Hindustan Zinc Ltd (Metals) — fundamental analysis, earnings data, and key metrics. PE: 18.3. ROE: 72.9%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: New facility expected by Q2 FY29 with capacity expansion
Impact: +₹1500 Cr revenue
“Growth projects are progressing, with the integrated zinc smelter expected by Q2 FY29”
What: RE power to reach 70% post-FY27 with $20-25/ton cost savings
Impact: +₹250 Cr revenue
“RE power at 20% in Q3; to reach 25% by FY26-end, 35–40% in FY27, and 70% post-FY27; expected cost savings of $20–25/ton”
What: Zinc COP at $940/ton, lowest in 5 years, enabling margin leadership
“Achieved the lowest zinc cost of production (including royalty) in the last five years”
Earnings deceleration risks from management commentary
Trigger: 15%+ price correction
Impact: -300 bps margin impact
Management view: Global environment continues to see uneven growth and geopolitical-driven volatility, which could impact future performance
Monitor: LME zinc prices
Trigger: Capex exceeding ₹2,000 cr annually
Impact: -50 bps margin impact
Management view: Significant growth CapEx planned, which may impact free cash flow in the short term
Monitor: Quarterly capex spend
Key quotes from recent conference calls
“We reported highest ever third-quarter mined metal production since the underground transition and record third-quarter refined metal production — Arun Misra”
“We are in a net cash position of ₹329 crores — Sandeep Modi”
“Our market share in the domestic primary lead market is over 90% — Sandeep Modi”
“We revised the guidance in October to 680 tonnes plus or minus 10 tonnes for silver. We are on track to meet this guidance — Sandeep Modi”
Forward-looking targets from management for FY27-FY29
Implied PAT Growth
15%
Capex Plan
₹2500 Cr
Key Milestones
• Integrated zinc smelter by Q2 FY29
• RE power at 70% post-FY27
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Hindustan Zinc Ltd's latest quarterly results (Dec 2025) show
Hindustan Zinc Ltd's current PE ratio is 18.3x.
Hindustan Zinc Ltd's price-to-book ratio is 15.7x.
Hindustan Zinc Ltd's fundamental strength based on key financial ratios
Hindustan Zinc Ltd has a debt-to-equity ratio of N/A.
Hindustan Zinc Ltd's return ratios over recent years
Hindustan Zinc Ltd's operating cash flow is positive (FY2025).
Hindustan Zinc Ltd's current dividend yield is 5.69%.
Hindustan Zinc Ltd's shareholding pattern (Dec 2025)
Hindustan Zinc Ltd's promoter holding has remained stable recently.
Hindustan Zinc Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Hindustan Zinc Ltd has 3 key growth catalysts identified from recent earnings analysis
Hindustan Zinc Ltd has 2 key risks worth monitoring
In Q3 FY26, Hindustan Zinc Ltd's management highlighted
Hindustan Zinc Ltd's management has provided the following forward guidance for FY27-FY29
Based on quantitative research signals, here is why Hindustan Zinc Ltd may be worth studying
Hindustan Zinc Ltd investment thesis summary:
Hindustan Zinc Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
