Hindustan Aeron

₹4228.8 13.1 | 0.3%

WEBSITE BSE:541154 NSE : HAL 26 Dec, 16:01

Market Cap ₹282808 Cr.

Stock P/E 37.1

P/B 9.1

Current Price ₹4228.8

Book Value ₹ 464.8

Face Value 5

52W High ₹5675

Dividend Yield 0.83%

52W Low ₹ 2746.6

Edit Ratio

Hindustan Aeron Research see more...

A Detail Equity Research Report - Hindustan Aeronautics Limited with the tagline Defining Indian Aerospace

A detailed equity research report on Hindustan Aeronautics Limited

Overview Inc. Year: 1963Industry: Defence

Hindustan Aeronautics Ltd is an India-based aerospace and defense company. The Company designs and develops a variety of aircrafts that consist of fighter aircrafts, instructor aircrafts, shipping aircrafts, navy helicopters, and civil helicopters. It additionally develops plane engines, avionics and add-ons, which includes unique test equipment, ground managing system, and floor assist equipment. The Company manufactures its plane by the use of each indigenous and licensed Russian and Western starting place technologies. Its range of aircrafts includes Su-30 MKI plane, Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, add-ons and aerospace structures. The Company has evolved Basic Trainer Aircraft (HTT-40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA)- MK1A, Jaguar Darin III Upgrade, Hawk-i and improvement of engines.

Hindustan Aeron Share Price

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Peer Comparison

Hindustan Aeron Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	9656	2904	2373	4278	9068
Other Income	342	199	190	185	186
Total Income	9998	3103	2563	4463	9254
Total Expenditure	7853	2546	2248	3465	6909
Operating Profit	2145	557	316	998	2345
Interest	10	0	1	0	27
Depreciation	246	119	136	153	539
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	1889	438	179	845	1779
Provision for Tax	444	108	111	296	738
Profit After Tax	1445	330	68	549	1041
Adjustments	-1445	-330	-68	-549	-1041
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	20	4.6	0.9	8.2	15.6

Hindustan Aeron Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	15135	15630	16759	17950	18519	20008	21445	22882	24620	26928	30381	18623
Other Income	2619	2439	1934	1044	761	376	296	358	986	1672	1899	760
Total Income	17754	18069	18693	18994	19280	20384	21741	23240	25607	28600	32279	19383
Total Expenditure	13565	14076	14617	14682	15059	15440	16565	17541	19200	20258	20631	15168
Operating Profit	4188	3993	4076	4312	4221	4944	5176	5699	6406	8341	11648	4216
Interest	8	15	6	16	35	177	359	267	65	64	43	28
Depreciation	603	806	863	713	947	1024	998	1157	1110	1784	1406	947
Exceptional Income / Expenses	0	0	0	0	0	0	119	2	0	0	0	0
Profit Before Tax	3578	3173	3207	3583	3240	3742	3938	4277	5231	6493	10199	3241
Provision for Tax	885	784	1209	967	1252	1396	1096	1038	145	682	2604	1253
Profit After Tax	2693	2388	1998	2616	1987	2346	2842	3239	5087	5811	7595	1988
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-1988
Profit After Adjustments	2693	2388	1998	2616	1987	2346	2842	3239	5087	5811	7595	0
Adjusted Earnings Per Share	27.9	24.8	27.6	36.2	29.7	35.1	42.5	48.4	76.1	86.9	113.6	29.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	10%	9%	7%
Operating Profit CAGR	40%	27%	19%	11%
PAT CAGR	31%	33%	26%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	50%	91%	64%	NA%
ROE Average	29%	28%	26%	22%
ROCE Average	39%	33%	30%	28%

Hindustan Aeron Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	15015	16786	11019	12537	9486	12075	13200	15368	19264	23506	29046
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	5	4	0	0	100	100	0	0	0	0	0
Other Non-Current Liabilities	8386	9296	12849	13389	11977	10060	8411	10855	13472	11660	11160
Total Current Liabilities	41306	38892	32650	25583	26098	28193	31129	25414	25020	30825	36323
Total Liabilities	64712	64978	56519	51509	47661	50428	52740	51637	57755	65992	76529
Fixed Assets	2088	2176	6549	7350	7566	7454	7351	7158	6758	6827	6730
Other Non-Current Assets	7206	7182	4227	4007	3083	3329	3996	4094	5991	7278	6784
Total Current Assets	55418	55620	45742	40153	37012	39644	41392	40386	44998	51878	63016
Total Assets	64712	64978	56519	51509	47661	50428	52740	51637	57755	65992	76529

Hindustan Aeron Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	5543	11175	1729	334	2771	91	11	278	7141	3069	4439
Cash Flow from Operating Activities	4391	-2460	3136	-423	-734	-7694	1537	15124	10180	8836	8226
Cash Flow from Investing Activities	1604	1083	1359	3021	594	5292	-1334	-1190	-12789	-5734	-6412
Cash Flow from Financing Activities	-363	-1264	-5880	-164	-2540	2321	64	-7070	-1464	-1731	-1999
Net Cash Inflow / Outflow	5632	-2641	-1385	2433	-2680	-80	267	6864	-4072	1370	-185
Closing Cash & Cash Equivalent	11175	8535	344	2767	92	11	278	7141	3069	4439	4254

