| Quarterly Financials | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 6,365 | 7,020 | 6,727 | 6,269 | 8,120 | 8,890 | 9,546 | 8,494 | 7,976 | 8,635 | 7,393 | 6,842 | 7,363 | 7,558 | 8,161 | 8,274 | 8,533 | 9,056 | 7,870 | 8,520 |
| Expenses | 2,764 | 3,072 | 3,107 | 2,787 | 3,620 | 3,835 | 4,250 | 3,929 | 4,159 | 4,254 | 3,935 | 3,652 | 3,789 | 3,900 | 4,184 | 4,212 | 4,115 | 4,267 | 3,912 | 4,104 |
| EBITDA | 3,601 | 3,948 | 3,620 | 3,482 | 4,500 | 5,055 | 5,296 | 4,565 | 3,817 | 4,381 | 3,458 | 3,190 | 3,574 | 3,658 | 3,977 | 4,062 | 4,418 | 4,789 | 3,958 | 4,416 |
| Operating Profit % | 53 % | 54 % | 51 % | 53 % | 54 % | 55 % | 54 % | 52 % | 45 % | 49 % | 45 % | 45 % | 46 % | 46 % | 47 % | 47 % | 51 % | 52 % | 48 % | 50 % |
| Depreciation | 639 | 696 | 658 | 702 | 741 | 816 | 731 | 798 | 807 | 928 | 801 | 825 | 905 | 937 | 844 | 877 | 905 | 1,014 | 913 | 882 |
| Interest | 135 | 131 | 92 | 82 | 50 | 66 | 44 | 51 | 62 | 176 | 218 | 232 | 243 | 262 | 256 | 303 | 285 | 251 | 240 | 259 |
| Profit Before Tax | 2,945 | 3,343 | 3,023 | 2,862 | 3,858 | 4,357 | 4,672 | 3,925 | 3,186 | 3,505 | 2,610 | 2,305 | 2,669 | 2,723 | 3,114 | 3,130 | 3,527 | 3,782 | 2,985 | 3,542 |
| Tax | 745 | 862 | 1,040 | 845 | 1,157 | 1,429 | 1,580 | 1,245 | 1,030 | 922 | 646 | 576 | 641 | 685 | 769 | 803 | 849 | 779 | 751 | 893 |
| Net Profit | 2,200 | 2,481 | 1,983 | 2,017 | 2,701 | 2,928 | 3,092 | 2,680 | 2,156 | 2,583 | 1,964 | 1,729 | 2,028 | 2,038 | 2,345 | 2,327 | 2,678 | 3,003 | 2,234 | 2,649 |
| EPS in ₹ | 5.21 | 5.87 | 4.69 | 4.77 | 6.39 | 6.93 | 7.32 | 6.34 | 5.10 | 6.11 | 4.65 | 4.09 | 4.80 | 4.82 | 5.55 | 5.51 | 6.34 | 7.11 | 5.29 | 6.27 |
Hindustan Zinc
Hindustan Zinc
474.50
+7.30
(1.56%)
There are 2 new updates from the company1 day ago
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Key Fundamentals
Market Cap
1,97,406.90 Cr
EPS
24.50
PE Ratio
18.69
Dividend Yield
6.21 %
Industry
Metals & Mining 52 Week High
546.80
52 Week Low
378.15
PB Ratio
14.82
Debt to Equity
0.69
Sector
Zinc Analyst Rating and Forecast
- By Refinitiv from11 analysts
Actual
Company News
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Hindustan Zinc Limited secured the first position in the Metals and Mining sector for the third consecutive year in the S&P Global Corporate Sustainability Assessment (CSA) 2025. The company achieved an industry-leading score of 90 points among 235 participating companies worldwide, marking its highest CSA score in the past five years. This represents an improvement from last year's score of 86. The company excelled in key parameters including Climate Strategy, community relations, and waste pollutants. Hindustan Zinc is the world's largest integrated zinc producer and among the top five global silver producers. The company has integrated circular economy principles, achieving more than 30% of total water usage through recycled sources. With a 530MW Power Delivery Agreement, the company plans to source 70% of its electricity from renewable sources by FY2028. The company's sustainability initiatives have benefited over 2.3 million lives in FY2025 through various social programs.
