Buy Or Sell Opportunity • Apr 08
Now 22% overvalued Over the last 90 days, the stock has fallen 9.9% to ₹64.00. The fair value is estimated to be ₹52.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 96% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₹1.72b market cap, or US$18.7m). Buy Or Sell Opportunity • Mar 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to ₹66.67. The fair value is estimated to be ₹55.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 96% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹0.28 (vs ₹0.33 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.28 (down from ₹0.33 in 3Q 2025). Revenue: ₹528.7m (up 61% from 3Q 2025). Net income: ₹7.58m (down 16% from 3Q 2025). Profit margin: 1.4% (down from 2.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹84.55, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₹64.95, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 111% over the past three years. New Risk • Dec 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (₹1.32b market cap, or US$14.5m). Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹52.42, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 59% over the past three years. New Risk • Oct 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₹1.38b market cap, or US$15.6m). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹58.53, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 94% over the past three years. Announcement • Aug 28
Madhav Copper Limited, Annual General Meeting, Sep 25, 2025 Madhav Copper Limited, Annual General Meeting, Sep 25, 2025, at 16:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹0.38 (vs ₹0.41 in 1Q 2025) First quarter 2026 results: EPS: ₹0.38 (down from ₹0.41 in 1Q 2025). Revenue: ₹463.7m (up 89% from 1Q 2025). Net income: ₹10.4m (down 7.0% from 1Q 2025). Profit margin: 2.2% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 08
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 4.1% to ₹51.31. The fair value is estimated to be ₹40.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.58b market cap, or US$18.3m). Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹1.73 (vs ₹0.45 in FY 2024) Full year 2025 results: EPS: ₹1.73 (up from ₹0.45 in FY 2024). Revenue: ₹1.25b (up 253% from FY 2024). Net income: ₹46.9m (up 282% from FY 2024). Profit margin: 3.7% (up from 3.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹59.09, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹55.88, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total returns to shareholders of 81% over the past three years. Reported Earnings • Feb 23
Third quarter 2025 earnings released: EPS: ₹0.33 (vs ₹0.61 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.33 (down from ₹0.61 in 3Q 2024). Revenue: ₹330.0m (up 135% from 3Q 2024). Net income: ₹9.05m (down 45% from 3Q 2024). Profit margin: 2.7% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Madhav Copper Limited to Report Q3, 2025 Results on Feb 14, 2025 Madhav Copper Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹47.95, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₹77.04, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 122% over the past three years. New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₹1.36b market cap, or US$16.1m). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹42.17, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹0.35 (vs ₹0.39 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.35 (up from ₹0.39 loss in 2Q 2024). Revenue: ₹258.9m (up 330% from 2Q 2024). Net income: ₹9.44m (up ₹20.0m from 2Q 2024). Profit margin: 3.6% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹41.31, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 27x in the Metals and Mining industry in India. Total returns to shareholders of 11% over the past three years. Announcement • Aug 26
Madhav Copper Limited, Annual General Meeting, Sep 27, 2024 Madhav Copper Limited, Annual General Meeting, Sep 27, 2024, at 16:00 Indian Standard Time. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Jaysukh Dabhi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 26
Madhav Copper Limited, Annual General Meeting, Sep 23, 2023 Madhav Copper Limited, Annual General Meeting, Sep 23, 2023, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Financial Statements including Audited Balance Sheet of the Company as at March 31, 2023 and the Statement of Profit and Loss and Cash flow statement for the financial year ended on March 31, 2023 together with Board of Directors' and the Auditors' Report thereon; to appoint Mr. Rohit Bhikhabhai Chauhan, Managing Director of the company who retires by rotation and being eligible, offers himself for re-appointment; and to consider Remuneration to the Cost Auditors for the financial year 2022-23. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹831.9m market cap, or US$9.99m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 08
Madhav Copper Limited, Annual General Meeting, Sep 30, 2022 Madhav Copper Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Location: Plot No.2107/D, Office No. 203 2nd Floor D & I Excelus, Waghawadi Road Bhavnagar Gujarat India Agenda: To receive, consider and adopt the Financial Statements including Audited Balance Sheet of the Company as at March 31, 2022 and the Statement of Profit and Loss and Cash flow statement for the financial year ended on March 31, 2022 together with Board of Directors' and the Auditors' Report thereon; to appoint Mr. Nilesh Natubhai Patel, who retires by rotation and being eligible, offers himself for re-appointment; to consider appointment of statutory auditor; and to consider other matters. Reported Earnings • May 25
Full year 2022 earnings released: ₹0.90 loss per share (vs ₹1.65 profit in FY 2021) Full year 2022 results: ₹0.90 loss per share (down from ₹1.65 profit in FY 2021). Revenue: ₹1.24b (down 68% from FY 2021). Net loss: ₹24.4m (down 155% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • May 24
Madhav Copper Limited to Report Q4, 2022 Results on May 21, 2022 Madhav Copper Limited announced that they will report Q4, 2022 results on May 21, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.47 loss per share (down from ₹0.83 profit in 3Q 2021). Revenue: -₹57.8k (down 100% from 3Q 2021). Net loss: ₹12.7m (down 156% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹64.95, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • Jul 06
Full year 2021 earnings released: EPS ₹1.65 (vs ₹1.64 in FY 2020) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2021 results: Revenue: ₹3.83b (up 90% from FY 2020). Net income: ₹44.7m (flat on FY 2020). Profit margin: 1.2% (down from 2.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 22% share price gain to ₹96.65, the stock is trading at a trailing P/E ratio of 59x, up from the previous P/E ratio of 48.3x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total returns to shareholders over the past three years are 310%. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 20% share price gain to ₹71.95, the stock is trading at a trailing P/E ratio of 43.9x, up from the previous P/E ratio of 36.6x. This compares to an average P/E of 14x in the Metals and Mining industry in India. Total returns to shareholders over the past three years are 199%. Is New 90 Day High Low • Nov 13
New 90-day low: ₹58.55 The company is down 19% from its price of ₹72.40 on 14 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: ₹62.85 The company is down 19% from its price of ₹78.00 on 30 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Announcement • Jul 17
Madhav Copper Limited to Report Second Half, 2020 Results on Jun 30, 2020 Madhav Copper Limited announced that they will report second half, 2020 results on Jun 30, 2020