Madhav Copper Limited's (NSE:MCL) 48% Share Price Surge Not Quite Adding Up
Dec 30
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Indian (NIFTY) Copper Industry Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies6
- 7D7.7%
- 3M62.3%
- 1Y125.3%
- YTDn/a
Over the last 7 days, the Copper industry has risen 7.7%, driven by gains from Hindustan Copper of 7.8%. In the same time, Bonlon Industries was down 10.0%. This takes the industry's 12 month performance to a gain of 125%. Earnings are forecast to grow by 55% annually.
Industry Valuation and Performance
Has the Indian Copper Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 19 Jan 2026 | ₹548.0b | ₹35.5b | ₹5.8b | 40.5x | 93.8x | 15.5x |
| Wed, 17 Dec 2025 | ₹361.2b | ₹35.5b | ₹5.8b | 31.8x | 61.8x | 10.2x |
| Fri, 14 Nov 2025 | ₹329.8b | ₹34.6b | ₹5.9b | 18.6x | 56x | 9.5x |
| Sun, 12 Oct 2025 | ₹337.2b | ₹32.7b | ₹5.1b | 19.8x | 66.5x | 10.3x |
| Tue, 09 Sep 2025 | ₹240.3b | ₹32.3b | ₹5.0b | 17x | 47.6x | 7.4x |
| Thu, 07 Aug 2025 | ₹240.2b | ₹31.4b | ₹4.8b | 19.8x | 50x | 7.7x |
| Sat, 05 Jul 2025 | ₹271.8b | ₹31.4b | ₹4.8b | 21.7x | 56.5x | 8.7x |
| Mon, 02 Jun 2025 | ₹243.0b | ₹31.1b | ₹4.8b | 20.4x | 50.3x | 7.8x |
| Wed, 30 Apr 2025 | ₹214.5b | ₹28.8b | ₹4.2b | 20.9x | 51.2x | 7.4x |
| Fri, 28 Mar 2025 | ₹221.2b | ₹28.8b | ₹4.2b | 20.1x | 52.8x | 7.7x |
| Sun, 23 Feb 2025 | ₹218.6b | ₹28.6b | ₹4.2b | 22.3x | 52.4x | 7.6x |
| Tue, 21 Jan 2025 | ₹246.9b | ₹28.7b | ₹4.2b | 25.3x | 59.3x | 8.6x |
| Thu, 19 Dec 2024 | ₹275.4b | ₹28.7b | ₹4.2b | 30.1x | 66.1x | 9.6x |
| Sat, 16 Nov 2024 | ₹257.1b | ₹27.5b | ₹3.8b | 26.8x | 68.5x | 9.4x |
| Mon, 14 Oct 2024 | ₹309.0b | ₹26.5b | ₹3.7b | 33.4x | 82.8x | 11.7x |
| Wed, 11 Sep 2024 | ₹306.4b | ₹26.3b | ₹3.7b | 35x | 82.6x | 11.7x |
| Fri, 09 Aug 2024 | ₹289.2b | ₹24.7b | ₹3.0b | 41.1x | 95x | 11.7x |
| Sun, 07 Jul 2024 | ₹323.4b | ₹24.7b | ₹3.0b | 38.3x | 106.2x | 13.1x |
| Tue, 04 Jun 2024 | ₹361.4b | ₹24.7b | ₹3.0b | 30.7x | 118.7x | 14.6x |
| Thu, 02 May 2024 | ₹377.1b | ₹24.9b | ₹3.1b | 44.7x | 122.8x | 15.2x |
| Sat, 30 Mar 2024 | ₹272.2b | ₹24.9b | ₹3.1b | 39.3x | 88.6x | 10.9x |
| Mon, 26 Feb 2024 | ₹257.6b | ₹24.9b | ₹3.1b | 46.8x | 83.9x | 10.4x |
| Wed, 24 Jan 2024 | ₹253.2b | ₹27.0b | ₹3.2b | 52x | 78.4x | 9.4x |
| Fri, 22 Dec 2023 | ₹213.1b | ₹27.0b | ₹3.2b | 44.1x | 66x | 7.9x |
| Sun, 19 Nov 2023 | ₹155.4b | ₹26.9b | ₹3.2b | 37x | 48.3x | 5.8x |
| Tue, 17 Oct 2023 | ₹154.8b | ₹24.6b | ₹2.9b | 32.7x | 54x | 6.3x |
| Thu, 14 Sep 2023 | ₹155.5b | ₹24.6b | ₹2.9b | 28.4x | 54.2x | 6.3x |
| Sat, 12 Aug 2023 | ₹155.1b | ₹24.2b | ₹3.0b | 24.8x | 51.5x | 6.4x |
| Mon, 10 Jul 2023 | ₹116.8b | ₹24.1b | ₹3.0b | 28.9x | 38.8x | 4.8x |
| Wed, 07 Jun 2023 | ₹111.2b | ₹24.1b | ₹3.0b | 26.5x | 36.9x | 4.6x |
| Fri, 05 May 2023 | ₹105.5b | ₹23.4b | ₹2.6b | 31x | 40.8x | 4.5x |
| Sun, 02 Apr 2023 | ₹96.5b | ₹23.4b | ₹2.6b | 27.8x | 37.4x | 4.1x |
| Tue, 28 Feb 2023 | ₹95.3b | ₹23.4b | ₹2.6b | 34.8x | 36.9x | 4.1x |
| Thu, 26 Jan 2023 | ₹126.3b | ₹22.1b | ₹3.5b | 37.1x | 36.2x | 5.7x |
Price to Earnings Ratio
36.2x
Current Industry PE
- Investors are optimistic on the Indian Copper industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 93.8x which is higher than its 3-year average PE of 64.3x.
- The 3-year average PS ratio of 8.6x is lower than the industry's current PS ratio of 15.5x.
Past Earnings Growth
- The earnings for companies in the Copper industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Copper compare with similar industries?
| IN Market | 0.026% | |
| Materials | 1.89% | |
| Metals and Mining | 3.88% | |
| Copper | 7.70% | |
| Diversified Metals and Mining | 7.60% | |
| Gold | 5.72% | |
| Aluminum | 3.65% | |
| Steel | 2.23% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 513599 Hindustan Copper | ₹561.45 | 7.8% +₹39.2b | 126.9% | PE95.6x | |
| MCL Madhav Copper | ₹80.53 | 7.9% +₹161.0m | 58.3% | PE63.1x | |
| 540727 Poojawestern Metaliks | ₹28.98 | 4.3% +₹12.2m | -14.9% | PE13.3x | |
| 526027 Cubex Tubings | ₹106.20 | 0.09% +₹1.4m | -8.7% | PE20.5x |