Hindustan Copper Ltd.

Executive Summary : Mar 2014 - Mar 2023 : Non-

Annualised : Rs. Crore

Mar-14 Mar-15 Mar-16 Mar-17

12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP INDAS INDAS
-
Total income 1,727.89 1,220.03 1,136.25 1,346.53
Sales 1,625.04 1,138.20 1,074.22 1,228.71
Income from financial services 54.93 50.79 32.7 36.09

Change in stock 45.48 14.38 87.21 271.3

Total expenses 1,486.96 1,166.81 1,185.72 1,555.89

Raw materials, stores & spares 170.03 127.36 156.95 423.61
Power, fuel & water charges 190.15 176.11 169.72 206.98
Compensation to employees 361.98 340.08 336.09 330.47
Interest expenses 2.32 0.68 0.13 9.01
Depreciation 15.33 19.74 22.96 30.94

Profits
PBDITA 609.81 200.39 174.54 365.98
PBDITA net of P&E&OI&FI 512.15 124.54 113.09 248.51
Profit after tax (PAT) 286.41 67.6 37.74 61.94
PAT net of P&E 268.68 59.05 21.58 6.95

Total liabilities 2,978.53 2,976.88 2,852.64 2,639.19

Shareholders' funds 1,829.28 1,861.54 1,073.09 1,042.93
Paid up equity capital 462.61 462.61 462.61 462.61
Reserves and funds 1,366.67 1,398.93 947.95 1,004.35
Non-current liabilities (incl long term provns) 143.98 146.51 326.41 343.6
Long term borrowings 207.15 204.98
Current liabilities incl short term provns 1,005.27 968.83 1,115.67 828.63

Net worth 1,829.28 1,861.54 1,073.09 1,042.93

Tangible net worth 1,829.28 1,861.54 1,073.09 1,042.93

Total assets 2,978.53 2,976.88 2,852.64 2,639.19

Non-current assets 1,096.86 1,215.80 1,113.45 1,247.44
Net fixed assets 211.77 202.01 178.11 354.25
Long term investments 11
Current assets (incl short term invest & adv) 1,881.67 1,761.08 1,739.19 1,391.75

Profitability ratios (%)

Operating margin 31.52 10.94 10.53 20.23
Net profit margin 15.76 4.9 1.93 0.54
Return on net worth 15.44 3.2 1.47 0.66
 Return on total assets 9.6 1.98 0.79 0.29
Return on capital employed 15.44 3.2 1.37 0.5

Liquidity ratios (times)

Current ratio 1.851 1.803 1.478 1.512
Debt to equity ratio 0 0 0.193 0.453
Interest cover 178.978 106.735 182.308 5.365

Average cost of Funds (%) 0.13 2.65

Efficiency ratios (times)

Total income / total assets 0.618 0.41 0.414 0.569
Sales /NFA excl reval 7.773 5.501 5.652 4.616
Total income / compensation to employees 4.71 3.545 3.331 3.907
 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
INDAS INDAS INDAS INDAS INDAS INDAS

1,761.10 1,853.05 900.95 1,821.77 1,950.00 1,773.23

1,663.58 1,767.87 809.58 1,772.53 1,818.19 1,669.06
22.61 8.45 14.12 4 18.19 21.74

7.25 -143.37 51.14 -339.11 -59.31 7.91

1,688.74 1,564.17 1,521.44 1,372.68 1,516.91 1,485.83

559.92 205.69 132.11 92.32 224.51 122.22
217.84 226.61 184.13 121.65 124.1 122.72
327.89 316.51 271.53 277.11 371.82 304.54
21.29 55.46 60.42 62.61 28.93 15.93
38.64 39.67 42.43 45.83 38.12 26.36

436.35 665.05 112.28 587.84 683.49 606.7

339.2 584.94 29.88 636.35 604.12 502.59
79.61 145.51 -569.35 109.98 373.78 295.31
20.36 111.08 -595.19 197.54 339.11 239.9

2,977.81 3,543.05 3,416.64 3,143.02 3,346.83 3,442.86

1,043.26 1,172.47 524.87 739.7 1,017.27 1,063.65
462.61 462.61 462.61 462.61 483.51 483.51
1,064.69 1,174.37 497.65 626.71 1,427.74 1,598.54
262.64 718.27 754.09 882.29 255.31 93.48
102.08 570.66 636.18 769.88 193.58 17.48
1,187.87 1,187.80 1,702.29 1,171.41 1,180.27 1,267.33

