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56% Buy

MCX Share Price

MCX

₹3,824.15-₹243.70 (-5.99%) TodayLast updated on 19 Jul, 2024 | 15:56 IST
₹3,805.30₹4,039.95
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  • Company overview

  • Fundamentals

  • Events

  • F&O (Option chain)

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Company overview

Financial performance

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Market cap

Market Cap Switch₹20,707 Crs

Open

₹4,025.00

Close

₹4,067.85

Circuit range

₹4,206.55 - ₹3,441.75

Day range

₹3,805.30 - ₹4,039.95

Year range

₹1,538.00 - ₹4,270.00

Volume

11,39,709

Avg. traded

₹3,869.90

Revenue (12m)

₹684 Crs

MCX

Multi Commodity Exchange of India Limited (MCX) is an Indian commodity exchange company. It was founded by the Government of India in 2003 and is headquartered in Mumbai. The exchange operates within the regulatory framework of the Securities and Exchange Board of India.

MCX secured the 5th spot globally in the ranking of commodity options contracts traded in 2022, according to data released by the Futures Industry Association (FIA). MCX Crude Oil Options secured the top position as the most traded crude oil options worldwide. On the other hand, MCX Silver Options and MCX Natural Gas Futures claimed the second spot in their respective categories. MCX was also the 7th largest exchange globally by the volume of commodity futures contracts traded in 2022.

The market capitalisation of MCX is over ₹15,600 crore as of January 12, 2024. MCX share price has gained over 80% in the last three years.

Business Operations

MCX operates as a demutualised exchange. It facilitates nationwide online trading, clearing and settlement operations for commodity futures transactions. MCX functions as a single-segment business. It provides futures trading to many commodities across various classes, including bullion, energy, ferrous and non-ferrous metals, oils and oilseeds, cereals and other commodities.

MCX is also India's first exchange to introduce commodity options and futures contracts on bullion, base metals and energy indices. The company has 548 registered members and 50,228 authorised persons. It has a reach to approximately 700 cities and towns across India. MCX has a market share of over 96% in terms of the value of traded commodity futures contracts.

The company has also established strategic partnerships with prominent international exchanges, including the CME Group and the London Metal Exchange. The exchange has signed MoUs with well-known global exchanges such as the Dalian Commodity Exchange, Taiwan Futures Exchange and European Energy Exchange AG.

MCX has a fully-owned subsidiary called Multi Commodity Exchange Clearing Corporation Limited (MCXCCL). It is the first clearing corporation in the Indian commodity derivatives market. MCXCCL offers collateral management and risk management services and oversees the clearing and settlement processes for trades conducted on MCX. The company also serves as the central counterparty for all transactions carried out on the MCX trading platform.

For efficient business operations, MCXCCL ensures that members of MCX have access to warehousing arrangements and related facilities. It has a network of warehouses and vaults for the delivery of commodities traded on the MCX platform. MCXCCL has established agreements with six warehouse service providers to facilitate physical deliveries of agricultural commodities and base metals. The clearing corporation operates from 33 accredited warehouses, with 18 of them registered with the Warehousing Development and Regulatory Authority.

MCXCCL has also entered into agreements with four vault service providers for the physical deliveries in the bullion segment. These agreements cover 25 accredited vaults situated at various delivery centres.

Financial Highlights

MCX’s revenue from operations for FY23 stood at ₹513.5 crore, up by 40% compared to ₹367 crore in FY22. The net profit after tax for the financial year 2022-23 was ₹149 crore compared to ₹143.5 crore during the previous year. The company's earnings per share (EPS) stood at ₹29.27 in FY23 compared to ₹28.18 in the previous financial year.

MCX Key indicators

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52 week high

₹4,270.00

52 week low

₹1,538.00

P/E ratio

246.48

P/B ratio

15.04

ROE

8.24%

ROCE

10.89%

Dividend yield

0.2%

Debt/Equity ratio

EPS

25.46

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

56%

Hold

22%

Sell

22%

This analysis is based on the reviews of 9 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

42.74%

Net profit margin

28.9%

ROE

8.24%

ROA

4.94%

ROCE

10.89%

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MCX Shareholder returns

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1 day

-5.99%

1 week

+1.72%

1 month

-1.15%

3 months

+0.84%

1 year

+136.86%

3 years

+115.12%

5 years

+346.64%

MCX Share Price history

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DayOpenCloseDay’s change
Fri, Jul 19 2024
₹4,025.00
₹3,824.15
-5.99%
Thu, Jul 18 2024
₹3,950.55
₹4,067.85
+2.97%
Tue, Jul 16 2024
₹3,904.85
₹3,950.55
+1.17%
Mon, Jul 15 2024
₹3,772.00
₹3,904.85
+3.54%
Fri, Jul 12 2024
₹3,780.00
₹3,771.35
+0.32%
Thu, Jul 11 2024
₹3,725.00
₹3,759.40
+1.11%
Wed, Jul 10 2024
₹3,860.00
₹3,717.95
-4.13%
Tue, Jul 9 2024
₹3,939.85
₹3,878.30
-1.74%

Shareholding info

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Promoters (0%)

Mutual Funds (34.65%)

Retail and other (19.91%)

Foreign institutions-FII (23.22%)

Other domestic institutions (22.22%)

Mutual Funds

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Events

Corporate actions

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  • Dividend • ₹19.09/share

    Ex date 15 Sep 2023

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  • Dividend • ₹17.4/share

    Ex date 19 Sep 2022

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  • Dividend • ₹7.64/share

    Ex date

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Frequently asked questions