Hindustan Aeronautics Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 22.9% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 34.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.31x)
CONS
- A large part of profit comes from other income (30.4% of PBT)
- Recent results are weak - TTM profit is down 13.1% versus prior year
- Working capital days have increased from 542 to 789 days
- Stock is trading at 5.7x its book value
- Company has delivered a poor sales growth of 7.7% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HAL | 5010.00 | 35.94 | 335056.28 | 0.90 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| 2. | BEL | 408.70 | 48.61 | 298750.66 | 0.61 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| 3. | BDL | 1349.00 | 0.00 | 49449.28 | 0.36 | 118.79 | 547.36 | 572.24 | 147.63 | 19.75 | 14.52 |
| 4. | DATAPATTNS | 4775.20 | 3475.81 | 26733.46 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| 5. | AEQUS | 262.40 | 0.00 | 17598.27 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| 6. | ZENTEC | 1932.40 | 96.85 | 17448.21 | 0.05 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| 7. | ASTRAMICRO | 1702.95 | 85.53 | 16168.66 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 19.18 | 20.40 |
| 8. | APOLLO | 385.85 | 118.18 | 14338.17 | 0.06 | 252.16 | 1325.84 | 2512.93 | 1781.17 | 14.05 | 21.38 |
| 9. | SIGMAADV | 691.05 | 86.42 | 13125.04 | 0.00 | 354.12 | 159.95 | 3742.77 | — | 9.66 | 15.54 |
| 10. | PARAS | 1496.10 | 127.65 | 12056.67 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| 11. | UNIMECH | 1498.40 | 105.90 | 7627.16 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| 12. | AXISCADES | 1591.70 | 186.31 | 6770.06 | 0.00 | -14.76 | -170.76 | 183.35 | -24.77 | 14.56 | 4.73 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 3,039 | 4,108 | 4,626 | 8,867 | 3,357 | 4,336 | 5,275 | 8,405 | 3,537 | 5,071 | 5,828 | 8,884 | 4,293 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 410 | 469 | 460 | 557 | 736 | 542 | 631 | 652 | 747 | 888 | 914 | 1,151 | 900 |
| Interest | 0 | 0 | 0 | 31 | 0 | 0 | 0 | 8 | 0 | 0 | 1 | 4 | 0 |
| Depreciation | 201 | 350 | 212 | 644 | 149 | 178 | 277 | 736 | 185 | 226 | 310 | 634 | 304 |
| 1,085 | 1,647 | 1,683 | 5,783 | 1,578 | 2,011 | 2,037 | 5,202 | 1,844 | 2,220 | 2,474 | 5,571 | 2,134 | |
| Tax % | 25.33% | 25.18% | 25.43% | 25.70% | 9.29% | 25.47% | 29.58% | 23.88% | 25.52% | 25.14% | 25.07% | 24.91% | 25.52% |
| Net Profit | 0 | 0 | 0 | 0 | 1,437 | 1,510 | 1,440 | 3,977 | 1,384 | 1,669 | 1,867 | 4,196 | 1,590 |
| 12 | 18 | 19 | 64 | 21 | 23 | 22 | 59 | 21 | 25 | 28 | 63 | 2 | |
| Equity Capital | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
- 3,915
- 3,039
- Operating Profit
- —
- OPM %
- —
- Other Income
- 410
- Interest
- 0
- Depreciation
- 201
- 1,085
- Tax %
- 25.33%
- Net Profit
- 0
- 12
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,636
- 4,108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 469
- Interest
- 0
- Depreciation
- 350
- 1,647
- Tax %
- 25.18%
- Net Profit
- 0
- 18
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,061
- 4,626
- Operating Profit
- —
- OPM %
- —
- Other Income
- 460
- Interest
- 0
- Depreciation
- 212
- 1,683
- Tax %
- 25.43%
- Net Profit
- 0
- 19
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,769
- 8,867
- Operating Profit
- —
- OPM %
- —
- Other Income
- 557
- Interest
- 31
- Depreciation
- 644
- 5,783
- Tax %
- 25.70%
- Net Profit
- 0
- 64
