Multi Commodity Exchange of India Limited operates as a commodity derivatives exchange in India.
Solid track record second-rate 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's share price has been volatile over the past 3 months.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
Return vs Industry: MCX exceeded the Indian Capital Markets industry which returned -38.3% over the past year.
Return vs Market: MCX exceeded the Indian Market which returned -30.7% over the past year.
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
2 weeks ago | Simply Wall StDo Institutions Own Multi Commodity Exchange of India Limited (NSE:MCX) Shares?
1 month ago | Simply Wall StHere's Why I Think Multi Commodity Exchange of India (NSE:MCX) Might Deserve Your Attention Today
2 months ago | Simply Wall StDon't Sell Multi Commodity Exchange of India Limited (NSE:MCX) Before You Read This
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 (₹986.9) is trading above our estimate of fair value (₹484.41)
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 (21.6x) compared to the Capital Markets industry average (9.2x).
PE vs Market: MCX is poor value based on its PE Ratio (21.6x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: MCX is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: MCX is overvalued based on its PB Ratio (3.1x) compared to the IN Capital Markets industry average (0.4x).
How is Multi Commodity Exchange of India forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCX's forecast earnings growth (9% per year) is above the savings rate (6.5%).
Earnings vs Market: MCX's earnings (9% per year) are forecast to grow slower than the Indian market (19.2% per year).
High Growth Earnings: MCX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MCX's revenue (9.8% per year) is forecast to grow faster than the Indian market (8.8% per year).
High Growth Revenue: MCX's revenue (9.8% 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 (18%).
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 (48.8%) are higher than last year (31.1%).
Past Earnings Growth Analysis
Earnings Trend: MCX's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: MCX's earnings growth over the past year (94.3%) exceeds its 5-year average (13.6% per year).
Earnings vs Industry: MCX earnings growth over the past year (94.3%) exceeded the Capital Markets industry -6.1%.
Return on Equity
High ROE: MCX's Return on Equity (14.3%) is considered low.
How is Multi Commodity Exchange of India's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: MCX has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MCX's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: MCX's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if MCX has a sufficient allowance for bad loans.
Low Risk Liabilities: MCX reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MCX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MCX has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MCX has an appropriate level of bad loans.
What is Multi Commodity Exchange of India's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCX's dividend (2.03%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: MCX's dividend (2.03%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).
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 has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.9%), MCX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCX's dividends in 3 years are forecast to be covered by earnings (63.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Padala Reddy (56yo)
Mr. Padala Subbi Reddy has been the Chief Executive Officer, Managing Director and Additional Director of Multi Commodity Exchange of India Limited since May 10, 2019. Mr. Reddy is a Managing Director & Ch ...
|Chief Information Officer||1.17yrs||no data||no data|
|Company Secretary & Compliance Officer||1.33yrs||₹6.53m||0.000020% ₹10.1k|
|MD, CEO & Additional Director||0.92yr||no data||no data|
|Vice President of Technology||1.25yrs||no data||no data|
|Head of Human Resources & Admin||3.25yrs||no data||no data|
|Head of Business Development & Marketing||1.75yrs||no data||no data|
|Head of Research||3.25yrs||no data||no data|
|Head of Base Metals||3.5yrs||no data||no data|
|Head of Corporate Office & Projects and Risk Officer||2yrs||no data||no data|
|Chief Regulatory Officer||no data||₹9.39m||no data|
Experienced Management: MCX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|MD, CEO & Additional Director||0.92yr||no data||no data|
|Shareholder Director||3.42yrs||₹1.66m||no data|
|Member of Advisory Board||11.08yrs||no data||no data|
|Member of the Advisory Board||no data||no data||no data|
|Public Interest Director||1.67yrs||₹840.00k||no data|
|Public Interest Director||0.58yr||₹1.11m||no data|
|Shareholder Director||3.83yrs||₹940.00k||no data|
|Shareholder Director||4.17yrs||₹480.00k||no data|
|Chairman of the Board||3.42yrs||₹2.09m||no data|
|Public Interest Director||2.5yrs||₹2.33m||no data|
Experienced Board: MCX's board of directors are considered experienced (3.4 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: ₹50.330b
- Shares outstanding: 51.00m
- Website: https://www.mcxindia.com
Number of Employees
- Multi Commodity Exchange of India Limited
- Exchange Square
- Suren Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|534091||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 2012|
|MCX||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Mar 2012|
Multi Commodity Exchange of India Limited operates as a commodity derivatives exchange in India. It offers online trading services, and clearing and settlement of commodity derivative transactions, as well as a platform for risk management services. The company also provides trading service in various commodity derivative contracts across segments, including bullion, industrial metals, energy, and agricultural commodities, as well as data feeds. In addition, it offers iCOMDEX, a real-time commodity futures price index, which gives information on market movements in key commodities, as well as MCXCOMDEX, MCXAgri, MCXEnergy, MCXMetal, and Rainfall Indices. The company has strategic alliances with various exchanges, such as Mozambique Commodities Exchange, Singapore Diamond Investment Exchange, CME Group, London Metal Exchange, Dalian Commodity Exchange, and Taiwan Futures Exchange. Multi Commodity Exchange of India Limited was incorporated in 2002 and is based in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 15:14|
|End of Day Share Price||2020/04/03 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.