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HAL · NSE · Aerospace & Defense

Hindustan Aeronautics Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Industrials
cheap low confidence No valuation within 120 days; P/E 33.4 vs peers 48.1 (3rd of 14); P/B 5.7 vs peers 12.4 (2nd of 14).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Hindustan Aeronautics's share price today?

Hindustan Aeronautics last traded at ₹4,760.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 2.2% on the day, down 1.9% over a year. Its 52-week range is ₹3,479 to ₹5,150. The live price is in the app.

₹4,760.00 +2.2% today
−1.9% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range77% of the way up
Low ₹3,479High ₹5,150

What is Hindustan Aeronautics's market cap?

Hindustan Aeronautics's market capitalisation is about ₹3.11 lakh crore: what it would cost to buy every share at today's price. That makes it the 26th largest large cap company we cover.

₹3.1 L Cr Large Cap26th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: HAL
ISIN
INE066F01020
Cap bucket
Large Cap, 26th largest by market cap
Industry (NSE)
Industrials › Capital Goods › Aerospace & Defense
Listed since
2018
Futures and options
Traded

Is Hindustan Aeronautics overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 33.4 vs peers 48.1 (3rd of 14); P/B 5.7 vs peers 12.4 (2nd of 14).

Valuation

Latest price and trailing 12 months
P/E 33.40
vs peers 48.1 · 3rd of 14
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 5.71
vs peers 12.4 · 2nd of 14
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹3.11 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 1.3%
vs peers 0.7% · 3rd of 11
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 2.21
vs peers 1.7 · 6th of 10
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 2.08
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Hindustan Aeronautics a quality business?

Quality score 52.7, 9th of 14 in its peer set; WATCH on 30 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 52.7
vs peers 63.3 · 9th of 14
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 24.0%
vs peers 27.9% · 9th of 14
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 16.2%
vs peers 33.8% · 12th of 14
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 24.7%
vs peers 15.5% · 1st of 14
Profit after everything, as a share of revenue. Learn more →
EPS ₹136.30
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
Inside the app

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Has Hindustan Aeronautics made money for shareholders?

Mixed: −1.9% over one year and +47.1% a year over five years.

Shareholder returns

1-year return −1.9%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +47.1% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−0.5%
1M
−0.8%
3M
+3.2%
6M
+13.6%
1Y
−1.9%
3Y
+36.8%
5Y
+47.1%

Does Hindustan Aeronautics pay a dividend?

Yes. Hindustan Aeronautics's dividend yield is 1.29% at the latest price; the last payout was ₹10.00 a share, ex-dividend 14 Aug 2026.

Dividends

Per share, by ex-dividend date
Dividend yield1.29%
The past 12 months' dividends as a share of today's price.
14 Aug 2026 · Final₹10.00
18 Feb 2026 · Interim 1₹35.00
21 Aug 2025 · Final₹15.00
18 Feb 2025 · Interim 1₹25.00
21 Aug 2024 · Final₹13.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Hindustan Aeronautics growing?

Revenue 3 years 8.8% a year; profit 3 years 16.1% a year; revenue 5 years 8.0% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 8.8% a year
vs peers 18.4% · 10th of 10
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 16.1% a year
vs peers 30.1% · 8th of 9
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 8.0% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 12.9% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 16.1% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 23.0% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history 11.1%
vs peers -2.7% · 7th of 9
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Hindustan Aeronautics do last quarter?

Hindustan Aeronautics reported revenue of ₹5,515 Cr, up 6.8% on a year earlier and a net profit of ₹1,590 Cr, up 9.0% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹5,515 Cr
+6.8% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹1,590 Cr
+9.0% on a year earlier
What was left for shareholders after every cost and tax.

How does Hindustan Aeronautics compare with its peers?

Compared with 13 Capital Goods (the sector, as the industry was too small); 3rd of 14 on P/E; 9th of 14 on quality score.

Compared with 13 Capital Goods (the sector, as the industry was too small)

13 companies

Hindustan Aeronautics against its peers

Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Hindustan Aeronautics Ltd₹3.1 L Cr33.45.724.0%16.2%−1.9%
Bharat Electronics Ltd₹2.7 L Cr43.812.427.9%35.4%−10.1%
Tata Motors Ltd₹1.5 L Cr36.010.853.5%48.5%+24.5%
Bharat Heavy Electricals Ltd₹1.5 L Cr62.03.25.2%5.6%+84.6%
ABB India Ltd₹1.4 L Cr48.114.022.4%29.8%+31.7%
Hitachi Energy India Ltd₹1.4 L Cr118.620.921.0%27.9%+72.1%
CG Power & Industrial Solutions Ltd₹1.3 L Cr107.812.621.4%28.1%+14.5%
Cummins India Ltd₹1.3 L Cr56.615.831.2%39.6%+22.1%
Siemens Ltd₹1.3 L Cr39.17.712.0%12.3%+16.8%
Polycab India Ltd₹1.2 L Cr43.28.724.1%33.5%+7.4%
Siemens Energy India Ltd₹1.1 L Cr74.227.950.2%58.3%−2.6%
Peer median—48.112.427.9%33.8%+16.8%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Hindustan Aeronautics?

Hindustan Aeronautics is held by promoters 71.6%, foreign institutions 9.3%, domestic institutions 12.0%.

Shareholding pattern

Latest filing, percent of shares
Promoters71.6%
The founders and controlling group.
Foreign institutions9.3%
Overseas funds investing through the FPI route.
Domestic institutions12.0%
Indian insurers, banks, pension and mutual funds together.
Mutual funds6.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others6.1%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Hindustan Aeronautics?

27 analysts cover Hindustan Aeronautics, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

27 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Hindustan Aeronautics do and what is it sensitive to?

Hindustan Aeronautics Limited (HAL) designs, develops, produces, and maintains aircraft, helicopters, aero-engines, and airborne systems for civilian and military applications. Sensitive to: foreign exchange rate fluctuations.

Business-model card

FY2025 · 43 verified
2Revenue
2Channels
4Regulators
5Reg. dependencies
4Sensitivities
4Costs
3Geographies

Hindustan Aeronautics Limited (HAL) designs, develops, produces, and maintains aircraft, helicopters, aero-engines, and airborne systems for civilian and military applications. It earns revenue through sale of finished aircraft and helicopters, spare parts, repair and overhaul services, and development contracts, primarily serving Indian Defence Services and Government of India.

Revenue engine

2 verified
Sale of Finished Goods (Aircraft, Helicopters, Engines)
Point-in-time revenue recognition on delivery of aircraft platforms and engine systems to defence and civilian customers
Repair & Overhaul (R&O) Services
Revenue recognized over time as services are delivered; MRO capacity expansion and investment in ROH facilities for multiple aircraft platforms underway

Customers & channels

2 verified
Civil Aviation Sector
Emerging customer base for MRO services and commercial aircraft; Indian government plans to increase operational airports from 157 in 2024 to 350-400 by 2047; anticipated 8% annual increase in air traffic
Export markets and friendly foreign countries
HAL receives active government support for exports to friendly nations; expansion strategy includes opening Export Offices in target geographies

Regulators

4 verified
Ministry of Defence (MoD) and Government of India
Controls defence procurement policy, defence acquisition procedures (DAP 2020), budgetary appropriations for defence spending, and capability to reform defence policies affecting market competition and contract allocation
Directorate General of Civil Aviation (DGCA)
Regulates civil aviation operations and maintenance standards; HAL holds CAR-21/CAR-145/CAR-147 certifications for Production, Maintenance, and Training Organizations
Department of Investment and Public Asset Management (DIPAM)
Issues guidelines for government companies including buyback of shares, bonus shares, and share split; company received exemption from DIPAM Guidelines for FY 2024-25
1 more statement
Directorate General of Aeronautical Quality Assurance (DGAQA)
Approves firm quality management systems for defence aerospace; HAL holds AFQMS (Approval of Firm and its Quality Management System) certification

Regulatory dependencies

5 verified
Defence Acquisition Procedure (DAP 2020) and procurement policy reform
Changes in procurement policy preference (shift from nomination to competitive procurement) and strategic partnership models can materially affect ability to secure contracts and maintain sales. Highest priority given to Indigenously Designed, Developed and Manufactured (IDDM) products
Make in India and Atmanirbhar Bharat initiatives
Government policy mandates domestic procurement with ₹1.12 Lakh Crore budgeted for domestic defence production; creates opportunities for indigenous manufacturing but increases competition from private sector
Fixed Price Quotation (FPQ) policy for services and spares
Prices fixed for base year with escalation parameters for 5-7 year pricing periods; approval process takes minimum 2 years after expiry; creates revenue recognition lags and cash flow timing risks
2 more statements
MRO policy reform for civil aviation sector
Government revised MRO policy to increase ease of doing business and position India as global MRO hub; approximately 90% of India's MRO activity currently occurs outside India, creating opportunity for localization
Quality and aerospace certification standards (AS 9100, CAR-21/145/147, AFQMS, AS 7003)
Compliance with international and domestic aviation standards required for production and maintenance operations; non-compliance could affect certifications and customer contracts

