Hindustan Zinc Share Price Target 2026: Hindustan Zinc is a Vedanta Group company and the world’s largest integrated zinc producer. Brokerage firm SBI Securities has recommended a BUY rating on Hindustan Zinc shares for a target price of Rs 745.
Hindustan Zinc share price target implies an upside of 15 per cent from the current market price of Rs 667.
SBI Securities highlighted Hindustan Zinc's strong operational outlook, robust earnings trajectory, expanding silver contribution and strategic positioning in India’s critical minerals ecosystem as key growth drivers.
The brokerage noted that Hindustan Zinc continues to benefit from India’s long-term infrastructure and manufacturing growth story.
With the government targeting steel demand of nearly 300 million tonnes by CY30, India’s zinc and lead demand is expected to rise to nearly 2 million tonnes, positioning Hindustan Zinc as a key beneficiary given its nearly 77% share in the domestic primary zinc market.
SBI Securities also highlighted Hindustan Zinc's expansion into critical minerals, noting that the company has secured three mineral blocks across tungsten, potash and rare earth elements.
“This strengthens Hindustan Zinc's long-term strategic positioning in minerals linked to energy transition and industrial growth," the brokerage said.
SBI Securities added that Hindustan Zinc's financial performance remains strong. In Q4 FY26, Hindustan Zinc reported consolidated revenue of Rs 13,544 crore, EBITDA of Rs 7,706 crore and PAT of Rs 5,033 crore, registering year-on-year growth of 49 per cent, 59.9 per cent and 67.6 per cent, respectively. EBITDA margins expanded by nearly 390 basis points YoY to 56.9 per cent, supported by the company’s lowest-ever zinc cost of production following the underground mining transition.
Silver contributed nearly 45 per cent to overall profitability in FY26, further strengthening earnings resilience.
