MCX Share Price Target 2024, 2025 to 2030, Returns 94% in the Past Year: This article explores MCX Share Price Target for 2024-2030, covering its performance, stock market updates, financial health, shareholding pattern, and competitors. MCX (Multi Commodity Exchange of India), a leading commodity derivatives exchange, facilitates trading in metals, energy, and agricultural commodities. MCX has delivered 94% returns in the past year, highlighting its strong market position and growth potential.
Overview of Multi Commodity Exchange of India Ltd (MCX)
What is MCX?
Multi Commodity Exchange of India Ltd (MCX) is India’s largest commodity derivatives exchange, facilitating the trading of various commodities, including metals, energy, and agricultural products. Established in 2003 and headquartered in Mumbai, MCX plays a pivotal role in the country’s commodity markets. Renowned for its technological advancements and diverse product offerings, MCX has established itself as a trusted platform for commodity trading in India.
Key Features of MCX
- Leading Commodity Exchange: Dominates the commodity derivatives market in India, providing a transparent and efficient trading platform.
- Technologically Advanced: Employs cutting-edge technology to ensure seamless and secure trading operations.
- Strong Subsidiary Support: Operates through its subsidiary, Multi Commodity Exchange Clearing Corporation Limited, for clearing and settlement services.
- Diverse Trading Portfolio: Enables trading in metals, energy, and agricultural commodities, catering to a wide range of market participants.
- Trusted Market Position: With over two decades of operation, MCX has become a cornerstone of India’s commodity markets.
Information about MCX
| Information | Details |
|---|---|
| Website | mcxindia.com |
| Headquarters | Mumbai, India |
| Founded | 10 November 2003 |
| Founder | Jignesh Shah |
| Managing Director & CEO | Arun Kumar Singh |
| Number of Employees | 355 (2024) |
| Subsidiaries | Multi Commodity Exchange Clearing Corporation Limited |
| BSE Symbol | 534091 |
| NSE Symbol | MCX |
| Share Price | ₹6,185 (as of 29 Nov 2024, 1.34% increase) |
Current Market Position of MCX Share
As of November 2024, MCX’s share has shown impressive performance trends. It is up by +1.34% today, but has slightly declined by -0.17% over the past week. Over the past month, it has decreased by -9.37%, while showing a remarkable rise of +23.59% over the last three months. MCX has delivered a strong return of +99.82% over the past year. Over the long term, MCX has demonstrated substantial growth, achieving +279.17% in three years and an outstanding +425.79% in five years.
MCX Share Fundamental Data
- Market Cap: ₹31,545 Cr.
- Current Price: ₹6,185
- High / Low: ₹6,874 / ₹2,917
- Stock P/E: 90.9
- Book Value: ₹311
- Dividend Yield: 0.12%
- ROCE: 7.15%
- ROE: 5.82%
- Face Value: ₹10.0
Market Position of MCX Share as of November 2024
| Time Period | Returns of MCX Share |
|---|---|
| 1 Day | 1.34% |
| 1 Week | -0.17% |
| 1 Month | -9.37% |
| 3 Months | 23.59% |
| 1 Year | 99.82% |
| 3 Years | 279.17% |
| 5 Years | 425.79% |
MCX Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
MCX Share Price Target in 2024
In 2024, the share price target for MCX is expected to range between ₹5,930 and ₹6,230, driven by its consistent market leadership and robust trading volumes.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹5,930 | ₹6,230 |
MCX Share Price Target in 2025
For 2025, MCX’s share price target is projected to rise between ₹10,020 and ₹10,320, supported by market expansion and increased investor confidence.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹10,020 | ₹10,320 |
MCX Share Price Target in 2026
In 2026, MCX’s share price target is estimated to range between ₹14,140 and ₹14,240, reflecting its continued growth in the commodity trading segment.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹14,140 | ₹14,240 |
MCX Share Price Target in 2027
By 2027, the share price target for MCX is projected to range between ₹18,250 and ₹18,450, driven by technological advancements and enhanced trading efficiency.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹18,250 | ₹18,450 |
MCX Share Price Target in 2028
In 2028, MCX’s share price target is expected to range between ₹22,260 and ₹22,560, supported by strategic initiatives and growing market dominance.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹22,260 | ₹22,560 |
MCX Share Price Target in 2029
For 2029, MCX’s share price target is projected to range between ₹26,150 and ₹26,450, reflecting sustained growth and innovation in its trading platforms.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹26,150 | ₹26,450 |
MCX Share Price Target in 2030
By 2030, MCX’s share price target is estimated to reach between ₹30,820 and ₹31,120, driven by long-term strategic growth and its leadership position in the commodity trading industry.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹30,820 | ₹31,120 |
Financial Health and Performance Analysis of MCX India (FY 2020 – FY 2024)
Company Financials: Income (P&L) (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹758.94 Cr | +30.59% |
| Total Expenses | ₹655.44 Cr | +69.97% |
| Profit after Tax (PAT) | ₹83.11 Cr | -44.21% |
| Operating Profit Margin (%) | 15.18% | – |
| Net Profit Margin (%) | 12.15% | – |
| Basic EPS (₹) | ₹16.30 | – |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹581.17 Cr | +34.12% |
| Total Expenses | ₹385.62 Cr | +69.45% |
| Profit after Tax (PAT) | ₹148.97 Cr | +3.85% |
| Operating Profit Margin (%) | 38.12% | – |
| Net Profit Margin (%) | 29.01% | – |
| Basic EPS (₹) | ₹29.27 | – |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹433.31 Cr | -12.35% |
| Total Expenses | ₹227.57 Cr | -0.05% |
| Profit after Tax (PAT) | ₹143.45 Cr | -36.31% |
| Operating Profit Margin (%) | 56.15% | – |
| Net Profit Margin (%) | 39.10% | – |
| Basic EPS (₹) | ₹28.18 | – |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹494.34 Cr | -1.74% |
| Total Expenses | ₹227.68 Cr | -4.25% |
| Profit after Tax (PAT) | ₹225.22 Cr | -4.77% |
| Operating Profit Margin (%) | 68.32% | – |
| Net Profit Margin (%) | 57.66% | – |
| Basic EPS (₹) | ₹44.25 | – |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹503.11 Cr | +26.22% |
| Total Expenses | ₹237.78 Cr | +7.34% |
| Profit after Tax (PAT) | ₹236.50 Cr | +61.72% |
| Operating Profit Margin (%) | 70.95% | – |
| Net Profit Margin (%) | 63.20% | – |
| Basic EPS (₹) | ₹46.48 | – |
Analysis Summary
- Revenue Growth: MCX India witnessed a strong revenue growth of +30.59% in FY 2024, continuing an upward trend from FY 2023 (+34.12%). However, there was a decline in FY 2022 (-12.35%).
- Expense Management: The total expenses grew significantly by +69.97% in FY 2024, mainly due to increased operational costs. This increase is more than double the revenue growth, showing that expenses are growing faster than income.
- Profitability: The company experienced a -44.21% decline in Profit after Tax (PAT) in FY 2024, despite higher revenue. PAT showed positive growth in FY 2023 (+3.85%) and a significant increase in FY 2020 (+61.72%).
- Margins: Operating Profit Margin (OPM) dropped to 15.18% in FY 2024, a substantial decline from 38.12% in FY 2023. Similarly, Net Profit Margin (NPM) decreased to 12.15% from 29.01% in FY 2023.
- Earnings Per Share (EPS): Basic EPS dropped to ₹16.30 in FY 2024, down from ₹29.27 in FY 2023, reflecting a decline in profitability.
How to Buy MCX India Shares
- Choose a Broker: Select a reliable brokerage platform that offers shares of MCX India.
- Open a Trading Account: Set up a Demat and trading account with the selected broker.
- Complete KYC: Submit necessary documents for Know Your Customer (KYC) verification.
- Deposit Funds: Transfer funds into your trading account to facilitate share purchases.
- Search for the Company Shares: Locate MCX India shares using the company name or ticker symbol.
- Place an Order: Choose the desired number of shares and place either a market or limit order.
- Confirm Purchase: Review the order details before finalizing the transaction.
