Hindustan Zinc Limited (HZL) stands as a prominent force in India’s mining and resource production industry, specializing in zinc, lead, silver, and cadmium. With over five decades of experience in zinc-lead mining and smelting, HZL has earned a prestigious position as the world’s second-largest zinc producer. The company’s commitment to sustainability and responsible practices was underscored in 2019 when it clinched the top spot in the Metals and Mining Category in the Dow Jones Sustainability Index for the Asia Pacific region. As a subsidiary of Vedanta Limited, which holds a 64.9% stake, with the remaining 29.5% owned by the Government of India, HZL is not only a global leader in its field but also a symbol of India’s integrated production of Zinc, Lead, and Silver.
This article will provide a comprehensive overview of Hindustan Zinc Limited (HZL), covering its history, global mining significance, sustainability practices, ownership structure, and contributions to India’s resource production.
About Hindustan Zinc
With a market capitalization of ₹ 1,30,309 Crores, Hindustan Zinc Limited (HZL) stands as a formidable player in the mining and resources sector.
Incorporated in 1966, HZL has a rich history spanning over five decades in zinc-lead mining and smelting. As the sole integrated producer of Zinc, Lead, and Silver in India, the company commands a dominant position, holding approximately 80% of the market share in the country’s primary zinc mining industry. Internationally, HZL is highly recognized, serving as India’s largest zinc-lead miner, the second-largest zinc-lead smelter, and the sixth-largest silver producer. A significant portion of its turnover, around 25%, is generated from exports.
Notably, HZL transitioned from a Central Public Sector Undertaking to private ownership in 2003 when the Government of India sold it to Vedanta Limited during the tenure of Atal Bihari Vajpayee and the Bharatiya Janata Party Government. Today, its substantial market capitalization underscores its pivotal role in the mining and smelting industry, both in India and on the global stage.
Below are the trading platforms that you can use to purchase HZL shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 329.40 | 286.43 |
| February 2024 | 336.12 | 292.28 |
| March 2024 | 342.98 | 298.25 |
| April 2024 | 332.99 | 289.56 |
| May 2024 | 328.07 | 285.28 |
| June 2024 | 339.88 | 295.55 |
| July 2024 | 336.48 | 292.59 |
| August 2024 | 349.94 | 304.30 |
| September 2024 | 363.94 | 316.47 |
| October 2024 | 356.80 | 310.26 |
| November 2024 | 367.51 | 319.57 |
| December 2024 | 376.70 | 327.56 |
In January 2024, the maximum price for the given data was 329.40, while the minimum price was 286.43. Moving to February, the maximum and minimum prices increased to 336.12 and 292.28, respectively. March 2024 saw a further uptick, reaching 342.98 for the maximum price and 298.25 for the minimum. April witnessed a slight dip with a maximum of 332.99 and a minimum of 289.56.
May 2024 experienced a decrease in both maximum and minimum prices, reaching 328.07 and 285.28, respectively. June, however, marked a rebound with a maximum of 339.88 and a minimum of 295.55. July’s figures stood at 336.48 for the maximum and 292.59 for the minimum.
August 2024 demonstrated a significant increase, reaching a maximum of 349.94 and a minimum of 304.30. September followed suit, with the maximum price hitting 363.94 and the minimum at 316.47. October saw a slight decrease, with a maximum of 356.80 and a minimum of 310.26.
In November 2024, the trend reversed as both the maximum and minimum prices rose to 367.51 and 319.57, respectively. The year concluded with December 2024 recording a maximum price of 376.70 and a minimum of 327.56. These fluctuations throughout the year showcase the dynamic nature of the market during 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹409.73 | ₹315.17 |
| February 2025 | ₹420.23 | ₹323.25 |
| March 2025 | ₹436.62 | ₹335.86 |
| April 2025 | ₹428.06 | ₹329.28 |
| May 2025 | ₹415.59 | ₹319.69 |
| June 2025 | ₹434.29 | ₹334.07 |
| July 2025 | ₹425.78 | ₹327.52 |
| August 2025 | ₹438.95 | ₹337.65 |
| September 2025 | ₹454.31 | ₹349.47 |
| October 2025 | ₹466.12 | ₹358.55 |
| November 2025 | ₹477.77 | ₹367.52 |
| December 2025 | ₹489.72 | ₹376.71 |
Hindustan Zinc (HZL) is poised for a promising year ahead, with share price targets for 2025 indicating a positive outlook.
Starting in January, the share price is anticipated to range from a maximum of ₹409.73 to a minimum of ₹315.17. As we progress through the year, the projections show a consistent upward trend, culminating in December with a maximum target of ₹489.72 and a minimum of ₹376.71. These forecasts paint a picture of growing confidence in HZL’s performance, subject to market conditions and industry dynamics.
Additionally, the company boasts a commendable return on equity (ROE) track record, with a 3-year ROE of 29.8%, underlining its ability to generate strong returns for its shareholders.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹514.20 | ₹359.94 |
| 2027 | ₹565.62 | ₹395.94 |
| 2028 | ₹791.87 | ₹395.94 |
| 2029 | ₹685.60 | ₹342.80 |
| 2030 | ₹891.29 | ₹623.90 |
Hindustan Zinc (HZL) is on a trajectory of growth and promise, as reflected in the share price targets spanning from 2026 to 2030. The projections indicate an upward trend, with expectations of robust performance. In 2026, the share price is predicted to range from a maximum of ₹514.20 to a minimum of ₹359.94, showcasing a favorable outlook for the company. As we move forward, the price targets become increasingly promising. In 2030, the anticipated share price ranges from a substantial maximum of ₹891.29 to a minimum of ₹623.90.
Furthermore, HZL demonstrates its commitment to rewarding shareholders through a healthy dividend payout, with a notable figure of 165%. This underlines the company’s dedication to not only achieving capital appreciation but also providing investors with consistent returns through dividends.
Hindustan Zinc Financial Condition: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 21,118 | 18,561 | 22,629 | 29,440 | 34,098 |
| Expenses (Rs. Crores) | 10,448 | 9,691 | 10,957 | 13,214 | 16,577 |
| Operating Profit (Rs. Crores) | 12,270 | 10,670 | 11,672 | 16,226 | 17,521 |
| Other Income (Rs. Crores) | 1,956 | 1,782 | 1,911 | 1,819 | 1,082 |
| Interest (Rs. Crores) | 113 | 112 | 386 | 290 | 333 |
| Depreciation (Rs. Crores) | 1,883 | 2,279 | 2,531 | 2,917 | 3,264 |
| Profit before Tax (Rs. Crores) | 12,497 | 10,456 | 8,390 | 10,574 | 14,101 |
| Tax % | 24% | 19% | 25% | 32% | 31% |
| Net Profit (Rs. Crores) | 9,276 | 7,956 | 6,805 | 7,980 | 9,630 |
| EPS (Rs.) | 21.95 | 18.83 | 16.11 | 18.89 | 22.79 |
| Dividend Payout % | 106% | 102% | 113% | 79% | 303% |
Over the last five years, Hindustan Zinc has demonstrated significant financial growth and resilience. Sales in 2019 amounted to ₹21,118 crores, and by 2023, they had soared to ₹34,098 crores, representing substantial revenue expansion. Operating profit has consistently increased, from ₹12,270 crores in 2019 to ₹17,521 crores in 2023, reflecting the company’s efficiency and profitability.
Despite facing challenges, such as rising expenses and interest costs, the company has managed to maintain a healthy growth trajectory. Net profit has steadily climbed from ₹9,276 crores in 2019 to ₹9,630 crores in 2023, highlighting the company’s ability to generate sustainable earnings. The dividend payout percentage witnessed fluctuations, reaching an impressive 303% in 2023, signifying its commitment to rewarding shareholders.
With a rising EPS and a tax rate that has been fairly stable, Hindustan Zinc’s financial condition over the last five years portrays a story of growth, resilience, and a commitment to delivering value to its investors.
FAQs
What is Hindustan Zinc’s current market capitalization?
As of the latest available data, Hindustan Zinc boasts a market capitalization of ₹ 1,30,309 Crores, reflecting its significant presence in the industry.
What is the current share price target for Hindustan Zinc?
Currently, Hindustan Zinc’s share price stands at ₹308, showcasing its position in the market.
What is the 2025 share price target for Hindustan Zinc?
The 2025 share price target for Hindustan Zinc is projected to reach ₹409.73, with a minimum price of ₹315.17, reflecting growth potential.
What is the 2030 share price target for Hindustan Zinc?
Looking ahead to 2030, Hindustan Zinc’s share price target is ambitious at ₹891.29, with a minimum of ₹623.90, indicating long-term optimism.
What is the current PE (Price-to-Earnings) ratio for Hindustan Zinc?
The calculated PE ratio for Hindustan Zinc is approximately 15.4. This suggests that investors are willing to pay 15.4 times the company’s earnings for each share, indicating its relative valuation in the market.
How has Hindustan Zinc’s revenue trended over the past five years?
Over the last five years, Hindustan Zinc has consistently expanded its revenue, reaching ₹34,098 Crores in 2023, reflecting its strong growth trajectory.
What is the historical trend of Hindustan Zinc’s net profit?
Hindustan Zinc’s net profit has steadily risen from ₹9,276 Crores in 2019 to ₹9,630 Crores in 2023, showcasing its consistent profitability.
What is the company’s strategy for dividend distribution to shareholders?
Hindustan Zinc has consistently maintained a dividend payout percentage, which reached an impressive 303% in 2023, underscoring its dedication to rewarding investors.
What is Hindustan Zinc’s position in India’s primary zinc mining industry?
Hindustan Zinc holds a dominant market position in India’s primary zinc mining industry, with an approximate 80% market share, reflecting its industry leadership.
Conclusion: Hindustan Zinc’s Stalwart Presence and Promising Future
In conclusion, Hindustan Zinc Limited (HZL) presents a compelling investment opportunity. As a major player in the mining and resources industry, specializing in zinc, lead, and silver, HZL has a strong track record and is the world’s second-largest zinc producer. With a market capitalization of ₹ 1,30,309 Crores, it holds a dominant position in India’s primary zinc mining industry.
Over the last five years, HZL has demonstrated consistent growth and profitability, making it a reliable choice for investors. Notably, the company maintains a healthy dividend payout, providing an attractive proposition for those seeking both capital appreciation and regular income.
Looking into the future, HZL’s share price targets for 2023 to 2030 indicate promising returns. The anticipated growth in share prices and a commitment to rewarding shareholders through dividends make HZL a strong contender in the investment landscape. Therefore, if you are considering investments in the mining and resources sector, HZL is well-positioned to deliver value and returns in the long run.
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