Hindustan Zinc Ltd

Hindustan Zinc Ltd

₹ 439 -1.40%
30 Apr - close price
About

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]

Key Points

**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]

  • 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
8,797 9,387 8,336 7,866 8,509 7,282 6,792 7,310 7,550 8,130 8,242 8,556 9,041
3,834 4,249 3,928 4,159 4,250 3,934 3,653 3,790 3,896 4,179 4,138 4,098 4,258
Operating Profit 4,963 5,138 4,408 3,707 4,259 3,348 3,139 3,520 3,654 3,951 4,104 4,458 4,783
OPM % 56% 55% 53% 47% 50% 46% 46% 48% 48% 49% 50% 52% 53%
277 310 367 349 356 287 231 305 280 277 185 221 230
Interest 66 44 51 62 176 218 232 243 262 256 319 285 251
Depreciation 816 731 798 807 928 801 825 904 936 843 875 903 1,013
Profit before tax 4,358 4,673 3,926 3,187 3,511 2,616 2,313 2,678 2,736 3,129 3,095 3,491 3,749
Tax % 33% 34% 32% 32% 26% 25% 25% 24% 25% 25% 26% 24% 21%
2,929 3,093 2,681 2,157 2,589 1,970 1,737 2,038 2,042 2,358 2,298 2,647 2,976
EPS in Rs 6.93 7.32 6.35 5.10 6.13 4.66 4.11 4.82 4.83 5.58 5.44 6.26 7.04
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 63.42% 63.42% 63.42%
0.86% 0.81% 0.87% 0.80% 0.81% 0.75% 0.69% 0.60% 0.74% 1.01% 1.38% 1.43%
2.95% 2.95% 3.03% 2.94% 2.95% 2.98% 2.97% 2.98% 3.01% 3.12% 4.12% 4.14%
29.58% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 27.92% 27.92%
1.69% 1.78% 1.65% 1.79% 1.77% 1.81% 1.88% 1.97% 1.78% 2.92% 3.16% 3.10%
No. of Shareholders 2,72,2353,03,3892,86,1583,21,0163,42,5393,75,8334,01,9854,22,0724,45,9296,24,0256,94,4307,12,884

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls