Vedanta has shown interest in acquiring Hind Copper as per newspaper reports
Mint: Vedanta eyes buying govt stake in Hindustan Copper.
2 Likes
5 Likes
HCLâs physical performance:
| FY20 | FY21 | |
|---|---|---|
| Revenue (Rs. Cr) | 832 | 1787 |
| Volume sold (tonnes) | 18408 | 32997 |
| Realization per tonne of MIC | 4,51,977 | 5,41,564 |
| Ore produced (lakh tonnes) | 39.68 | 32.73 |
| Metal-in-concentrate sold (tonnes) | 26502 | 23866 |
| Yield | 0.67% | 0.73% |
- Current price of copper is Rs. 811,000 per tonne.
- The avg realization for Q3FY22 was Rs. 7,15,000 which is ~33% higher than FY21 avg realization, and despite that HCLâs EBITDA margins didnât improve much (from 22% to 24%).
- For a mining company, the increase in EBITDA should be disproportinate with increase in realization, but thatâs not the case for HCL which I think is a dampener.
1 Like
One simple doubtâŚWhy it is valued at a price to sale ratio of 10 ??
1 Like
Anyone tracking the company, I read somewhere in invester presenation that they are increasing mining capacity to 4x, can someone provide some colour on their capex plans, structurally copper demand is very high even though world marks are in slowdown due to its inherent use in green energy and absence of any substitutes, I dont know if valuations are high because market is factoring the capex that the company has done, would be really helpful if someone could provide information related to it.
Hindustan Copper is likely to benefit from the shift toward green energy. Copper is also used in making EV components. The company has shown good profit growth. The price is not currently at its all time high. Adani and Hindalco are making investment.
2 Likes
Cyclical stocks, which are those whose performance is closely tied to the economic cycle (e.g., consumer discretionary, industrials, and materials sectors), are often valued using the price-to-sales (P/S) ratio
3 Likes
5 Likes
Copper prices trade off 9-month highs as Trumpâs shifting trade policies raise uncertainty on economic growth
1 Like
Hind Copper has entered structural bull run and it has done multiple cup & handle breakouts at various levels starting at 350, then 390, 420, and so on
Once it crosses 610 on weekly time frame then itâs heading towards 1200 levels
5 Likes
hind copper has already rallied 140% since august, can we expect a consolidation phase or will the copper rally extend hind coppers run even more?
3 Likes
LME Copper Extends Surge Above $14000 for first time