Hindustan Copper Ltd (HINDCOPPER) AI Stock Analysis

• Market Cap: ₹557.05B
• Dividend Yield: 0.33%
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): 80.2
• Beta (1Y): 1.60
• Revenue Growth: 16.05%
• EPS Growth: 41.18%
• Country: IN
• Employees: 1,302
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 1.62
• 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): 5.5
• Revenue Forecast (FY): ₹27.66B

• Rating: 73 Outperform
• Price Target: ₹681.00 ▲(56.01% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is driven primarily by strong financial performance and bullish technical trends (price above major moving averages with positive MACD). The main offset is valuation risk, with a very high P/E and low dividend yield.

Positive Factors

Vertical integration

Owning the full value chain from mining to refining gives Hindustan Copper structural cost and margin advantages versus pure-play miners. Integrated operations reduce third-party processing risk, support higher recovery capture, and improve long-term margin resilience across commodity cycles.

Strong balance sheet

A high equity ratio and low leverage provide durable financial flexibility for capital-intensive mine development and maintenance. Conservative balance sheet positioning reduces refinancing risk, supports capex funding and cushions cash flow shocks common in mining cycles.

Improving cash generation

Sustained improvement in operating and free cash flow underpins self-funded capex, deleveraging and potential reinvestment into reserves or processing capacity. Strong cash conversion strengthens long-term operational resilience and strategic optionality.

Negative Factors

Commodity price exposure

Revenue and profitability are structurally tied to global copper prices and spreads. Prolonged price weakness or adverse premiums compress margins and cash flow, limiting the company's ability to sustain capex and dividends during extended commodity downturns.

Operational and cash flow volatility

Past swings in gross profit and free cash flow indicate operational sensitivity to ore grades, recoveries and cost inputs. This volatility complicates long-term planning, can delay project returns and raises execution risk for expansion or modernization spending.

State ownership / governance constraints

Government ownership can provide policy support and access to permits but may also impose slower decision-making, political priorities or constrained capital allocation. These governance factors can limit agility in strategic moves and responsiveness to market opportunities.

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 fundamentals: revenue and profitability improved, the balance sheet shows high equity and low leverage, and operating/free cash flow grew. Key watch-outs are prior gross profit decline and historical free cash flow volatility.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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: Positive
• RSI: Neutral
• STOCH: Neutral

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 584.44, below the 50-day MA of 553.01, and above the 200-day MA of 353.38, indicating a neutral trend. The MACD of 3.74 indicates Positive momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 65.36 is Neutral, 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	₹666.33B	9.05	―	3.62%	30.80%	97.08%
GMDCLTD	78 Outperform	₹168.46B	35.77	―	1.91%	-0.96%	57.80%
HINDCOPPER	73 Outperform	₹557.05B	80.20	―	0.33%	16.05%	41.18%
PCBL	68 Neutral	₹116.19B	1,460.95	―	1.94%	6.12%	-30.31%
SHYAMMETL	66 Neutral	₹234.16B	29.89	―	0.77%	18.36%	13.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KIOCL	45 Neutral	₹196.94B	336.52	―	―	-39.14%	-12.75%

Hindustan Copper Ltd Corporate Events

Hindustan Copper Updates Key Managerial Personnel Authorised for Market Disclosures

Hindustan Copper Ltd has updated the stock exchanges on the current list of key managerial personnel (KMP) authorised to determine materiality of events and information and to make regulatory disclosures under SEBI’s Listing Obligations and Disclosure Requirements. The company has reaffirmed its chairman and managing director, director (operations) with additional charge of director (mining), director (finance) & CFO, and company secretary & compliance officer as the designated executives for these purposes, signaling its intent to maintain compliance continuity and clear accountability in market disclosures following recent changes in KMP positions.

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.