Hindustan Zinc Ltd.

NSE: HINDZINC · Metals & Mining

₹568.10-0.46%06 Nov 2026

Ask the data

Instant answers about Hindustan Zinc Ltd. — computed from its filings, no language model

Market cap₹2,40,022 cr

Current price₹568.10

High / Low₹727 / ₹454

P/E—

P/B8.01

Book value₹70.9

ROE0.0%

ROCE78.8%

Debt / equity0.21

Dividend yield1.76%

EPS (TTM)₹0.00

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY25	FY26
Revenue	29,440	33,272	28,932	34,083	40,844
EBITDA	16,225	16,680	13,656	17,388	22,064
Operating margin	55.1%	50.1%	47.2%	51.0%	54.0%
Interest	290	333	955	1,095	881
Depreciation	2,917	3,264	3,468	3,640	3,790
Profit before tax	14,100	15,288	10,307	13,553	18,508
Tax	4,471	4,777	2,548	3,200	4,676
Net profit	9,629	10,511	0	0	0
EPS ₹	22.79	24.88	18.36	24.50	32.74
Operating cash flow	12,691	15,129	13,346	14,160	17,008
Capex	2,998	3,561	3,866	4,006	5,275
Dividend paid	7,606	31,901	5,493	12,253	4,225
Total assets	44,670	35,467	33,895	34,490	42,370
Equity	34,281	12,932	15,195	13,326	22,629

Quarterly performance

last 20 quarters · ₹ crore

showing latest 8 of 20 periods

	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	7,990	8,797	9,387	8,127	7,628	8,281	7,282	6,791	7,310	7,549	8,130	8,252	8,614	9,087	7,771	8,549	10,980	13,544	13,747	15,093
Operating profit	4,370	4,962	5,137	4,198	3,469	4,027	3,347	3,139	3,521	3,649	3,946	4,123	4,499	4,820	3,859	4,445	6,054	7,706	8,050	9,248
Operating margin	54.7%	56.4%	54.7%	51.7%	45.5%	48.6%	46.0%	46.2%	48.2%	48.3%	48.5%	50.0%	52.2%	53.0%	49.7%	52.0%	55.1%	56.9%	58.6%	61.3%
Other income	279	277	310	576	586	582	282	223	296	273	268	270	218	227	279	238	293	280	316	374
Interest	50	66	44	51	62	176	218	232	243	262	256	303	285	251	240	259	195	187	132	88
Depreciation	741	816	731	798	807	928	801	825	905	937	844	877	905	1,014	913	882	947	1,048	920	962
Profit before tax	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	5,230	6,751	7,314	8,572
Tax	1,157	1,429	1,580	1,245	1,030	922	646	576	641	685	769	803	849	779	751	893	1,314	1,718	1,845	2,160
Net profit	0	2,928	0	0	0	2,583	0	0	0	0	0	0	0	0	2,234	0	0	0	0	0
EPS ₹	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	9.27	11.91	12.94	15.18
Revenue YoY	—	—	—	—	-4.5%	-5.9%	-22.4%	-16.4%	-4.2%	-8.8%	11.6%	21.5%	17.8%	20.4%	-4.4%	3.6%	27.5%	49.0%	76.9%	76.5%
Profit YoY	—	—	—	—	—	-11.8%	—	—	—	-100.0%	—	—	—	—	—	—	—	—	-100.0%	—

Earlier results (standalone, Sep '07 – Sep '21)

₹ crore · from BSE, before the NSE XBRL filings begin

Hindustan Zinc Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 13 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†	FY20†	FY21†
Revenue	5,792	8,139	10,042	11,406	12,700	13,636	14,788	14,226	18,548	22,521	21,118	18,561	22,629
Operating profit	2,846	4,792	5,623	6,118	6,482	6,965	7,420	6,611	9,739	12,272	10,674	8,847	11,672
Operating margin	49.1%	58.9%	56.0%	53.6%	51.0%	51.1%	50.2%	46.5%	52.5%	54.5%	50.5%	47.7%	51.6%
Other income	821	600	852	1,505	2,032	1,900	2,821	2,729	2,450	1,801	1,782	1,934	1,819
Interest	23	44	20	30	33	49	24	17	202	283	—	112	386
Depreciation	285	334	475	606	647	785	644	713	1,787	1,694	1,883	2,279	2,531
Profit before tax	3,358	5,014	5,960	6,945	7,820	7,970	9,570	8,610	10,199	12,336	10,456	8,390	10,574
Tax	631	973	1,059	1,418	921	1,065	1,392	444	1,884	3,180	2,500	1,585	2,594
Net profit	2,728	4,041	4,900	5,526	6,899	6,905	8,178	8,167	8,316	9,156	7,956	6,805	7,980

