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Hindustan Copper

HINDCOPPER NSE
₹423.25 No trade today
P/E
35.93
View as Markdown
MCP
Close 4 Nov 2026 ₹423.25 +100.95 +31.3% 1Y
Start ₹322.30

Key Fundamentals

MidcapNon - Ferrous MetalsMetals & Mining

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
42.40%
Debt to Equity
0.03
EPS (TTM)
₹11.78
Book Value
₹34.56
Market Cap
—
P/E (TTM)
35.93
P/B
12.25
ROE
32.90%
Dividend Yield
0.71%
EBITDA
₹1,534 Cr
52W High
₹760.05
52W Low
₹308.50
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
76
Strong
Returns, margins, earnings quality 22% weight
Valuation
43
Weak
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
89
Strong
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

6
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 55.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.1%
  • Debtor days have improved from 25.0 to 15.8 days.

Weaknesses

1
  • Stock is trading at 13.5 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
42.64
Neutral
MACD (12,26,9)
−21.30
Bullish
SMA (50)
479.31
Bearish
SMA (200)
522.77
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.12%
5Y+11.49%
3Y+22.44%
1Y+48.62%
TTM+67.08%

Net profit

Net profit growth by window
10Y+37.55%
5Y+52.96%
3Y+46.15%
1Y+96.38%
TTM+132.45%

Operating cash flow

Operating cash flow growth by window
10Y+18.86%
5Y+12.12%
3Y+29.80%
1Y+170.96%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+37.27 pp
5Y+24.53 pp
3Y+18.19 pp
1Y+11.90 pp
TTM+14.96 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,204 Cr
Mar 2018₹1,670 Cr
Mar 2019₹1,816 Cr
Mar 2020₹832 Cr
Mar 2021₹1,787 Cr
Mar 2022₹1,822 Cr
Mar 2023₹1,677 Cr
Mar 2024₹1,717 Cr
Mar 2025₹2,071 Cr
Mar 2026₹3,078 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹62.00 Cr
Mar 2018₹80.00 Cr
Mar 2019₹146 Cr
Mar 2020−₹569 Cr
Mar 2021₹110 Cr
Mar 2022₹374 Cr
Mar 2023₹295 Cr
Mar 2024₹295 Cr
Mar 2025₹469 Cr
Mar 2026₹921 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹2,571 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 1.6× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk high

Hindustan Copper Ltd trades at ₹412.3 as of 2026-10-29 with a market cap of ₹39,870.4 Cr. The company is nearly debt-free with a debt-to-equity of 0.03 and has delivered strong profit growth of 55% CAGR over five years, though the stock trades at a P/E of 35x and 11.93x book value, sitting 45.8% below its 52-week high of ₹760.05.

Bull Case 7
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.03, giving the company significant financial flexibility for expansion
  • Exceptional profitability with ROE of 27.55% and ROCE of 34.64%, indicating highly efficient capital deployment
  • Compounded profit growth of 55% CAGR over the last 5 years and 147% TTM profit growth demonstrate strong earnings momentum
  • TTM sales growth of 67% signals a sharp acceleration in revenue compared to the 5-year compounded sales CAGR of 11%
  • Debtor days improved from 25.0 to 15.8 days, reflecting better working capital management and faster collections
  • Consistent dividend payout of 30.1% with a current yield of 0.69%, showing the company returns cash to shareholders even while growing
  • 3-year ROE average of 23% and last year ROE of 33% show a sustained and improving return profile over time
Bear Case 8
  • P/B ratio of 11.93x is extremely elevated for a metals and mining company, meaning the stock trades at nearly 12 times its book value
  • P/E of 35x TTM is rich for a cyclical commodity business, where earnings can swing sharply with copper price movements
  • As a government-owned copper miner, production expansion timelines can be slow and subject to regulatory and bureaucratic delays
  • 10-year compounded sales CAGR of only 11% suggests the underlying volume and revenue growth has historically been modest despite recent acceleration
  • 10-year ROE average of just 12% versus 33% last year highlights the cyclical nature of returns — current profitability may not be sustainable
  • Dividend yield of 0.69% is low in absolute terms, offering limited income cushion if the stock price corrects
  • Stock has fallen 45.8% from its 52-week high of ₹760.05 to ₹412.3, indicating significant recent downward momentum and possible sentiment shift
  • Being a single-commodity company (copper), earnings are highly sensitive to global copper prices and demand cycles, with limited diversification

