Hindustan Zinc

Is Hindustan Zinc overvalued or undervalued?

As of October 9, 2023, Hindustan Zinc is considered very expensive and overvalued with a PE ratio of 20.37, significantly higher than the industry average, and has underperformed the market with a 1-year return of -23.81%.

As of 9 October 2023, the valuation grade for Hindustan Zinc has moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company is currently overvalued based on its financial metrics, with a PE ratio of 20.37, a Price to Book Value of 15.92, and an EV to EBITDA ratio of 12.30. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Hindustan Zinc's PE ratio of 20.37 is notably higher than the industry average, which raises concerns about its valuation sustainability. For instance, the PEG ratio stands at 0.60, which might suggest growth potential, but the overall high valuation metrics indicate that the stock is priced for perfection. Additionally, while the company has shown strong returns over the past few years, including a 79.26% return over three years, its recent performance has lagged behind the Sensex with a 1-year return of -23.81% compared to the Sensex's 7.60%. This combination of high valuation ratios and underperformance relative to the market reinforces the conclusion that Hindustan Zinc is currently overvalued.

Who are in the management team of Hindustan Zinc?

As of March 2022, the management team of Hindustan Zinc includes Navin Agarwal (Non-Executive Director), Arun Misra (Whole Time Director & CEO), and Priya Agarwal (Chairperson), among others, comprising a mix of executive, non-executive, and government-nominated members.

As of March 2022, the management team of Hindustan Zinc includes the following members:<BR><BR>1. Navin Agarwal - Non-Executive & Non-Independent Director<BR>2. Rajendra Pandwal - Company Secretary & Compliance Officer<BR>3. Farida M Naik - Nominee (Government)<BR>4. Arun Misra - Whole Time Director & CEO<BR>5. Akhilesh Joshi - Non-Executive & Independent Director<BR>6. Anjani Kumar Agrawal - Non-Executive & Independent Director<BR>7. Nirupama Kotru - Nominee (Government)<BR>8. Veena Kumari Dermal - Nominee (Government)<BR>9. R Kannan - Independent Director<BR>10. Priya Agarwal - Chairperson<BR><BR>This team comprises a mix of executive and non-executive directors, including government nominees and independent directors.

What is the bonus history of the Hindustan Zinc?

Hindustan Zinc's bonus history includes a notable 1:1 bonus issue announced on March 7, 2011, where shareholders received an additional share for each share held, doubling their holdings. The record date for this bonus was March 8, 2011.

Hindustan Zinc has a bonus history that includes a significant event on March 7, 2011, when the company announced a 1:1 bonus issue. The record date for this bonus was March 8, 2011. This means that for every share held, shareholders received an additional share, effectively doubling their holdings at that time. If you have any more questions about Hindustan Zinc or its financial activities, feel free to ask!

Has Hindustan Zinc declared dividend?

Hindustan Zinc Ltd has declared a 950% dividend, amounting to ₹19 per share, with an ex-date of August 28, 2024. While recent returns have been mixed, the company has shown strong growth over the past five years, with a total return of 272.89%.

Hindustan Zinc Ltd has declared a 950% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 950%<BR>- Amount per share: 19<BR>- Ex-date: 28 Aug 24<BR><BR>Dividend Yield: 3.86%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -0.66%, with no dividend return, resulting in a total return of -0.66%.<BR><BR>Over the past year, the price return was -26.32%, the dividend return was 2.73%, leading to a total return of -23.59%.<BR><BR>In the 2-year period, the price return was 65.03%, with a dividend return of 13.68%, resulting in a total return of 78.71%.<BR><BR>For the 3-year period, the price return was 69.27%, the dividend return was 47.42%, culminating in a total return of 116.69%.<BR><BR>In the last 4 years, the price return was 51.92%, with a dividend return of 39.86%, resulting in a total return of 91.78%.<BR><BR>Over the past 5 years, the price return was 193.03%, with a dividend return of 79.86%, leading to a total return of 272.89%.<BR><BR>Overall, Hindustan Zinc has declared a significant dividend, and while recent returns have been mixed, the longer-term performance shows strong growth, particularly in price and dividends over the 5-year period.

