Motilal Oswal has neutral call on Hindustan Zinc with a target price of Rs 268. The current market price of Hindustan Zinc Ltd. is Rs 288.4.
Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 125238.46 Crore) operating in Metals - Non Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 5915.00 Crore, up 6.90 % from last quarter Sales of Rs 5533.00 Crore and up 27.86 % from last year same quarter Sales of Rs 4626.00 Crore Company reported net profit after tax of Rs 2200.00 Crore in latest quarter.
Investment Rationale
As major projects near completion, it expects 9% CAGR in HZ volumes over FY21-23E, driving an 18% CAGR in EBITDA. However, it believes this growth is factored in the current valuation and hence it rates it Neutral.
Promoter/FII Holdings
Promoters held 64.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 1 per cent, DIIs 32.2 per cent and public and others 1.9 per cent.
Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 125238.46 Crore) operating in Metals - Non Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 5915.00 Crore, up 6.90 % from last quarter Sales of Rs 5533.00 Crore and up 27.86 % from last year same quarter Sales of Rs 4626.00 Crore Company reported net profit after tax of Rs 2200.00 Crore in latest quarter.
Investment Rationale
As major projects near completion, it expects 9% CAGR in HZ volumes over FY21-23E, driving an 18% CAGR in EBITDA. However, it believes this growth is factored in the current valuation and hence it rates it Neutral.
Promoter/FII Holdings
Promoters held 64.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 1 per cent, DIIs 32.2 per cent and public and others 1.9 per cent.
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