Hindustan Aeronautics
Market cap ₹3.16 L Cr
- P/E
- 33.90
- Day range
- ₹4,716.30 – ₹4,894.70
- 52-week range
- ₹3,479.10 – ₹5,149.90
- Volume
- 10.43 L
- Open
- ₹4,874.40
- Prev close
- ₹4,875.00
Latest results · Q1 FY27(consolidated)Revenue ₹5,515 Cr+14.4%Profit ₹1,590 Cr+14.9%Margin 28.8%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
HAL in NSE indices and F&O
F&O margin for one lot of HAL (150 shares)Research profile
Composite 65 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.9%
- Graham no.
- ₹1,365.66
- vs Graham
- -71.1%
- ROE ÷ P/B
- 3.0%
- 12-1 mom.
- +1.1%
- Return / vol
- -0.02
- Magic Formula
- #130
- PEG
- 2.32
Appears in 11 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 12 in Defence| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL | ₹3.16 L Cr | 33.90 | 7.94 | 24.0% | 32.0% | 28.0% | 0.00 | +14.4% |
| Bharat ElectronicsBEL | ₹2.65 L Cr | 43.10 | 11.10 | 27.6% | 36.0% | 25.0% | 0.00 | +24.9% |
| Bharat Heavy ElectricalsBHEL | ₹1.35 L Cr | 55.44 | 5.20 | 6.3% | 9.0% | 11.0% | 0.22 | +23.8% |
| Power Finance CorpPFC | ₹1.04 L Cr | 4.00 | 0.73 | 26.8% | 9.7% | — | 7.62 | -0.0% |
| Indian Railway FinanceIRFC | ₹97,295 Cr | 13.20 | 1.60 | 12.8% | 5.6% | — | 7.12 | +23.4% |
| REC LtdRECLTD | ₹77,404 Cr | 4.84 | 0.92 | 20.1% | 9.7% | — | 6.10 | -2.0% |
| Mazagon Dock ShipbuildersMAZDOCK | ₹75,029 Cr | 26.25 | 7.69 | 29.1% | 36.0% | 15.0% | 0.05 | +12.1% |
| Rail Vikas NigamRVNL | ₹37,804 Cr | 42.36 | 3.84 | 9.0% | 11.0% | 4.3% | 0.49 | +10.5% |
| Sector median | ₹76,217 Cr | 30.08 | 4.52 | 12.7% | 12.0% | 15.0% | 0.25 | +11.3% |
Sector as classified in the tracked universe; medians use every tracked Defence company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 5d agoHeadlines about Hindustan Aeronautics from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 33.9
- EPS (TTM)
- ₹139.38
- Price / Book
- 7.70
- ROE (FY26)
- 24.0%
- ROCE (latest year)
- 32%
- Dividend yield
- 0.95%
Moving averages (NSE)
- 20-day
- ₹4,777.51
- Price below
- 50-day
- ₹4,846.36
- Price below
- 200-day
- ₹4,441.82
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the split of 28 Sept 2023: earlier bars are per pre-split share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,636 | 6,061 | 14,769 | 4,348 | 5,976 | 6,957 | 13,700 | 4,819 | 6,629 | 7,699 | 13,942 | 5,515 |
| Expenses | 4,108 | 4,626 | 8,867 | 3,357 | 4,336 | 5,275 | 8,405 | 3,537 | 5,071 | 5,828 | 8,884 | 3,988 |
| Operating Profit | 1,528 | 1,435 | 5,901 | 991 | 1,640 | 1,683 | 5,295 | 1,282 | 1,558 | 1,871 | 5,059 | 1,527 |
| OPM % | 27% | 24% | 40% | 23% | 27% | 24% | 39% | 27% | 24% | 24% | 36% | 28% |
| Other Income | 474 | 467 | 569 | 742 | 560 | 637 | 669 | 757 | 895 | 927 | 1,164 | 912 |
| Interest | 0 | 0 | 31 | 0 | 0 | 0 | 8 | 0 | 0 | 1 | 4 | 0 |
| Depreciation | 350 | 212 | 644 | 149 | 178 | 277 | 736 | 185 | 226 | 310 | 634 | 304 |
| Profit before tax | 1,651 | 1,689 | 5,795 | 1,584 | 2,023 | 2,042 | 5,219 | 1,854 | 2,227 | 2,487 | 5,584 | 2,134 |
| Tax % | 25% | 25% | 26% | 9% | 25% | 30% | 24% | 25% | 25% | 25% | 25% | 26% |
| Net Profit | 1,237 | 1,262 | 4,309 | 1,437 | 1,510 | 1,440 | 3,977 | 1,384 | 1,669 | 1,867 | 4,196 | 1,590 |
| EPS in Rs | ₹18.49 | ₹18.86 | ₹64.43 | ₹21.49 | ₹22.59 | ₹21.53 | ₹59.46 | ₹20.69 | ₹24.96 | ₹27.91 | ₹62.74 | ₹23.77 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-45 days since Mar 2021
+254 days since Mar 2021
+40 days since Mar 2021
+168 days since Mar 2021
+160 days since Mar 2021
Strengths, risks & growth
Hindustan Aeronautics Ltd (HAL), a 71.64% Government-owned Maha-Ratna CPSE, designs, manufactures, upgrades and provides lifecycle MRO for aircraft, helicopters, aero -engines, avionics /accessories and aerostructures, principally for India’s armed forces. [1]
Strengths
- 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 31.9%
Risks
- Stock is trading at 7.70 times its book value
- The company has delivered a poor sales growth of 7.78% over past five years.
- Earnings include an other income of Rs.3,897 Cr.
- Working capital days have increased from 153 days to 301 days
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
- +12%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- +48%
- 3 Years
- +37%
- 1 Year
- -2%
Return on Equity
- 10 Years
- +25%
- 5 Years
- +27%
- 3 Years
- +26%
- Last Year
- +24%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 71.64% | 71.64% | 71.64% | 71.64% | 0.00 pp |
| FII | 10.86% | 10.21% | 9.34% | 9.42% | +0.08 pp |
| DII | 9.68% | 10.43% | 11.90% | 12.47% | +0.57 pp |
| Government | 0.07% | 0.07% | 0.07% | 0.08% | +0.01 pp |
| Public | 7.77% | 7.66% | 7.03% | 6.38% | -0.65 pp |
Filed with NSE for Sept 2026: promoters 71.64%, public 28.36% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 6.72% (-0.07 pp)- Promoters71.6%
- Foreign institutions9.4%
- Mutual funds6.7%
- Insurance5.0%
- Other domestic institutions0.8%
- Retail5.4%
- Others0.9%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Defence Fund | 0.43% | 12.61% | +1.27 pp |
| Motilal Oswal Nifty India Defence Index Fund | 0.32% | 19.68% | -0.26 pp |
| ICICI Pru Large Cap Fund | 0.23% | 0.99% | -0.09 pp |
| Franklin India Opportunities Fund | 0.19% | 6.74% | +0.59 pp |
| SBI Arbitrage Fund | 0.16% | 1.16% | +0.26 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 27.8%
- Downside volatility
- 28.4%
- Worst 5% of days
- 3.3%
- Average of that tail
- 4.3%
- Max drawdown (1Y)
- 29.1%
- Below its peak
- 7.3%
Against the market
- Beta vs Nifty 50
- 0.97
- Correlation
- 0.46
- Relative strength (3M)
- +8.2%
- ATR (14)
- 2.5%
Return
- Return 1M
- -1.6%
- Return 3M
- +2.9%
- Return 6M
- +7.4%
- Return 1Y
- -0.5%
- vs 200-day average
- +6.4%
Momentum
- RSI (14)
- 45.4
- MACD histogram
- 6.72
- Stochastic %K
- 32.0
- ADX (14)
- 14.0
- +DI / −DI
- 20.8 / 27.3
- Money flow index
- 49.2
Participation
- Delivery (20d avg)
- 52.7%
- vs its 60-day baseline
- +4.3 pts
- Volume vs 20-day
- +1.5σ
- Close vs day's VWAP
- -1.3%
- 52-week position
- 77 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 30 Jun 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- PEG
- 2.32
- Revenue CAGR
- 14.4%
- Profit CAGR
- 14.8%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹4,606.92
-2.5%
Upper edge (90th percentile)
₹4,972.57
+5.2%
The marker is the last close, ₹4,725. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹4,788.07 (+1.3%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Corporate actions
- dividend₹10.00
Dividend - Rs 10 Per Sh
14 Aug 2026ex-date - dividend₹35.00
Interim Dividend - Rs 35 Per Share
18 Feb 2026ex-date - dividend₹15.00
Dividend - Rs 15 Per Share
21 Aug 2025ex-date - dividend₹25.00
Interim Dividend - Rs 25 Per Share
18 Feb 2025ex-date - otherNot available — not reported in this filing
Annual General Meeting
21 Aug 2024ex-date - dividend₹13.00
Dividend - Rs 13 Per Share
21 Aug 2024ex-date - dividend₹22.00
Interim Dividend - Rs 22 Per Share
20 Feb 2024ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share
28 Sept 2023ex-date - dividend₹15.00
Dividend - Rs 15 Per Share
24 Aug 2023ex-date - otherNot available — not reported in this filing
Annual General Meeting
24 Aug 2023ex-date - dividend₹20.00
Interim Dividend - Rs 20 Per Share
20 Mar 2023ex-date - dividend₹20.00
Interim Dividend - Rs 20 Per Share
18 Nov 2022ex-date - dividend₹10.00
Dividend - Rs 10 Per Share
19 Aug 2022ex-date - otherNot available — not reported in this filing
Annual General Meeting
19 Aug 2022ex-date - dividend₹26.00
Interim Dividend - Rs 26 Per Share
17 Feb 2022ex-date - dividend₹14.00
Interim Dividend - Rs 14 Per Share
23 Nov 2021ex-date - otherNot available — not reported in this filing
Annual General Meeting
22 Sept 2021ex-date - dividend₹15.00
Interim Dividend - Rs 15 Per Share
5 Mar 2021ex-date - dividend₹15.00
Interim Dividend - Rs 15 Per Share
17 Dec 2020ex-date - otherNot available — not reported in this filing
Annual General Meeting
22 Sept 2020ex-date - dividend₹33.25
Interim Dividend - Rs 33.25 Per Share
23 Mar 2020ex-date
Company announcements
Outcome of Meeting - Change in Directorate
Announcement as attached
Announcement as attached
Announcement as attached
Announcement as attached
announcement is attached
announcement is attached
announcement is attached
Announcement as attached
Announcement as attached
Announcement is attached
Announcement is attached
Announcement as attached
Announcement as attached
Announcement is attached
Filed with BSE (scrip 541154); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Regulatory orders
- Adjudication order
Adjudication order in the matter of insider trading by certain entities in the scrip of Hindustan Aeronautics Limited
7 Jun 2024Read on SEBI
Documents
Annual reports
Earnings calls
- May 2026Transcript
- May 2025TranscriptRecording
- May 2024TranscriptRecording
- May 2023TranscriptSlides
- Nov 2022TranscriptSlidesRecording
- Sep 2022Transcript
Credit ratings
- Rating update · 9 Mar from care
- Rating update · 30 Sep 2025 from icra
- Rating update · 3 Apr 2025 from care
- Rating update · 5 Mar 2024 from care
- Rating update · 21 Apr 2023 from icra
- Rating update · 25 Jan 2023 from icra
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 12 Aug 2026 (audited). View the source filing. Figures are as filed and are not investment advice.
Hindustan Aeronautics: common questions
Answered from the figures on this page.
