Hind Copper share price target 2024, 2025, 2026, 2027, 2030 prediction
This post was most recently updated on January 6th, 2024
Hindustan Copper Ltd. (HINDCOPPER) is the only vertically integrated copper producer in India, engaged in the mining, beneficiation, smelting, refining, and casting of refined copper metal. In this article, we will look at Hind Copper share price target 2024, 2025, 2026, 2027, 2030.
In this blog post, we will analyze Hind Copper’s business, competitors, growth opportunities, strengths, weaknesses, opportunities, threats, financials, and key things to watch out for in Hind Copper Stock.
Consider reading: REC Share Price Target
Page Contents
Hind Copper share price target 2024, 2025, 2026, 2027, 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | 238.70 | 264.75 | 251.73 |
| 2025 | 298.38 | 330.94 | 314.66 |
| 2026 | 372.97 | 413.67 | 393.32 |
| 2027 | 466.21 | 517.09 | 491.65 |
| 2028 | 582.76 | 646.36 | 614.56 |
| 2029 | 728.45 | 807.95 | 768.20 |
| 2030 | 910.57 | 1,009.94 | 960.25 |
| 2031 | 1,138.21 | 1,262.43 | 1,200.32 |
| 2032 | 1,422.76 | 1,578.03 | 1,500.40 |
| 2033 | 1,778.45 | 1,972.54 | 1,875.50 |
Hind Copper share price target 2024
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | 238.70 | 264.75 | 251.73 |
Hind Copper share price target 2024: In 2024, analysts projected Hind Copper share price target to range from a minimum of ₹238.70 to a maximum of ₹264.75, with an average target of ₹251.73.
Hind Copper share price target 2025
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2025 | 298.38 | 330.94 | 314.66 |
Hind Copper share price target 2025: For the year 2025, analysts anticipated Hind Copper’s share price to be in the range of ₹298.38 (minimum) to ₹330.94 (maximum), with an average target of ₹314.66.
Hind Copper share price target 2026
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2026 | 372.97 | 413.67 | 393.32 |
Hind Copper share price target 2026: In 2026, Hind Copper’s share price target was estimated to have a minimum target of ₹372.97, a maximum target of ₹413.67, and an average target of ₹393.32.
Hind Copper share price target 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2030 | 910.57 | 1,009.94 | 960.25 |
Hind Copper share price target 2030: For the year 2030, analysts expected Hind Copper’s share price to fall within the bracket of ₹910.57 (at the lower end) to ₹1,009.94 (at the upper end), while setting an average target at ₹960.25.
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Hind Copper share price Live Chart Today and History
Competitors of Hind Copper Stock
Hind Copper faces competition from both domestic and international players in the copper market. The major competitors of Hind Copper are:
- Hindustan Zinc Ltd. (HINDZINC): Primarily a leading producer of zinc and lead in India, Hindustan Zinc also specializes in silver and cadmium production. As of December 28, 2023, the company boasts a market capitalization of Rs. 1,32,084 crore. It closed at Rs. 312.60 on the NSE, marking a 0.58% increase. The fiscal year ending March 31, 2023, saw the company achieve a revenue of Rs. 34,098 crore and a net profit of Rs. 10,520 crore, reflecting growth rates of 19.4% and 35.8% respectively. Additionally, the company announced a dividend of Rs. 21.30 per share for 2022-23, with a notable dividend yield of 6.81%, surpassing the industry average of 1.06%.
- Vedanta Ltd. (VEDL): Vedanta, a diversified entity in natural resources, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, aluminium, and power. As of the same date, Vedanta’s market capitalization stood at Rs. 95,737 crore with a closing share price of Rs. 257.55 on the NSE, a 1.58% rise. The company reported a revenue of Rs. 68,080 crore and a net profit of Rs. 27,782 crore for the financial year ending March 31, 2023. It also declared a dividend of Rs. 18.50 per share for 2022-23, with a dividend yield of 7.18%.
- Precision Wires India Ltd. (PREWIR): The largest manufacturer of copper wires in India, Precision Wires caters to diverse sectors including power, telecom, railways, automobiles, and electronics. The company’s market capitalization was Rs. 1,307 crore as of December 28, 2023, with a closing share price of Rs. 1,087.95 on the NSE. The fiscal year 2022-23 saw the company achieving a revenue of Rs. 2,524 crore and a net profit of Rs. 101 crore. The declared dividend was Rs. 5.00 per share for the year, with a dividend yield of 0.46%.
Comparative Analysis of Hind Copper: Hind Copper stands out in the metal production sector, facing intense competition in both domestic and global markets. It has established a strong presence with a higher valuation and a lower dividend yield compared to its competitors, reflecting its robust growth prospects and market dominance. Moreover, Hind Copper’s higher margins and return on equity underscore its operational efficiency and profitability.
Consider reading: Vedanta Share Price Target
Hind Copper share: Buy or Sell?
