Loading...
Back to narrative

MCX Will Balance Upcoming Contract Launches With Improved Profit Margins

Indian Commodity Markets Will Gain From Global Index Inclusion And New Contracts

MCX logo
MCX
AnalystConsensusTarget
Not Invested
Published 21 Dec 2024

Update shared on 10 Nov 2025

Fair value Increased 3.24%
PreviousNext
n/a
n/a
AnalystConsensusTarget's Fair Value
n/a
Loading
1Y
54.7%
7D
-1.8%

Narrative Update on Multi Commodity Exchange of India: Analyst Price Target Revised

Analysts have raised their price target for Multi Commodity Exchange of India from ₹8,493.38 to ₹8,768.38, citing slightly stronger estimated profit margins, even though the forecast for revenue growth is modestly lower.

What's in the News

  • Launch of monthly Options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX) is scheduled to begin on October 27, 2025. This aims to offer diversified exposure to the Gold and Silver segments (Key Developments).
  • A Board Meeting is scheduled for November 6, 2025, to consider and approve Un-audited Financial Results for the quarter and half year ended September 30, 2025 (Key Developments).
  • MCX has been added to the FTSE All-World Index (USD), which increases its international index representation (Key Developments).
  • The launch of a Nickel futures contract will take effect on August 18, 2025, introducing new risk management options for industries that rely on Nickel (Key Developments).
  • Shareholders have proposed a dividend of INR 30 per Equity Share for the financial year ended March 31, 2025 (Key Developments).

Valuation Changes

  • Consensus Analyst Price Target has risen slightly from ₹8,493.38 to ₹8,768.38.
  • Discount Rate has decreased marginally from 14.77% to 14.67%.
  • Revenue Growth forecast has fallen moderately from 20.29% to 19.46%.
  • Net Profit Margin is projected to improve from 52.75% to 53.60%.
  • Future P/E ratio has declined from 51.36x to 50.25x. This points to mildly lower valuation multiples.

Have other thoughts on Multi Commodity Exchange of India?

Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.

Create Narrative

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.