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    Copper
Madhav Copper Limited

Madhav Copper Limited

MCL.NS
Madhav Copper LimitedIN flagNational Stock Exchange of India
55.55
INR
+0.77
- -
1.51BMarket Cap
Madhav Copper Limited
MCL.NS
(National Stock Exchange of India)

Recent

price

55.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.62
10.91
19.79
29.03
68.51
86.38
74.52
141.23
45.04
- -
13.08
45.93
53.66
Revenue per Share
- -
-0.24
0.19
0.4
0.34
0.96
1.48
1.64
1.65
-0.9
-1.63
0.45
1.73
1.69
Basic EPS, GAAP
-0.37
-2
-1.67
0.98
-3.33
1.81
-0.05
-6.08
-2.12
0.21
-0.22
-0.8
0.89
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.13
0.18
0.79
1.15
1.37
2.33
5.23
6.85
8.5
7.6
5.97
6.43
8.15
- -
Book Value per Share
0.13
0.18
0.79
1.36
2.86
3.82
5.3
15.54
17.19
16.29
14.66
15.11
16.84
- -
Tangible Book Value per Share
18
18
18
18
25
25
25
27
27
27
27
27
27
27
Basic Weighted Avg Shares
- -
11
196
356
714
1,688
2,129
2,023
3,833
1,223
- -
355
1,247
1,464
Sales/Revenue/Turnover
- -
-39.3
4.41
5.1
2.89
2.31
3.37
3.17
1.74
-2.11
- -
-8.36
3.73
3.36
Operating Margin (%)
- -
1
4
4
4
6
18
24
26
29
23
18
17
16
Depreciation Expense
- -
-4
3
7
8
24
36
44
45
-24
-44
12
47
46
Net Income, GAAP
- -
- -
30.75
32.71
25.51
25.99
38.47
26.77
26.56
- -
- -
- -
- -
7.35
Effective Tax Rate (%)
- -
-38.19
1.76
2.04
1.18
1.4
1.71
2.2
1.17
-2
- -
3.46
3.76
3.15
Profit Margin (%)
1
-3
13
19
40
46
31
311
296
283
261
310
345
- -
Working Capital
3
19
25
22
18
16
29
26
8
2
7
32
22
- -
LT Debt
2
3
14
24
70
94
131
422
466
442
398
410
457
- -
Total Equity
- -
- -
9.57
14.7
11.59
16.58
21.17
12.59
9.55
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
10.18
15.19
13.33
20.94
22.64
21.97
20.82
- -
- -
- -
- -
48.62
Return on Capital (%)
- -
-153.3
39.78
41.51
30.83
51.93
39.07
28.25
21.45
-11.17
-23.96
7.29
23.69
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
235
- -
LT Borrowings
- -
22
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
27
- -
Market Capitalization
1,610
1,310
1,540

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
630
- -
Cash, Cash Equivalents & STI
- -
3
- -
Accounts Receivable, Net
- -
109
- -
Inventories
- -
358
- -
Total Current Liabilities
- -
285
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
235
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
56.55%
1.98%
11.43%
Free Cash Flow
1,299.36%
-64.53%
-211.14%
Net Income, GAAP
46.39%
16.19%
281.98%
Sales/Revenue/Turnover
- -
- -
251.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
60
135
146
355
2025
245
257
329
416
1,247
2026
462
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.37
-0.39
-0.33
- -
0.45
2025
0.41
0.35
0.33
- -
1.73
2026
0.38
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Madhav Copper Limited manufactures and sells copper fabricated products and winding wires in India. The company offers enameled copper wires, poly wrap submersible winding wires, paper covered copper conductors, fiberglass copper conductors, tapped insulated copper conductors, bare copper wires, copper bus bars, strips, rods and profiles, oxygen free copper rods, earthing rods, copper anode/phosphorised nuggets and balls, silver bearing copper alloys, and delivery spools; its products serve applications in pumps, motors, transformers, generators, alternators, wind generators, panels, hydro generators, switch gears, automatic coil winding machines, and CNC fabrication. Madhav Copper operates primarily in the industrial products segment targeting power generation, transmission, distribution, and electronics industries, with exports to international markets. Incorporated in 2012 and headquartered in Bhavnagar, Gujarat, the company is part of the Gujarat-based Madhav group. In recent developments, Madhav Copper installed a copper furnace in November 2018 to produce new items including mica covered copper conductors, polyamide (Kapton) covered copper conductors, and paper insulated copper conductors; it received Indian Railways approval for dual coated enameled copper winding wire, copper flats, rectangular copper conductors and strips, and oxygen free copper rods. In 2023, the company launched additional products such as copper bus bars, profiles, stripes, oxygen free copper rods, paper insulated copper conductors, and fiberglass copper conductors. As of September 2025, it reconstituted board committees, appointed Dipakkumar Patel as Independent Director (term ending September 2030), saw the cessation of Chaitnya Bhanubhai Doshi as Independent Director, and appointed new statutory and secretarial auditors for FY2025-26 to FY2029-30.