Hindustan Zinc logo

Hindustan Zinc share price

NSE: HINDZINCBSE: 500188Non - Ferrous MetalsLarge Cap

Hindustan Zinc Limited · Face value ₹2 · Listed Oct 1992 on BSE, Nov 2006 on NSE
Last close ₹492.50down ₹4.50 (0.91%)BSE ₹492.50

Share price at the NSE close on 27 Oct 2026. Previous close ₹497.00.

27 Oct: open ₹498.00, high ₹505.35, low ₹492.50

52-week range of traded prices to 27 Oct 2026
₹453.50Low, 24 Nov 2025₹733.00High, 27 Jan 2026
Market cap
₹2,08,097 Cr35th largest listed
P/E
9.99
P/B
6.94
Dividend yield
2.23%
ROE
95.4%
ROCE
75.2%
Debt to equity
0.21
Volume, NSE
56,00,26865.3% delivered

Hindustan Zinc share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+2.1%over a year · Nifty Metal +12.8% · Nifty 500 −8.8%

Results20-session average 34,96,369 shares a day, 44.9% delivered

About Hindustan Zinc

Hindustan Zinc Limited explores for, mines and processes zinc, lead and silver ore, mainly in Rajasthan, and makes refined metals and alloys.12 Its refined zinc goes into galvanising (a zinc coating that protects steel from rust), die castings and alloys, its lead into batteries and pigments, and its silver, recovered while processing lead, into industrial uses and jewellery.3

Its mines include Rampura Agucha, Zawar, Kayad, Rajpura Dariba and Sindesar Khurd, its smelters are at Chanderiya, Dariba and Debari, and it has a metal plant at Pantnagar in Uttarakhand.452 It also has a rock-phosphate mine near Udaipur and wind power plants in Rajasthan, Gujarat, Karnataka, Tamil Nadu and Maharashtra.2 It reports its results in a zinc, lead, silver and others segment and a wind energy segment.1 Its wholly owned subsidiaries include Hindustan Zinc Alloys, Hindustan Zinc Fertilisers and Hindmetal Exploration Services.6

It was incorporated on 10 Jan 1966, and its registered office is in Udaipur.7 In the year to Mar 2026 it became the first Indian company to join the International Council on Mining and Metals (ICMM), a global mining industry body.8 Vedanta Limited, which is in turn held by Vedanta Incorporated, owns a majority of the company: 60.71% of its equity at 31 Mar 2026, against 63.42% a year earlier; the Government of India held 27.92% at 30 Sep 2026.79 Priya Agarwal Hebbar is the Chairperson.10 Its annual report for the year to Mar 2026 puts the workforce at more than 27,000.10

Hindustan Zinc key points

Results

  • In the quarter to Sep 2026, consolidated revenue from operations was ₹15,093 crore, up 77% from a year earlier, EBITDA ₹9,285 crore, up 108%, and net profit ₹6,412 crore, up 142%. EBITDA is profit before interest, tax, depreciation and amortisation.1112
  • In the half year to Sep 2026, consolidated revenue from operations was ₹28,840 crore, up 77%, EBITDA ₹17,359 crore, up 108%, and net profit ₹11,881 crore, up 143%. Silver contributed about 45% of profitability.1312
  • In the year to Mar 2026, consolidated revenue from operations was ₹40,844 crore, up 20%, EBITDA ₹22,162 crore, up 27%, and net profit ₹13,832 crore, up 34%.1415
  • At the end of Sep 2026, gross investments and cash were ₹17,439 crore and total borrowings ₹6,171 crore.16

Market position

  • The company puts its share of India's primary zinc market at about 74% and of primary lead at about 92%, based on the year to Mar 2026 (primary metal is made from mined ore, not from recycled scrap).17
  • The company says it is India's only integrated (mining and smelting) producer of zinc and lead and India's only integrated, listed primary silver company, and that it holds the world's 2nd largest zinc and lead reserves and resources (metal identified in the ground).18