Quarters

showing latest 8 of 57 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†	DEC '19†	MAR '20†	JUN '20†	SEP '20†	DEC '20†	MAR '21†	JUN '21†	SEP '21†
Revenue	1,984	1,658	2,266	1,644	1,790	1,069	1,289	1,527	1,818	2,249	2,545	1,973	2,201	2,630	3,237	2,847	2,637	2,787	3,135	2,748	2,865	3,178	3,909	2,984	3,559	3,450	3,643	3,007	3,802	3,853	4,126	3,630	4,033	3,431	3,132	2,531	3,877	5,384	6,756	5,013	5,309	5,922	6,277	5,310	4,777	5,540	5,491	4,987	4,511	4,672	4,391	3,989	5,660	6,033	6,947	6,531	6,122
Operating profit	1,419	1,044	1,481	978	982	305	581	782	1,075	1,386	1,548	1,022	1,125	1,507	1,968	1,592	1,465	1,402	1,659	1,429	1,443	1,494	2,116	1,503	1,883	1,824	1,755	1,352	2,000	2,089	1,978	1,660	2,164	1,478	1,308	1,131	2,077	2,783	3,748	2,384	3,024	3,244	3,620	2,713	2,334	2,838	2,789	2,477	2,117	2,289	1,964	1,576	2,952	3,269	3,875	3,558	3,335
Operating margin	71.5%	63.0%	65.4%	59.5%	54.8%	28.5%	45.1%	51.2%	59.1%	61.6%	60.8%	51.8%	51.1%	57.3%	60.8%	55.9%	55.6%	50.3%	52.9%	52.0%	50.4%	47.0%	54.1%	50.4%	52.9%	52.9%	48.2%	45.0%	52.6%	54.2%	48.0%	45.7%	53.7%	43.1%	41.8%	44.7%	53.6%	51.7%	55.5%	47.6%	57.0%	54.8%	57.7%	51.1%	48.9%	51.2%	50.8%	49.7%	46.9%	49.0%	44.7%	39.5%	52.2%	54.2%	55.8%	54.5%	54.5%
Other income	144	111	326	209	181	236	194	180	154	132	134	158	184	207	302	355	387	382	381	574	540	506	412	620	267	424	589	717	697	812	595	564	869	555	742	610	770	588	481	530	487	298	486	299	394	550	539	429	590	445	470	684	390	450	295	349	311
Interest	6	6	5	7	7	4	5	3	5	8	28	7	1	0	13	6	12	9	2	13	2	7	11	11	8	10	20	8	1	1	14	2	1	5	9	71	71	45	14	137	84	17	45	15	—	51	51	29	25	42	16	52	68	135	131	92	82
Depreciation	49	54	74	69	70	71	75	75	77	82	101	112	116	120	127	135	146	159	167	173	175	177	122	184	186	210	204	202	206	209	27	173	175	172	193	364	432	459	532	360	394	481	459	387	454	489	553	534	595	597	553	544	652	639	696	658	702
Profit before tax	1,508	1,095	1,728	1,112	1,085	466	696	884	1,147	1,429	1,554	1,061	1,173	1,595	2,131	1,802	1,670	1,610	1,862	1,817	1,810	1,816	2,378	1,928	1,895	2,028	2,120	1,860	2,486	2,692	2,533	2,050	2,857	1,856	1,848	1,305	2,344	2,868	3,683	2,417	3,324	3,044	3,551	2,610	2,274	2,848	2,724	2,343	2,087	2,095	1,865	1,664	2,622	2,945	3,343	3,023	2,862
Tax	360	310	450	264	126	97	144	166	212	280	315	170	224	305	359	307	325	336	449	235	271	203	212	267	254	305	238	242	302	312	535	129	572	45	-301	268	442	548	626	541	779	814	1,046	692	459	637	712	578	6	475	526	305	682	745	862	1,040	845
Net profit	1,148	785	1,278	848	960	369	551	719	935	1,149	1,239	891	949	1,290	1,771	1,495	1,345	1,274	1,413	1,581	1,540	1,613	2,166	1,660	1,640	1,723	1,881	1,618	2,184	2,379	1,997	1,921	2,285	1,811	2,149	1,037	1,902	2,320	3,057	1,876	2,545	2,230	2,505	1,918	1,815	2,211	2,012	1,765	2,081	1,620	1,339	1,359	1,940	2,200	2,481	1,983	2,017
EPS ₹	27.16	18.58	30.25	20.07	22.70	8.73	13.05	17.01	22.13	27.18	29.33	21.09	22.45	30.52	4.19	3.54	3.18	3.01	3.34	3.74	3.64	3.82	5.13	3.93	3.88	4.08	4.45	3.83	5.17	5.63	4.73	4.55	5.41	4.29	5.09	2.45	4.50	5.49	7.23	4.44	6.02	5.28	5.93	4.54	4.30	5.23	4.76	4.18	4.93	3.83	3.17	3.22	4.59	5.21	5.87	4.69	4.77
Revenue YoY	—	—	—	—	-9.8%	-35.5%	-43.1%	-7.1%	1.6%	110.4%	97.4%	29.3%	21.0%	16.9%	27.2%	44.3%	19.8%	6.0%	-3.2%	-3.5%	8.7%	14.0%	24.7%	8.6%	24.2%	8.6%	-6.8%	0.8%	6.8%	11.7%	13.3%	20.7%	6.1%	-11.0%	-24.1%	-30.3%	-3.9%	56.9%	115.7%	98.1%	36.9%	10.0%	-7.1%	5.9%	-10.0%	-6.5%	-12.5%	-6.1%	-5.6%	-15.7%	-20.0%	-20.0%	25.5%	29.1%	58.2%	63.7%	8.2%
Profit YoY	—	—	—	—	-16.4%	-53.0%	-56.8%	-15.2%	-2.6%	211.4%	124.7%	23.9%	1.5%	12.3%	43.0%	67.8%	41.7%	-1.2%	-20.2%	5.8%	14.5%	26.6%	53.3%	5.0%	6.5%	6.8%	-13.1%	-2.6%	33.1%	38.1%	6.2%	18.7%	4.7%	-23.9%	7.6%	-46.0%	-16.8%	28.1%	42.2%	80.9%	33.8%	-3.9%	-18.1%	2.2%	-28.7%	-0.9%	-19.7%	-8.0%	14.7%	-26.7%	-33.4%	-23.0%	-6.8%	35.8%	85.3%	45.9%	4.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 17 periods

