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Hindustan ZincNSE:HINDZINC -1.10%96 Altman Z-Score is 9.29 as of Jul. 17, 2026, which is 11% above its 10-year median of 8.34. GuruFocus rates NSE:HINDZINC with a GF Score™ of 96/100 and a GF Value™ of ₹593.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 786 Metals & Mining companies, Hindustan Zinc ranks better than 84.22% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 9.48 is strong.
Hindustan Zinc has a Altman Z-Score of 9.29, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Hindustan Zinc's Altman Z-Score or its related term are showing as below:
NSE:HINDZINC'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.82 Med: 8.34 Max: 13.7
Current: 9.48
During the past 13 years, Hindustan Zinc's highest Altman Z-Score was 13.70. The lowest was 4.82. And the median was 8.34.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Hindustan Zinc Altman Z-Score Related Terms
Hindustan Zinc Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Hindustan Zinc's Altman Z-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Hindustan Zinc's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hindustan Zinc Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hindustan Zinc's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Hindustan Zinc's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.1257
+
1.4
*
0
+
3.3
*
0.4576
+
0.6
*
11.1738
+
1.0
*
0.925
=
9.29
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Hindustan Zinc (NSE:HINDZINC) has a Altman Z-Score of 9.29 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hindustan Zinc and its competitors. This is 11% above median its historical median of 8.34. Over the past decade, Hindustan Zinc's Altman Z-Score has ranged from 4.82 to 13.70. According to the industry distribution chart, Hindustan Zinc ranks #124 out of 786 companies in the Metals & Mining industry, placing it in the top 15.8%.
Is Hindustan Zinc's Altman Z-Score too high?
Hindustan Zinc's current Altman Z-Score of 9.29 is 11% above median its 10-year median of 8.34. Over the past 10 years, this metric has ranged from a low of 4.82 to a high of 13.70. The Metals & Mining industry median Altman Z-Score is 3.28. Hindustan Zinc's value of 9.29 is 183.2% above this industry median. Based on the distribution chart, Hindustan Zinc ranks #124 out of 786 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Hindustan Zinc has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Zinc's Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Hindustan Zinc ranks #124 out of 786 companies for Altman Z-Score. This places Hindustan Zinc in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.28. Hindustan Zinc's value of 9.29 is 183.2% above this benchmark. Historically, Hindustan Zinc's own Altman Z-Score has ranged from 4.82 to 13.70 over the past decade. While the company's 10-year median is 8.34 vs. the industry median of 3.28, Hindustan Zinc has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.28, based on 786 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hindustan Zinc's current Altman Z-Score of 9.29 is 183.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hindustan Zinc and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Zinc's current Altman Z-Score is 9.29, which is 11% above median its own 10-year median of 8.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Zinc stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Zinc (NSE:HINDZINC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹593.40, compared to a current price of ₹521.95 — trading 12% below its estimated fair value. The current Altman Z-Score is 9.29, which is 11% above median its 10-year median of 8.34 and 183.2% above the Metals & Mining industry median of 3.28. Hindustan Zinc's overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Hindustan Zinc (NSE:HINDZINC), the current Altman Z-Score is 9.29 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hindustan Zinc (NSE:HINDZINC) Overvalued in 2026?
Based on GuruFocus' analysis, Hindustan Zinc stock appears to be undervalued.
The current stock price of ₹521.95 is trading 12% below its estimated GF Value™ of ₹593.40.
GuruFocus considers Hindustan Zinc to be Modestly Undervalued.
Key valuation signals for NSE:HINDZINC:
Altman Z-Score: 9.29 (11% above median its 10-year median of 8.34)
GF Value™: ₹593.40 vs. price of ₹521.95 (12% below fair value)
Industry Position: 183.2% above the Metals & Mining median (#124 of 786)
No single metric tells the full story. See the NSE:HINDZINC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindustan Zinc Ltd is engaged in exploring, extracting, and processing minerals. Its operations include five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulphuric acid plants, one silver refinery plant, six captive thermal power plants, and four captive solar plants in Rajasthan. The Company also has a rock-phosphate mine in Matoon near Udaipur, Rajasthan, and zinc, lead, and silver processing and refining facilities in Uttarakhand. The Group produces zinc, lead, silver, commercial power, and alloys. The Group operates through two reportable segments: Zinc, Lead, Silver & Others, which generates the maximum revenue, and Wind Energy. The company generates the maximum revenue from India.
96GF Score
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