MCL

M TEK COPPER LIMITED

M TEK COPPER LIMITED (MCL) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Aluminium, Copper & Zinc Products

madhavcopper.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹53.55
Market cap
145 Cr
Stock P/E
32.3
P/B
2.90
ROE (FY26)
10.6%
ROCE (FY26)
11.2%
Operating margin (FY26)
3.8%
Debt / equity (FY26)
0.83
OCF / EBITDA (FY26)
59.5%
OCF / EBITDA (3Y)
44.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

A Gujarat manufacturer with works near Bhavnagar that reports a single business segment and spends most of its revenue on raw materials; it was known as Madhav Copper Limited and has filed as M Tek Copper Limited since mid-2026.

Company snapshot

8thBy market cap

Ranked among 10 companies in Aluminium, Copper & Zinc Products.

What we see

Concerns
  • ✗Net margin is very thin at 2.3% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales6 Cr13 Cr15 Cr24 Cr26 Cr33 Cr42 Cr46 Cr51 Cr53 Cr84 Cr80 Cr
Operating expenses (approx.)7 Cr14 Cr14 Cr23 Cr24 Cr31 Cr40 Cr44 Cr49 Cr51 Cr80 Cr77 Cr
EBITDA-0.66 Cr-0.08 Cr0.08 Cr2 Cr1 Cr2 Cr1 Cr2 Cr2 Cr2 Cr4 Cr3 Cr
OPM %-10.9%-0.6%0.5%7.3%5.7%5.4%2.8%4.4%3.6%4.4%5.1%3.6%
Other income0.07 Cr0.18 Cr5 Cr0.09 Cr0.16 Cr0.14 Cr0.39 Cr0.17 Cr0.34 Cr0.07 Cr0.93 Cr0.16 Cr
Interest0.03 Cr0.20 Cr0.32 Cr0.31 Cr0.31 Cr0.52 Cr0.72 Cr0.80 Cr0.70 Cr0.83 Cr0.96 Cr1 Cr
Depreciation0.45 Cr0.47 Cr0.48 Cr0.40 Cr0.41 Cr0.41 Cr0.44 Cr0.36 Cr0.36 Cr0.36 Cr0.58 Cr0.40 Cr
Profit before tax-1 Cr-0.58 Cr4 Cr1 Cr0.91 Cr0.98 Cr0.40 Cr1 Cr1 Cr1 Cr4 Cr2 Cr
Tax %1.5%-56.0%-9.5%4.2%-4.1%7.3%-328.9%-1.4%118.4%36.1%21.3%34.6%
Net profit-1 Cr-0.90 Cr4 Cr1 Cr0.94 Cr0.91 Cr2 Cr1 Cr-0.20 Cr0.76 Cr3 Cr1 Cr
EPS (₹)₹-0.39₹-0.33₹0.06₹0.41₹0.35₹0.33₹0.63₹0.38₹-0.08₹0.28₹1.07₹0.39

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales213 Cr202 Cr383 Cr122 Cr0 Cr36 Cr125 Cr234 CrSign in free for the trailing twelve months
Operating expenses (approx.)204 Cr193 Cr374 Cr122 Cr3 Cr37 Cr118 Cr224 CrSign in free for the trailing twelve months
EBITDA9 Cr9 Cr9 Cr0.15 Cr-3 Cr-1 Cr6 Cr10 CrSign in free for the trailing twelve months
OPM %4.2%4.3%2.4%0.1%—-3.5%4.9%4.5%Sign in free for the trailing twelve months
Other income0.07 Cr0.68 Cr0.30 Cr2 Cr0.21 Cr5 Cr0.80 Cr2 CrSign in free for the trailing twelve months
Interest1 Cr1 Cr0.83 Cr0.87 Cr0.57 Cr0.57 Cr2 Cr3 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr3 Cr3 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax6 Cr6 Cr6 Cr-2 Cr-5 Cr1 Cr3 Cr7 CrSign in free for the trailing twelve months
Tax %38.5%27.3%26.6%-29.0%16.3%-6.2%-35.7%23.8%Sign in free for the trailing twelve months
Net profit4 Cr4 Cr4 Cr-2 Cr-4 Cr1 Cr5 Cr5 CrSign in free for the trailing twelve months
EPS (₹)₹2.96₹1.64₹1.65₹-0.90₹-1.63₹0.45₹1.73₹1.65Sign in free for the trailing twelve months
Dividend payout %——0.0%——0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves7 Cr0 Cr33 Cr31 Cr26 Cr27 Cr32 Cr37 Cr
Borrowings10 Cr—2 Cr7 Cr1 Cr13 Cr26 Cr42 Cr
Other liabilities22 Cr—82 Cr64 Cr62 Cr9 Cr5 Cr20 Cr
Total liabilities46 Cr—130 Cr115 Cr103 Cr64 Cr77 Cr112 Cr
Fixed assets (net)12 Cr—15 Cr13 Cr11 Cr10 Cr9 Cr11 Cr
CWIP——2 Cr3 Cr3 Cr3 Cr3 Cr0 Cr
Investments1 Cr—1 Cr0.71 Cr0.17 Cr0.02 Cr0.02 Cr0.02 Cr
Loans & advances————0.04 Cr0.04 Cr0.11 Cr0.0078 Cr
Inventories7 Cr—49 Cr35 Cr34 Cr31 Cr36 Cr51 Cr
Trade receivables24 Cr—36 Cr36 Cr29 Cr5 Cr11 Cr21 Cr
Cash & bank0.06 Cr—0.08 Cr0.16 Cr0.12 Cr0.16 Cr0.17 Cr0.40 Cr
Other assets2 Cr—26 Cr27 Cr26 Cr15 Cr18 Cr30 Cr
Total assets46 Cr—130 Cr115 Cr103 Cr64 Cr77 Cr112 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity——2 Cr3 Cr-0.58 Cr-1 Cr2 Cr6 Cr
Cash from investing——-7 Cr-1 Cr0.54 Cr-0.66 Cr-1 Cr-0.33 Cr
Cash from financing——-3 Cr-1 Cr-0.11 Cr2 Cr-0.81 Cr-6 Cr
Net cash flow——-7 Cr0.31 Cr-0.15 Cr0.07 Cr0.04 Cr0.22 Cr
Free cash flow (OCF − Capex)——-6 Cr3 Cr-0.58 Cr-2 Cr1 Cr6 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %30.8%—14.3%-2.0%-11.5%3.2%7.4%11.2%
ROE %27.9%15.1%9.6%-5.5%-11.1%3.0%10.3%10.6%
Debtor days40—34109—533232
Inventory days14—601121273040513291
Days payable36—9518801021418
Cash conversion cycle19—-03312730357150105
OCF / EBITDA %——n.m.n.m.——30.8%59.5%
OCF / EBITDA % (3 years)————n.m.—n.m.44.2%
Debt / equity0.792.420.030.150.030.330.560.83
Current ratio————19.082.582.211.62
Net debt / EBITDA1.150.00————4.143.94