Hindustan Copper HINDCOPPER
Critical Minerals & Rare Earths: State-owned and India's only vertically integrated copper miner; 30% partner in KABIL
Mapped in 2 themes: Power Transmission & Grid and Critical Minerals & Rare Earths.
Where Hindustan Copper sits in the supply chain
Hindustan Copper appears in 3 supply-chain layers across 2 themes: Power Transmission & Grid and Critical Minerals & Rare Earths.
Power Transmission & Grid › CRGO, copper & aluminium
Indirect supplierState-owned, India's only integrated copper miner - copper for windings and cables starts here (also in the critical-minerals sector)
Other companies in this layer
Critical Minerals & Rare Earths › Copper & base-metal smelting
OwnerState-owned and India's only vertically integrated copper miner; 30% partner in KABIL
Other companies in this layer
Critical Minerals & Rare Earths › Lithium, cobalt & nickel
EnablerState-owned and India's only vertically integrated copper miner; 30% partner in KABIL
Other companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,822 | 1,677 | 1,717 | 2,071 | 3,078 |
| Net profit | 374 | 295 | 295 | 465 | 919 |
Latest-year revenue ₹3,078 Cr (FY26, company-wide).
Note: Only integrated Indian copper miner; KABIL partner.
Strengths · in Critical Minerals & Rare Earths
- Plans to lift ore capacity from about 4.2 to 12.2 million tonnes a year by FY30, with about ₹7,189 Cr of capex (company, 2026)
- The closest listed pure play on copper prices, which hit a record in Sep 2026
Risks · in Critical Minerals & Rare Earths
- FY26 ore output was 3.67 million tonnes - tripling it is a large execution task, and Indian mine expansions often slip
- Earnings swing with the copper price; most of India's copper still comes from imported concentrate
Common questions
What does Hindustan Copper do?
In Critical Minerals & Rare Earths: State-owned and India's only vertically integrated copper miner; 30% partner in KABIL. NextResearch maps it in 2 supply chains: Critical Minerals & Rare Earths and Power Transmission & Grid.
Where does Hindustan Copper sit in the supply chain?
Hindustan Copper (NSE: HINDCOPPER) is mapped in 3 supply-chain layers: CRGO, copper & aluminium (Power Transmission & Grid); Copper & base-metal smelting (Critical Minerals & Rare Earths); and Lithium, cobalt & nickel (Critical Minerals & Rare Earths).
Who are Hindustan Copper's peers?
In the Copper & base-metal smelting layer of Critical Minerals & Rare Earths: Hindalco Industries, Vedanta and Adani Enterprises.
What is Hindustan Copper's market cap and valuation?
As of 6 Nov 2026: market cap ₹40,721 Cr, P/E 33.7x, ROCE 42.4%, ROE 32.9%, dividend yield 0.68%.