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Recent news flow for Hindustan Copper is limited to routine senior leadership changes with no operational or financial developments reported. The reshuffling at the Executive Director level, including a retirement and two new appointments, signals management continuity rather than strategic shifts. No headwinds or positive catalysts have emerged from these updates. Investors should watch for upcoming production data or capex announcements for directional cues.

Neutral 3
  • ED Operations Sethi retires Nov 3

    Shyam Sunder Sethi retired as Executive Director (Operations) effective October 31, 2026, per office order dated November 2, 2026.

  • Nagesh Shenoy appointed ED Mining Oct 12

    Nagesh Shenoy was appointed Executive Director (Mining-Production, Safety & ISO Chief) effective October 12, 2026, moving from his prior role as Unit Head of Malanjkhand Copper Project.

  • Abhimanue Singh heads MCP unit Oct 12

    Abhimanue Singh was appointed Executive Director and Unit Head of Malanjkhand Copper Project effective October 11, 2026, filling the vacancy created by Shenoy's elevation.

Quarterly Results

₹ Cr
HINDCOPPER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
371
381
399
565
494
518
328
731
516
718
687
1,156
936
Expenses
278
260
293
340
305
366
220
465
304
436
347
528
429
Operating Profit
93
121
107
226
188
152
108
267
212
282
340
628
508
OPM %
25%
32%
27%
40%
38%
29%
33%
36%
41%
39%
50%
54%
54%
Other Income
14
11
10
20
7
32
16
47
10
11
−78
33
17
Interest
4
4
4
4
3
1
1
2
2
0
2
1
3
Depreciation
41
46
30
59
38
48
38
52
41
44
48
67
50
PBT
62
83
82
183
154
135
84
260
179
249
213
592
472
Tax %
24%
27%
23%
32%
26%
25%
26%
27%
25%
25%
26%
25%
25%
Net Profit
47
61
63
124
113
102
63
191
134
186
156
444
353
EPS (₹)
0.49
0.63
0.65
1.29
1.17
1.05
0.65
1.97
1.39
1.92
1.62
4.59
3.65

Profit & Loss

₹ Cr
HINDCOPPER profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,016
1,072
1,204
1,670
1,816
832
1,787
1,822
1,677
1,717
2,071
3,078
3,498
Expenses
888
962
981
1,399
1,310
1,074
1,376
1,310
1,185
1,170
1,332
1,615
1,740
Operating Profit
128
110
223
271
506
−242
411
512
492
547
738
1,463
1,758
OPM %
13%
10%
18%
16%
28%
−29%
23%
28%
29%
32%
36%
48%
50%
Other Income
67
52
27
41
37
57
35
50
96
54
78
−24
−17
Interest
1
3
14
26
60
62
64
30
17
17
8
4.91
6
Depreciation
113
119
142
165
253
291
295
150
175
175
176
200
209
PBT
80
40
94
122
230
−538
87
382
396
410
634
1,233
1,525
Tax %
16%
5%
34%
35%
37%
6%
−26%
2%
25%
28%
26%
25%
—
Net Profit
68
38
62
80
146
−569
110
374
295
295
469
921
1,139
EPS (₹)
0.73
0.41
0.67
0.86
1.57
−6.15
1.19
3.87
3.05
3.05
4.85
9.52
11.78
Div. Payout %
21%
0%
30%
29%
33%
0%
29%
30%
30%
30%
30%
30%
—

