Hindustan Zinc Limited

NSE: HINDZINC · Non - Ferrous Metals · sector

₹497.00NSE close 2026-10-26

Key numbers

Market cap₹2,09,982 cr

Price₹497.00

52w high / low₹733 / ₹454

P/E10.1xSector median 19.2x

P/B7.0xSector median 4.4x

Book value₹70.9

Dividend yield2.01%Sector median 1.30%

ROE95.4%Sector median 26.3%

ROCE78.8%Sector median 25.9%

OPM58.2%Sector median 24.2%

Debt / equity0.21xSector median 0.12x

EV/EBITDA6.4xSector median 18.4x

Interest cover47.3x

Current ratio1.94x

Sales growth 3y+7.1%Sector median +22.4%

Profit growth 3y+9.6%Sector median +70.5%

PEG1.05x

Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 6 companies in Non - Ferrous Metals (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹13,673 cr vs borrowings ₹8,252 cr (FY26): cash is higher (net cash).
Operating profit covered interest 47.3x in the last 12 months.
4.12% of the promoters' shares are pledged (2.5% of all shares).
Promoter holding fell by 1.13 percentage points in a year, to 60.71% (2026-09-30).
Operating cash flow was below net profit in 0 of the last 5 years.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 6% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹497.00 on 2026-10-26: -32.2% from the 52-week high, +9.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹668.25 · low ₹387.45

Quarterly results

₹ cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	8,614	9,087	7,771	8,549	10,980	13,544	13,747	15,093
EBITDA	4,499	4,820	3,859	4,445	6,079	7,706	8,050	9,248
OPM %	52.2%	53.0%	49.7%	52.0%	55.4%	56.9%	58.6%	61.3%
Other income	218	227	279	238	293	280	316	374
Net profit	2,678	3,003	2,234	2,649	3,916	5,033	5,469	6,412
EPS (₹)	6.34	7.11	5.29	6.27	9.27	11.91	12.94	15.18
Revenue YoY					+27.5%	+49.0%	+76.9%	+76.5%
Profit YoY					+46.2%	+67.6%	+144.8%	+142.1%

Consolidated figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	29,440	33,272	28,932	34,083	40,844	53,364
EBITDA	16,091	16,680	13,656	17,305	22,089	31,083
Net profit	9,629	10,511	7,759	10,353	13,832	20,830
EPS (₹)	22.79	24.88	18.36	24.50	32.74	49.30
Revenue growth		+13.0%	-13.0%	+17.8%	+19.8%	+56.9%
Profit growth		+9.2%	-26.2%	+33.4%	+33.6%	+97.2%
Dividend / share (₹)	18.00	75.50	13.00	29.00	10.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+7.1%	+12.5%	+56.9%
Net profit	+9.6%	+11.6%	+97.2%
EPS	+9.6%	+11.6%	–
Share price	–	+2.3% (2y)	+8.5%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	12,932	15,195	13,326	22,629
Borrowings	–	11,881	8,456	10,651	8,252
Cash & equivalents	–	11,262	10,049	9,326	13,673
Total assets	–	35,467	33,895	34,490	42,370
Fixed assets	–	17,530	17,971	18,485	19,846
Capital work in progress	–	2,237	1,696	2,606	3,409
Investments	–	257	578	823	1,114
Receivables	–	380	155	117	399
Inventory	–	1,862	1,926	1,889	2,054
Payables	–	2,395	2,505	2,204	3,073

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	12,691	15,129	13,346	14,160	17,008
Cash from investing	846	6,562	-3,406	-2,706	-8,906
Cash from financing	-12,258	-23,224	-9,946	-11,411	-7,901
Capex	2,998	3,561	3,866	4,006	5,275
Free cash flow	9,693	11,568	9,480	10,154	11,733

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	81.3%	51.1%	77.7%	61.1%
ROCE %	–	63.0%	47.6%	61.1%	62.8%
Debtor days	–	4	2	1	4
Inventory days	–	20	24	20	18
Payable days	–	26	32	24	27
Cash conversion cycle (days)	–	-2	-6	-3	-5
Working capital days	–	-29	23	5	48

Shareholding

Holder	% (2026-09-30)
Promoters	60.71%
FIIs	2.36%
DIIs	4.85%
of which Mutual funds	1.77%
of which Insurance	2.56%
Government	27.92%
Public (non-institutions)	4.15%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	63.42%	63.42%	61.84%	61.84%	61.84%	60.71%	60.71%	60.71%

Promoter group	%
Vedanta Limited	60.71%

Public holders above 1%	%
President of India A/C Hindustan Zinc Ltd	27.92%
Life Insurance Corporation of India	2.24%

8,99,357 shareholders. Pledged: 4.12% of promoter shares.

Peers in Non - Ferrous Metals

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HINDZINC	₹2,09,982 cr	10.1x	7.0x	95.4%	78.8%	58.2%	+7.1%	2.01%
HINDCOPPER	₹39,382 cr	34.7x	11.8x	37.9%	44.4%	47.5%	+22.4%	0.60%
ONIXSOLAR	₹953 cr	17.1x	1.1x	12.0%	8.1%	33.8%	+1,922.3%	–
SIZEMASTER	₹379 cr	94.4x	20.9x	25.6%	27.9%	14.6%	+275.4%	–
BHAGYANGR	₹225 cr	3.6x	0.9x	27.0%	23.8%	4.9%	+8.8%	–
MSCTC	₹175 cr	21.2x	1.9x	7.0%	5.5%	5.2%	–	–

All 6 companies in Non - Ferrous Metals →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Zinc, Lead and others	₹29,216 cr	74.5%	₹10,127 cr	34.7%
Silver metal	₹9,841 cr	25.1%	₹8,377 cr	85.1%
Wind energy	₹135 cr	0.3%	₹61 cr	45.2%

Dividends & corporate actions

Ex-date	Action	Detail
2026-04-30	Dividend	Interim Dividend - Rs 11 Per Share
2025-06-17	Dividend	Interim Dividend - Rs 10 Per Share
2024-08-28	Dividend	Interim Dividend - Rs 19 Per Share
2024-07-23	Other	Annual General Meeting
2024-05-15	Dividend	Interim Dividend - Rs 10 Per Share
2023-12-14	Dividend	Interim Dividend - Rs 6 Per Share
2023-08-18	Other	Annual General Meeting
2023-07-14	Dividend	Interim Dividend - Rs 7 Per Share
2023-03-29	Dividend	Interim Dividend - Rs 26 Per Share
2023-01-30	Dividend	Interim Dividend - Rs 13 Per Share
2022-11-23	Dividend	Interim Dividend - Rs 15.50 Per Share
2022-08-02	Other	Annual General Meeting
2022-07-20	Dividend	Interim Dividend- Rs 21 Per Share
2021-12-14	Dividend	Interim Dividend - Rs 18 Per Share
2021-08-03	Other	Annual General Meeting
2020-10-27	Dividend	Interim Dividend - Rs 21.30 Per Share
2020-08-27	Other	Annual General Meeting
2020-05-19	Dividend	Interim Dividend - Rs 16.5 Per Share
2019-07-24	Other	Annual General Meeting
2018-10-31	Dividend	Interim Dividend - Rs 20 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Metal & Metal products


Sector	Commodities
Industry	Non - Ferrous Metals
Sub-industry	Zinc
Symbol	HINDZINC
BSE code	500188
ISIN	INE267A01025
Face value	₹2.0
Incorporated	1966-01-10
Website	www.hzlindia.com
Plants (India / abroad)	17 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.