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Last Updated: April 2, 2026, 3:16 am
Author: Getaka|Social: XLinkedIn

Madhav Copper Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹71.90Undervalued by 25.04%vs CMP ₹57.50

P/E (47.0) × ROE (10.9%) × BV (₹17.20) × DY (2.00%)

₹40.80Overvalued by 29.04%vs CMP ₹57.50
MoS: -40.9% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹90.2827%Under (+57%)
Graham NumberEarnings₹21.7316%Over (-62.2%)
DCFCash Flow₹12.3913%Over (-78.5%)
Net Asset ValueAssets₹17.329%Over (-69.9%)
EV/EBITDAEnterprise₹20.6411%Over (-64.1%)
Earnings YieldEarnings₹12.209%Over (-78.8%)
ROCE CapitalReturns₹38.119%Over (-33.7%)
Revenue MultipleRevenue₹45.717%Over (-20.5%)
Consensus (8 models)₹40.80100%Overvalued
Key Drivers: EPS CAGR 25.6% lifts DCF — verify sustainability. | Wide model spread (₹12–₹90) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.6%

*Investments are subject to market risks

Investment Snapshot

48
Madhav Copper Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 8.5% AverageROE 10.9% AverageD/E 0.03 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money35/100 · Weak
Promoter decreased by 1.13% CautionShareholders up 44% Retail surge
Earnings Quality50/100 · Moderate
OPM stable around 1% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +96% YoY AcceleratingProfit (4Q): -54% YoY Declining
Industry Rank35/100 · Weak
P/E 47.0 vs industry 50.1 In-lineROCE 8.5% vs industry 14.8% Below peers3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:16 am

Market Cap 156 Cr.
Current Price 57.5
Intrinsic Value₹40.80
High / Low 93.2/42.0
Stock P/E47.0
Book Value 17.2
Dividend Yield0.00 %
ROCE8.50 %
ROE10.9 %
Face Value 5.00
PEG Ratio1.84

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Madhav Copper Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Madhav Copper Ltd 156 Cr. 57.5 93.2/42.047.0 17.20.00 %8.50 %10.9 % 5.00
Baroda Extrusion Ltd 158 Cr. 8.12 13.9/6.5126.1 1.010.00 %24.0 %% 1.00
Cubex Tubings Ltd 120 Cr. 83.8 144/67.114.3 55.00.00 %10.9 %9.18 % 10.0
Bhagyanagar India Ltd 483 Cr. 151 194/63.013.3 70.70.00 %8.28 %5.70 % 2.00
ABC Gas (International) Ltd 1,906 Cr. 760 760/153126 2.470.00 %32.4 %30.9 % 10.0
Industry Average8,059.86 Cr179.2050.1022.510.06%14.77%13.39%5.45

All Competitor Stocks of Madhav Copper Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.001.446.0213.4714.5824.4925.7332.8641.5246.2051.1452.80
Expenses -0.550.522.026.6813.5614.5022.7024.2631.0940.3544.1849.3150.49
Operating Profit 0.55-0.52-0.58-0.66-0.090.081.791.471.771.172.021.832.31
OPM % -40.28%-10.96%-0.67%0.55%7.31%5.71%5.39%2.82%4.37%3.58%4.38%
Other Income 0.04-0.010.010.070.184.550.090.160.140.390.170.340.07
Interest 0.030.020.010.030.200.320.310.310.520.720.800.700.83
Depreciation 0.560.560.440.450.470.480.400.410.410.440.360.360.36
Profit before tax 0.00-1.11-1.02-1.07-0.583.831.170.910.980.401.031.111.19
Tax % 3.60%-1.96%-1.87%55.17%-9.40%4.27%-4.40%7.14%-330.00%-0.97%118.92%36.13%
Net Profit 0.02-1.16-1.01-1.06-0.904.201.120.940.911.721.04-0.200.76
EPS in Rs 0.01-0.43-0.37-0.39-0.331.550.410.350.340.630.38-0.070.28

Last Updated: March 4, 2026, 12:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1203671169213202383122035124192
Expenses 1183469164204194374122237118184
Operating Profit -012249990-2-167
OPM % -28%6%6%3%3%4%4%2%0%-3%5%4%
Other Income 000000102-0511
Interest 0011111111123
Depreciation 0000122332222
Profit before tax -10113666-2-5134
Tax % 0%30%32%26%26%39%27%27%29%-16%-6%-36%
Net Profit -10112444-2-4153
EPS in Rs -0.690.190.300.340.961.481.641.65-0.90-1.620.451.731.22
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%0.00%100.00%100.00%0.00%0.00%-150.00%-100.00%125.00%400.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%100.00%0.00%-100.00%0.00%-150.00%50.00%225.00%275.00%

Madhav Copper Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:-9%
3 Years:1%
TTM:150%
Compounded Profit Growth
10 Years:30%
5 Years:3%
3 Years:53%
TTM:37%
Stock Price CAGR
10 Years:%
5 Years:-8%
3 Years:19%
1 Year:23%
Return on Equity
10 Years:5%
5 Years:1%
3 Years:1%
Last Year:11%

Last Updated: September 5, 2025, 10:05 am

Balance Sheet

Last Updated: December 10, 2025, 3:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.752222614141414141414
Reserves -1-0157729333126273233
Borrowings 466117124371132640
Other Liabilities 14157211481636310514
Total Liabilities 5129232446601301151036477101
Fixed Assets 2234612131513111098
CWIP 0000000233333
Investments 0000111110000
Other Assets 2107191832461129889516590
Total Assets 5129232446601301151036477101

