āagman

Not investment advice. Data and computed figures, for information only.

Hindustan Aeronautics Ltd

NSE: HALF&O
₹4,910.00
−₹23.00 (−0.47%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,11,355 Cr
CMP
₹4,910.00
52-wk High / Low
₹5,150 / 3,479
P/E
33.4
P/B
7.6
Book Value
₹614.0
Div Yield
0.97%
ROCE
32.0%
ROE
24.0%
Face Value
₹5
D/E
0.00

Price+1.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹1,372
√(22.5 × EPS × book value per share)
ROIC
15.4%
vs 12.3% sector median
Cash flow to profit
1.20
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+109
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
16.2%
ROE × earnings retention ratio
ROE stability
1.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.87DII +1.47
Latest quarter vs the previous one
Cash-accrual divergence
−1.5%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 31% vs the 2023 sector median of 20%)
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-4.7%)
+FII holding rose by 0.3pp over the last year
+PE of 33.4x is below the sector median of 43.6x
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,9155,6366,06114,7694,3485,9766,95713,7004,8196,6297,69913,9425,515
Expenses3,0394,1084,6268,8673,3574,3365,2758,4053,5375,0715,8288,8843,988
Operating Profit8771,5281,4355,9019911,6401,6835,2951,2821,5581,8715,0591,527
OPM %22.4%27.1%23.7%40.0%22.8%27.4%24.2%38.6%26.6%23.5%24.3%36.3%27.7%
Other Income4144744675697425606376697578959271,164912
Interest00031000800140
Depreciation201350212644149178277736185226310634304
Profit before tax1,0891,6511,6895,7951,5842,0232,0425,2191,8542,2272,4875,5842,134
Net Profit8141,2371,2624,3091,4371,5101,4403,9771,3841,6691,8674,1961,590
EPS (₹)12.1718.4918.8664.4321.4922.5921.5359.4620.6924.9627.9162.7423.77

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales15,93916,75817,95018,52020,00821,44522,75524,62026,92730,38130,98133,08933,785
Expenses13,56014,28514,71915,07115,45716,53117,39719,20520,24220,63021,36023,30123,771
Operating Profit2,3792,4743,2313,4494,5514,9145,3575,4156,6869,7529,6219,78810,014
OPM %14.9%14.8%18.0%18.6%22.7%22.9%23.5%22.0%24.8%32.1%31.1%29.6%29.6%
Other Income1,6501,6081,0587763764233659851,6731,9232,6083,7433,897
Interest156163517836026765644322246
Depreciation8228636819471,0259991,1781,1111,7851,4071,3401,3551,474
Profit before tax3,1913,2133,5923,2433,7253,9794,2775,2256,51010,22510,86712,15212,432
Net Profit2,3992,0042,6251,9902,3282,8833,2395,0805,8287,6218,3649,1169,321
EPS (₹)24.8927.7236.3029.7634.8243.1048.4475.9687.14113.96125.07136.30139.38

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital482362362334334334334334334334334334—
Reserves16,32210,67112,1989,17711,74812,91415,07818,97923,23828,80434,64740,707—
Borrowings165801,0229054,1165,927514952505166—
Other Liabilities47,37045,42038,16338,04735,29835,02737,81540,89245,65251,72373,66593,288—
Total Liabilities64,33956,53251,74448,46351,49654,20353,27860,25469,27680,9111,08,6981,34,395—
Fixed Assets7,3666,9257,3507,5667,4597,3577,4916,7666,8346,7376,6717,293—
CWIP2351,0251,3891,4621,5022,0432,0782,4731,8852,4933,0983,313—
Investments5709169941,0109109911,0561,3631,4581,5911,7541,914—
Other Assets56,16847,66642,01138,42541,62543,81242,65449,65359,09970,08997,1761,21,875—
Total Assets64,33956,53251,74448,46351,49654,20353,27860,25469,27680,9111,08,6981,34,395—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity——−404−748−7,7001,52715,26310,1738,8308,22313,64310,906
Cash from Investing Activity——3,0125975,294−1,339−1,271−12,785−5,728−6,410−10,771−8,337
Cash from Financing Activity——−164−2,5402,32664−7,125−1,464−1,731−1,999−2,579−3,350
Net Cash Flow——2,443−2,691−802526,867−4,0761,370−186294−781

