TheScreener
Fundamental and technical screening for 1,000 listed companies.
Use ⌘K to search stocks, screens, and features instantly.
Hindustan Aeronautics Ltd.
HALLarge CapNSEBSE
Industrials · Capital Goods
₹4,824.10down 74.90down 1.53 percentas of 28 Aug 2026
Book value ₹609.10Div yield 0.93%
Key metrics
- Market Cap
- 3,22,322.80 ₹ cr
- P/E
- 35.66 x
- P/B
- 7.92 x
- ROE
- 17.07%
- ROCE
- 17.52%
- Debt to Equity
- 0.58 x
- Net Margin
- 9.45%
- Dividend Yield
- 0.93%
- Revenue Growth (YoY)
- 14.45%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin grew year-on-year in each of the last 3 years.
- Promoter holding 71.6% (pledge data not available).
- Debt-to-equity 0.58 — above the Capital Goods median of 0.31.
HAL
₹4,824.10down 1.53 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatCapital Intensive
9.73%ROCE
ROE: 22.21%·P/B: 7.92x
2. Forensic Health & SolvencyPiotroski 5/9 · Adequate Health
5/9Piotroski Score
Altman: 5.5 (Safe Zone)
3. Valuation & DCF Spread-59.1% Valuation Premium
₹1,971DCF Fair Value
CMP: ₹4,824.1
4. Ownership & GovernanceClean Promoter Holding
71.64%Promoter Stake
Pledged: 0.0%·Inst: 16.13%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #18 of 86 in IndustrialsQVGM 51/100
Quality (Q)60
ROE, ROCE, Margins & Cash Conversion
Value (V)40
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)42
3Y Sales & EPS Compounded Growth
Momentum (M)61
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #18 of 86 in Industrials
Valuation
Moderate40/100
P/E Ratio:35.66x
P/B Ratio:7.92x
Dividend Yield:0.93%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate42/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Moderate60/100
ROE:22.2%
ROCE:9.7%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate56/100
Piotroski F-Score:5/9
Altman Z-Score:5.45
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate61/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹3,487.20
From 52W High-5.39%
52-Week High₹5,099.00
Valuation MultiplesCash Flow & Yield
PEG Ratio2.81
Earnings Yield4.78%
Price / FCF—
FCF Yield-0.14%
Payout Ratio19.53%
Net-Net Ratio-4.56
Solvency & SafetyPiotroski & Altman
Piotroski F-Score5/9
Altman Z-Score5.45
Graham Number₹1,776.98
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 0.87%
DII Stake:▲ +0.98%
OPM Margin:▼ 0.87%
Net Margin:▲ +0.55%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▼ 60.44% | ▲ +14.45% | 6.80% | 7.11% | 7.78% |
| Net Profit Growth | ▼ 62.12% | ▲ +14.88% | 8.98% | 16.08% | 22.99% |
| EPS Growth | ▼ 62.07% | ▲ +14.96% | 8.75% | 12.67% | 22.50% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — HAL
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹2,017.5
Verdict:Overvalued (-58.2%)
Benjamin Graham Number
₹1,376.2
-71.5% vs CMPPeter Lynch Fair Value
₹685.8
-85.8% vs CMPReverse DCF Implied Growth
31.7% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹4,824.1
₹0 (Distress)CMP: ₹4,824DCF: ₹2,018Graham: ₹1,376
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹8,859 | 0.8969 | ₹7,945 |
| Year 2 | 6% | ₹9,390 | 0.8044 | ₹7,553 |
| Year 3 | 6% | ₹9,954 | 0.7214 | ₹7,180 |
| Year 4 | 6% | ₹10,551 | 0.6470 | ₹6,826 |
| Year 5 | 6% | ₹11,184 | 0.5803 | ₹6,490 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹2118 -56% | ₹2390 -50% | ₹2563 -47% | ₹2771 -43% | ₹3342 -31% |
