Price Target Changed • May 19
Price target increased by 10% to ₹715 Up from ₹650, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ₹570. Stock is up 153% over the past year. The company is forecast to post earnings per share of ₹17.50 for next year compared to ₹9.50 last year. Reported Earnings • May 17
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹9.50 (up from ₹4.81 in FY 2025). Revenue: ₹31.5b (up 52% from FY 2025). Net income: ₹9.19b (up 98% from FY 2025). Profit margin: 29% (up from 23% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Hindustan Copper Limited to Report Q4, 2026 Results on May 15, 2026 Hindustan Copper Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 15, 2026 Buy Or Sell Opportunity • Mar 16
Now 21% undervalued Over the last 90 days, the stock has risen 29% to ₹478. The fair value is estimated to be ₹603, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 188% in 2 years. Earnings are forecast to grow by 297% in the next 2 years. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹1.62 (vs ₹0.65 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.62 (up from ₹0.65 in 3Q 2025). Revenue: ₹7.05b (up 115% from 3Q 2025). Net income: ₹1.56b (up 149% from 3Q 2025). Profit margin: 22% (up from 19% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Jan 29
Hindustan Copper Limited to Report Q3, 2026 Results on Feb 05, 2026 Hindustan Copper Limited announced that they will report Q3, 2026 results at 3:30 PM, Indian Standard Time on Feb 05, 2026 Buy Or Sell Opportunity • Dec 30
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 59% to ₹533. The fair value is estimated to be ₹430, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 155% in 2 years. Earnings are forecast to grow by 195% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹437, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 307% over the past three years. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹1.89 (vs ₹1.05 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.89 (up from ₹1.05 in 2Q 2025). Revenue: ₹7.27b (up 40% from 2Q 2025). Net income: ₹1.84b (up 81% from 2Q 2025). Profit margin: 25% (up from 20% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Hindustan Copper Limited to Report Q2, 2026 Results on Nov 11, 2025 Hindustan Copper Limited announced that they will report Q2, 2026 results on Nov 11, 2025 New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Sep 26
Hindustan Copper Limited Approves Dividend for the Financial Year 2024-25 Hindustan Copper Limited at the Annual General Meeting held on 25 September, 2025 approved declaration of dividend on equity shares for the Financial Year 2024-25. The Board of Directors of Company recommended payment of dividend equivalent to 29.20% on paid-up capital of the Company INR 1.46 per share on INR 5 face value for the year 2024-25. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹289, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 151% over the past three years. Declared Dividend • Aug 31
Dividend increased to ₹1.46 Dividend of ₹1.46 is 59% higher than last year. Ex-date: 18th September 2025 Payment date: 25th October 2025 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
Hindustan Copper Limited, Annual General Meeting, Sep 25, 2025 Hindustan Copper Limited, Annual General Meeting, Sep 25, 2025, at 10:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹1.39 (vs ₹1.17 in 1Q 2025) First quarter 2026 results: EPS: ₹1.39 (up from ₹1.17 in 1Q 2025). Revenue: ₹5.27b (up 6.7% from 1Q 2025). Net income: ₹1.34b (up 18% from 1Q 2025). Profit margin: 26% (up from 23% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Hindustan Copper Limited to Report Q1, 2026 Results on Aug 13, 2025 Hindustan Copper Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹4.81 (vs ₹3.05 in FY 2024) Full year 2025 results: EPS: ₹4.81 (up from ₹3.05 in FY 2024). Revenue: ₹21.5b (up 25% from FY 2024). Net income: ₹4.65b (up 57% from FY 2024). Profit margin: 22% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 27
Hindustan Copper Limited Recommends Payment of Dividend for Financial Year 2024-25 Hindustan Copper Limited announced that at the board meeting held on May 27, 2025, the board recommended payment of dividend for financial year 2024-25 is INR 1.46 per share of the face value of INR 5/- each for approval of shareholders in the forthcoming Annual General Meeting (AGM) of the Company. The date of payment of dividend shall be intimated after approval of dividend in the AGM separately. Announcement • May 17
Hindustan Copper Limited to Report Q4, 2025 Results on May 27, 2025 Hindustan Copper Limited announced that they will report Q4, 2025 results on May 27, 2025 Announcement • Apr 01
Hindustan Copper Limited Appoints Avinash Janardan Bhide as Non- Official (Independent) Director The Ministry of Mines, Government of India vide Order No. Met. 3-101212020-Met.III dated April 1, 2025 has appointed Shri Avinash Janardan Bhide as Non- Official (independent) Director on the Board of Hindustan Copper Ltd. for a period of one year from the date of notification of his appointment, or until further orders, whichever is earlier. Shri Avinash Janardan Bhide has been appointed as Non-Official (Independent) Director of the Company for a period of one year w.e.f. the date of notification of appointment, or until further orders, whichever is earlier in terms of Ministry of Mines' Order No. Met. 3- 10/2/2020 -Met.III dated 01.04.2025. Born on 21.4.1960, Shri Avinash Janardan Bhide is B.Sc (Microbiology) and LLB. He is Practicing Advocate by profession and has over 39 years of experience. His primary area of practice includes Criminal Law and area of specialization includes Anti-corruption Laws, Pre-conception and Pre-Natal Diagnostic Techniques Act, 1994, Medical Negligence Laws, Consumer cases and cases under Maharashtra Control of Organized Crime Act, 1999 and Maharashtra Protection of Interests of Depositors Act, 1999. He regularly conducts series of lectures on Criminal Laws. Shri Bhide authored and published a book titled "Practical Hints for Criminal Trial" in 2019 and "Sukhanta Jeevanacha" in 2020. Shri Bhide is elected member of Bar Counsel of Maharashtra and Goa from 2010-19 and 2019-24 and Chairman in 2015 and 2019. Presently, he is serving as the Vice-Chairman and Governing Council Member of the Central Hindu Military Education Society, Nashik. Announcement • Mar 28
Sanjeev Kumar Sinha Assumes Additional Post of Director (Mining) of Hindustan Copper Limited, Effective March 28, 2025 Hindustan Copper Limited informed that Dr. Sanjeev Kumar Sinha, Director (0perations), Hindustan Copper Ltd. (HCL) has assumed additional charge of the post of Director (Mining), HCL with effect from March 28, 2025 in terms of Order No. Met3-10/1/2020- METAL III dated March 27, 2025 issued by the Ministry of Mines, Government of India. Dr. Sanjeev Kumar Sinha has joined as Director (Operations) of Hindustan Copper Ltd. with effect from March 09, 2025 in terms of Order No. Met.3-10/4/2023-Met. III dated March 7, 2025 issued by the Ministry of Mines, Government of India. Dr. Sanjeev Kumar Sinha is Mining Engineering from Nagpur University, 1st Class Manager under MMR 1961 and MBA (HR) from IGNOU. He has completed PhD in Mining Engineering from IIT(ISM) Dhanbad in 2018. Research work of Dr. Sanjeev Kumar Sinha on "Planning Strategies for Enhancing Mine Life vis-a-vis NPV for an Heterogenous Iron Ore Deposit" relates to today's growing shortage of minerals and increasing life of Mine in Mining Project, which needs accurate estimation and proper planning. Dr. Sinha is having more than 25 years of experience in NMDC Ltd., a highly successful Mining Organization where he was Head of Mine Planning and Chief of Internal Safety Organization and involved in Planning, Production, Processing, Lease acquisition, additional area allotments etc. From the initial days as a Blasting Engineer, he played a vital role in establishing use of SME Explosive to Planning Engineer for use of Mine Planning Software Surpac, MineSched and Whittle. During his career at NMDC Ltd., he got ample opportunities and delivered accordingly in Drilling & Blasting, Production, and development of Mines at Bailadila Depoisit-14, Deposit 11C, Deposit- 10/11A, Donimalai Iron Ore mine, Desk officer for Development of NCL, appointment of MDO and handling Large Contracts. He has worked towards preparation of Vision Plan for 100 MTPA production of Iron Ore by 2030 from NMDC Ltd. and has prepared TEFRs for projects having estimated cost around INR 270,000 million. Dr. Sinha was associated with Asia only Mechanized Mines of Diamond i.e. DMP Panna of NMDC Ltd, developed "License to Operate Software" for tracking legal compliance. He was associated with Digital initiatives like ERP and establishment of Fleet Management System. Dr. Sinha was also associated with NACRI to develop Indian Mineral Industry Code (IMIC) as per CRIRSCO guidelines and is an active member of MEAI. MEAI. Dr. Sinha has presented several technical papers in National and International Seminars and presented a case study on reserve estimation complications in a heterogeneous iron ore body, at World Mining Congress Astana Kazakhstan June 2018 and Pit Optimization for Improved NPV and Life of Mine in Heterogeneous Iron Ore Deposit at World Mining Congress Brisbane 2023. He has also attended PDAC 2023 in Canada. Announcement • Mar 22
Hindustan Copper Limited Announces Managing Director Changes Hindustan Copper Limited announced that the Ministry of Mines, Government of India has appointed Shri Sanjiv Kumar Singh, Director (Mining), as Managing Director of Hindustan Copper Ltd. (HCL) from the date of assumption of charge of the post till the date of his superannuation which is June 30, 2026, or until further orders, whichever is earlier. Shri Sanjiv Kumar Singh has assumed charge of the post of Chairman and Managing Director, Hindustan Copper Ltd. on March 21, 2025 (A/N). Consequent upon joining of Shri Sanjiv Kumar Singh, Shri Ghanshyam Sharma ceases to hold Additional Charge of the post of Chairman and Managing Director, HCL effective March 21, 2025 (A/N) and will continue as Director (Finance) and Chief Financial Officer of HCL. Shri Sanjiv Kumar Singh has assumed charge of the post of Chairman and Managing Director, Hindustan Copper Ltd. (HCL) effective March 21, 2025, dated March 21, 2025 issued by the Ministry of Mines, Government of India. Prior to assumption of charge of the post of Chairman and Managing Director, HCL, Shri Singh was holding post of Director (Mining), HCL effective March 26, 2022 and additional charge of the post of Director (Operations), HCL from July 1, 2024 to March 8, 2025. Shri Singh is also Director on the Board of Chhattisgarh Copper Ltd. with effect from August 6, 2024. Shri Sanjiv Kumar Singh is B. Tech and M. Tech in Open Cast Mining from Indian School of Mines, Dhanbad and MBA (Finance) from BIT Mesra, Ranchi. Shri Singh started his career in CMPDIL in the year 1987 and thereafter he has held several key positions in CMPDIL and later in the year 2008, he joined NTPC Limited as HOD Mine planning & Design. He did planning & Design of NTPC coal Blocks and trained the mining team on various software related to Mining. Shri Singh has got rich and varied experience spanning over 38 years in public sector companies in mine planning and design, preparation of MDO document, statutory clearance, evaluation of tenders and financial appraisal of the Projects. Prior to joining HCL, Shri Singh was General Manager (Coal Mining) in NTPC Ltd. Shri Singh has visited Indonesia & Australia regarding the acquisition of coal blocks for NTPC. He has also been a part of Indian delegation of India-Australia Energy Security Dialogue, held in Australia during February 2016. Announcement • Mar 20
Hindustan Copper Limited Appoints Shri Ashish Saxena as Government Nominee Director, Effective Immediately The Ministry of Mines, Government of lndia vide Order No. F. No. 10/2/2002-Met.lll dated 'March 19, 2025 (copy enctosed) has nominated Shri Ashish Saxena, Deputy Secretary, Ministry of Mines vice Shri Rabindra Prasad Gupta, Ex-Director, Ministry of Mines as Government Nominee Director on the Board of Hindustan Copper Ltd. (HCL) with immediate effect. Dr. Ashish Saxena, an Indian Statistical Service, 2012 Batch, is presently working as Deputy Secretary, Government of India. Previously, Dr. Saxena was Director, Co-ordination & Quality Control Division (C&QCD), National Statistics Office, Ministry of Statistics & Programme Implementation (MoSPI), Government of India and Deputy Director, Ministry of Rural Development. During his service Dr. Saxena handled Prime Minister Office Road map for strengthening the Indian Statistical System, allocation and monitoring of funds available for Nation Sample Surveys under the Capacity Development Scheme, allocation of funds to the North Eastern States under the Grant-in-Aid component of the Capacity Development Scheme for data collection work of NSS surveys, Project, Planning & Monitoring of all the schemes of MoRD such as PMAY-G, PMGSY, MGNREGA, NSAP, SAGY and others. Dr. Saxena is B.Sc. (in Statistics, Mathematics & Physics), M.Sc. (in Statistics) and Ph.D. (in Statistics). His Topic of Research was Determinants and consequences of circular migration in India with reference to Rajasthan. Announcement • Mar 11
