Whalesbook
Incorporated in 1966, Hindustan Zinc in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and Hindustan Zinc is the 3rd largest silver producer globally with an annual capacity of 800MT . The company has a market share of ~75% of the growing Zinc market in India with its headquarters at Zinc City, Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.[1]
**Dominant and Leading player **Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by settingup wind power plants.[1]World’s largest underground (UG) zinc mining operations at Rampura Agucha.Geographical presenceCompany exports accounted for 25% of turnover.[2][3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Hindustan Zinc | 496.75 | 20.07 | 209892.72 | 5.84 | 2632.00 | 11.58 | 8525.00 | 3.43 | 60.73 | 33845.00 | 51.66 | 10459.00 | 2632.00 | 15.42 | 30.23 | 0.82 |
| 2. | Sizemasters Tech | 194.40 | 61.52 | 194.40 | 0.00 | 1.24 | 18.10 | 10.71 | 207.76 | 22.51 | 22.90 | 16.68 | 3.16 | 1.24 | 11.55 | 13.27 | 0.12 |
| – | Median: 2 Co. | 345.57 | 40.8 | 105043.56 | 2.92 | 1316.62 | 14.84 | 4267.85 | 105.59 | 41.62 | 16933.95 | 34.17 | 5231.08 | 1316.62 | 13.48 | 21.75 | 0.47 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 8,336 | 7,866 | 8,509 | 7,282 | 6,792 | 7,310 | 7,550 | 8,130 | 8,242 | 8,556 | 9,041 | 7,723 | 8,525 |
Expenses | 3,928 | 4,159 | 4,250 | 3,934 | 3,653 | 3,790 | 3,896 | 4,179 | 4,138 | 4,098 | 4,258 | 3,907 | 4,099 |
Operating Profit | 4,408 | 3,707 | 4,259 | 3,348 | 3,139 | 3,520 | 3,654 | 3,951 | 4,104 | 4,458 | 4,783 | 3,816 | 4,426 |
Other Income | 367 | 349 | 356 | 287 | 231 | 305 | 280 | 277 | 185 | 221 | 230 | 282 | 237 |
Profit before tax | 3,926 | 3,187 | 3,511 | 2,616 | 2,313 | 2,678 | 2,736 | 3,129 | 3,095 | 3,491 | 3,749 | 2,948 | 3,523 |
Tax % | 32% | 32% | 26% | 25% | 25% | 24% | 25% | 25% | 26% | 24% | 21% | 25% | 25% |
Net Profit | 2,681 | 2,157 | 2,589 | 1,970 | 1,737 | 2,038 | 2,042 | 2,358 | 2,298 | 2,647 | 2,976 | 2,204 | 2,632 |
EPS in Rs | 6.35 | 5.10 | 6.13 | 4.66 | 4.11 | 4.82 | 4.83 | 5.58 | 5.44 | 6.26 | 7.04 | 5.22 | 6.23 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 13,636 | 14,788 | 14,181 | 17,273 | 22,082 | 21,118 | 18,561 | 22,629 | 29,440 | 34,098 | 28,934 | 33,969 | 33,845 |
Expenses | 6,717 | 7,338 | 7,923 | 7,534 | 9,812 | 10,448 | 9,691 | 10,957 | 13,214 | 16,577 | 15,253 | 16,630 | 16,362 |
Operating Profit | 6,919 | 7,450 | 6,258 | 9,739 | 12,270 | 10,670 | 8,870 | 11,672 | 16,226 | 17,521 | 13,681 | 17,339 | 17,483 |
Other Income | 1,881 | 2,788 | 3,127 | 2,474 | 1,956 | 1,782 | 1,911 | 1,819 | 1,082 | 1,373 | 1,083 | 870 | 970 |
Interest | 45 | 24 | 17 | 202 | 246 | 113 | 112 | 386 | 290 | 333 | 955 | 1,111 | 1,034 |
Depreciation | 785 | 644 | 745 | 1,811 | 1,483 | 1,883 | 2,279 | 2,531 | 2,917 | 3,264 | 3,466 | 3,634 | 3,708 |
Profit before tax | 7,970 | 9,570 | 8,623 | 10,200 | 12,497 | 10,456 | 8,390 | 10,574 | 14,101 | 15,297 | 10,343 | 13,464 | 13,711 |
Net Profit | 6,905 | 8,178 | 8,175 | 8,316 | 9,276 | 7,956 | 6,805 | 7,980 | 9,630 | 10,520 | 7,787 | 10,279 | 10,459 |
EPS in Rs | 16.34 | 19.35 | 19.35 | 19.68 | 21.95 | 18.83 | 16.11 | 18.89 | 22.79 | 24.90 | 18.43 | 24.33 | 24.75 |
Dividend Payout % | 21% | 23% | 144% | 149% | 36% | 106% | 102% | 113% | 79% | 303% | 71% | 119% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 |
Reserves | 36,573 | 42,508 | 36,540 | 29,960 | 35,087 | 32,760 | 39,465 | 31,468 | 33,437 | 12,097 | 14,388 | 12,445 | 12,770 |
Borrowings | 0 | 0 | 0 | 7,908 | 0 | 2,538 | 611 | 7,201 | 2,844 | 11,881 | 8,722 | 10,964 | 11,169 |
Other Liabilities | 4,259 | 5,639 | 15,810 | 13,082 | 7,000 | 6,315 | 6,054 | 6,213 | 7,545 | 10,631 | 9,949 | 10,164 | 10,690 |
Total Liabilities | 41,677 | 48,992 | 53,195 | 51,795 | 42,932 | 42,458 | 46,975 | 45,727 | 44,671 | 35,454 | 33,904 | 34,418 | 35,474 |
Fixed Assets | 9,147 | 9,446 | 10,385 | 9,993 | 11,302 | 14,778 | 16,469 | 16,808 | 17,396 | 17,620 | 18,055 | 18,488 | 19,147 |
Gross Block | 13,600 | 14,551 | 16,524 | 17,904 | 20,657 | 25,841 | 29,617 | 32,306 | 35,378 | 38,187 | 41,890 | 45,690 | – |
Accumulated Depreciation | 4,453 | 5,104 | 6,139 | 7,911 | 9,355 | 11,063 | 13,148 | 15,498 | 17,982 | 20,567 | 23,835 | 27,202 | – |
CWIP | 1,541 | 2,005 | 2,428 | 3,071 | 3,220 | 2,254 | 2,489 | 1,922 | 2,075 | 2,107 | 1,529 | 2,552 | 2,942 |
Investments | 22,506 | 27,254 | 35,221 | 23,783 | 20,222 | 19,488 | 20,329 | 12,957 | 15,052 | 10,107 | 10,452 | 9,971 | 8,708 |
Other Assets | 8,482 | 10,288 | 5,161 | 14,948 | 8,188 | 5,938 | 7,688 | 14,040 | 10,148 | 5,620 | 3,868 | 3,407 | 4,677 |
Total Assets | 41,677 | 48,992 | 53,195 | 51,795 | 42,932 | 42,458 | 46,975 | 45,727 | 44,671 | 35,454 | 33,904 | 34,418 | 35,474 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 5,471 | 5,531 | 6,451 | 7,588 | 9,800 | 8,781 | 6,621 | 10,567 | 12,691 | 15,166 | 13,343 | 14,127 |
Cash from Investing Activity | -3,955 | -3,807 | -3,236 | 12,007 | 2,396 | -1,092 | -2,648 | -2,435 | 846 | 6,525 | -3,405 | -2,658 |
Cash from Financing Activity | -1,577 | -1,902 | -3,214 | -11,266 | -18,612 | -9,630 | -2,098 | -9,697 | -12,258 | -23,224 | -9,946 | -11,426 |
Net Cash Flow | -62 | -178 | 1 | 8,329 | -6,416 | -1,941 | 1,875 | -1,565 | 1,279 | -1,533 | -8 | 43 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 16 | 3 | 3 | 3 | 3 | 7 | 7 | 9 | 4 | 2 | 1 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 11 | 16 | 3 | 3 | 3 | 3 | 7 | 7 | 9 | 4 | 2 | 1 |
Working Capital Days | -1 | -14 | -347 | -375 | -67 | -98 | -56 | -91 | -36 | -148 | -103 | -95 |
ROCE % | 20% | 25% | 20% | 26% | 33% | 28% | 22% | 26% | 37% | 50% | 46% | 61% |
Direct from BSE filings, auto-summarised
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