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 33.9x vs industry 47.1x)
- Virtually debt-free
Concerns
Today's Price Action
The stock closes at ₹4,850 with zero net change, indicating a flat intraday trajectory after the last price swing. Trading volume on the day matches the 20‑day average at exactly 4,42,994 shares, suggesting that market participation remains steady and there is no unusual buying or selling pressure driving the price.
Valuation Snapshot
HAL trades at a trailing price‑to‑earnings multiple of 33.9, while the broad capital‑goods sector does not publish a comparable P/E figure, making a direct sector‑level multiple comparison unavailable. The company’s return on equity stands at a robust 24 %, which underscores a high level of earnings generation relative to the shareholders’ capital base and signals efficient use of equity.
Key Levels to Watch
The current price of ₹4,850 sits just below the upper bound of the 52‑week range that extends from ₹3,479 to ₹5,150, positioning the stock near a historically strong resistance zone. Open‑interest data on nearby option strikes reveal modest resistance clustered around ₹5,050 and a supportive floor near ₹4,900, which could act as short‑term price cushions if the market tests those levels.
Chart Pattern
On the daily chart, an Evening Star formation appeared eight sessions ago followed by a Bearish Harami ten sessions ago; both patterns emerged on the same daily timeframe. In classical candlestick theory, these configurations are interpreted as bearish continuations, indicating that recent price action may be extending a down‑trend structure.
Data Summary
The share price of ₹4,850 reflects a P/E of 33.9 and a P/B of zero, while the market capitalisation is listed as ₹0 Cr, highlighting the unusual reporting of size metrics. Volume aligns precisely with the 20‑day average, and the stock’s ROE of 24 % highlights strong profitability and efficient capital utilisation, making the profitability metrics stand out among the presented data.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
| CUMMINSIND Cummins India Limited | ₹4,620 | ₹1.2L Cr | 49.4 | 15.1 | 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
To consider and approve the financial results for the period ended September 30, 2026
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
Annual General Meeting
Dividend - Rs 13 Per Share
Latest News
All newsHAL appoints new Chairman and Managing Director
*HAL appoints new Chairman and Managing Director* following a strategic leadership reshuffle. The change in management at the state-owned defense major could influence future order execution and strategic direction. Leadership transitions in PSUs often trigger investor scrutiny, especially in high-value defense contracts. This move may impact near-term stock sentiment. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #ManagementChange
HAL 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
Defence stocks surge on ₹1.1 lakh cr govt nod
*Defence stocks surge on ₹1.1 lakh cr govt nod* following Cabinet Committee on Security's approval for defence capital expenditure. The **₹1.1 lakh crore** allocation boosts indigenous defence manufacturing and triggers sharp buying in defence PSU stocks. BEL, HAL, and BEML surge over **5%** on heavy volumes. This marks one of the largest defence outlays, signaling strong government backing. 📊 *STOCKS:* BEL | HAL | BEML | 🏢 *SECTOR:* Defence | #HIGHIMPACT #Defence
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
Govt approves ₹2.12 lakh cr defence procurement
*Govt approves ₹2.12 lakh cr defence procurement* boosts domestic defence manufacturing. The capital allocation aims to modernize armed forces with indigenous systems. Key players like BEL, HAL, and BDL may see increased order inflows. Projects span missile systems, radar, and aerial defence platforms. 📊 *STOCKS:* BEL, HAL, BDL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Defence
India approves ₹2.12L Cr defence acquisition plan
*India approves ₹2.12L Cr defence acquisition plan*. The government has greenlit a major defence procurement plan worth **₹2.12 lakh crore** to boost indigenous capabilities in areas like kamikaze drones, attack helicopters, and missile defence systems. This is expected to benefit key public-sector defence manufacturers. Orders could be distributed over the next 2–3 years, providing long-term revenue visibility. 📊 *STOCKS:* BEL, HAL, BDL | 🏢 *SECTOR:* Defence | #MEDIUMIMPACT #Defence
Hindustan Aeronautics shares see general corporate updates
*Hindustan Aeronautics shares see general corporate updates.* The company filed routine updates with the NSE, disclosing no major financial or operational changes. Investors await further clarity on order book and production milestones. No immediate trigger for trading action. 📊 *STOCKS:* $HAL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Corporate
Market expert suggests Mphasis, HAL, Indian Hotel for buy
*Market expert suggests Mphasis, HAL, Indian Hotel for buy*. Recommended as top picks for **19 Oct** with defined target prices and stop-loss levels. The call is based on technical setups and near-term momentum. Traders advised to monitor risk parameters closely. 📊 *STOCKS:* $MPHASIS $HAL $INDIACEM | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerCall
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