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Hindustan Aeronautics Ltd

HAL

Hindustan Aeronautics Ltd

HAL
IndustrialsAerospace & Defense Equipments
LargecapWith a market cap of ₹2,96,778 cr, stock is ranked 33
Moderate RiskStock is 2.96x as volatile as Nifty
4,176.355.89% (-261.30)
4,176.355.89% (-261.30)

Price Chart

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Low
Returns
1D
1W
1M
1Y
5Y
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsAerospace & Defense Equipments
LargecapWith a market cap of ₹2,96,778 cr, stock is ranked 33
Moderate RiskStock is 2.96x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsAerospace & Defense Equipments
LargecapWith a market cap of ₹2,96,778 cr, stock is ranked 33
Moderate RiskStock is 2.96x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.0010.180.79%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.987.230.45%

Forecast & Ratings

Detailed Forecast 
85%
Analysts have suggested that investors can buy this stock

from 13 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Hindustan Aeronautics is an Indian state-owned aerospace and defence company

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 9.65%, vs industry avg of 8.49%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 84.91% to 88.67%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 26.76%, vs industry avg of 24.96%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue18,366.6019,008.1219,295.4420,384.4921,867.6723,246.6025,604.9528,600.4532,304.1833,065.11
Raw Materialssubtract9,175.608,425.617,712.807,301.758,483.248,467.869,151.7410,536.9612,718.8920,958.29
Power & Fuel Costsubtract233.80171.87175.78182.21151.37183.39200.47202.55210.48
Employee Costsubtract3,274.303,570.494,310.684,311.034,777.624,305.174,604.424,910.375,290.69
Selling & Administrative Expensessubtract226.78222.30209.90352.05155.55138.35179.90215.60241.69
Operating & Other expensessubtract1,374.122,328.962,661.893,309.932,963.144,443.575,068.124,376.392,167.75
Depreciation/Amortizationsubtract862.80680.68947.091,025.26998.521,157.891,110.531,784.671,407.171,355.02
Interest & Other Itemssubtract5.9016.4534.62177.60359.59266.8965.2464.4142.6332.23
Taxes & Other Itemssubtract1,209.00966.951,252.211,396.031,095.821,037.53144.49681.762,603.832,475.60
EPS11.8818.1518.8234.8243.1148.5475.9687.14113.96123.27
DPS8.7011.0716.099.9016.6315.0020.0027.5035.0029.50
Payout ratio0.730.610.850.280.390.310.260.320.310.24

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2020

Annual report

PDF

Investor Presentation

Jun 25PDF
FY 2021

Annual report

PDF

Investor Presentation

Feb 16PDF
FY 2022

Annual report

PDF

Investor Presentation

Mar 9PDF
FY 2023

Annual report

PDF

Investor Presentation

Nov 15PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsAerospace & Defense Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Hindustan Aeronautics Ltd38.9410.180.79%
Bharat Dynamics Ltd69.7811.760.45%
Data Patterns (India) Ltd81.8111.220.24%
Paras Defence and Space Technologies Ltd134.789.75

Price Comparison

Compare HAL with any stock or ETF
Compare HAL with any stock or ETF
HAL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.31%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding71.64%5.84%2.97%11.68%7.87%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun9.07%11.91%12.63%12.94%12.42%11.68%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Hindustan Aeronautics Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
0.2856%1.38%-0.98%21/55 (-8)
HDFC Defence Fund - Growth - Direct Plan

Growth
0.2291%17.28%-3.93%4/24 (-1)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI ARBITRAGE OPPORTUNITIES FUND DIRECT PL GROWTH

Growth
0.1905%1.75%-0.58%113/223 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.79%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.89 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 21, 2024

