āagmanLoginNot investment advice. Data and computed figures, for information only.
Multi Commodity Exchange of India Ltd
₹3,216.40
−₹34.10 (−1.05%)
NSE · 15 Oct 2026, close
Market Cap
₹84,611 Cr
CMP
₹3,216.40
52-wk High / Low
₹11,219 / 2,126
P/E
54.9
P/B
29.6
Book Value
₹112.0
Div Yield
0.24%
ROCE
71.0%
ROE
56.3%
Face Value
₹2
D/E
0.00
Price−63.0% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹363
√(22.5 × EPS × book value per share)
ROIC
43.2%
vs 10.0% sector median
Cash flow to profit
2.28
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+576
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
48.9%
ROE × earnings retention ratio
ROE stability
15.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Cash-accrual divergence
−28.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+Piotroski F-Score of 7/9 is in the strong band (≥7)
Watch-outs
−Price is 71.3% below its 52-week high
−Annualised volatility of 164.7% is in the high band (≥45%)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 146 | 165 | 192 | 181 | 234 | 286 | 301 | 291 | 373 | 374 | 666 | 889 | 702 |
| Expenses | 136 | 195 | 212 | 79 | 102 | 106 | 108 | 131 | 132 | 132 | 172 | 224 | 208 |
| Operating Profit | 9 | −30 | −21 | 102 | 133 | 179 | 193 | 160 | 241 | 242 | 494 | 665 | 494 |
| OPM % | 6.2% | −18.2% | −10.9% | 56.4% | 56.8% | 62.6% | 64.1% | 55.0% | 64.6% | 64.7% | 74.2% | 74.8% | 70.4% |
| Other Income | 20 | 19 | 18 | 20 | 19 | 26 | 24 | 30 | 33 | 27 | 31 | 36 | 50 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 7 | 11 | 14 | 13 | 14 | 15 | 22 | 17 | 20 | 22 | 19 | 21 |
| Profit before tax | 25 | −17 | −14 | 108 | 138 | 191 | 202 | 168 | 256 | 249 | 503 | 682 | 523 |
| Net Profit | 20 | −19 | −5 | 88 | 111 | 154 | 160 | 135 | 203 | 197 | 401 | 530 | 413 |
| EPS (₹) | 0.77 | −0.75 | −0.21 | 3.45 | 4.35 | 6.02 | 6.28 | 5.31 | 7.97 | 7.74 | 15.73 | 20.78 | 16.21 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 222 | 235 | 259 | 260 | 300 | 398 | 391 | 367 | 514 | 684 | 1,113 | 2,302 | 2,631 |
| Expenses | 135 | 160 | 180 | 184 | 206 | 219 | 205 | 206 | 369 | 621 | 447 | 660 | 736 |
| Operating Profit | 88 | 75 | 80 | 76 | 94 | 178 | 185 | 161 | 145 | 63 | 665 | 1,642 | 1,894 |
| OPM % | 39.6% | 31.9% | 30.9% | 29.2% | 31.3% | 44.7% | 47.3% | 43.9% | 28.2% | 9.2% | 59.7% | 71.3% | 72.0% |
| Other Income | 110 | 111 | 117 | 88 | 75 | 105 | 104 | 46 | 68 | 75 | 98 | 127 | 144 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 26 | 25 | 19 | 17 | 15 | 18 | 22 | 23 | 22 | 36 | 64 | 78 | 81 |
| Profit before tax | 170 | 162 | 178 | 147 | 154 | 265 | 267 | 184 | 191 | 102 | 699 | 1,690 | 1,957 |
| Net Profit | 126 | 115 | 127 | 108 | 146 | 236 | 225 | 143 | 149 | 83 | 560 | 1,332 | 1,542 |
| EPS (₹) | 4.93 | 4.50 | 4.96 | 4.25 | 5.73 | 9.27 | 8.83 | 5.63 | 5.84 | 3.26 | 21.96 | 52.22 | 60.46 |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | — |
| Reserves | 1,154 | 1,242 | 1,311 | 1,329 | 1,200 | 1,308 | 1,367 | 1,367 | 1,428 | 1,327 | 1,833 | 2,797 | — |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 1 | 5 | — |
| Other Liabilities | 622 | 568 | 507 | 586 | 825 | 1,375 | 1,083 | 1,382 | 1,542 | 2,029 | 2,440 | 4,648 | — |
| Total Liabilities | 1,827 | 1,862 | 1,869 | 1,966 | 2,075 | 2,735 | 2,503 | 2,801 | 3,023 | 3,409 | 4,325 | 7,501 | — |
| Fixed Assets | 143 | 137 | 152 | 156 | 158 | 158 | 159 | 156 | 150 | 379 | 412 | 417 | — |
