# Hindustan Zinc (HINDZINC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/hindzinc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹568.1
- Change: -0.46%
- As of: 2026-11-06
- 1D return: -0.46%
- 5D return: +12.32%
- 1M return: +6.84%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

HINDZINC closed at ₹568.10 on 2026-11-06, trading within a tight intraday range of ₹553.80–₹569.00 following a significant downward weekly gap that opened the prior week with a +13.5% range expansion. The technical setup presents a conflict between short-term bullish positioning and longer-term bearish pressure. On the daily chart, price remains above key moving averages (20-day and 50-day EMAs/SMAs) and the Supertrend, supported by an established trend strength (ADX 26.19). However, the monthly trend is strongly bearish (Supertrend down, ADX 44.5), and the stock sits near the upper end of its 20-day range (+90.9%) while remaining in a -21.9% drawdown from recent highs. Immediate resistance lies just above at the pivot level of ₹568.38, with further hurdles at ₹578.27 (+1.79%). Support is clustered closely below at ₹562.49 (-0.99%) and ₹560.87 (-1.27%). A break below these immediate supports could expose the next layer at ₹550.98.

- Price Structure Conflict: Daily indicators show price above 20/50-period EMAs and Supertrend, but monthly Supertrend remains bearish with strong trend conviction (ADX 44.5).
- Key Levels: Immediate resistance at ₹568.38 (pivot) and ₹578.27; critical support zones at ₹562.49 and ₹560.87, with secondary support at ₹550.98.
- Volatility & Drawdown: High annualized volatility (+37.4%) and ATR (3.2%) persist alongside a current drawdown of -21.9% from available highs.
- Monitoring Condition: A sustained close below ₹560.87 would challenge the daily bullish structure, while a decisive break above ₹578.27 would be required to confirm continuation of the short-term upward momentum.

- Bullish Engulfing Reversal
- Outside Bar
- Bearish Engulfing Reversal

### News Context

Hindustan Zinc Limited announced the launch of two new value-added zinc alloys, VedAZ and VedAyush, on November 4, 2026. Produced at the company’s 30,000-tonne-per-annum facility in Rajpura Dariba, Rajasthan, these products are designed to improve corrosion protection and manufacturing efficiency for the galvanizing industry. The initiative targets demand from infrastructure, automotive, and industrial sectors, aiming to mitigate annual corrosion-related losses estimated at 4.3 per cent of India's GDP. This development reflects a strategic move by Hindustan Zinc Alloys to expand its specialized product portfolio and advance up the zinc value chain. Broader market commentary noted cautious trading sentiment due to global signals, but no specific financial or operational updates regarding Hindustan Zinc were reported outside this product launch.

- Product Launch: Introduced VedAZ and VedAyush alloys on November 4, 2026, to enhance corrosion protection and process efficiency.
- Capacity Utilization: Production leverages the existing 30,000-tonne-per-annum alloy manufacturing facility at Rajpura Dariba, Rajasthan.
- Market Context: Targets sectors facing significant asset durability challenges, addressing corrosion losses estimated at 4.3% of India's GDP.
- Strategic Shift: Supports Hindustan Zinc Alloys' strategy to expand its specialized product portfolio and move up the zinc value chain.

- [Hindustan Zinc expands Zinc product offerings with new alloys, VedAZ and VedAyush - The Times of India](https://timesofindia.indiatimes.com/business/india-business/hindustan-zinc-expands-zinc-product-offerings-with-next-gen-alloys-vedaz-and-vedayush/articleshow/135542506.cms)
- [Hindustan Zinc launches VedAZ & VedAyush value-added products](https://www.thehindubusinessline.com/companies/hindustan-zinc-launches-two-new-value-added-products/article71665504.ece)
- [GIFT Nifty down 93 pts; NSE, Lupin, CleanMax, Cocord Biotech, MK Sons among top stocks in focus](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-93-pts-nse-lupin-cleanmax-cocord-biotech-mk-sons-among-top-stocks-in-focus-565549-2026-11-04)

### Official Filings

Hindustan Zinc Limited disclosed two material developments in early November 2026. On November 3, the company launched two new value-added zinc alloys, VedAZ and VedAyush, targeting the galvanizing industry with claims of improved process efficiency and coating performance. These products are available globally. Concurrently, HINDZINC filed a notice for a postal ballot seeking shareholder approval to enhance its aggregate limit for loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013. The proposed resolution aims to increase this limit from ₹15,000 crore to ₹30,000 crore. The remote e-voting period runs from November 4, 2026, to December 3, 2026. Additionally, Dr. Yogesh Attray was appointed as an Independent Director for three years starting August 14, 2026.

- HINDZINC launched VedAZ (Zinc-Aluminium) and VedAyush (Zinc-Aluminium-Magnesium) alloys on November 3, 2026, for global markets.
- Shareholder approval is sought via postal ballot (Nov 4–Dec 3, 2026) to raise investment/loan limits from ₹15,000 crore to ₹30,000 crore.
- Dr. Yogesh Attray joined as Independent Director effective August 14, 2026, for a three-year term.

- [HINDUSTAN ZINC LIMITED has informed the Exchange about Product launch (Sub-para 3-Para B) |SUBJECT: Product launch (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1231_WebXMLFile_20261104_104900477.xml)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_04112026175446_SEIntimation04112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026145713_SEintimationfinal03112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1231_WebXMLFile_20261103_152042668.xml)
- [Hindustan Zinc Limited has informed the Exchange about Product launch |SUBJECT: Product launch](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026180851_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Hindustan Zinc Expands Value-Added Zinc Product Offerings with Next-Gen Alloys VedAZ and VedAyush for the Galvanizing Industry ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026181504_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_30102026160701_SEIntimation30102026.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_23102026153438_SEIntimation23102026.pdf)
- [HINDUSTAN ZINC LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1231_WebXMLFile_20261023_153727458.xml)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_20102026174101_SEIntimation20102026.pdf)

### Fundamentals

Hindustan Zinc (HINDZINC) has demonstrated a significant acceleration in financial performance, transitioning from modest historical growth to robust expansion. For the quarter ended September 2026, sales surged 76% year-on-year to ₹14,961 crore, while operating profit more than doubled to ₹9,134 crore and net profit jumped to ₹6,317 crore. This momentum continued into FY2026-27, with Q2 revenue reaching ₹15,093 crore and net profit rising sequentially to ₹6,412 crore. Earnings quality remains strong, evidenced by Cash Flow from Operations (CFO) of ₹16,857 crore for FY2026, which exceeds the prior year’s ₹14,127 crore. The company is actively deleveraging; borrowings fell to ₹6,654 crore as of September 2026, down from ₹10,964 crore in March 2025, while interest costs dropped sharply to ₹88 crore in the Sep 2026 quarter. Return on Capital Employed (ROCE) improved to 69% in FY2026, reflecting efficient capital deployment despite rising Capital Work-in-Progress (CWIP) to ₹4,361 crore. Shareholding patterns show a gradual dilution of promoter stake (60.71% in Sep 2026) alongside increased FII participation (2.37%).

- Revenue and profit growth accelerated sharply: Sep 2026 sales rose 76% YoY to ₹14,961 crore, with net profit tripling to ₹6,317 crore.
- Balance sheet health improved significantly: Borrowings declined to ₹6,654 crore (Sep 2026) and interest expenses fell to ₹88 crore (Q2 FY2026-27).
- Operating efficiency strengthened: ROCE reached 69% in FY2026, supported by robust CFO of ₹16,857 crore.
- Next checkpoint: Monitor if sequential revenue and profit growth in Q3 FY2026-27 sustains the high-growth trajectory established in Q2.

### Bull Case

Hindustan Zinc is advancing its strategy to move up the value chain through the launch of two new specialized zinc alloys, VedAZ and VedAyush. These products are designed to enhance corrosion protection and manufacturing efficiency for the galvanizing industry, targeting infrastructure, automotive, and industrial sectors. The company is leveraging its existing 30,000-tonne-per-annum alloy manufacturing facility at Rajpura Dariba, Rajasthan, to address annual corrosion-related losses estimated at 4.3% of India's GDP. This product expansion represents a constructive shift toward higher-margin, value-added offerings.

Technically, the stock shows signs of short-term stabilization despite a broader bearish monthly trend. As of November 6, 2026, the daily Supertrend indicator has flipped to bullish, with the Plus DI (32.32) significantly exceeding the Minus DI (20.66), suggesting renewed buying interest on shorter timeframes. The stock closed at ₹568.10, holding above immediate support levels near ₹562.49. While the stock remains in a significant drawdown (-21.9%) and has declined 7.2% year-to-date, the alignment of daily momentum indicators with a strategic product rollout provides a conditional basis for monitoring potential recovery.

- Hindustan Zinc launched VedAZ and VedAyush alloys to target the 4.3% GDP loss from corrosion, utilizing its 30,000 tonne/annum Rajpura Dariba facility.
- Daily technicals show a bullish Supertrend reversal as of November 6, 2026, with Plus DI (32.32) leading Minus DI (20.66).
- The stock closed at ₹568.10, maintaining position above key daily support at ₹562.49 despite a -21.9% current drawdown.
- Monthly trend remains bearish with a Supertrend signal indicating downside pressure, contrasting with the improved daily momentum.

