Is Hindustan Aeronautics a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindustan Aeronautics Ltd is a good quality company .

Is Hindustan Aeronautics undervalued or overvalued?

The key valuation ratios of Hindustan Aeronautics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Hindustan Aeronautics share price return in the past 10 years?

Data is not available for this company

Is Hindustan Aeronautics a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindustan Aeronautics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Hindustan Aeronautics?

The latest standalone P/E ratio of Hindustan Aeronautics as of 21-Nov-2024 is 32.03.

What is the P/B ratio of Hindustan Aeronautics?

The latest standalone P/B ratio of Hindustan Aeronautics as of 21-Nov-2024 is 8.73.

What is the 52-week high and low of Hindustan Aeronautics?

The 52-week high of Hindustan Aeronautics is Rs. 5675.00 and the 52-week low is Rs. 2088.05.

Hindustan Aeronautics Ltd - Stock Valuation and Financial Performance

Name: Hindustan Aeronautics
Brand: Hindustan Aeronautics

BSE: 541154 | NSE: HAL | Defence | Large Cap

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Hindustan Aeron Share Price

₹3,992.35 -64.65 -1.59%
as on 21-Nov'24 15:40

10 Year X-Ray of Hindustan Aeron:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.9%	22.9%	29.2%	27.3%	29.3%	24.5%	26.3%	30.4%	30.6%	38.9%	-
Value Creation Index ⓘ	0.7	1.0	1.6	1.4	1.6	1.2	1.3	1.7	1.7	2.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	15,939	16,759	17,950	18,520	20,008	21,445	22,882	24,620	26,927	30,381	31,154
Sales YoY Gr.	-	5.1%	7.1%	3.2%	8%	7.2%	6.7%	7.6%	9.4%	12.8%	-
Adj EPS ⓘ	24.4	29.1	35.6	30.2	34.9	43.6	48.5	75.6	88.4	113.7	127.4
YoY Gr.	-	19.5%	22.5%	-15.3%	15.7%	24.7%	11.3%	55.8%	17%	28.6%	-
BVPS (₹) ⓘ	174.3	152.6	173.7	142.2	180.7	198.1	230.6	288.8	352.5	435.7	466.5
Adj Net Profit ⓘ	2,347	2,103	2,576	2,020	2,336	2,914	3,242	5,053	5,911	7,604	8,518
Cash Flow from Ops. ⓘ	-8,882	3,148	-405	-748	-7,700	1,527	15,117	10,173	8,830	8,223	-
Debt/CF from Ops. ⓘ	-0	0	-2.5	-1.2	-0.5	3.9	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.4%	8.7%	9.9%	12.8%
Adj EPS ⓘ	18.7%	26.6%	32.9%	28.6%
BVPSⓘ	10.7%	19.3%	23.6%	23.6%
Share Price	-	58.3%	79.7%	86.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	14	15.1	21.8	18.3	21.6	23	22.6	29.1	27.6	28.9	28.2
Op. Profit Mgn % ⓘ	14.5	13.6	18.2	18.9	22.8	23.7	23.4	22	25.3	32.1	32
Net Profit Mgn % ⓘ	14.7	12.6	14.4	10.9	11.7	13.6	14.2	20.5	22	25	27.3
Debt to Equity ⓘ	0	0	0.1	0.1	0.3	0.5	0	0	0	0	0
Working Cap Days ⓘ	0	774	640	605	653	703	609	498	464	450	362
Cash Conv. Cycle ⓘ	0	583	488	467	480	458	357	253	184	145	152

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 32.86%

Sales growth is good in last 4 quarters at 10.57%

Return on Equity has declined versus last 3 years average to 28.20%

Sales growth has been subdued in last 3 years 9.91%

Latest Financials - Hindustan Aeronautics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	126.7	127.4
TTM Sales (₹ Cr.)	31,154	31,154
BVPS (₹.) ⓘ	464.8	466.5
Reserves (₹ Cr.) ⓘ	30,751	30,865
P/BV ⓘ	8.73	8.70
PE ⓘ	32.03	31.85

From the Market
52 Week Low / High (₹)	2088.05 / 5675.00
All Time Low / High (₹)	224.00 / 5675.00
Market Cap (₹ Cr.)	2,71,322
Equity (₹ Cr.)	334.4
Face Value (₹)	5
Industry PE ⓘ	35.5

Management X-Ray of Hindustan Aeron:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Hindustan Aeron

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Hindustan Aeron

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	15,939	16,759	17,950	18,520	20,008	21,445	22,882	24,620	26,927	30,381
Operating Expenses ⓘ	13,555	14,621	14,687	15,071	15,457	16,531	17,538	19,204	20,242	20,630
Manufacturing Costs	848	996	914	977	859	688	724	737	734	985
Material Costs	8,329	8,613	9,206	8,774	8,835	9,387	11,191	10,001	10,102	11,059
Employee Cost	3,403	3,273	3,569	4,308	4,311	4,778	4,305	4,604	4,910	5,291
Other Costs ⓘ	975	1,739	998	1,012	1,452	1,678	1,317	3,862	4,495	3,295
Operating Profit ⓘ	2,384	2,138	3,263	3,449	4,551	4,914	5,344	5,416	6,686	9,752
Operating Profit Margin (%)	15.0%	12.8%	18.2%	18.6%	22.7%	22.9%	23.4%	22.0%	24.8%	32.1%
Other Income ⓘ	1,649	1,932	1,042	762	376	297	357	985	1,670	1,897
Interest ⓘ	21	6	16	35	178	360	267	65	64	43
Depreciation ⓘ	822	863	713	947	1,025	999	1,158	1,111	1,785	1,407
Exceptional Items ⓘ	2	0	0	0	0	119	2	0	0	0
Profit Before Tax ⓘ	3,191	3,213	3,592	3,243	3,725	3,979	4,283	5,225	6,510	10,225
Tax ⓘ	792	1,209	967	1,252	1,396	1,096	1,038	145	682	2,604
Profit After Tax	2,399	2,004	2,625	1,990	2,328	2,883	3,246	5,080	5,828	7,621
PAT Margin (%)	15.1%	12.0%	14.6%	10.7%	11.6%	13.4%	14.2%	20.6%	21.6%	25.1%
Adjusted EPS (₹)	24.9	27.7	36.3	29.8	34.8	43.1	48.5	76.0	87.1	114.0
Dividend Payout Ratio (%)	20%	31%	30%	54%	28%	38%	31%	33%	32%	31%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	16,804	11,032	12,559	9,511	12,082	13,249	15,424	19,313	23,572	29,138
Share Capital ⓘ	482	362	362	334	334	334	334	334	334	334
Reserves ⓘ	16,322	10,671	12,198	9,177	11,748	12,914	15,090	18,979	23,238	28,804
Minority Interest	0	0	0	-0	4	4	4	4	4	4
Debt	165	0	950	864	4,116	5,887	9	0	0	0
Long Term Debt	107	0	0	100	100	0	0	0	0	0
Short Term Debt	58	0	950	764	4,016	5,887	9	0	0	0
Trade Payables	2,342	2,151	1,574	1,666	2,629	4,084	2,256	2,558	3,135	3,413
Others Liabilities ⓘ	45,029	43,348	36,462	35,649	31,622	29,584	34,019	35,952	39,367	44,086
Total Liabilities ⓘ	64,339	56,532	51,545	47,689	50,454	52,807	51,712	57,826	66,078	76,641
Fixed Assets
Gross Block	13,267	13,325	8,924	10,108	11,251	12,180	13,172	14,003	15,857	17,168
Accumulated Depreciation	5,901	6,690	1,532	2,478	3,497	4,488	5,608	6,707	7,893	9,290
Net Fixed Assetsⓘ	7,366	6,635	7,392	7,630	7,754	7,692	7,564	7,296	7,964	7,878
CWIP ⓘ	235	1,401	1,389	1,462	1,502	2,043	1,950	2,473	1,885	2,493
Investmentsⓘ	570	916	994	1,010	910	991	1,121	1,363	1,458	1,591
Inventories	25,188	23,982	21,321	19,358	19,664	19,436	16,673	14,347	12,149	13,218
Trade Receivables	6,307	4,837	4,220	6,752	12,458	11,235	5,668	4,642	4,719	4,617
Cash Equivalents ⓘ	17,768	13,303	11,149	6,546	124	317	7,177	14,348	20,317	26,432
Others Assetsⓘ	6,905	5,458	5,080	4,933	8,043	11,095	11,558	13,358	17,587	20,412
Total Assets ⓘ	64,339	56,532	51,545	47,689	50,454	52,807	51,712	57,826	66,078	76,641

