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On 6 Nov 2026, Hindustan Aeronautics was priced at ₹4,980.00, or 35.7× trailing earnings, against an industry P/E of 54.7×. Sales and net profit grew 6.4% and 16% a year over 3 years; its ROCE of 14% is the second-lowest among the 7 largest Aerospace & Defense peers. It carries very little debt, and its dividend yield is 0.9%. It is a large-cap company with a market cap of ₹3.3 lakh crore, the largest of 27 Aerospace & Defense companies by market cap; the shares rose 7.6% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹4,970.50
Day high
₹4,998.30
Day low
₹4,828.00
Prev. close
₹5,043.00
Volume
11.7 L

Health check

3 good · 1 fair · 2 to check
  • ReturnsAhead

    +7.6% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 35.7 vs industry 54.7.

  • GrowthSlow

    Sales +6.4%, profit +16.1% a year over 3 years.

  • ProfitabilityWeak

    ROCE 13.8% vs peer median 28.5%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Large cap

₹3.3L Cr, the largest of 27 in its industry.

Defensive

Beta 0.46 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹33,785 Cr · profit ₹9,322 Cr
Market cap
₹3.3L Cr
Large cap
P/E
35.7
Industry 54.7
Price to book
8.12
Peers 9.32
Dividend yield
0.90%
ROE
24.0%
Peers 23.2%
ROCE
13.8%
Peers 28.5%
Debt to equity
0.00
Debt ₹66 Cr
EPS (TTM)
₹139.38
Face value ₹5
OPM (TTM)
25.3%
Net margin 27.6%
Sales growth
+14.4%
Latest quarter vs a year ago
Profit growth
+14.9%
Latest quarter vs a year ago
Price to sales
9.86
EV/EBITDA 35.9

Strengths and risks

Strengths

  • Return on equity of 24.0%.
  • Practically debt-free.
  • Net margin of 27.6%.
  • P/E of 35.7 against an industry P/E of 54.7.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Hindustan Aeronautics

Hindustan Aeronautics Limited engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally. It serves national and international defense customers, as well as civil customers. Hindustan Aeronautics Limited was incorporated in 1963 and is based in Bengaluru, India.

Headquarters
Bengaluru
Employees
35,566
Sector
Industrials
ISIN
INE066F01020
Website
hal-india.co.in

Price range

52 weeks

₹3,479.10₹5,149.90

Today

₹4,828.00₹4,998.30
Avg volume (3M)
8.3 L
1-year return
plus 7.6%
From 52-week high
minus 3.3%

Analyst consensus

27 analysts
BuyMean target ₹5,582.41 plus 12.1%

Target range, with today’s price

Low ₹3,200.00High ₹6,800.00

Next results expected around 12 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HALHindustan Aeronautics4,980.00minus 1.25%3,33,05035.728.513.8%25.3%0.006.4%plus 7.6%
BELBharat Electronics396.00plus 0.23%2,89,46745.333.731.9%28.2%0.0015.5%minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders1,840.00plus 0.05%74,22230.321.928.5%16.2%0.0819.6%minus 31.5%
BDLBharat Dynamics1,060.00minus 1.40%38,85674.6152.17.2%12.8%0.00−0.9%minus 27.4%
COCHINSHIPCochin Shipyard1,220.00minus 1.05%32,09647.230.316.7%12.6%0.2826.9%minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers2,135.70minus 0.07%24,46530.625.836.8%11.0%0.0140.0%minus 16.4%
DATAPATTNSData Patterns (India)3,767.70minus 4.85%21,09387.854.820.4%39.6%0.0026.8%plus 46.6%
SIGMAADVSIGMA ADVANCED SYSTEMS909.25minus 2.25%17,26998.4264.652.6%14.9%0.71528.7%plus 319.3%
Median of 7 peers–−1.05%32,09647.233.728.5%14.9%0.0126.8%−16.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
4,8196,6297,69913,9425,515
3,7205,2946,1349,5134,288
1,0991,3341,5654,4291,227
22.8%20.1%20.3%31.8%22.3%
7578959271,164912
0.30.414.20.4
−2.3−1.9−3.4−4.8−4.5
1,8542,2272,4875,5842,134
25.4%25.1%24.9%24.9%25.5%
1,3841,6691,8674,1961,590
20.6924.9627.9162.7423.77

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+6.4%
Profit CAGR 3Y
+16.1%
EPS CAGR 3Y
+16.1%
ROE
24.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
26,36128,16230,10531,792
–+6.8%+6.9%+5.6%
18,27018,33520,30721,724
8,0919,8279,79810,068
30.7%34.9%32.5%31.7%
1,5101,8762,5323,535
5832.18.75.8
2,3821,4221,3631,367
−651−24.1−90.8−77.9
6,51010,22510,86712,152
10.5%25.5%23.0%25.0%
5,8287,6218,3649,116
–+30.8%+9.8%+9.0%
87.14113.95125.07136.30

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
334334334334
23,23828,80434,64740,707
2.71.11.211
43,62948,95671,28491,363
67,20478,0951,06,2671,32,415
6,6116,9607,3237,555
8121,1801,3531,388
1,2891,3901,4961,611
20,30326,43138,18246,196
38,18942,13557,91375,664
67,20478,0951,06,2671,32,415

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8,8308,22313,64310,906
−5,728−6,410−10,771−8,337
−1,731−1,999−2,579−3,350
1,370−186294−781
−1,781−1,755−1,757−2,549
7,0496,46811,8878,357
−1,672−1,973−2,541−3,344

Shareholding pattern

Source: NSE filings
71.6%
promoters
  • Promoters71.64%
  • Public28.36%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202671.64%28.36%0.00
30 Jun 202671.64%28.36%0.00
31 Mar 202671.64%28.36%0.00
31 Dec 202571.64%28.36%0.00
30 Sep 202571.64%28.36%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you