Madhav Copper Ltd. (MCL) AI Stock Analysis

• Market Cap: ₹1.56B
• Dividend Yield: N/A
• Average Volume (3M): 293.90K
• Price to Earnings (P/E): 64.1
• Beta (1Y): 1.19
• Revenue Growth: 119.41%
• EPS Growth: -35.45%
• Country: IN
• Employees: 67
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 0.28
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: ₹58.00 ▲(8.03% Upside)
• Action: Reiterated Date: 01/04/26
• Date: Action: Reiterated 01/04/26

The score is held back primarily by expensive valuation (P/E 61.87) and weaker cash-flow conversion (OCF/NI 0.35) despite improved revenue growth and a moderately stable balance sheet. Technicals show a strong trend but extremely overbought signals (RSI 88.56, Stoch 100) add near-term downside risk.

Positive Factors

Revenue recovery and scale

A 251% year‑over‑year revenue surge signals meaningful recovery or expanded market share, indicating stronger demand or higher volumes. Sustained top‑line growth improves capacity utilization, spreads fixed costs, and creates a clearer runway for margin improvement and reinvestment over the next several months.

Negative Factors

Weak cash conversion

Low OCF/NI and FCF/NI ratios show reported profits are not reliably converting into cash, limiting the company's ability to self‑fund investments, pay down debt, or return capital. Over several months, this constrains flexibility during raw‑material price swings or if working capital needs rise.

Madhav Copper Ltd. Business Overview & Revenue Model

Company Description

Madhav Copper Limited manufactures and sells copper products in India. The company offers copper fabricated products, enameled copper wires, paper covered copper conductors, poly wrap submersible winding wires, fiberglass copper conductors, tapped...

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Madhav Copper Limited manufactures and sells copper products in India. The company offers copper fabricated products, enameled copper wires, paper covered copper conductors, poly wrap submersible winding wires, fiberglass copper conductors, tapped...

How the Company Makes Money

MCL primarily makes money by manufacturing copper products and selling them to customers, generating revenue from the sale of finished copper/copper-alloy goods. Key revenue streams therefore consist of (1) sales of manufactured copper products (e...

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MCL primarily makes money by manufacturing copper products and selling them to customers, generating revenue from the sale of finished copper/copper-alloy goods. Key revenue streams therefore consist of (1) sales of manufactured copper products (e...

Madhav Copper Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.72B	1.25B	355.00M	0.00	1.22B	3.83B
Gross Profit	169.54M	124.58M	35.41M	-22.50M	27.29M	169.46M
EBITDA	78.23M	69.63M	35.66M	-24.13M	18.63M	95.44M
Net Income	34.62M	46.88M	12.27M	-44.14M	-24.40M	44.69M
Balance Sheet
Total Assets	1.02B	768.22M	640.87M	1.03B	1.15B	1.30B
Cash, Cash Equivalents and Short-Term Investments	52.09M	2.87M	2.71M	2.21M	3.85M	3.21M
Total Debt	403.50M	261.86M	131.83M	10.38M	73.38M	29.49M
Total Liabilities	553.86M	311.13M	230.66M	635.78M	704.46M	836.39M
Stockholders Equity	465.48M	457.09M	410.22M	397.94M	442.09M	466.49M
Cash Flow
Free Cash Flow	83.92M	8.47M	-21.84M	-5.96M	5.79M	-57.62M
Operating Cash Flow	84.42M	16.37M	-13.14M	-5.81M	30.99M	20.02M
Investing Cash Flow	-504.65K	-5.26M	-6.61M	5.40M	-14.58M	-65.35M
Financing Cash Flow	-38.15M	-26.57M	20.40M	-1.08M	-13.33M	-25.78M

Madhav Copper Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• 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 53.69 is below the 20-day moving average (MA) of 63.13, below the 50-day MA of 70.98, and below the 200-day MA of 56.97, indicating a neutral trend. The MACD of -2.61 indicates Positive momentum. The RSI at 36.01 is Neutral, neither overbought nor oversold. The STOCH value of 20.41 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	63 Neutral	₹1.14B	13.22	―	―	29.24%	75.16%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKALUCO	57 Neutral	₹1.50B	28.65	―	0.28%	19.61%	21.47%
SALSTEEL	57 Neutral	₹3.95B	15.95	―	―	0.19%	-2962.74%
MCL	53 Neutral	₹1.56B	64.12	―	―	119.41%	-35.45%
MANGALAM	50 Neutral	₹449.68M	-1.11	―	―	-24.55%	-310.57%
SHYAMCENT	45 Neutral	₹814.74M	-5.31	―	―	-41.73%	-37.19%

Madhav Copper Ltd. Corporate Events