M TEK Copper share price & results
- Jun 2026
- Jun 2026
Bhavnagar (Gujarat)-based manufacturer of copper wires, rods, bus bars and fabricated copper products for electrical and industrial applications.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 80.3 | +73.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 3.6 | −0.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.1 | +1.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 9.32 | −3.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 2.41 | +0.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 83.25 | −165.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −0.1% 1Y
1Y: ₹50.03 on 24 Oct 2025 → ₹50. High ₹93.2 (21 Jan 2026), low ₹42.43 (24 Nov 2025).
- Previous close
- ₹48.89
- Market cap
- ₹141 Cr
- 52-week range
- ₹42.43 – ₹93.2
- One year
- −0.85%
- Price to earnings (TTM to Jun 2026)
- 31.19×
- Return on equity (TTM to Jun 2026)
- 9.32%
Overview
- Symbol
- NSE:MCL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What M TEK COPPER LIMITED does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +1% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 26 | 33 | 42 | 46 | 51 | 53 | 84 | 80 |
| Expenses | 24 | 31 | 40 | 44 | 49 | 50 | 80 | 77 |
| Operating profit | 1 | 2 | 1 | 2 | 2 | 2 | 4 | 3 |
| Operating margin | 5.7% | 5.4% | 2.7% | 4.4% | 3.6% | 4.4% | 5.1% | 3.6% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit before tax | 1 | 1 | 0 | 1 | 1 | 1 | 4 | 2 |
| Tax rate | −4.4% | 7.1% | −330.0% | −1.0% | 118.9% | 36.1% | 21.4% | 34.4% |
| Net profit | 1 | 1 | 2 | 1 | -0 | 1 | 3 | 1 |
| EPS (₹ per share) | 0.35 | 0.34 | 0.63 | 0.38 | -0.07 | 0.28 | 1.07 | 0.39 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 36 | 125 | 234 |
| Expenses | 37 | 119 | 224 |
| Operating profit | -1 | 6 | 10 |
| Other income | 5 | 1 | 2 |
| Interest | 1 | 2 | 3 |
| Depreciation | 2 | 2 | 2 |
| Profit before tax | 1 | 3 | 7 |
| Net profit | 1 | 5 | 5 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 31 | 26 | 27 | 32 | 33 | 37 |
| Borrowings | 7 | 1 | 13 | 26 | 40 | 41 |
| Other liabilities | 63 | 63 | 10 | 5 | 14 | 22 |
| Total liabilities | 115 | 103 | 64 | 77 | 101 | 113 |
| Fixed assets | 13 | 11 | 10 | 9 | 8 | 11 |
| Capital work in progress | 3 | 3 | 3 | 3 | 3 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 98 | 89 | 51 | 65 | 90 | 102 |
| Total assets | 115 | 103 | 64 | 77 | 101 | 113 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | 3 | -1 | -1 | 3 | 6 |
| Cash from investing | -7 | -1 | 1 | -1 | -1 | 0 |
| Cash from financing | -3 | -1 | 0 | 2 | -3 | -6 |
| Net cash flow | -7 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | -5 | 1 | -1 | -2 | 3 | 6 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 35 | 109 | — | 53 | 32 | 32 |
| Inventory days | 49 | 107 | 12798 | 351 | 121 | 88 |
| Days payable | 78 | 179 | 22075 | 88 | 13 | 17 |
| Cash conversion cycle | 6 | 37 | — | 316 | 140 | 103 |
| Working capital days | 28 | 83 | — | 316 | 99 | 59 |
| Return on capital employed | 14.0% | −3.0% | −10.0% | 4.0% | 8.0% | 13.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 65.21% as of Jun 2026.
- Promoters 65.21%
- Public 34.79%
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 |
|---|---|---|
| 25.20% | unchanged | |
| 9.95% | unchanged | |
| 9.95% | unchanged | |
| 6.63% | unchanged | |
| 6.08% | unchanged | |
| 6.06% | unchanged | |
| 1.33% | unchanged | |
| 0.02% | 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.
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