Live Chart

O 310

H 310

L 310

VOL 1863

Hindustan Zinc Performance

Days Range

Low: ₹307.95
High: ₹311.00
Previous Close ₹309.10
Open ₹310.00
Volume 1,93,053
Day’s Range ₹307.95 - ₹311.00
52W Range ₹290.50 - ₹344.00
Market Cap ₹1,30,625 Cr

Fundamentals of Hindustan Zinc

ROCE (TTM) 46.91%
P/E Ratio (TTM) 15.73
P/B Ratio 9.57
Industry P/E 15.71
Debt to Equity 0.85
ROE 61.75%
EPS (TTM) 19.65
Dividend Yield 24.42%
Book Value 32
Face Value 2

Financials of Hindustan Zinc

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales8,5097,2826,7917,310
Expenses5,1824,7364,4774,694
Profit before tax3,5052,6102,3052,669
Operating Profit2,5831,9641,7292,028
Net Profit2,5831,9641,7292,028
EPS in Rs6.114.654.094.8

About Hindustan Zinc

History

Hindustan Zinc Ltd, a subsidiary of the Vedanta Group, is a market leader in Zinc and lead and the Sulphuric Acid business. Hindustan Zinc Ltd was incorporated from the earlier Metal Corporation of India (MCI) on January 10, 1966, and established as a Public Sector Undertaking. The company went public in October 1992.

In 2002-03, the company completed 32,000 tonnes of zinc debottlenecking at the Debari and Vizag Zinc Smelters. In 2003-04, the company completed 35,000 tonnes of zinc debottlenecking at the Chanderiya Smelter Complex. In 2004-05, the company expanded its Rampura Agucha Mine from 2.30 million tonnes per annum to 3.75 million tonnes per annum. In 2005-06, the company commissioned a Hydrometallurgical Zinc Smelter (Hydro I) with a 170,000 tonnes per annum capacity at the Chanderiya Smelter Complex. 

In 2009-10, the company expanded its total mining capacity to 8.40 million tonnes annually. They also commissioned the Hydrometallurgical Zinc Smelter at Rajpura Dariba, increasing the Zinc and Lead metal production capacity. In 2014-15, a paste fill plant at the Sindesar Khurd Mine was commissioned. In 2016-17, HZL’s Sindesar Khurd Mine achieved a 3.7 million MT per annum production capacity. In 2016-17, HZL successfully commissioned 16 MW of captive solar farms. Next year, the main shaft hoisting and south ventilation shaft systems were commissioned.

In 2020-21, a Dry Tailing Plant was commissioned at the Zawar Mine. The Graphite floatation system was also commissioned at Mill 3 of Sindesar Khurd Mines to enhance its smelter and boost the recovery. Backfill plants were also commissioned at the Zawarmala and Mochia mines. The company completed the Miyawaki Method of Afforestation pilot project at Debari Zinc Smelter (DZS). During 2023, the company entered its operations in a fertiliser project by incorporating Hindustan Zinc Fertilisers Private Limited (HZFPL).

Business Segments

In terms of products offered, the company has 4 main categories:

  1. Zinc – They produce refined zinc metal for various applications including galvanising, oxides, die castings and alloys.
  2. Lead – They produce lead ingots with a minimum 99.99% purity under brand names Vedanta 99.99 and Vedanta Pb 99.99.
  3. Silver – They produce refined silver that is recovered as a by-product of the zinc-lead facility. Their high-quality silver bullion has a minimum purity of 99.9%.
  4. Sulphuric Acid – They produce 98 % concentrated Sulphuric Acid at their production facilities in Chanderia, Debari and Dariba.
  5. Wind Energy – They have wind energy plants in 5 states, with long-term power purchase agreements with distribution companies.

While silver brought in around 13% of the revenue, Zinc, Lead and others brought in the majority of revenue as of FY 2023. 

Subsidiaries

As of March 31, 2023, the company had 4 wholly-owned subsidiaries:

  1. Hindustan Zinc Alloys Private Limited
  2. Vedanta Zinc Football & Sports Foundation
  3. Hindustan Zinc Fertilisers Private Limited
  4. Zinc India Foundation

Key Personnel

Ms Priya Agarwal Hebbar, Chairperson

Ms Hebbar is passionate about nature conservation, animal welfare, child nutrition and gender parity. Under her leadership, the Anil Agarwal Foundation (AAF), the philanthropic arm of Vedanta, has invested around $240 million for socio-economic development efforts in India.

Corporate Actions

The following are the corporate actions undertaken by the company in the recent past.

Bonus Shares

The company issued bonus shares at a 1:1 ratio with a record date of March 8, 2011.

Stock Split

The company issued a stock split from a face value of ₹10 to ₹2 per share with a record date of March 8, 2011.

Mergers and Acquisitions

  • Hindustan Zinc Fertilisers Private Limited (HZFPL) was incorporated into the company in 2023.
Parent Organisation Vedanta
Founded 1966
Managing Director Priya Agarwal
NSE Symbol HINDZINC

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Hindalco Industries Ltd ₹115,035.01

521.1

9.30 (1.82%)

514.25 - 522.15
National Aluminium Company Ltd ₹28,871.85

161.45

4.15 (2.64%)

152.75 - 162.2
PALCO Ltd ₹1.12

0.95

0.00 (0.00)

0.85 - 1
Maan Aluminium Ltd ₹851.84

157.3

0.70 (-0.44%)

155.3 - 160
Gujarat Cypromet Ltd ₹1.08

1.25

0.00 (0.00)

1.25 - 1.25

What's Trending

FAQs

What is the Share price of Hindustan Zinc (HINDZINC)?

Hindustan Zinc (HINDZINC) share price as of February 22, 2024, on NSE is Rs 310.25 (NSE) and Rs 310.00 (BSE) on BSE.

Can I buy Hindustan Zinc (HINDZINC) shares?

Yes, You can buy Hindustan Zinc (HINDZINC) shares by opening a Demat account with Angel One.

How do I buy Hindustan Zinc (HINDZINC) from Angel One?

Hindustan Zinc (HINDZINC) share can be brought through the following modes:
  1. Direct investment: You can buy Hindustan Zinc (HINDZINC) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Hindustan Zinc (HINDZINC) shares.

Is Hindustan Zinc a Debt free Company?

No, Hindustan Zinc is not a debt free company.

What is the main business of Hindustan Zinc?

The main business of Hindustan Zinc is to market metals, such as zinc, silver, and lead. It also sells scrap materials, sulphuric acid, and wind power.

Who are the promoters of Hindustan Zinc?

The primary promoter of Hindustan Zinc is Vedanta Limited with 64.92% shareholding as of December 31, 2022.

What are the Subsidiaries that comes under Hindustan Zinc?

The two wholly-owned subsidiaries that come under Hindustan Zinc are Vedanta Zinc Football & Sports Foundation and Hindustan Zinc Alloys Private Limited.