1,043.26 1,172.47 524.87 739.7 1,017.27 1,063.65

1,043.26 1,172.47 524.87 739.7 1,017.27 1,050.98

2,977.81 3,543.05 3,416.64 3,143.02 3,346.83 3,442.86

1,699.69 2,030.59 2,124.67 2,080.73 2,103.06 2,312.51
332 316.49 337.27 322.11 281.57 307.69
0.19 0.03 0.58 0.51 9.51
1,278.12 1,512.46 1,291.97 1,062.29 1,243.77 1,130.35

20.39 33.09 3.69 35.9 33.23 30.11

1.2 6.12 -68.71 10.9 18.2 13.97
1.95 10.03 -70.13 31.24 38.6 23.06
 0.86 3.99 -19.64 6.84 12.93 9.84
1.27 5.63 -27.48 9.96 20.53 18.13

0.886 1.016 0.538 0.58 0.819 0.755

0.63 0.913 2.979 1.538 0.402 0.147
3.939 4.443 3.788 15.69 22.359

3.77 6.42 4.59 4.64 3.74 5.63

0.748 0.665 0.297 0.631 0.743 0.727

4.848 5.452 2.477 5.376 6.024 5.665
5.19 5.73 3.19 6.538 5.01 5.641
Hindustan Copper Ltd.

Income & Expenditure Summary : Mar 2014 - Mar 2023 :

Non-Annualised : Rs. Crore

Mar-14 Mar-15 Mar-16 Mar-17

12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP INDAS INDAS
-
Total income 1,727.89 1,220.03 1,136.25 1,346.53
Sales 1,625.04 1,138.20 1,074.22 1,228.71
Industrial sales 1,621.57 1,136.93 1,071.91 1,228.05
Income from non-financial services 3.47 1.27 2.31 0.66
Income from financial services 54.93 50.79 32.7 36.09
Interest income 47.94 44.1 27.02 24.21
Dividends 3.27 3.76 3.17 0.05
Income from treasury operations 3.72 2.93 2.51 11.83
Other income 25 16.51 12.71 26.51
Prior period and extraordinary income 22.92 14.53 16.62 55.22

Change in stock 45.48 14.38 87.21 271.3

Total expenses 1,486.96 1,166.81 1,185.72 1,555.89

Operating expenses 1,158.37 1,028.04 1,048.34 1,251.50
Raw materials, stores & spares 170.03 127.36 156.95 423.61
Purchase of finished goods
Packaging and packing expenses
Power, fuel & water charges 190.15 176.11 169.72 206.98
Compensation to employees 361.98 340.08 336.09 330.47
Indirect taxes 152.06 131.35 117.91 109.27
Royalties, technical know-how fees, etc 67.03 53.33 59.89 101.08
Rent & lease rent 5.05 3.92 4.79 5.54
Repairs & maintenance 45.95 33.85 26.07 54.85
Insurance premium paid 1.31 0.99 0.92 1.45
Outsourced manufacturing jobs 81.35 88.29 115.32 68.93
Outsourced professional jobs 8.08 8.55 7.33 9.25
Non-executive directors' fees 0.07 0.11
Selling & distribution expenses 51.74 39.88 39.81 65.81
Travel expenses 4.85 4.27 4.55 3.28
Communications expenses 0.9 1 1.18 1.26
Printing & stationery expenses 0.6 0.54 0.51 0.49
Miscellaneous expenditure 17.22 18.41 14.68 20.54
Other operational exp of industrial ent 0.9 19.25
Other operational exp of non-fin services ent
Provision for estimated losses on onerous contracts
Provision for obscolescence of raw material
Financial services expenses 2.32 0.68 1.44 25.37
Fee based financial services expenses 1.31 1.95
Fund based financial services expenses 2.32 0.68 0.13 23.42
 Non-cash charges 176.85 119.26 133.49 246.41
Depreciation 15.33 19.74 22.96 30.94
Amortisation 158.81 93.12 104.33 118.73
Write-offs 92.48
Provisions 2.71 6.4 6.2 4.26

Prior period and extraordinary expenses 5.19 5.98 0.46 0.23

Provision for direct tax 144.23 12.85 1.99 32.38

Profit after tax 286.41 67.6 37.74 61.94

Addendum Information
Total income net of P&E 1,704.97 1,205.50 1,119.63 1,291.31
Net sales 1,472.98 1,006.85 956.31 1,119.44
Cost of goods sold 697.4 662.31 642.12 768.49
Cost of sales 1,121.01 1,026.83 986.21 1,177.92
Cost of sales per day 3.07 2.81 2.7 3.23
 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
INDAS INDAS INDAS INDAS INDAS INDAS

1,761.10 1,853.05 900.95 1,821.77 1,950.00 1,773.23

1,663.58 1,767.87 809.58 1,772.53 1,818.19 1,669.06
1,662.07 1,763.31 806.47 1,771.60 1,817.30 1,664.55
1.51 4.56 3.11 0.93 0.89 4.51
22.61 8.45 14.12 4 18.19 21.74
17.07 8.44 13.9 3.83 17.79 21.71

5.54 0.01 0.22 0.17 0.4 0.03

15.41 37.35 42.53 35.14 26.6 26.96
59.5 39.38 34.72 10.1 87.02 55.47

7.25 -143.37 51.14 -339.11 -59.31 7.91

1,688.74 1,564.17 1,521.44 1,372.68 1,516.91 1,485.83

1,331.63 1,039.56 830.84 797.07 1,154.76 1,174.38
559.92 205.69 132.11 92.32 224.51 122.22

217.84 226.61 184.13 121.65 124.1 122.72

327.89 316.51 271.53 277.11 371.82 304.54
33.1 7.66 11.32 4.89 10.8 20.18
87.68 98.19 77.28 84.65 144.84 133.8
5.82 6.63 4.32 2.76 2.89 3.26
48.03 99.89 93.21 51.2 45.18 43.42
1.34 2.07 3.85 4.17 3.17 3.08
92.87 139.06 167.44 236.27 783.89 595.5
9.85 17.52 18.52 15.01 15.95 13.49
0.04 0.1 0.13 0.18 0.26 0.19
86.48 70.02 32.22 32.34 11.45 13.17
4.06 5.62 4.1 1.74 1.88 3.82
1.3 1.44 1.3 0.91 1.03 1.05
0.53 1.26 0.7 0.25 0.24 0.39
19.58 16.65 24.97 15.38 61.71 52.66
0.83 1.18 0.8 6.67

33.91 67.72 62.19 63.93 32.81 27.24

2.29 1.55 1.77 1.32 1 1.37
31.62 66.17 60.42 62.61 31.81 25.87
 280.74 372.05 596.57 437 191.13 183.8
38.64 39.67 42.43 45.83 38.12 26.36
131.93 216.27 252.72 251.44 112.6 148.66
99.96 97.11 112.75
10.21 19 188.67 139.73 40.41 8.78

0.25 4.95 8.88 97.66 52.35 0.06

42.21 79.89 22.96 -22.98 85.86 100.35

79.61 145.51 -569.35 109.98 373.78 295.31

1,701.60 1,813.67 866.23 1,811.67 1,862.98 1,717.76

1,630.48 1,760.21 798.26 1,767.64 1,807.39 1,648.88
1,183.40 1,055.77 726.06 1,115.18 1,634.63 1,213.58
1,526.99 1,395.97 1,014.96 1,326.02 1,900.91 1,457.22
4.18 3.82 2.78 3.63 5.21 3.99
Hindustan Copper Ltd.
Cash Flow
Summary :
Mar 2014 - Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Mar 2023 :
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP INDAS INDAS INDAS INDAS INDAS INDAS INDAS
-
Net cash flow 331.42 237.47 72.65 -457.08 185.77 58.61 -133.11 668.9 856.71
Net profit b 430.64 80.45 39.95 94.54 122.04 230.35 -537.71 87.25 382.07
Add: Adj 183.9 121.19 125.33 155.18 218.45 327.34 537.9 692 272.62
Less: Adj 66.31 51 33.7 30.02 30.84 14.78 33.03 13.26 26.47
Operating 548.23 150.64 131.58 219.7 309.65 542.91 -32.84 765.99 628.22
Add:Cash i 1.25 152.76 209.74 46.39 96.93 144.13 241.13 343.83 522.71
Less:Cash 56.84 0 62.92 509.41 23.16 378.5 78.02 277.79 0
Cash flow g 492.64 303.4 278.4 -243.32 383.42 308.54 130.27 832.03 1,150.93
Cash flow be 331.42 237.47 261.52 -259.57 371.79 252.3 86.03 832.1 1,052.36
Cash outflow due to extraordinary items
Cash inflow due to extraordinary items
Cash outflow due to misc expend 188.87 197.51 186.02 193.69 219.14 163.2 195.65
 Mar-23
12 mths
INDAS

