Hindustan Zinc Limited (IN:HINDZINC)
:HINDZINC
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Hindustan Zinc Limited
(HINDZINC)
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Rating:78Outperform
Price Target:
₹671.00
▲(6.75% Upside)
Action:ReiteratedDate:04/25/26
The score is driven primarily by strong financial performance (high profitability and solid cash generation with a recent growth rebound). Technicals are supportive with the stock trading above major moving averages, though near-overbought readings add some near-term risk. Valuation is helped by a strong dividend yield, but the provided P/E is not usable, reducing valuation confidence.
Positive Factors
Integrated mining-to-refining model
Owning the full value chain from mine to refinery provides durable cost control, capture of processing margins, and quality consistency. This vertical integration supports resilient supply, ability to tailor product mix (zinc/lead/silver) for domestic and export customers, and long-term operational scale advantages versus asset-light peers.
Negative Factors
Commodity-cycle revenue volatility
Revenue and margin exposure to zinc, lead and silver prices produces recurring earnings volatility, complicating multi-period planning. Structural commodity swings can force swing decisions on capital allocation, dividends or inventories, reducing predictability of returns and raising the risk profile across economic cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated mining-to-refining model
Owning the full value chain from mine to refinery provides durable cost control, capture of processing margins, and quality consistency. This vertical integration supports resilient supply, ability to tailor product mix (zinc/lead/silver) for domestic and export customers, and long-term operational scale advantages versus asset-light peers.
Read all positive factors
Hindustan Zinc Limited (HINDZINC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.56T
Dividend Yield4.64%
Average Volume (3M)423.94K
Price to Earnings (P/E)11.0
Beta (1Y)1.04
Revenue Growth19.84%
EPS Growth33.60%
CountryIN
Employees3,557
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)25.01
Shares Outstanding4,225,319,000
10 Day Avg. Volume510,863
30 Day Avg. Volume423,940
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 Target
₹688.00Price Target Upside9.45% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)41.37
Revenue Forecast (FY)₹475.21B
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 w...
How the Company Makes Money
Hindustan Zinc primarily makes money by selling base metals and precious metals produced from its integrated mining-to-refining operations. Its largest revenue stream is the sale of refined zinc and zinc-based products, typically sold to industria...
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 | 332.84B | 391.92B | 330.41B | 280.82B | 332.72B | 287.90B |
| Gross Profit | 202.97B | 280.96B | 206.82B | 168.69B | 214.03B | 185.68B |
| EBITDA | 184.70B | 231.79B | 181.73B | 146.60B | 188.37B | 172.82B |
| Net Income | 105.64B | 138.32B | 103.53B | 77.59B | 105.11B | 96.29B |
Balance Sheet | ||||||
| Total Assets | 355.95B | 423.70B | 344.90B | 338.95B | 354.67B | 446.70B |
| Cash, Cash Equivalents and Short-Term Investments | 79.90B | 137.37B | 93.00B | 100.20B | 99.09B | 207.89B |
| Total Debt | 111.72B | 88.33B | 115.36B | 91.21B | 121.88B | 31.24B |
| Total Liabilities | 218.98B | 197.41B | 211.64B | 187.00B | 225.35B | 103.89B |
| Stockholders Equity | 136.97B | 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 Technical Analysis
Positive
628.60
Price Trends
573.79
Positive
578.16
Positive
516.41
Positive
Market Momentum
3.55
Negative
61.55
Neutral
87.43
Negative
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 628.6 is above the 20-day moving average (MA) of 536.64, above the 50-day MA of 573.79, and above the 200-day MA of 516.41, indicating a bullish trend. The MACD of 3.55 indicates Negative momentum. The RSI at 61.55 is Neutral, neither overbought nor oversold. The STOCH value of 87.43 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.56T | 11.01 | ― | 4.64% | 19.84% | 33.60% | |
76 Outperform | ₹2.34T | 24.02 | ― | 0.58% | 13.98% | 15.74% | |
75 Outperform | ₹783.00B | 10.41 | ― | 4.05% | 18.56% | 6.55% | |
74 Outperform | ₹462.11B | 39.45 | ― | 0.49% | -12.56% | -14.61% | |
70 Outperform | ₹63.67B | 15.56 | ― | 2.18% | -5.33% | -29.92% | |
65 Neutral | ₹1.15T | 9.55 | ― | 8.78% | -17.85% | 14.22% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:HINDZINC
Hindustan Zinc Limited
605.45
192.94
46.77%
IN:HINDALCO
Hindalco Industries Limited
1,042.60
413.61
65.76%
IN:MOIL
Moil Limited
312.90
-11.30
-3.49%
IN:NMDC
NMDC Limited
89.06
25.97
41.16%
IN:PIIND
PI Industries Limited
3,045.85
-618.22
-16.87%
IN:VEDL
Vedanta Limited
294.80
147.69
100.40%
Hindustan Zinc Limited Corporate Events
Hindustan Zinc Publishes FY26 Audited Results Notices in Leading Dailies
Apr 25, 2026
Hindustan Zinc Limited, a major Indian producer of zinc and related metals listed on BSE and NSE, focuses on supplying industrial customers domestically and internationally. Its financial performance is of interest to investors given the company&#...
Vedanta Confirms No New Encumbrances on Hindustan Zinc Stake in FY26
Apr 10, 2026
Vedanta Limited has informed stock exchanges and Hindustan Zinc’s Audit Risk Management Committee that, in the financial year 2025-26, it did not create any new encumbrances on its shareholding in Hindustan Zinc beyond those already disclos...
Hindustan Zinc, Tata Steel Scale Up Low-Carbon EcoZen Zinc for Greener Steel
Mar 23, 2026
Hindustan Zinc Limited has deepened its long-standing partnership with Tata Steel by expanding the use of EcoZen, its low-carbon zinc product, in sustainable steel manufacturing. Produced using renewable energy, EcoZen has a verified carbon footpr...
ICRA Reaffirms Top Short-Term Credit Rating for Hindustan Zinc’s Rs 5,000 Crore Commercial Paper
Jan 31, 2026
Hindustan Zinc Limited has announced that ICRA Limited has reaffirmed the company’s highest short-term credit rating of [ICRA]A1+ for its Rs 5,000 crore commercial paper programme. The reaffirmation of this top-tier rating underscores the co...
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.