Madhav Copper Ltd

MCL

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Market Cap

₹ 142 Cr

P/E

40.95

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Madhav Copper Limited, established in 2012 and listed on NSE EMERGE, manufactures high-conductivity copper products such as wires, rods, and bus bars for electrical applications.

The company's copper products meet stringent national and international standards, ensuring suitability for power generation, transmission, and electronics industries.

In 2018, Madhav Copper expanded its product portfolio and installed a new copper furnace to enhance manufacturing capabilities.

Recent approvals by Indian Railways for specific copper products mark a significant endorsement and potential growth avenue.

Madhav Copper continues to innovate with new products like oxygen-free copper rods and paper-insulated conductors, reflecting its commitment to advancing copper technologies.

Sector

Non Ferrous Metals

Industry

Metal - Copper / Copper Alloy Products

Market Cap

142 Cr

Volatility

Low Risk

P/E Ratio

41.0

Industry P/E

56.0

PEG Ratio

0.1

P/B Ratio

3.1

52W High

67.50

52W Low

39.60

Sales CAGR

251.18%

0.66%

-9.23%

10Y

14.94%

Profit CAGR

281.30%

—

1.05%

10Y

23.03%

ROE

TTM

7.44%

1.19%

1.62%

10Y

5.34%

ROCE

TTM

7.19%

1.73%

3.62%

10Y

9.82%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PARMESHWAR	109.40	167 Cr	15.24	2.37	0.69	20.03	23.89	14.90
BAROEXT	7.65	145 Cr	29.92	7.38	0.00	24.38	24.58	50.64
MCL	52.42	142 Cr	40.95	3.06	0.00	7.44	7.19	3.43
CUBEXTUB	94.38	135 Cr	18.22	1.71	0.00	9.42	10.29	4.89
SHILGRAVQ	218.05	134 Cr	47.40	1.30	0.96	2.74	4.56	2.24
RAJMET	4.04	112 Cr	—	2.05	0.00	-2.73	8.59	-1.31
MSCTC	116.35	81 Cr	—	70.88	0.00	-5.80	-5.79	-5.20

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.44	6.02	13	15	24	26	33	42	46	51
Expenses	2.02	6.68	14	15	23	24	31	40	44	49
Operating Profit	-0.58	-0.66	-0.09	0.08	1.78	1.46	1.76	1.16	2.02	1.83
OPM %	-40.28	-10.96	-0.67	0.55	7.27	5.67	5.36	2.79	4.37	3.58
Other Income	0.01	0.07	0.18	4.55	0.09	0.16	0.14	0.39	0.17	0.34
Interest	0.01	0.03	0.20	0.32	0.31	0.31	0.52	0.72	0.80	0.70
Depreciation	0.44	0.45	0.47	0.48	0.40	0.41	0.41	0.44	0.36	0.36
Profit Before Tax	-1.03	-1.07	-0.58	3.84	1.17	0.91	0.98	0.40	1.03	1.11
Tax %	1.94	1.87	-55.17	-9.38	4.27	-4.40	7.14	-330.00	-0.97	118.02
Net Profit	-1.01	-1.06	-0.90	4.20	1.12	0.94	0.91	1.72	1.04	-0.20
EPS in Rs	-0.37	-0.39	-0.33	1.55	0.41	0.35	0.33	0.63	0.38	-0.08

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	72	169	213	202	383	122	0.00	36	125	146
Expenses	69	164	204	194	374	122	2.66	37	119	140
Operating Profit	2.49	4.49	8.89	8.70	9.13	0.15	-2.66	-1.24	6.16	6.40
OPM %	3.48	2.66	4.18	4.30	2.38	0.12	—	-3.49	4.94	4.37
Other Income	0.19	0.29	0.06	0.79	0.42	1.72	0.21	4.81	0.80	0.86
Interest	1.04	0.92	1.26	1.06	0.83	0.87	0.57	0.57	1.85	2.35
Depreciation	0.45	0.66	1.77	2.35	2.63	2.88	2.25	1.85	1.66	1.62
Profit Before Tax	1.13	3.20	5.92	6.08	6.08	-1.89	-5.27	1.16	3.45	3.32
Tax %	25.51	25.99	38.47	26.77	26.56	-29.18	16.30	-6.21	-35.72	-38.86
Net Profit	0.84	2.37	3.64	4.45	4.47	-2.44	-4.41	1.23	4.69	4.61
EPS in Rs	—	—	—	—	1.65	-1.33	-1.63	0.46	1.72	1.26
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.50	2.05	2.05	6.16	14	14	14	14	14	14
Reserves	0.95	4.99	7.36	6.89	29	33	31	26	27	32
Borrowings	5.51	10	6.90	10	2.62	1.63	6.63	1.01	13	26
Other Liabilities	1.15	5.39	7.53	22	15	82	64	63	9.91	5.40
Total Liabilities	9.11	23	24	46	60	130	115	103	64	77
Fixed Assets	2.56	3.84	5.53	12	13	15	13	11	9.89	9.02
CWIP	0.00	0.00	0.00	0.00	0.00	1.62	2.60	2.61	2.93	2.93
Investments	0.00	0.00	0.80	1.18	1.15	1.15	0.71	0.17	0.02	0.02
Other Assets	6.55	19	18	32	46	112	98	89	51	65
Total Assets	9.11	23	24	46	60	130	115	103	64	77

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.69	-6.00	7.11	8.67	-13	2.00	3.10	-0.58	-1.31	3.22
Cash from Investing Activity	-0.02	-1.97	-3.00	-8.68	-3.01	-6.54	-1.46	0.54	-0.66	-0.53
Cash from Financing Activity	-1.64	8.06	-4.18	0.03	23	-2.58	-1.33	-0.11	2.04	-2.66
Net Cash Flow	0.02	0.09	-0.08	0.02	7.15	-7.11	0.31	-0.15	0.07	0.04

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%	33.66%
Total Shareholders	11,659	11,422	10,763	10,697	10,996	11,649	12,850	14,069	16,340	16,085	16,849	19,242

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Sep 25, 2025	Trupti sureshbhai kukadia	Bulk	Sell	54.98	0.79 Cr	1,43,203	0.52
Dec 13, 2024	Multiplier share & stock advi...	Bulk	Buy	62.73	1.25 Cr	2,00,000	0.73
Nov 29, 2024	Nk securities research privat...	Bulk	Sell	48.85	0.69 Cr	1,41,042	0.51
Nov 29, 2024	Nk securities research privat...	Bulk	Buy	48.70	0.67 Cr	1,37,330	0.50
Nov 29, 2024	Amit kumar jain huf	Bulk	Buy	50.05	0.83 Cr	1,66,059	0.61
Nov 29, 2024	Amit kumar jain huf	Bulk	Sell	49.94	0.58 Cr	1,16,059	0.42

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

Corporate Action

1 day ago

Madhav Copper Trading Window Closure

Madhav Copper Limited announces the closure of its trading window ahead of the unaudited financial results for Q3 ending December 31, 2025, as mandated by SEBI regulations.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY20

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Bullish

Overall

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.44	6.02	13	15	24	26	33	42	46	51
Expenses	2.02	6.68	14	15	23	24	31	40	44	49
Operating Profit	-0.58	-0.66	-0.09	0.08	1.78	1.46	1.76	1.16	2.02	1.83
OPM %	-40.28	-10.96	-0.67	0.55	7.27	5.67	5.36	2.79	4.37	3.58
Other Income	0.01	0.07	0.18	4.55	0.09	0.16	0.14	0.39	0.17	0.34
Interest	0.01	0.03	0.20	0.32	0.31	0.31	0.52	0.72	0.80	0.70
Depreciation	0.44	0.45	0.47	0.48	0.40	0.41	0.41	0.44	0.36	0.36
Profit Before Tax	-1.03	-1.07	-0.58	3.84	1.17	0.91	0.98	0.40	1.03	1.11
Tax %	1.94	1.87	-55.17	-9.38	4.27	-4.40	7.14	-330.00	-0.97	118.02
Net Profit	-1.01	-1.06	-0.90	4.20	1.12	0.94	0.91	1.72	1.04	-0.20
EPS in Rs	-0.37	-0.39	-0.33	1.55	0.41	0.35	0.33	0.63	0.38	-0.08

