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Hindustan Zinc share price & results

Hindustan Zinc· Metals & Mining· Commodities

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

World's largest integrated zinc producer, mining and smelting zinc, lead and silver in Rajasthan.

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Inve AI Signals on HINDZINC
Direct bridge to live research & tools watching Hindustan Zinc
Guidance Hit Rate
18 targets · 40% hit rate 2 achieved · 13 active →
Segment Shift
3 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹505.8 −2.07% · −₹10.7

Last close 30 Oct 2026 · NSE · INR · Source: Inve

Performance +4.6% 1Y

₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 19 Jan 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 24 Jul 2026Q2 FY27 — 19 Oct 2026

1Y: ₹483.6 on 29 Oct 2025 → ₹505.8. High ₹727.2 (27 Jan 2026), low ₹454 (24 Nov 2025).

Previous close
₹516.5
Market cap
₹2.1L Cr
52-week range
₹454 – ₹727.2
One year
+5.90%
Price to earnings (TTM to Sept 2026)
10.10×
Return on equity (TTM to Sept 2026)
69.45%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue15,093 ₹ crore+76.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin61.0 %+9.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit6,412 ₹ crore+142.1% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity69.45 %+3.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin28.76 %−1.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)56.86 %+2.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

3 operating segments · As of 30 Jun 2026

Zinc,Lead and Others 70.2% · ₹9,146.00 Cr
Silver Metal 29.5% · ₹3,839.00 Cr −2.3pp mix
Wind Energy 0.4% · ₹48.00 Cr +0.2pp mix

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

2 of 5 judged targets kept · 13 open · verdicts reflect calls analysed to Q2 FY27.

Hindustan Zinc management guidance track record on Inve: 18 targets tracked across analysed earnings calls (2 achieved, 3 missed, 13 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Capex & Expansion (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth FY26 Zinc COP (ex-royalty)$1,025 to $1,050 per ton
Call transcript, Q4 FY25 · 25 Apr 2025		Q4 FY25Q2 FY27:Promise fulfilled and closed in FY26.
Call transcript, Q2 FY27 · 19 Oct 2026		Achieved
Growth FY26 Silver Production700 tons to 710 tons
Call transcript, Q4 FY25 · 25 Apr 2025		Q4 FY25Q2 FY27:Promise deadline passed; target was missed.
Call transcript, Q2 FY27 · 19 Oct 2026		Missed
Capex 2x Capacity Expansion (First Phase / Smelter)1.2 to 1.45 MT by FY27-28
Call transcript, Q3 FY25 · 28 Jan 2025		Q3 FY25Q2 FY27:Progress noted on a component (250 KTPA zinc expansion), but the overall timeline for the larger goal remains delayed to ~Q3 FY30.
Call transcript, Q2 FY27 · 19 Oct 2026		Delayed

Source: Inve Guidance Tracker for Hindustan Zinc · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Hindustan Zinc's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Hindustan Zinc

  • Hindustan Zinc acquires or invests in Rare Earth Elements and Yttrium block in Gundlupet, Karnataka.

    Q1 FY27 · announced · positive

    Advancing diversification journey and reinforcing commitment to supporting India's critical mineral mission.

    “During the quarter, we also achieved a significant milestone in our diversification journey by securing a mining lease of a rare earth elements and Yttrium block in Gundlupet, Karnataka, further advancing our ambition of becoming a diversified multimetal enterprise and reinforcing our commitment to supporting India's critical mineral mission.”

  • Hindustan Zinc acquires or invests in Potash, Rare Earth Element, Tungsten mineral blocks.

    Q1 FY26 · announced · positive

    Advancing vision to become a multi-metal enterprise and a leader in India's strategic mineral ecosystem, aligning with country's goal for critical mineral security.

    “I am happy to share that we have secured LOI for all the three new critical mineral blocks, Potash in Rajasthan with 1,841 hectare block size, Rare Earth Element in Uttar Pradesh with 201 hectare block size, and Tungsten in Andhra Pradesh with 308 hectare block size... First, we have to do the exploration itself. There is not much of a data of a proven reserve there... So, we are not yet ready with the business case.”

Similar headwinds reported by sector peers

  • raw material costs · Q2 FY27

    4 other companies · raw material cost

    Jindal Steel Limited (JINDALSTEL) reported: PAT fell to ₹771 crores from ₹844 crores. Management attributes this to raw material and operating costs and the monsoon, and expects other expenses to normalise in Q3.

    Jindal Stainless Limited (JSL) reported: Rising crude and fuel inputs create near-term cost lag, though JSL has transitioned partially to natural gas to reduce operational vulnerability.

    SG Mart Limited (SGMART) reported: Steel prices increased 25%-30% over the last 6-7 months following Middle East tensions, impacting end-customer buying decisions.

    Gravita India Limited (GRAVITA) reported: Management concedes US battery scrap is costlier than African scrap but says own yards will add 2-3% margin and still meet ROCE targets.

  • weather or labor disruption · Q2 FY27

    3 other companies · labor execution

    JSW Steel (JSWSTEEL) reported: Monsoon disruptions and a 20-25 day rail derailment at NMDC Chhattisgarh mines tightened domestic iron ore availability, keeping prices temporarily elevated.

    Jindal Steel Limited (JINDALSTEL) reported: OMC mines were flooded, and an NMDC rail landslide took 27 days to clear. The company had to buy pellets from the market. Management says this is resolved.

    S A I L (SAIL) reported: Unprecedented rains in Jharkhand and Odisha raised the coke rate and hurt blast furnace productivity in Q2; management says October has improved

  • freight and shipping · Q2 FY27

    2 other companies · logistics supply chain

    Jindal Steel Limited (JINDALSTEL) reported: There were natural gas and propane shortages. Diesel impact is about $4-5/t, and ocean freight pushed other expenses up 13% QoQ. The coal syngas switch reduced the impact.

    SG Mart Limited (SGMART) reported: Ocean freight rates have surged significantly, curbing international steel trade flows and impacting export-oriented clients.

  • regulatory compliance · Q2 FY27

    1 other company · regulatory policy

    Jindal Steel Limited (JINDALSTEL) reported: Imported DRI equipment was delayed by shipping. Roida awaits forest right-of-way, and Utkal B2 awaits government clearances, with no firm date.

  • raw material costs · Q1 FY27

    9 other companies · raw material cost

    Hindalco Industries Limited (HINDALCO) reported: Inflation is expected to rise 5% in FY27 from 2.1% in FY26, with upside risk from global commodity price shocks, monsoon, and El Nino conditions.

    Jindal Steel Limited (JINDALSTEL) reported: Coking coal costs are expected to increase by $12-15 per ton, and other input costs like oil and iron ore are largely uncontrollable, posing a challenge to cost management.

    Lloyds Metals And Energy Limited (LLOYDSME) reported: Management acknowledges the cyclical nature of commodity prices but aims to protect realizations by optimizing geographical placement and increasing value-added product mix.

    National Aluminium Company Limited (NATIONALUM) reported: Caustic soda, CP coke, and HFO prices have increased, leading to a INR 15,000-16,000 per ton rise in metal production costs, though partially offset by higher alumina realizations.

Mentions over time

Recorded disclosures by calendar reporting quarter
PeriodOther callsOwn calls
Q2 202601
Q2 202501

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

HINDZINC ₹505.8 −2.07%
Guidance Verdict (18 tracked) 2 kept · 13 open· 3 missed
AI Call Brief · Q2 FY27

Hindustan Zinc Q2 FY27

Overview

Symbol
NSE:HINDZINC
Industry
Commodities
Exchange
NSE
Currency
INR

What Hindustan Zinc does

Based on the company's own presentations, annual report and earnings calls.

Hindustan Zinc is India's only integrated producer of zinc and lead and its only integrated, listed silver company, running fully integrated underground mines and smelting complexes in Rajasthan. It earns by mining zinc-lead ore and refining it into zinc, lead, silver and zinc alloy sold to domestic and export customers, holding roughly 77% of India's primary zinc market. A subsidiary of Vedanta Limited, it also operates captive and renewable power and is diversifying into other critical minerals such as potash, tungsten and rare earths.

Segments

  • Zinc
  • Lead
  • Silver
Global position
World's largest integrated zinc producer
Zinc reserves & resources
World's 2nd largest
India primary zinc market share
~77%
India market position
Only integrated zinc & lead producer; only primary zinc-alloy and integrated listed silver company
Silver production rank
Among top 5 silver producers globally
Rampura Agucha mine
World's largest underground zinc mining operation
Founded 1966Headquarters Udaipur, Rajasthan Company website

How the price took the results

Moved an average of ±1.2% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY2719 Oct 2615,093 6,412+76.5%₹540 → ₹538.4−0.3%
Q1 FY2724 Jul 2613,747 5,469+76.9%₹531.15 → ₹531.95+0.2%
Q4 FY2624 Apr 2613,544 5,033+49.0%₹592.1 → ₹588.5−0.6%
Q3 FY2619 Jan 2610,980 3,916+27.5%₹637.75 → ₹660.4+3.6%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Other Metals & Mining companies

PEER COMPARISON
Median ₹2.0L Cr Mkt Cap
₹0 Cr₹2.0L Cr₹4.0L Cr₹6.0L CrHindustan Zinc (HINDZINC): ₹2.1L Cr₹2.1L CrHINDZINCAdani Enterprises Limited (ADANIENT): ₹3.5L Cr₹3.5L CrADANIENTJSW Steel (JSWSTEEL): ₹3.1L Cr₹3.1L CrJSWSTEELTata Steel (TATASTEEL): ₹2.1L Cr₹2.1L CrTATASTEELHindalco Industries Limited (HINDALCO): ₹2.0L Cr₹2.0L CrHINDALCOVAML (VAML): ₹1.4L Cr₹1.4L CrVAMLJindal Steel Limited (JINDALSTEL): ₹1.1L Cr₹1.1L CrJINDALSTELLloyds Metals And Energy Limited (LLOYDSME): ₹1.0L Cr₹1.0L CrLLOYDSMEVedanta (VEDL): ₹93,028 Cr₹93,028 CrVEDL

All Metals & Mining companies → · Metals & Mining earnings growth →

Quick Answers

Frequently asked questions on Hindustan Zinc

Compiled directly from HINDZINC's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Hindustan Zinc (HINDZINC) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Hindustan Zinc reported revenue of ₹15.1k Cr, net profit of ₹6.4k Cr, an operating margin of 61.0%. Diluted earnings per share stood at ₹15.18.

How is Hindustan Zinc (HINDZINC) valued today, and what growth does the stock price imply?

Hindustan Zinc (HINDZINC) trades at ₹505.8, with a market capitalization of ₹210.3k Cr.

Who owns Hindustan Zinc (HINDZINC) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 60.7%, FIIs hold 2.4%, DIIs hold 4.8%, Public shareholders hold 4.2%.

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