Stock market investors often look for such shares which can give huge profits in a short period of time. However, among the stocks listed on the exchange, only a select few have the potential to deliver “multibagger” returns (returns multiple times the capital invested). Still, identifying these special stocks is by no means an easy task. Today, we will talk about a company that has made its investors millionaires in 24 years.
Investors who had invested ₹1 lakh now have crores of rupees
Here we are talking about Hindustan Zinc Limited, which is the company of experienced investor Anil Aggarwal. In the last 24 years, the shares of this company have given a whopping 1,400 percent return. Accordingly, if an investor had invested ₹ 1 lakh in this company in 2002, then today (by May 2026) the value of that investment would have been approximately ₹ 14 crore. Over the last 24 years, the company has delivered returns with a compound annual growth rate (CAGR) of approximately 33 percent.
The journey from government ownership to private enterprise
Hindustan Zinc was originally a government company. In 2002, the government sold its 26 per cent stake in the company to Anil Agarwal’s company, ‘Sterlite Industries’ (now part of the Vedanta Group) for ₹445 crore. Today, Hindustan Zinc is one of the largest producers of silver in the world.
At the forefront in giving dividends
In the stock market, Hindustan Zinc is known as one of the companies with the strongest dividend paying record. The company consistently distributes a large portion of its profits among its investors. In April, the company declared a dividend of ₹11 per share, its first dividend for fiscal year 2026-27.
Dividend History
2025-26: Dividend of ₹ 10 per share was announced.
2024-25: The company declared a total dividend of ₹29 per share, which was divided into two installments (₹10 + ₹19). 2023-24: Dividend payment of ₹13 per share (7+6).
Based on its current share price (₹630–₹645), Hindustan Zinc has a dividend yield of around 3.26% to 3.47%.