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Hindustan Zinc: Are all positives captured in the price?

Higher dividend payout to support Hindustan Zinc on the downside

April 29, 2021 / 09:39 AM IST
Hindustan Zinc: Are all positives captured in the price?

Hindustan Zinc | Tata Steel to source complete domestic zinc requirement from Hindustan Zinc. (Image: hzlindia.com)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Hindustan Zinc’s (HZL; CMP: Rs 308; Market Capitalisation: Rs 1,30,182 crore) March 2021 quarter results were marginally ahead of Street expectations. The management highlighted that the zinc demand environment remains buoyant, driven by China, while recovery in the western world would lead to further demand improvement. HZL has achieved its rated production run rate of 1.2 MTPA in the quarter. Let us evaluate the results Mined metal production for the March 2021 quarter stood at 288kt, higher by 15 per cent...

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