Multi Commodity Exchange of India Ltd

Multi Comm. Exc. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Multi Commodity Exchange of India Ltd

₹ 6,196 0.48%
22 Nov - close price
mcxindia.com BSE: 534091 NSE: MCX
About

The MCX) commenced operation in Nov,03 is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange operates under SEBI. [1]

Key Points

Monopoly[1]
Co. has a 95.9% share in the Commodity future market in FY24. It controls a 100% share of Precious metals & stones, 99.61% in Energy & 99.80% in base metals with the exception of agri-commodities where it commands a share of 2.65%. Co. is the 7th largest by the number of Commodity Futures traded and the 6th largest by the number of Commodity Options.

The 2nd largest player NCDEX in the commodity future market controls the rest 3.9% market share.

Website BSE NSE
  • Market Cap ₹ 31,600 Cr.
  • Current Price ₹ 6,196
  • High / Low ₹ 6,874 / 2,917
  • Stock P/E 140
  • Book Value ₹ 347
  • Dividend Yield 0.12 %
  • ROCE 4.50 %
  • ROE 3.30 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 75.0%

Cons

  • Stock is trading at 17.8 times its book value
  • Company has a low return on equity of 6.72% over last 3 years.
  • Debtor days have increased from 20.1 to 36.4 days.

* 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.

Peer comparison

Sector: Financial Services Industry: Miscellaneous

Part of BSE 250 SmallCap Index Nifty Total Market BSE SmallCap Select Index BSE 400 MidSmallCap Index BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
75 81 96 99 113 123 114 128 141 163 160 209 257
48 50 53 60 63 97 110 114 160 209 83 107 119
Operating Profit 26 31 43 39 50 26 5 13 -19 -46 77 101 137
OPM % 35% 38% 45% 40% 44% 21% 4% 11% -14% -28% 48% 49% 53%
17 16 -4 10 20 21 22 20 20 20 18 19 24
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 7 3 5 6 4 6 4 6 11 13 13 14
Profit before tax 37 41 37 43 65 43 21 30 -5 -36 82 108 148
Tax % 27% 27% 21% 25% 21% 21% 41% 19% 32% -25% 25% 25% 25%
27 30 29 33 51 34 12 24 -7 -27 62 80 111
EPS in Rs 5.33 5.81 5.63 6.40 10.04 6.64 2.38 4.69 -1.33 -5.32 12.15 15.76 21.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
524 341 222 235 259 260 298 370 345 330 449 586 788
209 194 135 160 180 186 206 225 204 201 329 566 518
Operating Profit 315 146 88 75 80 74 93 145 141 128 120 20 270
OPM % 60% 43% 39% 32% 31% 29% 31% 39% 41% 39% 27% 3% 34%
120 99 110 111 116 86 63 111 111 53 72 85 83
Interest 0 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 31 34 26 25 19 17 15 18 22 22 20 34 51
Profit before tax 405 210 170 161 177 144 140 239 229 159 171 71 302
Tax % 26% 27% 26% 29% 29% 26% 2% 13% 18% 25% 24% 26%
299 153 125 114 126 106 136 209 188 118 130 52 226
EPS in Rs 58.56 29.95 24.52 22.31 24.76 20.85 26.77 40.89 36.83 23.23 25.46 10.19 44.26
Dividend Payout % 41% 33% 41% 29% 61% 82% 75% 73% 75% 75% 75% 75%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 19%
TTM: 56%
Compounded Profit Growth
10 Years: -8%
5 Years: -19%
3 Years: -29%
TTM: 257%
Stock Price CAGR
10 Years: 22%
5 Years: 40%
3 Years: 54%
1 Year: 112%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51 51
Reserves 1,104 1,093 1,151 1,239 1,308 1,325 1,412 1,496 1,529 1,504 1,545 1,499 1,720
0 0 0 0 0 0 0 0 2 1 2 2 1
631 597 622 568 507 585 161 220 205 255 260 259 454
Total Liabilities 1,786 1,742 1,824 1,858 1,866 1,961 1,624 1,767 1,787 1,811 1,857 1,811 2,227
203 173 143 137 152 156 157 157 158 153 145 373 398
CWIP 1 0 2 3 0 6 19 23 26 94 168 16 23
Investments 1,068 1,090 1,293 1,111 1,195 1,416 1,252 1,421 1,445 1,398 1,216 1,137 1,495
513 478 387 607 519 383 196 165 158 167 328 286 310
Total Assets 1,786 1,742 1,824 1,858 1,866 1,961 1,624 1,767 1,787 1,811 1,857 1,811 2,227

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
53 38 70 78 -32 102 -129 201 89 119 -64 117
145 53 -68 -31 55 33 191 -78 63 23 151 -19
-213 -113 -19 -61 -40 -92 -105 -123 -154 -142 -89 -98
Net Cash Flow -16 -22 -18 -14 -17 43 -43 -1 -1 0 -2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 5 10 17 7 4 9 11 7 12 15 9 36
Inventory Days
Days Payable
Cash Conversion Cycle 5 10 17 7 4 9 11 7 12 15 9 36
Working Capital Days -320 -290 -522 -446 -287 -438 -40 -93 -69 -114 19 -38
ROCE % 33% 14% 10% 10% 11% 8% 11% 11% 12% 11% 11% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.35% 26.52% 26.84% 23.45% 25.77% 26.95% 24.84% 25.31% 26.61% 23.22% 20.69% 22.07%
46.42% 48.33% 48.60% 50.61% 52.82% 52.70% 55.05% 56.43% 53.01% 56.86% 57.24% 57.45%
22.05% 24.96% 24.37% 25.75% 21.23% 20.16% 19.91% 18.09% 20.19% 19.73% 21.90% 20.32%
0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19%
No. of Shareholders 2,04,1242,37,5922,35,6872,38,8911,97,6161,88,8681,79,9751,65,4461,73,6821,76,3052,02,6032,01,692

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls