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Multi Commodity Exchange of India Ltd . Mid Cap

BSE: 534091 | NSE: MCX
20/04/2021 4:00:00 PM
1468.20 -23.65   (-1.59%)
BSE: price shown with 5 mins delayed.
Prev. Close 1491.85
Open Price 1504.00
Volume Traded 19573.00


Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 33.13 52.53 54.67 28.33 22.59 22.48 24.82 21.25 28.67 46.37
Net Sales (Rs. Cr.) 368.89 545.11 523.96 340.67 222.49 234.93 358.63 350.41 300.03 374.15
Adjusted Net Profit 170.08 282.25 263.69 121.83 87.19 89.35 126.59 108.36 155.53 218.47
Book Value/ Share(Rs.) 166.04 196.53 226.68 224.69 236.22 253.62 267.14 270.68 245.27 266.55
Cash Flow 13.48 28.31 -15.64 -22.07 -18.05 -14.32 -16.71 43.27 61.02 298.55
Debt to Cash Flow from Operations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
RONW 22.43 31.07 24.49 10.58 7.42 7.15 9.53 7.90 11.12 18.12
ROCE % 31.27 41.69 32.18 13.12 8.58 8.65 11.59 9.40 9.64 15.41
Net Operating Profit Margin % 73.30 77.69 74.09 58.73 64.34 42.80 52.17 46.56 56.37 75.77
Net Profit Margin % 46.92 52.57 50.33 35.76 39.19 25.40 33.64 30.80 48.74 63.21
Debt / Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield % 0.00 1.89 2.88 2.04 0.89 0.78 2.24 2.17 1.52 2.04
Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 33.07 56.37 58.56 29.95 24.52 22.31 24.76 20.85 26.76 40.89
Net Sales (Rs. Cr.) 368.89 630.17 643.07 340.67 222.49 234.93 259.44 259.84 298.35 370.44
Adjusted Net Profit 169.80 281.90 263.21 121.47 86.89 88.65 107.99 77.51 147.43 192.22
Book Value/ Share(Rs.) 165.96 196.35 226.41 224.34 235.73 252.9 266.43 269.86 286.83 303.24
Cash Flow 13.36 28.45 -15.71 -22.12 -18.02 -14.24 -16.70 43.24 -42.55 -0.89
Debt to Cash Flow from Operations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
RONW 0.00 31.05 24.47 10.57 7.41 7.12 9.54 7.78 9.33 13.86
ROCE % 31.24 41.68 32.17 13.11 8.57 8.65 11.60 9.22 9.30 15.39
Net Operating Profit Margin % 73.22 67.06 60.13 58.61 64.19 63.94 52.14 46.41 52.00 69.22
Net Profit Margin % 46.85 45.35 40.83 35.66 39.05 37.74 33.59 30.72 45.75 56.29
Debt / Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.13 0.00
Dividend Yield % 0.00 1.89 2.88 2.04 0.89 0.78 2.24 2.17 1.52 2.04

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 42.17 49.47
TTM Sales (Rs. Cr.) 362.98 398.87
BVPS (Rs.) 291.56 256.46
Reserves (Rs. Cr.) 1435.98 1256.95
P/BV 5.04 5.72
PE 34.82 29.67859
From the Market
52 Week High / Low (Rs) 1875/950
All Time High / Low (Rs) 1617/238.3
Volume Traded 19573
Market Cap (Rs. Cr.) 7487.82
Equity (Rs. Cr.) 51
Face Value (Rs) 10
Industry PE 0

Quarterly Results

Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 104.59 63.13 106.31 88.95
Adjusted EPS (Rs) 11.21 9.82 8.72 12.43
Net Profit Margin % 54.64 79.30 41.81 71.29
Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 105.28 73.01 119.68 100.90
Adjusted EPS (Rs) 12.84 11.06 11.48 14.08
Net Profit Margin % 62.22 77.29 48.92 71.16

