Live Multi Commodity Exchange of India Share Price Chart

O 3835

H 3835

L 3835

VOL 7563

Multi Commodity Exchange of India Performance

Days Range

Low: ₹3,800.05
High: ₹3,877.85
Previous Close ₹3,763.80
Open ₹3,835.00
Volume 5,62,103
Day’s Range ₹3,800.05 - ₹3,877.85
52W Range ₹1,285.05 - ₹3,990.00
Market Cap ₹19,203 Cr

Multi Commodity Exchange of India Fundamentals

ROCE (TTM) 5.06
P/E Ratio (TTM) 26895.36
P/B Ratio 14.43
Industry P/E 39.73
Debt to Equity 0
ROE 3.37
EPS (TTM) 0.14
Dividend Yield 0.51
Book Value 261.03
Face Value 10

Multi Commodity Exchange of India Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales133.75145.77165.11191.53
Expenses137.47139.41200.38222.48
Profit before tax14.0125.44-17.44-14.41
Operating Profit5.4519.66-19.07-5.35
Net Profit5.4519.66-19.07-5.35
EPS in Rs1.073.86-3.74-1.05

About Multi Commodity Exchange of India

History

The Multi Commodity Exchange of India Limited (MCX) is recognised as an exchange under the Securities Contracts (Regulation) Act, 1956. The company was permanently recognised by the Government of India on September 26, 2003,, as an exchange that can facilitate online trading, clearing and settlement operations of commodities derivatives in India. The company became a Public Limited Company, with its name changed to Multi Commodity Exchange of India Ltd., on May 16, 2002.

The exchange focuses on providing various commodity value chain stakeholders with neutral, secure and transparent trade mechanisms. It also formulates quality parameters and certain trade regulations.

MCX began its online futures trading operations in November 2003. Thereafter, it received major equity investments in 2004 from Bank of India, Union Bank and Corporation Bank. Subsequently, it received further equity investments from State Bank of India, HDFC Bank, NSE and NABARD from 2004 to 2005. Fidelity Funds – India Focus Funds i.e. FID Funds (Mauritius) Limited also invested in the company. 

During 2017-18, the company commenced options trading with gold futures as underlying assets in mid-October, ushering a new era in price risk management. In May 2018, SEBI gave the approval for MCX to launch options in four more commodities i.e. Crude Oil, Copper, Silver and Zinc. 

MCX began facilitating futures contracts on the MCX iCOMDEX Bullion Index (BULLDEX) and Base Metal Index (METLDEX) in August 2020. It also launched Rubber Futures in FY 2020-21. In FY 2022-23, the exchange launched mini futures contracts in Base Metals.

Business Segments

As of September 2023, the following are the commodities whose futures are traded on the MCX:

  1. Bullion – This includes gold and silver contracts such as Gold, Gold Mini, Gold Guinea, Gold Petal, Silver, Silver Mini and Silver Micro.
  2. Base Metals – This list includes contracts of Alumimium, Aluminium Mini, Lead, Lead Mini, Copper, Nickel, Zinc, and Zinc Mini.
  3. Energy – Crude Oil, Crude Oil Mini, Natural Gas, and Natural Gas Mini.
  4. Agri commodities – Cotton, Crude Palm Oil, Kapas, Mentha Oil.

The exchange also provide option contract trading for some of the above mentioned commodities. These include Copper, Crude Oil, Gold, Gold Mini, Natural Gas, Nickel, Silver, Silver Mini, Zinc. 

Apart from the above commodities, there are three indices as well, which represent changes in prices in particular sectors:

  1. MCX BULLDEX
  2. MCX METLDEX
  3. MCX ENRGDEX

MCX has a 96.8% share in the commodity derivatives market as of Dec 2022. Additionally, it controls a 100% share of trading in precious metals & stones, energy & base metals. The only exception are agri-commodities where MCX has a share of 22.2% of the trading. The Exchange is ranked among the top seven commodity futures exchanges globally, based on traded volume in commodity futures. 

As of September 2023, Silver, Gold, Natural Gas and Crude Oil trading brings the most amount of revenue commodity-wise for the company. The company derives the large majority of its revenues from transaction fees. The rest comes from admission fees, annual subscription fees, terminal charges, interest income, gains from the sale of investments and other miscellaneous income. 

Subsidiary:

MCX Clearing Corporation Ltd. (MCXCCL) is a wholly-owned subsidiary of MCX, and it was set up as a separate clearing house for providing clearing and settlement services to MCX, including warehousing services.

Key Personnel

Mr. P. S. Reddy, MD and CEO

Mr. Reddy took over as MD and CEO of MCX in May 2019. He had earlier worked in a similar position at the CDSL and had also worked at BSE for around 18 years inat various capacities. Mr. Reddy Holds a Master’s Degree in Economics from the University of Hyderabad

Corporate Action

The company has not issued any rights issue, bonus shares, buybacks or stock splits in recent times.

Management Outlook

The company is planning to set up an International Exchange for facilitating trading, clearing and settlement of securities, interest rates, currencies, other assets and their derivatives to international investors operating in GIFT SEZ-IFSC.

In the long run, the company envisions a unified commodities market in India and eventually a common global market. They wish to leverage technology to create an efficient commodity market which is also a level playing field for all stakeholders in the market. To meet this goal, they are investing heavily in technology. For example, the company increased its expenditure on computer and software support by 150% between 2021-22 and 2022-23.

Parent Organisation Indian Private
Founded 2002
Managing Director Harsh Kumar Bhanwala
NSE Symbol MCX

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Indiabulls Enterprises Ltd ₹249.11

12.75

0.20 (1.59%)

12.5 - 12.9
PTL Enterprises Ltd ₹587.36

45.35

0.80 (1.80%)

44.55 - 45.4
Service Care Ltd ₹71.41

62.1

0.00 (0.00)

61 - 66.2
Madhav Marbles and Granites Ltd ₹47.69

54

1.35 (2.56%)

52.4 - 55.25
Shreeoswal Seeds & Chemicals Ltd ₹386.00

40.35

1.85 (-4.38%)

39.95 - 43

What's Trending

Multi Commodity Exchange of India FAQs

What is the Share price of Multi Commodity Exchange of India (MCX)?

Multi Commodity Exchange of India (MCX) share price as of March 1, 2024, on NSE is Rs 3,821.25 (NSE) and Rs 3,821.80 (BSE) on BSE.

Can I buy Multi Commodity Exchange of India (MCX) shares?

Yes, You can buy Multi Commodity Exchange of India (MCX) shares by opening a Demat account with Angel One.

How do I buy Multi Commodity Exchange of India (MCX) from Angel One?

Multi Commodity Exchange of India (MCX) share can be brought through the following modes:
  1. Direct investment: You can buy Multi Commodity Exchange of India (MCX) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Multi Commodity Exchange of India (MCX) shares.

Is MCX a Debt free Company?

Yes, MCX is a debt free company.

What is the main business of MCX?

The main business of MCX, India’s first listed exchange, is to provide a platform for trading in commodity derivatives with transparent price discovery and stringent risk management practices in place. Its product offerings include base metals, agri-commodities, bullion, and energy.

Who are the promoters of MCX?

None. The MCX is owned entirely by non-promoters and custodian.

What are the Subsidiaries that comes under MCX?

The wholly-owned subsidiary that comes under MCX is Multi Commodity Exchange Clearing Corporation Limited (MCXCCL).