Projected Income Statement: Multi Commodity Exchange of India Limited

Forecast Balance Sheet: Multi Commodity Exchange of India Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -10,956 -17,888 -14,786 -12,771 -19,017 -30,039 -39,484 -50,273
Change - -63.27% 17.34% 13.63% -48.91% -57.96% -31.44% -27.32%
Announcement Date 22/05/21 16/05/22 20/05/23 23/04/24 08/05/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: Multi Commodity Exchange of India Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 210.8 819.8 712.7 1,432 959 838.6 798.6 933.2
Change - 288.9% -13.06% 100.97% -33.04% -12.55% -4.77% 16.86%
Free Cash Flow (FCF) 1 -2,055 3,093 701.5 3,777 8,542 25,005 13,884 16,573
Change - 250.51% -77.32% 438.39% 126.18% 192.72% -44.48% 19.37%
Announcement Date 22/05/21 16/05/22 20/05/23 23/04/24 08/05/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Multi Commodity Exchange of India Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 47.4% 44.21% 29.15% 9.41% 59.79% 67.1% 68.01% 68.9%
EBIT Margin (%) 41.75% 38.03% 24.95% 4.15% 54.07% 64.09% 66.76% 66.8%
EBT Margin (%) 68.28% 50.52% 38.08% 15.14% 62.67% 71.51% 73.42% 72.19%
Net margin (%) 57.67% 39.11% 29.01% 12.16% 50.33% 56.16% 56.81% 55.81%
FCF margin (%) -52.62% 84.33% 13.66% 55.25% 76.77% 144.1% 65.59% 65.63%
FCF / Net Income (%) -91.25% 215.63% 47.09% 454.43% 152.53% 256.6% 115.46% 117.58%

Profitability

        
ROA 8.6% 5.41% 5.12% 2.58% 14.48% 20.5% 22.35% 22.35%
ROE 12.32% 10.12% 10.28% 5.82% 34.33% 44.16% 42.86% 41.85%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 5.4% 22.35% 13.88% 20.95% 8.62% 4.83% 3.77% 3.7%
CAPEX / EBITDA (%) 11.39% 50.55% 47.61% 222.72% 14.41% 7.2% 5.55% 5.36%
CAPEX / FCF (%) -10.26% 26.5% 101.6% 37.92% 11.23% 3.35% 5.75% 5.63%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 27.7 17.4 19.09 7.64 30 74.58 89.3 112.5
Change - -37.18% 9.71% -59.98% 292.67% 148.6% 19.74% 26.02%
Book Value Per Share 1 370.1 278.1 290.5 270.3 369.5 480.7 611.7 754.2
Change - -24.87% 4.45% -6.94% 36.7% 30.08% 27.27% 23.29%
EPS 1 44.25 28.18 29.27 16.3 109.8 193.5 235.9 276.5
Change - -36.32% 3.87% -44.31% 573.74% 76.19% 21.91% 17.21%
Nbr of stocks (in thousands) 50,998 50,998 50,998 50,998 50,998 50,998 50,998 50,998
Announcement Date 22/05/21 16/05/22 20/05/23 23/04/24 08/05/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 52.3x 42.9x
PBR 21.1x 16.5x
EV / Sales 28x 22.5x
Yield 0.74% 0.88%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
10,121.00INR
Average target price
10,110.67INR
Spread / Average Target
-0.10%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. MCX Stock
  4. Financials Multi Commodity Exchange of India Limited