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 91.0
  • Book Value ₹ 311
  • Dividend Yield 0.12 %
  • ROCE 7.15 %
  • ROE 5.82 %
  • 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 58.0%

Cons

  • Stock is trading at 19.9 times its book value
  • Company has a low return on equity of 9.14% over last 3 years.
  • Debtor days have increased from 19.4 to 36.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
83 90 106 109 127 144 134 146 165 192 181 234 286
50 52 53 60 63 112 134 136 195 212 79 102 106
Operating Profit 33 38 53 49 64 32 -0 9 -30 -21 102 133 179
OPM % 40% 42% 50% 45% 50% 22% -0% 6% -18% -11% 56% 57% 63%
16 15 -6 9 18 20 20 20 19 18 20 19 26
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 7 7 3 6 6 4 6 4 7 11 14 13 14
Profit before tax 43 45 44 52 77 48 14 25 -17 -14 108 138 191
Tax % 24% 24% 18% 20% 18% 19% 61% 23% 9% -63% 19% 20% 20%
33 34 37 41 63 39 5 20 -19 -5 88 111 154
EPS in Rs 6.40 6.76 7.16 8.13 12.41 7.61 1.07 3.86 -3.74 -1.05 17.23 21.75 30.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
524 341 222 235 259 260 300 398 391 367 514 684 893
209 194 135 160 180 184 206 219 205 206 369 621 499
Operating Profit 315 146 88 75 80 76 94 178 185 161 145 63 393
OPM % 60% 43% 39% 32% 31% 29% 31% 45% 47% 44% 28% 9% 44%
121 99 110 111 117 88 75 105 104 46 68 75 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 23 22 36 52
Profit before tax 406 210 170 162 178 147 154 265 267 184 191 102 423
Tax % 26% 27% 26% 29% 29% 26% 5% 11% 16% 22% 22% 18%
299 153 126 115 127 108 146 236 225 143 149 83 347
EPS in Rs 58.66 30.03 24.66 22.48 24.82 21.25 28.68 46.37 44.16 28.13 29.21 16.30 68.05
Dividend Payout % 41% 33% 41% 29% 60% 80% 70% 65% 62% 62% 65% 47%
Compounded Sales Growth
10 Years: 7%
5 Years: 18%
3 Years: 21%
TTM: 52%
Compounded Profit Growth
10 Years: -4%
5 Years: -12%
3 Years: -23%
TTM: 674%
Stock Price CAGR
10 Years: 22%
5 Years: 40%
3 Years: 54%
1 Year: 112%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 9%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,105 1,095 1,154 1,242 1,311 1,329 1,200 1,308 1,367 1,367 1,428 1,327 1,534
0 0 0 0 0 0 0 0 2 1 2 2 1
631 598 622 568 507 586 825 1,375 1,083 1,382 1,542 2,029 2,820
Total Liabilities 1,787 1,743 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409 4,407
203 173 143 137 152 156 158 158 159 156 150 379 404
CWIP 1 0 2 3 0 6 19 24 26 95 169 16 23
Investments 1,070 1,092 1,295 1,114 1,198 1,322 1,066 1,256 1,205 1,157 1,047 914 1,278
513 478 387 607 519 482 832 1,296 1,112 1,392 1,658 2,100 2,701
Total Assets 1,787 1,743 1,827 1,862 1,869 1,966 2,075 2,735 2,503 2,801 3,023 3,409 4,407

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 99 258 449 -184 391 141 521
145 53 -68 -30 55 36 -93 -27 -39 -142 -8 -424
-213 -113 -19 -61 -40 -92 -105 -123 -154 -142 -89 -98
Net Cash Flow -16 -22 -18 -14 -17 43 61 299 -377 107 44 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 7 6 8 11 10 36
Inventory Days
Days Payable
Cash Conversion Cycle 5 10 17 7 4 9 7 6 8 11 10 36
Working Capital Days -320 -290 -522 -446 -287 -404 -429 -761 -424 -654 -463 -539
ROCE % 33% 14% 10% 10% 11% 8% 13% 15% 16% 14% 13% 7%

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