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,348
- 3,357
- Operating Profit
- —
- OPM %
- —
- Other Income
- 736
- Interest
- 0
- Depreciation
- 149
- 1,578
- Tax %
- 9.29%
- Net Profit
- 1,437
- 21
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,976
- 4,336
- Operating Profit
- —
- OPM %
- —
- Other Income
- 542
- Interest
- 0
- Depreciation
- 178
- 2,011
- Tax %
- 25.47%
- Net Profit
- 1,510
- 23
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,957
- 5,275
- Operating Profit
- —
- OPM %
- —
- Other Income
- 631
- Interest
- 0
- Depreciation
- 277
- 2,037
- Tax %
- 29.58%
- Net Profit
- 1,440
- 22
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,700
- 8,405
- Operating Profit
- —
- OPM %
- —
- Other Income
- 652
- Interest
- 8
- Depreciation
- 736
- 5,202
- Tax %
- 23.88%
- Net Profit
- 3,977
- 59
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,819
- 3,537
- Operating Profit
- —
- OPM %
- —
- Other Income
- 747
- Interest
- 0
- Depreciation
- 185
- 1,844
- Tax %
- 25.52%
- Net Profit
- 1,384
- 21
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,629
- 5,071
- Operating Profit
- —
- OPM %
- —
- Other Income
- 888
- Interest
- 0
- Depreciation
- 226
- 2,220
- Tax %
- 25.14%
- Net Profit
- 1,669
- 25
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,699
- 5,828
- Operating Profit
- —
- OPM %
- —
- Other Income
- 914
- Interest
- 1
- Depreciation
- 310
- 2,474
- Tax %
- 25.07%
- Net Profit
- 1,867
- 28
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,942
- 8,884
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,151
- Interest
- 4
- Depreciation
- 634
- 5,571
- Tax %
- 24.91%
- Net Profit
- 4,196
- 63
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,515
- 4,293
- Operating Profit
- —
- OPM %
- —
- Other Income
- 900
- Interest
- 0
- Depreciation
- 304
- 2,134
- Tax %
- 25.52%
- Net Profit
- 1,590
- 2
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 17,950 | 18,520 | 20,008 | 21,445 | 22,882 | 24,620 | 26,927 | 30,381 | 30,981 | 33,089 | 33,785 | |
| 14,687 | 15,071 | 15,457 | 16,531 | 17,538 | 19,204 | 20,242 | 20,630 | 21,360 | 23,301 | 24,075 | |
| Operating Profit | 4,304 | 4,211 | 4,927 | 5,211 | 5,701 | 6,401 | 8,356 | 11,648 | 12,183 | 13,487 | — |
| OPM % | 24 | 23 | 25 | 24 | 25 | 26 | 31 | 38 | 39 | 41 | — |
| Other Income | 1,042 | 762 | 376 | 297 | 357 | 985 | 1,670 | 1,897 | 2,562 | 3,699 | 3,852 |
| Interest | 16 | 35 | 178 | 360 | 267 | 65 | 64 | 43 | 22 | 24 | 6 |
| Depreciation | 713 | 947 | 1,025 | 999 | 1,158 | 1,111 | 1,785 | 1,407 | 1,340 | 1,355 | 1,474 |
| 3,592 | 3,243 | 3,725 | 3,979 | 4,283 | 5,225 | 6,510 | 10,225 | 10,867 | 12,152 | 12,399 | |
| Tax % | 27 | 39 | 37 | 28 | 24 | 3 | 10 | 25 | 23 | 25 | 25 |
| Net Profit | 2,625 | 1,990 | 2,328 | 2,883 | 3,246 | 5,080 | 5,828 | 7,621 | 8,364 | 9,116 | 9,288 |
| EPS | 73 | 56 | 70 | 86 | 97 | 152 | 87 | 114 | 125 | 136 | — |
| Dividend Payout % | 30 | 54 | 28 | 38 | 31 | 33 | 32 | 31 | 32 | 33 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 |
| Adjusted EPS | 36 | 30 | 35 | 43 | 49 | 76 | 87 | 114 | 125 | 136 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 |
| Adjusted EPS | 36 | 30 | 35 | 43 | 49 | 76 | 87 | 114 | 125 | 136 | — |
- 17,950
- 14,687
- Operating Profit
- 4,304
- OPM %
- 24
- Other Income
- 1,042
- Interest
- 16
- Depreciation
- 713
- 3,592
- Tax %
- 27
- Net Profit
- 2,625
- EPS
- 73
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- 18,520
- 15,071
