Multi Commodity Exchange of India Ltd.
NSE: MCXMulti Commodity Exchange of India Ltd.: A 30-second snapshot
MCX trades at 2638, down 24.2% from its 52-week high and 17.67% below its level of 3 months ago, though still up 68.09% over the past year. Q1 FY27 results showed consolidated net profit of ₹413.44 crore, up 103% YoY, on standalone net sales of ₹666.59 crore, up 90.88% YoY. Trailing PE is 43.67x (forward PE 33.69x), with a mean analyst rating of 1.86 across 14 analysts (1-5 scale, lower = more constructive).
P/E
43.7
Forward P/E
33.7
ROE
—
Debt / Equity
0.11
Profit Margin
+55.6%
Div. Yield
+0.3%
5Y ROE > 15%
2/5
5Y FCF > 0
4/5
Quality
70/100
News
8 headlines · 3 positive · 0 negative
MCX India Standalone June 2026 Net Sales at Rs 666.59 crore, up 90.88% Y-o-Y - Moneycontrol.com
Moneycontrol.com
Multi Commodity Exchange of India Ltd (BOM:534091) (Q1 2027) Earnings Call Highlights: Record ... - Yahoo Finance UK
Yahoo Finance UK
MCX: Q1 FY27 saw consolidated net profit after tax surge to ₹413.44 crore, up 103% year-over-year - TradingView
TradingView
Multi Commodity Exchange of India Limited Reports Earnings Results for the First Quarter Ended June 30, 2026 - marketscreener.com
marketscreener.com
MCX Q1 FY27 Preview: Results Aug 4, Call Aug 5 — Can It Match Q4's 76% Margin? - NiftyTrader
NiftyTrader
Recent context
- ·Q1 FY27 (June 2026 quarter): standalone net sales up 90.88% YoY to ₹666.59 crore and consolidated net profit up 103% YoY to ₹413.44 crore, reported Aug 4-5, 2026 per Moneycontrol and TradingView coverage.
- ·News flow over the tracked window (8 articles) is positive-to-neutral (3 positive, 5 neutral, 0 negative), concentrated around the Q1 FY27 earnings release and earnings call.
- ·Despite the earnings beat, the stock is 24.2% below its 52-week high and down 17.67% over the past 3 months, sitting below its 50-DMA of 2793.68.
Strengths
- +Profit margin of 55.56% alongside 5-year revenue growth of 85.3% and earnings growth of 103.4%.
- +Q1 FY27 (June 2026 quarter) consolidated net profit rose 103% YoY to ₹413.44 crore on net sales up 90.88% YoY, per results reported Aug 4-5, 2026.
- +Debt-to-equity is negligible once Yahoo's percent-scaled figure (0.113) is read as a true ratio (~0.001x), and fcfPositiveYears is 4.
- +Mean analyst rating of 1.86 across 14 analysts (1-5 scale, lower = more constructive); news sentiment across the 8 tracked articles skews positive (3 positive, 5 neutral, 0 negative).
Weaknesses
- −The sector peer set compares MCX against banking/NBFC names (AXISBANK, HDFCBANK, BAJFINANCE, BAJAJFINSV, HDFCLIFE) rather than exchange peers, and 4 of 5 peers show null priceChange1Y, limiting the usefulness of the PE/ROE/quality-score rankings shown.
- −Price is down 17.67% over 3 months and 24.2% below the 52-week high, trading below the 50-DMA (2793.68) though still above the 200-DMA (2518.72).
- −roeYearsAbove15 is only 2, and the persistence data reports debtTrend as 'rising,' even though absolute leverage remains low.
- −Current ROE is reported as null in the fundamental keyMetrics block, leaving sector-relative ROE ranking unavailable.
Open questions
- ?What is driving the divergence between MCX's Q1 FY27 profit growth and its recent 3-month price decline — profit-taking after the prior year's 68% rally, sector rotation, or something else?
- ?Given that the sector peer set currently compares MCX against banks and NBFCs rather than exchange peers, what would a like-for-like comparison against other market-infrastructure or exchange businesses show for PE and quality metrics?
- ?Does the 'rising' debt trend reported in the persistence data reflect a structural shift in MCX's capital structure, or a base-effect artifact given how low absolute leverage remains?
- ?With roeYearsAbove15 at only 2 years against a currently high profit margin, does the recent profitability represent a structural improvement tied to volumes/market share, or a cyclical peak?
Peer comparison: Banking
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| MCX | Multi Commodity Exchange of India Ltd.You're viewing | 43.7 | — | 57 |
| Industry avg | across 5 peers | 30.8 | +12.7% | 51 |
| AXISBANK | Axis Bank Ltd. | 13.9 | +13.3% | 70 |
| HDFCBANK | HDFC Bank Ltd. | 16.0 | +13.8% | 66 |
| BAJFINANCE | Bajaj Finance Ltd. | 33.1 | — | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 31.7 | — | 37 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 59.1 | +10.8% | 33 |
Technical state
Current price
₹2,638.00
SMA 50
₹2,793.68
SMA 200
₹2,518.72
RSI (14)
40.5 (neutral)
From 52w high
-24.2%
1Y return
+68.1%
3M return
-17.7%
50-DMA
Below
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumThe sector peer set groups MCX, a commodities/derivatives exchange, against banking and NBFC peers (AXISBANK, HDFCBANK, BAJFINANCE, BAJAJFINSV, HDFCLIFE) rather than exchange/market-infrastructure peers, and 4 of the 5 peers show null priceChange1Y. This limits the economic relevance of the PE, ROE, and quality-score rankings reported in the sector section.
- lowPrice of 2638 is down 17.67% over the past 3 months and 24.2% below the 52-week high, trading below the 50-DMA (2793.68) while remaining above the 200-DMA (2518.72). RSI of 40.48 is in neutral territory.
- lowroeYearsAbove15 is 2 despite 5-year revenue growth of 85.3% and earnings growth of 103.4%, and the persistence block reports debtTrend as 'rising,' though absolute leverage remains negligible (Yahoo's raw debtToEquity of 0.113 is percent-scaled, i.e. roughly 0.001x on a true ratio basis).
- lowROE is reported as null in the current fundamental keyMetrics block despite a qualityScore of 57 and analyst coverage of 14, leaving sector-relative ROE ranking unavailable.
Cross-section contradictions
- News sentiment across the 8 tracked articles is positive (3 positive, 5 neutral, 0 negative) and Q1 FY27 net profit rose 103% YoY on 90.88% YoY net-sales growth, yet the stock is down 17.67% over the past 3 months and 24.2% below its 52-week high.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 11 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 9 Aug 2026 · rotates through NIFTY 500 every ~5 days