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Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited

MCX.NS
Multi Commodity Exchange of India LimitedIN flagNational Stock Exchange of India
2,782.10
INR
+11.40
- -
708.08BMarket Cap
Multi Commodity Exchange of India Limited
MCX.NS
(National Stock Exchange of India)

Recent

price

2,782.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
17.55
20.89
20.51
13.82
10.25
10.26
9.67
10.17
11.87
15.03
13.69
12.94
17.56
22.88
43.63
90.28
75.64
Revenue per Share
6.8
11.24
11.82
6.04
4.96
4.51
4.98
4.26
5.75
9.3
8.85
5.64
5.84
3.26
21.96
52.22
44.5
Basic EPS, GAAP
9.36
13.12
2.09
1.52
2.74
3.05
-1.26
3.91
10.15
17.65
-7.25
15.37
5.55
17.34
37.26
119.01
- -
Free Cash Flow per Basic Share
0.93
1.16
8.43
4.47
0.71
2.42
1.57
3.62
4.11
4.83
6.01
5.53
3.48
3.82
1.53
6
- -
Dividend per Share
1.97
26.51
31.71
30.67
35.13
36.83
39.75
40.38
35.5
39.89
42.22
42.33
44.61
40.72
60.46
2
2
Book Value per Share
31.06
37.14
43.14
43.52
49.44
50.2
53.14
53.78
47.79
51.94
54.01
52.95
52.7
46.14
66.07
104.54
104.59
Tangible Book Value per Share
255
255
253
253
254
254
254
254
254
254
255
255
255
255
255
255
255
Basic Weighted Avg Shares
4,476
5,327
5,191
3,502
2,600
2,608
2,459
2,585
3,020
3,825
3,484
3,293
4,477
5,835
11,127
23,020
19,278
Sales/Revenue/Turnover
54.91
61.25
56.87
38.96
41.45
36.37
26.91
26.29
31.17
46.98
46.84
43.83
29.9
5.63
54.07
68.14
69.75
Operating Margin (%)
247
272
307
343
259
246
186
167
154
181
221
227
216
359
638
780
583
Depreciation Expense
1,734
2,867
2,992
1,532
1,258
1,146
1,266
1,084
1,462
2,365
2,252
1,434
1,490
831
5,600
13,316
11,341
Net Income, GAAP
29.56
27.7
26.25
27.09
26.41
29.09
28.79
26.38
4.85
10.88
15.57
22.05
21.83
18.5
19.93
21.23
21.32
Effective Tax Rate (%)
38.73
53.82
57.63
43.74
48.37
43.96
51.48
41.92
48.42
61.83
64.64
43.56
33.28
14.24
50.33
57.84
58.83
Profit Margin (%)
4,405
4,978
8,147
11,553
13,107
10,774
5,780
6,715
7,642
5,919
5,706
10,314
7,283
2,665
12,390
9,821
9,821
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
15
8
5
11
9
3
38
38
LT Debt
8,461
9,978
11,561
11,460
12,857
12,934
13,624
13,805
12,509
13,594
14,182
14,181
14,793
13,785
18,844
28,479
28,479
Total Equity
22.44
25.72
20.41
8.73
6.58
5.25
3.58
3.66
6.66
11.97
9.81
7.87
7.19
1.86
29.5
51.49
44.09
Return on Invested Capital (%)
73.24
78.96
40.47
19.49
15.19
12.57
13.03
10.64
15.16
24.65
21.53
13.33
13.45
7.65
43.39
166.61
141.9
Return on Capital (%)
73.23
78.96
40.47
19.39
15.07
12.55
13.01
10.64
15.16
24.66
21.56
13.33
13.45
7.64
43.41
167.17
142.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
9
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
255
- -
255
Market Capitalization
397,449
567,726
608,975

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
41,518
Cash, Cash Equivalents & STI
- -
- -
40,215
Accounts Receivable, Net
- -
- -
640
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
31,697
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
9
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.56%
17.06%
51.13%
Free Cash Flow
-28.73%
34.18%
219.4%
Net Income, GAAP
72.29%
126.99%
137.76%
Sales/Revenue/Turnover
29.24%
51.67%
106.89%
Total Cash Common Dividend
34.88%
39.5%
292.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,458
1,651
1,915
811
5,835
2025
2,344
2,856
3,014
2,913
11,127
2026
3,732
- -
6,656
8,889
23,020

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.77
-0.75
-0.21
17.23
3.26
2025
4.35
6.02
6.29
5.31
21.96
2026
7.97
- -
15.76
20.78
52.22

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.82
2025
- -
- -
- -
- -
1.53
2026
- -
- -
- -
- -
6
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Business
Multi Commodity Exchange of India Limited (MCX) operates as India's largest commodity derivatives exchange, providing a nationwide, electronic, online platform for trading futures and options contracts in commodities. The exchange offers futures and options trading in bullion including gold and silver variants such as Gold Mini, Gold Ten, and Silver Mini; base metals like copper and aluminium; energy products comprising crude oil, natural gas, and electricity futures (monthly base load); agricultural commodities such as cotton, mentha oil, cardamom, palm oil, and others; and index-based products including the MCX iCOMDEX series (Composite, Bullion, Base Metals, Gold, Copper, Crude Oil) with options on BULLDEX (gold and silver composite); alongside clearing and settlement services, data feed subscriptions, membership services, and the ComRIS system for warehouse commodity records. MCX commands dominant market share with approximately 98% in commodity futures trading value in FY2025, including 100% in precious metals, over 99% in energy and base metals, positioning it as the world's largest commodity options exchange by FIA rankings; it primarily serves retail investors, hedgers, arbitrageurs, and institutional participants across India through over 2,000 registered members and 346,000 trading terminals. Founded in 2003 and headquartered in Mumbai, Maharashtra, the exchange maintains pan-India operations with strategic alliances including CME Group, London Metal Exchange, Dalian Commodity Exchange, and domestic partners like Mahindra Agri Solutions and India Post for market outreach. Recent developments include the launch of Cardamom Futures contracts in July 2025 to enhance price discovery in spices; Electricity Futures (monthly base load) contracts commencing July 10, 2025; monthly Options on MCX iCOMDEX Bullion Index (BULLDEX) from October 27, 2025, marking India's first commodity index option for diversified precious metals exposure; Gold Ten (10g) Futures in April 2025; and a 1:5 stock split approved in August 2025, subdividing shares from face value of Rs 10 to Rs 2, alongside robust Q2 FY26 revenue growth of 31% to Rs 374 crore.