HINDZINC

Fundamental Strengths 1. Earnings & Growth Most recent Q3 FY2026 results showed record profit growth (~46% YoY) and revenue up 27%, driven by high metal prices and production. Forecast models show earnings growth of 20% p.a. and strong EPS gains, with high return on equity (72%). 2. Commodity Tailwinds Silver and zinc prices have been major drivers. Silver especially has boosted margins as Hindustan Zinc is now a significant silver producer with higher profit contribution. 3. Competitive Position Maintains dominant share in Indian zinc market, cost advantages, and earnings leverage to commodity prices.