HINDUSTAN AERONAUTICS LTD Share Price
HAL
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Company overview
About
Market cap
| Open₹3,660.00 | Close₹3,677.15 |
Circuit range₹4,044.85 - ₹3,309.45 | Day range₹3,621.00 - ₹3,761.15 | Year range₹1,370.25 - ₹3,768.00 |
Volume22,56,325 | Avg. traded₹3,710.27 | Revenue (12m)₹28,107 Cr |
Hindustan Aeronautics Limited (HAL) is a state-owned aerospace and defence company based in Bengaluru. It is a public sector undertaking operating under the Ministry of Defence.
Hindustan Aircraft Limited was founded by Walchand Hirachand in December 1940. The government acquired a one-third stake in HAL in 1941. The HT-2 Trainer aircraft, manufactured by HAL, took its first flight in August 1951. The government established Aeronautics India Limited (AIL) in August 1963 to start the production of MiG-21 aircraft. In October 1964, Hindustan Aircraft Limited merged with Aeronautics India Limited, leading to the formation of HAL as it is known today.
HAL was listed on BSE and National Stock Exchange (NSE) on March 28, 2018. The market capitalisation of Hindustan Aeronautics Limited stood at over ₹1.8 lakh crore as of December 21, 2023. HAL share price has gained 238% in the last three years.
Business operations
The leading defence sector PSU primarily focuses on aerospace services, specialising in the manufacturing and development of aircraft, helicopters, jet engines and components. It operates across multiple locations in India including Bengaluru, Kanpur, Nasik, Koraput, Korwa, Lucknow, Kasaragod and Hyderabad.
HAL's customers include the biggest names in the defence, aerospace and civil aviation sectors. Some of them are the Indian Air Force (IAF), Indian Army, Indian Navy, Indian Coast Guard, Indian Space Research Organisation (ISRO), Defence Research & Development Organisation (DRDO), Border Security Force, Oil & Natural Gas Cooperation (ONGC) and Bharat Heavy Electricals Ltd (BHEL).
HAL has manufactured many products across different categories. Some of the fighter jets built by HAL include the Tejas light combat aircraft, SU-30 MKI, MiG-21 and MiG-27. HAL has also developed Dhruv, Rudra, Cheetah, Chetak, Lancer, Cheetal, LCH and LUH helicopters for IAF and Indian Army.
In FY23, HAL manufactured 22 new aircraft and helicopters which included models such as LCA Tejas, Dornier Do-228, ALH Dhruv, Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH). It also produced 51 new engines and accessories across its different divisions. The company conducted overhauls on 216 aircraft/helicopters and 536 engines within the same period.
The President of India inaugurated HAL's Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru on September 27, 2022. ICMF is a central hub for the complete manufacturing of rocket engines for ISRO under one roof. It also signifies a significant step in the Atmanirbhar Bharat Abhiyan and in the production of high-thrust Rocket engines.
Hindustan Aeronautics Limited also has a learning & development centre called the HAL Management Academy (HMA). Established in 1969, HMA has played a significant role in advancing aerospace technology and management. In 2020, it got approval from the All India Council for Technical Education (AICTE) to conduct full-time 24-month post postgraduate diplomas in Aviation Management and Production Management.
Financial highlights
Revenue from operations for FY23 stood at ₹26,927.85 crore, up 9.3% from ₹24,620.21 crore in FY22. Net profit (after tax) stood at ₹5,811.17 crore in FY23 as against ₹5,086.5 crore in FY22. Net profit margin increased to 22% in FY23 compared to 21% in the previous fiscal. Hindustan Aeronautics Limited made a total capital expenditure of ₹2,07,581 crore in FY23. The earnings per share (EPS) of the company stood at ₹173.79 in FY23 compared to ₹152.11 in FY22.
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HINDUSTAN AERONAUTICS LTD Key indicators
52 week high₹3,768.00 | 52 week low₹1,370.25 | P/E ratio40.84 |
P/B ratio9.5 | ROE27.17% | ROCE30.59% |
Dividend yield0.73% | Debt/Equity ratio | EPS173.78 |
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Analyst ratings:
Analyst ratings:
89%
Hold
0%
Sell
11%
This analysis is based on the reviews of 9 experts in the last 7 days
Fundamentals
Financial ratios
Operating profit margin30.98% | Net profit margin21.58% |
ROE27.17% | ROA9.39% |
ROCE30.59% |
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Revenue statement
All values are in ₹ Crores (Cr)No data available at the moment
Cash flow
All values are in ₹ Crores (Cr)No data available at the moment
Balance sheet
All values are in ₹ Crores (Cr)No data available at the moment
HINDUSTAN AERONAUTICS LTD Share Price history
Day | Open | Close | Day’s change |
---|---|---|---|
Fri, Apr 19 2024 | ₹3,660.00 | ₹3,751.30 | |
Thu, Apr 18 2024 | ₹3,744.00 | ₹3,677.15 | -1.82% |
Tue, Apr 16 2024 | ₹3,626.00 | ₹3,722.15 | |
Mon, Apr 15 2024 | ₹3,640.00 | ₹3,629.25 | -0.30% |
Fri, Apr 12 2024 | ₹3,565.00 | ₹3,638.10 | |
Wed, Apr 10 2024 | ₹3,550.00 | ₹3,565.40 | |
Tue, Apr 9 2024 | ₹3,568.00 | ₹3,546.55 | -0.60% |
Mon, Apr 8 2024 | ₹3,600.00 | ₹3,567.15 | -0.92% |
Events
Corporate actions
Dividend • ₹22/share
Ex date 20 Feb 2024
Split • 5:10
Ex date 27 Sep 2023
Dividend • ₹15/share
Ex date 24 Aug 2023
Dividend • ₹20/share
Ex date 20 Mar 2023
Dividend • ₹20/share
Ex date 18 Nov 2022
Dividend • ₹10/share
Ex date 19 Aug 2022
Dividend • ₹26/share
Ex date 17 Feb 2022
Dividend • ₹14/share
Ex date 23 Nov 2021
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HINDUSTAN AERONAUTICS LTD Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
HAL 3600 CE 25 APR 24 | ₹155.00 | |
HAL 3700 CE 25 APR 24 | ₹78.70 | |
HAL 4000 CE 25 APR 24 | ₹8.00 | -₹2.65 (-24.88%) |
HAL 3800 CE 25 APR 24 | ₹35.35 |
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