Hindustan Aeronautics Limited HAL NSEAIDEFENCEINFRAPSU
Company Overview
Hindustan Aeronautics Limited engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally. It serves national and international defense customers, as well as civil customers. Hindustan Aeronautics Limited was incorporated in 1963 and is based in Bengaluru, India.
Why Investors Should Care
Generates a return on equity of 22.2%, reflecting efficient use of shareholder capital.
Net profit has compounded at 16.1% per year over the last five years.
Maintains a net profit margin of 27.6%.
Carries low leverage with a debt-to-equity ratio of 0.03.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹33,088.82 Cr (+6.8% YoY); net profit ₹9,115.60 Cr.
- Trailing 12 Months Year-on-year growth — revenue +6.8%, earnings +9.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 7.9%, profit CAGR 16.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 7.87% |
| 1 Year: | 6.80% |
Compounded Profit Growth
| 5 Years: | 16.08% |
| 1 Year: | 8.98% |
Stock Price Performance
| 1 Year: | +11.42% |
| 6 Months: | +20.93% |
| 3 Months: | +14.12% |
| 1 Month: | -1.10% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Hindustan Aeronautics is leveraging AI for predictive maintenance of fighter fleet, AI-driven design optimisation for LCA Tejas Mk2 and AMCA, and AI for pilot training simulators.
- AI in military aircraft & avionics Hindustan Aeronautics integrates AI-enabled avionics, mission systems and sensor fusion into its fighter, helicopter and UAV platforms.
- Predictive maintenance for fleets AI-driven predictive maintenance and digital MRO improve aircraft availability across its large service business.
- Autonomous & unmanned systems Development of AI-enabled UAVs and autonomous capabilities aligns HAL with next-generation air power.
- India's flagship aerospace PSU with AI woven into platforms and MRO services.
- Excellent returns (ROCE ~32%, ROE ~24%) and strong free cash flow.
- Record order book from indigenisation and fighter/helicopter programmes gives visibility.
- Programme-timing dependence makes quarterly earnings lumpy.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 22.2%.
- Excellent profit margin of 27.6%.
- Profit CAGR of 16.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,856.00 | 35.63 | ₹3.25 L Cr | 0.41% | 13.80% | 22.21% | 7.87% | 16.08% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,964.10 | 33.92 | ₹5.45 L Cr | 0.94% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,707.30 | 29.32 | ₹3.93 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 405.35 | 48.90 | ₹2.96 L Cr | 0.63% | 31.88% | 25.27% | 15.47% | 26.64% |
| 5 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,977.00 | -80.43 | ₹1.92 L Cr | 0.24% | 4.02% | -34.31% | 15.55% | -227.40% |
| 6 | ABB ABB India Limited NSEAIINFRA | 7,410.00 | 94.12 | ₹1.57 L Cr | 0.51% | 28.45% | 21.29% | 15.41% | 17.97% |
| 7 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 431.10 | 93.72 | ₹1.50 L Cr | 0.34% | 6.60% | 6.12% | 13.49% | 35.91% |
| 8 | SIEMENS Siemens Limited NSEAIINFRA | 3,977.00 | 51.47 | ₹1.42 L Cr | 0.46% | 16.46% | 19.90% | 3.04% | 10.90% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 31,650.00 | 142.81 | ₹1.41 L Cr | 0.03% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12,495.00 Cr | 3,915.00 Cr | 5,636.00 Cr | 6,061.00 Cr | 14,769.00 Cr | 4,348.00 Cr | - | 6,957.00 Cr | 13,699.85 Cr | 4,819.01 Cr | 6,628.61 Cr | 7,698.80 Cr | 13,942.40 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 7,137.33 Cr | 2,946.62 Cr | 4,261.66 Cr | 5,328.73 Cr | 8,723.43 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 6,562.52 Cr | 1,872.39 Cr | 2,366.95 Cr | 2,370.07 Cr | 5,218.97 Cr |
