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Hindustan Zinc

BSE:500188
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500188
BSE
₹1,002B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Hindustan Zinc Limited explores for, extracts, and processes minerals in India and internationally. The last earnings update was 44 days ago. More info.


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500188 Share Price and Events
7 Day Returns
-1%
BSE:500188
1.3%
IN Metals and Mining
-1.3%
IN Market
1 Year Returns
-22.1%
BSE:500188
-23%
IN Metals and Mining
-1.6%
IN Market
500188 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hindustan Zinc (500188) -1% -6.3% -14.6% -22.1% 37.9% 45.4%
IN Metals and Mining 1.3% 1.7% -6.6% -23% 43.5% -14.6%
IN Market -1.3% 4.7% 0.7% -1.6% 32.8% 41.8%
1 Year Return vs Industry and Market
  • 500188 underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
500188
Industry
5yr Volatility vs Market

500188 Value

 Is Hindustan Zinc undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hindustan Zinc to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hindustan Zinc.

BSE:500188 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500188
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 35%) (0%))
1.017
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.017 * 8.6%)
16.3%

Discounted Cash Flow Calculation for BSE:500188 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hindustan Zinc is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500188 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.3%)
2019 65,090.75 Analyst x8 55,969.68
2020 72,562.11 Analyst x9 53,650.90
2021 76,630.00 Analyst x9 48,719.13
2022 90,902.00 Analyst x1 49,694.42
2023 99,756.66 Est @ 9.74% 46,893.18
2024 108,818.18 Est @ 9.08% 43,984.82
2025 118,202.15 Est @ 8.62% 41,082.82
2026 128,014.67 Est @ 8.3% 38,258.52
2027 138,353.18 Est @ 8.08% 35,554.22
2028 149,308.29 Est @ 7.92% 32,992.82
Present value of next 10 years cash flows ₹446,800.50
BSE:500188 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹149,308.29 × (1 + 7.55%) ÷ (16.3% – 7.55%)
₹1,835,957.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,835,957.69 ÷ (1 + 16.3%)10
₹405,693.64
BSE:500188 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹446,800.50 + ₹405,693.64
₹852,494.15
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹852,494.15 / 4,225.32
₹201.76
BSE:500188 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹201.76
Current discount Discount to share price of ₹237.25
= -1 x (₹237.25 - ₹201.76) / ₹201.76
-17.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hindustan Zinc is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hindustan Zinc's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hindustan Zinc's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500188 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹18.83
BSE:500188 Share Price ** BSE (2019-06-14) in INR ₹237.25
India Metals and Mining Industry PE Ratio Median Figure of 138 Publicly-Listed Metals and Mining Companies 10.01x
India Market PE Ratio Median Figure of 2,824 Publicly-Listed Companies 15.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hindustan Zinc.

BSE:500188 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500188 Share Price ÷ EPS (both in INR)

= 237.25 ÷ 18.83

12.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hindustan Zinc is overvalued based on earnings compared to the IN Metals and Mining industry average.
  • Hindustan Zinc is good value based on earnings compared to the India market.
Price based on expected Growth
Does Hindustan Zinc's expected growth come at a high price?
Raw Data
BSE:500188 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
7.7%per year
India Metals and Mining Industry PEG Ratio Median Figure of 17 Publicly-Listed Metals and Mining Companies 0.66x
India Market PEG Ratio Median Figure of 521 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:500188 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.6x ÷ 7.7%

1.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hindustan Zinc is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hindustan Zinc's assets?
Raw Data
BSE:500188 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹93.76
BSE:500188 Share Price * BSE (2019-06-14) in INR ₹237.25
India Metals and Mining Industry PB Ratio Median Figure of 167 Publicly-Listed Metals and Mining Companies 1.01x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
BSE:500188 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500188 Share Price ÷ Book Value per Share (both in INR)

= 237.25 ÷ 93.76

2.53x

* Primary Listing of Hindustan Zinc.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hindustan Zinc is overvalued based on assets compared to the IN Metals and Mining industry average.
X
Value checks
We assess Hindustan Zinc's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Hindustan Zinc has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

