Whalesbook
The MCX) commenced operation in Nov,03 is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The Exchange operates under SEBI.[1]
Monopoly[1]Co. has a 95.9% share in the Commodity future market in FY24. It controls a 100% share of Precious metals & stones, 99.61% in Energy & 99.80% in base metals except agri-commodities where it commands a share of 2.65%. Co. is the 7th largest by the number of Commodity Futures traded and the 6th largest by the number of Commodity Options.The 2nd largest player NCDEX in the commodity future market controls the rest 3.9% market share.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BSE | 2765.00 | 62.64 | 112618.19 | 0.22 | 557.02 | 61.05 | 1068.39 | 31.36 | 46.57 | 3698.51 | 56.32 | 1797.89 | 558.43 | 21.58 | 14.03 | 0.00 |
| 2. | Multi Comm. Exc. | 10121.00 | 96.09 | 51615.45 | 0.30 | 156.43 | 41.53 | 351.61 | 37.05 | 31.88 | 1247.30 | 54.16 | 537.18 | 156.43 | 24.73 | 20.21 | 0.00 |
| 3. | Indian Energy Ex | 147.93 | 29.33 | 13190.81 | 2.03 | 121.61 | 14.64 | 152.24 | 9.34 | 53.61 | 564.80 | 85.11 | 449.79 | 121.61 | 10.99 | 21.23 | 0.00 |
| – | Median: 3 Co. | 2765.0 | 62.64 | 51615.45 | 0.3 | 156.43 | 41.53 | 351.61 | 31.36 | 46.57 | 1247.3 | 56.32 | 537.18 | 156.43 | 21.58 | 20.21 | 0.0 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 123 | 163 | 278 | 128 | 209 | 349 | 114 | 160 | 269 | 113 | 141 | 257 | 352 |
Expenses | 97 | 209 | 123 | 114 | 107 | 154 | 110 | 83 | 142 | 63 | 160 | 119 | 153 |
Operating Profit | 26 | -46 | 155 | 13 | 101 | 195 | 5 | 77 | 127 | 50 | -19 | 137 | 199 |
Other Income | 21 | 20 | 23 | 20 | 19 | 32 | 22 | 18 | 29 | 20 | 20 | 24 | 27 |
Profit before tax | 43 | -36 | 164 | 30 | 108 | 210 | 21 | 82 | 135 | 65 | -5 | 148 | 208 |
Tax % | 21% | -25% | 25% | 19% | 25% | 25% | 41% | 25% | 24% | 21% | 32% | 25% | 25% |
Net Profit | 34 | -27 | 122 | 24 | 80 | 157 | 12 | 62 | 102 | 51 | -7 | 111 | 156 |
EPS in Rs | 6.64 | -5.32 | 23.96 | 4.69 | 15.76 | 30.76 | 2.38 | 12.15 | 19.94 | 10.04 | -1.33 | 21.67 | 30.67 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 341 | 222 | 235 | 259 | 260 | 298 | 370 | 345 | 330 | 449 | 595 | 1,012 | 1,247 |
Expenses | 194 | 135 | 160 | 180 | 186 | 206 | 225 | 204 | 201 | 329 | 566 | 492 | 572 |
Operating Profit | 146 | 88 | 75 | 80 | 74 | 93 | 145 | 141 | 128 | 120 | 29 | 520 | 676 |
Other Income | 99 | 110 | 111 | 116 | 86 | 63 | 111 | 111 | 53 | 72 | 76 | 96 | 111 |
Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 34 | 26 | 25 | 19 | 17 | 15 | 18 | 22 | 22 | 20 | 34 | 62 | 70 |
Profit before tax | 210 | 170 | 161 | 177 | 144 | 140 | 239 | 229 | 159 | 171 | 71 | 554 | 716 |
Net Profit | 153 | 125 | 114 | 126 | 106 | 136 | 209 | 188 | 118 | 130 | 52 | 415 | 537 |
EPS in Rs | 29.95 | 24.52 | 22.31 | 24.76 | 20.85 | 26.77 | 40.89 | 36.83 | 23.23 | 25.46 | 10.19 | 81.33 | 105.33 |
Dividend Payout % | 33% | 41% | 29% | 61% | 82% | 75% | 73% | 75% | 75% | 75% | 75% | 37% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 1,093 | 1,151 | 1,239 | 1,308 | 1,325 | 1,412 | 1,496 | 1,529 | 1,504 | 1,545 | 1,496 | 1,876 | 2,036 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 1 | 1 |
Other Liabilities | 597 | 622 | 568 | 507 | 585 | 161 | 220 | 205 | 255 | 260 | 259 | 367 | 556 |
Total Liabilities | 1,742 | 1,824 | 1,858 | 1,866 | 1,961 | 1,624 | 1,767 | 1,787 | 1,811 | 1,857 | 1,808 | 2,296 | 2,643 |
Fixed Assets | 173 | 143 | 137 | 152 | 156 | 157 | 157 | 158 | 153 | 145 | 373 | 405 | 423 |
Gross Block | 354 | 357 | 162 | 195 | 216 | 231 | 249 | 271 | 286 | 298 | 561 | 548 | – |
Accumulated Depreciation | 181 | 214 | 25 | 43 | 59 | 74 | 91 | 113 | 133 | 153 | 188 | 142 | – |
CWIP | 0 | 2 | 3 | 0 | 6 | 19 | 23 | 26 | 94 | 168 | 16 | 18 | 0 |
Investments | 1,090 | 1,293 | 1,111 | 1,195 | 1,416 | 1,252 | 1,421 | 1,445 | 1,398 | 1,216 | 1,134 | 1,629 | 1,952 |
Other Assets | 478 | 387 | 607 | 519 | 383 | 196 | 165 | 158 | 167 | 328 | 286 | 243 | 267 |
Total Assets | 1,742 | 1,824 | 1,858 | 1,866 | 1,961 | 1,624 | 1,767 | 1,787 | 1,811 | 1,857 | 1,808 | 2,296 | 2,643 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 38 | 70 | 78 | -32 | 102 | -129 | 201 | 89 | 119 | -64 | 117 | 611 |
Cash from Investing Activity | 53 | -68 | -31 | 55 | 33 | 191 | -78 | 63 | 23 | 151 | -19 | -570 |
Cash from Financing Activity | -113 | -19 | -61 | -40 | -92 | -105 | -123 | -154 | -142 | -89 | -98 | -40 |
Net Cash Flow | -22 | -18 | -14 | -17 | 43 | -43 | -1 | -1 | 0 | -2 | -0 | 1 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 17 | 7 | 4 | 9 | 11 | 7 | 12 | 15 | 9 | 32 | 3 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 10 | 17 | 7 | 4 | 9 | 11 | 7 | 12 | 15 | 9 | 32 | 3 |
Working Capital Days | -290 | -522 | -446 | -287 | -438 | -40 | -93 | -70 | -114 | 19 | -37 | -64 |
ROCE % | 14% | 10% | 10% | 11% | 8% | 11% | 11% | 12% | 11% | 11% | 4% | 32% |
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