Hindustan Zinc Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 76.6%)
- ✓Efficient capital deployment (ROCE 69.5%)
- ✓Attractively valued vs sector (P/E 15.9x vs industry 31.6x)
- ✓Low debt relative to equity (D/E 0.4x)
- ✓Regular dividends — yield 2.1%
Concerns
- ✗High premium to book value (P/B 10x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIENT Adani Enterprises Limited | ₹3,148 | ₹4.3L Cr | 120 | 5.02 | -3.38 | 5.8 | 2.03 |
| JSWSTEEL JSW Steel Limited | ₹1,264 | ₹3.0L Cr | 25.1 | 3.09 | 10.2 | 11 | 1.22 |
| TATASTEEL Tata Steel Limited | ₹186 | ₹2.3L Cr | 20.5 | 2.27 | 11.7 | 12.5 | 1.01 |
| HINDALCO Hindalco Industries Limited | ₹950 | ₹2.1L Cr | 12.6 | 1.56 | 13 | 13.2 | 0.56 |
| LLOYDSME Lloyds Metals And Energy Limited | ₹1,872 -3.34% | ₹1.1L Cr | 28.2 | 7.39 | 36.6 | 27.3 | 1.45 |
| JINDALSTEL JINDAL STEEL LIMITED | ₹1,048 | ₹1.0L Cr | 25.9 | 2.1 | 8.22 | 9.7 | 0.39 |
| VEDL Vedanta Limited | ₹263 | ₹99K Cr | 5.71 | 2.07 | 38.2 | 16.1 | 2.12 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HINDZINC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 64.92% | 64.92% | 64.92% | 63.42% | 63.42% | 63.42% |
| FII | 0.69% | 0.60% | 0.74% | 1.01% | 1.38% | 1.43% |
| DII | 2.97% | 2.98% | 3.01% | 3.12% | 4.12% | 4.14% |
| Public | 1.88% | 1.97% | 1.78% | 2.92% | 3.16% | 3.10% |
| Govt | 29.54% | 29.54% | 29.54% | 29.54% | 27.92% | 27.92% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Interim Dividend - Rs 11 Per Share
Interim Dividend - Rs 10 Per Share
Interim Dividend - Rs 19 Per Share
Annual General Meeting
Interim Dividend - Rs 10 Per Share
Interim Dividend - Rs 6 Per Share
Annual General Meeting
Interim Dividend - Rs 7 Per Share
Record: 14 Jul 2023
Latest News
All news →Hindustan Zinc shares see general updates on NSE
*Hindustan Zinc shares see general updates on NSE* as per a recent corporate filing. The update does not disclose any major financial or operational event. No significant impact on trading or fundamentals is expected. 📊 *STOCKS:* HINDZINC | 🏢 *SECTOR:* Corporate | #LOWIMPACT #HindustanZinc
Hindustan Zinc partners with Sulfozyme for sustainable metal recovery.
*Hindustan Zinc partners with Sulfozyme Agro under the Zinc Park Initiative.* The collaboration aims to advance sustainable metal recovery using bio-mining technologies. The press release highlights environmental innovation but reveals no financial outlay or revenue impact. Details on timelines or investment amounts are not disclosed. 📊 *STOCKS:* HINDZINC | 🏢 *SECTOR:* Corporate | #LOWIMPACT #Sustainability
Hindustan Zinc shares see general updates on NSE
*Hindustan Zinc shares see general updates on NSE.* The company filed routine updates with the exchange, containing no major financial or operational announcements. Such filings typically include administrative or compliance-related information. Traders should monitor for further material developments. 📊 *STOCKS:* HINDZINC | 🏢 *SECTOR:* Corporate | #LOWIMPACT #corporate
