Hindustan Zinc Ltd

Hindustan Zinc Ltd maintains a capital structure characterized by a debt-to-equity ratio of 0.39 and a current ratio of 1.47. The balance sheet reflects total assets of INR 423.7 billion against total liabilities of INR 197.4 billion, resulting in total equity of INR 226.3 billion. Long-term debt stands at INR 87.3 billion. While the company generates robust operating cash flow of INR 170.1 billion, free cash flow is recorded at INR 81.2 billion after capital expenditures of INR 52.8 billion. A key risk flag indicates that net cash is negative after subtracting total debt, suggesting reliance on debt financing for certain operations despite strong cash generation.

Profitability metrics demonstrate exceptional returns, with a return on equity (ROE) of 61.13% and a return on assets (ROA) of 32.65%. The company reports a net income of INR 138.3 billion on revenue of INR 408.4 billion, yielding a gross profit of INR 278.4 billion. Operating income is INR 183.3 billion, indicating high operational leverage. These returns significantly exceed typical industry medians for capital-intensive mining operations, reflecting strong pricing power or cost efficiency in the zinc market.

Revenue concentration data by segment and geography is not provided in the available input. Consequently, specific insights into product mix or regional exposure cannot be derived from the current dataset. The analysis relies solely on consolidated financial figures, omitting granular segment-level performance details.

Historical period data for revenue and net income trends is absent from the input. Therefore, a multi-year growth trajectory analysis cannot be constructed. The current financial snapshot provides a static view of performance, lacking the temporal context required to assess momentum or cyclicality over the past five years.

Risk assessment identifies medium liquidity risk and low dilution risk. The primary concern is the negative net cash position after debt subtraction, which may constrain financial flexibility during periods of commodity price volatility. Dilution risk is low, supported by the fact that basic and diluted shares outstanding are identical at 4.23 billion, indicating no significant in-the-money options or convertible securities currently impacting share count.

Recent observations include analyst estimates with a mean price target of INR 653.38 and a median target of INR 695.00. The mean recommendation is 2.69, with four strong-buy and three buy ratings, indicating positive sentiment among covered analysts. No specific filing, news, or transcript observations are provided in the input to detail recent corporate actions or strategic shifts.

There are no material changes to report for Hindustan Zinc Ltd (HZNC.NS) in the current analysis period. A review of 17 fields confirmed no significant shifts compared to prior assessments, with four schema-expansion fields excluded from the evaluation. Watcher signals and cross-source sentiment data show minimal activity, with only isolated dispatches recorded on July 2 and July 3, 2026, amidst otherwise quiet trading days. No specific sentiment direction was attached to these sparse data points. The company’s structural profile remains static, with no recorded changes in officer count, analyst coverage, index membership, or top holder composition. This lack of movement suggests a period of operational and structural stability for the entity. Consequently, there is no new catalyst to drive immediate market reaction or strategic reassessment. Investors should note that the absence of material change implies continuity in the company’s current trajectory, barring any external factors not captured in this dataset.

Hindustan Zinc generated INR 408.4 billion in FY2026 revenue, representing an 8.5% CAGR over the past four years.

Analysts project 16.7% upside to a mean price target of INR 653.38, based on consensus from 13 analysts.

Free cash flow surged 458.4% year-over-year to INR 81.2 billion in FY2026, indicating strong cash generation.

The debt-to-equity ratio of 0.39 is below the cohort median of 0.12, indicating higher leverage than most peers.

Long-term debt increased to INR 109.7 billion in FY2025, up from INR 87.2 billion in the prior fiscal year.

The company faces a medium liquidity risk flag, suggesting potential challenges in meeting short-term financial obligations.

Revenue INR 135.44B, +49,0% YoY; Operating income +74,9% YoY.

• ▍Revenue INR 135.44B, +49,0% YoY
• ▍Operating income +74,9% YoY
• ▍Net income +67,6% YoY
• ▍Net margin 37.2%

Revenue INR 109.80B, +27,5% YoY; Operating income +42,8% YoY.

• ▍Revenue INR 109.80B, +27,5% YoY
• ▍Operating income +42,8% YoY
• ▍Net income +46,2% YoY
• ▍Net margin 35.7%

Revenue INR 85.49B, +3,6% YoY; Operating income +12,7% YoY.

• ▍Revenue INR 85.49B, +3,6% YoY
• ▍Operating income +12,7% YoY
• ▍Net income +13,8% YoY
• ▍Net margin 31.0%

Revenue INR 77.71B, −4,4% YoY; Operating income −5,0% YoY.

• ▍Revenue INR 77.71B, −4,4% YoY
• ▍Operating income −5,0% YoY
• ▍Net income −4,7% YoY
• ▍Net margin 28.7%

Revenue INR 90.87B; Operating income INR 38.06B.

• ▍Revenue INR 90.87B
• ▍Operating income INR 38.06B
• ▍Net margin 33.0%

Revenue INR 86.14B; Operating income INR 35.94B.

• ▍Revenue INR 86.14B
• ▍Operating income INR 35.94B
• ▍Net margin 31.1%

Revenue INR 82.52B; Operating income INR 31.63B.

• ▍Revenue INR 82.52B
• ▍Operating income INR 31.63B
• ▍Net margin 28.2%

Revenue INR 81.30B; Operating income INR 31.02B.

• ▍Revenue INR 81.30B
• ▍Operating income INR 31.02B
• ▍Net margin 28.8%

Revenue INR 408.44B, +19,8% YoY; Operating income +33,4% YoY.

• ▍Revenue INR 408.44B, +19,8% YoY
• ▍Operating income +33,4% YoY
• ▍Net income +33,6% YoY
• ▍Free cash flow +458,4% YoY
• ▍Net margin 33.9%

Revenue INR 340.83B, +17,8% YoY; Operating income +34,6% YoY.

• ▍Revenue INR 340.83B, +17,8% YoY
• ▍Operating income +34,6% YoY
• ▍Net income +33,4% YoY
• ▍Free cash flow −221,3% YoY
• ▍Net margin 30.4%

Revenue INR 289.32B, −15,2% YoY; Operating income −28,4% YoY.

• ▍Revenue INR 289.32B, −15,2% YoY
• ▍Operating income −28,4% YoY
• ▍Net income −26,2% YoY
• ▍Free cash flow +108,5% YoY
• ▍Net margin 26.8%

Revenue INR 340.98B, +15,8% YoY; Operating income +8,1% YoY.

• ▍Revenue INR 340.98B, +15,8% YoY
• ▍Operating income +8,1% YoY
• ▍Net income +9,2% YoY
• ▍Free cash flow −1 255,3% YoY
• ▍Net margin 30.8%