Hindustan Aeronautics Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 24%)
- Efficient capital deployment (ROCE 32%)
- Attractively valued vs sector (P/E 34.8x vs industry 48.4x)
- Virtually debt-free
Concerns
Today's Price Action
The stock is trading flat at ₹4,856 with zero percent change on the day. The session volume matches the 20‑day average of 13,99,605 shares, indicating typical participation and no abnormal buying or selling pressure.
Valuation Snapshot
HAL’s trailing P/E stands at 34.9, while the Capital Goods sector shows no meaningful median P/E, making a direct peer comparison difficult. A price‑to‑book of 0 and a ROE of 24 % suggest that earnings generate a high return on the modest book capital employed.
Key Levels to Watch
The current price sits near the upper end of the 52‑week range (₹3,479 – ₹5,150), roughly 5 % below the recent high. Open‑interest data for the nearest weekly options indicate resistance around ₹5,050 and support near ₹4,600, which could act as price anchors if market sentiment shifts.
Chart Pattern
In the daily chart, a Dragonfly Doji appeared three sessions ago, followed by a Hammer on the same day and an Inverted Hammer ten sessions ago. All three bullish‑type candles formed on the daily timeframe, signalling indecision with a tilt toward buying‑side pressure during their respective sessions.
Data Summary
Key metrics include a flat price at ₹4,856, a 34.9 P/E, zero P/B, and a robust 24 % ROE. Trading volume aligns with the 20‑day average, and the stock remains within a narrow 52‑week corridor, with recent candlestick formations highlighting short‑term equilibrium.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 20.5 | 26.7 | 0.02 |
| CUMMINSIND Cummins India Limited | ₹5,035 | ₹1.4L Cr | 57.2 | 16.45 | 30.2 | 39.5 | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HAL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% |
| FII | 12.93% | 12.42% | 11.68% | 11.85% | 12.26% | 12.08% |
| DII | 9.13% | 9.58% | 8.81% | 8.37% | 8.13% | 8.26% |
| Public | 6.28% | 6.36% | 7.86% | 8.13% | 7.95% | 7.97% |
| Govt | — | — | — | — | 0.03% | 0.04% |
Corporate Events
Dividend - Rs 10 Per Sh
To consider and approve the financial results for the period ended Jun 30, 2026
To consider dividend
To consider and approve the financial results for the period ended March 31, 2026
Interim Dividend - Rs 35 Per Share
Dividend - Rs 15 Per Share
Interim Dividend - Rs 25 Per Share
Dividend - Rs 13 Per Share
Annual General Meeting
Interim Dividend - Rs 22 Per Share
Latest News
All newsHAL reports Q1FY26 financial results
*HAL reports Q1FY26 financial results* — Hindustan Aeronautics Limited has announced its financial results for the quarter ended June 30, 2026. The outcome of the board meeting includes key financial metrics and operational updates critical for traders. Earnings performance may influence near-term price action. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* Defense | #HIGHIMPACT #Earnings
HAL appoints new Chairman and Managing Director
*HAL appoints new Chairman and Managing Director.* The board has approved the appointment of a new CMD effective immediately. The move follows the retirement of the incumbent chairman. Leadership transition in a key defense PSU may impact execution pace and investor sentiment. 📊 *STOCKS:* HAL | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #ManagementChange
HAL sees block trade and management change
*HAL sees block trade and management change* — A significant block trade in HAL shares has raised investor attention. The company also announced a key management reshuffle, with the outgoing CMD being replaced amid strategic shifts. These developments come at a time when **order book stands at ₹75,000 crore**. 📊 *STOCKS:* HAL | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #blocktrade
HAL signs final contract for Aravalli engine development with SAFHAL
*HAL signs final contract for Aravalli engine development with SAFHAL*. The agreement marks a key milestone in the indigenous development and production of the Aravalli helicopter engine in partnership with Safran Helicopter Engines. The project strengthens India’s defense manufacturing capabilities under the SAFHAL joint venture. **Initial investment pegged at ₹3,200 crore** over the next five years. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Defense
HAL announces revised policy, details awaited
*HAL announces revised policy, details awaited*. Hindustan Aeronautics Limited has filed a 'Revised Policy' update with the NSE. Specifics of the policy changes are not yet disclosed. Further clarity expected in upcoming communications. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #PolicyChange
HAL-Samtel JV opens first defence avionics facility
*HAL-Samtel JV opens first defence avionics facility.* The joint venture has launched India’s first public-private defence avionics manufacturing unit in Gurugram, marking a strategic milestone in indigenous defence production. The facility aims to boost domestic capabilities in radar and display systems. This move strengthens self-reliance in critical defence electronics. 📊 *STOCKS:* $HAL $SAMTEL | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Defence
No specific event reported; general updates from HAL.
