Multi Commodity Exchange of India Limited MCX NIFTY_MIDNSEFINANCIAL

Financial Services · Financial Data & Stock Exchanges · India

https://www.mcxindia.com

Multi Commodity Exchange of India Limited, a commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India. It offers iCOMDEX, a real-time commodity futures price indices; and trades in bullion, base metals, energy, and agricultural commodities. The company also provides clearing and settlement services; and data feed subscription and membership services. It has strategic alliances, consultancy, and collaboration agreements with various exchanges, such as CME Group, Dalian Commodity Exchange, London Metal Exchange, European Energy Exchange AG, Taiwan Futures Exchange, and Zhengzhou Commodity Exchange, Jakarta Futures Exchange, and Chittagong Stock Exchange Limited. The company was incorporated in 2002 and is based in Mumbai, India.

Market & Price

Market Cap

₹75,196.19 Cr

Current Price

₹2,954.50

High / Low (52W)

₹3,441.70 / ₹1,309.50

Beta

0.65

Valuation

Stock P/E

56.50

Industry PE

19.12

Forward P/E

35.22

PEG Ratio

Book Value

₹165.34

Price to Book

17.87

P/S

30.96

EV/EBITDA

40.26

Dividend Yield

0.20%

Profitability & Returns

ROCE

39.04%

ROE

37.88%

ROA

17.92%

Profit Margin

54.82%

Op Margin

73.86%

EPS (Latest Qtr)

₹20.78

EPS (TTM)

₹52.29

Balance Sheet & Liquidity

Debt/Equity

0.11

Quick Ratio

1.26

Current Ratio

1.31

Debt

₹4.76 Cr

Total Assets

₹7,500.63 Cr

Current Assets

₹4,151.84 Cr

Working Capital

₹982.10 Cr

Ownership

Promoter Holding

15.05%

Chg in Prom Hold

FII / Inst Holding

51.67%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹71,410.18 Cr

Total Revenue (TTM)

₹2,429.05 Cr

EBITDA

₹1,773.63 Cr

Free Cash Flow

₹2,811.41 Cr

Operating Cash Flow

₹3,034.72 Cr

Shares Outstanding

₹25.45 Cr

Gross Margin

95.56%

Payout Ratio

11.49%

Growth (CAGR)

Revenue 5Y

72.60%

Profit 5Y

107.53%

Revenue (YoY)

200.00%

Earnings (YoY)

291.20%

PROS

Strong return on equity of 37.9%.
Healthy ROCE of 39.0%.
Excellent profit margin of 54.8%.
Compounding revenue at 72.6% over 5 years.
Profit CAGR of 107.5% over 5 years.
Generates positive free cash flow.

CONS

Trading at a high P/E of 56.5.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MCX Multi Commodity Exchange of India Limited NIFTY_MIDNSEFINANCIAL	2,954.50	56.50	₹75,196.19 Cr	0.20%	39.04%	37.88%	72.60%	107.53%
2	HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL	744.55	16.61	₹11.46 L Cr	1.75%	-	13.82%	32.50%	20.39%
3	ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL	1,256.40	16.81	₹9.01 L Cr	0.88%	-	16.36%	19.65%	16.78%
4	SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU	964.40	10.58	₹8.90 L Cr	1.80%	-	15.48%	12.19%	14.39%
5	KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL	384.20	19.80	₹3.82 L Cr	0.13%	-	11.39%	14.58%	8.92%
6	LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU	411.35	9.06	₹2.60 L Cr	2.43%	-	42.36%	7.61%	16.86%
7	SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL	947.15	17.79	₹2.23 L Cr	1.46%	-	16.38%	15.48%	18.59%
8	SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL	1,830.10	74.06	₹1.84 L Cr	0.15%	-	13.70%	11.67%	12.81%
9	ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL	3,538.50	53.19	₹1.75 L Cr	0.70%	98.30%	85.80%	28.94%	29.58%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	301.38 Cr	291.33 Cr	373.21 Cr	-	665.62 Cr	888.94 Cr
Cost of Revenue	72.85 Cr	94.98 Cr	90.71 Cr	-	98.80 Cr	116.68 Cr
Gross Profit	228.53 Cr	196.35 Cr	282.50 Cr	-	566.82 Cr	772.26 Cr
Operating Expenses	50.01 Cr	57.85 Cr	58.14 Cr	-	93.57 Cr	125.21 Cr
Operating Income	178.52 Cr	138.50 Cr	224.36 Cr	-	473.25 Cr	647.05 Cr
EBITDA	216.64 Cr	190.11 Cr	273.77 Cr	-	525.19 Cr	701.08 Cr
Interest Expense	17.00 L	13.00 L	6.00 L	-	3.00 L	21.00 L
Pretax Income	201.87 Cr	168.29 Cr	256.41 Cr	-	503.25 Cr	681.79 Cr
Tax Provision	41.83 Cr	32.83 Cr	53.22 Cr	-	102.13 Cr	152.02 Cr
Net Income	160.04 Cr	135.46 Cr	203.19 Cr	-	401.12 Cr	529.77 Cr
Diluted EPS	-	5.31	7.97	7.74	3.15	20.78

