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 31.4x vs industry 53.3x)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹408 | ₹3.0L Cr | 49.2 | 12.44 | 27.6 | 36.5 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,776 | ₹1.6L Cr | 65.3 | 18.88 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,160 | ₹1.5L Cr | 99.4 | 19.35 | 22.4 | 29.9 | 0.01 |
| POLYCAB Polycab India Limited | ₹9,670 | ₹1.4L Cr | 53.7 | 12.12 | 24.5 | 34.3 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹387 | ₹1.4L Cr | 89.4 | 5.15 | 6.29 | 8.51 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹938 | ₹1.4L Cr | 116 | 18.54 | 20.8 | 27 | 0.02 |
| TMCV Tata Motors Limited | ₹369 -1.19% | ₹1.4L Cr | 24.7 | 10.71 | 43.4 | — | 0.44 |
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
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
Annual General Meeting
Dividend - Rs 13 Per Share
Interim Dividend - Rs 22 Per Share
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share
Record: 28 Sept 2023
Annual General Meeting
Dividend - Rs 15 Per Share
Latest News
All news →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
India to finalize deal for 114 Rafale fighter jets
*India to finalize deal for 114 Rafale fighter jets.* The government has finalized the request letter and will soon send it to France, marking a key step toward a major defence procurement. The deal could be worth over **$15 billion**, boosting domestic defence manufacturing. Ancillary players like BEL and HAL may benefit from subcontracting opportunities. 📊 *STOCKS:* BEL, HAL | 🏢 *SECTOR:* Defence | #MEDIUMIMPACT #Defence
Rolls-Royce and HAL JV scales up India manufacturing
*Rolls-Royce and HAL joint venture scales up India manufacturing.* The partnership is expanding local production to meet defense and aerospace demand. This move strengthens India’s ‘Make in India’ initiative in defense manufacturing. The enhanced facility aims to support global supply chains. 📊 *STOCKS:* HAL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #JointVenture
Morgan Stanley forecasts Sensex at 89,000 by 2027
*Morgan Stanley forecasts Sensex to reach 89,000 by June 2027*, driven by India’s next capex cycle. The brokerage identifies 7 key stocks across infrastructure, defense, and capital goods as primary beneficiaries. **₹500,000 crore** in estimated capex over the next few years could fuel earnings growth. Institutional focus on domestic cyclicals may accelerate F&O activity. 📊 *STOCKS:* LT, ULTRACEMCO, HAL, BEL, TATAMOTORS, POWERGRID, IRFC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
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 ▲7.6% | ₹22.9K Cr ▲6.7% | ₹21.4K Cr ▲7.2% | ₹20.0K Cr ▲8.0% | ₹18.5K Cr ▲3.2% | ₹17.9K Cr |
| Expenses | ₹23.3K Cr ▲9.2% | ₹21.4K Cr ▲3.5% | ₹20.6K Cr ▲1.9% | ₹20.2K Cr ▲5.4% | ₹19.2K Cr ▲9.5% | ₹17.5K Cr ▲6.1% | ₹16.5K Cr ▲6.9% | ₹15.5K Cr ▲2.6% | ₹15.1K Cr ▲2.4% | ₹14.7K Cr |
| Op. Profit | ₹9.8K Cr ▲1.5% | ₹9.6K Cr ▼1.3% | ₹9.8K Cr ▲45.9% | ₹6.7K Cr ▲23.5% | ₹5.4K Cr ▲1.3% | ₹5.3K Cr ▲8.8% | ₹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% ▼4.3% | 23.0% ▲0.0% | 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 ▲170.6% | ₹364 Cr ▼13.9% | ₹423 Cr ▲12.5% | ₹376 Cr ▼51.5% | ₹776 Cr ▼26.7% | ₹1.1K Cr |
| Interest | ₹6 Cr ▼72.7% | ₹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 ▼4.1% | ₹1.2K Cr ▲15.9% | ₹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 ▲22.0% | ₹4.3K Cr ▲7.6% | ₹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 ▲56.5% | ₹3.2K Cr ▲12.6% | ₹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 ▲56.5% | 48.53 ▲12.6% | 43.1 ▲23.8% | 34.82 ▲17.0% | 29.76 ▼18.0% | 36.3 |
| Div Payout | 26.0% ▼18.8% | 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 ▲25.8% | ₹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 ▼7.5% | ₹53 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 ▲8.7% | ₹37.6K Cr ▲7.4% | ₹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 ▲13.5% | ₹53.1K Cr ▼2.0% | ₹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 ▼5.6% | ₹7.2K Cr ▼2.6% | ₹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 ▲26.8% | ₹1.9K Cr ▼4.6% | ₹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 ▲21.6% | ₹1.1K Cr ▲13.1% | ₹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 ▲15.8% | ₹42.9K Cr ▼2.2% | ₹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 ▲13.5% | ₹53.1K Cr ▼2.0% | ₹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 ▼32.7% | ₹15.1K Cr ▲890.0% | ₹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 ▼983.5% | ₹-1.2K Cr ▲11.9% | ₹-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 ▲79.3% | ₹-7.1K Cr ▼11146.9% | ₹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 ▼37.6% | ₹13.9K Cr ▲9298.6% | ₹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 ▲0.8% | 602d ▼26.1% | 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 ▲28.0% | 75d ▼54.0% | 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 ▼6.0% | 617d ▼26.8% | 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 ▼23.4% | 145d ▼21.6% | 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 Goods · Aerospace & Defense