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%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.31x)
- Company has been maintaining a healthy dividend payout of 33.2%
CONS
- A large part of profit comes from other income (30.6% of PBT)
- Recent results are weak - TTM profit is down 13.2% 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 5,977 | 6,957 | 13,700 | 4,819 | 6,628 | 7,699 | 13,943 | 5,515 | |
| 3,036 | 4,107 | 4,627 | 8,872 | 3,354 | 4,346 | 5,276 | 8,408 | 3,535 | 5,071 | 5,830 | 8,885 | 4,293 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 411 | 471 | 460 | 557 | 738 | 544 | 631 | 653 | 749 | 889 | 914 | 1,152 | 903 |
| Interest | 0 | 0 | 0 | 31 | 0 | 0 | 0 | 8 | 0 | 0 | 1 | 4 | 0 |
| Depreciation | 201 | 349 | 212 | 644 | 149 | 177 | 277 | 736 | 185 | 225 | 310 | 634 | 304 |
| 1,089 | 1,650 | 1,681 | 5,778 | 1,582 | 2,003 | 2,035 | 5,200 | 1,848 | 2,220 | 2,472 | 5,572 | 2,125 | |
| Tax % | 25.24% | 25.14% | 25.45% | 25.72% | 9.26% | 25.58% | 29.60% | 23.88% | 25.47% | 25.13% | 25.09% | 24.91% | 25.63% |
| Net Profit | 814 | 1,235 | 1,254 | 4,292 | 1,436 | 1,490 | 1,433 | 3,958 | 1,377 | 1,663 | 1,852 | 4,184 | 1,581 |
| 12 | 18 | 19 | 64 | 21 | 22 | 21 | 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
- 3,036
- Operating Profit
- —
- OPM %
- —
- Other Income
- 411
- Interest
- 0
- Depreciation
- 201
- 1,089
- Tax %
- 25.24%
- Net Profit
- 814
- 12
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,636
- 4,107
- Operating Profit
- —
- OPM %
- —
- Other Income
- 471
- Interest
- 0
- Depreciation
- 349
- 1,650
- Tax %
- 25.14%
- Net Profit
- 1,235
- 18
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,061
- 4,627
- Operating Profit
- —
- OPM %
- —
- Other Income
- 460
- Interest
- 0
- Depreciation
- 212
- 1,681
- Tax %
- 25.45%
- Net Profit
- 1,254
- 19
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,769
- 8,872
- Operating Profit
- —
- OPM %
- —
- Other Income
- 557
- Interest
- 31
- Depreciation
- 644
- 5,778
- Tax %
- 25.72%
- Net Profit
- 4,292
- 64
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,348
- 3,354
- Operating Profit
- —
- OPM %
- —
- Other Income
- 738
- Interest
- 0
- Depreciation
- 149
- 1,582
- Tax %
- 9.26%
- Net Profit
- 1,436
- 21
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,977
- 4,346
- Operating Profit
- —
- OPM %
- —
- Other Income
- 544
- Interest
- 0
- Depreciation
- 177
- 2,003
- Tax %
- 25.58%
- Net Profit
- 1,490
- 22
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,957
- 5,276
- Operating Profit
- —
- OPM %
- —
- Other Income
- 631
- Interest
- 0
- Depreciation
- 277
- 2,035
- Tax %
- 29.60%
- Net Profit
- 1,433
- 21
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,700
- 8,408
- Operating Profit
- —
- OPM %
- —
- Other Income
- 653
- Interest
- 8
- Depreciation
- 736
- 5,200
- Tax %
- 23.88%
- Net Profit
- 3,958
- 59
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,819
- 3,535
- Operating Profit
- —
- OPM %
- —
- Other Income
- 749
- Interest
- 0
- Depreciation
- 185
- 1,848
