Multi Commodity Exchange of India Limited

NSEI:MCX Stock Report

Market Cap: ₹468.9b

Multi Commodity Exchange of India Future Growth

Future criteria checks 4/6

Multi Commodity Exchange of India is forecast to grow earnings and revenue by 19.5% and 17.2% per annum respectively. EPS is expected to grow by 19.6% per annum. Return on equity is forecast to be 38.4% in 3 years.

Key information

19.5%

Earnings growth rate

19.57%

EPS growth rate

Capital Markets earnings growth16.3%
Revenue growth rate17.2%
Future return on equity38.35%
Analyst coverage

Good

Last updated16 Oct 2025

Recent future growth updates

Recent updates

Getting In Cheap On Multi Commodity Exchange of India Limited (NSE:MCX) Might Be Difficult

Sep 28
Getting In Cheap On Multi Commodity Exchange of India Limited (NSE:MCX) Might Be Difficult

Here's Why We Think Multi Commodity Exchange of India (NSE:MCX) Is Well Worth Watching

Sep 01
Here's Why We Think Multi Commodity Exchange of India (NSE:MCX) Is Well Worth Watching

Revenues Not Telling The Story For Multi Commodity Exchange of India Limited (NSE:MCX) After Shares Rise 28%

Jun 24
Revenues Not Telling The Story For Multi Commodity Exchange of India Limited (NSE:MCX) After Shares Rise 28%

The Price Is Right For Multi Commodity Exchange of India Limited (NSE:MCX)

May 09
The Price Is Right For Multi Commodity Exchange of India Limited (NSE:MCX)

Multi Commodity Exchange of India Limited's (NSE:MCX) Earnings Haven't Escaped The Attention Of Investors

Jan 07
Multi Commodity Exchange of India Limited's (NSE:MCX) Earnings Haven't Escaped The Attention Of Investors
User avatar

New Products And Technology Upgrades Set To Boost Trading Volumes And Revenue Growth

Expansion into new product offerings and reduction in transaction charges could boost trading volume and improve revenue and margins.

Upgrade: Analysts Just Made A Meaningful Increase To Their Multi Commodity Exchange of India Limited (NSE:MCX) Forecasts

Oct 23
Upgrade: Analysts Just Made A Meaningful Increase To Their Multi Commodity Exchange of India Limited (NSE:MCX) Forecasts

Earnings and Revenue Growth Forecasts

NSEI:MCX - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202822,87612,14614,286N/A3
3/31/202718,9269,92112,308N/A5
3/31/202615,7008,12614,095N/A6
6/30/202513,6156,523N/AN/AN/A
3/31/202511,9695,6008,5429,501N/A
12/31/202410,8135,125N/AN/AN/A
9/30/20249,6623,471-3,188-1,662N/A
6/30/20248,4591,744N/AN/AN/A
3/31/20247,5258312,9894,421N/A
12/31/20237,1137N/AN/AN/A
9/30/20236,65744811,77412,523N/A
6/30/20236,2931,272N/AN/AN/A
3/31/20235,7911,4907021,414N/A
12/31/20225,4271,801N/AN/AN/A
9/30/20224,8311,7577,0907,944N/A
6/30/20224,4241,451N/AN/AN/A
3/31/20224,2701,4353,0933,913N/A
12/31/20214,2001,454N/AN/AN/A
9/30/20214,4161,8277221,264N/A
6/30/20214,8062,086N/AN/AN/A
3/31/20214,9362,252-2,055-1,844N/A
12/31/20205,2102,523N/AN/AN/A
9/30/20205,0792,3601,5371,738N/A
6/30/20205,1502,492N/AN/AN/A
3/31/20205,0312,3654,2154,492N/A
12/31/20194,7532,320N/AN/AN/A
9/30/20194,7172,1841,8062,160N/A
6/30/20194,2401,826N/AN/AN/A
3/31/20193,9511,462N/A2,582N/A
12/31/20183,8421,194N/AN/AN/A
9/30/20183,516962N/AN/AN/A
6/30/20183,499894N/AN/AN/A
3/31/20183,5171,084N/A993N/A
12/31/20173,405960N/AN/AN/A
9/30/20173,6391,113N/AN/AN/A
6/30/20173,6971,200N/AN/AN/A
3/31/20173,7461,266N/A-321N/A
3/31/20163,4831,146N/A775N/A
3/31/20153,2541,258N/A696N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCX's forecast earnings growth (19.5% per year) is above the savings rate (6.8%).

Earnings vs Market: MCX's earnings (19.5% per year) are forecast to grow faster than the Indian market (16.2% per year).

High Growth Earnings: MCX's earnings are forecast to grow, but not significantly.

Revenue vs Market: MCX's revenue (17.2% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: MCX's revenue (17.2% 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 (38.4%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/21 11:25
End of Day Share Price 2025/10/21 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Multi Commodity Exchange of India Limited is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sanketh GodhaAvendus Spark
Vijayaraghavan SwaminathanAvendus Spark
Kashyap PujaraAxis Capital Limited