Hindustan Copper Ltd (HINDCOPPER) AI Stock Analysis

• Market Cap: ₹663.91B
• Dividend Yield: 0.33%
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): 116.9
• Beta (1Y): 1.75
• Revenue Growth: 16.05%
• EPS Growth: 41.18%
• Country: IN
• Employees: 1,302
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 1.90
• Shares Outstanding: 967,024,050
• 10 Day Avg. Volume: 970,056
• 30 Day Avg. Volume: 1,022,369
• PEG Ratio: 0.80
• Price to Book (P/B): 8.07
• Price to Sales (P/S): 10.37
• P/FCF Ratio: 58.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹769.00 ▲(76.17% Upside)

Score is driven by strong financial performance and bullish technical momentum (price well above key moving averages with a positive MACD). The main offset is valuation risk from a very high P/E and a very low dividend yield.

Positive Factors

Improving revenue and margins

Consistent revenue growth and margin improvements indicate the company is executing operationally. Higher gross and net margins provide durable earnings power, enabling reinvestment in mining capacity, better coverage of fixed costs, and resilience across commodity cycles.

Conservative balance sheet

Low leverage and a high equity ratio give the company financial flexibility to fund capital-intensive mine and plant investments, absorb cyclical commodity shocks, and prioritize organic growth or debt reduction without relying on costly external financing.

Strong cash generation

Positive free cash flow growth and rising operating cash flows aligned with net income signal high-quality cash generation. Durable FCF supports sustained capex, maintenance of processing assets, and provides a buffer to manage commodity-driven revenue swings over time.

Negative Factors

Commodity and operational exposure

Revenue and profitability are structurally tied to copper prices, ore grades, and recovery rates. This leaves earnings exposed to commodity cycles and geological variability, creating persistent revenue and margin volatility absent price hedging or diversified products.

Historical free cash-flow volatility

Management highlights past free-cash-flow volatility despite recent improvements. Recurring swings in cash generation can disrupt multi-year capex plans, limit consistent returns to shareholders, and force financing at inopportune times, weakening strategic execution.

Prior gross profit decline

A prior-year gross profit decline signals that operational or input-cost pressures have materially impacted margins. If recovery rates, ore quality, or processing costs worsen again, margin sustainability and long-term profitability could be constrained despite recent margin improvements.

Hindustan Copper Ltd Business Overview & Revenue Model

Company Description

Hindustan Copper Limited exploration, exploitation, and mining of copper and copper ores in India. It also engages in the beneficiation, smelting, and refining of minerals. The company offers continuous cast copper rods, copper cathodes, copper concentrates, copper sulfate, sulphuric acid, reverts, anode slime, and nickel cathodes. It also exports its products. The company was incorporated in 1967 and is based in Kolkata, India.

How the Company Makes Money

Hindustan Copper Ltd generates revenue primarily through the sale of copper metal, which is produced from its mining operations and smelting facilities. The company's revenue model is based on the extraction of copper ore, followed by processing to produce refined copper, which is then sold to various industries, including electrical, construction, and automotive sectors. Key revenue streams include the sale of copper concentrate, refined copper, and by-products such as sulfuric acid. Additionally, HINDCOPPER benefits from strategic partnerships and contracts with domestic and international buyers, which help stabilize its market presence and pricing. Factors contributing to its earnings also include fluctuations in global copper prices, government policies related to mining and mineral resources, and operational efficiency in its mining and production processes.

Hindustan Copper Ltd Financial Statement Overview

Summary

Strong overall financials: solid revenue growth, improved gross and net margins, and positive operating/free cash flow growth. Balance sheet is stable with high equity and low leverage, though prior gross profit decline and historical free cash flow volatility are items to monitor.

Income Statement

Hindustan Copper Ltd has shown strong revenue growth over the past year with a significant increase in total revenue. The gross profit margin improved substantially, reflecting efficient production and cost management. Net profit margin has also increased, indicating enhanced profitability. However, the company experienced a decline in gross profit in the previous year, which warrants attention.

