MULTI COMMODITY EXCHANGE Latest Share Price (MCX)
TODAY IN ONE LINE
MCX slipped 0.5% on average volume, in line with Nifty's -0.6% move.
With a market cap of ₹83,764.82 Cr., it trades at a P/E of 54.63. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
MULTI COMMODITY EXCHANGE flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 291.2% YoY
- ●High Capital EfficiencyROCE of 36.5% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 36.5%
- ●Healthy Operating MarginsOPM is structurally strong at 63.8%
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●FII AccumulationFII holding increased by 3.76% QoQ
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Expensive ValuationTrading at a high P/E ratio of 56.7x
Latest MULTI COMMODITY EXCHANGE News
What changed recently?
Recent events, corporate actions, and announcements.
MULTI COMMODITY EXCHANGE valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for MULTI COMMODITY EXCHANGE, framed against the sector median so the premium or discount is obvious at a glance.
MULTI COMMODITY EXCHANGE trades at a P/E of 54.63× and P/B of 29.57×, against the Financial Services sector median P/E of 21.73×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
MULTI COMMODITY EXCHANGE technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for MULTI COMMODITY EXCHANGE — derived from the latest tape, not yesterday's close.
MULTI COMMODITY EXCHANGE last traded at ₹3,286 with an intraday range of ₹3,258–₹3,333 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹3286.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 3476.67 | +190.67 | +5.80% |
| R3 | 3401.67 | +115.67 | +3.52% |
| R2 | 3367.33 | +81.33 | +2.48% |
| R1 | 3326.67 | +40.67 | +1.24% |
| PIVOT | 3292.33 | 6.33 | 0.19% |
| CURRENT | 3286.00 | — | — |
| S1 | 3251.67 | -34.33 | -1.04% |
| S2 | 3217.33 | -68.67 | -2.09% |
| S3 | 3176.67 | -109.33 | -3.33% |
| S4 | 3101.67 | -184.33 | -5.61% |
MCX is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹3258–₹3298
Trading Inside opening range
MULTI COMMODITY EXCHANGE financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for MULTI COMMODITY EXCHANGE — consolidated or standalone — with margins, YoY growth and key ratios inline.
MULTI COMMODITY EXCHANGE reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹83,764.82 Cr. and reported EPS of ₹16.21.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 1,113 | 2,302 ▲ 106.9% |
| Sales Growth YoY %Derived | 62.78% | 106.89% |
| Other Income | 96 | 127 ▲ 32.1% |
| Total Income | 1,209 | 2,429 ▲ 100.9% |
| 162 | 213 ▲ 31.2% | |
| Gross ProfitDerived | 951 | 2,089 ▲ 119.8% |
| Gross Margin %Derived | 85.43% | 90.76% |
| 283 | 448 ▲ 58.1% | |
| EBITDA (Operating Profit)Derived | 667 | 1,642 ▲ 146.0% |
| OPM %Derived | 59.98% | 71.32% |
| 64 | 78 ▲ 22.1% | |
| Profit Before Tax (PBT) | 699 | 1,690 ▲ 141.7% |
| 139 | 359 ▲ 157.4% | |
| Effective Tax %Derived | 19.93% | 21.23% |
| Total Profit for Period | 560 | 1,332 ▲ 137.8% |
| Net Profit (Owner's PAT)Derived | 560 | 1,332 ▲ 137.8% |
| Net Profit Margin %Derived | 50.33% | 57.84% |
| PAT Growth YoY %Derived | 573.85% | 137.76% |
| Earnings Per Share (EPS ₹) | 21.96 | 52.22 ▲ 137.8% |
| Diluted Shares Outstanding (Cr) | 25 | 25 ▲ 0.0% |
| Share of Profit from Associates/JVs | — | — |
| Other Comprehensive Income (Net of Tax) | 2 | 17 ▲ 677.6% |
| Total Expenses (incl. D&A & Interest) | 509 | 739 ▲ 45.0% |
