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HINDZINC - Hindustan Zinc

📊 NSE: HINDZINC 🏢 Mining / Minerals / Metals 📅 Last Updated: 12/14/2025 7:45

📢 Recent Corporate Announcements

Hindustan Zinc's Chanderiya Smelter Becomes India's First Zinc Mark Certified Site

🟢 POSITIVE ⭐ 6/10

OTHER 📅 29 Apr 2026, 06:46 PM

Hindustan Zinc's Chanderiya Lead Zinc Smelter (CLZS) has achieved Zinc Mark validation, making it the first site in India to meet these global ESG standards. This certification validates the company's performance across critical benchmarks including emissions, energy efficiency, and waste management. As the world's largest integrated zinc producer with a 74% domestic market share, this milestone enhances HZL's credibility in the global responsible sourcing market. The company continues to maintain its position as the world's most sustainable metals and mining company according to S&P Global CSA 2025.

Chanderiya Lead Zinc Smelter (CLZS) is the first Indian site to achieve Zinc Mark validation under the Copper Mark framework.
Hindustan Zinc holds a dominant 74% market share in the primary zinc market in India.
Ranked as the world's most sustainable metals and mining company for the 3rd consecutive year by S&P Global CSA 2025.
The company is certified as 3.32 times water-positive and has committed to Net Zero emissions by 2050.

💡 Investors should recognize this as a strengthening of HZL's ESG profile, which is increasingly critical for institutional valuation and global supply chain integration. No immediate action is required, but this reinforces the company's long-term operational sustainability and market leadership.

Hindustan Zinc Issues TDS Submission Guidelines for 1st Interim Dividend FY 2026-27

🟡 NEUTRAL ⭐ 6/10

DIVIDEND 📅 24 Apr 2026, 04:39 PM

Hindustan Zinc has announced procedural guidelines for Tax Deducted at Source (TDS) following the declaration of its 1st Interim Dividend for FY 2026-27 on April 24, 2026. Shareholders seeking lower or nil tax withholding must submit relevant documentation through a dedicated company portal. The deadline for these submissions is strictly set for April 29, 2026, by 5:00 PM. This administrative update is essential for investors to ensure they receive the maximum net dividend payout based on their tax status.

1st Interim Dividend for Financial Year 2026-27 was declared on April 24, 2026
Submission deadline for TDS-related documents is April 29, 2026, at 5:00 PM
Dedicated shareholder portal launched at https://shareholderportal.hzlmetals.com/ for document uploads
No documents for lower tax deduction will be considered if received after the specified deadline
Applies to all shareholders eligible for tax exemptions or lower rates under the Income Tax Act

💡 Eligible shareholders should immediately upload Form 15G/15H or other tax-exempt certificates on the HZL portal before the April 29 deadline to avoid higher tax withholding. Verify that all submitted documents are valid and match the records held by the Depository Participant.

Hindustan Zinc Appoints M S K A & Associates as Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 24 Apr 2026, 02:41 PM

Hindustan Zinc has announced the appointment of M/s M S K A & Associates LLP as its new Statutory Auditors for a five-year tenure. This change is due to the mandatory rotation of auditors as the current firm, M/s S.R. Batliboi & Co. LLP, completes its second term at the upcoming 60th Annual General Meeting. The new appointment will span from the conclusion of the 60th AGM until the 65th AGM, subject to shareholder approval. M S K A & Associates is a registered firm with the ICAI and PCAOB, operating across 12 cities in India.

Appointment of M/s M S K A & Associates LLP for a 5-year consecutive term.
Outgoing auditors M/s S.R. Batliboi & Co. LLP completed their maximum permitted tenure.
The new audit term will run from the 60th AGM to the 65th AGM.
M S K A & Associates is an established firm with a presence in 12 Indian cities and PCAOB registration.

💡 This is a routine regulatory auditor rotation required by the Companies Act and does not signal any internal issues. No immediate action is required from investors.

