Hindustan Zinc Ltd

Hindustan Zinc Ltd

₹ 443 -0.33%
22 Jul - 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 1,87,266 Cr.
  • Current Price 443
  • High / Low 664 / 378
  • Stock P/E 18.2
  • Book Value 31.5
  • Dividend Yield 6.54 %
  • ROCE 61.1 %
  • ROE 73.0 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 55.2%
  • Company has been maintaining a healthy dividend payout of 164%

Cons

  • Stock is trading at 14.0 times its book value
  • Promoter holding has decreased over last quarter: -1.57%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
9,387 8,336 7,866 8,509 7,282 6,791 7,310 7,549 8,130 8,252 8,614 9,087 7,771
4,250 3,929 4,159 4,254 3,935 3,652 3,789 3,900 4,184 4,129 4,115 4,267 3,912
Operating Profit 5,137 4,407 3,707 4,255 3,347 3,139 3,521 3,649 3,946 4,123 4,499 4,820 3,859
OPM % 55% 53% 47% 50% 46% 46% 48% 48% 49% 50% 52% 53% 50%
310 367 348 354 282 223 296 273 268 187 218 227 279
Interest 44 51 62 176 218 232 243 262 256 303 285 251 240
Depreciation 731 798 807 928 801 825 905 937 844 877 905 1,014 913
Profit before tax 4,672 3,925 3,186 3,505 2,610 2,305 2,669 2,723 3,114 3,130 3,527 3,782 2,985
Tax % 34% 32% 32% 26% 25% 25% 24% 25% 25% 26% 24% 21% 25%
3,092 2,680 2,156 2,583 1,964 1,729 2,028 2,038 2,345 2,327 2,678 3,003 2,234
EPS in Rs 7.32 6.34 5.10 6.11 4.65 4.09 4.80 4.82 5.55 5.51 6.34 7.11 5.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
22,629 29,440 34,098 28,932 34,083 33,724
10,957 13,215 16,583 15,256 16,695 16,423
Operating Profit 11,672 16,225 17,515 13,676 17,388 17,301
OPM % 52% 55% 51% 47% 51% 51%
1,819 1,082 1,370 1,054 900 911
Interest 386 290 333 955 1,095 1,079
Depreciation 2,531 2,917 3,264 3,468 3,640 3,709
Profit before tax 10,574 14,100 15,288 10,307 13,553 13,424
Tax % 25% 32% 31% 25% 24%
7,980 9,629 10,511 7,759 10,353 10,242
EPS in Rs 18.89 22.79 24.88 18.36 24.50 24.25
Dividend Payout % 113% 79% 303% 71% 118%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: 27%
Stock Price CAGR
10 Years: 10%
5 Years: 16%
3 Years: 17%
1 Year: -30%
Return on Equity
10 Years: %
5 Years: %
3 Years: 55%
Last Year: 73%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 845 845 845 845 845
Reserves 31,468 33,436 12,087 14,350 12,481
7,201 2,844 11,881 8,722 10,967
6,213 7,545 10,654 9,978 10,197
Total Liabilities 45,727 44,670 35,467 33,895 34,490
16,808 17,396 17,622 18,151 18,608
CWIP 1,922 2,075 2,237 1,696 2,606
Investments 12,957 15,052 10,107 10,452 9,972
14,040 10,147 5,501 3,596 3,304
Total Assets 45,727 44,670 35,467 33,895 34,490

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10,567 12,691 15,162 13,346 14,160
-2,435 846 6,529 -3,406 -2,706
-9,697 -12,258 -23,224 -9,946 -11,411
Net Cash Flow -1,565 1,279 -1,533 -6 43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 7 9 4 2 1
Inventory Days
Days Payable
Cash Conversion Cycle 7 9 4 2 1
Working Capital Days -45 -27 -38 -50 54
ROCE % 37% 50% 46% 61%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 63.42% 63.42% 63.42% 61.84%
0.81% 0.87% 0.80% 0.81% 0.75% 0.69% 0.60% 0.74% 1.01% 1.38% 1.43% 1.36%
2.95% 3.03% 2.94% 2.95% 2.98% 2.97% 2.98% 3.01% 3.12% 4.12% 4.14% 4.81%
29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 27.92% 27.92% 27.92%
1.78% 1.65% 1.79% 1.77% 1.81% 1.88% 1.97% 1.78% 2.92% 3.16% 3.10% 4.07%
No. of Shareholders 3,03,3892,86,1583,21,0163,42,5393,75,8334,01,9854,22,0724,45,9296,24,0256,94,4307,12,8848,19,883

* 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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