Hindustan Zinc Ltd (HINDZINC)

Government to Sell Stake in Hindustan Zinc Through Offer for Sale - 29 Apr, 2024

The Indian government plans to offload its 29.54% stake in Hindustan Zinc through an offer for sale (OFS) after testing the market. The Supreme Court has allowed the government to disinvest its residual stake in the company in the open market.

Hindustan Zinc's Free Cash Flow Exceeds Statutory Profit - 27 Apr, 2024

Hindustan Zinc reported an accrual ratio of -0.12 for the year to March 2024, indicating that its free cash flow was more than its statutory profit. It produced free cash flow of ₹95b during the period, dwarfing its reported profit of ₹77.6b. Its earnings per share fell back over the last year, and there are risks that need to be considered.

Hindustan Zinc Ltd Stock Rises for Third Straight Session - 26 Apr, 2024

Hindustan Zinc Ltd stock is up 3.04% on the day, quoting at Rs 424 on NSE. The stock has gained 36.64% in the last year compared to a 25.57% gain in NIFTY and a 60.74% gain in the Nifty Metal index. PE of the stock is 22.33 based on TTM earnings ending March 24.

Government Opposes Vedanta's Plan to De-merge HZL - 24 Apr, 2024

The Indian government has continued its opposition to Vedanta's proposal to de-merge Hindustan Zinc, even after the promoter changed the plan from a three- to two-way split. A senior official stated that several issues could arise as a result of the split.

Hindustan Zinc Allocates Funds for Capex Amid Revenue Decline - 23 Apr, 2024

Hindustan Zinc sets aside $300M for capex in FY25, while reporting an 11% decline in Q4FY24 revenue. HZL also becomes the world's third-largest producer of silver.

Hindustan Zinc Plans Expansion Amid Bullish Outlook - 22 Apr, 2024

Hindustan Zinc is planning a significant expansion to double its output by August or September, as CEO Arun Misra remains bullish on silver and zinc prices. The company has also earmarked $300 million for capital expenditure in FY25 to build a new roaster in Rajasthan. Brokerages have increased their EBITDA estimates for FY25 and FY26 on capacity addition but feel the stock is factoring in all positives post the recent run.

Hindustan Zinc Q4 FY24 Results Declared - 21 Apr, 2024

Hindustan Zinc's Q4 FY24 results show a decrease in revenue and profit YoY, but an increase compared to the previous quarter. The company delivered positive returns in the last week and has a market cap of ₹171104.3 Cr. Analysts have given mixed ratings with a consensus recommendation to Sell.

Hindustan Zinc Faces Decline in Net Profit Amidst Lower Zinc Prices - 20 Apr, 2024

Hindustan Zinc reports a 21% decline in its Q4FY24 PAT due to lower zinc prices. CEO Arun Misra announces an upcoming OFS announcement by the government.

Hindustan Zinc Reports Weak Q4 Results - 19 Apr, 2024

Hindustan Zinc reported weak Q4FY24 and FY24 results with an 11.7% YoY decline in revenue. The company also reported a 21% YoY drop in Q4 net profit due to depressed zinc prices globally.

Hindustan Zinc Becomes Third-Largest Silver Producer Globally - 18 Apr, 2024

Hindustan Zinc Limited, a Vedanta group company, has become the third largest silver producer globally, with its Sindesar Khurd Mine now standing as the world's second-largest silver-producing mine. The recognition of its Pantnagar silver refinery by the London Bullion Market Association (LBMA) and inclusion in the London Good Delivery list reaffirms the refinery's adherence to international quality standards.

Hindustan Zinc Shares Surge on Positive Developments and Rising Metal Prices - 15 Apr, 2024

Hindustan Zinc's shares have surged by 48% in just nine sessions due to several positive developments and a sharp rally in metal prices. The company has also signed a pact for a waste management pilot project. It will announce its Q4 FY24 results this week.

Hindustan Zinc Shares Surge on New Technology Partnership - 12 Apr, 2024

Hindustan Zinc's partnership with VEXL Environ Projects to implement new technology for increased metal recovery rates and zero waste generation has led to a surge in stock prices by 15.85% over the past week.

Hindustan Zinc Ltd Shares Jump 28% in a Month - 10 Apr, 2024

Hindustan Zinc Ltd's share price has jumped by 28% in the last month, bringing the annual gain to the same percentage. However, the company's earnings have gone into reverse gear, which is not great news for shareholders. The low P/E ratio may be justified, and further investigation is required to determine if it will persist.

Hindustan Zinc Shares Surge on Record Production and High Metal Prices - 09 Apr, 2024

Hindustan Zinc's stock price surged up to 18.34% to hit a 52-week high due to record quarterly refined metal production and rising metal prices. The Nifty Metal sector also performed well with positive momentum across metal names.

Hindustan Zinc Ltd Rises for Fifth Straight Session - 05 Apr, 2024

Hindustan Zinc Ltd stock is up 0.22% on the day, quoting at Rs 338.6 as of 12:44 IST on NSE. The stock has added around 10.1% in the last one month with a PE ratio of 17.14 based on TTM earnings ending December 23.

Hindustan Zinc Reports Record Production Numbers - 03 Apr, 2024

Hindustan Zinc records its highest-ever quarterly refined metal production and best-ever mined metal production. The company also sees an increase in stock price and net profit.

Hindustan Zinc Records Highest-Ever Quarterly Refined Metal Production - 02 Apr, 2024

Hindustan Zinc reports its best-ever mined metal production of 1079 kt in FY24, up 2% YoY. The company's refined zinc and lead production also saw growth.

GE Power India Secures Contract with Hindustan Zinc - 01 Apr, 2024

Hindustan Zinc has awarded GE Power India a contract for the supply of a boiler firing system at its Chanderiya plant, causing a 2.5% rise in the company's stock. Additionally, GE Power India received a separate Rs 9 crore order from Hindustan Zinc for the renovation and modernization of boilers.