Skip to content
thestock.space

NSE vs MCX: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

National Stock Exchange of Ind

BSE: NSE · Financial Services

₹1,908.35plus 0.74%

Multi Commodity Exchange of India

NSE: MCX · Financial Services

₹3,528.00plus 4.81%

NSE and MCX at a glance

NSE and MCX are both listed in Financial Services. NSE is the larger by market cap, at ₹4.7L Cr against ₹89,793 Cr for MCX (5.3 times as large). On valuation, NSE has the lower P/E (43.1× against 60.9×) and the lower price-to-book (11.03× against 18.05×). On returns and margins, NSE has the higher operating margin (78.3% against 74.2%), while MCX has the higher ROCE (39.0% against 30.2%) and the higher ROE (44.4% against 26.7%). Neither carries much debt for its equity: debt-to-equity is 0.01× for NSE and 0.00× for MCX.

See the full interactive comparison

Key metrics, side by side

Key metrics of NSE and MCX
MetricNSENSEMCXMCX
Price (₹)1,908.353,528.00
Market cap (₹ Cr)4,72,31789,793
P/E43.1× (the lower figure, shaded)60.9×
P/B11.03× (the lower figure, shaded)18.05×
Dividend yield, trailing0.00%0.23% (the higher figure, shaded)
ROE26.7%44.4% (the higher figure, shaded)
ROCE30.2%39.0% (the higher figure, shaded)
Operating margin (OPM)78.3% (the higher figure, shaded)74.2%
Net margin (NPM)56.2%55.9%
Sales CAGR 3Y–+67.8%
Profit CAGR 3Y–+107.5%
Debt to equity0.01×0.00×
Interest cover345.8×4696.4× (the higher figure, shaded)
Net profit TTM (₹ Cr)–1,799
1Y return+5.0%+80.5% (the higher figure, shaded)
Promoter holding–0.00%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

NSE vs MCX: common questions

Which is bigger, NSE or MCX?

By market cap, NSE is bigger at ₹4.7L Cr, against ₹89,793 Cr for MCX (prices as of 6 Nov 2026).

Which has a lower P/E ratio, NSE or MCX?

NSE trades at a P/E of 43.1× and MCX at 60.9×. NSE has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.

Which has a higher ROE, NSE or MCX?

NSE reports a return on equity of 26.7% and MCX 44.4%. MCX has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Go to the stock pages for NSE and MCX, or add up to four more companies in the interactive comparison.