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Multi Commodity Exchange of India Ltd share Price Today

Company details

3,713.30
3,913.30
1,285.05
4,072.60
6M Return 73.52%
1Y Return 162.54%
Mkt Cap.(Cr) 19,580.43
Volume 3,552,250
Div Yield 0.20%
OI
-
OI Chg %
-
Volume 3,552,250

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Incur '0' Brokerage upto ₹500
Options traction positive; migration on time by June 2023
About The Stock

    MCX is the leader in commodity derivatives exchanges in India with ~96.8% market share in terms of commodity futures turnover.

    • It has ~100% market share in precious metals, base metals and energy
    • Presence in various commodities offers healthy diversification
Q4FY23

    Anticipated elevated software expenses marred earnings.

    • Average daily futures turnover (ADTO) declined ~22% YoY to ₹ 20632 crore due to a decline in base metals volume
    • Option ADTO was healthy at ₹ 45710 crore, up ~3x YoY, 16% QoQ
    • Operational revenue declined 6.8% QoQ; other income was flat QoQ
    • Earnings at ₹ 5.4 crore; down 85.1%, due to elevated software related expenses

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Research view on more stocks

Multi Commodity Exchange of India announced Q4F24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Income: The total income for the quarter ending March 31, 2024, rose by 29.66% YoY to Rs 199.45 crore, although it experienced a slight decrement of 4.69% from the previous quarter.
  • EBITDA: EBITDA for Q4 increased to Rs 120.33 crore, which was significantly higher than the corresponding quarter's EBITDA of Rs 22.15 crore and Rs (1.97) crore from the sequential quarter.
  • Net Profit: The net profit for the final quarter stood at Rs 87.87 crore compared to the net loss of Rs (5.35) crore in the sequential quarter and net profit of Rs 5.45 crore in the corresponding quarter of last year.

FY24 Financial Highlights:

  • Total Income (FY24): MCX's consolidated total income for the fiscal year ending March 31, 2024, was at Rs 758.94 crore, marking a 30.59% increase YoY.
  • EBITDA (FY24): The EBITDA for FY24 stood at Rs 139.70 crore, which is a decrease of 35.73% from the previous fiscal year.
  • Net Profit (FY24): The net profit for the fiscal year was Rs 83.11 crore, witnessing a decline of 44.21% compared to the previous year.

Operational Highlights for FY24:

  • Average Daily Turnover (ADT): For the fiscal year, the ADT of futures and options surged by 89.3% to Rs 1,08,880 crore.
  • Traded Clients: The number of traded clients for futures and options saw a 50% growth YoY, reaching 9.32 lakh.
  • Commodity Futures ADT: The ADT for commodity futures declined by 16.5% YoY to Rs 19,636 crore.
  • Commodity Options Notional ADT: The notional ADT of options increased by 162% to Rs 89,244 crore.
  • Options Premium ADT: The premium ADT for options doubled to Rs 1,698 crore YoY.
  • Physical Deliveries: Delivery of precious metals through the Exchange mechanism comprised approximately 7.4 tonnes of Gold and 472.8 tonnes of Silver, while base metals had a total delivery of 94,036 tonnes.

Result PDF

View Other Company Results

Multi Commodity Exchange of India Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Good quarterly growth in the recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (7)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (3)

  • Turnaround companies- loss to profit QoQ
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases
  • High PE (PE > 40)

Resistance and support

R1 3,930.7
R2 4,022.0
R3 4,130.7
Pivot

3,822.02

S1 3,730.7
S2 3,622.0
S3 3,530.7
EMA SMA
3,712.9
3,568.4
3,327.3
2,878.4
3,662.1
3,583.7
3,419.3
2,696.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-24 3807.83 359811 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-24 3810.81 360211 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-10 3896.15 262847 NSE
Data not found

OUR RESEARCH VIEW

Investment recommendation
Options traction positive; migration on time by June 2023
Call Date
23 May 2023
Entry Price 1,380.00
Target Price 1,650.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Multi Commodity Exchange of India Ltd Stocks COMPARISON

Financials( in Cr) Multi Commodity Exchange of India Ltd BSE Ltd Computer Age Management Services Ltd Indian Energy Exchange Ltd KFin Technologies Ltd
Price 3,839.45 3,129.95 3,230.10 153.85 655.35
% Change -4.54 -2.18 -0.88 0.49 1.98
Mcap Cr 19,580.43 42,372.01 15,873.68 13,718.70 11,205.76
Revenue TTM Cr 513.51 924.84 971.83 400.85 720.03
Net Profit TTM Cr 148.97 205.65 284.63 305.89 195.74
PE TTM 235.44 101.89 48.89 40.07 49.09
1 Year Return 162.54 583.47 58.75 0.65 111.71
ROCE 9.25 10.96 44.34 52.27 28.27
ROE 10.28 8.65 39.83 40.72 24.88
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,479.30 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -9,686.18
LAST 3M 80,117.99 24,951.10
LAST 6M 139,103.06 73,773.67
LAST 12M 214,781.93 191,401.70
Board of Multi Commodity Exchange of India recommends Final Dividend

Apr 24, 2024 l BSE Announcement

Board Meetings Forthcomming

Apr 23, 2024 l Board Meetings Forthcomming

Board Meeting for Today

Apr 23, 2024 l Board Meetings for Today

Date Action Type Ratio
Sep 15, 2023 Dividend 190.9
Sep 19, 2022 Dividend 174

Multi Commodity Exchange of India Ltd Information

Stock PE (TTM)
235.44
Promoter Holding
0%
Book Value
270.2882
ROCE
9.25%
ROE
10.28%
Description
  • Multi Commodity Exchange of India Limited (also known as MCX) is one of the first financial exchanges of India and the first commodity exchange to be recognised by the Government of India. It is also the first publicly listed exchange in India. The MCX, founded in 2002, provides trading and investment services through which commodity traders and investors can invest or trade in securities relating to the commodities market of India and the world. Their platform allows investors and traders to discover prices and risk management. The registered office of the company is in Mumbai.

    On 15 December 2022, the company had a market capitalisation of Rs 8,393.51 crore, and it reported consolidated sales of Rs 113.2 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 534091 and on the National Stock Exchange as MCX.

    Promoters and FIIs do not have any shareholdings in MCX. The company is owned by domestic institutional investors (DII), having a 33.87% stake (as of December 2022) and the public, which holds a stake of approximately 65.13% (as of December 2022). The majority of the DII stake in the company is held by mutual funds. The total outstanding shares of the company are 5.10 crores.

    Saurabh Chandra is the chairman and director of the company, and  P S Reddy is the managing director. Other directors of the company include Amit Goela, C S Verma, Deepali Pant Joshi, Hemang Raja, and Shankar Aggarwal, among others. The chief financial officer of MCX is Satyajeet Bolar, while Ajay Puri is the company secretary.

    Multi Commodity Exchange of India share price on 15 December 2022 was Rs 1,645.85 on the BSE and Rs 1,647.60 on the NSE. The company’s 52-week-high was Rs. 1,833.25, while the 52-week-low was Rs. 1,143.00. Its three-month return to investors was 27.4%, while its one-year return was -6.4%.

    The company’s peers include India Energy Exchange, the Bombay Stock Exchange and other exchanges

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Exchange Square Suren Road, Chakala Andheri (East), Mumbai, Maharashtra, 400093

Tel : 91-22-67318888
Email : ig-mcx:mcxindia.com; info:mcxindia.com
Website : http://www.mcxindia.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 534091
NSE Code : MCX
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE745G01035

FAQ’s on Multi Commodity Exchange of India Ltd Shares

You can buy Multi Commodity Exchange of India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Multi Commodity Exchange of India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 24, 2024 04:11 PM the closing price of Multi Commodity Exchange of India Ltd was ₹ 3,839.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 24, 2024 04:11 PM, the market cap of Multi Commodity Exchange of India Ltd stood at ₹ 19,580.43.

The latest PE ratio of Multi Commodity Exchange of India Ltd as of Apr 24, 2024 04:11 PM is 235.44

The latest PB ratio of Multi Commodity Exchange of India Ltd as of Apr 24, 2024 04:11 PM is 0.07

The 52-week high of Multi Commodity Exchange of India Ltd share price is ₹ 4,072.60 while the 52-week low is ₹ 1,285.05

According to analyst recommendations, Multi Commodity Exchange of India Ltd Share has a “Buy” rating for the long term.

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