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Hindustan Zinc Ltd

Q4 FY26Non - Ferrous Metals

Hindustan Zinc Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹595
Market cap₹2.4L Cr
P/E14.0
Updated23 Aug 2026
Read4 min read

The short version

Hindustan Zinc plans to increase refined metal production to approximately 1.15 million tons in FY27, ±10 KT. Hindustan Zinc expects continued strong earnings growth supported by stable zinc demand, accelerating energy transition driving zinc and silver demand, and operational excellence.

From Hindustan Zinc Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Hindustan Zinc plans to increase refined metal production to approximately 1.15 million tons in FY27, ±10 KT.
  • Silver production is expected to reach around 680 tons in FY27, ±10 tons.
  • Expansion includes a 250,000 tons per annum integrated zinc smelter at Debari, progressing with site mobilization and engineering.
  • Plans for a 1 million ton smelter consolidated at one location (Debari, Rajasthan), combining initial 250 KT plus subsequent expansions.
  • Growth projects targeting 2x production increase underway with exploration at Zawar and Rajpura Dariba.
  • Technology-led initiatives like the Hot Acid Leaching process aim to enhance by-product recovery, adding to revenues.
  • The company aims to increase renewable energy share to 70% by FY28, potentially reducing production costs and improving margins.
  • VAP (value-added products) share to be raised to 50%, improving domestic market presence and realization by $50–60 per ton.
  • The company continues to balance capex and dividends, funded mainly through internal accruals.

Profitability & Margins

See what Hindustan Zinc Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Ongoing capex of INR3,600 crores in FY26, with INR2,000 crores as growth capex.
  • Steady progress on 250,000 tons per annum integrated zinc smelter at Debari: site mobilization complete, detailed engineering largely finalized.
  • Plans for a 1 million ton smelter combining multiple phases—600 to 700 KTPA smelter in one location, including the 250 KTPA smelter; conceptual plan and layout expected by Q1 FY27 with board announcement post feasibility.
  • Tailings reprocessing plant site work commenced at Rampura Agucha, engineering completed.
  • Accelerated exploration for 2x growth plans at Zawar and Rajpura Dariba with partners onboarded.
  • Technology initiative: Hot Acid Leaching process commissioning expected in 2Q FY27.
  • Fertilizer project on track for commissioning in early 2Q FY27.
  • Capital investment funded primarily through cash flows; debt may be considered opportunistically due to strong balance sheet.

Top-ranked in Non - Ferrous Metals

Ranked on what management guided this quarter

5x potential
1Dec.Gold Mines
Rev 2Mar 2
2Hindalco Inds.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 3Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Hindustan Zinc Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided from Hindustan Zinc Limited's earnings call does not explicitly mention details about the current or expected order book or pending orders. However, there are some references related to project orders and timelines: - Orders for mining equipment have been placed. - Orders for mill expansion are expected to be finalized by early to mid-June. - Delay in clearing all orders intended by January, but focusing on consolidating orders at one location to reduce project costs. - The company plans to place orders for a 600-700 KTPA smelter within about one month's time from the call date. - The 250 KTPA smelter project orders have started, including site mobilization and detailed engineering largely finalized. No quantifiable order book or pending order figures are disclosed in the transcript.

Hindustan Zinc Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹13.5K Cr, net profit ₹5.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Hindustan Zinc Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Hindustan Zinc Ltd Q4 FY26 results?

Hindustan Zinc plans to increase refined metal production to approximately 1.15 million tons in FY27, ±10 KT. Hindustan Zinc expects continued strong earnings growth supported by stable zinc demand, accelerating energy transition driving zinc and silver demand, and operational excellence.

What is Hindustan Zinc Ltd share price analysis?

Hindustan Zinc Ltd currently shows a neutral. The stock trades at a P/E of 14.0 with a market cap of ₹237,421 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Zinc Ltd planning capital expenditure?

Ongoing capex of INR3,600 crores in FY26, with INR2,000 crores as growth capex.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.