MCL
M TEK COPPER financials
- Market cap
- ₹157 Cr
- Sector
- Capital Goods
What M TEK COPPER LIMITED does
Madhav Copper Limited manufactures fabricated copper products — enamelled copper wire, submersible winding wire, continuous cast copper rods, copper bus bars/profiles/strips/flats, copper anodes and copper earth rods — used in electrical machines, transformers, switchgear, submersible pumps and general-purpose motors. It operates a single manufacturing facility in Bhavnagar, Gujarat and expanded into backward integration (in-house copper rod/anode production) from 2018 onward. The company is ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified, BIS (IS 8783) licensed, and is a registered approved vendor with Indian Railways.
Segments
- Copper Wire & Rods
- Copper Bus Bars, Profiles, Strips, Flats, Sections, Anodes & Gun Metal
- Enamelled Copper Wire
- Submersible Winding Wire
- Copper Patti & Scrap
- Manufacturing facility area
- 49,979 sq. mts. (Bhavnagar, Gujarat)
- Installed capacity – submersible & enamelled copper wire
- 4,800 MT/year
- Installed capacity – copper bus bars, profiles, strips, flats, wire & rods
- 4,800 MT/year
- Product range
- 8+ copper product lines (wires, rods, bus bars, profiles, anodes, earth rods)
- Customers served
- 140+
- Geographic presence
- 10+ states across India
Quarterly results
Q1 FY27: revenue up 73.7%, net profit up 1.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26 | 33 | 42 | 46 | 51 +99% | 53 +61% | 84 +102% | 80 +74% |
| EBITDA | 1 | 2 | 1 | 2 | 2 +24% | 2 +31% | 4 +277% | 3 +44% |
| Net profit | 1 | 1 | 2 | 1 | -0 −121% | 1 −16% | 3 +69% | 1 +1% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +25.1% 1Y
1Y: ₹46.31 on 10 Sept 2025 → ₹57.92. High ₹93.2 (21 Jan 2026), low ₹42.43 (24 Nov 2025).
Financials, as filed
Revenue grew 156.8% a year over 2 years, FY24 to FY26. Operating margin widened to 4.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹36 Cr | ₹125 Cr | ₹234 Cr |
| Operating profit | ₹-1 Cr | ₹6 Cr | ₹10 Cr |
| Operating margin | -3.5% | 4.9% | 4.5% |
| Interest | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹1 Cr | ₹5 Cr | ₹5 Cr |
| Net margin | 3.5% | 3.8% | 1.9% |
| Cash from operations | ₹-1 Cr | ₹3 Cr | ₹6 Cr |
| Free cash flow | ₹-2 Cr | ₹2 Cr | ₹6 Cr |
| ROCE | 4.0% | 8.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹33 Cr | ₹31 Cr | ₹26 Cr | ₹27 Cr | ₹33 Cr | ₹37 Cr |
| Borrowings | ₹3 Cr | ₹7 Cr | ₹1 Cr | ₹13 Cr | ₹40 Cr | ₹42 Cr |
| Other liabilities | ₹81 Cr | ₹63 Cr | ₹63 Cr | ₹10 Cr | ₹14 Cr | ₹20 Cr |
| Total liabilities | ₹130 Cr | ₹115 Cr | ₹103 Cr | ₹64 Cr | ₹101 Cr | ₹112 Cr |
| Fixed assets | ₹15 Cr | ₹13 Cr | ₹11 Cr | ₹10 Cr | ₹8 Cr | ₹11 Cr |
| Capital work in progress | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹112 Cr | ₹98 Cr | ₹89 Cr | ₹51 Cr | ₹90 Cr | ₹102 Cr |
| Total assets | ₹130 Cr | ₹115 Cr | ₹103 Cr | ₹64 Cr | ₹101 Cr | ₹112 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −1.13 pp while the public added +1.13 pp. The shareholder count grew 126% to 38,086.
- Promoters
- 65.2%
- Public
- 34.8%
Since Jun 2025
- Promoters −1.13 pp
- Public +1.13 pp
How it drifted, 12 quarters
Over this window promoters fell from 66.3% to 65.2% — −1.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 66.3%, Public 33.7%.Dec '23: Promoters 66.3%, Public 33.7%.Mar '24: Promoters 66.3%, Public 33.7%.Jun '24: Promoters 66.3%, Public 33.7%.Sep '24: Promoters 66.3%, Public 33.7%.Dec '24: Promoters 66.3%, Public 33.7%.Mar '25: Promoters 66.3%, Public 33.7%.Jun '25: Promoters 66.3%, Public 33.7%.Sep '25: Promoters 66.3%, Public 33.7%.Dec '25: Promoters 65.2%, Public 34.8%.Mar '26: Promoters 65.2%, Public 34.8%.Jun '26: Promoters 65.2%, Public 34.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of M TEK COPPER LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Chauhan Rohitbhai Bhikhabhai | 25.20% | unchanged |
| Sanjaybhai Natubhai Dabhi | 9.95% | unchanged |
| Nileshbhai Natubhai Patel | 9.95% | unchanged |
| Divya Arvindbhai Monpara | 6.63% | unchanged |
| Rajesh Odhavjibhai Patel | 6.08% | unchanged |
| Vishal Talsibhai Monpara | 6.06% | unchanged |
| Rakshaben Rohitbhai Chauhan | 1.33% | unchanged |
| Alpesh Ramjibhai Bhalani | 0.02% | unchanged |
| Nitaben Patel | 0.00% | unchanged |
| Rasilaben Bhalani | 0.00% | unchanged |
| Rekhaben Patel | 0.00% | unchanged |
| Vijaybhai Chauhan | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse M TEK COPPER LIMITED
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