- Tax %
- 25.47%
- Net Profit
- 1,377
- 21
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,628
- 5,071
- Operating Profit
- —
- OPM %
- —
- Other Income
- 889
- Interest
- 0
- Depreciation
- 225
- 2,220
- Tax %
- 25.13%
- Net Profit
- 1,663
- 25
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,699
- 5,830
- Operating Profit
- —
- OPM %
- —
- Other Income
- 914
- Interest
- 1
- Depreciation
- 310
- 2,472
- Tax %
- 25.09%
- Net Profit
- 1,852
- 28
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 13,943
- 8,885
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,152
- Interest
- 4
- Depreciation
- 634
- 5,572
- Tax %
- 24.91%
- Net Profit
- 4,184
- 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
- 903
- Interest
- 0
- Depreciation
- 304
- 2,125
- Tax %
- 25.63%
- Net Profit
- 1,581
- 2
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 334
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 17,950 | 18,519 | 20,008 | 21,445 | 22,882 | 24,620 | 26,928 | 30,381 | 30,981 | 33,090 | 33,786 | |
| 14,682 | 15,059 | 15,440 | 16,565 | 17,541 | 19,200 | 20,258 | 20,631 | 21,371 | 23,304 | 24,079 | |
| Operating Profit | 4,312 | 4,221 | 4,944 | 5,176 | 5,699 | 6,406 | 8,341 | 11,648 | 12,175 | 13,490 | — |
| OPM % | 24 | 23 | 25 | 24 | 25 | 26 | 31 | 38 | 39 | 41 | — |
| Other Income | 1,044 | 761 | 376 | 296 | 358 | 986 | 1,672 | 1,899 | 2,566 | 3,704 | 3,858 |
| Interest | 16 | 35 | 177 | 359 | 267 | 65 | 64 | 43 | 22 | 23 | 6 |
| Depreciation | 713 | 947 | 1,024 | 998 | 1,157 | 1,110 | 1,784 | 1,406 | 1,340 | 1,354 | 1,473 |
| 3,583 | 3,240 | 3,742 | 3,938 | 4,277 | 5,231 | 6,493 | 10,199 | 10,820 | 12,112 | 12,390 | |
| Tax % | 27 | 39 | 37 | 28 | 24 | 3 | 11 | 26 | 23 | 25 | 25 |
| Net Profit | 2,616 | 1,987 | 2,346 | 2,842 | 3,239 | 5,086 | 5,811 | 7,595 | 8,317 | 9,076 | 9,279 |
| EPS | 72 | 56 | 70 | 85 | 97 | 152 | 87 | 114 | 124 | 136 | — |
| Dividend Payout % | 31 | 54 | 28 | 39 | 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 | 0 |
| Adjusted EPS | 36 | 30 | 35 | 42 | 48 | 76 | 87 | 114 | 124 | 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 | 0 |
| Adjusted EPS | 36 | 30 | 35 | 42 | 48 | 76 | 87 | 114 | 124 | 136 | — |
- 17,950
- 14,682
- Operating Profit
- 4,312
- OPM %
- 24
- Other Income
- 1,044
- Interest
- 16
- Depreciation
- 713
- 3,583
- Tax %
- 27
- Net Profit
- 2,616
- EPS
- 72
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- 18,519
- 15,059
- Operating Profit
- 4,221
- OPM %
- 23
- Other Income
- 761
- Interest
- 35
- Depreciation
- 947
- 3,240
- Tax %
- 39
- Net Profit
- 1,987
- 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
- 15,440
- Operating Profit
- 4,944
- OPM %
- 25
- Other Income
- 376
- Interest
- 177
- Depreciation
- 1,024
- 3,742
- Tax %
- 37
- Net Profit
- 2,346
- 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
- 16,565
- Operating Profit
- 5,176
- OPM %
- 24
- Other Income
- 296
- Interest
- 359
- Depreciation
- 998
- 3,938
- Tax %
- 28
- Net Profit
- 2,842
- EPS
- 85
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- 22,882
- 17,541
- Operating Profit
- 5,699
- OPM %
- 25
- Other Income
- 358
- Interest
- 267
- Depreciation
- 1,157
- 4,277
- Tax %
- 24
- Net Profit
- 3,239
- EPS
- 97
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 48
- 24,620
- 19,200
- Operating Profit
- 6,406
- OPM %
- 26
- Other Income
- 986
- Interest
- 65
- Depreciation
- 1,110
- 5,231
- Tax %
- 3
- Net Profit
- 5,086
- 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
- 26,928
- 20,258
- Operating Profit
- 8,341
- OPM %
- 31
- Other Income
- 1,672
- Interest
- 64
- Depreciation
- 1,784
- 6,493
- Tax %
- 11
- Net Profit
- 5,811
- 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
- 20,631
- Operating Profit
- 11,648
- OPM %
- 38
- Other Income
- 1,899
- Interest
- 43
- Depreciation
- 1,406
- 10,199
- Tax %
- 26
- Net Profit
- 7,595
- 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
- 21,371
- Operating Profit
- 12,175
- OPM %
- 39
- Other Income
- 2,566
- Interest
- 22
- Depreciation
- 1,340
- 10,820
- Tax %
- 23
- Net Profit
- 8,317
- EPS
- 124
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 124
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 124
- 33,090
- 23,304
- Operating Profit
- 13,490
- OPM %
- 41
- Other Income
- 3,704
- Interest
- 23
- Depreciation
- 1,354
- 12,112
- Tax %
- 25
- Net Profit
- 9,076
- 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
- 33,786
- 24,079
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3,858
- Interest
- 6
- Depreciation
- 1,473
- 12,390
- Tax %
- 25
- Net Profit
- 9,279
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 12,175 | 9,151 | 11,741 | 12,865 | 15,034 | 18,930 | 23,172 | 28,712 | 34,508 | 40,528 | |
| 950 | 764 | 4,016 | 5,886 | 9 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1,574 | 1,666 | 2,633 | 4,089 | 2,261 | 2,560 | 3,137 | 3,415 | 5,111 | 4,436 |
| 36,448 | 35,745 | 31,704 | 29,564 | 33,999 | 35,932 | 39,348 | 44,068 | 64,591 | 85,790 | |
| Total Liabilities | 51,509 | 47,661 | 50,428 | 52,740 | 51,637 | 57,755 | 65,992 | 76,529 | 1,04,545 | 1,31,089 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 7,350 | 7,566 | 7,454 | 7,351 | 7,158 | 6,758 | 6,827 | 6,730 | 6,663 | 7,287 | |
| Capital Work in Progress | 621 | 617 | 699 | 857 | 662 | 948 | 636 | 936 | 1,091 | 1,026 |
| 981 | 989 | 902 | 940 | 1,055 | 1,294 | 1,385 | 1,497 | 1,627 | 1,752 | |
| 21,340 | 19,375 | 19,685 | 19,454 | 16,689 | 14,364 | 12,161 | 13,226 | 21,676 | 30,851 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,617 | 4,648 | 4,066 | |
| Cash & Bank | 11,117 | 6,524 | 95 | 298 | 7,166 | 14,344 | 20,306 | 26,422 | 38,171 | 46,192 |
| 10,101 | 12,589 | 21,592 | 23,839 | 18,907 | 20,048 | 24,676 | 23,102 | 30,669 | 39,915 | |
| Total Assets | 51,509 | 47,661 | 50,428 | 52,740 | 51,637 | 57,755 | 65,992 | 76,529 | 1,04,545 | 1,31,089 |
| Total Debt | 1,022 | 905 | 4,157 | 5,927 | 51 | 47 | 49 | 49 | 50 | 55 |
| Net Working Capital | 14,569 | 10,914 | 11,451 | 10,264 | 14,058 | 19,978 | 21,053 | 26,693 | 45,986 | 71,525 |
