Stock Name : Hindustan Zinc /Tips Open Buy : 229.30 Posted Date : Aug 17, 2020
Stopless/Horizon : 190 Target : 300 Results Achieved (Yes/No) :

Overview: Hindustan Zinc limited wasincorporated in the year 1966 and operates in Metals – Non-Ferrous sector. It is India’s largest and world’s second largest zinc-lead miner.HZLis a Large Cap company with a market capital of Rs 106879.44 Crore.

About the company: Hindustan Zinc Ltd was incorporated as Metal Corporation of India on the 10th of January, 1966 as a public sector company. In the year 2002, the Government divested 26% of its equity to Sterlite Opportunities and Ventures Ltd (SOVL) which acquired additional 20% of shares from public.

In August 2003, SOVL acquired additional 18.92% of shares from the Government. With these acquisition, SOVL’s stake in the company has gone up to 64.92%.

SOVL was merged with Sterlite Industries India limited in 2011, which in turn merged with Sesa Goa limited to form Sesa Sterlite Limited in the year 2013. Subsequently, Sesa SterliteLimited was renamed to Vedanta Limited in 2015. Hindustan Zinc is now a direct subsidiary of Vedanta Limited.

HZL is headquartered in Udaipur, Rajasthan and has all its zinc-lead mines and primary smelter operations in Rajasthan and finished product facilities in the Uttarakhand.

Hindustan Zinc’s operations comprise lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyro metallurgical lead-zinc smelter as well as sulphuric acid and captive power plants. HZL is the second-largest zinc-lead miner and fourth-largest zinc-lead smelter globally. The company enjoys a dominant position in the domestic zinc market with a market share of over 75%.

Management: Mrs. Kiran Agarwal is the Chairman of Hindustan zinc and Mr. Arun Misra is the Chief Executive Officer.
Shareholding Pattern: Hindustan Zinc is a subsidiary of Vedanta Limited which owns 64.9% stake in the Company while the Government of India retains a 29.5% stakeas on 30/06/2020:
• Promoters: 64.92%
• Central Government: 29.58
• General Public: 1.25
• Financial Institutions: 2.27
• Foreign Institutions: 0.96%
• NBFC and Mutual Funds : 0.37
• Others: 0.64

Dividend: Hindustan Zinc has declared an equity dividend of 825.00% amounting to Rs 16.5 per share for the year ending March 2020.

Sales Report: For the quarter ended on 30th June 2020, Hindustan Zinc Limited has posted a standalone sale of Rs 3898.00 Crore, which is down by -9.79 % from last quarter sales of Rs 4321.00 Crore and down by -20.84 % from last year same quarter sales of Rs 4924.00 Crore. HZL has reported net profit after tax of Rs 1359.00 Crore in its latest quarter.

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