Hindustan Zinc Ltd (HINDZINC) — Share Price, Financials & Ratios

Key Fundamentals

LargecapZincMetals & Mining

Market Cap

2.2L Cr

Volatility

Moderate

P/E Ratio

15.96

EBITDA

₹23,154 Cr

Return on Equity

51.06%

Debt to Equity

0.55

Book Value

₹53.56

EPS

₹19.26

52W High

₹733

52W Low

₹413.5

Technical Indicators

Key Insights

Strengths

4

Company has reduced debt.
Company is expected to give good quarter
Company has a good return on equity (ROE) track record: 3 Years ROE 68.7%
Company has been maintaining a healthy dividend payout of 73.5%

Weaknesses

2

Stock is trading at 10.2 times its book value
Promoter holding has decreased over last quarter: -1.13%

Growth Rate

Revenue Growth

19.59% ↗

Net Income Growth

33.60% ↗

Cash Flow Change

20.11% ↗

ROE

-21.32% ↘

ROCE

-0.86% ↘

EBITDA Margin (Avg.)

5.40% ↘

AI Analysis — Bull vs Bear

anthropic

claude-opus-4.6 7d ago

BUY

Risk medium

Hindustan Zinc offers a compelling combination of exceptional ROE (76% last year, 69% 3-year average), strong profit growth (32% TTM), and a healthy dividend yield of 1.95%. However, the premium valuation at 10.54x book value and commodity cyclicality warrant caution, making it suitable for investors with a medium-term horizon.

Bull Case 8

Exceptional return on equity at 76% last year and 69% 3-year average, indicating highly efficient capital deployment
Strong TTM profit growth of 32% signals robust operational momentum and improving margins
Company has reduced debt, strengthening the balance sheet and reducing financial risk in a cyclical business
Healthy dividend payout ratio of 73.5% with current yield of 1.95%, providing income support during commodity downturns
TTM sales growth of 20% demonstrates strong demand recovery and pricing power in zinc and silver markets
Stock CAGR of 23% over 3 years outperforms broader market indices, reflecting consistent value creation
Majority analyst consensus is bullish with 53.85% (7 out of 13 analysts) recommending a Buy
10-year compounded sales growth of 11% shows structural long-term demand for zinc in infrastructure and galvanization

Bear Case 8

Stock trades at 10.54x price-to-book, a steep premium that leaves limited margin of safety for new investors
30.77% of analysts (4 out of 13) have a Sell rating, indicating meaningful disagreement on valuation
Promoter holding decreased by 1.13% last quarter, signaling potential lack of confidence from Vedanta parent company
10-year compounded profit growth of only 6% is modest relative to current elevated ROE, suggesting mean-reversion risk
PE ratio of 17.2x appears optically reasonable but is elevated for a cyclical commodity producer at peak earnings
5-year stock CAGR of 11% is below the 3-year CAGR of 23%, indicating recent rally may not be sustainable long-term
3-year compounded sales growth of only 6% versus TTM of 20% suggests current growth spike may be cyclical rather than structural
As a subsidiary of Vedanta Ltd, corporate governance and related-party transaction risks persist with parent company leverage concerns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

anthropic

claude-opus-4.6 2d ago

Headwinds 3

Silver crash drags stock 4% Jun 10

Shares fell 3.99% to ₹541.20 intraday as spot silver plunged below $64/oz and MCX silver dropped to ₹2.34 lakh/kg, highlighting commodity price sensitivity.
ED searches under FEMA Jun 03

Enforcement Directorate conducted searches at Hindustan Zinc from June 1-3 under FEMA. Company confirmed full cooperation and no operational impact.
Govt may sell 2% stake Jun 05

Government considering divesting 2% stake that could raise up to ₹5,000 crore (~$525M), creating potential overhang on share price.

Positives 5

Q4 profit surges 68% YoY Jun 01

Consolidated net profit jumped 67.59% YoY to ₹5,033 crore in Q4 FY26; revenue rose 49% YoY to ₹13,544 crore driven by higher zinc/silver prices and increased production.
Rampura Agucha gets Zinc Mark May 25

World's largest underground zinc-lead mine became India's first Zinc Mark certified mine, enabling end-to-end responsible zinc production from mining to smelting.
250-hectare green restoration MoU Jun 06

Signed MoU with TERI for 250-hectare ecological restoration in Rajasthan, aiming to create world's largest green cover within industrial premises.
New CFO and CEO-Designate appointed Jun 19

Amit Gupta (22+ years at Vedanta) became CFO on Jun 1; Amarendu Prakash (ex-SAIL CMD, 30+ years experience) appointed CEO-Designate effective Jun 19.
Analyst consensus: BUY, ₹655 target Jun 10

16 analysts have BUY consensus with average target of ₹655.19 (19.4% upside); SBI Securities targets ₹745. Dividend yield at 3.81%.

Neutral 6

Encumbrance on 50.1% shares released Jun 22

Victory XII released encumbrance on 2.12B shares (50.10% of capital) after prepayment of term loan on Jun 17; Vedanta had earlier released its encumbrance on May 14.
Green hydrogen exploration MoU Jun 22

Signed MoU with Advantek Associates and Aero Eagle to explore hydrogen applications in underground mining and heavy machinery, supporting Net Zero 2050 goal.
Sulfozyme MoU for Zinc Park Jun 10

MoU with Sulfozyme Agro at Zinc Industrial Park in Bhilwara, Rajasthan for sustainable metal recovery and downstream zinc value-added products.
BRSR filed for FY26 Jun 05

Filed Business Responsibility and Sustainability Report for FY26 with SEBI, detailing ESG performance including net zero goals and safety initiatives.
60th AGM notice issued Jun 03

Public notice for 60th Annual General Meeting published in newspapers on June 3, 2026.
CEO tenure extended two months May 29

Arun Misra's tenure as CEO extended from Jun 1 to Jul 31, 2026, providing leadership continuity during transition to new CEO-Designate.

TL;DR: Hindustan Zinc delivered exceptional Q4 FY26 results with 68% profit growth and 49% revenue growth, backed by strong zinc/silver prices and production gains. ESG credentials are strengthening via Zinc Mark certifications and green initiatives. Key risks include commodity price volatility (silver crash caused a 4% drop), an ED investigation under FEMA, and potential government stake sale overhang. The leadership transition is well-managed, and with 16 analysts at BUY and ~19% upside to target, the fundamental trajectory remains positive if metal prices hold.

Quarterly Results

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	8,509	7,282	6,792	7,310	7,550	8,130	8,242	8,556	9,041	7,723	8,525	10,922	13,488
Expenses	4,250	3,934	3,653	3,790	3,896	4,179	4,138	4,098	4,258	3,907	4,099	4,917	5,822
Operating Profit	4,259	3,348	3,139	3,520	3,654	3,951	4,104	4,458	4,783	3,816	4,426	6,005	7,666
OPM %	50%	46%	46%	48%	48%	49%	50%	52%	53%	49%	52%	55%	57%
Other Income	356	287	231	305	280	277	185	221	230	282	237	319	280
Interest	176	218	232	243	262	256	319	285	251	239	259	195	187
Depreciation	928	801	825	904	936	843	875	903	1,013	911	881	944	1,053
PBT	3,511	2,616	2,313	2,678	2,736	3,129	3,095	3,491	3,749	2,948	3,523	5,185	6,706
Tax %	26%	25%	25%	24%	25%	25%	26%	24%	21%	25%	25%	25%	25%
Net Profit	2,589	1,970	1,737	2,038	2,042	2,358	2,298	2,647	2,976	2,204	2,632	3,879	4,997
EPS in Rs	6.13	4.66	4.11	4.82	4.83	5.58	5.44	6.26	7.04	5.22	6.23	9.18	11.83

