Multi Commodity Exchange of India Limited
Financial trend (100/100) does the heavy lifting; valuation (1/100) is the drag.
ExpensiveOvervaluedOur blended model reads Multi Commodity Exchange of India Limited as a Hold at 45/100. We put fair value near ₹1,358.75; at ₹2,717.5 that leaves roughly 50% downside, so the stock screens overvalued by 50%. On 54.5x trailing earnings it sits pricier than the Financial Services median of about 24.3x. The price is about 21% below its 52-week high of ₹3,441.7 and 84% above the low of ₹1,478. Financial health scores 100/100, with a Piotroski F-score of 5/9. The average analyst target of ₹3,432.46 implies about 26% upside across 13 analysts. It clears 7 of 12 investability checks, with durability 94, valuation 1 and momentum 39 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹1,087.
Analyst views
1-year price
EOD · 2026-07-2952-week range
-21.04% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Hold45Piotroski F-score 5/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Pass: ROE above 15%: 37.9%
- Pass: Low debt (D/E < 0.5): 0.00x
- Pass: Positive free cash flow
- Pass: Revenue growth > 10%: 200%
- Pass: Earnings growing: 291%
- Pass: Net margin ≥ 10%: 54.8%
- Fail: Current ratio > 1.5: 1.31
- Fail: Below our fair value
- Fail: Margin of safety ≥ 20%
- Pass: Above 200-day average
- Fail: Above 50-day average
- No data: Positive 1-year return
- No data: Altman Z in safe zone
- Fail: Piotroski ≥ 7: 5/9
Quarterly results
Annual financials
Shareholding
- Promoter15.0%
- Institutions51.2%
- Public & other33.8%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Strong return on equity (37.9%).
- Lightly leveraged balance sheet.
- Healthy profit margin (54.8%).
Opportunities
- Earnings growing (291% YoY).
- Revenue growing (200% YoY).
Bear case
Threats
- Rich valuation versus sector peers.
- Trades ~50% above our estimated fair value.
About Multi Commodity Exchange of India Limited
Multi Commodity Exchange of India Limited operates a commodity derivatives exchange offering online trading across bullion, base metals, energy, and agricultural commodities. It provides iCOMDEX, a real-time commodity futures price index, alongside clearing, settlement, data feed subscription, and membership services.
Multi Commodity Exchange of India Limited — frequently asked questions
Is Multi Commodity Exchange of India Limited a buy, hold or sell?
StocksWizard currently rates Multi Commodity Exchange of India Limited (MCX) a Hold, based on a blended score of 45/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Multi Commodity Exchange of India Limited's fair value?
Our blended DCF and relative-valuation model estimates Multi Commodity Exchange of India Limited's fair value at about ₹1,358.75, versus a current price of ₹2,717.5 — roughly 50% downside. On that basis the stock looks overvalued by 50%.
Is Multi Commodity Exchange of India Limited financially healthy?
Multi Commodity Exchange of India Limited scores 100/100 on our financial-health model, with a Piotroski F-score of 5/9.
How has Multi Commodity Exchange of India Limited's share price performed?
Multi Commodity Exchange of India Limited is down 9% over three months, and last traded at ₹2,717.5. Past performance doesn't predict future returns.
More in Financial Services
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.