NSE: MCX · BSE: 534091 · ISIN INE745G01043
Multi Commodity Exchange of India Limited stock analysis
Multi Commodity Exchange of India Limited ranks #2 in the TickerSutra evidence-ranked universe with a score of 84/100 and 88% data confidence. The latest captured fundamentals show ROCE of 71.3%, quarterly sales growth of 88.1% and quarterly profit growth of 103.5%.Strong candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 71.3%
- Low debt/equity of 0×
- Strong CFO/EBITDA of 1.85×
- 64.8% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹367cr | ₹161cr | ₹143cr | 44.0% |
| 2023 | ₹514cr | ₹145cr | ₹149cr | 28.0% |
| 2024 | ₹684cr | ₹63cr | ₹83cr | 9.0% |
| 2025 | ₹1,113cr | ₹665cr | ₹560cr | 60.0% |
| 2026 | ₹2,302cr | ₹1,642cr | ₹1,332cr | 71.0% |
| TTM | ₹2,631cr | ₹1,894cr | ₹1,542cr | 72.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Appointment of Chief Business Officer
RoutineMulti Commodity Exchange of India Ltd - 534091 - Appointment Of Chief Of InnovationBSE · 25 Sept 2026Appointment of Chief of Innovation
RoutineMulti Commodity Exchange of India Ltd - 534091 - Closure of Trading WindowBSE · 25 Sept 2026Closure of Trading Window
RoutineMulti Commodity Exchange of India Ltd - 534091 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 18 Sept 2026Scrutinizer''s Report for the 24th Annual General Meeting of the Company.
RoutineMulti Commodity Exchange of India Ltd - 534091 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 18 Sept 2026Voting Results of the business transacted at the 24th Annual General Meeting of the Company.
MANAGEMENT COMMENTARY
Signals from filed documents
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…