Get Unlimited Plan at 75% OFF!

Advertisement
logo

Hindustan Aeronautics

HAL
Large Cap
(%) 1D
no_data

No Data Available

1D1W1M3M6M1YMAX

Investor Sentiment

50%50%
Bullish
Bearish
Advertisement

Hindustan Aeronautics Share price and Fundamental Analysis

View All Details
View All Details
Hindustan Aeronautics Limited (HAL), a Public Sector Enterprise, is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products. In addition, the company has entered into 13 commercial joint ventures to grow its operations.
Company Incorporation1963
ChairmanC B Ananthakrishnan
Head QuartersBangalore
Previous NameNA

Key Metrics

Market Cap (Cr)
3,01,423
PE Ratio
34.68
Industry P/E
52.68
PEG Ratio
0.84
ROE
27.3%
ROCE
25.29%
ROA
10.05%
Total Debt (Cr)
1.15
Debt to Equity
0
Dividend Yield
0.78%
EPS
129.97
Book Value & P/B
466.51 x 9.66
Face Value
5
Outstanding Shares(Cr)
66.88
Current Ratio
1.72
EV to Sales
8.5

Included In

+More

Stock Returns

1 Week-2.21%
1 Month+12.46%
6 Months+1.66%
1 Year+16.88%
3 Years+479%
5 Years+1680.35%

CAGR

1 Year CAGR

Revenue Growth

+12.83%

Net Profit Growth

+30.77%

Operating Profit Growth

+39.39%

Dividend Growth

-36.36%

Stock Returns CAGR

+16.88%
no_data

No Stocks

Smart Score

3.3
icn

Unlock Smart Score

See Detailed Analysis & Insights

icn

Unlock Insights

See Detailed Analysis & Insights

Technicals

Returns Calculator

If you would have invested
In 5 years the current value would be
NaNCRNaNCR( %)

Research Report

No Research Report

View Other Reports >

Corporate Action

Board-Meetings
Board-Meetings
Dividends
Bonus
Splits
Right-issues
AGM-EGM
Bulk-Deal
Block-Deal

Financials

Half Yearly Statement

/ View Standalone

Profit and Loss Statement

/ View Standalone
Credit Rating
Director Report
Chairman Report
Auditor Report

Balance sheet

/ View Standalone

Cashflow Statement

/ View Standalone
Mar 25

Promoters : 71.64%

FIIs : 12.08%

DIIs : 8.30%

Public : 7.98%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
DII Shareholding Increased by 0.15% to 8.3% in March 2025 Qtr
FII Shareholding Decreased by 0.18% to 12.08% in March 2025 Qtr

Top Shareholders

View all Share Holders

Key Ratios

Profitability
Valuation
Liquidity

ROE

Avg ROE (3 Yrs) : NaN%

ROCE

Avg ROCE (3 Yrs) : NaN%

ROA

Avg ROA (3 Yrs) : NaN%

NPM

Avg NPM (3 Yrs) : NaN%

Dividend History

Hindustan Aeronautics Competitors

Sector
Industry

Company Name

MCap(TTM)

PE(TTM)

P/B(TTM)

ROE(TTM)

D/E

Current Ratio(TTM)

5 Year FactSheet

Profitability
Profitability
Growth Ratios
Valuation Ratios
Cashflow Ratios
Debt and Liquidity
Efficiency Ratios

Documents

Annual Reports
Con-Call

News

Hindustan Aeronautics Management and History

Company Management

icn

Unlock Management Data

See Detailed Analysis & Insights

Company History

Hindustan Aeronautics Limited (HAL), a Public Sector Enterprise, is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products. In addition, the company has entered into 13 commercial joint ventures to grow its operations.

Hindustan Aeronautics Limited (HAL) was incorporated as a Private Limited Company with the name 'Aeronautics India Limited' on August 16, 1963. Subsequently, Hindustan Aircraft Limited, a Company incorporated on December 23, 1940 merged with the Company, pursuant to the Aircraft Companies' Amalgamation Order dated September 28, 1964. The name of the Company was changed to 'Hindustan Aeronautics Limited' on December 05, 1964 with effect from October 01, 1964

In 1970, the Company established the Helicopter factory at Bangalore. In 1983, the company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh.

The status of the Company was changed to Public Limited Company by a Special Resolution of the Members of the Company passed at the Extra Ordinary General Meeting held on July 10, 1995.

In 1998, the Company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore. In 2000, the company established the Airport Service Centre at Bangalore.

The Company's Aircraft Upgrade R&D Centre ('AURDC') was conferred with the 'Raksha Mantri's Award for Excellence in Performance (Design Effort)' in relation to the MiG-27 aircraft for the year 2005-06.

In 2006, the Company upgraded the Barrackpore Branch Factory to a Division.

The Company was notified as a Navratna Company by the Department of Public Enterprises, GoI through notification on June 27, 2007. The Navratna status provides the Company with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI.

In 2008, the Company created a separate Helicopter Complex. In 2015, the company carried out restructuring of all R&D Centres under Design Complex.

In 2016, the Company upgraded the Korwa Branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre. On 29 December 2016, Naini Aerospace Limited was incorporated as a 100% subsidiary of Hindustan Aeronautics.

On 2 May 2017, the Company's subsidiary Indo-Russian Helicopters Limited was incorporated.

During year 2018-19, Company produced 41 new Aircraft and Helicopters. Additionally, they produced 102 New Aero-Engines and Accessories. It overhauled 213 platforms of various aircraft. Further, 560 Russian and western origin aero-engines were overhauled by the Company during the year under review.

During the year 2018-19, Light Combat Helicopter (LCH) completed all weapon integration and firing tests in January, 2019 and is ready for induction. The maiden flight of third prototype (PT3) of Light Utility Helicopter (LUH) was conducted on 14th December, 2018. Advanced Light Helicopter (ALH) blade folding capability was demonstrated to customer on December 19, 2018 on CG 855 helicopter. The LCA Tejas completed mid-air refuelling trial by Wet (actual) Engagement on 10th September, 2018. It accomplished 100% running of HTFE-25 crore 2 Engine with Inlet Guide Vane (IGV) modulation in March, 2019. It indigeneously designed and developed Gas Turbine Electrical Generator (GTEG-60) Auxiliary Power Unit (APU) to start the main engines of AN-32 Military Transport Aircraft was flown on 11th February, 2019. Astra Missile was test fired by the IAF on 26th September, 2018. The LCA Naval Prototype -2 (NP2), safely executed the first contract of the HAL- designed and developed Arrester Hook System (AHS) with arresting wire at moderate taxi-in speed on August 02nd, 2018. The first Mirage 2000 aircraft upgraded to IOC standard with indigenous modification kits was delivered by the Company to the IAF on 01st January, 2019. The Company flew the Light Utility Helicopter (LUH) on 29th December, 2018.

During year 2019-20, Company has produced 31 new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do228, ALH Dhruv, Cheetal Helicopter and Chetak Helicopter, in addition to the production of 117 New Engines and Accessories. It overhauled 201 platforms including both fixed wing and rotary wing aircraft of various types. Further, 486 aero-engines of Russian and Western origin were also overhauled during the year under review. It has signaled out 7 ALHs of the current year production ahead of schedule for Army and delivered 1 Chetak Helicopter to the Indian Navy ahead of schedule. It has commenced production of Jaguar DARIN III (FOC) Upgrade and started manufacturing of RD-33 Engines.

