Multi Commodity Exchange Of India Ltd Stock Analysis

BSE: 534091 | NSE: MCX | Finance - Stock Broking | Mid Cap

BSE Share Price 01-Dec-2022 18:01
1572.75 10.00 (0.64%)

DeciZen - Make an Informed Decision on Multi Commodity Exch

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Multi Commodity Exch Price Chart

P/E Ratio (SA) :
56.43
Market Cap :
8,020.8 Cr.
52-wk low :
1,142.4
52-wk high :
1,833.3
Bole Toh?

1. Is Multi Commodity Exchange Of India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Multi Commodity Exchange Of India Ltd is a good quality company.

2. Is Multi Commodity Exchange Of India Ltd undervalued or overvalued?

The key valuation ratios of Multi Commodity Exchange Of India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Multi Commodity Exchange Of India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Multi Commodity Exchange Of India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Multi Commodity Exch:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Multi Commodity Exchange Of India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 27.7%12.4%9.3%8%8.4%6.9%9%13.9%12%7.6%-
Value Creation Index 1.1-0.1-0.3-0.4-0.4-0.5-0.40.0-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 524341222235259260298370345330389
YoY Gr. Rt. %--35%-34.7%5.6%10.4%0.2%14.8%24.2%-6.9%-4.4%-
Adj EPS 58.63024.522.324.820.926.840.936.823.227.9
YoY Gr. Rt. %--48.9%-18.1%-9%11%-15.8%28.4%52.8%-9.9%-36.9%-
BVPS (₹) 226.8258.1272.4289.3299.1304.4286.5303.2309.9305303.8
Adj Net Profit 299153125114126106137209188118142
Cash Flow from Ops. 52.938.569.677.7-31.9102-12920189.3119-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5%4.9%3.4%-4.4%
Adj EPS -9.8%-1.3%-4.6%-36.9%
BVPS 3.30.42.1-1.6
Share Price -0.1% 10.3% 10.9% -4.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 27.712.49.27.996.99.113.9127.69.2
Op. Profit Mgn % 6043.135.932.130.828.731.139.240.93942
Net Profit Mgn % 5744.856.248.448.740.945.856.354.535.936.5
Debt to Equity 00000000000
Working Cap Days 4437171,1631,1661,3891,5911,1968999851,021510
Cash Conv. Cycle 0-45-49-28-53-76-84-73-58-54288

Recent Performance Summary

Sales growth is good in last 4 quarters at 20.15%

Return on Equity has declined versus last 3 years average to 9.20%

Sales growth has been subdued in last 3 years 3.39%

Net Profit has been subdued in last 3 years -4.61%

Latest Financials - Multi Commodity Exchange Of India Ltd.

Standalone Consolidated
TTM EPS (₹) 27.9 34.5
TTM Sales (₹ Cr.) 389 432
BVPS (₹.) 303.8 390.5
Reserves (₹ Cr.) 1,498 1,940
P/BV 5.18 4.03
PE 56.43 45.65
From the Market
52 Week Low / High (₹) 1142.40 / 1833.30
All Time Low / High (₹) 238.30 / 2134.90
Market Cap (₹ Cr.) 8,021
Equity (₹ Cr.) 51
Face Value (₹) 10
Industry PE 17.6

Management X-Ray of Multi Commodity Exch :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Multi Commodity Exch

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Multi Commodity Exchange Of India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Multi Commodity Exch on 01-Dec-2022 18:01 is : 1,572.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Dec-2022 18:01 the market cap of Multi Commodity Exch stood at ₹ 8,020.8.
The latest PE ratio of Multi Commodity Exch as of 01-Dec-2022 18:01 is 56.43.
The latest PB ratio of Multi Commodity Exch as of 01-Dec-2022 18:01 is 5.18
The 52-week high of Multi Commodity Exch is ₹ 1,833.3 and the 52-week low is ₹ 1,142.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Multi Commodity Exch is ₹ 389.1 ( Cr.) .

About Multi Commodity Exchange Of India Ltd

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

Business area of the company

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts. It is India’s first Exchange to offer commodity options contracts, bullion index futures and base metals index futures contracts. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework.

Products

MCX provides exposure to the performance of a basket of commodities

MCX iCOMDEX

  • MCX BULLDEX
  • MCX METLDEX

Bullion

  • Gold
  • Gold Mini 
  • Gold Guinea 
  • Gold Petal 
  • Silver 
  • Silver Mini 
  • Silver Micro

Base Metals

  • Aluminium
  • Copper 
  • Lead 
  • Nickel
  • Zinc

Energy

  • Crude Oil
  • Natural Gas

Agri Commodities

  • Black Pepper
  • Cardamom 
  • Castor Seed 
  • Cotton 
  • Crude Palm Oil 
  • Kapas 
  • Mentha Oil 
  • Rubber

Awards

2008:

  • Received the “Best Bullion Exchange of the Year” award from the Bombay Bullion Association.
  • Recognised as “India’s First Green Exchange” by Priyadarshini Academy.
  • Awarded the “Golden Peacock Eco-innovation award 2008” by the Institute of Directors.

