Hindustan Copper Ltd (HINDCOPPER) — share price & stock analysis

Market cap

₹47,442 Cr

P/E

48×

ROE

32.9%

vs own 10-yr valuation

37th pctile

Book value / share

₹34.6

EPS (TTM)

₹7.57

10-yr median P/E

53.2×

Revenue (FY26)

₹3,078 Cr

Profit after tax (FY26)

₹919 Cr

Weinstein stage

Stage 2 (41 weeks)

Data as of

1 July 2026

5 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 42% — a high-quality engine; effectively no debt; margins at an all-time high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The market has pre-paid for growth that hasn’t arrived yet

Since Aug 2019, the stock is up 1,391% while earnings per share grew 382%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 48× is the middle of its own range against its own history since 2019 (37th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

And the sharper caveat: today’s margins are the best this company has ever printed. The cheap multiple is only real if they hold — earnings at record profitability flatter every valuation ratio.operating_profit

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (53.2×).

An uptrend that has held for 41 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 41 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹470 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 45 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

A business that went through the fire — losses in FY20, records now

Over 12 years, sales went from ₹1,489 Cr to ₹3,078 Cr (about 6% a year), and profit from ₹286 Cr to ₹919 Cr.revenuenet_profit

The books show real losses in FY20 (worst: ₹−569 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

Sales exploded 58% last quarter — the 5th straight quarter of growth

Mar 26 sales were ₹1,156 Cr, up 58% on the same quarter last year.revenue

That makes 5 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are widening — 36% → 54% in a year

Of every ₹100 of sales, the company keeps ₹54.3 as operating profit (a year ago it kept ₹36.5).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 23.0% in FY21 and has been rebuilt to 47.5% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (80% → 94%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit exploded 137% — mostly from keeping more of each sale

Mar 26 profit after tax was ₹444 Cr, up 137% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹2,348 Cr of profit and collected ₹4,085 Cr of operating cash — about 174% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is tightening — money comes home faster

One rupee now takes about 16 days to go out the door as materials and come back as collected cash — down from 30 days the year before.cash_conversion_cycle

The biggest mover: customers paying faster (30 → 16 days).debtor_days

Building hard — new capacity is under construction

The productive asset base has gone from ₹212 Cr (FY14) to ₹1,922 Cr, with another ₹741 Cr of capacity under construction right now.fixed_assetscwip

Work-in-progress is 39% of the existing asset base — that is a serious bet on future demand. Capacity like this shows up in sales with a lag; it is tomorrow’s growth being paid for today.cwip

The build is self-funded: the last 3 years' investing outflow (₹1,361 Cr) fits inside the operating cash the business generated (₹2,359 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹3.borrowings

Every ₹100 kept in the business now earns ₹42 — and the number is rising

Return on capital employed is 42.0% (a year ago: 24.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

The owners aren’t moving

Promoters hold 66.1%, essentially unchanged. Foreign funds own 6.3%, domestic funds 5.4%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

Meanwhile domestic funds have been the sellers — from 15.9% to 5.4% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

A turnaround that stuck — the question is what’s left to re-rate

The numbers are genuinely mixed, and the price already assumes the good news continues.

Best thing in the data: free cash flow rising (₹142 Cr → ₹1,040 Cr).operating_cash_flow

Biggest worry: domestic-fund holding falling (8.6% → 5.4%).diis_pct

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data