Who are the peers of the Hindustan Zinc?

Hindustan Zinc's peers include Vedanta, Hindalco Inds., Natl. Aluminium, Hindustan Copper, and others. In terms of management risk and growth, Vedanta and Hindalco Inds. perform best, while Hindustan Zinc has below-average growth and the lowest 1-year return at -32.23%.

Peers: The peers of Hindustan Zinc are Vedanta, Hindalco Inds., Natl. Aluminium, Hindustan Copper, Lloyds Enterpris, Dec.Gold Mines, Pondy Oxides, Maan Aluminium, and Owais Metal.<BR><BR>Quality Snapshot: Excellent management risk is observed at Vedanta, while Good management risk is found at Hindalco Inds., Natl. Aluminium, and Hindustan Copper, and the rest. Average management risk is noted for Hindustan Zinc, Lloyds Enterpris, Pondy Oxides, Maan Aluminium, and Owais Metal, while Below Average management risk is seen at Dec.Gold Mines. Growth is Excellent for Vedanta, Hindalco Inds., Lloyds Enterpris, and Owais Metal, Good for Natl. Aluminium and Hindustan Copper, Below Average for Hindustan Zinc and Maan Aluminium, and Average for Pondy Oxides and the rest. Capital Structure is Excellent for Hindalco Inds., Natl. Aluminium, Hindustan Copper, Lloyds Enterpris, and Owais Metal, Good for Pondy Oxides, Average for Hindalco Inds. and Maan Aluminium, and Below Average for Dec.Gold Mines.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lloyds Enterpris at 87.64%, while the lowest is Hindustan Zinc at -32.23%. Hindustan Zinc's 1-year return is significantly lower than that of Lloyds Enterpris. Additionally, the six-month return is negative for Hindustan Zinc, Hindalco Inds., Natl. Aluminium, Hindustan Copper, and Maan Aluminium.

What does Hindustan Zinc do?

Hindustan Zinc Limited is a leading company in the Zinc, Lead, and Sulphuric Acid sectors, with a market cap of INR 184,541 Cr and reported net sales of 90,870 Cr and net profit of 30,030 Cr for the quarter ending March 2025. Established in 1966, it is recognized for its strong financial metrics, including a P/E ratio of 18.00 and a dividend yield of 4.34%.

Overview:<BR>Hindustan Zinc Limited is a market leader in the Zinc, Lead, and Sulphuric Acid business, operating within the Non-Ferrous Metals industry and classified as a Large Cap company.<BR><BR>History:<BR>Hindustan Zinc Ltd was incorporated in 1966 and has since established itself as a significant player in the mining and metal production sector. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 90,870 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 30,030 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 184,541 Cr (Large Cap)<BR><BR>Key Metrics:<BR>- P/E: 18.00<BR>- Industry P/E: 16<BR>- Dividend Yield: 4.34%<BR>- Debt-Equity: 0.12<BR>- Return on Equity: 78.15%<BR>- Price to Book: 13.87<BR><BR>Contact Details:<BR>Address: Yashad Bhawan, Udaipur Rajasthan: 313004<BR>Tel: 91-294-2420813-15/2525621/2529181-5<BR>Email: hzl.cosecy@vedanta.co.in<BR>Website: http://www.hzlindia.com

Who are the top shareholders of the Hindustan Zinc?

The top shareholders of Hindustan Zinc include Vedanta Limited with 61.84%, the President of India with 27.92%, mutual funds at 0.75%, foreign institutional investors at 1.36%, and individual investors holding 3.35%.

The top shareholders of Hindustan Zinc are primarily dominated by promoters. The largest shareholder is Vedanta Limited, which holds 61.84% of the company. The President of India, acting on behalf of Hindustan Zinc Ltd, is the highest public shareholder with a stake of 27.92%. Additionally, mutual funds hold about 0.75% through 34 schemes, while foreign institutional investors (FIIs) have a combined holding of 1.36% across 194 FIIs. Individual investors account for 3.35% of the shares.

How big is Hindustan Zinc?

As of 24th July, Hindustan Zinc Ltd has a market capitalization of 188,830.00 Cr, with recent net sales of 33,724.00 Cr and a net profit of 10,242.00 Cr. Shareholder's funds are 15,195.00 Cr and total assets are valued at 33,895.00 Cr as of March 2024.

As of 24th July, Hindustan Zinc Ltd has a market capitalization of 188,830.00 Cr, classifying it as a Large Cap company.<BR><BR>In the latest four quarters, Hindustan Zinc reported Net Sales of 33,724.00 Cr and a Net Profit of 10,242.00 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 15,195.00 Cr and Total Assets valued at 33,895.00 Cr.

When is the next results date for Hindustan Zinc?

The next results date for Hindustan Zinc is 17 October 2025.

The next results date for Hindustan Zinc is scheduled for 17 October 2025.

How has been the historical performance of Hindustan Zinc?

Hindustan Zinc's financial performance has fluctuated, with net sales at 34,083 Cr in March 2025, down slightly from 34,098 Cr in March 2023. Key metrics showed mixed results, including a profit before tax of 13,553 Cr in March 2025 and an improved operating profit margin of 52.63%.

Answer:<BR>Hindustan Zinc has shown a fluctuating performance over the years, with net sales reaching 34,083.00 Cr in March 2025, up from 28,932.00 Cr in March 2024, but slightly down from 34,098.00 Cr in March 2023. The total operating income mirrored this trend, peaking at 34,098.00 Cr in March 2023 before falling to 34,083.00 Cr in March 2025. The operating profit (PBDIT) also reflected variability, with a high of 18,885.00 Cr in March 2023, dropping to 18,371.00 Cr in March 2025. Profit before tax reached 13,553.00 Cr in March 2025, an increase from 10,307.00 Cr in March 2024 but lower than 15,288.00 Cr in March 2023. The profit after tax for March 2025 was 10,353.00 Cr, up from 7,759.00 Cr in March 2024 but down from 10,511.00 Cr in March 2023. <BR><BR>In terms of margins, the operating profit margin (excluding other income) was 52.63% in March 2025, an increase from 48.63% in March 2024, while the profit after tax margin stood at 31.33% for the same period. The company's total assets were reported at 34,490.00 Cr in March 2025, slightly up from 33,895.00 Cr in March 2024, but down from 35,467.00 Cr in March 2023. Total liabilities also increased to 34,490.00 Cr in March 2025 from 33,895.00 Cr in March 2024. The cash flow from operating activities was 14,160.00 Cr in March 2025, showing a steady increase from 13,346.00 Cr in March 2024, while the net cash inflow was 43.00 Cr, a recovery from a net outflow of 6.00 Cr in March 2024. Overall, Hindustan Zinc's financial performance indicates a mix of growth and challenges over the past few years.<BR><BR>Breakdown:<BR>Hindustan Zinc's financial performance has exhibited notable fluctuations across various metrics. The net sales for March 2025 reached 34,083.00 Cr, reflecting a recovery from the previous year's 28,932.00 Cr but slightly lower than the 34,098.00 Cr recorded in March 2023. The total operating income followed a similar pattern, with a peak in March 2023 and a slight decline in March 2025. Operating profit (PBDIT) was 18,371.00 Cr in March 2025, down from a high of 18,885.00 Cr in March 2023, while profit before tax increased to 13,553.00 Cr in March 2025, up from 10,307.00 Cr in March 2024 but lower than the previous year's 15,288.00 Cr. The profit after tax for March 2025 was 10,353.00 Cr, indicating growth from 7,759.00 Cr in March 2024 but a decrease from 10,511.00 Cr in March 2023. The operating profit margin improved to 52.63% in March 2025, while the profit after tax margin was 31.33%. Total assets stood at 34,490.00 Cr in March 2025, with total liabilities matching this figure, indicating a stable financial position despite previous fluctuations. Cash flow from operating activities showed a positive trend, reaching 14,160.00 Cr in March 2025, contributing to a net cash inflow of 43.00 Cr, a significant recovery from the prior year's outflow.

