Hindustan Zinc Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Harsh Piplani
- Category: Market
Hindustan Zinc share price Rs 540.80 (9 October 2026). Base target Rs 638, bull Rs 765, downside risk Rs 426. PE 13.17. 52W range Rs 453.50 to Rs 733.00.
Quick Answer
The Hindustan Zinc share price target for 2027 is Rs 638, about 18.0% above the current price of Rs 540.80. The bull case is Rs 765, and the downside risk level, which is not a target, is Rs 426. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 33.5%, with the stock holding its PE of 13.17. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Hindustan Zinc target price for 2027 should start with where the stock sits today. At Rs 540.80 on 9 October 2026, it is 26.2% below its 52-week high of Rs 733.00 and 19.3% above its 52-week low of Rs 453.50. That range spans 62% from low to high, so the entry point matters as much as the Hindustan Zinc price forecast itself.
This article builds the Hindustan Zinc share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 638 base case and the Rs 765 bull case were reached, along with a downside risk level of Rs 426.
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Hindustan Zinc Stock Analysis: Company Overview and Key Stats
Hindustan Zinc (NSE: HINDZINC) has a market capitalisation of Rs 2,24,787 crore. In FY26 it reported revenue of Rs 41,934 crore and net profit of Rs 13,832 crore. The table collects the figures the Hindustan Zinc share price target is built on.
| Metric | Value |
|---|---|
| Company | Hindustan Zinc |
| NSE Ticker | HINDZINC |
| CMP (9 October 2026) | Rs 540.80 |
| 52-Week High | Rs 733.00 |
| 52-Week Low | Rs 453.50 |
| Market Cap | Rs 2,24,787 crore |
| PE Ratio (TTM) | 13.17 |
| Industry PE | 12.69 |
| Price to Book | 9.93 |
| Return on Equity | 61.13% |
| Debt to Equity | 0.39 |
| EPS (TTM) | Rs 40.39 |
| Dividend Yield | 1.88% |
| 12-Month Base Target | Rs 638 |
| Bull Case | Rs 765 |
| Downside Risk Level (not a target) | Rs 426 |
Why Is Hindustan Zinc Share Price Target Set at Rs 638 for 2027?
The base-case Hindustan Zinc stock target of Rs 638 applies a PE multiple of 13.17 to a forward EPS estimate of Rs 48.47. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 18.0% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Hindustan Zinc Target Price: Five Years of Results
Hindustan Zinc grew revenue from Rs 30,656 crore in FY22 to Rs 41,934 crore in FY26, a compound annual growth rate of 8.1%. Net profit grew faster, from Rs 9,629 crore to Rs 13,832 crore (9.5% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 30,656.00 | 9,629.00 | 22.79 | 18.00 |
| FY23 | 35,477.00 | 10,511.00 | 24.88 | 75.50 |
| FY24 | 30,006.00 | 7,759.00 | 18.36 | 13.00 |
| FY25 | 35,066.00 | 10,353.00 | 24.50 | 29.00 |
| FY26 | 41,934.00 | 13,832.00 | 32.74 | 10.00 |
FY26 revenue growth was 19.6%, faster than the four-year average of 8.1%, and net profit moved up 33.6%. EPS rose from Rs 18.36 in FY24 to Rs 32.74 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Hindustan Zinc converted 33.0% of FY26 revenue into net profit, against 29.5% in FY25, within a five-year range of 25.9% to 33.0%. EBITDA margin was 55.3% in FY26 versus 52.2% in FY25.
In the June 2026 quarter, revenue was Rs 14,063 crore, up 74.7% from the same quarter a year earlier, while net profit of Rs 5,469 crore was up 144.8%. EBITDA came in at Rs 8,366 crore, up 102.2% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.39, and shareholders’ equity grew from Rs 34,281 crore in FY22 to Rs 22,629 crore in FY26. Operating cash flow in FY26 was Rs 17,008 crore against capital expenditure of Rs 5,262 crore, leaving free cash flow of Rs 11,746 crore, or 5.2% of the current market capitalisation. In FY25 free cash flow was Rs 10,161 crore.
Valuation Check for the Hindustan Zinc Stock Target: PE, Price to Book and ROE
At a PE of 13.17 against an industry PE of 12.69, Hindustan Zinc trades in line with its industry. Price to book is 9.93 on a book value of Rs 53.56 per share, and return on equity is 61.13%. A PE of 13.17 equals an earnings yield of 7.6%, and the FY26 dividend of Rs 10.00 per share gives a yield of 1.88%.
Shareholding Pattern and Institutional Holding
Promoters held 60.71% of Hindustan Zinc in June 2026, and promoter holding fell from 61.84% in June 2025 to 60.71% in June 2026. Foreign institutional investors (FII) held 2.20% and domestic institutions (DII) held 4.95%, which puts total institutional holding at 7.15%. FII holding rose from 1.36% in June 2025 to 2.20% in June 2026. Public shareholders own the remaining 32.14%.
