Hindustan Zinc Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Hindustan Zinc is the biggest zinc-lead miner in India and the second-largest in the world. Having been in operation for over fifty years, our concern is for the safety of our people as well as saving the few natural resources available using technology and extensive research.At 105.7 million MT, we have a reserve base which boasts an average zinc-lead grade of 10.5%; we also have mineral resources that amount to 305.6 million MT, enough to see the mine through the next 25 years.
Latest Update – Hindustan Zinc disclosed a 19% rise in its consolidated net profit for the quarter ending on June 30, 2024 to Rs2,345 crore as compared to Rs1,964 crore in the same period last year on Friday.
Hindustan Zinc Overview
Contents
Established in 1966, Hindustan Zinc is the second biggest integrated Zinc producer globally in Zinc Lead and Silver. Currently, it is the third largest Silver producer. Its market share is approximately 75% of the burgeoning Zinc market in India with its headquarters at Zinc City, Udaipur as well as Zinc Lead mines and smelting complexes that dot Rajasthan.
Company Name | Hindustan Zinc Limited |
Listed at | NSE & BSE |
Head Office | Yashad Bhawan, Near Swaroop Sagar, Udaipur City-313001. |
Board Of Directors |
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Official Website | hzlindia.com |
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Hindustan Zinc Business Profile
The firm transacts through two segments: Zinc, Lead, Silver & others, and Wind energy. The corporation has its operations divided into five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulfuric acid plants, one silver refinery plant, six captive thermal power plants and four captive solar plants in Rajasthan state. It mines are Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad.
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Hindustan Zinc produces its electricity at captive thermal energy facilities and also builds wind power plants as part of efforts for clean energy production and self-sufficiency. The Rampura Agucha site is home to the world’s biggest underground source of zinc; it serves as the principal zinc mining operation for the company.
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Manufacturing Capabilities
Facilities belonging to the company are found at following place, Rampura Agucha, Chanderiya, Dariba, Kayad and Zawar in Rajasthan, India. They also have zinc-lead processing plants, refineries as well as a silver refinery at Pantnagar in Uttarakhand. It presently has a production capacity for mined metal which amounts to about 1.2MTPA per year while its processing involves an integrated zinc/ lead/ silver operation of 913,000 TPA zinc, 210,000 TPA lead and 800 TPA silver.
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Reserve & Resources
The R&R at the end of FY24 was totally 456.3 million tonnes with metal content 30.8 million tonnes (after taking account of 1.1 million tonnes produced in FY24). Note that based on present mining rates, R&R will support metal production for over 25 years.
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There has been a 35% increase in the R&R in the last 5 years (118 million tonnes of incremental ore) at a production of 65.1 million tonnes of ore in FY24. By the end of FY24, total ore reserves amounted to 175.1 million tonnes (net production in FY24 was 16.5 million tonnes) as against 173.5 million tonnes at the end of FY23 with an increased emphasis on resource-to-reserve conversion during the year.
Power Delivery Agreement
The company has signed Power Delivery Agreements(PDA) with Serentica Renewable India Pvt Ltd (SRI4PL and SRI5PL) respectively for Dariba plant size (200 MW) and Chanderiya plant size (250 MW).
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The Serentica Group, of which SRI4PL and SRI5PL Prt are a part, is planning to create ~4GW of Renewable energy in different states on order for industries to receive all-time power supply. Phased completion and commissioning from April ’24 to June ’25.
Hindustan Zinc Fundamentals & Quarterly Results
Market Cap | ₹ 2,75,681 Cr. |
Current Price | ₹ 652 |
High / Low | ₹ 808 / 285 |
Stock P/E | 35.5 |
Book Value | ₹ 36.0 |
Dividend Yield | 1.96 % |
ROCE | 46.2 % |
ROE | 55.2 % |
Face Value | ₹ 2.00 |
Debt to equity | 0.57 |
Debt Capacity | 0.14 |
Debt preceding year | ₹ 11,881 Cr. |
Debt | ₹ 8,722 Cr. |
Reserves | ₹ 14,388 Cr. |
EPS | ₹ 18.4 |
EPS last year | ₹ 18.4 |
Pledged percentage | 99.0 % |
FCF Prev Ann | ₹ 11,696 Cr. |
EVEBITDA | 19.3 |
Industry PE | 37.7 |
PEG Ratio | 148 |
Piotroski score | 5.00 |
Earnings yield | 3.91 % |
Sales growth 5 Years | 6.50 % |
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Hindustan Zinc Quarterly Results
Quarter/Year | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|
Sales | 8,797 | 9,387 | 8,336 | 7,866 | 8,509 | 7,282 | 6,792 | 7,310 | 7,550 |
Expenses | 3,834 | 4,249 | 3,928 | 4,159 | 4,250 | 3,934 | 3,653 | 3,790 | 3,896 |
Operating Profit | 4,963 | 5,138 | 4,408 | 3,707 | 4,259 | 3,348 | 3,139 | 3,520 | 3,654 |
OPM % | 56% | 55% | 53% | 47% | 50% | 46% | 46% | 48% | 48% |
Other Income | 277 | 310 | 367 | 349 | 356 | 287 | 231 | 305 | 280 |
Interest | 66 | 44 | 51 | 62 | 176 | 218 | 232 | 243 | 262 |
Depreciation | 816 | 731 | 798 | 807 | 928 | 801 | 825 | 904 | 936 |
Profit before tax | 4,358 | 4,673 | 3,926 | 3,187 | 3,511 | 2,616 | 2,313 | 2,678 | 2,736 |
Tax % | 33% | 34% | 32% | 32% | 26% | 25% | 25% | 24% | 25% |
Net Profit | 2,929 | 3,093 | 2,681 | 2,157 | 2,589 | 1,970 | 1,737 | 2,038 | 2,042 |
EPS in Rs | 6.93 | 7.32 | 6.35 | 5.10 | 6.13 | 4.66 | 4.11 | 4.82 | 4.83 |
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CAGR Report
Metric | 10 Years | 5 Years | 3 Years | TTM / Last Year |
---|---|---|---|---|
Compounded Sales Growth | 8% | 7% | 9% | -15% |
Compounded Profit Growth | 3% | 0% | 0% | -26% |
Stock Price CAGR | 15% | 25% | 25% | 105% |
Return on Equity | 25% | 29% | 39% | 55% |
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Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|---|
Promoters | 64.92% | 64.92% | 64.92% | 64.92% | 64.92% | 64.92% | 64.92% | 64.92% | 64.92% |
FIIs | 2.64% | 2.26% | 1.50% | 0.99% | 1.10% | 0.79% | 0.80% | 0.60% | 0.74% |
DIIs | 1.08% | 1.54% | 2.44% | 2.72% | 2.55% | 2.95% | 2.94% | 2.98% | 3.01% |
Government | 29.54% | 29.58% | 29.58% | 29.58% | 29.59% | 29.58% | 29.54% | 29.54% | 29.54% |
Public | 1.83% | 1.70% | 1.56% | 1.78% | 1.83% | 1.76% | 1.79% | 1.97% | 1.78% |
No. of Shareholders | 92,788 | 1,02,358 | 1,09,998 | 1,34,567 | 1,71,765 | 2,65,578 | 3,21,016 | 4,22,072 | 4,45,929 |
Year | Initial Target | Mid-Year Target | Year-End Target |
---|---|---|---|
2024 | ₹848.55 | ₹1088.31 | ₹1232.16 |
2025 | ₹1257 | ₹1181 | ₹1410 |
2026 | ₹1438 | ₹1351 | ₹1612 |
2027 | ₹1644 | ₹1546 | ₹1845 |
2028 | ₹1882 | ₹1769 | ₹2113 |
2029 | ₹2155 | ₹2025 | ₹2417 |
2030 | ₹2465 | ₹2316 | ₹2764 |
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Month | Target |
January | ₹1257 |
February | ₹1282 |
March | ₹1308 |
April | ₹1264 |
May | ₹1222 |
June | ₹1181 |
July | ₹1228 |
August | ₹1277 |
September | ₹1328 |
October | ₹1355 |
November | ₹1382 |
December | ₹1410 |
Month | Target |
January | ₹1438 |
February | ₹1467 |
March | ₹1496 |
April | ₹1446 |
May | ₹1398 |
June | ₹1351 |
July | ₹1405 |
August | ₹1461 |
September | ₹1519 |
October | ₹1549 |
November | ₹1580 |
December | ₹1612 |
Month | Target |
January | ₹1644 |
February | ₹1677 |
March | ₹1711 |
April | ₹1654 |
May | ₹1599 |
June | ₹1546 |
July | ₹1608 |
August | ₹1672 |
September | ₹1739 |
October | ₹1774 |
November | ₹1809 |
December | ₹1845 |
Month | Target |
January | ₹1882 |
February | ₹1920 |
March | ₹1958 |
April | ₹1893 |
May | ₹1830 |
June | ₹1769 |
July | ₹1840 |
August | ₹1914 |
September | ₹1991 |
October | ₹2031 |
November | ₹2072 |
December | ₹2113 |
Month | Target |
January | ₹2155 |
February | ₹2198 |
March | ₹2242 |
April | ₹2167 |
May | ₹2095 |
June | ₹2025 |
July | ₹2106 |
August | ₹2190 |
September | ₹2278 |
October | ₹2324 |
November | ₹2370 |
December | ₹2417 |
Month | Target |
January | ₹2465 |
February | ₹2514 |
March | ₹2564 |
April | ₹2479 |
May | ₹2396 |
June | ₹2316 |
July | ₹2409 |
August | ₹2505 |
September | ₹2605 |
October | ₹2657 |
November | ₹2710 |
December | ₹2764 |
Official Website – hzlindia.com