Multi Commodity Exchange of India Ltd.
NSE: MCX · Exchange and Data Platform
Snapshot
Unlock Multi Commodity Exchange of India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Multi Commodity Exchange of India Limited (MCX) is a premier commodity derivatives exchange that facilitates online trading, clearing, and settlement of commodity futures and options. The company offers a diverse range of products including bullion, base metals, energy, and agricultural commodities, supported by its proprietary iCOMDEX price indices.
Business Model
MCX generates revenue primarily through transaction fees charged on trades executed on its platform, alongside income from clearing and settlement services. Additionally, the company monetises its market data feed services and provides technology infrastructure to support commodity market participants.
- Incorporation Year:2002
Growth Outlook
Growth is driven by the increasing financialisation of commodities in India and the expansion of the exchange's product suite. Strategic alliances with international exchanges further enhance its global connectivity and market reach.
Key Risks
- Regulatory Risk. The exchange operates in a highly regulated environment where changes in SEBI policies or government commodity regulations can significantly impact trading volumes.
- Market Volatility. Revenue is sensitive to commodity price fluctuations and overall market sentiment, which directly influence trading activity and transaction fee income.
- Technological Risk. As an online trading platform, the company faces risks related to system outages, cyber-security threats, and the need for continuous infrastructure upgrades.
- Competition. The exchange faces potential competition from other financial exchanges and alternative investment platforms that may offer similar derivative products.
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Key Metrics
REVENUE
₹2,631 Cr
TTM · consolidated
NET PROFIT
₹1,542 Cr
TTM · consolidated
EPS
₹91.44
TTM · consolidated
RETURN ON EQUITY
65.2%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
54.2%
TTM · consolidated
P/E
35.0×
Q1 FY27 · consolidated
EV/EBITDA
41.8x
Q1 FY27 · consolidated
EBITDA MARGIN
77.6%
TTM · consolidated
NET PROFIT MARGIN
58.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Exchange and Data Platform
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Multi Commodity Exchange of India Ltd.MCX | ₹86,034 Cr | 35.0× | 41.76 | 110.2% | 77.6% | 65.2% | 54.2% | -59.9% |
National Stock Exchange of India LimitedNSE | ₹4.60L Cr | — | — | — | 68.0% | — | — | — |
BSE Ltd.BSE | ₹1.33L Cr | 44.3× | 34.06 | 63.7% | 71.1% | 50.9% | 53.4% | +46.3% |
Indian Energy Exchange Ltd.IEX | ₹10,090 Cr | 18.6× | 15.02 | 13.7% | 106.0% | 40.5% | 49.5% | -24.9% |
As of Q1 FY27
Financials
Multi Commodity Exchange of India Ltd.
NSE: MCX · Exchange and Data Platform
Snapshot
Unlock Multi Commodity Exchange of India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Multi Commodity Exchange of India Limited (MCX) is a premier commodity derivatives exchange that facilitates online trading, clearing, and settlement of commodity futures and options. The company offers a diverse range of products including bullion, base metals, energy, and agricultural commodities, supported by its proprietary iCOMDEX price indices.
Business Model
MCX generates revenue primarily through transaction fees charged on trades executed on its platform, alongside income from clearing and settlement services. Additionally, the company monetises its market data feed services and provides technology infrastructure to support commodity market participants.
- Incorporation Year:2002
Growth Outlook
Growth is driven by the increasing financialisation of commodities in India and the expansion of the exchange's product suite. Strategic alliances with international exchanges further enhance its global connectivity and market reach.
Key Risks
- Regulatory Risk. The exchange operates in a highly regulated environment where changes in SEBI policies or government commodity regulations can significantly impact trading volumes.
- Market Volatility. Revenue is sensitive to commodity price fluctuations and overall market sentiment, which directly influence trading activity and transaction fee income.
- Technological Risk. As an online trading platform, the company faces risks related to system outages, cyber-security threats, and the need for continuous infrastructure upgrades.
- Competition. The exchange faces potential competition from other financial exchanges and alternative investment platforms that may offer similar derivative products.
Start your research today
Unlock AI insights, financials, peers and live data on Multi Commodity Exchange of India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹2,631 Cr
TTM · consolidated
NET PROFIT
₹1,542 Cr
TTM · consolidated
EPS
₹91.44
TTM · consolidated
RETURN ON EQUITY
65.2%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
54.2%
TTM · consolidated
P/E
35.0x
Q1 FY27 · consolidated
EV/EBITDA
41.8x
Q1 FY27 · consolidated
EBITDA MARGIN
77.6%
TTM · consolidated
NET PROFIT MARGIN
58.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Exchange and Data Platform
As of Q1 FY27