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

Multi Commodity Exchange of India Limited (NSE:MCX) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

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Following the upgrade, the most recent consensus for Multi Commodity Exchange of India from its eight analysts is for revenues of ₹17b in 2026 which, if met, would be a decent 18% increase on its sales over the past 12 months. Per-share earnings are expected to surge 41% to ₹193. Before this latest update, the analysts had been forecasting revenues of ₹16b and earnings per share (EPS) of ₹162 in 2026. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a decent improvement in earnings per share in particular.

See our latest analysis for Multi Commodity Exchange of India

It will come as no surprise to learn that the analysts have increased their price target for Multi Commodity Exchange of India 14% to ₹9,687 on the back of these upgrades.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Multi Commodity Exchange of India's rate of growth is expected to accelerate meaningfully, with the forecast 40% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 25% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Multi Commodity Exchange of India is expected to grow much faster than its 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 this year. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Multi Commodity Exchange of India.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Multi Commodity Exchange of India going out to 2028, 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 with high insider ownership.

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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.