Madhav Copper Ltd. (MCL) AI Stock Analysis

• Market Cap: ₹1.38B
• Dividend Yield: N/A
• Average Volume (3M): 293.90K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 1.46
• Revenue Growth: 149.86%
• EPS Growth: 37.13%
• Country: IN
• Employees: 67
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 0.38
• 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: ₹53.00
• Price Target Upside: 4.45% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: ₹53.00 ▲(4.45% Upside)

Madhav Copper Ltd. has a moderate stock score driven by strong recent revenue growth but offset by historical financial volatility and cash flow concerns. Technical indicators suggest neutral momentum, and the stock's high P/E ratio indicates potential overvaluation.

Madhav Copper Ltd. Business Overview & Revenue Model

Company Description

Madhav Copper Ltd. (MCL) is a prominent manufacturer and supplier in the copper industry, specializing in a wide range of copper products. The company operates primarily in the sectors of electrical and electronics, offering products such as copper rods, wires, and strips, which are critical components in various industrial applications. MCL is recognized for its emphasis on quality and innovation, catering to both domestic and international markets.

How the Company Makes Money

Madhav Copper Ltd. generates revenue primarily through the manufacture and sale of copper products. The company's key revenue streams include the sale of copper rods, wires, and strips to industries involved in electrical and electronic manufacturing. MCL's earnings are bolstered by its ability to maintain strong relationships with key clients, efficient production processes, and a strategic supply chain that ensures steady access to raw materials. Additionally, the company's focus on innovation and quality allows it to command competitive pricing, contributing positively to its profitability.

Madhav Copper Ltd. Financial Statement Overview

Summary

Madhav Copper Ltd. shows a mixed financial performance. Strong revenue growth in recent periods indicates recovery, but historical volatility and cash flow irregularities pose risks. The balance sheet is stable, yet operational inefficiencies need addressing.

Income Statement

Madhav Copper Ltd. shows a mixed performance in its income statement. The company has experienced significant revenue volatility over the years, with a recent surge in revenue in 2025. The Gross Profit Margin for 2025 stood at 10.0%, and Net Profit Margin was 3.8%. Revenue growth from 2024 to 2025 was impressive at 251%, indicating strong recovery or expansion. However, historical inconsistencies and periods of negative EBIT highlight potential operational inefficiencies.

Balance Sheet

The balance sheet of Madhav Copper Ltd. reflects moderate stability with a Debt-to-Equity Ratio of 0.57 in 2025, indicating manageable leverage. The Equity Ratio stands at 59.5%, showcasing a solid equity base. However, fluctuations in total assets and stockholders' equity over the years suggest underlying volatility in the company's capital structure, which could pose risks if not managed effectively.

Cash Flow

Cash flow analysis reveals erratic patterns, with Free Cash Flow turning positive in 2025 at 8.5 million. The Operating Cash Flow to Net Income Ratio is 0.35, suggesting challenges in converting income into cash. Additionally, the Free Cash Flow to Net Income Ratio stands at 0.18. The overall cash flow situation requires careful monitoring to ensure liquidity and operational flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.46B	1.25B	355.00M	0.00	1.22B	3.83B
Gross Profit	157.69M	124.58M	35.41M	-22.50M	27.29M	169.46M
EBITDA	72.79M	69.63M	35.66M	-24.13M	18.63M	92.19M
Net Income	46.10M	46.88M	12.27M	-44.14M	-24.40M	44.69M
Balance Sheet
Total Assets	0.00	768.22M	640.87M	1.03B	1.15B	1.30B
Cash, Cash Equivalents and Short-Term Investments	2.87M	2.87M	2.71M	2.21M	3.85M	3.21M
Total Debt	0.00	261.86M	131.83M	10.38M	73.38M	29.49M
Total Liabilities	-457.09M	311.13M	230.66M	635.78M	704.46M	836.39M
Stockholders Equity	457.09M	457.09M	410.22M	397.94M	442.09M	466.49M
Cash Flow
Free Cash Flow	0.00	8.47M	-21.84M	-5.96M	5.79M	-57.62M
Operating Cash Flow	0.00	16.37M	-13.14M	-5.81M	30.99M	20.02M
Investing Cash Flow	0.00	-5.26M	-6.61M	5.40M	-14.58M	-65.35M
Financing Cash Flow	0.00	-26.57M	20.40M	-1.08M	-13.33M	-25.78M

Madhav Copper Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 50.74
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 50.74 is below the 20-day moving average (MA) of 52.69, above the 50-day MA of 50.34, and below the 200-day MA of 50.95, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 48.17 is Neutral, neither overbought nor oversold. The STOCH value of 27.66 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	67 Neutral	₹1.34B	19.13	―	―	15.71%	64.45%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MCL	58 Neutral	₹1.38B	29.88	―	―	149.86%	37.13%
MANGALAM	58 Neutral	₹1.11B	19.78	―	―	-16.39%	-410.09%
MANAKALUCO	56 Neutral	₹1.85B	26.87	―	0.25%	39.57%	46.71%
SALSTEEL	50 Neutral	₹2.64B	68.82	―	―	4.71%	-3228.92%
SHYAMCENT	49 Neutral	₹1.47B	―	―	―	-19.80%	-163.56%

Madhav Copper Ltd. Corporate Events

Madhav Copper Ltd. Updates on GST Search and Compliance

Madhav Copper Limited has disclosed a delay in compliance with SEBI’s Regulation 30 due to the COVID-19 pandemic, with no malafide intent. The company faced a GST search by SGST authorities, resulting in provisional attachment of assets and a temporary GST number cancellation. Although the company’s operations were impacted, there is no financial impact except for a demand of Rs. 137 Crore for wrongful Input Tax Credit availment, which is under appeal.