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Multi Commodity Exchange of India Ltd share Price

Company details

6M Return 30.45%
1Y Return 65.70%
Mkt Cap.(Cr) 9,978.52
Volume 2,677,334
Div Yield 0.98%
OI Chg %
Volume 2,677,334

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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

    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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Multi Commodity Exchange of India announced Q1FY24 results:

  • For Q1FY24, MCX’s total income increased by 8% to Rs 166 crore from Rs 154 crore over Q4FY23.
  • MCX’s operating income increased by 9% to Rs 146 crore for Q1FY24 from Rs 134 crore over Q4FY23.
  • During Q1FY24, the Average Daily Turnover (ADT) of futures and options increased by 26% to Rs 83,341 crore, compared to the turnover in Q4FY23.
  • The traded clients in F&O saw a growth of 12% reaching around 3.93 lakh during Q1FY24 vis-à-vis 3.52 lakh in Q4FY23.
  • EBITDA for Q1FY24 increased by 41% to Rs 31 crore from Rs 22 crore over Q4FY23.
  • EBITDA margin (consolidated) stood at 19% for Q1FY24 and 14% for Q4FY23, marginally higher in spite of high technology servicing cost.
  • Net profit for Q1FY24, increased by 261% to Rs 20 crore from Rs 5 crore over Q4FY23.
  • MCX’s market share in commodity futures during Q1FY24 stood at 96.3%



Result PDF

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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
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Multi Commodity Exchange of India Ltd Stocks COMPARISION


Equity Capital: 1,479.30 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Multi Commodity Exchange of India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : info:mcxindia.com
Website : http://www.mcxindia.com

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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 Oct 03, 2023 03:59 PM the closing price of Multi Commodity Exchange of India Ltd was ₹ 1,956.65.

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 Oct 03, 2023 03:59 PM, the market cap of Multi Commodity Exchange of India Ltd stood at ₹ 9,978.52.

The latest PE ratio of Multi Commodity Exchange of India Ltd as of Oct 03, 2023 03:59 PM is 78.41

The latest PB ratio of Multi Commodity Exchange of India Ltd as of Oct 03, 2023 03:59 PM is 0.15

The 52-week high of Multi Commodity Exchange of India Ltd is ₹ 2,139.95 while the 52-week low is ₹ 1,252.70

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

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