- Operating Profit
- 4,211
- OPM %
- 23
- Other Income
- 762
- Interest
- 35
- Depreciation
- 947
- 3,243
- Tax %
- 39
- Net Profit
- 1,990
- EPS
- 56
- Dividend Payout %
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- 20,008
- 15,457
- Operating Profit
- 4,927
- OPM %
- 25
- Other Income
- 376
- Interest
- 178
- Depreciation
- 1,025
- 3,725
- Tax %
- 37
- Net Profit
- 2,328
- EPS
- 70
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- 21,445
- 16,531
- Operating Profit
- 5,211
- OPM %
- 24
- Other Income
- 297
- Interest
- 360
- Depreciation
- 999
- 3,979
- Tax %
- 28
- Net Profit
- 2,883
- EPS
- 86
- Dividend Payout %
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 43
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 43
- 22,882
- 17,538
- Operating Profit
- 5,701
- OPM %
- 25
- Other Income
- 357
- Interest
- 267
- Depreciation
- 1,158
- 4,283
- Tax %
- 24
- Net Profit
- 3,246
- EPS
- 97
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- 24,620
- 19,204
- Operating Profit
- 6,401
- OPM %
- 26
- Other Income
- 985
- Interest
- 65
- Depreciation
- 1,111
- 5,225
- Tax %
- 3
- Net Profit
- 5,080
- EPS
- 152
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 76
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 76
- 26,927
- 20,242
- Operating Profit
- 8,356
- OPM %
- 31
- Other Income
- 1,670
- Interest
- 64
- Depreciation
- 1,785
- 6,510
- Tax %
- 10
- Net Profit
- 5,828
- EPS
- 87
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 87
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 87
- 30,381
- 20,630
- Operating Profit
- 11,648
- OPM %
- 38
- Other Income
- 1,897
- Interest
- 43
- Depreciation
- 1,407
- 10,225
- Tax %
- 25
- Net Profit
- 7,621
- EPS
- 114
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 114
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 114
- 30,981
- 21,360
- Operating Profit
- 12,183
- OPM %
- 39
- Other Income
- 2,562
- Interest
- 22
- Depreciation
- 1,340
- 10,867
- Tax %
- 23
- Net Profit
- 8,364
- EPS
- 125
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 125
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 125
- 33,089
- 23,301
- Operating Profit
- 13,487
- OPM %
- 41
- Other Income
- 3,699
- Interest
- 24
- Depreciation
- 1,355
- 12,152
- Tax %
- 25
- Net Profit
- 9,116
- EPS
- 136
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 136
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 136
- 33,785
- 24,075
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3,852
- Interest
- 6
- Depreciation
- 1,474
- 12,399
- Tax %
- 25
- Net Profit
- 9,288
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -0
- Share of Associates
- 45
- Adjusted EPS
- —
- Minority Interest
- -0
- Share of Associates
- 45
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 16%
- 5 Years:
- 23%
- 3 Years:
- 16%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 55%
- 3 Years:
- 38%
- 1 Year:
- 12%
RETURN ON EQUITY
- 10 Years:
- 24%
- 5 Years:
- 27%
- 3 Years:
- 26%
- Last Year:
- 24%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 362 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
| 12,198 | 9,177 | 11,748 | 12,914 | 15,090 | 18,979 | 23,238 | 28,804 | 34,647 | 40,707 | |
| 950 | 764 | 4,016 | 5,886 | 9 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1,574 | 1,666 | 2,629 | 4,084 | 2,256 | 2,558 | 3,135 | 3,413 | 5,106 | 4,432 |
| 36,462 | 35,749 | 31,727 | 29,589 | 34,023 | 35,956 | 39,371 | 44,090 | 64,612 | 85,807 | |
| Total Liabilities | 51,545 | 47,689 | 50,454 | 52,807 | 51,712 | 57,826 | 66,078 | 76,641 | 1,04,699 | 1,31,280 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 7,350 | 7,566 | 7,459 | 7,357 | 7,166 | 6,766 | 6,834 | 6,737 | 6,671 | 7,293 | |
| Capital Work in Progress | 621 | 621 | 702 | 860 | 663 | 949 | 637 | 937 | 1,091 | 1,026 |
| 994 | 1,010 | 910 | 991 | 1,121 | 1,363 | 1,458 | 1,591 | 1,754 | 1,914 | |
| 21,321 | 19,358 | 19,664 | 19,436 | 16,673 | 14,347 | 12,149 | 13,218 | 21,676 | 30,851 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,617 | 4,648 | 4,066 | |
| Cash & Bank | 11,149 | 6,546 | 124 | 317 | 7,177 | 14,348 | 20,317 | 26,432 | 38,182 | 46,197 |
| 10,110 | 12,589 | 21,595 | 23,847 | 18,911 | 20,054 | 24,684 | 23,110 | 30,677 | 39,933 | |
| Total Assets | 51,545 | 47,689 | 50,454 | 52,807 | 51,712 | 57,826 | 66,078 | 76,641 | 1,04,699 | 1,31,280 |
| Total Debt | 1,022 | 905 | 4,157 | 5,927 | 51 | 47 | 49 | 49 | 50 | 55 |
| Net Working Capital | 14,590 | 10,918 | 11,455 | 10,267 | 14,964 | 19,962 | 21,050 | 26,693 | 45,999 | 71,531 |
| Contingent Liabilities | 18,489 | 9,296 | 10,574 | 11,361 | 12,312 | 14,447 | 13,168 | 12,233 | 2,301 | 2,484 |
| Book Value per Share | 347.42 | 284.44 | 361.32 | 396.20 | 461.25 | 577.56 | 704.93 | 435.69 | 523.07 | 613.67 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 1,022 | 905 | 4,157 | 5,927 | 51 | 47 | 49 | 49 | 50 | 55 |
| Net Working Capital | 14,590 | 10,918 | 11,455 | 10,267 | 14,964 | 19,962 | 21,050 | 26,693 | 45,999 | 71,531 |
| Contingent Liabilities | 18,489 | 9,296 | 10,574 | 11,361 | 12,312 | 14,447 | 13,168 | 12,233 | 2,301 | 2,484 |
| Book Value per Share | 347.42 | 284.44 | 361.32 | 396.20 | 461.25 | 577.56 | 704.93 | 435.69 | 523.07 | 613.67 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 |
- Equity Capital
- 362
- 12,198
- 950
- Trade Payables
- 1,574
- 36,462
- Total Liabilities
- 51,545
- 7,350
- Capital Work in Progress
- 621
- 994
- 21,321
- 0
- Cash & Bank
- 11,149
- 10,110
- Total Assets
- 51,545
- Total Debt
- 1,022
- Net Working Capital
- 14,590
- Contingent Liabilities
- 18,489
- Book Value per Share
- 347.42
- Face Value
- 10.00
- Total Debt
- 1,022
- Net Working Capital
- 14,590
- Contingent Liabilities
- 18,489
- Book Value per Share
- 347.42
- Face Value
- 10.00
- Equity Capital
- 334
- 9,177
- 764
- Trade Payables
- 1,666
- 35,749
- Total Liabilities
- 47,689
- 7,566
- Capital Work in Progress
- 621
- 1,010
- 19,358
- 0
- Cash & Bank
- 6,546
- 12,589
- Total Assets
- 47,689
- Total Debt
- 905
- Net Working Capital
- 10,918
- Contingent Liabilities
- 9,296
- Book Value per Share
- 284.44
- Face Value
- 10.00
- Total Debt
- 905
- Net Working Capital
- 10,918
- Contingent Liabilities
- 9,296
- Book Value per Share
- 284.44
- Face Value
- 10.00
- Equity Capital
- 334
- 11,748
- 4,016
- Trade Payables
- 2,629
- 31,727
- Total Liabilities
- 50,454
- 7,459
- Capital Work in Progress
- 702
- 910
- 19,664
- 0
- Cash & Bank
- 124
- 21,595
- Total Assets
- 50,454
- Total Debt
- 4,157
- Net Working Capital
- 11,455
- Contingent Liabilities
- 10,574
- Book Value per Share
- 361.32
- Face Value
- 10.00
- Total Debt
- 4,157
- Net Working Capital
- 11,455
- Contingent Liabilities
- 10,574
- Book Value per Share
- 361.32
- Face Value
- 10.00
- Equity Capital
- 334
- 12,914
- 5,886
- Trade Payables
- 4,084
- 29,589
- Total Liabilities
- 52,807
- 7,357
- Capital Work in Progress
- 860
- 991
- 19,436
- 0
