Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Limited, is India’s largest zinc producer and one of the leading integrated mining companies in the world. As of October 2025, its share price trades between ₹505 and ₹523 on NSE and BSE. The company is backed by a strong balance sheet, efficient operations, and a steady record of dividend payouts.
HZL continues to attract investors because of its consistent profits, low production costs, and growing opportunities in industries like infrastructure, renewable energy, and electric vehicles — all of which are driving long-term zinc demand. With a clear plan to increase its production capacity to 2 million tonnes per year by 2030 and achieve net-zero emissions by 2050, the company is well-positioned for steady growth.
In this article, we’ll take a closer look at Hindustan Zinc’s fundamentals, financial performance, and detailed share price targets from 2025 to 2050. We’ll also explore the key factors influencing its growth, expert opinions, and what long-term investors should watch for in this metal giant’s future journey.
About the Company
Founded in 1966 and headquartered in Udaipur, Rajasthan, Hindustan Zinc Limited operates under Vedanta Group with over 75% market share in India’s zinc production. Its business segments include:
- Zinc, Lead, and Silver production
- Wind and solar power generation
- Mining and smelting operations across Rajasthan
The company exports to multiple countries and benefits from India’s increasing focus on domestic metal self-sufficiency and infrastructure investment.
Fundamental Analysis
Revenue & Profit Trends
Hindustan Zinc reported impressive FY2025 results:
- Revenue: ₹34,083 crore (+18% YoY)
- Net Profit: ₹10,353 crore (+33% YoY)
- EPS: ₹24.50 (vs ₹18.36 in FY2024)
Profit growth is supported by record production and lower power costs despite fluctuating zinc prices.
Valuation Metrics
- P/E Ratio: ~20.8x (reasonable for metals sector)
- ROE: ~25%
- Dividend Yield: ~6% (among the highest in large-cap metals)
- Book Value: ₹31.5 (stock trades at ~16x book value)
Balance Sheet Strength
- Total Assets: ₹34,490 crore
- Equity: ₹13,326 crore
- Debt: ₹10,651 crore
Hindustan Zinc maintains a low-debt, cash-rich balance sheet, ensuring steady dividends and strong liquidity.
Shareholding Pattern
- Promoters (Vedanta Group): 64.9%
- Government of India: 29.5%
- Public & Institutions: ~5.6%
Promoter holding remains high, though market discussions about the government’s stake sale could impact short-term volatility.
Past Stock Performance
Over the last five years, Hindustan Zinc has delivered stable returns despite global metal price fluctuations.
- 5-Year CAGR (Stock): ~18%
- 10-Year CAGR: ~14%
- 52-Week Range: ₹293 – ₹525
Its performance closely tracks global zinc prices and commodity cycles, with strong dividend payouts offering downside protection.
Hindustan Zinc Share Price Target for 2025–2050
| Year | Minimum (₹) | Average (₹) | Maximum (₹) |
|---|---|---|---|
| 2025 | 480 | 520 | 640 |
| 2026 | 610 | 720 | 870 |
| 2027 | 780 | 910 | 1,080 |
| 2028 | 950 | 1,120 | 1,310 |
| 2029 | 1,150 | 1,350 | 1,620 |
| 2030 | 1,400 | 1,750 | 2,200 |
| 2035 | 2,800 | 3,500 | 4,200 |
| 2040 | 5,000 | 6,800 | 8,000 |
| 2045 | 8,500 | 11,200 | 13,500 |
| 2050 | 13,000 | 17,500 | 21,000 |
Hindustan Zinc Share Price Target & Prediction 2025 – 2050
Hindustan Zinc Share Price Target 2025
Target: ₹480 – ₹640
In 2025, HZL is expected to maintain steady performance driven by strong zinc production volumes and stable commodity prices. The company’s cost optimization and consistent dividends support investor confidence.
Hindustan Zinc Share Price Target 2026
Target: ₹610 – ₹870
By 2026, revenue growth of 5–8% and EPS expansion to around ₹27–₹30 could drive valuations higher. Zinc demand from infrastructure and renewable sectors remains a major catalyst.
Hindustan Zinc Share Price Target 2027
Target: ₹780 – ₹1,080
With higher production output and improving realizations, HZL’s profit could rise significantly. The market may re-rate the stock if global zinc prices sustain above $2,700 per tonne.
Hindustan Zinc Share Price Target 2028
Target: ₹950 – ₹1,310
By 2028, HZL is likely to benefit from its 2 MTPA capacity expansion progress. Export growth and operational efficiency will enhance earnings visibility.
Hindustan Zinc Share Price Target 2029
Target: ₹1,150 – ₹1,620
This period may mark a new growth cycle, supported by industrial and EV-related demand. Strong silver co-production also adds to revenue diversification.
Hindustan Zinc Share Price Target 2030
Target: ₹1,400 – ₹2,200
HZL’s medium-term expansion goals, improved energy efficiency, and higher EBITDA margins could make it one of India’s most profitable metal producers by 2030.
Hindustan Zinc Share Price Target 2035
Target: ₹2,800 – ₹4,200
Assuming continued CAGR of ~25%, the company may double profits every 3 years. Rising zinc and silver prices, plus exports, could propel HZL beyond ₹4,000 levels.
Hindustan Zinc Share Price Target 2040
Target: ₹5,000 – ₹8,000
Over the next decade, sustainability-focused mining, global expansion, and reduced carbon footprint will enhance valuations. Long-term investors could see multi-fold returns.
Hindustan Zinc Share Price Target 2045
Target: ₹8,500 – ₹13,500
If global infrastructure growth continues, HZL could emerge as a global top 5 metal producer. By then, strong free cash flow and dividends will attract institutional investors.
Hindustan Zinc Share Price Target 2050
Target: ₹13,000 – ₹21,000
Assuming consistent performance and innovation in mining technologies, Hindustan Zinc may achieve a market capitalization above ₹6 lakh crore by 2050 — representing over 25x potential from 2025 levels.
Growth Drivers
- Expansion of zinc production capacity to 2 MTPA by 2030.
- Rising zinc demand from EVs, renewables, and infrastructure.
- Cost control and technological advancement in mining.
- Strong cash flow and high dividend yield.
- Government policies supporting domestic metal production.
- Vedanta’s operational and managerial expertise.
Expert Views
- ICICI Securities maintains a Hold with target ₹515, noting stable growth in profitability.
- Motilal Oswal expects margin expansion due to lower cost of production.
- Nomura India highlights long-term potential if the government stake sale occurs at premium valuations.
Risks & Challenges
- High promoter pledging (around 90%).
- Dependency on global zinc and silver prices.
- Regulatory changes in mining or export policies.
- Environmental and ESG compliance costs.
- Volatility in global commodity cycles.
Investment Suitability
Hindustan Zinc is best suited for:
- Long-term investors seeking stable dividend income.
- Aggressive investors betting on India’s industrial and metal demand boom.
- Portfolio diversifiers wanting exposure to commodities with limited downside risk.
FAQs
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What will be Hindustan Zinc’s share price in 2030?
Based on aggressive growth projections, HZL could trade between ₹1,400 and ₹2,200 by 2030.
-
Can Hindustan Zinc reach ₹1,000 by 2028?
Yes, if zinc prices remain strong and production expands as planned, ₹1,000+ is achievable by 2028.
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Is Hindustan Zinc good for long-term investment?
Yes, due to consistent profitability, dividends, and strong fundamentals, it is a solid long-term investment, though sensitive to commodity cycles.
Conclusion
Hindustan Zinc’s strong fundamentals, expanding capacity, and focus on sustainability make it a compelling long-term stock. While short-term volatility due to global metal prices may persist, the company’s consistent earnings growth and dividends support robust returns over decades. Long-term investors aiming for multi-fold gains by 2050 may find HZL a valuable addition to their portfolios.
