Hindustan Aeronautics Ltd

Hind.Aeronautics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Aeronautics Ltd

₹ 4,426 1.29%
25 May 4:01 p.m.
hal-india.co.in BSE: 541154 NSE: HAL
About

Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.(Source : 2002-2003 Annual Report Page No:46)

Key Points

Business Segments
1) Manufacturing (24% in FY25 vs 19% in FY23):
The Company manufactures Aircraft, Helicopters, and their Engines, and Accessories. [1] [2] The segmental revenue grew by 16% between FY25 and FY23. It has secured manufacturing contracts during the year, including major orders for: 156 LCH for the Indian Army and IAF, 240 AL-31FP engines for the IAF’s Su-30MKI fleet, 12 Su-30MKI aircraft for the IAF, Mid-Life Upgrade of Dornier-228 aircraft for the IAF[3] [4] [5] [6]

Website BSE NSE
  • Market Cap ₹ 2,95,918 Cr.
  • Current Price ₹ 4,426
  • High / Low ₹ 5,150 / 3,479
  • Stock P/E 32.6
  • Book Value ₹ 611
  • Dividend Yield 0.90 %
  • ROCE 32.0 %
  • ROE 24.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
  • Company has been maintaining a healthy dividend payout of 29.6%

Cons

  • Stock is trading at 7.24 times its book value
  • The company has delivered a poor sales growth of 7.66% over past five years.
  • Earnings include an other income of Rs.3,704 Cr.
  • Working capital days have increased from 146 days to 279 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Aerospace & Defense Aerospace & Defense

Part of BSE 500 BSE Capital Goods BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
12,495 3,915 5,636 6,061 14,769 4,348 5,977 6,957 13,700 4,819 6,628 7,699 13,943
9,252 3,036 4,107 4,627 8,872 3,354 4,346 5,276 8,408 3,535 5,071 5,830 8,885
Operating Profit 3,242 880 1,529 1,434 5,896 994 1,630 1,681 5,292 1,284 1,557 1,869 5,058
OPM % 26% 22% 27% 24% 40% 23% 27% 24% 39% 27% 23% 24% 36%
722 411 471 460 557 738 550 631 653 749 889 914 1,152
Interest 55 0 0 0 31 0 0 0 8 0 0 1 4
Depreciation 1,055 201 349 212 644 149 177 277 736 185 225 310 634
Profit before tax 2,854 1,089 1,650 1,681 5,778 1,582 2,003 2,035 5,200 1,848 2,220 2,472 5,572
Tax % 0% 25% 25% 25% 26% 9% 26% 30% 24% 25% 25% 25% 25%
2,841 814 1,235 1,254 4,292 1,436 1,490 1,433 3,958 1,377 1,663 1,852 4,184
EPS in Rs 42.48 12.17 18.47 18.74 64.18 21.47 22.28 21.42 59.19 20.59 24.86 27.69 62.57
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
15,730 16,758 17,950 18,519 20,008 21,438 22,882 24,620 26,928 30,381 30,981 33,090
13,379 14,281 14,714 15,059 15,440 16,565 17,541 19,200 20,258 20,631 21,371 23,322
Operating Profit 2,351 2,478 3,236 3,460 4,569 4,873 5,341 5,420 6,669 9,749 9,610 9,768
OPM % 15% 15% 18% 19% 23% 23% 23% 22% 25% 32% 31% 30%
1,642 1,598 1,044 761 376 412 360 986 1,672 1,899 2,571 3,704
Interest 15 6 16 35 177 359 267 65 64 43 22 6
Depreciation 806 863 681 947 1,024 998 1,157 1,110 1,784 1,406 1,340 1,354
Profit before tax 3,173 3,207 3,583 3,240 3,742 3,928 4,277 5,231 6,493 10,199 10,820 12,112
Tax % 25% 38% 27% 39% 37% 28% 24% 3% 10% 26% 23% 25%
2,388 1,998 2,616 1,987 2,346 2,832 3,239 5,086 5,811 7,595 8,317 9,076
EPS in Rs 24.77 27.63 36.18 29.72 35.08 42.35 48.44 76.05 86.89 113.57 124.36 135.71
Dividend Payout % 20% 31% 31% 54% 28% 39% 31% 26% 32% 31% 32% 26%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 7%
TTM: 7%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 16%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 54%
3 Years: 43%
1 Year: -11%
Return on Equity
10 Years: 25%
5 Years: 27%
3 Years: 26%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 482 362 362 334 334 334 334 334 334 334 334 334
Reserves 16,304 10,658 12,175 9,151 11,741 12,856 15,034 18,930 23,172 28,712 34,508 40,528
5 80 1,022 905 4,157 5,816 53 49 51 49 51 10
47,252 45,420 38,149 38,044 35,238 35,120 37,601 40,871 45,632 51,704 73,651 91,351
Total Liabilities 64,042 56,519 51,708 48,434 51,470 54,125 53,022 60,183 69,190 80,799 108,545 132,224
7,191 6,925 7,350 7,566 7,454 7,351 7,158 6,758 6,827 6,730 6,663 9,574
CWIP 216 1,025 1,389 1,458 1,499 2,040 1,948 2,472 1,884 2,492 3,098 1,026
Investments 745 886 981 989 902 940 1,055 1,294 1,385 1,497 1,627 1,752
55,890 47,682 41,988 38,421 41,615 43,794 42,861 49,659 59,093 70,080 97,156 119,872
Total Assets 64,042 56,519 51,708 48,434 51,470 54,125 53,022 60,183 69,190 80,799 108,545 132,224

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-423 -734 -7,694 1,648 15,124 10,040 8,836 8,226 13,645 10,920
3,021 594 5,292 -1,324 -1,190 -12,763 -5,734 -6,412 -10,774 -8,346
-164 -2,540 2,321 -57 -7,070 -1,349 -1,731 -1,999 -2,579 -3,353
Net Cash Flow 2,433 -2,680 -80 266 6,864 -4,072 1,370 -185 293 -780
Free Cash Flow -1,925 -1,982 -9,082 269 13,918 8,543 7,059 6,479 11,892 8,451
CFO/OP 19% 22% -144% 71% 300% 205% 174% 105% 179% 142%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 145 105 86 133 227 197 90 69 64 55 55 45
Inventory Days 1,118 1,017 854 838 882 815 602 608 527 544 735 779
Days Payable 101 91 62 69 113 164 76 96 116 116 156 112
Cash Conversion Cycle 1,162 1,032 878 902 996 849 617 581 475 484 634 712
Working Capital Days -22 -5 74 102 221 187 146 111 38 37 121 279
ROCE % 20% 23% 29% 27% 29% 24% 26% 30% 31% 39% 34% 32%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Order Book Position
₹ Crore

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R&D Expenditure
₹ Crore
Total Manpower
Numbers
Value of Production
₹ Crore
New Aircraft and Helicopters Produced
Numbers
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.64% 71.64% 71.64% 71.64% 71.64% 71.64% 71.64% 71.64% 71.64% 71.64% 71.64% 71.64%
11.90% 12.63% 12.93% 12.42% 11.68% 11.85% 12.26% 12.08% 11.90% 12.00% 10.86% 10.21%
10.64% 9.72% 9.13% 9.58% 8.81% 8.37% 8.13% 8.26% 8.67% 8.64% 9.68% 10.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.04% 0.05% 0.07% 0.07% 0.07%
5.81% 6.02% 6.28% 6.36% 7.86% 8.13% 7.95% 7.97% 7.72% 7.64% 7.77% 7.66%
No. of Shareholders 4,20,6944,91,9696,19,1517,14,09111,16,20412,72,49512,75,63213,52,37713,02,82012,77,74912,64,05812,91,771

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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