Overview: Multi Commodity Exchange of India Limited (MCX) is India’s leading commodity derivatives exchange with a market share of 96.04 per cent in terms of the value of commodity futures contracts traded in the financial year 2020-21.

About the company: Multi Commodity Exchange of India Ltd offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and agricultural commodities such as Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil, Castor seed, RBD Palmolien, Black Pepper.MCX was originally incorporated as a private limited company named as Multi Commodity Exchange of India Private Limited. Later, the company was converted into a public limited company and changed the name as Multi Commodity Exchange of India Limited on May 16, 2002. In 2012, the company became India’s first listed exchange.
Today, the exchange has an extensive national reach, with 636 registered members and 52,777Authorised Persons with its presence in around 1016 cities and towns across India as on 31 March 2021.

Subsidiary: MCX’s a wholly-owned subsidiary Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) is the first clearing corporation in the commodity derivatives market. This company provides collateral management and risk management services, along with clearing and settlement of trades executed on the Exchange.

Shareholding Pattern:
 Promoters: 0%
 Foreign Institutions: 36.23%
 N Banks Mutual Funds: 21.15%
 Others: 3.38%
 General Public: 19.03%
 Financial Institutions: 20.02%
 GDR: 0.19%

Management: Mr. Saurabh Chandra is the Chairman and Mr. P.S. Reddy is the Managing Director &Chief Executive Officer.

Dividend: For the year ending March 2020 Multi Commodity Exchange of India has declared an equity dividend of 300.00% amounting to Rs 30 per share.

Sales Report: For the October-December quarter, MCX has reported a Consolidated Total Income of Rs 125.67 Crore, which is down 8.62 % from last quarter Total Income of Rs 137.52 Crore and up 11.47 % from last year same quarter Total Income of Rs 112.74 Crore. MCX has reported net profit after tax of Rs 71.73 Crore in same quarter.

If you find any mistake please contact the support@largecapindia.com. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned.Largecapindia aim to bring you long term focused research analysis driven by fundamental.