500188 Future Performance

 How is Hindustan Zinc expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hindustan Zinc expected to grow at an attractive rate?
  • Hindustan Zinc's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Hindustan Zinc's earnings growth is positive but not above the India market average.
  • Hindustan Zinc's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:500188 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:500188 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 7.7%
BSE:500188 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 8.2%
India Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
India Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500188 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500188 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 268,855 94,619 1
2021-03-31 251,187 108,330 94,448 11
2020-03-31 237,522 110,267 92,885 16
BSE:500188 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 211,180 79,560
2018-12-31 219,040 84,490
2018-09-30 222,860 85,360
2018-06-30 228,180 93,050
2018-03-31 220,840 98,370 92,760
2017-12-31 220,620 97,080
2017-09-30 211,270 97,980
2017-06-30 194,820 91,550
2017-03-31 172,730 75,880 83,160
2016-12-31 141,686 73,971
2016-09-30 126,193 69,168
2016-06-30 131,269 72,633

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hindustan Zinc's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Hindustan Zinc's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500188 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Hindustan Zinc Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500188 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 22.40 22.40 22.40 1.00
2021-03-31 22.28 27.30 18.70 11.00
2020-03-31 21.92 27.10 18.10 16.00
BSE:500188 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 18.83
2018-12-31 19.97
2018-09-30 20.17
2018-06-30 22.02
2018-03-31 21.93
2017-12-31 22.94
2017-09-30 23.15
2017-06-30 21.65
2017-03-31 19.66
2016-12-31 17.51
2016-09-30 16.38
2016-06-30 17.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hindustan Zinc is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Hindustan Zinc's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hindustan Zinc has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

500188 Past Performance

  How has Hindustan Zinc performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hindustan Zinc's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hindustan Zinc's year on year earnings growth rate has been positive over the past 5 years.
  • Hindustan Zinc's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hindustan Zinc's 1-year earnings growth is negative, it can't be compared to the IN Metals and Mining industry average.
Earnings and Revenue History
Hindustan Zinc's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hindustan Zinc Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500188 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 211,180.00 79,560.00 9,050.00
2018-12-31 219,040.00 84,490.00 9,540.00
2018-09-30 222,860.00 85,360.00 9,340.00
2018-06-30 228,180.00 93,050.00 8,340.00
2018-03-31 220,840.00 92,760.00 8,560.00
2017-12-31 220,620.00 97,080.00 8,390.00
2017-09-30 211,270.00 97,980.00 8,220.00
2017-06-30 194,820.00 91,550.00 7,780.00
2017-03-31 172,730.00 83,160.00 7,770.00
2016-12-31 141,686.30 73,970.70 8,081.60
2016-09-30 126,193.10 69,167.50 8,420.70
2016-06-30 131,268.80 72,633.00 8,453.00
2016-03-31 141,810.00 81,750.00 8,410.00
2015-12-31 152,197.30 80,148.90 13,264.80 50.40
2015-09-30 156,422.90 85,828.70 13,177.20 50.40
2015-06-30 154,113.70 84,811.30 13,190.60 50.40
2015-03-31 147,883.90 81,780.00 9,227.00
2014-12-31 142,813.80 80,617.60 11,493.70 32.70
2014-09-30 138,880.50 74,051.10 11,042.60 32.70
2014-06-30 136,592.80 68,618.40 10,652.10 32.70
2014-03-31 136,360.40 69,046.20 11,431.90 32.70
2013-12-31 138,947.00 71,892.30 10,273.50 31.20
2013-09-30 136,247.30 70,790.50 10,374.80 31.20
2013-06-30 129,265.80 69,785.90 10,155.60 31.20
2013-03-31 126,998.40 68,994.80 9,866.90 31.20
2012-12-31 119,191.00 61,465.10 9,083.80 48.00
2012-09-30 115,254.40 58,075.70 8,728.50 48.00
2012-06-30 113,059.50 56,124.70 9,746.40 48.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hindustan Zinc has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hindustan Zinc used its assets more efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
  • Hindustan Zinc has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hindustan Zinc's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hindustan Zinc has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

500188 Health

 How is Hindustan Zinc's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hindustan Zinc's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hindustan Zinc is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hindustan Zinc's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hindustan Zinc's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Hindustan Zinc has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hindustan Zinc Company Filings, last reported 2 months ago.

