Rs 24 to Rs 110: This government CPSE has mined over 350% returns for its investors in the last two years!

Rs 24 to Rs 110: This government CPSE has mined over 350% returns for its investors in the last two years!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 06:10 pm 29.2k Views
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An investment of Rs 1 lakh in this stock two years ago would have turned to Rs 4.58 lakh today!

Hindustan Copper Ltd (HCL), a government-owned Central Public Sector Enterprise has made it to the list of multibaggers after the company’s stock delivered exceptional returns to its shareholders. The share price gradually ascended from Rs 24 apiece (as of 5 May 2020) to Rs 109.95 (as of 4 May 2022), which is an appreciation of 358% over the two-year holding period.

The company is one of the many companies that have seen an extraordinary run-up in their share price in the post covid period. It is currently trading at a TTM PE of 43x, as against the industry PE of 8.7x. In FY21, and delivered an ROE & ROCE of 17.39% and 7.61%, respectively.

Established in the year 1967, HCL is proudly called the copper miner in the nation. The fact that HCL is the country’s only vertically integrated copper producing company is a testimony to this. It manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.

Company has the facilities for the production and marketing of copper concentrate, copper cathodes, copper wire bar, continuous cast copper rods and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid. Presently, the company is focusing on mining and beneficiation operations and is primarily selling copper concentrate as the main product.

On the performance front, in the recent quarter Q3FY22, on a consolidated basis, the company’s net revenue surged 17.21% QoQ to Rs 544.41 crore. Similarly, the bottom line went up by 154% QoQ to Rs 171.73 crore.

At 2.57 pm, the shares of Hindustan Copper Ltd were trading at Rs 110.10, an increase of 0.14% from the previous day’s closing price of Rs 109.95 on BSE. The stock has a 52-week high & low of Rs 196.90 and Rs 105.05 respectively on BSE.

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