Hindustan Zinc Ltd logo

Hindustan Zinc Ltd

HINDZINC NSE

Key Fundamentals

LargecapZincMetals & Mining
Market Cap
2.4L Cr
Volatility
Moderate
P/E Ratio
13.98
EBITDA
₹23,154 Cr
Return on Equity
61.13%
Debt to Equity
0.39
Book Value
₹53.56
EPS
₹19.26
52W High
₹733
52W Low
₹418

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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40 extracted metrics + investor summaries across FY15–FY27.

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Tapetide Score

Data-driven rating, 0–100. How it works →

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 10.7 times its book value
  • Promoter holding has decreased over last 3 years: -4.21%

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 anthropic claude-opus-4.6 17h ago
AI opinion · based on fundamentals
Risk medium

Hindustan Zinc Ltd is a large-cap metals company with a market cap of ~Rs 2,39,597 crore, trading at a PE of 13.9x and PB of 10.49x. The company delivered TTM sales growth of 39% and profit growth of 66%, while maintaining a 3-year average ROE of approximately 69%, though it trades at a significant premium to book value.

Bull Case 8
  • Exceptional return on equity with 3-year average ROE of 69% and last year ROE of 76%, indicating highly efficient capital deployment
  • TTM profit growth of 66% signals strong earnings momentum driven by higher zinc prices and operational efficiency
  • TTM sales growth of 39% represents a significant acceleration from the 3-year CAGR of 6%, suggesting a cyclical upswing
  • PE ratio of 13.9x is relatively modest for a company delivering 66% profit growth, implying earnings are catching up to valuation
  • Healthy dividend payout of 73.5% with a current yield of 1.96% provides income support to shareholders
  • Company has reduced debt, strengthening the balance sheet and reducing financial risk in a cyclical business
  • 10-year compounded sales CAGR of 11% and profit CAGR of 6% demonstrate long-term business durability through commodity cycles
  • Stock CAGR of 32% over the past 1 year reflects strong market confidence in the near-term earnings trajectory
Bear Case 8
  • Stock trades at 10.49x book value, a steep premium that leaves limited margin of safety if earnings revert to mean
  • Promoter holding has declined by 4.21% over the last 3 years, which may signal reduced insider confidence or dilution concerns
  • 3-year compounded sales CAGR of only 6% suggests the current 39% TTM growth may be cyclical rather than structural
  • 10-year compounded profit CAGR of just 6% versus the TTM surge of 66% highlights the inherent earnings volatility in metals
  • 5-year stock CAGR of 12% versus 1-year CAGR of 32% indicates much of the recent re-rating may already be priced in
  • As a commodity producer, earnings are heavily dependent on global zinc and silver prices which are outside management control
  • Dividend yield of 1.96% despite a 73.5% payout ratio implies the stock price has run up considerably relative to distributions
  • 52-week high and low data unavailable, limiting visibility into recent price volatility and technical support levels

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

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Positives 4
  • Record Q1 profit up 145% YoY Aug 6

    Hindustan Zinc posted record Q1FY27 net profit of ₹5,469 crore (up 145% YoY) with revenue of ₹13,747 crore and EBITDA of ₹8,074 crore, driven by silver and zinc price strength and record mined metal production of 268 KT.

  • ₹11 per share interim dividend Aug 6

    Board declared an interim dividend of ₹11 per share alongside the record Q1FY27 results.

  • Promoter group restrictions lifted Aug 9

    Operational covenants limiting HZL's activities were rescinded following repayment of USD 80 million under a promoter group facility agreement.

  • New CEO Amarendu Prakash appointed Jul 24

    Amarendu Prakash appointed as CEO and Whole-time Director effective August 1, 2026, subject to shareholder approval.

Neutral 5
  • SEBI warning reviewed by Board Jul 24

    Board reviewed an SEBI administrative warning letter dated April 30, 2026, regarding inadvertent non-compliances and expressed satisfaction with corrective measures taken.

  • New independent director appointed Aug 15

    Dr Yogesh Attray appointed as Non-Executive Independent Director for a three-year term starting August 14, 2026, approved by Ministry of Mines.

  • Two officials elevated to senior mgmt Jul 25

    Munish Vasudeva and Kishor Kumar Sugumaran classified as Senior Management Personnel effective July 24, 2026.

  • Multiple analyst meets scheduled Aug 12

    Company scheduled participation in Motilal Oswal Global Investor Conference (Aug 18), Equirus Annual India Conference and Emkay Confluence 2026 (Aug 13).

  • Q1 FY27 results date announced Jul 20

    Company announced Q1 FY2027 results would be declared on July 24, 2026, with an earnings call at 16:00 IST.

TL;DR: Hindustan Zinc delivered a standout Q1FY27 with record profit of ₹5,469 crore (up 145% YoY), supported by strong zinc and silver prices and record production volumes. The removal of promoter group covenants and new CEO appointment signal improved operational freedom and leadership stability. No material headwinds emerged, though a prior SEBI warning and ED search were noted without further escalation. The trend is firmly positive, and sustained commodity prices could keep momentum going into Q2.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7,282
6,792
7,310
7,550
8,130
8,242
8,556
9,041
7,723
8,525
10,922
13,488
13,687
Expenses
3,934
3,653
3,790
3,896
4,179
4,138
4,098
4,258
3,907
4,099
4,917
5,822
5,693
Operating Profit
3,348
3,139
3,520
3,654
3,951
4,104
4,458
4,783
3,816
4,426
6,005
7,666
7,994
OPM %
46%
46%
48%
48%
49%
50%
52%
53%
49%
52%
55%
57%
58%
Other Income
287
231
305
280
277
185
221
230
282
237
319
280
315
Interest
218
232
243
262
256
319
285
251
239
259
195
187
132
Depreciation
801
825
904
936
843
875
903
1,013
911
881
944
1,053
918
PBT
2,616
2,313
2,678
2,736
3,129
3,095
3,491
3,749
2,948
3,523
5,185
6,706
7,259
Tax %
25%
25%
24%
25%
25%
26%
24%
21%
25%
25%
25%
25%
25%
Net Profit
1,970
1,737
2,038
2,042
2,358
2,298
2,647
2,976
2,204
2,632
3,879
4,997
5,425
EPS in Rs
4.66
4.11
4.82
4.83
5.58
5.44
6.26
7.04
5.22
6.23
9.18
11.83
12.84
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
46,622
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
20,531
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
26,091
OPM %
50%
44%
56%
56%
51%
48%
52%
55%
51%
47%
51%
54%
56%
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
1,151
Interest
24
17
202
246
113
112
386
290
333
955
1,111
880
773
Depreciation
644
745
1,811
1,483
1,883
2,279
2,531
2,917
3,264
3,466
3,634
3,789
3,796
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
22,673
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
16,933
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
40.08
Div. Payout %
23%
144%
149%
36%
106%
102%
113%
79%
303%
71%
119%
31%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 60.71%
Government 27.92%
DIIs 4.95%
Public 3.49%
FIIs 2.20%
Others 0.72%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
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%
2.20%
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%
4.95%
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%
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%
3.49%
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%
0.72%
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
9,18,245

Documents

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 Metals & Mining sector within the Zinc 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 ₹237906.59 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 13.98. 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 ₹418 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 1.94%. 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 61.13%. 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.

Company Information

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 its headquarters at Zinc City, Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.[1]

Website hzlindia.com
CEO Mr. Arun Misra
Employees 3,478
Listed 2006-11-21
Face Value ₹ 2
Issued Size 4,22,53,19,000

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