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	447.69 Cr	583.54 Cr	1,112.66 Cr	2,302.00 Cr
Cost of Revenue	-	308.63 Cr	529.87 Cr	306.37 Cr	392.81 Cr
Gross Profit	-	139.06 Cr	53.67 Cr	806.29 Cr	1,909.19 Cr
Operating Expenses	-	5.22 Cr	20.84 Cr	204.73 Cr	340.65 Cr
Operating Income	-	133.84 Cr	32.83 Cr	601.56 Cr	1,568.54 Cr
EBITDA	-	212.37 Cr	138.18 Cr	763.60 Cr	1,768.73 Cr
Interest Expense	-	21.00 L	27.00 L	45.00 L	36.00 L
Pretax Income	-	190.57 Cr	101.98 Cr	699.40 Cr	1,690.33 Cr
Tax Provision	-	41.60 Cr	18.87 Cr	139.36 Cr	358.78 Cr
Net Income	-	148.97 Cr	83.11 Cr	560.04 Cr	1,331.55 Cr
Diluted EPS	-	5.85	3.26	21.96	52.22

Compounded Sales Growth

5 Years:	72.60%
1 Year:	200.00%

Compounded Profit Growth

5 Years:	107.53%
1 Year:	291.20%

Stock Price Performance

1 Year:	+125.62%
6 Months:	+49.72%
3 Months:	+23.32%
1 Month:	-0.57%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	3,022.75 Cr	3,408.79 Cr	4,325.17 Cr	7,500.63 Cr
Current Assets	-	1,625.94 Cr	1,450.37 Cr	2,661.52 Cr	4,151.84 Cr
Cash & Equivalents	-	181.07 Cr	178.85 Cr	338.58 Cr	819.76 Cr
Inventory	-	-	-	-	-
Receivables	-	14.64 Cr	62.24 Cr	28.76 Cr	63.98 Cr
Total Liabilities	-	1,543.45 Cr	2,030.32 Cr	2,440.77 Cr	4,652.69 Cr
Current Liabilities	-	897.60 Cr	1,183.87 Cr	1,422.54 Cr	3,169.74 Cr
Long Term Debt	-	-	-	-	-
Total Debt	-	1.55 Cr	1.66 Cr	1.01 Cr	4.76 Cr
Total Equity	-	1,479.30 Cr	1,378.47 Cr	1,884.40 Cr	2,847.94 Cr
Shares Outstanding	-	25.50 Cr	25.50 Cr	25.50 Cr	25.50 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	141.42 Cr	442.12 Cr	950.13 Cr	3,034.72 Cr
Investing Cash Flow	-	-8.08 Cr	-345.51 Cr	-750.83 Cr	-2,399.10 Cr
Financing Cash Flow	-	-89.48 Cr	-98.18 Cr	-40.20 Cr	-154.47 Cr
Capital Expenditure	-	-71.27 Cr	-143.23 Cr	-95.90 Cr	-72.34 Cr
Free Cash Flow	-	70.15 Cr	298.89 Cr	854.23 Cr	2,962.38 Cr
Net Change in Cash	-	43.86 Cr	-1.57 Cr	159.10 Cr	481.15 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	31.1%	9.2%	72.5%	82.9%
Operating Margin %	-	29.9%	5.6%	54.1%	68.1%
Net Margin %	-	33.3%	14.2%	50.3%	57.8%
ROE %	-	10.1%	6.0%	29.7%	46.8%
ROCE %	-	6.3%	1.5%	20.7%	36.2%

Shareholding Pattern

Insiders

15.05%

Institutions

51.67%

Public Float

60.82%

Analyst View

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MCX · Financial Services