Is Hindustan Zinc technically bullish or bearish?

As of December 4, 2025, Hindustan Zinc's technical trend is mildly bullish, supported by bullish weekly MACD and moving averages, despite mixed signals from monthly indicators.

As of 4 December 2025, the technical trend for Hindustan Zinc has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is mildly bearish, indicating mixed signals across time frames. The daily moving averages are bullish, supporting the mildly bullish stance. The weekly KST is bullish, but the monthly KST is mildly bearish, reflecting a similar divergence. The Dow Theory shows a mildly bullish position on the weekly chart but is mildly bearish on the monthly chart. Overall, the indicators suggest a mildly bullish stance, with strength primarily driven by the weekly MACD and moving averages.

Are Hindustan Zinc Ltd latest results good or bad?

Hindustan Zinc Ltd's latest Q3 FY26 results are strong, with a net profit of ₹3,916 crores, up 47.83% quarter-on-quarter and 46.23% year-on-year, alongside a significant increase in net sales and operating margins. Overall, these results indicate robust financial health and effective operational management.

Hindustan Zinc Ltd's latest results for Q3 FY26 are quite impressive. The company reported a net profit of ₹3,916 crores, which reflects a significant increase of 47.83% quarter-on-quarter and 46.23% year-on-year. Additionally, net sales reached ₹10,980 crores, marking a 28.44% increase compared to the previous quarter and a 27.47% increase year-on-year. <BR><BR>The operating margin also showed strong performance, expanding to 56.97%, which is the highest in the last eight quarters, indicating effective cost management and operational efficiency. The profit after tax (PAT) margin improved to 36.85%, up 486 basis points from the previous quarter.<BR><BR>Overall, these results demonstrate robust financial health and operational excellence, suggesting that Hindustan Zinc is performing well in the current market environment. The stock has also gained momentum, outperforming the broader market significantly over recent months.

Should I buy, sell or hold Hindustan Zinc Ltd?

Why is Hindustan Zinc Ltd falling/rising?

As of 17-Mar, Hindustan Zinc Ltd's stock price is rising to Rs 546.50, up 2.39% after a trend reversal. This increase is driven by strong sector performance, heightened investor interest, and robust financial results, including a significant net profit growth.

As of 17-Mar, Hindustan Zinc Ltd's stock price is rising, currently at Rs 546.50, reflecting an increase of Rs 12.75 or 2.39%. This upward movement follows a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 548, indicating a positive shift in investor sentiment.<BR><BR>Several factors contribute to this rise. Firstly, the stock's performance today is in line with the sector, which has seen a gain of 2.43%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 76.01% compared to the five-day average, suggesting heightened interest in the stock.<BR><BR>Moreover, Hindustan Zinc Ltd has demonstrated strong financial health, evidenced by a high return on capital employed (ROCE) of 85.81% and a low debt-to-EBITDA ratio of 0.15 times, indicating efficient management and a strong ability to service debt. The company reported impressive quarterly results, with a net profit after tax (PAT) of Rs 3,897.28 crore, growing at 47.6% compared to the previous four-quarter average, and net sales reaching Rs 10,980 crore, the highest recorded.<BR><BR>Overall, the combination of sector performance, increased trading activity, and strong financial results has contributed to the rise in Hindustan Zinc Ltd's stock price.

Why is Hindustan Zinc Ltd falling/rising?

As of 18-Mar, Hindustan Zinc Ltd's stock price is at Rs 537.45, down 1.66%, and has underperformed the Sensex with a year-to-date decline of 12.22%. Despite strong fundamentals, negative market sentiment and reduced investor participation are contributing to the stock's downward trend.

