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Madhav Copper Ltd.
(MCL)
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Rating:56Neutral
Price Target:
₹56.00
▲(4.93% Upside)
Action:Reiterated
Date:09/24/26
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.
Positive Factors
Strong Revenue Growth
Revenue acceleration indicates stronger demand for the company’s copper products across electrical and industrial applications. If sustained, this broader sales base can improve capacity utilization, support operating leverage, and provide a foundation for continued earnings growth over the next several quarters.
Negative Factors
Margin Compression
Lower gross and net margins reduce the earnings produced from each unit of copper revenue and make profits more sensitive to pricing, product mix, and cost movements. Continued compression could limit operating leverage and weaken the durability of earnings despite strong sales growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue acceleration indicates stronger demand for the company’s copper products across electrical and industrial applications. If sustained, this broader sales base can improve capacity utilization, support operating leverage, and provide a foundation for continued earnings growth over the next several quarters.
Read all positive factors
Madhav Copper Ltd. (MCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.56B
Dividend YieldN/A
Average Volume (3M)63.73K
Price to Earnings (P/E)34.1
Beta (1Y)1.18
Revenue Growth83.37%
EPS Growth-2.27%
CountryIN
Employees112
SectorGeneral
Sector StrengthN/A
IndustryCopper
Share Statistics
EPS (TTM)1.66
Shares Outstanding27,142,800
10 Day Avg. Volume74,239
30 Day Avg. Volume63,735
Financial Highlights & Ratios
PEG Ratio-7.18
Price to Book (P/B)2.97
Price to Sales (P/S)0.64
P/FCF Ratio56.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 s...
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 betw...
Madhav Copper Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
57
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.68B | 2.34B | 1.25B | 355.00M | 0.00 | 1.22B |
| Gross Profit | 217.71M | 184.58M | 124.58M | 35.41M | -22.50M | -12.85M |
| EBITDA | 118.43M | 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 | 0.00 | 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 | 0.00 | 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
Negative
53.37
Price Trends
57.11
Negative
57.70
Negative
61.80
Negative
Market Momentum
0.19
Positive
46.83
Neutral
33.18
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 53.37 is below the 20-day moving average (MA) of 57.75, below the 50-day MA of 57.11, and below the 200-day MA of 61.80, indicating a bearish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 33.18 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | ₹1.56B | 34.08 | ― | ― | 83.37% | -2.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.77B | 4.12 | ― | ― | -90.69% | ― | |
47 Neutral | ₹630.00M | 101.13 | ― | 0.39% | 19.54% | -60.99% |
* General Sector Average
IN:MCL
Madhav Copper Ltd.
56.74
-2.16
-3.67%
IN:ANKITMETAL
Ankit Metal & Power Limited
2.01
0.11
5.79%
IN:KUNDANMM
Kundan Minerals and Metals Limited
―
―
―
IN:METKORE
Metkore Alloys & Industries Limited
―
―
―
IN:PRAKASHSTL
Prakash Steelage Limited
3.61
-1.72
-32.27%
IN:SHAHALLOYS
Shah Alloys Limited
87.80
15.67
21.72%
Madhav Copper Ltd. Corporate Events
M Tek Copper Discloses Promoter Share Sale Under SEBI Takeover Rules
Oct 1, 2026
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 Takeover...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
Oct 1, 2026
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...
M Tek Copper Discloses Promoter Share Sale Under SEBI Takeover Norms
Sep 29, 2026
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 Talsibha...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
Sep 29, 2026
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 Regul...
M Tek Copper Discloses Promoter Share Sale Under SEBI Takeover Rules
Sep 27, 2026
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) ...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
Sep 27, 2026
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. T...
M Tek Copper Discloses Promoter Share Sale Under SEBI Rules
Sep 27, 2026
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 a...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
Sep 27, 2026
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...
M Tek Copper Discloses Promoter’s Open-Market Share Sale Under SEBI Norms
Sep 27, 2026
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 Tak...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
Sep 27, 2026
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 ...
M Tek Copper Shareholders Clear All Resolutions at 14th AGM
Sep 26, 2026
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 bas...
M Tek Copper Promoter Trims Stake via Off-Market Gift Transfer
Sep 24, 2026
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...
M Tek Copper Discloses Promoter Gifted Share Transfer Under SEBI Rules
Sep 24, 2026
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...
M Tek Copper Promoter Trims Stake in Minor Open-Market Sale
Aug 20, 2026
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...
M Tek Copper Discloses Promoter Share Sale Under SEBI Insider Trading Rules
Aug 20, 2026
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...
M Tek Copper Appoints Chetan Gandhi & Associates as Cost Auditor for FY 2026–27
Aug 13, 2026
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 ge...
M Tek Copper Publishes Postal Ballot Notice and Confirms Electronic Dispatch
Jul 11, 2026
M Tek Copper Limited has announced that it has dispatched a postal ballot notice electronically to its shareholders and has published the related advertisement in the Financial Express and Sandesh newspapers. The move is in line with regulatory re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.