Hindustan Zinc Share Price

Hindust͏an Zinc Ltd., with operations based in Rajasthan, is a majo͏r Indian producer of zinc, lead and silver. The company͏ has large integrated mines and smelter operations and is a significant provider of base metals used across construction, infrastructure, automobiles, energy and manufacturing. The scale and operational efficiency of Hindustan Zinc and its integrated production model mak͏e it a significant player in the Indian metals and mining industry. The H͏industan Zinc share price on ͏ NSE and BSE reflects how investors react to the prices of metals, production volumes, cost efficiency, and other events in the g͏lobal ͏commodities market.  

Hindustan Zinc stock price is influenced by several factors such as zinc and silver prices, mining output, smelting capacity utilisation, input costs like power and fuel, and export demand. Over the longer term, expansion of mining capacity, improvements in ore grades, cost optimisation, and global metal supply trends shape how the market values the company. Environmental regulations, royalty frameworks, and international metal cycles also affect sentiment around the stock. 

Hindustan Zinc live share price provides real-time information on traded price, bid and ask levels, and volumes on the exchanges. These indicators show how traders and investors react to quarterly results, changes in metal prices, production updates, and global commodity movements. Continuous monitoring of Hindustan Zinc live price helps track short-term volatility and shows how the stock behaves compared to the broader metals and mining segment. 

Furthermore, tracking the Hindustan Zinc share price today helps assess how the stock performs relative to other listed metal producers and relevant market indices. This comparison places Hindustan Zinc within the metals sector and shows how it moves in relation to the broader equity market. 

Hindustan Zinc Ltd. Company Fundamentals 

Company Background 

Hindustan Zinc, incorporated in 1966 and commencing commercial operations in the late 1960s, is India’s only integrated zinc producer and among the largest globally. With over five decades of experience in base metals production, the company prioritises employee safety and sustainable resource management through advanced technology and innovation. Its total R&R base of 453.2 million tonnes and an average zinc-lead grade of 6.5% ensure a mine life exceeding 25 years and long-term production stability. 

The company ranks as the world’s second-largest zinc-lead miner, the fourth-largest zinc-lead smelter, and the sixth-largest silver producer globally. In India, Hindustan Zinc commands approximately 77% of the primary zinc market, underscoring its scale, market influence, and leadership in domestic and international metals markets. 

A subsidiary of Vedanta Limited, which holds a 61.84% stake, with the Government of India retaining 27.92%, Hindustan Zinc operates lead-zinc mines, hydrometallurgical and pyrometallurgical smelters, sulphuric acid plants, and captive power facilities across Rajasthan and Uttarakhand. Key mines include Zawar Group, Rajpura Dariba, Sindesar Khurd, Rampura Agucha, and Kayad, complemented by processing facilities at Debari, Chanderiya, Dariba, and a silver refinery at Pantnagar. With a total metal production capacity of 1.123 million tonnes, the company remains a dominant player in India’s metals sector. 

Hindustan Zinc Company Product Lines 

Primary Products 

• Refined Zinc Metal – including highpurity zinc ingots used in galvanising, corrosion protection, diecast alloys, and other industrial applications 
• Refined Lead Metal – highpurity lead ingots used in leadacid batteries, construction, electrical cables, and defence applications 
• Refined Silver – produced as a byproduct, used in jewellery, electrical contacts, tableware, investment products, and solar PV panels 

ByProducts 

• Cadmium – recovered during smelting operations as a byproduct of zinc and lead processing 
• Sulphuric Acid – produced as a byproduct at smelter facilities, used in fertilizers, chemicals, detergents, and industrial applications 

ValueAdded and Alloy Products 

• Continuous Galvanising Grade Zinc – zinc product tailored for consistent coating applications 
• Special High Grade (SHG) Zinc & SHG Jumbos – higher purity zinc grades used for specialised industrial needs 
• DieCast Alloys and Zinc Alloys – zinc alloy products for automotive, consumer goods, and manufacturing applications 
• Zinc Dust – fine zinc powder used for chemical processes and metal finishing 
• Silver Mini Bars and Silver Powder – refined silver forms for investment and industrial uses 

Hindustan Zinc Company Revenue Model 

Core Revenue Streams 

• Zinc and Lead Sales: The primary source of revenue, generated from the sale of refined zinc and lead products to domestic and international markets. This segment consistently represents the largest share of total revenue. 
• Silver Sales: Revenue from the sale of silver, produced as a by-product during the zinc and lead refining process. Silver contributes a meaningful portion of the company’s total revenue due to its value and demand. 
• Export Revenue: Revenue from exports of zinc, lead, and related products, contributing to global sales and enhancing geographic diversification. 
• Long-Term Contracts: Income from long-term supply contracts for zinc and lead, which provide predictable demand and revenue visibility. 
• By-product Recycling & Sales: Income from recycling and sale of by-products such as cadmium and other minor metals derived from the smelting process. 

