HINDZINCMetals & Mining

Hindustan Zinc Limited

Zinc · ISIN INE267A01025 · BSE 500188 · NSE EQ · FV ₹2
Last price
₹572
+0.85%today
What this company does

Hindustan Zinc Limited operates in Zinc, part of the Metals & Mining sector. It booked ₹13,747 cr of revenue in its latest quarter (Q1 FY27) and kept 39.8% of sales as profit. It is the 4th largest of 9 Metals & Mining companies we track, by market value.

71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 7–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns100

How much profit it earns on the money it employs · highest in its sector on what we could measure

Balance sheet64

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency51

Whether sales and profit have grown, and how steadily

Valuation45

What today's price implies, against our models or its peers

Governance & risk69

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 40% net margin
Sales up 77% vs last year
Profit up 145% vs last year
Promoters hold 61%
Strong 97% return on equity
Turns profit into real cash
Watch-outs
! 8.1% of promoter stake pledged

What if I invest in HINDZINC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 3% a year, it would become
₹13.98 lakh

The slider starts at 3%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹572 +0.85%
latest close · 2026-09-17
1-year return
+81.5%
52-wk low ₹24552-wk high ₹632
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.1Low
LowAverageHigh
P/B ratio10.69High
Below bookModerateHigh
EV / EBITDA7.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity96.7%Strong
WeakFairStrong ▸15%
Return on capital95.8%Strong
WeakFairStrong
Net margin39.8%Strong
ThinDecentStrong
EBITDA margin60.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.36Comfortable
LowModerateHigh ▸1
Interest cover56.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.47Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2.42 L cr
Book value
₹54
EPS
₹12.94
latest quarter
Net debt
₹7,955 cr
owes more than its cash
Enterprise value
₹2.50 L cr
EBITDA
₹33,464 cr
annualised
EBIT
₹29,784 cr
annualised
Operating margin
54.2%
Return on assets
51.6%
Earnings yield
9.04%
P/S
4.40
Sales / share
₹130.1
Tax rate
25.2%
Face value
₹2
Shares
422.5 cr
Working capital
₹5,326 cr
Current assets
₹16,600 cr
Current liabilities
₹11,274 cr
Delivery %
43.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹373 vs market price ₹572 — price is 53% above it
Safety cushion-53.5%(target ≥ +20%)
Models span ₹292₹454, midpoint ₹373
Model ₹373
Price ₹572
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹13,747 cr
Other Income₹316 cr
Total Income₹14,063 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-56 cr
Employee Benefit Expense₹204 cr
Finance Costs₹132 cr
Depreciation & Amortisation₹920 cr
Other Expenses₹5,549 cr
Total Expenses₹6,749 cr
Profit before Tax₹7,314 cr
Tax Expense₹1,845 cr
Net Profit₹5,469 cr
Net margin on total income38.9%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹204 cr1.5%
Finance costs₹132 cr0.9%
Depreciation & amortisation₹920 cr6.5%
Other expenses₹5,493 cr39.1%
Tax expense₹1,845 cr13.1%
Profit for the period₹5,469 cr38.9%
Total income ₹14,063 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue10,980 cr13,544 cr13,747 cr
Total income11,273 cr13,824 cr14,063 cr
Expenses6,068 cr7,073 cr6,749 cr
Profit before tax5,230 cr6,751 cr7,314 cr
Tax1,314 cr1,718 cr1,845 cr
Net profit (owners' share)3,916 cr5,033 cr5,469 cr
Net margin (owners' share, on revenue)35.7%37.2%39.8%
EPS (₹)9.2711.9112.94
YoY (latest quarter): total income +74.7% · net profit +144.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹42,370 cr
Shareholder equity
₹22,629 cr
parent shareholders
Total debt
₹8,252 cr
Cash
₹297 cr
Cash flow · H1 FY26
Operating
₹5,580 cr
Investing
₹-775 cr