- Cash & Bank
- 317
- 23,847
- Total Assets
- 52,807
- Total Debt
- 5,927
- Net Working Capital
- 10,267
- Contingent Liabilities
- 11,361
- Book Value per Share
- 396.20
- Face Value
- 10.00
- Total Debt
- 5,927
- Net Working Capital
- 10,267
- Contingent Liabilities
- 11,361
- Book Value per Share
- 396.20
- Face Value
- 10.00
- Equity Capital
- 334
- 15,090
- 9
- Trade Payables
- 2,256
- 34,023
- Total Liabilities
- 51,712
- 7,166
- Capital Work in Progress
- 663
- 1,121
- 16,673
- 0
- Cash & Bank
- 7,177
- 18,911
- Total Assets
- 51,712
- Total Debt
- 51
- Net Working Capital
- 14,964
- Contingent Liabilities
- 12,312
- Book Value per Share
- 461.25
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 14,964
- Contingent Liabilities
- 12,312
- Book Value per Share
- 461.25
- Face Value
- 10.00
- Equity Capital
- 334
- 18,979
- 0
- Trade Payables
- 2,558
- 35,956
- Total Liabilities
- 57,826
- 6,766
- Capital Work in Progress
- 949
- 1,363
- 14,347
- 0
- Cash & Bank
- 14,348
- 20,054
- Total Assets
- 57,826
- Total Debt
- 47
- Net Working Capital
- 19,962
- Contingent Liabilities
- 14,447
- Book Value per Share
- 577.56
- Face Value
- 10.00
- Total Debt
- 47
- Net Working Capital
- 19,962
- Contingent Liabilities
- 14,447
- Book Value per Share
- 577.56
- Face Value
- 10.00
- Equity Capital
- 334
- 23,238
- 0
- Trade Payables
- 3,135
- 39,371
- Total Liabilities
- 66,078
- 6,834
- Capital Work in Progress
- 637
- 1,458
- 12,149
- 0
- Cash & Bank
- 20,317
- 24,684
- Total Assets
- 66,078
- Total Debt
- 49
- Net Working Capital
- 21,050
- Contingent Liabilities
- 13,168
- Book Value per Share
- 704.93
- Face Value
- 10.00
- Total Debt
- 49
- Net Working Capital
- 21,050
- Contingent Liabilities
- 13,168
- Book Value per Share
- 704.93
- Face Value
- 10.00
- Equity Capital
- 334
- 28,804
- 0
- Trade Payables
- 3,413
- 44,090
- Total Liabilities
- 76,641
- 6,737
- Capital Work in Progress
- 937
- 1,591
- 13,218
- 4,617
- Cash & Bank
- 26,432
- 23,110
- Total Assets
- 76,641
- Total Debt
- 49
- Net Working Capital
- 26,693
- Contingent Liabilities
- 12,233
- Book Value per Share
- 435.69
- Face Value
- 5.00
- Total Debt
- 49
- Net Working Capital
- 26,693
- Contingent Liabilities
- 12,233
- Book Value per Share
- 435.69
- Face Value
- 5.00
- Equity Capital
- 334
- 34,647
- 0
- Trade Payables
- 5,106
- 64,612
- Total Liabilities
- 1,04,699
- 6,671
- Capital Work in Progress
- 1,091
- 1,754
- 21,676
- 4,648
- Cash & Bank
- 38,182
- 30,677
- Total Assets
- 1,04,699
- Total Debt
- 50
- Net Working Capital
- 45,999
- Contingent Liabilities
- 2,301
- Book Value per Share
- 523.07
- Face Value
- 5.00
- Total Debt
- 50
- Net Working Capital
- 45,999
- Contingent Liabilities
- 2,301
- Book Value per Share
- 523.07
- Face Value
- 5.00
- Equity Capital
- 334
- 40,707
- 0
- Trade Payables
- 4,432
- 85,807
- Total Liabilities
- 1,31,280
- 7,293
- Capital Work in Progress
- 1,026
- 1,914
- 30,851
- 4,066
- Cash & Bank
- 46,197
- 39,933
- Total Assets
- 1,31,280
- Total Debt
- 55
- Net Working Capital
- 71,531
- Contingent Liabilities
- 2,484
- Book Value per Share
- 613.67
- Face Value
- 5.00
- Total Debt
- 55
- Net Working Capital
- 71,531
- Contingent Liabilities
- 2,484
- Book Value per Share
- 613.67
- Face Value
- 5.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -404 | -748 | -7,700 | 1,527 | 15,117 | 10,173 | 8,830 | 8,223 | 13,643 | 10,906 | |
| Cash from Investing | 3,012 | 597 | 5,294 | -1,339 | -1,180 | -12,785 | -5,728 | -6,410 | -10,771 | -8,337 |
| Cash from Financing | -164 | -2,540 | 2,326 | 64 | -7,070 | -1,464 | -1,731 | -1,999 | -2,579 | -3,350 |
| 2,443 | -2,691 | -80 | 252 | 6,867 | -4,076 | 1,370 | -186 | 294 | -781 | |
| Free Cash Flow | -404 | -1,932 | -8,925 | 441 | 14,322 | 9,056 | 7,288 | 6,612 | 12,213 | 9,080 |
| OCF / Net Profit | -0.15 | -0.38 | -3.31 | 0.53 | 4.66 | 2.00 | 1.52 | 1.08 | 1.63 | 1.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 3,501 | 12,962 | 22,182 | 37,719 | 49,490 | 44,249 |
| OCF / Net Profit | -0.15 | -0.38 | -3.31 | 0.53 | 4.66 | 2.00 | 1.52 | 1.08 | 1.63 | 1.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 3,501 | 12,962 | 22,182 | 37,719 | 49,490 | 44,249 |
- -404
- Cash from Investing
- 3,012
- Cash from Financing
- -164
- 2,443
- Free Cash Flow
- -404
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- 0
- -748
- Cash from Investing
- 597
- Cash from Financing
- -2,540
- -2,691
- Free Cash Flow
- -1,932
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- 0
- -7,700
- Cash from Investing
- 5,294
- Cash from Financing
- 2,326
- -80
- Free Cash Flow
- -8,925
- OCF / Net Profit
- -3.31
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.31
- Cumulative 5-Year FCF
- 0
- 1,527
- Cash from Investing
- -1,339
- Cash from Financing
- 64
- 252
- Free Cash Flow
- 441
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
- 15,117
- Cash from Investing
- -1,180
- Cash from Financing
- -7,070
- 6,867
- Free Cash Flow
- 14,322
- OCF / Net Profit
- 4.66
- Cumulative 5-Year FCF
- 3,501
- OCF / Net Profit
- 4.66
- Cumulative 5-Year FCF
- 3,501
- 10,173
- Cash from Investing
- -12,785
- Cash from Financing
- -1,464
- -4,076
- Free Cash Flow
- 9,056
- OCF / Net Profit
- 2.00
- Cumulative 5-Year FCF
- 12,962
- OCF / Net Profit
- 2.00
- Cumulative 5-Year FCF
- 12,962
- 8,830
- Cash from Investing
- -5,728
- Cash from Financing
- -1,731
- 1,370
- Free Cash Flow
- 7,288
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 22,182
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 22,182
- 8,223
- Cash from Investing
- -6,410
- Cash from Financing
- -1,999
- -186
- Free Cash Flow
- 6,612
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 37,719
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 37,719
- 13,643
- Cash from Investing
- -10,771
- Cash from Financing
- -2,579
- 294
- Free Cash Flow
- 12,213
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 49,490
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 49,490
- 10,906
- Cash from Investing
- -8,337
- Cash from Financing
- -3,350
- -781
- Free Cash Flow
- 9,080
- OCF / Net Profit
- 1.20
- Cumulative 5-Year FCF
- 44,249
- OCF / Net Profit
- 1.20
- Cumulative 5-Year FCF
- 44,249
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 72.61 | 59.53 | 69.64 | 86.21 | 97.07 | 151.92 | 174.28 | 113.95 | 125.07 | 136.30 |
| Book Value (₹) | 347.42 | 284.44 | 361.32 | 396.20 | 461.25 | 577.56 | 704.93 | 435.69 | 523.07 | 613.67 |
| Dividend per Share (₹) | 22.10 | 32.20 | 19.80 | 33.00 | 30.00 | 50.00 | 55.00 | 35.00 | 40.00 | 45.00 |
| Cash EPS (₹) | 46.16 | 43.92 | 50.15 | 58.03 | 65.84 | 92.56 | 113.83 | 134.99 | 145.11 | 156.56 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 23.20% | 22.61% | 24.62% | 24.30% | 24.92% | 26.00% | 31.03% | 32.10% | 31.05% | 29.58% |
| Net Margin % | 14.15% | 10.69% | 11.64% | 13.44% | 14.18% | 20.63% | 21.64% | 25.08% | 27.00% | 27.55% |
| ROE % | 22.25% | 18.04% | 21.57% | 22.76% | 22.64% | 29.25% | 27.18% | 28.92% | 26.09% | 23.98% |
| ROCE % | 29.22% | 27.31% | 29.28% | 24.50% | 26.26% | 30.37% | 30.59% | 38.89% | 33.91% | 31.99% |
| 4.86% | 4.01% | 4.74% | 5.58% | 6.21% | 9.28% | 9.41% | 10.68% | 9.22% | 7.73% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 89 | 108 | 175 | 202 | 135 | 76 | 63 | 56 | 55 | 48 |
| Inventory Days | 446 | 399 | 356 | 333 | 288 | 230 | 180 | 152 | 206 | 290 |
| Payable Days | 74 | 67 | 89 | 131 | 103 | 88 | 103 | 108 | 127 | 121 |
| 461 | 439 | 442 | 404 | 319 | 219 | 140 | 100 | 134 | 217 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.08x | 0.10x | 0.34x | 0.45x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 219.34x | 94.66x | 21.97x | 12.06x | 17.05x | 81.08x | 102.06x | 240.85x | 503.65x | 518.10x |
| 1.57x | 1.42x | 1.41x | 1.33x | 1.59x | 1.80x | 1.68x | 1.73x | 2.04x | 2.61x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 7.11% | 3.17% | 8.04% | 7.18% | 6.70% | 7.59% | 9.37% | 12.83% | 1.97% | 6.80% |
| Operating Profit Growth % | 5.75% | -2.18% | 17.01% | 5.77% | 9.42% | 12.26% | 30.55% | 39.40% | 4.59% | 10.70% |
| Net Profit Growth % | 30.96% | -24.18% | 16.99% | 23.80% | 12.59% | 56.52% | 14.72% | 30.77% | 9.75% | 8.98% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -34.61% | 9.75% | 8.98% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.20x | 33.39x | 25.58x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.64x | 7.98x | 5.68x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.05% | 0.96% | 1.29% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.84x | 19.79x | 13.87x |
- EPS (₹)
- 72.61
- Book Value (₹)
- 347.42
- Dividend per Share (₹)
- 22.10
- Cash EPS (₹)
- 46.16
- Operating Margin %
- 23.20%
- Net Margin %
- 14.15%
- ROE %
- 22.25%
- ROCE %
- 29.22%
- 4.86%
- Debtor Days
- 89
- Inventory Days
- 446
- Payable Days
- 74
- 461
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 219.34x
- 1.57x
- Revenue Growth %
- 7.11%
- Operating Profit Growth %
- 5.75%
- Net Profit Growth %
- 30.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 59.53
- Book Value (₹)
- 284.44
- Dividend per Share (₹)
- 32.20
- Cash EPS (₹)
- 43.92
- Operating Margin %
- 22.61%
- Net Margin %
- 10.69%
- ROE %
- 18.04%
- ROCE %
- 27.31%
- 4.01%
- Debtor Days
- 108
- Inventory Days
- 399
- Payable Days
- 67
- 439
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 94.66x
- 1.42x
- Revenue Growth %
- 3.17%
- Operating Profit Growth %
- -2.18%
- Net Profit Growth %
- -24.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 69.64
- Book Value (₹)
- 361.32
- Dividend per Share (₹)
- 19.80
- Cash EPS (₹)
- 50.15
- Operating Margin %
- 24.62%
- Net Margin %
- 11.64%
- ROE %
- 21.57%
- ROCE %
- 29.28%
- 4.74%
- Debtor Days
- 175
- Inventory Days
- 356
- Payable Days
- 89
- 442
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 21.97x
- 1.41x
- Revenue Growth %
- 8.04%
- Operating Profit Growth %
- 17.01%
- Net Profit Growth %
- 16.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 86.21
- Book Value (₹)
- 396.20
- Dividend per Share (₹)
- 33.00
- Cash EPS (₹)
- 58.03
- Operating Margin %
- 24.30%
- Net Margin %
- 13.44%
- ROE %
- 22.76%
- ROCE %
- 24.50%
- 5.58%
- Debtor Days
- 202
- Inventory Days
- 333
- Payable Days
- 131
- 404
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 12.06x
- 1.33x
- Revenue Growth %
- 7.18%
- Operating Profit Growth %
- 5.77%
- Net Profit Growth %
