Madhav Copper Ltd
₹ 65.5
5.00%
20 Dec
- close price
About
Incorporated in 2012, Madhav Copper is a part of Madhav Group. The company manufactures and trades in copper winding wires, enameled copper wires, enameled copper round winding wire, Poly wrap submersible winding wires, enameled aluminum round winding wire, bare copper wire, and other copper strips and wires. The company is located at Bhavnagar, Gujarat. [1]
Key Points
- Market Cap ₹ 178 Cr.
- Current Price ₹ 65.5
- High / Low ₹ 84.0 / 31.3
- Stock P/E 33.2
- Book Value ₹ 15.9
- Dividend Yield 0.00 %
- ROCE 3.62 %
- ROE 3.04 %
- Face Value ₹ 5.00
Pros
- Debtor days have improved from 81.0 to 52.9 days.
Cons
- Stock is trading at 4.13 times its book value
- The company has delivered a poor sales growth of -30.1% over past five years.
- Company has a low return on equity of -4.69% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.4.98 Cr.
- Working capital days have increased from 261 days to 419 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Loading peers table ...
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 5m | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 1.12 | 19.63 | 35.61 | 71.45 | 168.77 | 212.88 | 202.28 | 383.35 | 122.20 | 0.00 | 35.48 | 78.27 | |
| 0.00 | 1.43 | 18.36 | 33.57 | 69.02 | 164.28 | 203.99 | 193.58 | 374.22 | 122.06 | 2.41 | 36.72 | 75.02 | |
| Operating Profit | 0.00 | -0.31 | 1.27 | 2.04 | 2.43 | 4.49 | 8.89 | 8.70 | 9.13 | 0.14 | -2.41 | -1.24 | 3.25 |
| OPM % | -27.68% | 6.47% | 5.73% | 3.40% | 2.66% | 4.18% | 4.30% | 2.38% | 0.11% | -3.49% | 4.15% | ||
| 0.00 | 0.01 | 0.06 | 0.07 | 0.19 | 0.29 | 0.06 | 0.79 | 0.42 | 1.72 | -0.04 | 4.81 | 4.98 | |
| Interest | 0.00 | 0.18 | 0.42 | 0.81 | 1.04 | 0.92 | 1.26 | 1.06 | 0.83 | 0.87 | 0.57 | 0.57 | 1.14 |
| Depreciation | 0.00 | 0.14 | 0.41 | 0.22 | 0.45 | 0.66 | 1.77 | 2.35 | 2.63 | 2.88 | 2.25 | 1.85 | 1.76 |
| Profit before tax | 0.00 | -0.62 | 0.50 | 1.08 | 1.13 | 3.20 | 5.92 | 6.08 | 6.09 | -1.89 | -5.27 | 1.15 | 5.33 |
| Tax % | 0.00% | 30.00% | 32.41% | 25.66% | 25.94% | 38.51% | 26.64% | 26.60% | 29.10% | -16.32% | -6.09% | ||
| 0.00 | -0.62 | 0.35 | 0.73 | 0.84 | 2.37 | 3.64 | 4.45 | 4.47 | -2.44 | -4.41 | 1.23 | 5.36 | |
| EPS in Rs | 0.00 | -0.69 | 0.19 | 0.30 | 0.34 | 0.96 | 1.48 | 1.64 | 1.65 | -0.90 | -1.62 | 0.45 | 1.98 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 41% |
| 5 Years: | -30% |
| 3 Years: | -55% |
| TTM: | 949% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | -20% |
| 3 Years: | -35% |
| TTM: | 267% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | 26% |
| 1 Year: | 96% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 1% |
| 3 Years: | -5% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.24 | 0.75 | 1.50 | 1.50 | 2.05 | 2.05 | 6.16 | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 | 13.57 |
| Reserves | 0.20 | -0.57 | -0.08 | 0.95 | 4.99 | 7.36 | 6.89 | 28.61 | 33.08 | 30.64 | 26.22 | 27.45 | 29.51 |
| 0.30 | 3.97 | 6.40 | 5.93 | 11.09 | 7.29 | 11.92 | 4.14 | 2.95 | 7.33 | 1.04 | 13.18 | 15.82 | |
| 0.06 | 0.59 | 4.19 | 0.73 | 4.69 | 7.13 | 20.57 | 13.50 | 80.69 | 63.11 | 62.54 | 9.89 | 16.49 | |
| Total Liabilities | 0.80 | 4.74 | 12.01 | 9.11 | 22.82 | 23.83 | 45.54 | 59.82 | 130.29 | 114.65 | 103.37 | 64.09 | 75.39 |
| 0.59 | 2.29 | 2.38 | 2.56 | 3.84 | 5.53 | 12.10 | 12.83 | 15.30 | 13.44 | 11.20 | 9.89 | 9.45 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.62 | 2.60 | 2.61 | 2.93 | 2.93 |
| Investments | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.80 | 1.18 | 1.15 | 1.15 | 0.71 | 0.17 | 0.02 | 0.02 |
| 0.21 | 2.45 | 9.59 | 6.55 | 18.98 | 17.50 | 32.26 | 45.84 | 112.22 | 97.90 | 89.39 | 51.25 | 62.99 | |
