Hindustan Aeronautics Limited
HAL · Defence · NSE
₹4,264
Current Market Price
Fair Value (DCF)
₹5,264
Discount to FV
+23.5%
Updated 12m ago
YieldIQ Score
65/100
Piotroski F-Score
6/9
Economic Moat
Wide
Confidence
51%
ROE
22.2%
Debt/Equity
0.00
WACC
10.1%
Market Cap
₹2.85 Lakh Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
32.9%
Return on capital employed
EV / EBITDA
17.0×
Enterprise multiple
Debt / EBITDA
0.0×
Leverage vs earnings
Interest Coverage
1253.0×
EBIT covers interest
Current Ratio
2.04×
Short-term liquidity
Asset Turnover
0.33×
Revenue per ₹ of assets
Revenue CAGR (3Y)
4.3%
3-year revenue growth
Revenue CAGR (5Y)
5.6%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹4,263.8
Bear case
Discount -45.8%
Base case
Discount +19.0%
Bull case
Discount +31.3%
Ratio Trends
HAL · last 9 annual periods
ROE
22.2%
ROCE
32.9%
Operating Margin
—
Debt / Equity
0.00×
PE
25.6×
EV / EBITDA
17.0×
Historical Financials
HAL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹24.4K Cr | ₹26.4K Cr | ₹28.2K Cr | ₹31.0K Cr | ₹33.1K Cr | +8.0% |
| EBITDA | ₹6570 Cr | ₹8950 Cr | ₹11.7K Cr | ₹12.2K Cr | ₹13.5K Cr | +19.8% |
| EBIT | ₹5283 Cr | ₹6565 Cr | ₹10.2K Cr | — | — | +18.0% |
| PAT | ₹5080 Cr | ₹5828 Cr | ₹7621 Cr | ₹8364 Cr | ₹9116 Cr | +15.7% |
| EPS (diluted) | ₹151.92 | ₹174.28 | ₹113.95 | — | — | -6.9% |
| CFO | ₹10.2K Cr | ₹8830 Cr | ₹8223 Cr | ₹13.6K Cr | ₹10.9K Cr | +1.8% |
| CapEx | ₹-1501 Cr | ₹-1781 Cr | ₹-1755 Cr | ₹-1757 Cr | ₹-2549 Cr | — |
| FCF | ₹8673 Cr | ₹7049 Cr | ₹6468 Cr | ₹11.9K Cr | ₹8357 Cr | -0.9% |
| Total Assets | ₹58.4K Cr | ₹67.2K Cr | ₹78.1K Cr | ₹106.3K Cr | ₹132.4K Cr | +22.7% |
| Total Debt | ₹2.5 Cr | ₹2.6 Cr | ₹1.1 Cr | ₹1.2 Cr | ₹11.0 Cr | +44.9% |
| Shareholders' Equity | ₹19.3K Cr | ₹23.6K Cr | ₹29.1K Cr | ₹35.0K Cr | ₹41.0K Cr | +20.7% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
HAL vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
 BEL Bharat Electronics Limited | -34.3% | 50 | Above Fair Value | 25.3% | 48.3× |
 MAZDOCK Mazagon Dock Shipbuilders Limited | -57.0% | 37 | Above Fair Value | 26.5% | — |
 BDL Bharat Dynamics Limited | -74.2% | 40 | Data Limited | 9.9% | 95.6× |
 COCHINSHIP Cochin Shipyard Limited | -43.8% | 45 | Above Fair Value | 12.2% | 43.8× |
 GRSE Garden Reach Shipbuilders & Engineers Limited | -37.9% | 50 | Above Fair Value | 25.4% | — |
Click a ticker to view its fair-value analysis.
Dividend History
15 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹162.50/sh
Last payout
2026-02-18
₹35.00
Peak payout
₹35.00
Trailing yield
1.17%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Hindustan Aeronautics Limited (HAL.NS) trades at 4263.80 vs a model fair value of 5264.29, a gap of 23.5%. Piotroski F-score: 6/9. Moat l...
Read full AI analysis →Reverse DCF
Market-implied growth
What FCF growth is priced in →
Risk Analysis
Volatility & drawdown
Risk profile of HAL →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
Reference indicators →
News & Filings
Recent activity
BSE filings + news for HAL →
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Head-to-head with peers
Compare HAL side by side →
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Analyse HALNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.