Madhav Copper Ltd

Madhav Copper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madhav Copper Ltd

₹ 37.2 -0.13%
19 Apr - close price
Company website NSE - BE : MCL
About

Incorporated in 2012, Madhav Copper is a part of Madhav Group. The company manufactures and trades in copper winding wires, enameled copper wires, enameled copper round winding wire, Poly wrap submersible winding wires, enameled aluminum round winding wire, bare copper wire, and other copper strips and wires. The company is located at Bhavnagar, Gujarat. [1]

Key Points

Product Portfolio & Usage:[1]
a) Copper Bus Bars, Strips & Rods: These are available in both high conductivity electrolytic tough pitch (MCL-ETP) and high conductivity Oxygen-Free (OFC) copper.
b) Tin-plated copper busbars: used in Switch-boards, Switchgears, Electrical Panels, Power Transformers, Busduct, Earthing, Electrical Conductors, etc.
c) Copper profile: Used in Power generation - Hydro-generators, turbo, wind, and nuclear-generators, Electrical appliances, Heat Sinks or CPU Coolers, etc.
d) Fabricated copper busbar: Used in Switch-boards, Switchgears, etc.
e) Silver-bearing copper: Used in Commutator Bars, Segments in traction motor and various industrial DC motors, Vacuum Interrupters, Stators.
f) Copper Earth Rods: These rods are used for their low maintenance and construction.
g)Copper anodes: Electro Plating Applications, Antimicrobial properties Coating, Sea Water Pipe-work Anti-fouling, etc.
h) Enameled Copper Round Winding Wire: Used in transformers, etc.
i) Paper Insulated Copper Conductor: Used in Oil-filled Power and Distribution Transformers, Traction Equipment, Dry Type Transformers, High Tension Motors/Generator,
j) Fiberglass/daglas Covered Copper Conductor: Used in HT Motor stator, Traction Equipment, Generators, and Hydro generators.
k) Kapton Polyimide Covered Copper Conductor: Used in Traction Machines Winding, Water immersed Winding, Special Type motors
Submersible Winding Wires: Used in submersible pump motors of all sizes for domestic and industrial applications.

The Copper Conductors are manufactured from 99.997% of pure ETP and OFC grade copper and insulated with high thermal class engineered insulation material, which provides excellent dielectric properties and excellent resistance to cracking[2]

Website NSE - BE
  • Market Cap ₹ 101 Cr.
  • Current Price ₹ 37.2
  • High / Low ₹ 50.9 / 26.1
  • Stock P/E
  • Book Value ₹ 13.9
  • Dividend Yield 0.00 %
  • ROCE -9.72 %
  • ROE -10.0 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Stock is trading at 2.68 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.15% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
145.75 111.62 10.64 -0.01 0.00 0.00 0.00 0.00 0.00 1.44 6.02 13.47
144.59 110.04 10.86 0.43 0.78 0.30 2.40 -0.55 0.52 2.02 6.68 13.56
Operating Profit 1.16 1.58 -0.22 -0.44 -0.78 -0.30 -2.40 0.55 -0.52 -0.58 -0.66 -0.09
OPM % 0.80% 1.42% -2.07% -40.28% -10.96% -0.67%
0.16 0.95 0.04 0.01 0.72 0.01 0.17 0.04 -0.01 0.01 0.07 0.18
Interest 0.04 0.15 0.25 0.24 0.22 0.25 0.27 0.03 0.02 0.01 0.03 0.20
Depreciation 0.83 0.75 0.70 0.72 0.72 0.56 0.56 0.56 0.56 0.44 0.45 0.47
Profit before tax 0.45 1.63 -1.13 -1.39 -1.00 -1.10 -3.06 0.00 -1.11 -1.02 -1.07 -0.58
Tax % -6.67% 24.54% 25.66% 8.63% -55.00% 78.18% 0.98% -3.60% 1.96% 1.87% -55.17%
0.49 1.22 -0.84 -1.27 -1.55 -0.24 -3.03 0.02 -1.16 -1.01 -1.06 -0.90
EPS in Rs 0.18 0.45 -0.31 -0.47 -0.57 -0.09 -1.12 0.01 -0.43 -0.37 -0.39 -0.33
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Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 1.12 19.63 35.61 71.45 168.77 212.88 202.28 383.35 122.20 0.00 20.93
0.00 1.43 18.36 33.57 69.02 164.28 203.99 193.58 374.22 122.06 2.41 22.78
Operating Profit 0.00 -0.31 1.27 2.04 2.43 4.49 8.89 8.70 9.13 0.14 -2.41 -1.85
OPM % -27.68% 6.47% 5.73% 3.40% 2.66% 4.18% 4.30% 2.38% 0.11% -8.84%
0.00 0.01 0.06 0.07 0.19 0.29 0.06 0.79 0.42 1.72 -0.04 0.25
Interest 0.00 0.18 0.42 0.81 1.04 0.92 1.26 1.06 0.83 0.87 0.57 0.26
Depreciation 0.00 0.14 0.41 0.22 0.45 0.66 1.77 2.35 2.63 2.88 2.25 1.92
Profit before tax 0.00 -0.62 0.50 1.08 1.13 3.20 5.92 6.08 6.09 -1.89 -5.27 -3.78
Tax % 0.00% 30.00% 32.41% 25.66% 25.94% 38.51% 26.64% 26.60% -29.10% 16.32%
0.00 -0.62 0.35 0.73 0.84 2.37 3.64 4.45 4.47 -2.44 -4.41 -4.13
EPS in Rs 0.00 -0.69 0.19 0.30 0.34 0.96 1.48 1.64 1.65 -0.90 -1.62 -1.52
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: -14%
3 Years: -25%
1 Year: 25%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: -2%
Last Year: -10%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.24 0.75 1.50 1.50 2.05 2.05 6.16 13.57 13.57 13.57 13.57 13.57
Reserves 0.20 -0.57 -0.08 0.95 4.99 7.36 6.89 28.61 33.08 30.64 26.22 24.15
0.30 3.97 6.40 5.93 11.09 7.29 11.92 4.14 2.95 7.33 1.04 7.14
0.06 0.59 4.19 0.73 4.69 7.13 20.57 13.50 80.69 63.11 62.54 22.05
Total Liabilities 0.80 4.74 12.01 9.11 22.82 23.83 45.54 59.82 130.29 114.65 103.37 66.91
0.59 2.29 2.38 2.56 3.84 5.53 12.10 12.83 15.30 13.44 11.20 10.65
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.62 2.60 2.61 2.70
Investments 0.00 0.00 0.04 0.00 0.00 0.80 1.18 1.15 1.15 0.71 0.17 0.02
0.21 2.45 9.59 6.55 18.98 17.50 32.26 45.84 112.22 97.90 89.39 53.54
Total Assets 0.80 4.74 12.01 9.11 22.82 23.83 45.54 59.82 130.29 114.65 103.37 66.91

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.00 -2.52 1.69 -6.00 7.11 8.67 -13.19 2.00 3.10 -0.58
0.00 0.00 -0.52 -0.02 -1.97 -3.00 -8.68 -3.01 -6.54 -1.46 0.54
0.00 0.00 3.02 -1.64 8.06 -4.18 0.03 23.35 -2.58 -1.33 -0.11
Net Cash Flow 0.00 0.00 -0.02 0.02 0.09 -0.08 0.02 7.15 -7.11 0.31 -0.15

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 218.35 117.14 35.98 44.19 29.72 40.45 23.64 34.56 109.02
Inventory Days 423.66 50.80 24.20 41.71 3.91 12.81 21.21 49.28 107.13 12,797.81
Days Payable 26.07 71.21 3.36 22.74 12.55 31.96 19.36 77.58 179.42 22,074.90
Cash Conversion Cycle 615.94 96.74 56.82 63.16 21.07 21.30 25.49 6.26 36.73
Working Capital Days 593.12 96.50 53.20 63.55 21.30 17.87 42.67 28.67 102.66
ROCE % -18.00% 15.37% 23.33% 15.84% 22.85% 34.46% 18.12% 14.18% -3.16% -9.72%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.32% 66.32% 66.32% 66.32% 66.32% 66.33% 66.34% 66.34% 66.34% 66.34% 66.34% 66.34%
33.69% 33.69% 33.69% 33.69% 33.68% 33.67% 33.66% 33.66% 33.66% 33.66% 33.66% 33.66%
No. of Shareholders 3,3029,1759,80513,61312,74512,14911,65911,42210,76310,69710,99611,649

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