MarketFriction

Hindustan Zinc Ltd

NSE HINDZINC · BSE 500188 · Zinc
₹555.05 -1.93%
NSE close2026-10-01
52 week range453.50 - 733.00
Market cap₹2,38,012 Cr.
P/E14.1
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty Metal No price band Delivery 50.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6,7927,3107,5508,1308,2428,5569,0417,7238,52510,92213,48813,687
Expenses3,6533,7903,8964,1794,1384,0984,2583,9074,0994,9175,8225,693
Operating Profit3,1393,5203,6543,9514,1044,4584,7833,8164,4266,0057,6667,994
OPM %46%48%48%49%50%52%53%49%52%55%57%58%
Other Income231305280277185221230282237319280315
Interest232243262256319285251239259195187132
Depreciation8259049368438759031,0139118819441,053918
Profit before tax2,3132,6782,7363,1293,0953,4913,7492,9483,5235,1856,7067,259
Tax %25%24%25%25%26%24%21%25%25%25%25%25%
Net Profit1,7372,0382,0422,3582,2982,6472,9762,2042,6323,8794,9975,425
EPS in Rs4.114.824.835.585.446.267.045.226.239.1811.8312.84
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales14,18117,27322,08221,11818,56122,62929,44034,09828,93433,96940,65846,622
Expenses7,9237,5349,81210,4489,69110,95713,21416,57715,25316,63018,72920,531
Operating Profit6,2589,73912,27010,6708,87011,67216,22617,52113,68117,33921,92926,091
OPM %44%56%56%51%48%52%55%51%47%51%54%56%
Other Income3,1272,4741,9561,7821,9111,8191,0821,3731,0838701,1021,151
Interest172022461131123862903339551,111880773
Depreciation7451,8111,4831,8832,2792,5312,9173,2643,4663,6343,7893,796
Profit before tax8,62310,20012,49710,4568,39010,57414,10115,29710,34313,46418,36222,673
Tax %5%18%26%24%19%25%32%31%25%24%25%
Net Profit8,1758,3169,2767,9566,8057,9809,63010,5207,78710,27913,71216,933
EPS in Rs19.3519.6821.9518.8316.1118.8922.7924.9018.4324.3332.4540.08
Dividend Payout %144%149%36%106%102%113%79%303%71%119%31%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%12%6%39%
Compounded Profit Growth6%12%9%66%
Stock Price CAGR9%13%22%17%
Return on Equity33%50%69%76%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital845845845845845845845845845845845845
Reserves42,50836,54029,96035,08732,76039,46531,46833,43712,09714,38812,44521,630
Borrowings007,90802,5386117,2012,84411,8818,72210,9648,726
Other Liabilities5,63915,81013,0827,0006,3156,0546,2137,54510,6319,94910,16410,972
Total Liabilities48,99253,19551,79542,93242,45846,97545,72744,67135,45433,90434,41842,173
Fixed Assets9,44610,3859,99311,30214,77816,46916,80817,39617,62018,05518,48819,802
CWIP2,0052,4283,0713,2202,2542,4891,9222,0752,1071,5292,5523,382
Investments27,25435,22123,78320,22219,48820,32912,95715,05210,10710,4529,97114,440
Other Assets10,2885,16114,9488,1885,9387,68814,04010,1485,6203,8683,4074,549
Total Assets48,99253,19551,79542,93242,45846,97545,72744,67135,45433,90434,41842,173
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5,5316,4517,5889,8008,7816,62110,56712,69115,16613,34314,12716,857
Cash from Investing Activity-3,807-3,23612,0072,396-1,092-2,648-2,4358466,525-3,405-2,658-8,760
Cash from Financing Activity-1,902-3,214-11,266-18,612-9,630-2,098-9,697-12,258-23,224-9,946-11,426-7,899
Net Cash Flow-17818,329-6,416-1,9411,875-1,5651,279-1,533-843198
Free Cash Flow3,9204,9185,6017,0775,4403,0038,1409,72311,6969,8559,81411,584
CFO/OP102%132%102%105%106%87%106%93%104%110%101%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1633337794214
Inventory Days
Days Payable
Cash Conversion Cycle1633337794214
Working Capital Days-14-347-375-67-98-56-91-36-148-103-95-75
ROCE %25%20%26%33%28%22%26%37%50%46%61%69%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.92%64.92%64.92%64.92%63.42%63.42%63.42%61.84%61.84%61.84%60.71%60.71%
FIIs0.75%0.69%0.60%0.74%1.01%1.38%1.43%1.36%1.32%1.54%2.39%2.20%
DIIs2.98%2.97%2.98%3.01%3.12%4.12%4.14%4.81%4.92%4.68%4.84%4.96%
Government29.54%29.54%29.54%29.54%29.54%27.92%27.92%27.92%27.92%27.92%27.92%27.92%
Public1.81%1.88%1.97%1.78%2.92%3.16%3.10%4.07%4.00%4.01%4.12%4.21%
No. of Shareholders3,75,8334,01,9854,22,0724,45,9296,24,0256,94,4307,12,8848,19,8837,99,7687,93,8828,97,2579,18,245

