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Multi Commodity Exchange of India Ltd. operates MCX, India's leading commodity futures exchange, and has recently going public.
We are a firm of independent analysts based in Mumbai, India. Our research is truly independent, since we are not affiliated with any i-bank.
We introduce herewith a new presentation format - 'Fusion of a Research Report and a Financial Model' - 'possibly' for the first time in the global research community. Please excuse us, if you've seen a similar format earlier! Please refer the Disclaimer sheet.
This research report-cum-financial model contains a wealth of information about commodity futures exchanges as an industry, the regulatory environment in India, trading volumes, business model, strengths, financials and earnings estimates of MCX, and global peer financial highlights and valuations. This document is an unlocked spreadsheet and is print-ready.
Bonus: our proprietary 'IPO Analysis Checklist' is included.
We believe this report-cum-customizable model will remain relevant all the time, and across geographies. Just plug in the current stock price, make changes in underlying assumptions and arrive at your own earnings estimates and valuations, incl. DCF, and your own target price!
This report cum model can be used as a template by US based investors / analysts tracking commodity futures exchanges, such as ICE and CBOE.