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Hindustan Aeronautics Limited (HAL.NS)

INR4,408.10 -3.40 (-0.08%)
IN NSE Industrials Aerospace & Defense
Address 15/1, Cubbon Road 560 001
Bengaluru, IN
CEO D. K. Sunil
IPO 2018-04-02
ISIN INE066F01020

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HAL.BO (INR) National Stock Exchange of India · HAL.NS (INR)
Description

Hindustan Aeronautics Limited (HAL) is a leading aerospace enterprise engaged in the full spectrum of activities, from the conceptualization and production of aviation assets to their comprehensive maintenance, modernization, and support. Operating both domestically and globally, HAL's extensive portfolio encompasses fixed-wing aircraft, rotorcraft, jet engines, advanced electronic systems, crucial components, and structural elements for aerospace applications. The company supplies propulsion systems and a diverse array of specialized materials, including castings, precision forgings, powder metallurgy products, rubber components, rolled rings, and composites. It also provides critical aerospace components like airframe structures, fuel tanks, and cryogenic engines. Furthermore, HAL manufactures a comprehensive suite of sophisticated avionics, such as inertial navigation systems, head-up displays, and various radar and communication equipment, alongside critical aircraft systems and accessories, including hydraulic, braking, flight control, oxygen, and fuel management systems, as well as specialized instruments and ejector release units. Beyond manufacturing, HAL delivers extensive Maintenance, Repair, and Overhaul (MRO) services for aircraft, helicopters, engines, and related systems, accessories, and avionics. Serving the space, defense, and civil aviation sectors, HAL has a notable collaboration with Rolls-Royce Holdings plc to bolster the Indian supply chain for Adour engine parts for military clients. Established in 1963, Hindustan Aeronautics Limited is headquartered in Bengaluru, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR4,408.10 -3.40 (-0.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.49
Float Shares
184.56M
Free Float %
27.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.01% -8.42% -0.25% +3.05% -8.72% -0.27% -12.74% +179.33% +773.77% +672.75% +672.75%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4,408.10
DCF (Unlevered) 3,508.86 -20.4%
DCF (Levered) 6,513.22 +47.8%
Ratings Trend (MoM) 82% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 14 0
Hold 1 0
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
3.06
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth
    +2.0% Q1'26: +1.8% (vs Q1'25)
  • EPS growth
    +9.8% Q1'26: +5.5% (vs Q1'25)
  • FCF margin
    +30.0% Q1'26: +47.7% (vs Q1'25)
  • EBIT margin
    +22.4% Q1'26: +26.9% (vs Q1'25)
  • ROIC
    -167.1% Q1'26: -219.4% (vs Q1'25)
  • Share dilution
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.55) × ERP
WACC = 100% × Ke + 0% × Kd (52.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,508.86 Current price: 4,408.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
13 Rev. Ana.
11 EPS Ana.
Mar 2027
7 Rev. Ana.
8 EPS Ana.
Mar 2028
13 Rev. Ana.
12 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
200.08B
est: 202.11B (-1.0%)
214.45B
est: 206.47B (+3.9%)
228.82B
est: 226.65B (+1.0%)
246.20B
est: 240.21B (+2.5%)
269.27B
est: 263.93B (+2.0%)
303.81B
est: 308.13B (-1.4%)
309.81B
est: 318.67B (-2.8%)
332.81B
320.20B – 378.08B
+4.4% YoY
400.35B
372.22B – 436.95B
+20.3% YoY
470.32B
415.55B – 527.63B
+17.5% YoY
475.00B
429.80B – 526.22B
+1.0% YoY
EBITDA
36.02B
est: 43.99B (-18.1%)
42.97B
est: 44.94B (-4.4%)
41.70B
est: 48.21B (-13.5%)
44.06B
est: 49.36B (-10.7%)
52.87B
est: 57.45B (-8.0%)
82.88B
est: 102.76B (-19.3%)
79.94B
est: 106.81B (-25.2%)
110.99B
106.78B – 126.08B
+3.9% YoY
133.51B
124.13B – 145.72B
+20.3% YoY
156.84B
138.58B – 175.96B
+17.5% YoY
158.41B
143.33B – 175.49B
+1.0% YoY
EBIT
26.28B
est: 37.35B (-29.6%)
33.65B
est: 38.16B (-11.8%)
33.09B
est: 43.93B (-24.7%)
36.41B
est: 44.98B (-19.0%)
44.51B
est: 48.48B (-8.2%)
73.65B
est: 87.40B (-15.7%)
69.36B
est: 90.85B (-23.7%)
94.40B
90.82B – 107.24B
+3.9% YoY
113.56B
105.58B – 123.94B
+20.3% YoY
133.40B
117.87B – 149.66B
+17.5% YoY
134.73B
121.91B – 149.26B
+1.0% YoY
Net Income
22.65B
est: 21.43B (+5.7%)
28.83B
est: 27.98B (+3.0%)
32.46B
est: 30.21B (+7.5%)
50.80B
est: 30.93B (+64.3%)
58.28B
est: 49.71B (+17.2%)
76.21B
est: 82.44B (-7.6%)
83.64B
est: 83.11B (+0.6%)
91.16B
81.96B – 96.58B
+9.7% YoY
98.76B
98.67B – 102.60B
+8.3% YoY
111.33B
104.33B – 135.78B
+12.7% YoY
129.16B
113.37B – 147.51B
+16.0% YoY
SGA
44.93B
est: 37.23B (+20.7%)
47.88B
est: 38.03B (+25.9%)
43.29B
est: 57.81B (-25.1%)
46.14B
est: 59.19B (-22.0%)
49.41B
est: 48.62B (+1.6%)
53.07B
est: 49.00B (+8.3%)
57.69B
est: 50.94B (+13.2%)
52.93B
50.92B – 60.13B
+3.9% YoY
63.67B
59.19B – 69.49B
+20.3% YoY
74.79B
66.09B – 83.91B
+17.5% YoY
75.54B
68.35B – 83.68B
+1.0% YoY
EPS
33.87
est: 32.05 (+5.7%)
43.11
est: 41.84 (+3.0%)
48.54
est: 46.75 (+3.8%)
75.96
est: 57.93 (+31.1%)
87.14
est: 73.20 (+19.0%)
113.96
est: 123.28 (-7.6%)
125.07
est: 109.61 (+14.1%)
131.66
122.55 – 144.42
+20.1% YoY
149.50
147.54 – 153.41
+13.5% YoY
171.18
156.00 – 203.02
+14.5% YoY
193.45
169.52 – 220.57
+13.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 A- 4/5 4/5 5/5 5/5 4/5 2/5 1/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-13 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-10 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
68.90B
OE per share TTM
103.04
Owner's Yield
2.35%
Maintenance CapEx ratio
33.61%
Maint CapEx / Avg PPE
25.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.98M
Shares Outstanding
668.78M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Atasi Baran Pradhan Executive Director 11M male
Ravi Kota Chairman & Managing Director 7M male
D. K. Sunil Chairman & Managing Director 7M
Barenya Senapati Chief Financial Officer, Director of Finance & Director 5M male
Shailesh Bansal Company Secretary & Compliance Officer 5M male
K. Ravi Director of Operations & Director 5M male
N. Nagabushanam Chief of Project CH/CK male
Nirmala Executive Director (Tech) and Chief Designer of RWR&DC female
Praveen Chander Executive Director of Systems - Design male
Puneet Kumar Chief of Project, TAD, Kanpur male
R. V. Huliraj Chief Designer of ARDL male
Saket Chaturvedi Chief Executive Officer of MiG Complex male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits