Multi Commodity Exch

₹3811.7 59.6 | 1.6%

WEBSITE BSE:534091 NSE : MCX LTD 10 May, 16:01

Market Cap ₹19439 Cr.

Stock P/E 233.9

P/B 14.1

Current Price ₹3811.7

Book Value ₹ 270.3

Face Value 10

52W High ₹4270

Dividend Yield 0.2%

52W Low ₹ 1289.2

Edit Ratio

Multi Commodity Exch Research see more...

Strong Brand Equity and Sectoral Opportunities Should Support Multi Commodity Exchange of India Ltd

Overview Inc. Year: 2002Industry: Finance - Stock Broking

Multi Commodity Exchange of India Ltd (MCX) is a holding company. The Company is engaged in Settlement of Commodity Derivatives and Facilitating Trading, and Clearing. It operates as a commodity futures change. It offers its merchandise in numerous segments, together with Bullion, consisting of Gold, Gold Mini, Gold Petal and Silver; Base Metals, along with, Aluminum, Copper, Lead, Nickel and Zinc; Energy, such as Crude Oil, Brent Crude Oil and Natural Gas, and Agro Commodities, along with Cardamom, Cotton, Crude Palm Oil, Kapas and Mentha Oil. Its MCXCOMDEX is a real-time commodity index primarily based on commodity futures price of an exchange. Other commodity indices developed by means of the Company include MCXEnergy, MCXMetal and MCXAgri. Its online buying and selling platform is obtainable to its individuals through its trader workstation or computer-to-computer link (CTCL) using more than one connectivity media, such as very small aperture terminal (VSATs), point of presence (POP) connectivity, and the Internet.

Multi Commodity Exch Share Price

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Multi Commodity Exch Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	90	106	109	127	144	134	146	165	192	181
Other Income	15	15	9	18	20	20	20	19	18	18
Total Income	104	121	118	146	164	154	166	184	209	199
Total Expenditure	51	53	60	62	111	132	135	194	211	79
Operating Profit	53	68	59	84	53	22	31	-10	-2	120
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	7	3	6	6	4	6	4	7	11	14
Exceptional Income / Expenses	0	-20	0	0	0	0	0	0	0	0
Profit Before Tax	46	45	53	78	48	16	27	-16	-13	106
Provision for Tax	11	8	11	13	9	9	6	2	-9	21
Profit After Tax	35	37	42	65	39	8	21	-18	-4	86
Adjustments	-1	-0	-1	-1	-1	-2	-1	-1	-1	2
Profit After Adjustments	34	37	41	63	39	5	20	-19	-5	88
Adjusted Earnings Per Share	6.8	7.2	8.1	12.4	7.6	1.1	3.9	-3.7	-1	17.2

Multi Commodity Exch Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	524	341	222	235	259	260	300	398	391	367	514	684
Other Income	123	100	118	117	117	92	105	105	142	68	68	75
Total Income	647	440	341	352	376	352	405	503	532	434	581	758
Total Expenditure	210	195	143	160	180	188	213	219	244	206	364	619
Operating Profit	436	245	198	192	197	164	193	284	289	229	217	139
Interest	0	1	1	0	0	0	0	0	0	0	0	0
Depreciation	31	34	26	25	19	17	15	18	22	23	22	36
Exceptional Income / Expenses	0	0	0	-6	0	0	-24	0	0	-20	0	0
Profit Before Tax	406	210	170	162	178	147	154	265	267	184	191	104
Provision for Tax	106	57	45	47	51	39	7	29	42	41	42	20
Profit After Tax	299	153	125	115	127	108	146	237	225	143	149	85
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-1
Profit After Adjustments	299	153	126	115	127	108	146	237	225	143	149	84
Adjusted Earnings Per Share	58.7	30	24.7	22.5	24.8	21.2	28.7	46.4	44.2	28.1	29.2	16.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	40%	9%	15%	-0%
Operating Profit CAGR	-5%	-9%	6%	-7%
PAT CAGR	4%	-14%	7%	-7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	180%	34%	36%	22%
ROE Average	7%	9%	10%	11%
ROCE Average	10%	11%	12%	14%

Multi Commodity Exch Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1158	1318	1392	1482	1533	1561	1581	1769	1887	1944	2069
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	463	554	606	639	712	735	781	814	809	802	847
Total Current Liabilities	655	419	442	401	332	405	456	939	587	818	938
Total Liabilities	2276	2291	2440	2522	2577	2701	2818	3523	3284	3564	3855
Fixed Assets	203	173	143	137	152	156	158	158	159	156	150
Other Non-Current Assets	603	543	619	907	1515	1468	1440	1833	1967	1557	2038
Total Current Assets	1470	1575	1677	1479	910	1076	1220	1531	1157	1850	1667
Total Assets	2276	2291	2440	2522	2577	2701	2818	3523	3284	3564	3855

Multi Commodity Exch Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	91	75	53	35	21	4	47	108	407	30	137
Cash Flow from Operating Activities	53	38	70	78	-32	99	258	449	-184	391	141
Cash Flow from Investing Activities	145	53	-68	-30	55	36	-93	-27	-39	-142	-8
Cash Flow from Financing Activities	-213	-113	-19	-61	-40	-92	-105	-123	-154	-142	-89
Net Cash Inflow / Outflow	-16	-22	-18	-14	-17	43	61	299	-377	107	44
Closing Cash & Cash Equivalent	75	53	35	21	4	47	108	407	30	137	181

