Mines copper ore from underground and open-cast operations across three Indian states — Rajasthan, Madhya Pradesh (Malanjkhand) and Jharkhand — and sells the output primarily as copper concentrate (MIC) to domestic smelters. The planned exit run-rate is 12.2 million tonnes of ore per year by FY31, split across Malanjkhand (5 MT), Khetri in Rajasthan (2.9 MT) and Jharkhand (4.3 MT, including 3 MT from the Rakha mine run by JSW's South West Mining on an MDO basis at a 12.5% revenue share, plus Surda at 0.9 MT and Kendadih at 0.4 MT). FY26 MIC production is guided at roughly 30,000 tonnes, of which 20,000 tonnes come from Malanjkhand, with overall ore output tracking 85–90% of plan because of an early and heavy monsoon. Smelting/refining activity is being re-started at the Gujarat Copper Plant via a 20-year revenue-sharing contract with Lohum Materials, while an MoU with Codelco is aimed at underground mining know-how. Customers are copper smelters in India; reported customers offtake the concentrate from Hindalco, Adani and potentially Vedanta's Tuticorin smelter. Cost structure is dominated by other operating expenses at 40.5% of revenue and employee cost at 11.7%, with raw materials a small 2.4% and depreciation 6.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Copper ore and copper concentrate (MIC), Rakha mine MDO revenue share, Gujarat Copper Plant (re-start under way). Asset-heavy, single-commodity copper miner with PSU ownership
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,822 | 1,677 | 1,717 | 2,071 | 3,078 |
| EBITDA (ex other income) | 511 | 491 | 547 | 738 | 1,366 |
| margin % | 28.0 | 29.3 | 31.9 | 35.6 | 44.4 |
| Owners' profit | 352 | 286 | 295 | 465 | 919 |
| EPS, as reported (₹) | 3.87 | 3.06 | 3.05 | 4.81 | 9.50 |
| ROE % · ROCE % | 19.6 · 18.8 | 14.2 · 19.2 | 12.9 · 15.7 | 17.5 · 21.3 | 27.5 · 34.6 |
| Debt / equity (x) | 0.21 | 0.08 | 0.10 | 0.06 | 0.03 |
| Cash from operations | 1,052 | 674 | 292 | 544 | 1,474 |
| Capex | (225) | (102) | (207) | (178) | (127) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 518 | 328 | 731 | 516 | 718 | 687 | 1,156 | 937 |
| Profit before tax | 135 | 84 | 259 | 179 | 249 | 213 | 592 | 472 |
| Net profit | 102 | 63 | 187 | 134 | 184 | 156 | 444 | 352 |
| EPS (₹) | 1.05 | 0.65 | 1.94 | 1.39 | 1.89 | 1.62 | 4.59 | 3.64 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDUSTAN COPPER LTD ◆ | 49,802 | 43.9 | 14.90 | 34.4 | 27.5 | 34.5 | 11.5 | 56.0 |
| MARDIA SAMYOUNG CAPILLARY TUBE | 413 | 29.9 | 43.98 | — | 2.4 | 3.7 | — | 3.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 43.9 | 17.0 | 19 of 24 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Aug 2026 · Newspaper Publication Submitted to Exchange | compliance | minimal | — | — |
| 27 Aug 2026 · Hindustan Copper files FY26 Annual Report, proposes QIP for expansion | compliance | low | — | — |
| 27 Aug 2026 · Hindustan Copper: 59th AGM on 23 Sep 2026, Annual Report weblink shared | compliance | minimal | — | — |
| 27 Aug 2026 · TDS communication on final dividend for FY 2025-26 | compliance | minimal | — | — |
| 27 Aug 2026 · Hindustan Copper to consider QIP and NCD issuance at AGM | fund raising | medium | — | — |
| 27 Aug 2026 · Book closure and record date set for final dividend FY2025-26, AGM on 23 Sep | corporate actions | medium | — | — |
| 27 Aug 2026 · Book Closure from 17 Sep to 23 Sep 2026 for AGM and Dividend | corporate actions | medium | — | — |
| 27 Aug 2026 · Hindustan Copper files BRSR FY2025-26 with assurance statement | compliance | minimal | — | — |
| 27 Aug 2026 · Hindustan Copper 59th AGM on 23 Sep 2026; QIP and NCD proposals on agenda | board shareholder meetings | medium | — | — |
| 26 Aug 2026 · BSE and NSE impose fine on Hindustan Copper for board non-compliance | regulatory legal | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 22% |
| P/B | 14.9 | 3.1 | 18 of 20 | 11% |
| ROCE | 34.5 | 7.8 | 3 of 24 | 91% |
| ROE | 27.5 | 7.6 | 4 of 20 | 84% |
| Debt / Equity | 0.0 | 0.4 | 5 of 20 | 79% |
| EBITDA margin | 56.0 | 6.8 | 2 of 19 | 94% |
| Revenue growth | 81.4 | 13.6 | 5 of 21 | 80% |
| Profit growth | 162.5 | 55.9 | 6 of 20 | 74% |
| Market cap | 49802 | 254 | 4 of 24 | 87% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