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
IMEC Services Ltd 0.86 4.3 0.01 -95.88
Jaykay Enterprises Ltd 39.1 170.1 0 -25.00
Sukhjit Starch & Chemicals Ltd 192.35 283.9 0 -41.70
Thomas Cook (India) Ltd 43.15 1632.26 -24.91 -94.17
NESCO Ltd 469.5 3308.1 233.79 -49.96
Multi Commodity Exchange of India Ltd 1468.2 7487.82 208.52 -30.25
Computer Age Management Services Ltd 2138.05 10439.14 164.07 -26.74
Indian Energy Exchange Ltd 353.1 10577.34 177.92 -13.59
Affle India Ltd 5342.25 13620.8 32.89 7.39
Tube Investments of India Ltd 1101.1 21231.07 0 -35.11
Gujarat Gas Ltd 544.35 37472.52 1193.32 -37.62



23387.09 280.75   (1.22%)


47705.80 -243.62   (-0.51%)
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2021/03/30 18:21

MCX director resigns With immediate effect

Multi Commodity Exchange of India announced that Padma Raghunathan has tendered her resignation as a Shareholder Director with immediate effect due to her superannuation from the services of NABARD.

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About Company

The Multi Commodity Exchange of India Ltd is a deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956; based on value of commodity futures contracts traded. The company is a demutualised exchange and received permanent recognition from the Government of India on September 26, 2003, to facilitate nationwide online trading, clearing and settlement operations of commodities derivatives. Multi Commodity Exchange of India Ltd was originally incorporated as a private limited company under the Companies on April 19, 2002 as Multi Commodity Exchange of India Private Limited. Subsequently, the company was converted into a public limited company and consequently the name was changed to Multi Commodity Exchange of India Limited on May 16, 2002.MCX commenced online futures trading in November 2003. The company received non-promoter equity participation for the first time in the year 2004 when Bank of India, Union Bank and Corporation Bank invested in the Equity Shares of the company. Since then, it has received equity participation from various banks and financial institutions, including State Bank of India in July 2004, HDFC Bank Limited in March 2005, the NSE in May 2005 and NABARD in June 2005. Fidelity Funds-India Focus Funds (FID Funds (Mauritius) Limited) also invested in equity Shares of the company. MCX offers trading in varied commodity futures contracts across segments including bullion, industrial metals, energy and agricultural commodities. 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. The Exchange has an extensive national reach, with 709 registered members, operating through more than 5,80,000 trading terminals (including CTCL), spanning over 1700+ cities and towns across India as at the end of 2015-16. MCX is India's leading commodity derivatives exchange with a market share of 88.8 per cent in terms of the value of commodity futures contracts traded in the quarter ended June 2016.With an aim to seamlessly integrate with the global commodities ecosystem, MCX has forged strategic alliances with leading international exchanges such as CME Group, London Metal Exchange (LME), Dalian Commodity Exchange (DCE) and Taiwan Futures Exchange (TAIFEX). The Exchange has also tied-up with various trade bodies, corporates, educational institutions and R&D centres across the country. These alliances enable the Exchange in improving trade practices, increasing awareness, and facilitating overall improvement of the commodity market. MCX has been certified with three ISO standards, ISO 9001:2008 Quality Management System, ISO 27001:2013 Information Security Management Standard and ISO 14001:2004 Environment Management Standard. On November 20, 2013, MCX signed a Memorandum of Understanding with the China-based Dalian Commodity Exchange to facilitate potential collaboration in knowledge sharing and research between the two large Asian exchanges.The commodity derivatives exchanges, which were regulated by the Forward Markets Commission (FMC) under the Ministry of Finance, Government of India, are, consequent upon the merger of FMC with the Securities and Exchange Board of India (SEBI) with effect from 28 September 2015, being regulated by SEBI. Upon the said merger and the consequent repeal of Forward Contracts (Regulation) Act, 1952 (FCRA), the Company, being a recognised association under FCRA, is now deemed to be a recognised stock exchange under the Securities Contracts (Regulation) Act, 1956 (SCRA). The rules, directions, guidelines, etc., issued by FMC or