	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	9.4%	9.4%	20.0%	20.0%	18.9%	18.9%	0.0%	0.0%	0.0%	0.0%	0.0%	16.8%	16.3%	16.3%	9.9%	0.0%	0.0%
ROCE	51.0%	49.0%	63.0%	55.3%	49.2%	47.9%	47.6%	49.9%	59.7%	63.9%	61.1%	60.5%	61.0%	67.6%	62.8%	76.5%	78.8%
Net margin	8.5%	8.6%	7.7%	8.2%	8.6%	8.7%	0.0%	0.0%	0.0%	0.0%	0.0%	6.6%	6.6%	6.1%	5.5%	0.0%	0.0%
EBITDA margin	54.4%	52.3%	50.4%	48.0%	46.6%	47.3%	47.2%	47.9%	48.8%	49.8%	51.0%	51.3%	51.8%	52.7%	54.0%	56.1%	58.2%
Debt / equity	0.07	0.07	0.92	0.92	0.83	0.83	0.56	0.56	1.79	1.79	0.80	0.80	0.78	0.78	0.36	0.36	0.21
Interest coverage	80.68	73.38	46.91	27.09	17.87	13.76	11.79	11.89	11.94	12.30	13.38	13.44	14.37	17.44	22.01	30.54	47.29
Asset turnover	0.81	0.80	0.94	0.88	0.85	0.84	0.85	0.88	0.96	1.00	0.99	0.98	0.96	1.02	0.96	1.11	1.12

