Recently, India’s biggest commodities market, Multi commodities market of India (MCX), has grown rapidly. Currently selling at ₹6,024.00, the stock is projected to hit ₹6,235 by 2024 and ₹30,125 by 20301. MCX’s dominating commodities trading position, robust financial metrics, and rising market participation underpin this growth trajectory. The exchange’s success depends on commodities market dynamics, regulation, and trading infrastructure technology.
What is Multi Commodity Exchange Of India Ltd NSE: MCX?
Established in 2003, Mumbai-based Multi commodities market of India (MCX) is India’s largest commodities derivatives market. The exchange trades bullion, industrial metals, energy, and agricultural commodity derivatives online. MCX’s 97.84% commodities futures market dominance makes price discovery and risk management robust. The SEBI-regulated exchange has strategic partnerships with CME Group and London Metal Exchange.
Indian commodities derivatives exchange Multi Commodities Exchange (MCX) dominates commodity futures trading. Increasing trade volumes, trading platform technology, and strategic collaborations with worldwide exchanges fuel the company’s success. New products like energy futures and index derivatives and more customer involvement could improve trade volumes. MCX expects its price objective to reach ₹7,500 in 2024, given market volatility, regulatory changes, and improved trading infrastructure.
Year
Minimum Price (₹)
Maximum Price (₹)
2024
5,381.15
7,500.00
Month
Minimum Price (₹)
Maximum Price (₹)
November
5,681.15
6,750.00
December
5,750.00
7,500.00
MCX Share Price Target 2025
Multi Commodity Exchange (MCX) is predicted to develop well in 2025 due to rising commodity trading volumes, trading platform enhancements, and product expansion. The exchange’s emphasis on new derivative products, risk management, and institutional involvement may increase value. Market analysts expect considerable growth owing to retail engagement and the company’s dominance in India’s commodities derivatives market.
Year
Minimum Price (₹)
Maximum Price (₹)
2025
5,741.91
10,325.00
Month
Minimum Price (₹)
Maximum Price (₹)
January
5,500.00
7,100.00
February
5,000.00
7,450.00
March
5,350.00
7,800.00
April
5,700.00
8,100.00
May
5,900.00
8,300.00
June
6,100.00
8,500.00
July
6,300.00
8,700.00
August
6,500.00
8,900.00
September
6,700.00
9,000.00
October
6,400.00
9,100.00
November
6,500.00
9,200.00
December
6,700.00
9,325.00
MCX Share Price Target 2026
Multi Commodity Exchange (MCX) is predicted to develop significantly in 2026 due to market expansion, technical advancements, and higher trading volumes. Value is expected to rise as the exchange develops new derivative products, implements sophisticated trading systems, and improves risk management. Market development and retail engagement should help the firm flourish.
Year
Minimum Price (₹)
Maximum Price (₹)
2026
7,100
11,236
Month
Minimum Price (₹)
Maximum Price (₹)
January
7,100
9,325
February
7,325
9,500
March
7,500
9,675
April
7,675
8,900
May
7,900
9,125
June
7,125
9,350
July
7,350
9,600
August
7,600
9,900
September
7,900
10,200
October
7,200
10,500
November
7,500
10,800
December
7,800
11,236
MCX Share Price Target 2030
Multi Commodity Exchange (MCX) is expected to increase significantly by 2030 due to trading platform technology, commodity derivatives product expansion, and market penetration. The exchange’s strategy emphasis on blockchain technology, trading system AI, and risk management prepares it for long-term development. Market analysts expect MCX to dominate India’s commodities derivatives market via innovation and market development.
The minimum price is 16455.00 and the maximum price is 22125.00.
Year
Minimum Price (₹)
Maximum Price (₹)
2030
16,455.00
22,125.00
Month
Minimum Price (₹)
Maximum Price (₹)
January
16,455.00
20,000.00
February
17,000.00
20,500.00
March
17,500.00
20,000.00
April
18,000.00
20,400.00
May
18,400.00
20,800.00
June
18,800.00
20,100.00
July
19,100.00
20,400.00
August
19,400.00
20,700.00
September
19,700.00
20,900.00
October
19,900.00
22,000.00
November
20,000.00
22,100.00
December
20,100.00
22,125.00
Share Price Target 2040
Multi commodities Exchange (MCX) is expected to develop significantly by 2040 because to technology advancement, market expansion, and India’s rising role in global commodities trading. Future trading technologies, market penetration, and commodities derivatives market development assist the exchange’s expansion. The minimum price is 15000 and the maximum price is 20000.