*No specific event reported; general updates from HAL.* Hindustan Aeronautics Limited filed a routine corporate update with the NSE. No material developments or financial figures were disclosed. The filing categorizes as a general update with no immediate market-moving information. 📊 *STOCKS:* HAL | 🏢 *SECTOR:* Corporate | #LOWIMPACT #GeneralUpdates
HAL to hold shareholder meeting on August 28, 2026
*HAL to hold shareholder meeting on August 28, 2026.* The event is a routine corporate exercise with no major announcements expected. Details from the meeting may include updates on production, order book, or governance. Investors await further disclosures post-meeting. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholderMeeting
Hindustan Aeronautics shares see general corporate update
*Hindustan Aeronautics shares see general corporate update.* The company filed routine disclosures on the NSE with no major announcements. **No significant financial figures or strategic changes** were reported. Traders may expect minimal movement near-term. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #HAL
Defence capex to surge to ₹2.8L Cr by FY30
*Defence capex to surge to ₹2.8L Cr by FY30* driven by strong 11% CAGR, with domestic sourcing exceeding **70%**. This signals robust order visibility for homegrown defence players. Firms like BEL and HAL are poised to gain from increased indigenous production mandates. 📊 *STOCKS:* BEL, HAL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Defence
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.7K Cr 16.1% | ₹6.6K Cr 37.6% | ₹4.8K Cr 64.8% | ₹13.7K Cr 96.9% | ₹7.0K Cr 16.4% | ₹6.0K Cr 37.4% | ₹4.3K Cr 70.6% | ₹14.8K Cr |
| Op. Profit | ₹1.9K Cr 20.1% | ₹1.6K Cr 21.5% | ₹1.3K Cr 75.8% | ₹5.3K Cr 214.6% | ₹1.7K Cr 2.6% | ₹1.6K Cr 65.5% | ₹991 Cr 83.2% | ₹5.9K Cr |
| OPM | 24.0% 0.0% | 24.0% 11.1% | 27.0% 30.8% | 39.0% 62.5% | 24.0% 11.1% | 27.0% 17.4% | 23.0% 42.5% | 40.0% |
| Net Profit | ₹1.9K Cr 11.9% | ₹1.7K Cr 20.6% | ₹1.4K Cr 65.2% | ₹4.0K Cr 176.2% | ₹1.4K Cr 4.6% | ₹1.5K Cr 5.1% | ₹1.4K Cr 66.7% | ₹4.3K Cr |
| EPS (₹) | 27.91 11.8% | 24.96 20.6% | 20.69 65.2% | 59.46 176.2% | 21.53 4.7% | 22.59 5.1% | 21.49 66.6% | 64.43 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹33.1K Cr 6.8% | ₹31.0K Cr 2.0% | ₹30.4K Cr 12.8% | ₹26.9K Cr 9.4% | ₹24.6K Cr 8.2% | ₹22.8K Cr 6.1% | ₹21.4K Cr 7.2% | ₹20.0K Cr 8.0% | ₹18.5K Cr 3.2% | ₹17.9K Cr |
| Expenses | ₹23.3K Cr 9.1% | ₹21.4K Cr 3.5% | ₹20.6K Cr 1.9% | ₹20.2K Cr 5.4% | ₹19.2K Cr 10.4% | ₹17.4K Cr 5.2% | ₹16.5K Cr 6.9% | ₹15.5K Cr 2.6% | ₹15.1K Cr 2.4% | ₹14.7K Cr |
