Hindustan Aeronautics Limited

Hindustan Aeronautics Limited (HAL) is a large-cap Capital Goods company valued at ₹3.33 lakh crore operating in Aerospace & Defense on the NSE and BSE.

Recent price move

Hindustan Aeronautics Limited last traded at ₹4,989, modestly up 1.61% on the day.

Recent developments

2026-10-10: HAL's stock is seen as priced for perfection, with a robust ₹2.54-trillion order pipeline supporting long-term growth, but elevated valuations pose risks from supply chain bottlenecks and project delays. 2026-09-21: HAL shares rose 2% after delivering three aerospace platforms to the IAF. 2026-09-18: HAL handed over Tejas trainers and Dhruv NG helicopters to the IAF and Pawan Hans. 2026-09-17: HAL CMD Ravi K mentioned delays in LCA radar and weapon integration affecting the growth roadmap.

Financial performance

The business is improving, with annual revenue rising 6.8% and net profit growing 9.0% year-over-year. The latest quarter saw revenue and net profit both rise 14.4% and 14.9% respectively compared to the same quarter a year earlier. Net profit margin expanded 0.6 percentage points to 27.5%, while return on equity remained strong at 22.2%.

Valuation multiples

The stock trades at 36.6 times earnings, 8.07 times book value. It yields 0.9%.

Things to watch

The stock is 9.6% below its 52-week high, and foreign institutional holding fell by 0.86 percentage points in the quarter. Promoter holding remains at 71.64%, but domestic institutional holding increased by 1.48 percentage points. The company has a high net profit margin, but the stock is priced at a level that leaves little room for execution risks.

Where it stands

HAL is showing strong growth in both revenue and net profit, with margins and returns remaining robust. The latest quarter saw significant growth in both lines, but the stock is trading at a level that reflects high expectations. The most significant figure is the 52-week high, which the stock is currently 9.6% below.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.