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Multi Commodity Exchange of India Limited (MCX) Stock Price & Analysis

MCX Stock Chart & Stats

₹3,185.00-₹44.00(-1.36%)
At close: 3:30 PM GMT+5:30
INR 2,750INR 3,000INR 3,2503 Aug17 Aug31 Aug15 Sep28 Sep12 Oct26 Oct
Day’s Range
INR 3,170.00 - INR 3,251.35
52-Week Range
INR 1,761.43 - INR 3,479.80
Previous Close
INR 3,229.00
Volume
732.43K
Average Volume (3M)
111.73K
Market Cap
INR 812.15B
Enterprise Value
INR 569.18B
Total Cash (Recent Filing)
INR 39.17B
Total Debt (Recent Filing)
INR 0
Price to Earnings (P/E)
52.7
Beta
1.38
Next Earnings
Nov 03, 2026 (Est.)
EPS Estimate
17.44
Last Dividend Ex-Date
Aug 28, 2026
Dividend Yield
0.25%

Bulls Say, Bears Say

Bulls Say

Revenue And Profit Growth

The sharp FY2026 revenue expansion and very high operating and net margins indicate strong earnings power and operating leverage. If activity remains supportive, this profitability provides substantial capacity to reinvest in platform capabilities, strengthen market infrastructure, and convert growth into durable cash generation.

Conservative Balance Sheet

Near-zero leverage materially reduces financial risk and preserves flexibility for technology investment, resilience, and shareholder returns without substantial interest burdens. The stronger equity productivity shown by approximately 47% ROE also indicates that the company is currently generating substantial returns from its capital base.

Strong Recent Cash Generation

Recent operating cash flow above net income and free cash flow nearly matching earnings demonstrate strong conversion of reported profits into internally generated funds. That cash profile supports ongoing platform investment and financial flexibility, reducing reliance on borrowing while the business expands.

Bears Say

Earnings Volatility

The large variation in profitability across recent fiscal years shows that the company’s earnings power is not yet consistently stable through different operating conditions. Such volatility can make future results harder to forecast and may reduce confidence that the latest exceptionally high margins will persist.

Uneven Cash Conversion History

Although recent cash generation is strong, the history of negative cash flow alongside positive earnings indicates that working-capital or timing effects can materially affect liquidity. Recurring swings could complicate investment planning and make reported earnings a less dependable guide to available cash in weaker periods.

Activity And Regulatory Sensitivity

The transaction-led business model links revenue to participation, trading volumes, volatility, and the availability of permitted contracts. These drivers can change independently of execution, creating structural sensitivity in topline performance and limiting the predictability of earnings across commodity-market and regulatory cycles.

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 ₹1761.43 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 ₹812.15B.
When is Multi Commodity Exchange of India Limited’s upcoming earnings report date?
Multi Commodity Exchange of India Limited’s next earnings report is estimated for Nov 03, 2026 (not yet confirmed), which is in 1 day.
How were Multi Commodity Exchange of India Limited’s earnings last quarter?
Multi Commodity Exchange of India Limited released its earnings results on Aug 04, 2026. The company reported ₹16.2 earnings per share for the quarter, missing the consensus estimate of ₹16.675 by -₹0.475.
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 ₹8 which represents an annual dividend yield of 0.25%. 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 is 17.44.
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?
Multi Commodity Exchange of India Limited reported an EPS of ₹16.2 in its last earnings report, missing expectations of ₹16.675. Following the earnings report the stock price went up 1.82%.
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