Hindustan Zinc Ltd

Hindustan Zinc Ltd

₹ 311 0.13%
23 Feb - close price
About

Incorporated in 1966, Hindustan Zinc has a rich experience of more than five decades in Zinc- lead mining and smelting.
Ranked #1 in the Metals and Mining Category in Asia Pacific in Dow Jones Sustainability Index 2019, HZL is one of the lowest cost producers of zinc globally and it is India's Only Integrated producer of Zinc, Lead, Silver. [1]

Company is a subsidiary of Vedanta Limited which owns 64.9% stake in it and balance 29.5% stake is owned by Government of India.[2]

Key Points

**Dominant and Leading player **
Hindustan Zinc is the only integrated producer of Zinc, Lead, and Silver in India and is having a dominant market position with ~80% market share in India's primary zinc mining industry. [1]

Highly recognised Globally
Having a rich experience of over five decades in Zinc-lead mining and smelting, HZL has a well-established presence in Asia's emerging economies.
Globally, HZL is India’s largest zinc-lead miner, 2nd Largest zinc-lead smelter & 6th largest silver producer. Company exports accounted for 25% of turnover. [2] [3]

  • Market Cap 1,31,260 Cr.
  • Current Price 311
  • High / Low 344 / 290
  • Stock P/E 15.8
  • Book Value 32.4
  • Dividend Yield 24.3 %
  • ROCE 50.4 %
  • ROE 44.5 %
  • Face Value 2.00

Pros

  • Stock is providing a good dividend yield of 24.3%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
  • Company has been maintaining a healthy dividend payout of 165%

Cons

  • Stock is trading at 9.60 times its book value
  • Promoters have pledged 99.4% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6,033 6,947 6,531 6,122 7,990 8,797 9,387 8,336 7,866 8,509 7,282 6,792 7,310
2,764 3,072 2,973 2,787 3,620 3,834 4,249 3,928 4,159 4,250 3,934 3,653 3,790
Operating Profit 3,269 3,875 3,558 3,335 4,370 4,963 5,138 4,408 3,707 4,259 3,348 3,139 3,520
OPM % 54% 56% 54% 54% 55% 56% 55% 53% 47% 50% 46% 46% 48%
450 295 215 311 279 277 310 367 349 356 287 231 305
Interest 135 131 92 82 50 66 44 51 62 176 218 232 243
Depreciation 639 696 658 702 741 816 731 798 807 928 801 825 904
Profit before tax 2,945 3,343 3,023 2,862 3,858 4,358 4,673 3,926 3,187 3,511 2,616 2,313 2,678
Tax % 25% 26% 34% 30% 30% 33% 34% 32% 32% 26% 25% 25% 24%
2,200 2,481 1,983 2,017 2,701 2,929 3,093 2,681 2,157 2,589 1,970 1,737 2,038
EPS in Rs 5.21 5.87 4.69 4.77 6.39 6.93 7.32 6.35 5.10 6.13 4.66 4.11 4.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
11,405 12,700 13,636 14,788 14,181 17,273 22,082 21,118 18,561 22,629 29,440 34,098 29,893
5,336 6,172 6,717 7,338 7,923 7,534 9,812 10,448 9,691 10,957 13,214 16,577 15,627
Operating Profit 6,069 6,528 6,919 7,450 6,258 9,739 12,270 10,670 8,870 11,672 16,226 17,521 14,266
OPM % 53% 51% 51% 50% 44% 56% 56% 51% 48% 52% 55% 51% 48%
1,500 1,966 1,881 2,788 3,127 2,474 1,956 1,782 1,911 1,819 1,082 1,373 1,179
Interest 14 27 45 24 17 202 246 113 112 386 290 333 869
Depreciation 611 647 785 644 745 1,811 1,483 1,883 2,279 2,531 2,917 3,264 3,458
Profit before tax 6,945 7,820 7,970 9,570 8,623 10,200 12,497 10,456 8,390 10,574 14,101 15,297 11,118
Tax % 20% 12% 13% 15% 5% 18% 26% 24% 19% 25% 32% 31%
5,526 6,899 6,905 8,178 8,175 8,316 9,276 7,956 6,805 7,980 9,630 10,520 8,334
EPS in Rs 13.08 16.33 16.34 19.35 19.35 19.68 21.95 18.83 16.11 18.89 22.79 24.90 19.72
Dividend Payout % 18% 19% 21% 23% 144% 149% 36% 106% 102% 113% 79% 303%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 22%
TTM: -13%
Compounded Profit Growth
10 Years: 6%
5 Years: 4%
3 Years: 16%
TTM: -23%
Stock Price CAGR
10 Years: 10%
5 Years: 3%
3 Years: 1%
1 Year: -3%
Return on Equity
10 Years: 23%
5 Years: 26%
3 Years: 30%
Last Year: 44%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 845 845 845 845 845 845 845 845 845 845 845 845 845
Reserves 26,036 31,431 36,573 42,508 36,540 29,960 35,087 32,760 39,465 31,468 33,437 12,097 12,833
0 0 0 0 0 7,908 0 2,538 611 7,201 2,844 11,881 11,541
2,603 3,190 4,259 5,639 15,810 13,082 7,000 6,315 6,054 6,213 7,545 10,631 10,117
Total Liabilities 29,485 35,465 41,677 48,992 53,195 51,795 42,932 42,458 46,975 45,727 44,671 35,454 35,336
8,513 8,484 9,147 9,446 10,385 9,993 11,302 14,778 16,469 16,808 17,396 17,620 18,547
CWIP 445 1,082 1,541 2,005 2,428 3,071 3,220 2,254 2,489 1,922 2,075 2,107 1,250
Investments 12,695 14,540 22,506 27,254 35,221 23,783 20,222 19,488 20,329 12,957 15,052 10,107 11,074
7,832 11,360 8,482 10,288 5,161 14,948 8,188 5,938 7,688 14,040 10,148 5,620 4,465
Total Assets 29,485 35,465 41,677 48,992 53,195 51,795 42,932 42,458 46,975 45,727 44,671 35,454 35,336

