Hindustan Copper Ltd
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. [1]
- Market Cap ₹ 55,411 Cr.
- Current Price ₹ 573
- High / Low ₹ 760 / 184
- Stock P/E 83.7
- Book Value ₹ 30.8
- Dividend Yield 0.27 %
- ROCE 23.7 %
- ROE 18.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 30.2%
Cons
- Stock is trading at 18.6 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Non - Ferrous Metals Copper
Part of BSE 500 BSE PSU Nifty 500 Nifty Smallcap 100 Nifty Metal
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,816 | 832 | 1,787 | 1,822 | 1,677 | 1,717 | 2,071 | 2,653 | |
| 1,310 | 1,074 | 1,375 | 1,310 | 1,185 | 1,170 | 1,333 | 1,648 | |
| Operating Profit | 506 | -242 | 411 | 512 | 492 | 547 | 738 | 1,005 |
| OPM % | 28% | -29% | 23% | 28% | 29% | 32% | 36% | 38% |
| 37 | 57 | 35 | 50 | 96 | 55 | 77 | 85 | |
| Interest | 60 | 62 | 64 | 30 | 17 | 17 | 8 | 6 |
| Depreciation | 253 | 291 | 295 | 150 | 175 | 175 | 176 | 185 |
| Profit before tax | 230 | -538 | 87 | 382 | 396 | 411 | 632 | 899 |
| Tax % | 37% | 6% | -26% | 2% | 25% | 28% | 26% | |
| 145 | -569 | 110 | 374 | 295 | 295 | 465 | 661 | |
| EPS in Rs | 1.57 | -6.16 | 1.19 | 3.87 | 3.06 | 3.05 | 4.81 | 6.85 |
| Dividend Payout % | 33% | 0% | 29% | 30% | 30% | 30% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 4% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 7% |
| TTM: | 64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 32% |
| 3 Years: | 77% |
| 1 Year: | 180% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 16% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 463 | 463 | 463 | 484 | 484 | 484 | 484 | 484 |
| Reserves | 1,174 | 497 | 627 | 1,428 | 1,599 | 1,802 | 2,177 | 2,498 |
| 1,070 | 1,564 | 1,137 | 409 | 156 | 223 | 167 | 142 | |
| 636 | 802 | 819 | 844 | 956 | 971 | 880 | 733 | |
| Total Liabilities | 3,343 | 3,326 | 3,046 | 3,164 | 3,194 | 3,479 | 3,708 | 3,857 |
| 317 | 337 | 322 | 282 | 1,326 | 1,430 | 1,731 | 1,837 | |
| CWIP | 1,022 | 1,232 | 1,179 | 683 | 731 | 917 | 766 | 740 |
| Investments | 0 | 0 | 1 | 1 | 10 | 29 | 27 | 25 |
| 2,005 | 1,757 | 1,544 | 2,199 | 1,127 | 1,102 | 1,183 | 1,255 | |
| Total Assets | 3,343 | 3,326 | 3,046 | 3,164 | 3,194 | 3,479 | 3,708 | 3,857 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 252 | 86 | 832 | 1,052 | 674 | 341 | 544 | |
| -587 | -430 | -364 | -404 | -337 | -525 | -402 | |
| 445 | 42 | 133 | -251 | -339 | -39 | -152 | |
| Net Cash Flow | 110 | -302 | 601 | 397 | -3 | -222 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 73 | 36 | 34 | 16 | 14 | 29 | 30 |
| Inventory Days | 1,176 | 409 | 602 | ||||
| Days Payable | 354 | 145 | 378 | ||||
| Cash Conversion Cycle | 894 | 36 | 298 | 239 | 14 | 29 | 30 |
| Working Capital Days | 69 | -96 | 18 | -19 | -29 | 35 | 56 |
| ROCE % | -18% | 6% | 18% | 18% | 18% | 24% |
Documents
Announcements
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Imposition Of Fine For Non-Compliance With Requirements Pertaining To Composition Of Board And Constitution Of Committees For The Quarter Ended 31.12.2025
1d - BSE and NSE fined Hindustan Copper Rs.9,77,040 each on 27.02.2026 for board and committee non-compliance.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Feb - Newspaper clipping of Notice to Shareholders regarding special window for Re-Lodgement of transfer requests of Physical Shares published in English and Bengali Newspaper.
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Disclosure Of Event Or Information Under Regulation 30 Of SEBI LODR Regulations, 2015
21 Feb - Hindustan Copper: Revisionary Authority stayed DMO demand; Jharkhand barred from coercive action until next hearing (21.02.2026)
-
Intimation Of ESG Rating By NSE Sustainability Ratings & Analytics Limited
20 Feb - NSE SRAL issued HCL FY2025 ESG Rating 55 (E44 S72 G52), report dated 20-Feb-2026.
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Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015
13 Feb - DMO Jamshedpur issued Rs.929,40,06,242 demand (12.02.2026) for Surda mine unauthorized production FY2000-01–2016-17; HCL denies.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Only Indian Company mining Copper[1]
HCL is the Sole vertically integrated producer of refined copper in India having facilities of mining, ore beneficiation, smelting, refining and extruding of copper rods. It owns all the operating mining leases of copper ore in India. It has access to about 45% of India’s copper ore reserves and resources as of FY25.
Resources & Reserves: 755.32 Million tonnes (estimated balance as on 01.04.2024)