Financials Multi Commodity Exchange of India Limited

Equities

MCX

INE745G01035

Financial & Commodity Market Operators

Market Closed - NSE India S.E. 07:43:48 2024-04-26 am EDT 5-day change 1st Jan Change
4,168 INR +0.17% Intraday chart for Multi Commodity Exchange of India Limited +9.91% +30.25%

Valuation

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 41,135 57,335 77,158 72,186 77,339 212,551 - -
Enterprise Value (EV) 1 39,954 53,266 66,202 54,298 62,554 170,824 204,129 199,494
P/E ratio 28.1 x 24.2 x 34.2 x 50.2 x 51.8 x 205 x 45.8 x 37.4 x
Yield 2.48% 2.67% 1.83% 1.23% 1.26% 0.27% 1.19% 1.65%
Capitalization / Revenue 13.7 x 15.3 x 19.8 x 19.7 x 15.1 x 25 x 23.1 x 19.2 x
EV / Revenue 13.3 x 14.2 x 17 x 14.8 x 12.2 x 25 x 22.2 x 18 x
EV / EBITDA 42.5 x 34.4 x 35.8 x 33.5 x 41.8 x 266 x 35.3 x 27.2 x
EV / FCF 17.4 x 12.6 x -32.2 x 17.6 x 89.2 x 76.6 x 33.8 x 30.1 x
FCF Yield 5.74% 7.95% -3.1% 5.7% 1.12% 1.31% 2.95% 3.32%
Price to Book 3.29 x 4.22 x 4.09 x 5.09 x 5.22 x 14.2 x 13.4 x 11.6 x
Nbr of stocks (in thousands) 50,998 50,998 50,998 50,998 50,998 50,998 - -
Reference price 2 806.6 1,124 1,513 1,415 1,516 4,168 4,168 4,168
Announcement Date 4/25/19 5/30/20 5/22/21 5/16/22 5/20/23 4/23/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,000 3,742 3,906 3,668 5,135 6,836 9,211 11,091
EBITDA 1 939.6 1,547 1,851 1,622 1,497 643.1 5,788 7,340
EBIT 1 785.1 1,365 1,631 1,395 1,281 283.8 5,340 6,734
Operating Margin 26.17% 36.49% 41.75% 38.03% 24.95% 4.15% 57.97% 60.71%
Earnings before Tax (EBT) 1 1,533 2,653 2,667 1,853 1,956 1,035 6,114 7,119
Net income 1 1,462 2,365 2,252 1,434 1,490 831.1 4,637 5,770
Net margin 48.74% 63.21% 57.67% 39.11% 29.01% 12.16% 50.34% 52.02%
EPS 2 28.75 46.48 44.25 28.18 29.27 16.30 90.96 111.5
Free Cash Flow 1 2,292 4,237 -2,055 3,093 701.5 2,660 6,031 6,624
FCF margin 76.38% 113.23% -52.62% 84.33% 13.66% 38.08% 65.48% 59.72%
FCF Conversion (EBITDA) 243.89% 273.91% - 190.73% 46.86% 332.31% 104.2% 90.25%
FCF Conversion (Net income) 156.7% 179.14% - 215.63% 47.09% 285.45% 130.07% 114.79%
Dividend per Share 2 20.00 30.00 27.70 17.40 19.09 11.40 49.74 68.71
Announcement Date 4/25/19 5/30/20 5/22/21 5/16/22 5/20/23 4/23/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,009 969.7 876 831.9 895.5 1,065 1,088 1,274 1,436 1,338 1,458 1,589 1,815 2,060 -
EBITDA 1 486.8 442.4 368.5 338 382.7 532.3 492.6 642.5 327.4 20.7 106.9 -161.3 232.2 1,224 -
EBIT 428 381 301.8 272.1 315.8 505 - - 284.9 - - - -2 - -
Operating Margin 42.42% 39.29% 34.45% 32.71% 35.27% 47.44% - - 19.84% - - - -0.11% - -
Earnings before Tax (EBT) 1 675.2 495.4 514.7 427 460.1 445.9 527 767.2 477.8 - 267 -27.33 74.67 1,213 -
Net income 1 718 384.4 398 326.6 344.6 365.3 414.6 632.7 387.9 54.5 196.6 -29.75 1.572 945.5 -
Net margin 71.16% 39.64% 45.43% 39.26% 38.48% 34.31% 38.11% 49.66% 27.02% 4.07% 13.49% -1.87% 0.09% 45.91% -
EPS 2 14.10 7.550 7.820 6.420 - 7.180 - - - - 3.860 -0.6792 -0.5189 19.86 -
Dividend per Share 2 - 27.70 - - - 17.40 - - - 19.09 - - - 14.30 -
Announcement Date 1/21/21 5/22/21 7/24/21 10/23/21 1/29/22 5/16/22 7/30/22 10/22/22 2/4/23 5/20/23 7/29/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,182 4,069 10,956 17,888 14,786 8,697 8,422 13,057
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,292 4,237 -2,055 3,093 702 2,661 6,031 6,624
ROE (net income / shareholders' equity) 11.1% 18.1% 12.3% 10.1% 10.3% 6.24% 29.2% 31.4%
ROA (Net income/ Total Assets) - - 8.6% 5.41% 5.12% 2.7% 12.5% 14.4%
Assets 1 - - 26,186 26,515 29,116 34,520 37,095 40,210
Book Value Per Share 2 245.0 267.0 370.0 278.0 290.0 294.0 310.0 358.0
Cash Flow per Share - - - - - - - -
Capex 1 272 255 211 820 713 2,147 458 482
Capex / Sales 9.05% 6.81% 5.4% 22.35% 13.88% 30.73% 4.98% 4.35%
Announcement Date 4/25/19 5/30/20 5/22/21 5/16/22 5/20/23 4/23/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4,168 INR
Average target price
3,788 INR
Spread / Average Target
-9.11%
Consensus
  1. Stock Market
  2. Equities
  3. MCX Stock
  4. Financials Multi Commodity Exchange of India Limited