Hindustan Copper Limited Announces Cessation of Shri Rabindra Prasad Gupta as Part Time Official Director Hindustan Copper Limited announced cessation of Shri Rabindra Prasad Gupta as part time official Director on the Board after his superannuation on February 28, 2025. Announcement • Mar 10
Hindustan Copper Ltd Appoints Shri Sanjeev Kumar Sinha as Director(Operations) The Ministry of Mines, government of lndia has appointed Shri Sanjeev Kumar Sinha, Deputy general Manager (DGM), NMDC Ltd, as Director (Operations) in Hindustan Copper Ltd. for a period of five years from the date of his assumption of charge of the post, or until further orders, whichever is earlier. Shri Sanjeev Kumar Sinha has assumed charge of the post of Director (0perations), Hindustan Copper Ltd. from 9th March, 2025. Shri Sinha is not related to any of the Members of the Board of Directors or Key Managerial Personnel of the Company or their relatives. He is also not debarred from holding the office of director by virtue of any SEBI order or any other such authority. Dr Sanjeev Kumar Sinha is Mining Engineering from Nagpur University, 1st Class Manager under MMR '1961 and MBA (HR) from lcNOU. He has completed phD in Mining Engineering from llT(lSM) Dhanbad in 2018. Research work of Dr Sanjeev Kumar Sinha on "Planning Strategies for Enhancing Mine Life vis-a-vis NPV for an Heterogenous lron Ore Deposit" relates to today's growing shortage of minerals and increasing life of Mine in Mining Project, which needs accurate estimation and proper planning. Dr. Sinha is having more than 25 years of experience in NMDC Ltd., a highly successful Mining Organization where he was Head of Mine Planning and Chief of lnternal Safety Organization and involved in Planning, Production, Processing, Lease acquisition, additional area allotments etc. From the initial days as a Blasting Engineer, he played a vital rote in establishing use of SME Explosive to Planning Engineer for use of Mine Planning Software Surpac, MineSched and Whittle. During his career at NMDC Ltd., he got ample opportunities and delivered accordingly in Drilling & Blasting, Production, and development of Mines at Bailadita Depoisit-14, Deposit 11C, Deposit- '10/11A, Donimalai lron Ore mine, Desk officer for Development of NCL, appointment of MDO and handling Large Contracts. He has worked towards preparation of Vision Plan for 100 MTPA production of lron Ore by 2030 from NMDC Ltd. and has prepared TEFRs for projects having estimated cost around INR 27,000 crore. Dr Sinha was associated with Asia only Mechanized Mines of Diamond i.e. DMP Panna of NMDC Ltd, developed "License to Operate Software" for tracking legal compliance. He was associated with Digital initiatives tike ERP and establishment of Fleet Management System. Shri Sinha was a[so associated with NACRI to develop lndian Mineral lndustry Code (lMlC) as per CRIRSCO guidelines and is an active member of MEAI. Dr Sinha has presented several technical papers in National and lnternational Seminars and presented a case study on reserve estimation complications in a heterogeneous iron ore body, at World Mining Congress Astana Kazakhstan June 2018 and Pit Optimization for improved NPV and Life of Mine in Heterogeneous lron Ore Deposit at World Mining Congress Brisbane 2023. He has also attended PDAC 2023 in Canada. Announcement • Feb 10
Hindustan Copper Limited Announces Change in Company Secretary and Compliance Officer The Board of Hindustan Copper Limited designated Shri Mritunjay Kumar Dev, Senior Manager (Company Secretary) as the 'Company Secretary and Compliance Officer' of Hindustan Copper Ltd. post expiry of tenure of existing 'Company Secretary and Compliance Officer', Shri C S Singhi, effective April 03, 2025 or immediately after separation of Shri Singhi, whichever is earlier, at its board of directors meeting held on February 8, 2025. Shri Mritunjay Kumar Dev is a Fellow Member of the Institute of Company Secretaries of India, B. Com (H) and LLB. Shri Dev joined Hindustan Copper Ltd. (HCL) in December, 2015 and presently holding the post of Senior Manager (Company Secretary), HCL. He is also Company Secretary of Chhattisgarh Copper Ltd, a Joint Venture and Subsidiary of HCL. Shri Mritunjay Kumar Dev possess around 16 years of experience in the field of Company Law, SEBI Regulations, Corporate Governance and other Secretarial functions. Prior to joining the HCL, Shri Dev had worked as Deputy Company Secretary in Broadcast Engineering Consultants India Ltd. and as Company Secretary in Technico Industries Ltd. and Technico Kongsberg Automotive India Ltd. He is not related to any of the Directors and Key Managerial Personnel of HCL. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹0.65 (vs ₹0.65 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.65 (in line with 3Q 2024). Revenue: ₹3.44b (down 14% from 3Q 2024). Net income: ₹628.7m (flat on 3Q 2024). Profit margin: 18% (up from 16% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Hindustan Copper Limited to Report Q3, 2025 Results on Feb 08, 2025 Hindustan Copper Limited announced that they will report Q3, 2025 results at 3:30 PM, Indian Standard Time on Feb 08, 2025 Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Part Time Non-Official Director Hemlata Verma was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 31
Hindustan Copper Limited to Report Q2, 2025 Results on Nov 11, 2024 Hindustan Copper Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Oct 07
Hindustan Copper Limited Announces Resumption of Surda Mine Operations Hindustan Copper Limited announced resumption of Surda Mine operations. The resumption of Surda Mine operation is a signifrcant step towards making the nation self reliant in Copper. Surda Mine operation will generate employment, revive the local economy and generate about INR 1,000 million revenue per annum. HCL has plans to enhance the mining capacity of Surda mine from the current level of 0.4 mtpa to 0,9 mtpa in the next seven years. Jharkhand Cabinet has approved lease extension for the Kendadih and Rakha on September 20, 2024. Reopening of Kendadih and Rakha mines is on the cards this year which will lead to 2,000 direct employment and 10,000 indirect employment among the local populace and triple the production of lndian Copper Complex. With the cooperation of Jharkhand Government and Central Ministry officials the extension of Surda Mining Lease was approved by Cabinet of Jharkhand Government on August 29, 2024 and the lease deed was executed on September 26, 2024.
. Declared Dividend • Sep 04
Dividend of ₹0.92 announced Dividend of ₹0.92 is the same as last year. Ex-date: 19th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 30
Hindustan Copper Limited, Annual General Meeting, Sep 26, 2024 Hindustan Copper Limited, Annual General Meeting, Sep 26, 2024, at 10:30 Indian Standard Time. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹1.17 (vs ₹0.49 in 1Q 2024) First quarter 2025 results: EPS: ₹1.17 (up from ₹0.49 in 1Q 2024). Revenue: ₹5.00b (up 35% from 1Q 2024). Net income: ₹1.13b (up 140% from 1Q 2024). Profit margin: 23% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Hindustan Copper Limited to Report Q1, 2025 Results on Aug 12, 2024 Hindustan Copper Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • Jul 01
Sanjiv Kumar Singh, Director (Mining) of Hindustan Copper Ltd Assume Additional Charge of Director (Operations) Hindustan Copper Limited informed that Shri Sanjiv Kumar Singh, Director (Mining), Hindustan Copper Ltd. has assumed additional charge of Director (Operations), Hindustan Copper Ltd. with effect from July 1, 2024 in terms of Office order No. 10-4-2019 mt. lll(Pt.) Part(1) dated June 27, 2024 issued by the Ministry of Mines, Government of India. Shri Singh is not related to any other Members of the Board of Directors of the Company or Key Managerial Personnel and their relatives. He is also not debarred from holding the office of director pursuant to any SEBI Order or any other authority. Born on June 5, 1966, Shri Sanjiv Kumar Singh is B. Tech and M. Tech in Open Cast Mining from Indian School of Mines, Dhanbad and MBA (Finance) from BIT Mesra, Ranchi. Shri Singh started his career in CMPDIL as Junior Executive Engineer in the year 1987 and thereafter he has held several key positions in CMPDIL and later on in NTPC Ltd. Shri Singh has got rich and varied experience spanning over 36 years in public sector companies in mine planning and design, preparation of MDO document, statutory clearance, evaluation of tenders and financial appraisal of the Projects. Prior to joining HCL, Shri Singh was General Manager (Coat Mining) in