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 11 periods

	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	845	845	845	845	845	845	845	845	845	845	845
Other equity / reserves	31,468	33,436	30,431	12,087	12,810	14,350	6,775	12,481	12,852	21,784	29,121
Total equity	32,313	34,281	31,276	12,932	13,655	15,195	7,620	13,326	13,697	22,629	29,966
Borrowings	7,177	2,823	2,127	11,881	11,324	8,456	13,669	10,651	10,701	8,252	6,171
Current liabilities	7,876	6,094	8,317	17,453	13,868	10,841	17,101	11,199	13,156	11,274	10,602
Non-current liabilities	5,538	4,295	2,954	5,082	7,834	7,859	7,831	9,965	8,742	8,467	6,902
Total assets	45,727	44,670	42,547	35,467	35,357	33,895	32,552	34,490	35,595	42,370	47,470
Property, plant & equipment	16,447	17,165	17,034	17,530	18,408	17,971	17,553	18,485	19,089	19,846	19,671
Capital work-in-progress	1,922	2,075	2,477	2,237	1,459	1,696	2,620	2,606	2,996	3,409	4,396
Investments	12,957	15,052	13,604	10,107	11,074	10,452	8,438	9,972	8,720	14,468	15,912
Inventories	1,425	1,953	2,540	1,862	1,788	1,926	1,703	1,889	2,255	2,054	2,076
Receivables	406	716	371	380	216	155	270	117	175	399	397
Cash & equivalents	313	1,592	54	59	556	53	71	96	91	297	128

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 6 periods

	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	10,567	12,691	15,129	13,346	14,160	17,008
Cash from investing	-2,435	846	6,562	-3,406	-2,706	-8,906
Cash from financing	-9,697	-12,258	-23,224	-9,946	-11,411	-7,901
Capex	2,481	2,998	3,561	3,866	4,006	5,275
Free cash flow	8,086	9,693	11,568	9,480	10,154	11,733
Dividends paid	15,972	7,606	31,901	5,493	12,253	4,225

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹19,671 cr41%

CWIP

₹4,396 cr9%

Investments

₹15,912 cr34%

Inventories

₹2,076 cr4%

Receivables

₹397 cr1%

Cash & equivalents

₹128 cr0%

Other assets

₹4,890 cr10%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+3.1%

6 months-10.8%

1 year+17.5%

3Y CAGR+24.3%

5Y CAGR+12.1%

10Y CAGR+8.0%

50-day avg₹561.57

200-day avg₹578.49

RSI (14)59

Long-term financials (FY10–FY13)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY13	₹12,700 Cr	₹7,820 Cr	₹6,899 Cr
FY12	₹11,405 Cr	₹6,945 Cr	₹5,526 Cr
FY10	₹8,739 Cr	—	₹4,041 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Hindustan Zinc Ltd. with

Adani Enterprises vs Hindustan Zinc JSW Steel vs Hindustan Zinc Hindustan Zinc vs Tata Steel Hindustan Zinc vs Hindalco Industries

FAQs

What is the share price of Hindustan Zinc Ltd.?

Hindustan Zinc Ltd. (HINDZINC) closed at ₹568.10 on NSE on 06 Nov 2026.

What is the market cap of Hindustan Zinc Ltd.?

₹2,40,022 crore at the latest close.

How fast is Hindustan Zinc Ltd. growing?

Hindustan Zinc Ltd.: revenue has compounded at 7.1% a year over three years. Latest-quarter revenue is up 76.5% year on year.

How profitable is Hindustan Zinc Ltd.?

On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 78.8%, operating margin 58.2%, net margin 0.0%.

How much debt does Hindustan Zinc Ltd. have?

Hindustan Zinc Ltd. is lightly geared: debt to equity is 0.21 with borrowings of ₹6,171 cr against cash of ₹128 cr (balance sheet of 2026-09-30). Operating profit covers interest 47.3 times.

Financials parsed from Hindustan Zinc Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '21, annual from FY22, balance sheet from Mar '21. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.