Hindustan Zinc Limited received a penalty order of Rs 1,08,04,533 along with tax demand and applicable interest from the Commissioner, Central Goods Service Tax-Udaipur. The penalty relates to availment of Cenvat credit on invoices issued during March 2011 to April 2011. The company received Order No 16/CE/UDR/2025-26 dated October 30, 2025 on October 31, 2025. Hindustan Zinc plans to file an appeal before the Appellate Authority within the prescribed time limit under Excise Law. The company expects a favorable outcome and does not anticipate any material financial impact from this order.
Hindustan Zinc Forecasts Silver Prices to Hit $50-55 Per Ounce, Reports Strong Quarterly Results
Oct 20, 2025
Oct 20, 2025Hindustan Zinc expects silver prices to reach $50-55 per ounce by early next year, supported by strong demand and increased industrial usage in renewables and electronics. The company reported net sales of ₹8,549 crore for the quarter ended September 2025, up 3.5% year-on-year, with profit rising 13.8% to ₹2,649 crore. Operating margins expanded nearly 200 basis points to 52%, with EBITDA at ₹4,445 crore. The company's saleable silver output is expected to be around 680 tonnes in FY26, lower than earlier projections of 700-710 tonnes. CEO Arun Misra stated they produced 293 tonnes in the first half and expect over 380 tonnes in the second half. The company is currently hedging at $37 per ounce while silver has surged past $41-42 per ounce. Cost of production is expected to decline towards $950 per tonne from $990, aided by operating leverage and increased renewable energy usage rising to 25% by year-end from 19%. The proposed demerger of the silver business remains on track. Zinc prices are expected to move towards $3,000-3,100 per tonne on steady demand.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
474.50 | #1 1,97,406.90 | #1 18.69 | #1 35,066.00 | #2 16.86 | #1 10,353 | #2 13.84 | 47.57 | |
133.00 | 136.40 | 49.42 | 17.50 | #1 33.59 | 2 | #1 100.00 | 45.73 |
Growth Rate
Revenue Growth
16.86 %
Net Income Growth
33.43 %
Cash Flow Change
6.10 %
ROE
52.15 %
ROCE
28.74 %
EBITDA Margin (Avg.)
6.72 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 45,727 | 44,670 | 35,467 | 33,895 | 34,490 |
| Fixed Assets | 16,808 | 17,396 | 17,622 | 18,151 | 18,608 |
| Current Assets | 24,568 | 23,982 | 14,804 | 12,625 | 11,626 |
| Capital Work in Progress | 1,922 | 2,075 | 2,237 | 1,696 | 2,606 |
| Investments | 12,957 | 15,052 | 10,107 | 10,452 | 9,972 |
| Other Assets | 14,040 | 10,147 | 5,501 | 3,596 | 3,304 |
| Total Liabilities | 45,727 | 44,670 | 35,467 | 33,895 | 34,490 |
| Current Liabilities | 7,876 | 6,094 | 17,453 | 10,841 | 11,199 |
| Non Current Liabilities | 5,538 | 4,295 | 5,082 | 7,859 | 9,965 |
| Total Equity | 32,313 | 34,281 | 12,932 | 15,195 | 13,326 |
| Reserve & Surplus | 31,468 | 33,436 | 12,087 | 14,350 | 12,481 |
| Share Capital | 845 | 845 | 845 | 845 | 845 |
Cash Flow
| Cash Flow | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -1,565 | 1,279 | -1,533 | -6 | 43 |
| Investing Activities | -2,435 | 846 | 6,529 | -3,406 | -2,706 |
| Operating Activities | 10,567 | 12,691 | 15,162 | 13,346 | 14,160 |
| Financing Activities | -9,697 | -12,258 | -23,224 | -9,946 | -11,411 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 64.92 % | 63.42 % | 63.42 % | 63.42 % | 61.84 % | 61.84 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.75 % | 0.69 % | 0.60 % | 0.75 % | 1.01 % | 1.39 % | 1.42 % | 1.36 % | 1.31 % |
| DIIs | 2.44 % | 2.52 % | 0.23 % | 0.22 % | 0.25 % | 0.23 % | 2.95 % | 3.03 % | 2.94 % | 2.95 % | 2.98 % | 2.96 % | 2.98 % | 3.02 % | 3.12 % | 4.12 % | 4.14 % | 4.82 % | 4.92 % |
