Hindustan Zinc (500188) Stock Overview
Explores for, extracts, and processes minerals in India, rest of Asia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
500188 Community Fair Values
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Analyst Price Targets
Hindustan Zinc Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹601.00 |
| 52 Week High | ₹732.60 |
| 52 Week Low | ₹414.65 |
| Beta | 0.66 |
| 1 Month Change | 11.98% |
| 3 Month Change | -4.43% |
| 1 Year Change | 42.87% |
| 3 Year Change | 89.95% |
| 5 Year Change | 87.40% |
| Change since IPO | 32,386.49% |
Recent News & Updates
Recent updates
Narrative Update • Jul 27
500188: Leadership Transitions And Higher Revenue Assumptions Will Support Future Upside
Analysts have lifted their fair value estimate for Hindustan Zinc, raising the price target from ₹730 to ₹770, citing updated assumptions around revenue growth, profit margins and a slightly lower projected future P/E multiple. What’s in the News for Hindustan Zinc The board appointed Amarendu Prakash as Chief Executive Officer of Hindustan Zinc, effective August 1, 2026, following his prior leadership roles within India’s steel sector.Narrative Update • Jul 12
500188: Clean Energy Investments And New CFO Appointment Will Support Upside
Analysts have trimmed their Hindustan Zinc price target from ₹765 to ₹730, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E levels in their valuation models. What’s in the News for Hindustan Zinc Government stake sale report: Media reports indicate the central government is considering selling up to a 2% stake in Hindustan Zinc, potentially raising up to ₹50,000 million, with several domestic investment banks advising on the transaction.
Narrative Update • Jun 17
500188: Silver Dependence And Margin Compression Will Pressure Future Earnings
Analysts have kept their fair value estimate for Hindustan Zinc steady at ₹520, while updating assumptions around the discount rate, revenue growth, profit margins and future P/E, which together underpin the unchanged price target and refreshed narrative. What's in the News for Hindustan Zinc Hindustan Zinc signed a Memorandum of Understanding with Sulfozyme Agro India under its Zinc Industrial Park initiative at Khankhala in Rajasthan.Narrative Update • Jun 03
500188: Silver Profit Contribution And New CFO Appointment Will Support Upside
Analysts now place Hindustan Zinc's fair value at ₹765, up from ₹750. This reflects updated assumptions around revenue growth, profit margins and a higher future P/E multiple in their models.Narrative Update • May 14
500188: Future CFO Exit And Silver Dependence Will Pressure Earnings Outlook
Analysts have maintained their fair value estimate for Hindustan Zinc at ₹520. The latest price target is based on a slightly lower discount rate, reduced revenue growth assumptions to 5.77%, a higher projected profit margin of 40.56%, and a modestly adjusted future P/E of 17.68x.
Narrative Update • Apr 30
500188: Low Carbon Zinc Alliances And Silver Output Will Support Measured Upside
Analysts have increased their fair value estimate for Hindustan Zinc from ₹644 to ₹652, citing changes in assumed revenue growth, profit margin and the future P/E multiple in their updated models. What's in the News Reported fourth quarter production with silver output of 176 tonnes, 11% higher quarter on quarter, and for the full year mined metal production of 1,114 Kt and refined metal production of 1,048 Kt, with silver at 627 tonnes contributing 45% to overall profitability (Announcement of Operating Results).Narrative Update • Apr 15
500188: Low Carbon Zinc Initiatives Will Support Balanced Outlook On Future Earnings
Analysts have lifted their price target on Hindustan Zinc from ₹335 to ₹520, citing updated assumptions around revenue growth, profit margins and forward P/E multiples in their valuation work. What's in the News Hindustan Zinc is expanding the use of its EcoZen low-carbon zinc solution with Tata Steel, aiming to cut value-chain emissions in steel galvanising by using zinc with a verified carbon footprint of less than 1 tonne of CO2 equivalent per tonne of zinc, described as about 75% lower than the global industry average (Key Developments).Narrative Update • Apr 01
500188: Low Carbon Alloys And Record Output Will Support Future Upside
