About Madhav Copper
Madhav Copper is a publicly listed company based in Bhavnagar (India) founded in 2012. Copper manufacturing operations are conducted by Madhav Copper in India. The company has 40 employees. Its Indian entity M Tek Copper Limited reported revenue of ₹236 Cr. Madhav Copper offers products and services including Copper Busbars and Enamelled Wires. Its focus areas include Chemicals and Materials, Metals and Alloys and Copper.
Company details
Madhav Copper was founded in 2012 and is based in Bhavnagar, India. Operations focus on the production of copper products within the metals sector. Manufacturing processes are centered in this location, supporting industrial applications. The companys domain, madhavcopper.com, provides access to details on offerings. Activities remain tied to local and regional supply chains in the non-ferrous metals industry.
- Headquarters Bhavnagar, India
- Employees 40
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website madhavcopper.com
- Social LinkedIn X Facebook
- Legal Name Madhav Copper Ltd.
- Market Cap₹142 Cr
MCL · NSE
- Share Price₹53.59
+2.41% today
- Revenue₹234 Cr
FY 2025-26 · +87.9% YoY
- EBITDA₹10.45 Cr
Margin 4.5%
- Net Profit₹4.49 Cr
FY 2025-26 · -4.9% YoY
- P/E (TTM)31.5x
P/B 2.8x
- Employee Count40
Associated legal entities of Madhav Copper
Madhav Copper operates through M Tek Copper Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| M Tek Copper Limited Listed CIN L27201GJ2012PLC072719 | Active | 19 Nov 2012 | Bhavnagar, Gujarat | ₹236 Cr | 33 | 8 | View details |
Products & Services of Madhav Copper
Madhav Copper offers a comprehensive portfolio of products and services, including Copper Busbars and Enamelled Wires.
Copper busbars are manufactured for applications in switchgears and panels, utilizing high conductivity materials.
Enamelled copper wires are produced for electrical solutions, ensuring they withstand high temperatures and mechanical stress.
Board of directors of M Tek Copper Limited (Madhav Copper)
M Tek Copper Limited is the primary company behind Madhav Copper. The board of M Tek Copper Limited currently have 6 directors; the longest-serving is Rohitbhai Bhikhabhai Chauhan, appointed in 2012. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rohitbhai Bhikhabhai Chauhan DIN 06396973 | Managing Director | 19 Nov 2012 | 13 yrs 11 mo | M Tek Copper Limited |
| Nileshbhai Natubhai Patel DIN 05319890 | Whole-time director | 19 Nov 2012 | 13 yrs 11 mo | M Tek Copper Limited |
| Dinal Lakhani DIN 08753875 | Director | 04 Jun 2020 | 6 yrs 5 mo | M Tek Copper Limited |
| Jaysukh Bhanabhai Dabhi DIN 09177201 | Director | 19 May 2021 | 5 yrs 5 mo | M Tek Copper Limited |
| Dipakkumar Girishkumar Patel DIN 11237410 | Director | 25 Sep 2025 | 1 yr 1 mo | M Tek Copper Limited |
| Chintan Niranjanbhai Bhadiyadra DIN 11729188 | Director | 21 May 2026 | 5 mo | M Tek Copper Limited |
IPO & Listings of Madhav Copper
Madhav Copper is a publicly listed company on the NSE with ticker symbol MCL in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Feb 2017
- Listed onNSE: MCL
- Listed entityMadhav Copper Ltd.
