Hindustan Copper Limited (HINDCOPPER)

Metals & Mining · Non - Ferrous Metals · NSE · Updated 2 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹491.6 ↑ 107.46% (1Y)

🎯 Key Takeaways

Hindustan Copper Limited is undergoing a leadership transition with the appointment of Shri Anupam Misra as Chairman & Managing Director effective 01.07.
Revenue declined 36.7% QoQ to ₹328 in Q3FY25.
⚠️ Commodity price volatility in copper and related metals poses a persistent risk to revenue and margins, as evidenced by the sharp decline in Q3FY25 fi

Market Cap

₹55,145

P/E Ratio

137.1

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Hindustan Copper Limited is undergoing a leadership transition with the appointment of Shri Anupam Misra as Chairman & Managing Director effective 01.07.2026, succeeding Shri Sanjiv Kumar Singh who superannuated on 30.06.2026. The company operates in the non-ferrous metals sector with a focus on copper production, and its financial performance shows cyclical volatility tied to commodity cycles and operational scale. Recent governance actions, including a regulatory fine for board compliance lapses and dividend transfers to IEPF, reflect procedural adjustments during this transitional phase. The business remains capital-intensive with long-term mineral asset exposure, placing it in a mature but strategically repositioning phase.

📰 What's Happening

The company announced the appointment of Shri Anupam Misra as Chairman & Managing Director effective 01.07.2026, with a tenure until 28.02.2030, as per a Ministry of Mines order. This follows the superannuation of Shri Sanjiv Kumar Singh on 30.06.2026, who stepped down as CMD after completing his term. The board also faced a combined fine of Rs.19.12 lakhs from BSE and NSE in June 2026 for non-compliance with SEBI LODR norms regarding independent director appointments, which the company is seeking to overturn through official channels. Additionally, unclaimed dividends from the past seven years are being transferred to the Investor Education and Protection Fund (IEPF) Authority, with shareholders given a final opportunity to claim dues by 21 August 2026.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	560	371	381	399	565	494	518	328
Operating Profit	238	107	132	117	246	195	184	123
OPM %	33.2%	25.1%	31.8%	26.7%	40.0%	38.2%	29.3%	32.8%
Net Profit	132	47	61	63	124	113	102	63
EPS	₹1.37	₹0.49	₹0.63	₹0.65	₹1.29	₹1.17	₹1.05	₹0.65

Quarterly revenue has shown significant volatility, peaking at ₹565 crore in Q4FY24 before declining to ₹328 crore in Q3FY25, reflecting the inherent cyclicality of the copper business. Operating performance has similarly fluctuated, with OPM peaking at 40% in Q4FY24 but compressing to 32.8% in Q3FY25, aligning with lower volumes and market pricing. Net profit and EPS also declined sharply from ₹124 crore and ₹1.29 in Q4FY24 to ₹63 crore and ₹0.65 in Q3FY25, indicating pressure from reduced scale and potentially softer metal prices. These trends suggest that recent financial results are being influenced by both market conditions and operational cycles, with management likely navigating a period of stabilization following prior highs.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue, margins, or capital allocation in the available filings. However, the appointment of Shri Anupam Misra, with extensive experience in marketing and international trade from PSUs like FACT and STC of India, signals a potential strategic shift toward commercial optimization and global outreach. His background may indicate an emphasis on trade execution and stakeholder engagement as the company navigates its next phase of operational and leadership transition.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Non - Ferrous Metals

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Hindustan Zinc Limited	2.69 L Cr	28.7	—	—	—
Hindalco Industries Limited	2.40 L Cr	14.7	13.4%	13.0%	0.50
National Aluminium Company Limited	74,126	17.7	—	—	—
Hindustan Copper Limited	55,145	137.1	—	—	—
Deccan Gold Mines Limited	2,428	—	—	—	—
Arfin India Limited	1,543	99.9	—	—	—
Bhagyanagar India Limited	866	72.7	—	—	—
Maan Aluminium Limited	836	54.8	—	—	—
MMP Industries Limited	697	18.3	—	—	—
Manaksia Aluminium Company Limited	225	29.8	—	—	—

🔗 Peer Stock Analyses

HINDZINC HINDALCO NATIONALUM DECNGOLD ARFIN

⚠️ Risk Factors

1. Commodity price volatility in copper and related metals poses a persistent risk to revenue and margins, as evidenced by the sharp decline in Q3FY25 financials. 2. Governance and regulatory risks remain elevated, as demonstrated by the SEBI LODR fine and ongoing compliance scrutiny, which could lead to further penalties or reputational impact. 3. Leadership transitions in key managerial roles may introduce execution uncertainty during the stabilization phase following management change.

📋 Recent Filings

🧠 Analyst's Read

Hindustan Copper is in a transitional phase marked by leadership change, governance reviews, and cyclical financial performance tied to commodity markets. Investors should monitor the new management's strategic direction, particularly in commercial and operational execution, as well as the resolution of regulatory matters, for early signals of sustainable performance improvement.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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