NSE:MCX Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, NSE:MCX stock has a consensus rating of "Buy" and an average price target of ₹3,459. The average 1-year stock price forecast is 24.73% higher than the current stock price, while the lowest is ₹2,560 (-7.68%) and the highest is ₹3,867 (+39.45%).

Price Target: ₹3,459 (+24.73%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹2,560	₹3,459	₹3,550	₹3,867
Change	-7.68%	+24.73%	+28.02%	+39.45%

Analyst Ratings

The average analyst rating for NSE:MCX stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	7	7	7	6	6	7
Buy	1	1	2	2	2	2
Hold	3	3	2	4	4	4
Sell	0	0	0	0	1	1
Strong Sell	0	0	0	0	0	0
Total	11	11	11	12	13	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Jefferies No rating	Jefferies	Buy Initiates ₹3,600	Buy	Initiates	₹3,600	+29.82%	Jul 1, 2026
Ansuman Deb ICICI Securities	ICICI Securities	Buy Maintains ₹2,980	Buy	Maintains	₹2,980	+7.46%	Jan 28, 2026

Financial Forecast

Revenue This Year

30.61B

from 24.29B

26.02%

from 24.29B

Revenue Next Year

36.55B

from 30.61B

19.41%

from 30.61B

EPS This Year

69.44

from 52.22

32.98%

from 52.22

EPS Next Year

82.54

from 69.44

18.86%

from 69.44

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	4.27B	5.79B	7.52B	11.97B	24.29B	30.61B
Revenue Growth	-13.49%	35.62%	29.93%	59.06%	102.95%	26.02%
Gross Profit	4.26B	5.78B	7.12B	11.27B	23.21B	27.61B
Gross Margin	99.64%	99.77%	94.58%	94.13%	95.56%	90.20%
Operating Income	2.06B	1.96B	1.02B	6.95B	16.96B	22.62B
Net Income	1.43B	1.49B	831.10M	5.60B	13.32B	17.98B
EPS	-	-	-	-	52.22	69.44
EPS Growth	-	-	-	-	137.75%	32.98%
Forward PE	39.83	45.13	44.58	42.54	40.15	39.93
Dividend / Share	3.48	3.82	1.53	6.00	8.00	30.51
Dividend Growth	-	9.71%	-59.98%	292.67%	33.33%	281.34%
Free Cash Flow	2.72B	674.54M	3.14B	5.82B	28.11B	22.67B
No. Analysts	-	-	-	-	-	11

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	33.9B
Avg	30.6B
Low	26.7B

Revenue Growth

Revenue Growth	2027	2028	2029
High	39.4%
Avg	26.0%
Low	9.8%

EPS Forecast

EPS	2027	2028	2029
High	76.59
Avg	69.44
Low	61.12

EPS Growth

EPS Growth	2027	2028	2029
High	46.7%
Avg	33.0%
Low	17.0%