Analysts have nudged their fair value estimate for Hindustan Zinc slightly lower, with the price target moving from about ₹645.25 to ₹644.00, reflecting updated assumptions around discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Hindustan Zinc expanded its long-running relationship with Tata Steel to integrate EcoZen, a low carbon zinc solution produced using renewable energy, into steel manufacturing.Narrative Update • Mar 17
500188: New Zinc Park And Silver Recovery Initiatives Will Support Upside Outlook
Analysts keep their price target for Hindustan Zinc steady at ₹750, pointing to only minor tweaks in discount rate, revenue growth and profit margin assumptions, along with a slightly adjusted future P/E multiple, rather than a material shift in their view. What's in the News Hindustan Zinc has set a Special and Extraordinary Shareholders Meeting via postal ballot in India for Apr 10, 2026, signaling upcoming matters for investor approval (company filing).Narrative Update • Mar 03
500188: Future Metal Output And Silver Mix Will Support Positive Outlook
Analysts have kept their Hindustan Zinc fair value target steady at ₹750. Modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions reflect updated views on the company’s risk profile and earnings quality rather than a change in headline valuation.Narrative Update • Feb 17
500188: Battery Storage Prospects And Record Output Will Likely Support Balanced Risk
The analyst price target for Hindustan Zinc has moved from ₹498.07 to ₹645.25. Analysts attribute this change to updated assumptions for higher revenue growth, stronger profit margins, a slightly lower discount rate, and a modestly lower future P/E multiple.Narrative Update • Feb 03
500188: Future Margins And Production Gains Will Support Positive Outlook
Analysts have maintained their fair value estimate for Hindustan Zinc at ₹750.0 per share and have made slight adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s earnings profile and risk outlook. What's in the News A board meeting is scheduled for January 23, 2026 to consider general matters of the company (company filing).Narrative Update • Jan 19
500188: Future Margins And Governance Changes Will Shape Positive Outlook
Analysts have raised their fair value estimate for Hindustan Zinc from ₹688.38 to ₹750.00, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for January 19, 2026, to consider and approve the unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025 (company filing).Narrative Update • Jan 05
500188: Future Margins And Production Volumes Are Expected To Shape Outlook
Analysts have raised their price target on Hindustan Zinc from ₹564.00 to about ₹688.38 per share, citing expectations of stronger revenue growth, improved profit margins, and a more attractive future valuation multiple. What's in the News Board meeting scheduled for October 17, 2025, to review unaudited consolidated and standalone financial results for the second quarter and half year ended September 30, 2025, along with other matters (Board Meeting).Narrative Update • Dec 15
500188: Rising Output Guidance Will Likely Fail To Justify Current Downside Risk
Analysts have marginally raised their fair value estimate for Hindustan Zinc from ₹489.46 to ₹498.07 per share, reflecting slightly higher assumed revenue growth, profit margins and future earnings multiples, even after incorporating a modest uptick in the discount rate. What's in the News Board meeting scheduled for October 17, 2025 to review unaudited consolidated and standalone financial results for Q2 and H1 FY 2025, along with other matters (company filing) Production results for Q2 FY 2026 show marginally higher mined metal at 258,000 MT versus 256,000 MT a year earlier, but lower total refined metal at 246,000 MT versus 262,000 MT and reduced silver output at 144 MT versus 184 MT (company announcement) For the first half of FY 2026, mined metal production rose slightly to 523,000 MT versus 519,000 MT, while total refined metal declined to 496,000 MT from 524,000 MT and silver output fell to 293 MT from 350 MT (company announcement) Revised FY 2026 guidance sets mined metal production at 1,125 (±10) kt, refined metal at 1,075 (±10) kt and saleable silver at 680 (±10) MT.Narrative Update • Nov 30
500188: Modest Margin Improvements And Updated Guidance Will Balance Upcoming Risks
Analysts have raised their price target for Hindustan Zinc slightly from ₹488.58 to ₹489.46, citing modest improvements in projected profit margins, even though there has been a small reduction in anticipated revenue growth. What's in the News Special or Extraordinary Shareholders Meeting scheduled for December 20, 2025, via postal ballot in India (Key Developments) Production results for Q2 and the six months ended September 30, 2025: Mined metal production rose slightly, while total refined metal and silver output declined year-on-year.Narrative Update • Nov 16
500188: Production Expansion Plans And Stable Profit Margins Will Shape Outlook
Analysts have maintained their price target for Hindustan Zinc at ₹488.58. They cite stable growth forecasts and profitability metrics as key factors in their unchanged assessment.Narrative Update • Nov 01
500188: Production Expansions And Sustainability Investments Will Shape Outlook
Analysts have raised their price target for Hindustan Zinc from ₹460.42 to ₹488.58, citing improved revenue growth forecasts. This comes despite a slightly higher discount rate and marginally lower profit margin projections.Narrative Update • Oct 18
Expanding Metal Capacity And Renewables Will Define India's Mining Future
Analysts have modestly increased their price target for Hindustan Zinc, raising it from ₹453.83 to ₹460.42. This adjustment is supported by expectations of improved profit margins and stronger revenue growth projections.Narrative Update • Sep 06
Expanding Metal Capacity And Renewables Will Define India's Mining Future
Hindustan Zinc’s fair value estimate was revised down slightly as consensus revenue growth projections edged lower from 7.5% to 7.3% per annum. What's in the News Board approved establishment of India's first zinc tailings reprocessing plant at Rampura Agucha with a 10 Mtpa capacity, investing up to INR 3,823 crore to extract residual metals from waste, supporting resource efficiency and the circular economy.
New Narrative • Nov 07
Safety Challenges And Green Ambitions Overshadow Bright Prospects For Future Growth
Safety concerns and expansion delays could increase costs and slow growth, potentially impacting future margins and revenue.Shareholder Returns
| 500188 | IN Metals and Mining | IN Market | |
|---|---|---|---|
| 7D | 11.4% | 4.2% | 1.3% |
| 1Y | 42.9% | 24.3% | 5.9% |
Return vs Industry: 500188 exceeded the Indian Metals and Mining industry which returned 24.3% over the past year.
Return vs Market: 500188 exceeded the Indian Market which returned 5.9% over the past year.
Price Volatility
| 500188 volatility | |
|---|---|
| 500188 Average Weekly Movement | 4.4% |
| Metals and Mining Industry Average Movement | 5.9% |
| Market Average Movement | 5.9% |
| 10% most volatile stocks in IN Market | 9.0% |
| 10% least volatile stocks in IN Market | 3.7% |
Stable Share Price: 500188 has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: 500188's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1966 | 3,303 | Amarendu Prakash | www.hzlindia.com |
Hindustan Zinc Limited explores for, extracts, and processes minerals in India, rest of Asia, and internationally. The company operates through two segments, Zinc, Lead, Silver & Others; and Wind Energy. The company produces refined zinc and lead, precious metals, and silver; sulphuric acid; rock-phosphate; and metals and related alloys.
Hindustan Zinc Limited Fundamentals Summary
| 500188 fundamental statistics | |
|---|---|
| Market cap | ₹2.54t |
| Earnings (TTM) | ₹170.67b |
| Revenue (TTM) | ₹448.33b |
14.9x
P/E Ratio5.7x
P/S RatioIs 500188 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 500188 income statement (TTM) | |
|---|---|
| Revenue | ₹448.33b |
| Cost of Revenue | ₹108.52b |
| Gross Profit | ₹339.81b |
| Other Expenses | ₹169.14b |
| Earnings | ₹170.67b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 40.39 |
| Gross Margin | 75.79% |
| Net Profit Margin | 38.07% |
| Debt/Equity Ratio | 39.0% |
How did 500188 perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield27%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/09 21:28 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hindustan Zinc Limited is covered by 46 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | 360 ONE Capital Market Private Limited |
| Rajesh Majumdar | 360 ONE Capital Market Private Limited |
| Chandrani De | Ambit Capital |