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Hindustan Copper
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Hindustan Copper Share price and Fundamental Analysis
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Company History
Hindustan Copper Limited, a Miniratna Category-1 Status Company is a Central Public Sector Undertaking (CPSE) under the administrative control of Ministry of Mines, Government of India. The Company is engaged in Exploration, Exploitation, Mining of Copper and Copper Ore including Beneficiation of Minerals, Smelting and Refining. It has copper mines & concentrator plants in Malanjkhand Copper Project at Madhya Pradesh (MCP), Khetri Copper Complex at Rajasthan (KCC) and Indian Copper Complex, Ghatsila at Jharkhand (ICC). Presently, it is operating Smelter & Refinery Plant at ICC and Gujarat Copper Project, Gujarat (GCP) for production of copper cathode and thereafter conversion of Cathode to Copper Wire Rod at Taloja Copper Project, Taloja, Maharashtra (TCP).
The Company is the only vertically integrated producer of primary refined copper in India. 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.
Hindustan Copper Limited was incorporated on November 09, 1967 as Government Company with the name Hindustan Copper (Pvt) Ltd. In February 27, 1968, the Company converted into a Public Limited Company and name was changed to Hindustan Copper Limited. During the year, the assets of National Mineral Development Corporation Ltd at Khetri, Rajasthan were transferred to the Company.
In the year 1972, the Government of India nationalized the Indian Copper Corporation Limited at Ghatsila, Jharkhand and handed over to the company. In the year 1976, the company commissioned the smelter plant with capacity of 31,000 TPA. In year 1982, Company commenced Malanjkhand Copper Project (MCP) at Malanjkhand, Balaghat district in Madhya Pradesh.
In year 1989, the Company commissioned CC Rod plant at TCP with installed capacity 60,000 TPA, using southwire SCR- 2000 technology and natural gas as fuel. In year 1993, Promoter of the Company sold 3,411,000 Equity Shares to Life Insurance Corporation of India, General Insurance Corporation of India, Manali Investment & Finance (Pvt.) Ltd. and GIC Mutual Fund. In year 1994, Equity Shares of the Company were listed on the Bombay Stock Exchange Ltd (BSE).
The Government of India approved the restructuring of the company in the year 1999, 2002 and 2008. In the year 2008, the company was granted 'Miniratna-Category I' status by the Government of India.
The company has started processing of low grade sulphide ore (average copper content of 0.3% or less) due to buoyancy in copper prices and is working on a research & development project to exploit low grade sulphide ores through bio-leaching technology at MCP.
The company plans to expand their current production level of approximately 3.21 MTPA to an expected mining capacity of at least 12.41 MTPA by the end of fiscal 2017. The expansion plan includes, expanding their existing mines, namely the Malanjkhand mine of MCP, the Khetri mine and Kolihan mine of KCC as well as the Surda mine of ICC, reopening some of their mines that were closed in the past and renewing their mining leases, namely the Kendadih mine and Rakha mine of ICC and establishing new mines, namely the Banwas mine at KCC and the Chapri-Sideshwar mine at ICC.
During the year 2013-14, the Government of India, pursuant to SEBI guidelines for Offer for Sale' through the Stock Exchange mechanism sold 3,71,19,152 equity shares out of its existing shareholding in the Company on 3rd July 2013 and mobilized an amount of Rs. 259.84 Crores. Consequently, the Government shareholding in the Company has come down from 94.01% to 90% making the Company compliant with SEBI requirement of 10% Minimum Public Shareholding in listed Public Sector Companies.
During the year 2017, the expenditure on account of Replacements & Renewals (R&R) of plant & machinery, mine expansion, mine development & green field exploration stood at Rs 400.66 crore which was funded through the internal resources of the Company.
During the year 2018, the expenditure on account of Replacements & Renewals (R&R) of plant & machinery, mine expansion, mine development & green field exploration stood at Rs. 589.81 crore which was funded through the internal resources of the Company.
During the FY2019, the expenditure on account of Replacements & Renewals (R&R) of plant & machinery, mine expansion, mine development & green field exploration stood at Rs 602.46 crore which was funded partially through internal resources of the Company and partly through borrowings from banks.
HCL has invested Rs 18.50 Lakhs in the equity shares of its subsidiary Chhattisgarh Copper Ltd (CCL) during the year ended 31 March, 2019, out of which 74% equity is held by HCL and remaining 26% is held by Chhattisgarh Mineral Development Corporation Ltd.
During the FY2020, the expenditure on account of Replacements & Renewals (R&R) of plant & machinery, mine expansion, mine development & green field exploration stood at Rs 452.96 crore which was funded partially through internal resources of the Company and partly through borrowings from banks.
During the year 2021, HCL has invested Rs. 75 Lakhs in the equity shares of Khanij Bidesh India Ltd (KABIL), a JV company between NALCO, HCL and MECL, which incorporated on 8th August, 2019 to identify, acquire, develop, process and make commercial use of strategic and other minerals in overseas locations for supply in India. The shareholding of NALCO, HCL and MECL in the JV Company is in the ratio of 40:30:30.
During the year 2021, HCL has made additional investment of Rs. 14.80 Lakhs in the equity of its subsidiary viz. Chhattisgarh Copper Ltd (CCL), out of which 74% equity is held by HCL and remaining 26% is held by Chhattisgarh Mineral Development Corporation Ltd.
In May, 2022 HCL has made additional investment of Rs. 9 crore in the equity shares of Khanij Bidesh India Ltd (KABIL), a JV company between NALCO, HCL and MECL, which incorporated on 8th August, 2019 to identify, acquire, develop, process and make commercial use of strategic and other minerals in overseas locations for supply in India. The shareholding of NALCO, HCL and MECL in the JV Company is in the ratio of 40:30:30.
During the year 2022, HCL has made additional investment of Rs. 7.4 Lakh in the equity shares of its subsidiary viz. Chhattisgarh Copper Ltd. (CCL), out of which 74% equity is held by HCL and remaining 26% is held by Chhattisgarh Mineral Development Corporation Ltd.
During FY 2022-23, 17,249 m of surface drilling and 12,660 m of underground definition drilling was completed. Extension of ore bodies proved upto about 650 m vertical depth in Rakha Block and up to about 750 m vertical depth in Kendadih Block. As on 1.4.2022, copper ore reserve and resources of the Company was 631.85 million tonnes. The geological drilling work was completed in FY 2022-23.
During the year, HCL has made additional investment of Rs 6.30 Lakh in the equity of its subsidiary viz. Chhattisgarh Copper Ltd (CCL), out of which 74% equity held by HCL and remaining 26% held by Chhattisgarh Mineral Development Corporation Ltd.
Hindustan Copper Share Price
Hindustan Copper share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Hindustan Copper Market Cap
Market capitalization of Hindustan Copper indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Hindustan Copper is valued compared to its competitors.
Hindustan Copper PE Ratio
Hindustan Copper PE ratio helps investors understand what is the market value of each stock compared to Hindustan Copper 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Hindustan Copper PEG Ratio
The PEG ratio of Hindustan Copper evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Hindustan Copper ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Hindustan Copper generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Hindustan Copper ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Hindustan Copper in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Hindustan Copper Total Debt
Total debt of Hindustan Copper shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Hindustan Copper Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Hindustan Copper compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Hindustan Copper CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Hindustan Copper over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Hindustan Copper Technical Analysis
Technical analysis of Hindustan Copper helps investors get an insight into when they can enter or exit the stock. Key components of Hindustan Copper Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Hindustan Copper shares often struggle to rise above due to selling pressure.
Hindustan Copper Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Hindustan Copper ’s financial health and profitability.
Hindustan Copper Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Hindustan Copper Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Hindustan Copper Financials
The financials of Hindustan Copper provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Hindustan Copper Profit and Loss Statements
The profit and loss statement of Hindustan Copper highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Hindustan Copper .
Hindustan Copper Balance Sheet
The balance sheet presents a snapshot of Hindustan Copper ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Hindustan Copper Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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