| Contingent Liabilities | 18,431 | 17,015 | 16,955 | 17,385 | 11,620 | 1,558 | 221 | 401 | 557 | 512 |
| Book Value per Share | 346.79 | 283.67 | 361.10 | 394.74 | 459.59 | 576.09 | 702.96 | 434.32 | 520.99 | 611.00 |
| 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 | 14,569 | 10,914 | 11,451 | 10,264 | 14,058 | 19,978 | 21,053 | 26,693 | 45,986 | 71,525 |
| Contingent Liabilities | 18,431 | 17,015 | 16,955 | 17,385 | 11,620 | 1,558 | 221 | 401 | 557 | 512 |
| Book Value per Share | 346.79 | 283.67 | 361.10 | 394.74 | 459.59 | 576.09 | 702.96 | 434.32 | 520.99 | 611.00 |
| 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
- 12,175
- 950
- Trade Payables
- 1,574
- 36,448
- Total Liabilities
- 51,509
- 7,350
- Capital Work in Progress
- 621
- 981
- 21,340
- 0
- Cash & Bank
- 11,117
- 10,101
- Total Assets
- 51,509
- Total Debt
- 1,022
- Net Working Capital
- 14,569
- Contingent Liabilities
- 18,431
- Book Value per Share
- 346.79
- Face Value
- 10.00
- Total Debt
- 1,022
- Net Working Capital
- 14,569
- Contingent Liabilities
- 18,431
- Book Value per Share
- 346.79
- Face Value
- 10.00
- Equity Capital
- 334
- 9,151
- 764
- Trade Payables
- 1,666
- 35,745
- Total Liabilities
- 47,661
- 7,566
- Capital Work in Progress
- 617
- 989
- 19,375
- 0
- Cash & Bank
- 6,524
- 12,589
- Total Assets
- 47,661
- Total Debt
- 905
- Net Working Capital
- 10,914
- Contingent Liabilities
- 17,015
- Book Value per Share
- 283.67
- Face Value
- 10.00
- Total Debt
- 905
- Net Working Capital
- 10,914
- Contingent Liabilities
- 17,015
- Book Value per Share
- 283.67
- Face Value
- 10.00
- Equity Capital
- 334
- 11,741
- 4,016
- Trade Payables
- 2,633
- 31,704
- Total Liabilities
- 50,428
- 7,454
- Capital Work in Progress
- 699
- 902
- 19,685
- 0
- Cash & Bank
- 95
- 21,592
- Total Assets
- 50,428
- Total Debt
- 4,157
- Net Working Capital
- 11,451
- Contingent Liabilities
- 16,955
- Book Value per Share
- 361.10
- Face Value
- 10.00
- Total Debt
- 4,157
- Net Working Capital
- 11,451
- Contingent Liabilities
- 16,955
- Book Value per Share
- 361.10
- Face Value
- 10.00
- Equity Capital
- 334
- 12,865
- 5,886
- Trade Payables
- 4,089
- 29,564
- Total Liabilities
- 52,740
- 7,351
- Capital Work in Progress
- 857
- 940
- 19,454
- 0
- Cash & Bank
- 298
- 23,839
- Total Assets
- 52,740
- Total Debt
- 5,927
- Net Working Capital
- 10,264
- Contingent Liabilities
- 17,385
- Book Value per Share
- 394.74
- Face Value
- 10.00
- Total Debt
- 5,927
- Net Working Capital
- 10,264
- Contingent Liabilities
- 17,385
- Book Value per Share
- 394.74
- Face Value
- 10.00
- Equity Capital
- 334
- 15,034
- 9
- Trade Payables
- 2,261
- 33,999
- Total Liabilities
- 51,637
- 7,158
- Capital Work in Progress
- 662
- 1,055
- 16,689
- 0
- Cash & Bank
- 7,166
- 18,907
- Total Assets
- 51,637
- Total Debt
- 51
- Net Working Capital
- 14,058
- Contingent Liabilities
- 11,620
- Book Value per Share
- 459.59
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 14,058
- Contingent Liabilities
- 11,620
- Book Value per Share
- 459.59
- Face Value
- 10.00
- Equity Capital
- 334
- 18,930
- 0
- Trade Payables
- 2,560
- 35,932
- Total Liabilities
- 57,755
- 6,758
- Capital Work in Progress
- 948
- 1,294
- 14,364
- 0
- Cash & Bank
- 14,344
- 20,048
- Total Assets
- 57,755
- Total Debt
- 47
- Net Working Capital
- 19,978
- Contingent Liabilities
- 1,558
- Book Value per Share
- 576.09
- Face Value
- 10.00
- Total Debt
- 47
- Net Working Capital
- 19,978
- Contingent Liabilities
- 1,558
- Book Value per Share
- 576.09
- Face Value
- 10.00
- Equity Capital
- 334
- 23,172
- 0
- Trade Payables
- 3,137
- 39,348
- Total Liabilities
- 65,992
- 6,827
- Capital Work in Progress
- 636
- 1,385
- 12,161
- 0
- Cash & Bank
- 20,306
- 24,676
- Total Assets
- 65,992
- Total Debt
- 49
- Net Working Capital
- 21,053
- Contingent Liabilities
- 221
- Book Value per Share
- 702.96
- Face Value
- 10.00
- Total Debt
- 49
- Net Working Capital
- 21,053
- Contingent Liabilities
- 221
- Book Value per Share
- 702.96
- Face Value
- 10.00
- Equity Capital
- 334
- 28,712
- 0
- Trade Payables
- 3,415
- 44,068
- Total Liabilities
- 76,529
- 6,730
- Capital Work in Progress
- 936
- 1,497
- 13,226
- 4,617
- Cash & Bank
- 26,422
- 23,102
- Total Assets
- 76,529
- Total Debt
- 49
- Net Working Capital
- 26,693
- Contingent Liabilities
- 401
- Book Value per Share
- 434.32
- Face Value
- 5.00
- Total Debt
- 49
- Net Working Capital
- 26,693
- Contingent Liabilities
- 401
- Book Value per Share
- 434.32
- Face Value
- 5.00
- Equity Capital
- 334
- 34,508
- 0
- Trade Payables
- 5,111
- 64,591
- Total Liabilities
- 1,04,545
- 6,663
- Capital Work in Progress
- 1,091
- 1,627
- 21,676
- 4,648
- Cash & Bank
- 38,171
- 30,669
- Total Assets
- 1,04,545
- Total Debt
- 50
- Net Working Capital
- 45,986
- Contingent Liabilities
- 557
- Book Value per Share
- 520.99
- Face Value
- 5.00
- Total Debt
- 50
- Net Working Capital
- 45,986
- Contingent Liabilities
- 557
- Book Value per Share
- 520.99
- Face Value
- 5.00
- Equity Capital
- 334
- 40,528
- 0
- Trade Payables
- 4,436
- 85,790
- Total Liabilities
- 1,31,089
- 7,287
- Capital Work in Progress
- 1,026
- 1,752
- 30,851
- 4,066
- Cash & Bank
- 46,192
- 39,915
- Total Assets
- 1,31,089
- Total Debt
- 55
- Net Working Capital
- 71,525
- Contingent Liabilities
- 512
- Book Value per Share
- 611.00
- Face Value
- 5.00
- Total Debt
- 55
- Net Working Capital
- 71,525
- Contingent Liabilities
- 512
- Book Value per Share
- 611.00
- Face Value
- 5.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -423 | -734 | -7,694 | 1,537 | 15,124 | 10,180 | 8,836 | 8,226 | 13,645 | 10,920 | |
| Cash from Investing | 3,021 | 594 | 5,292 | -1,334 | -1,190 | -12,789 | -5,734 | -6,412 | -10,774 | -8,346 |
| Cash from Financing | -164 | -2,540 | 2,321 | 64 | -7,070 | -1,464 | -1,731 | -1,999 | -2,579 | -3,353 |
| 2,433 | -2,680 | -80 | 266 | 6,864 | -4,072 | 1,370 | -185 | 293 | -780 | |
| Free Cash Flow | -423 | -1,914 | -8,913 | 452 | 14,330 | 9,064 | 7,294 | 6,615 | 12,214 | 9,093 |
