MCX Share Price Target 2022, 2023, 2024, 2025, 2030

MCX Share Price Target 2022, 2023, 2024, 2025, and 2030: The Multi Commodity Exchange of India Limited (MCX), is India’s first listed exchange that facilitates online trading of commodity derivatives transactions.

MCX has a unique business model that why it is on the radar of many investors. If you are planning to invest in this stock then you are definitely finding that investment in MCX shares is worth it or not.

This article will provide you with deep insights into MCX’s business. Also, we will try to predict on the basis of the company fundamentals, MCX Share Price Target 2022, 2023, 2024, 2025, and 2030.

So, friends keep reading to know all about this company.

MCX Share Price Target 2022, 2023, 2024, 2025, and 2030

MCX Share Price Target 2025

The company was established on 10 Nov. 2003 by the Government of India. MCX is under the ownership of the Ministry of Finance. The company headquarter is located in Mumbai India.

Mr. Saurabh Chandra is the Chairman and Mr. P S Reddy is the MD & CEO of the company.

MCX Target Price For the Long Term

We have predicted MCX Target Price for the long term, which is year-wise as follows. 

Related :

MCX Share Price Target 2022

MCX’s current stock price is in the range of ₹ 1,300. Presently market capitalization of the company stood at ₹ 6,500 Cr.

The current P/E Ratio of the company is approx. 45.69 and the sector P/E is 20.66. Multi commodity exchange is a quality company with excellent fundamentals.

In the last three years, the stock has delivered CAGR returns of 17.8 %, which is fantastic. Moreover, in June 2022 quarter the company posted good results. Operating revenue and net profit both increased in this quarter.

Most experts are optimistic about this company. The following will be MCX Target Price for 2022:

MCX Share Price Target 2022
First Target ₹1469
Second Target ₹1500
MCX Share Price Target
Source: Google

MCX Share Price Target 2023

The company provides a commodity exchange facility in the country. MCX is trying to expand its business by enabling the trading of other commodities.

As and when derivative trading on electricity is permitted, MCX would have the opportunity to launch electricity derivative contracts, subject to regulatory approvals. Towards this objective, the company has entered into a licensing agreement with IEX to use their spot prices as the underlying for the MCX electricity derivatives.

MCX Share Price Target 2023
First Target ₹1623
Second Target ₹1703

MCX Share Price Target 2024

In the last financial year, the company didn’t perform well. But the track record of revenue and profit are superb.

Recently, MCX Ltd. introduced products in new categories such as Options in Goods and Commodity Indices. It is looking forward to launching more products in these new categories. This will boost the market value of the company.

The target for MCX in 2024 will be as follows.

MCX Share Price Target 2024
First Target ₹1928
Second Target ₹2005

MCX Share Price Target 2025

MCX stock can be held for the long term but there is some risk associated with this stock. Like any adverse change in regulations, the inherent risk of volatility.

So, always keep an on eye any major regulatory changes in the industry.

But a unique business model and almost no competition at the present time make this business attractive.

MCX Share Price Target 2025
First Target ₹2150
Second Target ₹2265

MCX Share Price Target 2030

Multi Commodity Exchange Of India is planning to collaborate with Chittagong Stock Exchange (CSE), Bangladesh to provide consultancy services for the establishment of a Commodity derivatives platform in Bangladesh. If it happens then it will be good news for the company.

MCX is a fundamentally strong company. The company may give a handsome return to its investors in the long term.

MCX Share Price Target 2030
First Target ₹4050
Second Target ₹4150

Business Model of MCX

MCX stands for the Multi Commodity Exchange. MCX is India’s largest commodity derivatives exchange. The company offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy, and agricultural commodities, as also as indices constituted from these contracts.

In simple language, it provides a trading platform for gold, silver and other precious metals along with agricultural commodities like coffee, cotton etc.

MCX is India’s first Exchange to offer commodity options contracts, bullion index futures, and base metals index futures contracts.

The Exchange focuses on providing commodity value chain participants with neutral, secure, and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework.

The company was among the top global commodity exchanges in terms of the number of futures contracts executed, from the latest yearly data from the Futures Industry Association (FIA) showed.

Strengths of MCX

  • Healthy ROE (12.01%) and RoCE (14.69%)
  • The current ratio is 4.03, indicating high liquidity.
  • FCFF Per Share 12.57 (Free cash flow per share).
  • The company has maintained a good ROA of 7.08% in the last 3 years.
  • The last three-year average profit growth is 20.87%
  • The company is an almost debt-free company.

Weaknesses of MCX

  • The company shows negative income growth and profit growth in the last year.
  • The company’s provision and contingencies have increased by 438.58%.

Threats :

  • Any adverse change in regulations by the Government could hurt the business in a significant way.
  • May face high competition from other exchanges. Especially after permitting of trading of commodity derivatives on NSE/BSE.
  • This business model has an inherent risk of volatility.

Shareholding pattern of MCX

Public 24.56%
Promoters 0%
FII 26.84%
DII 48.6%
Others 0%

Annual Reports of the company –

Competitors of MCX

BSE Ltd. and IEX (Indian energy exchange) are the main competitors of the company.

Related :

MCX India Share Price Target 2022, 2023, 2024, 2025, 2030

MCX Target Price For Long Term
First Target (2022) ₹1469
Second Target ₹1500
First Target (2023) ₹1623
Second Target ₹1703
First Target (2024) ₹1928
Second Target ₹2005
First Target (2025) ₹2150
Second Target ₹2265
First Target (2030) ₹4050
Second Target ₹4150

Final Thoughts

From the future perspective, MCX is always going to get the advantage of a monopoly business. In most of the commodities exchange markets, MCX has captured a large market share. This gives a slight advantage to the company over its competitors.

Also, there are still many commodities to be listed on the platform of the company. MCX gradually trying its best to bring all the commodities on its platform. Only it shows full potential to show good growth.

But MCX business is also under the regulations of SEBI and the government. So, always updated with the new regulation pertaining to the company.

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Disclaimer – In this article we have just evaluated the company. Also, we are not SEBI registered advisors. We have not provided any investment advice on this stock. This article is just for educational purposes only. Before making any investment please research yourself or take the advice of your financial advisor.

FAQ :

  1. Who is the owner of MCX India?

    Multi Commodity Exchange of India Ltd (MCX) is a commodity exchange based in India. It is under the ownership of the Ministry of Finance, Government of India.

  2. Is MCX a good buy?

    The company is a good company on the basis of fundamentals. In the last 3 years, the company give handsome returns to its investors.

  3. What does MCX mean?

    The full form of MCX is Multi Commodity Exchange of India Limited.

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