HINDCOPPER

Hindustan Copper share price & financials

Price
₹511.15
Market cap
₹49.7k Cr
Sector
Metals & Mining
Calls analysed
1
Latest concall · Q1 FY26 · call held 18 Sept 2025

Hindustan Copper Q1 FY26

MIC Production 30,000 tonnes +20%Cost of Production 5,000 $ Cost of Production 6,000 $ Employee Cost ₹300 cr

MIC Production (Target) 30000 tonnes (+20% YoY); Cost of Production (Malanjkhand) 5000 $; Cost of Production (Khetri) 6000 $. Targeting aggressive capacity expansion to 12.2 million tonnes (MT) of ore by FY31, up from current levels.

Read the full call →

What Hindustan Copper Limited does

Hindustan Copper Limited is India's only vertically integrated producer of refined copper, running the full chain from mining and ore beneficiation through smelting, refining and wire-rod extrusion. It owns and operates all of India's operating copper-ore mining leases, with underground mines and beneficiation plants at Khetri (Rajasthan), Malanjkhand (Madhya Pradesh) and the Indian Copper Complex (Jharkhand), a secondary smelting-refining unit in Gujarat, and a continuous-cast wire-rod plant at Taloja, Maharashtra. It earns primarily by selling copper concentrate to domestic primary copper producers and by tolling wire rod. A large capacity-expansion programme is underway to scale mining output several-fold.

Segments

  • Mining and Ore Beneficiation
  • Smelting and Refining
  • Wire Rod (Tolling)
Copper ore reserves and resources
755.32 million tonnes
Mining units/complexes
4 (Khetri Copper Complex, Malanjkhand Copper Project, Indian Copper Complex, Gujarat Copper Project)
Total employees
1,232
Mining leases held
7 (Surda, Kendadih, Rakha, Khetri, Kolihan, Chandmari, Malanjkhand)
Share of India's copper ore reserves controlled
~45%
Ore milling capacity across mines
~47 lakh tonnes (18+4+25 lakh tonnes at KCC, ICC, MCP)
Founded 1967Headquarters Kolkata, West Bengal, IndiaEmployees 1,232 (2025-08-01) Company website

Guidance record · Q1 FY26

what the last two calls moved 4 tracked 0 delivered 0 missed 4 open
  • Total Ore Production Capacity open said Q1 FY26 Promised: 12.2 million tons by 2030-31 Q1 FY26: Management laid out a definitive roadmap to reach 12.2 MTPA by FY31, summing up Khetri (2.9), Malanjkhand (5.0), and Jharkhand (4.3).

All 4 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 81.4%, net profit up 163.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue518 328 731 516 718 +39%687 +109%1,156 +58%936 +81%
EBITDA152 108 267 212 282 +86%340 +215%628 +135%508 +140%
Net profit102 63 191 134 186 +82%156 +148%444 +132%353 +163%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +110.1% 1Y

₹400₹600₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q1 FY26 — 18 Sept 2025

1Y: ₹244.94 on 10 Sept 2025 → ₹514.5. High ₹760.05 (29 Jan 2026), low ₹244.94 (10 Sept 2025).

How the price took the results

close before → close after

Q1 FY26
−1.4%
18 Sept

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 22.4% a year over 3 years, FY23 to FY26. Operating margin widened to 47.5%.