the Central Government are to remain in force for a period of one year from 28 September 2015 or till such time as notified by SEBI. Accordingly, pursuant to the power vested for regulating stock exchanges, SEBI has vide circular dated 26 November 2015, stipulated timelines for commodity derivatives exchanges complying with various provisions of SCRA, the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, (SECC Regulations) and SEBI Circular no. CIR/MRD/ DSA/33/2012 dated 13 December 2012, on Procedural Norms on Recognition, Ownership and Governance for Stock Exchanges and Clearing Corporations' (Procedural Norms). SEBI has allowed time up to one year from 28 September 2015 for commodity exchanges to comply with, barring certain requirements, as have been notified by SEBI and applicable to stock exchanges.The SECC Regulations, inter alia, prescribe the eligibility for acquiring or holding shares by stakeholders who need to comply with the fit and proper criteria provided in the SECC Regulations. Further, SEBI has, vide its circular dated 1 January 2016, issued detailed guidelines for monitoring the shareholdings in listed stock exchanges. The said circular, inter alia, prescribes modalities to ensure compliance with the provisions of SECC Regulations by the listed stock exchange and depositories. The Company, being the only listed stock exchange, has implemented the same to the extent possible and for remaining aspects is coordinating with the National Securities Depository Limited, Central Depository Services (India) Limited, BSE Limited (BSE), the National Stock Exchange of India Limited (NSE) and Karvy Computershare Private Limited, the Company's Registrar and Share Transfer Agents.The Company and GIFT SEZ Limited, a wholly owned subsidiary of Gujarat International Finance Tec-City Company Limited (GIFTCL) at GIFT City, Gandhinagar signed a MOU in August 2015 for setting up of an International Exchange that will provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives to international investors in GIFT SEZ-IFSC. The Company would take further steps to set up the said international exchange once the regulatory guidelines and other policies of the government are issued for entities to be set up at the GIFT City.In April 2016, an addendum was signed to the existing MOU between the Company and China-based Dalian Commodity Exchange to extend strategic co-operation.During the year 2016, the Company has signed MOUs with eight educational universities and institutions - Amity Business School (Uttar Pradesh), Banasthali University (Rajasthan), Chitkara University (Punjab), Christ University (Karnataka), ITM Group of Institutions (Maharashtra), KIITS School of Rural Management (Odisha), Kredent Eduedge (West Bengal) and N. L. Dalmia Institute of Management Studies and Research (Maharashtra) thereby re-emphasizing its commitment toward financial literacy in commodity derivatives and its endeavour in reaching out to a larger number of market participants.During the year 2017, the Company commenced futures trading in Castor Seed. With the launch of new contract, the Company expanded the existing basket of agricultural products being traded on its platform. Further, the Exchange introduced a facility of disseminating cotton prices in Candy in order to cater to participants who want information of cotton prices in Candy. The Exchange made upward revision in its fee charged to members with effect from 1 October 2016.Pursuant to the Consent Terms between the Company and Metropolitan Stock Exchange of India Ltd. (MSEI) filed with and taken on record by the Hon'ble Bombay High Court, the Company has since received necessary approval and no objection from SEBI for conversion of warrants of MSEI into its Equity Shares. Accordingly, the Company vide its letter dated 29 September 2016 to MSEI has exercised the conversion right of 26,51,77,600 warrants issued as per the Scheme of Reduction cum Arrangement into 26,51,77,600 Equity shares of Rs1 each. The Equity shares have since been allotted and credited to demat account of the Company on 3 October 2016. As per the consent terms, an amount of 15,07,40,072/- has been received on 14 October 2016 towards balance 15,07,40,072 warrants.During the year 2017, the Company signed a Memorandum of Understanding (MoU) with Singapore Diamond Investment Exchange (SDiX), the world's first and only commodity exchange trading in physically settled diamonds for cooperation, in areas such as knowledge sharing and research, standardization of product for Indian markets and