| Margins | Consistent c.50% EBITDA margin; 53% achieved in 9MFY26. |
|---|---|
| Demand visibility | Strong domestic demand linked to 300 Mtpa steel production by 2030. |
| Management confidence | High; citing industry leading margins and low-cost asset base. |
Growth
9MFY26 revenue reached ₹27,300 Cr with PAT of ₹8,799 Cr. Mined metal production guidance at 1,125 ktpa.
Outlook
Capex of ₹12,000 Cr for 2 Mtpa expansion. Targets 750 MT silver production by FY27 and net zero by 2050.
Risks
Exposed to LME metal price fluctuations, currency exchange rates, and environmental/regulatory changes.
Last quarter's promises, checked
Delivered
- Guided Mined Metal 1.1 Mtpa → delivered 268 kt in Q1 (~1.1 Mtpa run-rate = BEAT)
- Guided Zinc COP c.$1,000/t → delivered $851/t (= BEAT)
- Guided 36-month construction for 250 kt smelter → Q1 steady progress (= BEAT)
Partly delivered
- Guided 680 MT Silver → delivered 149 MT in Q1 (below quarterly run-rate = PARTIAL)
- Guided Fertilizer plant in Q2 → phosphoric acid plant on track; full plant Q1 FY28 (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: HINDZINC. Summary written with AI assistance from the document.
Hindustan Zinc Ltd: key numbers
- Share price
- ₹588.95
- Market cap
- ₹2,48,850 Cr
- Revenue (annual)
- ₹40,844 Cr
- Net profit (annual)
- ₹13,832 Cr
- P/E (TTM)
- 14.6×Sector 19.0×
- Promoter holding
- 60.71%+0.00% QoQ
- FII holding
- 2.20%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Hindustan Zinc Ltd
All →Hindustan Zinc Share Pledge
SBICAP Trustee Company released 5.15 Crore encumbered shares of Hindustan Zinc. This follows the release of a pledge by Vedanta Limited.
Hindustan Zinc Other Announcement
Hindustan Zinc informed the exchanges of an independent ESG rating of 67.76 assigned by Niche99. The company did not engage the provider for this report.
Hindustan Zinc Annual General Meeting
Postal ballot notice seeks approval for Amarendu Prakash as CEO and Dr. Yogesh Attray as Independent Director. E-voting runs September 17 to October 16, 2026.
Hindustan Zinc Business Update
Hindustan Zinc signed a six-year EV truck transportation contract with MFL India for concentrate logistics. The 30-truck fleet advances its mine-to-smelter decarbonisation at Rampura Agucha.
- Execution
- 6 years (extendable by 2 years)
- EV fleet for mine-to-smelter concentrate transportation
- 30 electric trucks
Hindustan Zinc Other Announcement
Hindustan Zinc Limited has been assigned an overall ESG rating of 65 by NSE Sustainability Ratings and Analytics Limited. The rating was independently prepared using public domain data.
Hindustan Zinc Bags New Order from Government of Karnataka
Hindustan Zinc received a Letter of Intent from the Karnataka Government for a mining lease. The lease covers 314.21 hectares for REE and Yttrium mining.
- From
- Government of Karnataka
- mining lease area
- 314.21 Hectares