Hindustan Zinc Financial Statements

Name: Hindustan Zinc Financials — historical data
Creator: StockeZee

For Mar 2026, Hindustan Zinc reported revenue of ₹40,844 crore and net profit of ₹13,832 crore. Return on equity stands at 76.60%. Profit & loss, balance sheet and cash flow across 5 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹40,844 Cr
EBITDA: ₹22,064 Cr
Operating margin: 54.02%
Profit after tax: ₹13,832 Cr
Net margin: 33.87%
EPS: ₹32.74
Latest year: Mar 2026
Years reported: 5

Hindustan Zinc profit & loss

Reported annual performance for Hindustan Zinc, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Hindustan Zinc annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	29,440	33,272	28,932	34,083	40,844
Sales Growth YoY %	—	13.02%	-13.04%	17.8%	19.84%
Other Income	1,216	2,205	1,074	983	1,090
Total Income	30,656	35,477	30,006	35,066	41,934
Cost of Goods Sold (COGS)	-278	-143	-157	-64	-195
Changes in Inventories	-278	-143	-157	-64	-195
Gross Profit	29,718	33,415	29,089	34,147	41,039
Gross Margin %	100.94%	100.43%	100.54%	100.19%	100.48%
Total Operating Expenses	13,493	16,735	15,433	16,759	18,975
Employee Benefit Expense	718	845	828	886	771
Other Expenses	12,775	15,890	14,605	15,873	18,204
EBITDA	16,225	16,680	13,656	17,388	22,064
OPM %	55.11%	50.13%	47.2%	51.02%	54.02%
Total Non-Operating Expenses	3,073	3,597	4,423	4,652	4,696
Depreciation & Amortisation	2,917	3,264	3,468	3,640	3,790
Finance Costs	290	333	955	1,095	881
Exceptional Items (Before Tax)	-134	0	0	-83	25
Profit Before Tax (PBT)	14,100	15,288	10,307	13,553	18,508
Tax Expense	4,471	4,777	2,548	3,200	4,676
Current Tax	2,445	3,431	2,549	3,226	4,599
Deferred Tax	2,026	1,346	-1	-26	77
Effective Tax %	31.71%	31.25%	24.72%	23.61%	25.26%
Total Profit for Period	9,629	10,511	7,759	10,353	13,832
Net Profit (Owner's PAT)	9,629	10,511	7,759	10,353	13,832
Net Profit Margin %	32.71%	31.59%	26.82%	30.38%	33.87%
PAT Growth YoY %	—	9.16%	-26.18%	33.43%	33.6%
Earnings Per Share (EPS)	₹22.79	₹24.88	₹18.36	₹24.5	₹32.74
Diluted Shares Outstanding (Cr.)	423	423	423	423	423
Other Comprehensive Income (Net of Tax)	-55	41	-3	31	-229
Expenses	16,556	20,189	19,699	21,513	23,426
Material Cost %	0%	0%	0%	0%	0%
Employee Cost %	2.44%	2.54%	2.86%	2.6%	1.89%
Other Cost %	43.39%	47.76%	50.48%	46.57%	44.57%
Interest Coverage (x)	45.89	40.29	10.67	12.56	20.74

Hindustan Zinc revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Hindustan Zinc balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Hindustan Zinc annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	34,281	12,932	15,195	13,326	22,629
Equity Share Capital	845	845	845	845	845
Reserves & Surplus	33,436	12,087	14,350	12,481	21,784
Total Equity	34,281	12,932	15,195	13,326	22,629
Non-Current Liabilities	4,295	5,082	7,859	9,965	8,467
Long-term Borrowings	2,117	1,519	4,246	5,990	4,614
Deferred Tax Liabilities	942	2,314	2,311	2,292	2,265
Non-Current Provisions	212	189	199	200	200
Other Non-Current Liabilities	1,024	1,060	925	56	—
Non-Current Financial Liabilities	2,117	1,519	4,424	6,510	5,035
Current Liabilities	6,094	17,453	10,841	11,199	11,274
Short-term Borrowings	726	10,362	4,210	4,661	3,638
Trade Payables	2,319	2,395	2,505	2,204	3,073
Current Financial Liabilities	4,946	15,176	8,217	9,289	9,817
Other Current Financial Liabilities	1,901	2,419	1,502	2,424	3,106
Other Current Liabilities	860	1,687	2,126	1,403	868
Current Provisions	32	26	21	19	32
Current Tax Liabilities	256	564	477	312	386
Total Liabilities	10,389	22,535	18,700	21,164	19,741
Total Non-Current Assets	20,688	20,663	21,270	22,864	25,770
Property, Plant & Equipment (PPE)	17,165	17,530	17,971	18,485	19,846
Capital Work-in-Progress	2,075	2,237	1,696	2,606	3,409
Intangible Assets	231	92	180	58	43
Non-Current Investments	—	257	578	823	1,114
Loans – Non-Current	2	—	—	1	1
Other Non-Current Assets	1,159	435	714	731	1,238
Non-Current Financial Assets	58	369	709	919	1,186
Net Fixed Assets	19,471	19,859	19,847	21,149	23,298
Total Current Assets	23,982	14,804	12,625	11,626	16,600
Inventories	1,953	1,862	1,926	1,889	2,054
Trade Receivables	716	380	155	117	399
Cash & Cash Equivalents	1,592	59	53	96	297
Current Investments	15,052	9,850	9,874	9,149	13,354
Loans – Current	2	3	1	1	1
Current Financial Assets	21,566	11,734	10,264	9,485	14,137
Other Current Assets	463	336	435	251	409
Other Current Financial Assets	33	89	59	41	64
Current Tax Assets	—	872	—	1	—
Net Working Capital	17,888	-2,649	1,784	427	5,326
Additional Asset Fields	—	—	—	1,083	1,138
Def Govt Grants Curr	—	—	—	176	171
Def Govt Grants Nc	—	—	—	907	967
Total Assets	44,670	35,467	33,895	34,490	42,370
Total Borrowings	2,843	11,881	8,456	10,651	8,252
Net Debt	1,251	11,822	8,403	10,555	7,955
Debt to Equity (x)	0.08	0.92	0.56	0.8	0.36
Current Ratio (x)	3.94	0.85	1.16	1.04	1.47

