Hindustan Aeronautics Ltd
HALHindustan Aeronautics Ltd
HALPrice Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
35.70 | 10.10 | 0.80% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.57 | 6.95 | 0.55% |
Forecast & Ratings
Detailed Forecast from 13 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Hindustan Aeronautics is an Indian state-owned aerospace and defence company
Peers
Compare with peersBharat Dynamics Ltd
Data Patterns (India) Ltd
Paras Defence and Space Technologies Ltd
ideaForge Technology Ltd
Sika Interplant Systems Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 18,366.60 | 19,008.12 | 19,295.44 | 20,384.49 | 21,867.67 | 23,246.60 | 25,604.95 | 28,600.45 | 32,304.18 | 33,065.11 | ||||||||||
Raw Materials | 9,175.60 | 8,425.61 | 7,712.80 | 7,301.75 | 8,483.24 | 8,467.86 | 9,151.74 | 10,536.96 | 12,718.89 | 20,958.29 | ||||||||||
Power & Fuel Cost | 233.80 | 171.87 | 175.78 | 182.21 | 151.37 | 183.39 | 200.47 | 202.55 | 210.48 | |||||||||||
Employee Cost | 3,274.30 | 3,570.49 | 4,310.68 | 4,311.03 | 4,777.62 | 4,305.17 | 4,604.42 | 4,910.37 | 5,290.69 | |||||||||||
Selling & Administrative Expenses | 226.78 | 222.30 | 209.90 | 352.05 | 155.55 | 138.35 | 179.90 | 215.60 | 241.69 | |||||||||||
Operating & Other expenses | 1,374.12 | 2,328.96 | 2,661.89 | 3,309.93 | 2,963.14 | 4,443.57 | 5,068.12 | 4,376.39 | 2,167.75 | |||||||||||
EBITDA | 4,082.00 | 4,288.89 | 4,224.39 | 4,927.52 | 5,336.75 | 5,708.26 | 6,400.30 | 8,358.58 | 11,674.68 | 12,106.82 | ||||||||||
Depreciation/Amortization | 862.80 | 680.68 | 947.09 | 1,025.26 | 998.52 | 1,157.89 | 1,110.53 | 1,784.67 | 1,407.17 | 1,355.02 | ||||||||||
PBIT | 3,219.20 | 3,608.21 | 3,277.30 | 3,902.26 | 4,338.23 | 4,550.37 | 5,289.77 | 6,573.91 | 10,267.51 | 10,751.80 | ||||||||||
Interest & Other Items | 5.90 | 16.45 | 34.62 | 177.60 | 359.59 | 266.89 | 65.24 | 64.41 | 42.63 | 32.23 | ||||||||||
PBT | 3,213.30 | 3,591.76 | 3,242.68 | 3,724.66 | 3,978.64 | 4,283.48 | 5,224.53 | 6,509.50 | 10,224.88 | 10,719.57 | ||||||||||
Taxes & Other Items | 1,209.00 | 966.95 | 1,252.21 | 1,396.03 | 1,095.82 | 1,037.53 | 144.49 | 681.76 | 2,603.83 | 2,475.60 | ||||||||||
Net Income | 2,004.30 | 2,624.81 | 1,990.47 | 2,328.63 | 2,882.82 | 3,245.95 | 5,080.04 | 5,827.74 | 7,621.05 | 8,243.97 | ||||||||||
EPS | 11.88 | 18.15 | 18.82 | 34.82 | 43.11 | 48.54 | 75.96 | 87.14 | 113.96 | 123.27 | ||||||||||
DPS | 8.70 | 11.07 | 16.09 | 9.90 | 16.63 | 15.00 | 20.00 | 27.50 | 35.00 | 29.50 | ||||||||||
Payout ratio | 0.73 | 0.61 | 0.85 | 0.28 | 0.39 | 0.31 | 0.26 | 0.32 | 0.31 | 0.24 |
Company Updates
Annual report
PDFPeers & Comparison
IndustrialsAerospace & Defense Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Hindustan Aeronautics Ltd | 38.62 | 10.10 | 0.80% |
Bharat Dynamics Ltd | 62.83 | 10.59 | 0.50% |
Data Patterns (India) Ltd | 71.57 | 9.82 | 0.28% |
Paras Defence and Space Technologies Ltd | 128.84 | 9.32 | — |
Price Comparison
Compare HAL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Defence Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2843% | Percentage of the fund’s portfolio invested in the stock 20.32% | Change in the portfolio weight of the stock over the last 3 months 2.63% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 1/24 (+1) |
HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2706% | Percentage of the fund’s portfolio invested in the stock 1.23% | Change in the portfolio weight of the stock over the last 3 months -0.27% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/60 (-1) |
Kotak Equity Arbitrage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2329% | Percentage of the fund’s portfolio invested in the stock 1.25% | Change in the portfolio weight of the stock over the last 3 months -0.27% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 141/181 (-5) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.80%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.95 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 21, 2024
Dividend/Share
₹13.00
Ex DateEx Date
Aug 21, 2024
Cash Dividend
Ex DateEx DateFeb 20, 2024
Dividend/Share
₹22.00
Ex DateEx Date
Feb 20, 2024
Cash Dividend
Ex DateEx DateAug 24, 2023
Dividend/Share
₹15.00
Ex DateEx Date
Aug 24, 2023
Cash Dividend
Ex DateEx DateMar 20, 2023
Dividend/Share
₹20.00
Ex DateEx Date
Mar 20, 2023
Cash Dividend
Ex DateEx DateNov 18, 2022
Dividend/Share
₹20.00
Ex DateEx Date
Nov 18, 2022
Hindustan Aeronautics will hold a meeting of the Board of Directors of the Company on 14 November 2024.Powered by Capital Market - Live
Hindustan Aeronautics has been granted 'Maharatna' status by Department of Public Enterprises, Ministry of Finance, Government of India.Powered by Capital Market - Live
Mr. Tapas Ghose has ceased to be the General Manager, (Indgn) of Hindustan Aeronautics upon superannuation with effect from 30th September 2024.Powered by Capital Market - Live
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
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
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
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
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
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
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.65%, vs industry avg of 8.49%
Increasing Market Share
Over the last 5 years, market share increased from 84.91% to 88.57%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 26.76%, vs industry avg of 24.96%