StrengthTalking point
Profit outpacing revenue
Profit grew 97.5% while revenue grew 48.6%, so the company kept more of each rupee of revenue as profit.
Importance 72 / 95 · growth
Hindustan Copper · Research view
Hindustan Copper Ltd.
NSE: HINDCOPPERBSE: 513599ISIN INE531E01026Face value ₹5consolidated
₹462
−2.28% · 2026-10-01 · 52-wk ₹313–₹760
Financials to FY2026 · 7 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
StrengthTalking point
Debt reduced
Total debt is down from ₹1,564 to ₹110 over 6 years (93.0% lower); debt-to-equity moved 1.63× → 0.03×.
Importance 67 / 95 · financial health
WatchTalking point
Cash conversion trending down
Cash conversion (CFO ÷ profit) has averaged 1.25× over the last 3 profit-making years versus 4.21× before that.
Importance 64 / 95 · cash quality
StrengthTalking point
Margins at a multi-year high
EBITDA margin of 49.8% is the widest in 6 years (prior range -22.7% to 39.3%).
Importance 62 / 95 · profitability
Section 03 · The company
Who is this company?
Classified by the exchange under Commodities › Metals & Mining › Non - Ferrous Metals › Copper.
- Market cap
- ₹44,671 cr
- FY2026 revenue
- ₹3,078 cr
- FY2026 net profit
- ₹919 cr
- Net worth
- ₹3,342 cr
- Total debt
- ₹110 cr
- EPS (basic)
- ₹9.50
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 5 non - ferrous metals.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Profit grew 97.5% while revenue grew 48.6%, so the company kept more of each rupee of revenue as profit.
Rule PROFIT_FASTER_THAN_REVENUE
- Revenue growth per year
- +24.4%over 6 years
- Revenue growth
- +48.6%vs last year
- Net profit growth
- +97.5%vs last year
- Change in net profit since FY20
- +261%
Revenue compounded at 24.4% a year over 6 years (₹832 → ₹3,078) — though FY2021 saw a one-off step-change of 115% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Net profit grew 97.5% year on year (FY2025 → FY2026).
Revenue grew 48.6% year on year (FY2025 → FY2026).
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 revenue was ₹937 cr, up 81.4% from ₹516 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 net profit was ₹352 cr, up 162.5% from ₹134 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit grew 162.5% while revenue grew 81.4% vs the same quarter last year — a gap of 81.1 percentage points.
Rule QTR_PROFIT_VS_REVENUE_GROWTH
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 518 | — | 102 | — | 19.6% |
| Q3 FY25 | 328 | −17.9% | 63 | −0.2% | 19.2% |
| Q4 FY25 | 731 | +29.4% | 187 | +50.5% | 25.6% |
| Q1 FY26 | 516 | +4.6% | 134 | +18.4% | 26.0% |
| Q2 FY26 | 718 | +38.6% | 184 | +80.8% | 25.6% |
| Q3 FY26 | 687 | +109.7% | 156 | +148.5% | 22.7% |
| Q4 FY26 | 1,156 | +58.1% | 444 | +137.4% | 38.4% |
| Q1 FY27 | 937 | +81.4% | 352 | +162.5% | 37.6% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹3,498 crTTM
- EBITDA
- ₹1,740 crTTM
- EBIT
- ₹1,532 crTTM
- PBT
- ₹1,525 crTTM
- Net profit
- ₹1,137 crTTM
C. Corporate actions
16 Sept 2026DividendFinal Dividend - Rs. - 1.8600 — ₹1.86/share
13 Feb 2026DividendInterim Dividend - Rs. - 1.0000 — ₹1.00/share
18 Sept 2025DividendFinal Dividend - Rs. - 1.4600 — ₹1.46/share
19 Sept 2024DividendFinal Dividend - Rs. - 0.9200 — ₹0.92/share
22 Sept 2023DividendFinal Dividend - Rs. - 0.9200 — ₹0.92/share
20 Sept 2022DividendFinal Dividend - Rs. - 1.1600 — ₹1.16/share
14 Sept 2021DividendDividend - Rs. - 0.3500 — ₹0.35/share
23 Jul 2019DividendDividend - Rs. - 0.5200 — ₹0.52/share
18 Sept 2018DividendDividend - Rs. - 0.2500 — ₹0.25/share
14 Aug 2017DividendDividend - Rs. - 0.2000 — ₹0.20/share
7 Aug 2015DividendDividend - Rs. - 0.1500 — ₹0.15/share
5 Sept 2014DividendDividend - Rs. - 1.0000 — ₹1.00/share
13 Sept 2013DividendDividend - Rs. - 1.0000 — ₹1.00/share
18 Sept 2012DividendDividend - Rs. - 1.0000 — ₹1.00/share
2 Sept 2011DividendFinal Dividend - Rs. - 0.5000 — ₹0.50/share
11 Nov 2010DividendInterim Dividend - Rs. - 0.5000 — ₹0.50/share
17 Jul 2008OtherReduction of Capital
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Strength
EBITDA margin of 49.8% is the widest in 6 years (prior range -22.7% to 39.3%).
Rule MARGIN_AT_MULTI_YEAR_HIGH
- EBITDA margin now
- 49.8%
- 7-year range
- -22.7–49.8%
- ROE FY2026
- 30.6%
- ROCE FY2026
- 42.5%
ROE of 30.6% is the highest in 6 years (prior range -59.3% to 24.9%).
ROE improved from 18.8% to 30.6% year on year.
EBITDA margin improved from 39.3% to 49.8% of revenue.
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Total debt is down from ₹1,564 to ₹110 over 6 years (93.0% lower); debt-to-equity moved 1.63× → 0.03×.
Rule DEBT_FELL_MULTIYEAR
Operating cash flowNet profit
- Total debt
- ₹110 cr
- Operating cash flow ÷ net profit
- 1.60×FY2026
- Free cash flow
- ₹1,348 cr
- Current ratio
- 1.68×
Cash conversion (CFO ÷ profit) has averaged 1.25× over the last 3 profit-making years versus 4.21× before that.
Net worth compounded at 23.1% a year over 6 years (₹960 → ₹3,342) — though FY2022 saw a one-off step-change of 75% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Operating cash flow has matched or exceeded reported profit in 5 of the last 6 profit-making years (latest 1.60×).
Free cash flow has been positive in 6 of the last 6 years.
Section 08 · Relative position
How does it compare with peers?
Ranked against 5 non - ferrous metals (FY2026, consolidated).
Revenue growth
HINDCOPPER · 1st of 4 · set median 17.6%
EBITDA margin
HINDCOPPER · 2nd of 4 · set median 49.1%
Return on equity
HINDCOPPER · 3rd of 5 · set median 30.6%
P/E ratio
HINDCOPPER · 4th of 4 · set median 13.3×
Context
Trades at 39.30× earnings — 196% above the non ferrous metals median of 13.28×.
Rule PE_ABOVE_PEERS
- P / E
- 39.3×TTM to Jun 26
- P / B
- 13.4×latest book
- P / S
- 12.8×TTM sales
- Earnings yield
- 2.5%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 48.6× · P/S 14.2× · ROE 30.6%. TTM and full-year profit differ by more than 15% — a one-off in a recent quarter is moving the trailing figure; weigh it against the full year.
Section 09 · The stock
How has the stock performed?
Context
Over 5 years profit compounded at 52.8% a year while the stock returned 33.3% a year — but FY2021 profit (₹110) was well below the through-cycle level (~₹295), so this rate is inflated by the recovery from a low base.
Rule STOCK_LAGGED_EARNINGS · recovery
- 1-year return
- +37.8%
- 3-year return
- +184.5%
- 5-year return
- +320.5%
- From 52-wk high
- −39.2%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹516
- vs 200-day avg
- Below₹524
- RSI (14)
- 32.8neutral
- MACD histogram
- -4.0
- From 52-wk high
- −39.2%
- From 52-wk low
- +47.4%
- 30-day volatility
- 39.2%ann.
- 6-month return
- +1.9%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- WatchCash conversion trending downCash conversion (CFO ÷ profit) has averaged 1.25× over the last 3 profit-making years versus 4.21× before that.CASH_CONVERSION_DETERIORATING · conviction 64
- Cash-flow-statement facts are unavailable for FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 832 | 1,787 | 1,822 | 1,677 | 1,717 | 2,071 | 3,078 |
| Total income | 889 | 1,822 | 1,872 | 1,773 | 1,772 | 2,148 | 3,150 |
| EBITDA | −189 | 445 | 561 | 587 | 602 | 815 | 1,534 |
| Profit before tax | −538 | 87 | 382 | 396 | 411 | 632 | 1,233 |
| Net profit | −569 | 110 | 374 | 295 | 295 | 465 | 919 |
| EPS (₹) | −6.2 | 1.2 | 3.9 | 3.1 | 3.0 | 4.8 | 9.5 |
| Net worth | 960 | 1,089 | 1,911 | 2,082 | 2,285 | 2,661 | 3,342 |
| Total debt | 1,564 | 1,137 | 408 | 156 | 222 | 166 | 110 |
| Operating cash flow | — | 832 | 1,052 | 674 | 292 | 544 | 1,474 |
| Free cash flow | — | 628 | 829 | 574 | 85 | 373 | 1,348 |
| Ratio | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Revenue growth YoY | — | 114.8 | 2.0 | -7.9 | 2.4 | 20.6 | 48.6 |
| Profit growth YoY | — | — | 239.3 | -21.0 | -0.0 | 57.5 | 97.5 |
| Profitability | |||||||
| EBITDA margin % | -22.7 | 24.9 | 30.8 | 35.0 | 35.0 | 39.3 | 49.8 |
| Net margin % | -64.1 | 6.0 | 20.0 | 16.7 | 16.7 | 21.7 | 29.2 |
| Return on equity % | -59.3 | 10.8 | 24.9 | 14.8 | 13.5 | 18.8 | 30.6 |
| Return on capital % | -18.9 | 6.3 | 18.1 | 18.1 | 18.0 | 24.0 | 42.5 |
| Leverage & cash | |||||||
| Debt to equity | 1.63 | 1.04 | 0.21 | 0.08 | 0.10 | 0.06 | 0.03 |
| Cash flow ÷ profit | — | 7.55 | 2.81 | 2.28 | 0.99 | 1.17 | 1.60 |
| Current ratio | 0.72 | 0.88 | 1.13 | 0.84 | 1.05 | 1.37 | 1.68 |