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Swing Capital

Hindustan Copper Ltd

NSE: HINDCOPPER BSE: 513599Metal

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]

₹579
52W: ₹223 — ₹760
PE 56.6 · Book ₹34.6 · +1573% vs book
Market Cap₹56,025 Cr
Stock P/E56.6Price to Earnings
ROCE42.4%Return on Capital
ROE32.9%Return on Equity
Div. Yield0.26%Face Value ₹5

Strengths

  • +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

  • −Stock is trading at 16.9 times its book value

Shareholding Pattern

Promoters66.14%
FIIs6.34%
DIIs5.39%
Public22.14%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters66.14%66.14%66.14%66.14%66.14%66.14%66.14%66.14%
FIIs3.22%3.3%▲0.13.41%▲0.13.27%▼0.13.71%▲0.45.05%▲1.36.56%▲1.56.34%▼0.2
DIIs9.34%9.24%▼0.19.06%▼0.28.57%▼0.58.24%▼0.36%▼2.25.57%▼0.45.39%▼0.2
Public21.3%21.32%▲0.021.38%▲0.122%▲0.621.9%▼0.122.79%▲0.921.72%▼1.122.14%▲0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales3995654945183287315167186871,156
Expenses293340305366220465304436347528
Operating Profit107226188152108267212282340628
OPM %27%40%38%29%33%36%41%39%50%54%
Net Profit6312411310263191134186156444
EPS ₹0.651.291.171.050.651.971.391.921.624.59

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3,078Cr, up 48.6% YoY. OPM at 48%.

Debt Position

Borrowings at ₹111Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Capex Cycle

CWIP at ₹741Cr (39% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 5.39% (-10.50pp change). FIIs: 6.34% (+4.54pp change). Promoters hold 66.14%.

Margin & Efficiency

ROCE improving from 4% (Mar 2015) to 42% (Mar 2026). Working capital days: -28.

Valuation

PE 56.6x with 42.4% ROCE. Price is 1573% above book value of ₹34.6. Dividend yield: 0.26%.

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