Is Multi Commodity Exchange (MCX) overvalued or fairly valued?

MarketChacha shows Multi Commodity Exchange's valuation in context — a forward P/E of about 34.2, a price-to-book of about 17.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Multi Commodity Exchange's revenue?

Multi Commodity Exchange reported revenue of ₹2,302 Cr for FY2026, with net profit of ₹1,332 Cr, per official filings.

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

Multi Commodity Exchange last traded at ₹2,803.90 (-0.5% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Multi Commodity Exchange

MCX · NSE · Capital Markets · India

₹2,803.90-0.5%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 9:59 AM

Snapshot

TickerMCX

ExchangeNSE

SectorCapital Markets

IndustryFinancial Data & Stock Exchanges

CountryIndia

HeadquartersMumbai, India

Market cap₹71,363 Cr

P/B17.0

Volume9.8L

Websitewww.mcxindia.com

Filings tracked0

About Multi Commodity Exchange

Multi Commodity Exchange of India Limited, a commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India. It offers iCOMDEX, a real-time commodity futures price indices; and trades in bullion, base metals, energy, and agricultural commodities. The company also provides clearing and settlement services; and data feed subscription and membership services. It has strategic alliances, consultancy, and collaboration agreements with various exchanges, such as CME Group, Dalian Commodity Exchange, London Metal Exchange, European Energy Exchange AG, Taiwan Futures Exchange, and Zhengzhou Commodity Exchange, Jakarta Futures Exchange, and Chittagong Stock Exchange Limited. The company was incorporated in 2002 and is based in Mumbai, India.

Profile as reported by Yahoo Finance.

Who owns it

Promoters15.0%
Institutions51.6%
Public & other33.4%

187 institutional holders

As reported by Yahoo Finance. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend29.0% → 57.8%

Margin has expanded by about 28.8 points — the business is getting more profitable.

Growth qualityrev 65% · PAT 108%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹741 Cr

Next fiscal year

Rev ₹3,622 Cr · EPS 81.88

Est. earnings growth +18.5%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

₹1,460.8052-wk range₹3,480.00

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Market cap

₹71,363 Cr

Day change

-0.5%

Fwd P/E

34.2

P/B

17.0

Div yield

0.21%

Beta

0.60

Revenue (FY2026)

₹2,302 Cr

Net margin

57.8%

Revenue CAGR (3y)

+64.9%

Profit CAGR (3y)

+107.5%

Net profit (FY2026)

₹1,332 Cr

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about MCX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹2,302 Cr	₹1,332 Cr	57.8%
FY2025	₹1,113 Cr	₹560 Cr	50.3%
FY2024	₹684 Cr	₹83 Cr	12.2%
FY2023	₹514 Cr	₹149 Cr	29.0%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q1	₹889 Cr	₹530 Cr	59.6%
2025Q4	₹666 Cr	₹401 Cr	60.3%
2025Q3	₹374 Cr	₹197 Cr	52.8%
2025Q2	₹373 Cr	₹203 Cr	54.4%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.