Hindustan Copper Ltd Share Price – NSE  /  BSE

Non Ferrous Metals, Small Cap

Hindustan Copper Ltd rose for a third straight session today. The stock is quoting at Rs 330.25, up 1.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24279.9. The Sensex is at 79810.25, down 0.3%. Hindustan Copper Ltd has dropped around 2.09% in last one month.

Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has dropped around 3.64% in last one month and is currently quoting at 9936.8, up 0.47% on the day. The volume in the stock stood at 39.92 lakh shares today, compared to the daily average of 70.78 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 331.15, up 1.15% on the day. Hindustan Copper Ltd is up 170.7% in last one year as compared to a 24.53% gain in NIFTY and a 57.83% gain in the Nifty Metal index.

The PE of the stock is 107.05 based on TTM earnings ending March 24.

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Hindustan Copper Ltd gained for a third straight session today. The stock is quoting at Rs 340.8, up 1.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76478.93, up 1.87%. Hindustan Copper Ltd has slipped around 7.88% in last one month.

Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has slipped around 7.91% in last one month and is currently quoting at 9632.5, up 1.98% on the day. The volume in the stock stood at 56.25 lakh shares today, compared to the daily average of 143.24 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 340.25, up 0.58% on the day. Hindustan Copper Ltd is up 200.4% in last one year as compared to a 24.64% spurt in NIFTY and a 61.89% spurt in the Nifty Metal index.

The PE of the stock is 110.57 based on TTM earnings ending March 24.

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Revenue from operations rose marginally on YoY basis to Rs 565.37 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 183.73 crore in March 2024 quarter, up 5.63% from Rs 173.93 crore in same quarter last year.

Total expenses declined 8.22% to Rs 401.49 crore in fourth quarter of FY24 over same period a year ago. Cost of material consumed was at Rs 15.88 crore (up 115.76% YoY) while employee benefits expense was Rs 62.58 crore (down 20.75% YoY) during the period under review.

On a full year basis, the company’s consolidated net profit rose marginally to Rs 295.73 crore in FY24 as against Rs 295.32 crore in FY23. Revenue from operations increased 2.37% YoY to Rs 1,717 crore in the financial year ended March 2024.

Meanwhile, the board recommended a dividend of Re 0.92 per equity share for the financial year ended 2023-24.

Further, the company’s board has recommended to seek approval of shareholders to offer, issue and allot secured or unsecured non-convertible debentures or bonds on private placement basis up to Rs.500 crore.

Hindustan Copper (HCL) is a vertically integrated copper producing company. The principal activities of the company are exploration, exploitation, mining of copper and copper ore including beneficiation of minerals, smelting and refining.

The scrip fell 0.75% to end at Rs 371.40 on Friday, 24 May 2024.

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Hindustan Copper announced that the Board of Directors of the Company at its meeting held on 24 May 2024, inter alia, have recommended the final dividend of Rs 0.92 per equity Share (i.e. 18.4%) , subject to the approval of the shareholders.

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