- [Hindustan Zinc expands Zinc product offerings with new alloys, VedAZ and VedAyush - The Times of India](https://timesofindia.indiatimes.com/business/india-business/hindustan-zinc-expands-zinc-product-offerings-with-next-gen-alloys-vedaz-and-vedayush/articleshow/135542506.cms)
- [Hindustan Zinc launches VedAZ & VedAyush value-added products](https://www.thehindubusinessline.com/companies/hindustan-zinc-launches-two-new-value-added-products/article71665504.ece)
- [GIFT Nifty down 93 pts; NSE, Lupin, CleanMax, Cocord Biotech, MK Sons among top stocks in focus](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-93-pts-nse-lupin-cleanmax-cocord-biotech-mk-sons-among-top-stocks-in-focus-565549-2026-11-04)
- [HINDUSTAN ZINC LIMITED has informed the Exchange about Product launch (Sub-para 3-Para B) |SUBJECT: Product launch (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1231_WebXMLFile_20261104_104900477.xml)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_04112026175446_SEIntimation04112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026145713_SEintimationfinal03112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1231_WebXMLFile_20261103_152042668.xml)
- [Hindustan Zinc Limited has informed the Exchange about Product launch |SUBJECT: Product launch](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026180851_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Hindustan Zinc Expands Value-Added Zinc Product Offerings with Next-Gen Alloys VedAZ and VedAyush for the Galvanizing Industry ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026181504_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_30102026160701_SEIntimation30102026.pdf)

### Bear Case

Hindustan Zinc faces notable near-term headwinds, evidenced by a -7.2% year-to-date return and a significant -10.5% decline over the past six months as of November 6, 2026. The stock is currently trading at ₹568.10, reflecting a -0.5% drop on the day, with technical indicators showing mixed signals: while the daily Supertrend remains bullish, both weekly and monthly trends are bearish. The share price is testing immediate support levels at ₹562.49 and ₹560.87, sitting just below resistance at ₹568.38. Volatility remains elevated, with an annualized volatility of +37.4% and a current drawdown of -21.9%, underscoring the risk of further downside if broader market caution persists.

- YTD performance is negative (-7.2%), with a six-month return of -10.5% and a current drawdown of -21.9%.
- Technical trend is divergent: daily Supertrend is bullish, but weekly and monthly trends are bearish.
- Price action is constrained between immediate support at ₹562.49 and resistance at ₹568.38.
- High volatility (annualized +37.4%) increases sensitivity to market sentiment shifts.

- [Hindustan Zinc expands Zinc product offerings with new alloys, VedAZ and VedAyush - The Times of India](https://timesofindia.indiatimes.com/business/india-business/hindustan-zinc-expands-zinc-product-offerings-with-next-gen-alloys-vedaz-and-vedayush/articleshow/135542506.cms)
- [Hindustan Zinc launches VedAZ & VedAyush value-added products](https://www.thehindubusinessline.com/companies/hindustan-zinc-launches-two-new-value-added-products/article71665504.ece)
- [GIFT Nifty down 93 pts; NSE, Lupin, CleanMax, Cocord Biotech, MK Sons among top stocks in focus](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-93-pts-nse-lupin-cleanmax-cocord-biotech-mk-sons-among-top-stocks-in-focus-565549-2026-11-04)
- [HINDUSTAN ZINC LIMITED has informed the Exchange about Product launch (Sub-para 3-Para B) |SUBJECT: Product launch (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1231_WebXMLFile_20261104_104900477.xml)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_04112026175446_SEIntimation04112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026145713_SEintimationfinal03112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1231_WebXMLFile_20261103_152042668.xml)
- [Hindustan Zinc Limited has informed the Exchange about Product launch |SUBJECT: Product launch](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026180851_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Hindustan Zinc Expands Value-Added Zinc Product Offerings with Next-Gen Alloys VedAZ and VedAyush for the Galvanizing Industry ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026181504_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_30102026160701_SEIntimation30102026.pdf)

### FAQs

**What new products has Hindustan Zinc launched, and what is their strategic purpose?**

On November 3, 2026, the company launched two zinc alloys, VedAZ (Zinc-Aluminium) and VedAyush (Zinc-Aluminium-Magnesium), manufactured at its Rajpura Dariba facility. These value-added products target infrastructure, automotive, and industrial sectors to improve corrosion protection and process efficiency, aiming to mitigate annual GDP losses estimated at 4.3% due to corrosion.

