Multi Commodity Exchange of India Future Growth

Future criteria checks 5/6

Multi Commodity Exchange of India is forecast to grow earnings and revenue by 38% and 15.1% per annum respectively. EPS is expected to grow by 38.7% per annum. Return on equity is forecast to be 26.5% in 3 years.

Key information

38.0%

Earnings growth rate

38.7%

EPS growth rate

Capital Markets earnings growth	11.8%
Revenue growth rate	15.1%
Future return on equity	26.5%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

Recent updates

Need To Know: Analysts Are Much More Bullish On Multi Commodity Exchange of India Limited (NSE:MCX) Revenues

Feb 22

Multi Commodity Exchange of India's (NSE:MCX) Upcoming Dividend Will Be Larger Than Last Year's

Sep 14

Multi Commodity Exchange of India's (NSE:MCX) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 31

Multi Commodity Exchange of India (NSE:MCX) Has Announced That It Will Be Increasing Its Dividend To ₹19.09

Aug 17

Multi Commodity Exchange of India (NSE:MCX) Has Announced That It Will Be Increasing Its Dividend To ₹19.09

Aug 03

Why We Think Multi Commodity Exchange of India Limited's (NSE:MCX) CEO Compensation Is Not Excessive At All

Sep 20

Multi Commodity Exchange of India's (NSE:MCX) Shareholders Will Receive A Smaller Dividend Than Last Year

Aug 25

Multi Commodity Exchange of India (NSE:MCX) Has Announced That Its Dividend Will Be Reduced To ₹27.60

Aug 11

Multi Commodity Exchange of India (NSE:MCX) Has Announced That Its Dividend Will Be Reduced To ₹27.60

Jul 28

Is Multi Commodity Exchange of India Limited (NSE:MCX) A Smart Choice For Dividend Investors?

Mar 29

Do Multi Commodity Exchange of India's (NSE:MCX) Earnings Warrant Your Attention?

Mar 07

What Kind Of Investors Own Most Of Multi Commodity Exchange of India Limited (NSE:MCX)?

Feb 07

Is Multi Commodity Exchange of India's (NSE:MCX) 102% Share Price Increase Well Justified?

Jan 17

Three Things You Should Check Before Buying Multi Commodity Exchange of India Limited (NSE:MCX) For Its Dividend

Dec 27

Is Now The Time To Put Multi Commodity Exchange of India (NSE:MCX) On Your Watchlist?

Dec 06

Earnings and Revenue Growth Forecasts

NSEI:MCX - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	12,200	6,395	N/A	N/A	1
3/31/2026	11,091	5,770	6,624	6,637	7
3/31/2025	9,211	4,637	6,031	5,810	6
3/31/2024	7,589	831	3,777	5,209	N/A
12/31/2023	7,113	7	N/A	N/A	N/A
9/30/2023	6,657	448	11,774	12,523	N/A
6/30/2023	6,293	1,272	N/A	N/A	N/A
3/31/2023	5,791	1,490	702	1,414	N/A
12/31/2022	5,427	1,801	N/A	N/A	N/A
9/30/2022	4,831	1,757	7,090	7,944	N/A
6/30/2022	4,424	1,451	N/A	N/A	N/A
3/31/2022	4,270	1,435	3,093	3,913	N/A
12/31/2021	4,200	1,454	N/A	N/A	N/A
9/30/2021	4,416	1,827	722	1,264	N/A
6/30/2021	4,806	2,086	N/A	N/A	N/A
3/31/2021	4,936	2,252	-2,055	-1,844	N/A
12/31/2020	5,210	2,523	N/A	N/A	N/A
9/30/2020	5,079	2,360	1,537	1,738	N/A
6/30/2020	5,150	2,492	N/A	N/A	N/A
3/31/2020	5,031	2,365	4,215	4,492	N/A
12/31/2019	4,753	2,320	N/A	N/A	N/A
9/30/2019	4,717	2,184	1,806	2,160	N/A
6/30/2019	4,240	1,826	N/A	N/A	N/A
3/31/2019	3,951	1,462	2,311	2,582	N/A
12/31/2018	3,842	1,194	N/A	N/A	N/A
9/30/2018	3,516	962	N/A	N/A	N/A
6/30/2018	3,499	894	N/A	N/A	N/A
3/31/2018	3,517	1,084	727	993	N/A
12/31/2017	3,405	960	N/A	N/A	N/A
9/30/2017	3,639	1,113	N/A	N/A	N/A
6/30/2017	3,697	1,200	N/A	N/A	N/A
3/31/2017	3,746	1,266	N/A	-321	N/A
3/31/2016	3,483	1,146	N/A	775	N/A
3/31/2015	3,254	1,258	N/A	696	N/A
3/31/2014	4,353	1,532	N/A	257	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCX's forecast earnings growth (38% per year) is above the savings rate (6.7%).

Earnings vs Market: MCX's earnings (38% per year) are forecast to grow faster than the Indian market (17.6% per year).

High Growth Earnings: MCX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MCX's revenue (15.1% per year) is forecast to grow faster than the Indian market (10% per year).