Where the metal is sold

  • Refined metal sales in kilotonnes (kt), year to Mar 202619
    Itemyear to Mar 2026year to Mar 2025
    Zinc, India600603
    Zinc, exports251225
    Lead, India151–
    Lead, exports46–
    Silver sales of 627 tonnes were almost all in India.
  • Exports of metal were 21.15% of the company's turnover in the year to Mar 2026, and all its sales, exports included, are managed from offices in India.2021

Plants and capacity

  • Hindustan Zinc has refined metal capacity of 1.144 million tonnes a year and 653.80 MW of captive power plants (plants it owns to supply its own operations).22
  • In the half year to Sep 2026 Hindustan Zinc produced 539 kt of mined metal, up 3% from a year earlier, 524 kt of refined metal, up 6%, and 321 tonnes of silver, up 10%.23
  • At Mar 2026, ore reserves and resources were a record 468.6 million tonnes, with metal reserves of 13.9 million tonnes and silver reserves of 10.9 kt, enough for over 25 years of mining, the company says.24
  • Zinc cost of production excluding royalty (the payment to the government on minerals mined) was $703 a tonne in the quarter to Sep 2026, 29% lower than a year earlier.25

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it expects growth capital spending of ₹40,000 to 50,000 crore over the next 5 years to take refined metal capacity to 2.0 million tonnes a year.26
  • In its presentation of 19 Oct 2026, the company said its integrated zinc smelter at Debari, adding 250 kt a year at an approved investment of about ₹12,000 crore, would raise refined metal capacity to 1.4 million tonnes a year by Sep 2028.27
  • In its presentation of 19 Oct 2026, the company said India's first zinc tailings reprocessing plant (to recover metal from old processing waste), with feed capacity of 10 million tonnes a year and approved investment of ₹3,823 crore, is due by Mar 2028.28
  • As of its presentation of 19 Oct 2026, Hindustan Zinc was exploring a tungsten block in Andhra Pradesh and held a composite licence (a permit to explore that can lead to a mining lease) for a potash block in Rajasthan.29

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it plans capital spending of $500 to 600 million in the year to Mar 2027.30

Recent events

  • On 10 Aug 2026, the company received CRISIL's reaffirmation of its AAA/Stable rating on debentures and long-term bank facilities, and A1+ on commercial paper and short-term bank facilities.31
  • On 1 Aug 2026, Amarendu Prakash, formerly chairman and managing director of SAIL (Steel Authority of India), became chief executive and whole-time director.32
  • On 20 Jul 2026, Vedanta promoter-group companies signed a loan facility to which the company is not a party; under it, the company may not create security over its assets, sell assets outside the ordinary course or merge, subject to carve-outs and lender consent.3334
  • On 27 Jun 2026, Hindustan Zinc signed a composite licence with the Government of Uttar Pradesh for the 210.01-hectare Nawatola Laband rare earth elements block in Sonbhadra district.35

Litigation and regulatory matters

  • SEBI, the market regulator, sent the company an administrative warning letter dated 30 Apr 2026 over procedural aspects of audit committee approvals and disclosure in earlier financial years. The company's filing of 1 May 2026 says no penalty was imposed.3637

Last updated

All 37 sources, each with its page
  1. 1. Annual report, 5 Jun 2026, page 607
  2. 2. Annual report, 5 Jun 2026, page 565
  3. 3. Annual report, 5 Jun 2026, page 399
  4. 4. Annual report, 5 Jun 2026, page 323
  5. 5. Annual report, 5 Jun 2026, page 328
  6. 6. Annual report, 5 Jun 2026, page 401
  7. 7. Annual report, 5 Jun 2026, page 565
  8. 8. Annual report, 5 Jun 2026, page 54
  9. 9. Investor presentation, 19 Oct 2026, page 33
  10. 10. Annual report, 5 Jun 2026, page 55
  11. 11. Investor presentation, 19 Oct 2026, page 5
  12. 12. Investor presentation, 19 Oct 2026, page 29
  13. 13. Investor presentation, 19 Oct 2026, page 5
  14. 14. Annual report, 5 Jun 2026, page 25
  15. 15. Annual report, 5 Jun 2026, page 323
  16. 16. Investor presentation, 19 Oct 2026, page 22
  17. 17. Investor presentation, 19 Oct 2026, page 24
  18. 18. Investor presentation, 19 Oct 2026, page 6
  19. 19. Annual report, 5 Jun 2026, page 323
  20. 20. Annual report, 5 Jun 2026, page 399
  21. 21. Annual report, 5 Jun 2026, page 609
  22. 22. Annual report, 5 Jun 2026, page 67
  23. 23. Investor presentation, 19 Oct 2026, page 5
  24. 24. Annual report, 5 Jun 2026, page 73
  25. 25. Investor presentation, 19 Oct 2026, page 5
  26. 26. Annual report, 5 Jun 2026, page 31
  27. 27. Investor presentation, 19 Oct 2026, page 20
  28. 28. Investor presentation, 19 Oct 2026, page 20
  29. 29. Investor presentation, 19 Oct 2026, page 7
  30. 30. Annual report, 5 Jun 2026, page 139
  31. 31. Exchange filing, 11 Aug 2026, page 1
  32. 32. Earnings call, 24 Jul 2026, page 3
  33. 33. Exchange filing, 23 Jul 2026, page 2
  34. 34. Exchange filing, 23 Jul 2026, page 6
  35. 35. Exchange filing, 27 Jun 2026, page 1
  36. 36. Exchange filing, 1 May 2026, page 1
  37. 37. Exchange filing, 1 May 2026, page 2

Results

Standalone, as consolidated accounts are on record for only 5 of the last ten years; ₹ crore.Hindustan Zinc quarterly results

Revenue growth, 12 months
+56.9%
Net profit growth, 12 months
+97.2%

Quarter to Sep 2026, against the quarter before

Revenue
₹14,961 Crup 9.31%
Net profit
₹6,317 Crup 16.44%
Net margin
42.2%

Revenue by quarter

₹8,556 CrDec 24₹9,041 CrMar 25₹7,723 CrJun 25₹8,525 CrSep 25₹10,922 CrDec 25₹13,488 CrMar 26₹13,687 CrJun 26₹14,961 CrSep 26
Peak revenue ₹14,961 Cr, quarter to Sep 2026; lowest ₹7,723 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹2,647 CrDec 24₹2,976 CrMar 25₹2,204 CrJun 25₹2,632 CrSep 25₹3,879 CrDec 25₹4,997 CrMar 26₹5,425 CrJun 26₹6,317 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue8,5569,0417,7238,52510,92213,48813,68714,961
Net profit2,6472,9762,2042,6323,8794,9975,4256,317
Net margin30.9%32.9%28.5%30.9%35.5%37.0%39.6%42.2%
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Zinc, Lead and others₹29,216 Crup 9.12%74.5%
  • Silver metal₹9,841 Crup 60.54%25.1%
  • Wind energy₹135 Cr0.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Hindustan Zinc PE ratio and valuation

Price to earnings

At or below today's level on 2% of 2,478 trading days over the last 10 years.

LowestHighest
Its median14.47Industry median18.79
Price to book

At or below today's level on 56% of 1,986 trading days since Oct 2018.

LowestHighest
Its median4.29Industry median2.62
Dividend yield

At or below today's level on 17% of 2,446 trading days over the last 10 years.

LowestHighest
Its median7.34%Industry median0.51%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+12.9%+33.4%−18.5%4.2%
3 years+24.6%+9.2%+9.5%5.0%
5 years+22.3%+11.4%+1.4%9.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Hindustan Zinc shareholding pattern

Shareholding by group

  • Promoters60.71%
  • Foreign institutions2.36%
  • Indian institutions4.85%
  • Governments27.92%
  • Individuals and others4.15%
Holder
VEDANTA LIMITEDPromoter60.71%
PRESIDENT OF INDIA A/C HINDUSTAN ZINC LTDCentral government27.92%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies2.24%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 4.12% of their shares. Since Jun 2026: promoters unchanged, foreign institutions +0.16 pts, Indian institutions −0.10 pts, mutual funds +0.36 pts.

Mutual fund holdings

202 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 126 of the 146 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 202 funds holding Hindustan Zinc

Bought for the first time
3
Bought again
2
Added
73
Cut
73
Held unchanged
48
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Hindustan Zinc insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 4 pledge filings of unclear kind
  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Hindustan Zinc competitors and peers

Non - Ferrous Metals, 27 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Hindustan Zinc in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Metal stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Hindalco Industries logoHindalco IndustriesHINDALCO2,00,27312.211.47+20.3%−3.1%12.6%13.6%0.56%
National Aluminium Company logoNational Aluminium CompanyNATIONALUM56,6058.392.62+9.0%+17.8%34.3%38.9%3.73%
Hindustan Copper logoHindustan CopperHINDCOPPER39,39234.6611.79+67.1%+133.9%37.9%42.1%0.70%
Augmont Enterprises logoAugmont EnterprisesAUGMONT9,639––––––0.00%
Deccan Gold Mines logoDeccan Gold MinesDECNGOLD3,424–6.90−47.1%–−9.4%−11.4%0.00%
Arfin India logoArfin IndiaARFIN1,50781.718.85––11.3%15.0%0.13%
MMP Industries logoMMP IndustriesMMP1,129–3.26+21.4%––11.5%0.45%
Onix Solar Energy logoOnix Solar EnergyONIXSOLAR1,08020.461.26+80.4%–12.2%8.2%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Hindustan Zinc dividend history

Dividend per share, ₹, restated for later splits and bonuses

29Mar 178Mar 1820Mar 1917Mar 2021Mar 2118Mar 2276Mar 2313Mar 2429Mar 2521Mar 26
Highest ₹75.50 a share, year to Mar 2023.
Ex-dateTypePer share
30 Apr 2026Interim₹11.00
17 Jun 2025Interim₹10.00
28 Aug 2024Interim₹19.00
15 May 2024Interim₹10.00
14 Dec 2023Interim₹6.00
14 Jul 2023Interim₹7.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Hindustan Zinc announcements

Hindustan Zinc share price by year

Each calendar year to 2025.Hindustan Zinc share price history

YearClose at year endChangeHighest closeLowest close
2025612.45+37.9%636.85387.45
2024444.00+39.6%772.30289.40
2023318.05−1.1%377.55292.50
2022321.70+1.5%352.45246.10
2021316.80+32.5%387.65239.05
2020239.05+14.0%252.95125.55
2019209.65−24.8%288.85199.40
2018278.65−9.8%332.30261.05
2017308.85+20.9%326.75231.85
2016255.40+74.5%285.30139.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026494.35498.90490.50497.00494.1520,92,92040.8%
23 Oct 2026505.00506.75492.00496.00496.9344,72,31342.8%
22 Oct 2026517.55518.00507.40518.00513.1474,51,45648.8%
21 Oct 2026559.85559.85520.60525.00540.321,05,81,05726.6%
19 Oct 2026545.00547.40536.10538.40540.8030,40,98339.7%
16 Oct 2026535.00545.70533.30540.00540.0624,74,60040.9%
15 Oct 2026532.75534.00524.50531.00529.5734,27,30738.2%
14 Oct 2026545.00546.05538.95540.00542.1420,84,82244.0%
13 Oct 2026548.10550.35542.45549.60546.4913,59,00351.9%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
7 Mar 2011Bonus0.5000Holders received 1 bonus share for every 1 held.
7 Mar 2011Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Priya Agarwal
At the end of the quarter to Sep 2026
NSE symbol
HINDZINC
BSE code
500188
ISIN
INE267A01025
Industry
Non - Ferrous Metals
CIN
L27204RJ1966PLC001208
Corporate identity number, the registrar of companies' code for it
Incorporated
1966
Registered office
Yashad Bhawan, Udaipur 313004, Rajasthan
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments