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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₹1,538.06 - ₹3,479.80
Previous CloseN/A
Volume732.43K
Average Volume (3M)240.19K
Market Cap
₹809.34B
Enterprise Value₹569.18K
Total Cash (Recent Filing)₹39.17B
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)53.1
Beta1.34
Next Earnings
Oct 19, 2026EPS Estimate
16.81Next Dividend Ex-DateN/A
Dividend Yield0.25%
Share Statistics
EPS (TTM)60.51
Shares Outstanding254,991,840
10 Day Avg. Volume177,647
30 Day Avg. Volume240,193
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)66.57
Revenue Forecast (FY)₹28.92B
Bulls Say, Bears Say
Bulls Say
Strong Growth And MarginsThe sharp revenue increase alongside exceptionally high net and EBIT margins indicates strong operating leverage and improving earnings power. If these gains remain supported by exchange activity and product adoption, MCX can generate substantial internal funds to reinforce its market infrastructure and competitive position.
Conservative Balance SheetMinimal leverage materially reduces financial risk and leaves MCX with flexibility to invest in technology, market infrastructure, and member services without heavy debt obligations. The recent rise in ROE also shows that capital is currently being deployed with much greater productivity than in earlier periods.
Strong Recent Cash GenerationRecent operating cash flow and near-complete conversion of net income into free cash flow demonstrate that reported earnings are translating into funding capacity. This supports ongoing investment, resilience, and shareholder distributions while reducing reliance on external financing for the business.
Bears Say
Historical Earnings VolatilityThe large movement in profitability across fiscal years shows that MCX’s earnings profile can vary materially rather than progressing smoothly. Such variability makes medium-term forecasting less reliable and means the latest exceptional margins may not fully represent normalized performance through different operating cycles.
Uneven Cash Conversion HistoryAlthough current cash generation is strong, prior periods show that accounting profits have not always converted consistently into operating and free cash flow. Recurring timing or working-capital swings could therefore affect the funds available for investment, distributions, and other capital-allocation priorities.
Dependence On Trading ActivityMCX’s principal revenue engine is linked to executed trades and the broader commodity-derivatives ecosystem, so durable earnings remain exposed to participation levels and contract liquidity. Changes in volatility, product mix, or regulation can affect volumes and fee income even when the platform remains competitive.
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 ₹1538.06 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 ₹809.34B.
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 32 days.
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 16.81.
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
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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