Show % Change

Figures in ₹ Crores

Profit & Loss

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	14,788	14,181	17,273	22,082	21,118	18,561	22,629	29,440	34,098	28,934	33,969	40,658
Expenses	7,338	7,923	7,534	9,812	10,448	9,691	10,957	13,214	16,577	15,253	16,630	18,729
Operating Profit	7,450	6,258	9,739	12,270	10,670	8,870	11,672	16,226	17,521	13,681	17,339	21,929
OPM %	50%	44%	56%	56%	51%	48%	52%	55%	51%	47%	51%	54%
Other Income	2,788	3,127	2,474	1,956	1,782	1,911	1,819	1,082	1,373	1,083	870	1,102
Interest	24	17	202	246	113	112	386	290	333	955	1,111	880
Depreciation	644	745	1,811	1,483	1,883	2,279	2,531	2,917	3,264	3,466	3,634	3,789
PBT	9,570	8,623	10,200	12,497	10,456	8,390	10,574	14,101	15,297	10,343	13,464	18,362
Tax %	15%	5%	18%	26%	24%	19%	25%	32%	31%	25%	24%	25%
Net Profit	8,178	8,175	8,316	9,276	7,956	6,805	7,980	9,630	10,520	7,787	10,279	13,712
EPS in Rs	19.35	19.35	19.68	21.95	18.83	16.11	18.89	22.79	24.9	18.43	24.33	32.45
Div. Payout %	23%	144%	149%	36%	106%	102%	113%	79%	303%	71%	119%	31%

Show % Change

Figures in ₹ Crores

Balance Sheet

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	845	845	845	845	845	845	845	845	845	845	845	845
Reserves	42,508	36,540	29,960	35,087	32,760	39,465	31,468	33,437	12,097	14,388	12,445	21,630
Borrowings	0	0	7,908	0	2,538	611	7,201	2,844	11,881	8,722	10,964	8,726
Other Liabilities	5,639	15,810	13,082	7,000	6,315	6,054	6,213	7,545	10,631	9,949	10,164	10,972
Total Liabilities	48,992	53,195	51,795	42,932	42,458	46,975	45,727	44,671	35,454	33,904	34,418	42,173
Fixed Assets	9,446	10,385	9,993	11,302	14,778	16,469	16,808	17,396	17,620	18,055	18,488	19,802
CWIP	2,005	2,428	3,071	3,220	2,254	2,489	1,922	2,075	2,107	1,529	2,552	3,382
Investments	27,254	35,221	23,783	20,222	19,488	20,329	12,957	15,052	10,107	10,452	9,971	14,440
Other Assets	10,288	5,161	14,948	8,188	5,938	7,688	14,040	10,148	5,620	3,868	3,407	4,549
Total Assets	48,992	53,195	51,795	42,932	42,458	46,975	45,727	44,671	35,454	33,904	34,418	42,173

Show % Change

Figures in ₹ Crores

Cash Flow

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	5,531	6,451	7,588	9,800	8,781	6,621	10,567	12,691	15,166	13,343	14,127	16,857
Investing	-3,807	-3,236	12,007	2,396	-1,092	-2,648	-2,435	846	6,525	-3,405	-2,658	-8,760
Financing	-1,902	-3,214	-11,266	-18,612	-9,630	-2,098	-9,697	-12,258	-23,224	-9,946	-11,426	-7,899
Net Cash Flow	-178	1	8,329	-6,416	-1,941	1,875	-1,565	1,279	-1,533	-8	43	198
Free Cash Flow	3,920	4,918	5,601	7,077	5,440	3,003	8,140	9,723	11,696	9,855	9,814	11,584
CFO/OP	102	132	102	105	106	87	106	93	104	110	101	98

Show % Change

Figures in ₹ Crores

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	16	3	3	3	3	7	7	9	4	2	1	4
Cash Conversion Cycle	16	3	3	3	3	7	7	9	4	2	1	4
Working Capital Days	-14	-347	-375	-67	-98	-56	-91	-36	-148	-103	-95	-75
ROCE %	25%	20%	26%	33%	28%	22%	26%	37%	50%	46%	61%	69%

Show % Change

Shareholding Pattern

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	64.92%	63.42%	63.42%	63.42%	61.84%	61.84%	61.84%	60.71%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.75%	0.69%	0.60%	0.75%	1.01%	1.39%	1.42%	1.36%	1.31%	1.54%	2.39%
DIIs	2.44%	2.52%	0.23%	0.22%	0.25%	0.23%	2.95%	3.03%	2.94%	2.95%	2.98%	2.96%	2.98%	3.02%	3.12%	4.12%	4.14%	4.82%	4.92%	4.69%	4.85%
Government	29.59%	29.58%	29.58%	29.58%	29.58%	29.58%	29.54%	29.54%	29.54%	29.54%	29.54%	29.54%	29.54%	29.54%	29.54%	27.92%	27.92%	27.92%	27.92%	27.92%	27.92%
Public	1.28%	1.39%	1.37%	1.39%	1.44%	1.45%	1.53%	1.41%	1.55%	1.54%	1.57%	1.65%	1.73%	1.55%	2.40%	2.59%	2.57%	3.35%	3.28%	3.19%	3.37%
Others	1.76%	1.59%	3.90%	3.90%	3.81%	3.83%	1.06%	1.11%	1.04%	1.04%	0.24%	0.23%	0.24%	0.23%	0.52%	0.56%	0.54%	0.72%	0.73%	0.83%	0.76%
No. of Shareholders	1,76,265	2,12,428	2,14,626	2,55,957	2,65,578	2,72,235	3,03,389	2,86,158	3,21,016	3,42,539	3,75,833	4,01,985	4,22,072	4,45,929	6,24,025	6,94,430	7,12,884	8,19,883	7,99,768	7,93,882	8,97,257

Show % Change

Documents

1

Concall - Feb 2018 Feb 2018

PPT

2

Concall - Feb 2018 Feb 2018

PPT

3

Concall - Feb 2018 Feb 2018

PPT

4

Concall - Aug 2019 Aug 2019

PPT

5

Concall - Oct 2023 Oct 2023

PPT

Frequently Asked Questions about Hindustan Zinc Ltd

What does Hindustan Zinc Ltd do?

Incorporated in 1966, Hindustan Zinc in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and Hindustan Zinc is the 3rd largest silver producer globally with an annual capacity of 800MT . The company has a market share of ~75% of the growing Zinc market in India with i...

Where is Hindustan Zinc Ltd (HINDZINC) listed?

Hindustan Zinc Ltd is listed on the Indian stock exchanges. It is listed on NSE: HINDZINC and BSE: 500188. You can view its live share price, financials, and ratios on Tapetide.

Which sector does Hindustan Zinc Ltd belong to?

Hindustan Zinc Ltd operates in the Commodities sector within the Non - Ferrous Metals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.

What is the market capitalisation of Hindustan Zinc Ltd?

Hindustan Zinc Ltd has a market capitalisation of approximately ₹222526.43 Cr. Based on this, it is classified as a Large Cap stock.

What is the PE ratio of Hindustan Zinc Ltd?

The Price-to-Earnings (PE) ratio of Hindustan Zinc Ltd is 15.96. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.

What is the 52-week high and low of Hindustan Zinc Ltd?

Over the past 52 weeks, Hindustan Zinc Ltd has traded between a low of ₹413.5 and a high of ₹733. This range helps investors understand the stock's price volatility and recent trading levels.

Does Hindustan Zinc Ltd pay dividends?

Yes, Hindustan Zinc Ltd has a dividend yield of 2.03%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.

What is the Return on Equity (ROE) of Hindustan Zinc Ltd?

Hindustan Zinc Ltd has a Return on Equity (ROE) of 51.06%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.

How can I research Hindustan Zinc Ltd on Tapetide?

On Tapetide, you can view Hindustan Zinc Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.