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	72	169	213	202	383	122	0.00	36	125	146
Expenses	69	164	204	194	374	122	2.66	37	119	140
Operating Profit	2.49	4.49	8.89	8.70	9.13	0.15	-2.66	-1.24	6.16	6.40
OPM %	3.48	2.66	4.18	4.30	2.38	0.12	—	-3.49	4.94	4.37
Other Income	0.19	0.29	0.06	0.79	0.42	1.72	0.21	4.81	0.80	0.86
Interest	1.04	0.92	1.26	1.06	0.83	0.87	0.57	0.57	1.85	2.35
Depreciation	0.45	0.66	1.77	2.35	2.63	2.88	2.25	1.85	1.66	1.62
Profit Before Tax	1.13	3.20	5.92	6.08	6.08	-1.89	-5.27	1.16	3.45	3.32
Tax %	25.51	25.99	38.47	26.77	26.56	-29.18	16.30	-6.21	-35.72	-38.86
Net Profit	0.84	2.37	3.64	4.45	4.47	-2.44	-4.41	1.23	4.69	4.61
EPS in Rs	—	—	—	—	1.65	-1.33	-1.63	0.46	1.72	1.26
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.50	2.05	2.05	6.16	14	14	14	14	14	14
Reserves	0.95	4.99	7.36	6.89	29	33	31	26	27	32
Borrowings	5.51	10	6.90	10	2.62	1.63	6.63	1.01	13	26
Other Liabilities	1.15	5.39	7.53	22	15	82	64	63	9.91	5.40
Total Liabilities	9.11	23	24	46	60	130	115	103	64	77
Fixed Assets	2.56	3.84	5.53	12	13	15	13	11	9.89	9.02
CWIP	0.00	0.00	0.00	0.00	0.00	1.62	2.60	2.61	2.93	2.93
Investments	0.00	0.00	0.80	1.18	1.15	1.15	0.71	0.17	0.02	0.02
Other Assets	6.55	19	18	32	46	112	98	89	51	65
Total Assets	9.11	23	24	46	60	130	115	103	64	77

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.69	-6.00	7.11	8.67	-13	2.00	3.10	-0.58	-1.31	3.22
Cash from Investing Activity	-0.02	-1.97	-3.00	-8.68	-3.01	-6.54	-1.46	0.54	-0.66	-0.53
Cash from Financing Activity	-1.64	8.06	-4.18	0.03	23	-2.58	-1.33	-0.11	2.04	-2.66
Net Cash Flow	0.02	0.09	-0.08	0.02	7.15	-7.11	0.31	-0.15	0.07	0.04

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PARMESHWAR	109.40	167 Cr	15.24	2.37	0.69	20.03	23.89	14.90
BAROEXT	7.65	145 Cr	29.92	7.38	0.00	24.38	24.58	50.64
MCL	52.42	142 Cr	40.95	3.06	0.00	7.44	7.19	3.43
CUBEXTUB	94.38	135 Cr	18.22	1.71	0.00	9.42	10.29	4.89
SHILGRAVQ	218.05	134 Cr	47.40	1.30	0.96	2.74	4.56	2.24
RAJMET	4.04	112 Cr	—	2.05	0.00	-2.73	8.59	-1.31
MSCTC	116.35	81 Cr	—	70.88	0.00	-5.80	-5.79	-5.20

Overview

Detailed Summary

Madhav Copper Limited, established in 2012 and listed on NSE EMERGE, manufactures high-conductivity copper products such as wires, rods, and bus bars for electrical applications.

The company's copper products meet stringent national and international standards, ensuring suitability for power generation, transmission, and electronics industries.

In 2018, Madhav Copper expanded its product portfolio and installed a new copper furnace to enhance manufacturing capabilities.

Recent approvals by Indian Railways for specific copper products mark a significant endorsement and potential growth avenue.

Madhav Copper continues to innovate with new products like oxygen-free copper rods and paper-insulated conductors, reflecting its commitment to advancing copper technologies.

Sector

Non Ferrous Metals

Industry

Metal - Copper / Copper Alloy Products

Market Cap

142 Cr

Volatility

Low Risk

P/E Ratio

41.0

Industry P/E

56.0

PEG Ratio

0.1

P/B Ratio

3.1

52W High

67.50

52W Low

39.60

Sales CAGR

251.18%

0.66%

-9.23%

10Y

14.94%

Profit CAGR

281.30%

—

1.05%

10Y

23.03%

ROE

TTM

7.44%

1.19%

1.62%

10Y

5.34%

ROCE

TTM

7.19%

1.73%

3.62%

10Y

9.82%