India plans another Hindustan Zinc stake sale
*India plans another Hindustan Zinc stake sale* The Indian government is considering a fresh stake sale in Hindustan Zinc, aiming to raise funds through disinvestment. This follows previous partial privatizations of the state-owned miner. Market reaction will depend on the stake size and pricing. 📊 *STOCKS:* HINDZINC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #StakeSale
India to sell up to 2% in Hindustan Zinc via disinvestment
*India to sell up to 2% stake in Hindustan Zinc as part of its disinvestment drive.* The government aims to raise funds through the strategic sale, potentially impacting promoter holding. **2% stake sale** could fetch significant capital depending on market conditions. Investor sentiment may shift ahead of the announcement. 📊 *STOCKS:* HINDZINC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #disinvestment
India considers $525M Hindustan Zinc stake sale
*India considers $525M Hindustan Zinc stake sale*. The government is evaluating a strategic share sale in Hindustan Zinc, potentially raising up to **$525 million**. This move is part of broader divestment plans for state-owned enterprises. The sale could impact F&O volatility near announcement. 📊 *STOCKS:* HINDZINC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #StakeSale
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹13.5K Cr ▲23.4% | ₹11.0K Cr ▲28.4% | ₹8.5K Cr ▲10.0% | ₹7.8K Cr ▼14.5% | ₹9.1K Cr ▲5.5% | ₹8.6K Cr ▲4.4% | ₹8.3K Cr ▲1.5% | ₹8.1K Cr |
| Op. Profit | ₹7.7K Cr ▲27.3% | ₹6.1K Cr ▲36.2% | ₹4.4K Cr ▲15.2% | ₹3.9K Cr ▼19.9% | ₹4.8K Cr ▲7.1% | ₹4.5K Cr ▲9.1% | ₹4.1K Cr ▲4.5% | ₹3.9K Cr |
| OPM | 57.0% ▲3.6% | 55.0% ▲5.8% | 52.0% ▲4.0% | 50.0% ▼5.7% | 53.0% ▲1.9% | 52.0% ▲4.0% | 50.0% ▲2.0% | 49.0% |
| Net Profit | ₹5.0K Cr ▲28.5% | ₹3.9K Cr ▲47.8% | ₹2.6K Cr ▲18.6% | ₹2.2K Cr ▼25.6% | ₹3.0K Cr ▲12.1% | ₹2.7K Cr ▲15.1% | ₹2.3K Cr ▼0.8% | ₹2.3K Cr |
| EPS (₹) | 11.91 ▲28.5% | 9.27 ▲47.8% | 6.27 ▲18.5% | 5.29 ▼25.6% | 7.11 ▲12.1% | 6.34 ▲15.1% | 5.51 ▼0.7% | 5.55 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue | ₹40.8K Cr ▲19.8% | ₹34.1K Cr ▲17.8% | ₹28.9K Cr ▼15.2% | ₹34.1K Cr ▲15.8% | ₹29.4K Cr ▲30.1% | ₹22.6K Cr |
| Expenses | ₹18.8K Cr ▲12.7% | ₹16.7K Cr ▲9.2% | ₹15.3K Cr ▼8.0% | ₹16.6K Cr ▲25.5% | ₹13.2K Cr ▲20.6% | ₹11.0K Cr |
| Op. Profit | ₹22.1K Cr ▲26.7% | ₹17.4K Cr ▲27.5% | ₹13.7K Cr ▼21.9% | ₹17.5K Cr ▲8.0% | ₹16.2K Cr ▲39.0% | ₹11.7K Cr |
| OPM | 54.0% ▲5.9% | 51.0% ▲8.5% | 47.0% ▼7.8% | 51.0% ▼7.3% | 55.0% ▲5.8% | 52.0% |
| Other Income | ₹1.1K Cr ▲28.2% | ₹857 Cr ▼18.7% | ₹1.1K Cr ▼23.1% | ₹1.4K Cr ▲26.6% | ₹1.1K Cr ▼40.5% | ₹1.8K Cr |
| Interest | ₹881 Cr ▼19.5% | ₹1.1K Cr ▲14.7% | ₹955 Cr ▲186.8% | ₹333 Cr ▲14.8% | ₹290 Cr ▼24.9% | ₹386 Cr |
| Depreciation | ₹3.8K Cr ▲4.1% | ₹3.6K Cr ▲5.0% | ₹3.5K Cr ▲6.3% | ₹3.3K Cr ▲11.9% | ₹2.9K Cr ▲15.3% | ₹2.5K Cr |
| PBT | ₹18.5K Cr ▲36.6% | ₹13.6K Cr ▲31.5% | ₹10.3K Cr ▼32.6% | ₹15.3K Cr ▲8.4% | ₹14.1K Cr ▲33.3% | ₹10.6K Cr |
| Tax % | 25.0% ▲4.2% | 24.0% ▼4.0% | 25.0% ▼19.4% | 31.0% ▼3.1% | 32.0% ▲28.0% | 25.0% |
| Net Profit | ₹13.8K Cr ▲33.6% | ₹10.4K Cr ▲33.4% | ₹7.8K Cr ▼26.2% | ₹10.5K Cr ▲9.2% | ₹9.6K Cr ▲20.7% | ₹8.0K Cr |
| EPS (₹) | 32.74 ▲33.6% | 24.5 ▲33.4% | 18.36 ▼26.2% | 24.88 ▲9.2% | 22.79 ▲20.6% | 18.89 |
| Div Payout | 0.0% ▼100.0% | 118.0% ▲66.2% | 71.0% ▼76.6% | 303.0% ▲283.5% | 79.0% ▼30.1% | 113.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Liabilities | ||||||
| Equity Capital | ₹845 Cr ▲0.0% | ₹845 Cr ▲0.0% | ₹845 Cr ▲0.0% | ₹845 Cr ▲0.0% | ₹845 Cr ▲0.0% | ₹845 Cr |
| Reserves | ₹21.8K Cr ▲74.5% | ₹12.5K Cr ▼13.0% | ₹14.3K Cr ▲18.7% | ₹12.1K Cr ▼63.9% | ₹33.4K Cr ▲6.3% | ₹31.5K Cr |
| Borrowings | ₹8.7K Cr ▼20.4% | ₹11.0K Cr ▲25.7% | ₹8.7K Cr ▼26.6% | ₹11.9K Cr ▲317.8% | ₹2.8K Cr ▼60.5% | ₹7.2K Cr |
| Other Liabilities | ₹11.0K Cr ▲8.0% | ₹10.2K Cr ▲2.2% | ₹10.0K Cr ▼6.3% | ₹10.7K Cr ▲41.2% | ₹7.5K Cr ▲21.4% | ₹6.2K Cr |
| Total Liabilities | ₹42.4K Cr ▲22.8% | ₹34.5K Cr ▲1.8% | ₹33.9K Cr ▼4.4% | ₹35.5K Cr ▼20.6% | ₹44.7K Cr ▼2.3% | ₹45.7K Cr |
| Assets | ||||||
| Fixed Assets | ₹19.9K Cr ▲7.1% | ₹18.6K Cr ▲2.5% | ₹18.2K Cr ▲3.0% | ₹17.6K Cr ▲1.3% | ₹17.4K Cr ▲3.5% | ₹16.8K Cr |
| CWIP | ₹3.4K Cr ▲30.8% | ₹2.6K Cr ▲53.7% | ₹1.7K Cr ▼24.2% | ₹2.2K Cr ▲7.8% | ₹2.1K Cr ▲8.0% | ₹1.9K Cr |
| Investments | ₹14.5K Cr ▲45.1% | ₹10.0K Cr ▼4.6% | ₹10.5K Cr ▲3.4% | ₹10.1K Cr ▼32.9% | ₹15.1K Cr ▲16.2% | ₹13.0K Cr |
| Other Assets | ₹4.6K Cr ▲37.9% | ₹3.3K Cr ▼8.1% | ₹3.6K Cr ▼34.6% | ₹5.5K Cr ▼45.8% | ₹10.1K Cr ▼27.7% | ₹14.0K Cr |
| Total Assets | ₹42.4K Cr ▲22.8% | ₹34.5K Cr ▲1.8% | ₹33.9K Cr ▼4.4% | ₹35.5K Cr ▼20.6% | ₹44.7K Cr ▼2.3% | ₹45.7K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Operating CF | ₹17.0K Cr ▲20.1% | ₹14.2K Cr ▲6.1% | ₹13.3K Cr ▼12.0% | ₹15.2K Cr ▲19.5% | ₹12.7K Cr ▲20.1% | ₹10.6K Cr |
| Investing CF | ₹-8.9K Cr ▼229.1% | ₹-2.7K Cr ▲20.6% | ₹-3.4K Cr ▼152.2% | ₹6.5K Cr ▲671.7% | ₹846 Cr ▲134.7% | ₹-2.4K Cr |
| Financing CF | ₹-7.9K Cr ▲30.8% | ₹-11.4K Cr ▼14.7% | ₹-9.9K Cr ▲57.2% | ₹-23.2K Cr ▼89.5% | ₹-12.3K Cr ▼26.4% | ₹-9.7K Cr |
| Net Cash Flow | ₹201 Cr ▲367.4% | ₹43 Cr ▲816.7% | ₹-6 Cr ▲99.6% | ₹-1.5K Cr ▼219.9% | ₹1.3K Cr ▲181.7% | ₹-1.6K Cr |
| Free Cash Flow | ₹11.7K Cr ▲15.6% | ₹10.2K Cr ▲6.6% | ₹9.5K Cr ▼17.7% | ₹11.6K Cr ▲19.2% | ₹9.7K Cr ▲19.4% | ₹8.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 4d ▲300.0% | 1d ▼50.0% | 2d ▼50.0% | 4d ▼55.6% | 9d ▲28.6% | 7d |
| Inventory Days | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — |
| Cash Conv. Cycle | 4d ▲300.0% | 1d ▼50.0% | 2d ▼50.0% | 4d ▼55.6% | 9d ▲28.6% | 7d |
| Working Capital Days | -75d ▲21.1% | -95d ▲8.7% | -104d ▲30.2% | -149d ▼313.9% | -36d ▲60.4% | -91d |
| ROCE | 70.0% ▲14.8% | 61.0% ▲32.6% | 46.0% ▼8.0% | 50.0% ▲35.1% | 37.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Hindustan Zinc Limited
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]
Metals & Mining · Non - Ferrous Metals