NSEI:MCX

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Multi Commodity Exchange of India

Market Cap

₹83.4b

Last Updated

2021/07/28 17:12 UTC

Data Sources

Company Financials +

Executive Summary

Multi Commodity Exchange of India Limited, a commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

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.


Market Performance


7 Day Return

-4.5%

MCX

-0.7%

IN Capital Markets

0.9%

IN Market


1 Year Return

-1.7%

MCX

53.0%

IN Capital Markets

51.8%

IN Market

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.


Shareholder returns

MCXIndustryMarket
7 Day-4.5%-0.7%0.9%
30 Day8.2%13.4%1.0%
90 Day6.7%31.0%11.0%
1 Year0.03%-1.7%55.6%53.0%53.9%51.8%
3 Year98.8%87.6%18.5%13.7%37.0%30.0%
5 Year73.2%60.0%92.1%82.2%82.4%67.2%

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

Valuation

Is Multi Commodity Exchange of India undervalued compared to its fair value and its price relative to the market?

39.9x

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).


Future Growth

How is Multi Commodity Exchange of India forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

18.8%

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%).


Past Performance

How has Multi Commodity Exchange of India performed over the past 5 years?

23.5%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Multi Commodity Exchange of India current dividend yield, its reliability and sustainability?

1.69%

Current Dividend Yield


Upcoming Dividend Payment

TodayJul 28 2021Ex Dividend DateAug 26 2021Dividend Pay DateOct 03 202138 days from Ex DividendBuy in the next 28 days to receive the upcoming dividend

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Subbi Reddy Padala (58 yo)

2.17yrs

Tenure

₹19,639,985

Compensation

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.


Leadership Team

Experienced Management: MCX's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: MCX's board of directors are considered experienced (3.8 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Multi Commodity Exchange of India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Multi Commodity Exchange of India Limited
  • Exchange Square
  • Suren Road
  • Mumbai
  • Maharashtra
  • 400093
  • India

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 17:12
End of Day Share Price2021/07/28 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.