| Material Cost % of RevenueDerived | 14.57% | 9.24% |
| Employee Cost % of RevenueDerived | 12.96% | 7.82% |
| Other Cost % of RevenueDerived | 12.48% | 11.62% |
| Interest Coverage (x)Derived | 1,341.44x | 4,343.44x |
| Period | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 300 | 374 ▲ 24.7% | 391 ▲ 4.4% | 367 ▼ 6.1% | 514 ▲ 40.0% | 684 ▲ 33.1% | 1,113 ▲ 62.8% | 2,302 ▲ 106.9% | |
| Sales Growth YoY %Derived | — | 24.70% | 4.39% | -6.08% | 39.99% | 33.11% | 62.78% | 106.89% | |
| Other Income | 99 | 129 ▲ 30.8% | 104 ▼ 19.5% | 67 ▼ 35.9% | 68 ▲ 1.7% | 75 ▲ 11.4% | 96 ▲ 27.6% | 127 ▲ 32.1% | |
| Total Income | 399 | 503 ▲ 26.2% | 494 ▼ 1.7% | 433 ▼ 12.3% | 581 ▲ 34.1% | 759 ▲ 30.6% | 1,209 ▲ 59.3% | 2,429 ▲ 100.9% | |
— | — | — | — | — | — | 162 | 213 ▲ 31.2% | ||
| Gross ProfitDerived | 300 | 374 ▲ 24.7% | 391 ▲ 4.4% | 367 ▼ 6.1% | 514 ▲ 40.0% | 684 ▲ 33.1% | 951 ▲ 39.1% | 2,089 ▲ 119.8% | |
| Gross Margin %Derived | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 85.43% | 90.76% | |
206 | 219 ▲ 6.5% | 205 ▼ 6.4% | 205 ▼ 0.4% | 364 ▲ 77.8% | 619 ▲ 70.2% | 283 ▼ 54.3% | 448 ▲ 58.1% | ||
| EBITDA (Operating Profit)Derived | 94 | 155 ▲ 64.6% | 185 ▲ 19.7% | 162 ▼ 12.4% | 150 ▼ 7.7% | 64 ▼ 57.0% | 667 ▲ 937.8% | 1,642 ▲ 146.0% | |
| OPM %Derived | 31.32% | 41.34% | 47.40% | 44.21% | 29.15% | 9.41% | 59.98% | 71.32% | |
-8 | 18 ▲ 319.4% | 22 ▲ 21.6% | 3 ▼ 88.7% | 22 ▲ 768.5% | 36 ▲ 66.1% | 64 ▲ 77.3% | 78 ▲ 22.1% | ||
| Profit Before Tax (PBT) | 153 | 265 ▲ 73.1% | 267 ▲ 0.5% | 185 ▼ 30.5% | 196 ▲ 5.5% | 104 ▼ 47.1% | 699 ▲ 575.7% | 1,690 ▲ 141.7% | |
7 | 29 ▲ 287.5% | 42 ▲ 43.9% | 41 ▼ 2.3% | 42 ▲ 2.5% | 19 ▼ 54.6% | 139 ▲ 638.5% | 359 ▲ 157.4% | ||
| Effective Tax %Derived | 4.86% | 10.88% | 15.57% | 21.90% | 21.27% | 18.23% | 19.93% | 21.23% | |
| Total Profit for Period | 146 | 237 ▲ 61.7% | 225 ▼ 4.8% | 143 ▼ 36.3% | 149 ▲ 3.8% | 83 ▼ 44.2% | 560 ▲ 573.9% | 1,332 ▲ 137.8% | |
| Net Profit (Owner's PAT)Derived | 146 | 237 ▲ 61.7% | 225 ▼ 4.8% | 143 ▼ 36.3% | 149 ▲ 3.8% | 83 ▼ 44.2% | 560 ▲ 573.9% | 1,332 ▲ 137.8% | |
| Net Profit Margin %Derived | 48.74% | 63.21% | 57.67% | 39.11% | 29.01% | 12.16% | 50.33% | 57.84% | |
| PAT Growth YoY %Derived | — | 61.72% | -4.77% | -36.31% | 3.85% | -44.21% | 573.85% | 137.76% | |
| Earnings Per Share (EPS ₹) | 5.74 | 9.27 ▲ 61.5% | 8.83 ▼ 4.7% | 5.63 ▼ 36.2% | 5.84 ▲ 3.7% | 3.26 ▼ 44.2% | 21.96 ▲ 573.6% | 52.22 ▲ 137.8% | |
| Diluted Shares Outstanding (Cr) | 25 | 25 ▲ 0.0% | 25 ▲ 0.0% | 25 ▲ 0.0% | 25 ▲ 0.0% | 25 ▲ 0.0% | 25 ▲ 0.0% | 25 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 0 | 0 ▼ 90.7% | 0 ▲ 125.0% | -1 ▼ 1511.1% | -5 ▼ 292.1% | -2 ▲ 69.5% | — ▲ 100.0% | — | |
| Other Comprehensive Income (Net of Tax) | -2 | -2 ▼ 16.4% | -1 ▲ 52.8% | -3 ▼ 201.1% | 1 ▲ 133.9% | -2 ▼ 257.3% | 2 ▲ 247.7% | 17 ▲ 677.6% | |
| Total Expenses (incl. D&A & Interest) | 245 | 238 ▼ 3.1% | 228 ▼ 4.2% | 248 ▲ 8.9% | 386 ▲ 55.5% | 655 ▲ 70.0% | 509 ▼ 22.3% | 739 ▲ 45.0% | |
| Material Cost % of RevenueDerived | — | — | — | — | — | — | 14.57% | 9.24% | |
| Employee Cost % of RevenueDerived | 24.15% | 20.67% | 19.24% | 21.81% | 17.90% | 16.43% | 12.96% | 7.82% | |
| Other Cost % of RevenueDerived | 44.53% | 37.99% | 33.35% | 33.98% | 52.95% | 74.16% | 12.48% | 11.62% | |
| Interest Coverage (x)Derived | 7,851.00x | 853.31x | 858.26x | 581.17x | 610.00x | 105.11x | 1,341.44x | 4,343.44x |
MULTI COMMODITY EXCHANGE segment analysis : revenue and profit mix.
