Hindustan Zinc Limited (HINDZINC) Fair Value & Analysis
Basic Materials · IN · Market cap ₹2.2T (≈ $23.6B) · ISIN INE267A01025
What is Hindustan Zinc Limited really worth?
A strong business, but trading 20% above our fair value of ₹501.98.
Strengths
Risks
For context
Fair value as of: Aug 25, 2026
From 26 valuation models · updated 11 days ago
Share price +0.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- A fairly wide model range (₹319.24 to ₹749.84) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.
How to read this chart
60‑month range ₹169.07 – ₹717.12 · fair‑value band ₹319.24 – ₹749.84 · the ₹601.00 price screens above the ₹501.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 25, 2026.
Analysis
Hindustan Zinc Limited (HINDZINC) currently trades at ₹601.00, while our model-based Fair Value estimate is ₹501.98, implying the stock looks roughly 19.7% overvalued today. The Quality Score stands at 76/100 (high quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ₹660.58 per share, and 8 of the 26 models we run sit above the ₹601.00 price. Bear case: the Multiples group reads lowest at ₹160.67, and 18 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Hindustan Zinc Limited generated revenue of ₹392B at a net margin of 35.3%. Revenue grew 40.8% year over year. It earns a return on equity of 76.9%. Net debt stands at ₹85.4B. Fundamentals as of Aug 25, 2026
Our scenario range runs from ₹319.24 (bear case) to ₹749.84 (bull case); at ₹601.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −42% fair-value upside, at −16%, HINDZINC screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹9.42 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (₹660.58) versus Asset-Based (₹35.88). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 75 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hindustan Zinc Limited explores for, extracts, and processes minerals in India, rest of Asia, and internationally. It operates through two segments, Zinc, Lead, Silver & Others; and Wind Energy. The company produces refined zinc and lead, precious metals, and silver; sulphuric acid; rock-phosphate; and metals and related alloys.
Full company description
Hindustan Zinc Limited explores for, extracts, and processes minerals in India, rest of Asia, and internationally. It operates through two segments, Zinc, Lead, Silver & Others; and Wind Energy. The company produces refined zinc and lead, precious metals, and silver; sulphuric acid; rock-phosphate; and metals and related alloys. It also operates captive thermal, wind and solar power, and waste heat recovery boiler power plants. In addition, the company offers di ammonium phosphate/nitrogen, phosphorus, and potassium fertilizers. The company was incorporated in 1966 and is based in Udaipur, India. Hindustan Zinc Limited is a subsidiary of Vedanta Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Hindustan Zinc Limited reported revenue of ₹392B in FY2026 versus ₹288B in FY2022, a compound +8.0%/yr. Reported net income was ₹138B in FY2026, compounding +9.5%/yr from FY2022.
of which total revenue +8.8 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
HINDZINC screens 20% overvalued. Compare with BHP Group →
Peer Group
Other Industrial Metals & Mining · 469 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHP | A$66.84 | A$42.16 | −37% |
| Vale S.A VALE | $15.31 | $8.95 | −42% |
| Saudi Arabian Mining Company 1211 | 65.50 SAR | 33.87 SAR | −48% |
| CMOC Group 603993 | ¥18.42 | ¥16.15 | −12% |
| Teck Resources Limited TECK | $69.34 | $32.02 | −54% |
| China Tungsten And Hightech Materials Co 000657 | ¥66.76 | ¥9.55 | −86% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | −74% |
| Western Mining Co 601168 | ¥37.85 | ¥25.99 | −31% |
| Boliden AB BOL | kr 527.80 | kr 461.48 | −13% |
| Korea Zinc Company 010130 | 1,145,000 KRW | 646,063 KRW | −44% |
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