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India's only vertically integrated copper miner and smelter, a state-owned enterprise supplying copper cathode and rods.
India's only vertically integrated copper miner and smelter, a state-owned enterprise supplying copper cathode and rods.
Digs ore, turns it into copper concentrate and sells the metal at prices pegged to the London Metal Exchange copper price, converted into rupees, so income follows world copper prices and the exchange rate. The Government of India is the majority owner, and India imports most of the copper ore its smelters use.
In one line: A small, state-owned Freeport-McMoRan.
Moat: narrow (scale, regulatory licence). Only integrated copper mine-to-metal producer in India, a scarce domestic resource position.
Headquarters: Kolkata, India · Founded: 1967 · Employees: 1,154
Size Hindustan Copper (HINDCOPPER.NS) is an India Materials company (Other Metals/Minerals) with a market value of $4.31B, the 227th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹421.15 on 6 Nov 2026.
Performance Over six months the shares fell 25.9%, against -35.3% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 67.1% over the last twelve months (peer median +20.1%); the operating margin is 41.5% (peer median 13.9%).
Valuation It trades at 21.6× forward earnings against a peer median of 16.2× (7th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 39% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +27 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 14.7 points above its cost of capital (20.0% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹35.0B | ₹30.8B | ₹20.6B | ₹17.1B | ₹16.8B |
| Revenue growth | — | +49% | +21% | +2% | — |
| Gross profit | ₹25.0B | ₹14.8B | ₹6.89B | ₹4.76B | ₹4.35B |
| EBITDA | ₹16.6B | ₹15.1B | ₹7.67B | ₹5.50B | ₹5.48B |
| Net income | ₹11.4B | ₹9.19B | ₹4.65B | ₹2.95B | ₹2.95B |
| Free cash flow | n/a | ₹10.3B | ₹1.27B | -₹1.80B | ₹5.71B |
| Capital expenditure | n/a | ₹4.56B | ₹4.20B | ₹5.34B | ₹3.47B |
| Total debt | n/a | ₹1.11B | ₹1.67B | ₹2.23B | ₹1.57B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hindustan Copper HINDCOPPER.NS | $4.31B | -26% | +67% | 42% | 21.6× | 38.7% |
| Hindalco Industries HINDALCO.NS | $22.7B | -9% | +20% | 11% | 8.6× | n/a |
| Vedanta VEDL.NS | $10.8B | -14% | -37% | 28% | 6.0× | -9.5% |
| Adani Enterprises ADANIENT.NS | $39.3B | +9% | +37% | 8% | 50.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HINDCOPPER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | -12.8% | 11th highest of 21 |
| 6-month return | -25.9% | -35.3% | 6th highest of 20 |
| Distance from 52-week high | -44.6% | -55.2% | 5th highest of 21 |
| Revenue growth (TTM) | +67.1% | +20.1% | 2nd highest of 19 |
| Operating margin | 41.5% | 13.9% | 2nd highest of 19 |
| Forward P/E | 21.6× | 16.2× | 7th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 38.7% | 3.3% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +11.5% | +30.2% | 2nd lowest of 8 |
| Hurdle (Req g minus delivered) | +27.2 pp | -9.7 pp | most demanding of 8 |
| ROIC minus cost of capital | +14.7 pp | +1.4 pp | 2nd highest of 20 |
| EV / EBITDA | 24.5× | n/a | — |
| Net debt / EBITDA | -0.4× | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hindustan Copper HINDCOPPER.NS | India | $4.31B | -26% | +67% | 42% | 21.6× | 38.7% | +11.5% |
| Sichuan Hongda 600331.SS | China | $4.30B | -40% | 0% | -1% | 543.0× | n/a | n/a |
| Zhejiang Rongtai Electric Material 603119.SS | China | $4.36B | -3% | +46% | 20% | 81.0× | 42.2% | +30.2% |
| Western Superconducting Technologies 688122.SS | China | $4.21B | -33% | -5% | 8% | 43.2× | 29.3% | +19.9% |
| Dazhong Mining 001203.SZ | China | $4.20B | -64% | +3% | 26% | 30.5× | n/a | n/a |
| Shenghe Resources 600392.SS | China | $4.09B | -40% | +34% | 8% | 16.2× | n/a | n/a |
| Sinomine Resource 002738.SZ | China | $4.06B | -59% | +18% | 31% | 11.1× | n/a | n/a |
| Chengtun Mining 600711.SS | China | $3.84B | -39% | +28% | 12% | 7.4× | n/a | n/a |
| Grinm Advanced Materials 600206.SS | China | $4.85B | +40% | +23% | 2% | 72.2× | n/a | n/a |
| Chuangxin Industries 2788.HK | Hong Kong | $3.82B | -43% | +23% | 23% | 5.3× | -0.8% | +8.9% |
| Luoyang Shenglong Mining 001257.SZ | China | $5.00B | -19% | +22% | 34% | n/a | 13.4% | +22.4% |
| Yunnan Copper 000878.SZ | China | $5.01B | -28% | +10% | 2% | 11.9× | n/a | n/a |
| Asia-Potash International Investment (Guangzhou) 000893.SZ | China | $5.08B | -32% | +40% | 36% | 11.6× | -3.3% | +72.1% |
| GuoCheng Mining 000688.SZ | China | $3.57B | -60% | +193% | 50% | 11.2× | 3.3% | +39.6% |
| Lygend Resources And Technology 001246.SZ | China | $3.48B | n/a | +28% | 19% | 8.9× | -5.9% | +39.8% |
| Suzhou Kematek 301611.SZ | China | $3.48B | -36% | +18% | 15% | 128.5× | n/a | n/a |
| Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ | China | $3.43B | -24% | +16% | 3% | 17.8× | n/a | n/a |
| Uranium Energy UEC | United States | $3.43B | -54% | -44% | -358% | n/a | n/a | n/a |
| Baiyin Nonferrous 601212.SS | China | $5.49B | -35% | 0% | 5% | n/a | n/a | n/a |
| NGEx Minerals NGEX.TO | Canada | $3.37B | -15% | n/a | n/a | n/a | n/a | n/a |
| NexGen Energy NXE.TO | Canada | $5.57B | -31% | n/a | n/a | n/a | n/a | n/a |