What the business is, and whether it's a good one at a fair price.
Operates India's commodity derivatives exchange, where members and their clients trade futures and options on bullion, energy, base metals and agricultural commodities. Revenue is generated from transaction fees on this trading activity. FY26 consolidated revenue was INR 2,302 crores and profit after tax INR 1,331.55 crores. Product launches have broadened participation: Gold Mini, Gold Ten futures, silver monthly options, the BULLDEX index and a Silver 100 futures contract in 100-gram lots aimed at jewelers, SMEs and retail investors. A Coal Exchange has been licensed as an independent SEBI-regulated subsidiary. Cost structure is light: other operating expenses are 11.6% of revenue, materials 9.2%, employee cost 7.8% and depreciation 3.4%.
Measured from the filed financials, judged against its Capital Markets peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MULTI COMMODITY EXCHANGE's filed financials and exchange disclosures
MULTI COMMODITY EXCHANGE is a Capital Markets company listed on NSE and BSE, trading under the symbol MCX.
Yes. Over the trailing twelve months MULTI COMMODITY EXCHANGE reported a net profit of ₹1,332 Cr on revenue of ₹2,302 Cr.
Yes. The dividend yield is 0.18% at the current price. It paid out 12% of its profit as dividend in FY26.
Effectively yes. It holds ₹820 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, MULTI COMMODITY EXCHANGE ranks 42 of 62 in Capital Markets — cheaper than 33% of them, against an industry median of 20.3×. This is a position, not a valuation judgement.
On a typical session MULTI COMMODITY EXCHANGE moves 1.58% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MULTI COMMODITY EXCHANGE appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.