Hindustan Zinc Ltd

Hindustan Zinc Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Zinc Ltd

₹ 680 2.92%
20 Jan 4:01 p.m.
hzlindia.com BSE: 500188 NSE: HINDZINC
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]

Website BSE NSE
  • Market Cap ₹ 2,87,533 Cr.
  • Current Price ₹ 680
  • High / Low ₹ 696 / 378
  • Stock P/E 24.4
  • Book Value ₹ 32.4
  • Dividend Yield 4.20 %
  • ROCE 61.0 %
  • ROE 72.9 %
  • Face Value ₹ 2.00
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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 20.7 times its book value
  • Promoters have pledged or encumbered 90.3% of their holding.
  • Promoter holding has decreased over last 3 years: -3.09%

* 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

Commodities Metals & Mining Non - Ferrous Metals Zinc

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty Next 50 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
7,866 8,509 7,282 6,791 7,310 7,549 8,130 8,252 8,614 9,087 7,771 8,549 10,980
4,159 4,254 3,935 3,652 3,789 3,900 4,184 4,129 4,115 4,267 3,912 4,104 4,926
Operating Profit 3,707 4,255 3,347 3,139 3,521 3,649 3,946 4,123 4,499 4,820 3,859 4,445 6,054
OPM % 47% 50% 46% 46% 48% 48% 49% 50% 52% 53% 50% 52% 55%
348 354 282 223 296 273 268 187 218 227 279 238 318
Interest 62 176 218 232 243 262 256 303 285 251 240 259 195
Depreciation 807 928 801 825 905 937 844 877 905 1,014 913 882 947
Profit before tax 3,186 3,505 2,610 2,305 2,669 2,723 3,114 3,130 3,527 3,782 2,985 3,542 5,230
Tax % 32% 26% 25% 25% 24% 25% 25% 26% 24% 21% 25% 25% 25%
2,156 2,583 1,964 1,729 2,028 2,038 2,345 2,327 2,678 3,003 2,234 2,649 3,916
EPS in Rs 5.10 6.11 4.65 4.09 4.80 4.82 5.55 5.51 6.34 7.11 5.29 6.27 9.27
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 36,387
10,957 13,215 16,583 15,256 16,652 17,209
Operating Profit 11,672 16,225 17,515 13,676 17,431 19,178
OPM % 52% 55% 51% 47% 51% 53%
1,819 1,082 1,370 1,054 857 1,062
Interest 386 290 333 955 1,095 945
Depreciation 2,531 2,917 3,264 3,468 3,640 3,756
Profit before tax 10,574 14,100 15,288 10,307 13,553 15,539
Tax % 25% 32% 31% 25% 24%
7,980 9,629 10,511 7,759 10,353 11,802
EPS in Rs 18.89 22.79 24.88 18.36 24.50 27.94
Dividend Payout % 113% 79% 303% 71% 118%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: 25%
Stock Price CAGR
10 Years: 16%
5 Years: 18%
3 Years: 23%
1 Year: 42%
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 Sep 2025
Equity Capital 845 845 845 845 845 845
Reserves 31,468 33,436 12,087 14,350 12,481 12,852
7,201 2,844 11,881 8,722 10,967 11,172
6,213 7,545 10,654 9,978 10,197 10,726
Total Liabilities 45,727 44,670 35,467 33,895 34,490 35,595
16,808 17,396 17,622 18,151 18,608 19,257
CWIP 1,922 2,075 2,237 1,696 2,606 2,996
Investments 12,957 15,052 10,107 10,452 9,972 8,720
14,040 10,147 5,501 3,596 3,304 4,622
Total Assets 45,727 44,670 35,467 33,895 34,490 35,595

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 -91 -36 -149 -104 -95
ROCE % 37% 50% 46% 61%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 63.42% 63.42% 63.42% 61.84% 61.84% 61.84%
0.80% 0.81% 0.75% 0.69% 0.60% 0.74% 1.01% 1.38% 1.43% 1.36% 1.32% 1.54%
2.94% 2.95% 2.98% 2.97% 2.98% 3.01% 3.12% 4.12% 4.14% 4.81% 4.92% 4.68%
29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 27.92% 27.92% 27.92% 27.92% 27.92%
1.79% 1.77% 1.81% 1.88% 1.97% 1.78% 2.92% 3.16% 3.10% 4.07% 4.00% 4.01%
No. of Shareholders 3,21,0163,42,5393,75,8334,01,9854,22,0724,45,9296,24,0256,94,4307,12,8848,19,8837,99,7687,93,882

* 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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