Fundamentals

Market Cap₹ 2,38,012 Cr.
Current Price₹ 563
Stock P/E14.1
Book Value₹ 53.2
ROCE69.2 %
ROE76.4 %
Dividend Yield1.95 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)39%
Compounded Profit Growth (TTM)66%
Standalone figures.
Valuation
Market capRs 234,786 Cr
Enterprise valueRs 243,198 Cr
P/E (TTM)13.87x
Price to book10.45x
Price to sales5.04x
EV / EBITDA8.93x
EV / EBIT10.37x
EV / sales5.22x
Price to cash flow13.93x
Earnings yield7.21%
Dividend yield1.80%
P/E, 3-year average16.79x
P/B, 3-year average10.76x
P/E, 5-year average15.15x
P/B, 5-year average9.13x
Profitability
Operating margin (excl. other income)53.94%
Operating margin (incl. other income)56.65%
EBITDA margin58.43%
Pre-tax margin48.63%
Net profit margin36.32%
Net margin, latest quarter39.64%
ROE76.68%
ROCE69.40%
ROA35.81%
ROE, 3-year average68.01%
ROCE, 3-year average58.73%
ROA, 3-year average29.45%
ROE, 5-year average55.50%
ROCE, 5-year average52.84%
ROA, 5-year average27.18%
ROIC (approx.)56.69%
Tax rate25.32%
Other income / net worth4.90%
Growth
Sales growth (latest year)19.69%
Profit growth (latest year)33.40%
Sales CAGR, 3 years6.04%
Sales CAGR, 5 years12.43%
Profit CAGR, 3 years9.23%
Profit CAGR, 5 years11.43%
Sales growth QoQ1.48%
Profit growth QoQ8.57%
Sales growth YoY (latest quarter)77.22%
Profit growth YoY (latest quarter)146.14%
Per share
EPS (TTM)Rs 40.03
EPS (latest year)Rs 32.42
EPS (latest quarter)Rs 12.83
EPS, 3-year averageRs 25.04
EPS, 5-year averageRs 24.56
Book value per shareRs 53.13
Sales per shareRs 110.22
Cash flow per shareRs 39.85
Free cash flow per shareRs 27.39
Dividend per share (latest year)Rs 9.99
Dividend per share, 3-year averageRs 17.31
Dividend per share, 5-year averageRs 29.09
Dividends
Dividend payout30.81%
Dividend payout, 3-year average73.52%
Dividend payout, 5-year average120.55%
Efficiency
Asset turnover0.96x
Fixed asset turnover2.05x
Inventory turnover5.34x
Inventory days68 days
Debtor days4 days
Debtors turnover101.90x
Cash conversion cycle4 days
Working capital days-75 days
Leverage
Total debtRs 8,726 Cr
Cash and bankRs 314 Cr
Net debtRs 8,412 Cr
Debt to equity0.39x
Net debt / EBITDA0.31x
Interest coverage30.33x
Current ratio (filing 2026-03-31)1.47x
Quick ratio (filing 2026-03-31)1.29x
Trade payables (filing 2026-03-31)Rs 3,075 Cr
Owners' fund to total sources53.29%
Debt to assets20.69%
Cash flow
Cash from Operating Activity (latest year)Rs 16,857 Cr
Cash from Investing Activity (latest year)Rs -8,760 Cr
Cash from Financing Activity (latest year)Rs -7,899 Cr
Net Cash Flow (latest year)Rs 198 Cr
Free cash flow (latest year)Rs 11,584 Cr
FCFE (approx.: FCF + change in debt)Rs 9,346 Cr
Cash from ops / profit, 5 years1.39x
Sales to cash flow2.41x
Statement figures
Net sales (TTM)Rs 46,622 Cr
Net sales (latest year)Rs 40,658 Cr
Sales (latest quarter)Rs 13,687 Cr
Operating profit excl. other income (latest year)Rs 21,929 Cr
Operating profit (latest quarter)Rs 7,994 Cr
Other income (TTM)Rs 1,151 Cr
EBITDA (TTM)Rs 27,242 Cr
PBDT (TTM)Rs 26,469 Cr
Profit before tax (TTM)Rs 22,673 Cr
Tax (latest year)Rs 4,650 Cr
Net profit (TTM)Rs 16,933 Cr
Net profit (latest year)Rs 13,712 Cr
Net profit (latest quarter)Rs 5,425 Cr
Depreciation (TTM)Rs 3,796 Cr
Depreciation (latest quarter)Rs 918 Cr
Interest (TTM)Rs 773 Cr
Cost of goods sold (latest year)Rs 10,952 Cr
Total expenditure (latest year)Rs 18,729 Cr
Total income (latest year)Rs 41,760 Cr
Share capitalRs 845 Cr
ReservesRs 21,630 Cr
Shareholders' fundsRs 22,475 Cr
Total assetsRs 42,173 Cr
Net blockRs 19,802 Cr
Capital work in progressRs 3,382 Cr
InvestmentsRs 14,440 Cr
ReceivablesRs 399 Cr
InventoryRs 2,051 Cr
Other liabilitiesRs 10,972 Cr
Shares outstanding (crore)423.00
Ownership
Promoter holding60.71% (-1.13 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.9 is at the 43th percentile of its own 9.4-year range (median 14.9, low 8.3, high 36.4).
P/B 10.45 is at the 73th percentile (median 4.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHINDZINCNifty 50Difference
1 week-5.5%-2.8% -2.7 pts
1 month-7.0%-6.8% -0.2 pts
3 months+3.4%-7.6% +11.1 pts
6 months+10.5%+0.4% +10.1 pts
1 year+18.9%-9.9% +28.8 pts
2 years+10.2%-13.6% +23.7 pts
3 years+79.8%+14.2% +65.7 pts
5 years+81.3%+27.9% +53.4 pts
174 mutual fund schemes hold about ₹4,015 Cr. Over three months 91 bought more and 27 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Arbitrage Fund(M0.66%498 +2%
Tata Value Fund(Div Trig Opt B-10%)Pay3.10%268 +63%
Aditya Birla SL Arbitrage Fund0.92%250 +7%
Bandhan Small Cap Fund0.51%173 +17%
Old Bridge Focused Fund4.32%172 +2%
DSP Natural Res & New Energy Fund6.14%158 +43%
Mahindra Manulife Multi Cap Fund1.98%152 +100%
DSP Natural Res & New Energy Fund6.14%150 +43%
Kotak Multi Asset Allocation Fund0.97%149 +100%
Nippon India Arbitrage Fund0.70%123 +32%
Nippon India Arbitrage Fund(M0.70%119 +32%
ICICI Pru Nifty Next 50 Index Fund1.13%114 +4%
Bandhan Large & Mid Cap Fund0.48%101 +100%
SBI Arbitrage Fund0.21%98 -38%
Kotak Equity Savings Fund(M0.85%90 +7335%
UTI Nifty Next 50 Index Fund1.13%85 +4%
SBI Dividend Yield Fund0.85%73 +7%
HDFC Arbitrage Fund(M0.24%62 +25%
UTI Multi Asset Allocation Fund0.77%55 +5%
Magnum Hybrid Long Short Fund1.34%54 +136%
Baroda BNP Paribas Large Cap Fund1.83%48 +5%
Tata Aggressive Hybrid Fund1.02%42 +17%
Edelweiss Arbitrage Fund0.28%41 -3%
DSP Multi Asset Allocation Fund0.34%38 +45%
Tata Resources & Energy Fund2.54%36 +109%

Red flags

F-score 7 of 8
lookRegulator order or action Regulator order or action 2026-05-01: Hindustan Zinc Limited has informed the Exchange about Action(s) taken or orders passed
lookAuditor change Auditor change 2026-04-24: Hindustan Zinc Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-18SBICAP Trustee Company LimitedAcquirersell51,564,666SAST Others
2020-08-28Vedanta LimitedPromotersother626,192,276Rs 14321.02 CrPledge Creation
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹13,687 Cr +77.2% vs Jun 2025. Net profit ₹5,425 Cr +146.1%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Sizemasters Technology Ltd40011124.2 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-04-30Interim Dividend - Rs 11 Per Share
2025-06-17Interim Dividend - Rs 10 Per Share
2024-08-28Interim Dividend - Rs 19 Per Share
2024-07-23Annual General Meeting
2024-05-15Interim Dividend - Rs 10 Per Share
2023-12-14Interim Dividend - Rs 6 Per Share
2023-08-18Annual General Meeting
2023-07-14Interim Dividend - Rs 7 Per Share
2023-03-29Interim Dividend - Rs 26 Per Share
2023-01-30Interim Dividend - Rs 13 Per Share
2022-11-23Interim Dividend - Rs 15.50 Per Share
2022-08-02Annual General Meeting
2022-07-20Interim Dividend- Rs 21 Per Share
2021-12-14 Interim Dividend - Rs 18 Per Share
2021-08-03 Annual General Meeting
2020-10-27 Interim Dividend - Rs 21.30 Per Share
2020-08-27 Annual General Meeting
2020-05-19 Interim Dividend - Rs 16.5 Per Share
2019-07-24 Annual General Meeting
2018-10-31 Interim Dividend - Rs 20 Per Share
2018-08-23 Annual General Meeting
2018-03-23 Interim Dividend Rs 6/- Per Share 9purpose Revised)
2017-11-01 Interim Dividend - Rs 2/- Per Share
2017-08-10 Annual General Meeting
2017-03-29 Special Interim Dividend Rs 27.50 Per Share (Purpose Revised)
2016-11-04 Interim Dividend - Rs 1.90 Per Share (Record Date Revised)
2016-06-02 Annual General Meeting
2016-04-06 Special Dividend - Rs 24/- Per Share (Purpose Revised)
2015-10-23Interim Dividend Rs.1.90 Per Share And Special Interim Dividend Rs.1.90 Per Share (Purpose Revised)
2015-05-12Dividend Rs 2.50 Per Share
2014-09-22Interim Dividend Rs.1.90 Per Share (Purpose Revised)
2014-05-19Annual General Meeting / Final Dividend - Rs 1.90/- Per Share
2013-10-28Interim Dividend Rs.1.60 Per Share (Purpose Revised)
2013-05-09Annual General Meeting /Final Dividend Rs 1.50 Per Share
2012-10-23Interim Dividend Rs.1.60 Per Share (Purpose Revised)
2012-06-28Annual General Meeting And Dividend Re.0.90 Per Share
2011-10-25Interim Dividend Rs.1.50 Per Share (Purpose Revised)
2011-06-16Dividend-Re.1/- Per Share
2011-03-07Bonus - 1:1 And Face Value Split From Rs. 10 To Rs. 20.1000
2010-07-22Annual General Meeting And Dividend Rs.6/- Per Share
2009-07-29Agm/Dividend-40%
2008-08-12Agm/Dividend - 25%
2007-11-08Interim Dividend-25%
2007-09-12Agm/Dividend-25%
2007-02-08Interim Dividend-25%
DateTypeWhat it says
2026-09-22Concall / analyst meetSchedule of meet and Presentation
2026-09-18General UpdatesGeneral Updates
2026-09-16Shareholder meetingNotice of Postal Ballot
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Press ReleaseA press release dated September 09, 2026, titled "Hindustan Zinc Limited has signed a six-year transportation agreement with MFL India Limited for the...
2026-09-03General UpdatesIntimation under the Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations, 2015 (SEBI Listing Regulatio...
2026-09-03UpdatesIssuance of Letter of Intent in favor of the Preferred Bidder.
2026-08-25Rescission/termination(s)Rescission/termination(s)
2026-08-18Press ReleaseA press release dated August 18, 2026, titled "Hindustan Zinc increases renewable power consumption to 22%; Targets 70% by FY28".
2026-08-15Director changeChange in Director(s) of the company.
2026-08-15Board meeting outcomeOutcome of Board Meeting held on August 15, 2026.
2026-08-14General UpdatesGeneral Updates
2026-08-12Concall / analyst meetSchedule of meet
2026-08-11Credit RatingCredit Rating
2026-08-09Rescission/termination(s)Rescission/termination(s)
2026-08-07Concall / analyst meetSchedule of meet
2026-08-06General UpdatesZINQUEST
2026-07-31CessationCessation of Mr. Arun Misra as CEO and Whole-time Director of the company w.e.f. July 31, 2026.
2026-07-28Concall / analyst meetTranscript
2026-07-24Change in ManagementChange in Management
2026-07-24Investor PresentationInvestor Presentation
2026-07-24Press ReleaseA press release dated July 24, 2026, titled "Hindustan Zinc Limited, the Worlds Largest Integrated Zinc Producer, announcesResults for the First Quart...
2026-07-24General UpdatesGeneral Updates
2026-07-24Director changeChange in Director(s) of the company.
2026-07-24Board meeting outcomeOutcome of Board Meeting held on July 24, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.67
Max pain (expiry 2026-10-27)590
Largest call open interest at600
Largest put open interest at550
Implied volatility, at the money34.0%
Underlying at snapshot555.05
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-295,675
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-27NCLTHarsh Vyas Vs Hindustan Zinc Ltd.
2021-07-08NCLTM/s Damani Shipping Pvt. Ltd. Vs M/s Hindustan Zinc Ltd.
2021-07-06NCLTHarsh Vyas Vs Hindustan Zinc Ltd.
2020-10-08CESTATHINDUSTAN ZINC LTD ---VS.--- UDAIPUR
2020-09-29CESTATHINDUSTAN ZINC LTD ---VS.--- UDAIPUR
2020-09-29CESTATHINDUSTAN ZINC LTD ---VS.--- UDAIPUR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
The Overall encumbered share in the scrip is more than 50 Percent.

Quick answers

What is the market cap of Hindustan Zinc Ltd?

Hindustan Zinc Ltd (HINDZINC) has a market capitalisation of Rs 2,38,012 Cr. at the 2026-10-01 close.

What is the P/E ratio of Hindustan Zinc Ltd?

Hindustan Zinc Ltd trades at a P/E of 14.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hindustan Zinc Ltd's latest quarterly results?

In the Jun 2026 quarter, Hindustan Zinc Ltd sales was Rs 13,687 Cr (+77.2% vs Jun 2025) and net profit was Rs 5,425 Cr.

What is the 52-week high and low of Hindustan Zinc Ltd?

The 52-week high is Rs 733.00 and the 52-week low is Rs 453.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03