enhancing transparency in pricing. The exchanges through this MoU also have agreed to work towards assisting stakeholders in India's diamond industry by introducing international best practices in price risk management and price discovery through innovative spot and derivative market operations. The move will also foster sharing of information between the exchanges.During the year under review, as part of its commitment toward financial literacy in commodity derivatives and endeavour to reach out to a larger number of market participants, the Company signed MoUs with 11 educational universities and institutions. The 11 educational institutions are - Mandsaur University (Madhya Pradesh), Marwari University (Gujarat), Vinobha Bhave University (Jharkhand), Lal Bahadur Shastri Institute of Management (Delhi), Navitas Resources Pte. Ltd. (Singapore), Imaticus Learning Pvt. Ltd. (Maharashtra), Loyola Institute of Business Administration (Tamil Nadu), EduedgePro Pvt. Ltd. (Maharashtra), Symbiosis Centre for Management & Human Resource Development (Maharashtra), Gnanam Business School (Tamil Nadu) and Pondicherry University (Pondicherry). Pursuant to these MoUs Awareness Programmes and Classroom Sessions on Commodity Derivatives were organised with some of these institutions for their students and faculty.During 2016-17, the company signed a MoU with The Institute of Companies Secretaries of India (ICSI) to jointly conduct interactive sessions, faculty development programmes, research, conferences and other activities with the objective of achieving knowledge creation and spreading awareness about the benefits of commodity price risk management. Similarly, the Company signed an agreement with Indira Gandhi Institute of Development Research (IGIDR) to support and undertake research on contemporary issues of relevance in India's commodity derivatives market.During the year 2018, the Exchange joined hands with Confederation of Indian Textile Industry (CITI) and Northern India Textiles Mills' Association (NITMA) to engage in various education initiatives with their members and other relevant stakeholders of the industry. Further, the Company signed a Memorandum of Understanding (MOU) with Mahindra Agri Solutions Ltd., a wholly owned subsidiary of Mahindra and Mahindra, to provide agriculture related price information. During FY2018, in terms of the stock selection criteria prescribed by SEBI, National Stock Exchange of India Limited (NSE) introduced trading on Futures & Options contracts on the securities of MCX with effect from 28 April 2017. SEBI (Stock Brokers and Sub - brokers) Regulations, 1992 was amended, thereby integrating the broking activities in Equity Markets and Commodity Derivatives Markets under single entity. The Product Design and Risk Management Framework for Options on Commodity Futures was issued on 13 June 2017. It provides for the eligibility criteria for selection of underlying commodity futures for options and the product design for options on commodity futures. The Reserve Bank of India (RBI) permitted Banks to become Professional Clearing Member (PCM) at Commodity Derivatives Exchanges to offer clearing & settlement services to the trading members/clients of the Exchange. It also permitted Bank subsidiaries to offer broking services in commodity derivatives segment.During 2017-18, the Company commenced trading in options on gold futures in mid-October, a momentous landmark in the history of the Indian commodity derivatives market, as it is expected to usher in a new era in price risk management for various stakeholders.MCX in association with Thomson Reuters launched Thomson Reuters-MCX India Commodity Indices (iCOMDEX) on 26 September 2017. The Exchange shall be able to launch derivative contracts on such indices at an opportune time, once SEBI approves derivatives on intangibles, including commodity indices. Another major initiative taken during the year was the commencement of trading in Brass Futures contract on 26 March 2018 marking the first time that a Brass Futures contract was traded on an organised exchange anywhere in the world. The Exchange also launched futures contracts on Black Pepper and RBD Palmolein during the year.In May 2018, the Company received approval from SEBI for launching options in four more commodities - Crude Oil, Copper, Silver and Zinc - which have also been made available for trading. Company received approval from SEBI for launching options in four more commodities - Crude Oil, Copper, Silver and Zinc - which have also been made available for trading.