Multi Commodity Exchange of IndiaNSE:MCX -2.65%90 Interest Coverage is 3,081.19 as of Mar. 2026, which is 211% above its 10-year median of 991.10. GuruFocus rates NSE:MCX with a GF Score™ of 90/100 and a GF Value™ of ₹3,300.94 (Modestly Undervalued). Among 430 Capital Markets companies, Multi Commodity Exchange of India ranks better than 78.84% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Multi Commodity Exchange of India's
Operating Income
for the
three
months ended in Mar. 2026 was ₹6,471 Mil. Multi Commodity Exchange of India's Interest Expense for the
three
months ended in Mar. 2026 was ₹-2 Mil.
Multi Commodity Exchange of India's interest coverage for the quarter that ended in Mar. 2026 was 3,081.19.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Multi Commodity Exchange of India Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Multi Commodity Exchange of India's Interest Coverage or its related term are showing as below:
NSE:MCX'
s Interest Coverage Range Over the Past 10 Years
Min: 121.59 Med: 991.1 Max: 9414
Current: 4357.06
NSE:MCX's Interest Coverage is ranked better than 78.84% of 430
companies
in the Capital Markets industry
Industry Median: 19.375
vs NSE:MCX: 4357.06
Multi Commodity Exchange of India (NSE:MCX) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Multi Commodity Exchange of India Interest Coverage Related Terms
Multi Commodity Exchange of India Interest Coverage Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Multi Commodity Exchange of India Interest Coverage Chart
NSE:MCX vs SPGI, CME, MCO: Interest Coverage Comparison
For the Financial Data & Stock Exchanges subindustry, Multi Commodity Exchange of India's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Multi Commodity Exchange of India Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Multi Commodity Exchange of India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Multi Commodity Exchange of India's Interest Coverage falls into.
Multi Commodity Exchange of India Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Multi Commodity Exchange of India (NSE:MCX) has a Interest Coverage of 3,081.19 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Multi Commodity Exchange of India and its competitors. This is 211% above median its historical median of 991.10. Over the past decade, Multi Commodity Exchange of India's Interest Coverage has ranged from 121.59 to 9,414.00. According to the industry distribution chart, Multi Commodity Exchange of India ranks #91 out of 430 companies in the Capital Markets industry, placing it in the top 21.2%.
Is Multi Commodity Exchange of India's Interest Coverage too high?
Multi Commodity Exchange of India's current Interest Coverage of 3,081.19 is 211% above median its 10-year median of 991.10. Over the past 10 years, this metric has ranged from a low of 121.59 to a high of 9,414.00. The Capital Markets industry median Interest Coverage is 19.38. Multi Commodity Exchange of India's value of 3,081.19 is 15802.9% above this industry median. Based on the distribution chart, Multi Commodity Exchange of India ranks #91 out of 430 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Multi Commodity Exchange of India has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Multi Commodity Exchange of India's Interest Coverage compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Multi Commodity Exchange of India ranks #91 out of 430 companies for Interest Coverage. This places Multi Commodity Exchange of India in the top 21% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 19.38. Multi Commodity Exchange of India's value of 3,081.19 is 15802.9% above this benchmark. Historically, Multi Commodity Exchange of India's own Interest Coverage has ranged from 121.59 to 9,414.00 over the past decade. While the company's 10-year median is 991.10 vs. the industry median of 19.38, Multi Commodity Exchange of India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.38, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Multi Commodity Exchange of India's current Interest Coverage of 3,081.19 is 15802.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Multi Commodity Exchange of India and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multi Commodity Exchange of India's current Interest Coverage is 3,081.19, which is 211% above median its own 10-year median of 991.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multi Commodity Exchange of India stock overvalued right now?
Based on GuruFocus' analysis, Multi Commodity Exchange of India (NSE:MCX) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,300.94, compared to a current price of ₹2,837.20 — trading 14% below its estimated fair value. The current Interest Coverage is 3,081.19, which is 211% above median its 10-year median of 991.10 and 15802.9% above the Capital Markets industry median of 19.38. Multi Commodity Exchange of India's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Multi Commodity Exchange of India (NSE:MCX), the current Interest Coverage is 3,081.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Multi Commodity Exchange of India (NSE:MCX) Overvalued in 2026?
Based on GuruFocus' analysis, Multi Commodity Exchange of India stock appears to be undervalued.
The current stock price of ₹2,837.20 is trading 14% below its estimated GF Value™ of ₹3,300.94.
GuruFocus considers Multi Commodity Exchange of India to be Modestly Undervalued.
Key valuation signals for NSE:MCX:
Interest Coverage: 3,081.19 (211% above median its 10-year median of 991.10)
GF Value™: ₹3,300.94 vs. price of ₹2,837.20 (14% below fair value)
Industry Position: 15802.9% above the Capital Markets median (#91 of 430)
No single metric tells the full story. See the NSE:MCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Multi Commodity Exchange of India Business Description
Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.
90GF Score
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