**What corporate governance changes are pending shareholder approval?**

A postal ballot is scheduled from November 4 to December 3, 2026, seeking approval to increase the aggregate limit for loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013. The proposed resolution would raise this limit from ₹15,000 crore to ₹30,000 crore. Dr. Yogesh Attray was appointed as an Independent Director on August 14, 2026.

**How is the stock performing technically over different timeframes?**

As of November 6, 2026, the daily trend is bullish with a closing price of ₹568.10, while weekly and monthly trends remain bearish. Year-to-date returns are -7.2%, though the stock is up +21.6% over one year. Current technical levels show resistance near ₹568.38 and support around ₹562.49, with an annualized volatility of +37.4%.

- [Hindustan Zinc expands Zinc product offerings with new alloys, VedAZ and VedAyush - The Times of India](https://timesofindia.indiatimes.com/business/india-business/hindustan-zinc-expands-zinc-product-offerings-with-next-gen-alloys-vedaz-and-vedayush/articleshow/135542506.cms)
- [Hindustan Zinc launches VedAZ & VedAyush value-added products](https://www.thehindubusinessline.com/companies/hindustan-zinc-launches-two-new-value-added-products/article71665504.ece)
- [GIFT Nifty down 93 pts; NSE, Lupin, CleanMax, Cocord Biotech, MK Sons among top stocks in focus](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-93-pts-nse-lupin-cleanmax-cocord-biotech-mk-sons-among-top-stocks-in-focus-565549-2026-11-04)
- [HINDUSTAN ZINC LIMITED has informed the Exchange about Product launch (Sub-para 3-Para B) |SUBJECT: Product launch (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1231_WebXMLFile_20261104_104900477.xml)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_04112026175446_SEIntimation04112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026145713_SEintimationfinal03112026.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1231_WebXMLFile_20261103_152042668.xml)
- [Hindustan Zinc Limited has informed the Exchange about Product launch |SUBJECT: Product launch](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026180851_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Hindustan Zinc Expands Value-Added Zinc Product Offerings with Next-Gen Alloys VedAZ and VedAyush for the Galvanizing Industry ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026181504_SEintimationproduct.pdf)
- [Hindustan Zinc Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_30102026160701_SEIntimation30102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹568.38
- Risk regime: Price Risk Requires Attention

### Support levels
- 562.4859375000001
- 534.45
- 515.9000000000001

### Resistance levels
- 631.675
- 656.7
- 678.25

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.46% |
| return_10 | +14.54% |
| return_1m | +1.87% |
| return_1y | +21.60% |
| return_20 | +6.84% |
| return_3m | -3.71% |
| return_5 | +12.32% |
| return_6m | -10.48% |
| return_since_start | +27.94% |
| return_ytd | -7.17% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -32.94% |
| annualized_volatility | +37.36% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Hindustan Zinc Limited Q2 FY2026-27: Profit rises 142% year on year

Hindustan Zinc reported consolidated revenue from operations of ₹15,093 crore for the quarter ended 30 September 2026, up 9.8% quarter on quarter and 76.5% year on year. Profit for the period rose 17.2% sequentially to ₹6,412 crore and was 142.1% higher than in Q2 FY2025-26; revenue growth also outpaced expense growth quarter on quarter.

## Revenue and expenses

Revenue from operations increased from ₹13,747 crore in Q1 FY2026-27 to ₹15,093 crore in Q2. Expenses rose 2.2% over the same period, from ₹6,749 crore to ₹6,895 crore.

Revenue has increased in each of the past four reported quarters, from ₹10,980 crore in Q3 FY2025-26 and ₹13,544 crore in Q4 FY2025-26 to ₹13,747 crore in Q1 FY2026-27 and ₹15,093 crore in Q2 FY2026-27.

## Earnings and per-share results

Profit before tax was ₹8,572 crore, up 17.2% from ₹7,314 crore in Q1 FY2026-27 and 142.0% from ₹3,542 crore in Q2 FY2025-26. Tax expense increased 17.1% sequentially to ₹2,160 crore. Profit for the period reached ₹6,412 crore, compared with ₹5,469 crore in the previous quarter and ₹2,649 crore a year earlier.

Basic and diluted earnings per share were both ₹15.18, versus ₹12.94 in Q1 FY2026-27 and ₹6.27 in Q2 FY2025-26. Comprehensive income was ₹6,380 crore, up from ₹5,606 crore sequentially; other comprehensive income was negative ₹32 crore in Q2.

## Balance sheet and investments

At 30 September 2026, total assets were ₹47,470 crore, compared with ₹35,595 crore at 30 September 2025. Equity increased to ₹29,966 crore from ₹13,697 crore, while total liabilities declined to ₹17,504 crore from ₹21,898 crore.

Current investments stood at ₹14,791 crore, up from ₹7,839 crore a year earlier, and capital work in progress increased to ₹4,396 crore from ₹2,996 crore. Current borrowings declined to ₹3,072 crore from ₹5,928 crore, while noncurrent borrowings fell to ₹3,099 crore from ₹4,773 crore.

## Segment results

Segment revenue from operations rose 11.9% quarter on quarter to ₹14,582 crore, while segment profit before tax increased 17.2% to ₹8,572 crore. Segment finance costs fell to ₹88 crore from ₹132 crore in Q1 FY2026-27. Other unallocable expenditure, net of unallocable income, increased to ₹295 crore from ₹246 crore.

## Key Takeaway

Hindustan Zinc combined strong year-on-year profit growth with further sequential revenue gains, as quarterly expenses grew more slowly than revenue. At the reporting date, equity and current investments were higher and borrowings lower than a year earlier.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +60.71%
- FII holding: +2.36%
- DII holding: +4.84%
- Mutual fund holding: +1.77%
- Retail holding: +3.17%
- Promoter pledged: +0.00%

### Major reported shareholders

- VEDANTA LIMITED — +60.71% (Bodies Corporate)
- PRESIDENT OF INDIA A/C HINDUSTAN ZINC LTD — +27.92%
- LIFE INSURANCE CORPORATION OF INDIA — +2.24%
- THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MASTE — +0.01% (Other)

## Official filings

- 2026-11-04 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1231_WebXMLFile_20261104_104900477.xml)
- 2026-11-04 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_04112026175446_SEIntimation04112026.pdf)
- 2026-11-03 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026145713_SEintimationfinal03112026.pdf)
- 2026-11-03 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1231_WebXMLFile_20261103_152042668.xml)
- 2026-11-03 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026180851_SEintimationproduct.pdf)
- 2026-11-03 — Press Release: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_03112026181504_SEintimationproduct.pdf)
- 2026-10-30 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_30102026160701_SEIntimation30102026.pdf)
- 2026-10-23 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_23102026153438_SEIntimation23102026.pdf)
- 2026-10-23 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1231_WebXMLFile_20261023_153727458.xml)
- 2026-10-20 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_20102026174101_SEIntimation20102026.pdf)
- 2026-10-19 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_19102026153330_Finaloutcome.pdf)
- 2026-10-19 — Press Release: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_19102026154508_SEintimationpressrelease.pdf)
- 2026-10-19 — Earnings Presentation: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_19102026154642_SEintimationinvestorpresentation.pdf)
- 2026-10-19 — Financial Results Filing: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1742062_19102026081803_WEB.xml)
- 2026-10-19 — Financial Results Filing: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1742064_19102026081830_WEB.xml)
- 2026-10-17 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_17102026175015_SEintimationpostalballotresults.pdf)
- 2026-10-16 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_16102026130541_SEIntimation16102026.pdf)
- 2026-10-14 — Shareholding Disclosure: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737993_14102026055738_WEB.xml)
- 2026-10-13 — Board Meeting Notice: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_13102026173843_SEintimationBM13102026.pdf)
- 2026-10-13 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_13102026184659_FinalSEIntimation.pdf)
- 2026-10-13 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1231_WebXMLFile_20261013_185431319.xml)
- 2026-10-13 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1231_WebXMLFile_20261013_185235272.xml)
- 2026-10-13 — Board Meeting Notice: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1231_WebXMLFile_20261013_185431319.xml)
- 2026-10-08 — Regulatory Filing: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VEDL1_10082026115350_53872.zip)
- 2026-10-07 — Generic Announcement: Hindustan Zinc Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HINDZINCNSE_07102026145947_SEIntimation06102026.pdf)

## News and market events

- 2026-11-04 — Times of India: **Hindustan Zinc expands Zinc product offerings with new alloys, VedAZ and VedAyush - The Times of India** — Hindustan Zinc Limited has launched two next-generation zinc alloys, VedAZ and VedAyush, designed to enhance process efficiency and corrosion protection for the galvanizing value chain. These products aim to address India's significant annual GDP losses due to corrosion by improving asset durability in infrastructure, automotive, and industrial sectors. The launch leverages the company's 30,000-tonne-per-annum alloy manufacturing facility at Rajpura Dariba, Rajasthan. — [Source](https://timesofindia.indiatimes.com/business/india-business/hindustan-zinc-expands-zinc-product-offerings-with-next-gen-alloys-vedaz-and-vedayush/articleshow/135542506.cms)
- 2026-11-04 — The Hindu: **Hindustan Zinc launches VedAZ & VedAyush value-added products** — Hindustan Zinc has launched two new value-added zinc alloys, VedAZ and VedAyush, designed to enhance coating consistency, corrosion protection, and manufacturing efficiency for the galvanising industry. These products target growing demand from infrastructure, automotive, and manufacturing sectors, aiming to address annual corrosion-related losses estimated at 4.3 per cent of India's GDP. The launch supports the company's strategy to expand its specialised product portfolio and move up the zinc value chain through its subsidiary, Hindustan Zinc Alloys. — [Source](https://www.thehindubusinessline.com/companies/hindustan-zinc-launches-two-new-value-added-products/article71665504.ece)
- 2026-11-04 — BUSINESSTODAY: **GIFT Nifty down 93 pts; NSE, Lupin, CleanMax, Cocord Biotech, MK Sons among top stocks in focus** — Indian equity markets are expected to open cautiously as traders assess signals from US mid-term elections and crude oil movements, with GIFT Nifty futures indicating a weak start. Key stocks in focus include the National Stock Exchange of India, which reported a 23% year-on-year jump in net profit for the September quarter, and Lupin, which received FDA approval for Raltegravir Tablets in the US. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-93-pts-nse-lupin-cleanmax-cocord-biotech-mk-sons-among-top-stocks-in-focus-565549-2026-11-04)
- 2026-10-29 — Mint: **Vedanta’s metals and oil businesses post strong Q2, steel and power lag | Company Business News** — Vedanta Ltd reported strong Q2 financial results with revenue rising 6% year-on-year to ₹2,488 crore and profit attributable to shareholders turning positive at ₹746 crore, reversing a previous year's loss. The performance was driven by significant profit growth in its metals and oil businesses, while steel operations continued to post losses. — [Source](https://www.livemint.com/companies/vedantas-metals-and-oil-businesses-post-strong-q2-steel-and-power-lag-11793283371470.html)
- 2026-10-29 — Mint: **Best Vedanta stock to buy after Q2 results 2026: Vedanta Iron and Steel, Vedanta Oil and Gas, others — Which is better? | Stock Market News** — Hindustan Zinc reported strong Q2FY27 results with revenue of ₹14,582 crore and EBITDA margin of 61.3%, while Vedanta Ltd posted a record consolidated net profit of ₹6,202 crore and reduced its net debt significantly. — [Source](https://www.livemint.com/market/stock-market-news/best-vedanta-stock-to-buy-after-q2-results-2026-vedanta-iron-and-steel-vedanta-oil-and-gas-others-which-is-better-11793255299161.html)
- 2026-10-28 — Economic Times: **Metals thrust, strong growth engines power Vedanta's stellar July-September** — The metals-to-oil conglomerate's profit in Q2 was boosted by higher base metal prices. Vedanta attributed its robust Q2 show to higher commodity prices and favourable foreign exchange movements, among other things. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/metals-thrust-strong-growth-engines-power-vedantas-stellar-july-september/articleshow/135260476.cms)
- 2026-10-28 — The Hindu: **Indian miner Vedanta posts quarterly profit rise on surge in base metal prices** — Vedanta posts a 9.11% quarterly profit rise as base metal prices, especially zinc and copper, lift revenue and margins. — [Source](https://www.thehindubusinessline.com/companies/indian-miner-vedanta-posts-quarterly-profit-rise-on-surge-in-base-metal-prices/article71635183.ece)
- 2026-10-27 — BUSINESSTODAY: **Critical minerals push: Can metal producers help secure domestic supply chains? Hindustan Zinc's Priya Agarwal Hebbar weighs in** — India's efforts to secure reliable supplies of critical minerals could create new opportunities for established metals producers, as demand rises from clean energy, infrastructure, advanced manufacturing and emerging technologies. — [Source](https://www.businesstoday.in/latest/story/critical-minerals-push-can-metal-producers-help-secure-domestic-supply-chains-hindustan-zincs-priya-agarwal-hebbar-weighs-in-563979-2026-10-27)