Growth Opportunity for Hind Copper Stock
Hind Copper has a significant growth opportunity in the domestic and global copper market, driven by the following factors:
- Rising Demand in Key Industries: The demand for copper is surging, particularly in sectors like renewable energy, electric vehicles, telecom, and electronics, where copper is crucial. The International Copper Association forecasts a 2.6% annual increase in global copper demand through 2030, expected to reach 28.8 million tonnes. This burgeoning demand presents significant opportunities for Hind Copper.
- Challenges in Copper Supply: The global copper supply faces constraints due to diminishing ore grades and escalating production costs. Expected to grow at a modest 1.7% annually until 2030, reaching 24.6 million tonnes, this creates a supply-demand gap. As a cost-efficient producer, Hind Copper is well-positioned to capitalize on this gap.
- Capacity Expansion and Modernization: Hind Copper is vigorously expanding and modernizing its capacities. The company’s initiatives aim to increase mining capacity from 3.8 million tonnes per annum (MTPA) to 20.2 MTPA by 2025-26 and enhance smelting and refining capacities from 31,000 tonnes per annum (TPA) to 100,000 TPA by 2023-24. These strategic moves are set to improve operational efficiency, product quality, and profitability.
- Product Diversification and Value Addition: The company is venturing into high-margin products like copper telluride, selenium, gold, and silver derived from anode slime, and copper nickel tubes and rods from copper cathodes. This diversification enhances Hind Copper’s market presence and competitive advantage.
Summary: A Bright Future Ahead for Hind Copper Hind Copper is strategically positioned to leverage its dominant role in the Indian copper market and explore the expanding global demand amidst constrained supply. The company’s expansion, modernization efforts, and diversified product portfolio are expected to significantly boost production capacity, operational efficiency, and profitability.
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SWOT Analysis of Hind Copper Stock
A SWOT analysis is a strategic tool that evaluates the strengths, weaknesses, opportunities, and threats of a company or a stock. Here is a SWOT analysis of Hind Copper Stock, based on the latest available data and information:
Strengths:
- Market Leadership and Vertical Integration: Hindustan Copper holds a dominant position as India’s only vertically integrated copper producer, commanding about 60% market share in the refined copper segment. This comprehensive control over the entire copper value chain, from mining to casting, furnishes Hind Copper with a significant competitive edge.
- Cost-Efficiency: Benefiting from economies of scale, captive power generation, and favorable ore grades, Hind Copper’s production costs are notably low. In 2020-21, its cash cost was just $0.48 per pound of copper, substantially lower than the global average of $1.36 per pound.
- Strong Financials and Dividend Policy: The company’s financial health is robust, evidenced by a revenue of Rs. 1,677 crore and a net profit of Rs. 295 crore for the year ending March 31, 2023. With a steady dividend policy and a healthy debt to equity ratio of 0.99 as of September 30, 2023, Hind Copper maintains a solid financial standing.
Weaknesses:
- High Valuation: The stock’s price to earnings ratio of 71.07 and price to book value ratio of 14.32, as of December 28, 2023, are higher than industry averages, suggesting a potential overvaluation and risk of future price correction.
- Low Dividend Yield: At a dividend yield of 0.39%, Hind Copper offers limited income return to investors, potentially reducing its appeal to those seeking dividend income.
Opportunities:
- Rising Copper Demand: With increasing copper use in renewable energy, electric vehicles, telecom, and electronics, Hind Copper stands to benefit from the projected global copper demand growth of 2.6% annually until 2030.
- Supply-Demand Gap Exploitation: The global copper supply is expected to grow only 1.7% annually until 2030, potentially leading to higher copper prices and improved margins for Hind Copper.
- Capacity Expansion and Modernization: The company’s projects to increase mining and smelting capacities are set to boost operational efficiency, product quality, and profitability.
- Product Portfolio Diversification: Exploring new products with higher margins, such as copper telluride and copper nickel tubes, enhances Hind Copper’s market positioning and competitive edge.
Threats:
- Competitive Pressure: With formidable competitors like Hindustan Zinc, Vedanta, and Precision Wires, Hind Copper faces challenges in maintaining its market share and pricing power.
- Copper Price Volatility: Fluctuations in global copper prices, influenced by diverse factors, pose risks to Hind Copper’s revenue and profitability.
- Environmental and Social Risks: As a mining and processing entity, Hind Copper is subject to environmental and social challenges, potentially leading to increased compliance costs and reputational risks.
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Hind Copper Company Financials
Hindustan Copper Limited, a key public sector entity under the Ministry of Mines, is a prominent player in the metals sector, listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the symbol HINDCOPPER. As of December 28, 2023, its market capitalization stood at a robust Rs. 22,749 crore, with a notable closing share price of Rs. 270.25 on the NSE, marking a 14.88% increase from the previous day.