428.14
395.66
209.61
76.94
528.33
226.89
3.17
752.05
673.58

245.44
Hindustan Copper Ltd.

Balance Sheet Summary : Mar 2014 - Mar 2023 : Non-

Annualised : Rs. Crore

Mar-14 Mar-15 Mar-16 Mar-17

12 mths 12 mths 12 mths 12 mths
IGAAP IGAAP INDAS INDAS
-
Total liabilities 2,978.53 2,976.88 2,852.64 2,639.19

Total Capital 462.61 462.61 462.61 462.61

Paid up equity capital 462.61 462.61 462.61 462.61
Paid up preference capital

Share appln money & suspense account

Reserves and funds 1,366.67 1,398.93 947.95 1,004.35

Free reserves 1,148.86 1,181.94 732.62 790.46
General reserves 89.59 89.59 89.66 89.66
Balance as per profit & loss account 1,059.27 1,092.35 642.96 700.8
Specific reserves 217.81 216.99 215.33 213.89
Security premium reserves (net of deductions)
Capital reserves (incl grants and subsidies) 211.66 211.66 211.66 211.66
Capital redemption reserves
Debenture and bond redemption reserves

Long term borrowings excl current portion 207.15 204.98

Long term borrowings incl current portion 207.15 204.98
From banks 207.15 204.98
From financial institutions
Syndicated across banks & institutions
Debentures and bonds
Loans from promoters, directors & shareholders
Less: current portion of long term borrowings

Deferred tax liability 43.68 38.41 22.84 33.26

Other long term liabilities 21.75 19.99 10.36
Long term provisions 78.55 88.11 96.42 95

Current liabilities & provisions 1,005.27 968.83 1,115.67 828.63

Short term borrowings 267.09
Short term trade payables and acceptances 124.02 153.53 150.59 156.57

Total assets 2,978.53 2,976.88 2,852.64 2,639.19

Net fixed assets 211.77 202.01 178.11 354.25

Net intangible assets
Land and buildings 70.14 64.01 50.71 101.1
 Plant, machinery, computers & electrical assets 129.7 124.52 118.9 244.84

Capital work-in-progress 114.55 132.26 395.82 278.61

Net pre-operative exp pending allocation 576.17 719.07

Long term investments 11

Long term investments in group cos
Long term investments in non group cos 11

Long term loans & advances 57.54 58.9 53.07 103.05

Deferred tax assets 81.58 95.1 80.66 84.84
Other long term assets 44.25 8.46 405.79 426.69

Current assets and loans & advances 1,881.67 1,761.08 1,739.19 1,391.75
Inventories 422.39 442.45 517.23 848.35
Trade & bills receivables 203.08 90.44 66.66 174.42
Cash & bank balance 400.3 251.77 171.98 55.02
Short term investments 113.78 71.08 75.96
Short term loans & advances 712.53 869.31 867.04 273.14

Addendum Information
Net fixed assets net of reval 211.77 202.01 178.11 354.25
Tangible net worth 1,829.28 1,861.54 1,073.09 1,042.93
Total outside liabilities 1,149.25 1,115.34 1,442.08 1,172.23
 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
INDAS INDAS INDAS INDAS INDAS INDAS

2,977.81 3,543.05 3,416.64 3,143.02 3,346.83 3,442.86

462.61 462.61 462.61 462.61 483.51 483.51

462.61 462.61 462.61 462.61 483.51 483.51

1,064.69 1,174.37 497.65 626.71 1,427.74 1,598.54

852.8 959.52 309.7 420.63 738.34 911.91
89.66 89.66 89.66 89.66 89.66 89.66
763.14 869.86 220.04 330.97 648.68 822.25
211.89 214.85 187.95 206.08 689.4 686.63
479.1 479.1
211.66 211.66 211.66 211.66 211.66 211.66

