Hindustan Zinc (HINDZINC) had a P/E of 11.5× on 6 Nov 2026, in line with the industry P/E of 11.5×, and the shares are 22% below their 52-week high. Sales and net profit grew 5.6% and 9.6% a year over 3 years, with ROCE of 62% and ROE of 95%. Debt is 0.22× equity, and its dividend yield is 1.9%. It is a large-cap company with a market cap of ₹2.4 lakh crore, the largest of 22 Other Industrial Metals & Mining companies by market cap; the shares rose 21% over the past year.
- ₹561.75
- ₹569.00
- ₹553.80
- ₹570.75
- 26.5 L
Health check
- ReturnsAhead
+20.6% over a year, better than 7 of 7 peers.
- Price tagIn line
P/E 11.5 vs industry 11.5.
- GrowthSlow
Sales +5.6%, profit +9.6% a year over 3 years.
- ProfitabilityStrong
ROCE 62.0% vs peer median 20.7%.
- Balance sheetSolid
Debt 0.22× equity, interest covered 25.3×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹2.4L Cr
- Large cap
- P/E
- 11.5
- Industry 11.5
- Price to book
- 8.01
- Peers 2.21
- Dividend yield
- 1.94%
- ROE
- 95.4%
- Peers 27.8%
- ROCE
- 62.0%
- Peers 20.7%
- Debt to equity
- 0.22
- Debt ₹6,655 Cr
- EPS (TTM)
- ₹49.30
- Face value ₹2
- OPM (TTM)
- 53.4%
- Net margin 40.7%
- Sales growth
- +76.1%
- Latest quarter vs a year ago
- Profit growth
- +142.1%
- Latest quarter vs a year ago
- Price to sales
- 4.69
- EV/EBITDA 7.4
Strengths and risks
Strengths
- Return on equity of 95.4%.
- Return on capital employed of 62.0%.
- Quarterly profit up 142.1% on a year ago.
- Quarterly sales up 76.1% on a year ago.
- Net margin of 40.7%.
About Hindustan Zinc
Hindustan Zinc Limited explores for, extracts, and processes minerals in India, rest of Asia, and internationally. The company operates through two segments, Zinc, Lead, Silver & Others; and Wind Energy. The company produces refined zinc and lead, precious metals, and silver; sulphuric acid; rock-phosphate; and metals and related alloys. It also operates captive thermal with a capacity of 550.00 megawatt, wind power plant with a capacity of 273.50…
- Headquarters
- Udaipur
- Employees
- 3,303
- Sector
- Basic Materials
- ISIN
- INE267A01025
- Website
- hzlindia.com
Price range
- Avg volume (3M)
- 48.8 L
- 1-year return
- plus 20.6%
- From 52-week high
- minus 22.5%
Analyst consensus
Peers · Other Industrial Metals & Mining
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDZINCHindustan Zinc | 568.10 | minus 0.46% | 2,40,040 | 11.5 | 10.6 | 62.0% | 53.4% | 0.22 | 5.6% | plus 20.6% |
| VEDLVedanta | 261.75 | minus 0.78% | 1,02,208 | 9.2 | 4.0 | 21.3% | 28.7% | 1.34 | −19.2% | minus 48.1% |
| CMPDICentral Mine Planning & Design Institute | 177.28 | minus 3.82% | 12,653 | 18.8 | 14.4 | 34.6% | 34.2% | 0.00 | 18.7% | plus 15.1% |
| VOGLVedanta Oil and Gas | 30.74 | minus 2.26% | 12,001 | 18.0 | – | 4.1% | 7.3% | 0.15 | 161.8% | minus 14.8% |
| JAINRECJain Resource Recycling | 286.50 | plus 2.23% | 9,887 | 27.8 | 19.4 | 35.5% | 4.5% | 0.82 | 45.4% | minus 25.7% |
| IMFAIndian Metals & Ferro Alloys | 1,106.50 | minus 2.22% | 5,970 | 10.4 | 10.2 | 18.5% | 23.8% | 0.35 | 1.9% | minus 8.0% |
| MOILMOIL | 215.71 | minus 1.41% | 4,389 | 14.9 | 8.7 | – | 20.0% | – | 3.2% | minus 39.9% |
| ASHAPURMINAshapura Minechem | 416.30 | minus 3.90% | 3,977 | 9.8 | 9.1 | 20.1% | 7.6% | 0.88 | 42.4% | minus 34.9% |
| Median of 7 peers | – | −2.22% | 9,887 | 14.9 | 9.7 | 20.7% | 20.0% | 0.59 | 18.7% | −25.7% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 7,591 | 10,627 | 12,692 | 13,033 | 14,582 | |
| 4,645 | 5,520 | 6,034 | 5,903 | 6,296 | |
| 2,946 | 5,107 | 6,658 | 7,130 | 8,286 | |
| 38.8% | 48.1% | 52.5% | 54.7% | 56.8% | |
| 279 | 293 | 280 | 316 | 374 | |
| 240 | 195 | 187 | 132 | 88 | |
| – | 25 | – | – | – | |
| 2,985 | 5,230 | 6,751 | 7,314 | 8,572 | |
| 25.2% | 25.1% | 25.4% | 25.2% | 25.2% | |
| 2,234 | 3,916 | 5,033 | 5,469 | 6,412 | |
| 5.29 | 9.27 | 11.91 | 12.94 | 15.18 |
Profit & loss
- Sales CAGR 3Y
- +5.6%
- Profit CAGR 3Y
- +9.6%
- EPS CAGR 3Y
- +9.6%
- ROE
- 95.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 33,272 | 28,082 | 33,041 | 39,192 | |
| – | minus 15.6% | +17.7% | +18.6% | |
| 15,584 | 14,227 | 15,407 | 16,907 | |
| 17,688 | 13,855 | 17,634 | 22,285 | |
| 53.2% | 49.3% | 53.4% | 56.9% | |
| 1,142 | 724 | 630 | 745 | |
| 285 | 885 | 980 | 762 | |
| 3,264 | 3,468 | 3,640 | 3,790 | |
| 7 | 81 | −91 | 30 | |
| 15,288 | 10,307 | 13,553 | 18,508 | |
| 31.2% | 24.7% | 23.6% | 25.3% | |
| 10,511 | 7,759 | 10,353 | 13,832 | |
| – | minus 26.2% | +33.4% | +33.6% | |
| 24.88 | 18.36 | 24.50 | 32.74 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 845 | 845 | 845 | 845 | |
| 12,087 | 14,350 | 12,481 | 21,784 | |
| 12,188 | 9,121 | 11,536 | 8,833 | |
| 10,347 | 9,579 | 9,628 | 10,908 | |
| 35,467 | 33,895 | 34,490 | 42,370 | |
| 19,946 | 20,091 | 21,397 | 24,069 | |
| 2,416 | 2,120 | 2,912 | 4,223 | |
| 262 | 583 | 829 | 1,120 | |
| 9,909 | 10,020 | 9,300 | 13,651 | |
| 2,934 | 1,081 | 52 | −693 | |
| 35,467 | 33,895 | 34,490 | 42,370 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15,162 | 13,346 | 14,160 | 17,008 | |
| 6,529 | −3,406 | −2,706 | −8,906 | |
| −23,224 | −9,946 | −11,411 | −7,901 | |
| −1,533 | −6 | 43 | 201 | |
| −3,594 | −3,866 | −4,006 | −5,275 | |
| 11,568 | 9,480 | 10,154 | 11,733 | |
| −31,901 | −5,493 | −12,253 | −4,225 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 5.0% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.