Hindustan Aeronautics Ltd
Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.(Source : 202003 Annual Report Page No:46)
- Market Cap ₹ 2,22,267 Cr.
- Current Price ₹ 3,324
- High / Low ₹ 3,429 / 1,335
- Stock P/E 36.1
- Book Value ₹ 376
- Dividend Yield 0.84 %
- ROCE 30.6 %
- ROE 27.2 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 24.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
- Company has been maintaining a healthy dividend payout of 29.6%
- Company's working capital requirements have reduced from 98.2 days to 38.0 days
Cons
- Stock is trading at 8.74 times its book value
- The company has delivered a poor sales growth of 7.77% over past five years.
- Promoter holding has decreased over last 3 years: -3.51%
* 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
Sector: Aerospace & Defence Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
15,939 | 16,758 | 17,950 | 18,520 | 20,008 | 21,445 | 22,882 | 24,620 | 26,927 | 28,107 | |
13,560 | 14,285 | 14,719 | 15,071 | 15,457 | 16,531 | 17,538 | 19,205 | 20,242 | 21,035 | |
Operating Profit | 2,379 | 2,474 | 3,231 | 3,449 | 4,551 | 4,914 | 5,344 | 5,415 | 6,686 | 7,072 |
OPM % | 15% | 15% | 18% | 19% | 23% | 23% | 23% | 22% | 25% | 25% |
1,650 | 1,608 | 1,058 | 776 | 376 | 423 | 364 | 985 | 1,673 | 2,076 | |
Interest | 15 | 6 | 16 | 35 | 178 | 360 | 267 | 65 | 64 | 56 |
Depreciation | 822 | 863 | 681 | 947 | 1,025 | 999 | 1,158 | 1,111 | 1,785 | 1,819 |
Profit before tax | 3,191 | 3,213 | 3,592 | 3,243 | 3,725 | 3,979 | 4,283 | 5,225 | 6,510 | 7,274 |
Tax % | 25% | 38% | 27% | 39% | 37% | 28% | 24% | 3% | 10% | |
2,399 | 2,004 | 2,625 | 1,990 | 2,328 | 2,883 | 3,246 | 5,080 | 5,828 | 6,143 | |
EPS in Rs | 24.89 | 27.72 | 36.30 | 29.76 | 34.82 | 43.10 | 48.53 | 75.96 | 87.14 | 91.85 |
Dividend Payout % | 20% | 31% | 30% | 54% | 28% | 39% | 31% | 26% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 28% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 56% |
3 Years: | 88% |
1 Year: | 142% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 27% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 482 | 362 | 362 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
Reserves | 16,322 | 10,671 | 12,198 | 9,177 | 11,748 | 12,914 | 15,090 | 18,979 | 23,238 | 24,821 |
165 | 80 | 1,022 | 905 | 4,116 | 5,927 | 53 | 49 | 52 | 1 | |
47,370 | 45,420 | 38,163 | 38,047 | 35,298 | 35,027 | 37,619 | 40,892 | 45,652 | 46,699 | |
Total Liabilities | 64,339 | 56,532 | 51,744 | 48,463 | 51,496 | 54,203 | 53,096 | 60,254 | 69,276 | 71,855 |
7,366 | 6,925 | 7,350 | 7,566 | 7,459 | 7,357 | 7,166 | 6,766 | 6,834 | 8,164 | |
CWIP | 235 | 1,025 | 1,389 | 1,462 | 1,502 | 2,043 | 1,950 | 2,473 | 1,885 | 786 |
Investments | 570 | 916 | 994 | 1,010 | 910 | 991 | 1,121 | 1,363 | 1,458 | 1,462 |
56,168 | 47,666 | 42,011 | 38,425 | 41,625 | 43,812 | 42,860 | 49,653 | 59,099 | 61,443 | |
Total Assets | 64,339 | 56,532 | 51,744 | 48,463 | 51,496 | 54,203 | 53,096 | 60,254 | 69,276 | 71,855 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
-404 | -748 | -7,700 | 1,527 | 15,117 | 10,173 | 8,830 | |||
3,012 | 597 | 5,294 | -1,339 | -1,180 | -12,785 | -5,728 | |||
-164 | -2,540 | 2,326 | 64 | -7,070 | -1,464 | -1,731 | |||
Net Cash Flow | 2,443 | -2,691 | -80 | 252 | 6,867 | -4,076 | 1,370 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 144 | 105 | 86 | 133 | 227 | 191 | 90 | 69 | 64 |
Inventory Days | 1,104 | 1,016 | 879 | 870 | 881 | 815 | 602 | 607 | 527 |
Days Payable | 103 | 91 | 64 | 72 | 113 | 163 | 75 | 96 | 116 |
Cash Conversion Cycle | 1,145 | 1,030 | 900 | 931 | 995 | 843 | 617 | 580 | 475 |
Working Capital Days | 39 | -5 | 93 | 116 | 294 | 285 | 146 | 111 | 38 |
ROCE % | 23% | 29% | 27% | 29% | 24% | 26% | 30% | 31% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2023Transcript PPT
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Jun 2020Transcript PPT
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Core Aviation Equipment Supplier
HAL plays a strategic role in India’s defense program being the only Indian company having specialization in aircraft manufacturing and providing its Maintenance and related services. [1]