Multi Commodity Exchange of India Limited, a commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India. More Details
Flawless balance sheet average dividend payer.
Share Price & News
How has Multi Commodity Exchange of India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCX is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MCX's weekly volatility (5%) has been stable over the past year.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
Return vs Industry: MCX underperformed the Indian Capital Markets industry which returned 53% over the past year.
Return vs Market: MCX underperformed the Indian Market which returned 51.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Multi Commodity Exchange of India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIf You Had Bought Multi Commodity Exchange of India (NSE:MCX) Shares Three Years Ago You'd Have Earned 115% Returns
2 months ago | Simply Wall StHow Many Multi Commodity Exchange of India Limited (NSE:MCX) Shares Do Institutions Own?
3 months ago | Simply Wall StIs Multi Commodity Exchange of India Limited (NSE:MCX) A Smart Choice For Dividend Investors?
Is Multi Commodity Exchange of India undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MCX (₹1635.1) is trading above our estimate of fair value (₹342.27)
Significantly Below Fair Value: MCX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MCX is poor value based on its PE Ratio (39.9x) compared to the Indian Capital Markets industry average (19.2x).
PE vs Market: MCX is poor value based on its PE Ratio (39.9x) compared to the Indian market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: MCX is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: MCX is overvalued based on its PB Ratio (4.4x) compared to the IN Capital Markets industry average (0.8x).
How is Multi Commodity Exchange of India forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCX's forecast earnings growth (18.8% per year) is above the savings rate (6.8%).
Earnings vs Market: MCX's earnings (18.8% per year) are forecast to grow slower than the Indian market (20.6% per year).
High Growth Earnings: MCX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MCX's revenue (8.5% per year) is forecast to grow slower than the Indian market (12.4% per year).
High Growth Revenue: MCX's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCX's Return on Equity is forecast to be low in 3 years time (16.9%).
How has Multi Commodity Exchange of India performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCX has high quality earnings.
Growing Profit Margin: MCX's current net profit margins (43.4%) are lower than last year (48.4%).
Past Earnings Growth Analysis
Earnings Trend: MCX's earnings have grown significantly by 23.5% per year over the past 5 years.
Accelerating Growth: MCX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MCX had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Capital Markets industry average (34.8%).
Return on Equity
High ROE: MCX's Return on Equity (11.1%) is considered low.
How is Multi Commodity Exchange of India's financial position?
Financial Position Analysis
Short Term Liabilities: MCX's short term assets (₹11.3B) exceed its short term liabilities (₹5.6B).
Long Term Liabilities: MCX's short term assets (₹11.3B) exceed its long term liabilities (₹575.9M).
Debt to Equity History and Analysis
Debt Level: MCX is debt free.
Reducing Debt: MCX has not had any debt for past 5 years.
Debt Coverage: MCX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MCX has no debt, therefore coverage of interest payments is not a concern.
What is Multi Commodity Exchange of India current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MCX's dividend (1.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).
High Dividend: MCX's dividend (1.69%) is in the top 25% of dividend payers in the Indian market (1.41%)
Stability and Growth of Payments
Stable Dividend: MCX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MCX's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.6%), MCX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCX's dividends in 3 years are forecast to be covered by earnings (64.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Subbi Reddy Padala (58 yo)
Mr. Subbi Reddy Venkatrama Padala has been the Chief Executive Officer, Managing Director and Additional Director of Multi Commodity Exchange of India Limited since May 10, 2019. He has been Director at Mu...
CEO Compensation Analysis
Compensation vs Market: Subbi Reddy's total compensation ($USD263.54K) is below average for companies of similar size in the Indian market ($USD383.46K).
Compensation vs Earnings: Insufficient data to compare Subbi Reddy's compensation with company performance.
Experienced Management: MCX's management team is considered experienced (2.4 years average tenure).
Experienced Board: MCX's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Multi Commodity Exchange of India Limited's company bio, employee growth, exchange listings and data sources
- Name: Multi Commodity Exchange of India Limited
- Ticker: MCX
- Exchange: NSEI
- Founded: 2002
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: ₹83.387b
- Shares outstanding: 51.00m
- Website: https://www.mcxindia.com
Number of Employees
- Multi Commodity Exchange of India Limited
- Exchange Square
- Suren Road
Multi Commodity Exchange of India Limited, a commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India. The company offers iCOMDEX, a real-time comm...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/28 17:12|
|End of Day Share Price||2021/07/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.