102.08 570.66 636.18 769.88 193.58 17.48

152.9 678.05 864.64 1,044.66 358.06 113.67
152.9 678.05 864.64 1,044.66 357.6 113.39

50.82 107.39 228.46 274.78 164.48 96.19

32.03 29.98 19.14 19.6 21.45 28.01

9.23 8.43 8.44 8.44 8.44 24.41
119.3 109.2 90.33 84.37 31.84 23.58

1,187.87 1,187.80 1,702.29 1,171.41 1,180.27 1,267.33

504.04 392.07 699.03 92.78 50.94 43.2
226.13 202.29 233.74 136.48 202.68 210.98

2,977.81 3,543.05 3,416.64 3,143.02 3,346.83 3,442.86

332 316.49 337.27 322.11 281.57 307.69

28.36 26.58 25.18 37.74
94.59 79.72 71.38 67.7 82 83.98
 230.51 231.64 217.36 208.96 155.59 167.78

659.55 1,022.11 1,231.78 1,178.92 682.74 731.28

0.19 0.03 0.58 0.51 9.51

0.19 0.03 0.58 0.51 9.51
0 0 0 0 0

136.27 128.87 47.89 56.19 47.66 42.53

87.81 98.3 72.05 173.17 196.13 191.71
484.06 464.63 435.65 349.76 894.45 1,029.79

1,278.12 1,512.46 1,291.97 1,062.29 1,243.77 1,130.35

815.19 671.05 727.88 384.06 322.26 325.43
90.93 370.98 91.76 178.45 100 75.99
12.71 10.82 15.87 10.79 365.64 301.01
0.08 0.09 0.09 0.1 0.1
307.37 423.31 426.71 437.39 425.45 395.9

332 316.49 337.27 322.11 281.57 307.69

1,043.26 1,172.47 524.87 739.7 1,017.27 1,050.98
1,450.51 1,906.07 2,456.38 2,053.70 1,435.58 1,360.81
 CMIE Expr CMIE Expr

Annual Finance Consolidated Annual Finance Consolidated

Rs. Crore Rs. Crore
Mar-19 Mar-19
Company Name PBIT Cost of goods sold
Hindustan Copper Ltd. 292.75 1055.8
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Consolidated Annual Finance Consolidated Annual Finance Consolidated

Rs. Crore Rs. Crore Rs. Crore
Mar-19 Mar-20 Mar-20
Equity dividend PBIT Cost of goods sold
23.13 -484.14 717.74
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Consolidated Annual Finance Consolidated Annual Finance Consolidated

Rs. Crore Rs. Crore Rs. Crore
Mar-20 Mar-21 Mar-21
Equity dividend PBIT Cost of goods sold
48.11 151.04 1115.2
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Consolidated Annual Finance Consolidated Annual Finance Consolidated

Rs. Crore Rs. Crore Rs. Crore
Mar-21 Mar-22 Mar-22
Equity dividend PBIT Cost of goods sold
492.4 1634.65
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Consolidated Annual Finance Consolidated Annual Finance Consolidated

Rs. Crore Rs. Crore Rs. Crore
Mar-22 Mar-23 Mar-23
Equity dividend PBIT Cost of goods sold
33.85 422.91 1213.58
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Consolidated Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-23 Mar-16 Mar-16
Equity dividend PBIT Cost of goods sold
112.17 41.05 642.12
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-16 Mar-17 Mar-17
Equity dividend PBIT Cost of goods sold
13.88 119.57 768.49
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-17 Mar-18 Mar-18
Equity dividend PBIT Cost of goods sold
155.61 1183.4
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-18 Mar-19 Mar-19
Equity dividend PBIT Cost of goods sold
18.5 293 1055.77
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-19 Mar-20 Mar-20
Equity dividend PBIT Cost of goods sold
23.13 -484.29 726.06
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-20 Mar-21 Mar-21
Equity dividend PBIT Cost of goods sold
48.11 150.84 1115.18
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-21 Mar-22 Mar-22
Equity dividend PBIT Cost of goods sold
492.36 1634.63
CMIE Expr CMIE Expr CMIE Expr

Annual Finance Standalone Annual Finance Standalone Annual Finance Standalone

Rs. Crore Rs. Crore Rs. Crore
Mar-22 Mar-23 Mar-23
Equity dividend PBIT Cost of goods sold
33.85 422.9 1213.58
CMIE Expr

Annual Finance Standalone

Rs. Crore
Mar-23
Equity dividend
112.17
Hindustan Copper Ltd.