| CWIP | 2 | 3 | 0 | 6 | 19 | 24 | 26 | 95 | 169 | 16 | 18 | 31 | — |
| Investments | 1,295 | 1,114 | 1,198 | 1,322 | 1,066 | 1,256 | 1,205 | 1,157 | 1,047 | 914 | 1,401 | 2,949 | — |
| Other Assets | 387 | 607 | 519 | 482 | 832 | 1,296 | 1,112 | 1,392 | 1,658 | 2,100 | 2,494 | 4,104 | — |
| Total Assets | 1,827 | 1,862 | 1,869 | 1,966 | 2,075 | 2,735 | 2,503 | 2,801 | 3,023 | 3,409 | 4,325 | 7,501 | — |
Cash Flows
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 38 | 70 | 78 | −32 | 99 | 258 | 449 | −184 | 391 | 141 | 442 | 950 | 3,035 |
| Cash from Investing Activity | 53 | −68 | −30 | 55 | 36 | −93 | −27 | −39 | −142 | −8 | −346 | −751 | −2,399 |
| Cash from Financing Activity | −113 | −19 | −61 | −40 | −92 | −105 | −123 | −154 | −142 | −89 | −98 | −40 | −154 |
| Net Cash Flow | −22 | −18 | −14 | −17 | 43 | 61 | 299 | −377 | 107 | 44 | −2 | 159 | 481 |
Ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 14.0 | 10.0 | 10.0 | 11.0 | 8.0 | 13.0 | 15.0 | 16.0 | 14.0 | 13.0 | 7.0 | 43.0 | 71.0 |
| ROE % | — | — | — | — | — | — | — | — | — | — | — | — | 56.3 |
| EPS (₹) | 6.01 | 4.93 | 4.50 | 4.96 | 4.25 | 5.73 | 9.27 | 8.83 | 5.63 | 5.84 | 3.26 | 21.96 | 52.22 |
| Book Value (₹) | — | — | — | — | — | — | — | — | — | — | — | — | 112.0 |
| Face Value (₹) | — | — | — | — | — | — | — | — | — | — | — | — | 2 |
| P/E | — | — | — | — | — | — | — | — | — | — | — | — | 54.9 |
| Div Yield % | — | — | — | — | — | — | — | — | — | — | — | — | 0.24 |
| NPM % | 44.9 | 38.0 | 33.2 | 33.8 | 31.0 | 38.9 | 46.9 | 45.5 | 34.6 | 25.6 | 10.9 | 46.2 | 54.8 |
| OPM % | 43.0 | 39.0 | 32.0 | 31.0 | 29.0 | 31.0 | 45.0 | 47.0 | 44.0 | 28.0 | 9.0 | 60.0 | 71.0 |
| D/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B | — | — | — | — | — | — | — | — | — | — | — | — | 29.6 |
Growth
Compounded sales growth
10 years+26.0%
5 years+43.0%
3 years+65.0%
TTM+110.0%
Compounded profit growth
10 years+31.0%
5 years+49.0%
3 years+108.0%
TTM+136.0%
Stock price CAGR
10 years+29.0%
5 years+52.0%
3 years+99.0%
Last year+91.0%
Return on equity
10 years20.0%
5 years28.0%
3 years36.0%
Last year56.0%
Documents
Corporate actions
28 Aug 2026DIVIDENDDividend - Rs 8 Per Share—
2 Jan 2026SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
8 Aug 2025DIVIDENDDividend - Rs 30 Per Share—
19 Sep 2024DIVIDENDDividend - Rs 7.64 Per Share—
15 Sep 2023DIVIDENDDividend - Rs 19.09 Per Share—
19 Sep 2022DIVIDENDDividend - Rs 17.40 Per Share—
26 Aug 2021DIVIDEND Dividend - Rs 27.60 Per Share—
21 Aug 2020DIVIDEND Annual General Meeting/Dividend - Rs 30 Per Share—
12 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 20 Per Share—
23 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 17 Per Share—
14 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 15 Per Share—
9 Sep 2016DIVIDEND Annual General Meeting/Dividend - Rs 6.50 Per Share—
16 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 10/- Per Share—
11 Sep 2014DIVIDENDAnnual General Meeting And Dividend Rs.3/- Per Share—
21 Nov 2013DIVIDENDInterim Dividend Rs.7/- Per Share—
18 Sep 2013DIVIDENDAnnual General Meeting And Dividend Rs.12/- Per Share—
15 Nov 2012DIVIDENDInterim Dividend Rs.12/- Per Share—
14 Sep 2012DIVIDENDAnnual General Meeting And Dividend Rs.6/- Per Share—
26 Apr 2012DIVIDENDInterim Dividend Rs.18/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman