NSE/HINDZINC

HINDZINCHindustan Zinc Ltd

Metals · NSE

₹592.3-0.03%

52-wk low52-WEEK RANGE52-wk high

₹400.6+47.9% from low ·-18.6% from high₹727.2

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

HINDZINC+47.85% · 1Y

Range high ₹733Range low ₹397.15Latest ₹592.3252 bars · daily-close · NSE bhavcopy + 10Y history

MetalsOther Industrial Metals & MiningLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

High

Amongst the strong performers in the market.

· 52w return +30.9% — strong momentum
· Trades 12.7% above 200-DMA — uptrend intact

Valuation

High

Looks expensive vs the sector.

· P/E 21.1 close to sector median 22.1
· P/B 18.20 above sector median

Growth

Medium

Steady but not standout growth.

· Revenue YoY +17.4%
· Profit YoY +32.0% — strong earnings growth

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 86.2% — high-quality compounder
· Net margin 30.3% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(72/100)

Durability

84/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score7/9 (78pt)
Altman Z" score6.10 (100pt)
Debt/Equity0.88 (58pt)
ROE86.2% (100pt)

Valuation

49/100

Trading at a premium — growth must keep delivering to justify.

Show 4 drivers

P/E vs sector (21.1 / 22.1)95% (66pt)
P/B18.20 (0pt)
Dividend yield4.90% (100pt)
EV/EBITDA13.2 (40pt)

Momentum

82/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+30.9% (81pt)
DMA-trend alignmentup (75pt)
RSI (14)61.9 (93pt)
Price vs 200-DMA+14.4% (89pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)21.11

FAIR

CheapestP/E 21.1 near sector median.Most expensive

P/B18.20

OVERVALUED

CheapestP/B 18.20 at 100th %ile of sector.Most expensive

EV/EBITDA13.21

FAIR

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +9.61% · Worst: Mar -3.73%

Jan

+2.5%

60% win

Feb

-2.1%

40% win

Mar

-3.7%

20% win

Apr

+9.6%

80% win

May

+3.0%

30% win

Jun

+0.4%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+1.53%

Median

+0.42%

Std dev

10.51%

Best

+61.0%

Worst

-22.6%

% positive

52%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 5

High-quality compounder (ROE 86.2%)
Above 20% ROE consistently flags capital-efficient businesses
Strong net margin (30.3%)
High margin indicates pricing power + operating efficiency
Financial quality score 7/9
Piotroski ≥7 historically associated with outperformance
Bankruptcy risk low (Altman Z″ 6.10)
Z″ above 2.60 sits squarely in the 'safe' zone
Top quartile ROE in Metals
Rank 1 of 10 peers

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 1

Attractive income yield (4.90%)
Payout ratio 36% leaves room for dividend growth

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

-0.0%

+4.9%

+7.3%

+0.3%

+23.0%

+43.7%

+23.4%

+14.4%

10Y

+13.6%

Fundamentals

VALUATION

Market cap

₹2,49,357 Cr

P/E (TTM)

21.1

P/E (fwd)

14.9

next 12m

P/B

18.20

EV/EBITDA

13.2

Book value

₹32.42

per share

PROFITABILITY · QUALITY

ROE

86.2%

ROCE

—

Net margin

30.3%

Op margin

48.1%

Gross margin

73.3%

D/E

0.88

GROWTH · MARKET

Rev YoY

+17.4%

Profit YoY

+32.0%

Div yield

4.90%

Payout

35.8%

52w change

+30.9%

Beta

0.60

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Forward P/E materially below trailing (14.9x vs 21.1x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+High ROE of 86.2%Capital-efficient business — every rupee of equity generates 86.2 paise of earnings
+Strong operating margin (48.1%)Meaningful pricing power or cost discipline — above most Indian companies
+Profit growing fast (+32.0% YoY)Operating leverage kicking in — bottom line out-growing top line
+High dividend yield (4.90%)Meaningful income return even before price appreciation

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Metals · 10 peers

P/E (TTM)

This stock

21.11

Sector median

22.14

Rank 4/10 (70th %ile)

ROE

This stock

86.2%

Sector median

14.7%

Rank 10/10 (10th %ile)

P/B

This stock

18.20

Sector median

3.62

Rank 10/10 (10th %ile)

Quality score · Piotroski F-score

7 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE6.10

Z″ = 6.10 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.179	×6.56	1.173
Retained Earnings / Total Assets (B)	0.517	×3.26	1.687
EBIT / Total Assets (C)	0.302	×6.72	2.027
Book Equity / Total Liabilities (D)	1.157	×1.05	1.215

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

16 analysts · HOLD

Target mean

₹654.81

Target high

₹800.00

Target low

₹520.00

Upside vs today

+11.0%

Street consensus target is +11.0% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Other Industrial Metals & Mining

Employees

3,478

Shares out

422.5

Revenue (TTM)

₹35,512 Cr

EBITDA

₹19,246 Cr

Total debt

₹12,077 Cr

Cash

₹7,990 Cr

Net debt

₹4,087 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	8,004	8,315	8,829	7,591	10,627
Operating profit	3,246	3,594	4,052	2,946	5,107
OPM %	40.5%	43.2%	45.9%	38.8%	48.1%
Interest	303

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	28,790	33,272	28,082	33,041
Operating profit	13,471	14,424	10,387	13,994
OPM %	46.8%	43.4%	37.0%	42.4%
Interest	265	285	885	980

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
HINDZINCTHIS Hindustan Zinc Limited	₹592.3	+30.9%	2,49,357	21.1	18.20	86.2%	0.88	+17.4%
HINDALCO Hindalco Industries Limited	₹1,039	+67.0%	2,26,997	14.0	1.67	11.9%	0.58	+13.9%
JINDALSTEL JINDAL STEEL LIMITED	₹1,270	+40.1%	1,31,022	66.3	2.64	4.0%	0.38	+10.9%
NATIONALUM National Aluminium Company Limited	₹438.75	+171.8%	78,668	12.8	3.96	—	0.00	+27.7%
NMDC NMDC Limited	₹89.78	+32.4%	78,511	11.4	2.42	—	0.11	+11.1%
SAIL Steel Authority of India Limited	₹173.33	+49.4%	71,334	25.6	1.23	—	0.58	-2.8%
JSL Jindal Stainless Limited	₹788.2	+38.4%	64,502	22.0	14.33	—	0.38	+1.9%
APLAPOLLO APL Apollo Tubes Limited	₹2,105.7	+31.6%	58,644	49.9	12.73	25.5%	0.15	+14.2%
GMDCLTD Gujarat Mineral Development Corporation Limited	₹736.9	+124.7%	22,069	22.3	3.28	14.7%	0.04	+15.8%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	8.70	9.14	+5.0%
-2q	6.10	6.23	+2.1%
-3q	4.90	5.22	+6.5%
-4q	6.27	7.05	+12.5%

Date	Amount
2025-06-17	₹10.00
2024-08-28	₹19.00
2024-05-15	₹10.00
2023-12-14	₹6.00
2023-07-14	₹7.00
2023-03-29	₹26.00
2023-01-30	₹13.00
2022-11-23	₹15.50
2022-07-20	₹21.00
2021-12-14	₹18.00
2020-10-27	₹21.30
2020-05-19	₹16.50
2018-10-31	₹20.00
2018-03-23	₹6.00
2017-11-01	₹2.00
2017-03-29	₹27.50
2016-11-04	₹1.90

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	845	845	845	845
Reserves	23,116	1,733	3,994	12,481
Borrowings	3,124	12,188	9,121	11,536
Other liabilities	1,024	1,060	925	963
Total liabilities	44,670	35,467	33,895	34,490
Fixed assets	19,521	19,946	20,091	21,397
CWIP	2,241	2,416	2,120	2,912
Investments	5	262	583	829
Other assets	275	290	569	591
Total assets	44,670	35,467	33,895	34,490

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	12,691	15,162	13,346	14,160
CF Investing	846	6,529	-3,406	-2,706
CF Financing	-12,258	-23,224	-9,946	-11,411
Net cash flow	1,279	-1,533	-6	43
Free cash flow	9,693	11,568	9,480	10,154

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	42.4%	37.0%	43.4%	46.8%
Net margin %	31.3%	27.6%	31.6%	33.4%
ROE %	114.0%	209.2%	79.2%	40.2%
ROCE %	74.9%	77.9%	74.4%	53.0%
Debt / Equity	0.87	1.88	4.73	0.13
Interest coverage	14.8×	12.6×	54.6×	54.2×
Revenue growth YoY	+17.7%	-15.6%	+15.6%	—
Profit growth YoY	+33.4%	-26.2%	+9.2%	—

HINDZINCHindustan Zinc Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Metals

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Metals