Valuation Multi Commodity Exchange of India Limited

Equities

Delayed NSE India S.E. Other stock markets 05:44:33 05/12/2025 GMT			5-day change	1st Jan Change
10,228.00 ^INR	+1.06%		+1.52%	+64.05%

12-04	Multi Commodity Exchange clarifies news on weekly expiry is baseless	RE
11-07	Multi Commodity Exchange of India Limited, Q2 2026 Earnings Call, Nov 07, 2025

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	77,158	72,186	77,339	170,824	270,891	516,154	-	-
Change	-	-6.44%	7.14%	120.88%	58.58%	90.54%	-	-
Enterprise Value (EV) ¹	66,202	54,298	62,554	158,054	251,874	486,115	476,670	465,882
Change	-	-17.98%	15.2%	152.67%	59.36%	93%	-1.94%	-2.26%
P/E ratio	34.2x	50.2x	51.8x	205x	48.4x	52.3x	42.9x	36.6x
PBR	4.09x	5.09x	5.22x	12.4x	14.4x	21.1x	16.5x	13.4x
PEG	-	-1.4x	13.39x	-4.6x	0x	0.7x	2x	2.1x
Capitalization / Revenue	19.8x	19.7x	15.1x	25x	24.3x	29.7x	24.4x	20.4x
EV / Revenue	17x	14.8x	12.2x	23.1x	22.6x	28x	22.5x	18.4x
EV / EBITDA	35.8x	33.5x	41.8x	246x	37.9x	41.7x	33.1x	26.8x
EV / EBIT	40.6x	38.9x	48.8x	557x	41.9x	43.7x	33.7x	27.6x
EV / FCF	-32.2x	17.6x	89.2x	41.8x	29.5x	19.4x	34.3x	28.1x
FCF Yield	-3.1%	5.7%	1.12%	2.39%	3.39%	5.14%	2.91%	3.56%
Dividend per Share ²	27.7	17.4	19.09	7.64	30	74.58	89.3	112.5
Rate of return	1.83%	1.23%	1.26%	0.23%	0.56%	0.74%	0.88%	1.11%
EPS ²	44.25	28.18	29.27	16.3	109.8	193.5	235.9	276.5
Distribution rate	62.6%	61.7%	65.2%	46.9%	27.3%	38.5%	37.9%	40.7%
Net sales ¹	3,906	3,668	5,135	6,836	11,127	17,352	21,167	25,253
EBITDA ¹	1,851	1,622	1,497	643.1	6,653	11,644	14,394	17,399
EBIT ¹	1,631	1,395	1,281	283.8	6,016	11,121	14,131	16,868
Net income ¹	2,252	1,434	1,490	831.1	5,600	9,745	12,025	14,095
Net Debt ¹	-10,956	-17,888	-14,786	-12,770	-19,017	-30,039	-39,484	-50,273
Reference price ²	1,512.95	1,415.45	1,516.50	3,349.60	5,311.75	10,121.00	10,121.00	10,121.00
Nbr of stocks (in thousands)	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 in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
MULTI COMMODITY EXCHANGE OF INDIA LIMITED	52.4x	28.06x	41.82x	0.74%	5.75B
CME GROUP INC.	25.76x	15.39x	21.8x	3.39%	98.51B
TRADEWEB MARKETS INC.	37.68x	10.31x	19.2x	0.45%	23.03B
BSE LIMITED	50.16x	24.31x	37.79x	0.55%	12.68B
JAPAN EXCHANGE GROUP, INC.	26.42x	9.21x	14.3x	2.94%	11.59B
ASX LIMITED	22.68x	8.69x	14.5x	3.8%	7.35B
SAUDI TADAWUL GROUP HOLDING COMPANY	45.45x	16.75x	45.17x	1.42%	5.3B
MIAMI INTERNATIONAL HOLDINGS, INC.	-47.75x	-998.05x	-2333.38x	-	3.7B
DUBAI FINANCIAL MARKET	15.3x	16.72x	23.49x	5.66%	3.66B
BOURSA KUWAIT SECURITIES COMPANY K.P.S.C.	28.73x	12.88x	17.7x	-	2.49B
Average	25.68x	-85.57x	-209.76x	2.37%	17.41B
Weighted average by Cap.	28.77x	-6.43x	-26.93x	2.65%