| 11.0% | ₹1854 -62% | ₹2050 -57% | ₹2171 -55% | ₹2313 -52% | ₹2680 -44% |
| 11.5% | ₹1745 -64% | ₹1914 -60% | ₹2018 -58% | ₹2136 -56% | ₹2439 -49% |
| 12.0% | ₹1648 -66% | ₹1796 -63% | ₹1884 -61% | ₹1985 -59% | ₹2238 -54% |
| 13.0% | ₹1483 -69% | ₹1597 -67% | ₹1664 -65% | ₹1740 -64% | ₹1923 -60% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E35.66current
ReportedComputed, approximate
P/B7.92current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 35.66 | 7.92 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(1.93 / 5)
Strong Buy:11
Buy:11
Hold:1
Sell:4
Strong Sell:0
Coverage: 27 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:27.66%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +13.33%
Mean Target₹5,467.00vs CMP ₹4,824.10
High Target₹6,800.00+41.0% max upside
Low Target₹3,200.00-33.7% downside
Median Target₹5,670.0026 estimates
Low: ₹3,200.00Mean: ₹5,467.00High: ₹6,800.00
Mean Target Current Price (₹4,824.10)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹64.43
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹48.70
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹18.49
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹18.86
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹22.50
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹21.49
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹21.53
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹59.46
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹27.91
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹24.96
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹20.69
Low:—
High:—
FY2026E4 Analysts
Mean Estimate
₹62.74
Low:—
High:—
FY2027E3 Analysts
Mean Estimate
₹66.76
Low:₹60.00
High:₹69.00
FY2027E3 Analysts
Mean Estimate
₹23.77
Low:—
High:—
FY2027E3 Analysts
Mean Estimate
₹26.27
Low:₹22.00
High:₹28.00
FY2027E3 Analysts
Mean Estimate
₹28.52
Low:₹24.00
High:₹30.00
FY2028E1 Analysts
Mean Estimate
₹25.13
Low:₹25.00
High:₹25.00
FY2028E1 Analysts
Mean Estimate
₹30.22
Low:₹30.00
High:₹30.00
FY2028E1 Analysts
Mean Estimate
₹77.45
Low:₹77.00
High:₹77.00
FY2028E1 Analysts
Mean Estimate
₹33.81
Low:₹33.00
High:₹33.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹64.43 | — | — | — |
| FY2024 Forecast | ₹48.70 | — | — | — |
| FY2024 Forecast | ₹18.49 | — | — | — |
| FY2024 Forecast | ₹18.86 | — | — | — |
| FY2025 Forecast | ₹22.50 | — | — | 3 |
| FY2025 Forecast | ₹21.49 | — | — | — |
| FY2025 Forecast | ₹21.53 | — | — | 3 |
| FY2025 Forecast | ₹59.46 | — | — | 3 |
| FY2026 Forecast | ₹27.91 | — | — | 3 |
| FY2026 Forecast | ₹24.96 | — | — | 5 |
| FY2026 Forecast | ₹20.69 | — | — | 3 |
| FY2026 Forecast | ₹62.74 | — | — | 4 |
| FY2027 Forecast | ₹66.76 | ₹69.00 | ₹60.00 | 3 |
| FY2027 Forecast | ₹23.77 | — | — | 3 |
| FY2027 Forecast | ₹26.27 | ₹28.00 | ₹22.00 | 3 |
| FY2027 Forecast | ₹28.52 | ₹30.00 | ₹24.00 | 3 |
| FY2028 Forecast | ₹25.13 | ₹25.00 | ₹25.00 | 1 |
| FY2028 Forecast | ₹30.22 | ₹30.00 | ₹30.00 | 1 |
| FY2028 Forecast | ₹77.45 | ₹77.00 | ₹77.00 | 1 |
| FY2028 Forecast | ₹33.81 | ₹33.00 | ₹33.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
4 Factors- •Company has delivered a high Return on Equity (ROE) of 22.2%.
- •Company is virtually debt-free with a Debt-to-Equity ratio of 0.00x.
- •Strong cash generation: Operating Cash Flow is 119.6% of reported Net Profit.
- •High promoter holding of 71.6% with zero encumbrance / pledge.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score5 / 9
● Moderate (Neutral)
Altman Z-Score5.45
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-1.83
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
91.7%Healthy
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
25.3%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
23.4%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹9,116 CrInflow
9,116
+ D&A Non-Cash Charge₹1,355 CrAdd-back
1,355
Working Capital Adjustment₹436 Cr+ Cash
436
= Operating Cash Flow (CFO)₹10,906 CrOperating Cash
10,906
- Capital Expenditures (CapEx)-₹2,549 CrReinvestment
2,549
= Free Cash Flow (FCF)₹8,357 CrFree Cash Flow
8,357
- Dividends & Debt Repayment-₹2,005 CrCapital Return
2,005
= Net Change in Cash₹6,352 CrNet Balance
6,352
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹20,008.23 | ₹21,445.16 | ₹22,754.54 | ₹24,620.02 | ₹26,927.46 | ₹30,381.08 | ₹30,980.95 | ₹33,088.82 |
| Operating profit | ₹3,526.02 | ₹4,185.67 | ₹4,173.12 | ₹4,298.03 | ₹5,016.84 | ₹8,333.89 | ₹8,298.39 | ₹8,576.29 |
| OPM | 17.62% | 19.52% | 18.34% | 17.46% | 18.63% | 27.43% | 26.79% | 25.92% |
| Net profit | ₹2,328.63 | ₹2,882.82 | ₹3,239.46 | ₹5,080.04 | ₹5,827.74 | ₹7,621.05 | ₹8,364.13 | ₹9,115.60 |
| EPS | 37.29 | 43.46 | 49.72 | 78.88 | 95.89 | 114.20 | 126.12 | 137.16 |
| Net margin | 11.64% | 13.44% | 14.24% | 20.63% | 21.64% | 25.08% | 27.00% | 27.55% |
| ROE | 19.27% | 21.76% | 21.02% | 26.30% | 24.72% | 26.15% | 23.91% | 22.21% |
| ROCE | 15.66% | 18.90% | 15.79% | 12.88% | 13.79% | 19.95% | 13.35% | 9.73% |
| Debt / equity | 0.34 | 0.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y |
|---|---|---|---|
| Revenue | 6.80% | 7.11% | 7.78% |
| Net profit | 8.98% | 16.08% | 22.99% |
| EPS | 8.75% | 12.67% | 22.50% |
Each column only appears when 8 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹50,713.79 | ₹53,277.38 | ₹51,945.90 | ₹58,391.98 | ₹67,203.80 | ₹78,095.18 | ₹1.06 L | ₹1.32 L |
| Total liabilities | ₹38,631.67 | ₹40,028.87 | ₹36,533.63 | ₹39,078.85 | ₹43,631.65 | ₹48,957.01 | ₹71,285.24 | ₹91,373.47 |
| Total equity | ₹12,082.12 | ₹13,248.51 | ₹15,412.27 | ₹19,313.13 | ₹23,572.15 | ₹29,138.17 | ₹34,981.61 | ₹41,041.12 |
| Total debt | ₹4,116.20 | ₹5,888.79 | ₹11.46 | ₹2.49 | ₹2.65 | ₹1.10 | ₹1.16 | ₹10.97 |
| Cash | ₹25.67 | ₹278.26 | ₹642.09 | ₹1,169.33 | ₹1,339.72 | ₹1,244.44 | ₹1,348.52 | ₹2,067.44 |
| Current assets | ₹39,647.92 | ₹41,393.80 | ₹40,171.35 | ₹44,993.02 | ₹51,885.04 | ₹63,017.49 | ₹90,094.60 | ₹1.16 L |
| Current liabilities | ₹28,192.89 | ₹31,127.20 | ₹25,510.71 | ₹25,022.54 | ₹30,827.27 | ₹36,324.33 | ₹44,095.25 | ₹44,307.37 |
| Inventory | ₹20,668.32 | ₹20,531.07 | ₹17,457.62 | ₹16,587.46 | ₹15,831.13 | ₹17,743.25 | ₹28,080.34 | ₹40,641.04 |
| Receivables | ₹17,305.52 | ₹19,138.21 | ₹14,063.32 | ₹12,662.00 | ₹14,498.04 | ₹17,165.78 | ₹21,216.23 | ₹24,144.44 |
