Hindustan Aeronautics Ltd

NSE: HAL · Aerospace & Defense · sector

₹4,775.00NSE close 2026-10-26

Key numbers

Market cap₹3,19,342 cr

Price₹4,775.00

52w high / low₹5,150 / ₹3,479

P/E34.3xSector median 75.3x

P/B7.8xSector median 8.2x

Book value₹613.7

Dividend yield1.05%Sector median 0.15%

ROE24.5%Sector median 12.6%

ROCE30.2%Sector median 13.7%

OPM29.6%Sector median 20.9%

Debt / equity0.00xSector median 0.11x

EV/EBITDA27.3xSector median 59.6x

Interest cover2,122.1x

Current ratio2.61x

Sales growth 3y+7.1%Sector median +15.9%

Profit growth 3y+16.1%Sector median +32.2%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹46,197 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 2,122.1x in the last 12 months.
Operating cash flow was below net profit in 0 of the last 5 years.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 41% of net profit in the last 12 months.
Debtor days went from 55 (FY24) to 45 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹4,775.00 on 2026-10-26: -7.3% from the 52-week high, +37.2% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹5,112.10 · low ₹3,187.05

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	5,976	6,957	13,700	4,819	6,629	7,699	13,942	5,515
EBITDA	1,646	1,683	5,295	1,282	1,558	1,871	5,059	1,527
OPM %	27.5%	24.2%	38.6%	26.6%	23.5%	24.3%	36.3%	27.7%
Other income	542	631	652	747	888	914	1,151	900
Net profit	1,510	1,440	3,977	1,384	1,669	1,867	4,196	1,590
EPS (₹)	22.59	21.53	59.46	20.69	24.96	27.91	62.74	23.77
Revenue YoY					+10.9%	+10.7%	+1.8%	+14.4%
Profit YoY					+10.5%	+29.6%	+5.5%	+14.9%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	24,620	26,927	30,381	30,981	33,089	33,785
EBITDA	5,409	6,679	9,741	9,614	9,770	10,014
Net profit	5,080	5,828	7,621	8,364	9,116	9,321
EPS (₹)	151.92	174.28	113.95	125.07	136.30	139.38
Revenue growth		+9.4%	+12.8%	+2.0%	+6.8%	+7.4%
Profit growth		+14.7%	+30.8%	+9.8%	+9.0%	+12.2%
Dividend / share (₹)	40.00	50.00	37.00	38.00	50.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+7.1%	+7.8%	+7.4%
Net profit	+16.1%	+23.0%	+12.2%
EPS	-7.9%	+7.1%	–
Share price	–	+3.7% (2y)	-0.1%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	23,572	29,138	34,982	41,041
Borrowings	–	0	0	0	0
Cash & equivalents	–	20,317	26,432	38,182	46,197
Total assets	–	67,204	78,095	1,06,267	1,32,415
Fixed assets	–	5,799	5,780	5,970	6,168
Capital work in progress	–	637	937	1,091	1,026
Investments	–	1,290	1,390	1,509	1,626
Receivables	–	4,719	4,617	4,648	4,066
Inventory	–	12,149	13,218	21,676	30,851
Payables	–	3,135	3,413	5,106	4,432

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	10,033	8,830	8,223	13,643	10,906
Cash from investing	-12,760	-5,728	-6,410	-10,771	-8,337
Cash from financing	-1,349	-1,731	-1,999	-2,579	-3,350
Capex	1,501	1,781	1,755	1,757	2,549
Free cash flow	8,532	7,048	6,468	11,887	8,357

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	24.7%	26.2%	23.9%	22.2%
ROCE %	–	27.8%	35.1%	31.0%	29.5%
Debtor days	–	64	55	55	45
Inventory days	–	439	436	644	780
Payable days	–	113	113	152	112
Cash conversion cycle (days)	–	390	378	547	713
Working capital days	–	285	321	542	789

Shareholding

Holder	% (2026-09-30)
Promoters	71.64%
FIIs	9.42%
DIIs	12.56%
of which Mutual funds	6.72%
of which Insurance	5.04%
Government	0.00%
Public (non-institutions)	6.38%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	71.64%	71.64%	71.64%	71.64%	71.64%	71.64%	71.64%	71.64%

Promoter group	%
President of India	71.64%

Public holders above 1%	%
Life Insurance Corporation of India	3.88%
ICICI Prudential PSU Equity Fund	1.04%

11,06,640 shareholders. Pledged: – of promoter shares.

Peers in Aerospace & Defense

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HAL	₹3,19,342 cr	34.3x	7.8x	24.5%	30.2%	29.6%	+7.1%	1.05%
BEL	₹2,65,346 cr	43.2x	11.1x	28.0%	34.1%	28.6%	+15.9%	0.79%
BDL	₹37,719 cr	72.4x	8.9x	12.6%	16.8%	12.7%	-0.6%	0.51%
GRSE	₹21,411 cr	26.7x	8.2x	34.0%	41.2%	11.1%	+39.8%	0.95%
DATAPATTNS	₹21,133 cr	78.8x	12.2x	16.5%	21.4%	39.3%	+26.8%	0.21%
AEQUS	₹16,257 cr	–	10.9x	-7.6%	1.1%	7.6%	–	–
APOLLO	₹15,269 cr	118.8x	11.6x	12.7%	11.6%	22.6%	+44.9%	0.06%
ASTRAMICRO	₹14,226 cr	75.3x	10.8x	15.7%	18.6%	28.6%	+12.6%	0.15%
ZENTEC	₹13,947 cr	77.1x	7.4x	10.3%	14.6%	32.6%	+46.5%	0.13%
PARAS	₹10,105 cr	107.0x	13.9x	13.8%	17.5%	26.1%	+28.9%	0.04%

All 29 companies in Aerospace & Defense →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-14	Dividend	Dividend - Rs 10 Per Sh
2026-02-18	Dividend	Interim Dividend - Rs 35 Per Share
2025-08-21	Dividend	Dividend - Rs 15 Per Share
2025-02-18	Dividend	Interim Dividend - Rs 25 Per Share
2024-08-21	Dividend	Dividend - Rs 13 Per Share
2024-08-21	Other	Annual General Meeting
2024-02-20	Dividend	Interim Dividend - Rs 22 Per Share
2023-09-28	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share
2023-08-24	Other	Annual General Meeting
2023-08-24	Dividend	Dividend - Rs 15 Per Share
2023-03-20	Dividend	Interim Dividend - Rs 20 Per Share
2022-11-18	Dividend	Interim Dividend - Rs 20 Per Share
2022-08-19	Dividend	Dividend - Rs 10 Per Share
2022-08-19	Other	Annual General Meeting
2022-02-17	Dividend	Interim Dividend - Rs 26 Per Share
2021-11-23	Dividend	Interim Dividend - Rs 14 Per Share
2021-09-22	Other	Annual General Meeting
2021-03-05	Dividend	Interim Dividend - Rs 15 Per Share
2020-12-17	Dividend	Interim Dividend - Rs 15 Per Share
2020-09-22	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Manufacturing of Aircraft, Helicopters and its Engines, Accessories
Service: Repair, Overhaul and Maintenance, Upgrade of Aircraft, Helicopters and its Engines, Accessories


Sector	Industrials
Industry	Aerospace & Defense
Sub-industry	Aerospace & Defense
Symbol	HAL
BSE code	541154
ISIN	INE066F01020
Face value	₹5.0
Incorporated	1963-08-16
Website	www.hal-india.co.in
Plants (India / abroad)	30 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.