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Hindustan Zinc Ltd share Price Today

Company details

660.00
714.80
284.60
807.70
6M Return 122.35%
1Y Return 117.31%
Mkt Cap.(Cr) 281,617.51
Volume 2,466,965
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 2,466,965

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Hindustan Zinc announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations during the quarter was Rs 7,549 crore, up 3% QoQ on account of better zinc volumes, partly offset by lower lead & silver volumes and lower metal prices.
  • Zinc cost of production before royalty (COP) for the quarter stood at USD 1,051 (Rs 87,284) per MT, lower by 4% QoQ and 13% YoY in both US$ and Rs terms.
  • EBITDA for the quarter was Rs 3,637 crore, up 2% QoQ and down 14% YoY in line with the revenue from operations and cost.
  • Net profit for the quarter stood at Rs 2,038 crore, marginally up sequentially and down 21% YoY.

FY24 Financial Highlights:

  • Revenue from operations for the full year stood at Rs 28,932 crore, down 15% YoY on account of lower zinc prices and volumes, and strategic hedging impact in base period partly offset by better silver & lead volumes and prices, and favourable exchange rates.
  • Zinc COP for the full year was USD 1,117 (INR 92,470) per MT, down by 11% YoY (8% lower in Rs terms).
  • For FY24, EBITDA was Rs 13,677 crore, down 22% YoY, mainly on account of lower revenue partly offset by cost improvement.
  • FY24 net profit was at Rs 7,759 crore, down 26% YoY, primarily on account of lower EBITDA partly offset by lower tax expense.
  • Total Reserves & Resources (R&R) as on March 31, 2024 stood at 456.3 million tonnes containing metal of 30.8 million tonnes (net of production of 1.1 million tonnes in FY24).
  • Total ore reserves stand at 175.1 million tonnes (net of production of 16.5 million tonnes in FY24) at the end of FY24 (173.5 million tonnes at the end of FY23) led by continued focus on resource to reserve conversion during the year.

Commenting on the results, Arun Misra, CEO said, "FY 2023-24 has been a year of solid growth for HZL, with mined metal, refined metal, and silver recording its highest historic production levels, supported by a backdrop of fatality-free operations. As part of our strategy, it was driven by our increased focus on silver & metal production and cost optimisation. The company withstood the market headwinds during the year, ensuring the preservation of margins and shareholder value. Fueled by our robust silver maximisation strategy, I am thrilled to announce that HZL has now become the 3rd largest silver producer globally. Additionally, during the quarter, HZL also incorporated ‘Hindmetal Exploration Services Private Limited’, as a wholly owned subsidiary, with an objective to explore, discover, develop and tap mineral resources aligning with the national focus and vision.

Our commitment on the sustainability efforts remains robust. I am happy to share that our renewable energy (RE) power delivery agreement of 450 MW is advancing well and the first flow of RE power is now preponed and expected to begin in April’24, contributing to our journey towards achieving net zero targets. Our company has been awarded the CII National HR Excellence Award underscoring our exemplary people practices. With the full implementation of commissioned projects, HZL is poised for another exceptional year ahead.”

Commenting on the results, Mr. Sandeep Modi, CFO, said, “Despite the plunging metal prices, HZL has consistently sustained its margin at a steady 47% by recording its fifth consecutive quarter of sustained cost reduction, clocking the lowest cost in last 3 years. This demonstrates the effectiveness of our agile decision-making strategy, with instances such as maximization of silver production leveraging the soaring silver prices, power plant modifications ensuring better linkage coal consumption thereby lowering the power costs along with operational & commercial efficiencies. I firmly believe that the challenges encountered throughout the year have strengthened our resilience and fortitude, propelling us to strive for even greater performance in the upcoming year towards our aspired annual targets and strong balance sheet.” 

Result PDF

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Hindustan Zinc Ltd shares SWOT Analysis

Strengths (4)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Increasing Revenue every quarter for the past 2 quarters
  • Increasing profits every quarter for the past 2 quarters

Weakness (4)

  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Companies with High Promoter Pledge

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 700.9
R2 735.2
R3 755.7
Pivot

680.43

S1 646.1
S2 625.6
S3 591.3
EMA SMA
620.6
506.4
429.8
377.4
606.3
458.5
385.6
348.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SEB ASIENFOND EX JAPAN Block Purchase 2024-03-07 307.55 327175 NSE
SEB FUND 3 SEB PENSION FUND Block Sell 2024-03-07 307.55 327175 NSE
POWERSHARES INDIA PORTFOLIO Block Purchase 2019-03-22 277.05 990176 NSE
Name Category Shares
VEDANTA LIMITED PROMOTER 64.92%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 Apr 2021
Entry Price 308.00
Target Price 340.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Hindustan Zinc Ltd Stocks COMPARISON

