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Multi Commodity Exchange of India Ltd share Price Today

Company details

3,315.60
3,394.65
1,285.05
3,990.00
6M Return 72.93%
1Y Return 125.65%
Mkt Cap.(Cr) 17,082.29
Volume 331,733
Div Yield 0.57%
OI
-
OI Chg %
-
Volume 331,733

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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 ~94% 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
Q4FY22

    Significant increase in options turnover offset decline in futures

    • Average daily futures turnover (ADTO) declined ~17% YoY to ₹ 26369 crore, due to decline in bullion volume
    • Option ADTO continued to gain traction to ₹ 15065 crore; up 75% QoQ
    • Operational revenue up 19% QoQ; other income was flat QoQ
    • Earnings at ₹ 36.5 crore; up 6% QoQ due to one off impact of ₹ 20.3 crore

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Research view on more stocks

Multi Commodity Exchange of India announced Q3FY24 results:

Financial Performance

  • Operating Revenue: MCX reported an increase in operating revenue (consolidated) of 16% to Rs 191.53 crore in Q3FY24, up from Rs 165.11 crore in the sequential quarter, Q2FY24.
  • Total Income: The total income rose by 13.72% to Rs 209.26 crore for Q3FY24 compared to Rs 184.02 crore in Q2FY24.
  • EBITDA: The EBITDA for Q3FY24 went up, reaching Rs (1.97) crore, which is a significant increase of 79.88% from the negative Rs (9.79) crore reported in the last sequential quarter.
  • Net Loss: There was a decrease in the net loss by 71.95% to Rs (5.35) crore from Rs (19.07) crore in Q2FY24.

Operational Performance

  • Average Daily Turnover (ADT) of Futures: The ADT of futures increased by 10.8% to Rs 20,796 crore in Q3FY24 compared to Rs 18,763 crore in Q2FY24.
  • Options Trading Growth: Options, on the other hand, made significant growth as its ADT increased to Rs 95,989 crore as against Rs 85,873 crore in Q2FY24. The average premium turnover also increased to Rs. 1,935 crore from Rs. 1,580 crore in Q2FY24.
  • Client Growth in Derivatives: During the quarter, the number of total traded clients stood at 4.77 lakh, witnessing a growth rate of 7.4% over the previous quarter.

Commodity Deliveries

  • Gold and Silver: A total of 1.5 MT of Gold (all variants) and 27.6 MT of Silver (all variants) were delivered through the Exchange mechanism in Q3FY24.
  • Base Metals: A total of 27,804 MT of base metals were delivered during the same quarter.

Technology Platform Transition

  • Mentioned that the company would have recorded a profit if not for the payment commitment of Rs 125 crore made till December 31, 2023, to the erstwhile technology vendor after the company transitioned to a new platform on October 16, 2023.

Result PDF

View Other Company Results

Multi Commodity Exchange of India Ltd shares SWOT Analysis

Strengths (4)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt
  • Increasing Revenue every quarter for the past 3 quarters

Weakness (6)

  • MFs decreased their shareholding last quarter
  • 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

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

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

Resistance and support

R1 3,391.0
R2 3,432.3
R3 3,470.0
Pivot

3,353.28

S1 3,311.9
S2 3,274.2
S3 3,232.9
EMA SMA
3,392.6
3,394.5
3,167.4
2,728.0
3,437.7
3,482.8
3,268.0
2,524.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-30 3132.37 264991 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-11-30 3136.12 250591 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-28 3089.28 466500 NSE
Name Category Shares
HUF PUBLIC 0.52%

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 NBCC (India) Ltd Central Depository Services (India) Ltd Computer Age Management Services Ltd
Price 3,349.60 2,515.90 118.90 1,711.95 2,915.65
% Change -0.21 2.12 4.85 1.54 -0.17
Mcap Cr 17,082.29 34,059.25 21,402.00 17,889.88 14,328.38
Revenue TTM Cr 513.51 924.84 8,754.44 555.09 971.83
Net Profit TTM Cr 148.97 205.65 278.01 275.96 284.63
PE TTM 0.00 81.90 48.79 50.68 44.12
1 Year Return 125.65 509.99 271.56 87.87 41.48
ROCE 9.25 10.96 23.81 31.39 44.34
ROE 10.28 8.65 21.69 23.93 39.83
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,479.30 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Multi Commodity Exchange of India Ltd Information

Stock PE (TTM)
0
Promoter Holding
0%
Book Value
261.0294
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 Mar 28, 2024 03:57 PM the closing price of Multi Commodity Exchange of India Ltd was ₹ 3,349.60.

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 Mar 28, 2024 03:57 PM, the market cap of Multi Commodity Exchange of India Ltd stood at ₹ 17,082.29.

The latest PE ratio of Multi Commodity Exchange of India Ltd as of Mar 28, 2024 03:57 PM is 0

The latest PB ratio of Multi Commodity Exchange of India Ltd as of Mar 28, 2024 03:57 PM is 0.08

The 52-week high of Multi Commodity Exchange of India Ltd share price is ₹ 3,990.00 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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