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MCX Stock Chart & Stats
₹2729.60
₹26.00(0.95%)
At close: 4:00 PM EDT
₹2729.60
₹26.00(0.95%)
Day’s Range― - ―
52-Week Range₹1,461.00 - ₹3,479.80
Previous CloseN/A
Volume732.43K
Average Volume (3M)32.88K
Market Cap
₹682.86B
Enterprise Value₹373.87K
Total Cash (Recent Filing)₹39.17B
Total Debt (Recent Filing)₹47.60M
Price to Earnings (P/E)51.5
Beta1.35
Next Earnings
Oct 19, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield0.28%
Share Statistics
EPS (TTM)52.27
Shares Outstanding254,991,840
10 Day Avg. Volume50,879
30 Day Avg. Volume32,881
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)21.39
Price to Sales (P/S)25.08
P/FCF Ratio18.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,600.00Price Target Upside31.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)67.21
Revenue Forecast (FY)₹29.43B
Bulls Say, Bears Say
Bulls Say
Revenue And Margin StrengthSustained double-digit revenue expansion and very high margins reflect strong operating leverage in the exchange model. Fee-based economics plus scalable infrastructure convert volume gains efficiently into profit, supporting durable cash generation and reinvestment capacity over the next 2–6 months.
Very Conservative Balance SheetNear-zero leverage materially lowers financial risk and preserves strategic optionality. With little debt servicing pressure the company can withstand volume shocks, fund technology or product investment, and return capital without jeopardizing operations, enhancing resilience for months ahead.
Strong Cash GenerationFree cash flow roughly equaling net income indicates cash-realized profitability rather than accounting-only gains. That cash convertibility supports consistent funding of technology, market data services and member infrastructure, enabling durable investment and capital returns over the medium term.
Bears Say
Revenue Cyclicality Tied To VolumesMCX’s fee-driven model is structurally exposed to trading activity and market volatility. A sustained drop in participation or calmer markets would directly reduce core fee income, making revenue and earnings sensitive to cyclical market activity and limiting predictability of cashflows over several quarters.
Historical Earnings And Cash-flow SwingsPast years show material swings in margins and operating cash flow driven by timing and market cycles. This variability complicates forecasting and capital allocation; recent strength may not persist, raising execution risk for sustaining elevated margins and returns across multiple quarters.
Inconsistent Capital Productivity HistoricallyThe sharp recent ROE pickup follows years of low returns, suggesting past performance depended on episodic conditions. If elevated profitability proves temporary, capital returns could revert, undermining longer-term expectations for persistent high ROE and investor cash returns over the next several quarters.
MCX FAQ
What was Multi Commodity Exchange of India Limited’s price range in the past 12 months?
Multi Commodity Exchange of India Limited lowest stock price was ₹1461.00 and its highest was ₹3479.80 in the past 12 months.
What is Multi Commodity Exchange of India Limited’s market cap?
Multi Commodity Exchange of India Limited’s market cap is ₹682.86B.
When is Multi Commodity Exchange of India Limited’s upcoming earnings report date?
Multi Commodity Exchange of India Limited’s upcoming earnings report date is Oct 19, 2026 which is in 79 days.
How were Multi Commodity Exchange of India Limited’s earnings last quarter?
Currently, no data Available
Is Multi Commodity Exchange of India Limited overvalued?
According to Wall Street analysts Multi Commodity Exchange of India Limited’s price is currently Undervalued.
Does Multi Commodity Exchange of India Limited pay dividends?
Multi Commodity Exchange of India Limited pays a Annually dividend of ₹6 which represents an annual dividend yield of 0.28%. See more information on Multi Commodity Exchange of India Limited dividends here
What is Multi Commodity Exchange of India Limited’s EPS estimate?
Multi Commodity Exchange of India Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Multi Commodity Exchange of India Limited have?
Multi Commodity Exchange of India Limited has 254,991,840 shares outstanding.
What happened to Multi Commodity Exchange of India Limited’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Multi Commodity Exchange of India Limited?
Currently, no hedge funds are holding shares in IN:MCX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Multi Commodity Exchange of India Limited
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.
MCX Stock 12 Month Forecast
Average Price Target
₹3,600.00
▲(31.89% Upside)
Technical Analysis
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