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Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited

MCX Share Price

NSE
3,173.503.13% (-102.50)
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With a market cap of ₹83,378 cr, stock is ranked 134

Stock is 2.95x as volatile as Nifty

MCX Stock Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

High

Strong financials and growth story over the years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹83,378 cr, stock is ranked 134

Stock is 2.95x as volatile as Nifty

MCX Performance & Key Metrics

MCX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
54.0829.280.24%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
16.182.081.34%

MCX Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
87%
Analysts have suggested that investors can buy this stock

from 15 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MCX Company Profile

Multi Commodity Exchange of India Limited (MCX) operates an electronic commodity futures exchange.

PE Ratio
55.20
55.20
1Y Return
56.46%
56.46%
Buy Reco %
43.75
43.75
PE Ratio
44.85
44.85
1Y Return
6.77%
6.77%
Buy Reco %
100.00
100.00
PE Ratio
62.31
62.31
1Y Return
11.22%
11.22%
Buy Reco %
54.55
54.55
PE Ratio
42.28
42.28
1Y Return
37.87%
37.87%
Buy Reco %
50.00
50.00
PE Ratio
29.04
29.04
1Y Return
0.46%
0.46%
Buy Reco %
100.00
100.00
Compare with Peers

MCX Sentiment Analysis

MCX Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MCX Stock Summary · August 2026

Management struck an upbeat but measured tone, saying Q1 FY27 delivered strong operational and financial performance even against an exceptionally strong prior quarter, with broad-based year-on-year growth across income, revenue, EBITDA and PAT. Turnover momentum was a key focus: average daily turnover has risen from about INR3 lakh crores in Q1 last year to INR10.5 lakh crores more recently, supported by deeper client participation, improving liquidity and higher futures and options activity, while the traded client base roughly doubled. Management also pointed to product and ecosystem expansion, including the rapid launch of the Silver 100 Grams contract, wider use of MCX bullion prices by 50-plus AMCs, expanded Good Delivery standards and additions to domestic refining participation. Energy products were described as still early but encouraging, with solid traction in power futures and coal exchange steps underway, and technology was highlighted as a growth enabler as the platform crossed 3 billion transactions a day. Near term, management said traded UCCs should be higher than last year’s 20 lakh, while noting the RBI bank guarantee change and rising competitive intensity warrant monitoring but have not materially affected core volumes so far.

MCX Stock Growth Drivers
MCX Stock Growth Drivers
8
  • Strong Financial and Operating Performance

    MCX delivered a very strong start to FY27, with broad-based year-on-year growth across key financial

  • Deepening Market Liquidity and Participation

    Trading activity remained exceptionally strong, showing that the platform is benefiting from broader adoption and

MCX Stock Challenges
MCX Stock Challenges
3
  • Regulatory Overhang in Commodity Segment

    Key regulatory issues in the commodity business remain unresolved, creating an ongoing compliance and operational

  • Bullion Segment Softness from Lower Volatility

    Bullion activity has weakened in the near term as lower volatility in gold and silver

MCX Forecast

MCX Forecasts

Price

Revenue

Earnings

MCX

MCX

Income

Balance Sheet

Cash Flow

MCX Income Statement

MCX Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue201.35253.54311.26324.90321.26405.82400.79697.11925.33752.01
Operating & Other expensessubtract79.12101.81106.14108.26131.15132.05132.10171.92224.25208.02
Depreciation/Amortizationsubtract13.7813.4314.0314.6021.6917.3019.7521.9119.0820.70
Interest & Other Itemssubtract0.060.050.100.170.130.060.060.030.210.16
Taxes & Other Itemssubtract20.5227.3337.3741.8332.8353.2251.41102.13152.02109.69
EPS3.454.356.026.285.317.977.7415.7320.7816.21

MCX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF
FY 2025FY 2025

Annual report

PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
 

MCX Stock Peers

MCX Past Performance & Peer Comparison

MCX Past Performance & Peer Comparison

Comparing 3 stocks from 
FinancialsStock Exchanges & Ratings

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Multi Commodity Exchange of India Limited62.6229.280.24%
BSE Ltd55.2020.280.30%
CRISIL Ltd44.8511.331.28%
Central Depository Services (India) Ltd62.3114.200.94%

MCX Stock Price Comparison

Compare MCX with any stock or ETF
Compare MCX with any stock or ETF
MCX
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MCX Holdings

MCX Shareholdings

MCX Promoter Holdings Trend

MCX Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

MCX Institutional Holdings Trend

MCX Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 3.77%

Tickertape Separator

MCX Shareholding Pattern

MCX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%30.07%20.74%29.84%19.34%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

