Multi Commodity Exchange of India logo

Multi Commodity Exchange of India share price

NSE: MCXBSE: 534091Capital MarketsMid Cap

Multi Commodity Exchange of India Limited · Face value ₹2 · Listed Mar 2012
Last close ₹3,180.60down ₹6.20 (0.19%)BSE ₹3,180.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹3,186.80.

28 Oct: open ₹3,160.00, high ₹3,208.00, low ₹3,132.50

52-week range of traded prices to 28 Oct 2026
₹1,762.10Low, 7 Nov 2025₹3,481.40High, 25 Sep 2026
Market cap
₹81,103 Cr157th largest listed
P/E
52.60
P/B
28.48
Dividend yield
0.25%
ROE
65.2%
ROCE
63.7%
Debt to equity
0.00
Volume, NSE
10,10,32736.9% delivered

Multi Commodity Exchange of India share price chart

Daily closes since Mar 2012, adjusted for splits and bonuses

+74.4%over a year · Nifty Financial Services Ex-Bank −9.5% · Nifty 500 −8.8%

DividendSplit, bonus, rights or demerger20-session average 16,07,192 shares a day, 43.5% delivered

About Multi Commodity Exchange of India

Multi Commodity Exchange of India Limited (MCX) runs a commodity exchange in India where producers, traders, institutions and investors trade futures and options, contracts to buy or sell later at a set price, to discover prices and manage price risk.1 It covers bullion, energy, metals and farm commodities; its wholly owned clearing corporation settles the trades, and the Securities and Exchange Board of India (SEBI) regulates it.1

Its customers are its members and their clients: commodity businesses hedging price risk, financial institutions, foreign portfolio investors, proprietary traders, investors and farmer producer organisations.2 Bullion contracts cover gold and silver; energy covers crude oil, natural gas and electricity; base metals cover copper, aluminium, zinc, lead, nickel and steel; farm contracts cover cotton, mentha oil, cottonseed wash oil, kapas and cardamom.345 Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) was incorporated in 2008 and began operations on 3 Sep 2018; it manages trade risk, collects margins (deposits against losses) and oversees payments and deliveries.67

The company was incorporated in 2002, began operations on 10 Nov 2003 and was India's first listed exchange.8 It holds 24% of Countrywide Commodity Repository Limited and 20% of India International Bullion Holding IFSC Limited, which owns India International Bullion Exchange IFSC Limited.69 Kotak Mahindra Bank held over 10% of the equity in the year to Mar 2026; at 30 Jun 2026, mutual funds held 30.07% and foreign portfolio investors 29.84%.1011 Buying more than 5% of the company needs SEBI's prior approval, and the public must hold at least 51%.12

Multi Commodity Exchange of India key points

Results

  • In the quarter to Jun 2026, MCX's consolidated total income rose 85% to ₹752 crore, EBITDA (profit before interest, tax, depreciation and amortisation) rose 98% to ₹544 crore, a 72% margin, and profit after tax rose 103% to ₹413 crore.1314
  • In the year to Mar 2026, MCX's consolidated total income rose 101% to ₹2,429 crore, EBITDA 133% to ₹1,774 crore and profit after tax 138% to ₹1,332 crore. The EBITDA margin was 73%, against 63% a year earlier.15

Market position

  • In the year to Mar 2026, MCX had about 99.07% of commodity futures turnover and 98.83% of commodity options turnover, by notional value (the value of the commodities the options cover), on Indian exchanges.16
  • By contracts traded in calendar 2025, the Futures Industry Association ranked MCX the world's largest commodity options exchange and the fourth largest commodity derivatives exchange, up from sixth in 2024.17
  • The Futures Industry Association's 2025 data ranked MCX the world's most-traded venue for gold, crude oil and natural gas options, and second for silver options.18

Trading volumes

  • In the quarter to Jun 2026, MCX's average daily turnover (the value of contracts traded on an average day) rose 47% to ₹59,674 crore in futures and 266% to ₹9,89,691 crore in options, by notional value.19
  • MCX's average daily turnover reached a record ₹5,36,048 crore in the year to Mar 2026.20
  • Futures turnover by segment2122
    Itemyear to Mar 2026year to Mar 2025
    Bullion₹129.1 lakh crore₹45.2 lakh crore
    Energy₹24.5 lakh crore₹16.7 lakh crore
    Base metals₹11.9 lakh crore₹8.1 lakh crore
    Agriculture₹0.02 lakh crore₹0.03 lakh crore
    In the quarter to Jun 2026, gold and silver made up 77% of futures turnover.
  • Options turnover by segment21
    Itemyear to Mar 2026year to Mar 2025
    Bullion₹690.7 lakh crore₹92.6 lakh crore
    Energy₹514.9 lakh crore₹402 lakh crore
    Base metals₹6.6 lakh crore₹0.5 lakh crore

Revenue mix

  • On a standalone basis, MCX's transaction fees were ₹2,090.96 crore in the year to Mar 2026, against ₹961.80 crore a year earlier, about 97% of revenue from operations. Its investment income, including mutual fund fair-value gains or losses, was ₹116.99 crore, against ₹82.93 crore.23
  • MCX's futures realisation rate (what the exchange earns per lakh of turnover) was ₹2.10 per lakh on each side of a trade in the year to Mar 2026, against ₹2.08 a year earlier.21

Members and clients

  • At 30 Jun 2026, MCX had 597 members (brokers trading on the exchange), 29,474 authorised persons (agents working under members) and 4.05 crore client codes (the identifiers members register for their clients), reaching 646 cities and towns.24
  • Clients who traded on MCX during the year to Mar 2026 rose 61.26% to 20.90 lakh.20
  • Foreign portfolio investors traded ₹11,735 crore a day on average on MCX in the year to Mar 2026, and domestic institutional investors ₹285 crore.25

Clearing and delivery

  • In the quarter to Jun 2026, MCXCCL stood between both sides of every MCX trade, with 248 clearing members, 10 clearing banks and a ₹1,444 crore settlement guarantee fund (money held to complete trades if a member defaults).26
  • At the end of March 2026, MCXCCL handled deliveries through 24 accredited warehouses and 10 accredited vaults.7
  • In the year to Mar 2026, 21 tonnes of gold were delivered through the exchange, the most in any year since it began, and 401 tonnes of silver.27

Recent events

  • On 11 Jun 2026, MCX incorporated MCX Coal Exchange of India Limited, a wholly owned subsidiary. As of its annual report of 26 Aug 2026, the company proposed to develop a regulated coal market and had yet to submit a licence application.62829
  • On 1 Jun 2026, MCX launched Silver 100 futures, with a lot size of 100 grams.28
  • On 29 Apr 2026, with one of its members, MCX launched a service letting retail investors buy physical gold and silver at live exchange prices, kept in exchange-regulated vaults or delivered to their door.30
  • On 10 Jul 2025, MCX became the first exchange in India to launch electricity futures.28

Litigation and regulatory matters

  • MCX settled its crude oil futures contract expiring on 20 Apr 2020 at minus ₹2,884 a barrel; on 24 Jun 2026 the Bombay High Court upheld that settlement and dismissed all the petitions challenging it.31
  • As of its annual report of 26 Aug 2026, Dhanera Diamonds had filed a special leave petition (a request to appeal) in the Supreme Court, yet to be listed; the company's documents give no outcome.31
  • In the year to Mar 2026, MCX paid ₹1 crore into its Investor Protection Fund and MCXCCL ₹50 lakh into its settlement guarantee fund as financial disincentives (payments imposed for lapses) for technical glitches.32
Revenue growth, 12 months
+110.2%
Net profit growth, 12 months
+136.4%

Quarter to Jun 2026, against the quarter before

Revenue
₹702 Crdown 21.03%
Net profit
₹413 Crdown 21.96%
Net margin
58.9%

Revenue by quarter

₹286 CrSep 24₹301 CrDec 24₹291 CrMar 25₹373 CrJun 25₹374 CrSep 25₹666 CrDec 25₹889 CrMar 26₹702 CrJun 26
Peak revenue ₹889 Cr, quarter to Mar 2026; lowest ₹286 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹154 CrSep 24₹160 CrDec 24₹135 CrMar 25₹203 CrJun 25₹197 CrSep 25₹401 CrDec 25₹530 CrMar 26₹413 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue286301291373374666889702
Net profit154160135203197401530413
Net margin53.8%53.1%46.5%54.4%52.8%60.3%59.6%58.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Commodity Exchange, which carries all its revenue.

Valuation

Today, against the company's own history.Multi Commodity Exchange of India PE ratio and valuation

Price to earnings

At or below today's level on 66% of 2,478 trading days over the last 10 years.

LowestHighest
Its median43.51Industry median22.04
Price to book

At or below today's level on 94% of 1,986 trading days since Oct 2018.

LowestHighest
Its median4.47Industry median2.58
Dividend yield

At or below today's level on 16% of 2,426 trading days over the last 10 years.