Hindustan Aeron Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	27.93	24.77	27.63	36.18	29.72	35.08	42.5	48.44	76.06	86.89	113.57
CEPS(Rs)	34.18	33.13	39.57	46.04	43.88	50.4	57.41	65.74	92.65	113.57	134.6
DPS(Rs)	9.23	4.98	8.7	11.05	16.1	9.9	16.5	15	25	27.5	35
Book NAV/Share(Rs)	155.75	174.13	152.41	173.4	141.84	180.55	197.37	229.79	288.05	351.48	434.32
Core EBITDA Margin(%)	10.37	9.94	12.48	17.61	18.58	22.83	22.76	23.34	22.01	24.77	32.09
EBIT Margin(%)	23.69	20.39	18.72	19.4	17.58	19.59	20.04	19.86	21.51	24.35	33.71
Pre Tax Margin(%)	23.64	20.3	18.69	19.31	17.4	18.7	18.36	18.69	21.25	24.11	33.57
PAT Margin (%)	17.79	15.28	11.64	14.1	10.67	11.73	13.25	14.16	20.66	21.58	25
Cash Profit Margin (%)	21.77	20.44	16.67	17.94	15.76	16.85	17.9	19.21	25.17	28.21	29.63
ROA(%)	4.41	3.68	3.29	4.84	4.01	4.78	5.51	6.21	9.3	9.39	10.66
ROE(%)	18.97	15.02	14.37	22.21	18.05	21.76	22.49	22.68	29.37	27.17	28.9
ROCE(%)	24.66	19.62	23.04	29.19	27.35	29.45	24.31	26.31	30.5	30.59	38.9
Receivable days	149.18	153.27	117.84	89.09	107.51	175.22	201.63	134.82	76.43	63.44	56.08
Inventory Days	484.86	554.44	522.59	445.96	398.98	356.27	333.07	288.26	230.18	179.76	152.5
Payable days	91.27	98.23	95.19	73.88	67.38	88.78	130.56	103.48	87.94	102.76	107.96
PER(x)	0	0	0	0	18.98	10.12	6.27	10.27	9.78	15.71	29.3
Price/Book(x)	0	0	0	0	3.98	1.97	1.35	2.16	2.58	3.88	7.66
Dividend Yield(%)	0	0	0	0	2.85	2.79	6.19	3.02	3.36	2.01	1.05
EV/Net Sales(x)	-1.04	-1.1	-0.77	-0.54	1.73	1.39	1.09	1.14	1.44	2.64	6.46
EV/Core EBITDA(x)	-3.76	-4.3	-3.16	-2.26	7.61	5.62	4.53	4.59	5.53	8.52	16.84
Net Sales Growth(%)	5.63	3.27	7.22	7.11	3.17	8.04	7.18	6.7	7.59	9.37	12.82
EBIT Growth(%)	2.39	-11.12	0.81	12.02	-9.02	19.71	9.63	5.74	16.55	23.81	56.19
PAT Growth(%)	-10.16	-11.31	-16.33	30.91	-24.02	18.05	21.14	13.98	57.02	14.25	30.7
EPS Growth(%)	-10.16	-11.31	11.56	30.91	-17.86	18.05	21.14	13.98	57.02	14.25	30.7
Debt/Equity(x)	0.05	0	0.01	0.08	0.1	0.34	0.45	0	0	0	0
Current Ratio(x)	1.34	1.43	1.4	1.57	1.42	1.41	1.33	1.59	1.8	1.68	1.73
Quick Ratio(x)	0.8	0.78	0.67	0.74	0.68	0.71	0.7	0.93	1.22	1.29	1.37
Interest Cover(x)	433.24	217.37	544.56	218.79	94.58	22.08	11.96	17.04	81.31	101.9	240.58
Total Debt/Mcap(x)	0	0	0	0	0.02	0.18	0.33	0	0	0	0

Hindustan Aeron Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	75.15	75.15	75.15	71.65	71.64	71.64	71.64	71.64	71.64	71.64
FII	5.56	6.85	7.13	9.07	11.91	12.63	12.94	12.42	11.68	11.85
DII	15.72	13.48	12.72	13.93	10.64	9.72	9.14	9.57	8.81	8.38
Public	3.58	4.53	4.99	5.34	5.82	6.01	6.29	6.37	7.87	8.13
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	25.13	25.13	25.13	23.96	23.96	47.91	47.91	47.91	47.91	47.91
FII	1.86	2.29	2.39	3.03	3.98	8.44	8.65	8.31	7.81	7.93
DII	5.26	4.51	4.25	4.66	3.56	6.5	6.11	6.4	5.89	5.6
Public	1.2	1.51	1.67	1.79	1.95	4.02	4.21	4.26	5.26	5.44
Others	0	0	0	0	0	0	0	0	0	0
Total	33.44	33.44	33.44	33.44	33.44	66.88	66.88	66.88	66.88	66.88

Pros

Company has delivered good profit growth of 26% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Company is almost debt free.

Cons

Debtor days have increased from 102.76 to 107.96days.
Stock is trading at 9.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Hindustan Aeron

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Hindustan Aeron Research see more...

Overview Inc. Year: 1963Industry: Defence

Hindustan Aeron Share Price

Alert Data

Quarterly Price

Peer Comparison

Hindustan Aeron Quarterly Results

Hindustan Aeron Profit & Loss

Growth Rates

Hindustan Aeron Balance Sheet

Hindustan Aeron Cash Flow

Hindustan Aeron Ratios

Hindustan Aeron Shareholding Pattern

Hindustan Aeron News

Top Unlisted Companies & InstaBuy Companies

Goodluck Defence

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