Sharescart Research Club logo

Madhav Copper Overview

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

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Madhav Copper Key Financials

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

Madhav Copper Share Price

₹ | |

Volume
Price

Madhav Copper Quarterly Price

Show Value Show %

Madhav Copper Peer Comparison

Madhav Copper Quarterly Results

#(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

Madhav Copper Profit & Loss

#(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

Growth Rates

# 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%

Madhav Copper Balance Sheet

#(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

Madhav Copper Cash Flow

#(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

Madhav Copper Ratios

# 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

Madhav Copper Shareholding Pattern

# 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

Madhav Copper News

Madhav Copper Pros & Cons

Pros

  • Debtor days have improved from 375.16 to 19.51days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Stock is trading at 3.4 times its book value.
  • The company has delivered a poor profit growth of 4% over past five years.
whatsapp