Disclosed business segments at MULTI COMMODITY EXCHANGE with their share of revenue and profit, switchable between consolidated and standalone reporting.
MULTI COMMODITY EXCHANGE discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for MULTI COMMODITY EXCHANGE.
Our AI distills the core fundamental drivers supporting MULTI COMMODITY EXCHANGE, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
MULTI COMMODITY EXCHANGE's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Latest quarterly EPS grew 291% YoY, demonstrating exceptional earnings momentum and profitability acceleration.
Operating margin 68.14% significantly exceeds peer BSE 60.8%, reflecting superior cost efficiency.
ROE 36.54% and ROCE 36.55% far outpace peer BSE, signaling exceptional capital utilization.
Virtually debt-free balance sheet with debt-to-equity 0.0000x provides substantial financial flexibility.
TTM revenue grew 200% YoY, signaling robust business acceleration and strong market demand.
Key Risks.
P/E ratio 56.74x suggests significant overvaluation relative to current earnings multiples.
Price-to-book 21.64x indicates premium valuation with limited margin of safety for investors.
Dividend yield 0.22% offers minimal income return, limiting appeal for yield-focused investors.
Beta 1.46 indicates above-market volatility, exposing investors to elevated price uncertainty.
FII holdings eased from 26.95% to 19%, signals foreign investor caution over recent period.
Flip Conditions.
Valuation risk. a P/E above 71 (~3.3× the sector multiple of 21.7) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 32% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.12%.
MULTI COMMODITY EXCHANGE peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MULTI COMMODITY EXCHANGE is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
MULTI COMMODITY EXCHANGE chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for MULTI COMMODITY EXCHANGE — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
MULTI COMMODITY EXCHANGE delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for MULTI COMMODITY EXCHANGE over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in MULTI COMMODITY EXCHANGE stood at 28.0% of traded volume, against a 20-day average of 41.6%.
MULTI COMMODITY EXCHANGE announcements: results, concalls, ratings, M&A.
Filings MULTI COMMODITY EXCHANGE sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
MULTI COMMODITY EXCHANGE files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 153 documents below.
Company Update
Intimation regarding issuance of notice to the shareholder in the newspaper
Company Update
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Others
Business Responsibility and Sustainability Report for the FY 2025-26.
Investor decks & rating reports.
Company Update
Company Update
Company Update
Company Update
Company Update
MULTI COMMODITY EXCHANGE dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue MULTI COMMODITY EXCHANGE has declared, sequenced by announce and record date.
MULTI COMMODITY EXCHANGE corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About MULTI COMMODITY EXCHANGE: business, sector, key facts.
What MULTI COMMODITY EXCHANGE does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
MULTI COMMODITY EXCHANGE operates in the Exchange and Data Platform industry under the Financial Services sector, listed as NSE: MCX, BSE: 534091.
Multi Commodity Exchange of India Limited (MCX) is a prominent commodity derivatives exchange operating in India. Its core business revolves around providing a technologically advanced online platform for trading commodity derivatives contracts. This platform enables market participants, including businesses, investors, and speculators, to buy and sell contracts on various commodities, thereby managing price risk and speculating on future price movements. The exchange's role is crucial in promoting price discovery and facilitating efficient price determination in the commodities markets.
