Multi Commodity Exchange of India (MCX) MCX
India's commodity derivatives exchange, with near-total share in gold, silver, crude and base-metal futures and options
Mapped in 1 theme: Capital Markets.
Where Multi Commodity Exchange of India (MCX) sits in the supply chain
Multi Commodity Exchange of India (MCX) appears in 1 supply-chain layer in one theme, Capital Markets.
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 367 | 514 | 684 | 1,113 | 2,302 |
| Net profit | 143 | 149 | 83 | 560 | 1,332 |
Latest-year revenue ₹2,302 Cr (FY26, company-wide).
Strengths
- Near-monopoly in commodity derivatives
- Bullion options drove record volumes - Q1 FY27 options turnover more than tripled YoY
- New technology platform (since 2023) supports product launches
Risks
- Volumes swing with gold and silver volatility
- SEBI may extend F&O-style curbs to commodity options as retail piles in
- NSE and BSE compete in commodities
Common questions
What does Multi Commodity Exchange of India (MCX) do?
India's commodity derivatives exchange, with near-total share in gold, silver, crude and base-metal futures and options.
Where does Multi Commodity Exchange of India (MCX) sit in the supply chain?
Multi Commodity Exchange of India (MCX) (NSE: MCX) is mapped in 1 supply-chain layer: Exchanges & clearing (Capital Markets).
Who are Multi Commodity Exchange of India (MCX)'s peers?
In the Exchanges & clearing layer of Capital Markets: National Stock Exchange of India (NSE) and BSE.
What is Multi Commodity Exchange of India (MCX)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹90,013 Cr, P/E 50.0x, ROCE 71.4%, ROE 56.3%, dividend yield 0.23%.