Hindustan Zinc Limited is India’s largest and the world’s second-largest integrated zinc-lead producer, with significant silver output and a dominant ~78% market share in India’s zinc industry. Headquartered in Udaipur, Rajasthan, the company operates five mines, four zinc smelters, and captive power plants, making it one of the lowest-cost producers globally. As of January 2026, Hindustan Zinc is delivering exceptional returns—ROE of 72.08%, ROCE of 59.98%, and consistent dividend payouts—backed by strong commodity prices and operational efficiency. However, it trades at a premium valuation and remains exposed to metal price volatility. This article provides a data-driven outlook on the Hindustan Zinc share price target 2026–2030.
Hindustan Zinc: Company Overview
- Founded: 1966
- Chairman: Mr. Arun Kumar Singh
- NSE Symbol: HINDZINC
- Core Segments:
- Zinc (65%) – used in galvanizing, alloys, batteries
- Lead (20%) – for automotive batteries
- Silver (10%) – by-product with high margin
- Wind & Solar Power (5%) – captive energy for cost control
- Market Position: #1 in India; among the top 3 global silver producers
Hindustan Zinc benefits from vertical integration, low production costs, and government backing (61.84% promoter holding by the Government of India via Vedanta).
Hindustan Zinc: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹680 |
| Market Capitalization | ₹2,87,532.96 Cr |
| No. of Shares Outstanding | 422.53 Cr |
| 52-Week High / Low | ₹820 / ₹480 |
| P/E Ratio (TTM) | 24.59 |
| P/B Ratio | 16.44 |
| EPS (TTM) | ₹27.67 |
| Book Value (TTM) | ₹41.40 |
| ROE | 72.08% |
| ROCE | 59.98% |
| Dividend Yield | 4.26% |
| Face Value | ₹2 |
| Cash | ₹175 Cr |
| Debt | ₹11,220 Cr |
| Promoter Holding | 61.84% |
| Sales Growth (YoY) | 17.40% |
| Profit Growth (YoY) | 32.00% |
Hindustan Zinc Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹720 – ₹790 |
| 2027 | ₹760 – ₹850 |
| 2028 | ₹800 – ₹920 |
| 2029 | ₹840 – ₹1,000 |
| 2030 | ₹880 – ₹1,090 |
Hindustan Zinc Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹720 | ₹790 |
Hindustan Zinc reported 32% YoY profit growth in FY2025, driven by strong zinc and silver realizations and cost discipline. With ROE of 72% and ROCE of 60%, it ranks among India’s most efficient capital allocators. Trading at a P/E of 24.6x and P/B of 16.4x, the stock reflects a premium valuation—but justified by quality. A 2026 target range assumes stable LME zinc prices (~$2,500/tonne) and no major policy changes.
Hindustan Zinc Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹760 | ₹850 |
If the company sustains 15–18% earnings growth and benefits from green metal demand (zinc for EV batteries), EPS could reach ₹30–₹32 by FY27. Assuming a P/E of 25–26x, the 2027 target range is justified.
Hindustan Zinc Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹800 | ₹920 |
By 2028, benefits from mine life extension and silver monetization should reflect in cash flows. A P/E of 26–27x on projected EPS of ₹31–₹34 supports the ₹800–₹920 band.
Hindustan Zinc Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹840 | ₹1,000 |
Long-term tailwinds include India’s infrastructure push, EV adoption, and rising silver demand in solar panels. If competition doesn’t erode pricing, EPS could reach ₹34–₹36 by FY29. At a P/E of 26–28x, the 2029 target is ₹840–₹1,000.
Hindustan Zinc Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹880 | ₹1,090 |
Over a five-year horizon, Hindustan Zinc remains a high-quality cyclical compounder. A terminal P/E of 27–29x on FY30 EPS (~₹35–₹38) justifies the ₹880–₹1,090 range.
Hindustan Zinc: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Govt. of India via Vedanta) | 61.84% |
| Domestic Institutional Investors (DII) | 32.61% |
| Foreign Institutional Investors (FII) | 1.53% |
| Public & Others | 4.01% |
High promoter and DII holding ensures policy alignment and liquidity. FII stake is low due to ESG concerns around mining.
Hindustan Zinc: Strengths vs Risks
Strengths:
- Industry-leading ROE (72%) and ROCE (60%)
- Lowest-cost zinc producer globally
- Consistent dividend payer (4.26% yield + 100%+ payout ratio)
- Strategic importance to India’s mineral security
Risks:
- High P/B (16.4x) leaves little room for metal price correction
- Exposure to LME zinc/silver volatility
- Environmental and regulatory scrutiny on mining
- Contingent liabilities of ₹12,500 Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average (Beta: 1.3) |
| Dividend/Income Potential | High (4.26% yield + consistent payouts) |
| Best For | Income-focused investors seeking exposure to India’s mining and green metal story |
- Hindustan Zinc: Pure-play metals company with high margins, low debt, and government backing
- Vedanta: Diversified exposure (aluminum, oil, iron ore), but higher debt and corporate governance concerns
Final Verdict
Hindustan Zinc is a world-class mining company with unmatched return ratios and shareholder commitment. While not immune to commodity swings, its strategic position in green metals offers long-term optionality.
Our Hindustan Zinc share price target 2026–2030 (₹720 to ₹1,090) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is substantial if metal prices hold; downside is cushioned by dividend support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Hindustan Zinc Consolidated Page
- Finology Ticker – HINDZINC Financials & Analysis
- Groww.in – Hindustan Zinc Stock Profile
- Ministry of Mines, Government of India – National Mineral Policy 2023
- London Metal Exchange (LME) – Zinc & Silver Price Trends
