Hindustan Zinc Q4 Review -  Set For Next Phase Of Growth: ICICI Securities
Liquid zinc flows towards a mold in the rotary foundry room.  (Photographer: Andrey Rudakov/Bloomberg)

Hindustan Zinc Q4 Review - Set For Next Phase Of Growth: ICICI Securities

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Hindustan Zinc Ltd. continues to prepare for its eventual leap towards 1.2 million tonne per annum and then 1.35 mtpa of mined metal production.

While, FY22 was expected to witness ramp-up in production to 1.2 mtpa, second wave of Covid-19 outbreak in India seems to have postponed the same.

Management guided for a conservative 11.5% YoY mined metal production growth (mid-point).

Similarly, silver production guidance has been stemmed down to 720 tonne.

The decline in guided range because of Covid-19 is more than offset by commodity inflation, as can be seen in our FY22E earnings (up 10%).

Click on the attachment to read the full report:

ICICI Securities Hindustan Zinc Q4FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.