| Government | 29.59 % | 29.58 % | 29.58 % | 29.58 % | 29.58 % | 29.58 % | 29.54 % | 29.54 % | 29.54 % | 29.54 % | 29.54 % | 29.54 % | 29.54 % | 29.54 % | 29.54 % | 27.92 % | 27.92 % | 27.92 % | 27.92 % |
| Public / Retail | 1.28 % | 1.39 % | 1.37 % | 1.39 % | 1.44 % | 1.45 % | 1.53 % | 1.41 % | 1.55 % | 1.54 % | 1.57 % | 1.65 % | 1.73 % | 1.55 % | 2.40 % | 2.59 % | 2.57 % | 3.35 % | 3.28 % |
| Others | 1.76 % | 1.59 % | 3.90 % | 3.90 % | 3.81 % | 3.83 % | 1.06 % | 1.11 % | 1.04 % | 1.04 % | 0.24 % | 0.23 % | 0.24 % | 0.23 % | 0.52 % | 0.56 % | 0.54 % | 0.72 % | 0.73 % |
| No of Share Holders | 1,76,265 | 2,12,428 | 2,14,626 | 2,55,957 | 2,65,578 | 2,72,235 | 3,03,389 | 2,86,158 | 3,21,016 | 3,42,539 | 3,75,833 | 4,01,985 | 4,22,072 | 4,45,929 | 6,24,025 | 6,94,430 | 7,12,884 | 8,19,883 | 7,99,768 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 29.4 | 8 | 20 | 16.5 | 21.3 | 18 | 75.5 | 13 | 29 |
| Dividend Yield (%) | 0.00 | 9.78 | 2.89 | 12.87 | 6.05 | 6.87 | 6.02 | 25.83 | 2.81 | 6.21 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 15 Dec 2021 |  Dividend | ₹ 18.00 /share | 14 Dec 2021 | 349.00 | 338.60 |
| 21 Jul 2022 | Dividend | ₹ 21.00 /share | 20 Jul 2022 | 267.75 | 278.85 |
| 24 Nov 2022 | Dividend | ₹ 15.50 /share | 23 Nov 2022 | 314.30 | 301.05 |
| 30 Jan 2023 | Dividend | ₹ 13.00 /share | 30 Jan 2023 | 361.35 | 346.35 |
| 29 Mar 2023 | Dividend | ₹ 26.00 /share | 29 Mar 2023 | 310.65 | 328.70 |
| 15 Jul 2023 | Dividend | ₹ 7.00 /share | 14 Jul 2023 | 340.50 | 328.55 |
| 14 Dec 2023 | Dividend | ₹ 6.00 /share | 14 Dec 2023 | 324.90 | 325.25 |
| 15 May 2024 | Dividend | ₹ 10.00 /share | 15 May 2024 | 464.05 | 560.05 |
| 29 Jul 2024 |  Annual General Meeting | NA | 29 Jul 2024 | 656.75 | 603.50 |
| 28 Aug 2024 | Dividend | ₹ 19.00 /share | 28 Aug 2024 | 495.75 | 532.25 |
| 18 Oct 2024 |  Quarterly Result Announcement | NA | 18 Oct 2024 | 520.20 | 507.95 |
| 28 Jan 2025 | Quarterly Result Announcement | NA | 28 Jan 2025 | 461.00 | 450.85 |
| 25 Apr 2025 | Quarterly Result Announcement | NA | 25 Apr 2025 | 452.30 | 459.35 |
| 17 Jun 2025 | Dividend | ₹ 10.00 /share | 17 Jun 2025 | 534.05 | 512.95 |
| 18 Jul 2025 | Quarterly Result Announcement | NA | 18 Jul 2025 | 436.35 | 437.05 |
| 25 Aug 2025 | Annual General Meeting | NA | 25 Aug 2025 | 436.35 | 424.90 |
| 17 Oct 2025 | Quarterly Result Announcement | NA | 17 Oct 2025 | 505.55 | 506.60 |
Announcements
Hindustan Zinc Retains Global No. 1* Ranking In S&P Global Corporate Sustainability Assessment 2025 For 3Rd Consecutive Year1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release1 day ago
1 day agoDisclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 20156 days ago
6 days agoDisclosure under Regulation 30A of LODR8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call TranscriptOct 18, 2025
Oct 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 18, 2025
Oct 18, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Oct 17, 2025Outcome Of The Board Meeting Held On October 17 2025 - Amendment To Insider Trading Prohibition Code
Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 17, 2025
Oct 17, 2025Outcome Of The Board Meeting Held On October 17 2025Oct 17, 2025
Oct 17, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On October 17 2025Oct 17, 2025
Oct 17, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 14, 2025
Oct 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 14, 2025
Oct 14, 2025Board Meeting Intimation for Consideration And Approval Of The Unaudited Consolidated And Standalone Financial Results Of The Company For The Second Quarter And Half Year Ended September 30 2025.Oct 14, 2025
Oct 14, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Oct 12, 2025
Oct 12, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 10, 2025
Oct 10, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (SEBI Listing Regulations)Oct 05, 2025
Oct 05, 2025Production Release For The Second Quarter And Half Year Ended September 30 2025Oct 03, 2025
Oct 03, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 29, 2025
Sep 29, 2025Closure of Trading WindowSep 29, 2025
Sep 29, 2025Sustainability Report For The Financial Year 2024-25Sep 26, 2025
Sep 26, 2025Climate Action Report For The Financial Year 2024-25Sep 26, 2025
Sep 26, 2025Special Window For Re-Lodgement Of Transfer Request Of Physical SharesSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 09, 2025
Sep 09, 2025Revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Sep 09, 2025
Sep 09, 2025Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 30, 2025
Aug 30, 2025Transcript Of The 59Th Annual General Meeting Of The CompanyAug 27, 2025
Aug 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 26, 2025
Aug 26, 2025Revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Aug 26, 2025
Aug 26, 2025Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Aug 26, 2025
Aug 26, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 23, 2025
Aug 23, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Aug 18, 2025Board Meeting Outcome for Outcome Of Board MeetingAug 18, 2025
Aug 18, 2025Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Aug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Aug 12, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As AmendedAug 10, 2025
Aug 10, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 09, 2025
Aug 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 01, 2025
Aug 01, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 01, 2025
Aug 01, 2025Notice Of 59Th Annual General Meeting And Integrated Annual Report For FY 2024-25Aug 01, 2025
Aug 01, 2025Reg. 34 (1) Annual Report.Aug 01, 2025
Aug 01, 2025Mutual Fund Holdings
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Aditya Birla Sun Life Arbitrage Fund Direct-Growth 
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Invesco India Arbitrage Fund Direct-Growth 
Tata Arbitrage Fund Direct - Growth 
Old Bridge Focused Fund Direct - Growth 
ICICI Prudential Nifty Next 50 Index Direct-Growth 
DSP Natural Resources and New Energy Fund Direct Plan-Growth 
SBI Arbitrage Opportunities Fund Direct-Growth 
Mirae Asset Arbitrage Fund Direct - Growth 
Edelweiss Arbitrage Fund Direct-Growth 
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Axis Arbitrage Fund Direct-Growth 
HDFC Arbitrage Fund Wholesale Direct-Growth 
Sundaram Multi-Factor Fund Direct-Growth 
ITI Mid Cap Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 43.11
ATR(14)
Less Volatile 11.80
STOCH(9,6)
Neutral 24.42
STOCH RSI(14)
Oversold 9.45
MACD(12,26)
Bearish -3.97
ADX(14)
Weak Trend 22.03
UO(9)
Bearish 40.72
ROC(12)
Downtrend And Accelerating -6.61
WillR(14)
Oversold -97.64
About Hindustan Zinc
Hindustan Zinc Ltd, a Vedanta Group subsidiary, is India's market leader in zinc, lead, and sulphuric acid production. The company operates five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulphuric acid plants, one silver refinery, six captive thermal power plants, and four captive solar plants in Rajasthan. It also has a rock-phosphate mine near Udaipur and processing facilities in Uttarakhand. The company's operations include wind power plants in Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Maharashtra. With a mined metal production capacity of 1.123 Mtpa, Hindustan Zinc's core business comprises mining and smelting of zinc and lead, along with captive power generation. The company's main facilities are located in Rajasthan and Uttarakhand, with its headquarters in Udaipur.
Chairperson NamePriya Agarwal
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