Hindustan Copper Ltd - Stock Valuation and Financial Performance

BSE: 513599 | NSE: HINDCOPPER | Metal - Non Ferrous | Small Cap

Hindustan Copper Share Price

274.60 -10.40 -3.65%
as on 28-Mar'24 15:25

DeciZen - make an informed investing decision on Hindustan Copper

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Hindustan Copper stock performance -

mw4me loader
P/E Ratio (SA):
90.89
Market Cap:
27,560.2 Cr.
52-wk low:
94.1
52-wk high:
306.8

Is Hindustan Copper Ltd an attractive stock to invest in?

1. Is Hindustan Copper Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindustan Copper Ltd is a average quality company.

2. Is Hindustan Copper Ltd undervalued or overvalued?

The key valuation ratios of Hindustan Copper Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Hindustan Copper Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hindustan Copper Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Hindustan Copper:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hindustan Copper Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.4%3.5%2.2%4.2%4.8%8%-20%6.7%17.5%13.8%-
Value Creation
Index
0.2-0.7-0.8-0.7-0.6-0.4-2.4-0.50.30.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4891,0169691,2041,6701,8168321,7871,8221,6771,711
Sales YoY Gr.--31.8%-4.6%24.3%38.8%8.7%-54.2%114.8%2%-7.9%-
Adj EPS 3.10.70.40.70.91.7-6.21.23.93.13.1
YoY Gr.--77.1%-44.3%82.1%23.9%87.5%-472.7%NA226.1%-19.9%-
BVPS (₹) 19.820.115.315.916.517.710.411.819.821.523.3
Adj Net
Profit
28364.63665.881.1153-569110375301304
Cash Flow from Ops. 331237262-260372252868321,052674-
Debt/CF from Ops. 000.8-1.81.84.218.21.40.40.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.3%0.1%26.3%-7.9%
Adj EPS 0.2%28.7%NA-19.9%
BVPS1%5.5%27.5%9%
Share Price 15.2% 41.4% 30.7% 189.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.33.52.24.65.49.7-43.810.82515.114
Op. Profit
Mgn %
33.912.611.41916.428.5-28.723.328.329.929.6
Net Profit
Mgn %
196.43.75.54.98.4-68.46.220.61817.7
Debt to
Equity
000.20.30.40.71.610.20.1-
Working Cap
Days
29646651740127928055919115614972
Cash Conv.
Cycle
106149137166149136281487-20-6

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.34%

Sales growth is good in last 4 quarters at 15.14%

Return on Equity has declined versus last 3 years average to 14.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Hindustan Copper Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 3.1
TTM Sales (₹ Cr.) 1,711 1,711
BVPS (₹.) 23.3 23.3
Reserves (₹ Cr.) 1,768 1,768
P/BV 12.24 12.24
PE 90.89 90.87
From the Market
52 Week Low / High (₹) 94.05 / 306.75
All Time Low / High (₹) 18.30 / 656.95
Market Cap (₹ Cr.) 27,560
Equity (₹ Cr.) 483.5
Face Value (₹) 5
Industry PE 11.7

Management X-Ray of Hindustan Copper:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hindustan Copper

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,4891,0169691,2041,6701,8168321,7871,8221,677
Operating Expenses 9848888589811,3991,3101,0711,3711,3101,185
Manufacturing Costs488448485516544637579450727762
Material Costs2412-3722390206-4633959-8
Employee Cost 360328323328326314257276370303
Other Costs 1129986115139152280307154128
Operating Profit 505128111223272506-239416512492
Operating Profit Margin (%) 33.9%12.6%11.4%18.5%16.3%27.9%-28.7%23.3%28.1%29.3%
Other Income 103675127413757355096
Interest 31314266065683017
Depreciation 174113119142165253291295150175
Exceptional Items 0000000000
Profit Before Tax 431804095122230-53887382396
Tax 14413232428531-238100
Profit After Tax 28668386280146-569110374295
PAT Margin (%) 19.2%6.7%3.9%5.2%4.8%8.0%-68.4%6.2%20.5%17.6%
Adjusted EPS (₹)3.10.70.40.70.91.6-6.21.23.93.1
Dividend Payout Ratio (%)32%21%0%30%29%16%0%29%30%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,8291,8621,4111,4671,5271,6379601,0891,9112,082
Share Capital 463463463463463463463463484484
Reserves 1,3671,3999481,0041,0651,1744986271,4281,599
Minority Interest0000000000
Debt002074726571,0701,5641,137408156
Long Term Debt0020720510257163677019317
Short Term Debt000267555499927368215139
Trade Payables76104151157226202234136203211
Others Liabilities 943898946362362409307321435551
Total Liabilities 2,8482,8642,7142,4582,7723,3183,0652,6842,9573,000

Fixed Assets

Gross Block835866200383393417480609657709
Accumulated Depreciation619664212961100143189375402
Net Fixed Assets216202178354332316337419282308
CWIP 6918517337031,1441,4871,6671,5291,5771,750
Investments 29717600001110
Inventories422442517822789644520176113117
Trade Receivables199855716582362831688066
Cash Equivalents 4962521725513111611366301
Others Assets795960980359414499442381540450
Total Assets 2,8482,8642,7142,4582,7723,3183,0652,6842,9573,000

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 331237262-260372252868321,052674
PBT 431804095122230-53887382396
Adjustment 1107092125188313505679246133
Changes in Working Capital -56153147-46374-23416366523224
Tax Paid -161-66-17-16-12-56-440-99-78
Cash Flow From Investing Activity -259-209-451-258-558-587-430-364-404-337
Capex -88-156-290-92-397-400-221-203-224-100
Net Investments -361220000000-9
Others -135-175-161-166-160-187-209-161-180-229
Cash Flow From Financing Activity -111-109183-8-9644542133-251-382
Net Proceeds from Shares 000000005000
Net Proceeds from Borrowing 002000-52527159198-687-253
Interest Paid -2-10-8-22-54-59-64-30-17
Dividend Paid -93-93-140-19-23-480-34-112
Others -16-16-30-4-5-10000
Net Cash Flow -38-80-7-526-282110-302601397-46
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.453.662.324.325.339.21-43.8210.7624.9314.79
ROCE (%)24.94.422.486.097.1811.87-18.066.5518.1518.12
Asset Turnover Ratio0.60.40.390.510.660.60.260.620.650.56
PAT to CFO Conversion(x)1.163.496.89-4.194.651.73N/A7.562.812.28
Working Capital Days
Receivable Days43462431264598262516
Inventory Days90139163185171144255712925
Payable Days1,2272,651-1,2702,520179379-1,7191991,044-9,544

Hindustan Copper Ltd Stock News

Hindustan Copper Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hindustan Copper on 28-Mar-2024 15:25 is ₹274.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 15:25 the market cap of Hindustan Copper stood at ₹27,560.2.
The latest P/E ratio of Hindustan Copper as of 28-Mar-2024 15:25 is 90.89.
The latest P/B ratio of Hindustan Copper as of 28-Mar-2024 15:25 is 12.24.
The 52-week high of Hindustan Copper is ₹306.8 and the 52-week low is ₹94.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hindustan Copper is ₹1,711 ( Cr.) .

About Hindustan Copper Ltd

Hindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on November 09, 1967. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products. The company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid.

Business area of the company

Hindustan Copper is engaged in the business activities ranging from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products. The company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing precious metals), copper sulphate and sulphuric acid.

Products offered by the company

  • Continuous Cast Copper Rod
  • Copper Cathode
  • Copper Concentrate
  • Copper Sulpahte
  • Sulphuric Acid
  • Reverts
  • Anode Slime
  • Nickel Cathode

