Madhav Copper Ltd. (MCL) AI Stock Analysis

• Market Cap: ₹1.38B
• Dividend Yield: N/A
• Average Volume (3M): 293.90K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 1.46
• Revenue Growth: 149.86%
• EPS Growth: 37.13%
• Country: IN
• Employees: 67
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 0.38
• Shares Outstanding: 27,142,800
• 10 Day Avg. Volume: 102,197
• 30 Day Avg. Volume: 293,902
• PEG Ratio: 0.10
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 159.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹53.00
• Price Target Upside: 4.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹53.00 ▲(4.52% Upside)

Madhav Copper Ltd. has a moderate stock score driven by strong recent revenue growth but offset by historical financial volatility and cash flow concerns. Technical indicators suggest neutral momentum, and the stock's high P/E ratio indicates potential overvaluation.

Madhav Copper Ltd. Business Overview & Revenue Model

Company Description

Madhav Copper Ltd. (MCL) is a leading manufacturer and supplier of copper products, primarily serving various industries such as electrical, construction, and automotive. The company specializes in producing a wide range of copper wires, rods, and strips, catering to both domestic and international markets. With a commitment to quality and innovation, MCL aims to meet the growing demand for copper products in an increasingly electrified world.

How the Company Makes Money

Madhav Copper Ltd. generates revenue through the manufacturing and sale of copper products, including wires, rods, and strips. The company primarily earns money by supplying these products to various sectors, such as electrical utilities, construction firms, and automotive manufacturers, which require reliable and high-quality copper materials for their operations. Key revenue streams include direct sales to large industrial clients, distribution agreements with wholesalers, and contracts for large-scale projects. Significant partnerships with other manufacturers and suppliers enhance its market reach and operational capabilities, contributing to MCL's overall earnings.

Madhav Copper Ltd. Financial Statement Overview

Summary

Madhav Copper Ltd. shows a mixed financial performance. Strong revenue growth in recent periods indicates recovery, but historical volatility and cash flow irregularities pose risks. The balance sheet is stable, yet operational inefficiencies need addressing.

Income Statement

Madhav Copper Ltd. shows a mixed performance in its income statement. The company has experienced significant revenue volatility over the years, with a recent surge in revenue in 2025. The Gross Profit Margin for 2025 stood at 10.0%, and Net Profit Margin was 3.8%. Revenue growth from 2024 to 2025 was impressive at 251%, indicating strong recovery or expansion. However, historical inconsistencies and periods of negative EBIT highlight potential operational inefficiencies.

Balance Sheet

The balance sheet of Madhav Copper Ltd. reflects moderate stability with a Debt-to-Equity Ratio of 0.57 in 2025, indicating manageable leverage. The Equity Ratio stands at 59.5%, showcasing a solid equity base. However, fluctuations in total assets and stockholders' equity over the years suggest underlying volatility in the company's capital structure, which could pose risks if not managed effectively.

Cash Flow

Cash flow analysis reveals erratic patterns, with Free Cash Flow turning positive in 2025 at 8.5 million. The Operating Cash Flow to Net Income Ratio is 0.35, suggesting challenges in converting income into cash. Additionally, the Free Cash Flow to Net Income Ratio stands at 0.18. The overall cash flow situation requires careful monitoring to ensure liquidity and operational flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.46B	1.25B	355.00M	0.00	1.22B	3.83B
Gross Profit	157.69M	124.58M	35.41M	-22.50M	27.29M	169.46M
EBITDA	72.79M	69.63M	35.66M	-24.13M	18.63M	92.19M
Net Income	46.10M	46.88M	12.27M	-44.14M	-24.40M	44.69M
Balance Sheet
Total Assets	0.00	768.22M	640.87M	1.03B	1.15B	1.30B
Cash, Cash Equivalents and Short-Term Investments	2.87M	2.87M	2.71M	2.21M	3.85M	3.21M
Total Debt	0.00	261.86M	131.83M	10.38M	73.38M	29.49M
Total Liabilities	-457.09M	311.13M	230.66M	635.78M	704.46M	836.39M
Stockholders Equity	457.09M	457.09M	410.22M	397.94M	442.09M	466.49M
Cash Flow
Free Cash Flow	0.00	8.47M	-21.84M	-5.96M	5.79M	-57.62M
Operating Cash Flow	0.00	16.37M	-13.14M	-5.81M	30.99M	20.02M
Investing Cash Flow	0.00	-5.26M	-6.61M	5.40M	-14.58M	-65.35M
Financing Cash Flow	0.00	-26.57M	20.40M	-1.08M	-13.33M	-25.78M

Madhav Copper Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 50.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MCL, the sentiment is Negative. The current price of 50.71 is below the 20-day moving average (MA) of 52.93, above the 50-day MA of 50.42, and below the 200-day MA of 50.86, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 54.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MCL.

Madhav Copper Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUBEXTUB	68 Neutral	₹1.36B	19.50	―	―	15.71%	64.45%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MCL	58 Neutral	₹1.38B	29.88	―	―	149.86%	37.13%
MANAKALUCO	56 Neutral	₹1.85B	26.87	―	0.24%	39.57%	46.71%
SALSTEEL	51 Neutral	₹2.64B	68.82	―	―	4.71%	-3228.92%
SHYAMCENT	49 Neutral	₹1.48B	―	―	―	-19.80%	-163.56%
MANGALAM	47 Neutral	₹1.11B	―	―	―	-16.39%	-410.09%

Madhav Copper Ltd. Corporate Events

Madhav Copper Announces Director Cessation

Madhav Copper Limited has announced the cessation of Mr. Chaitnya Bhanubhai Doshi as a Non-Executive Independent Director, effective September 30, 2025, following the completion of his second term. The company expressed appreciation for Mr. Doshi’s guidance and contributions during his tenure, highlighting the impact of his departure on the board’s composition and committee memberships.

Madhav Copper Limited Holds 13th AGM Virtually

Madhav Copper Limited conducted its 13th Annual General Meeting on September 25, 2025, via video conferencing, in compliance with the Companies Act, 2013 and SEBI regulations. The meeting, attended by 36 members including directors and auditors, involved the presentation of audited financial statements and other formal proceedings.

Madhav Copper Ltd. Announces Key Board Decisions and AGM Details

Madhav Copper Ltd. announced the outcomes of its Board Meeting held on August 28, 2025, which included the approval of the Board’s Report for FY 2024-25 and the scheduling of the 13th Annual General Meeting on September 25, 2025. Additionally, the company appointed Mr. Dipakkumar Girishkumar Patel as an Independent Director for a five-year term, subject to shareholder approval, and designated Mr. Ranjit Kumar Singh as the Scrutinizer for the AGM voting process. These decisions are expected to strengthen the company’s governance and operational transparency, potentially enhancing stakeholder confidence.