As of 18-Mar, Hindustan Zinc Ltd's stock price is falling, currently at Rs 537.45, reflecting a decrease of Rs 9.05 or 1.66%. This decline is evident in the stock's performance over the past week, where it has underperformed the Sensex, showing a drop of 8.51% compared to the index's slight decrease of 0.21%. Additionally, the stock has experienced a significant year-to-date decline of 12.22%, while the Sensex has fallen by 9.99%.<BR><BR>Today's trading session has seen the stock touch an intraday low of Rs 529.5, marking a decrease of 3.11%. The stock's moving averages indicate a mixed performance; it is higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a short-term weakness. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 11.95% against the 5-day average, indicating reduced trading interest.<BR><BR>Despite the company's strong fundamentals, including high management efficiency and a low debt-to-EBITDA ratio, the current market sentiment appears to be negative, contributing to the stock's decline. The stock's performance today has also underperformed its sector by 0.52%, further reinforcing the downward trend.

Why is Hindustan Zinc Ltd falling/rising?

As of 19-Mar, Hindustan Zinc Ltd's stock price is falling, currently at 506.50, reflecting a decrease of 30.95 points or 5.76%. The stock has significantly underperformed, with a year-to-date decline of 17.28% and bearish sentiment indicated by trading below all major moving averages.

As of 19-Mar, Hindustan Zinc Ltd's stock price is falling, currently at 506.50, reflecting a decrease of 30.95 points or 5.76%. The stock has been underperforming significantly, with a decline of 13.11% over the past week and 13.27% over the past month, compared to the Sensex, which has fallen only 2.40% and 10.05%, respectively. Year-to-date, the stock is down 17.28%, while the Sensex has decreased by 12.92%.<BR><BR>Today's performance indicates a continuation of this downward trend, as the stock has experienced a consecutive fall over the last two days, resulting in a total decline of 7.32% during this period. It opened with a loss of 2.33% and reached an intraday low of Rs 503.6, marking a decrease of 6.3%. The trading activity suggests that more volume was traded closer to this low price, indicating a lack of buying interest at higher levels.<BR><BR>Additionally, Hindustan Zinc is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals bearish sentiment. The sector itself, Metal - Non Ferrous, has also fallen by 5.16%, contributing to the negative sentiment surrounding the stock. Furthermore, there has been a decline in investor participation, with delivery volume dropping by 1.55% compared to the 5-day average.<BR><BR>Despite some positive factors, such as high management efficiency and strong financial performance in recent quarters, the current market conditions and stock performance indicate a clear downward trend for Hindustan Zinc Ltd.

Why is Hindustan Zinc Ltd falling/rising?

As of 20-Mar, Hindustan Zinc Ltd's stock price is rising to Rs 514.80, indicating a potential trend reversal after previous declines. Increased investor participation and strong financial health, including a high ROCE and significant profit growth, are driving this upward movement.

As of 20-Mar, Hindustan Zinc Ltd's stock price is rising, currently at Rs 514.80, reflecting an increase of Rs 8.3 or 1.64%. This upward movement comes after two consecutive days of decline, indicating a potential trend reversal. The stock reached an intraday high of Rs 526.3, which is a 3.91% increase during the trading session.<BR><BR>Despite the positive movement today, the stock has underperformed its sector by 0.26%. However, there are several positive indicators contributing to the stock's rise. Notably, there has been a significant increase in investor participation, with delivery volume on 19 March rising by 117.45% compared to the 5-day average. This suggests growing interest among investors, which can drive the stock price higher.<BR><BR>Furthermore, the company demonstrates strong financial health, evidenced by a high return on capital employed (ROCE) of 85.81% and a low debt to EBITDA ratio of 0.15 times, indicating efficient management and a strong ability to service its debt. The recent financial results also show robust growth, with a 47.6% increase in profit after tax compared to the previous four-quarter average, and record net sales of Rs 10,980.00 crore.<BR><BR>Overall, while the stock has faced challenges in the short term, the combination of a potential trend reversal, increased investor participation, and solid financial performance are contributing to the current rise in Hindustan Zinc Ltd's stock price.

Why is Hindustan Zinc Ltd falling/rising?

As of 23-Mar, Hindustan Zinc Ltd's stock price is at Rs 487.70, down 5.26%, with a notable decline of 17.47% over the past month. Despite strong financial metrics, the stock is in a bearish trend, underperforming the market and reflecting negative investor sentiment.