- 23.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 97.07
- Book Value (₹)
- 461.25
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 65.84
- Operating Margin %
- 24.92%
- Net Margin %
- 14.18%
- ROE %
- 22.64%
- ROCE %
- 26.26%
- 6.21%
- Debtor Days
- 135
- Inventory Days
- 288
- Payable Days
- 103
- 319
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 17.05x
- 1.59x
- Revenue Growth %
- 6.70%
- Operating Profit Growth %
- 9.42%
- Net Profit Growth %
- 12.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 151.92
- Book Value (₹)
- 577.56
- Dividend per Share (₹)
- 50.00
- Cash EPS (₹)
- 92.56
- Operating Margin %
- 26.00%
- Net Margin %
- 20.63%
- ROE %
- 29.25%
- ROCE %
- 30.37%
- 9.28%
- Debtor Days
- 76
- Inventory Days
- 230
- Payable Days
- 88
- 219
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 81.08x
- 1.80x
- Revenue Growth %
- 7.59%
- Operating Profit Growth %
- 12.26%
- Net Profit Growth %
- 56.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 174.28
- Book Value (₹)
- 704.93
- Dividend per Share (₹)
- 55.00
- Cash EPS (₹)
- 113.83
- Operating Margin %
- 31.03%
- Net Margin %
- 21.64%
- ROE %
- 27.18%
- ROCE %
- 30.59%
- 9.41%
- Debtor Days
- 63
- Inventory Days
- 180
- Payable Days
- 103
- 140
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 102.06x
- 1.68x
- Revenue Growth %
- 9.37%
- Operating Profit Growth %
- 30.55%
- Net Profit Growth %
- 14.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 113.95
- Book Value (₹)
- 435.69
- Dividend per Share (₹)
- 35.00
- Cash EPS (₹)
- 134.99
- Operating Margin %
- 32.10%
- Net Margin %
- 25.08%
- ROE %
- 28.92%
- ROCE %
- 38.89%
- 10.68%
- Debtor Days
- 56
- Inventory Days
- 152
- Payable Days
- 108
- 100
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 240.85x
- 1.73x
- Revenue Growth %
- 12.83%
- Operating Profit Growth %
- 39.40%
- Net Profit Growth %
- 30.77%
- -34.61%
- P/E (x)
- 29.20x
- P/B (x)
- 7.64x
- Dividend Yield %
- 1.05%
- 16.84x
- EPS (₹)
- 125.07
- Book Value (₹)
- 523.07
- Dividend per Share (₹)
- 40.00
- Cash EPS (₹)
- 145.11
- Operating Margin %
- 31.05%
- Net Margin %
- 27.00%
- ROE %
- 26.09%
- ROCE %
- 33.91%
- 9.22%
- Debtor Days
- 55
- Inventory Days
- 206
- Payable Days
- 127
- 134
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 503.65x
- 2.04x
- Revenue Growth %
- 1.97%
- Operating Profit Growth %
- 4.59%
- Net Profit Growth %
- 9.75%
- 9.75%
- P/E (x)
- 33.39x
- P/B (x)
- 7.98x
- Dividend Yield %
- 0.96%
- 19.79x
- EPS (₹)
- 136.30
- Book Value (₹)
- 613.67
- Dividend per Share (₹)
- 45.00
- Cash EPS (₹)
- 156.56
- Operating Margin %
- 29.58%
- Net Margin %
- 27.55%
- ROE %
- 23.98%
- ROCE %
- 31.99%
- 7.73%
- Debtor Days
- 48
- Inventory Days
- 290
- Payable Days
- 121
- 217
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 518.10x
- 2.61x
- Revenue Growth %
- 6.80%
- Operating Profit Growth %
- 10.70%
- Net Profit Growth %
- 8.98%
- 8.98%
- P/E (x)
- 25.58x
- P/B (x)
- 5.68x
- Dividend Yield %
- 1.29%
- 13.87x
Documents
Announcements
- Updates
2026-08-20 - Hindustan Aeronautics Limited has informed the Exchange regarding 'General Updates'.
- Outcome of Board Meeting
2026-08-12 - Hindustan Aeronautics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
- Credit Rating
2026-03-10 - Hindustan Aeronautics Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-09-25 - Hindustan Aeronautics Limited has informed the Exchange about Credit Rating
Concalls
May 2026
May 2025
May 2024