2009:

  • Received the “Sankalp Award” for Agriculture and Rural Innovation.

2010:

  • Received the “Best Commodity Exchange of the Year” award from the Bombay Bullion Association.
  • Conferred with the FICCI Socio Economic Development Foundation (SEDF) Corporate Social Responsibility Award 2009-10.
  • Received the NASSCOM Foundation Social Innovation Honours 2010.

2011:

  • Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 8th India International Gold Conventions, held at Kochi.
  • Won the Indy’s award under the category ‘Best in Corporate Social Responsibility practices’.
  • Conferred with the “Financial Inclusion Award 2011” from the SKOCH Foundation.

2012:

  • FinanceAsia awards MCX IPO as the ‘Best Mid-cap Equity Deal’ in the entire Asia-Pacific for 2012; 1st exchange in the Asia Pacific to receive this recognition.
  • MCX’s Gold Petal contract received the FOW award for ‘the most innovative contract launch by an exchange’ under the metals category.
  • Conferred with the Best Commodity Exchange of the year award by the Bombay Bullion Association at the 9th India International Gold Conventions, held at Hyderabad.
  • Conferred with the Business Superbrand award.

2013:

  • The ‘Best Commodity Exchange of the year’ award by Global Cotton Conference.

2015:

  • Honoured with the ‘Best Commodity Exchange Award’ at the India International Bullion Summit organised by IBJA.
  • Recognised as the ‘Exchange of the year for Investor Education and Awareness’ by Commodity Participants Association of India (CPAI).

2016:

  • Awarded as the ‘Best Bullion Exchange 2016’ by Assocham, September, 2016.
  • Honoured with the ‘Best Commodity Exchange’ Award 2016 at the Bullion Federation Global Convention.
  • Won the ‘Best Commodity Exchange’ Award at the 14th Commodity Futures Market Summit & Excellence Awards, organized by Assocham.

2017:

  • Recognized by Assocham, for being ‘India’s Leading Commodity Exchange and introducing new products in the Commodity Derivatives Market’, December 2017
  • Awarded the ‘Best Commodity Exchange of India’, 2017 by the PHD Chamber of Commerce and Industry
  • Awarded the ‘Best Commodity Exchange of the Year 2016-17’ at the India International Gold Convention 2017, August 2017
  • Honoured with ‘Best Bullion Exchange of the Year 2017’ award by the Bullion Federation of India, August 2017
  • Awarded the ‘Best Commodity Exchange of the Year’ 2016-17 by CPAI
  • Recognized as the ‘Best Promising Commodity Exchange 2017’ by IBJA, March, 2017
  • Honoured with ‘Exchange of the Year’ award by Assocham, March, 2017

2018:

  • Awarded the ‘Best Exchange in Bullion’ 2018, at the Assocham - 11th International Gold Summit, September 2018
  • Honoured as the ‘Best Commodity Exchange’ 2018, by PHD Chamber of Commerce and Industry, September 2018
  • Awarded the ‘Best Commodity Exchange’ at the India International Gold Convention, August 2018
  • Awarded the ‘Best Commodity Exchange’ at the Bullion Federation Global Convention (BFGC), July 2018
  • Honoured with the ‘Best Commodity Exchange’ Award, by Assocham, July 2018
  • Honoured with the ‘Best Commodity Exchange’ Award by the Commodity Participants Association of India (CPAI), June 2018
  • Honoured with the ‘Best Commodity Exchange’ Award by Indian Bullion & Jewellers Association (IBJA), March 2018

2019:

  • Awarded the ‘Best Commodity Exchange’ at the India International Gold Convention, August 2019
  • Awarded the ‘Best Exchange For Bullion, Metals and Energy’ by Commodity Participants Association of India (CPAI), July 2019
  • Honoured with the ‘Best Commodity Exchange’ Award at the India International Bullion Summit, March 2019

Milestones

  • 2002: Incorporated
  • 2003: Commenced operations on November 10
  • 2005: Licensing agreement with LME
  • 2006: Product licensing agreement with NYMEX (CME Group)
  • 2008: Became a member of the International Organisation of Securities Commissions (IOSCO)
  • 2012: Became India’s first listed exchange
  • 2013: Changes in top management and Board
  • 2015: Sign MoU with CME Group
  • 2017: Launched first-ever Gold Options contract on futures in India
  • 2018: Launched first-ever Brass futures contract in the world
  • 2018: Launched Options contract in Crude Oil, Silver, Copper & Zinc
  • 2019: Introduced real time MCX iCOMDEX Excess Return index series including composite, sectoral (bullion & metal) and single commodity ER indices.
  • 2019: Conversion of all MCX Base Metals futures contracts to delivery-based settlement mode from Both-options settlement mode from March 2019 and onwards.
  • 2019: Successfully introduced 1 gram delivery based Gold Petal Contract.
  • 2019: Signed MoU with Zhengzhou Commodity Exchange.
  • 2019: Launch of Kapas Contract.
  • 2020: Conversion of Silver Mini (5 kg) & Micro (1 kg) into delivery based contracts.
  • 2020: Launching of deliverable 'Option in goods' with Gold 100 grams and Silver 5 kg as underlying.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now