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NSE:MCL

M TEK COPPER LIMITED

Capital Goods › Industrial Products
₹50.13
at close · 28 Oct 2026
▼ 0.16 (-0.32%)

Latest filings

  1. NSE penalty for delayed XBRL voting results filing · Regulatory & Legal
  2. NSE notice for non-compliance with SEBI LODR regulations · Regulatory & Legal
  3. M Tek Copper files quarterly dematerialization certificate for Sep 2026 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures copper products from a base in Gujarat, generating Rs 234.20 crore in revenue in FY26, up about 88% from the prior year. Raw materials accounted for 86.8% of revenue that year, making copper the dominant input cost, while employee cost was 1.4% and other operating expenses were 4.1%. In mid-2026 the company rebranded from Madhav Copper Limited to M TEK COPPER LIMITED following shareholder approval, with no stated change in operations or financial structure. Working capital expanded sharply during the year, with inventories at Rs 5,077 lakh, trade receivables at Rs 2,051 lakh, and short-term borrowings at Rs 4,107 lakh, signalling stretched liquidity tied up in stock and receivables. The statutory auditor issued an unmodified opinion on FY26 financials. The company paid several regulatory penalties in 2026 for board-composition shortfalls, delayed disclosures, and an income tax matter, which management states had no material impact on operations. Specific product mix, plant count, manufacturing capacity, and customer base are not disclosed in the available facts.

Operating scale
FY26 revenue
Rs 234.20 croreFY26
Revenue growth year-on-year
87.97%FY26
Inventories
Rs 5,077 lakhFY26
Trade receivables
Rs 2,051 lakhFY26
Short-term borrowings
Rs 4,107 lakhFY26
Registered office location
Gujarat, India
Biggest cost
Raw materials (copper) at 86.8% of revenue
Kind of business
Raw-material intensive copper manufacturing, asset-light (capex 0.2% of revenue)
Where it sits
Small-cap listed company in the Aluminium Copper & Zinc Products industry, based in Gujarat
Market Cap
₹136 Cr
P / E (TTM)
21.2×
EV / EBITDA
11.8×
Div Yield
—
Growth
-9.4%▼
Revenue 5y CAGR
PAT +3.6% · EBITDA +4.6%
Quality
20.6%▲
ROCE (FY26)
ROE 10.6% · margin 5.1%
Leverage
0.83·
Debt / Equity · moderate
Net debt ₹41 Cr
Revenue FY21→FY26
0.6×▼
Margin +1.1 pts
₹383 Cr → ₹234 Cr
Cash conversion
2.11×▲
Operating cash ÷ profit · 5 yrs
₹9 Cr on ₹4 Cr
Moves on a normal day
1.91%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 9 Aluminium Copper & Zinc Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/10
P/B#6/10
ROCE#6/10
ROE#6/10
Debt / Equity#8/10
EBITDA margin#7/9
Revenue growth#2/7
Profit growth#6/6

Scorecard

Measured from the filed financials, judged against its Aluminium Copper & Zinc Products peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹4.41 Cr of profit and ₹9.32 Cr of operating cash — 2.11×
Profit is converting into cash
Concerns
Revenue shrinking over 5 years (−9% a year)
Carries more debt than its peers — 0.83× equity
higher than 78% of its 10 Aluminium Copper & Zinc Products peers

Charts

How has the market priced it — with filings on the timeline?

MCL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from M TEK COPPER LIMITED's filed financials and exchange disclosures

What does M TEK COPPER LIMITED do?

M TEK COPPER LIMITED is a Industrial Products company listed on NSE, trading under the symbol MCL.

Is M TEK COPPER LIMITED profitable?

Yes. Over the trailing twelve months M TEK COPPER LIMITED reported a net profit of ₹5.55 Cr on revenue of ₹314 Cr.

Does M TEK COPPER LIMITED pay a dividend?

Not in the latest reported year — M TEK COPPER LIMITED's dividend payout for FY26 was nil.

Is M TEK COPPER LIMITED debt-free?

No. It reported borrowings of ₹42 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹41 Cr after cash. Debt stands at 0.83× equity. That is higher than 78% of its 10 Aluminium Copper & Zinc Products peers.

Is M TEK COPPER LIMITED expensive compared with its peers?

On trailing P/E, M TEK COPPER LIMITED ranks 5 of 10 in Aluminium Copper & Zinc Products — cheaper than 56% of them, against an industry median of 24.3×. This is a position, not a valuation judgement.

How much does the M TEK COPPER LIMITED share price move in a day?

On a typical session M TEK COPPER LIMITED moves 1.91% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track M TEK COPPER LIMITED's announcements?

Every NSE and BSE filing by M TEK COPPER LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.