Hindustan Zinc FY26 Net Profit Jumps 34% to ₹13,832 Cr on Record Production

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 24 Apr 2026, 02:38 PM

Hindustan Zinc delivered a stellar performance in FY26, with annual net profit rising 34% YoY to ₹13,832 crore and revenue increasing 20% to ₹40,844 crore. The company achieved record mined metal production of 1,114 Kt and its lowest zinc cost of production in five years at $959/MT. Q4 FY26 was particularly robust, with net profit surging 68% YoY to ₹5,033 crore driven by volume growth and cost efficiencies. Additionally, the company is diversifying into critical minerals like Tungsten and Potash to align with India's energy transition goals.

FY26 EBITDA rose 27% YoY to ₹22,162 crore with a consistent 54% margin.
Record annual mined metal production of 1,114 Kt and silver production of 627 MT.
Zinc cost of production for Q4 FY26 dropped to $903/MT, a 9% YoY decrease.
Total Ore Resources & Reserves (R&R) reached a record 468.6 Mnt, supporting 25+ years of mine life.
Secured Composite License for Tungsten and LOIs for Potash and Rare Earth Elements (REEs).

💡 The combination of record-breaking volumes, cost leadership, and high EBITDA margins makes this a strong operational performance. Investors should monitor LME metal price trends and the progress of the new critical mineral projects for further value unlocking.

Hindustan Zinc Declares First Interim Dividend of ₹11 Per Share for FY 2026-27

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 24 Apr 2026, 02:27 PM

Hindustan Zinc has declared its first interim dividend for the financial year 2026-27 at ₹11 per equity share, which is 550% of the face value. The total dividend payout will amount to ₹4,648 crores, with the record date set for April 30, 2026. The board also approved the audited financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. Additionally, the company confirmed the full utilization of ₹1,400 crore raised through private placement of NCDs in February 2026.

First interim dividend of ₹11 per share (550% on face value of ₹2) declared for FY 2026-27.
Total dividend outflow estimated at ₹4,648 crores.
Record date for dividend eligibility fixed as Thursday, April 30, 2026.
Full utilization of ₹1,400 crore raised via Non-Convertible Debentures for business operations and debt repayment.
Audited financial results for FY26 approved with an unmodified opinion from S.R. Batliboi & Co. LLP.

💡 Investors looking for dividend income should hold the stock before the record date of April 30, 2026. The substantial payout reinforces the company's reputation as a high-yield dividend stock.

Hindustan Zinc Declares ₹11 Interim Dividend; Approves FY26 Financial Results

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 24 Apr 2026, 02:23 PM

Hindustan Zinc's board has approved the audited financial results for the fiscal year ending March 31, 2026, alongside a significant dividend announcement. The company declared its first interim dividend for FY 2026-27 at ₹11 per share, resulting in a total payout of ₹4,648 crores. Additionally, the company confirmed that ₹1,400 crores raised through NCDs in February 2026 has been fully utilized for business operations and capital expenditure. While the audit report is unmodified, it contains an 'Emphasis of Matter' regarding ongoing regulatory inquiries following short-seller allegations.

Declared first interim dividend of ₹11 per equity share (550% of face value) for FY 2026-27.
Total dividend payout amounts to ₹4,648 crores with a record date fixed for April 30, 2026.
Audited financial results for Q4 and FY ended March 31, 2026, received an unmodified audit opinion.
Full utilization of ₹1,400 crores raised via private placement of Non-Convertible Debentures (NCDs) confirmed.
Auditors highlighted ongoing regulatory information requests related to previous short-seller allegations in an 'Emphasis of Matter' note.

💡 Investors seeking dividend income should ensure they hold shares before the April 30, 2026 record date to qualify for the ₹11 per share payout. Monitor the 'Emphasis of Matter' regarding regulatory inquiries for any potential long-term legal or reputational impact.

