Hindustan Zinc Soars 97% in Three Years
Hindustan Zinc, India's largest integrated zinc producer and major silver miner, has seen its stock price rise by approximately 97% in three years. The company's share price closed at Rs 593.60 on September 10, 2026, down 1.95% from the previous close of Rs 605.40.
The zinc and silver stock rose due to a combination of factors, including record high silver prices, low production costs, and increasing metal output. In the December 2025 quarter, silver contributed around 45% of the company's profitability in FY26, with the metal hitting record highs of USD 89.60 per ounce.
Hindustan Zinc has reported a net profit of Rs 13,832 crore for full-year FY26, up 34% from Rs 10,353 crore in FY25. The company's EBITDA margin rose to 59% in the June 2026 quarter, with mined metal production reaching 1,114 kilotonnes in FY26.
The company's balance sheet remains comfortable, with cash and investments standing at Rs 13,846 crore against borrowings of Rs 8,252 crore. Hindustan Zinc trades at a PE of around 15 on trailing earnings, which is considered modest for a business with margins near 59%.