Vedanta Subsidiary’ Hindustan Zinc Reports ‘Best Ever’ Metal Production in Q4; ROE AT 156%; Buy or Sell?

Shares of Hindustan Zinc will remain in focus on Monday after the company reported uptick in its metal production in the fourth quarter of financial year 2025-26. Vedanta Limited's subsidiary reported its "best-ever" quarterly production in Q4FY26.

Hindustan Zinc share price closed 1.67% lower at Rs 515.6 per share on BSE with a market capitalisation of Rs 2,17,857.45 crore on BSE on Thursday, April 2. The stock had touched an intraday low of Rs 503.30 per share and an intraday high of Rs 518.40 per share.

Hindustan Zinc Q4 Update

Hindustan Zinc Limited reported a mined metal production of 315 kt in Q4FY26, which was 2% higher than 310 kt reported in the same quarter in previous financial year. Company's annual production also saw a 2% uptick to 1114 kt in FY26 against 1095 kt in FY25.

However, the company's silver production saw minor decline during the quarter under review. Hindustan Zinc's silver production stood at 176 tonnes in Q4FY26 against 177 tonnes reported in the year-ago period. Its total annual production stood at 627 tonnes, down 8% from 687 tonnes reported in the previous financial year.

The company had reported quarterly refined metal production at 282 kt driven by additional capacity unlocked by the debottlenecking projects at Chanderiya and Dariba, improved operational efficiency and higher plant availability.

Silver production at 176 metric tonnes, up 11% QoQ in line with lead production.

Hindustan Zinc Share Price Recommendation

Motilal Oswal in its latest report maintained a 'Buy' recommendation for Hindustan Zinc with a target price of Rs 720 per share.

Hindustan Zinc Share Price Trend

The metal stock closed in red on Thursday. The stock touched its 52-week high mark of Rs 732.60 per share on BSE in January 28, 2026. The stock dipped to its 52-week low mark of Rs 385.05 per share on April 7, 2025. Hindustan Zinc stock has a return on equity (ROE) of 152.98%. Its valuation has declined 15.72% since the beginning of the year 2026. But the stock has delivered 12% return in one year.

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