| Operating Expenses | 9,262.00 Cr | 3,039.00 Cr | 4,108.00 Cr | 4,626.00 Cr | 8,867.00 Cr | 3,357.00 Cr | - | 5,275.00 Cr | 1,994.24 Cr | 772.90 Cr | 1,032.73 Cr | 805.46 Cr | 789.95 Cr |
| Operating Income | 2,176.00 Cr | 676.00 Cr | 1,178.00 Cr | 1,223.00 Cr | 5,257.00 Cr | 842.00 Cr | - | 1,406.00 Cr | 4,568.28 Cr | 1,099.49 Cr | 1,334.22 Cr | 1,564.61 Cr | 4,429.02 Cr |
| EBITDA | 3,232.00 Cr | 877.00 Cr | 1,528.00 Cr | 1,435.00 Cr | 5,901.00 Cr | 991.00 Cr | - | 1,683.00 Cr | 5,227.10 Cr | 1,854.61 Cr | 2,227.34 Cr | 2,487.79 Cr | 5,587.98 Cr |
| Interest Expense | 55.00 Cr | 0 | 0 | 0 | 31.00 Cr | 0 | - | 0 | 8.44 Cr | 30.00 L | 36.00 L | 98.00 L | 4.15 Cr |
| Pretax Income | 2,844.00 Cr | 1,089.00 Cr | 1,651.00 Cr | 1,689.00 Cr | 5,795.00 Cr | 1,584.00 Cr | - | 2,042.00 Cr | 5,218.66 Cr | 1,854.31 Cr | 2,226.98 Cr | 2,486.81 Cr | 5,583.83 Cr |
| Tax Provision | 0 | 272.25 Cr | 412.75 Cr | 422.25 Cr | 1,506.70 Cr | 142.56 Cr | - | 612.60 Cr | 1,242.03 Cr | 470.54 Cr | 557.93 Cr | 620.15 Cr | 1,387.79 Cr |
| Net Income | 2,831.00 Cr | 814.00 Cr | 1,237.00 Cr | 1,262.00 Cr | 4,309.00 Cr | 1,437.00 Cr | - | 1,440.00 Cr | 3,976.66 Cr | 1,383.77 Cr | 1,669.07 Cr | 1,866.68 Cr | 4,196.08 Cr |
| Diluted EPS | 42.33 | 12.17 | 18.49 | 18.86 | 64.43 | 21.49 | - | 21.53 | 59.46 | 20.69 | 24.96 | 27.91 | 62.74 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15,939.00 Cr | 16,758.00 Cr | 17,950.00 Cr | 18,520.00 Cr | 20,008.00 Cr | 21,445.00 Cr | 22,882.00 Cr | - | 26,360.56 Cr | 28,161.90 Cr | 30,980.95 Cr | 33,088.82 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 15,444.45 Cr | 16,218.47 Cr | 18,376.04 Cr | 21,260.44 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 10,916.11 Cr | 11,943.43 Cr | 12,604.91 Cr | 11,828.38 Cr |
| Operating Expenses | 13,560.00 Cr | 14,285.00 Cr | 14,719.00 Cr | 15,071.00 Cr | 15,457.00 Cr | 16,531.00 Cr | 17,538.00 Cr | - | 5,207.42 Cr | 3,538.80 Cr | 4,312.46 Cr | 3,401.04 Cr |
| Operating Income | 1,557.00 Cr | 1,611.00 Cr | 2,550.00 Cr | 2,502.00 Cr | 3,526.00 Cr | 3,915.00 Cr | 4,186.00 Cr | - | 5,708.69 Cr | 8,404.63 Cr | 8,292.45 Cr | 8,427.34 Cr |
| EBITDA | 2,379.00 Cr | 2,474.00 Cr | 3,231.00 Cr | 3,449.00 Cr | 4,551.00 Cr | 4,914.00 Cr | 5,344.00 Cr | - | 8,949.57 Cr | 11,679.11 Cr | 12,238.61 Cr | 13,524.95 Cr |
| Interest Expense | 15.00 Cr | 6.00 Cr | 16.00 Cr | 35.00 Cr | 178.00 Cr | 360.00 Cr | 267.00 Cr | - | 57.97 Cr | 32.11 Cr | 8.68 Cr | 5.79 Cr |
| Pretax Income | 3,191.00 Cr | 3,213.00 Cr | 3,592.00 Cr | 3,243.00 Cr | 3,725.00 Cr | 3,979.00 Cr | 4,283.00 Cr | - | 6,509.50 Cr | 10,224.88 Cr | 10,867.26 Cr | 12,151.93 Cr |
| Tax Provision | 797.75 Cr | 1,220.94 Cr | 969.84 Cr | 1,264.77 Cr | 1,378.25 Cr | 1,114.12 Cr | 1,027.92 Cr | - | 681.77 Cr | 2,603.93 Cr | 2,503.21 Cr | 3,036.41 Cr |
| Net Income | 2,399.00 Cr | 2,004.00 Cr | 2,625.00 Cr | 1,990.00 Cr | 2,328.00 Cr | 2,883.00 Cr | 3,246.00 Cr | - | 5,827.74 Cr | 7,621.05 Cr | 8,364.13 Cr | 9,115.60 Cr |
| Diluted EPS | 24.89 | 27.72 | 36.30 | 29.76 | 34.82 | 43.10 | 48.53 | - | 87.14 | 113.95 | 125.07 | 136.30 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 64,339.00 Cr | 56,532.00 Cr | 51,744.00 Cr | 48,463.00 Cr | 51,496.00 Cr | 54,203.00 Cr | 53,096.00 Cr | - | 67,203.80 Cr | 78,095.18 Cr | 1.06 L Cr | 1.32 L Cr |
