Hindustan Zinc Limited (HINDZINC) AI Stock Analysis

• Market Cap: ₹2.00T
• Dividend Yield: 6.11%
• Average Volume (3M): 423.94K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 1.24
• Revenue Growth: 8.90%
• EPS Growth: 20.90%
• Country: IN
• Employees: 3,557
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 6.25
• Shares Outstanding: 4,225,319,000
• 10 Day Avg. Volume: 510,863
• 30 Day Avg. Volume: 423,940
• PEG Ratio: 0.55
• Price to Book (P/B): 14.40
• Price to Sales (P/S): 5.81
• P/FCF Ratio: 18.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹350.00
• Price Target Upside: -26.25% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: ₹511.00 ▲(7.68% Upside)

Hindustan Zinc Limited's overall stock score is driven by its strong financial performance and attractive valuation. The company's robust revenue and profit growth, coupled with efficient operations, underpin its financial health. The technical analysis supports a stable outlook with positive momentum indicators. The fair P/E ratio and high dividend yield enhance the stock's appeal, making it a solid investment choice in the industrial materials sector.

Hindustan Zinc Limited Business Overview & Revenue Model

Company Description

Hindustan Zinc Limited explores for, extracts, and processes minerals in India, Asia, and internationally. It operates through two segments, Zinc, Lead, Silver & Others; and Wind Energy. The company produces refined zinc and lead, and silver, as well as sulphuric acid; and manufactures metals and related alloys. It also operates thermal captive power plants with a total power generation capacity of 505.5 megawatts; wind power plants with a capacity of 273.5 megawatts; solar power plants with a capacity of 40.42 megawatts; and waste heat power plants with a capacity of 40.67megawatts. The company was incorporated in 1966 and is headquartered in Udaipur, India. Hindustan Zinc Limited is a subsidiary of Vedanta Limited.

How the Company Makes Money

Hindustan Zinc Limited generates revenue primarily through the mining and production of zinc, lead, and silver. The company's revenue model is centered around the sale of refined zinc and lead metal, as well as silver bullion, to domestic and international markets. Hindustan Zinc operates some of the largest zinc-lead mines in the world, which ensures a steady supply of raw materials for its smelting operations. Key revenue streams include the sale of zinc ingots, lead ingots, and silver bars. Additionally, the company benefits from its strategic partnerships with global metal trading firms and its integration into Vedanta Limited's larger mineral and energy portfolio, which enhances its market reach and distribution capabilities. The company's earnings are also supported by its focus on cost-efficient mining practices and continuous investment in state-of-the-art technology to improve operational efficiency and output.

Hindustan Zinc Limited Financial Statement Overview

Summary

Hindustan Zinc Limited exhibits robust financial health with strong performance across all key financial metrics. The company has demonstrated consistent revenue and profit growth, backed by efficient operations and prudent financial management. While minor challenges exist, such as slight asset reduction, the overall financial position remains solid, indicating a well-managed and profitable enterprise.

Income Statement

Hindustan Zinc Limited has shown strong revenue growth with a significant increase from the previous year, indicating a robust business trajectory. The company has maintained high gross profit and net profit margins, showcasing its ability to generate substantial profits from its operations. The EBIT and EBITDA margins are also strong, underscoring operational efficiency and profitability.

Balance Sheet

The balance sheet reveals a healthy equity position with a moderate debt-to-equity ratio, suggesting balanced leverage. The return on equity is impressive, reflecting efficient use of shareholder funds to generate profits. However, the total assets have slightly decreased, possibly indicating asset divestment or efficiency improvement measures.

