Multi Commodity Exchange of India (NSE:MCX) Tax Rate %: 20.97% (As of Jun. 2026)

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NSE:MCX Multi Commodity Exchange of India Ltd NSE:MCX
96 GF Score
Price ₹2,911.50
GF Value ₹3,620.02
Valuation Modestly Undervalued
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What is Multi Commodity Exchange of India Tax Rate %?

Multi Commodity Exchange of India NSE:MCX -1.97% 96 Tax Rate % is 20.97% as of Jun. 2026. GuruFocus rates NSE:MCX with a GF Score™ of 96/100 and a GF Value™ of ₹3,620.02 (Modestly Undervalued).

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Multi Commodity Exchange of India's Tax Expense for the three months ended in Jun. 2026 was ₹1,097 Mil. Multi Commodity Exchange of India's Pre-Tax Income for the three months ended in Jun. 2026 was ₹5,231 Mil. Therefore, Multi Commodity Exchange of India's Tax Rate % for the quarter that ended in Jun. 2026 was 20.97%.

Multi Commodity Exchange of India Tax Rate % Related Terms

Multi Commodity Exchange of India Tax Rate % Historical Data

* Premium members only.

The historical data trend for Multi Commodity Exchange of India's Tax Rate % 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 Tax Rate % Chart

Multi Commodity Exchange of India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.05 21.83 18.50 19.93 21.23

Multi Commodity Exchange of India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Tax Rate % 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 20.76 20.66 20.29 22.30 20.97
NSE:MCX
96GF Score
Multi Commodity Exchange of India Ltd NSE:MCX
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Multi Commodity Exchange of India Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

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

Tax Rate %=Tax Expense (A: Mar. 2026 )/Pre-Tax Income (A: Mar. 2026 )
=3587.8/16903.3
=21.23 %

Multi Commodity Exchange of India's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=1096.9/5231.3
=20.97 %

* 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 Tax Rate % →
What does a Tax Rate % of 20.97% mean?
Multi Commodity Exchange of India (NSE:MCX) has a Tax Rate % of 20.97% as of Jun. 2026.
Is Multi Commodity Exchange of India's Tax Rate % too high?
Multi Commodity Exchange of India's current Tax Rate % is 20.97%. Overall, Multi Commodity Exchange of India has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Multi Commodity Exchange of India's Tax Rate % compare to SPGI and CME?
Multi Commodity Exchange of India's Tax Rate % of 20.97% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Capital Markets company?
A good Tax Rate % depends on the Capital Markets industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Multi Commodity Exchange of India's current Tax Rate % is 20.97%. 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 ₹3,620.02, compared to a current price of ₹2,911.50 — trading 19.6% below its estimated fair value. The current Tax Rate % is 20.97%. Multi Commodity Exchange of India's overall GF Score™ is 96/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Multi Commodity Exchange of India (NSE:MCX), the current Tax Rate % is 20.97% as of Jun. 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 ₹2,911.50 is trading 19.6% below its estimated GF Value™ of ₹3,620.02. GuruFocus considers Multi Commodity Exchange of India to be Modestly Undervalued.

Key valuation signals for NSE:MCX:

  • Tax Rate %: 20.97%
  • GF Value™: ₹3,620.02 vs. price of ₹2,911.50 (19.6% below fair value)
  • GF Score™: 96/100

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.
96GF Score

Get the complete analysis for NSE:MCX

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,911.50
Price
₹3,620.02
GF Value