| OCF / Net Profit | -0.16 | -0.37 | -3.28 | 0.54 | 4.67 | 2.00 | 1.52 | 1.08 | 1.64 | 1.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 3,531 | 13,018 | 22,226 | 37,754 | 49,517 | 44,281 |
| OCF / Net Profit | -0.16 | -0.37 | -3.28 | 0.54 | 4.67 | 2.00 | 1.52 | 1.08 | 1.64 | 1.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 3,531 | 13,018 | 22,226 | 37,754 | 49,517 | 44,281 |
- -423
- Cash from Investing
- 3,021
- Cash from Financing
- -164
- 2,433
- Free Cash Flow
- -423
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- 0
- -734
- Cash from Investing
- 594
- Cash from Financing
- -2,540
- -2,680
- Free Cash Flow
- -1,914
- OCF / Net Profit
- -0.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.37
- Cumulative 5-Year FCF
- 0
- -7,694
- Cash from Investing
- 5,292
- Cash from Financing
- 2,321
- -80
- Free Cash Flow
- -8,913
- OCF / Net Profit
- -3.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.28
- Cumulative 5-Year FCF
- 0
- 1,537
- Cash from Investing
- -1,334
- Cash from Financing
- 64
- 266
- Free Cash Flow
- 452
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 0
- 15,124
- Cash from Investing
- -1,190
- Cash from Financing
- -7,070
- 6,864
- Free Cash Flow
- 14,330
- OCF / Net Profit
- 4.67
- Cumulative 5-Year FCF
- 3,531
- OCF / Net Profit
- 4.67
- Cumulative 5-Year FCF
- 3,531
- 10,180
- Cash from Investing
- -12,789
- Cash from Financing
- -1,464
- -4,072
- Free Cash Flow
- 9,064
- OCF / Net Profit
- 2.00
- Cumulative 5-Year FCF
- 13,018
- OCF / Net Profit
- 2.00
- Cumulative 5-Year FCF
- 13,018
- 8,836
- Cash from Investing
- -5,734
- Cash from Financing
- -1,731
- 1,370
- Free Cash Flow
- 7,294
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 22,226
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 22,226
- 8,226
- Cash from Investing
- -6,412
- Cash from Financing
- -1,999
- -185
- Free Cash Flow
- 6,615
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 37,754
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 37,754
- 13,645
- Cash from Investing
- -10,774
- Cash from Financing
- -2,579
- 293
- Free Cash Flow
- 12,214
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 49,517
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 49,517
- 10,920
- Cash from Investing
- -8,346
- Cash from Financing
- -3,353
- -780
- Free Cash Flow
- 9,093
- OCF / Net Profit
- 1.20
- Cumulative 5-Year FCF
- 44,281
- OCF / Net Profit
- 1.20
- Cumulative 5-Year FCF
- 44,281
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 72.35 | 59.43 | 70.16 | 84.99 | 96.88 | 152.11 | 173.78 | 113.57 | 124.36 | 135.70 |
| Book Value (₹) | 346.79 | 283.67 | 361.10 | 394.74 | 459.59 | 576.09 | 702.96 | 434.32 | 520.99 | 611.00 |
| 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 (₹) | 46.04 | 43.88 | 50.40 | 57.41 | 65.74 | 92.65 | 113.57 | 134.60 | 144.39 | 155.95 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 23.24% | 22.67% | 24.71% | 24.14% | 24.91% | 26.02% | 30.98% | 32.09% | 31.02% | 29.57% |
| Net Margin % | 14.10% | 10.67% | 11.73% | 13.25% | 14.16% | 20.66% | 21.58% | 25.00% | 26.84% | 27.43% |