Five-Year Financial Performance Snapshot:
| Financial Year | Revenue (Rs. crore) | Net Profit (Rs. crore) | EPS (Rs.) | Dividend (Rs.) | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| 2022-23 | 1,677 | 295 | 3.30 | 1.50 | 14.18 | 9.18 |
| 2021-22 | 1,574 | 259 | 2.90 | 1.00 | 13.55 | 8.06 |
| 2020-21 | 1,182 | 69 | 0.80 | 0.00 | 6.33 | 3.29 |
| 2019-20 | 1,665 | 145 | 1.70 | 0.50 | 15.11 | 8.77 |
| 2018-19 | 1,852 | 145 | 1.70 | 0.50 | 8.89 | 5.32 |
This data indicates a consistent profitability and dividend-paying trend over the past five years. The fiscal year ending March 31, 2023, saw the company achieve a revenue of Rs. 1,677 crore and a net profit of Rs. 295 crore, representing growth rates of 6.5% and 13.8%, respectively.
Financial Health and Valuation:
- The company maintains a strong balance sheet, evidenced by a debt-to-equity ratio of 0.99 as of September 30, 2023.
- Positive free cash flow has been recorded over the last three years.
- The Return on Equity (ROE) and Return on Capital Employed (ROCE) for 2022-23 are impressive at 14.18% and 9.18%, respectively.
- However, Hind Copper’s price-to-earnings ratio stands at 71.07, and the price-to-book value ratio is 14.32 as of December 28, 2023, both exceeding industry averages.
- The dividend yield of 0.39% is lower than the industry average, highlighting a potential area for improvement.
Summary:
Hind Copper Company showcases a strong financial performance with a robust balance sheet and consistent dividend policy. Despite a high valuation reflecting growth potential and market leadership, the company’s high margin and return on equity underscore its operational efficiency and profitability.
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Key Things to Watch Out for Hind Copper Shares
Hind Copper presents a notable investment opportunity, especially for those with a long-term horizon. Yet, like any investment, it’s essential to stay vigilant about certain factors that could influence its performance. Here are key aspects that investors should keep a close watch on:
- Copper Price Volatility: As the primary commodity of Hind Copper, fluctuations in copper prices directly impact the company’s revenue and profitability. Influenced by global demand-supply dynamics, exchange rates, geopolitical scenarios, and environmental policies, copper prices can be unpredictable. Investors need to stay updated with copper price trends and projections, adapting their investment decisions to these fluctuations.
- Competitive Landscape: Hind Copper operates in a competitive environment, contending with domestic and international entities like Hindustan Zinc, Vedanta, and Precision Wires. These competitors, with varied product offerings and cost structures, can potentially challenge Hind Copper’s market share and pricing strategy. Therefore, investors should continually evaluate Hind Copper’s performance relative to its peers, assessing its competitive positioning and market differentiation.
- Environmental and Social Governance (ESG) Risks: The copper mining and processing industry is inherently associated with environmental and social challenges, including land use, water management, waste disposal, and carbon emissions. Hind Copper’s compliance with environmental standards and its response to social responsibilities are crucial. Potential legal, regulatory, and reputational challenges arising from these aspects could impact the company’s operations and costs. Hence, it’s crucial for investors to scrutinize Hind Copper’s commitment to sustainability and its ESG initiatives.
Summary: Investing in Hind Copper requires a balanced view of its potential growth drivers and inherent risks. Monitoring copper prices, understanding competitive dynamics, and assessing ESG-related risks are fundamental for investors to make informed decisions.
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Final Thoughts on Hind Copper share price target 2024, 2025, 2026, 2027, 2030
For those considering a long-term investment in the copper industry, Hindustan Copper Limited (Hind Copper) emerges as a compelling option. As India’s sole vertically integrated copper producer, Hind Copper boasts a commanding market presence, marked by efficient production, robust financial health, and a reliable dividend approach.
The company is strategically positioned to capitalize on the escalating global and domestic copper demand, further bolstered by its ambitious initiatives in capacity expansion, modernization, and product diversification.
However, prudent investors should also weigh the inherent risks associated with Hind Copper. Key considerations include the unpredictability of copper prices, stiff competition in the market, and the environmental and social implications of copper production. Keeping a close watch on these dynamics is crucial for making well-informed investment choices.
This blog post offers a detailed and insightful exploration of Hind Copper Stock, encompassing its market overview, competitive landscape, growth potential, comprehensive SWOT analysis, financial performance, and critical factors to consider.
Our goal is to equip you with a deeper understanding of Hind Copper Stock, providing valuable insights and guidance for your investment journey. Thank you for engaging with our analysis, and we wish you success in your investment endeavors!
FAQs on Hind Copper share price target 2024, 2025, 2026, 2027, 2030
What is Hind Copper share price target 2024?
In 2024, analysts anticipated that Hind Copper share price target would vary, ranging from a minimum of ₹238.70 to a maximum of ₹264.75, with an average target at ₹251.73.
What is Hind Copper share price target 2025?
In 2025, analysts expected Hind Copper share price target to fall within the range of ₹298.38 at the minimum to ₹330.94 at the maximum, while setting an average target at ₹314.66.
What is Hind Copper share price target 2026?
During 2026, Hind Copper share price target was estimated to include a minimum target of ₹372.97, a maximum target of ₹413.67, and an average target of ₹393.32.
What is Hind Copper share price target 2030?
In the year 2030, analysts anticipated that Hind Copper share price target would range from ₹910.57 at the lower end to ₹1,009.94 at the upper end, with an average target set at ₹960.25.
