Hindustan Aeronautics Limited (IN:HAL)
:HAL
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Hindustan Aeronautics Limited
(HAL)
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Rating:71Outperform
Price Target:
₹4,456.00
▲(0.88% Upside)
Action:ReiteratedDate:10/31/25
Hindustan Aeronautics Limited's strong financial performance is the most significant factor, reflecting robust revenue growth, profitability, and financial stability. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. These factors contribute to a balanced overall stock score.
Positive Factors
Balance Sheet Health
HAL's low leverage and strong equity base provide durable financial flexibility to absorb program timing variability, fund capital investment and sustainment operations, and support long-term R&D or capability upgrades without depending heavily on external debt.
Negative Factors
Customer Concentration
Heavy dependence on a single sovereign customer concentrates demand risk and ties HAL's revenue trajectory to government procurement priorities, budget timing and political decisions, limiting commercial diversification and increasing exposure to policy shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
HAL's low leverage and strong equity base provide durable financial flexibility to absorb program timing variability, fund capital investment and sustainment operations, and support long-term R&D or capability upgrades without depending heavily on external debt.
Read all positive factors
Hindustan Aeronautics Limited (HAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.70T
Dividend Yield0.9%
Average Volume (3M)71.80K
Price to Earnings (P/E)39.3
Beta (1Y)1.38
Revenue Growth3.05%
EPS Growth-0.57%
CountryIN
Employees22,655
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)27.91
Shares Outstanding668,775,000
10 Day Avg. Volume61,424
30 Day Avg. Volume71,803
Financial Highlights & Ratios
PEG Ratio3.46
Price to Book (P/B)8.07
Price to Sales (P/S)9.12
P/FCF Ratio22.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,960.00Price Target Upside12.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)147.96
Revenue Forecast (FY)₹398.91B
Hindustan Aeronautics Limited Business Overview & Revenue Model
Company Description
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. The compa...
How the Company Makes Money
HAL makes money mainly by supplying aerospace and defense products and lifecycle services, with revenues typically tied to long-term government/defense procurement and sustainment programs.
1) Sale of aircraft, helicopters, and related mission-re...
Hindustan Aeronautics Limited Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 321.05B | 309.81B | 303.81B | 269.27B | 246.20B | 228.82B |
| Gross Profit | 185.21B | 179.27B | 185.38B | 160.13B | 140.40B | 111.76B |
| EBITDA | 89.60B | 79.94B | 82.88B | 52.87B | 44.06B | 41.70B |
| Net Income | 84.69B | 83.64B | 76.21B | 58.28B | 50.80B | 32.46B |
Balance Sheet | ||||||
| Total Assets | 1.23T | 1.06T | 780.95B | 672.04B | 583.92B | 519.46B |
| Cash, Cash Equivalents and Short-Term Investments | 461.93B | 381.82B | 264.31B | 203.03B | 143.47B | 71.75B |
| Total Debt | 114.00M | 11.60M | 11.00M | 516.90M | 492.70M | 114.60M |
| Total Liabilities | 860.27B | 712.82B | 489.53B | 436.28B | 390.75B | 365.30B |
| Stockholders Equity | 371.14B | 349.82B | 291.38B | 235.72B | 193.13B | 154.12B |
Cash Flow | ||||||
| Free Cash Flow | 66.48B | 127.13B | 73.06B | 70.48B | 85.32B | 139.45B |
| Operating Cash Flow | 73.77B | 136.43B | 82.23B | 88.30B | 100.33B | 152.63B |
| Investing Cash Flow | -77.84B | -107.71B | -64.10B | -57.28B | -127.60B | -12.71B |
| Financing Cash Flow | -10.04B | -25.79B | -19.99B | -17.31B | -13.49B | -71.25B |
Hindustan Aeronautics Limited Technical Analysis
Positive
4417.20
Price Trends
4014.80
Positive
4218.80
Negative
4440.51
Negative
Market Momentum
-52.53
Negative
59.01
Neutral
92.73
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HAL, the sentiment is Positive. The current price of 4417.2 is above the 20-day moving average (MA) of 3813.11, above the 50-day MA of 4014.80, and below the 200-day MA of 4440.51, indicating a neutral trend. The MACD of -52.53 indicates Negative momentum. The RSI at 59.01 is Neutral, neither overbought nor oversold. The STOCH value of 92.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HAL.
Hindustan Aeronautics Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹3.21T | 46.53 | ― | 0.60% | 16.58% | 25.45% | |
71 Outperform | ₹2.70T | 39.31 | ― | 0.90% | 3.05% | -0.57% | |
68 Neutral | ₹982.51B | 28.54 | ― | 0.47% | 12.22% | -9.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹289.28B | 40.98 | ― | 0.80% | 43.86% | 60.18% | |
59 Neutral | ₹486.25B | 184.29 | ― | 0.33% | 82.69% | 18.17% | |
58 Neutral | ₹374.67B | 73.64 | ― | 0.59% | 19.62% | -12.34% |
* Industrials Sector Average
IN:HAL
Hindustan Aeronautics Limited
4,032.60
-24.81
-0.61%
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Hindustan Aeronautics Limited Corporate Events
HAL Retains Top CARE Ratings on Strong Order Book and Liquidity
Mar 10, 2026
Hindustan Aeronautics Limited said CARE Ratings has reaffirmed its top-tier long-term and short-term bank facility ratings at CARE AAA; Stable and CARE A1+, reflecting its strategic importance to the Indian government, which holds a 71.64% stake, ...
HAL Wins Rs 2,901 Crore Defence Contract for ALH Mk-III Maritime Helicopters
Mar 3, 2026
Hindustan Aeronautics Limited has secured a Rs 2,901 crore contract from India’s Ministry of Defence to supply six Advanced Light Helicopter (ALH) Mk-III Maritime Role platforms to the Indian Coast Guard, along with operational role equipmen...
HAL Says Russia SJ-100 Aircraft Tie-Up Already Disclosed, Sees No New Material Impact
Feb 2, 2026
Hindustan Aeronautics Limited has clarified to the stock exchanges that its cooperation with Russia’s United Aircraft Corporation for the production of SJ-100 civil commuter aircraft was already disclosed in October 2025 and is not a new dev...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.