Hindustan Copper Limited (HINDCOPPER) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hindustan Copper Limited stock ₹317, price ₹430, that is 26.3% below the price, quality 87 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ₹81.56 – ₹755.97 · fair‑value band ₹233.04 – ₹392.44 · the ₹430.00 price screens above the ₹316.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Hindustan Copper Limited engages in the exploration, exploitation, and mining of copper and copper ores in India. It offers continuous cast copper rods, copper cathodes, copper concentrates, copper sulfate, sulphuric acid, reverts, anode slime, and nickel cathodes.
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The company's flagship project is the Malanjkhand Copper project located in Madhya Pradesh. It also involved in the beneficiation, smelting, and refining of minerals. The company also exports its products. Hindustan Copper Limited was incorporated in 1967 and is based in Kolkata, India.
Stock analysis
Hindustan Copper Limited (HINDCOPPER) currently trades at ₹430.00, while our model-based Fair Value estimate is ₹316.84, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹170.54 per share, and 0 of the 26 models we run sit above the ₹430.00 price.
Bear case: the Economic Profit group reads lowest at ₹72.32, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹233.04 (bear) to ₹392.44 (bull), the price of ₹430.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 87/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hindustan Copper Limited reported revenue of ₹30.8B in FY2026 versus ₹18.0B in FY2022, a compound +14.3%/yr. Reported net income was ₹9.2B in FY2026, compounding +25.2%/yr from FY2022.
Key figures
Market cap ₹416B (≈ $4.4B) Mid · P/E ratio 37.4 · P/S ratio 11.9 · EPS (TTM) ₹11.51 · Dividend yield 0.6% · Net margin 32.5% · Return on equity 30.6% · Return on assets (EBIT) 17.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −20% fair-value upside, at −26%, HINDCOPPER screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹3.54 to ₹274.73). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹233.04Fair Value ₹316.84Bull₹392.44
Price ₹430.00 · Downside -26.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹5.53 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+49.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Start year 2021 (pandemic). Over 10 years: +12.3% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+42.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+41.7%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.30.3% vs 30.4%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 41%
2026 sits 211% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +22.4% a year for the price.
AI conclusion: Expansion investments and record copper prices from data centre demand form the main strength, while government ownership priorities limit any durable moat as the key weakness.
Main risk: The government stake sale poses the biggest risk to the business by adding ownership uncertainty and sustained valuation pressure.
Hindustan Copper is ramping up mining output through major investments and partnerships while riding record copper prices from data centre and renewable demand. Our models still see the shares as overvalued despite the drop from the yearly peak. Will the expansion deliver enough to offset the government’s upcoming 6 percent stake sale or will valuation pressure keep weighing on sentiment?
Compare Hindustan Copper Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Copper · 56 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score87 · Top 25%
Fair Value upside−26.3% · Above median
Profitability
Return on equity (12 months)30.6% · Top 25%
Return on assets20.8% · Top 25%
Net margin (12 months)32.5% · Top 25%
Operating margin (12 months)48.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)81.4% · Top 25%
Dividend yield (12 months)0.6% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Copper median · lower = cheaper
P/E (12 months)37.4× · Priciest 25%
P/B12.44× · Priciest 25%
P/S (12 months)11.89× · Priciest 25%
Price / free cash flow (fiscal year)30.5× · Cheaper than median
EV/EBITDA23.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 44
HEALTH (low debt)99· sector 93
DIVIDEND (yield)11· sector 27
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Hindustan Copper Limited (HINDCOPPER) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹316.84 versus a price of ₹430.00, about 26% lower (overvalued).
What is the fair value of HINDCOPPER?
Our model-based fair value for Hindustan Copper Limited is ₹316.84 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹430.00.
What is the quality score of HINDCOPPER?
Hindustan Copper Limited has a Quality Score of 87/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hindustan Copper Limited (HINDCOPPER)?
Our model-based price target is the fair value of ₹316.84 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario ₹233.04, optimistic scenario ₹392.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Hindustan Copper Limited stock forecast for 2026?
Our models put fair value at ₹316.84, about 26% lower versus a price of ₹430.00 (overvalued). Cautious scenario ₹233.04, optimistic scenario ₹392.44. The calculation is refreshed regularly with new filings.
What is the revenue of Hindustan Copper Limited (HINDCOPPER)?
Hindustan Copper Limited reported trailing-twelve-month revenue of about ₹35.0B (latest available figure, as of Nov 7, 2026).
Does Hindustan Copper Limited pay a dividend?
Hindustan Copper Limited currently shows a dividend yield of 0.57% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hindustan Copper Limited (HINDCOPPER) and when is the ex-dividend date?
Hindustan Copper Limited pays a dividend of ₹2.46 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Sep 16, 2026. A dividend has been paid every year since 2021. The payout ratio is 21.4% of earnings. Free cash flow covers the dividend 5.73 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hindustan Copper Limited (HINDCOPPER)?
For today's price to be fair in a discounted-cash-flow model, Hindustan Copper Limited would have to grow free cash flow by +27.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of HINDCOPPER use?
Our models discount Hindustan Copper Limited at 13.9 %: a base by market capitalisation (mid), damped by beta 1.51, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hindustan Copper Limited that is +27.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Hindustan Copper Limited (HINDCOPPER) delivered so far?
Over the past 5 years revenue at Hindustan Copper Limited grew +11.8 % a year. The price currently implies free-cash-flow growth of +27.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hindustan Copper Limited (HINDCOPPER) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Hindustan Copper Limited (+27.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hindustan Copper Limited (HINDCOPPER)?
The free-cash-flow yield on the price is 3.28 %: that much free cash flow Hindustan Copper Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hindustan Copper Limited (HINDCOPPER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hindustan Copper Limited it is ₹316.84 per share (as of Nov 7, 2026), against a price of ₹430.00. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hindustan Copper Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, HINDCOPPER trades above its calculated fair value: price ₹430.00, fair value ₹316.84, a gap of about −26% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HINDCOPPER?
No. The price is what the market pays today (₹430.00); the fair value is what the company's own numbers justify (₹316.84). For Hindustan Copper Limited the two are ₹113.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hindustan Copper Limited worth?
The market values Hindustan Copper Limited at about ₹416B (market capitalisation, as of Nov 7, 2026). Per share that is ₹430.00; our models calculate a fair value of ₹316.84 per share.
What do the bullish and bearish scenarios say about HINDCOPPER?
Our models span a range for Hindustan Copper Limited: cautious scenario ₹233.04, base ₹316.84, optimistic ₹392.44 per share (as of Nov 7, 2026, price ₹430.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HINDCOPPER?
Hindustan Copper Limited trades at a price-to-earnings ratio of 37.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹316.84 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 47.7. Other multiples: P/B 12.4, P/S 11.9, EV/EBITDA 23.2.
How solid is the balance sheet of Hindustan Copper Limited (HINDCOPPER)?
Balance-sheet figures for Hindustan Copper Limited (as of Nov 7, 2026): return on equity 30.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 87/100, which measures business quality independently of the share price.
How far is HINDCOPPER from its 52-week high?
Hindustan Copper Limited trades at ₹430.00, about 43% below its 52-week high of ₹755.97 and 38% above the low of ₹311.62 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹316.84 is for.
Which stocks are comparable to Hindustan Copper Limited?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Lundin Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hindustan Copper Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹430.00, calculated fair value ₹316.84 (−26%), Quality Score 87/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HINDCOPPER calculated?
We run Hindustan Copper Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹316.84 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Hindustan Copper Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hindustan Copper Limited (HINDCOPPER)?
The closing price on Nov 9, 2026 was ₹430.00. Our model-based fair value is ₹316.84, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hindustan Copper Limited right now?
A high-quality business (quality 87/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹392.44). The favourable scenario is already priced in.
Where does the earnings growth of Hindustan Copper Limited (HINDCOPPER) come from?
Earnings per share at Hindustan Copper Limited grew +26.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.3 %, EBIT margin +25.5 %, tax rate +0.0 %, residual (interest, one-offs) −7.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hindustan Copper Limited
How large is the market capitalisation of Hindustan Copper Limited (HINDCOPPER)?
The market capitalisation of Hindustan Copper Limited is ₹416B (≈ $4.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hindustan Copper Limited (HINDCOPPER)?
The price-to-sales ratio of Hindustan Copper Limited is 11.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hindustan Copper Limited (HINDCOPPER)?
Earnings per share at Hindustan Copper Limited are ₹11.51 (price ÷ EPS = P/E 37.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hindustan Copper Limited (HINDCOPPER)?
The dividend yield of Hindustan Copper Limited is 0.6% (payout 21.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hindustan Copper Limited (HINDCOPPER)?
The net margin of Hindustan Copper Limited is 32.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hindustan Copper Limited (HINDCOPPER)?
The return on equity (ROE) of Hindustan Copper Limited is 30.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hindustan Copper Limited (HINDCOPPER)?
On an EBIT basis the return on assets of Hindustan Copper Limited is 17.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hindustan Copper Limited (HINDCOPPER)?
The operating margin of Hindustan Copper Limited is 48.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hindustan Copper Limited (HINDCOPPER)?
Revenue at Hindustan Copper Limited is growing +81.4% versus a year earlier (3y avg +22.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hindustan Copper Limited (HINDCOPPER)?
Earnings per share at Hindustan Copper Limited are growing +162% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hindustan Copper Limited (HINDCOPPER) hold?
Hindustan Copper Limited holds more cash than debt, ₹7.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026