Final
Final | Div/Share: ₹13.00

Dividend/Share

13.00

Ex DateEx Date

Aug 21, 2024

Cash Dividend

Ex DateEx DateFeb 20, 2024

Interim 1
Interim 1 | Div/Share: ₹22.00

Dividend/Share

22.00

Ex DateEx Date

Feb 20, 2024

Cash Dividend

Ex DateEx DateAug 24, 2023

Final
Final | Div/Share: ₹15.00

Dividend/Share

15.00

Ex DateEx Date

Aug 24, 2023

Cash Dividend

Ex DateEx DateMar 20, 2023

Interim 2
Interim 2 | Div/Share: ₹20.00

Dividend/Share

20.00

Ex DateEx Date

Mar 20, 2023

Cash Dividend

Ex DateEx DateNov 18, 2022

Interim 1
Interim 1 | Div/Share: ₹20.00

Dividend/Share

20.00

Ex DateEx Date

Nov 18, 2022

News & Opinions
Corporate
Hindustan Aeronautics announces change in directorate

Hindustan Aeronautics announced that Dr. Rajalakshmi Menon, OS & DG (Aero), DRDO, has been appointed as Part-time Official Director (Government Nominee Director) on the Board of Directors of the Company in place of Muzaffaruddin Siddique Zakiruddin Siddique. The change in effect from 13 September 2024. Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
HAL gains after appointing D. K. Sunil as chairman & managing director

Dr. D. K. Sunil did his graduation in Electronics & Communication Engineering from Osmania University, Hyderabad and M. Tech in Aircraft Production Engg from IIT, Madras. He also completed Ph.D in Electronics Science from University of Hyderabad in the year 2019. Sunil joined Hindustan Aeronautics (HAL) in 1987 as a Management Trainee, and has about 37 years of experience in varied roles in the company contributing significantly to design, production, quality enhancement, and customer support issues. Meanwhile, the Ministry of Defence has signed a contract with the company for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF), at a cost of over Rs 26,000 crore. The aeroengines will be manufactured by the Koraput division of the company and are expected to fulfil the need of the Indian air force to sustain the operational capability of the Su-30 fleet for the defence preparedness of the country. The company would supply 30 aero-engines per annum as per the contractual delivery schedule. The supply of all 240 engines would be completed over the period of next eight years. By the end of the delivery programme, the firm would enhance the indigenisation content up to 63% to achieve an average of over 54%. This would also help increase the indigenous content of Repair and Overhaul tasks of the aero-engines. Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. The company's consolidated net profit surged 76.5% to Rs 1,437.16 crore in Q1 FY25 as against Rs 814.24 crore posted in Q1 FY24. Revenue from operations was at Rs 4,347.50 crore in Q1 FY25, up 11.04% as against Rs 3,915.35 crore recorded in Q1 FY24.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Hindustan Aeronautics secures contract of Rs 26,000 cr

Hindustan Aeronautics announced that consequent upon approval of the Cabinet Committee on Security (CCS), the Ministry of Defence has signed a Contract today with the Company for supply of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF), at a cost of over Rs. 26,000 crore.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
DAC approves proposals worth Rs 1.44 cr for enhancing India's defence capabilities

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh on 03 September  2024, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. Of the total cost of AoNs, 99% is from indigenous sources under Buy (Indian) and Buy (Indian-Indigenously Designed Developed and Manufactured) categories. For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all terrain ability, multilayered protections, precision & lethal fires over and real-time situational awareness. The AoN was also accorded for procurement of Air Defence Fire Control Radars, which will detect & track aerial target and provide firing solution. The proposal has also been approved for Forward Repair Team (Tracked) which has suitable cross country mobility for carrying out in-situ repair during mechanised operations. This equipment is designed & developed by Armoured Vehicles Nigam, and is authorised for both mechanised Infantry Battalion and Armoured Regiment. Three AoNs have been accorded to enhance the capabilities of the Indian Coast Guard (ICG). The procurement of Dornier-228 aircraft, Next Generation Fast Patrol Vessels having high operational features in rough weather conditions and Next Generation Offshore Patrol Vessels with advanced technology and enhanced long-range operations, will enhance the capability of ICG to carry out surveillance, patrolling of maritime zone, search & rescue and disaster relief operations.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Live Market Update
Indices trade lower; PSU bank shares witness profit booking

