Hindustan Aeronautics Limited
₹4,836.20-₹29.90 (-0.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,97,825 Cr
- P/E
- 35.3x
- EV / EBITDA
- 24.4x
- Revenue
- ₹30,981 Cr
- Net margin
- 25.0%
- ROCE
- 33.5%
Price chart
Technical chartScreen technicals →+4.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +3.9%
- 3M
- +5.6%
- 6M
- +11.5%
- 1Y
- +4.0%
- 5Y
- +622.3%
52-week range
Day change -₹29.90 (-0.6%) from ₹4,866 to ₹4,836 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in HAL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 21.8%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
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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. The company offers basic trainer and light combat aircraft, light transport aircraft, intermediate jet trainer aircraft, light utility and combat helicopters, maritime utility helicopters, and turbofan and turboshaft engines, as well as aerospace products, which include aluminum alloy riveted structures, propellant tanks, and cryogenic engines. It also provides avionics, accessories, and materials comprising flight data recorders, laser range systems, head up displays, auto stabilizers, inertial navigation systems, hydraulic pumps, fuel management systems, oxygen systems, gyroscopic/barometric instruments, panel instruments, ejector release units, flight control systems, wheels and brake systems, ground radars, radar computers, missile inertial navigation solutions, air borne secondary radars, radio navigation equipment, communication equipment, rolled rings, rubber products, powder metallurgy, forgings, and castings. In addition, the company offers air data computer that measures pressure altitude, calibrated airspeed, true airspeed, Mach number, vertical speed, and temperature in the atmosphere. Further, the company provides various services in the areas of aircraft and helicopters MRO, and power plants, as well as systems, accessories, and avionics. It serves space, defense, and civil industries. Hindustan Aeronautics Limited was incorporated in 1940 and is based in Bengaluru, India.
- Sector
- Aerospace & Defense
- Shares outstanding
- 66.9 Cr shares
- ISIN
- INE066F01020
- BSE code
- 541154
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,97,825 Cr
- P/E
- 35.3x
- P/B
- 8.1x
- EV / EBITDA
- 24.4x
- EV / Sales
- 9.3x
- P/S
- 9.8x
- Earnings yield
- 2.8%
- 52-week high
- ₹5,099.30
- 52-week low
- ₹3,486.45
Profitability
- Operating margin
- 32.1%
- Net margin
- 25.0%
- EBITDA margin
- 38.3%
- ROE
- 26.1%
- ROCE
- 33.5%
- ROA
- 9.4%
- Dividend payout
- 31.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 18.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹30,981 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹11,648 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 39.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,226 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹293 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.8%
Solvency and efficiency
- Current ratio
- 1.38
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Debt / EBITDA
- 0.00
- Interest coverage
- 226.72
- Financial leverage
- 2.78
- CFO / Net profit
- 1.08
- Cash / Market cap
- 23.5%
- Cash per share
- ₹1,047.58
- Asset turnover
- 0.38
- Fixed asset turnover
- 4.51
- Capital intensity
- 0.22
- Debtor days
- 55 days
- Inventory turnover
- 0.67
- Cash conversion cycle
- 484 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹27 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹21,371 Cr |
| Sales | Operating profit | ₹9,610 Cr |
| Operating profit | Interest | ₹22 Cr |
| Operating profit | Depreciation | ₹1,340 Cr |
| Operating profit | Profit before tax | ₹8,248 Cr |
| Other income | Profit before tax | ₹2,571 Cr |
| Profit before tax | Tax and other | ₹2,503 Cr |
| Profit before tax | Net profit | ₹8,317 Cr |
Revenue and net profit
Revenue grew 2.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹22,882 Cr | ₹3,239 Cr |
| FY2022 | ₹24,620 Cr | ₹5,086 Cr |
| FY2023 | ₹26,928 Cr | ₹5,811 Cr |
| FY2024 | ₹30,381 Cr | ₹7,595 Cr |
| FY2025 | ₹30,981 Cr | ₹8,317 Cr |
Cash flows
FY2025: ₹13,645 Cr from operations, ₹2,871 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹15,124 Cr | ₹13,934 Cr |
| FY2022 | ₹10,040 Cr | -₹2,723 Cr |
| FY2023 | ₹8,836 Cr | ₹3,102 Cr |
| FY2024 | ₹8,226 Cr | ₹1,814 Cr |
| FY2025 | ₹13,645 Cr | ₹2,871 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹30,981 Cr+2.0%1Y
- Net profit
- ₹8,317 Cr+9.5%1Y
- Cash from operations
- ₹13,645 Cr
- Free cash flow
- ₹2,871 Cr+58.3%1Y
- Revenue CAGR, 5Y
- 7.2%
- EBITDA CAGR, 5Y
- 17.1%
- Net profit CAGR, 5Y
- 21.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹30,981 Cr | ₹9,610 Cr | — | ₹8,317 Cr | ₹13,645 Cr | ₹2,871 Cr | 23.9% | +2.0% | +9.5% |
Monthly returns
Month-by-month returns of HAL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1.1 L Cr |
| Equity capital | ₹334 Cr |
| Reserves | ₹34,508 Cr |
| Borrowings | ₹51 Cr |
| Other liabilities | ₹73,651 Cr |
| Assets | ₹1.1 L Cr |
| Fixed assets | ₹6,663 Cr |
| Capital work in progress | ₹3,098 Cr |
| Investments | ₹1,627 Cr |
| Other assets | ₹97,156 Cr |
Market cap against peers
1 peers: same sector group, nearest by size.
P/E against peers
HAL trades at 35.3x earnings against a peer median of 105.7x (a 67% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Hindustan Aeronautics LimitedHALthis companyP/E ↓ discount | ₹3.0 L Cr | 35.3x | 8.1x | 26.1% | 24.4x |
| Unimech Aerospace and Manufacturing LimitedUNIMECH | ₹4,544 Cr | 176.0x | 8.4x | 7.7% | 908.1x |
| Peer median | — | 105.7x | 8.2x | 16.9% | 466.2x |
Year-to-date ROI
HAL since 1 January, against earlier years.
Historical volatility
HAL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 23.0% |
| FY2022 | 22.0% |
| FY2023 | 25.0% |
| FY2024 | 32.0% |
| FY2025 | 31.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹30,981 Cr |
| Costs | |
| Interest | ₹22 Cr |
| Expenses | ₹21,371 Cr |
| Operating profitOperating Profit | ₹9,610 Cr |
| Other income and charges | |
| Profit before tax | ₹10,820 Cr |
| Tax | |
| Net profitNet Profit | ₹8,317 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1.1 L Cr |
| Equity capitalEquity Capital | ₹334 Cr |
| Reserves | ₹34,508 Cr |
| Borrowings | ₹51 Cr |
| Other liabilitiesOther Liabilities | ₹73,651 Cr |
| AssetsTotal Assets | ₹1.1 L Cr |
| Fixed assetsFixed Assets | ₹6,663 Cr |
| Capital work in progressCWIP | ₹3,098 Cr |
| Investments | ₹1,627 Cr |
| Other assetsOther Assets | ₹97,156 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹13,645 Cr |
| Investing cash flowCash from Investing Activity | -₹10,774 Cr |
| Financing cash flowCash from Financing Activity | -₹2,579 Cr |
| Change in cashNet Cash Flow | ₹293 Cr |
Learn while you research
Academy chapters picked for Hindustan Aeronautics Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 35.3, learn when high multiples are justified.6 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read