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Hindustan Zinc Limited
(HINDZINC)
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Rating:78Outperform
Price Target:
₹679.00
▲(9.22% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance—high profitability with solid cash generation and a rebound in recent results—partly offset by cyclical volatility and balance-sheet consistency risks. Technicals are bullish on trend but appear overbought, which tempers the near-term outlook. Valuation is supportive with a moderate P/E and a ~2% dividend yield.
Positive Factors
High profitability & margins
Sustained strong gross and operating margins imply structural cost and scale advantages in mining and smelting. High profitability supports internal reinvestment, dividend capacity, and resilience through commodity cycles, enabling long-term value retention even if volumes fluctuate.
Negative Factors
Commodity-cycle volatility
Dependence on zinc/lead/silver markets exposes revenue, margins and cash flow to prolonged price swings. Over multi‑month horizons this makes planning for capex, distributions and debt servicing harder and can quickly depress returns during sustained commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability & margins
Sustained strong gross and operating margins imply structural cost and scale advantages in mining and smelting. High profitability supports internal reinvestment, dividend capacity, and resilience through commodity cycles, enabling long-term value retention even if volumes fluctuate.
Read all positive factors
Hindustan Zinc Limited (HINDZINC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.40T
Dividend Yield1.92%
Average Volume (3M)368.43K
Price to Earnings (P/E)14.2
Beta (1Y)0.94
Revenue Growth38.83%
EPS Growth66.64%
CountryIN
Employees3,303
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)40.39
Shares Outstanding4,225,319,000
10 Day Avg. Volume279,885
30 Day Avg. Volume368,432
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)9.79
Price to Sales (P/S)5.65
P/FCF Ratio18.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)42.67
Revenue Forecast (FY)₹492.56B
Hindustan Zinc Limited Business Overview & Revenue Model
Company Description
Hindustan Zinc Limited is engaged in the exploration, extraction, and processing of minerals, conducting operations across India, other parts of Asia, and on an international scale. The company's business is organized into two primary divisions: Z...
How the Company Makes Money
Hindustan Zinc Limited makes money mainly by producing and selling mined-and-refined metals and related by-products. Its core revenue streams are (1) Zinc: sale of refined zinc metal and zinc-related products to industrial customers (commonly used...
Hindustan Zinc Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 449.01B | 391.92B | 330.41B | 280.82B | 332.72B | 287.90B |
| Gross Profit | 329.60B | 280.96B | 206.82B | 168.69B | 214.03B | 185.68B |
| EBITDA | 254.39B | 231.79B | 181.73B | 146.60B | 188.37B | 172.82B |
| Net Income | 170.67B | 138.32B | 103.53B | 77.59B | 105.11B | 96.29B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 423.70B | 344.90B | 338.95B | 354.67B | 446.70B |
| Cash, Cash Equivalents and Short-Term Investments | 136.51B | 137.37B | 93.00B | 100.20B | 99.09B | 207.89B |
| Total Debt | 0.00 | 88.33B | 115.36B | 91.21B | 121.88B | 31.24B |
| Total Liabilities | -226.29B | 197.41B | 211.64B | 187.00B | 225.35B | 103.89B |
| Stockholders Equity | 226.29B | 226.29B | 133.26B | 151.95B | 129.32B | 342.81B |
Cash Flow | ||||||
| Free Cash Flow | 30.83B | 117.33B | 101.54B | 94.80B | 115.68B | 96.93B |
| Operating Cash Flow | 55.80B | 170.08B | 141.60B | 133.46B | 151.29B | 126.91B |
| Investing Cash Flow | -7.75B | -89.06B | -27.06B | -34.06B | 65.62B | 8.46B |
| Financing Cash Flow | -48.10B | -79.01B | -114.11B | -99.46B | -232.24B | -122.58B |
Hindustan Zinc Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.40T | 14.17 | ― | 1.92% | 38.83% | 66.64% | |
74 Outperform | ₹119.76B | 29.94 | ― | 0.39% | 17.48% | 12.57% | |
67 Neutral | ₹1.00T | 5.11 | ― | 4.98% | -27.72% | 34.66% | |
66 Neutral | ₹48.16B | 16.29 | ― | 2.86% | 5.78% | 8.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹67.21B | 13.11 | ― | 0.98% | 23.64% | 46.48% | |
37 Underperform | ₹469.55M | -7.51 | ― | ― | ― | 13.48% |
* General Sector Average
IN:HINDZINC
Hindustan Zinc Limited
573.50
128.63
28.91%
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Hindustan Zinc Limited Corporate Events
Hindustan Zinc Files Q1 FY27 Earnings Call Transcript with Exchanges
Jul 28, 2026
Hindustan Zinc Limited has released the official transcript of its Q1 FY27 earnings conference call, detailing management’s discussion of financial performance for the quarter ended June 30, 2026. The transcript, which features remarks from ...
Hindustan Zinc Publishes Q1 FY27 Unaudited Results in Leading Dailies
Jul 25, 2026
Hindustan Zinc Limited has notified stock exchanges that it has published newspaper advertisements detailing its unaudited financial results for the first quarter ended June 30, 2026. The results were carried in major English and Hindi dailies, in...
Hindustan Zinc Elevates Key Executives to Senior Management Roles
Jul 24, 2026
Hindustan Zinc Limited’s board has reclassified two existing senior officials, Chief Human Resources Officer Munish Vasudeva and Chief Operating Officer Kishor Kumar Sugumaran, as Senior Management Personnel effective July 24, 2026. The move...
Hindustan Zinc Secures Composite Licence for Rare Earth Exploration in Uttar Pradesh
Jun 27, 2026
Hindustan Zinc Limited has executed a Composite Licence deed with the Government of Uttar Pradesh for the Nawatola Laband Rare Earth Elements block in Sonbhadra district, covering 210.01 hectares. The licence allows the company to carry out reconn...
Hindustan Zinc Faces ED Search Under FEMA, Says Operations Unaffected
Jun 3, 2026
Hindustan Zinc Limited disclosed that India’s Directorate of Enforcement conducted a search operation at its premises from June 1 to June 3, 2026, under the provisions of the Foreign Exchange Management Act, 1999. The company said any penalt...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.