Key Metrics of Hindustan Copper
About Hindustan Copper
Part of Life Insurance Corporation of India.
Sectors
Company details
- Website
- hindustancopper.com
- Founded
- 1967
- Registered office
- Tamra Bhavan 1, Ashutosh Chowdhury Avenue, Kolkata, In-wb, 700019
- Listed
- NSE: HINDCOPPER · ₹412.30
Operational Areas of Hindustan Copper
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
PositiveUpgraded by ICRA on 29 Sep 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 29 Sep 2026 | ICRA | Upgraded | AAA | A1+ | Stable | ₹2,200 Cr | View |
| 29 Apr 2026 | ICRA | Other | AA+ | A1+ | Stable | ₹2,200 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Healthy improvement in scale, profitability and cash flow generation, supported by favourable copper prices
HCL reported a healthy improvement in its operating performance in FY2026, supported by elevated copper prices, favourable by-product realisations, negative TC/RCs and higher MIC sales volumes.
+ Healthy capital structure and liquidity position; comfortable debt coverage indicators
HCL's capital structure and debt protection metrics remain strong, supported by healthy cash accruals and a sustained reduction in borrowings.
+ Thrust on developing mines to increase in-house ore production capacity
HCL is implementing its Vision 2030 expansion programme to increase mining capacity to 12.2 MTPA from the current 4.0 MTPA through the addition of operating mines, reopening and development of closed mines, and development of new mineral blocks.
Credit challenges
− Exposure to commodity cycle
HCL remains exposed to the movement in international copper prices, resulting in volatility in profitability and cash flows.
− Large, planned capital expenditure
HCL has envisaged a sizeable capex programme of around Rs. 7,000 crore under its Vision 2030 roadmap, to be implemented in phases over the medium term.
Could lead to a downgrade
The ratings could be unfavourably impacted in case of a sustained deterioration in HCL's business or financial risk profile, resulting in a material weakening in profitability,
Agency-reported financials (ICRA, 29 Sep 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Operating income (OI) | ₹9,367 Cr | ₹10,809 Cr | ₹13,286 Cr |
| PAT | ₹469 Cr | ₹921 Cr | ₹353 Cr |
| OPBDIT/OI | 38.5% | 48.6% | 54.2% |
| PAT/OI | 22.6% | 29.9% | 37.7% |
| Total outside liabilities/Tangible net worth (times) | 0.30× | 0.30× | — |
| Total debt/OPBDIT (times) | 0.20× | 0.10× | — |
| Interest coverage (times) | 102.70× | 267.10× | — |
| Revenue growth (YoY) | — | 15.4% | — |
| EBITDA (margin × income) | ₹3,606 Cr | ₹5,253 Cr | ₹7,201 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹721 Cr | ₹525 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹35.11 Cr | ₹19.67 Cr | — |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Term | Working capital & bank lines | ₹150 Cr | ₹150 Cr | 0.0% | AAA (Stable) | Upgraded | ICRA |
| loan Long-term – Fund-based – Cash Short term – Non-fund-based | Non-fund based limits | ₹350 Cr | ₹350 Cr | 0.0% | AA+ (Stable) | Upgraded | ICRA |
| Credit Others | Other | ₹300 Cr | ₹300 Cr | 0.0% | AA+ / A1+ (Stable) | Reaffirmed | ICRA |
| Long-term – Non-fund-based – Long-term/Short-term – term | Non-fund based limits | ₹500 Cr | ₹500 Cr | 0.0% | AAA (Stable) | Upgraded | ICRA |
| Others long | Other | ₹800 Cr | ₹800 Cr | 0.0% | AA+ / A1+ (Stable) | Reaffirmed | ICRA |
| Unallocated limits short-term Commercial paper | Commercial paper | ₹100 Cr | ₹100 Cr | 0.0% | AA+ / A1+ (Stable) | Reaffirmed | ICRA |
Credit assessment · Non-ferrous metals
Rating Methodology – Non-Ferrous Metals (Sep 2024) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 52% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 52% chance the next rating action is stable or better
- Current rating AAA (investment grade)
- Interest coverage 267.1×
- ₹100 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Total debt declined to Rs. 110.9 crore as on March 31, 2026 from Rs. 166.5 crore as on March 31, 2025, while free cash and bank balances stood at Rs. 809.6 crore, leading to a negative net debt position.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Hindustan Copper
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Part of Aditya Birla Group. | hindalco.com | 1962 | Mumbai, India | |
| Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | coalindia.in | 1975 | Kolkata, India | |
| Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | vedantalimited.com | — | Coimbatore, India | |
 Adani Enterprises |
Part of Adani Group. | adanienterprises.com | 1993 | Ahmedabad, India |
 Hindustan Zinc |
Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | hzlindia.com | 1966 | Udaipur, India |
 National Aluminium Company (NALCO) |
Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | nalcoindia.com | — | India |
| Jain Resource Recycling Limited | Discovered Companies · Other Industries | — | — | Tamil Nadu, India |
| Sarda Energy & Minerals Limited | Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | — | — | Nagpur, Maharashtra, India |
 Pennar Industries Limited |
TMT Bars & Secondary Steel · Steel, Metals & Pipes | pennarindia.com | 1977 | Hyderabad, Telangana, India |
| Mangalam Worldwide Limited | Discovered Companies · Other Industries | — | — | Ahmedabad, Gujarat, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Group companies
Business activities and related parties
Copper mining
Filings
No filings on record yet.