MCX Shareholding History

MCX Shareholding History

MarJunSepDec '25MarJun21.81%21.69%19.00%20.64%26.08%29.84%

Mutual Funds Invested in MCX

Mutual Funds Invested in MCX

No mutual funds holding trends are available

Top 5 Mutual Funds holding Multi Commodity Exchange of India Limited




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.7609%3.43%-0.05%13/33 (0)
1.7534%2.80%0.60%3/104 (+45)
1.2114%3.01%1.55%81/156 (+7)

Compare 3-month MF holding change on Screener

MCX Insider Trades & Bulk Stock Deals

MCX Insider Trades & Bulk Stock Deals

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smallcases containing MCX stock

smallcases containing MCX stock

Looks like this stock is not in any smallcase yet.

MCX Events

MCX Events

MCX Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MCX has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.25%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.52 every year

Dividends

Corp. Actions

Announcements

Legal Orders

MCX Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MCX has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.25%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.52 every year

MCX Upcoming Dividends

MCX Upcoming Dividends

No upcoming dividends are available

MCX Past Dividends

MCX Past Dividends

Cash Dividend

Ex DateEx DateAug 28, 2026

Final
Final | Div/Share: ₹8.00

Dividend/Share

8.00

Ex DateEx Date

Aug 28, 2026

Cash Dividend

Ex DateEx DateAug 8, 2025

Final
Final | Div/Share: ₹30.00

Dividend/Share

30.00

Ex DateEx Date

Aug 8, 2025

Cash Dividend

Ex DateEx DateSep 19, 2024

Final
Final | Div/Share: ₹7.64

Dividend/Share

7.64

Ex DateEx Date

Sep 19, 2024

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹19.09

Dividend/Share

19.09

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateSep 19, 2022

Final
Final | Div/Share: ₹17.40

Dividend/Share

17.40

Ex DateEx Date

Sep 19, 2022

MCX Stock News & Opinions

MCX Stock News & Opinions

Corporate
Corporate
MCX reports Rs 752 crore total income, an 85% year-on-year increase, for Q2 2026

The Multi Commodity Exchange of India Limited (MCX) reported a total income of Rs 752 crore, an 85% year-on-year increase, and a profit after tax of Rs 413 crore, a 103% increase, for the quarter ended June 30, 2026, according to unaudited financial results. The company’s revenue from operations stood at Rs 702 crore, registering a growth of approximately 88% over the same quarter last year, while EBITDA increased by 98% to Rs 544 crore. MCX also reported Futures & Options Average Daily Turnover of Rs 10.5 lakh crore, up 238% year-on-year, and total traded clients of 13.72 lakhs.

1 month agoCapital Market - Live
Earnings
Earnings
Multi Commodity Exchange of India Ltd consolidated sales down 21.03% on year in Q2FY2026, net profit witnessed a sharp fall of 21.96%

Multi Commodity Exchange of India Ltd share price gained 1.82% to Rs 2685.0. The Company's net profit tanked by 21.96% to Rs 413.44 crore, while revenue from operations dropped sharply 21.03% to Rs 702.0 crore in Q2FY26 over Q1FY26. The market capitalization of Exchange and Data Platform industry group stocks on BSE stood at Rs 87387.07 crore, declining 7.65%. It has slipped by 1.21% over last one week and slid back by 8.49% in last one month while the market capitalization of Multi Commodity Exchange of India Ltd has eased by 1.01% and 9.69% in the same period respectively. Profit before tax (PBT) of Multi Commodity Exchange of India Ltd stood at Rs 523.13 crore in Q2 FY26, expanding by 104.02% year-on-year, and plunging by 23.27% quarter-on-quarter. EBITDA came in at Rs 444 crore, jumping 112.48% YoY and nosediving by 29.46% sequentially. Total expenses slightly declined by 5.44% to Rs 228.72 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 57.45 crore, witnessing a strong rise of 24.73% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 62.78% to Rs 1112.66 crore, while net profit surged by 573.85% to Rs 560.04 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 1574% to Rs 569.11 crore, and PBT soared 585.82% to Rs 699.4 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 950.13 crore in FY26, as against Rs 442.12 crore in FY25. Multi Commodity Exchange of India Ltd soared by 65.22% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.94% during the same period.

1 month agoCapital Market - Live
Corporate
Corporate
Multi Commodity Exchange of India to hold board meeting

Multi Commodity Exchange of India will hold a meeting of the Board of Directors of the Company on 4 August 2026.

1 month agoCapital Market - Live
Corporate
Corporate
MCX launches Silver 100g Futures contract

Multi Commodity Exchange of India announced the launch of the ''Silver 100'' futures contract for commencement of trading from today. Commenting on the launch, Praveena Rai, Managing Director & CEO, MCX, said: The Silver 100 Futures contract helps businesses in India's silver industry protect themselves against price volatility. Local jewellery businesses can now hedge or take delivery in quantities that are better aligned with their inventory needs. This reduces the need to commit larger amounts of capital or take exposure beyond actual business requirements. The contract will also help retail participants to invest in silver in smaller quantities over time, while trading through a secure regulated exchange framework.'' Key features of the Silver 100g Futures contract include: Effective for Hedging/Investment for jewelers, SME and retail investors Flexibility driven by liquidity and smaller denomination If delivery is taken at expiry of futures: Ease of delivery '' '' Transparent making charge Quality assured product MCX Silver Futures and Options are ranked 2nd respectively (FIA report 2025). Silver Futures and Options average daily turnover was seen at Rs. 21,648 crores and Rs. 74,883 crores respectively (FY 26). Within the Silver Futures, the Exchange has 30 kg, 5 kg, 1 kg contracts and in Options, Exchange has 5 kg, 30 kg monthly contracts, all of them with good liquidity for market trading.

3 months agoCapital Market - Live
Spotlight
Spotlight
MCX gains as Q4 PAT zooms 291% YoY to Rs 530 crore

Revenue from operations jumped 205% YoY to Rs 889 crore for the quarter ended 31 March 2026. Profit before tax stood at Rs 682 crore in Q4 FY26, registering a growth of 305% on a YoY basis. EBITDA increased 271% YoY to Rs 703 crore during the quarter. Average daily turnover (ADT) in the futures and options (F&O) segment rose to Rs 5,40,000 crore. Total expenses rose 58.27% YoY to Rs 242.10 crore in the March 2026 quarter. Employee benefits expense stood at Rs 46.06 crore (down 0.43% YoY), while finance costs jumped 61.53% YoY to Rs 0.21 crore during the period under review. Praveena Rai, Managing Director & CEO, MCX said, Our operating revenue more than doubled, growing by 113% YoY, reflecting our focused strategy, strong execution, increased participation, across all segments, new members & new products. To strengthen the Commodity Derivatives ecosystem, we initiated a focused drive - 'Price in India : Hedge in India' to promote and deepen hedging participation in India. Institutional and retail investors have also increasingly embraced the commodity asset class, leading to broader and deeper market participation. Going forward, our focus remains on sustainable growth, diversification of participation, products; further strengthening technology and risk frameworks, and continued enhancement of shareholder value' The board has recommended a final dividend of Rs 8 per equity share of face value Rs 2 each for FY26. MCX is India's largest commodity derivatives exchange, with around 98% market share in commodity futures. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. Powered by Capital Market - Live

4 months agoCapital Market - Live
Spotlight
Spotlight
MCX Q4 PAT zooms 291% YoY to Rs 530 crore

Revenue from operations jumped 205% YoY to Rs 889 crore for the quarter ended 31 March 2026. Profit before tax stood at Rs 682 crore in Q4 FY26, registering a growth of 305% on a YoY basis. EBITDA increased 271% YoY to Rs 703 crore during the quarter. Average daily turnover (ADT) in the futures and options (F&O) segment rose to Rs 5,40,000 crore. Total expenses rose 58.27% YoY to Rs 242.10 crore in the March 2026 quarter. Employee benefits expense stood at Rs 46.06 crore (down 0.43% YoY), while finance costs jumped 61.53% YoY to Rs 0.21 crore during the period under review. Praveena Rai, Managing Director & CEO, MCX said, Our operating revenue more than doubled, growing by 113% YoY, reflecting our focused strategy, strong execution, increased participation, across all segments, new members & new products. To strengthen the Commodity Derivatives ecosystem, we initiated a focused drive - 'Price in India : Hedge in India' to promote and deepen hedging participation in India. Institutional and retail investors have also increasingly embraced the commodity asset class, leading to broader and deeper market participation. Going forward, our focus remains on sustainable growth, diversification of participation, products; further strengthening technology and risk frameworks, and continued enhancement of shareholder value' The board has recommended a final dividend of Rs 8 per equity share of face value Rs 2 each for FY26. MCX is India's largest commodity derivatives exchange, with around 98% market share in commodity futures. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. Shares of Multi Commodity Exchange of India rose 1.74% to end at Rs 3,097.15 on the BSE. Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Corporate
Board of Multi Commodity Exchange of India recommends final dividend

Multi Commodity Exchange of India announced that the Board of Directors of the Company at its meeting held on 8 May 2026, inter alia, have recommended the final dividend of Rs 8 per equity Share (i.e. 400%) , subject to the approval of the shareholders.