During year 2020-21, Company has produced 44 Nos of new Aircraft and Helicopters, covering Su-30 MKI, LCA Tejas, Dornier Do-228, ALH Dhruv, Light Combat Helicopter (LCH) and Chetak helicopter in addition to the production of 102 New Engines and Accessories. It overhauled 198 Nos of Aircraft and Helicopters. Further, 506 engines were also overhauled during the year 2020-21. The Company produced FOC standard LCA Tejas has been inducted into IAF Squadron The Flying Bullets' on May 27, 2020. Second production line for LCA aircraft has been operationalised and 2 LCAs have been produced in FY 2020-21. Two Light Combat Helicopters (LCH) were deployed for operations at high altitude at short notice to support IAF missions on August 12, 2020. Three Light Combat Helicopters (LCH) have been produced and signalled out against the Letter of Intent of IAF. It overhauled 5 Nos of Su30-MKI aircraft. It received Initial Operational Clearance (IOC) of Light Utility Helicopter (LUH) for the Indian Army from CEMILAC at the Aero India 2021. It received Operational Clearance from CEMILAC for ALH Mk-III for Indian Coast Guard and Indian Navy in January, 2021. The Company handed over three ALH Mk III to the Indian Navy and two ALH to Indian Coast Guard at the Aero India 2021. It demonstrated the tail boom folding operation on ALH Mk-III helicopter in November, 2020. The first Upgraded ALH Mk III CIVIL helicopter has been produced in November, 2020. It indigenously designed and developed a 60kW Gas Turbine Electrical Generator (GTEG-60), the Auxiliary Power Unit (APU) for the Military Transport aircraft AN-32, which has attained operational clearance on May 28, 2020. The 150th Do-228 aircraft, produced by HAL was handed over on November 11, 2020. A digital Pilot Operating Handbook (POH)' was also released as in-house efforts towards automation and Digital India'. It manufactured 300th Advanced Light Helicopter (ALH) which was rolled out and certified on 29th September, 2020. The biggest Cryogenic propellant tank (C32 LH2) ever fabricated for ISRO, was delivered to ISRO on November 28, 2020. FirstISROSENE Propellant Tank' ofsemi cryo developmental project has been formally handed over to LPSC, ISRO on 05th February, 2021. Inner Ring, a critical aero-engine component operating in the hot zone, has been developed and manufactured through 3D printing technology with the collaboration of Wipro Enterprises (P) Ltd. During the year 2021, the Company has entered into a contract for supply of 83 LCA Mk1A to IAF. It carried the production and supply orders of Su-30 MKI aircraft, Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, accessories and aerospace structures to fulfill the requirement of their esteemed customers. It has achieved significant progress in various R&D / Development Projects viz. Basic Trainer Aircraft (HTT-40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA)- MK1A, Jaguar Darin III Upgrade, Hawk-i and Development of Engines.

During the year 2022, the Company has produced 34 numbers of new Aircraft and Helicopters, covering LCA Tejas, Dornier Do228, ALH Dhruv and Light Combat Helicopter (LCH) in addition to the production of 80 New Engines and Accessories, at its various Divisions. It has also overhauled 207 Aircraft / Helicopters and 506 engines during the year.

As on March 31, 2022, Company has 2 Subsidiaries including 1 wholly owned Subsidiary and 14 Joint Venture Companies (JVCs) including 2 Not-for-Profit Companies.

During year 2021-22, Company handed over 75th ROH Su-30 MKI aircraft to IAF on January 25, 2022. It completed Mid-Life upgrade of two Do-228 aircraft for Coast Guard in 2021-22 against deliveries originally scheduled to start from 2022-23 as per Contract. It commenced Performance Based Logistics (PBL) operations of ALH Mk III (MR) on February 10, 2022 for the first batch of ALH Mk III (MR) inducted by CG under PBL support regime. It made an investment of Rs. 1,20,000 Lakh in UP Defence Industrial Corridor (UPDIC) towards enhancement of capacity & capability at Lucknow, Korwa and Kanpur Divisions of HAL. In-line with Government's vision to boost defence exports to friendly foreign countries, HAL signed contracts with Government of Mauritius (GoM) for export of one passenger variant Do-228 (PVD) on September 10, 2021 and for one Advanced Light Helicopter (ALH) Mk III helicopter on January 19, 2022. Further, HAL has already completed the production and delivery of this Do-228 PVD for Mauritius ahead of contractual delivery commitment. The Intermediate Jet Trainer (IJT), designed and developed by HAL for stage -II training of IAF pilots has demonstrated the capability to carry out six turn spins, to the LH and RH sides, which is the most crucial stage in flight trials. The Company indigenously designed and developed Air Data Computer ADC 3600A CVL1 (ADC-ITSOA)' which is Environmentally Qualified' with in-house developed application software certified for civil platforms of aircraft and helicopters. It integrated and flown Lithium Main Battery' on HTT-40 and making it first time in the continent using lithium battery for military aviation. It indigenously designed and developed Solid State Weapon Control System (SSWCS) for management of weapons on Jaguar aircraft as a replacement to the ageing Armament Main unit (AMU). It completed the design, development and certification of Solid State Cockpit Voice and Flight Data Recorder (SSCVFDR) and Control Unit (CU) for Hindustan-228 aircraft. The heaviest Semi-Cryogenic propellant tank (SC120- LOX) ever fabricated by HAL was delivered to Indian Space Research Organization (ISRO) on October 5, 2021.

During the year 2022, the Company has produced Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft (both civil & military), Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), engines, accessories and aerospace structures against the various customer orders. It launched production of Light Utility Helicopter (LUH). It signed a lease agreement with Alliance Air Aviation Limited on September 26, 2021 for the supply of two Civil Do-228 aircraft for regional operations in Arunachal Pradesh to boost the Regional Connectivity Scheme (RCS). First commercial flight on the Dibrugarh-Pasighat route commenced on April 12, 2022 by Alliance Air Aviation Limited. It embarked on DGCA Type Certification (TC) of 19 seater Hindustan-228 aircraft, a Do-228 Civil variant.

In FY 2022, the Company launched new platform design and development programmes such as Combat Air Teaming System (CATS) Warrior, Hindustan Lead in Fighter Trainer HLFT-42, High Altitude Pseudo Satellite (HAPS), Utility Helicopter-Maritime, Deck Based Multi Role Helicopter (DBMRH). It has signed an MoU with Rolls-Royce on April 9, 2021 to explore the potential opportunity of HAL to become a 'Build to Print' supplier for the MT30 (Gas Turbine) package for sales within the Indian market. It signed an agreement with Rolls-Royce on September 14, 2021 for Make-in-India Adour engine parts to support Rolls-Royce's international defence customer base. The Company and d ZeroAvia entered into a development collaboration agreement on 9th November, 2021 for hydrogen-electric powertrain capable of flying the 19 seat Dornier 228 aircraft up to 500 NM. It signed an MoU with Max AeroSpace & Aviation Pvt. Ltd., Mumbai on 12th January, 2022 to explore business opportunities for MRO of civil aircraft. It signed an MoU with Uganda Peoples Defence Forces (UPDF) on 3rd March, 2022 towards Co-operation for Repair, Overhaul and maintenance, supply of spares etc., for Su-30 Mk2 of UPDF. It signed an MoU with Safran Helicopter Engines (SafranHE) on 14th March, 2022 for exploring business opportunities in the area of Helicopter Engines, etc. It has entered into a MoU with Israel Aerospace Industries (IAI) on 4th April, 2022 to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. It integrated Medical Intensive Care Unit (MICU) on board two ALH MK III of Indian Navy deployed at INS Hansa, Goa during May/June 2021. It carried out Ceremonial First Flight' of upgraded Dhruv Civil Helicopter on November 26, 2021.

During the year 2023, the Company produced 22 numbers of new Aircraft and Helicopters, covering Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), engines in addition to the production of 51 New Engines and Accessories, at its various Divisions. The Company overhauled 216 Aircraft / Helicopters and 536 engines during the year.

