Multi Commodity Exchange of India
Multi Commodity Exchange of India Share Price Chart
Multi Commodity Exchange of India last traded at ₹3,357.30 (2026-10-13). Over the past month the stock moved +1.8%, three months the stock moved +1.5%, year the stock moved +108.5%. Its closing range over 52 weeks is ₹1,800.70 – ₹3,426.00, with the latest close 2.0% below the high.
Closing prices up to 2026-10-13.
About Multi Commodity Exchange of India
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]
Monopoly[1] Co. has a 95.9% share in the Commodity future market in FY24. It controls a 100% share of Precious metals & stones, 99.61% in Energy & 99.80% in base metals except agri-commodities where it commands a share of 2.65%. Co. is the 7th largest by the number of Commodity Futures traded and the 6th largest by the number of Commodity Options. The 2nd largest player NCDEX in the commodity future market controls the rest 3.9% market share.
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), Multi Commodity Exchange of India reported sales of ₹702.00 crore (+88.2%) and net profit of ₹413.00 crore (+103.4%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 702.00 | 494.00 | 70.00 | 413.00 | 16.21 |
| Mar 2026 | 889.00 | 665.00 | 75.00 | 530.00 | 20.78 |
| Dec 2025 | 666.00 | 494.00 | 74.00 | 401.00 | 15.73 |
| Sep 2025 | 374.00 | 242.00 | 65.00 | 197.00 | 7.74 |
| Jun 2025 | 373.00 | 241.00 | 65.00 | 203.00 | 7.97 |
| Mar 2025 | 291.00 | 160.00 | 55.00 | 135.00 | 5.31 |
| Dec 2024 | 301.00 | 193.00 | 64.00 | 160.00 | 6.28 |
| Sep 2024 | 286.00 | 179.00 | 63.00 | 154.00 | 6.02 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +73.3% | +56.8% | +60.8% | +59.4% | +30.8% | +121.3% | +205.5% | +88.2% |
| Operating profit growth | – | – | +56.9% | +81.2% | +35.2% | +156.0% | +315.6% | +105.0% |
| Net profit growth | – | – | +53.4% | +82.9% | +27.9% | +150.6% | +292.6% | +103.4% |
| EPS growth | – | – | +53.9% | +83.2% | +28.6% | +150.5% | +291.3% | +103.4% |
| OPM % | 63.0% | 64.0% | 55.0% | 65.0% | 65.0% | 74.0% | 75.0% | 70.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), Multi Commodity Exchange of India reported sales of ₹2,302.00 crore (+106.8%) and net profit of ₹1,332.00 crore (+137.9%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 2,302 | 1,642 | 71.00 | 1,332 | 52.22 |
| Mar 2025 | 1,113 | 665.00 | 60.00 | 560.00 | 109.82 |
| Mar 2024 | 684.00 | 63.00 | 9.00 | 83.00 | 16.30 |
| Mar 2023 | 514.00 | 145.00 | 28.00 | 149.00 | 29.21 |
| Mar 2022 | 367.00 | 161.00 | 44.00 | 143.00 | 28.13 |
| Mar 2021 | 391.00 | 185.00 | 47.00 | 225.00 | 44.16 |
| Mar 2020 | 398.00 | 178.00 | 45.00 | 236.00 | 46.37 |
| Mar 2019 | 300.00 | 94.00 | 31.00 | 146.00 | 28.68 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +15.4% | +32.7% | -1.8% | -6.1% | +40.1% | +33.1% | +62.7% | +106.8% |
| Operating profit growth | +23.7% | +89.4% | +3.9% | -13.0% | -9.9% | -56.6% | +955.6% | +146.9% |
| Net profit growth | +35.2% | +61.6% | -4.7% | -36.4% | +4.2% | -44.3% | +574.7% | +137.9% |
| EPS growth | +35.0% | +61.7% | -4.8% | -36.3% | +3.8% | -44.2% | +573.7% | -52.4% |
| OPM % | 31.0% | 45.0% | 47.0% | 44.0% | 28.0% | 9.0% | 60.0% | 71.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
AI Analysis
MCX trades at ₹2802.55, down 3.1% today but up 96.95% over 12 months, currently 19.7% below 52-week high and holding above 200-day MA (₹2235). Despite exceptional profitability—FY2026 net profit of ₹1332 Cr with 58% net margin and stellar ROE of 46.8%—valuation at P/E 53.67 (vs industry 77.15) and P/B 28.71 reflects premium pricing for a derivatives exchange with cyclical revenue. Recent quarters show strong earnings momentum (Mar 2026: ₹530 Cr NP), but technical setup deteriorated with RSI at 35 (weak) and trend bearish, signalling near-term profit-taking despite robust fundamentals.
- Exceptional profitability: FY2026 net profit ₹1,332 Cr with 58% net margin and 71% ROCE, signalling world-class capital efficiency and pricing power in derivatives exchange model.
- Strong cash generation: Operating cash flow ₹3,035 Cr (Mar 2026) far exceeds net profit, with minimal debt (D/E 0.00), providing fortress balance sheet and organic reinvestment capacity.
- Consistent earnings momentum: Four-quarter trend of rising EPS (₹7.74 → ₹20.78) and stable-to-expanding OPM (65–75%), driven by rising commodity trading volumes and fee income diversification.
- Cyclical revenue exposure: Derivatives exchange earnings highly dependent on commodity price volatility and trading volumes; slowdown in crude oil, metals, or agri-commodity volatility could compress revenues and margins by 20–30% within 1–2 quarters.
- Technical deterioration with valuation stretched: RSI at 35 (weak territory), bearish trend, and P/B ratio of 28.71 (premium relative to banking/finance peers at 3–8x) create near-term correction risk of 10–15% despite strong fundamentals; valuation multiple may not sustain if growth moderates.
AI-generated analysis for informational purposes only — not SEBI-registered investment advice.
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Frequently Asked Questions
What is Multi Commodity Exchange of India's current stock price?
Multi Commodity Exchange of India shares were last quoted at ₹3,357.30 (+1.2% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of Multi Commodity Exchange of India?
Multi Commodity Exchange of India has a price-to-earnings (P/E) ratio of 55.00 and a price-to-book (P/B) ratio of 26.00. The industry P/E is 50.58.
What is the 52-week high and low of Multi Commodity Exchange of India?
The 52-week high of Multi Commodity Exchange of India is ₹3,479.80 and the 52-week low is ₹1,545.65.
What is the market cap of Multi Commodity Exchange of India?
The market capitalisation of Multi Commodity Exchange of India is about ₹84,784.79 crore.
How did Multi Commodity Exchange of India perform in its latest quarterly results?
In the latest quarter (Jun 2026), Multi Commodity Exchange of India reported sales of ₹702.00 crore (+88.2%) and net profit of ₹413.00 crore (+103.4%), compared with the same quarter last year.
Is Multi Commodity Exchange of India a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, Multi Commodity Exchange of India has a 3-year ROE of 36.00%, 3-year profit growth of 108.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
Which sector does Multi Commodity Exchange of India belong to?
Multi Commodity Exchange of India belongs to the Finance - Stock Broking sector.