4 months agoCapital Market - Live
Earnings
Earnings
Multi Commodity Exchange of India consolidated net profit rises 291.09% in the March 2026 quarter

Net profit of Multi Commodity Exchange of India rose 291.09% to Rs 529.77 crore in the quarter ended March 2026 as against Rs 135.46 crore during the previous quarter ended March 2025. Sales rose 205.13% to Rs 888.94 crore in the quarter ended March 2026 as against Rs 291.33 crore during the previous quarter ended March 2025. For the full year,net profit rose 137.76% to Rs 1331.55 crore in the year ended March 2026 as against Rs 560.04 crore during the previous year ended March 2025. Sales rose 106.89% to Rs 2302.00 crore in the year ended March 2026 as against Rs 1112.66 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales888.94291.33 205 2302.001112.66 107 OPM %74.7754.98 -71.3259.79 - PBDT700.87189.98 269 1768.37763.15 132 PBT681.79168.29 305 1690.33699.40 142 NP529.77135.46 291 1331.55560.04 138 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Corporate
MCX receives SEBI approval for incorporation of coal exchange company

Multi Commodity Exchange of India (MCX) announced that it has received approval from the Securities and Exchange Board of India (SEBI) to invest in a proposed Coal Exchange company. This marks MCX's significant commitment into the energy sector and deepening commodity ecosystem. With highly liquid derivatives contracts on crude oil, natural gas and the launch last year of its electricity futures contract, the foray into coal via the new entity, will make MCX's energy presence comprehensive. It is aimed at developing a regulated, transparent, technology-driven market platform for buying and selling coal that facilitates an efficient and robust price discovery for coal in the country. Pursuant to SEBI's approval granted on 17 April 2026, MCX plans to incorporate a new subsidiary, likely to be named 'MCX Coal Exchange' or 'MCX Coal Exchange of India.'

4 months agoCapital Market - Live
Spotlight
Spotlight
MCX gains after SEBI nod to invest in proposed coal exchange; to set up subsidiary

The exchange plans to incorporate a wholly owned subsidiary, likely to be named MCX Coal Exchange or MCX Coal Exchange of India, following SEBI's approval granted on 17 April 2026. The proposed entity will focus on developing a regulated, transparent and technology-driven platform for buying and selling coal, aimed at enabling efficient price discovery in the domestic market. MCX said it will initially hold a 100% stake in the subsidiary, with the option to induct strategic partners at a later stage. The company has committed to invest up to Rs 100 crore to meet the minimum net worth requirements outlined in the draft Coal Exchange Rules. The platform is expected to offer a standardized digital marketplace for physical delivery of coal at market-driven prices. With existing derivatives contracts in crude oil, natural gas and electricity futures, the move is expected to strengthen MCX's presence in the energy segment and broaden its commodity offerings. The newly incorporated subsidiary will apply to the Coal Controller Organisation of India for necessary approvals as and when the regulatory framework is notified. MCX is India's largest commodity derivatives exchange, with around 98% market share in commodity futures. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. The company reported 150.63% year-on-year (YoY) surge in consolidated net profit to Rs 401.12 crore in Q3 FY26, compared with Rs 160.04 crore in Q3 FY25. Income from operations jumped 120.85% YoY to Rs 665.62 crore for the quarter ended 31 December 2025.

4 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. The share price of MCX as on 15th September 2026 is ₹3173.50. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Multi Commodity Exchange of India Limited (MCX) share are
    • Past 1 week: 2.77%
    • Past 1 month: 17.86%
    • Past 3 months: 17.89%
    • Past 6 months: 29.40%
    • Past 1 year: 116.37%
    • Past 3 years: 816.70%
    • Past 5 years: 905.34%

  3. The current dividend yield of Multi Commodity Exchange of India Limited (MCX) is 0.24.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Multi Commodity Exchange of India Limited (MCX) is ₹83378.82 Cr as of 15th September 2026.

  5. The 52-week high of Multi Commodity Exchange of India Limited (MCX) is ₹3480 and the 52-week low is ₹1505.20.

  6. The P/E (price-to-earnings) ratio of Multi Commodity Exchange of India Limited (MCX) is 62.62. The P/B (price-to-book) ratio is 29.28.

  7. Multi Commodity Exchange of India Limited (MCX) belongs to the Financials sector & Stock Exchanges & Ratings sub-sector.

  8. You can directly buy Multi Commodity Exchange of India Limited (MCX) shares on Tickertape. Simply sign up, connect your demat account and place your order.