Predicting share price changes in the fast-paced world of stock investment is like looking into a crystal ball. However, investors can acquire invaluable insights into the future course of a company’s stock by conducting thorough study and analysis.
n this article, we examine Hindustan Zinc’s share price goal from 2023 to 2030, revealing a path that piques readers’ curiosity and catches their imagination. We want to know: Is Hindustan Zinc a decent stock to buy?
We’ll be looking at past performance, income growth, and PAT. Join us on this thrilling adventure as we examine the potential and options that exist inside the range of the share price goal for Hindustan Zinc.
About Hindustan Zinc
Hindustan Zinc Limited (HZL) is an Indian mining company that specializes in zinc, lead, silver, and cadmium production. It was previously a Public Sector Undertaking (PSU) called Metal Corporation of India. In 2003, it was sold to Vedanta Limited, becoming its subsidiary. HZL is the world’s second-largest zinc producer and is headquartered in Udaipur. It operates under the leadership of CEO Arun Misra.
The company’s revenue in 2023 was 34,098 crores INR (approximately US$4.3 billion). HZL plays a significant role in the global zinc industry and has subsidiaries like Hindustan Zinc Alloys Private Limited.
Below are the trading platforms that you can use to purchase Hindustan Zinc shares:
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As of July 18, 2023, Hindustan Zinc is trading at Rs.319.50 with a marketcap of Rs. 1.35LCr. Hindzinc share price is down by 1.72% YTD. However, the price is expected to perform much better in the remaining 2 quarters of 2023.
As per our price target, Hindustan Zinc can at max can reach ₹363.26 by December 2023. Hindzinc minimum price target for 2023 is ₹291 (March 2023).
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Hind Zinc share price targets for the year 2024 suggest bullishness.
In January, the stock is projected to reach a maximum price target of ₹648.10, while the minimum price target is expected to be ₹498.54. As the year progresses, the share price targets show a gradual increase, indicating a positive return potential for investors.
The stock demonstrates a bearish trend in May, with the minimum price target reaching ₹446.69, followed by a recovery and an upward trajectory in the subsequent months.
The maximum price target for the year is anticipated in December at ₹862.00, suggesting a significant growth opportunity.
Overall, the Hind Zinc share price targets for 2024 indicate a favorable outlook for the stock, with the potential for investors to gain returns throughout the year.
HINDZINC Share Price
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The table presents the projected Hind Zinc share price targets for the year 2025.
In January, the stock is expected to have a maximum price target of ₹507.60, while the minimum price target is projected to be ₹308.99.
Throughout the year, the share price targets demonstrate an overall upward trend, indicating potential upside for investors. The average target for the stock increases gradually from month to month, reaching its highest point in December at ₹507.60.
This signifies a positive trajectory and potential growth in the stock’s value. Based on the targets, the stock shows a favorable outlook for 2025.
However, it is important to note that investment decisions should consider various factors, and it is advisable to consult with financial professionals for personalized recommendations.
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The projected Hindustan Zinc share price targets for the years 2026 to 2030 show a range of potential prices. In 2026, the maximum price target is expected to be ₹631.93, while the minimum price target is projected to be ₹412.35. As the years progress, the share price targets continue to fluctuate. In 2027, the maximum price target is anticipated to reach ₹622.14, with a minimum price target of ₹435.50. However, from 2028 onwards, the share price targets show a substantial increase. In 2028, the maximum price target is projected to be ₹1,119.86, while in 2029, it is expected to reach ₹2,300.36. By 2030, the maximum price target is projected to be ₹2,561.77, with a minimum price target of ₹1,793.24. These targets indicate the potential for significant growth in the Hindustan Zinc share price in the coming years.
Financial Condition of Hindustan Zinc: Last 5 years
|Profit before tax||10,456.00||8,390.00||10,574.00||14,101.00||15,297.00|
|Price to earning||14.70||9.65||14.45||13.61||11.78|
The financial bank statement for the last five years provides insights into the company’s growth. Over this period, the company’s revenue exhibited consistent growth, with a maximum revenue of ₹34,098.00 in March 2023, compared to ₹21,118.00 in March 2019.
Similarly, the company’s net profit showed a positive trend, reaching a maximum of ₹10,520.00 in March 2023, compared to ₹7,956.00 in March 2019. The earnings per share (EPS) also experienced an upward trajectory, indicating growth in profitability.
The company’s operating profit margin (OPM) remained relatively stable, averaging around 50% throughout the five-year period. Despite some fluctuations, the company’s price-to-earning (P/E) ratio displayed a decreasing trend, suggesting a potential undervaluation in the market. Overall, the company exhibited consistent revenue growth and profit growth, highlighting its performance and potential for investors.
JM Financials on Hindustan Zinc share price target
JM Financials has given a buy call on Hindustan Zinc. According to the brokerage firm, you can continue buying Hindustan Zinc share with a target price of Rs335. (.24-Apr-2023)
HDFC Securities on Hindustan Zinc share price target
HDFC Securities has given a buy call on Hindustan Zinc. According to brokerage firm, you can continue buying Hindustan Zinc share with a target price of Rs339. (30-Aug-2022)
The share price target provides an estimate of the expected price range for Hindustan Zinc shares in the future, helping investors make informed decisions.
The projected share price targets range from ₹291.90 in 2023 to ₹2,561.77 in 2030, indicating potential growth opportunities.
How are these targets determined?
Share price targets are determined based on various factors such as historical performance, industry trends, financial indicators, and market analysis.
Factors such as consistent income growth, government policies, positive PAT (Profit After Tax), revenue growth, price of raw Zinc, and profit growth over the past years contribute to the expected growth.
The share price targets provide valuable insights for investors, but individual investment decisions should consider personal financial goals and risk tolerance.
Like any investment, Hindustan Zinc shares come with certain risks, including market volatility, industry-specific challenges, and economic factors that may impact the company’s performance.
Investors should analyze the company’s financial health, competitive position, management efficiency, and industry outlook before making an investment decision.
Q9: Can the share price targets change over time? A9: Yes, share price targets are not guaranteed and can change based on evolving market conditions, company performance, and external factors influencing the stock market.
What are the long-term prospects for Hindustan Zinc Ltd?
Hindustan Zinc Ltd’s strong financial performance, projected growth in share price targets, and its position as a leading player in the mining industry provide a favorable outlook for long-term prospects. However, thorough research and ongoing monitoring of the company’s performance are crucial for informed investment decisions.
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Conclusion: Should you buy HindZinc?
A positive prognosis for potential investors is demonstrated by the examination of Hindustan Zinc’s share price predictions from 2023 to 2030.
Over the last five years, Hindustan Zinc Limited (HZL) has exhibited steady growth and financial stability. The company’s sales have consistently increased, reaching 34,098 crores INR in March 2023, indicating a growing demand for its products. HZL has maintained a strong operating profit margin, ranging from 44% to 56%, highlighting effective cost management and operational efficiency. Net profits have steadily risen, reaching 10,520 crores INR in March 2023. This consistent profitability has translated into an upward trend in earnings per share (EPS), which reached 24.90 INR. While dividend payout percentages have varied during this period, ranging from 79% to 303%, the company has demonstrated a commitment to distributing profits to its shareholders. Overall, based on the last five years’ financial performance, HZL appears to be a company that has experienced growth and profitability, with a positive outlook for the future.
Although I like to stay away from Government based companies, I would still buy Hindustan Zinc shares for the dividend.