| Op. Profit | ₹9.8K Cr 1.7% | ₹9.6K Cr 1.3% | ₹9.8K Cr 45.9% | ₹6.7K Cr 23.5% | ₹5.4K Cr 1.1% | ₹5.4K Cr 9.0% | ₹4.9K Cr 8.0% | ₹4.6K Cr 32.0% | ₹3.4K Cr 6.7% | ₹3.2K Cr |
| OPM | 30.0% 3.2% | 31.0% 3.1% | 32.0% 28.0% | 25.0% 13.6% | 22.0% 8.3% | 24.0% 4.3% | 23.0% 0.0% | 23.0% 21.1% | 19.0% 5.6% | 18.0% |
| Other Income | ₹3.7K Cr 43.5% | ₹2.6K Cr 35.6% | ₹1.9K Cr 14.9% | ₹1.7K Cr 69.8% | ₹985 Cr 169.9% | ₹365 Cr 13.7% | ₹423 Cr 12.5% | ₹376 Cr 51.5% | ₹776 Cr 26.7% | ₹1.1K Cr |
| Interest | ₹24 Cr 9.1% | ₹22 Cr 48.8% | ₹43 Cr 32.8% | ₹64 Cr 1.5% | ₹65 Cr 75.7% | ₹267 Cr 25.8% | ₹360 Cr 102.2% | ₹178 Cr 408.6% | ₹35 Cr 118.8% | ₹16 Cr |
| Depreciation | ₹1.4K Cr 1.1% | ₹1.3K Cr 4.8% | ₹1.4K Cr 21.2% | ₹1.8K Cr 60.7% | ₹1.1K Cr 5.7% | ₹1.2K Cr 17.9% | ₹999 Cr 2.5% | ₹1.0K Cr 8.2% | ₹947 Cr 39.1% | ₹681 Cr |
| PBT | ₹12.2K Cr 11.8% | ₹10.9K Cr 6.3% | ₹10.2K Cr 57.1% | ₹6.5K Cr 24.6% | ₹5.2K Cr 22.2% | ₹4.3K Cr 7.5% | ₹4.0K Cr 6.8% | ₹3.7K Cr 14.9% | ₹3.2K Cr 9.7% | ₹3.6K Cr |
| Tax % | 25.0% 8.7% | 23.0% 8.0% | 25.0% 150.0% | 10.0% 233.3% | 3.0% 87.5% | 24.0% 14.3% | 28.0% 24.3% | 37.0% 5.1% | 39.0% 44.4% | 27.0% |
| Net Profit | ₹9.1K Cr 9.0% | ₹8.4K Cr 9.7% | ₹7.6K Cr 30.8% | ₹5.8K Cr 14.7% | ₹5.1K Cr 56.8% | ₹3.2K Cr 12.3% | ₹2.9K Cr 23.8% | ₹2.3K Cr 17.0% | ₹2.0K Cr 24.2% | ₹2.6K Cr |
| EPS (₹) | 136.3 9.0% | 125.07 9.7% | 113.96 30.8% | 87.14 14.7% | 75.96 56.8% | 48.44 12.4% | 43.1 23.8% | 34.82 17.0% | 29.76 18.0% | 36.3 |
| Div Payout | 33.0% 3.1% | 32.0% 3.2% | 31.0% 3.1% | 32.0% 23.1% | 26.0% 16.1% | 31.0% 20.5% | 39.0% 39.3% | 28.0% 48.1% | 54.0% 80.0% | 30.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 0.0% | ₹334 Cr 7.7% | ₹362 Cr |
| Reserves | ₹36.8K Cr 6.2% | ₹34.6K Cr 20.3% | ₹28.8K Cr 24.0% | ₹23.2K Cr 22.4% | ₹19.0K Cr 25.9% | ₹15.1K Cr 16.8% | ₹12.9K Cr 9.9% | ₹11.7K Cr 28.0% | ₹9.2K Cr 24.8% | ₹12.2K Cr |
| Borrowings | ₹11 Cr 78.4% | ₹51 Cr 2.0% | ₹50 Cr 3.8% | ₹52 Cr 6.1% | ₹49 Cr 3.9% | ₹51 Cr 99.1% | ₹5.9K Cr 44.0% | ₹4.1K Cr 354.8% | ₹905 Cr 11.4% | ₹1.0K Cr |
| Other Liabilities | ₹86.0K Cr 16.8% | ₹73.7K Cr 42.4% | ₹51.7K Cr 13.3% | ₹45.7K Cr 11.6% | ₹40.9K Cr 8.1% | ₹37.8K Cr 8.0% | ₹35.0K Cr 0.8% | ₹35.3K Cr 7.2% | ₹38.0K Cr 0.3% | ₹38.2K Cr |
| Total Liabilities | ₹1.2L Cr 13.3% | ₹1.1L Cr 34.3% | ₹80.9K Cr 16.8% | ₹69.3K Cr 15.0% | ₹60.3K Cr 13.1% | ₹53.3K Cr 1.7% | ₹54.2K Cr 5.3% | ₹51.5K Cr 6.3% | ₹48.5K Cr 6.3% | ₹51.7K Cr |
Assets | ||||||||||
| Fixed Assets | ₹9.1K Cr 35.8% | ₹6.7K Cr 1.0% | ₹6.7K Cr 1.4% | ₹6.8K Cr 1.0% | ₹6.8K Cr 9.7% | ₹7.5K Cr 1.8% | ₹7.4K Cr 1.4% | ₹7.5K Cr 1.4% | ₹7.6K Cr 2.9% | ₹7.3K Cr |
| CWIP | ₹1.1K Cr 64.1% | ₹3.1K Cr 24.3% | ₹2.5K Cr 32.3% | ₹1.9K Cr 23.8% | ₹2.5K Cr 19.0% | ₹2.1K Cr 1.7% | ₹2.0K Cr 36.0% | ₹1.5K Cr 2.7% | ₹1.5K Cr 5.3% | ₹1.4K Cr |
| Investments | ₹1.8K Cr 0.7% | ₹1.8K Cr 10.2% | ₹1.6K Cr 9.1% | ₹1.5K Cr 7.0% | ₹1.4K Cr 29.1% | ₹1.1K Cr 6.6% | ₹991 Cr 8.9% | ₹910 Cr 9.9% | ₹1.0K Cr 1.6% | ₹994 Cr |
| Other Assets | ₹1.1L Cr 14.4% | ₹97.2K Cr 38.6% | ₹70.1K Cr 18.6% | ₹59.1K Cr 19.0% | ₹49.7K Cr 16.4% | ₹42.7K Cr 2.6% | ₹43.8K Cr 5.3% | ₹41.6K Cr 8.3% | ₹38.4K Cr 8.5% | ₹42.0K Cr |
| Total Assets | ₹1.2L Cr 13.3% | ₹1.1L Cr 34.3% | ₹80.9K Cr 16.8% | ₹69.3K Cr 15.0% | ₹60.3K Cr 13.1% | ₹53.3K Cr 1.7% | ₹54.2K Cr 5.3% | ₹51.5K Cr 6.3% | ₹48.5K Cr 6.3% | ₹51.7K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹13.6K Cr 65.9% | ₹8.2K Cr 6.9% | ₹8.8K Cr 13.2% | ₹10.2K Cr 33.3% | ₹15.3K Cr 899.5% | ₹1.5K Cr 119.8% | ₹-7.7K Cr 929.4% | ₹-748 Cr 85.1% | ₹-404 Cr | — |
| Investing CF | ₹-10.8K Cr 68.0% | ₹-6.4K Cr 11.9% | ₹-5.7K Cr 55.2% | ₹-12.8K Cr 905.9% | ₹-1.3K Cr 5.1% | ₹-1.3K Cr 125.3% | ₹5.3K Cr 786.8% | ₹597 Cr 80.2% | ₹3.0K Cr | — |
| Financing CF | ₹-2.6K Cr 29.0% | ₹-2.0K Cr 15.5% | ₹-1.7K Cr 18.2% | ₹-1.5K Cr 79.5% | ₹-7.1K Cr 11232.8% | ₹64 Cr 97.2% | ₹2.3K Cr 191.6% | ₹-2.5K Cr 1448.8% | ₹-164 Cr | — |
| Net Cash Flow | ₹294 Cr 258.1% | ₹-186 Cr 113.6% | ₹1.4K Cr 133.6% | ₹-4.1K Cr 159.4% | ₹6.9K Cr 2625.0% | ₹252 Cr 415.0% | ₹-80 Cr 97.0% | ₹-2.7K Cr 210.2% | ₹2.4K Cr | — |
| Free Cash Flow | ₹11.9K Cr 83.6% | ₹6.5K Cr 8.2% | ₹7.1K Cr 18.7% | ₹8.7K Cr 37.8% | ₹13.9K Cr 9323.6% | ₹148 Cr 101.6% | ₹-9.1K Cr 354.7% | ₹-2.0K Cr 4.9% | ₹-1.9K Cr | — |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55d 0.0% | 55d 14.1% | 64d 7.2% | 69d 23.3% | 90d 52.9% | 191d 15.9% | 227d 70.7% | 133d 54.7% | 86d 18.1% | 105d |
| Inventory Days | 736d 35.3% | 544d 3.2% | 527d 13.2% | 607d 0.3% | 605d 25.8% | 815d 7.5% | 881d 1.3% | 870d 1.0% | 879d 13.5% | 1016d |
| Days Payable | 156d 34.5% | 116d 0.0% | 116d 20.8% | 96d 26.3% | 76d 53.4% | 163d 44.2% | 113d 56.9% | 72d 12.5% | 64d 29.7% | 91d |
| Cash Conv. Cycle | 634d 31.0% | 484d 1.9% | 475d 18.1% | 580d 6.5% | 620d 26.5% | 843d 15.3% | 995d 6.9% | 931d 3.4% | 900d 12.6% | 1030d |
| Working Capital Days | 121d 227.0% | 37d 2.6% | 38d 65.8% | 111d 21.3% | 141d 23.8% | 185d 16.3% | 221d 118.8% | 101d 36.5% | 74d 1580.0% | -5d |
| ROCE | 34.0% 12.8% | 39.0% 25.8% | 31.0% 3.3% | 30.0% 15.4% | 26.0% 8.3% | 24.0% 17.2% | 29.0% 7.4% | 27.0% 6.9% | 29.0% 26.1% | 23.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Hindustan Aeronautics Limited
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)
Capital GoodsAerospace & Defense