Multi Commodity Exchange of India Limited (MCX.BO) stock analysis

In our weekly check, Multi Commodity Exchange of India Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 2, red flags: 3.

About Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited is a Financial Services company (Financial - Data & Stock Exchanges) based in India, listed on BSE as MCX.BO.

What our checks show for MCX.BO

Red flags

• The stock has fallen as much as 85% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 6.7 years.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.

Warning signs

• The price swings a lot: 39.5% annual volatility. Expect large ups and downs.
• Thinly traded (about 185 thousand shares a day): buying and selling can move the price.

Strengths

• Debt is low: 0x equity.
• Operating profit covers interest 10782 times over.
• The net margin rose by 13 points over 5 years, to 56.6%.
• The gross margin is 90.9% and has risen by 37.4 points: pricing power is holding.
• Operating cash flow is 2.15x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 17.5% a year over the next years.

Next earnings report: 2026-11-03

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Questions

What grade does Multi Commodity Exchange of India Limited (MCX.BO) have?

In our weekly check, Multi Commodity Exchange of India Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 2, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of MCX.BO stock?

This week's biggest flags for Multi Commodity Exchange of India Limited: Deep past fall, Slow recovery after falls, Low return on capital. In total 5 of 25 checks show a warning or a red flag.

What does Multi Commodity Exchange of India Limited do?

Multi Commodity Exchange of India Limited is a Financial Services company (Financial - Data & Stock Exchanges) based in India, listed on BSE as MCX.BO.

When does Multi Commodity Exchange of India Limited report earnings next?

The next earnings report is expected on 2026-11-03. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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