- Exchange sectorNon-energy minerals
- ISININE813V01022
- Share price₹54.10 (-0.84% on the day) · 2026-10-14
- Market capitalisation₹148 Cr
- Price to earnings32.6
- EPS (diluted, trailing year)₹1.66
- Volume (last session)23,737
Financials of Madhav Copper
Exchange-reported figures of M Tek Copper Limited, the listed company behind Madhav Copper (NSE: MCL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 234 | 125 | 35.50 | 0.00 | 122 | 383 | 202 |
| Revenue growth | +87.9% | +251.2% | - | -100.0% | -68.1% | +89.5% | - |
| EBITDA | 10.45 | 6.17 | (1.24) | (2.66) | 0.15 | 9.13 | 8.70 |
| EBITDA margin | +4.5% | +5.0% | -3.5% | - | +0.1% | +2.4% | +4.3% |
| Profit before tax | 7.02 | 3.46 | 1.15 | (5.27) | (1.88) | 6.09 | 6.08 |
| Net profit | 4.49 | 4.72 | 1.22 | (4.20) | (3.01) | 4.38 | 3.96 |
| Net profit margin | +1.9% | +3.8% | +3.4% | - | -2.5% | +1.1% | +2.0% |
| EPS (₹) | 1.65 | 1.73 | 0.45 | (1.63) | (0.90) | 1.65 | 1.64 |
| Balance sheet | |||||||
| Total assets | 91.81 | 71.97 | 54.46 | 41.03 | 51.79 | 49.70 | 46.32 |
| Net worth | 50.20 | 45.71 | 41.02 | 39.79 | 44.21 | 46.65 | 42.18 |
| Total debt | 41.07 | 25.71 | 13.18 | 1.04 | 7.33 | 2.95 | 4.14 |
| Cash & bank | 0.47 | 0.29 | 0.27 | 0.22 | 0.38 | 0.32 | 7.44 |
| Net working capital | 79.35 | 57.74 | 40.99 | 26.52 | 35.46 | 31.76 | 32.61 |
| Cash flow | |||||||
| Cash from operations | 6.22 | 3.36 | (1.31) | (0.58) | 3.10 | 2.00 | (13.19) |
| Cash from investing | (0.33) | (0.53) | (0.66) | 0.54 | (1.46) | (6.54) | (3.01) |
| Cash from financing | (5.67) | (3.08) | 2.04 | (0.11) | (1.33) | (2.58) | 23.35 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.26 | 84.06 | 52.80 | 51.14 | 46.20 | 41.60 | 32.86 | 25.73 |
| Revenue growth (YoY) | +73.7% | +102.1% | +60.7% | +98.8% | +88.7% | - | - | - |
| Other income | 0.16 | 0.93 | 0.07 | 0.34 | 0.17 | 0.39 | 0.14 | 0.16 |
| Total expenses | 77.36 | 79.76 | 50.50 | 49.31 | 44.18 | 40.46 | 31.09 | 24.27 |
| EBITDA | 2.90 | 4.30 | 2.30 | 1.83 | 2.02 | 1.14 | 1.77 | 1.46 |
| EBITDA margin | +3.6% | +5.1% | +4.4% | +3.6% | +4.4% | +2.7% | +5.4% | +5.7% |
| Depreciation | 0.40 | 0.58 | 0.36 | 0.36 | 0.36 | 0.44 | 0.41 | 0.41 |
| Interest | 1.06 | 0.96 | 0.83 | 0.70 | 0.80 | 0.69 | 0.52 | 0.31 |
| Profit before tax | 1.60 | 3.69 | 1.18 | 1.11 | 1.03 | 0.40 | 0.98 | 0.90 |
| Tax | 0.55 | 0.79 | 0.43 | 1.32 | (0.01) | (1.32) | 0.07 | (0.04) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.26 | 84.06 | 52.80 | 51.14 | 46.20 | 41.60 | 32.86 | 25.73 |
| Revenue growth (YoY) | +73.7% | +102.1% | +60.7% | +98.8% | +88.7% | - | - | - |
| Other income | 0.16 | 0.93 | 0.07 | 0.34 | 0.17 | 0.39 | 0.14 | 0.16 |
| Total expenses | 77.36 | 79.76 | 50.50 | 49.31 | 44.18 | 40.46 | 31.09 | 24.27 |
| EBITDA | 2.90 | 4.30 | 2.30 | 1.83 | 2.02 | 1.14 | 1.77 | 1.46 |
| EBITDA margin | +3.6% | +5.1% | +4.4% | +3.6% | +4.4% | +2.7% | +5.4% | +5.7% |
| Depreciation | 0.40 | 0.58 | 0.36 | 0.36 | 0.36 | 0.44 | 0.41 | 0.41 |
| Interest | 1.06 | 0.96 | 0.83 | 0.70 | 0.80 | 0.69 | 0.52 | 0.31 |
| Profit before tax | 1.60 | 3.69 | 1.18 | 1.11 | 1.03 | 0.40 | 0.98 | 0.90 |
| Tax | 0.55 | 0.79 | 0.43 | 1.32 | (0.01) | (1.32) | 0.07 | (0.04) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 234 | 125 | 35.50 | 0.00 | 122 | 383 | 202 |
| Revenue growth | +87.9% | +251.2% | - | -100.0% | -68.1% | +89.5% | - |
| Other income | 1.51 | 0.80 | 4.81 | 0.21 | 1.72 | 0.42 | 0.79 |
| Total expenses | 224 | 118 | 36.74 | 2.66 | 122 | 374 | 194 |
| Employee cost | 0.00 | 2.44 | 1.28 | 0.51 | 1.13 | 1.01 | 1.04 |
| EBITDA | 10.45 | 6.17 | (1.24) | (2.66) | 0.15 | 9.13 | 8.70 |
| EBITDA margin | +4.5% | +5.0% | -3.5% | - | +0.1% | +2.4% | +4.3% |
| Depreciation | 1.66 | 1.66 | 1.85 | 2.25 | 2.88 | 2.63 | 2.35 |
| Interest | 3.28 | 1.85 | 0.57 | 0.57 | 0.87 | 0.83 | 1.06 |
| Profit before tax | 7.02 | 3.46 | 1.15 | (5.27) | (1.88) | 6.09 | 6.08 |
| Tax | 2.53 | (1.23) | (0.07) | (0.86) | 0.55 | 1.62 | 1.62 |
| Net profit | 4.49 | 4.72 | 1.22 | (4.20) | (3.01) | 4.38 | 3.96 |
| Net profit margin | +1.9% | +3.8% | +3.4% | - | -2.5% | +1.1% | +2.0% |
| EPS (₹) | 1.65 | 1.73 | 0.45 | (1.63) | (0.90) | 1.65 | 1.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 |
| Reserves & surplus | 36.63 | 32.14 | 27.45 | 26.22 | 30.64 | 33.08 | 28.61 |
| Shareholders' funds (net worth) | 50.20 | 45.71 | 41.02 | 39.79 | 44.21 | 46.65 | 42.18 |
| Secured loans | 41.06 | 23.65 | 9.95 | 0.35 | 6.47 | 2.81 | 1.28 |
| Unsecured loans | 0.01 | 2.06 | 3.23 | 0.69 | 0.86 | 0.14 | 2.86 |
| Total debt | 41.07 | 25.71 | 13.18 | 1.04 | 7.33 | 2.95 | 4.14 |
| Total liabilities | 91.81 | 71.97 | 54.46 | 41.03 | 51.79 | 49.70 | 46.32 |
| Assets | |||||||
| Gross block | 23.58 | 10.68 | 11.74 | 13.44 | 16.32 | 17.93 | 15.18 |
| Net block | 10.65 | 9.02 | 9.89 | 11.20 | 13.44 | 15.30 | 12.83 |
| Capital work in progress | 0.00 | 2.93 | 2.93 | 2.61 | 2.60 | 1.62 | 0.00 |
| Investments | 0.02 | 0.02 | 0.02 | 0.17 | 0.71 | 1.15 | 1.15 |
| Inventories | 50.77 | 35.82 | 30.72 | 33.66 | 34.62 | 49.47 | 10.76 |
| Sundry debtors | 20.51 | 10.89 | 5.14 | 28.86 | 36.50 | 36.30 | 13.10 |
| Cash & bank balances | 0.47 | 0.29 | 0.27 | 0.22 | 0.38 | 0.32 | 7.44 |
| Loans & advances | 28.63 | 15.59 | 14.49 | 26.12 | 26.11 | 26.09 | 14.50 |
| Total current assets | 100 | 62.59 | 50.62 | 88.86 | 97.61 | 112 | 45.80 |
| Total current liabilities | 21.03 | 4.85 | 9.63 | 62.34 | 62.15 | 80.42 | 13.19 |
| Net working capital | 79.35 | 57.74 | 40.99 | 26.52 | 35.46 | 31.76 | 32.61 |
| Total assets | 91.81 | 71.97 | 54.46 | 41.03 | 51.79 | 49.70 | 46.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.63 | 0.88 | 0.53 | 0.68 | 0.37 | 7.48 | 0.34 |
| Net cash from operating activities | 6.22 | 3.36 | (1.31) | (0.58) | 3.10 | 2.00 | (13.19) |
| Net cash from investing activities | (0.33) | (0.53) | (0.66) | 0.54 | (1.46) | (6.54) | (3.01) |
| Net cash from financing activities | (5.67) | (3.08) | 2.04 | (0.11) | (1.33) | (2.58) | 23.35 |
| Net change in cash | 0.22 | (0.25) | 0.07 | (0.15) | 0.31 | (7.11) | 7.15 |
| Closing cash | 0.47 | 0.29 | 0.27 | 0.22 | 0.38 | 0.32 | 7.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +87.9% | +251.2% | - | -100.0% | -68.1% | +89.5% | - |
| EBITDA growth | +69.4% | +597.6% | +53.4% | -1873.3% | -98.4% | +4.9% | - |
| PBT growth | +102.9% | +200.9% | +9998.0% | -180.3% | - | +0.2% | +2.7% |
| Net income growth | -4.9% | +286.9% | +129.1% | -39.5% | -168.7% | +10.6% | - |