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—23.029.027.029.024.026.030.031.039.034.032.0
ROE %———————————24.0
EPS (₹)24.8927.7236.3029.7634.8243.1048.4475.9687.14113.96125.07136.30
Book Value (₹)———————————614.0
Face Value (₹)———————————5
P/E———————————33.4
Div Yield %———————————0.97
NPM %13.610.913.810.311.413.214.019.820.423.624.924.8
OPM %15.015.018.019.023.023.024.022.025.032.031.030.0
D/E0.010.010.080.100.340.450.000.000.000.000.000.00
P/B———————————7.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+8.0%
3 years+7.0%
TTM+7.0%
Compounded profit growth
10 years+16.0%
5 years+23.0%
3 years+16.0%
TTM+12.0%
Stock price CAGR
5 years+46.0%
3 years+33.0%
Last year−4.0%
Return on equity
10 years25.0%
5 years27.0%
3 years26.0%
Last year24.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters89.97%89.97%89.97%89.97%75.15%75.15%71.65%71.64%71.64%71.64%71.64%
FIIs0.00%0.00%0.29%0.00%0.91%4.37%9.07%12.42%12.08%10.21%9.34%
DIIs8.51%8.51%8.40%8.76%20.31%17.00%13.93%9.58%8.26%10.43%11.90%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.07%0.07%
Public1.52%1.52%1.34%1.26%3.63%3.48%5.34%6.36%7.97%7.66%7.03%
No. of shareholders1,87,0701,87,0701,48,8471,36,3252,11,8192,18,1163,58,3177,14,09113,52,37712,91,77112,11,981
Change since Jun 2023 (pp)
Promoters −18.33FIIs +9.34DIIs +3.39Public +5.51

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Change in DirectorateAnnouncement under Regulation 30 (LODR)-AcquisitionClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Change in Directorate
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
May 2026TranscriptMay 2025TranscriptMay 2025RecordingMay 2024TranscriptMay 2024RecordingMay 2023TranscriptMay 2023PPTNov 2022TranscriptNov 2022PPTNov 2022Recording

Corporate actions

As of 14 Aug 2026
14 Aug 2026DIVIDENDDividend - Rs 10 Per Sh—
18 Feb 2026DIVIDENDInterim Dividend - Rs 35 Per Share—
21 Aug 2025DIVIDENDDividend - Rs 15 Per Share—
18 Feb 2025DIVIDENDInterim Dividend - Rs 25 Per Share—
21 Aug 2024DIVIDENDDividend - Rs 13 Per Share—
20 Feb 2024DIVIDENDInterim Dividend - Rs 22 Per Share—
28 Sep 2023SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share10 : 5
24 Aug 2023DIVIDENDDividend - Rs 15 Per Share—
20 Mar 2023DIVIDENDInterim Dividend - Rs 20 Per Share—
18 Nov 2022DIVIDENDInterim Dividend - Rs 20 Per Share—
19 Aug 2022DIVIDENDDividend - Rs 10 Per Share—
17 Feb 2022DIVIDENDInterim Dividend - Rs 26 Per Share—
23 Nov 2021DIVIDEND Interim Dividend - Rs 14 Per Share—
5 Mar 2021DIVIDEND Interim Dividend - Rs 15 Per Share—
17 Dec 2020DIVIDEND Interim Dividend - Rs 15 Per Share—
23 Mar 2020DIVIDEND Interim Dividend - Rs 33.25 Per Share—
28 Mar 2019DIVIDEND Interim Dividend - Rs 19.80 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman