Hindustan Zinc Ltd
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]
- Market Cap ₹ 1,85,597 Cr.
- Current Price ₹ 439
- High / Low ₹ 808 / 378
- Stock P/E 18.0
- Book Value ₹ 31.4
- Dividend Yield 6.60 %
- ROCE 60.8 %
- ROE 72.5 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 55.1%
- Company has been maintaining a healthy dividend payout of 138%
Cons
- Stock is trading at 14.0 times its book value
- Promoters have pledged 93.5% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals
Part of BSE Allcap Nifty 500 Nifty Dividend Opportunities 50 Nifty Midcap 100 Nifty Metal
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13,636 | 14,788 | 14,181 | 17,273 | 22,082 | 21,118 | 18,561 | 22,629 | 29,440 | 34,098 | 28,934 | 33,969 | |
6,717 | 7,338 | 7,923 | 7,534 | 9,812 | 10,448 | 9,691 | 10,957 | 13,214 | 16,577 | 15,253 | 16,673 | |
Operating Profit | 6,919 | 7,450 | 6,258 | 9,739 | 12,270 | 10,670 | 8,870 | 11,672 | 16,226 | 17,521 | 13,681 | 17,296 |
OPM % | 51% | 50% | 44% | 56% | 56% | 51% | 48% | 52% | 55% | 51% | 47% | 51% |
1,881 | 2,788 | 3,127 | 2,474 | 1,956 | 1,782 | 1,911 | 1,819 | 1,082 | 1,373 | 1,083 | 913 | |
Interest | 45 | 24 | 17 | 202 | 246 | 113 | 112 | 386 | 290 | 333 | 955 | 1,111 |
Depreciation | 785 | 644 | 745 | 1,811 | 1,483 | 1,883 | 2,279 | 2,531 | 2,917 | 3,264 | 3,466 | 3,634 |
Profit before tax | 7,970 | 9,570 | 8,623 | 10,200 | 12,497 | 10,456 | 8,390 | 10,574 | 14,101 | 15,297 | 10,343 | 13,464 |
Tax % | 13% | 15% | 5% | 18% | 26% | 24% | 19% | 25% | 32% | 31% | 25% | 24% |
6,905 | 8,178 | 8,175 | 8,316 | 9,276 | 7,956 | 6,805 | 7,980 | 9,630 | 10,520 | 7,787 | 10,279 | |
EPS in Rs | 16.34 | 19.35 | 19.35 | 19.68 | 21.95 | 18.83 | 16.11 | 18.89 | 22.79 | 24.90 | 18.43 | 24.33 |
Dividend Payout % | 21% | 23% | 144% | 149% | 36% | 106% | 102% | 113% | 79% | 303% | 71% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 5% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 9% |
3 Years: | 3% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 20% |
3 Years: | 11% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 28% |
5 Years: | 38% |
3 Years: | 55% |
Last Year: | 73% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 |
Reserves | 36,573 | 42,508 | 36,540 | 29,960 | 35,087 | 32,760 | 39,465 | 31,468 | 33,437 | 12,097 | 14,388 | 12,445 |
0 | 0 | 0 | 7,908 | 0 | 2,538 | 611 | 7,201 | 2,844 | 11,881 | 8,722 | 10,964 | |
4,259 | 5,639 | 15,810 | 13,082 | 7,000 | 6,315 | 6,054 | 6,213 | 7,545 | 10,631 | 9,949 | 10,164 | |
Total Liabilities | 41,677 | 48,992 | 53,195 | 51,795 | 42,932 | 42,458 | 46,975 | 45,727 | 44,671 | 35,454 | 33,904 | 34,418 |
9,147 | 9,446 | 10,385 | 9,993 | 11,302 | 14,778 | 16,469 | 16,808 | 17,396 | 17,620 | 18,055 | 18,488 | |
CWIP | 1,541 | 2,005 | 2,428 | 3,071 | 3,220 | 2,254 | 2,489 | 1,922 | 2,075 | 2,107 | 1,529 | 2,552 |
Investments | 22,506 | 27,254 | 35,221 | 23,783 | 20,222 | 19,488 | 20,329 | 12,957 | 15,052 | 10,107 | 10,452 | 9,971 |
8,482 | 10,288 | 5,161 | 14,948 | 8,188 | 5,938 | 7,688 | 14,040 | 10,148 | 5,620 | 3,868 | 3,407 | |
Total Assets | 41,677 | 48,992 | 53,195 | 51,795 | 42,932 | 42,458 | 46,975 | 45,727 | 44,671 | 35,454 | 33,904 | 34,418 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,471 | 5,531 | 6,451 | 7,588 | 9,800 | 8,781 | 6,621 | 10,567 | 12,691 | 15,166 | 13,343 | 14,127 | |
-3,955 | -3,807 | -3,236 | 12,007 | 2,396 | -1,092 | -2,648 | -2,435 | 846 | 6,525 | -3,405 | -2,658 | |
-1,577 | -1,902 | -3,214 | -11,266 | -18,612 | -9,630 | -2,098 | -9,697 | -12,258 | -23,224 | -9,946 | -11,426 | |
Net Cash Flow | -62 | -178 | 1 | 8,329 | -6,416 | -1,941 | 1,875 | -1,565 | 1,279 | -1,533 | -8 | 43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 16 | 3 | 3 | 3 | 3 | 7 | 7 | 9 | 4 | 2 | 1 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 11 | 16 | 3 | 3 | 3 | 3 | 7 | 7 | 9 | 4 | 2 | 1 |
Working Capital Days | -1 | -14 | -347 | -208 | -67 | -54 | -44 | -56 | -27 | -37 | -49 | 55 |
ROCE % | 20% | 25% | 20% | 26% | 33% | 28% | 22% | 26% | 37% | 50% | 46% | 61% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2d
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper publication of the audited financial results or the year ended March 31, 2025.
-
Audio Recordings Of Earnings Call For The Fourth Quarter And Year Ended March 31, 2025
25 Apr - Audio recording of Q4 and FY25 earnings call uploaded on company website.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Apr - HZL Q4 FY25 PAT up 47% to ₹3,003 Cr; FY25 PAT ₹10,353 Cr, record production, cost reduction, strong margins.
- Announcement under Regulation 30 (LODR)-Investor Presentation 25 Apr
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Apr 2025Transcript PPT
-
Jan 2025Transcript PPT
-
Oct 2024Transcript PPT REC
-
Aug 2024Transcript PPT
-
Aug 2024TranscriptNotesPPT
-
Jun 2024TranscriptNotesPPT
-
Apr 2024Transcript PPT
-
Apr 2024TranscriptNotesPPT
-
Jan 2024Transcript PPT
-
Jan 2024TranscriptNotesPPT
-
Oct 2023Transcript PPT
-
Oct 2023TranscriptNotesPPT
-
Jul 2023Transcript PPT
-
Apr 2023Transcript PPT
-
Jan 2023TranscriptPPT
-
Nov 2022TranscriptNotesPPT
-
Oct 2022TranscriptPPT
-
Jul 2022TranscriptPPT
-
Apr 2022TranscriptPPT
-
Jul 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Jul 2020TranscriptPPT
-
May 2020TranscriptPPT
-
Aug 2019TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Oct 2016TranscriptPPT
-
Jul 2016TranscriptPPT
-
Apr 2016TranscriptPPT
**Dominant and Leading player **
Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by settingup wind power plants.[1]World’s largest underground (UG) zinc mining operations at Rampura Agucha.
Geographical presence
Company exports accounted for 25% of turnover. [2] [3]