Hindustan Zinc Share Price Today Surges Post Delivering Strong Q3 Amid Silver Rate Rally; Time To Buy?

Hindustan Zinc Share Price Today: Shares of Hindustan Zinc Limited surged on Tuesday, January 20, a day after the company had announced upbeat Q3 results for the financial year 2025-26. The Vedanta group arm had reported a 46% year-on-year surge in its net profit.

Hindustan Zinc shares were trading 1.86% higher at Rs 673.5 per share on BSE with a market capitalisation of Rs 2,84,575.23 crore. The stock has touched an intraday high of Rs 674.75 per share and an intraday low of Rs 654.95 per share.

Hindustan Zinc Share Price Recommendation Post Q3 Result

The Vedanta Group subsidiary reported upbeat quarterly earnings against the backdrop of bullish movement in the metal commodities and lower cost of production. "EBITDA came at INR61b (+35% YoY and +36% QoQ), against our estimate of INR54b during the quarter. EBITDA margin stood at 55.1% in 3QFY26 vs 52% in 2QFY26 and 52.2% in 3QFY25. The increase was primarily on account of favorable metal prices and lower cost of production," noted Motilal Oswal in its report released on Tuesday. Motilal Oswal gave a buy recommendation to Hindustan Zinc stock.

Hindustan Zinc Share Price Target

The brokerage gave a target price of Rs 720 per share, indicating a 9% upside from its market price on Monday. "At CMP, HZ trades at 10.6x FY27E EV/EBITDA, and we believe the current valuation has priced in all the positive factors. We reiterate our Neutral rating with a TP of INR720 (premised on 10.5x EV/EBITDA on Sep'27E)."

Hindustan Zinc Q3 Result Recap

Hindustan Zinc reported a surge in its net consolidated profit to Rs 3,916 crore in Q3FY26, up from Rs 2,678 crore reported in the same quarter a year ago. The silver producer had reported a surge in its net consolidated revenue to Rs 10,627 crore during the quarter under review. The Vedanta subsidiary had reported a net revenue of Rs 8,315 crore reported in the year-ago period.

Hindustan Zinc reported a 55% EBITDA Margin, and an EBITDA of Rs 6,087 crore. The EBITDA of the company during the quarter jumped around 36% on a QoQ basis and around 34% on a year on year (YoY) basis driven by increased production, higher zinc and silver prices, lower cost of production and strong dollar, and higher by-product realisations. The EBITDA was up to Rs 14,415 crores, up 14% YoY (Year on year) for nine months.

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