MCX offers a diverse range of commodity derivatives contracts covering several key sectors. These include bullion (gold and silver), industrial metals (like copper, aluminum, and zinc), energy products (crude oil and natural gas), and agricultural commodities (depending on availability and market demand). This broad spectrum allows for a wide array of trading opportunities and caters to the hedging and speculation needs of a diverse clientele across various industries.
Beyond the trading platform, MCX provides essential ancillary services that are integral to the smooth functioning of the commodities market. Crucially, it offers trade clearing and settlement services, ensuring the integrity and efficiency of transactions. This involves guaranteeing the fulfillment of contractual obligations and managing counterparty risk, thereby maintaining the confidence and stability of the exchange. MCX also offers data feed subscriptions providing real-time market information and price data, enabling informed decision-making by its clients.
A key aspect of MCX’s business strategy is its extensive network of strategic alliances and collaborations with leading global commodity exchanges. These partnerships with organizations such as the CME Group, London Metal Exchange, and several Asian exchanges allow for knowledge sharing, technological advancements, and access to global best practices. This international collaboration enhances MCX's operational efficiency and elevates its global standing within the commodities trading ecosystem. Furthermore, the consultancy and collaboration agreements allow MCX to leverage its expertise and contribute to the development of commodity markets internationally.
In summary, MCX operates as a multifaceted commodity exchange, offering online trading platforms, crucial clearing and settlement services, and valuable market data. Its extensive international collaborations contribute to its robustness and its role in facilitating efficient and transparent trading of commodity derivatives in India and fostering greater integration within the global commodities market. The company plays a pivotal role in managing price risk for businesses and providing opportunities for investment and speculation in the commodities sector.
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Questions investors ask about MULTI COMMODITY EXCHANGE (MCX).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of MULTI COMMODITY EXCHANGE (MCX)?
The current share price of MULTI COMMODITY EXCHANGE (MCX) is ₹3,286.00. Today, the stock has declined by ₹17.00 (0.51%), trading in a range of ₹3,258.00 to ₹3,333.00. The stock opened at ₹3,280.00 with a trading volume of 24,48,588 shares.
02Is MULTI COMMODITY EXCHANGE stock a good investment for long-term?
MULTI COMMODITY EXCHANGE can be considered for long-term investment based on several factors. The company has a market capitalization of ₹83,764.82 Cr., P/E ratio of 54.63, ROE of 36.54%, and ROCE of 36.46%. The dividend yield stands at 0.24%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of MULTI COMMODITY EXCHANGE stock?
The 52-week high price of MULTI COMMODITY EXCHANGE (MCX) is ₹11,219.00, while the 52-week low is ₹2,068.50. Currently trading at ₹3,286.00, the stock is 58.86% above its 52-week low and 70.71% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy MULTI COMMODITY EXCHANGE stock at the current price?
Whether to buy MULTI COMMODITY EXCHANGE stock at ₹3,286.00 depends on multiple factors. The stock is currently trading with a P/E ratio of 54.63 and P/B ratio of 29.57. Today's performance shows a loss of 0.51%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of MULTI COMMODITY EXCHANGE and when is the next dividend?
MULTI COMMODITY EXCHANGE offers a dividend yield of 0.24%, which means for every ₹100 invested at the current price of ₹3,286.00, you can expect to receive approximately ₹0.24 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of MULTI COMMODITY EXCHANGE?
MULTI COMMODITY EXCHANGE's key financial metrics include: P/E Ratio: 54.63, P/B Ratio: 29.57, ROE: 36.54%, ROCE: 36.46%, Dividend Yield: 0.24%, EPS: ₹16.21, Book Value: ₹111.69, and Debt-to-Equity: 0. The company's market cap stands at ₹83,764.82 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is MULTI COMMODITY EXCHANGE stock performing today in the market?
MULTI COMMODITY EXCHANGE stock opened at ₹3,280.00 and is currently trading at ₹3,286.00, showing a decline of ₹17.00 (0.51%). The intraday high is ₹3,333.00 and low is ₹3,258.00. The trading volume stands at 24,48,588 shares, indicating strong market participation today.
08What is the P/E ratio of MULTI COMMODITY EXCHANGE and what does it indicate?
MULTI COMMODITY EXCHANGE has a Price-to-Earnings (P/E) ratio of 54.63, which means investors are willing to pay 54.63 for every ₹1 of earnings. With an EPS of ₹16.21, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about MULTI COMMODITY EXCHANGE (MCX) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.