Hindustan Zinc Declares ₹11 Interim Dividend; Approves FY26 Audited Results

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 24 Apr 2026, 02:17 PM

Hindustan Zinc has declared its first interim dividend of ₹11 per share for FY 2026-27, representing a 550% payout on face value. The total dividend outflow is significant at ₹4,648 crores, with the record date set for April 30, 2026. The board also approved the audited financial results for the year ended March 31, 2026, which received an unmodified opinion from auditors. Additionally, the company confirmed the full utilization of ₹1,400 crores raised through NCDs for business operations and capital expenditure.

First interim dividend of ₹11 per equity share declared for FY 2026-27.
Total dividend payout amounts to ₹4,648 crores with a record date of April 30, 2026.
Full utilization of ₹1,400 crore raised via private placement of NCDs in February 2026.
Auditors issued an unmodified opinion on the consolidated financial results for FY26.
Auditor's report includes an 'Emphasis of Matter' regarding ongoing regulatory inquiries and short-seller allegations.

💡 Investors should ensure they hold shares by the April 30 record date to benefit from the ₹11 dividend. While the dividend yield remains a key attraction, keep a watch on the 'Emphasis of Matter' regarding regulatory inquiries for any potential legal or governance risks.

Hindustan Zinc Declares Rs 11 Interim Dividend; Approves FY26 Financial Results

🟢 POSITIVE ⭐ 9/10

DIVIDEND 📅 24 Apr 2026, 02:11 PM

Hindustan Zinc has approved its audited financial results for the fiscal year ending March 31, 2026, and declared a substantial first interim dividend for FY 2026-27. The board announced a dividend of Rs. 11 per equity share, which translates to a total payout of Rs. 4,648 crores. The company also confirmed the full utilization of Rs. 1,400 crores raised through private placement of NCDs for business operations and capital expenditure. While the audit report is unmodified, it includes an emphasis of matter regarding ongoing regulatory inquiries related to short seller allegations.

Declared first interim dividend of Rs. 11 per share (550% of face value) for FY 2026-27.
Total dividend payout amounts to Rs. 4,648 crores with the record date set for April 30, 2026.
Approved audited consolidated financial results for the quarter and year ended March 31, 2026.
Confirmed 100% utilization of Rs. 1,400 crores raised via NCDs for core business and debt repayment.
Statutory auditors issued an unmodified opinion, though noted an emphasis of matter regarding short seller allegations.

💡 Investors should note the record date of April 30, 2026, to be eligible for the Rs. 11 per share dividend. While the high payout is positive, monitor future disclosures regarding the regulatory inquiries mentioned in the audit report.

Hindustan Zinc to Announce Q4 and FY26 Results on April 24, 2026

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 21 Apr 2026, 05:11 PM

Hindustan Zinc Limited has scheduled its fourth quarter and full-year financial results announcement for the period ended March 31, 2026, on April 24, 2026. Following the announcement, the company will host an earnings conference call at 16:00 IST to discuss operational and financial performance with senior management. As the dominant player with a 74% market share in India's primary zinc market, the results will be a key indicator for the metals and mining sector. Investors will be looking for updates on production guidance and sustainability initiatives like the EcoZen green zinc brand.

Q4 and FY2026 financial results to be declared on April 24, 2026
Earnings conference call scheduled for 16:00 IST on the same day
Company maintains a dominant 74% market share in the primary zinc market in India
Ranked as the world's most sustainable metals and mining company by S&P Global CSA 2025
Playback of the earnings call will be available from April 24 to May 01, 2026

💡 Investors should monitor the April 24 announcement for production volume trends and potential dividend declarations, which are historically significant for this stock. Pay close attention to management commentary on global LME zinc prices and the cost of production.

Hindustan Zinc Wins Bid for Rajasthan Potash Block Covering 1,841 Hectares

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 13 Apr 2026, 04:12 PM

Hindustan Zinc Limited has been declared the successful bidder for the Jhandawali – Satipura Amalgamated Potash and Halite Block in Rajasthan. The company secured the block through the Ministry of Mines' Tranche V critical mineral auctions with a final price offer of 3.05%. The block spans a significant area of 1,841.22 hectares and is currently at the G3 level of exploration. This acquisition marks a strategic expansion for the company into critical minerals beyond its core zinc and lead portfolio.