- 2026-10-27 — The Hindu: **Hindustan Zinc’s long-term investments yield results, says chairperson Hebbar** — Hindustan Zinc's long-term investments boost output, efficiency, and profits through debottlenecking, tech-led mining, and growth in critical minerals. — [Source](https://www.thehindubusinessline.com/companies/hindustan-zincs-long-term-investments-yield-results-says-chairperson-hebbar/article71630146.ece)
- 2026-10-21 — Mint: **Should you buy Vedanta shares after subsidiary Hindustan Zinc beats D-Street estimates in Q2 results? What analyst says** — Emkay Global retained its Buy rating on Vedanta with a ₹350 target price after Hindustan Zinc’s second-quarter profit surged 142% year on year and EBITDA beat estimates. Lower production costs and strong operating performance underpin the brokerage’s FY27 earnings outlook. — [Source](https://www.livemint.com/market/stock-market-news/should-you-buy-vedanta-shares-after-subsidiary-hindustan-zinc-beats-d-street-estimates-in-q2-results-what-analyst-says-11792576290440.html)
- 2026-10-21 — MONEYCONTROL: **Hindustan Zinc shares fall 3% post-Q2 results; Motilal Oswal gives 'neutral' rating for Vedanta group stock** — Hindustan Zinc,Hindustan Zinc share price, Hindustan Zinc share price target,Hindustan Zinc q2 results, Hindustan Zinc quarterly results — [Source](https://www.moneycontrol.com/news/business/markets/hindustan-zinc-shares-fall-3-post-q2-results-motilal-oswal-gives-neutral-rating-for-vedanta-group-stock-14056718.html)
- 2026-10-21 — MONEYCONTROL: **Neutral Hindustan Zinc; target of Rs 600: Motilal Oswal** — Motilal Oswal, Neutral, Hindustan Zinc, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/neutral-hindustan-zinc-target-of-rs-600-motilal-oswal-14056658.html)
- 2026-10-21 — BUSINESSTODAY: **Hindustan Zinc shares rise 4% as brokerages weigh Q2 results, silver price outlook** — Hindustan Zinc, Hindustan Zinc share price, Hindustan Zinc stock, Hindustan Zinc Q2 results, Hindustan Zinc target price, HSBC Hindustan Zinc target, Jefferies Hindustan Zinc, Nuvama Hindustan Zinc, Motilal Oswal, Citi target price, zinc prices, silver prices, Vedanta, metal stocks, brokerage ratings, FY27 earnings, LME zinc — [Source](https://www.businesstoday.in/markets/stocks/story/hindustan-zinc-shares-rise-4-as-brokerages-weigh-q2-results-silver-price-outlook-562705-2026-10-21)
- 2026-10-21 — Economic Times: **Hindustan Zinc shares jump 4% after Q2 net profit more than doubles. Why Jefferies cut target price?** — Hindustan Zinc reported a 142% year-on-year jump in Q2FY27 net profit to Rs 6,412 crore, while revenue rose 77% to Rs 15,093 crore. Despite strong earnings, Jefferies cut its target price to Rs 650 from Rs 750, citing silver price volatility and lower price assumptions for the coming years. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/hindustan-zinc-shares-in-focus-after-q2-net-profit-more-than-doubles-why-did-jefferies-cut-target-price/articleshow/135081741.cms)
- 2026-10-21 — Mint: **Hindustan Zinc share jumps 4% after strong Q2 results 2026 | Should you buy Vedanta Group stock? Target, stop loss** — Hindustan Zinc share price opened at the day's high of ₹559.85, as compared to previous close of ₹538.40 on Monday. — [Source](https://www.livemint.com/market/stock-market-news/hindustan-zinc-share-jumps-4-after-strong-q2-results-2026-check-target-price-stop-loss-11792556202644.html)
- 2026-10-21 — Mint: **Hindustan Zinc’s Q2 earnings glow on lower costs, higher metal prices** — Hindustan Zinc’s earnings are benefiting from higher silver and zinc prices, lower production costs and stronger volumes. But easing metal prices could temper the momentum in Q3FY27. — [Source](https://www.livemint.com/market/mark-to-market/hindustan-zinc-q2-earnings-share-price-silver-zinc-prices-profit-growth-11792555389675.html)
- 2026-10-21 — BUSINESSTODAY: **Hindustan Zinc shares: Buy, hold or sell this Vedanta arm? HZL target prices** — HZL share price target, Hind Zinc share price, Hindustan Zinc share priec today, Hind Zinc target price, HZL share price target, HZL news, Hindustan Zinc news, vedanta news — [Source](https://www.businesstoday.in/markets/stocks/story/hindustan-zinc-shares-buy-hold-or-sell-this-vedanta-arm-hzl-target-prices-562662-2026-10-21)
- 2026-10-21 — BUSINESSTODAY: **GIFT Nifty up 116 points; RIL, HD Fire, Infosys, Hind Zinc, IREDA, Adani among top stocks in focus** — GIFT Nifty, GIFT Nifty today, GIFT Nifty cues, GIFT Nifty signals, GIFT Nifty cues today, GIFT Nifty signals today, Stocks in news, Stocks to buy, Stocks to watch, Stocks in buzz, Stocks in focus, Reliance, HD Fire Protect, Infosys, Bajaj Finance, LTTS, Hind Zinc, ICICI Pru AMC, IREDA, Adani Group stocks — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-up-116-points-ril-hd-fire-infosys-hind-zinc-ireda-adani-among-top-stocks-in-focus-562660-2026-10-21)
- 2026-10-21 — Mint: **Top stocks to watch today: Eternal, Reliance Industries, IREDA, RailTel shares in focus on Wed, 21 Oct | Full list** — Top stocks to watch: Eternal, Adani Green, Reliance Industries, IREDA, Bajaj Finance, Hindustan Zinc, Waaree Renewable Technologies are among the shares that will remain in focus on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-eternal-reliance-industries-ireda-railtel-shares-in-focus-on-wed-21-oct-full-list-11792546323951.html)
- 2026-10-21 — Economic Times: **Stocks in news: Reliance Industries, Eternal, IREDA, Yes Bank, Trent and Hindustan Zinc** — Indian equity benchmarks experienced a decline as profit-booking occurred amid rising crude oil prices. The Nifty 50 dropped significantly, closing at 22,889 after disappointing corporate earnings. Reliance Industries aims to raise funds through its initial public offering today, which is highly anticipated. Other companies such as IREDA and Yes Bank reported mixed financial results for the quarter. Investors are closely monitoring these developments and their potential market impacts. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-eternal-ireda-yes-bank-trent-and-hindustan-zinc/articleshow/135074022.cms)
- 2026-10-20 — CNBC-TV18: **Nifty Outlook for October 21: Higher oil prices dampen index recovery; focus back at lower levels** — The Nifty Bank too has closed very near to its near-term support zone of 55,500 and in case there happens to be sustained selling below that mark, it can take the index back down to 55,000 or even 54,500 on the downside. Any potential recovery on the upside could encounter hurdles at 56,000. — [Source](https://www.cnbctv18.com/market/trade-setup-nifty-prediction-outlook-october-21-jio-platforms-ipo-banks-higher-crude-key-levels-20015526.htm)
- 2026-10-20 — CNBC-TV18: **Stocks to Watch for October 21: Bajaj Finance, Hind Zinc, IREDA, LTTS and more** — From Bajaj Finance, Hind Zinc, IREDA, LTTS reporting their Q2 results to Harish Bhat resigning as Non-Executive, Non-Independent Director of Trent; these are stocks to track ahead of Wednesday trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-21-bajaj-finance-hind-zinc-ireda-ltts-and-more-20015256.htm)
- 2026-10-20 — Mint: **Hindustan Zinc shares: Experts bullish on Anil Agarwal-led metal stock after robust Q2 results 2026 | Target, stop-loss** — Hindustan Zinc share price target: Experts have predicted a long term target price of ₹677 for Anil Agarwal's metal stock — [Source](https://www.livemint.com/market/stock-market-news/hindustan-zinc-shares-experts-bullish-on-anil-agarwal-led-metal-stock-after-robust-q2-results-2026-target-stoploss-11792474520524.html)
- 2026-10-20 — Mint: **Why should you buy Vedanta shares despite strong Hindustan Zinc Q2 results 2026? Experts' views, target price, stop-loss** — Vedanta shares are expected to react positively after the strong Hindustan Zinc Q2 results 2026, believe experts — [Source](https://www.livemint.com/market/stock-market-news/why-should-you-buy-vedanta-shares-despite-strong-hindustan-zinc-q2-results-2026-experts-views-target-price-stoploss-11792469059843.html)
- 2026-10-19 — Economic Times: **Hind Zinc eyes lower production costs after record Q2 profit, sales** — Hindustan Zinc reported its highest-ever profit and sales for the September quarter and the first half of the fiscal year. The company expects zinc production costs to be between $825 and $850 per tonne this year. Consolidated revenue for the September quarter surged to an all-time high of ₹15,093 crore. The net profit increased significantly to ₹6,412 crore compared to the previous year. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/hind-zinc-hits-record-profits-eyes-on-lower-zinc-production-costs-amid-rising-demand/articleshow/135055436.cms)

## Business profile

**Strategic vision:** Integrated producer of zinc, lead, and silver.

### Business segments
- **Integrated Zinc, Lead, and Silver Operations:** The company operates across the entire value chain, from ore extraction through fully mechanized underground mines to metal refining in digitally advanced smelting facilities.

### Competitive strengths
- Integrated operations across the value chain from mining to refining.
- Ownership of multiple zinc-lead mines and smelting facilities in India.
- Production of essential metals like zinc, lead, and silver for industrial applications.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/hindzinc
Markdown representation: https://faxioms.com/stocks/hindzinc?render=md