Hindustan Zinc Ltd

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

Hindustan Zinc Ltd

₹ 399 -1.54%
19 Apr - close price
hzlindia.com BSE: 500188 NSE : HINDZINC
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]

Website BSE NSE
  • Market Cap ₹ 1,68,463 Cr.
  • Current Price ₹ 399
  • High / Low ₹ 438 / 285
  • Stock P/E 21.7
  • Book Value ₹ 36.0
  • Dividend Yield 18.9 %
  • ROCE 46.2 %
  • ROE 55.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.2%

Cons

  • Stock is trading at 11.1 times its book value
  • Promoters have pledged 99.4% of their holding.
  • Working capital days have increased from 3.09 days to 74.5 days

* 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

Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6,947 6,531 6,122 7,990 8,797 9,387 8,336 7,866 8,509 7,282 6,791 7,310 7,549
3,072 2,973 2,787 3,620 3,835 4,250 3,929 4,159 4,254 3,935 3,652 3,789 3,900
Operating Profit 3,875 3,558 3,335 4,370 4,962 5,137 4,407 3,707 4,255 3,347 3,139 3,521 3,649
OPM % 56% 54% 54% 55% 56% 55% 53% 47% 50% 46% 46% 48% 48%
295 215 311 279 277 310 367 348 354 282 223 296 273
Interest 131 92 82 50 66 44 51 62 176 218 232 243 262
Depreciation 696 658 702 741 816 731 798 807 928 801 825 905 937
Profit before tax 3,343 3,023 2,862 3,858 4,357 4,672 3,925 3,186 3,505 2,610 2,305 2,669 2,723
Tax % 26% 34% 30% 30% 33% 34% 32% 32% 26% 25% 25% 24% 25%
2,481 1,983 2,017 2,701 2,928 3,092 2,680 2,156 2,583 1,964 1,729 2,028 2,038
EPS in Rs 5.87 4.69 4.77 6.39 6.93 7.32 6.34 5.10 6.11 4.65 4.09 4.80 4.82
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
22,629 29,440 34,098 28,932
10,957 13,215 16,583 15,276
Operating Profit 11,672 16,225 17,515 13,656
OPM % 52% 55% 51% 47%
1,819 1,082 1,370 1,074
Interest 386 290 333 955
Depreciation 2,531 2,917 3,264 3,468
Profit before tax 10,574 14,100 15,288 10,307
Tax % 25% 32% 31% 25%
7,980 9,629 10,511 7,759
EPS in Rs 18.89 22.79 24.88 18.36
Dividend Payout % 113% 79% 303% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: -26%
Stock Price CAGR
10 Years: 12%
5 Years: 8%
3 Years: 12%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: %
3 Years: 39%
Last Year: 55%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
10,567 12,691 15,129 13,346
-2,435 846 6,562 -3,406
-9,697 -12,258 -23,224 -9,946
Net Cash Flow -1,565 1,279 -1,533 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 9 4 2
Inventory Days
Days Payable
Cash Conversion Cycle 7 9 4 2
Working Capital Days -45 -27 -38 75
ROCE % 37% 50%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92% 64.92%
0.96% 0.83% 0.70% 0.79% 0.86% 0.81% 0.87% 0.80% 0.81% 0.75% 0.69% 0.60%
2.63% 2.74% 2.90% 2.95% 2.95% 2.95% 3.03% 2.94% 2.95% 2.98% 2.97% 2.98%
29.58% 29.58% 29.58% 29.58% 29.58% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54% 29.54%
1.91% 1.93% 1.90% 1.76% 1.69% 1.78% 1.65% 1.79% 1.77% 1.81% 1.88% 1.97%
No. of Shareholders 2,12,4282,14,6262,55,9572,65,5782,72,2353,03,3892,86,1583,21,0163,42,5393,75,8334,01,9854,22,072

* 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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