Hindustan Zinc cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Hindustan Zinc annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	12,691	15,129	13,346	14,160	17,008
Profit Before Tax	14,100	15,288	10,307	13,553	18,508
Depreciation & Amortisation	2,917	3,264	3,468	3,640	3,790
Finance Costs	290	333	955	1,095	881
Working Capital Changes	-1,198	557	1,407	65	-618
Tax Paid	-2,391	-3,140	-1,757	-3,385	-4,552
Net Cash from Investing Activities	846	6,562	-3,406	-2,706	-8,906
Purchase of PPE	-2,998	-3,561	-3,866	-4,006	-5,275
Sale of Fixed Assets	30	19	51	7	13
Interest Received	936	1,438	538	663	718
Net Cash from Financing Activities	-12,258	-23,224	-9,946	-11,411	-7,901
Proceeds from Borrowings	9	14,958	12,070	14,512	3,165
Repayment of Borrowings	-4,324	-5,980	-15,419	-12,327	-5,558
Interest Paid	-332	-287	-1,028	-1,209	-978
Dividend Paid	-7,606	-31,901	-5,493	-12,253	-4,225
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-5	-14	0	-134	-206
Net Change in Cash	1,279	-1,533	-6	43	201
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	9,693	11,568	9,480	10,154	11,733
CFO / PBT (x)	0.9	0.99	1.29	1.04	0.92

Hindustan Zinc key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Hindustan Zinc trades at a P/E of 13.24× against a sector median of 16.32× — a 19% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Hindustan Zinc valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	13.24
Forward P/E	Valuation	13.02
P/B	Valuation	9.99
PEG (TTM)	Valuation	1.67
EV / EBITDA (TTM)	Valuation	10.83
P/S (TTM)	Valuation	5.05
Operating margin	Profitability	54.1%
Net margin (TTM)	Profitability	35.7%
Return on equity	Return ratios	76.6%
Return on capital employed	Return ratios	69.5%
Return on assets	Return ratios	30.08%
Debt to equity	Leverage & liquidity	0.39
Beta	Leverage & liquidity	1.11
EPS (TTM)	Per share	₹40.41
Book value	Per share	₹53.56
Revenue / share (TTM)	Per share	₹94.05
Cash flow / share	Per share	₹40.25
Dividend yield	Shareholder returns	3.91%
Dividend payout (TTM)	Shareholder returns	64.4%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Hindustan Zinc: frequently asked questions

What is Hindustan Zinc's annual revenue?

Hindustan Zinc reported revenue of ₹40,844 crore in Mar 2026, up 19.8% on the previous financial year.

Is Hindustan Zinc profitable?

Hindustan Zinc reported a net profit of ₹13,832 crore in Mar 2026, up 33.6% on the previous financial year.

What is Hindustan Zinc's EPS?

Hindustan Zinc reported earnings per share of ₹32.74 for Mar 2026.

What is Hindustan Zinc's operating margin?

Hindustan Zinc's operating margin for Mar 2026 was 54.02%.

What is Hindustan Zinc's return on equity?

Hindustan Zinc's return on equity stands at 76.60%. ROE measures profit generated per rupee of shareholder equity.

How many years of Hindustan Zinc financials are shown?

5 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Hindustan Zinc Limited (HINDZINC) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.