Declared successful bidder for the Jhandawali – Satipura Amalgamated Potash and Halite Block in Rajasthan.
Won the bid with a final price offer of 03.05% under the Ministry of Mines auction.
The block covers a total area of 1,841.22 hectares and is at the G3 exploration level.
Acquisition follows participation in the Tranche V e-auction for critical and strategic mineral blocks.

💡 Investors should view this as a positive long-term strategic move to diversify the company's mineral asset base. While commercial production is several years away given the G3 exploration stage, it strengthens the company's resource pipeline in the critical minerals sector.

Vedanta Confirms No New Encumbrances on Hindustan Zinc Shares for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Apr 2026, 01:06 PM

Vedanta Limited, the promoter of Hindustan Zinc, has submitted its annual disclosure under Regulation 31(4) of SEBI (SAST) Regulations for the financial year 2025-26. The company confirmed that it has not created any new direct or indirect encumbrances on its shareholding during the year, other than those already disclosed. This is a standard annual compliance filing required by SEBI to maintain transparency regarding promoter share pledging. The filing ensures that investors are aware of the status of promoter holdings and any potential liens against them.

Vedanta Limited filed the annual disclosure under SEBI (SAST) Regulation 31(4) for the financial year ending March 31, 2026.
The promoter confirmed no additional encumbrances were made on Hindustan Zinc shares beyond existing disclosures.
The disclosure was submitted to both BSE and NSE as per regulatory requirements.
The filing confirms that any releases or creations of encumbrances through depositories are automatically captured by exchanges.

💡 This is a routine regulatory filing with no impact on the company's fundamentals. Investors should continue to monitor the overall debt and pledge levels of the Vedanta group as part of their standard risk assessment.

Hindustan Zinc Submits SEBI Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 09 Apr 2026, 03:11 PM

Hindustan Zinc Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended March 31, 2026. The certificate, issued by KFin Technologies Limited, confirms that all share certificates received for dematerialization were processed and listed on the stock exchanges. It also verifies that physical certificates were mutilated and cancelled within the mandatory 15-day timeframe. This is a routine administrative filing ensuring the company's adherence to depository norms.

Compliance certificate issued for the quarter ended March 31, 2026.
Confirmation that dematerialization requests were processed and listed on stock exchanges.
Physical share certificates were mutilated and cancelled within the stipulated 15-day period.
KFin Technologies Limited acted as the Registrar and Share Transfer Agent (RTA) for this process.

💡 No action is required as this is a standard procedural filing. Investors should continue to monitor the company's upcoming financial performance and operational updates.

Hindustan Zinc Hits Record Mined Metal Production of 1,114 kt in FY26

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 02 Apr 2026, 04:07 PM

Hindustan Zinc reported its best-ever annual mined metal production of 1,114 kt for FY26, marking a 2% growth year-on-year. The fourth quarter was particularly strong, achieving record refined metal production of 282 kt, driven by debottlenecking projects at Chanderiya and Dariba. While zinc production saw a 3% annual increase to 851 kt, lead and silver production for the full year declined by 13% and 9% respectively. These operational milestones reflect improved plant availability and higher ore grades despite some sequence-related drops in by-product volumes.

Highest-ever annual mined metal production at 1,114 kt, up 2% YoY.
Record quarterly refined metal production of 282 kt in Q4FY26, up 5% YoY.
Refined zinc production for FY26 reached 851 kt, a 3% increase over the previous year.
Silver production for FY26 stood at 627 tonnes, down 9% YoY due to mining sequences.
Lead production for the full year decreased by 13% to 197 kt on lower plant availability.

💡 Investors should take confidence in the record mined metal volumes as a precursor to strong revenue potential, provided LME zinc prices remain stable. The focus should now shift to the upcoming financial results to see how these production records translate into EBITDA margins and dividend payouts.