LowestHighest
Its median1.33%Industry median1.06%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+125.3%+137.8%−5.4%0.3%
3 years+99.4%+107.4%−4.1%0.4%
5 years+51.9%+42.6%+6.0%0.7%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026. The company has no promoter group.Multi Commodity Exchange of India shareholding pattern

Shareholding by group

  • Foreign institutions27.07%
  • Indian institutions55.16%
  • Governments0.01%
  • Individuals and others17.57%
  • Employee trusts0.19%
Holder
KOTAK MAHINDRA BANK LIMITEDBanks15.00%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I2.98%
SBI LIFE INSURANCE CO. LTDInsurance companies1.92%
NEW WORLD FUND INCForeign portfolio investors, category I1.58%
AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF01213/0Insurance companies1.17%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: foreign institutions −2.77 pts, Indian institutions +4.35 pts, mutual funds +3.88 pts.

Mutual fund holdings

401 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 134 of the 213 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 401 funds holding Multi Commodity Exchange of India

Bought for the first time
16
Bought again
15
Added
127
Cut
86
Held unchanged
154
Sold out
9
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Multi Commodity Exchange of India insider trading

Bought on the market Sold on the market
  • Others1 purchase, 3 sales₹0.18 Cr₹2.00 CrNet−₹1.81 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Multi Commodity Exchange of India competitors and peers

Capital Markets, 73 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Multi Commodity Exchange of India in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
ICICI Prudential Asset Management Company logoICICI Prudential Asset Management CompanyICICIAMC1,37,83439.0025.81––66.2%85.0%2.05%
Billionbrains Garage Ventures logoBillionbrains Garage VenturesGROWW1,19,38744.3210.32––28.5%30.2%0.00%
HDFC Asset Management Company logoHDFC Asset Management CompanyHDFCAMC98,68733.1411.45+14.7%+8.5%36.4%39.7%2.35%
SBI Funds ManagementSBIFUNDS94,112–12.45––––0.00%
Nippon Life India Asset Management logoNippon Life India Asset ManagementNAM-INDIA59,04436.5212.38+24.3%+21.1%35.3%41.4%2.38%
Motilal Oswal Financial Services logoMotilal Oswal Financial ServicesMOTILALOFS58,36829.484.53+14.6%−28.8%16.5%11.7%0.62%
360 ONE WAM logo360 ONE WAM360ONE42,50234.09–+29.4%+10.7%12.7%9.8%1.36%
Anand Rathi Wealth logoAnand Rathi WealthANANDRATHI37,60282.7129.30+20.7%+32.4%43.5%30.9%0.33%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Multi Commodity Exchange of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

3Mar 173.4Mar 184Mar 196Mar 205.5Mar 213.5Mar 223.8Mar 231.5Mar 246Mar 258Mar 26
Highest ₹8.00 a share, year to Mar 2026.
Ex-dateTypePer share
28 Aug 2026Final₹8.00
8 Aug 2025Final₹30.00
19 Sep 2024Final₹7.64
15 Sep 2023Final₹19.09
19 Sep 2022Final₹17.40
26 Aug 2021Final₹27.60
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Multi Commodity Exchange of India announcements

Multi Commodity Exchange of India share price by year

Each calendar year to 2025.Multi Commodity Exchange of India share price history

YearClose at year endChangeHighest closeLowest close
20252,227.20+78.6%2,227.20904.11
20241,246.82+94.8%1,384.00606.45
2023639.97+105.9%662.14264.03
2022310.84−1.8%332.02230.18
2021316.56−8.5%413.55290.20
2020346.14+48.2%361.17172.83
2019233.61+58.9%237.40130.63
2018147.00−19.4%190.10133.47
2017182.31−28.1%256.16181.29
2016253.50+36.9%274.94148.05
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20263,115.103,200.003,098.003,186.803,163.5015,27,95948.2%
26 Oct 20263,000.003,135.002,985.003,111.803,087.6012,47,98035.5%
23 Oct 20263,095.003,113.402,985.503,020.303,020.669,31,83930.2%
22 Oct 20263,087.003,113.703,014.703,113.703,067.7010,85,50733.9%
21 Oct 20263,205.003,212.303,076.603,087.003,121.0012,58,48342.7%
19 Oct 20263,160.003,224.403,155.603,184.503,192.5611,55,78845.6%
16 Oct 20263,212.603,219.903,122.703,162.003,160.6121,82,61252.8%
15 Oct 20263,244.003,248.003,174.003,216.403,209.6818,81,08750.0%
14 Oct 20263,308.003,308.003,222.003,250.503,253.2013,99,61243.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
2 Jan 2026Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
HARSH KUMAR BHANWALA
At the end of the quarter to Sep 2026
Managing director and CEO
PRAVEENA RAI
At the end of the quarter to Sep 2026
NSE symbol
MCX
BSE code
534091
ISIN
INE745G01043
Industry
Capital Markets
CIN
L51909MH2002PLC135594
Corporate identity number, the registrar of companies' code for it
Incorporated
2002
Registered office
Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai 400093, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments