Hindustan Copper (HINDCOPPER) had a P/E of 35.9× on 6 Nov 2026, above the industry P/E of 23.1×, and the shares are 45% below their 52-week high. It earns ROCE of 35% and ROE of 31%, and sales and net profit grew 23% and 46% a year over 3 years. It has almost no debt, and its dividend yield is 0.7%. It is a mid-cap company with a market cap of ₹40,726 Cr, the largest of 8 Copper companies by market cap; the shares rose 29% over the past year.
- ₹419.00
- ₹424.50
- ₹410.80
- ₹427.35
- 49.6 L
Health check
- ReturnsAhead
+28.6% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 35.9 vs industry 23.1.
- GrowthStrong
Sales +22.5%, profit +45.9% a year over 3 years.
- ProfitabilityStrong
ROCE 34.5% vs peer median 17.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
- Red flags3 to check
P/E of 35.9 against an industry P/E of 23.1.
Mid cap
High beta
Key metrics
- Market cap
- ₹40,726 Cr
- Mid cap
- P/E
- 35.9
- Industry 23.1
- Price to book
- 12.20
- Peers 2.72
- Dividend yield
- 0.68%
- ROE
- 30.6%
- Peers 9.4%
- ROCE
- 34.5%
- Peers 17.8%
- Debt to equity
- 0.03
- Debt ₹111 Cr
- EPS (TTM)
- ₹11.74
- Face value ₹5
- OPM (TTM)
- 41.5%
- Net margin 32.5%
- Sales growth
- +81.4%
- Latest quarter vs a year ago
- Profit growth
- +162.5%
- Latest quarter vs a year ago
- Price to sales
- 11.64
- EV/EBITDA 22.8
Strengths and risks
Strengths
- Return on equity of 30.6%.
- Return on capital employed of 34.5%.
- Practically debt-free.
- Quarterly profit up 162.5% on a year ago.
- Quarterly sales up 81.4% on a year ago.
Risks to check
- P/E of 35.9 against an industry P/E of 23.1.
- 45% below its 52-week high.
- Promoter stake down from 66.1% to 60.1%.
About Hindustan Copper
Hindustan Copper Limited engages in the exploration, exploitation, mining, and processing of copper ore metal-in-concentrates in India. The company offers continuous cast copper rods, copper cathodes, copper concentrates, copper sulphates, sulphuric acid, reverts, anode slimes, and nickel cathodes. It is also involved in the beneficiation, smelting, and refining of copper ores, as well as conversion/tolling to convert cathode to copper wires. The…
- Headquarters
- Kolkata
- Employees
- 1,154
- Sector
- Basic Materials
- ISIN
- INE531E01026
- Website
- hindustancopper.com
Price range
- Avg volume (3M)
- 95 L
- 1-year return
- plus 28.6%
- From 52-week high
- minus 44.6%
Peers · Copper
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDCOPPERHindustan Copper | 421.15 | minus 1.45% | 40,726 | 35.9 | 26.7 | 34.5% | 41.5% | 0.03 | 22.5% | plus 28.6% |
| JTLDEFENCEJTL Defence | 496.30 | minus 1.99% | 522 | – | 137.6 | 0.4% | 15.9% | 0.34 | −5.7% | plus 650.4% |
| CUBEXTUBCubex Tubings | 191.43 | plus 2.00% | 274 | 26.3 | 47.3 | 15.2% | 3.6% | 0.52 | 14.7% | plus 105.4% |
