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Hindustan Zinc vs Hindustan Copper: Share Price, Comparison and Key Differences

  • August 12, 2026
  • Posted by: Ankit Jaiswal
  • Category: News
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Hindustan Zinc vs Hindustan Copper: Share Price, Comparison and Key Differences

Hindustan Zinc MCap Rs 2,53,942 Cr, PE 14.88x, ROE 61.13%, D/E 0.39, Div 1.66%. Hindustan Copper MCap Rs 51,832 Cr, PE 56.42x, ROE 27.48%, D/E 0.03.

Hindustan Zinc vs Hindustan Copper is a comparison metals investors look up when evaluating two listed Indian metal mining companies. Hindustan Zinc Limited, a Udaipur-based company majority-owned by Vedanta Limited (and minority by Government of India), is the world’s second-largest zinc-lead mining company – operating mines in Rajasthan producing zinc, lead and silver. Hindustan Copper Limited, a Government of India enterprise under Ministry of Mines, is the only integrated copper producer in India with mining, smelting and refining operations. Both Hindustan Zinc vs Hindustan Copper serve India’s base metals market.

This Hindustan Zinc vs Hindustan Copper article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Table of Contents

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  • Reach and Market Position
  • Key Products and Business Mix
  • Latest Results and Financial Data
  • Stock Performance and Valuation
  • Hindustan Zinc vs Hindustan Copper: Quick Comparison Table
  • Conclusion
  • Frequently Asked Questions
    • What does Hindustan Zinc produce?
    • What does Hindustan Copper produce?
    • Why is Hindustan Zinc PE so cheap?
    • What drives copper demand in India?
    • Which is larger, Hindustan Zinc or Hindustan Copper?
    • Does Hindustan Zinc pay dividends?
    • Is Hindustan Copper a PSU?

Reach and Market Position

In this Hindustan Zinc vs Hindustan Copper comparison, Hindustan Zinc mines zinc, lead and silver ore in Rajasthan through its integrated mining operations at Rampura Agucha, Sindesar Khurd and other mines. Market capitalisation is Rs 2,53,942 Cr.

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Hindustan Copper mines copper ore at Malanjkhand (Madhya Pradesh) and other locations, smelts and refines copper into cathodes, wire rods and products. Market capitalisation is Rs 51,832 Cr.

Key Products and Business Mix

For the Hindustan Zinc vs Hindustan Copper product breakdown, Hindustan Zinc: Hindustan Zinc earns from refined zinc, lead, silver and sulfuric acid production. EPS is Rs 40.39. PE is 14.88x (very cheap!), ROE 61.13 percent (exceptional!), D/E 0.39. Dividend yield 1.66 percent.

Hindustan Copper: Hindustan Copper earns from copper ore mining, smelting and refined copper products including copper cathodes and wire rods. EPS is Rs 9.50. PE is 56.42x, ROE 27.48 percent, D/E 0.03.

Latest Results and Financial Data

On the Hindustan Zinc vs Hindustan Copper results front: Hindustan Zinc has a market cap of Rs 2,53,942 Cr and PE of 14.88x. ROE is an exceptional 61.13 percent. Hindustan Zinc is one of India’s most profitable mining companies. HZL is 4.9 times larger than Hindustan Copper.

Hindustan Copper has a market cap of Rs 51,832 Cr and PE of 56.42x. ROE is 27.48 percent. Hindustan Copper is a government-owned integrated copper company. Hindustan Copper is expanding its copper mining capacity significantly.

Compare Hindustan Zinc and Hindustan Copper Fundamentals on the Univest Screener

Stock Performance and Valuation

Investors tracking the Hindustan Zinc vs Hindustan Copper comparison should verify current prices on NSE or BSE before trading. The Hindustan Zinc vs Hindustan Copper stock data below reflects the latest available figures from Groww and public company filings.

Hindustan Zinc vs Hindustan Copper at current valuations: HZL trades at Rs 2,53,942 Cr market cap, PE 14.88x (very cheap), ROE 61.13 percent. Hindustan Copper trades at Rs 51,832 Cr market cap, PE 56.42x, ROE 27.48 percent. HZL is dramatically cheaper on PE with a much higher ROE. Hindustan Copper is more expensive on PE but is a government-backed pure copper play.

Hindustan Zinc vs Hindustan Copper: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter Hindustan Zinc Hindustan Copper
Metal Zinc, lead and silver (Vedanta subsidiary, Rajasthan) Copper cathodes, wire rods (Government of India, PSU)
Market Cap Rs 2,53,942 Cr Rs 51,832 Cr
P/E Ratio 14.88x (cheap!) 56.42x
ROE 61.13% (exceptional!) 27.48%
Debt to Equity 0.39 0.03
Ownership Vedanta Ltd (majority) + Govt of India Government of India (PSU)
Dividend Yield 1.66% 0.53%

Conclusion

The Hindustan Zinc vs Hindustan Copper comparison above covers reach, products, results and valuation. Hindustan Zinc vs Hindustan Copper covers India’s leading zinc miner versus India’s only integrated copper producer. HZL has exceptional ROE and cheap PE. Hindustan Copper has a government ownership backstop and India’s growing copper consumption from electric vehicles and renewable energy. Hindustan Zinc vs Hindustan Copper investors should monitor global zinc and copper prices, mining volume expansions and India’s base metal demand. Consult a SEBI-registered advisor for personalised guidance.

Download the Univest iOS App or Univest Android App to track Hindustan Zinc and Hindustan Copper live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Hindustan Zinc produce?

Ans. Hindustan Zinc produces refined zinc metal (the world’s second-largest zinc miner by output), refined lead, silver and sulfuric acid. It operates integrated zinc-lead mines in Rajasthan and smelters at Dariba and Chanderiya.

What does Hindustan Copper produce?

Ans. Hindustan Copper produces copper ore, copper concentrates, copper cathodes (refined copper) and copper wire rods from its mining operations at Malanjkhand (Madhya Pradesh), Khetri and other locations.

Why is Hindustan Zinc PE so cheap?

Ans. Hindustan Zinc’s PE of 14.88x reflects its commodity mining business where metal prices drive earnings. The company is highly profitable (ROE 61%) and mature, resulting in a low PE for an efficient, large-scale miner.

What drives copper demand in India?

Ans. India’s copper demand is driven by electrical wiring (building and industrial), electric vehicles (EVs use 3-4 times the copper of conventional cars), renewable energy (solar and wind), and infrastructure projects.

Which is larger, Hindustan Zinc or Hindustan Copper?

Ans. Hindustan Zinc at Rs 2,53,942 Cr is approximately 4.9 times larger than Hindustan Copper at Rs 51,832 Cr.

Does Hindustan Zinc pay dividends?

Ans. Yes. Hindustan Zinc pays a dividend yield of approximately 1.66 percent.

Is Hindustan Copper a PSU?

Ans. Yes. Hindustan Copper Limited is a government-owned (PSU) company under the Ministry of Mines, Government of India.



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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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