NTPC Ltd. New Risk • Jun 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹3.05 (vs ₹3.06 in FY 2023) Full year 2024 results: EPS: ₹3.05 (down from ₹3.06 in FY 2023). Revenue: ₹17.7b (up 5.6% from FY 2023). Net income: ₹2.95b (flat on FY 2023). Profit margin: 17% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Hindustan Copper Limited Recommends Dividend for Financial Year 2023-24 Hindustan Copper Limited announced that at the meeting of the Board Of Directors held on May 24, 2024, the Board has recommended payment of dividend for financial year 2023-24 INR 0.92 per equity share of the face value of INR 5 each for approval of shareholders in the forthcoming Annual General Meeting of the company. The date of payment of dividend shall be intimated after approval in the AGM separately. Announcement • May 16
Hindustan Copper Limited to Report Q4, 2024 Results on May 24, 2024 Hindustan Copper Limited announced that they will report Q4, 2024 results on May 24, 2024 Announcement • Mar 14
Hindustan Copper Limited Announces Change in Directorate Hindustan Copper Limited has nominated Shri Rabindra Prasad Gupta, Director, Ministry of Mines vice Shri Sanjeev Verma, Ex-Director, Ministry of Mines as part-time official Director on the Board of Hindustan Copper Ltd. with immediate effect and until further orders. Shri Sanjeev Verma accordingly ceases to be Director of Hindustan Copper Ltd. effective from March 13, 2024. Shri Rabindra Prasad Gupta is an allied officer of CSS cadre and presently working as Director in the Ministry of Mines, Government of India. He is looking after the Metal and R&D division of the Ministry. Before joining the Ministry of Mines, Shri Gupta worked in the New Delhi Municipal Council (NDMC) as Director Education and Estate Dept. for seven years. Earlier he was posted in the Ministry of Home Affairs and was taken after the work of the Central Para Military Forces. ln the early phase of his career, Shri Gupta was posted in the Ministry of Commerce and Industry and looked after the administrative matter i.e. licensing and foreign collaboration proposals of Automobile industry. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹235, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 91% over the past three years. Announcement • Feb 23
Hindustan Copper Limited Announces Executive Changes Hindustan Copper Limited announced that following executives have been promoted: Shri Shyam Sundar Sethi as ED & Unit Head, Indian Copper Complex. Shri Ghanshyam Das Gupta as ED & Unit Head, Khetri Copper Comptex. Shri Ravi Kumar Gupta as ED (Finance), Corporate office. Shri Shyam Sundar Sethi Graduated from NIT Rourkela in the year 1988 with Bachelor in Engineering in Metallurgical Engineering and joined in Hindustan Copper Limited as Graduate Engineer Trainee in the year 1989. Worked at different capacities in different level at Hindustan Copper Limited in Copper extraction including Mining, Smelting and Beneficiation. Worked 23 years at Khetri Copper Complex, Rajasthan, 5 years at Indian Copper Complex, Jharkhand, 4 years at Gujarat Copper Project, Gujarat and 2 years at Corporate for looking after Operation, Legal and HR. At present working at Indian Copper Complex looking after the mining activities as the Mines Agent and Unit Head for the total Project. Also, Shri Sethi is life member of Indian Institute of Metals, Council member of Bureau of Indian Standard. Ghanshyam Das Gupta has experience of around 29 years in mining industry, including Gold mining, iron-ore mining, cement industry, aggregate mining industry & presently from last seven years, working in copper-mining at Hindustan Copper Ltd. Shri Gupta had worked as Unit Head of Malanjkhand Unit of Hindustan Copper Ltd, where he played a key role in transformation of open cast mining to underground mining. Recently Shri Gupta has taken charge as Unit Head of Khetri Copper Complex and since then the Unit has scaled up in efficiency and production. Shri Ravi Kumar Gupta, is a qualified Chartered Accountant and Cost Accountant and has 33 years of post-qualification experience in the fields of Finance, Accounts, Taxation, Banking etc. He has worked in various CA firms, Citibank, Nalco earlier. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹0.65 (vs ₹0.83 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.65 (down from ₹0.83 in 3Q 2023). Revenue: ₹4.09b (down 27% from 3Q 2023). Net income: ₹630.0m (down 21% from 3Q 2023). Profit margin: 15% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 49% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹241, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 226% over the past three years. Announcement • Feb 06