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,492 4,785 5,471 5,531 6,451 7,588 9,800 8,781 6,621 10,567 12,691 15,133
-3,499 -3,269 -3,955 -3,807 -3,236 12,007 2,396 -1,092 -2,648 -2,435 846 6,558
-1,242 -1,255 -1,577 -1,902 -3,214 -11,266 -18,612 -9,630 -2,098 -9,697 -12,258 -23,224
Net Cash Flow -248 261 -62 -178 1 8,329 -6,416 -1,941 1,875 -1,565 1,279 -1,533

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 11 12 11 16 3 3 3 3 7 7 9 4
Inventory Days 620
Days Payable 225
Cash Conversion Cycle 11 407 11 16 3 3 3 3 7 7 9 4
Working Capital Days 7 11 -1 -14 -347 -208 -67 -54 -44 -56 -27 -37
ROCE % 26% 23% 20% 25% 20% 26% 33% 28% 22% 26% 37% 50%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92%
1.10% 0.96% 0.83% 0.70% 0.79% 0.86% 0.81% 0.87% 0.80% 0.81% 0.75% 0.69%
2.55% 2.63% 2.74% 2.90% 2.95% 2.95% 2.95% 3.03% 2.94% 2.95% 2.98% 2.97%
29.59% 29.58% 29.58% 29.58% 29.58% 29.58% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54%
1.83% 1.91% 1.93% 1.90% 1.76% 1.69% 1.78% 1.65% 1.79% 1.77% 1.81% 1.88%
No. of Shareholders 1,71,7652,12,4282,14,6262,55,9572,65,5782,72,2353,03,3892,86,1583,21,0163,42,5393,75,8334,01,985

* 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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