High Growth Revenue: MCX's revenue (15.1% 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 high in 3 years time (26.5%)

Multi Commodity Exchange of India Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 11%

Price target increased by 22% to ₹3,410

Price target increased by 10% to ₹2,800

Consensus EPS estimates increase by 13%, revenue downgraded

Price target increased by 7.1% to ₹1,866

Consensus EPS estimates increase by 11%

Recent updates

Full year 2024 earnings: EPS and revenues miss analyst expectations

Multi Commodity Exchange of India Limited to Report Q4, 2024 Results on Apr 23, 2024

Need To Know: Analysts Are Much More Bullish On Multi Commodity Exchange of India Limited (NSE:MCX) Revenues

Consensus revenue estimates increase by 11%

Price target increased by 22% to ₹3,410

Third quarter 2024 earnings released: ₹1.05 loss per share (vs ₹7.62 profit in 3Q 2023)

Multi Commodity Exchange of India Limited to Report Q3, 2024 Results on Feb 10, 2024

Price target increased by 10% to ₹2,800

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase by 13%, revenue downgraded

Multi Commodity Exchange of India Limited Announces Executive Changes

Multi Commodity Exchange of India Limited to Report Q2, 2024 Results on Nov 08, 2023

Price target increased by 7.1% to ₹1,866

Consensus EPS estimates increase by 11%

Price target increased by 9.1% to ₹1,811

Multi Commodity Exchange of India Limited Appoints Suparna Tandon as Shareholder Director/Non-Independent Director

Multi Commodity Exchange of India's (NSE:MCX) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of ₹19.09 per share at 1.1% yield

Multi Commodity Exchange of India's (NSE:MCX) Shareholders Will Receive A Bigger Dividend Than Last Year

Multi Commodity Exchange of India (NSE:MCX) Has Announced That It Will Be Increasing Its Dividend To ₹19.09

Multi Commodity Exchange of India Limited Announces Resignation of Ved Prakash Chaturvedi as Non-Executive- Independent Director/Public Interest Director

Consensus EPS estimates fall by 47%, revenue upgraded

Multi Commodity Exchange of India (NSE:MCX) Has Announced That It Will Be Increasing Its Dividend To ₹19.09

New minor risk - Profit margin trend

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Multi Commodity Exchange of India Limited, Annual General Meeting, Sep 26, 2023

Multi Commodity Exchange of India Limited to Report Q1, 2024 Results on Jul 29, 2023

Consensus EPS estimates fall by 35%, revenue upgraded

Multi Commodity Exchange of India Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Full year 2023 earnings released: EPS: ₹29.27 (vs ₹28.18 in FY 2022)

Multi Commodity Exchange of India Limited to Report Q4, 2023 Results on May 20, 2023

Price target decreased by 7.1% to ₹1,609

Consensus EPS estimates fall by 25%, revenue upgraded

Third quarter 2023 earnings released: EPS: ₹7.62 (vs ₹6.77 in 3Q 2022)

Multi Commodity Exchange of India Limited to Report Q3, 2023 Results on Feb 04, 2023

Multi Commodity Exchange of India Limited Appoints Ms. Manisha Thakur as of Company Secretary and Compliance Officer

Multi Commodity Exchange of India Limited Announces Retirement of Ajay Puri as the Company Secretary and Compliance Officer

Multi Commodity Exchange of India Limited Appoints Mr. Arvind Kathpalia as A Shareholder Director

Less than half of directors are independent

Multi Commodity Exchange of India Limited Appoints Mr. Harsh Kumar Bhanwala as Chairperson of the Governing Board

Second quarter 2023 earnings released: EPS: ₹12.43 (vs ₹6.42 in 2Q 2022)

Multi Commodity Exchange of India Limited to Report Q2, 2023 Results on Oct 22, 2022

Multi Commodity Exchange of India Limited Proposes Dividend for the Financial Year Ended 31 March 2022

Less than half of directors are independent

Why We Think Multi Commodity Exchange of India Limited's (NSE:MCX) CEO Compensation Is Not Excessive At All

Multi Commodity Exchange of India Limited Announces Change in Directorate

Upcoming dividend of ₹17.40 per share

Multi Commodity Exchange of India Limited, Annual General Meeting, Sep 27, 2022

First quarter 2023 earnings released: EPS: ₹8.14 (vs ₹7.82 in 1Q 2022)

Multi Commodity Exchange of India Limited to Report Q1, 2023 Results on Jul 30, 2022

Multi Commodity Exchange of India Limited Announces Cessation of Mr. Saurabh Chandra as Public Interest Director and Chairman

Multi Commodity Exchange of India Ltd. Announces Resignation of Sanjay Golecha as Chief Regulatory Officer

Price target decreased to ₹1,601

Multi Commodity Exchange of India Limited Recommends Final Dividend for the Financial Year 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Multi Commodity Exchange of India Limited to Report Q4, 2022 Results on May 16, 2022

High number of new directors

Consensus EPS estimates fall by 11%

Closure of Arbitration Matter Between Multi Commodity Exchange of India Limited and PESB Limited

Second quarter 2022 earnings released: EPS ₹6.42 (vs ₹11.50 in 2Q 2021)

Investor sentiment improved over the past week

High number of new directors

Multi Commodity Exchange of India's (NSE:MCX) Shareholders Will Receive A Smaller Dividend Than Last Year

Upcoming dividend of ₹27.60 per share

Shareholder Director Amit Goela has left the company

Multi Commodity Exchange of India (NSE:MCX) Has Announced That Its Dividend Will Be Reduced To ₹27.60

Independent Public Interest Director Deepali Joshi has left the company

Multi Commodity Exchange of India (NSE:MCX) Has Announced That Its Dividend Will Be Reduced To ₹27.60

First quarter 2022 earnings released