During the year 2023, the Company opened Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru on September 27, 2022. It commissioned the production of 15 Light Combat Helicopters (LCH) against the 15 LCH contract ahead of contract schedule. The first flight of the LCA Mk1A prototype (LCA SP-25 modified for MK1A features) was commissioned on May 20, 2022. It produced 4 Do-228 aircraft in advance against the contract for supply 6 Do-228 to IAF. The maiden arrested landing and ski-jump take-off from the indigenous aircraft carrier INS Vikrant was carried out by the LCA Navy MK1 aircraft on February 6, 2023. Handed over the last of the 16 ALH MKIII (Maritime role) order to the Indian Coast Guard (ICG) on November 15, 2022. Delivered the first set of hardware for Gaganyaan mission (first unmanned mission) as well as the 150th HAL made Satellite Bus-structure to ISRO on April 4, 2022. HAL also delivered the Crew Module Fairing (CMF) and HEM-Thrust Transfer Structure (HTS) hardware for Human Spaceflight Program' to Indian Space Research Organization (ISRO) on August 17, 2022 in Bengaluru. Build of LCA Navy MK I Trainer prototype aircraft NP5 (3rd Naval prototype) commissioned and engine ground run carried out on January 16, 2023. Design & development of Indigenous Mission Management System (MMS) integrated on DO-228 (ICG) and flight testing commenced from August 25, 2022. Developed and designed Solid State Flight Data Recorder (SSFDR) / Cockpit Voice Recorder (CVR) for Cheetah, Chetak and Cheetal helicopter. The Company indigenously designed and developed two products, HTT-40 Basic Trainer Aircraft and LUH MkI. It commissioned New Helicopter Manufacturing Factory at Tumakuru; established facilities for manufacturing of semi cryogenic and cryogenic engine components at Integrated Cryogenic Engine Manufacturing Facility (ICMF). The Company achieved a significant milestone towards civil aviation segment and Regional Connectivity Scheme UDAN with the first commercial flight of HAL's civil Do-228 held on April 12, 2022 at Dibrugarh-Pasighat route.

During the year 2023, HTT-40 completed erect spin certification flights, and PSQR validation trials. First Inverted Spin tests was carried out in March, 2023.

Hindustan Aeronautics Share Price

Hindustan Aeronautics share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Hindustan Aeronautics Market Cap

Market capitalization of Hindustan Aeronautics indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Hindustan Aeronautics is valued compared to its competitors.

Hindustan Aeronautics PE Ratio

Hindustan Aeronautics PE ratio helps investors understand what is the market value of each stock compared to Hindustan Aeronautics 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Hindustan Aeronautics PEG Ratio

The PEG ratio of Hindustan Aeronautics evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Hindustan Aeronautics ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Hindustan Aeronautics generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Hindustan Aeronautics ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Hindustan Aeronautics in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Hindustan Aeronautics Total Debt

Total debt of Hindustan Aeronautics shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Hindustan Aeronautics Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Hindustan Aeronautics compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Hindustan Aeronautics CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Hindustan Aeronautics over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Hindustan Aeronautics Technical Analysis

Technical analysis of Hindustan Aeronautics helps investors get an insight into when they can enter or exit the stock. Key components of Hindustan Aeronautics Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Hindustan Aeronautics shares often struggle to rise above due to selling pressure.

Hindustan Aeronautics Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Hindustan Aeronautics ’s financial health and profitability.

Hindustan Aeronautics Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Hindustan Aeronautics Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Hindustan Aeronautics Financials

The financials of Hindustan Aeronautics provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Hindustan Aeronautics Profit and Loss Statements

The profit and loss statement of Hindustan Aeronautics highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Hindustan Aeronautics .

Hindustan Aeronautics Balance Sheet

The balance sheet presents a snapshot of Hindustan Aeronautics ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Hindustan Aeronautics Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

Download the App