NSE: HINDZINC | BSE: 500188

Mid-range Performer

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447.20 -3.15 (-0.70%)

37.63% Fall from 52W High

3.2M NSE+BSE Volume

NSE 02 Jul, 2025 3:31 PM (IST)

188,956.3

Market Cap

Market Leader

1.2

Beta 1Year

Very High Volatility

Hindustan Zinc Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HINDZINC, BSE:500188 Hindustan Zinc Ltd.

Hindustan Zinc Ltd.

24 Oct 2017

447.20

-0.70%

Hindustan Zinc - 2QFY18 Result Update

Hold: Hindustan Zinc Ltd.

Target

Reliance Securities

Hindustan Zinc (HZL) has delivered a decent performance in 2QFY18 aided by higher base metal prices. Its revenue surged by 52% YoY (+16% QoQ) to Rs53bn (vs. our estimate of Rs53.6bn), while EBITDA grew by 46% YoY (+27% QoQ) to Rs30.2bn (vs. our estimate of Rs29.6bn). Mined metal production rose by 14% YoY (-6% QoQ) to 219,000 tonne due to lower ore treatment. Inline with our estimate of 192,000 tonne, Zinc volume rose by 29% YoY (-1% QoQ), while Lead volume rose by 23% YoY (+9% QoQ) to 38,000 tonne. Notably, despite LME zinc prices (+31% YoY and +14% QoQ), its EBITDA registered relatively limited growth owing to higher input cost mainly coal and met coke. Adjusted PAT grew by 18.5% YoY (+20.1% QoQ) to Rs 22.54bn (vs. our estimate Rs22.6bn) owing to higher tax outgo and lesser other income. Going forward,...

Hindustan Zinc Ltd. is trading below its 30 day SMA of 468.8

Hindustan Zinc Ltd.

24 Oct 2017

447.20

-0.70%

Hindustan Zinc

Buy: Hindustan Zinc Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Hindustan Zinc reported a healthy set of Q2FY18 numbers. The EBITDA was broadly in line with our estimate. PAT came in higher than our estimate on account of exceptional gains HZL reported an operating income of | 5309 crore (up 50.6% YoY, 16% QoQ, broadly in line with our estimate of | 5442.5 crore). Zinc sales volume for the quarter were at ~193000 tonnes (up 30.4% YoY, 1.6% QoQ, broadly in line with our estimate of ~190000 tonnes). Lead...

Hindustan Zinc Ltd. is trading above its 100 day SMA of 442.6

Hindustan Zinc Ltd.

23 Oct 2017

447.20

-0.70%

Hindustan Zinc (2QFY18): Strong delivery continues. Downgrade to NEUTRAL

Neutral: Hindustan Zinc Ltd.

Recommendation

HDFC Securities

The stock, after a recent run-up, is fairly priced in our view (FY18/19 EV/ EBITDA of 10.1/8.6. Downgrade to NEU with an unchanged TP of Rs 340 (8x Sep-2019 EV/EBITDA). Hindustan Zinc Ltds (HZL) numbers came in marginally lower than estimates (EBITDA: Rs 30.2bn, 45.6/26.8% YoY/QoQ, est Rs 31.1bn). The improvement in EBITDA is driven by higher zinc prices (31.4/14.1% YoY/QoQ), partially offset by higher Zn cost of production (USD984/t, 21.6/1.1% YoY/QoQ). Silver (146T, 35.2/27.0% YoY/QoQ) also contributed significantly to the jump (18% of PBIT in 2QFY18).

Hindustan Zinc Ltd. has lost -31.91% in the last 1 Year

Hindustan Zinc Ltd.

23 Oct 2017

447.20

-0.70%

Hindustan Zinc: Strong performance as expected

Neutral: Hindustan Zinc Ltd.

Target

Motilal Oswal

Zinc market remains tight even as demand growth is modest on lag in supply response. Thus, the price outlook remains bullish. At zinc LME of USD3,400/t for FY19E, the stock is trading at 6.4x EV/EBITDA, leaving limited upside potential. Maintain Neutral with a TP of INR322/sh. based on 6.5x FY19E EV/EBITDA....

Number of FII/FPI investors increased from 269 to 280 in Mar 2025 qtr.

Hindustan Zinc Ltd.

04 Sep 2017

447.20

-0.70%

Hindustan Zinc (Update): Firming up the delivery roadmap. Upgrade to BUY

Buy: Hindustan Zinc Ltd.

Recommendation Target

HDFC Securities

Upgrade to BUY with a TP of Rs 340 (8.0x September 2019 EBITDA). We visited Hindustan Zinc (HZL) operations (Sindesar Khurd (SK) Mine and Dariba smelter) and interacted with the management for Vedanta Zinc Day. Our key takeaways of the visit are (1) SK mine on track to help deliver 1.2 mTPA by 2020; (2) Near doubling of silver production potential from ~500 T to 1,000T and (3) Strong R&R;/exploration inventory to fuel the next phase (1.5 mTPA), possibly with additional silver beyond 1000T.

Number of FII/FPI investors increased from 269 to 280 in Mar 2025 qtr.

Hindustan Zinc Ltd.

26 Jul 2017

447.20

-0.70%

Result Update - Hidustan Zinc

Hold: Hindustan Zinc Ltd.

Target

Axis Direct

Hindustan Zinc's (HZL) Q1FY18 EBITDA at Rs 24 bn (up 111% YoY) was lower than our and consensus estimates. The YoY improvement in performance was led primarily by (1) substantial ramp-up in production from Rampura Agucha open cast mine as per the mine plan; (2) higher LME prices; and (3) stron..

Motilal Oswal increased Neutral price target of Hindustan Zinc Ltd. to 480.0 on 17 Jun, 2025.

Hindustan Zinc Ltd.

21 Jul 2017

447.20

-0.70%

Hindustan Zinc (1QFY18): An uneventful quarter. Maintain NEUTRAL

Neutral: Hindustan Zinc Ltd.

Target

HDFC Securities

We remain constructive, except for valuations (9.2/7.7x FY18/19 EBITDA). Maintain NEU with a TP of Rs 270 (7x June-2019 EV/EBITDA). Hindustan Zinc Ltds (HZL) numbers came in marginally lower than estimates (EBITDA: Rs 23.8bn, 2.1x YoY, -36.0% QoQ, est Rs 25.3bn). Zinc cost of production increased to USD973/t (vs run-rate of USD800), led by higher coal prices driving the miss. HZL changed its depreciation policy to WDV, and the resulting lower depreciation drove the earnings beat (Rs 18.7bn, 80.8% YoY, 381% QoQ).

Hindustan Zinc Ltd. is trading below its 30 day SMA of 468.8

Hindustan Zinc Ltd.

21 Jul 2017

447.20

-0.70%

Hindustan Zinc

Buy: Hindustan Zinc Ltd.

Target

ICICI Securities Limited

The company reported a gross operating income of | 5013 crore. After adjusting for excise duty, net operating income came in at | 4576 crore (up 80.8% YoY, down 26.9% QoQ against our estimate of | 4850.5 crore). Zinc sales volume for the quarter came in at ~190000 tonnes (up 58.3% YoY, down 12.4% QoQ, lower than our estimate of ~207000 tonnes). Lead sales volumes came in at ~34000 tonnes (up 47.8% YoY, down 27.7% QoQ, higher than our estimate of 33500 tonnes). Silver sales volumes came in at ~110000 kg (up 25% YoY,...

Hindustan Zinc Ltd. is trading above its 100 day SMA of 442.6

Is Hindustan Zinc Ltd. worth buying?

1624 Votes:

Buy 73.95%

Sell 12.93%

Hold 13.12%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Neutral SEE REPORTS >

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