Hindustan Zinc Share Price Target 2024-2030 Fundamentals & Quarterly Results

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.Hindustan Zinc Share Price target

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

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 NameHindustan Zinc Limited
Listed atNSE & BSE
Head OfficeYashad Bhawan, Near Swaroop Sagar, Udaipur City-313001.
Board Of Directors
  • Mr.Akhilesh Joshi Ind. Non-Executive Director
  • Ms.Pallavi Joshi Bakhru Ind. Non-Executive Director
  • Mr.Kannan Ramamirtham Ind. Non-Executive Director
  • Dr.Veena Kumari Dermal Non Exe. & Nominee Director
  • Ms.Farida M Naik Non Exe. & Nominee Director
  • Mrs.Nirupama Kotru Non Exe. & Nominee Director
  • Ms.Priya Agarwal Hebbar Non Exe. Non Ind Chairperson
  • Mr.Navin Agarwal Non Executive Director
  • Mr.Arun Misra WholeTime Director & CEO
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/E35.5
Book Value₹ 36.0
Dividend Yield1.96 %
ROCE46.2 %
ROE55.2 %
Face Value₹ 2.00
Debt to equity0.57
Debt Capacity0.14
Debt preceding year₹ 11,881 Cr.
Debt₹ 8,722 Cr.
Reserves₹ 14,388 Cr.
EPS₹ 18.4
EPS last year₹ 18.4
Pledged percentage99.0 %
FCF Prev Ann₹ 11,696 Cr.
EVEBITDA19.3
Industry PE37.7
PEG Ratio148
Piotroski score5.00
Earnings yield3.91 %
Sales growth 5 Years6.50 %

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Hindustan Zinc Quarterly Results

Quarter/YearMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales8,7979,3878,3367,8668,5097,2826,7927,3107,550
Expenses3,8344,2493,9284,1594,2503,9343,6533,7903,896
Operating Profit4,9635,1384,4083,7074,2593,3483,1393,5203,654
OPM %56%55%53%47%50%46%46%48%48%
Other Income277310367349356287231305280
Interest66445162176218232243262
Depreciation816731798807928801825904936
Profit before tax4,3584,6733,9263,1873,5112,6162,3132,6782,736
Tax %33%34%32%32%26%25%25%24%25%
Net Profit2,9293,0932,6812,1572,5891,9701,7372,0382,042
EPS in Rs6.937.326.355.106.134.664.114.824.83

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CAGR Report

Metric10 Years5 Years3 YearsTTM / Last Year
Compounded Sales Growth8%7%9%-15%
Compounded Profit Growth3%0%0%-26%
Stock Price CAGR15%25%25%105%
Return on Equity25%29%39%55%

Hindustan Zinc Shareholding Pattern

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MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters64.92%64.92%64.92%64.92%64.92%64.92%64.92%64.92%64.92%
FIIs2.64%2.26%1.50%0.99%1.10%0.79%0.80%0.60%0.74%
DIIs1.08%1.54%2.44%2.72%2.55%2.95%2.94%2.98%3.01%
Government29.54%29.58%29.58%29.58%29.59%29.58%29.54%29.54%29.54%
Public1.83%1.70%1.56%1.78%1.83%1.76%1.79%1.97%1.78%
No. of Shareholders92,7881,02,3581,09,9981,34,5671,71,7652,65,5783,21,0164,22,0724,45,929

Hindustan Zinc Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-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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Hindustan Zinc Share Price Target 2025

MonthTarget
January₹1257
February₹1282
March₹1308
April₹1264
May₹1222
June₹1181
July₹1228
August₹1277
September₹1328
October₹1355
November₹1382
December₹1410

Hindustan Zinc Share Price Target 2026

MonthTarget
January₹1438
February₹1467
March₹1496
April₹1446
May₹1398
June₹1351
July₹1405
August₹1461
September₹1519
October₹1549
November₹1580
December₹1612

Hindustan Zinc Share Price Target 2027

MonthTarget
January₹1644
February₹1677
March₹1711
April₹1654
May₹1599
June₹1546
July₹1608
August₹1672
September₹1739
October₹1774
November₹1809
December₹1845

Hindustan Zinc Share Price Target 2028

MonthTarget
January₹1882
February₹1920
March₹1958
April₹1893
May₹1830
June₹1769
July₹1840
August₹1914
September₹1991
October₹2031
November₹2072
December₹2113

Hindustan Zinc Share Price Target 2029

MonthTarget
January₹2155
February₹2198
March₹2242
April₹2167
May₹2095
June₹2025
July₹2106
August₹2190
September₹2278
October₹2324
November₹2370
December₹2417

Hindustan Zinc Share Price Target 2030

MonthTarget
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

 

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