HINDUSTAN COPPER LIMITED (HINDCOPPER): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹430 latest close · −13.9% over the last 90 sessions

₹430 month-end · +31.5% over 12 months

₹430 month-end · +148.5% over 3 years

₹430 month-end · +976.3% since Jun '19

52-week range ₹308.50 to ₹760.05 · 1-year volatility 53.7%

Was the rally earned?

1 year3 years5 years

+32%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 98 points, but investors now pay less per rupee of profit (P/E 65.0x to 36.6x), which took 66 points back.
The share count barely moved.

Net profit growth+98 ptsNet profit rose about 134%, which lifts the price.

P/E change-66 ptsThe P/E fell from 65.0x to 36.6x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+149%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 220 points, but investors now pay less per rupee of profit (P/E 56.6x to 36.6x), which took 71 points back.
The share count barely moved.

Net profit growth+220 ptsNet profit rose about 285%, which lifts the price.

P/E change-71 ptsThe P/E fell from 56.6x to 36.6x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+286%share price, 5 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 485 points, but investors now pay less per rupee of profit (P/E 93.6x to 36.6x), which took 199 points back.
The share count rose 5%.

Net profit growth+495 ptsNet profit rose about 933%, which lifts the price.

P/E change-199 ptsThe P/E fell from 93.6x to 36.6x, which lowers the price.

Share count change-9 ptsShare count rose 5%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with HINDUSTAN ZINC

How rough has the ride been?

Maximum drawdown-64.2%recovered 2020-12

1-year volatility53.7%annualised

Beta vs sector index1.713-year daily, correlation 0.68

Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-64.2% (2019-01 peak to 2020-03 low, recovered 2020-12)

-55.6% (2021-05 peak to 2022-06 low, recovered 2023-12)

-52.9% (2024-05 peak to 2025-04 low, recovered 2025-12)

Most recent volume spikes

2026-08-27: 6.3x the 50-day median, price -3.6% that day

2026-08-26: 15.5x the 50-day median, price +4.4% that day

2026-08-25: 12.3x the 50-day median, price -7.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

36.6xP/E todayWithin its usual range

Against its own history33rd percentile

CheapestMedian 54.2xDearest

Usual range 24.3x to 104.9x since 2019-06.

Against Non-Energy Minerals36.6x vs 21.8x

This company

36.6x

Sector median

21.8x

68% above the Non-Energy Minerals median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianNon-Energy Minerals median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Non-Energy Minerals is valued

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE99th▲ 11 pts vs a year ago
Op. margin99thflat vs a year ago
Revenue growth97th▲ 22 pts vs a year ago
EPS growth91st▲ 10 pts vs a year ago
Debt/equity ↓90th▲ 6 pts vs a year ago
Cash cycle ↓81stflat vs a year ago
P/E ↓28th▲ 17 pts vs a year ago
12M momentum86thflat vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~32%annual earnings growth implied by the price

At a P/E of 88.5x, the price would imply about 32.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹430.00
P/E: 36.6x
ROCE: 42.0%
Market Cap: ₹41566 cr
Revenue (TTM): ₹3497 cr
P/S: 11.9x
P/B: 12.4x
ROE: 34.0%
Operating Margin: 54.0%
Debt / Equity: 0.0x
Promoter Holding: 66.1%
12M Momentum: 31.5%

52-week range

₹308.50₹760.05

27% of the way from its 52-week low to its high

Price risk

1Y volatility

53.7%

Beta vs sector

1-year daily

1.69

Balance sheet & cash

Interest cover

operating profit ÷ interest

100.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.41x

Share count, 1Y

unchanged

Are profits backed by cash?

6 of 6checks within rangeAll clear

Other income reliance-1%Within range

Other income as a share of pre-tax profit (trailing twelve months): -1.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.41xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.41x (cash from operations ₹2,359 cr, net profit ₹1,679 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-13 daysWithin range

Debtor days are below the median of the previous three fiscal years by 13 days (16 vs 29). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress39% of fixed assetsWithin range

Capital work-in-progress is 39% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, DIIs trimmed 8.4 pts; FIIs added 3.8 pts.
The number of shareholders rose from 3.2 lakh to 13.1 lakh (+312%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters66.1%66.1%0.0 pts

FIIs2.2%6.0%+3.8 pts

DIIs13.3%4.8%-8.4 pts

Public and others18.4%23.1%+4.7 pts

Number of shareholders

13.1 lakhshareholders+312% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−16.4%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like HINDUSTAN COPPER LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −32% to −1% vs the market, against −7% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −9.4%, 80% range −19.5% to −4.4%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−16.4%

All companies' median

−7.0%

Beat the market

26% vs 42%

50 past situations · 50 companies · 27 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
KFINTECH Technology Services	Aug 2025	53x	33%	−2%	−36%	−12%
CDSL Finance	Jan 2025	51x	40%	+48%	−33%	−5%
MAZDOCK Producer Manufacturing	Aug 2024	44x	44%	+129%	−26%	+33%
ZENTEC Technology Services	Feb 2025	44x	46%	+21%	−59%	+10%
TANLA Technology Services	May 2022	51x	52%	+45%	−36%	−46%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
VAIBHAVGBL Consumer Durables	Jun 2021	48x	36%	+213%	−20%	−62%
CAPLIPOINT Health Technology	Dec 2020	18x	33%	+68%	−20%	+26%
BLS Technology Services	Sep 2023	51x	32%	+77%	−16%	+1%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, debt/equity and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to HINDUSTAN COPPER LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

HBL ENGINEERINGHBLENGINE

Producer Manufacturing

72%similar

debt/equityrevenue

NIPPON LIFE IND ASSET MANAGEMENAM-INDIA

Finance

63%similar

ROCEoperating margin

GARWARE HI TECH FILMSGRWRHITECH

Process Industries

61%similar

volatilitymarket cap

MULTI COMMODITY EXCHANGEMCX

Finance

55%similar

operating marginROCE

SUPRIYA LIFESCIENCESUPRIYA

Health Technology

54%similar

volatilityrevenue growth

SANDUR MANGANESE & IRON ORES LSANDUMA

Non-Energy Minerals

40%similar

revenue growthEPS growth

NATIONAL ALUMINIUM CONATIONALUM

Non-Energy Minerals

35%similar

operating marginROCE

GALLANTT ISPATGALLANTT

Non-Energy Minerals

34%similar

EPS growthvolatility

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Oct '21

2026
OctPriceFell 48% from the Jan 2026 peak to the Oct 2026 low.
AugPriceVolume reached 15.5x its 50-day median on 2026-08-26; price +4.4% that day.
JanValuationP/E crossed above the 90th percentile of its own history to date (116.6x).
JanPriceVolume reached 5.1x its 50-day median on 2026-01-05; price +2.0% that day.
2025
DecPriceRegained the 2024-05 peak, 8 months after the low.
DecPriceVolume reached 22.6x its 50-day median on 2025-12-29; price +2.5% that day.
SepPriceVolume reached 22.3x its 50-day median on 2025-09-25; price +6.3% that day.
JunResultsRevenue (TTM) reached a new high of ₹2,071 cr.

Show 22 earlier events

2025
JunPeer rankMoved into the top quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
AprPriceFell 53% from the May 2024 peak to the Apr 2025 low.
2024
SepResultsYear-on-year EPS growth turned positive.
SepInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 12.6%.
SepPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
AugValuationP/E crossed above the 90th percentile of its own history to date (108.7x).
AprValuationP/E crossed above the 90th percentile of its own history to date (126.1x).
AprPriceVolume reached 5.4x its 50-day median on 2024-04-09; price +8.1% that day.
2023
DecPriceRegained the 2021-05 peak, 18 months after the low.
DecPriceVolume reached 17.9x its 50-day median on 2023-12-28; price +14.9% that day.
AugPriceVolume reached 12.3x its 50-day median on 2023-08-01; price +6.6% that day.
JunResultsYear-on-year EPS growth turned negative.
JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
FebDebtDebt / equity halved over 12 months to 0.21x.
JanPriceVolume reached 5.9x its 50-day median on 2023-01-10; price +3.0% that day.
2022
JulDebtDebt / equity halved over 12 months to 0.21x.
JunResultsRevenue (TTM) reached a new high of ₹1,822 cr.
JunPriceFell 56% from the May 2021 peak to the Jun 2022 low.
JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the bottom quartile).
JunDebtDebt / equity fell below 1.0x (0.21x).
JanPriceVolume reached 5.6x its 50-day median on 2022-01-04; price +4.5% that day.
2021
OctPriceVolume reached 10.5x its 50-day median on 2021-10-06; price +4.1% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	36.6x	₹3497 cr	34.0%	42.0%	0.0x
2026-10	34.1x	₹3497 cr	34.0%	42.0%	0.0x
2026-09	40.2x	₹3497 cr	34.0%	42.0%	0.0x
2026-08	55.3x	₹3077 cr	27.5%	42.0%	0.0x
2026-07	51.7x	₹3077 cr	27.5%	42.0%	0.0x
2026-06	52.7x	₹3077 cr	27.5%	42.0%	0.0x
2026-05	78.6x	₹2652 cr	24.8%	24.0%	0.1x
2026-04	78.1x	₹2652 cr	24.8%	24.0%	0.1x
2026-03	66.2x	₹2652 cr	24.8%	24.0%	0.1x
2026-02	96.3x	₹2293 cr	21.3%	24.0%	0.1x
2026-01	116.6x	₹2293 cr	21.3%	24.0%	0.1x
2025-12	88.1x	₹2293 cr	21.3%	24.0%	0.1x
2025-11	65.0x	₹2093 cr	18.3%	24.0%	0.1x
2025-10	67.6x	₹2093 cr	18.3%	24.0%	0.1x
2025-09	65.5x	₹2093 cr	18.3%	24.0%	0.1x
2025-08	47.8x	₹2071 cr	17.5%	24.0%	0.1x
2025-07	50.6x	₹2071 cr	17.5%	24.0%	0.1x
2025-06	58.1x	₹2071 cr	17.5%	24.0%	0.1x
2025-05	59.5x	₹1905 cr	17.6%	18.0%	0.1x
2025-04	51.3x	₹1905 cr	17.6%	18.0%	0.1x
2025-03	53.1x	₹1905 cr	17.6%	18.0%	0.1x
2025-02	48.6x	₹1976 cr	17.6%	18.0%	0.1x
2025-01	57.4x	₹1976 cr	17.6%	18.0%	0.1x
2024-12	59.6x	₹1976 cr	17.6%	18.0%	0.1x
2024-11	73.8x	₹1839 cr	15.8%	18.0%	0.1x
2024-10	78.7x	₹1839 cr	15.8%	18.0%	0.1x
2024-09	92.0x	₹1839 cr	15.8%	18.0%	0.1x
2024-08	108.7x	₹1716 cr	12.9%	18.0%	0.1x
2024-07	105.1x	₹1716 cr	12.9%	18.0%	0.1x
2024-06	104.2x	₹1716 cr	12.9%	18.0%	0.1x
2024-05	116.3x	₹1677 cr	14.2%	18.0%	0.1x
2024-04	126.1x	₹1677 cr	14.2%	18.0%	0.1x
2024-03	90.9x	₹1677 cr	14.2%	18.0%	0.1x
2024-02	88.2x	₹1677 cr	14.2%	18.0%	0.1x
2024-01	94.5x	₹1677 cr	14.2%	18.0%	0.1x
2023-12	89.4x	₹1677 cr	14.2%	18.0%	0.1x
2023-11	56.6x	₹1677 cr	14.2%	18.0%	0.1x
2023-10	46.8x	₹1677 cr	14.2%	18.0%	0.1x
2023-09	53.1x	₹1677 cr	14.2%	18.0%	0.1x
2023-08	51.8x	₹1677 cr	14.2%	18.0%	0.1x
2023-07	46.1x	₹1677 cr	14.2%	18.0%	0.1x
2023-06	37.9x	₹1677 cr	14.2%	18.0%	0.1x
2023-05	29.3x	₹1822 cr	19.6%	18.0%	0.2x
2023-04	26.2x	₹1822 cr	19.6%	18.0%	0.2x
2023-03	25.4x	₹1822 cr	19.6%	18.0%	0.2x
2023-02	25.1x	₹1822 cr	19.6%	18.0%	0.2x
2023-01	31.9x	₹1822 cr	19.6%	18.0%	0.2x
2022-12	28.3x	₹1822 cr	19.6%	18.0%	0.2x
2022-11	30.3x	₹1822 cr	19.6%	18.0%	0.2x
2022-10	26.6x	₹1822 cr	19.6%	18.0%	0.2x
2022-09	27.6x	₹1822 cr	19.6%	18.0%	0.2x
2022-08	30.7x	₹1822 cr	19.6%	18.0%	0.2x
2022-07	26.6x	₹1822 cr	19.6%	18.0%	0.2x
2022-06	22.5x	₹1822 cr	19.6%	18.0%	0.2x
2022-05	88.3x	₹1787 cr	10.1%	6.0%	1.0x
2022-04	95.2x	₹1787 cr	10.1%	6.0%	1.0x
2022-03	95.6x	₹1787 cr	10.1%	6.0%	1.0x
2022-02	98.9x	₹1787 cr	10.1%	6.0%	1.0x
2022-01	103.8x	₹1787 cr	10.1%	6.0%	1.0x
2021-12	104.8x	₹1787 cr	10.1%	6.0%	1.0x

Older months are in the live observatory.

Methodology and data notes