BSE:500188 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31
2018-12-31 395,760.00 0.00 233,180.00
2018-09-30 395,760.00 0.00 233,180.00
2018-06-30 359,320.00 0.00 221,970.00
2018-03-31 359,320.00 0.00 203,950.00
2017-12-31 351,790.00 5,930.00 200,160.00
2017-09-30 351,790.00 5,930.00 200,160.00
2017-06-30 308,050.00 79,080.00 239,720.00
2017-03-31 308,050.00 79,080.00 239,720.00
2016-12-31 403,978.50 19,280.20 271,991.90
2016-09-30 403,978.50 19,280.20 271,991.90
2016-06-30 373,851.90 0.00 352,151.30
2016-03-31 373,850.00 0.00 352,720.00
2015-12-31 456,293.40 0.00 345,683.50
2015-09-30 456,293.40 0.00 345,683.50
2015-06-30 433,530.70 0.00 307,851.00
2015-03-31 433,530.70 0.00 307,851.00
2014-12-31 402,783.80 0.00 274,785.80
2014-09-30 402,783.80 0.00 274,785.80
2014-06-30 374,176.10 0.00 255,350.00
2014-03-31 374,176.10 0.00 255,350.00
2013-12-31 347,660.90 3.90 236,316.50
2013-09-30 347,660.90 3.90 236,316.50
2013-06-30 322,757.40 3.90 214,792.80
2013-03-31 322,757.40 0.00 214,792.80
2012-12-31 292,026.50 3.90 191,356.20
2012-09-30 292,026.50 3.90 191,356.20
2012-06-30 268,812.60 3.90 179,475.80
  • Hindustan Zinc has no debt.
  • Hindustan Zinc had no debt 5 years ago.
  • Hindustan Zinc has no debt, it does not need to be covered by operating cash flow.
  • Hindustan Zinc has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hindustan Zinc's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hindustan Zinc has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

500188 Dividends

 What is Hindustan Zinc's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hindustan Zinc dividends. Estimated to be 5.52% next year.
If you bought ₹2,000 of Hindustan Zinc shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hindustan Zinc's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hindustan Zinc's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500188 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
India Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 3.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1450 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:500188 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 20.00 1.00
2021-03-31 10.88 10.00
2020-03-31 14.17 14.00
BSE:500188 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.000 0.000
2018-10-22 0.000 0.000
2018-08-06 8.000 2.768
2018-04-30 8.000 2.787
2018-03-16 8.000 2.542
2017-10-23 4.000 1.296
2017-07-03 1.900 0.650
2017-04-20 1.900 0.758
2017-02-10 1.900 0.637
2016-10-28 1.900 0.695
2016-04-21 1.900 0.963
2015-10-19 4.400 2.834
2015-05-20 5.000 3.290
2015-04-20 5.000 2.895
2015-01-19 3.800 2.228
2014-09-17 3.800 2.321
2014-06-02 3.500 2.113
2014-04-21 3.500 2.573
2013-10-23 3.100 2.433
2013-05-20 3.100 2.720
2013-04-25 3.100 2.574
2012-10-18 2.500 1.962
2012-04-19 2.400 1.944
2012-01-20 3.000 2.255
2011-10-20 3.000 2.491
2011-05-31 1.000 0.775
2011-04-21 1.000 0.736
2010-05-04 0.600 0.519
2010-04-21 0.600 0.491

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hindustan Zinc has not reported any payouts.
  • Unable to verify if Hindustan Zinc's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hindustan Zinc's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hindustan Zinc has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Hindustan Zinc's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hindustan Zinc afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hindustan Zinc has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

500188 Management

 What is the CEO of Hindustan Zinc's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sunil Duggal
COMPENSATION ₹52,543,871
AGE 56
TENURE AS CEO 3.7 years
CEO Bio

Mr. Sunil Duggal serves as Chief Executive Officer of HZL at Vedanta Resources Limited (formerly known as Vedanta Resources PLC) since October 2015 and served as its Chief Executive Officer of Zinc India since October 2015. Mr. Duggal joined the Vedanta Group in August 2010. He has been a significant driver of growth and the enhancement of the culture of safety at HZL. Mr. Duggal joined Hindustan in August 2010 and has been a significant driver of Hindustan Zinc's growth over the years. He is a result oriented professional with over 32 years of experience of leading high performance teams and more than 18 years in leadership positions nurturing business, evaluating opportunities and risks and successfully improving efficiency and productivity whilst reducing costs and inefficiencies. He is known for his ability to keep a level head at all times, nurture and grow a business, evaluate opportunities & risks and successfully drive efficiency & productivity whilst reducing costs & inefficiencies and deliver innovative solutions to challenges. He presented series of papers on utilization of waste like fly ash, jarosite, slag and others and on environment practices and concrete technology in various national and international forums. He designed and executed the construction of India's first high volume fly ash concrete road with 60 % fly ash. Mr. Duggal has been the Chief Executive Officer of Hindustan Zinc Limited since October 1, 2015. He served as Deputy Chief Executive Officer of Hindustan Zinc Limited (HZL) since April 2014. He joined HZL in 2010 as an Executive Director and served as its Chief Operating Officer since September 2012. Prior to this, he served as Joint President of Ambuja Cement Limited. Mr. Duggal joined Ambuja Cements Ltd. on September 7, 1992 and served as its Senior Vice President. He served as Joint President of Darlaghat at Ambuja Cements Limited. He served as General Manager of Modi Cement. He has been a Whole-Time Director of Hindustan Zinc Limited since October 1, 2015. He is the President of the Indian Lead Zinc Development Association. He was the recipient of the Rajiv Gandhi Award' for environment excellence in 1998 and also published various articles in Science & Technology section of newspapers. He has participated in leadership development and management development programmes at International Institute for Management Development, Lausanne, Switzerland and Indian Institute of Management, Kolkata. Mr. Duggal is a Bachelor of Engineering (Electrical) from Thapar Institute of Engineering and Technology, Patiala and is an Alumni of IMD, Lausanne - Switzerland and IIM, Kolkata. He currently also leads the Base Metals Group. Mr. Duggal has led the value-adding adoption of best-in-class mining and smelting techniques, machineries, state-of-the-art environment-friendly technologies, mechanisation and automation of operational activities.