Hindustan Zinc to Close Trading Window from April 1 for Q4 and FY26 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Mar 2026, 01:03 PM

Hindustan Zinc Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q4 and full-year financial results for the period ending March 31, 2026. The window will remain closed until 48 hours after the audited standalone and consolidated financial results are declared. The specific date for the board meeting to approve these results will be communicated to the exchanges at a later date.

Trading window closure commences on Wednesday, April 1, 2026.
Closure pertains to the declaration of audited financial results for Q4 and FY ending March 31, 2026.
Window will reopen 48 hours after the public announcement of the financial results.
Complies with SEBI (Prohibition of Insider Trading) Regulations and the Company's internal code.

💡 This is a standard regulatory procedure and does not impact business fundamentals; investors should wait for the Q4 board meeting date announcement to assess financial performance.

Hindustan Zinc Partners with Tata Steel to Scale EcoZen Low-Carbon Zinc Solutions

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 23 Mar 2026, 12:06 PM

Hindustan Zinc has strengthened its long-standing partnership with Tata Steel by integrating 'EcoZen', Asia’s first low-carbon zinc, into steel manufacturing. EcoZen features a carbon footprint of less than 1 tonne of CO2 equivalent per tonne of zinc, which is approximately 75% lower than the global industry average. This collaboration enables Tata Steel to reduce Scope 3 emissions by avoiding roughly 400 kg of CO2 per tonne of galvanized steel. The move reinforces Hindustan Zinc's 77% market share in India while positioning it as a leader in the high-demand green metals segment.

EcoZen delivers over 75% lower carbon intensity than conventional zinc, produced using renewable energy.
The product has a verified carbon footprint of less than 1 tonne of CO2e per tonne of zinc.
Using EcoZen avoids approximately 400 kg of CO2 emissions per tonne of steel galvanized.
Hindustan Zinc maintains a dominant 77% market share in the primary zinc market in India.
The partnership builds on a 20-year strategic relationship between Hindustan Zinc and Tata Steel.

💡 Investors should recognize this as a strategic move to secure long-term contracts with major industrial clients who are increasingly focused on ESG and carbon reduction. This positioning as a 'green' metal provider may allow for premium pricing and better margin protection as global carbon regulations tighten.

View All HINDZINC Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue for Q2 FY26 was INR 8,549 Cr, representing a 4% YoY growth and a 10% QoQ increase. H1 FY26 revenue stood at INR 16,320 Cr, which was almost flat YoY. Segment-specific percentage splits were not disclosed, though the company is a dominant player in the domestic zinc and lead markets.

Geographic Revenue Split

Not specifically disclosed in percentage terms, but the company maintains a dominant position in the domestic Indian market with access to the bulk of lead-zinc deposits in Rajasthan through long-term government agreements.

Profitability Margins

Profit After Tax (PAT) for Q2 FY26 was INR 2,649 Cr, up 14% YoY and 19% QoQ. H1 FY26 PAT was INR 4,883 Cr, up 5% YoY. The PAT margin for Q2 FY26 is approximately 31%.

EBITDA Margin

EBITDA margin for Q2 FY26 was 52%, an improvement of approximately 180 bps YoY and 260 bps QoQ. H1 FY26 EBITDA margin was approximately 51%, up 150 bps YoY. EBITDA for Q2 FY26 reached INR 4,467 Cr, up 7% YoY and 16% QoQ.

Capital Expenditure

The company has planned a total capex of INR 16,000 Cr over the next 3 to 4 years. For FY26, growth capex guidance was revised from USD 350 million to USD 400 million (approx. INR 3,300 Cr). The spending schedule is 20% in the current year, 50% in the next year, and the remainder in FY28.

Credit Rating & Borrowing

CRISIL AAA/Stable rating. Total debt stood at INR 14,012 Cr as of June 30, 2025, compared to INR 11,220 Cr as of March 31, 2025. Net leverage (net debt to EBITDA) remains very low at 0.1 times.

⚙️ Operational Drivers

Raw Materials

Zinc ore and coal are the primary raw materials. Coal costs have softened, and the company is increasing renewable energy consumption to lower power and fuel costs, which are significant components of the cost of production.