MCX Share Price Target for the Next 5 Years
MCX has consistently demonstrated strong market leadership and growth within the commodity trading sector. Below are the projected share price targets for MCX for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹5,930 | ₹6,230 |
| 2025 | ₹10,020 | ₹10,320 |
| 2026 | ₹14,140 | ₹14,240 |
| 2027 | ₹18,250 | ₹18,450 |
| 2028 | ₹22,260 | ₹22,560 |
Shareholding Pattern of MCX
FII (Foreign Institutional Investors):
- No. of Shares: 2,25,06,234
- Percentage: 44.14%
- % Change QoQ: +23.45%
DII (Domestic Institutional Investors):
- No. of Shares: 4,25,39,114
- Percentage: 83.42%
- % Change QoQ: +41.92%
MF (Mutual Funds):
- No. of Shares: 3,60,74,074
- Percentage: 70.74%
- % Change QoQ: +35.77%
Others:
- No. of Shares: 3,69,51,390
- Percentage: -27.56%
- % Change QoQ: -65.37%
Pros and Cons of MCX
Pros:
- Strong Institutional Backing: Significant shareholding by both Foreign and Domestic Institutional Investors, ensuring market confidence.
- Market Leadership: MCX’s dominant position in the Indian commodity market offers stability and growth potential.
- Strong Mutual Fund Participation: The high stake from mutual funds reflects confidence in the company’s future prospects.
Cons:
- Volatility in Shareholding: Fluctuations in the shareholding pattern, especially in the “Others” category, may suggest some instability.
- Overreliance on Institutional Investors: Heavy reliance on institutional investors could be a risk if market sentiment turns negative.
- Competition in the Trading Platform Sector: Intense competition from other trading platforms and exchanges could put pressure on MCX’s market share.
Peer Competitors of MCX in the Financial Services Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| BSE | 4,670.75 | 63,230.91 |
| CDSL | 1,639.45 | 34,264.51 |
| Multi Comm. Exc. | 6,185.35 | 31,545.29 |
| Cams Services | 4,928.40 | 24,288.61 |
| KFin Technologies | 1,163.75 | 19,986.04 |
| Indian Energy Exchange | 176.19 | 15,710.73 |
FAQ
1. What is MCX?
- MCX (Multi Commodity Exchange of India Limited) is a leading commodity exchange in India that offers trading in various commodities such as metals, energy, and agricultural products.
2. What commodities are traded on MCX?
- MCX facilitates trading in a wide range of commodities, including precious metals (gold, silver), base metals (copper, aluminum), energy (crude oil, natural gas), and agricultural products (spices, cotton, etc.).
3. How does MCX make money?
- MCX earns revenue primarily through transaction fees, listing fees, and charges for various services like data and market information. It also generates income from clearing and settlement services.
4. Who can trade on MCX?
- Individuals, traders, institutional investors, and professional market participants like brokers, dealers, and hedgers can trade on MCX, provided they are registered with the exchange and meet the necessary criteria.
5. Is MCX regulated?
- Yes, MCX is regulated by the Securities and Exchange Board of India (SEBI) and the Ministry of Finance. It also operates under the legal framework of the Forward Markets Commission (FMC), which was merged with SEBI.
6. How can I invest in MCX?
- You can invest in MCX by opening a trading account with a registered broker. Once your account is set up, you can buy and sell commodity futures and options on the exchange.
7. What are the trading hours for MCX?
- MCX operates in multiple sessions. The trading hours for commodities are typically from 9:00 AM to 11:30 PM (Monday to Friday), depending on the specific commodity.
8. What is the role of MCX in the commodity market?
- MCX plays a crucial role in providing a platform for price discovery, hedging risks, and ensuring transparency in the commodity markets. It enables producers, traders, and investors to manage price volatility and reduce risks associated with commodity price fluctuations.
9. Can I trade in MCX from abroad?
- Yes, non-resident Indians (NRIs) and foreign investors can trade on MCX by meeting the necessary regulatory requirements and through the channels provided by Indian brokers.
10. How is the MCX share price determined?
- The MCX share price is determined by market forces of demand and supply in the stock exchanges, along with the company’s financial performance, regulatory environment, and industry trends.
11. What are the benefits of trading on MCX?
- Benefits of trading on MCX include hedging against commodity price volatility, diversification of investment portfolio, liquidity, transparency, and the ability to trade on a regulated and trusted platform.
12. How can I track MCX’s performance?
- You can track MCX’s performance by monitoring its financial reports, trading volumes, and market movements on the stock exchange, or through news and updates provided by the company and financial media platforms.
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