Is Multi Commodity Exchange Of India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Multi Commodity Exchange Of India Ltd is a good quality company .

Is Multi Commodity Exchange Of India undervalued or overvalued?

The key valuation ratios of Multi Commodity Exchange Of India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Multi Commodity Exchange Of India share price return in the past 10 years?

Multi Commodity Exchange Of India Ltd share price has appreciated 22.8% annually (CAGR) over the past ten years.

Is Multi Commodity Exchange Of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Multi Commodity Exchange Of India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Multi Commodity Exchange Of India?

The latest standalone P/E ratio of Multi Commodity Exchange Of India as of 01-Nov-2024 is 145.95.

What is the P/B ratio of Multi Commodity Exchange Of India?

The latest standalone P/B ratio of Multi Commodity Exchange Of India as of 01-Nov-2024 is 18.60.

What is the 52-week high and low of Multi Commodity Exchange Of India?

The 52-week high of Multi Commodity Exchange Of India is Rs. 6874.50 and the 52-week low is Rs. 2392.15.

Multi Commodity Exchange Of India Ltd - Stock Valuation and Financial Performance

Name: Multi Commodity Exchange Of India
Brand: Multi Commodity Exchange Of India

BSE: 534091 | NSE: MCX | Finance - Stock Broking | Small Cap

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Multi Commodity Exch Share Price

₹6,492.45 -26.25 -0.40%
as on 01-Nov'24 18:59

10 Year X-Ray of Multi Commodity Exch:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.7%	11.3%	11.8%	9.5%	9.8%	15.9%	14.6%	9.6%	9.5%	4.8%	-
Value Creation Index ⓘ	-0.1	-0.2	-0.1	-0.3	-0.3	0.2	0.1	-0.3	-0.3	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	222	235	259	260	300	398	391	367	514	684	893
Sales YoY Gr.	-	5.6%	10.4%	0.2%	15.5%	32.6%	-1.8%	-6.1%	40%	33.1%	-
Adj EPS ⓘ	24.7	22.5	24.8	21.3	28.7	46.4	44.2	28.1	29.2	16.3	68.1
YoY Gr.	-	-8.8%	10.4%	-14.4%	34.9%	61.7%	-4.8%	-36.3%	3.8%	-44.2%	-
BVPS (₹) ⓘ	272.9	290	299.8	305.2	309.7	346.9	370.1	381.1	405.7	423.3	479.3
Adj Net Profit ⓘ	125	115	127	108	146	237	225	143	149	83.1	347
Cash Flow from Ops. ⓘ	69.6	77.5	-32.1	99.3	258	449	-184	391	141	521	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.3%	17.9%	20.5%	33.1%
Adj EPS ⓘ	-4.5%	-10.7%	-28.3%	-44.2%
BVPSⓘ	5%	6.5%	4.6%	4.4%
Share Price	22.8%	40.4%	54.7%	167.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	9.3	8	8.4	7	9.3	14.1	12.3	7.5	7.4	3.9	15.1
Op. Profit Mgn % ⓘ	35.9	32.1	30.7	27.7	31.4	44.8	47.4	44	29.1	9.4	44.2
Net Profit Mgn % ⓘ	56.4	48.8	48.8	41.7	48.7	59.5	57.7	39.1	29	12.2	38.9
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	1,163	1,166	1,389	1,661	1,337	1,085	1,305	1,317	885	881	392
Cash Conv. Cycle ⓘ	-49	-28	-53	-75	-74	-59	-44	-36	-18	-6	96

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.10%

Sales growth is growing at healthy rate in last 3 years 20.51%

Sales growth is good in last 4 quarters at 50.65%

Net Profit has been subdued in last 3 years -28.27%

Latest Financials - Multi Commodity Exchange Of India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	44.3	68.1
TTM Sales (₹ Cr.)	784	893
BVPS (₹.) ⓘ	347.3	479.3
Reserves (₹ Cr.) ⓘ	1,720	2,393
P/BV ⓘ	18.60	13.48
PE ⓘ	145.95	94.93

From the Market
52 Week Low / High (₹)	2392.15 / 6874.50
All Time Low / High (₹)	238.30 / 6874.50
Market Cap (₹ Cr.)	32,945
Equity (₹ Cr.)	51
Face Value (₹)	10
Industry PE ⓘ	25.9

Management X-Ray of Multi Commodity Exch:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Multi Commodity Exch

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Multi Commodity Exch

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	341	352	376	352	406	503	533	433	576	758
Interest Income	222	235	259	260	300	398	391	367	514	684
Other Income ⓘ	118	117	117	92	106	105	142	66	63	74
Expenditure ⓘ	170	185	199	205	228	238	266	229	386	656
Interest Expense ⓘ	1	0	0	0	0	0	0	0	0	0
Operating Expenses ⓘ	161	177	192	196	208	221	214	216	371	614
Provisions	7	8	7	8	20	16	52	12	15	41
Exceptional Items ⓘ	0	-6	0	0	-24	0	0	-20	0	0
Profit Before Tax ⓘ	170	162	178	147	154	265	267	184	191	102
Taxes ⓘ	45	47	51	39	7	29	42	41	42	19
Profit After Tax	125	115	127	108	146	237	225	143	149	83
Adjusted EPS (₹)	24.7	22.5	24.8	21.3	28.7	46.4	44.2	28.1	29.2	16.3
Dividend Payout Ratio (%)	41%	29%	60%	80%	70%	65%	63%	62%	65%	47%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Equity Capital	1,392	1,482	1,533	1,561	1,581	1,769	1,887	1,944	2,069	2,159
Share Capital ⓘ	51	51	51	51	51	51	51	51	51	51
Reserves ⓘ	1,341	1,431	1,482	1,510	1,530	1,718	1,836	1,893	2,018	2,108
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	606	639	712	735	781	814	809	802	847	921
Current Liabilities	442	401	332	405	456	939	587	818	938	1,184
Trade Payables	10	19	30	42	33	31	20	26	21	62
Short term borrowings	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-10	-19	-30	-42	-33	-31	-20	-26	-21	-62
Total Liabilities ⓘ	2,440	2,522	2,577	2,701	2,818	3,523	3,284	3,564	3,855	4,264
Assets
Non Current Asset	762	1,044	1,667	1,624	1,598	1,992	2,126	1,714	2,188	2,814
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	762	1,044	1,667	1,624	1,598	1,992	2,126	1,714	2,188	2,814
Current Asset	1,677	1,479	910	1,076	1,220	1,531	1,157	1,850	1,667	1,450
Current Investment	1,288	864	763	900	582	662	598	713	202	311
Other Current Asset	389	615	147	177	638	869	559	1,136	1,464	1,139
Total Assets ⓘ	2,440	2,522	2,577	2,701	2,818	3,523	3,284	3,564	3,855	4,264

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	70	78	-32	99	258	449	-184	391	141	521
Cash Flow From Investing Activity ⓘ	-68	-30	55	36	-93	-27	-39	-142	-8	-424
Cash Flow From Financing Activity ⓘ	-19	-61	-40	-92	-105	-123	-154	-142	-89	-98
Net Cash Flow ⓘ	-18	-14	-17	43	61	299	-377	107	44	-2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	25	22	25	21	29	46	44	28	29	16
DPS (₹)	10	7	15	17	20	30	28	17	19	8
BVPS (₹)	273	290	300	305	310	347	370	381	406	423
Performance Ratios
ROA (%)	5.3	4.6	5.0	4.1	5.3	7.5	6.6	4.2	4.0	2.1
ROE (%)	9.3	8.0	8.4	7.0	9.3	14.1	12.3	7.5	7.4	3.9
ROCE (%)	12.7	11.3	11.8	9.5	9.8	15.9	14.6	9.6	9.5	4.8
Valuation Parameters
Price/Book(x)	4.1	2.9	4.0	2.2	2.6	3.3	4.1	3.7	3.7	7.9

Multi Commodity Exchange Of India Ltd Stock News

Multi Commodity Exchange Of India Ltd FAQs

What is the share price of Multi Commodity Exch?

Company share prices are keep on changing according to the market conditions. The closing price of Multi Commodity Exch on 01-Nov-2024 18:59 is ₹6,492.5.

What is the market cap of Multi Commodity Exch?

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 01-Nov-2024 18:59 the market cap of Multi Commodity Exch stood at ₹32,945.

What is the P/E ratio of Multi Commodity Exch?

The latest P/E ratio of Multi Commodity Exch as of 01-Nov-2024 18:59 is 145.9.

What is the P/B ratio of Multi Commodity Exch?

The latest P/B ratio of Multi Commodity Exch as of 01-Nov-2024 18:59 is 18.60.

What is the 52-week high and low of Multi Commodity Exch?

The 52-week high of Multi Commodity Exch is ₹6,874.5 and the 52-week low is ₹2,392.2.

What is the TTM revenue of Multi Commodity Exch?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Multi Commodity Exch is ₹784.4 ( Cr.) .

About Multi Commodity Exchange Of India Ltd

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

Business area of the company

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts. It is India’s first Exchange to offer commodity options contracts, bullion index futures and base metals index futures contracts. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework.

Products

MCX provides exposure to the performance of a basket of commodities

MCX iCOMDEX

MCX BULLDEX
MCX METLDEX

Bullion

Gold
Gold Mini
Gold Guinea
Gold Petal
Silver
Silver Mini
Silver Micro

Base Metals

Aluminium
Copper
Lead
Nickel
Zinc

Energy

Crude Oil
Natural Gas

Agri Commodities

Black Pepper
Cardamom
Castor Seed
Cotton
Crude Palm Oil
Kapas
Mentha Oil
Rubber

Awards

2008:

Received the “Best Bullion Exchange of the Year” award from the Bombay Bullion Association.
Recognised as “India’s First Green Exchange” by Priyadarshini Academy.
Awarded the “Golden Peacock Eco-innovation award 2008” by the Institute of Directors.

2009:

Received the “Sankalp Award” for Agriculture and Rural Innovation.

2010:

Received the “Best Commodity Exchange of the Year” award from the Bombay Bullion Association.
Conferred with the FICCI Socio Economic Development Foundation (SEDF) Corporate Social Responsibility Award 2009-10.
Received the NASSCOM Foundation Social Innovation Honours 2010.

2011:

Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 8th India International Gold Conventions, held at Kochi.
Won the Indy’s award under the category ‘Best in Corporate Social Responsibility practices’.
Conferred with the “Financial Inclusion Award 2011” from the SKOCH Foundation.

2012:

FinanceAsia awards MCX IPO as the ‘Best Mid-cap Equity Deal’ in the entire Asia-Pacific for 2012; 1st exchange in the Asia Pacific to receive this recognition.
MCX’s Gold Petal contract received the FOW award for ‘the most innovative contract launch by an exchange’ under the metals category.
Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 9th India International Gold Conventions, held at Hyderabad.
Conferred with the Business Superbrand award.

2013:

The ‘Best Commodity Exchange of the year’ award by Global Cotton Conference.

2015:

Honoured with the ‘Best Commodity Exchange Award’ at the India International Bullion Summit organised by IBJA.
Recognised as the ‘Exchange of the year for Investor Education and Awareness’ by Commodity Participants Association of India (CPAI).

2016:

Awarded as the ‘Best Bullion Exchange 2016’ by Assocham, September, 2016.
Honoured with the ‘Best Commodity Exchange’ Award 2016 at the Bullion Federation Global Convention.
Won the ‘Best Commodity Exchange’ Award at the 14th Commodity Futures Market Summit & Excellence Awards, organized by Assocham.

2017:

Recognized by Assocham, for being ‘India’s Leading Commodity Exchange and introducing new products in the Commodity Derivatives Market’, December 2017
Awarded the ‘Best Commodity Exchange of India’, 2017 by the PHD Chamber of Commerce and Industry
Awarded the ‘Best Commodity Exchange of the Year 2016-17’ at the India International Gold Convention 2017, August 2017
Honoured with ‘Best Bullion Exchange of the Year 2017’ award by the Bullion Federation of India, August 2017
Awarded the ‘Best Commodity Exchange of the Year’ 2016-17 by CPAI
Recognized as the ‘Best Promising Commodity Exchange 2017’ by IBJA, March, 2017
Honoured with ‘Exchange of the Year’ award by Assocham, March, 2017

2018:

Awarded the ‘Best Exchange in Bullion’ 2018, at the Assocham - 11th International Gold Summit, September 2018
Honoured as the ‘Best Commodity Exchange’ 2018, by PHD Chamber of Commerce and Industry, September 2018
Awarded the ‘Best Commodity Exchange’ at the India International Gold Convention, August 2018
Awarded the ‘Best Commodity Exchange’ at the Bullion Federation Global Convention (BFGC), July 2018
Honoured with the ‘Best Commodity Exchange’ Award, by Assocham, July 2018
Honoured with the ‘Best Commodity Exchange’ Award by the Commodity Participants Association of India (CPAI), June 2018
Honoured with the ‘Best Commodity Exchange’ Award by Indian Bullion & Jewellers Association (IBJA), March 2018

2019:

Awarded the ‘Best Commodity Exchange’ at the India International Gold Convention, August 2019
Awarded the ‘Best Exchange For Bullion, Metals and Energy’ by Commodity Participants Association of India (CPAI), July 2019
Honoured with the ‘Best Commodity Exchange’ Award at the India International Bullion Summit, March 2019

Milestones

2002: Incorporated
2003: Commenced operations on November 10
2005: Licensing agreement with LME
2006: Product licensing agreement with NYMEX (CME Group)
2008: Became a member of the International Organisation of Securities Commissions (IOSCO)
2012: Became India’s first listed exchange
2013: Changes in top management and Board
2015: Sign MoU with CME Group
2017: Launched first-ever Gold Options contract on futures in India
2018: Launched first-ever Brass futures contract in the world
2018: Launched Options contract in Crude Oil, Silver, Copper & Zinc
2019: Introduced real time MCX iCOMDEX Excess Return index series including composite, sectoral (bullion & metal) and single commodity ER indices.
2019: Conversion of all MCX Base Metals futures contracts to delivery-based settlement mode from Both-options settlement mode from March 2019 and onwards.
2019: Successfully introduced 1 gram delivery based Gold Petal Contract.
2019: Signed MoU with Zhengzhou Commodity Exchange.
2019: Launch of Kapas Contract.
2020: Conversion of Silver Mini (5 kg) & Micro (1 kg) into delivery based contracts.
2020: Launching of deliverable 'Option in goods' with Gold 100 grams and Silver 5 kg as underlying.