Hindustan Zinc HINDZINC
Vedanta's zinc, lead and silver miner, diversifying into critical minerals through block auctions
Mapped in 1 theme: Critical Minerals & Rare Earths.
Where Hindustan Zinc sits in the supply chain
Hindustan Zinc appears in 1 supply-chain layer in one theme, Critical Minerals & Rare Earths.
Critical Minerals & Rare Earths › Critical-mineral block auctions
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 29,440 | 34,098 | 28,932 | 34,083 | 40,844 |
| Net profit | 9,629 | 10,511 | 7,759 | 10,353 | 13,832 |
Latest-year revenue ₹40,844 Cr (FY26, company-wide).
Note: Tungsten, rare-earth and potash blocks won at auction.
Strengths
- Won tungsten blocks in Andhra Pradesh and Tamil Nadu (Nov 2024), a rare-earth block in Uttar Pradesh and potash-halite blocks in Rajasthan in later rounds; got a letter of intent for the Gundlupet rare-earth and yttrium block in Karnataka (Sep 2026)
- Underground mining know-how and strong cash flows to fund exploration
Risks
- The new blocks are at exploration stage - years from revenue
- Zinc and silver prices, not critical minerals, drive earnings
Common questions
What does Hindustan Zinc do?
Vedanta's zinc, lead and silver miner, diversifying into critical minerals through block auctions.
Where does Hindustan Zinc sit in the supply chain?
Hindustan Zinc (NSE: HINDZINC) is mapped in 1 supply-chain layer: Critical-mineral block auctions (Critical Minerals & Rare Earths).
Who are Hindustan Zinc's peers?
In the Critical-mineral block auctions layer of Critical Minerals & Rare Earths: Vedanta, Coal India, Oil India and Mineral Exploration and Consultancy Ltd (MECL) (not NSE-listed).
What is Hindustan Zinc's market cap and valuation?
As of 6 Nov 2026: market cap ₹2.40L Cr, P/E 11.6x, ROCE 69.5%, ROE 76.8%, dividend yield 1.94%.