Hindustan Zinc Limited (IN:HINDZINC)
:HINDZINC
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Hindustan Zinc Limited
(HINDZINC)
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Rating:76Outperform
Price Target:
₹637.00
▲(1.34% Upside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by strong financial performance (healthy growth, high margins, and solid free cash flow). Technicals are mixed with recent softness versus the 20-day trend despite longer-term strength, while valuation is supported by a strong dividend yield but offset by a mid-to-high P/E.
Positive Factors
Integrated value chain
Hindustan Zinc's end-to-end operations—from exploration through smelting—support control over feedstock, recoveries and conversion margins. This vertical integration reduces reliance on third-party concentrate purchases, preserves margin capture across cycles and improves long-term operational resilience.
Negative Factors
Commodity price sensitivity
Revenue and margins remain materially exposed to zinc, lead and silver price moves plus treatment/recovery economics. Even with operational strength, adverse commodity shifts or rising input costs can compress earnings and cash flow over several months, limiting predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated value chain
Hindustan Zinc's end-to-end operations—from exploration through smelting—support control over feedstock, recoveries and conversion margins. This vertical integration reduces reliance on third-party concentrate purchases, preserves margin capture across cycles and improves long-term operational resilience.
Read all positive factors
Hindustan Zinc Limited (HINDZINC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.36T
Dividend Yield4.64%
Average Volume (3M)423.94K
Price to Earnings (P/E)16.5
Beta (1Y)1.07
Revenue Growth8.90%
EPS Growth20.90%
CountryIN
Employees3,557
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)9.27
Shares Outstanding4,225,319,000
10 Day Avg. Volume510,863
30 Day Avg. Volume423,940
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)14.40
Price to Sales (P/S)5.81
P/FCF Ratio18.90
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)40.93
Revenue Forecast (FY)₹460.71B
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 makes money mainly by producing and selling metals and related by-products derived from its mining and smelting operations. The core revenue stream comes from sales of refined zinc, which is used largely for galvanizing steel and ot...
Hindustan Zinc Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 332.84B | 330.41B | 280.82B | 332.72B | 287.90B | 220.71B |
| Gross Profit | 202.97B | 206.82B | 168.69B | 214.03B | 185.68B | 133.99B |
| EBITDA | 184.70B | 181.73B | 146.60B | 188.37B | 172.82B | 134.56B |
| Net Income | 105.64B | 103.53B | 77.59B | 105.11B | 96.29B | 79.80B |
Balance Sheet | ||||||
| Total Assets | 355.95B | 344.90B | 338.95B | 354.67B | 446.70B | 457.27B |
| Cash, Cash Equivalents and Short-Term Investments | 79.90B | 93.00B | 100.20B | 99.09B | 207.89B | 179.58B |
| Total Debt | 111.72B | 115.36B | 91.21B | 121.88B | 31.24B | 72.01B |
| Total Liabilities | 218.98B | 211.64B | 187.00B | 225.35B | 103.89B | 134.14B |
| Stockholders Equity | 136.97B | 133.26B | 151.95B | 129.32B | 342.81B | 323.13B |
Cash Flow | ||||||
| Free Cash Flow | 30.83B | 101.54B | 94.80B | 115.68B | 96.93B | 80.86B |
| Operating Cash Flow | 55.80B | 141.60B | 133.46B | 151.29B | 126.91B | 105.67B |
| Investing Cash Flow | -7.75B | -27.06B | -34.06B | 65.62B | 8.46B | -24.35B |
| Financing Cash Flow | -48.10B | -114.11B | -99.46B | -232.24B | -122.58B | -96.97B |
Hindustan Zinc Limited Technical Analysis
Positive
628.60
Price Trends
582.82
Negative
574.30
Negative
513.57
Positive
Market Momentum
-8.96
Negative
54.42
Neutral
90.77
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 533.05, above the 50-day MA of 582.82, and above the 200-day MA of 513.57, indicating a neutral trend. The MACD of -8.96 indicates Negative momentum. The RSI at 54.42 is Neutral, neither overbought nor oversold. The STOCH value of 90.77 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 | ₹2.91T | 10.33 | ― | 8.78% | 8.87% | 2.25% | |
76 Outperform | ₹2.36T | 16.52 | ― | 4.64% | 8.90% | 20.90% | |
75 Outperform | ₹2.23T | 24.02 | ― | 0.58% | 13.19% | 42.27% | |
75 Outperform | ₹748.01B | 10.41 | ― | 4.05% | 20.05% | 15.58% | |
74 Outperform | ₹447.96B | 39.45 | ― | 0.49% | -5.90% | -14.80% | |
67 Neutral | ₹62.20B | 35.43 | ― | 2.18% | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
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Hindustan Zinc Limited Corporate Events
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...
Hindustan Zinc to Raise Up to ₹1,400 Crore via Listed NCDs on Private Placement
Jan 23, 2026
Hindustan Zinc Limited’s board committee has approved the issuance of unsecured, redeemable, rated, listed non-convertible debentures aggregating up to ₹1,400 crore, split into two separately transferable and redeemable principal parts...
Hindustan Zinc to Raise Up to ₹1,400 Crore via Listed NCD Issue
Jan 23, 2026
Hindustan Zinc Limited’s committee of directors has approved the issuance of unsecured, redeemable, rated, listed non-convertible debentures (NCDs) aggregating up to ₹1,400 crore, to be raised on a private placement basis. The issue wi...
Hindustan Zinc Board Clears Q3 and Nine-Month FY26 Unaudited Results with Clean Review
Jan 19, 2026
Hindustan Zinc Limited’s board has approved the company’s unaudited standalone and consolidated financial results for the third quarter and nine months ended 31 December 2025 at its meeting held on 19 January 2026. The results, which c...
Hindustan Zinc Delivers Record Profit as Output, Margins and Shareholder Returns Surge
Jan 19, 2026
Hindustan Zinc Limited reported record operational and financial performance for the third quarter and nine months ended 31 December 2025, highlighted by its highest-ever quarterly profit after tax of ₹3,916 crore, driven by record revenue o...
Hindustan Zinc Publishes Investor Presentation on Q3 FY26 Financial Results
Jan 19, 2026
Hindustan Zinc Limited has released an investor presentation summarizing its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025. The presentation, filed with the stock exchanges un...
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.