M Tek Copper Ltd
Incorporated in 2012, Madhav Copper Ltd is in the business of Copper Fabricated Product and Winding wires[1]
- Market Cap ₹ 145 Cr.
- Current Price ₹ 53.6
- High / Low ₹ 93.2 / 42.0
- Stock P/E 32.2
- Book Value ₹ 18.5
- Dividend Yield 0.00 %
- ROCE 12.6 %
- ROE 9.36 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company's median sales growth is 88.1% of last 10 years
- Company's working capital requirements have reduced from 158 days to 58.9 days
Cons
- Stock is trading at 2.90 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.08%
- Company has a low return on equity of 7.93% 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
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 36 | 71 | 169 | 213 | 202 | 383 | 122 | 0 | 35 | 124 | 234 | 268 | |
| Sales growth | +1,653% | +81% | +101% | +136% | +26% | -5% | +90% | -68% | -100% | +251% | +88% | +83% | |
| 18 | 34 | 69 | 164 | 204 | 194 | 374 | 122 | 2 | 37 | 118 | 224 | 257 | |
| Operating Profit | 1 | 2 | 2 | 4 | 9 | 9 | 9 | 0 | -2 | -1 | 6 | 10 | 11 |
| OPM % | 6% | 6% | 3.4% | 2.7% | 4.2% | 4.3% | 2.4% | 0.1% | -3.5% | 5.0% | 4.5% | 4.2% | |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | -0 | 5 | 1 | 2 | 2 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 1 | 1 | 3 | 6 | 6 | 6 | -2 | -5 | 1 | 3 | 7 | 8 |
| Tax % | 30% | 32% | 26% | 26% | 39% | 27% | 27% | 29% | -16% | -6% | -36% | 36% | |
| 0 | 1 | 1 | 2 | 4 | 4 | 4 | -2 | -4 | 1 | 5 | 4 | 5 | |
| EPS in Rs | 0.19 | 0.30 | 0.34 | 0.96 | 1.48 | 1.64 | 1.65 | -0.90 | -1.62 | 0.45 | 1.73 | 1.65 | 1.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | -9% |
| 3 Years: | % |
| TTM: | 83% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 1% |
| 3 Years: | 45% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 23% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 1% |
| 3 Years: | 8% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 6 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -0 | 1 | 5 | 7 | 7 | 29 | 33 | 31 | 26 | 27 | 32 | 37 |
| 6 | 6 | 11 | 7 | 12 | 4 | 3 | 7 | 1 | 13 | 26 | 41 | |
| 4 | 1 | 5 | 7 | 21 | 14 | 81 | 63 | 63 | 10 | 5 | 22 | |
| Total Liabilities | 12 | 9 | 23 | 24 | 46 | 60 | 130 | 115 | 103 | 64 | 77 | 113 |
| 2 | 3 | 4 | 6 | 12 | 13 | 15 | 13 | 11 | 10 | 9 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 3 | 3 | 3 | 0 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| 10 | 7 | 19 | 18 | 32 | 46 | 112 | 98 | 89 | 51 | 65 | 102 | |
| Total Assets | 12 | 9 | 23 | 24 | 46 | 60 | 130 | 115 | 103 | 64 | 77 | 113 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3 | 2 | -6 | 7 | 9 | -13 | 2 | 3 | -1 | -1 | 3 | 6 | |
| -1 | -0 | -2 | -3 | -9 | -3 | -7 | -1 | 1 | -1 | -1 | -0 | |
| 3 | -2 | 8 | -4 | 0 | 23 | -3 | -1 | -0 | 2 | -3 | -6 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | 7 | -7 | 0 | -0 | 0 | -0 | 0 |
| Free Cash Flow | -3 | 2 | -8 | 5 | 9 | -16 | -5 | 1 | -1 | -2 | 3 | 6 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -198% | 94% | -247% | 158% | 98% | -129% | 48% | 2,471% | 24% | 102% | 54% | 66% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 117 | 36 | 44 | 30 | 40 | 24 | 35 | 109 | 53 | 32 | 32 | |
| Inventory Days | 51 | 24 | 42 | 4 | 13 | 21 | 49 | 107 | 12,798 | 351 | 121 | 88 |
| Days Payable | 71 | 3 | 23 | 13 | 32 | 19 | 78 | 179 | 22,075 | 88 | 13 | 17 |
| Cash Conversion Cycle | 97 | 57 | 63 | 21 | 21 | 25 | 6 | 37 | 316 | 140 | 103 | |
| Working Capital Days | 23 | 19 | 20 | 10 | 5 | 43 | 28 | 83 | 316 | 99 | 59 | |
| ROCE % | 15% | 23% | 16% | 23% | 34% | 18% | 14% | -3% | -10% | 4% | 8% | 13% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees employees |
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| Actual Production - Bare Copper Wire / Rod / Strip / Bus bars / Profile MT |
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| Geographic Revenue Mix (Rs. lakhs) Rs. lakhs |
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| Actual Production - Enamelled Copper Round Wire MT |
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| Actual Production - Submersible Copper Winding Wire MT |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting - Intimation
- M TEK COPPER LIMITED has informed about Board Meeting to be held on 14-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the …
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Board Meeting - Financial Results
- Board meets on 14 Nov 2026 to approve Q2 FY2027 results; trading window closed since 1 Oct 2026.
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Action(s) taken or orders passed
- NSE levied Rs. 10,000 plus GST penalty for delayed Q2 FY2026 voting results XBRL filing.
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Action(s) taken or orders passed
- NSE levied Rs.10,000 plus GST for delayed Q2 FY26 voting results XBRL filing; non-compliance rectified.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate for quarter ended 30 September 2026; no securities received for dematerialization.
Annual reports
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Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
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Annual Report 2020
from nse
Concalls
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Jan 2020PPT
Business Overview:[1][2]
MCL is a part of the Gujarat-based Madhav group.
It manufactures and trades in copper fabricated
products and winding wires.
These products go into pumps, motors, transformers,
generators, hydro and wind generators, alternators,
panels, and switchgear. Rods use LME-registered
grade 'A' cathode, and conductors are made from
99.997% ETP and oxygen-free copper.