Phillip Capital has maintained neutral rating on Hindustan Zinc in the long term with a target price of Rs 215.
Hindustan Zinc shares ended down 1.9% at Rs 212.3 on Tuesday while the BSE Sensex closed 205.10 points (0.49%) down at 41,323.81.Company FinancialsFor the quarter ended 31-12-2019, the company has reported standalone sales of Rs 4626.00 crore, up 3.70% from last quarter sales of Rs 4461.00 crore and down -16.50% from last year same quarter sales of Rs 5540.00 crore.
The company has reported net profit after tax of Rs 1620.00 crore in the latest quarter.
The companys top management includes Mr.A R Narayanaswamy, Mr.Arun L Todarwal, Mr.Navin Agarwal, Mr.Sunil Duggal, Ms.Farida M Naik, Ms.Kiran Agarwal, Ms.Reena Sinha Puri.
Company has S R Batliboi - Co.
LLP as its auditors.
As on 31-12-2019, the company has a total of 4,225,319,000 shares outstanding.
Investment RationaleThe wait for volume led growth story is getting longer as its the second consecutive year where company failed to deliver the annual production guidance, said Phillip Capital.
Incremental volumes from expansion projects across the world would gradually push zinc market into surplus, said Phillip Capital.