Hindustan Zinc 's revenue was Rs 86 billion (YoY/QoQ: +18%/+4%) versus our estimate of Rs 82 billion. The growth was largely on account of higher zinc and silver prices and a strong dollar, marginally offset by lower metal volume.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Hindustan Zinc Ltd.'s Q3 FY25 performance was largely in line with our estimates. The company continues to focus on improving production with tight cost control. We retain our earnings estimates and expect Hindustan Zinc to maintain its focus on profitability.
At current market price, Hindustan Zinc trades at 7.5x FY27E enterprise value/Ebitda, and we believe the current valuation prices in all positive factors.
We reiterate our Neutral rating with a target price of Rs 460 (premised on eight times EV/Ebitda on FY27 estimates)
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