| ROE % | 22.21% | 18.05% | 21.76% | 22.49% | 22.68% | 29.37% | 27.17% | 28.90% | 26.04% | 23.98% |
| ROCE % | 29.19% | 27.35% | 29.45% | 24.31% | 26.31% | 30.50% | 30.59% | 38.90% | 33.89% | 32.02% |
| 4.84% | 4.01% | 4.78% | 5.51% | 6.21% | 9.30% | 9.39% | 10.66% | 9.19% | 7.70% | |
| 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 | 126 | 121 |
| 461 | 439 | 443 | 404 | 320 | 219 | 140 | 101 | 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) | 218.79x | 94.58x | 22.08x | 11.96x | 17.04x | 81.31x | 101.90x | 240.58x | 502.86x | 517.73x |
| 1.57x | 1.42x | 1.41x | 1.33x | 1.55x | 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% | 12.82% | 1.98% | 6.81% |
| Operating Profit Growth % | 5.79% | -2.09% | 17.12% | 4.69% | 10.11% | 12.40% | 30.21% | 39.64% | 4.53% | 10.80% |
| Net Profit Growth % | 30.91% | -24.02% | 18.05% | 21.14% | 13.98% | 57.02% | 14.25% | 30.70% | 9.50% | 9.12% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -34.65% | 9.50% | 9.12% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.30x | 33.58x | 25.69x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.66x | 8.02x | 5.71x |
| 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 | 19.81x | 13.86x |
- EPS (₹)
- 72.35
- Book Value (₹)
- 346.79
- Dividend per Share (₹)
- 22.10
- Cash EPS (₹)
- 46.04
- Operating Margin %
- 23.24%
- Net Margin %
- 14.10%
- ROE %
- 22.21%
- ROCE %
- 29.19%
- 4.84%
- Debtor Days
- 89
- Inventory Days
- 446
- Payable Days
- 74
- 461
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 218.79x
- 1.57x
- Revenue Growth %
- 7.11%
- Operating Profit Growth %
- 5.79%
- Net Profit Growth %
- 30.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 59.43
- Book Value (₹)
- 283.67
- Dividend per Share (₹)
- 32.20
- Cash EPS (₹)
- 43.88
- Operating Margin %
- 22.67%
- Net Margin %
- 10.67%
- ROE %
- 18.05%
- ROCE %
- 27.35%
- 4.01%
- Debtor Days
- 108
- Inventory Days
- 399
- Payable Days
- 67
- 439
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 94.58x
- 1.42x
- Revenue Growth %
- 3.17%
- Operating Profit Growth %
- -2.09%
- Net Profit Growth %
- -24.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 70.16
- Book Value (₹)
- 361.10
- Dividend per Share (₹)
- 19.80
- Cash EPS (₹)
- 50.40
- Operating Margin %
- 24.71%
- Net Margin %
- 11.73%
- ROE %
- 21.76%
- ROCE %
- 29.45%
- 4.78%
- Debtor Days
- 175
- Inventory Days
- 356
- Payable Days
- 89
- 443
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 22.08x
- 1.41x
- Revenue Growth %
- 8.04%
- Operating Profit Growth %
- 17.12%
- Net Profit Growth %
- 18.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 84.99
- Book Value (₹)
- 394.74
- Dividend per Share (₹)
- 33.00
- Cash EPS (₹)
- 57.41
- Operating Margin %
- 24.14%
- Net Margin %
- 13.25%
- ROE %
- 22.49%
- ROCE %
- 24.31%
- 5.51%
- Debtor Days
- 202
- Inventory Days
- 333
- Payable Days
- 131
- 404
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 11.96x
- 1.33x
- Revenue Growth %
- 7.18%
- Operating Profit Growth %
- 4.69%
- Net Profit Growth %