Hindustan Zinc Geographic Presence 

Primary Operational Locations – India 

• Udaipur District, Rajasthan – Major mine and processing operations. 
• Chittorgarh District, Rajasthan – Leadzinc mining and smelter activities. 
• Bhilwara District, Rajasthan – Mining and related infrastructure facilities. 
• Rajsamand District, Rajasthan – Rampura Agucha Mine and other zinclead operations. 
• Ajmer District, Rajasthan – Integrated mining support and resource infrastructure. 
• Uttarakhand (Pantnagar) – Silver refinery and valueaddition facilities. 

Key Mines and Processing Units 

• Zawar Group of Mines – One of the oldest and most significant leadzinc mining clusters. 
• Rajpura Dariba Mine – Large leadzinc ore production facility. 
• Sindesar Khurd Mine – Highgrade zinclead mining operation. 
• Rampura Agucha Mine – One of the world’s largest and most productive zinc mines. 
• Kayad Mine – Additional integrated mining operations supporting overall output. 
• Debari Smelter – Zinc smelting and refining unit. 
• Chanderiya Smelter – Zinc smelting operations. 
• Dariba Smelter – Leadzinc smelting and processing unit. 
• Pantnagar Silver Refinery (Uttarakhand) – Dedicated facility for refining silver byproduct. 

Supporting & Ancillary Facilities 

• Captive Power Plants – Power generation facilities supporting mining and smelting operations across Rajasthan. 
• Sulphuric Acid Production Units – Produced as byproduct from smelting processes used within internal operations and for sale. 

Hindustan Zinc Leadership  

Some of the key leaders of Hindustan Zinc, as of January 2026 are – 

• Arun Misra – Chief Executive Officer 
• Sandeep Modi – Chief Financial Officer 
• Kishore Kumar S – Chief Operating Officer 
• Munish Vasudeva – Chief Human Resources Officer 

Key Milestones 

• 1966: Foundation of Debari Smelter laid. 
• 1978: Vizag Smelter commissioned; Balaria Mine at Zawar commissioned. 
• 1984: Rajpura Dariba Mine commissioned. 
• 1989: Chanderiya Smelter inaugurated; Rampura Agucha production commenced. 
• 2002: Sterlite Group (now Vedanta Ltd.) acquired 26% equity stake in Hindustan Zinc. 
• 2005: Hydro I commissioned; Hindustan Zinc became the 3rd largest integrated zinc producer in the world. 
• 2007: Sindesar Khurd Mine commissioned with production capacity of 0.3 million MTPA; Hydro II commissioned. 
• 2009: Hindustan Zinc became the 2nd largest integrated zinc producer in the world. 
• 2012: New silver refinery at Pantnagar with capacity of 500 MT commissioned. 
• 2013: Commercial production commenced at Rampura Agucha Underground Mine and Kayad Mine. 
• 2016: Hindustan Zinc shared a special dividend of 1200% with its shareholders—the largest single dividend in India’s private sector. 
• 2018: Rampura Agucha completely transitioned from open cast to underground; Hindustan Zinc became the only private sector Indian company to feature in the London Bullion Market Association list. 
• 2024: Ranked #1 in S&P Global Corporate Sustainability Assessment (CSA) 2023; commissioned India’s first Fumer facility, alloy plant, and Rajpura Dariba Mill; incorporated Hindmetal Exploration Services Private Limited. 
• 2025: Achieved record metal production; became the world’s largest integrated zinc producer; among top 5 producers of silver globally; launched Asia’s first low carbon ‘green’ zinc; ranked #1 in S&P Global CSA 2024; recognized among top 10 wealth creators on Nifty 200. 

Industry Perspective 

India’s metals and mining sector is a vital engine of the nation’s industrial expansion, underpinning major areas such as infrastructure, construction, automotive manufacturing, and renewable energy growth. The sector contributes substantially to national production, GDP, and employment, and its performance is closely monitored as part of core industrial metrics. India’s steel demand is expected to grow by around 10%, driven by expanding infrastructure projects like roads, railways, and urban development initiatives, while zinc demand is anticipated to double over the next 510 years due to rising infrastructure and industrial activity. Zinc, lead, and silver — essential for corrosion protection, batteries, electronics, and green technologies — are crucial to both domestic manufacturing and export markets. Policy support such as the government’s PLI schemes, mineral exploration reforms, and foreign investment liberalisation further bolster the industry outlook. Longterm forecasts suggest robust expansion in metal production capacities and downstream valueadded processes, positioning India as a significant global metals supplier with strong growth prospects through 2030 and beyond. 

Hindustan Zinc Ltd. Stock Market Presence: Listings & Index Representation 

Hindustan Zinc Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India and has been part of Indian public markets since its listing following government disinvestment in the early 2000s. Over time, the company evolved from a public-sector entity into a professionally managed, large-cap metals producer with consistent presence on both exchanges. 

Hindustan Zinc is included in key benchmark and thematic indices such as the Nifty 500, Nifty 200, NIFTY Midcap 100, Nifty Midcap 150, Nifty Metal, Nifty Commodities, Nifty Dividend Opportunities 50, and Nifty Alpha 50. These inclusions reflect the company’s market capitalisation, liquidity, and relevance within the metals, commodities, and midcap universe. 

Hindustan Zinc stock price remains closely tracked by market participants due to its scale, dividend profile, and exposure to global metal cycles. Listing on NSE and BSE supports liquidity, while index inclusion ensures steady participation from index-linked and institutional investors across domestic and global markets. 

Hindustan Zinc Ltd. Stock Performance and Share Price History 

Hindustan Zinc’s stock performance reflects the evolution of a mining company operating within global commodity cycles and India’s industrial growth, with the Hindustan Zinc share price often mirroring shifts in metal demand and industrial activity. The stock experienced sharp price changes across different phases driven by metal prices, production capacity, and macroeconomic conditions, which were consistently reflected in movements of the Hindustan Zinc stock price. 

The early 2000s showed extreme volatility in the Hindustan Zinc share price. In 2006, the stock delivered a sharp rise of 5,283.71 percent as operations stabilised and market participation increased, marking a major turning point for the Hindustan Zinc stock price. This followed declines of -10.38 percent in 2002 and -14.25 percent in 2003, reflecting early market uncertainty and pressure on the Hindustan Zinc share price. The 2008 global financial crisis caused a decline of -59.17 percent, followed by a strong rebound of 240.67 percent in 2009 as metal demand recovered, leading to sharp swings in the Hindustan Zinc share price and renewed momentum in the Hindustan Zinc stock price. 

From 2010 to 2017, performance stabilised with steady growth, including gains of 13.92 percent in 2010, 20.44 percent in 2012, 32.57 percent in 2014, and 72.46 percent in 2016. These years reflected rising industrial demand and improving operational efficiency, which supported a more consistent Hindustan Zinc share price trend and reduced volatility in the Hindustan Zinc stock price, helping the Hindustan Zinc share price maintain gradual upward movement. 

Between 2018 and 2020, the stock faced pressure due to weaker global growth and commodity softness, with declines of -1.16 percent in 2018 and -24.55 percent in 2019, followed by recovery of 37.05 percent in 2020. This period highlighted sensitivity of the Hindustan Zinc share price to global cues, while the Hindustan Zinc stock price reflected cautious investor sentiment and recovery-driven optimism, influencing overall Hindustan Zinc share price behaviour. 

The period from 2021 onward showed renewed strength in the Hindustan Zinc share price. The stock rose 39.34 percent in 2021, 13.79 percent in 2022, 14.88 percent in 2023, 47.26 percent in 2024, and 40.67 percent in 2025, reflecting strong metal prices and stable production, which consistently lifted the Hindustan Zinc stock price. In 2026, the stock showed a moderate gain of 2.93 percent, indicating consolidation after a strong multi-year rally and stabilisation in both the Hindustan Zinc share price and the Hindustan Zinc stock price, while keeping the Hindustan Zinc share price supported by long-term fundamentals. 

During the COVID-19 period, industrial demand slowed temporarily, but mining operations remained functional, and recovery followed quickly with infrastructure spending and manufacturing recovery, reinforcing long-term confidence in the Hindustan Zinc share price trajectory. 

