Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited (MCX) is a mid-cap Financial Services company valued at ₹80,621 crore operating in Exchange and Data Platform on the NSE and BSE.

Recent price move

Multi Commodity Exchange of India Limited last traded at ₹3,162, modestly down 1.69% on the day.

Recent developments

2026-10-09: Gold and silver prices rebounded on MCX as US Treasury yields fell, the dollar weakened, and central banks increased buying. 2026-10-07: Gold and silver prices declined on MCX due to concerns over interest rates, a stronger dollar, and higher crude oil prices. 2026-10-02: Gold prices fell 0.6% on MCX ahead of US Jobs data, pressured by a stronger dollar and higher Treasury yields. 2026-09-29: Gold fell below ₹1.47 lakh per 10 grams on MCX as markets anticipated a Fed rate hike, driven by higher US Treasury yields and a stronger dollar.

Financial performance

The company's business is improving, with annual revenue and net profit both rising sharply. Annual revenue grew 106.8% year-over-year, and net profit surged 137.9%. The latest quarter saw revenue and net profit jump 88.2% and 103.4% respectively compared to the same quarter a year earlier. Net profit margin widened to 57.9% from 50.3% in the prior year, and return on equity remains strong at 56.3%.

Valuation multiples

The stock trades at 60.5 times earnings, a premium to the Financial Services median of 19.3, 26.47 times book value. It yields 0.2%.

Things to watch

The stock is 4.7% below its 52-week high. Gold and silver prices on MCX have been volatile, with declines linked to interest rate concerns, a stronger dollar, and higher Treasury yields. The company's performance is closely tied to commodity price movements, which have shown recent weakness.

Where it stands

The company has delivered strong revenue and profit growth over the past year and quarter, with net profit margins expanding. However, recent gold and silver price declines on MCX have pressured the stock, which is now trading below its 52-week high. The most significant movement is the 4.7% drop from its 52-week high.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.