Year
Minimum Price (₹)
Maximum Price (₹)
2040
15,000
20,000
Month
Minimum Price (₹)
Maximum Price (₹)
January
15,000
15,500
February
15,500
16,000
March
16,000
16,500
April
16,500
17,000
May
17,000
17,500
June
17,500
18,000
July
18,000
18,400
August
18,400
18,800
September
18,800
19,200
October
19,200
19,500
November
19,500
19,800
December
19,800
20,000
Share Price Target 2050
Multi commodities Exchange (MCX) is expected to increase significantly by 2050 because to technology advancement, market maturity, and India’s growing role in global commodities trading. Future advances in quantum computing, AI, and digital trading platforms enhance the exchange’s expansion. The minimum price is 35000 and the maximum price is 45000.
Year
Minimum Price (₹)
Maximum Price (₹)
2050
35,000
45,000
Month
Minimum Price (₹)
Maximum Price (₹)
January
35,000
36,000
February
36,000
37,000
March
37,000
38,000
April
38,000
39,000
May
39,000
40,000
June
40,000
41,000
July
41,000
42,000
August
42,000
43,000
September
43,000
43,500
October
43,500
44,000
November
44,000
44,500
December
44,500
45,000
Should I Buy MCX Stock?
Current market research makes MCX stock a promising investment. The company’s shares have risen 350% in two years. Currently trading at ₹6,413.10, top brokerages rate the stock ‘Buy’ with a target price of ₹6,500.
Year
Minimum Price (₹)
Maximum Price (₹)
2024
5,381.15
7,500
2025
5,741.91
10,325
2026
7,100
11,236
2030
16,455
22,125
2040
15,000
20,000
2050
35,000
45,000
Indian commodities derivatives market leader MCX has 97.84% commodity futures trading market share4. Over FY24-273, the business expects 31% revenue growth, 154% EBITDA growth, and 119% PAT growth. Nearly 100 FPIs and 900,000 retail participants use the platform.
Multi Commodity Exchange Of India Ltd Earning Results
Metric
Q2 FY25
Q1 FY25
QoQ Change
Q2 FY24
YoY Change
Net Profit
₹154 Cr
₹111 Cr
+38.5%
-₹19.1 Cr
Turned Profitable
Revenue
₹286 Cr
₹234 Cr
+21.9%
₹165.1 Cr
+73%
EBITDA
₹179.4 Cr
₹133 Cr
+34.8%
-₹28.6 Cr
Turned Positive
EBITDA Margin
62.8%
56.6%
+6.2%
Negative
Significant Improvement
Expert Forecasts On The Future Of Multi Commodity Exchange Of India Ltd.
Recent market research and expert assessments suggest the following potential trajectory for Multi Commodity Exchange of India Ltd.:
Revenue is expected to climb 31% during FY24-27 due to a 56% increase in options trading volumes and increased product offerings.
The exchange’s TCS platform transfer is intended to stabilize operations and boost profitability, with 154% EBITDA growth through FY27.
New product introductions and cheaper ticket-size contracts are expected to boost retail participation beyond 900,000.
Direct Market Access services are projected to boost Foreign Portfolio Investment (FPI) activities beyond 100 active FPIs.
New products including index options, gold futures, and agricultural commodities are expected to strengthen the company’s 97.84% market share in commodity futures trading.
Is MCX Stock Good To Buy? (Bull Case & Bear Case)
Bull Case
A 97.84% market share in commodities futures trading implies unsurpassed supremacy in India.
The FY24-27 financial outlook is strong, with 31% revenue growth, 154% EBITDA growth, and 119% PAT increase.
With 900,000 retail participants, fresh product introductions might boost growth.
Technology shift to TCS platform completion will boost operational stability and profitability.
New products like index options and gold futures will boost volume and market share.
Overvaluation is possible given the 193.88 PE ratio.
Regulations like true-to-label costs may affect revenue structure.
Exchange competition may reduce market share in some areas.
Technology transfer expenses and TCS AMC payments may affect short-term profitability.
Market volatility in commodities prices may impact trade volumes and income.
Conclusion
According to extensive study, MCX is a promising investment with development potential until 2050. The company’s market dominance, technical advances, and growing product portfolio promote long-term value. While technological transformation and value issues provide short-term problems, long-term investors have an optimistic view.
FAQs
Due to its dominating market position, predicted 31% CAGR revenue growth through FY27, and rising retail engagement, MCX has long-term investment potential. Trading volumes and profitability should increase sustainably after technological transfer and new product releases.
Analysis predicts MCX stock might reach ₹14,236 by 2026, a 122% return from its current price of ₹6,413. Market expansion, technical advances, and higher trade volumes encourage this rise.
Transitioning to TCS should improve operational efficiency and eliminate technical concerns. Long-term advantages include better trading, risk management, and user experience despite early expenditures.
MCX’s revenue growth comes from rising trading volumes, new product launches, retail involvement, and commodities derivatives development. The exchange’s 97.84% commodities futures market share supports expansion.
MCX dominates commodities derivatives with its market share and technology. MCX provides specialized commodities market exposure with high derivatives trading growth compared to BSE and NSE.