| Current Assets | - | - | - | - | - | - | - | - | 51,885.04 Cr | 63,017.53 Cr | 90,094.64 Cr | 1.16 L Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 4,440.77 Cr | 4,254.69 Cr | 4,548.55 Cr | 3,767.66 Cr |
| Inventory | - | - | - | - | - | - | - | - | 12,148.69 Cr | 13,217.54 Cr | 21,675.70 Cr | 30,850.68 Cr |
| Receivables | - | - | - | - | - | - | - | - | 4,719.18 Cr | 4,616.85 Cr | 4,647.79 Cr | 4,066.31 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 43,627.91 Cr | 48,953.37 Cr | 71,281.68 Cr | 91,369.99 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 30,827.27 Cr | 36,324.33 Cr | 44,095.25 Cr | 44,307.37 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 |
| Total Debt | 165.00 Cr | 80.00 Cr | 1,022.00 Cr | 905.00 Cr | 4,116.00 Cr | 5,927.00 Cr | 53.00 Cr | - | 2.65 Cr | 1.10 Cr | 1.16 Cr | 10.97 Cr |
| Total Equity | 16,804.00 Cr | 11,033.00 Cr | 12,560.00 Cr | 9,511.00 Cr | 12,082.00 Cr | 13,248.00 Cr | 15,424.00 Cr | - | 23,572.15 Cr | 29,138.17 Cr | 34,981.61 Cr | 41,041.12 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 66.88 Cr | 66.88 Cr | 66.88 Cr | 66.88 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | -404.00 Cr | -748.00 Cr | -7,700.00 Cr | 1,527.00 Cr | 15,117.00 Cr | - | 8,829.72 Cr | 8,222.82 Cr | 13,643.46 Cr | 10,906.38 Cr |
| Investing Cash Flow | - | - | 3,012.00 Cr | 597.00 Cr | 5,294.00 Cr | -1,339.00 Cr | -1,180.00 Cr | - | -5,728.02 Cr | -6,410.05 Cr | -10,771.09 Cr | -8,336.88 Cr |
| Financing Cash Flow | - | - | -164.00 Cr | -2,540.00 Cr | 2,326.00 Cr | 64.00 Cr | -7,070.00 Cr | - | -1,731.30 Cr | -1,998.85 Cr | -2,578.51 Cr | -3,350.39 Cr |
| Capital Expenditure | - | - | -1,503.00 Cr | -1,252.00 Cr | -1,394.00 Cr | -1,379.00 Cr | -1,207.00 Cr | - | -1,781.22 Cr | -1,755.17 Cr | -1,756.92 Cr | -2,549.15 Cr |
| Free Cash Flow | - | - | -1,907.00 Cr | -2,000.00 Cr | -9,094.00 Cr | 148.00 Cr | 13,910.00 Cr | - | 7,048.50 Cr | 6,467.65 Cr | 11,886.54 Cr | 8,357.23 Cr |
| Net Change in Cash | - | - | 2,443.00 Cr | -2,691.00 Cr | -80.00 Cr | 252.00 Cr | 6,867.00 Cr | - | 1,370.40 Cr | -186.08 Cr | 293.86 Cr | -780.89 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 41.4% | 42.4% | 40.7% | 35.7% |
| Operating Margin % | 9.8% | 9.6% | 14.2% | 13.5% | 17.6% | 18.3% | 18.3% | - | 21.7% | 29.8% | 26.8% | 25.5% |
| Net Margin % | 15.1% | 12.0% | 14.6% | 10.7% | 11.6% | 13.4% | 14.2% | - | 22.1% | 27.1% | 27.0% | 27.5% |
| ROE % | 14.3% | 18.2% | 20.9% | 20.9% | 19.3% | 21.8% | 21.0% | - | 24.7% | 26.2% | 23.9% | 22.2% |
| ROCE % | - | - | - | - | - | - | - | - | 15.7% | 20.1% | 13.3% | 9.6% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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HAL — Frequently Asked Questions
What is the current share price of Hindustan Aeronautics Limited (HAL)?
As of 2026-09-08 04:53 IST, Hindustan Aeronautics Limited (HAL) trades at ₹4,856.00 on NSE. Its 52-week range is ₹3,480.15 to ₹5,099.00.
What is the market capitalisation of HAL?
Hindustan Aeronautics Limited (HAL) has a market capitalisation of ₹3.25 L Cr on NSE.
What is the P/E ratio of HAL?
HAL trades at a trailing price-to-earnings (P/E) ratio of 35.63. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 8.00.
Does HAL pay a dividend?
Hindustan Aeronautics Limited (HAL) currently offers a dividend yield of 0.41%.
What is the return on equity (ROE) of HAL?
HAL has a return on equity (ROE) of 22.21%. Its return on capital employed (ROCE) is 13.80%.
Is HAL a good stock to buy?
This page provides a data-driven analysis of Hindustan Aeronautics Limited (HAL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.