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

Multi Commodity Exchange of India Limited (NSE:MCX) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's statutory forecasts. The analysts have sharply increased their revenue numbers, with a view that Multi Commodity Exchange of India will make substantially more sales than they'd previously expected. The market seems to be pricing in some improvement in the business too, with the stock up 8.8% over the past week, closing at ₹3,654. Could this big upgrade push the stock even higher?

Following the upgrade, the latest consensus from Multi Commodity Exchange of India's seven analysts is for revenues of ₹8.9b in 2025, which would reflect a substantial 25% improvement in sales compared to the last 12 months. Per-share earnings are expected to leap 67,337% to ₹91.24. Before this latest update, the analysts had been forecasting revenues of ₹8.0b and earnings per share (EPS) of ₹84.47 in 2025. Sentiment certainly seems to have improved in recent times, with a solid increase in revenue and a small increase to earnings per share estimates.

Check out our latest analysis for Multi Commodity Exchange of India

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Multi Commodity Exchange of India's growth to accelerate, with the forecast 20% annualised growth to the end of 2025 ranking favourably alongside historical growth of 7.9% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 14% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Multi Commodity Exchange of India to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for next year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Multi Commodity Exchange of India.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Multi Commodity Exchange of India analysts - going out to 2026, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.