Financials( in Cr) Hindustan Zinc Ltd Hindalco Industries Ltd National Aluminium Company Ltd Hindustan Copper Ltd Gravita India Ltd
Price 666.50 695.15 189.50 354.40 1,077.95
% Change -6.36 -1.44 -2.70 -6.01 -4.25
Mcap Cr 281,617.51 156,215.29 34,804.18 34,271.33 7,441.95
Revenue TTM Cr 34,098.00 223,202.00 14,254.86 1,677.33 2,800.60
Net Profit TTM Cr 10,511.00 10,097.00 1,434.66 295.32 204.09
PE TTM 38.77 15.63 21.12 123.62 32.45
1 Year Return 117.31 65.55 120.22 225.44 86.80
ROCE 48.50 10.72 13.68 17.79 31.03
ROE 44.53 11.67 11.17 14.79 41.83
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 12,932.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,469.26 -24,464.28
LAST 3M 116,698.09 -35,490.78
LAST 6M 175,524.06 28,431.26
LAST 12M 275,292.86 119,606.76
Hindustan Zinc Limited - Other General Purpose

May 27, 2024 l NSE Announcement

Hindustan Zinc Limited - Updates

May 23, 2024 l NSE Announcement

Date Action Type Ratio
May 15, 2024 Dividend 500
Dec 14, 2023 Dividend 300
Jul 14, 2023 Dividend 350

Hindustan Zinc Ltd Information

Stock PE (TTM)
38.77
Promoter Holding
64.92%
Book Value
35.9619
ROCE
48.5%
ROE
44.53%
Description
  • Headquartered in Udaipur, Rajasthan, Hindustan Zinc Limited is a recognised name in the industry of integrated mining, milling and smelting in India. Because of its market capitalization of Rs 1,31,492 crores, it is categorised as a large-cap company. The company was incorporated in the year 1966 as a PSU. Some of the key people in the Hindustan are Mrs Kiran Agrawal, Mr Navin Agrawal, and Mr Arun Mishra. The company's financial records disclosed a net profit of Rs. 7,980 crores as of the financial year 2020-2021. The shares of this company are traded under the script name HINDZINC on both the stock exchanges (NSE & BSE).

    The company deals in two segments, namely wind energy and zinc, silver, lead & others. The company has five zinc mines, one zinc smelter, four zinc smelters, and so on. The company's wind power plants are located in Rajasthan, Maharashtra, Gujarat, Tamil Nadu, and Karnataka. It also has one solar power plant in Rajasthan. 

    The price-to-equity (PE) ratio of 16.64 for Hindustan Zinc indicates that the company is not overvalued. This company's Price-to-Book (PB) ratio is 4.07. Not only has the company's market capitalisation increased over the last five years, but its revenue has also increased at an annual rate of 7.61%. In the last three quarters of the financial year 2021-22, Hindustan Zinc reported a PBT of Rs. 3,023 crores, Rs. 2,862 crores, and Rs. 3,858 crores, respectively.  When the company's balance sheet was analyzed, it was found that its average debt-to-equity ratio for the previous five years was lower than the industry average. Total liabilities for the last four financial years were Rs. 7,000 crores, Rs. 8,853 crores, Rs. 6,665 crores, and Rs. 13,414 crores. For the financial year 2021, the company earned Rs. 18.89 per share. For the same period, the dividend per share was Rs. 21.30.

    On 31st March 2022, Hindustan Zinc share price on NSE made an intraday low and high of Rs. 308.20 and Rs. 314.30, respectively. Whereas; Hind Zinc share made a 52 week low and high of Rs 257 and Rs 408.60, respectively. On the stock exchange, the Hindustan Zinc share is competing with its industry peers under the likes of Gujarat Mineral Development Corporation Ltd.,  Sandur Manganese and Iron Ore Ltd., Orissa Minerals Development Co. Ltd., South West Pinnacle Exploration, and  Deccan Gold Mines Ltd.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Yashad Bhawan, , Udaipur, Rajasthan, 313004

Tel : 91-294-2420813-15/2525621/2529181-5
Email : rajendra.pandwal:vedanta.co.in
Website : http://www.vedantaresources.com; www.hzlindia.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500188
NSE Code : HINDZINC
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE267A01025

FAQ’s on Hindustan Zinc Ltd Shares

You can buy Hindustan Zinc Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hindustan Zinc Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 03:59 PM the closing price of Hindustan Zinc Ltd was Rs.666.50.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 03:59 PM, the market cap of Hindustan Zinc Ltd stood at Rs. 281,617.51.

The latest PE ratio of Hindustan Zinc Ltd as of May 30, 2024 03:59 PM is 38.77

The latest PB ratio of Hindustan Zinc Ltd as of May 30, 2024 03:59 PM is 0.05

The 52-week high of Hindustan Zinc Ltd share price is Rs. 807.70 while the 52-week low is Rs. 284.60

According to analyst recommendations, Hindustan Zinc Ltd Share has a "Buy" rating for the long term.

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