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Madhav Copper Ltd. (MCL) AI Stock Analysis
Madhav Copper Ltd.
(NSE:MCL)
The score is driven primarily by improving financial performance (strong revenue rebound and profitability) but constrained by margin compression, rising leverage, and volatile/weak cash conversion. Technicals are mildly supportive in the short term but not strong enough to offset valuation concerns, as the P/E is elevated and no dividend yield is available.
Madhav Copper Ltd. (MCL) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 1.49B
- Dividend Yield
- ―
- Average Volume (3M)
- 62.92K
- Price to Earnings (P/E)
- 30.5
- Beta (1Y)
- 1.23
- Revenue Growth
- 83.37%
- EPS Growth
- -2.27%
- Country
- India
- Employees
- 112
- Sector
- General
- Sector Strength
- 55
- Industry
- Copper
Madhav Copper Ltd. Business Overview & Revenue Model
Company Description
Madhav Copper Limited, an Indian enterprise, specializes in the production and distribution of a comprehensive range of copper-based goods. Its extensive product catalog features fabricated copper items such as enameled, paper-covered, poly-wrap subm...
How the Company Makes Money
MCL primarily makes money by manufacturing and selling copper-based products to business customers. Revenue is generated from (1) sale of finished copper products (e.g., copper conductors/related copper items) where the company earns a margin between...
Madhav Copper Ltd. Financial Statement Overview
Summary
Revenue growth is strong (FY2026 up ~36% YoY) with sustained profitability, but margins compressed (gross ~7.9% vs ~10.0%; net ~1.9% vs ~3.8%). Leverage increased meaningfully (debt ~416M vs ~262M; higher debt/equity), and cash conversion is inconsistent with sharply lower free cash flow YoY (down ~69%) despite being positive in FY2026.
Income Statement
66PositiveBalance Sheet
57NeutralCash Flow
49Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.68B | 2.34B | 1.25B | 355.00M | 0 | 1.22B |
| Gross Profit | 217.71M | 184.58M | 124.58M | 35.41M | -22.50M | -12.85M |
| EBITDA | 118.28M | 104.51M | 69.63M | 35.66M | -24.13M | 18.63M |
| Net Income | 45.05M | 44.88M | 46.88M | 12.27M | -44.14M | -24.40M |
Balance Sheet | ||||||
| Total Assets | 0 | 1.13B | 768.22M | 640.87M | 1.03B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 4.66M | 4.66M | 2.87M | 2.71M | 2.21M | 3.85M |
| Total Debt | 0 | 416.11M | 261.86M | 131.83M | 10.38M | 73.38M |
| Total Liabilities | -501.97M | 626.44M | 311.13M | 230.66M | 635.78M | 704.46M |
| Stockholders Equity | 501.97M | 501.97M | 457.09M | 410.22M | 397.94M | 442.09M |
Cash Flow | ||||||
| Free Cash Flow | 83.92M | 26.18M | 8.47M | -21.84M | -5.96M | 5.79M |
| Operating Cash Flow | 84.42M | 29.76M | 16.37M | -13.14M | -5.81M | 30.99M |
| Investing Cash Flow | -504.65K | -3.58M | -5.26M | -6.61M | 5.40M | -14.58M |
| Financing Cash Flow | -38.15M | -23.99M | -26.57M | 20.40M | -1.08M | -13.33M |
Madhav Copper Ltd. Technical Analysis
Price Trends
Market Momentum
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 50.82 is below the 20-day moving average (MA) of 52.08, below the 50-day MA of 55.51, and below the 200-day MA of 61.05, indicating a bearish trend. The MACD of -1.80 indicates Positive momentum. The RSI at 42.83 is Neutral, neither overbought nor oversold. The STOCH value of 35.69 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
Overall Rating
- IN:MCL56Neutral
IN:SHAHALLOYS46Neutral
IN:PRAKASHSTL40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:MCL | 56Neutral | INR 1.32B | 30.52 | ― | ― | 83.37% | -2.27% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:SHAHALLOYS | 46Neutral | INR 1.49B | 3.35 | ― | ― | -87.77% | 1879.39% |
| IN:PRAKASHSTL | 40Underperform | INR 563.50M | 94.08 | ― | ― | 19.54% | -60.99% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:MCL | Madhav Copper Ltd. | 50.82 | 2.25 | 4.63% | |
| IN:ANKITMETAL | Ankit Metal & Power Limited | 2.50 | 0.64 | 34.41% | |
| IN:PRAKASHSTL | Prakash Steelage Limited | 3.32 | -1.73 | -34.26% | |
| IN:SHAHALLOYS | Shah Alloys Limited | 73.60 | -6.82 | -8.48% |
Madhav Copper Ltd. Corporate Events
M Tek Copper Discloses Promoter Share Sale Under SEBI Takeover Rules
M Tek Copper Limited has disclosed that its promoter, Vishal Talsibhai Monpara, has sold equity shares of the company through open market transactions, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers)...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
M Tek Copper Limited has disclosed a share transaction by one of its promoters, Mr. Vishal Talsibhai Monpara, in compliance with Regulation 7(2)(b) of the SEBI Prohibition of Insider Trading Regulations, 2015. The disclosure relates to the sale of eq...
