the shares of India’s first listed exchange gained 4 percent after the company’s net profit and revenue increased by 455 percent and 60 percent YoY, respectively in Q1FY25.
With a market capitalization of Rs 21,547.07 crore, the shares of Multi Commodity Exchange Of India Ltd were trading at Rs 4,225.05 per share, increasing around 2.14 percent as compared to the previous closing price of Rs 4,140.80 apiece.
Reason for rise:-
The share of the company has seen positive movement after Multi Commodity Exchange Of India Ltd’s revenue zooming by 21 percent on a quarter-on-quarter basis from Rs. 181 crores in Q4FY24 to Rs. 234 crores in Q1FY25. Further, revenue magnified by 60 percent year on year from Rs 146 crores in Q1FY24 to Rs. 234 crores in Q1FY25.
Multi Commodity Exchange Of India Ltd’s net profit increased by 26 percent on a quarter-on-quarter basis from Rs. 88 crores in Q4FY24 to Rs 111 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 455 percent from Rs. 20 crores in Q1FY24 to Rs. 111 crores in Q1FY25.
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Remarkable return:-
The stock has given a return of 23.78 percent in 6 months and a multi-bagger return of 154.50 percent in a year. If an individual invested Rs 1 lakh a year ago, it would be worth now Rs 2.54 lakh.
Ratio analysis:-
Examining the company’s crucial ratio, return on equity declined from 10.07 percent in FY22-23 to 3.84 percent in FY23-24, while during the same time frame return on capital employed also declined from 9.21 percent to 4.66 percent. In contrast, the net profit margin (NPM) stands at 12.38 percent in fiscal year 22-23.
Shareholding pattern:-
In the company’s recent shareholding pattern, Foreign Institutional Investors own 57.26 percent while Retail shareholders own a 21.88 percent stake in the company, and Foreign Institutional Investors own a 20.69 percent stake.
Company Snapshot:-
Multi Commodities Exchange of India Limited offers online commodities futures and options trading, as well as data feed subscriptions and memberships. It provides a platform for trading commodity derivative contracts in many product areas, including bullion, industrial metals, energy, agricultural commodities, and indexes.
Written by:- Abhishek Singh
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