Interim Balance Sheet (Annual) : Mar 2014 - Mar 2023 :

Non-Annualised : Rs. Crore

Mar-14 Mar-15 Mar-16 Mar-17

12 mths 12 mths 12 mths 12 mths
-
Liabilities
Shareholders' funds 1,829.27 1,861.54 1,410.56 1,466.96
Capital 462.61 462.61 462.61 462.61
Reserves and surplus 1,366.66 1,398.93 947.95 1,004.35
Borrowings 207.15 472.07
Secured borrowings
Unsecured borrowings
Other long term liabilities 21.75 19.99 0 10.36
Current liabilities & provisions 386.64 324.7 1,154.42 560.29
Current liabilities 182.33 223.52 327.18 365.92
Provisions 204.31 101.18 827.24 194.37
Deferred tax liability

Assets
Net fixed assets 902.52 1,053.35 178.11 354.25
Net pre-operative expenses pending allocation
Capital work-in-progress 395.82 278.61
Investments 29.4 3.01 75.96
Other non-current assets 451.36 514.03
Current assets & loans and advances 1,267.84 1,093.19 1,613.06 1,311.21
Current assets 1,146.48 879.64 782.06 1,226.46
Inventories 422.39 442.45 517.23 821.87
Sundry debtors & bills receivable 198.82 85.22 57.33 165.07
Cash and bank balances 495.67 319.84 171.98 55.02
Other current assets 29.6 32.13 35.52 184.5
Loans and advances 121.36 213.55 831 84.75
Other assets
Deferred tax assets 37.9 56.68 57.82 51.58
Miscellaneous expenditure (not written off or adjusted)

Net current assets & loans and advances 881.2 768.49 458.64 750.92
 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths

1,527.29 1,636.98 960.27 1,089.32 1,911.25 2,082.05

462.61 462.61 462.61 462.61 483.51 483.51
1,064.68 1,174.37 497.66 626.71 1,427.74 1,598.54
656.96 1,070.11 1,563.68 1,137.43 409.01 156.86

9.24 8.43 8.43 8.43 8.43 74.97

594 600.61 585.68 602.7 625.83 671.26
453.73 467.1 489.39 432.89 485.47 514.65
140.27 133.51 96.29 169.81 140.36 156.61

332 316.49 337.28 322.09 281.57 1,326.07

659.55 1,022.11 1,231.78 1,178.92 682.74 731.28

0.08 0.27 0.12 0.68 0.61 9.51
573.05 532.81 451.98 366.08 910.45 109.9
1,167.03 1,376.13 1,043.99 816.54 904.46 644.68
1,157.20 1,369.93 1,018.64 790.91 877.97 618.4
788.61 643.67 519.83 176 113 116.53
81.57 361.55 82.89 167.78 80.1 66.15
12.72 10.82 15.88 10.8 365.64 301.02
274.3 353.89 400.04 436.33 319.23 134.7
9.83 6.2 25.35 25.63 26.49 26.28

55.78 68.32 52.91 153.57 174.69 163.7

573.03 775.52 458.31 213.84 278.63 -26.58

QUESTION -1 CAPITAL STRUCTURE RATIO

PERIOD
TOTAL DEBT
TOTAL EQUITY
DEBT EQUITY RATIO

PERIOD
EBIT
INTEREST PAID
TIMES INTEREST COVERAGE

PERIOD
TOTAL DEBT
TOTAL ASSETS
DEBT TO ASSETS
Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
1070.12 1563.67 1137.44 409 156.87
1,636.98 960.26 1,089.32 1,911.25 2,082.05
0.653716 1.628382 1.044174 0.213996 0.075344

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

292.75 -484.14 151.04 492.4 422.91
55.46 60.42 62.61 28.93 15.93
5.278579 -8.01291 2.412394 17.02039 26.54802

