M Tek Copper Ltd (MCL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+2044.8%

₹1,105.43

vs ₹51.54 price

Levered DCF

₹686.28

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	33.19×	28.43×	75.11×	-14.11×	-33×	54.76×	41.04×	56.42×
P/B	2.97×	2.95×	2.24×	1.57×	1.82×	5.26×	4.33×	15.74×
P/S	0.64×	1.08×	2.58×	0×	0.66×	0.64×	0.9×	0.97×
EV / EBITDA	18.19×	23.12×	29.37×	-26.25×	47.13×	26×	20.6×	24.3×
Gross margin	7.9%	10.0%	10.0%	0.0%	-1.1%	3.5%	6.8%	4.7%
Operating margin	3.8%	3.6%	6.3%	0.0%	-1.9%	1.7%	8.2%	3.4%
Net margin	1.9%	3.8%	3.5%	0.0%	-2.0%	1.2%	2.2%	1.7%
Current ratio	1.62×	2.21×	2.58×	1.42×	1.41×	1.36×	3.12×	1.11×
Debt / equity	0.83×	0.57×	0.32×	0.03×	0.17×	0.06×	0.1×	0.91×
Interest coverage	2.68×	2.44×	3.33×	-8.24×	-2.6×	7.96×	15.65×	5.68×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.9%	10.3%	3.0%	-11.1%	-5.5%	9.6%	10.5%	27.9%
Return on invested capital	6.1%	6.3%	4.1%	-9.5%	-4.3%	9.7%	26.0%	17.4%
Return on assets	4.0%	6.1%	1.9%	-4.3%	-2.1%	3.4%	7.4%	8.0%
Free cash flow yield	1.8%	0.6%	-2.4%	-1.0%	0.7%	-2.3%	-9.0%	-0.1%
Earnings yield	3.0%	3.5%	1.3%	-7.1%	-3.0%	1.8%	2.4%	1.8%
Enterprise value	₹1.9B	₹1.6B	₹1B	₹633.5M	₹877.9M	₹2.5B	₹1.8B	₹2.2B
Net debt / EBITDA	3.94×	3.74×	3.65×	-0.38×	3.85×	0.3×	-0.35×	1.33×
Cash conversion cycle (days)	101	136	335	-1,757	79	20	26	22