Awards and Accolades

  • Kolihan Copper Mine, Rajasthan won the National Safety Awards (Mines) for year 2015 under category LAFP (Longest Accident Free Period)-Type-6.
  • Surda Copper Mine, Jharkhand got runner-up prize at National Safety Awards (Mines) for year 2015 under category LAFP (Longest Accident Free Period)-Type-6.
  • HCL was conferred with Kolkata Best Employer Brand Award by World HRD Congress during the award ceremony held on November 08, 2017 at Taj Bengal, Kolkata.
  • HCL was awarded the National CSR Leadership Award by World CSR Day on September 09, 2017 at Vivanta by Taj, Yeshwantpur, Bangalore.
  • The Quality Circle teams ‘Dinkar’ and ‘Sahyog’ of ICC won in Gold Category during the Chapter Convention on Quality Concepts (CCQC), 2017 on September 12, 2017 at Taj Bengal, Kolkata. They were also placed in ‘Excellence’ and ‘Par Excellence’ Category respectively during the National Convention on Quality Concepts (NCQC), 2017 held during December 01, 2017 to 4.12.2017 at Mysore.
  • Shri Anupam Anand, Director (Personnel) was identified as one of India's Best HR Leaders in PSUs by Times Ascent Presents - Asia Pacific HRM Congress & Awards - 16th Edition on 19.9.2017 at Vivanta By Taj, Yeshwantpur, Bangalore. Jury and Council of Board members of World HRD Congress conferred HR Super Achievers - PSUs to Shri Anupam Anand on 16.2.2018 at Taj Lands End, Mumbai.
  • HCL was conferred with Kolkata Best Employer BrandAward by World HRD Congress during the award ceremony held on November 08, 2017 at TajBengal, Kolkata
  • HCL was awarded with Third prize for its Corporate Film (English) and Third prize for its Coffee Table Book (English) at the PRSI Nation Awards 2018 organized by Public Relation Society of India.
  • Surda mine of ICC got 1st prize in Storage, Transport and use of Explosives in All India underground metal mines safety, cleanliness and silicosis awareness week 2018.
  • HCL was conferred the best CSR Impact Initiative Award at the National Awards for Excellence in CSR and Sustainability, under the category of 'Best Corporate Social Responsibility Practices' on September 09, 2018 at Vivanta by Taj, Yeshwantpur, Bangaluru
  • HCL received ‘Honourable Mention’ at the National CSR Awards 2018 in the category - ‘Corporate Awards in CSR in Challenging Circumstances, Sub Category - East’ organized on October 29, 2019 at Vigyan Bhawan, New Delhi for its project in Drinking Water and Sanitation. This was the first National CSR Award organized by Ministry of Corporate Affairs, Government of India.
  • HCL was awarded the 'ET Now presents CSR Leadership Awards' by World CSR Day under the category of 'Safe Drinking Water' held on February 02, 2019 at Taj Lands End, Mumbai.

Milestones

  • November 1967- Incorporated to take over from National Mineral Development Corporation Ltd.
  • March 1972- Indian Copper Corporation Limited, Private Sector Company, located at Ghatsila, Jharkhand with Smelter and Refinery was Nationalized and made part of HCL.
  • February 1975- Fully integrated Copper complex from mining to refining came on stream at Khetri (capacity 31,000 tonnes of refined copper)
  • November 1982 - The largest hard rock open pit mine in the country came into stream at Malanjkhand in Madhya Pradesh of capacity 2 million tonnes ore
  • December 1989 - Continuous Cast Wire Rod plant of South Wire Technology of capacity 60,000 MT was commissioned at Taloja in Maharashtra.
  • June 2015- Secondary Copper Smelter and Refinery Unit at Jhagadia, Gujarat (50,000 TPA of Copper Cathodes Conforming to LME-A grade)
  • Reopened Kendadh mines at Jharkhand in December, 2017 and Commissioned Banwas mine (new mine) at Khetri Copper Complex,Rajasthan in June, 2017.
  • In FY2018-19 Chhattisgarh Copper Ltd (CCL) has been incorporated as a Joint Venture Company between Hindustan Copper Ltd and Chhattisgarh Mineral Development Corporation Ltd (CMDC) for exploration, mining and beneficiation of copper and its associated minerals in the State of Chhattisgarh. The shareholding of HCL and CMDC is in the ratio of 74:26. In view of HCL's shareholding of 74%, CCL is also a subsidiary company of HCL.
  • The Cabinet committee on Economic Affairs has given its approval to HCL for issue of fresh equity shares to the extent of 15% of paid up equity capital through the Qualified Institutions Placement (QIP) method.
  • HCL has invested Rs 75 lakh in the equity shares of Khanij Bidesh India Ltd (KABIL), a JV company between NALCO, HCL and MECL incorporated on August 08, 2019 with the objective to identify, acquire, develop, process and make commercial use of strategic and other minerals in overseas locations for supply in India and boost “Make in India” campaign. The shareholding of NALCO, HCL and MECL in the JV Company is in the ratio of 40:30:30.
  • Hindustan Copper has signed a Memorandum of Understanding (MoU) with Hindalco Industries for long-term sale of copper concentrate produced by HCL to Hindalco in 2020.
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