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

1070.12 1563.67 1137.44 409 156.87
3,543.05 3,416.64 3,143.02 3,346.83 3,442.86
0.302034 0.457663 0.361894 0.122205 0.045564
 HINDUSTAN COPPER LTD. NIFTY 50
Date Adj Close RETURN Date Adj Close RETURN
4/1/2018 72.12753 NA 4/1/2018 10739.34961 NA
5/1/2018 69.47072 -4% 5/1/2018 10736.15039 -0.03%
6/1/2018 61.30348 -12% 6/1/2018 10714.29981 -0.20%
7/1/2018 59.13867 -4% 7/1/2018 11356.5 5.99%
8/1/2018 61.89388 5% 8/1/2018 11680.5 2.85%
9/1/2018 50.33183 -19% 9/1/2018 10930.4502 -6.42%
10/1/2018 48.46222 -4% 10/1/2018 10386.59961 -4.98%
11/1/2018 47.33062 -2% 11/1/2018 10876.75 4.72%
12/1/2018 51.61103 9% 12/1/2018 10862.54981 -0.13%
1/1/2019 45.6086 -12% 1/1/2019 10830.9502 -0.29%
2/1/2019 44.96901 -1% 2/1/2019 10792.5 -0.36%
3/1/2019 48.16702 7% 3/1/2019 11623.90039 7.70%
4/1/2019 45.26421 -6% 4/1/2019 11748.15039 1.07%
5/1/2019 43.3946 -4% 5/1/2019 11922.79981 1.49%
6/1/2019 39.26178 -10% 6/1/2019 11788.84961 -1.12%
7/1/2019 31.98015 -19% 7/1/2019 11118 -5.69%
8/1/2019 31.09454 -3% 8/1/2019 11023.25 -0.85%
9/1/2019 34.58776 11% 9/1/2019 11474.4502 4.09%
10/1/2019 40.73779 18% 10/1/2019 11877.4502 3.51%
11/1/2019 39.85218 -2% 11/1/2019 12056.04981 1.50%
12/1/2019 38.52378 -3% 12/1/2019 12168.4502 0.93%
1/1/2020 41.82019 9% 1/1/2020 11962.09961 -1.70%
2/1/2020 30.89774 -26% 2/1/2020 11201.75 -6.36%
3/1/2020 20.95929 -32% 3/1/2020 8597.75 -23.25%
4/1/2020 25.63332 22% 4/1/2020 9859.900391 14.68%
5/1/2020 25.63332 0% 5/1/2020 9580.299805 -2.84%
6/1/2020 31.19294 22% 6/1/2020 10302.09961 7.53%
7/1/2020 34.88296 12% 7/1/2020 11073.4502 7.49%
8/1/2020 35.81776 3% 8/1/2020 11387.5 2.84%
9/1/2020 32.71815 -9% 9/1/2020 11247.54981 -1.23%
10/1/2020 32.47215 -1% 10/1/2020 11642.40039 3.51%
11/1/2020 40.78699 26% 11/1/2020 12968.9502 11.39%
12/1/2020 60.17188 48% 12/1/2020 13981.75 7.81%
1/1/2021 58.99107 -2% 1/1/2021 13634.59961 -2.48%
2/1/2021 147.4039 150% 2/1/2021 14529.15039 6.56%
3/1/2021 117.5885 -20% 3/1/2021 14690.7002 1.11%
4/1/2021 152.3731 30% 4/1/2021 14631.09961 -0.41%
5/1/2021 167.4284 10% 5/1/2021 15582.79981 6.50%
6/1/2021 141.8442 -15% 6/1/2021 15721.5 0.89%
7/1/2021 151.2415 7% 7/1/2021 15763.04981 0.26%
8/1/2021 117.0965 -23% 8/1/2021 17132.19922 8.69%
9/1/2021 108.2405 -8% 9/1/2021 17618.15039 2.84%
10/1/2021 124.9194 15% 10/1/2021 17671.65039 0.30%
11/1/2021 109.4705 -12% 11/1/2021 16983.19922 -3.90%
12/1/2021 122.6562 12% 12/1/2021 17354.05078 2.18%
1/1/2022 121.623 -1% 1/1/2022 17339.84961 -0.08%
 2/1/2022 115.7189 -5% 2/1/2022 16793.90039 -3.15%
3/1/2022 111.8321 -3% 3/1/2022 17464.75 3.99%
4/1/2022 111.4877 0% 4/1/2022 17102.55078 -2.07%
5/1/2022 103.5173 -7% 5/1/2022 16584.55078 -3.03%
6/1/2022 85.75599 -17% 6/1/2022 15780.25 -4.85%
7/1/2022 101.4017 18% 7/1/2022 17158.25 8.73%
8/1/2022 116.8013 15% 8/1/2022 17759.30078 3.50%
9/1/2022 105.1901 -10% 9/1/2022 17094.34961 -3.74%
10/1/2022 102.4354 -3% 10/1/2022 18012.19922 5.37%
11/1/2022 116.5507 14% 11/1/2022 18758.34961 4.14%
12/1/2022 108.9463 -7% 12/1/2022 18105.30078 -3.48%
1/1/2023 122.4155 12% 1/1/2023 17662.15039 -2.45%
2/1/2023 96.71967 -21% 2/1/2023 17303.94922 -2.03%
3/1/2023 97.85288 1% 3/1/2023 17359.75 0.32%
4/1/2023 100.7853 3% 4/1/2023 18065 4.06%
5/1/2023 112.5248 12% 5/1/2023 18534.40039 2.60%
6/1/2023 115.3081 2% 6/1/2023 19189.05078 3.53%
7/1/2023 127.0378 10% 7/1/2023 19753.80078 2.94%
8/1/2023 157.5049 24% 8/1/2023 19253.80078 -2.53%
9/1/2023 161.5805 3% 9/1/2023 19638.30078 2.00%
10/1/2023 143.2 -11% 10/1/2023 19079.59961 -2.84%
11/1/2023 173.25 21% 11/1/2023 20133.15039 5.52%
12/1/2023 273.6 58% 12/1/2023 21731.40039 7.94%
1/1/2024 288.85 6% 1/1/2024 21725.69922 -0.03%
2/1/2024 269.75 -7% 2/1/2024 21982.80078 1.18%
3/1/2024 278.2 3% 3/1/2024 22326.90039 1.57%
4/1/2024 313.75 13% 4/1/2024 22514.65039 0.84%
BETA 2.200636
RF 7.05%
RM 13.5%