| Payables | ₹2,629.24 | ₹4,083.74 | ₹2,241.02 | ₹2,557.61 | ₹3,134.97 | ₹3,412.87 | ₹5,105.67 | ₹4,431.75 |
| Net PP&E | ₹6,990.56 | ₹7,210.59 | ₹7,338.57 | ₹6,876.68 | ₹6,435.52 | ₹6,717.11 | ₹7,061.34 | ₹7,193.39 |
| Retained earnings | ₹12,009.91 | ₹13,552.35 | ₹15,077.49 | ₹18,978.28 | ₹23,237.40 | ₹28,803.71 | ₹34,647.30 | ₹40,706.87 |
Cash flow
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ₹-7,700.28 | ₹1,527.39 | ₹15,117.00 | ₹10,173.13 | ₹8,829.72 | ₹8,222.82 | ₹13,643.46 | ₹10,906.38 |
| Capital expenditure | ₹-1,395.04 | ₹-1,380.72 | ₹-1,208.60 | ₹-1,500.57 | ₹-1,781.22 | ₹-1,755.17 | ₹-1,756.92 | ₹-2,549.15 |
| Free cash flow | ₹-9,095.32 | ₹146.67 | ₹13,908.40 | ₹8,672.56 | ₹7,048.50 | ₹6,467.65 | ₹11,886.54 | ₹8,357.23 |
| OCF / net profit | -3.31 | 0.53 | 4.67 | 2.00 | 1.52 | 1.08 | 1.63 | 1.20 |
| FCF / Capex intensity | 6.97 | 6.44 | 5.31 | 6.09 | 6.61 | 5.78 | 5.67 | 7.70 |
Income statement detail
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹10,990.95 | ₹11,906.43 | ₹11,577.14 | ₹14,477.50 | ₹16,676.73 | ₹19,164.22 | ₹18,535.86 | ₹18,485.89 |
| Cost of revenue | ₹9,017.28 | ₹9,538.73 | ₹11,177.40 | ₹10,142.52 | ₹10,250.73 | ₹11,216.86 | ₹12,445.09 | ₹14,602.93 |
| EBITDA | ₹4,551.28 | ₹5,184.19 | ₹5,351.40 | ₹5,408.56 | ₹6,801.51 | ₹9,741.06 | ₹9,638.76 | ₹9,931.15 |
| Income before tax | ₹3,724.66 | ₹3,978.64 | ₹4,276.99 | ₹5,224.53 | ₹6,509.50 | ₹10,224.88 | ₹10,867.26 | ₹12,151.93 |
| Interest expense | — | ₹332.10 | — | — | — | — | — | — |
| Tax expense | ₹1,396.28 | ₹1,023.45 | ₹1,037.93 | ₹144.65 | ₹681.77 | ₹2,603.93 | ₹2,503.21 | ₹3,036.41 |
| D&A | ₹1,025.26 | ₹998.52 | ₹1,178.28 | ₹1,110.53 | ₹1,784.67 | ₹1,407.17 | ₹1,340.37 | ₹1,354.86 |
| EBITDA margin | 22.75% | 24.17% | 23.52% | 21.97% | 25.26% | 32.06% | 31.11% | 30.01% |
Financial ratios
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.41 | 1.33 | 1.57 | 1.80 | 1.68 | 1.73 | 2.04 | 2.61 |
| Quick ratio | 0.67 | 0.67 | 0.89 | 1.14 | 1.17 | 1.25 | 1.41 | 1.70 |
| Interest coverage | — | 12.60 | — | — | — | — | — | — |
| Inventory days | 836.61 | 785.62 | 570.08 | 596.93 | 563.70 | 577.37 | 823.56 | 1,015.82 |
| Receivable days | 315.70 | 325.74 | 225.59 | 187.72 | 196.52 | 206.23 | 249.96 | 266.34 |
| Payable days | 106.43 | 156.26 | 73.18 | 92.04 | 111.63 | 111.06 | 149.74 | 110.77 |
| Cash conversion cycle | 1,045.88 | 955.09 | 722.49 | 692.61 | 648.60 | 672.55 | 923.78 | 1,171.39 |
| Working capital days | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | 2.86 | 2.97 | 3.10 | 3.58 | 4.18 | 4.52 | 4.39 | 4.60 |
| ROA | 4.59% | 5.41% | 6.24% | 8.70% | 8.67% | 9.76% | 7.87% | 6.88% |
| ROIC | 13.63% | 16.49% | 21.38% | 23.03% | 20.20% | 22.27% | 18.99% | 16.50% |
| Gross margin | 54.93% | 55.52% | 50.88% | 58.80% | 61.93% | 63.08% | 59.83% | 55.87% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Leverage Driven (Elevated Debt Contribution)FY2025-2026
Net marginProfitability
27.55%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.25
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
3.23
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
22.21%
Reported: 22.21%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 14 Aug 2026 | dividend | 200% |
| 18 Feb 2026 | dividend | 700% | |
| 2025 | 21 Aug 2025 | dividend | 300% |
| 18 Feb 2025 | dividend | 500% | |
| 2024 | 21 Aug 2024 | dividend | 260% |
| 20 Feb 2024 | dividend | 440% | |
| 2023 | 29 Sept 2023 | split | 5:10 |
| 24 Aug 2023 | dividend | 150% | |
| 20 Mar 2023 | dividend | 200% | |
| 2022 | 21 Nov 2022 | dividend | 200% |
| 22 Aug 2022 | dividend | 100% | |
| 18 Feb 2022 | dividend | 260% | |
| 2021 | 24 Nov 2021 | dividend | 140% |
| 08 Mar 2021 | dividend | 150% | |
| 2020 | 19 Dec 2020 | dividend | 150% |
| 24 Mar 2020 | dividend | 332% | |
| 2019 | 29 Mar 2019 | dividend | 198% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 12 dividend distributions
Latest Year DPS:₹45.00
Yield on CMP:0.93%
3Y Dividend CAGR:+8.7%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹230.00
₹45.0
2026
₹40.0
2025
₹35.0
2024
₹35.0
2023
₹46.0
2022
₹29.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 14 Aug 2026 | ₹10.00 | Final |
| 18 Feb 2026 | ₹35.00 | Interim |
| 21 Aug 2025 | ₹15.00 | Final |
| 18 Feb 2025 | ₹25.00 | Interim |
| 21 Aug 2024 | ₹13.00 | Final |
| 20 Feb 2024 | ₹22.00 | Interim |
| 24 Aug 2023 | ₹15.00 | Final |
| 20 Mar 2023 | ₹20.00 | Interim |
| 18 Nov 2022 | ₹20.00 | Interim |
| 17 Feb 2022 | ₹26.00 | Interim |
| 23 Nov 2021 | ₹14.00 | Interim |
| 05 Mar 2021 | ₹15.00 | Interim |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Capital GoodsCompare Peers in Studio
Market Cap3,22,322.80 ₹ cr
Beats 100% of 112 industry peers · median 16,628.39 ₹ cr
P/E35.66 x
Beats 35% of 101 industry peers · median 53.63 x
P/B7.92 x
Beats 54% of 103 industry peers · median 7.25 x
ROE17.07%
Beats 72% of 111 industry peers · median 12.37%
ROCE17.52%
Beats 62% of 111 industry peers · median 14.33%
Debt to Equity0.58 x
Beats 86% of 111 industry peers · median 0.31 x
Net Margin9.45%
Beats 59% of 111 industry peers · median 8.72%
Dividend Yield0.93%
Beats 77% of 86 industry peers · median 0.42%
Revenue Growth (YoY)14.45%
Beats 35% of 110 industry peers · median 22.41%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
| ₹3.03 L | 49.69 | 12.55 | |
Tata Motors Ltd.TMCV | ₹1.73 L | 56.69 | 13.48 |
| ₹1.57 L | 95.32 | 20.31 | |
| ₹1.51 L | 93.75 | 5.74 | |
Hitachi Energy India Ltd.POWERINDIA | ₹1.49 L | 152.87 | 29.18 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Hindustan Aeronautics Ltd. (HAL)
Indexed Documents8 Filings
Latest Disclosure09 Aug 2026
Investor Deck09 Aug 2026
Hindustan Aeronautics Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Shareholding19 Jul 2026
Hindustan Aeronautics Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
AGM / EGM06 Jun 2026
Hindustan Aeronautics Ltd: Notice of Annual General Meeting and Record Date for Dividend
Press Release03 Jun 2026
Hindustan Aeronautics Ltd: Press Release: Business Updates and New Strategic Initiatives
Corporate Action13 May 2026
Hindustan Aeronautics Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
Board Outcome07 May 2026
Hindustan Aeronautics Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Concall Transcript04 May 2026
Hindustan Aeronautics Ltd: Transcript of Earnings Conference Call with Institutional Investors
News
- IndianAPIStock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Monday, 17 August
Indian stock indices Sensex and Nifty 50 are set to open lower on August 17 due to weak global signals. The Gift Nifty indicated a subdued start, trading below previous closes. Geopolitical tensions and oil prices remain critical factors affecting market sentiment.
- IndianAPIHAL shares rally 45% since April. Is the stock still attractive after Q1 earnings?
Domestic brokerages maintain a positive outlook on Hindustan Aeronautics after strong June-quarter results. Motilal Oswal and Anand Rathi both retained 'Buy' ratings with a target price of ₹5,800, while JM Financial and InCred have 'Add' and 'Hold' ratings, respectively.
- IndianAPIAfter a Q1 high, Hindustan Aeronautics eyes growth wings from Tejas
To sustain the Q1 revenue growth, the state-owned aerospace and defence company is pinning its hopes on the delivery of its Tejas MK1A and HTT-40, an indigenously developed training aircraft.
- IndianAPIStock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Thursday, 13 August
The Indian stock market is expected to open lower on August 13 due to mixed global cues and concerns over high crude oil prices. The Nifty 50 finished below 24,500, highlighting ongoing investor caution amid geopolitical tensions affecting oil supply and market sentiment.
- IndianAPIQ1 results 2026: HAL to Lenskart among companies to declare Q1 results today; full list here
Q1 results 2026: Hindustan Aeronautics, Grasim Industries, Tata Motors, Lenskart Solutions, GMR Airports, IRCTC, Titagarh Rail Systems are among the companies to report their Q1 results FY27 today.
- IndianAPIQ1 results 2026: Vodafone Idea to RVNL among companies to declare Q1 results next week; check full list here
Vodafone Idea, Bharat Forge, MRF, Rail Vikas Nigam, Hindustan Aeronautics (HAL), Tata Motors are among the companies to report their Q1 results FY27 next week.
- IndianAPIQ1 results 2026: Vodafone Idea to RVNL among companies to declare Q1 results next week; check full list here
Vodafone Idea, Bharat Forge, MRF, Rail Vikas Nigam, Hindustan Aeronautics (HAL), Tata Motors are among the companies to report their Q1 results FY27 next week.
- IndianAPITop Gainers & Losers on 6 August: Navin Fluorine, Tata Tech, HAL, Pine Labs, Kalyan Jewellers among top gainers
Indian stock markets remained largely stable on August 6 as investors awaited clarity on a potential Middle East peace deal. The Nifty 50 edged up 0.05%, while the Sensex gained 0.26%. Mixed performance was seen in broader markets, with sectoral interests varying significantly.
- IndianAPIPassive funds go niche: should you bet on sectoral or thematic funds?
Passive investing has moved beyond broad-market indices. As sectoral and thematic index funds multiply, experts explain the opportunities, risks and who should actually invest.
- IndianAPIStocks to watch: Maruti Suzuki, IOC, Tata Steel among shares in focus today; check list here
Stock market today: On Thursday, Sensex climbed 274 points, or 0.35%, to close at 77,928, while the Nifty 50 gained 67 points, or 0.28%, to settle at 24,317.
- IndianAPIWest Asia conflict fuels defence stocks. Now comes the harder test
Fresh geopolitical tensions have revived optimism around India's defence stocks, but investors are now weighing the promise of new orders against the harder test of execution.
- IndianAPIDefence sector Q1 results preview: Muted earnings likely on execution delays; BEL, Bharat Dynamics, GRSE among top picks
Defence sector Q1 results preview: While reported earnings of defence sector may remain subdued, underlying execution momentum is gradually building, with clearer visibility on recovery expected as conversion accelerates through the year, particularly into H2FY27, analysts said.
- IndianAPIStocks to buy: Sagar Doshi suggests Olectra Greentech, Gail, HAL shares to buy
Indian equity benchmarks opened flat as investors remained cautious after recent rallies while geopolitical tensions eased. The NSE Nifty 50 slipped 0.13%, and the BSE Sensex was down 0.01%, following strong gains over the past week amidst declining oil prices.
- IndianAPIShares to buy or sell: Chandan Taparia of Motilal Oswal recommends three stocks to buy and sell today - March 24
Shares to buy or sell: Chandan Taparia has recommended one stock to buy today – Tech Mahindra – and has recommended selling Info Hindustan Aeronautics and SRF stock futures. Check target prices and stop losses for these stocks to trade today.
- IndianAPIBrahMos missile export: Indonesia agreement may benefit HAL, Data Patterns and 3 other defence stocks
Indian defence stocks such as Hindustan Aeronautics, Data Patterns (India), Paras Defence and Space Technologies, Premier Explosives and PTI Industries are part of the broader BrahMos supply ecosystem and could benefit if the deal moves forward.
- IndianAPIParas Defence, Mazagon Dock to BEL: HDFC Sec begins coverage on 8 defence stocks amid US-Iran war - how many do you own?
HDFC Securities recommends Buy on Data Patterns and Apollo Micro Systems, Add on Astra Microwave and Bharat Electronics, while suggesting Reduce for Paras Defence, Hindustan Aeronautics, and Bharat Dynamics, citing strong defence spending and technological advancements as growth drivers.
- IndianAPIPSU defence stock HAL will be in focus tomorrow after bagging ₹2,900-crore order from Ministry of Defence
Hindustan Aeronautics stock will be in focus tomorrow as it secured a ₹2,901-crore contract to supply six Advanced Light Helicopters for maritime operations to the Ministry of Defence. Check the company's share price trend.
- IndianAPIBharat Forge, BEML to BEL: Defence stocks rally amid PM Narendra Modi’s Israel visit. Time to buy?
Defence companies such as Bharat Electronics (BEL), Bharat Dynamics (BDL), and Hindustan Aeronautics (HAL) stand to benefit from potential joint ventures and technology partnerships between India and Israel, analysts said.
- IndianAPIHAL addresses LCA Tejas ‘accident’, works with Air Force for resolution – Here's what the PSU said
Hindustan Aeronautics Limited clarified that there was no crash of the LCA Tejas, only a minor technical incident. The Indian Air Force grounded the fleet after an accident. But the Maharatna PSU assures that the aircraft maintains a strong safety record.
- IndianAPIHAL Q3 Results: Defence PSU stock posts 30% YoY rise in PAT to ₹1,866 crore, announces ₹35 dividend. Check details
HAL Q3 Results: Hindustan Aeronautics Limited (HAL) reported a 29.6% YoY profit increase for Q3 FY26 and declared a ₹35 interim dividend.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.