Balance Sheet

₹ Cr
HINDCOPPER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
463
463
463
463
463
463
463
484
484
484
484
484
Reserves
1,399
948
1,004
1,065
1,174
498
627
1,428
1,599
1,802
2,181
2,864
Borrowings
0
207
472
657
1,070
1,564
1,137
409
156
223
167
111
Other Liabilities
371
1,181
597
630
636
802
819
844
956
971
880
1,179
Total Liabilities
2,233
2,799
2,536
2,814
3,344
3,326
3,046
3,164
3,194
3,479
3,711
4,638
Fixed Assets
202
178
354
332
316
337
322
282
1,326
1,430
1,731
1,922
CWIP
851
733
279
660
1,022
1,232
1,179
683
731
917
766
741
Investments
71
76
0
0
0
0
1
1
10
29
31
31
Other Assets
1,108
1,812
1,903
1,822
2,005
1,757
1,544
2,199
1,127
1,102
1,183
1,944
Total Assets
2,233
2,799
2,536
2,814
3,344
3,326
3,046
3,164
3,194
3,479
3,711
4,638

Cash Flow

₹ Cr
HINDCOPPER cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
237
262
−260
372
252
86
832
1,052
674
341
544
1,474
Investing
−209
−451
−258
−558
−587
−430
−364
−404
−337
−525
−402
−434
Financing
−109
183
−8
−96
445
42
133
−251
−339
−39
−152
−299
Net Cash Flow
−80
−7
−526
−282
110
−302
601
397
−3
−222
−10
741
Free Cash Flow
82
−29
−352
−25
−147
−135
629
829
574
−193
132
1,019
CFO/OP
238
253
−109
141
61
−54
202
225
153
82
95
118

Ratios

HINDCOPPER financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
31
20
50
18
73
36
34
16
14
29
30
16
Inventory Days
—
—
—
737
1,189
—
413
—
—
—
—
—
Days Payable
—
—
—
204
358
—
147
—
—
—
—
—
Cash Conversion Cycle
31
20
50
550
903
36
301
16
14
29
30
16
Working Capital Days
178
137
162
23
69
−96
18
−19
−29
35
56
−2
ROCE %
4%
2%
6%
7%
12%
−18%
6%
18%
18%
18%
24%
42%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hindustan Copper insights

64 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 60.14%
  • Public 22.76%
  • FIIs 7.08%
  • DIIs 5.01%
  • Others 5.00%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · Aug 2026
    PPT
  • Concall · Sep 2025
    PPT
  • Q1 FY26 concall · Sep 2025
    Transcript PPT
  • Concall · Jun 2025
    PPT
  • Q1 FY24 concall · Sep 2023
    PPT

Frequently Asked Questions about Hindustan Copper

What does Hindustan Copper Ltd do?
Incorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company.
Where is Hindustan Copper Ltd (HINDCOPPER) listed?
Hindustan Copper Ltd trades as HINDCOPPER on the NSE and under code 513599 on the BSE.
Which sector does Hindustan Copper Ltd belong to?
Hindustan Copper Ltd is classified under the Metals & Mining sector, in the Copper industry.
What is the PE ratio of Hindustan Copper Ltd?
Hindustan Copper Ltd trades at a PE ratio of 35.93 as of 4 Nov 2026, on earnings per share of ₹11.78, against a book value of ₹34.56 per share.
What is the 52-week high and low of Hindustan Copper Ltd?
Over the last 52 weeks Hindustan Copper Ltd has traded between ₹308.5 and ₹760.05 as of 4 Nov 2026.
Does Hindustan Copper Ltd pay dividends?
Hindustan Copper Ltd has a dividend yield of 0.71%.
What is the Return on Equity (ROE) of Hindustan Copper Ltd?
Hindustan Copper Ltd reported a return on equity of 32.90%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.

Website hindustancopper.com
CEO Mr. Sanjiv Kumar Singh
Employees 1,274
Listed 15 Sep 2010
Face Value ₹5

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