Multi Commodity Exchange of India ( MCX India)

Multi Commodity Exchange of India

MCX was the fifth largest commodity exchange, among all the commodity exchanges considered in the Futures Industry Association survey, in terms of the number of contracts traded for the six months ended June 30, 2011

MCX holds a market share of over 80%* (87.3% during the nine months ended December 31, 2011 and 82.4% in FY2011) of the Indian commodity futures market

Financials

There is no comparable listed company in Indian stock market

MCX financial pattern is very different from manufacturing / software outsourcing company.

In manufacturing company raw material & processing cost constitute major element of cost & can be said as some proportionate of sales. While in software outsourcing company, employee cost & infrastructure set up cost constitute major element of cost & can be said as some proportionate of sales.

Now if we look at MCX financial :

: Sales has grown at say 30 to 40% per anum

: Expenses has grown at 7% to 18% per anum

Other income has come down from 153 crore in FY 2009 to 79 crore in Mar-11. Due do this we have not seen profit after tax rising at fast pace

MCX will continue to grow. Incremental sales will likely see very high growth in profit after tax in future

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