TickerSutra

NSE: HAL · BSE: 541154 · ISIN INE066F01020

Hindustan Aeronautics Limited stock analysis

Hindustan Aeronautics Limited ranks #142 in the TickerSutra evidence-ranked universe with a score of 71/100 and 95% data confidence. The latest captured fundamentals show ROCE of 32.0%, quarterly sales growth of 14.4% and quarterly profit growth of 14.9%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE71/100

Watchlist candidate

#142 of 5,430 ranked equities
Market capitalisation₹3,36,398.11cr
ROCE32.0%
Quarterly sales growth14.4%
Quarterly profit growth14.9%
P/E ratio36.1×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 32%
  • Low debt/equity of 0×
  • Strong CFO/EBITDA of 1.11×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹24,620cr₹5,415cr₹5,080cr22.0%
2023₹26,927cr₹6,686cr₹5,828cr25.0%
2024₹30,381cr₹9,752cr₹7,621cr32.0%
2025₹30,981cr₹9,621cr₹8,364cr31.0%
2026₹33,089cr₹9,788cr₹9,116cr30.0%
TTM₹33,785cr₹10,014cr₹9,321cr30.0%
Debt / equity0.00×
CFO / EBITDA1.11×
Operating margin30.0%
Free cash flow₹8,438cr
Sales CAGR · 3Y7.1%
Profit CAGR · 3Y16.1%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts5 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 1 mention
Positive catalyst

OUTLOOK The outlook for FY 2026-27 and beyond will remain positive, supported by a strong order book providing 7-8 years of revenue visibility. The Company expects improved growth through better supply chain stabilization, capacity expansion (including significant infrastructure investments) and faster production ramp-up for key platforms. Focus areas include: - Achieving higher production rates for LCA Mk1A (targeti

Pricing pressureHigh severity · 1 mention
Negative warning

 Rapid technological disruptions requiring continuous upgradation.  Direct competition from foreign companies entering into Indian market and pricing pressures in international markets.  Mainly dependent on MoD for the contracts.

Regulatory approvalModerate severity · 16 mentions
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The significant R&D achievements are as under:  A robust R&D policy framework and a process driven R&D Manual framework formulated and released by Hon’ble RM for uniform implementation across all R&D Centres.  R&D Centres Modernisation plan of phase-I approved by Board, will pave the way for establishing modern infra and test facilities for upcoming R&D programs.  Inaugurated the SSLV Design office of the Space Re

Regulatory updatesLow severity · 18 mentions
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 Establishment of Centralised Data Center: The Company has conceptualised and planned for establishing a Tier-3+ centralised Data Center, which will form the foundation for the HAL Private Cloud. This initiative is intended to accelerate digital transformation by enhancing security, control, and regulatory compliance for critical data and workloads.  Implementation of SD-WAN Solution: In line with the centralisatio

Export market updatesLow severity · 4 mentions
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 Dedicated marketing efforts and government- supported export initiatives.  Market-oriented products and technology developments to complement with company goals to expand in commercial and export market.  Enhanced digitalization and IT & AI enabled systems for speedy communication and decision-making.

Institutional interestLow severity · 2 mentions
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SHAREHOLDING PATTERN AS ON MARCH 31, 2026 Sl. Category Number of shareholders Number of shares held % of total holding 1 President of India 1 47,91,02,424 71.64 2 Mutual Funds 300 3,88,52,195 5.81 3 Alternative Investment Fund 23 5,58,320 0.08 4 Banks 9 1,95,470 0.03 5 Qualified Institutional Buyer 124 3,06,24,112 4.58 6 NBFC 9 5,350 0.00 7 Foreign Portfolio Investors 3 1,852 0.00 8 Foreign Portfolio - Corp 752 6,82,

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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