Stock Name : Hindustan Copper Ltd                                  Buy : 134         Mar 14, 2021
Stopless/Horizon : 112 Target : 189

Overview: Hindustan Copper limited operates in Metals – Non-Ferrous sector, it is a Mid Cap company with a market capital of Rs 13,906.03 Crore. About the company: Hindustan Copper Limited, a public sector enterprise of the Government of India was incorporated on 9th November 1967. The company’s mines and plants are spread across five operating units namely, Khetri Copper Complex (Rajasthan), Malanjkhand Copper Project(Madhya Pradesh), Indian Copper Complex (Jharkhand), Taloja Copper Project (Maharashtra) and Gujarat Copper Project (Gujarat).In 1972 M/S Indian Copper Corporation Limited, Private Sector Company, located at Ghatsila,Jharkhand with Smelter and Refinery was Nationalized and made part of Hindustan Copper limited.
In 1975, Fully integrated Copper complex from mining to refining was started at Khetri ( capacity 31,000 tones of refined copper).In 1982, the largest hard rock open pit mine in the country was incorporated at Malanjkhand in Madhya Pradesh of capacity 2 million tones ore.In 1989, Continuous Cast Wire Rod plant of South Wire Technology of capacity 60,000 MT was commissioned at Taloja in Maharashtra.In 2015, Secondary Copper Smelter and Refinery Unit at Jhagadia, Gujarat ( 50,000 TPA of Copper Cathodes Conforming to LME-A grade ).
The firm is India's only vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal. Hindustan Copper Limited markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid.More than 90% of the sales revenue is generated from cathode and continuous cast copper rods.
Management: Mr. Arun Kumar Shukla is the Chairman and Managing Director of the enterprise.
Shareholding Pattern:
 Promoter: 76%
 FII: 0.4%
 Other Institutions: 13.3%
 Public: 10.2%
Sales Report: For the latest quarter (31-12-2020), Hindustan Copper has reported a Consolidated Total Income of Rs 546.68 Crore, which is up 81.02 % from the last quarter Total Income of Rs 302.00 Crore and up 413.41 % from previous year corresponding period’s Total Income of Rs 106.48 Crore. The Company’s net profit after tax was Rs 108.19 Crore in this quarter.
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