Hindustan Zinc Share Price Targets for the Short Term and 12 Months
Short Term Hindustan Zinc Stock Target Levels: Technical Setup
At Rs 540.80 on 9 October 2026, Hindustan Zinc trades below its 50-day simple moving average of Rs 579.36 and below its 200-day exponential moving average of Rs 568.51. The 14-day RSI reads 23.4, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 568.51 (200-day exponential moving average) and the nearest support is Rs 453.50 (52-week low). A sustained move above Rs 568.51 would improve the short-term setup, while a close below Rs 453.50 would shift attention to the next support.
12 Month Hindustan Zinc Target Price for 2027
The 12-month target for Hindustan Zinc is Rs 638: forward EPS of Rs 48.47 at a PE of 13.17. That is 18.0% above Rs 540.80. It would still leave the stock 13.0% below its 52-week high of Rs 733.00.
How EPS Growth and PE Multiple Change the Hindustan Zinc Target Price
| EPS Growth | PE 10.54 | PE 13.17 | PE 15.15 |
|---|---|---|---|
| 0.0% (EPS Rs 40.39) | Rs 426 | Rs 532 | Rs 612 |
| 20.0% (EPS Rs 48.47) | Rs 511 | Rs 638 | Rs 734 |
| 25.0% (EPS Rs 50.49) | Rs 532 | Rs 665 | Rs 765 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Hindustan Zinc price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Hindustan Zinc Stock Target in 2027
Bull Case Rs 765
The bull case Hindustan Zinc price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 50.49, and a PE multiple that rises 15% to 15.15. That gives Rs 765, 41.5% above the current price and above the 52-week high of Rs 733.00, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 426
The downside risk level is not a target. It assumes EPS stays flat at Rs 40.39 and the PE falls 20% to 10.54. That gives Rs 426, 21.2% below the current price and below the 52-week low of Rs 453.50.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 15.15 | Rs 765 | +41.5% |
| Base Case | 20.0% | 13.17 | Rs 638 | +18.0% |
| Downside Risk | 0.0% | 10.54 | Rs 426 | -21.2% |
Key Risks to the Hindustan Zinc Target Price for 2027
Growth Slowdown Risk for the Hindustan Zinc Price Target
Revenue in the June 2026 quarter was up 74.7% year on year, and FY26 revenue growth was 19.6%. If growth slows from here, the EPS estimate behind the Hindustan Zinc stock target will need revising.
Liquidity and Size Risk
Hindustan Zinc has a market capitalisation of Rs 2,24,787 crore. Institutional holding is 7.15%, and promoters hold 60.71%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 33.0% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 13.17 versus an industry PE of 12.69, a de-rating toward the downside-risk PE of 10.54 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 26.2% below its 52-week high, with an RSI of 23.4 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Hindustan Zinc
Start with the live price and volume. Any Hindustan Zinc share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 540.80 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Hindustan Zinc’s PE, ROE, debt and shareholding in one place.
Check Hindustan Zinc fundamentals on the Univest Screener
Then compare the three Hindustan Zinc target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Hindustan Zinc live price and get daily stock recommendations.
Conclusion
The Hindustan Zinc share price target for 2027 is Rs 638 in the base case, with Rs 765 as the bull case. The support for that view is arithmetic you can check: EPS grew 33.5% a year over FY24 to FY26, and the stock trades at a PE of 13.17. The risks are equally concrete, including a stock that sits 26.2% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on Hindustan Zinc Share Price Target 2027
What is the Hindustan Zinc share price target for 2027?
Ans. The base-case Hindustan Zinc share price target for 2027 is Rs 638, with Rs 765 as the bull case. The downside risk level, which is not a target, is Rs 426. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Hindustan Zinc share price today?
Ans. As of 9 October 2026, 1:18 PM IST, Hindustan Zinc trades at Rs 540.80, up 1.70% on the day. The 52-week range is Rs 453.50 to Rs 733.00.
Is Hindustan Zinc a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 33.5% a year over FY24 to FY26, but the stock is 26.2% below its 52-week high. Whether Hindustan Zinc fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Hindustan Zinc shares?
Ans. The bull case target is Rs 765, which assumes 25.0% EPS growth and a PE of 15.15. The downside risk level is Rs 426, which assumes flat EPS and a PE of 10.54. It marks a risk, not a target.
What are the main risks to the Hindustan Zinc price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 2,24,787 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Hindustan Zinc and how does it compare with the industry?
Ans. The PE ratio of Hindustan Zinc is 13.17 against an industry PE of 12.69. Price to book is 9.93 and return on equity is 61.13%. The base case in the Hindustan Zinc price target holds this PE constant.
Who owns Hindustan Zinc, and what is the promoter holding?
Ans. Promoters held 60.71% of Hindustan Zinc in June 2026. FII held 2.20%, DII held 4.95% and the public held 32.14%.
What were Hindustan Zinc’s latest quarterly results?
Ans. In the June 2026 quarter, Hindustan Zinc reported revenue of Rs 14,063 crore (up 74.7% year on year) and net profit of Rs 5,469 crore (up 144.8%).