Financing
₹-4,810 cr
Peer comparison
Metals & Mining · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Enterprises Limited₹2,923₹3.80 L cr
JSW Steel Limited₹1,253₹3.06 L cr16.4
Vedanta Limited₹257₹2.56 L cr8.1
Hindustan Zinc Limitedthis company₹572₹2.42 L cr11.1
Tata Steel Limited₹187₹2.34 L cr25.2
Hindalco Industries Limited₹981₹2.18 L cr7.8
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Lloyds Metals And Energy Limited₹1,799₹1.01 L cr14.7
Steel Authority of India Limited₹175₹72,288 cr11.0
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.92%
trailing 12 months
Dividend / share (TTM)
₹11
Last dividend
₹11
ex 30 Apr 2026
ActionDetailEx-date
Dividend₹11 / share30 Apr 2026
Dividend₹10 / share17 Jun 2025
Dividend₹19 / share28 Aug 2024
Dividend₹10 / share15 May 2024
Dividend₹6 / share14 Dec 2023
Dividend₹7 / share14 Jul 2023
Who owns it · 2026-06-30
8.1% pledged
Promoter
60.7%
FII / Foreign
2.2%
DII / Domestic
5.0%
Retail / others
32.1%
Promoter stake down 4.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldVedanta Limited · Promoters62.62 cr · ₹14321.0 cr28 Aug 20
Bulk / block deals
short · NSE158 Sep 26
short · NSE104 Sep 26
short · NSE528 Aug 26
Stake changes
SoldSBICAP Trustee Company Ltd→ 52.54% · 5.16 cr22 Jul 26
BoughtIDBI Trusteeship Services Limited (in its capacity as Security Trustee) i.e encumbrance without pledge→ 50.10% · 211.69 cr30 Jun 26
SoldVictory XII Pte. Ltd., as the Agent for the finance parties→ 0.00% · 211.69 cr17 Jun 26
Promoter pledges
PledgedIDBI Trusteeship Services Limited (as the Security Trustee)211.69 cr · 55.04% held30 Jun 26
ReleasedAxis Trustee Services Limited211.69 cr · 55.83% held14 May 26
ReleasedAxis Trustee Services Limited211.69 cr · 55.83% held14 May 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Dec 2025
See the official result
1
To consider and approve the appointment of Mr. Thomas Mathew T (DIN: 00130282) as a Non-Executive Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
142.06 cr votes for, 5.32 L against · 0% of mutual funds and other big investors said no
2
To consider and approve the appointment of Mr. Ashim Kumar Modi (DIN: 11342680), as a Government Nominee Director (Non-Executive) on the Board of the Company.
Backed by 96% of shareholders other than promotersneeded 50%
135.87 cr votes for, 6.09 cr against · 26% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 60.7% between them · as of 2026-06-30
VEDANTA LIMITED60.71%
Business done with them
FY2026 · 1 of the group
The company paid ₹3,979 cr to companies in the promoter group last year — about 9.7% of its ₹40,844 cr revenue and received ₹1 cr back from them.
VEDANTA LIMITED
Other payments to them · Sale of other services; Sale of property, plant and equipment; Purchase of Goods; Purchase of tax-free PSU Bonds; Dividend paid; Other Expenses and other reimbursements
also owns 60.71% of the company
₹2,795 cr
company paid
VEDANTA LIMITED
Paid them for services · Sale of other services; Sale of property, plant and equipment; Purchase of Goods; Purchase of tax-free PSU Bonds; Dividend paid; Other Expenses and other reimbursements
also owns 60.71% of the company
₹1,171 cr
company paid
VEDANTA LIMITED
Bought goods from them · Sale of other services; Sale of property, plant and equipment; Purchase of Goods; Purchase of tax-free PSU Bonds; Dividend paid; Other Expenses and other reimbursements
also owns 60.71% of the company
₹13 cr
company paid
VEDANTA LIMITED
Sold property or assets to them · Sale of other services; Sale of property, plant and equipment; Purchase of Goods; Purchase of tax-free PSU Bonds; Dividend paid; Other Expenses and other reimbursements
also owns 60.71% of the company
₹1 cr
company received

The company also transacted with 20 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.