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-8,882	3,148	-405	-748	-7,700	1,527	15,117	10,173	8,830	8,223
PBT ⓘ	3,191	3,223	3,601	3,243	3,725	3,979	4,283	5,225	6,510	10,225
Adjustment ⓘ	-800	875	1,542	2,086	2,481	2,552	2,461	4,387	4,624	3,092
Changes in Working Capital ⓘ	-10371	-90	-4510	-4566	-12814	-3183	9248	1589	452	-3125
Tax Paid ⓘ	-902	-861	-1,037	-1,510	-1,092	-1,820	-875	-1,027	-2,756	-1,969
Cash Flow From Investing Activity ⓘ	710	1,347	3,012	597	5,294	-1,339	-1,180	-12,785	-5,728	-6,410
Capex	-883	-1,471	-1,502	-1,253	-1,393	-1,379	-1,207	-1,497	-1,776	-1,747
Net Investments	-38	2,818	4,514	1,848	6,424	-17	-61	-11,491	-4,693	-6,412
Others ⓘ	1,630	0	0	1	264	58	88	203	741	1,749
Cash Flow From Financing Activityⓘ	-1,274	-5,880	-164	-2,540	2,326	64	-7,070	-1,464	-1,731	-1,999
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-15	0	-10	-29	-170	-348	-204	-117	-56	-26
Dividend Paid ⓘ	-578	0	-1,104	-1,295	-798	-1,340	-1,003	-1,338	-1,672	-1,973
Others ⓘ	-681	-5,880	950	-1,217	3,294	1,753	-5,863	-9	-4	0
Net Cash Flow ⓘ	-9,446	-1,385	2,443	-2,691	-80	252	6,867	-4,076	1,370	-186

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.28	14.4	22.25	18.04	21.57	22.76	22.64	29.25	27.18	28.92
ROCE (%)	18.91	22.91	29.22	27.31	29.28	24.5	26.26	30.37	30.59	38.89
Asset Turnover Ratio	0.25	0.28	0.34	0.38	0.41	0.42	0.44	0.45	0.43	0.43
PAT to CFO Conversion(x)	-3.7	1.57	-0.15	-0.38	-3.31	0.53	4.66	2	1.52	1.08
Working Capital Days
Receivable Days	144	119	89	108	175	202	135	76	63	56
Inventory Days	577	523	446	399	356	333	288	230	180	152
Payable Days	103	95	74	67	89	131	103	88	103	108

Hindustan Aeronautics Ltd Stock News

Hindustan Aeronautics Ltd FAQs

What is the share price of Hindustan Aeron?

Company share prices are keep on changing according to the market conditions. The closing price of Hindustan Aeron on 21-Nov-2024 15:40 is ₹3,992.4.

What is the market cap of Hindustan Aeron?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:40 the market cap of Hindustan Aeron stood at ₹2,71,322.

What is the P/E ratio of Hindustan Aeron?

The latest P/E ratio of Hindustan Aeron as of 21-Nov-2024 15:40 is 32.03.

What is the P/B ratio of Hindustan Aeron?

The latest P/B ratio of Hindustan Aeron as of 21-Nov-2024 15:40 is 8.73.

What is the 52-week high and low of Hindustan Aeron?

The 52-week high of Hindustan Aeron is ₹5,675 and the 52-week low is ₹2,088.1.

What is the TTM revenue of Hindustan Aeron?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hindustan Aeron is ₹31,154 ( Cr.) .

About Hindustan Aeronautics Ltd

Hindustan Aeronautics Limited (HAL) is a limited Company incorporated in India. It is presently a Government Company within the meaning of Section 2(45) of the Companies Act, 2013 as the President of India acting through the Ministry of Defense (MoD) holds 89.97% equity shares of the Company.

