Hindustan Zinc Ltd
Incorporated in 1966, Hindustan Zinc in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and now the 3rd largest Silver producer. 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]
- Market Cap ₹ 2,76,336 Cr.
- Current Price ₹ 654
- High / Low ₹ 808 / 285
- Stock P/E 35.5
- Book Value ₹ 36.0
- Dividend Yield 1.99 %
- ROCE 46.3 %
- ROE 55.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.2%
Cons
- Stock is trading at 18.1 times its book value
- The company has delivered a poor sales growth of 6.50% over past five years.
- Promoters have pledged 98.4% of their holding.
- Working capital days have increased from 3.72 days to 75.7 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12,700 | 13,636 | 14,788 | 14,181 | 17,273 | 22,082 | 21,118 | 18,561 | 22,629 | 29,440 | 34,098 | 28,934 | |
6,172 | 6,717 | 7,338 | 7,923 | 7,534 | 9,812 | 10,448 | 9,691 | 10,957 | 13,214 | 16,577 | 15,273 | |
Operating Profit | 6,528 | 6,919 | 7,450 | 6,258 | 9,739 | 12,270 | 10,670 | 8,870 | 11,672 | 16,226 | 17,521 | 13,661 |
OPM % | 51% | 51% | 50% | 44% | 56% | 56% | 51% | 48% | 52% | 55% | 51% | 47% |
1,966 | 1,881 | 2,788 | 3,127 | 2,474 | 1,956 | 1,782 | 1,911 | 1,819 | 1,082 | 1,373 | 1,103 | |
Interest | 27 | 45 | 24 | 17 | 202 | 246 | 113 | 112 | 386 | 290 | 333 | 955 |
Depreciation | 647 | 785 | 644 | 745 | 1,811 | 1,483 | 1,883 | 2,279 | 2,531 | 2,917 | 3,264 | 3,466 |
Profit before tax | 7,820 | 7,970 | 9,570 | 8,623 | 10,200 | 12,497 | 10,456 | 8,390 | 10,574 | 14,101 | 15,297 | 10,343 |
Tax % | 12% | 13% | 15% | 5% | 18% | 26% | 24% | 19% | 25% | 32% | 31% | 25% |
6,899 | 6,905 | 8,178 | 8,175 | 8,316 | 9,276 | 7,956 | 6,805 | 7,980 | 9,630 | 10,520 | 7,787 | |
EPS in Rs | 16.33 | 16.34 | 19.35 | 19.35 | 19.68 | 21.95 | 18.83 | 16.11 | 18.89 | 22.79 | 24.90 | 18.43 |
Dividend Payout % | 19% | 21% | 23% | 144% | 149% | 36% | 106% | 102% | 113% | 79% | 303% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 9% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 0% |
3 Years: | 0% |
TTM: | -26% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 23% |
3 Years: | 24% |
1 Year: | 110% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 29% |
3 Years: | 39% |
Last Year: | 55% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 | 845 |
Reserves | 31,431 | 36,573 | 42,508 | 36,540 | 29,960 | 35,087 | 32,760 | 39,465 | 31,468 | 33,437 | 12,097 | 14,388 |
0 | 0 | 0 | 0 | 7,908 | 0 | 2,538 | 611 | 7,201 | 2,844 | 11,881 | 8,722 | |
3,190 | 4,259 | 5,639 | 15,810 | 13,082 | 7,000 | 6,315 | 6,054 | 6,213 | 7,545 | 10,631 | 9,949 | |
Total Liabilities | 35,465 | 41,677 | 48,992 | 53,195 | 51,795 | 42,932 | 42,458 | 46,975 | 45,727 | 44,671 | 35,454 | 33,904 |
8,484 | 9,147 | 9,446 | 10,385 | 9,993 | 11,302 | 14,778 | 16,469 | 16,808 | 17,396 | 17,620 | 18,055 | |
CWIP | 1,082 | 1,541 | 2,005 | 2,428 | 3,071 | 3,220 | 2,254 | 2,489 | 1,922 | 2,075 | 2,107 | 1,529 |
Investments | 14,540 | 22,506 | 27,254 | 35,221 | 23,783 | 20,222 | 19,488 | 20,329 | 12,957 | 15,052 | 10,107 | 10,452 |
11,360 | 8,482 | 10,288 | 5,161 | 14,948 | 8,188 | 5,938 | 7,688 | 14,040 | 10,148 | 5,620 | 3,868 | |
Total Assets | 35,465 | 41,677 | 48,992 | 53,195 | 51,795 | 42,932 | 42,458 | 46,975 | 45,727 | 44,671 | 35,454 | 33,904 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,785 | 5,471 | 5,531 | 6,451 | 7,588 | 9,800 | 8,781 | 6,621 | 10,567 | 12,691 | 15,133 | 13,343 | |
-3,269 | -3,955 | -3,807 | -3,236 | 12,007 | 2,396 | -1,092 | -2,648 | -2,435 | 846 | 6,558 | -3,405 | |
-1,255 | -1,577 | -1,902 | -3,214 | -11,266 | -18,612 | -9,630 | -2,098 | -9,697 | -12,258 | -23,224 | -9,946 | |
Net Cash Flow | 261 | -62 | -178 | 1 | 8,329 | -6,416 | -1,941 | 1,875 | -1,565 | 1,279 | -1,533 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 12 | 11 | 16 | 3 | 3 | 3 | 3 | 7 | 7 | 9 | 4 | 2 |
Inventory Days | 620 | |||||||||||
Days Payable | 225 | |||||||||||
Cash Conversion Cycle | 407 | 11 | 16 | 3 | 3 | 3 | 3 | 7 | 7 | 9 | 4 | 2 |
Working Capital Days | 11 | -1 | -14 | -347 | -208 | -67 | -54 | -44 | -56 | -27 | -37 | 76 |
ROCE % | 23% | 20% | 25% | 20% | 26% | 33% | 28% | 22% | 26% | 37% | 50% |
Documents
Announcements
- Production Release For The First Quarter Ended June 30, 2024 11h
- Business Responsibility and Sustainability Reporting (BRSR) 13h
- The Register Of Members And Share Transfer Books Of The Company Will Remain Closed From Wednesday, July 24, 2024 To Sunday, July 28, 2024 (Both Days Inclusive) For The Purpose Of The AGM. 13h
- Reg. 34 (1) Annual Report. 14h
- Notice Of 58Th Annual General Meeting ('AGM'), Integrated Report And Annual Accounts For The Financial Year 2023-24 14h
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jun 2024TranscriptNotesPPT
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May 2020TranscriptPPT
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Aug 2019TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Oct 2016TranscriptPPT
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Jul 2016TranscriptPPT
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Apr 2016TranscriptPPT
**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 presence
Company exports accounted for 25% of turnover. [2] [3]