Multi Commodity Exchange of India (NSE:MCX) ROCE %: 62.99% (As of Mar. 2026)


NSE:MCX Multi Commodity Exchange of India Ltd NSE:MCX
90 GF Score
Price ₹2,831.70
GF Value ₹3,271.66
Valuation Modestly Undervalued
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What is Multi Commodity Exchange of India ROCE %?

Multi Commodity Exchange of India NSE:MCX -0.31% 90 ROCE % is 62.99% as of Mar. 2026. GuruFocus rates NSE:MCX with a GF Score™ of 90/100 and a GF Value™ of ₹3,271.66 (Modestly Undervalued).

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Multi Commodity Exchange of India's annualized ROCE % for the quarter that ended in Mar. 2026 was 62.99%.

Multi Commodity Exchange of India  (NSE:MCX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Multi Commodity Exchange of India ROCE % Related Terms

Multi Commodity Exchange of India ROCE % Historical Data

* Premium members only.

The historical data trend for Multi Commodity Exchange of India's ROCE % can be seen below:

* 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 ROCE % Chart

Multi Commodity Exchange of India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.32 9.23 4.70 27.30 46.75

Multi Commodity Exchange of India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.21 35.34 30.87 62.41 62.99
NSE:MCX
90GF Score
Multi Commodity Exchange of India Ltd NSE:MCX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Multi Commodity Exchange of India ROCE % Calculation

Multi Commodity Exchange of India's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=16906.9/( ( (43251.7 - 14225.4) + (75006.3 - 31697.4) )/ 2 )
=16906.9/( (29026.3+43308.9)/ 2 )
=16906.9/36167.6
=46.75 %

Multi Commodity Exchange of India's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=27280/( ( (0 - 0) + (75006.3 - 31697.4) )/ 1 )
=27280/( ( 0 + 43308.9 )/ 1 )
=27280/43308.9
=62.99 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 62.99% mean?
Multi Commodity Exchange of India (NSE:MCX) has a ROCE % of 62.99% as of Mar. 2026.
Is Multi Commodity Exchange of India's ROCE % too high?
Multi Commodity Exchange of India's current ROCE % is 62.99%. The Capital Markets industry median ROCE % is 5.58. Multi Commodity Exchange of India's value of 62.99% is 1029.9% above this industry median. 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 ROCE % compare to SPGI and CME?
Multi Commodity Exchange of India's ROCE % of 62.99% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Multi Commodity Exchange of India's value of 62.99% is 1029.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Multi Commodity Exchange of India's current ROCE % of 62.99% is 1029.9% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multi Commodity Exchange of India's current ROCE % is 62.99%. 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 ₹3,271.66, compared to a current price of ₹2,831.70 — trading 13.4% below its estimated fair value. The current ROCE % is 62.99% and 1029.9% above the Capital Markets industry median of 5.58. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Multi Commodity Exchange of India (NSE:MCX), the current ROCE % is 62.99% 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 ₹2,831.70 is trading 13.4% below its estimated GF Value™ of ₹3,271.66. GuruFocus considers Multi Commodity Exchange of India to be Modestly Undervalued.

Key valuation signals for NSE:MCX:

  • ROCE %: 62.99%
  • GF Value™: ₹3,271.66 vs. price of ₹2,831.70 (13.4% below fair value)
  • GF Score™: 90/100
  • Industry Position: 1029.9% above the Capital Markets median

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

Other Exchanges 534091:India
Address Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093
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.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,831.70
Price
₹3,271.66
GF Value