Multi Commodity Exch Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	58.66	30.03	24.66	22.48	24.82	21.25	28.67	46.37	44.16	28.13	29.21
CEPS(Rs)	64.68	36.75	29.68	27.3	28.46	24.51	31.7	49.93	48.49	32.58	33.44
DPS(Rs)	24	10	10	6.5	15	17	20	30	27.6	17.4	19.1
Book NAV/Share(Rs)	227.09	258.42	272.91	289.97	299.78	305.2	309.65	346.89	370.09	381.12	405.7
Core EBITDA Margin(%)	59.88	42.78	35.79	32.04	30.69	27.66	29.09	44.83	37.64	43.92	29.09
EBIT Margin(%)	77.42	61.96	77.21	68.94	68.59	56.66	51.23	66.74	68.35	50.24	37.15
Pre Tax Margin(%)	77.41	61.65	76.6	68.81	68.52	56.64	51.22	66.7	68.3	50.18	37.11
PAT Margin (%)	57.09	44.95	56.37	48.79	48.79	41.7	48.74	59.45	57.67	39.11	29.01
Cash Profit Margin (%)	62.96	55.02	68.02	59.26	55.95	48.11	53.89	64.01	63.31	45.3	33.21
ROA(%)	13.16	6.71	5.3	4.62	4.96	4.11	5.3	7.46	6.62	4.19	4.02
ROE(%)	27.75	12.37	9.26	7.99	8.42	7.02	9.33	14.13	12.32	7.49	7.42
ROCE(%)	37.63	17.05	12.68	11.27	11.81	9.52	9.78	15.85	14.6	9.62	9.51
Receivable days	19.56	8.53	16.11	11.53	4.92	6.41	7.49	5.72	7.21	10.16	9.28
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	14.21	16.32	45.54	37.16	48.49	31.49	28.13	24.38	34.25	50.26	51.9
Price/Book(x)	3.67	1.9	4.12	2.88	4.01	2.19	2.61	3.26	4.09	3.71	3.74
Dividend Yield(%)	2.88	2.04	0.89	0.78	1.25	2.54	2.48	2.65	1.82	1.23	1.26
EV/Net Sales(x)	7.45	6.33	24.55	16	23.59	12.9	11.93	12.58	18.66	17	12.76
EV/Core EBITDA(x)	8.95	8.79	27.62	19.56	31.14	20.46	18.6	17.65	25.23	27.26	30.16
Net Sales Growth(%)	-3.88	-34.98	-34.69	5.59	10.43	0.15	15.47	32.6	-1.83	-6.08	39.99
EBIT Growth(%)	2.35	-47.97	-18.61	-5.72	9.88	-17.27	4.4	72.76	0.53	-30.96	3.52
PAT Growth(%)	4.39	-48.81	-18.1	-8.6	10.44	-14.4	34.96	61.72	-4.77	-36.31	3.85
EPS Growth(%)	3.86	-48.8	-17.89	-8.86	10.44	-14.4	34.96	61.72	-4.77	-36.31	3.85
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	2.24	3.76	3.8	3.68	2.74	2.66	2.67	1.63	1.97	2.26	1.78
Quick Ratio(x)	2.24	3.76	3.8	3.68	2.74	2.66	2.67	1.63	1.97	2.26	1.78
Interest Cover(x)	0	199.13	125.12	539.69	889.8	3680.5	0	1659.56	1404.95	767.88	908.48
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Multi Commodity Exch Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0	0	0	0	0	0	0	0	0	0
FII	31.35	26.52	26.84	23.45	25.77	26.95	24.84	25.31	26.61	23.22
DII	46.41	48.33	48.6	50.61	52.81	52.7	55.06	56.42	53.01	56.87
Public	22.23	25.15	24.56	25.94	21.42	20.35	20.1	18.26	20.38	19.91
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

Pros

Company is almost debt free.

Cons

Promoter holding is low: 0%.
Company has a low return on equity of 9% over the last 3 years.
Stock is trading at 14.1 times its book value.
The company has delivered a poor profit growth of 6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Current Price: 11800/-

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Current Price: 6/-

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0	0	0	0	0	0	0	0	0	0
FII	1.6	1.35	1.37	1.2	1.31	1.37	1.27	1.29	1.36	1.18
DII	2.37	2.46	2.48	2.58	2.69	2.69	2.81	2.88	2.7	2.9
Public	1.13	1.28	1.25	1.32	1.09	1.04	1.03	0.93	1.04	1.02
Others	0	0	0	0	0	0	0	0	0	0
Total	5.1	5.1	5.1	5.1	5.1	5.1	5.1	5.1	5.1	5.1

Multi Commodity Exch

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Multi Commodity Exch Research see more...

Overview Inc. Year: 2002Industry: Finance - Stock Broking

Multi Commodity Exch Share Price

Alert Data

Quarterly Price

Peer Comparison

Multi Commodity Exch Quarterly Results

Multi Commodity Exch Profit & Loss

Growth Rates

Multi Commodity Exch Balance Sheet

Multi Commodity Exch Cash Flow

Multi Commodity Exch Ratios

Multi Commodity Exch Shareholding Pattern

Multi Commodity Exch News

Top Unlisted Companies & InstaBuy Companies

HDFC Securities

ICEX

IPO

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