Sensitivities

4 verified
Foreign exchange rate fluctuations
Company imports raw materials, components, and capital goods requiring payment in foreign currency; FY2025 imports on CIF basis totalled ₹1,571,602 Lakhs; however, customer contracts generally provide for foreign exchange reimbursement, limiting net impact
Global military expenditure and geopolitical conditions
Rising geopolitical tensions drive defence spending; SIPRI reports world military expenditure rose 6.8% in 2023 to $2,443 billion; India ranks 5th globally in military spending; changes in global conflict and defence priorities affect demand
Long product development and production cycles with cash flow lag
Long development periods and production cycles create need for high working capital funded by advance and milestone payments from customers; delays in approvals or payment processing disrupt cash flows
1 more statement
Indian civil aviation growth and fleet expansion
Expanding middle class and air travel demand driving 8% anticipated annual growth in air traffic; increasing fleet size creates growing demand for MRO services and spare parts

Cost inputs

4 verified
Imported raw materials, components and spares (77.0%)
FY2025: ₹1,527,110 Lakhs (77% of total consumption); includes customs duty; FY2024: ₹1,029,917 Lakhs (80% of total); major cost drivers for finished goods production
R&D and Design & Development costs
FY2025: ₹2,482 Crore (8.25% of turnover); funded by Indian Defence Services; investment in LCA Mk2, GE-414 engines, IMRH engines, AMCA development and Industry 4.0 initiatives
Foreign OEM critical components and spares
Dependence on foreign OEMs for supply of critical components and spares creates supply chain risk and cost exposure
1 more statement
Capital goods and special tools imports
FY2025: ₹3,202 Lakhs capital goods + ₹11,927 Lakhs special tools (total ₹15,129 Lakhs); required for manufacturing infrastructure expansion and Industry 4.0 implementation

Geographies

3 verified
India - Domestic defence and civil aviation markets
Primary market; Indian Defence Services and Government of India primary customers; civil aviation sector growth driven by expanding middle class and airport infrastructure expansion (157 airports in 2024 to 350-400 by 2047)
India as regional MRO hub (Southeast Asia, Middle East, Europe)
India positioned as regional MRO hub between Europe and Southeast Asia with proximity to Middle East; approximately 90% of India's current MRO activity occurs outside India in Sri Lanka, Singapore, Malaysia
Global OEM manufacturing and export sourcing
Leading aircraft OEMs see India as important market for exports and manufacturing due to high aircraft demand, strategic geographic location, engineering expertise, and competitive labour costs
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (12 Aug 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 30 of 30 flags judged; 1 red.
  • Data gapsBusiness quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓103 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 43 verified

Questions people ask

What is Hindustan Aeronautics's share price today?

Hindustan Aeronautics last traded at ₹4,760.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 2.2% on the day, down 1.9% over a year. Its 52-week range is ₹3,479 to ₹5,150. The live price is in the app.

What is Hindustan Aeronautics's market cap?

Hindustan Aeronautics's market capitalisation is about ₹3.11 lakh crore: what it would cost to buy every share at today's price. That makes it the 26th largest large cap company we cover.

Is Hindustan Aeronautics Ltd a large cap, mid cap or small cap?

Hindustan Aeronautics Ltd (HAL) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Hindustan Aeronautics Ltd's P/E ratio?

33.40, vs peers 48.1 · 3rd of 14. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Hindustan Aeronautics Ltd overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 33.4 vs peers 48.1 (3rd of 14); P/B 5.7 vs peers 12.4 (2nd of 14).

How does Hindustan Aeronautics Ltd make money?

Hindustan Aeronautics Limited (HAL) designs, develops, produces, and maintains aircraft, helicopters, aero-engines, and airborne systems for civilian and military applications. It earns revenue through sale of finished aircraft and helicopters, spare parts, repair and overhaul services, and development contracts, primarily serving Indian Defence Services and Government of India.

Who are Hindustan Aeronautics Ltd's peers?

Compared with 13 Capital Goods (the sector, as the industry was too small): Bharat Electronics Ltd, Tata Motors Ltd, Bharat Heavy Electricals Ltd, ABB India Ltd, Hitachi Energy India Ltd and 8 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Hindustan Aeronautics do last quarter?

Hindustan Aeronautics reported revenue of ₹5,515 Cr, up 6.8% on a year earlier and a net profit of ₹1,590 Cr, up 9.0% in the Jun 2026 quarter.

Who owns Hindustan Aeronautics?

Hindustan Aeronautics is held by promoters 71.6%, foreign institutions 9.3%, domestic institutions 12.0%.

Does Hindustan Aeronautics pay a dividend?

Yes. Hindustan Aeronautics's dividend yield is 1.29% at the latest price; the last payout was ₹10.00 a share, ex-dividend 14 Aug 2026.

What do analysts say about Hindustan Aeronautics?

27 analysts cover Hindustan Aeronautics, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Hindustan Aeronautics, and 6,621 other companies, with 212 filters and the full peer tables

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