COST OF EQUITY 21.24%

INTEREST RATE 10%

TAX RATE 25%

COST OF DEBT 8%

WEIGHTAGE DEBT 0.070065

WEIGHTAGE EQUITY 0.929935

WACC 0.202893
 DO IT AGAIN
PBIT COGS EPS
Mar-18 155.61 1183.4 0.86
Mar-19 292.75 1,055.80 1.57
Mar-20 -484.14 717.74 -6.15
Mar-21 151.04 1,115.20 1.19
Mar-22 492.4 1,634.65 3.87
Mar-23 422.91 1,213.58 3.05

PERIOD 2019 2020

EBIT -88% 265%
EPS -83% 492%
DOFL 93.7% 185.29%
EQUITY DIVIDEND % CHANGE IN EBIT % CHANGE IN EPS
18.5
23.13 -88% -83%
48.11 265% 492%
0 131% 0%
33.85 -226% -225%
112.17 14% 21%

2021 2022 2023

131% -226% 14%
0% -225% 21%
0% 99.6% 150.1%
ANNOUNCEMENT DIVIDEND PER SHARE EPS PAYOUT RATIO
### 0.92 3.05 30.16%
### 1.16 3.87 29.97%
### 0.35 1.19 29.41%
### 0.52 1.57 33.12%
### 0.25 0.86 29.07%
YEAR 18 19 20 21 22 23
INVENTORIES 815.19 671.05 727.88 384.06 322.26 325.43
AR 90.93 370.98 91.76 178.45 100 75.99
SHORT TERM TRADE PAYABLE 226.13 202.29 233.74 136.48 202.68 210.98
COGS 1,183.40 1,055.77 726.06 1,115.18 1,634.63 1,213.58
SALES 1,630.48 1,760.21 798.26 1,767.64 1,807.39 1,648.88

AVERAGE INVENTORIES 1150.715 1034.99 919.91 545.19 484.975

AVERAGE AR 276.42 416.86 180.985 228.45 137.995
AVREAGE AP 327.275 319.16 301.98 237.82 308.17
DSI 397.8243 520.3032 301.0879 121.7366 145.8626
DSO 57.3189 190.6069 37.37159 46.13517 30.5469
DPO 113.1453 160.446 98.83848 53.10333 92.68614

CCC 341.9979 550.4642 239.621 114.7685 83.72331

 TAKEN FROM
BALANCE SHEET
SUMMARY
TAKEN FROM INCOME
STATEMENT