A deep dive into MCX (MCX) — examining the financials, valuation picture, and who owns the stock.
MCX Revenue Trend
A 62.8% jump in revenue took MCX's top line to ₹1,113 Cr in FY2025.
The long-term growth story is impressive: a 17.5% CAGR over 10 years, from ₹222 Cr to ₹1,113 Cr. That's well above what most listed companies manage.
With a top line of ₹1,113 Cr, MCX operates at a mid-sized scale within the miscellaneous sector.
It's been 3 years of continuous revenue growth for MCX — a pattern worth noting.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹1,113 Cr | +62.8% |
| FY2024 | ₹684 Cr | +33.1% |
| FY2023 | ₹514 Cr | +40.0% |
| FY2022 | ₹367 Cr | -6.1% |
| FY2021 | ₹391 Cr | — |
View MCX's full 10-year revenue trend with CAGR analysis →
MCX Profitability
Bottom-line growth was evident, with MCX posting ₹560 Cr in net profit for FY2025 — up 573.9% from ₹83.1 Cr.
Net margin expanded to 50.3% in FY2025, up from 12.2% a year prior.
Looking at per-share numbers, diluted EPS was ₹21.96 in FY2025 — up from ₹3.26.
Is MCX Undervalued
Per the P/E Ratio model, MCX has an estimated intrinsic value of ₹1,590 (42.8% downside).
MCX shares are currently trading at ₹2,782.10.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,590 | 42.8% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for MCX with detailed assumptions →
MCX Shareholding Pattern
MCX is a widely held company with no promoter group. Ownership is distributed across institutional and public shareholders.
On the foreign institutional side, the holding is 26.1% as of March 2026 — up from 21.7%.
DII holding is at 54.4%, down from 59.1% in the year-ago quarter.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 0.0% | 26.1% | 54.4% | 19.4% |
| Dec 2025 | 0.0% | 20.6% | 59.2% | 20.0% |
| Sep 2025 | 0.0% | 19.0% | 60.5% | 20.3% |
| Jun 2025 | 0.0% | 21.7% | 59.1% | 19.0% |
Track quarterly shareholding changes for MCX →
MCX Balance Sheet
Proportional view as of 13 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹43.25B (up 26.9% YoY from ₹34.09B).
Top categories: Other Assets (49.5%), Investments (20.2%), Cash & ST Investments (20.0%).
Of the ₹43.25B in liabilities and equity, 43.6% is shareholder equity, 0.0% is interest-bearing debt, and 56.4% is operating liabilities. Over the year, debt is down 39.2% and equity is up 36.7%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 8.66B |
| Receivables | 287.60M |
| Property, Plant & Equipment | 2.30B |
| Investments | 8.74B |
| Intangibles & Goodwill | 1.87B |
| Other Assets | 21.39B |
| Category | Value |
|---|---|
| Equity | 18.84B |
| Short-term Debt | 7.00M |
| Long-term Debt | 3.10M |
| Trade Payables | 856.30M |
| Other Liabilities | 23.54B |
MCX Key Takeaways
In summary, MCX (MCX) presents the following picture for fundamental analysts.
Revenue of ₹1,113 Cr in FY2025, up 62.8% year-over-year.
Long-term revenue has been compounding at 17.5% annually over 10 years.
The company is profitable, with a net margin of 50.3% and net income of ₹560 Cr.
The P/E Ratio model implies 42.8% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for MCX.