Cash Flow

The cash flow statement reflects a positive trend in free cash flow growth, demonstrating effective cash management and operational efficiency. The operating cash flow to net income ratio is strong, highlighting the company's ability to convert net income into cash. The free cash flow to net income ratio further suggests a stable liquidity position.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	329.87B	330.41B	301.43B	328.83B	282.33B	220.71B
Gross Profit	248.22B	253.62B	128.05B	143.12B	129.71B	89.06B
EBITDA	172.99B	182.88B	147.30B	188.78B	172.85B	134.79B
Net Income	102.42B	103.53B	77.59B	105.11B	96.29B	79.80B
Balance Sheet
Total Assets	344.90B	344.90B	338.95B	354.67B	446.70B	457.27B
Cash, Cash Equivalents and Short-Term Investments	93.00B	93.00B	100.20B	99.09B	207.89B	179.58B
Total Debt	115.36B	115.36B	91.21B	121.88B	31.24B	72.01B
Total Liabilities	211.64B	211.64B	187.00B	225.35B	103.89B	134.14B
Stockholders Equity	133.26B	133.26B	151.95B	129.32B	342.81B	323.13B
Cash Flow
Free Cash Flow	0.00	101.54B	94.80B	115.68B	96.93B	80.86B
Operating Cash Flow	0.00	141.60B	133.46B	151.29B	126.91B	105.67B
Investing Cash Flow	0.00	-27.06B	-34.06B	65.62B	8.46B	-24.35B
Financing Cash Flow	0.00	-114.11B	-99.46B	-232.24B	-122.58B	-96.97B

Hindustan Zinc Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 474.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDZINC, the sentiment is Positive. The current price of 474.55 is below the 20-day moving average (MA) of 488.34, above the 50-day MA of 468.42, and above the 200-day MA of 443.29, indicating a neutral trend. The MACD of -0.27 indicates Positive momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 23.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HINDZINC.

Hindustan Zinc Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HINDZINC	79 Outperform	₹2.00T	18.93	―	6.11%	8.90%	20.90%
VEDL	78 Outperform	₹1.99T	16.51	―	10.00%	8.87%	2.25%
HINDALCO	75 Outperform	₹1.78T	10.37	―	0.63%	13.19%	42.27%
NMDC	75 Outperform	₹653.14B	9.30	―	4.45%	20.05%	15.58%
PIIND	74 Outperform	₹558.73B	34.67	―	0.43%	-0.19%	-7.79%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Hindustan Zinc Limited Corporate Events

Hindustan Zinc Limited Releases Q2 FY26 Earnings Call Transcript

Hindustan Zinc Limited has released the transcript of its earnings call for the second quarter and half year ending September 30, 2025. The call, which was held on October 17, 2025, detailed the company’s financial performance, providing insights into its operational strategies and market positioning. This release is part of the company’s compliance with regulatory requirements and aims to keep stakeholders informed about its financial health and future outlook.

Hindustan Zinc Reports Record Profit in Q2 2025

Hindustan Zinc Limited has released its unaudited financial results for the second quarter and half-year ending September 30, 2025. The company reported a 19% increase in profit after tax, reaching a record high of INR 2,649 crore. This financial performance reflects strong operational efficiency and cost management, positioning Hindustan Zinc favorably in the industry. The results were published in major newspapers and are available on the company’s website, indicating transparency and commitment to keeping stakeholders informed.

Hindustan Zinc Faces GST Penalty, Plans to Appeal

Hindustan Zinc Limited has been issued an order by the Office of the Assistant Commissioner of the Central Goods and Service Tax in Udaipur, demanding a penalty of Rs. 70,45,448 along with a tax demand and applicable interest. This action is due to the disallowance of Input Tax Credit on input services from April 2018 to March 2023. The company plans to appeal the decision, believing that the order will not have a material financial impact on its operations.

Hindustan Zinc Faces Tax Penalty, Plans Appeal

Hindustan Zinc Limited has received an order from the Office of the Commissioner, Central Goods & Service Tax in Udaipur, imposing a penalty of Rs. 73,46,112 along with a tax demand and applicable interest. This action pertains to the reversal of CENVAT credit on cement used as input in mines between July 2016 and June 2017. Despite the penalty, Hindustan Zinc plans to appeal the decision, believing the case has merit and expecting no material financial impact on the company.

Hindustan Zinc Achieves Record Mined Metal Production in FY26

Hindustan Zinc Limited reported its highest ever mined metal production for the second quarter and first half of the fiscal year 2026, with 258 kt and 523 kt respectively. Despite a decline in refined lead and silver production due to operational adjustments, the company maintained stable refined zinc production and increased wind power generation, reflecting its strategic focus on operational efficiency and sustainability.

Hindustan Zinc Transfers Equity Shares to IEPF

Hindustan Zinc Limited has announced the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF), as per regulatory requirements. This move is part of the company’s compliance with SEBI regulations, ensuring transparency and adherence to legal obligations, which may impact shareholder positions and the company’s financial disclosures.