HCL's main products are 1) Continous Cast Copper rod, 2) Copper Cathode, 3) Copper Concentrate. 1)Copper Sulphate, 2)Sulphuric acid, 3) Anode Slime, 4) Nickel hydroxide, 5) Reverts are its By-products.
PROS:
Company has reduced debt. Company has been maintaining a healthy dividend payout of 19.8%. Company has delivered good profit growth of 43.4% CAGR over last 5 years.
CONS:
Stock is trading at 6.04 times its book value The company has delivered a poor sales growth of 8.64% over past five years. Company has a low return on equity of -2.26% for last 3 years. Company might be capitalizing the interest cost. Promoter holding has decreased over last 3 years: -9.91%.
Finally My view :
This stock is technically ready to move upside volumes are high. As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell. I am not SEBI registered.