Hindustan Copper Limited to Report Q3, 2024 Results on Feb 13, 2024 Hindustan Copper Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹218, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total returns to shareholders of 268% over the past three years. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ₹0.63 (vs ₹0.27 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.63 (up from ₹0.27 in 2Q 2023). Revenue: ₹3.93b (up 85% from 2Q 2023). Net income: ₹607.0m (up 135% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Hindustan Copper Limited to Report Q2, 2024 Results on Nov 10, 2023 Hindustan Copper Limited announced that they will report Q2, 2024 results on Nov 10, 2023 New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Oct 01
Hindustan Copper Limited Approves Payment of Dividend for Financial Year 2022-23 Hindustan Copper Limited approved payment of dividend for Financial Year 2022-23 of INR 0.92 per share of the face value of INR 5 each, payable on October 27, 2023 at the Annual General Meeting held on September 29, 2023. Announcement • Sep 20
Hindustan Copper Limited Appoints Shri Umesh Singh as Executive Director (Mining) Hindustan Copper Limited announced that Shri Umesh Singh has joined as Executive Director (Mining) on September 18, 2023 in terms of enclosed office order No. Estt./2/6311 dated September 18, 2023. Shri Singh falls under the category of 'senior Management. Shri Umesh Singh is a Mining Engineer possessing a B. Tech (Hons) in Mining Engineering from Indian institute of Technology Kharagpur, India (1993). Shri Singh also possesses 1st Class Manager's Certificate of Competency for Coal Mine issued by DGMS Dhanbad. He has more than 30 years of experience in mining operation, safety and management. Prior to joining Hindustan Copper Ltd, Shri Singh was Addl. General Manager (Mining), Pakri Barwadih Coat Mining Project, NTPC Limited. He has also worked in Thiess Indonesia, Abhijeet Group and GMDC Ltd. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.92 per share at 0.6% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 29 October 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%). Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹0.49 (vs ₹0.44 in 1Q 2023) First quarter 2024 results: EPS: ₹0.49 (up from ₹0.44 in 1Q 2023). Revenue: ₹3.85b (up 37% from 1Q 2023). Net income: ₹472.8m (up 14% from 1Q 2023). Profit margin: 12% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹151, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 314% over the past three years. Announcement • Aug 03
Hindustan Copper Limited to Report Q1, 2024 Results on Aug 14, 2023 Hindustan Copper Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 20
Full year 2023 earnings released: EPS: ₹3.06 (vs ₹3.87 in FY 2022) Full year 2023 results: EPS: ₹3.06 (down from ₹3.87 in FY 2022). Revenue: ₹17.7b (down 2.7% from FY 2022). Net income: ₹2.95b (down 21% from FY 2022). Profit margin: 17% (down from 21% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Hindustan Copper Limited Recommends Dividend for Financial Year 2022-23 Hindustan Copper Limited announced that at the meeting of the Board Of Directors held on May 19, 2023, the Board has recommended payment of dividend for financial year 2022-23 INR 0.92 per equity share of the face value of INR 5 each for approval of shareholders in the forthcoming Annual General Meeting of the company. The date of payment of dividend shall be intimated after approval in the AGM separately. Announcement • May 13
Hindustan Copper Limited to Report Q4, 2023 Results on May 19, 2023 Hindustan Copper Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 19, 2023 Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: ₹0.83 (vs ₹1.78 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.83 (down from ₹1.78 in 3Q 2022). Revenue: ₹5.69b (up 4.5% from 3Q 2022). Net income: ₹802.0m (down 53% from 3Q 2022). Profit margin: 14% (down from 32% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
Hindustan Copper Limited to Report Q3, 2023 Results on Feb 01, 2023 Hindustan Copper Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 01, 2023