| Revenue CAGR (3Y) | - | +0.7% | -54.8% | -100.0% | -16.9% | +31.4% | +41.5% |
| EBITDA CAGR (3Y) | - | +245.2% | - | - | -74.4% | +26.6% | +53.0% |
| Profitability & leverage | |||||||
| Net income margin | +1.9% | +3.8% | +3.4% | - | -2.0% | +1.2% | +2.2% |
| Return on capital employed | - | +8.4% | +3.6% | -10.1% | -3.2% | +14.4% | +18.1% |
| Return on net worth | - | +10.8% | +3.0% | -10.5% | -6.7% | +10.1% | +14.3% |
| Debt / equity | - | 0.45 | 0.18 | 0.10 | 0.11 | 0.08 | 0.29 |
| Long-term debt / equity | - | 0.06 | 0.04 | 0.00 | 0.01 | 0.04 | 0.10 |
| Interest cover | 37.32 | 41.02 | -18.45 | -11.61 | -31.87 | 12.77 | 16.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 11.12 | 2.82 | 0.00 | 7.14 | 23.16 | 13.05 |
| Inventory turnover | - | 3.75 | 1.10 | 0.00 | 2.91 | 12.73 | 22.78 |
| Debtors turnover | - | 15.55 | 2.09 | 0.00 | 3.36 | 15.52 | 11.03 |
| EPS (₹) | 1.65 | 1.73 | 0.45 | (1.63) | (0.90) | 1.65 | 1.64 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 16.84 | 15.11 | 14.66 | 16.29 | 17.19 | 15.54 |
Web traffic of Madhav Copper
The website of Madhav Copper (madhavcopper.com) receives about 3.8K visits a month.
- Monthly visits3.8K
▲ 107.3% vs previous month
Websites whose visitors overlap most with Madhav Copper. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
reliablewindingwire.com | reliablewindingwire.com | 100% | – | ||
gkwinding.com | gkwinding.com | 100% | #6,298,196 | – | |
bicwire.net | bicwire.net | 96% | – | ||
| vidyawire.com | 93% | 17.5K | #1,817,125 | View details | |
| khaitanwire.com | 90% | #8,446,911 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Madhav Copper
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- 6 similar websites
- Audience overlap
- Engagement analytics
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Top companies in Metals & Minerals
3 companies that operate in the same segment as Madhav Copper (Metals & Minerals) in India, ranked by their profile score on The Company Check.
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|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 21.54 B | 78,760 |
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Frequently Asked Questions about Madhav Copper
Madhav Copper was founded in 2012.
Madhav Copper is headquartered in Bhavnagar, India. It is registered at Bhavnagar, Gujarat, India.
Madhav Copper has 40 employees.
The primary company behind Madhav Copper, M Tek Copper Limited, reported revenue of ₹236 Cr for FY 2026, up 88% year on year.
Madhav Copper was founded in 2012 and is based in Bhavnagar, India. Operations focus on the production of copper products within the metals sector. Manufacturing processes are centered in this location, supporting industrial applications. The companys domain, madhavcopper.com, provides access to details on offerings. Activities remain tied to local and regional supply chains in the non-ferrous metals industry.
Madhav Copper offers Copper Busbars and Enamelled Wires.
Yes, Madhav Copper is publicly traded on NSE under the ticker symbol MCL.
Madhav Copper operates through M Tek Copper Limited.
The legal entities of Madhav Copper currently have 8 directors, including Sneha Parth Langaliya, Rohitbhai Bhikhabhai Chauhan, Nileshbhai Natubhai Patel and others.