The key equity indices continued to trade with tiny losses in mid-morning trade. The Nifty traded below the 25,300 level. PSU Bank shares fell after advancing for the three consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex fell 77.28 points or 0.09% to 82,481.76. The Nifty 50 index shed 22 points or 0.09% to 25,256.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.24% and the S&P BSE Small-Cap index gained 0.62%. The market breadth was strong. On the BSE, 2,038 shares rose and 1,721 shares fell. A total of 126 shares were unchanged. IPO Update : The initial public offer (IPO) of Baazar Style Retail received 9,96,64,424 bids for shares as against 1,50,30,116 shares on offer, according to stock exchange data at 11:20 IST on Tuesday (2 September 2024). The issue was subscribed 6.63 times. The issue opened for bidding on 30 August 2024 and it will close on 3 September 2024. The price band of the IPO was fixed between Rs 370 to 389 per share. An investor can bid for a minimum of 38 equity shares and in multiples thereof. The initial public offer (IPO) of Gala Precision Engineering received 4,17,71,296 bids for shares as against 22,23,830 shares on offer, according to stock exchange data at 11:20 IST on Tuesday (2 September 2024). The issue was subscribed 18.78 times. The issue opened for bidding on Monday (2 September 2024) and it will close on Wednesday (4 September 2024). The price band of the IPO is fixed between Rs 503 to Rs 529 per share. An investor can bid for a minimum of 28 equity shares and in multiples thereof. Buzzing Index : The Nifty PSU Bank index fell 0.40% to 6,993.15. The index added 0.61% in the past three consecutive trading sessions. Canara Bank (down 0.95%), State Bank of India (down 0.44%), Punjab & Sind Bank (down 0.42%), Punjab National Bank (down 0.39%), Bank of Baroda (down 0.3%), Indian Overseas Bank (down 0.23%), Indian Bank (down 0.19%), UCO Bank (down 0.1%), Bank of Maharashtra (down 0.1%) and Central Bank of India (down 0.05%) declined. Stocks in Spotlight : Hindustan Aeronautics (HAL) gained 3.11% after the Cabinet Committee on Security (CCS) approved the proposal for procurement of 240 aero-engines for Su-30 MKI aircraft of the Indian Air Force (IAF) at a cost of over Rs 26,000 crore. Gensol Engineering fell 0.19%. The company in collaboration with Matrix Gas & Renewables, has emerged as the lowest bidder for EPC for developing India's first Bio-Hydrogen project for India's leading power generation company. Global Markets : Asian stocks traded lower on Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week. South Korea's headline inflation eased to 2% in August from 2.6% in July, its lowest level on a year-on-year basis since March 2021. Traders in Asia will be keeping a close eye on fresh signs of economic troubles in China. Data on Saturday showed Chinese factory activity had contracted for a fourth straight month in August, the latest signal that the world's second-largest economy may struggle to meet this year's growth target. Wall Street will reopen later Tuesday, following the Labor Day public holiday.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
HAL gains on bagging Rs 26,000-cr order for 240 aero-engines

The delivery of these aero-engines would start after one year and complete over the span of eight years. The engines will have indigenous content over 54%, enhanced due to indigenisation of some key components of aero-engines. These would be manufactured at Koraput division of HAL. Su-30 MKI is one of the most powerful and strategically-significant fleet of IAF. The supply of these aero-engines by company would meet the fleet sustenance requirement of IAF to continue their unhindered operations and strengthen the defence preparedness of the country. Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. The company's consolidated net profit surged 76.5% to Rs 1,437.16 crore in Q1 FY25 as against Rs 814.24 crore posted in Q1 FY24. Revenue from operations was at Rs 4,347.50 crore in Q1 FY25, up 11.04% as against Rs 3,915.35 crore recorded in Q1 FY24. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Hindustan Aeronautics set to supply 240 aero-engines for IAF's Su-30 MKI fleet

Cabinet Committee on Security, on 02 September 2024, approved the proposal for procurement of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) under Buy (Indian) category from Hindustan Aeronautics (HAL) at a cost of over Rs 26,000 crore inclusive of all taxes and duties. The delivery of these aero-engines would start after one year and complete over a period of eight years. The engines will have indigenous content over 54%, enhanced due to indigenisation of some key components of aero-engines. These would be manufactured at Koraput division of HAL. Su-30 MKI is one of the most powerful and strategically-significant fleet of IAF. The supply of these aero-engines by HAL would meet the fleet sustenance requirement of IAF to continue their unhindered operations and strengthen the defence preparedness of the country.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
HAL gains on inking pact with SAFHAL to develop next-gen helicopter engines

In an exchange filing, the company said, 'HAL and SAFHAL have signed an airframer contract, to commence joint design, development, manufacture, supply and support of a new generation high power engine named 'Aravalli' for the 13-ton medium lift class, Indian multi-role helicopter (IMRH) and the deck-based multi-role helicopter (DBMRH), being designed and developed by HAL.' SAFHAL, a joint venture between Safran Helicopter Engines SAS and HAL, is dedicated to the design, development, production, sales and support of new generation helicopter engines in India. Under this strategic contract, SAFHAL will work with its parent companies on cutting-edge engine technologies, ensuring superior performance, reliability, and operational efficiency. This collaboration involves state-of-the-art design, advanced manufacturing processes and rigorous testing protocols to meet the highest global standards, the company stated in the press release. C B Ananthakrishnan, chairman and managing director (additional charge) at HAL, said, The collaboration will not only ensure the operational capabilities of the IMRH and DBMRH platforms but also contribute to the broader goal of indigenous development of critical defence technologies. Cedric GOUBET, CEO of Safran Helicopter Engines said, With this project, we are enriching the collaboration with HAL as well as the strategic relationship between India and France. Our combined expertise and resources will ensure the success of the IMRH and DBMRH programs, while contributing to the growth of India's aerospace & defence sector. We look forward to designing, producing and supporting those new efficient helicopter engines.' Hindustan Aeronautics (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets. The company's consolidated net profit surged 76.5% to Rs 1,437.16 crore in Q1 FY25 as against Rs 814.24 crore posted in Q1 FY24. Revenue from operations was at Rs 4,347.50 crore in Q1 FY25, up 11.04% as against Rs 3,915.35 crore recorded in Q1 FY24. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Hindustan Aeronautics collaborates with SAFHAL

Hindustan Aeronautics (HAL) and SAFHAL Helicopter Engines (SAFHAL) have signed an airframer contract, to commence joint design, development, manufacture, supply and support of a new generation high power engine named 'Aravalli' for the 13-ton Medium Lift class, Indian Multi-Role Helicopter (IMRH) and the Deck-Based Multi-Role Helicopter (DBMRH), being designed & developed by HAL. SAFHAL, a joint venture between Safran Helicopter Engines SAS and HAL, is dedicated to the design, development, production, sales and support of new generation helicopter engines in India, marks a significant milestone in India's aerospace and defence sector, aiming to enhance the nation's Aatmanirbharta in helicopter engine technology. Under this strategic contract, SAFHAL will work with its parent companies on cutting-edge engine technologies, ensuring superior performance, reliability, and operational efficiency. This collaboration involves state-of-the-art design, advanced manufacturing processes and rigorous testing protocols to meet the highest global standards. IMRH is a new 13-ton multi-role helicopter designed by HAL to meet the requirements of the Indian Armed Forces. A naval version, the 12.5-ton DBMRH is also being developed for the Indian Navy. The engines will be designed to operate in diverse and challenging environments in which these Helicopters get deployed. Future extension to the civil market for offshore operations, utility, VVIP transport etc., is also planned followed by MRO activities. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Hindustan Aeronautics announces cessation of senior management personnel

Hindustan Aeronautics announced the cessation of the following senior management personnel of the company with effect from 31 August 2024: C B Anantha Krishnan - Director (Finance) with Addl. Charge of CMD E P Jayadeva - Director (Operations) D Deepak - Executive Director (HR) Powered by Capital Market - Live

2 weeks agoCapital Market - Live