Year endingFY23FY24FY25FY26
Revenue₹1.7k Cr₹1.7k Cr₹2.1k Cr₹3.1k Cr
Operating profit₹491 Cr₹547 Cr₹715 Cr₹1.5k Cr
Operating margin29.3%31.9%34.5%47.5%
Interest₹16 Cr₹16 Cr₹7 Cr₹5 Cr
Depreciation₹175 Cr₹176 Cr₹176 Cr₹200 Cr
Net profit₹295 Cr₹295 Cr₹469 Cr₹920 Cr
Net margin17.6%17.2%22.6%29.9%
Cash from operations₹674 Cr₹341 Cr₹544 Cr₹1.5k Cr
Free cash flow₹574 Cr₹-193 Cr₹132 Cr₹1.0k Cr
ROCE18.0%18.0%24.0%42.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹463 Cr₹484 Cr₹484 Cr₹484 Cr₹484 Cr₹484 Cr
Reserves₹627 Cr₹1.4k Cr₹1.6k Cr₹1.8k Cr₹2.5k Cr₹2.9k Cr
Borrowings₹1.1k Cr₹409 Cr₹156 Cr₹223 Cr₹142 Cr₹111 Cr
Other liabilities₹819 Cr₹844 Cr₹956 Cr₹971 Cr₹733 Cr₹1.2k Cr
Total liabilities₹3.0k Cr₹3.2k Cr₹3.2k Cr₹3.5k Cr₹3.9k Cr₹4.6k Cr
Fixed assets₹322 Cr₹282 Cr₹1.3k Cr₹1.4k Cr₹1.8k Cr₹1.9k Cr
Capital work in progress₹1.2k Cr₹683 Cr₹731 Cr₹917 Cr₹740 Cr₹741 Cr
Investments₹1 Cr₹1 Cr₹10 Cr₹29 Cr₹31 Cr₹31 Cr
Other assets₹1.5k Cr₹2.2k Cr₹1.1k Cr₹1.1k Cr₹1.3k Cr₹1.9k Cr
Total assets₹3.0k Cr₹3.2k Cr₹3.2k Cr₹3.5k Cr₹3.9k Cr₹4.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −3.40 pp while FIIs added +2.25 pp. The shareholder count grew 98% to 13,05,636.

Promoters
66.1%
FIIs
6.0%
DIIs
4.8%
Public
23.1%

Since Jun 2025

  • DIIs −3.40 pp
  • FIIs +2.25 pp
  • Public +1.15 pp

How it drifted, 12 quarters

Over this window DIIs fell from 13.3% to 4.8% — −8.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 66.1%, FIIs 2.2%, DIIs 13.3%, Public 18.4%.Dec '23: Promoters 66.1%, FIIs 2.0%, DIIs 13.7%, Public 18.1%.Mar '24: Promoters 66.1%, FIIs 3.1%, DIIs 12.3%, Public 18.4%.Jun '24: Promoters 66.1%, FIIs 3.2%, DIIs 9.3%, Public 21.3%.Sep '24: Promoters 66.1%, FIIs 3.3%, DIIs 9.2%, Public 21.3%.Dec '24: Promoters 66.1%, FIIs 3.4%, DIIs 9.1%, Public 21.4%.Mar '25: Promoters 66.1%, FIIs 3.3%, DIIs 8.6%, Public 22.0%.Jun '25: Promoters 66.1%, FIIs 3.7%, DIIs 8.2%, Public 21.9%.Sep '25: Promoters 66.1%, FIIs 5.0%, DIIs 6.0%, Public 22.8%.Dec '25: Promoters 66.1%, FIIs 6.6%, DIIs 5.6%, Public 21.7%.Mar '26: Promoters 66.1%, FIIs 6.3%, DIIs 5.4%, Public 22.1%.Jun '26: Promoters 66.1%, FIIs 6.0%, DIIs 4.8%, Public 23.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Hindustan Copper Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
President Of India 66.14%unchanged
Life Insurance Corporation Of India Insurer2.83%−0.76 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in HINDCOPPER

Filings to Aug 2026

0 new, 7 added, 1 trimmed, 0 sold out — net +0.13 L shares (+1.2%).

Held by funds
₹56 Cr
8 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹27 Cr · 0.8% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹27 Cr+0.06 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹14 Cr+0.03 L
Nippon India Nifty 500 Momentum 50 Index Fund Nippon India Mutual Fund₹13 Cr+0.04 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹1 Cr−0.00 L
Nippon India Nifty India Manufacturing Index Fund Nippon India Mutual Fund₹0 Cr+0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L
Nippon India Nifty India Manufacturing ETF Nippon India Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

7 added, 1 trimmed — net +13,105 shares (+1.2%)

Funds are sitting on
+60%
vs est. average cost
Held by funds
₹56 Cr
8 schemes · ≈ 0.11% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹27 Cr · 0.8% of that fund

Shares held by these funds −92%

Aug '23 10.62 L shares Jul '26

Learn to analyse Hindustan Copper Limited

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