Hindustan Zinc: CMP: 570, Buy price 540, Target Price:645, Return Expected after brokerage(Buy/Sell) 18%
Hindustan Zinc: CMP: 570 Target Price:645, Return Expected after brokerage(Buy/Sell) 18%
Wait & buy at price: 540-550 range.I believe govt spending in Infra projects is positive indicator for this script.
Hindustan Zinc started in year 1942 as small lead smelting pilot plant was set up at Tundoo near Dhanbad in Bihar.
Today , Hindustan Zinc is India’s only integrated producer of zinc and lead and is among the world’s leading integrated zinc and lead producers. Its metal production capacity is currently 754,000 tonnes per annum. The smelters are situated at Chanderiya, Debari and Visakhapatnam and the mines are situated at Zawar, Dariba and Rampura Agucha. Hindustan Zinc has about 6,400 employees. The company is a subsidiary of Sterlite Industries (India). Company has good corporate governance so far.
Key Products: Lead, Zinc & Silver
Key Financial Highlights: Year-on Year basis- Mar’09 Audited
Sales Gwth:-23% (This is due to global slowdown in consumption of metals)
Operating margin: 62%
Net profit margin: 46%
Book Value Inclusive reserves: 280
Return on Net worth: 15%
Dividend per share: 40% compared to 50% last year (Rs4 per share)
EPS: 64.55
Qtr-Qtr Basis: Mar’09 compared to Mar’08
Sales gwth: -46%,
Operating margin: 45%
Net profit margin: 37%
Sales was down from 2287 to 1288
Net profit was down from 847 to 551
Market Cap:
Face Value: 2,
Group A,
Industry type: Mining.
Refer to company website for more information.
*** I do hold this scrip with my purchase price being at various stage being 650, 250, 415, 550
Wait & buy at price: 540-550 range.I believe govt spending in Infra projects is positive indicator for this script.
Hindustan Zinc started in year 1942 as small lead smelting pilot plant was set up at Tundoo near Dhanbad in Bihar.
Today , Hindustan Zinc is India’s only integrated producer of zinc and lead and is among the world’s leading integrated zinc and lead producers. Its metal production capacity is currently 754,000 tonnes per annum. The smelters are situated at Chanderiya, Debari and Visakhapatnam and the mines are situated at Zawar, Dariba and Rampura Agucha. Hindustan Zinc has about 6,400 employees. The company is a subsidiary of Sterlite Industries (India). Company has good corporate governance so far.
Key Products: Lead, Zinc & Silver
Key Financial Highlights: Year-on Year basis- Mar’09 Audited
Sales Gwth:-23% (This is due to global slowdown in consumption of metals)
Operating margin: 62%
Net profit margin: 46%
Book Value Inclusive reserves: 280
Return on Net worth: 15%
Dividend per share: 40% compared to 50% last year (Rs4 per share)
EPS: 64.55
Qtr-Qtr Basis: Mar’09 compared to Mar’08
Sales gwth: -46%,
Operating margin: 45%
Net profit margin: 37%
Sales was down from 2287 to 1288
Net profit was down from 847 to 551
Market Cap:
Face Value: 2,
Group A,
Industry type: Mining.
Refer to company website for more information.
*** I do hold this scrip with my purchase price being at various stage being 650, 250, 415, 550
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