Hindustan Copper Ltd - 513599

Name of Company	Hindustan Copper Ltd
BSE Code	513599
NSE Code	HINDCOPPER
ICICI Code
Established	1967
My Take	Dislike
Headquarters
Promoters	Govt of India
Story	Controlled by ministry of Mines. Only vertically integrated copper company in India. Operations in: Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan Indian Copper Complex (ICC) at Ghatsila, Jharkhand Malanjkhand Copper Project (MCP) at Malanjkhand, MP Taloja Copper Project (TCP) at Taloja, Maharashtra
Sector	Metals
Sub-sector	Copper
Website	http://www.hindustancopper.com/
Positives	Margins >10% except for one loss making year in the past 5 years.
Negatives	Too costly valuations. Revenues have not risen much over the last 5 years (914 Cr in FY06 compared to 1304 Cr in FY10). No dividend history.
Peers	Sterlite, Nissan Copper, Arcotech
News
Price @ blogged	332 (26-Dec-10)
Cost of company	30.7K Cr market cap for a FY10 NP of 154 Cr values this at 200 times. For a zero debt company with 659 Cr reserves, this is very costly. But we need to value the mines as well.