Hindustan Zinc Ltd. Investor Relevance and Portfolio Role 

Hindustan Zinc serves as a core holding within metals and commodities portfolios due to its scale, integrated operations, and exposure to global zinc and silver markets. Its inclusion in indices such as Nifty Metal and Nifty Commodities reflects its role in India’s industrial and infrastructure supply chain. 

The company has a broad institutional ownership base. Major institutional holders include Vedanta Limited, Life Insurance Corporation of India, The Vanguard Group, Kotak Mahindra Asset Management Company Limited, Nippon Life India Asset Management Limited, Goldman Sachs Asset Management, ICICI Prudential Asset Management, BlackRock, and Aditya Birla Sun Life AMC. 

Prominent mutual fund and global fund holders include Kotak Equity Arbitrage Fund, Vanguard Total International Stock ETF, Vanguard FTSE Emerging Markets ETF, Aditya Birla Sun Life Enhanced Arbitrage Fund, Nippon Arbitrage Fund, Vanguard Institutional Total International Index Trust, Goldman Sachs Emerging Markets Core Equity Portfolio, Invesco India Arbitrage Fund, SBI Arbitrage Opportunities Fund, and ICICI Prudential funds. 

Hindustan Zinc also sees activity in derivatives markets, where open interest and rollover patterns reflect expectations around metal prices, earnings announcements, and global commodity cycles. Technical indicators such as RSI, MACD, and MFI offer insight into short-term momentum. 

The stock shows moderate volatility. The long-term beta stands at 0.696, indicating lower volatility than the broader market. Shorter-term beta values show variation, with daily one-month beta at 1.61, daily three-month beta at 0.920, weekly one-year beta at 1.56, weekly two-year beta at 1.28, two-week two-year beta at 1.19, and monthly two-year beta at 0.430. Mean and standard deviation values across periods reflect normal fluctuations associated with commodity-linked stocks. 

Hindustan Zinc Ltd. Sectoral Relevance and Peer Positioning 

Hindustan Zinc’s sector relevance comes from its scale in mining, smelting, and metal refining, positioning it as a key supplier within India’s metals ecosystem. Peer comparisons with companies such as Hindalco Industries, Vedanta, NMDC, Coal India, Tata Steel, and JSW Steel focus on production scale, cost efficiency, metal mix, and export exposure rather than short-term price movements. 

Hindustan Zinc sectoral importance is also reflected in financial and market metrics that demonstrate its scale, stability, and systemic impact. 

Hindustan Zinc P/E ratio reflects how the market values its earnings from mining and refining operations. The P/E stood at 27.1 in January 2026, compared to 15.0 in 2023 and 10.7 in 2022. Earlier years showed lower valuation multiples, such as 7.70 in 2018, 6.70 in 2017, and 7.30 in 2016. The rising multiple reflects higher metal prices and improved earnings visibility. 

Hindustan Zinc EPS reflects operational profitability. EPS stood at ₹22.69 in 2025 TTM, compared to ₹21.46 in 2023 and ₹27.02 in 2022. Earlier EPS values included ₹26.31 in 2018, ₹32.43 in 2017, and ₹23.56 in 2016, showing cyclical earnings aligned with metal prices. 

Hindustan Zinc market cap reached ₹2.764 trillion in 2026, up from ₹2.689 trillion in 2025 and ₹1.930 trillion in 2024. Earlier years included ₹1.345 trillion in 2023, ₹1.338 trillion in 2021, and ₹1.009 trillion in 2020, reflecting the company’s growing scale within Indian equity markets. 

Hindustan Zinc earnings grew from ₹73.66 billion in 2012 to ₹135.30 billion in 2024 and ₹143.88 billion TTM in 2025, with fluctuations during downturns such as 2019 and 2020. These trends show how earnings track metal cycles, production levels, and global demand. 

Summary 

Hindustan Zinc Limited, a leading integrated zinc, lead, and silver producer in India, operates extensive mining and smelting facilities primarily in Rajasthan and Uttarakhand. Its scale, operational efficiency, and diversified product lines—including refined metals, alloys, and by-products—position it as a dominant player domestically and globally. The company’s share price reflects metal prices, production volumes, cost management, and global commodity trends, while its inclusion in major indices underscores investor interest. Over decades, Hindustan Zinc has demonstrated consistent growth, sustainable operations, and long-term market relevance.