| Total Assets | 0.80 | 4.74 | 12.01 | 9.11 | 22.82 | 23.83 | 45.54 | 59.82 | 130.29 | 114.65 | 103.37 | 64.09 | 75.39 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | -2.52 | 1.69 | -6.00 | 7.11 | 8.67 | -13.19 | 2.00 | 3.10 | -0.58 | -1.31 | |
| 0.00 | 0.00 | -0.52 | -0.02 | -1.97 | -3.00 | -8.68 | -3.01 | -6.54 | -1.46 | 0.54 | -0.66 | |
| 0.00 | 0.00 | 3.02 | -1.64 | 8.06 | -4.18 | 0.03 | 23.35 | -2.58 | -1.33 | -0.11 | 2.04 | |
| Net Cash Flow | 0.00 | 0.00 | -0.02 | 0.02 | 0.09 | -0.08 | 0.02 | 7.15 | -7.11 | 0.31 | -0.15 | 0.07 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 218.35 | 117.14 | 35.98 | 44.19 | 29.72 | 40.45 | 23.64 | 34.56 | 109.02 | 52.88 | ||
| Inventory Days | 423.66 | 50.80 | 24.20 | 41.71 | 3.91 | 12.81 | 21.21 | 49.28 | 107.13 | 12,797.81 | 350.51 | |
| Days Payable | 26.07 | 71.21 | 3.36 | 22.74 | 12.55 | 31.96 | 19.36 | 77.58 | 179.42 | 22,074.90 | 87.86 | |
| Cash Conversion Cycle | 615.94 | 96.74 | 56.82 | 63.16 | 21.07 | 21.30 | 25.49 | 6.26 | 36.73 | 315.53 | ||
| Working Capital Days | 593.12 | 96.50 | 53.20 | 63.55 | 21.30 | 17.87 | 42.67 | 28.67 | 102.66 | 418.80 | ||
| ROCE % | -18.00% | 15.37% | 23.33% | 15.84% | 22.85% | 34.46% | 18.12% | 14.18% | -3.16% | -9.72% | 3.62% |
Documents
Announcements
-
Copy of Newspaper Publication
21 December 2024 - Madhav Copper Limited has informed about Copy of Newspaper Publication
-
Shareholders meeting
20 December 2024 - Madhav Copper Limited has informed regarding Notice of Postal Ballot
-
Notice Of Shareholders Meetings-XBRL
20 December 2024 - MADHAV COPPER LIMITED has informed about Notice of Shareholders Meeting for Postal Ballot
-
Outcome of Board Meeting
19 December 2024 - Madhav Copper Limited has informed regarding Outcome of Board Meeting held on December 19, 2024.
-
Board Meeting Intimation
13 December 2024 - MADHAV COPPER LIMITED has informed about Board Meeting to be held on 19-Dec-2024 to consider Other business.
Annual reports
Concalls
-
Jan 2020TranscriptNotesPPT
Product Portfolio & Usage:[1]
a) Copper Bus Bars, Strips & Rods: These are available in both high conductivity electrolytic tough pitch (MCL-ETP) and high conductivity Oxygen-Free (OFC) copper.
b) Tin-plated copper busbars: used in Switch-boards, Switchgears, Electrical Panels, Power Transformers, Busduct, Earthing, Electrical Conductors, etc.
c) Copper profile: Used in Power generation - Hydro-generators, turbo, wind, and nuclear-generators, Electrical appliances, Heat Sinks or CPU Coolers, etc.
d) Fabricated copper busbar: Used in Switch-boards, Switchgears, etc.
e) Silver-bearing copper: Used in Commutator Bars, Segments in traction motor and various industrial DC motors, Vacuum Interrupters, Stators.
f) Copper Earth Rods: These rods are used for their low maintenance and construction.
g)Copper anodes: Electro Plating Applications, Antimicrobial properties Coating, Sea Water Pipe-work Anti-fouling, etc.
h) Enameled Copper Round Winding Wire: Used in transformers, etc.
i) Paper Insulated Copper Conductor: Used in Oil-filled Power and Distribution Transformers, Traction Equipment, Dry Type Transformers, High Tension Motors/Generator,
j) Fiberglass/daglas Covered Copper Conductor: Used in HT Motor stator, Traction Equipment, Generators, and Hydro generators.
k) Kapton Polyimide Covered Copper Conductor: Used in Traction Machines Winding, Water immersed Winding, Special Type motors
Submersible Winding Wires: Used in submersible pump motors of all sizes for domestic and industrial applications.
The Copper Conductors are manufactured from 99.997% of pure ETP and OFC grade copper and insulated with high thermal class engineered insulation material, which provides excellent dielectric properties and excellent resistance to cracking[2]