Hindustan Aeronautics Ltd
Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.(Source : 202003 Annual Report Page No:46)
- Market Cap ₹ 2,64,307 Cr.
- Current Price ₹ 3,952
- High / Low ₹ 4,045 / 1,443
- Stock P/E 43.1
- Book Value ₹ 375
- Dividend Yield 0.69 %
- ROCE 30.6 %
- ROE 27.2 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 23.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
- Company has been maintaining a healthy dividend payout of 29.6%
- Company's working capital requirements have reduced from 98.4 days to 38.2 days
Cons
- Stock is trading at 10.5 times its book value
- The company has delivered a poor sales growth of 7.77% over past five years.
- Promoter holding has decreased over last 3 years: -3.51%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Aerospace & Defence Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
14,211 | 14,328 | 15,135 | 15,730 | 16,758 | 17,950 | 18,519 | 20,008 | 21,445 | 22,882 | 24,620 | 26,928 | 28,107 | |
12,665 | 13,560 | 13,565 | 13,379 | 14,281 | 14,714 | 15,059 | 15,440 | 16,565 | 17,541 | 19,200 | 20,258 | 21,022 | |
Operating Profit | 1,546 | 768 | 1,570 | 2,351 | 2,478 | 3,236 | 3,460 | 4,569 | 4,880 | 5,341 | 5,420 | 6,669 | 7,085 |
OPM % | 11% | 5% | 10% | 15% | 15% | 18% | 19% | 23% | 23% | 23% | 22% | 25% | 25% |
2,511 | 3,335 | 2,618 | 1,642 | 1,598 | 1,044 | 761 | 376 | 415 | 360 | 986 | 1,672 | 2,063 | |
Interest | 6 | 5 | 8 | 15 | 6 | 16 | 35 | 177 | 359 | 267 | 65 | 64 | 56 |
Depreciation | 722 | 601 | 603 | 806 | 863 | 681 | 947 | 1,024 | 998 | 1,157 | 1,110 | 1,784 | 1,818 |
Profit before tax | 3,329 | 3,497 | 3,578 | 3,173 | 3,207 | 3,583 | 3,240 | 3,742 | 3,938 | 4,277 | 5,231 | 6,493 | 7,274 |
Tax % | 24% | 14% | 25% | 25% | 38% | 27% | 39% | 37% | 28% | 24% | 3% | 10% | |
2,539 | 2,997 | 2,693 | 2,388 | 1,998 | 2,616 | 1,987 | 2,346 | 2,842 | 3,239 | 5,086 | 5,811 | 6,144 | |
EPS in Rs | 105.37 | 124.35 | 27.93 | 24.77 | 27.63 | 36.18 | 29.72 | 35.08 | 42.49 | 48.44 | 76.05 | 86.89 | 91.86 |
Dividend Payout % | 29% | 28% | 33% | 20% | 31% | 31% | 54% | 28% | 39% | 31% | 26% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 24% |
3 Years: | 28% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 65% |
3 Years: | 102% |
1 Year: | 162% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 25% |
3 Years: | 27% |
Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 120 | 120 | 482 | 482 | 362 | 362 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
Reserves | 11,218 | 13,258 | 14,533 | 16,304 | 10,658 | 12,175 | 9,151 | 11,741 | 12,865 | 15,034 | 18,930 | 23,172 | 24,753 |
5 | 5 | 684 | 5 | 80 | 1,022 | 905 | 4,157 | 5,927 | 53 | 49 | 51 | 0 | |
43,961 | 44,146 | 48,180 | 47,252 | 45,420 | 38,149 | 38,044 | 35,238 | 35,008 | 37,601 | 40,871 | 45,632 | 46,679 | |
Total Liabilities | 55,305 | 57,529 | 63,878 | 64,042 | 56,519 | 51,708 | 48,434 | 51,470 | 54,135 | 53,022 | 60,183 | 69,190 | 71,766 |
1,938 | 2,008 | 2,088 | 7,191 | 6,925 | 7,350 | 7,566 | 7,454 | 7,351 | 7,158 | 6,758 | 6,827 | 8,157 | |
CWIP | 70 | 103 | 185 | 216 | 1,025 | 1,389 | 1,458 | 1,499 | 2,040 | 1,948 | 2,472 | 1,884 | 785 |
Investments | 527 | 707 | 707 | 745 | 886 | 981 | 989 | 902 | 940 | 1,055 | 1,294 | 1,385 | 1,385 |
52,769 | 54,710 | 60,898 | 55,890 | 47,682 | 41,988 | 38,421 | 41,615 | 43,803 | 42,861 | 49,659 | 59,093 | 61,439 | |
Total Assets | 55,305 | 57,529 | 63,878 | 64,042 | 56,519 | 51,708 | 48,434 | 51,470 | 54,135 | 53,022 | 60,183 | 69,190 | 71,766 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-423 | -734 | -7,694 | 1,537 | 15,124 | 10,180 | 8,836 | ||||||
3,021 | 594 | 5,292 | -1,334 | -1,190 | -12,789 | -5,734 | ||||||
-164 | -2,540 | 2,321 | 64 | -7,070 | -1,464 | -1,731 | ||||||
Net Cash Flow | 2,433 | -2,680 | -80 | 266 | 6,864 | -4,072 | 1,370 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 100 | 140 | 166 | 145 | 105 | 86 | 133 | 227 | 191 | 90 | 69 | 64 |
Inventory Days | 808 | 802 | 971 | 1,118 | 1,017 | 854 | 838 | 882 | 815 | 602 | 608 | 527 |
Days Payable | 68 | 92 | 90 | 101 | 91 | 62 | 69 | 113 | 164 | 76 | 96 | 116 |
Cash Conversion Cycle | 840 | 850 | 1,046 | 1,162 | 1,032 | 878 | 902 | 996 | 843 | 617 | 581 | 475 |
Working Capital Days | -199 | -152 | -52 | -22 | -5 | 93 | 117 | 295 | 286 | 146 | 111 | 38 |
ROCE % | 28% | 25% | 20% | 23% | 29% | 27% | 29% | 24% | 26% | 30% | 31% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 2d
- Compliance Under Reg 40(9) Of The SEBI (LODR) Regulation, 2015 22 Apr
- Clarification With Respect To News Article 16 Apr
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Clarification sough from Hindustan Aeronautics Ltd
15 Apr - Exchange has sought clarification from Hindustan Aeronautics Ltd with respect to news article appearing on https://www.ndtvprofit.com dated April 13, 2024 (Link: https://www.ndtvprofit.com/nation/def-tejas-3) titled "Hindustan Aeronautics …
- Compliance Certificate Pursuant To Reg 7(3) Of The SEBI (LODR) Regulation 2015 For The Year Ended 31 March, 2024. 8 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2023Transcript PPT
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Nov 2022Transcript PPT
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Sep 2022TranscriptPPT
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May 2022TranscriptPPT
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Mar 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
Core Aviation Equipment Supplier
HAL plays a strategic role in India’s defense program being the only Indian company having specialization in aircraft manufacturing and providing its Maintenance and related services. [1]