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Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited

NSE: MCX
Financial Data & Stock ExchangesFinancial ServicesLARGE CAPMCap ₹80.48k Cr
₹3,162.00₹-54.40 (-1.69%)

Market Closed • NSE

Market cap₹80.48k Cr
Enterprise value₹78.12k Cr
P/E TTM66.04
Forward P/E37.97
P/B19.12
EPS TTM₹47.88
Forward EPS₹83.27
ROCE71.40%
D/E0.11
Dividend yield0.00%
Face value₹2.00
52W high₹3,481.40
52W low₹1,762.10
Price chart(1Y)
1Y Return:+10.83% (+₹309.00)
H: ₹3,481.4L: ₹2,565.5
1W-6.73%
1M-3.16%
3M+12.88%
6M+13.28%
1Y+69.48%
Today at a glance

Day range

₹3,122.70₹3,219.90

52 week range

₹1,762.10₹3,481.40
Volume2.18M1.14x 20D avg
Free float50.00%+13.90% volume

Multi Commodity Exchange of India Limited closed at INR3162.00 (-1.69%) on volume 1.14x its 20-day average, trading 9.17% below its 52-week high.

Technical analysis
RSI (14)44.5Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹106.76High
SMA 20₹3,280.66BEARISH
SMA 50₹3,209.52BEARISH
SMA 100₹3,004.76BULLISH
SMA 200₹2,821.17BULLISH
CPR bottom₹3,211.00
Pivot₹3,212.80
CPR top₹3,214.60
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -22.1% QoQ

2026-08-28

DIVIDEND Announced

Dividend - Rs 8 Per Share

2026-01-02

DIVIDEND Announced

Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL4/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹4.8 Cr₹80.48k Cr0.01%≤ 33%PASS
Non-halal income ratio–₹2.30k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹6.68k Cr₹7.50k Cr89.07%≥ 20%PASS
Receivables ratio–₹7.50k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E66.0416.50
Forward P/E37.97—
P/B19.121.60
EV/EBITDA—18.00
PEG—0.50
Earnings yield1.506.10
Growth & profitability
RevenuePAT
FY24PAT margin 12.10%
FY25PAT margin 50.30%
FY26PAT margin 57.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+27.40%
Revenue CAGR 5Y+31.60%
PAT CAGR 3Y+33.50%
PAT CAGR 5Y+74.20%
Operating margin69.58%
Net margin55.56%
Financial health & cash flow
Net debt–Moderate
Interest coverage4,357.10xEBIT / interest
CFO / PAT2.18x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹3.03k Cr
Capital expenditure–
Free cash flow₹2.96k Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall70/100
Valuation35/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 71.4%

Low Debt Profile: Debt-to-Equity is comfortable at 0.11x

High Cash Flow Conversion: CFO/PAT averaged 2.18x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 66.0x

Bull case

Market Leadership: Established operational scale in Financial Data & Stock Exchanges.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
80.42%Institutional holding
19.38%Public holding
5Periods available
0.00%Promoter pledged
3.6LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
28 Aug 2026Dividend₹8.00 / share—28 Aug 2026
02 Jan 2026Dividend₹10.00 / share—02 Jan 2026
08 Aug 2025Dividend₹30.00 / share—08 Aug 2025
19 Sept 2024Dividend₹7.64 / share—19 Sept 2024
15 Sept 2023Dividend₹19.09 / share—15 Sept 2023
20 Sept 2022Dividend₹17.40 / share—19 Sept 2022
—Dividend₹27.60 / share—26 Aug 2021
—Dividend₹30.00 / share—21 Aug 2020
—Dividend₹20.00 / share—12 Sept 2019
—Dividend₹17.00 / share—23 Aug 2018
—Dividend₹15.00 / share—14 Aug 2017
—Dividend₹6.50 / share—09 Sept 2016
—Dividend₹10.00 / share—16 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)43.28%+9.50% latest vs average
Highest delivery52.78%on 16 Oct
Average volume (20D)1.92MTrading-session average
Conviction trendStrengthening+9.50% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
HDFC Bank Limited
HDFC Bank LimitedHDFCBANK
Open analysis
₹11.24L15.931.79%₹46,355.55₹19,059.72-45.69%+17.23%
ICICI Bank Limited
ICICI Bank LimitedICICIBANK
Open analysis
₹10.03L18.060.86%₹32,960.41₹16,276.00-35.98%+12.59%
State Bank of India
State Bank of IndiaSBIN
Open analysis
₹8.89L10.321.81%₹62,915.13₹25,121.00-29.09%+13.56%
Bajaj Finance Limited
Bajaj Finance LimitedBAJFINANCE
Open analysis
₹6.11L29.360.56%₹13,929.00₹6,081.00+17.62%+27.62%
Life Insurance Corporation of India
Life Insurance Corporation of IndiaLICI
Open analysis
₹5.03L8.372.54%₹2.40L₹13,584.00+6.76%+24.00%
Kotak Mahindra Bank Limited
Kotak Mahindra Bank LimitedKOTAKBANK
Open analysis
₹4.45L21.930.15%₹11,266.63₹5,480.00-41.22%+22.54%
Axis Bank Limited
Axis Bank LimitedAXISBANK
Open analysis
₹4.02L14.510.08%₹21,381.52₹7,114.00-3.52%+22.53%
Bajaj Finserv Ltd.
Bajaj Finserv Ltd.BAJAJFINSV
Open analysis
₹2.77L27.450.08%₹42,036.90—+39.05%—
About Multi Commodity Exchange of India Limited
Multi Commodity Exchange of India Limited

The MCX) commenced operation in Nov,03 is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange operates under SEBI. [1]

IndiaFinancial Services

Questions investors ask
Is Multi Commodity Exchange of India Limited Shariah compliant?

Multi Commodity Exchange of India Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bfinancial services\b/i Debt to Market Cap (0.01%) complies with AAOIFI threshold (≤ 33%).

What is Multi Commodity Exchange of India Limited's current valuation relative to peers?

Multi Commodity Exchange of India Limited trades at a P/E of 66.0x compared to the sector median of 16.5x, and a Price-to-Book of 19.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.11x. Interest coverage is 4357.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 31.6% while net profit growth averaged 74.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.