Import Sources

Primary ore deposits are sourced from Rajasthan, India. Coal is sourced domestically, with improvements noted in domestic coal consumption efficiency.

Key Suppliers

Vedanta Resources Ltd (ultimate parent) and the Government of India (mining rights and minority shareholder).

Capacity Expansion

Current capacity is approximately 1.123 MTPA (based on FY25 production of 1,052 KT). The company is targeting a stabilized production of 250 KTPA per quarter and is commissioning a new roaster and debottlenecking projects to reach a capacity of 1.128 MTPA.

Raw Material Costs

Zinc Cost of Production (COP) excluding royalty was USD 994 per ton in Q2 FY26, the lowest in 5 years. H1 FY26 COP was USD 1,002 per ton. Costs were reduced by higher by-product realization and softened input commodity prices.

Manufacturing Efficiency

Record ROCE of approximately 65% for the trailing 12 months. Q1 FY26 production was 250 KT, slightly lower than the previous year (262 KT) due to scheduled shutdowns for debottlenecking.

📈 Strategic Growth

Growth Strategy

Growth will be driven by expanding the critical mineral portfolio (Potash, Tungsten, REEs), debottlenecking existing assets to reach 1.128 MTPA, and investing INR 16,000 Cr in capex. The company also aims to become net cash positive by the end of FY26.

Products & Services

Zinc, Lead, Silver, and upcoming critical minerals including Potash, Tungsten, and Rare Earth Elements (REEs).

Brand Portfolio

Hindustan Zinc (HINDZINC).

New Products/Services

Expansion into Potash, Tungsten, and REEs. Expected revenue contribution percentages for these new segments are not yet disclosed.

Market Expansion

Focus on strengthening its position as a future-ready sustainability-driven global leader and inclusion in major indices like Nifty 100 and Nifty Next 50.

Market Share & Ranking

World's largest integrated zinc producer; Top 5 in Nifty Metal Index.

Strategic Alliances

The company is a subsidiary of Vedanta Limited and maintains long-term agreements with the Government of India for mining deposits.

🌍 External Factors

Industry Trends

Zinc is expected to remain in a resilient trading band; lead demand is underpinned by batteries; silver is expected to sustain gains. The industry is shifting toward sustainable mining and critical minerals for the energy transition.

Competitive Landscape

Dominant domestic player with high entry barriers due to mining rights and integrated smelting capacity.

Competitive Moat

Durable competitive advantage through low-cost production (USD 994/ton), integrated operations, and a long mine life of over 25 years with 453.2 MT of reserves and resources.

Macro Economic Sensitivity

Highly sensitive to global zinc and silver prices and domestic infrastructure spending (GDP growth) which drives steel demand.

Consumer Behavior

Increasing demand for silver in industrial and investment sectors and zinc in infrastructure-led galvanization.

Geopolitical Risks

Tepid global growth environment and trade barriers could impact export-driven scale, though integrated operations provide a cost buffer.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by long-term mining agreements with the Government of India and environmental pollution norms for smelting and mining.

Environmental Compliance

Commitment to Sustainability Goals 2030, including GHG emissions reduction and water stewardship. ESG compliance is a key monitorable for credit ratings.

Taxation Policy Impact

Not disclosed in percentage terms for the future, but historical dividend payouts are large to support parent debt.

Legal Contingencies

Not disclosed in terms of specific pending court case values.

⚠️ Risk Analysis

Key Uncertainties

Potential for high dividend outflows to support the debt of the ultimate parent (Vedanta Resources Ltd), which could impact liquidity if operating cash flows weaken.

Geographic Concentration Risk

100% of mining operations are concentrated in Rajasthan, India.

Third Party Dependencies

High dependency on the Government of India for the renewal and maintenance of mining leases.

Technology Obsolescence Risk

The company is mitigating technology risks by transitioning to 240 kiloamps cell houses and leveraging technology for risk mitigation in underground mining.