MCX - Fundamental Analysis: Financial Health & Valuation
Last Updated Time : 20 Dec 25, 11:15 pm
Back to Fundamental ListFundamental Rating: 4.1
| Stock Code | MCX | Market Cap | 52,557 Cr. | Current Price | 10,306 ₹ | High / Low | 10,516 ₹ |
| Stock P/E | 97.8 | Book Value | 409 ₹ | Dividend Yield | 0.29 % | ROCE | 31.9 % |
| ROE | 23.9 % | Face Value | 10.0 ₹ | DMA 50 | 9,590 ₹ | DMA 200 | 8,035 ₹ |
| Chg in FII Hold | -2.69 % | Chg in DII Hold | 1.41 % | PAT Qtr | 156 Cr. | PAT Prev Qtr | 157 Cr. |
| RSI | 56.3 | MACD | 156 | Volume | 3,92,173 | Avg Vol 1Wk | 3,31,299 |
| Low price | 4,408 ₹ | High price | 10,516 ₹ | PEG Ratio | 2.16 | Debt to equity | 0.00 |
| 52w Index | 96.6 % | Qtr Profit Var | 41.5 % | EPS | 105 ₹ | Industry PE | 60.8 |
- 📈 Revenue Growth: Quarterly PAT stable at ₹156 Cr vs ₹157 Cr previous, YoY profit variation +41.5%
- 💰 Profit Margins: Strong, ROE at 23.9% and ROCE at 31.9%
- ⚖️ Debt Ratio: Debt-to-equity at 0.00, debt-free balance sheet
- 💵 Cash Flows: EPS of ₹105, robust earnings base
- 📊 ROE/ROCE: Excellent efficiency, well above industry averages
- 📉 Valuation: P/E 97.8 vs Industry PE 60.8, trades at a steep premium
- 📚 Book Value: ₹409, P/B ~25.2
- 📈 PEG Ratio: 2.16, indicates stretched valuation relative to growth
- 🏢 Business Model: Leading commodity exchange providing trading in metals, energy, and agricultural contracts
- 🛡️ Competitive Advantage: Market leadership in commodity derivatives, strong regulatory backing, and robust technology infrastructure
Positive
- ✅ Debt-free operations
- ✅ Strong ROE (23.9%) and ROCE (31.9%)
- ✅ EPS of ₹105 supports valuation strength
- ✅ DII holdings increased (+1.41%)
Limitation
- ⚠️ High P/E ratio (97.8) compared to industry average (60.8)
- ⚠️ PEG ratio at 2.16 indicates stretched valuation
- ⚠️ P/B ratio ~25.2, premium valuation
- ⚠️ FII holdings reduced (-2.69%)
Company Negative News
- 📉 Reduction in foreign institutional investor holdings
- 📉 Valuation premium compared to peers
Company Positive News
- 🌍 Expansion in commodity derivatives trading volumes
- 💡 Stable quarterly PAT with strong YoY growth
- 📈 Increased DII holdings (+1.41%)
Industry
- 💹 Industry PE at 60.8, MCX trades at a steep premium
- 📈 Commodity exchange sector supported by rising demand for hedging and derivatives trading
Conclusion
MCX shows strong fundamentals with debt-free operations, high ROE/ROCE, and robust earnings growth. However, valuations are stretched with high P/E, P/B, and PEG ratios. Entry zone is attractive around ₹9,500–9,800 (near DMA 50 support). Long-term holding is favorable if trading volumes continue to expand and regulatory support remains strong, but caution is advised due to valuation risks.
Would you like me to extend this into a peer benchmarking overlay comparing MCX with NSE and BSE, or should we run a sector rotation scan to identify stronger compounding opportunities across exchanges and financial infrastructure plays?
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