| BHAGYANGRBhagyanagar India | 73.14 | minus 4.99% | 245 | 3.7 | 4.7 | 33.4% | 4.8% | 1.01 | 8.8% | minus 44.6% |
| BAROEXTBaroda Extrusion | 9.62 | minus 1.64% | 187 | 15.3 | 20.9 | 38.7% | 7.1% | 0.20 | 11.9% | plus 22.6% |
| MCLM TEK COPPER | 51.73 | minus 1.39% | 140 | 31.4 | 16.7 | 20.3% | 4.5% | 0.83 | – | plus 8.0% |
| RAJMETRajnandini Metal | 2.93 | minus 0.34% | 81 | – | – | – | 1.4% | 0.24 | – | minus 32.9% |
| SAGARDEEPSagardeep Alloys | 25.92 | minus 2.78% | 44 | 19.9 | 23.2 | 11.8% | 2.5% | 0.38 | 11.2% | minus 7.2% |
| Median of 7 peers | – | −1.64% | 187 | 19.9 | 22.0 | 17.8% | 4.5% | 0.38 | 11.2% | 8.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 516 | 718 | 687 | 1,156 | 937 | |
| 346 | 480 | 491 | 596 | 479 | |
| 171 | 238 | 197 | 560 | 458 | |
| 33.1% | 33.2% | 28.6% | 48.5% | 48.9% | |
| 10.3 | 10.9 | 18 | 32.7 | 17.1 | |
| 1.6 | 0.4 | 2 | 0.8 | 3.2 | |
| 179 | 249 | 213 | 592 | 472 | |
| 25.1% | 25.2% | 26.5% | 25.0% | 25.3% | |
| 134 | 184 | 156 | 444 | 352 | |
| 1.39 | 1.89 | 1.62 | 4.59 | 3.64 |
Profit & loss
- Sales CAGR 3Y
- +22.5%
- Profit CAGR 3Y
- +45.9%
- EPS CAGR 3Y
- +45.9%
- ROE
- 30.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,665 | 1,705 | 2,059 | 3,064 | |
| – | +2.4% | +20.8% | +48.8% | |
| 1,132 | 1,136 | 1,252 | 1,566 | |
| 533 | 569 | 807 | 1,498 | |
| 32.0% | 33.4% | 39.2% | 48.9% | |
| 33.6 | 40.7 | 27.3 | 45.9 | |
| 7.5 | 8.9 | 2.1 | 0.3 | |
| 175 | 175 | 176 | 200 | |
| 11.7 | −15.1 | −24.2 | −110 | |
| 396 | 411 | 632 | 1,233 | |
| 25.4% | 28.0% | 26.1% | 25.3% | |
| 295 | 295 | 465 | 919 | |
| – | minus 0.1% | +57.5% | +97.5% | |
| 3.06 | 3.05 | 4.81 | 9.50 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 484 | 484 | 484 | 484 | |
| 1,599 | 1,802 | 2,177 | 2,859 | |
| 157 | 223 | 167 | 111 | |
| 746 | 762 | 673 | 963 | |
| 2,985 | 3,270 | 3,501 | 4,416 | |
| 2,045 | 2,331 | 2,488 | 2,655 | |
| 731 | 917 | 766 | 741 | |
| 11.4 | 15.8 | 11.8 | 11.8 | |
| 301 | 74.1 | 67.8 | 808 | |
| −103 | −67.4 | 168 | 199 | |
| 2,985 | 3,270 | 3,501 | 4,416 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 674 | 341 | 544 | 1,474 | |
| −337 | −525 | −402 | −434 | |
| −339 | −38.6 | −152 | −299 | |
| −3.2 | −222 | −10.3 | 741 | |
| −347 | −534 | −420 | −456 | |
| 326 | −193 | 124 | 1,017 | |
| −112 | −89 | −89 | −238 |
Shareholding pattern
- Promoters60.14%
- Public39.86%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.14% | 39.86% | minus 6.00 | |
| 30 Jun 2026 | 66.14% | 33.86% | 0.00 | |
| 31 Mar 2026 | 66.14% | 33.86% | 0.00 | |
| 31 Dec 2025 | 66.14% | 33.86% | 0.00 | |
| 30 Sep 2025 | 66.14% | 33.86% | – |
Major shareholders
Filings & events
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