WEBSITE BSE:0 NSE: Inc. Year: 2012 Industry: Metal - Non Ferrous My Bucket: Add Stock
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Madhav Copper Limited, formerly known as Delta Magnets Limited, was established in 1985 and is a subsidiary of Madhav Group which has diversified interests in steel sector. Specialized in manufacturing hard ferrite magnets and are among the top manufacturers in India. Facility in Bhavnagar, Gujarat, produces copper bus bars, tin-plated copper bus bars, silver-bearing copper alloys, and more. Headquartered in the ambient city of Bhavnagar, Madhav Copper Limited is renowned for their vision and innovation in domain of copper busbar, copper wires,...Read More
Madhav Copper Limited, formerly known as Delta Magnets Limited, was established in 1985 and is a subsidiary of Madhav Group which has diversified interests in steel sector. Specialized in manufacturing hard ferrite magnets and are among the top manufacturers in India. Facility in Bhavnagar, Gujarat, produces copper bus bars, tin-plated copper bus bars, silver-bearing copper alloys, and more. Headquartered in the ambient city of Bhavnagar, Madhav Copper Limited is renowned for their vision and innovation in domain of copper busbar, copper wires, poly wrap submersible winding wire, fiberglass copper conductors, pre fabricated copper products, copper rods with varying cross-section, and copper strips. Promoted by a team of experienced professionals like Mr. Rohit Chauhan and Nilesh Patel who bring deep expertise in metallurgy and manufacturing, focusing on driving technological advancements and operational excellence. ...Read Less
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Market Cap ₹159 Cr.
Stock P/E 33.9
P/B 3.4
Current Price ₹58.6
Book Value ₹ 17.4
Face Value 5
52W High ₹93.2
Dividend Yield 0%
52W Low ₹ 42
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 6 | 13 | 15 | 24 | 0 | 33 | 42 | 46 | 51 | 53 |
| Other Income | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 6 | 14 | 19 | 25 | 0 | 33 | 42 | 46 | 51 | 53 |
| Total Expenditure | 7 | 14 | 14 | 23 | 0 | 31 | 40 | 44 | 49 | 51 |
| Operating Profit | -1 | 0 | 5 | 2 | 0 | 2 | 2 | 2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | -1 | 4 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Provision for Tax | -0 | 0 | -0 | 0 | 0 | 0 | -1 | -0 | 1 | 0 |
| Profit After Tax | -1 | -1 | 4 | 1 | 0 | 1 | 2 | 1 | -0 | 1 |
| Adjustments | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | -1 | -1 | 4 | 1 | 0 | 1 | 2 | 1 | -0 | 1 |
| Adjusted Earnings Per Share | -0.4 | -0.3 | 1.5 | 0.4 | 0 | 0.3 | 0.6 | 0.4 | -0.1 | 0.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 20 | 36 | 71 | 169 | 213 | 202 | 383 | 122 | 0 | 36 | 125 | 192 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 0 | 5 | 1 | 0 |
| Total Income | 20 | 36 | 72 | 169 | 213 | 203 | 384 | 124 | 0 | 40 | 125 | 192 |
| Total Expenditure | 18 | 34 | 69 | 164 | 204 | 194 | 374 | 122 | 3 | 37 | 118 | 184 |
| Operating Profit | 1 | 2 | 3 | 5 | 9 | 9 | 10 | 2 | -2 | 4 | 7 | 8 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 3 | 6 | 6 | 6 | -2 | -5 | 1 | 3 | 3 |
| Provision for Tax | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 1 | -1 | -0 | -1 | 0 |
| Profit After Tax | 0 | 1 | 1 | 2 | 4 | 4 | 4 | -2 | -4 | 1 | 5 | 4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 1 | 1 | 2 | 4 | 4 | 4 | -2 | -4 | 1 | 5 | 4 |
| Adjusted Earnings Per Share | 0 | 0 | 0.3 | 1 | 1.5 | 1.6 | 1.6 | -0.9 | -1.6 | 0.5 | 1.7 | 1.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 247% | 1% | -9% | 20% |
| Operating Profit CAGR | 75% | 52% | -5% | 21% |
| PAT CAGR | 400% | 0% | 5% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 5% | 23% | -8% | NA% |
| ROE Average | 11% | 1% | 2% | 16% |
| ROCE Average | 9% | 1% | 3% | 13% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1 | 2 | 7 | 9 | 13 | 42 | 47 | 44 | 40 | 41 | 46 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 2 | 2 | 2 | 2 | 3 | 3 | 1 | 0 | 1 | 3 | 2 |
| Other Non-Current Liabilities | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 1 | -0 | -0 | -1 |
| Total Current Liabilities | 8 | 4 | 14 | 13 | 29 | 15 | 83 | 69 | 63 | 20 | 28 |
| Total Liabilities | 12 | 9 | 23 | 24 | 46 | 60 | 130 | 115 | 103 | 64 | 75 |
| Fixed Assets | 2 | 3 | 4 | 6 | 12 | 13 | 15 | 13 | 11 | 10 | 9 |
| Other Non-Current Assets | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 |
| Total Current Assets | 9 | 6 | 18 | 17 | 32 | 46 | 112 | 98 | 89 | 51 | 63 |
| Total Assets | 12 | 9 | 23 | 24 | 46 | 60 | 130 | 115 | 103 | 64 | 75 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 1 | 1 | 1 |
| Cash Flow from Operating Activities | -3 | 0 | -6 | 7 | 9 | -13 | 2 | 3 | -1 | -1 | 3 |
| Cash Flow from Investing Activities | -1 | 0 | -2 | -3 | -9 | -3 | -7 | -1 | 1 | -1 | -1 |
| Cash Flow from Financing Activities | 3 | 0 | 8 | -4 | 0 | 23 | -3 | -1 | -0 | 2 | -3 |
| Net Cash Inflow / Outflow | -0 | 0 | 0 | -0 | 0 | 7 | -7 | 0 | -0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 1 | 1 | 1 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 0.34 | 0.96 | 1.48 | 1.64 | 1.65 | -0.9 | -1.63 | 0.45 | 1.73 |
| CEPS(Rs) | 0.42 | 0.53 | 0.52 | 1.23 | 2.2 | 2.51 | 2.62 | 0.16 | -0.8 | 1.13 | 2.34 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 0 | 2.86 | 3.82 | 5.3 | 15.54 | 17.19 | 16.29 | 14.66 | 15.11 | 16.84 |
| Core EBITDA Margin(%) | 6.49 | 5.72 | 3.39 | 2.66 | 4.18 | 4.3 | 2.43 | 0.25 | 0 | -3.21 | 5.04 |
| EBIT Margin(%) | 4.69 | 5.31 | 3.03 | 2.44 | 3.37 | 3.53 | 1.85 | -0.7 | 0 | 5.13 | 4.35 |
| Pre Tax Margin(%) | 2.55 | 3.03 | 1.58 | 1.89 | 2.78 | 3 | 1.59 | -1.54 | 0 | 3.26 | 2.77 |
| PAT Margin (%) | 1.76 | 2.04 | 1.18 | 1.4 | 1.71 | 2.2 | 1.17 | -2 | 0 | 3.46 | 3.76 |
| Cash Profit Margin (%) | 3.84 | 2.66 | 1.8 | 1.79 | 2.54 | 3.36 | 1.85 | 0.36 | 0 | 8.66 | 5.09 |
| ROA(%) | 4.14 | 6.89 | 5.27 | 10.16 | 10.51 | 8.45 | 4.7 | -1.99 | -4.05 | 1.47 | 6.74 |
| ROE(%) | 39.78 | 37.54 | 17.72 | 28.79 | 32.43 | 16.11 | 10.06 | -5.37 | -10.51 | 3.04 | 10.81 |
| ROCE(%) | 14.64 | 22.73 | 16.32 | 23.66 | 34.47 | 20.01 | 14.78 | -1.7 | -10.09 | 3.84 | 8.63 |
| Receivable days | 64.81 | 50.28 | 31.05 | 24.2 | 32 | 33.1 | 23.52 | 108.66 | 0 | 174.8 | 23.47 |
| Inventory Days | 34.79 | 23.55 | 25.32 | 10.27 | 7.49 | 16.03 | 28.68 | 125.54 | 0 | 330.99 | 97.4 |
| Payable days | 41.2 | 21.7 | 12.17 | 11.03 | 21.09 | 26.89 | 43.68 | 210.2 | 0 | 375.16 | 19.51 |
| PER(x) | 0 | 0 | 34.4 | 21.63 | 54.48 | 41.05 | 54.88 | 0 | 0 | 71.22 | 27.84 |
| Price/Book(x) | 0 | 0 | 4.11 | 5.44 | 15.2 | 4.33 | 5.26 | 1.82 | 1.57 | 2.13 | 2.86 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.42 | 0.21 | 0.56 | 0.35 | 0.99 | 0.89 | 0.65 | 0.72 | 0 | 2.83 | 1.25 |
| EV/Core EBITDA(x) | 6.26 | 3.51 | 15.29 | 12.35 | 23.48 | 19.13 | 25.81 | 43.81 | -26.24 | 27.35 | 22.02 |
| Net Sales Growth(%) | 1654.34 | 81.42 | 100.59 | 136.3 | 26.1 | -4.98 | 89.51 | -68.11 | -100 | 0 | 251.19 |
| EBIT Growth(%) | 310.28 | 105.23 | 14.53 | 90.36 | 74.3 | -0.67 | -0.65 | -112.15 | -441.17 | 139.11 | 197.32 |
| PAT Growth(%) | 181.05 | 109.56 | 15.85 | 181.55 | 53.81 | 22.19 | 0.43 | -154.6 | -80.94 | 127.8 | 281.98 |
| EPS Growth(%) | 0 | 0 | 0 | 181.51 | 53.8 | 10.94 | 0.43 | -154.59 | -80.95 | 127.8 | 282.02 |
| Debt/Equity(x) | 4.81 | 2.42 | 1.58 | 0.77 | 0.91 | 0.1 | 0.06 | 0.17 | 0.03 | 0.32 | 0.56 |
| Current Ratio(x) | 1.15 | 1.44 | 1.28 | 1.36 | 1.11 | 3.11 | 1.36 | 1.41 | 1.42 | 2.58 | 2.21 |
| Quick Ratio(x) | 0.85 | 0.94 | 0.73 | 1.22 | 0.87 | 2.38 | 0.76 | 0.91 | 0.88 | 1.02 | 0.95 |
| Interest Cover(x) | 2.19 | 2.33 | 2.09 | 4.47 | 5.69 | 6.75 | 7.07 | -0.84 | -7.59 | 2.73 | 2.76 |
| Total Debt/Mcap(x) | 0 | 0 | 0.38 | 0.14 | 0.06 | 0.02 | 0.01 | 0.09 | 0.02 | 0.15 | 0.2 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 66.34 | 66.34 | 66.34 | 66.34 | 66.34 | 66.34 | 66.34 | 66.34 | 65.21 | 65.21 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 33.66 | 33.66 | 33.66 | 33.66 | 33.66 | 33.66 | 33.66 | 33.66 | 34.79 | 34.79 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.77 | 1.77 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.94 | 0.94 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.71 | 2.71 | 2.71 | 2.71 | 2.71 | 2.71 | 2.71 | 2.71 | 2.71 | 2.71 |
* The pros and cons are machine generated.
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