- 21.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 96.88
- Book Value (₹)
- 459.59
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 65.74
- Operating Margin %
- 24.91%
- Net Margin %
- 14.16%
- ROE %
- 22.68%
- ROCE %
- 26.31%
- 6.21%
- Debtor Days
- 135
- Inventory Days
- 288
- Payable Days
- 103
- 320
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 17.04x
- 1.55x
- Revenue Growth %
- 6.70%
- Operating Profit Growth %
- 10.11%
- Net Profit Growth %
- 13.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 152.11
- Book Value (₹)
- 576.09
- Dividend per Share (₹)
- 50.00
- Cash EPS (₹)
- 92.65
- Operating Margin %
- 26.02%
- Net Margin %
- 20.66%
- ROE %
- 29.37%
- ROCE %
- 30.50%
- 9.30%
- Debtor Days
- 76
- Inventory Days
- 230
- Payable Days
- 88
- 219
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 81.31x
- 1.80x
- Revenue Growth %
- 7.59%
- Operating Profit Growth %
- 12.40%
- Net Profit Growth %
- 57.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 173.78
- Book Value (₹)
- 702.96
- Dividend per Share (₹)
- 55.00
- Cash EPS (₹)
- 113.57
- Operating Margin %
- 30.98%
- Net Margin %
- 21.58%
- ROE %
- 27.17%
- ROCE %
- 30.59%
- 9.39%
- Debtor Days
- 63
- Inventory Days
- 180
- Payable Days
- 103
- 140
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 101.90x
- 1.68x
- Revenue Growth %
- 9.37%
- Operating Profit Growth %
- 30.21%
- Net Profit Growth %
- 14.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 113.57
- Book Value (₹)
- 434.32
- Dividend per Share (₹)
- 35.00
- Cash EPS (₹)
- 134.60
- Operating Margin %
- 32.09%
- Net Margin %
- 25.00%
- ROE %
- 28.90%
- ROCE %
- 38.90%
- 10.66%
- Debtor Days
- 56
- Inventory Days
- 152
- Payable Days
- 108
- 101
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 240.58x
- 1.73x
- Revenue Growth %
- 12.82%
- Operating Profit Growth %
- 39.64%
- Net Profit Growth %
- 30.70%
- -34.65%
- P/E (x)
- 29.30x
- P/B (x)
- 7.66x
- Dividend Yield %
- 1.05%
- 16.84x
- EPS (₹)
- 124.36
- Book Value (₹)
- 520.99
- Dividend per Share (₹)
- 40.00
- Cash EPS (₹)
- 144.39
- Operating Margin %
- 31.02%
- Net Margin %
- 26.84%
- ROE %
- 26.04%
- ROCE %
- 33.89%
- 9.19%
- Debtor Days
- 55
- Inventory Days
- 206
- Payable Days
- 126
- 134
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 502.86x
- 2.04x
- Revenue Growth %
- 1.98%
- Operating Profit Growth %
- 4.53%
- Net Profit Growth %
- 9.50%
- 9.50%
- P/E (x)
- 33.58x
- P/B (x)
- 8.02x
- Dividend Yield %
- 0.96%
- 19.81x
- EPS (₹)
- 135.70
- Book Value (₹)
- 611.00
- Dividend per Share (₹)
- 45.00
- Cash EPS (₹)
- 155.95
- Operating Margin %
- 29.57%
- Net Margin %
- 27.43%
- ROE %
- 23.98%
- ROCE %
- 32.02%
- 7.70%
- Debtor Days
- 48
- Inventory Days
- 290
- Payable Days
- 121
- 217
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 517.73x
- 2.61x
- Revenue Growth %
- 6.81%
- Operating Profit Growth %
- 10.80%
- Net Profit Growth %
- 9.12%
- 9.12%
- P/E (x)
- 25.69x
- P/B (x)
- 5.71x
- Dividend Yield %
- 1.29%
- 13.86x
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