M Tek Copper Discloses Promoter Share Sale Under SEBI Takeover Norms
M Tek Copper Limited has disclosed a change in promoter shareholding under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations. The filing relates to the sale of equity shares in the open market by promoter Mr. Vishal Talsibhai M...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
M Tek Copper Limited has notified the National Stock Exchange of India that it has received a regulatory disclosure from promoter Mr. Vishal Talsibhai Monpara. The disclosure, filed in Form C under SEBI’s Prohibition of Insider Trading Regulati...
M Tek Copper Discloses Promoter Share Sale Under SEBI Takeover Rules
M Tek Copper Limited has disclosed that one of its promoters, Mr. Divya Arvindbhai Monpara, has sold equity shares of the company in the open market, as required under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Reg...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
M Tek Copper Limited has disclosed a transaction by promoter Mr. Divya Arvindbhai Monpara involving the sale of the company’s equity shares, in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The...
M Tek Copper Discloses Promoter Share Sale Under SEBI Rules
M Tek Copper Limited disclosed that its promoter, Mr. Rajesh Odhavjibhai Patel, has sold equity shares of the company through open market transactions. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
M Tek Copper Limited has disclosed a transaction involving the sale of its equity shares by promoter Rajesh Odhavjibhai Patel, as required under Regulation 7(2) of the SEBI Prohibition of Insider Trading Regulations, 2015. The company informed the Na...
M Tek Copper Discloses Promoter’s Open-Market Share Sale Under SEBI Norms
M Tek Copper Limited has reported that its promoter, Mr. Vishal Talsibhai Monpara, has sold equity shares of the company in the open market. The disclosure has been made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeov...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
M Tek Copper Limited has reported a disclosure under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, related to a transaction by one of its promoters. The filing states that promoter Vishal Talsibhai Monpara has sol...
M Tek Copper Shareholders Clear All Resolutions at 14th AGM
M Tek Copper Limited, formerly Madhav Copper Limited, is a listed metal-sector company focused on copper products and related industrial materials, trading on the National Stock Exchange under the symbol MCL. It maintains an active shareholder base a...
M Tek Copper Promoter Trims Stake via Off-Market Gift Transfer
M Tek Copper Limited has disclosed a change in promoter shareholding under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations. Promoter Rajesh Odhavjibhai Patel executed an off-market transfer of 2,50,000 equity shares by way of...
M Tek Copper Discloses Promoter Gifted Share Transfer Under SEBI Rules
M Tek Copper Limited has reported a promoter group share transaction to the National Stock Exchange of India under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure concerns an off-market transfer of company equity shares by...
M Tek Copper Promoter Trims Stake in Minor Open-Market Sale
M Tek Copper Limited, formerly Madhav Copper Limited, operates in the copper and metal products industry, serving industrial customers and is listed on the National Stock Exchange under the symbol MCL. The company maintains an equity capital of Rs. 1...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
M Tek Copper Limited has disclosed a transaction by promoter Rajesh Odhavjibhai Patel under SEBI’s Prohibition of Insider Trading Regulations. Patel sold 2,500 equity shares of the company through an open market transaction on 18 August 2026, r...
M Tek Copper Appoints Chetan Gandhi & Associates as Cost Auditor for FY 2026–27
M Tek Copper Limited has appointed M/S Chetan Gandhi & Associates as cost auditor for the financial year 2026–27, with the engagement effective from August 12, 2026 and subject to shareholder ratification of remuneration at the next annual...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 24, 2026