Hindustan Aeronautics Ltd.

NSE: HAL · Capital Goods

₹4,980.00-1.25%06 Nov 2026

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Instant answers about Hindustan Aeronautics Ltd. — computed from its filings, no language model

Market cap₹3,33,052 cr

Current price₹4,980.00

High / Low₹5,099 / ₹3,487

P/E35.7

P/B8.12

Book value₹613.7

ROE22.7%

ROCE30.2%

Debt / equity0.00

Dividend yield1.00%

EPS (TTM)₹139.38

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	21,438	22,755	24,620	26,927	30,381	30,981	33,089
EBITDA	4,896	5,349	5,409	6,679	9,741	9,608	9,770
Operating margin	22.8%	23.5%	22.0%	24.8%	32.1%	31.0%	29.5%
Interest	348	259	58	58	32	9	6
Depreciation	999	1,178	1,111	1,785	1,407	1,340	1,355
Profit before tax	3,962	4,272	5,225	6,507	10,198	10,827	12,108
Tax	1,096	1,038	145	682	2,604	2,503	3,036
Net profit	2,873	3,239	5,080	5,828	7,621	8,364	9,116
EPS ₹	85.92	96.87	151.92	174.28	113.95	125.07	136.30
Operating cash flow	—	—	10,033	8,830	8,223	13,643	10,906
Capex	—	—	1,501	1,781	1,755	1,295	1,935
Dividend paid	—	—	1,338	1,672	1,973	2,541	3,344
Total assets	53,277	51,946	—	67,204	78,095	1,06,267	1,32,415
Equity	13,249	15,412	—	23,572	29,138	34,982	41,041

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	3,291	3,451	4,456	10,239	1,737	4,854	5,425	10,739	1,616	5,551	11,561	3,622	5,145	5,666	12,495	3,915	5,636	6,061	14,769	4,348	5,976	6,957	13,700	4,819	6,629	7,699	13,942	5,515
Operating profit	850	702	874	2,471	384	1,030	1,209	2,727	242	1,240	2,500	826	1,622	985	3,246	877	1,528	1,435	5,901	991	1,640	1,683	5,295	1,282	1,558	1,871	5,059	1,527
Operating margin	25.8%	20.3%	19.6%	24.1%	22.1%	21.2%	22.3%	25.4%	15.0%	22.3%	21.6%	22.8%	31.5%	17.4%	26.0%	22.4%	27.1%	23.7%	40.0%	22.8%	27.4%	24.2%	38.6%	26.6%	23.5%	24.3%	36.3%	27.7%
Other income	60	41	33	160	47	88	92	132	150	137	501	192	259	497	722	410	469	460	557	736	542	631	652	747	888	914	1,151	900
Interest	77	101	70	101	105	71	53	30	15	1	42	0	0	2	55	0	0	0	31	0	0	0	8	0	0	1	4	0
Depreciation	118	167	203	511	111	220	179	668	111	243	382	208	252	269	1,056	201	350	212	644	149	178	277	736	185	226	310	634	304
Profit before tax	816	481	646	2,019	216	826	1,068	2,162	266	1,133	2,576	809	1,628	1,212	2,857	1,085	1,647	1,683	5,783	1,578	2,011	2,037	5,202	1,844	2,220	2,474	5,571	2,123
Tax	254	-140	189	794	66	211	215	545	69	290	-528	202	409	58	12	275	415	428	1,486	147	512	602	1,242	471	558	620	1,388	545
Net profit	565	622	461	1,226	149	615	853	1,622	195	847	3,105	620	1,221	1,155	2,831	813	1,237	1,261	4,309	1,437	1,510	1,440	3,977	1,384	1,669	1,867	4,196	1,590
EPS ₹	16.89	18.59	13.78	36.66	4.45	18.40	25.52	48.50	5.82	25.32	92.86	18.55	36.52	34.55	84.67	24.35	18.49	18.86	64.43	21.49	22.59	21.53	59.46	20.69	24.96	27.91	62.74	23.77
Revenue YoY	—	—	—	—	-47.2%	40.6%	21.7%	4.9%	-7.0%	14.4%	7.7%	124.2%	-7.3%	—	8.1%	8.1%	9.5%	7.0%	18.2%	11.0%	6.0%	14.8%	-7.2%	10.8%	10.9%	10.7%	1.8%	14.4%
Profit YoY	—	—	—	—	-73.7%	-1.0%	85.3%	32.3%	31.0%	37.6%	91.4%	218.5%	44.2%	—	-8.8%	31.1%	1.3%	9.2%	52.2%	76.8%	22.1%	14.1%	-7.7%	-3.7%	10.5%	29.6%	5.5%	14.9%

Earlier results (standalone, Mar '18 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Hindustan Aeronautics Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY19†
Revenue	19,894
Operating profit	4,451
Operating margin	22.4%
Other income	376
Interest	171
Depreciation	1,028
Profit before tax	3,628
Tax	1,345
Net profit	2,282

Quarters

	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	9,068	2,814	2,610	4,425	10,045
Operating profit	2,219	545	523	890	2,493
Operating margin	24.5%	19.4%	20.0%	20.1%	24.8%
Other income	186	130	70	58	119
Interest	4	6	1	30	134
Depreciation	539	151	139	235	504
Profit before tax	1,862	517	453	684	1,974
Tax	738	157	163	228	797
Net profit	1,124	361	289	455	1,177
EPS ₹	33.61	10.78	8.66	13.61	35.21
Revenue YoY	—	—	—	—	10.8%
Profit YoY	—	—	—	—	4.7%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	21.7%	18.5%	18.5%	21.5%	21.0%	21.3%	22.8%	29.2%	24.7%	25.5%	24.0%	24.4%	26.2%	28.3%	27.3%	27.9%	23.9%	23.8%	22.8%	24.0%	22.2%	22.7%
ROCE	22.5%	19.5%	21.2%	23.3%	29.4%	29.1%	30.7%	30.0%	27.8%	29.0%	27.3%	29.1%	35.1%	36.8%	35.5%	36.7%	31.0%	31.7%	30.5%	31.7%	29.5%	30.2%
Net margin	13.4%	12.4%	11.5%	12.8%	14.2%	14.5%	15.1%	23.5%	21.6%	22.1%	21.8%	21.9%	25.1%	26.8%	27.3%	27.1%	27.0%	26.4%	26.4%	27.1%	27.5%	27.6%
EBITDA margin	22.8%	22.3%	22.4%	22.9%	23.5%	23.0%	23.2%	22.8%	24.8%	24.7%	23.9%	25.2%	32.1%	32.0%	32.0%	31.9%	31.0%	31.5%	30.6%	30.5%	29.5%	29.6%
Debt / equity	0.44	0.44	0.44	0.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	12.37	9.93	11.69	13.50	17.48	26.55	48.05	140.02	113.24	118.43	118.85	130.86	318.61	332.70	347.21	361.45	1248.31	1255.86	1232.15	1165.60	2092.25	2122.06
Asset turnover	0.40	0.37	0.40	0.42	0.44	0.44	0.45	0.42	0.40	0.41	0.39	0.39	0.39	0.39	0.36	0.37	0.29	0.30	0.26	0.27	0.25	0.26

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 10 periods

	MAR '20‡	MAR '21‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	334	334	334	334	334	334	334	334	334	334
Other equity / reserves	12,914	15,078	20,592	23,238	24,821	28,804	30,865	34,647	36,780	40,707
Total equity	13,249	15,412	20,927	23,572	25,155	29,138	31,199	34,982	37,114	41,041
Borrowings	5,886	9	0	0	0	0	0	0	0	0
Current liabilities	31,127	25,511	24,296	30,827	34,336	36,324	40,975	44,095	48,440	44,307
Non-current liabilities	8,897	11,019	16,412	12,801	12,360	12,629	14,352	27,186	37,587	47,063
Total assets	53,277	51,946	61,639	67,204	71,855	78,095	86,530	1,06,267	1,23,145	1,32,415
Property, plant & equipment	9,674	10,595	5,935	5,799	5,782	5,780	5,926	5,970	6,112	6,168
Capital work-in-progress	860	792	940	637	786	937	995	1,091	1,112	1,026
Investments	158	161	1,378	1,458	1,462	1,591	1,614	1,754	1,767	1,914
Inventories	19,436	16,545	14,690	12,149	13,884	13,218	17,353	21,676	28,420	30,851
Receivables	11,235	5,638	5,032	4,719	5,078	4,617	4,527	4,648	4,416	4,066
Cash & equivalents	279	7,146	2,555	4,441	2,021	4,255	5,147	4,549	3,138	3,768

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 7 periods

	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,527	15,263	10,033	8,830	8,223	13,643	10,906
Cash from investing	-1,339	-1,271	-12,760	-5,728	-6,410	-10,771	-8,337
Cash from financing	64	-7,125	-1,349	-1,731	-1,999	-2,579	-3,350
Capex	1,381	1,317	1,501	1,781	1,755	1,295	1,935
Free cash flow	147	13,945	8,532	7,048	6,468	12,348	8,972
Dividends paid	1,340	1,003	1,338	1,672	1,973	2,541	3,344

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹6,168 cr5%

CWIP

₹1,026 cr1%

Investments

₹1,914 cr1%

Inventories

₹30,851 cr23%

Receivables

₹4,066 cr3%

Cash & equivalents

₹3,768 cr3%

Other assets

₹84,622 cr64%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%

StoxGud checklist: Bullish setup · 10/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+4.9%

6 months+4.1%

1 year+6.1%

3Y CAGR+37.0%

5Y CAGR+49.2%

10Y CAGR—

50-day avg₹4,829.77

200-day avg₹4,463.99

RSI (14)49

Compare Hindustan Aeronautics Ltd. with

Hindustan Aeronautics vs Bharat Electronics Hindustan Aeronautics vs Tata Motors Hindustan Aeronautics vs Bharat Heavy Electricals Hindustan Aeronautics vs ABB India

FAQs

What is the share price of Hindustan Aeronautics Ltd.?

Hindustan Aeronautics Ltd. (HAL) closed at ₹4,980.00 on NSE on 06 Nov 2026.

What is the market cap of Hindustan Aeronautics Ltd.?

₹3,33,052 crore at the latest close.

What is the P/E ratio of Hindustan Aeronautics Ltd.?

35.7, on trailing-twelve-month earnings from its filings.

How fast is Hindustan Aeronautics Ltd. growing?

Hindustan Aeronautics Ltd.: revenue has compounded at 7.1% a year over three years; net profit at 16.1% a year. Latest-quarter revenue is up 14.4% year on year, profit up 14.9%.

How profitable is Hindustan Aeronautics Ltd.?

On a trailing-twelve-month basis return on equity is 22.7%, return on capital employed 30.2%, operating margin 29.6%, net margin 27.6%.

How much debt does Hindustan Aeronautics Ltd. have?

Hindustan Aeronautics Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹3,768 cr (balance sheet of 2026-03-31). Operating profit covers interest 2,122.1 times.

Financials parsed from Hindustan Aeronautics Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '20. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.