Hindustan Aeronautics has been conferred with the ‘Navratna’ status by the GoI in June 2007 and is the largest DPSU in terms of value of production according to the MoD Annual Report 2016-2017. It was the largest aerospace company in the world in terms of revenue in 2016 according to Flight International. Its operations is organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include many production divisions and various research and design centres (R&D Centres) located across India. It rely on indigenous research as well as enter into technology transfer and licence agreements to manufacture its products.

Business area of the company

HAL is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Company has been set up to meet the requirement of Indian Defense Forces (namely Indian Airforce, Indian Navy, Indian Army and Coast Guard) in the area of Aerospace.
Products and services offered by the company

Products

Aircrafts
Helicopters
Future Products
Power Point
Avionics
System and Accessories
Aerospace
Materials

Services

Aircraft MRO
Helicopters MRO
Power Plant Services
Systems, Accessories and Avionics

Exports

Aerostructures
Software
Dornier-228
Spares & Services
Helicopters
Engines
Avionics
Casting/Forgings

Awards

FY2017-18

The President of India, Shri Pranab Mukherjee honored HAL with ‘SCOPE Meritorious Award 2014-15’ for Corporate Governance at New Delhi on April 11, 2017.
HAL has been conferred ‘Golden Peacock Innovative Product/ Service Award - 2017’ by the Institute of Directors during its ‘Dubai Global Convention - 2017’ held on April 19, 2017.
HAL has been conferred ‘Raksha Mantri’s awards for Excellence’ for the year 2015-16 by Shri Arun Jaitley, Defence Minister in New Delhi on May 30, 2017.
Shri T Suvarna Raju, CMD, has been conferred the ‘Digital Transformer Award 2017’ by International Data Corporation (IDC) at New Delhi on August 4, 2017.

FY2018-19

Golden Peacock Innovative Product / Service Award for the year 2018 for the project ‘Repair of Non ToT Test equipment ARM-RLSU (SNK-30 MK) used for checking of Radar Complex of Su-30 MKI Aircraft, during the global Convention held between 17th and April 19, 2018 at Dubai.
Star Performer Award for the year 2016-17 in the Product Group - Defence Related Items, Large Enterprise, was presented by the Engineering Export Promotion Council (EEPC) India on May 31, 2018 at New Delhi.
The Gold Trophy in recognition of outstanding contribution to Skill Development was awarded to HAL in the Best PSU- Public Sector Training Programme” category, during the Summit-cum-Awards function on Skilling India, organised by ASSOCHAM on November 01, 2018 at New Delhi.
‘Governance Now’ 6th PSU Award Teconology Adaption under Navratna Category at New Delhi on January 17, 2019

FY2019-20

HAL received SCOPE Corporate Communications Excellence Award 2019 on August 3, 2019 at New Delhi.
HAL received Karnataka State Export Award for the year 2016-17 under the PSU category
HAL was conferred with Governance Now 7th 146 award for ‘Research and Innovation’ on February 19, 2020.

Major Events and Milestones:

1964: Hindustan Aircraft Limited was amalgamated with Company pursuant to the order of the Company Law Board dated September 28, 1964.
1970: Company established the Helicopter factory at Bangalore.
1983: Company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh.
1998: Company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore.
2000: Company established the Airport Service Centre at Bangalore.
2006: Company upgraded the Barrackpore Branch Factory to a Division.
2008: Company created a separate Helicopter Complex.
2015: Restructuring of all R&D Centres under Design Complex.
2016: Upgradation of the Korwa branch of Aerospace Systems and Equipment Research and Design Centre to an R&D Centre.
2016: 100% subsidiary of Company, Naini Aerospace Limited, incorporated on December 29, 2016.
2017: A subsidiary of Company, Indo-Russian Helicopters Limited, incorporated on May 2, 2017.
2018: LCA Tejas successfully completed mid air refuelling trial on September 18, 2018
2018: Astra Missile integrated in Su-30 MKI Aircraft and test fired on September 26,2018
2019: HTT-40 successfully demonstrated 6-turn spin capability at Bengaluru on October 1, 2019
2020: LCA Navy Mk-1 prototype-2 successfully demonstrated arrested landing on ship INS Vikramaditya on January 11,2020
2020: First Light Combat (LCA) in FOC standard took to the skies for maiden fight on March 17, 2020