HALCapital Goods

Hindustan Aeronautics Limited

Aerospace & Defense · ISIN INE066F01020 · BSE 541154 · NSE EQ · FV ₹5
Last price
₹4,788
+1.97%today
What this company does

Hindustan Aeronautics Limited operates in Aerospace & Defense, part of the Capital Goods sector. It booked ₹5,515 cr of revenue in its latest quarter (Q1 FY27) and kept 28.8% of sales as profit. It is the largest of 9 Aerospace & Defense companies we track, by market value.

In the report:
66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 16–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns53

How much profit it earns on the money it employs

Balance sheet95

How much it owes, and whether earnings cover the interest

Cash quality81

Whether reported profit actually arrives as cash

Growth & consistency47

Whether sales and profit have grown, and how steadily

Valuation27

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 29% net margin
Sales up 14% vs last year
Profit up 15% vs last year
Promoters hold 72%
No promoter shares pledged
Strong 15% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in HAL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹4,788 +1.97%
latest close · 2026-09-17
52-wk low ₹4,46142 sessions so far52-wk high ₹5,150
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio50.4High
LowAverageHigh
P/B ratio7.80High
Below bookModerateHigh
EV / EBITDA32.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.5%Strong
WeakFairStrong ▸15%
Return on capital9.6%Fair
WeakFairStrong
Net margin28.8%Strong
ThinDecentStrong
EBITDA margin44.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover6,065.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.61Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3.20 L cr
Book value
₹614
EPS
₹23.77
latest quarter
Net debt
₹-3,768 cr
more cash than debt
Enterprise value
₹3.16 L cr
EBITDA
₹9,708 cr
annualised
EBIT
₹8,492 cr
annualised
Operating margin
38.5%
Return on assets
4.8%
Earnings yield
1.99%
P/S
14.52
Sales / share
₹329.9
Tax rate
25.7%
Face value
₹5
Shares
66.9 cr
Working capital
₹71,531 cr
Current assets
₹1.16 L cr
Current liabilities
₹44,307 cr
Delivery %
46.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹2,212 vs market price ₹4,788 — price is 116% above it
Safety cushion-116.4%(target ≥ +20%)
Models span ₹1,761₹3,050, midpoint ₹2,212
Model ₹2,212
Price ₹4,788
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,515 cr
Other Income₹900 cr
Total Income₹6,415 cr
Cost of Materials₹2,777 cr
Purchases of Stock-in-Trade₹169 cr
Inventory Change (±)₹-1,030 cr
Employee Benefit Expense₹1,524 cr
Finance Costs₹35 L
Depreciation & Amortisation₹304 cr
Other Expenses₹548 cr
Total Expenses₹4,293 cr
Profit before Tax₹2,123 cr
Tax Expense₹545 cr
Share of JV / Associates₹12 cr
Net Profit₹1,590 cr
Net margin on total income24.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,916 cr29.8%
Employee benefit expense₹1,524 cr23.7%
Finance costs₹35 L0.0%
Depreciation & amortisation₹304 cr4.7%
Other expenses₹548 cr8.5%
Tax expense₹545 cr8.5%
Profit for the period₹1,590 cr24.7%
Total income ₹6,415 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue7,699 cr13,942 cr5,515 cr
Total income8,613 cr15,093 cr6,415 cr
Expenses6,139 cr9,522 cr4,293 cr
Profit before tax2,474 cr5,571 cr2,123 cr
Tax620 cr1,388 cr545 cr
Net profit (owners' share)1,867 cr4,196 cr1,590 cr
Net margin (owners' share, on revenue)24.2%30.1%28.8%
EPS (₹)27.9162.7423.77
YoY (latest quarter): total income +15.3% · net profit +14.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1.32 L cr
Shareholder equity
₹41,041 cr
parent shareholders
Total debt
₹0 cr
Cash
₹3,768 cr
Cash flow · H1 FY26
Operating
₹7,377 cr
Investing
₹-7,784 cr
Financing
₹-1,004 cr
Peer comparison
Aerospace & Defense · by market value
CompanyPriceMarket capP/E
Hindustan Aeronautics Limitedthis company₹4,788₹3.20 L cr50.4
Bharat Electronics Limited₹395₹2.89 L cr68.7
Centum Electronics Limited₹4,343₹60,214 cr142.7
Bharat Dynamics Limited₹1,152₹42,224 cr88.9
Garden Reach Shipbuilders & Engineers Limited₹2,340₹26,803 cr38.8
Data Patterns (India) Limited₹4,411₹24,702 cr279.9
AXISCADES Technologies Limited₹1,852₹16,469 cr
Aequs Limited₹229₹15,380 cr
Astra Microwave Products Limited₹1,608₹15,265 cr309.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.94%
trailing 12 months
Dividend / share (TTM)
₹45
Last dividend
₹10
ex 14 Aug 2026
ActionDetailEx-date
Dividend₹10 / share14 Aug 2026
Dividend₹35 / share18 Feb 2026
Dividend₹15 / share21 Aug 2025
Dividend₹25 / share18 Feb 2025
Dividend₹13 / share21 Aug 2024
Dividend₹22 / share20 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
71.6%
FII / Foreign
9.3%
DII / Domestic
12.0%
Retail / others
7.0%
Smart-money activity
Insider trades
SoldTHE PRESIDENT OF INDIA · Promoters37,632 · ₹9.3 cr7 Apr 23
SoldTHE PRESIDENT OF INDIA · Promoters11.70 L · ₹290.5 cr24 Mar 23
SoldTHE PRESIDENT OF INDIA · Promoters1.05 cr · ₹2614.0 cr23 Mar 23
Bulk / block deals
short · NSE109 Sep 26
short · NSE108 Sep 26
short · NSE54 Sep 26
Stake changes
SoldSBICAP Trustee Company Limited→ 0.00% · 3,00027 Mar 24
SoldSBICAP Trustee Company Limited→ 0.00% · 1,5005 Jul 23
BoughtSBICAP Trustee Company Limited→ 0.00% · 1,5009 Jun 23
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements (including audited consolidated financial statements) for the financial year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon and Comments of Comptroller & Auditor General of India.
Backed by 90% of shareholders other than promotersneeded 50%
11.48 cr votes for, 1.30 cr against · 10% of mutual funds and other big investors said no
2
To confirm payment of interim dividend of Rs.35/- per equity share and to declare a final dividend of Rs.10/- per equity share for the financial year 2025-26
Backed by 98% of shareholders other than promotersneeded 50%
12.55 cr votes for, 25.34 L against · 2% of mutual funds and other big investors said no
3
To appoint a director in place of Dr. Barenya Senapati, (DIN: 08525943) who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 59% of shareholders other than promotersneeded 50%
7.61 cr votes for, 5.20 cr against · 42% of mutual funds and other big investors said no
4
To appoint a director in place of Shri M G Balasubrahmanya, (DIN: 11048733) who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 63% of shareholders other than promotersneeded 50%
8.02 cr votes for, 4.79 cr against · 39% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 71.6% between them · as of 2026-06-30
President of India71.64%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.