Hindustan Zinc Ltd

Hindustan Zinc Ltd

₹ 629 -0.94%
11 May - 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 2,65,857 Cr.
  • Current Price 629
  • High / Low 733 / 413
  • Stock P/E 19.4
  • Book Value 53.2
  • Dividend Yield 1.75 %
  • ROCE 69.3 %
  • ROE 76.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 68.8%
  • Company has been maintaining a healthy dividend payout of 84.8%

Cons

  • Stock is trading at 11.8 times its book value
  • Promoter holding has decreased over last quarter: -1.13%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
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
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%
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
Profit before tax 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%
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
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14,788 14,181 17,273 22,082 21,118 18,561 22,629 29,440 34,098 28,934 33,969 40,658
7,338 7,923 7,534 9,812 10,448 9,691 10,957 13,214 16,577 15,253 16,630 18,745
Operating Profit 7,450 6,258 9,739 12,270 10,670 8,870 11,672 16,226 17,521 13,681 17,339 21,913
OPM % 50% 44% 56% 56% 51% 48% 52% 55% 51% 47% 51% 54%
2,788 3,127 2,474 1,956 1,782 1,911 1,819 1,082 1,373 1,083 870 1,118
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
Profit before tax 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%
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 24.90 18.43 24.33 32.45
Dividend Payout % 23% 144% 149% 36% 106% 102% 113% 79% 303% 71% 119% 65%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: 6%
TTM: 20%
Compounded Profit Growth
10 Years: 6%
5 Years: 12%
3 Years: 9%
TTM: 33%
Stock Price CAGR
10 Years: 14%
5 Years: 15%
3 Years: 27%
1 Year: 54%
Return on Equity
10 Years: 33%
5 Years: 50%
3 Years: 69%
Last Year: 77%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
0 0 7,908 0 2,538 611 7,201 2,844 11,881 8,722 10,964 8,726
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
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
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

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5,531 6,451 7,588 9,800 8,781 6,621 10,567 12,691 15,166 13,343 14,127 16,857
-3,807 -3,236 12,007 2,396 -1,092 -2,648 -2,435 846 6,525 -3,405 -2,658 -8,760
-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%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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
Inventory Days
Days Payable
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 45
ROCE % 25% 20% 26% 33% 28% 22% 26% 37% 50% 46% 61% 69%

Insights

In beta
Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Mined Metal Production
kt

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Refined Lead Production
kt
Refined Zinc Production
kt
Saleable Silver Production
MT
Total Reserves & Resources
million tonnes
Zinc Cost of Production (excl. Royalty)
$/MT
Combined Zinc and Lead Grade
%
Domestic Primary Zinc Market Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
64.92% 64.92% 64.92% 64.92% 64.92% 63.42% 63.42% 63.42% 61.84% 61.84% 61.84% 60.71%
0.81% 0.75% 0.69% 0.60% 0.74% 1.01% 1.38% 1.43% 1.36% 1.32% 1.54% 2.39%
2.95% 2.98% 2.97% 2.98% 3.01% 3.12% 4.12% 4.14% 4.81% 4.92% 4.68% 4.84%
29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 27.92% 27.92% 27.92% 27.92% 27.92% 27.92%
1.77% 1.81% 1.88% 1.97% 1.78% 2.92% 3.16% 3.10% 4.07% 4.00% 4.01% 4.12%
No. of Shareholders 3,42,5393,75,8334,01,9854,22,0724,45,9296,24,0256,94,4307,12,8848,19,8837,99,7687,93,8828,97,257

* 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.

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