Hindustan Aeronautics Limited

Hindustan Aeronautics Limited

HAL.NS
Hindustan Aeronautics LimitedIN flagNational Stock Exchange of India
4,400.30
INR
-40.30
- -
2.94TMarket Cap
Hindustan Aeronautics Limited
HAL.NS
(National Stock Exchange of India)

Recent

price

4,400.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
224.14
228.46
232.35
248.01
263.22
258.31
296.37
317.41
336.45
364.27
394.16
421.1
463.26
494.76
494.75
Revenue per Share
48.11
38
14.86
29.97
39.25
28.12
34.82
43.11
48.54
75.96
87.14
113.96
125.07
136.3
136.3
Basic EPS, GAAP
-262.63
59.71
30.39
25.04
-28.69
-28.28
-136
2.19
207.97
129.68
105.39
96.71
177.74
124.96
- -
Free Cash Flow per Basic Share
15.48
15.6
8.61
9.18
16.51
18.29
11.93
20.04
15
20
25
29.5
38
50
- -
Dividend per Share
1.12
6.28
7.21
5.41
5.41
141.45
169.51
5
5
5
5
5
5
5
5
Book Value per Share
161.69
183.56
190.88
133.1
116.85
119.01
151.26
165.5
197.34
253.52
318.37
398.17
482.66
562.68
562.67
Tangible Book Value per Share
669
669
669
669
669
708
669
669
669
669
669
669
669
669
669
Basic Weighted Avg Shares
149,899
152,788
155,387
165,862
176,035
182,844
198,207
212,273
225,009
243,615
263,606
281,619
309,810
330,888
330,888
Sales/Revenue/Turnover
11.74
11.29
0.3
10.06
14.75
14.24
19.34
19.62
19.3
18.6
21.66
29.84
26.77
25.47
25.47
Operating Margin (%)
6,010
6,198
8,832
8,628
7,128
9,686
12,744
10,303
11,579
12,870
23,821
14,221
13,627
13,672
- -
Depreciation Expense
32,172
25,411
9,941
20,043
26,248
19,905
23,286
28,828
32,460
50,800
58,277
76,210
83,641
91,156
91,156
Net Income, GAAP
14.22
30.41
40.57
37.62
26.92
38.62
37.49
27.55
24.23
2.77
10.47
25.47
23.03
24.99
24.99
Effective Tax Rate (%)
21.46
16.63
6.4
12.08
14.91
10.89
11.75
13.58
14.43
20.85
22.11
27.06
27
27.55
27.55
Profit Margin (%)
67,154
136,330
173,019
130,774
134,105
109,920
114,550
104,291
149,644
199,705
210,578
266,932
459,994
715,306
715,306
Working Capital
1,203
1,305
- -
- -
- -
1,000
1,000
22
23
24
25
11
11
83
83
LT Debt
129,414
144,856
148,439
110,322
100,944
106,107
120,866
132,580
154,278
193,169
235,759
291,418
349,852
410,446
410,446
Total Equity
- -
8.36
0.18
7.69
15.68
13.11
16.07
16.14
18.44
24.48
23.17
23.49
19.8
16.61
16.61
Return on Invested Capital (%)
- -
350.65
115.68
475.23
314.68
33.05
18.52
28.92
104.69
1,488.08
1,725.73
2,248.85
2,468.42
2,651.36
2,651.36
Return on Capital (%)
- -
1,027.33
220.42
475.23
726.09
38.37
21.81
49.4
970.71
1,519.2
1,742.8
2,279.09
2,501.31
2,726.04
2,726.04
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
26
- -
26
LT Borrowings
- -
- -
- -
LT Finance Leases
88
- -
83
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
669
- -
669
Market Capitalization
3,174,385
2,935,166
2,332,250

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,062,742
- -
1,158,380
Cash, Cash Equivalents & STI
461,927
- -
476,986
Accounts Receivable, Net
44,156
- -
40,663
Inventories
284,199
- -
308,507
Total Current Liabilities
484,401
- -
443,074
Payables & Accruals
- -
- -
- -
ST Debt
26
- -
26
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.48%
21.65%
17.32%
Free Cash Flow
941.48%
-2.11%
-29.69%
Net Income, GAAP
18.09%
24.14%
8.98%
Sales/Revenue/Turnover
7.16%
8.02%
6.8%
Total Cash Common Dividend
23.83%
27.34%
31.58%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39,154
56,357
60,613
125,496
281,619
2025
43,475
59,763
69,573
136,998
309,810
2026
48,190
66,286
76,988
139,424
330,888

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12.17
18.49
18.86
- -
113.96
2025
21.49
22.59
21.53
59.46
125.07
2026
20.69
24.96
27.91
62.74
136.3

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
29.5
2025
- -
- -
- -
- -
38
2026
- -
- -
- -
- -
50
Business
Hindustan Aeronautics Limited (HAL) is India's premier aerospace and defence company engaged in the design, development, manufacture, assembly, repair, and overhaul of fixed-wing and rotary-wing aircraft; helicopters; aero-engines; avionics; and accessories. The company offers a diverse portfolio of products and services including military transport aircraft such as the Dornier-228 and Hawker Siddeley HS-748; advanced light combat aircraft like the Tejas; intermediate jet trainers such as the HJT-16 Kiran; light combat helicopters (LCH); attack helicopters including the Rudra and Prachand variants; utility helicopters like the Dhruv and Cheetah/Chetak; aero-engines for various platforms; and comprehensive maintenance, repair, and upgrade (MRO) services for Indian Air Force, Army, Navy, and Coast Guard assets. HAL also provides avionics systems, landing gear, aero structures, and simulation/training equipment, serving primarily the Indian armed forces with exports to select international customers in Asia and Africa. Founded in 1940 and headquartered in Bengaluru, India, HAL operates nine production divisions and ten research and design centres across the country, with a focus on self-reliance in defence manufacturing under the 'Make in India' initiative. The company functions as a public sector undertaking under the Ministry of Defence, with significant subsidiaries including Kanpur, Lucknow, Nashik, and Koraput divisions specializing in aircraft manufacturing and engine production. In recent developments, HAL secured major contracts in 2024-2025 for indigenous production, including a landmark deal for 156 Light Combat Helicopters (Prachand) worth over INR 40,000 crore and 34 Tejas Mk1A fighters as part of larger orders totaling 97 aircraft; it also expanded partnerships with foreign OEMs like Safran for engine co-production and General Electric for F414 engine transfers to support future AMCA programs. The company achieved record order inflows exceeding INR 1 lakh crore in FY2025, driven by government push for local manufacturing, alongside new launches such as the enhanced Dhruv helicopter variants and upgrades to Su-30MKI fighters. Operationally, HAL ramped up production capacity at its Bengaluru and Nashik facilities and entered strategic alliances for UAV development and missile integration, positioning it for defence exports growth amid India's rising geopolitical needs.