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-4.00-5.00-4.00-9.00-3.00-3.005.006.00-7.00-3.00-14.00-20.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2181173644304024351095332
Inventory Days 424512442413214910712,798351121
Days Payable 26713231332197817922,0758813
Cash Conversion Cycle 616975763212125637316140
Working Capital Days -98231920105432883316100
ROCE %-18%15%23%16%23%34%18%14%-3%-10%4%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.34%66.34%66.34%66.34%66.34%66.34%66.34%66.34%66.34%66.34%66.34%65.21%
Public 33.66%33.66%33.66%33.66%33.66%33.66%33.66%33.66%33.66%33.66%33.66%34.79%
No. of Shareholders 11,42210,76310,69710,99611,64912,85014,06916,34016,08516,84919,24227,616

Shareholding Pattern Chart

No. of Shareholders

Madhav Copper Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 1.730.45-1.63-0.901.65
Diluted EPS (Rs.) 1.730.45-1.63-0.901.65
Cash EPS (Rs.) 2.341.13-0.790.162.62
Book Value[Excl.RevalReserv]/Share (Rs.) 16.8415.1114.6616.2917.19
Book Value[Incl.RevalReserv]/Share (Rs.) 16.8415.1114.6616.2917.19
Revenue From Operations / Share (Rs.) 45.9313.080.0045.04141.23
PBDIT / Share (Rs.) 2.561.31-0.900.673.47
PBIT / Share (Rs.) 1.950.63-1.73-0.382.50
PBT / Share (Rs.) 1.270.42-1.94-0.692.24
Net Profit / Share (Rs.) 1.730.45-1.63-0.891.65
PBDIT Margin (%) 5.5810.040.001.502.46
PBIT Margin (%) 4.254.840.00-0.851.77
PBT Margin (%) 2.773.250.00-1.541.58
Net Profit Margin (%) 3.763.450.00-1.991.16
Return on Networth / Equity (%) 10.252.99-11.09-5.519.57
Return on Capital Employeed (%) 10.953.86-11.58-2.2914.26
Return On Assets (%) 6.101.91-4.27-2.123.42
Long Term Debt / Equity (X) 0.040.070.010.000.01
Total Debt / Equity (X) 0.560.320.020.150.03
Asset Turnover Ratio (%) 1.770.420.000.994.03
Current Ratio (X) 2.212.581.421.411.36
Quick Ratio (X) 0.951.020.880.900.75
Inventory Turnover Ratio (X) 3.750.850.022.679.89
Interest Coverage Ratio (X) 3.776.31-4.342.1211.39
Interest Coverage Ratio (Post Tax) (X) 3.543.17-6.80-1.836.26
Enterprise Value (Cr.) 155.95100.2963.2286.86246.55
EV / Net Operating Revenue (X) 1.252.820.000.710.64
EV / EBITDA (X) 22.4028.12-25.7247.1926.14
MarketCap / Net Operating Revenue (X) 1.052.460.000.650.63
Price / BV (X) 2.862.131.571.825.26
Price / Net Operating Revenue (X) 1.052.460.000.650.63
EarningsYield 0.030.01-0.07-0.030.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Madhav Copper Ltd. is a Public Limited Listed company incorporated on 19/11/2012 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L27201GJ2012PLC072719 and registration number is 072719. Currently Company is involved in the business activities of Manufacture of copper from ore, and other copper products and alloys. Company's Total Operating Revenue is Rs. 124.67 Cr. and Equity Capital is Rs. 13.57 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Metals - Non Ferrous - Copper/Copper Alloys - ProdPlot No.2107/D, Office No.203, Bhavnagar Gujarat 364001Contact not found
Management
NamePosition Held
Mr. Nilesh Natubhai PatelChairman & Wholetime Director
Mr. Rohit Bhikhabhai ChauhanManaging Director
Ms. Divya Arvindbhai MonparaNon Executive Director
Ms. Chaitnya Bhanubhai DoshiIndependent Director
Mrs. Dinal Ashokbhai LakhaniIndependent Director
Mr. Jaysukh Bhanabhai DabhiIndependent Director

FAQ

What is the intrinsic value of Madhav Copper Ltd and is it undervalued?

As of 17 April 2026, Madhav Copper Ltd's intrinsic value is ₹40.80, which is 29.04% lower than the current market price of ₹57.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.9 %), book value (₹17.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Madhav Copper Ltd?

Madhav Copper Ltd is trading at ₹57.50 as of 17 April 2026, with a FY2026-2027 high of ₹93.2 and low of ₹42.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹156 Cr..

How does Madhav Copper Ltd's P/E ratio compare to its industry?

Madhav Copper Ltd has a P/E ratio of 47.0, which is below the industry average of 50.10. This is broadly in line with or below the industry average.

Is Madhav Copper Ltd financially healthy?

Key indicators for Madhav Copper Ltd: ROCE of 8.50 % is on the lower side compared to the industry average of 14.77%. Dividend yield is 0.00 %.

Is Madhav Copper Ltd profitable and how is the profit trend?

Madhav Copper Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹124 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows an improving trend.

Does Madhav Copper Ltd pay dividends?

Madhav Copper Ltd has a dividend yield of 0.00 % at the current price of ₹57.50. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Madhav Copper Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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