As of 23-Mar, Hindustan Zinc Ltd's stock price is falling, currently at Rs 487.70, which reflects a decrease of Rs 27.1 or 5.26%. The stock opened with a loss of 3.05% today and reached an intraday low of Rs 484, marking a decline of 5.98%. Over the past week, the stock has underperformed, showing a decline of 8.63%, compared to a 3.72% drop in the Sensex. Additionally, the stock has experienced a significant decline of 17.47% over the past month and 20.35% year-to-date, while the broader market has also faced losses, albeit to a lesser extent.<BR><BR>The stock is trading below its moving averages across various time frames, indicating a bearish trend. The sector itself, specifically the Metal - Non Ferrous category, has fallen by 5.7%, contributing to the downward pressure on Hindustan Zinc's stock price. Despite a rise in investor participation, with delivery volume increasing by 77.98% against the 5-day average, the overall market sentiment appears negative.<BR><BR>While the company has shown strong financial metrics, such as a high return on capital employed (ROCE) of 85.81% and a low debt-to-EBITDA ratio of 0.15 times, these positive factors have not been sufficient to counteract the current downward trend in stock price. The stock's performance over the last year has been better than the market, with a return of 9.25%, but recent trends indicate a significant decline that investors are currently reacting to.

Why is Hindustan Zinc Ltd falling/rising?

As of 24-Mar, Hindustan Zinc Ltd's stock price is rising to Rs 497.05, supported by increased investor participation and positive trading momentum. Despite slight underperformance against its sector, the company has outperformed the market over the past year, bolstered by strong financial metrics and favorable sector conditions.

As of 24-Mar, Hindustan Zinc Ltd's stock price is rising, currently at Rs 497.05, reflecting an increase of Rs 9.35 or 1.92%. This upward movement is supported by several factors. Today, the stock opened with a gain of 2.06% and reached an intraday high of Rs 501.35, indicating positive trading momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 6.96% compared to the 5-day average, suggesting growing interest in the stock.<BR><BR>Despite the stock's recent underperformance against its sector by 0.43%, the broader context shows that Hindustan Zinc has outperformed the market over the past year, generating a return of 9.68% while the BSE500 index has declined by 2.67%. The company's strong financial metrics, including a high return on capital employed (ROCE) of 85.81% and a low debt to EBITDA ratio of 0.15 times, further bolster investor confidence.<BR><BR>Moreover, the metal sector, particularly non-ferrous metals, has gained by 2.34%, which may also contribute to the positive sentiment surrounding Hindustan Zinc. Overall, the combination of strong operational performance, increased trading activity, and sectoral support appears to be driving the stock's rise.

Why is Hindustan Zinc Ltd falling/rising?

As of 25-Mar, Hindustan Zinc Ltd's stock price is rising to 517.35, up 4.08% due to consecutive gains and strong financial metrics. Despite a recent decline over the past month, its year-long performance outpaces the broader market, reflecting resilience and investor confidence.

As of 25-Mar, Hindustan Zinc Ltd's stock price is rising, currently at 517.35, reflecting an increase of 20.3 (4.08%). This upward movement can be attributed to several factors. Firstly, the stock has shown a consecutive gain over the last two days, with a total return of 6.08% during this period. Additionally, it opened with a gain of 2.85% today and reached an intraday high of Rs 521.35, marking a rise of 4.89%.<BR><BR>The performance of the broader sector, specifically the Metal - Non Ferrous sector, which gained by 3.81%, also supports the stock's rise. Furthermore, Hindustan Zinc Ltd has demonstrated strong financial metrics, including a high Return on Capital Employed (ROCE) of 85.81% and a low Debt to EBITDA ratio of 0.15 times, indicating efficient management and a strong ability to service debt.<BR><BR>Despite some negative trends in the stock's performance over longer periods, such as a 16.37% decline over the past month, its ability to generate a 16.44% return over the past year, while the broader market (BSE500) has seen a negative return of -0.34%, highlights its resilience and market-beating performance. The company's significant market capitalization of Rs 2,10,019 cr and its substantial contribution to the sector further bolster investor confidence, contributing to the stock's rising price.

Which are the latest news on Hindustan Zinc?