Metals & Mining · NSE: HINDZINC
Intrynsic's multi-model valuation estimates Hindustan Zinc Limited's fair value at ₹489 per share (range ₹489–₹623) against a market price of ₹563 - a gap of -13.1% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹563
close of 29 Sept 2026
Est. fair value
₹489
₹489–₹623
Gap
-13.1%
price vs estimate
Trading close to our estimated fair value (-13% gap). Assumptions and per-model workings are below.
Hindustan Zinc is India's largest zinc, lead and silver producer, majority-owned by Vedanta with the government as a large minority holder. Its profits follow global metal prices and are paid out mostly as dividends.
Metals & Mining · Non-Ferrous Metals
Over the last 3 years, revenue grew 6.2%/yr and profit grew 9.6%/yr.
Every ₹100 of shareholder money earned ₹61.1 in profit last year, vs a sector median of 10.1%.
It holds more cash than debt.
The market price is close to our estimated fair value (based on stated assumptions).
About ₹101 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values Hindustan Zinc Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| EV/EBITDAIndustry Comparison Method | ₹489 | -13% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹623 | +11% | - |
| P/E MultipleEarnings Multiple Method | ₹730 | +30% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 22.8% a year for the next decade - versus 8.5% historical revenue growth.
| Revenue | ₹40,844 Cr | |
| Net profit | ₹13,832 Cr | |
| EPS | ₹32.74 | |
| Free cash flow | ₹11,746 Cr | |
| ROE (latest) | 61.1% | |
| Revenue growth (CAGR) | 10.0% | |
| Profit growth (CAGR) | 5.8% |
Intrynsic's multi-model valuation estimates Hindustan Zinc Limited's fair value at ₹489 per share (range ₹489–₹623), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
Hindustan Zinc Limited trades at ₹563 against Intrynsic's estimated fair value of ₹489 - the market price is 13% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Hindustan Zinc Limited trades at about 17.2 times its latest annual earnings per share.
Hindustan Zinc is India's largest zinc, lead and silver producer, majority-owned by Vedanta with the government as a large minority holder. Its profits follow global metal prices and are paid out mostly as dividends.
Intrynsic runs 3 valuation models for Hindustan Zinc Limited (EV/EBITDA, EV/EBIT, P/E Multiple) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy