Madhav Copper Ltd. (IN:MCL)
:MCL
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Madhav Copper Ltd.
(MCL)
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Rating:56Neutral
Price Target:
₹65.00
▲(21.07% Upside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by improving financial performance (revenue rebound and sustained profitability) but tempered by margin compression, rising leverage, and volatile/thin cash generation. Technical indicators are modestly supportive, while valuation is a clear headwind due to the elevated P/E and lack of dividend support.
Positive Factors
Revenue Momentum
A ~36% revenue rebound in FY2026 indicates durable demand recovery and stronger sales traction versus recent years. Sustained top-line momentum supports better capacity utilization and provides runway for margin recovery and reinvestment, improving medium-term earnings prospects.
Negative Factors
Margin Compression
Material year-over-year margin deterioration erodes operating leverage and reduces earnings quality. Lower gross and net margins heighten sensitivity to raw-material or pricing shocks, constraining free cash flow generation and limiting the firm's ability to fund growth or delever without margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Momentum
A ~36% revenue rebound in FY2026 indicates durable demand recovery and stronger sales traction versus recent years. Sustained top-line momentum supports better capacity utilization and provides runway for margin recovery and reinvestment, improving medium-term earnings prospects.
Read all positive factors
Madhav Copper Ltd. (MCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.57B
Dividend YieldN/A
Average Volume (3M)293.90K
Price to Earnings (P/E)35.4
Beta (1Y)1.13
Revenue Growth87.97%
EPS Growth-4.00%
CountryIN
Employees67
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)1.26
Shares Outstanding27,142,800
10 Day Avg. Volume102,197
30 Day Avg. Volume293,902
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
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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 | 1.72B | 2.34B | 1.25B | 355.00M | 0.00 | 1.22B |
| Gross Profit | 169.54M | 184.58M | 124.58M | 35.41M | -22.50M | 27.29M |
| EBITDA | 78.23M | 104.51M | 69.63M | 35.66M | -24.13M | 18.63M |
| Net Income | 34.62M | 44.88M | 46.88M | 12.27M | -44.14M | -24.40M |
Balance Sheet | ||||||
| Total Assets | 1.02B | 1.13B | 768.22M | 640.87M | 1.03B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 52.09M | 4.66M | 2.87M | 2.71M | 2.21M | 3.85M |
| Total Debt | 403.50M | 416.11M | 261.86M | 131.83M | 10.38M | 73.38M |
| Total Liabilities | 553.86M | 626.44M | 311.13M | 230.66M | 635.78M | 704.46M |
| Stockholders Equity | 465.48M | 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
Neutral
53.69
Price Trends
60.66
Negative
64.45
Negative
59.08
Positive
Market Momentum
-0.65
Negative
49.57
Neutral
75.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MCL, the sentiment is Neutral. The current price of 53.69 is below the 20-day moving average (MA) of 59.63, below the 50-day MA of 60.66, and below the 200-day MA of 59.08, indicating a neutral trend. The MACD of -0.65 indicates Negative momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 75.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MCL.
Madhav Copper Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹1.57B | 35.43 | ― | ― | 87.97% | -4.00% | |
50 Neutral | ₹787.50M | 94.02 | ― | ― | 18.52% | -35.36% | |
49 Neutral | ₹1.31B | 3.45 | ― | ― | -85.24% | ― |
* Basic Materials Sector Average
IN:MCL
Madhav Copper Ltd.
59.66
2.31
4.03%
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1.55
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-26.89%
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Kundan Minerals and Metals Limited
―
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―
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IN:PRAKASHSTL
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-24.84%
IN:SHAHALLOYS
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8.22
13.25%
Madhav Copper Ltd. Corporate Events
Madhav Copper Rebrands as M Tek Copper After Regulatory Nod
May 6, 2026
M Tek Copper Limited has officially changed its corporate name from Madhav Copper Limited following approval from the Registrar of Companies, with the new name effective from May 5, 2026. The company’s Memorandum and Articles of Association ...
Madhav Copper Files GST Appeal, Sees No Impact on Operations
Apr 18, 2026
Madhav Copper Ltd. has updated the market that it has filed an appeal on 21 March 2026 against an adjudication order issued earlier by CGST/SGST authorities, following a tax-related order first disclosed in January 2026. The company has stated tha...
Madhav Copper Publishes Postal Ballot Dispatch Notice in Newspapers
Mar 21, 2026
Madhav Copper Ltd. has announced that it has published a newspaper advertisement regarding the dispatch of its Postal Ballot Notice to shareholders, in line with regulatory requirements. The notice, confirming completion of the electronic dispatch...
Madhav Copper Board Backs Name Change to M Tek Copper
Mar 19, 2026
Madhav Copper Ltd. has approved a proposal to change its corporate name to M Tek Copper Ltd., along with corresponding amendments to its Memorandum and Articles of Association, in a move that underscores a refreshed corporate identity and potentia...
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.