Balance Sheet

The balance sheet of Hindustan Copper Ltd reveals a solid equity position with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting conservative leverage. The return on equity has improved, reflecting better utilization of equity. Despite these strengths, the company should monitor its liabilities to ensure continued financial health.

Cash Flow

The company has shown positive free cash flow growth, which is a positive sign of cash generation capabilities. Operating cash flow has increased significantly, aligning well with net income, reflecting efficient cash management. However, past volatility in free cash flow should be closely monitored to maintain a stable cash flow position.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.94B	20.71B	17.17B	16.65B	18.04B	17.87B
Gross Profit	17.07B	13.20B	16.94B	7.67B	8.98B	6.90B
EBITDA	7.53B	8.15B	5.94B	5.78B	5.36B	4.47B
Net Income	4.86B	4.65B	2.95B	2.95B	3.74B	1.10B
Balance Sheet
Total Assets	0.00	35.01B	32.70B	29.85B	29.55B	28.38B
Cash, Cash Equivalents and Short-Term Investments	681.10M	677.67M	740.50M	3.01B	3.66B	107.79M
Total Debt	0.00	1.67B	2.23B	1.57B	4.09B	11.37B
Total Liabilities	-26.61B	8.40B	9.85B	9.03B	10.43B	17.49B
Stockholders Equity	26.61B	26.61B	22.85B	20.82B	19.11B	10.89B
Cash Flow
Free Cash Flow	0.00	3.69B	-1.93B	3.26B	6.32B	4.65B
Operating Cash Flow	0.00	5.47B	2.92B	6.74B	10.52B	8.31B
Investing Cash Flow	0.00	-4.13B	-4.76B	-3.37B	-4.04B	-3.64B
Financing Cash Flow	0.00	-1.45B	-386.44M	-3.39B	-2.51B	1.33B

Hindustan Copper Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 436.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDCOPPER, the sentiment is Positive. The current price of 436.5 is below the 20-day moving average (MA) of 569.13, below the 50-day MA of 462.22, and above the 200-day MA of 318.37, indicating a bullish trend. The MACD of 51.87 indicates Negative momentum. The RSI at 68.02 is Neutral, neither overbought nor oversold. The STOCH value of 87.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HINDCOPPER.

Hindustan Copper Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NATIONALUM	84 Outperform	₹706.55B	11.50	―	3.62%	30.80%	97.08%
GMDCLTD	78 Outperform	₹183.77B	18.31	―	1.91%	-0.96%	57.80%
HINDCOPPER	74 Outperform	₹663.91B	116.87	―	0.33%	16.05%	41.18%
SHYAMMETL	66 Neutral	₹239.69B	24.63	―	0.77%	18.36%	13.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PCBL	60 Neutral	₹104.58B	28.76	―	1.94%	6.12%	-30.31%
KIOCL	45 Neutral	₹219.34B	-157.12	―	―	-39.14%	-12.75%

Hindustan Copper Ltd Corporate Events

Hindustan Copper Emerges Preferred Bidder for Madhya Pradesh Copper Block

Hindustan Copper Ltd has been declared the preferred bidder for a composite licence covering the Baghwari-Khirkhori copper and associated mineral block in Madhya Pradesh, after submitting the highest final price offer in a forward e-auction conducted by the state’s Directorate of Geology and Mining. The win strengthens the company’s resource base and potential future production pipeline in a key mineral-rich state, underscoring its strategic push to secure additional copper reserves that could enhance long-term supply security and support its growth ambitions in India’s metals sector.

Hindustan Copper Restarts Underground Mining at Kendadih Copper Mine in Jharkhand

Hindustan Copper Ltd has announced the successful commencement of underground mining operations at its Kendadih Copper Mine in Ghatshila, Jharkhand, as of 15 January 2026. The restart of this unit marks an expansion of the company’s active mining footprint and is likely to enhance its domestic copper ore availability, supporting higher production capacity and potentially strengthening its position in India’s copper supply chain, with implications for improved operational scale and resource security for stakeholders.