CEO Compensation
  • Sunil's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Sunil's remuneration is about average for companies of similar size in India.
Management Team

Sunil Duggal

TITLE
CEO & Whole-time Director
COMPENSATION
₹53M
AGE
56
TENURE
3.7 yrs

Rajendra Pandwal

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹12M

Laxman Shekhawat

TITLE
Chief Operating Officer of Mines
AGE
50

Ramakrishnan Kasinathan

TITLE
Chief Commercial Officer

Pankaj Kumar

TITLE
Chief Operating Officer of Smelters
AGE
50
TENURE
2.3 yrs

V. Jayaraman

TITLE
Head of Health

R. Dashora

TITLE
Site President of Agucha IBU

Mahesh Todkar

TITLE
Head of Projects

Akhilesh Shukla

TITLE
Vice President of R&D

Praveen Sharma

TITLE
Vice President of Mines
Board of Directors Tenure

Average tenure and age of the Hindustan Zinc board of directors in years:

3.7
Average Tenure
57
Average Age
  • The tenure for the Hindustan Zinc board of directors is about average.
Board of Directors

Kiran Agarwal

TITLE
Chairman
TENURE
0.3 yrs

Sunil Duggal

TITLE
CEO & Whole-time Director
COMPENSATION
₹53M
AGE
56
TENURE
3.7 yrs

A. Narayanaswamy

TITLE
Director
COMPENSATION
₹2M
AGE
67
TENURE
10.3 yrs

Arun Todarwal

TITLE
Director
COMPENSATION
₹1M
AGE
61
TENURE
4.3 yrs

Navin Agarwal

TITLE
Director
COMPENSATION
₹1M
AGE
57
TENURE
17.2 yrs

Reena Puri

TITLE
Director
AGE
54
TENURE
2.5 yrs

Farida Naik

TITLE
Director
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Hindustan Zinc's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hindustan Zinc has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

500188 News

Simply Wall St News

What You Must Know About Hindustan Zinc Limited's (BOM:500188) ROE

and want a simplistic look at the return on Hindustan Zinc Limited (BOM:500188) stock. … With an ROE of 25.82%, Hindustan Zinc Limited (BOM:500188) outpaced its own industry which delivered a less exciting 11.09% over the past year. … Check out our latest analysis for Hindustan Zinc

Simply Wall St -

500188 Company Info

Description

Hindustan Zinc Limited explores for, extracts, and processes minerals in India and internationally. The company operates through Zinc, Lead and Silver; and Wind Energy segments. It produces refined zinc and lead, silver, and cadmium, as well as sulphuric acid. The company also operates wind power plants with a capacity of 273.5 megawatts in Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Maharashtra; solar power plants with a capacity of 16 megawatts in Rajasthan; and waste heat power plants with a capacity of 35.4 megawatts. Hindustan Zinc Limited was incorporated in 1966 and is based in Udaipur, India. Hindustan Zinc Limited is a subsidiary of Vedanta Limited.

Details
Name: Hindustan Zinc Limited
500188
Exchange: BSE
Founded: 1966
₹1,002,456,932,750
4,225,319,000
Website: http://www.hzlindia.com
Address: Hindustan Zinc Limited
Yashad Bhawan,
Udaipur,
Rajasthan, 313004,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500188 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2001
NSEI HINDZINC Equity Shares National Stock Exchange of India IN INR 02. Jan 2001
Number of employees
Current staff
Staff numbers
4,398
Hindustan Zinc employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 12:38
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.