Hindustan Aeronautics Ltd

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HAL •
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Start SIP in Hindustan Aeronautics Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
Near 52W High
41.9
TTM PE Ratio
33.2
Price to Book Ratio
Below industry Median
8.6
Dividend yield 1yr %
Market Leader
1.3
TTM PEG Ratio
PEG TTM is much higher than 1
48.4
RSI
RSI is mid-range
56.2
MFI
MFI is mid-range
57.5

Hindustan Aeronautics Ltd Key Financials

*All values are in ₹ Cr.

Hindustan Aeronautics Ltd shareholding Pattern

Promoter
71.6%
Foreign Institutions
12.9%
Mutual Funds
6.7%
Domestic Institutions
9.1%
Public
6.3%

Hindustan Aeronautics Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
3,010.50
10Day EMA
2,999.00
12Day EMA
2,995.70
20Day EMA
2,982.00
26Day EMA
2,966.50
50Day EMA
2,861.70
100Day EMA
2,620.40
200Day EMA
2,274.40
Delivery & Volume
Resistance & Support
3,039.00
Pivot
Resistance
First Resistance
3,072
Second Resistance
3,098.50
Third Resistance
3,131.50
Support
First Support
3,012.50
Second support
2,979.50
Third Support
2,953
Relative Strength Index
56.15
Money Flow Index
57.46
MACD
29.25
MACD Signal
31.75
Average True Range
91.38
Average Directional Index
18.37
Rate of Change (21)
3.89
Rate of Change (125)
53.60

Hindustan Aeronautics Ltd Company background

Founded in: 1963
Hindustan Aeronautics Limited (HAL), a Public Sector Enterprise, is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aeroengines, avionics, accessories and aerospace structures. The Operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (RD Centres) located across India. The Company relies on indigenous research as well as enters into technology transfer and licence agreements to manufacture its products. In addition, the company has entered into 13 commercial joint ventures to grow its operations.Hindustan Aeronautics Limited (HAL) was incorporated as a Private Limited Company with the name Aeronautics India Limited on August 16, 1963. Subsequently, Hindustan Aircraft Limited, a Company incorporated on December 23, 1940 merged with the Company, pursuant to the Aircraft Companies Amalgamation Order dated September 28, 1964. The name of the Company was changed to Hindustan Aeronautics Limited on December 05, 1964 with effect from October 01, 1964In 1970, the Company established the Helicopter factory at Bangalore. In 1983, the company established the Korwa Division for Advanced Avionics at Korwa, Uttar Pradesh. The status of the Company was changed to Public Limited Company by a Special Resolution of the Members of the Company passed at the Extra Ordinary General Meeting held on July 10, 1995.In 1998, the Company established the Industrial and Marine Gas Turbine Division for aeroderivative gas turbines and industrial engines at Bangalore. In 2000, the company established the Airport Service Centre at Bangalore.The Companys Aircraft Upgrade RD Centre (AURDC) was conferred with the Raksha Mantris Award for Excellence in Performance (Design Effort) in relation to the MiG27 aircraft for the year 200506.In 2006, the Company upgraded the Barrackpore Branch Factory to a Division. The Company was notified as a Navratna Company by the Department of Public Enterprises, GoI through notification on June 27, 2007. The Navratna status provides the Company with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI.In 2008, the Company created a separate Helicopter Complex. In 2015, the company carried out restructuring of all RD Centres under Design Complex.In 2016, the Company upgraded the Korwa Branch of Aerospace Systems and Equipment Research and Design Centre to an RD Centre. On 29 December 2016, Naini Aerospace Limited was incorporated as a 100% subsidiary of Hindustan Aeronautics.On 2 May 2017, the Companys subsidiary IndoRussian Helicopters Limited was incorporated.During year 201819, Company produced 41 new Aircraft and Helicopters. Additionally, they produced 102 New AeroEngines and Accessories. It overhauled 213 platforms of various aircraft. Further, 560 Russian and western origin aeroengines were overhauled by the Company during the year under review.During the year 201819, Light Combat Helicopter (LCH) completed all weapon integration and firing tests in January, 2019 and is ready for induction. The maiden flight of third prototype (PT3) of Light Utility Helicopter (LUH) was conducted on 14th December, 2018. Advanced Light Helicopter (ALH) blade folding capability was demonstrated to customer on December 19, 2018 on CG 855 helicopter. The LCA Tejas completed midair refuelling trial by Wet (actual) Engagement on 10th September, 2018. It accomplished 100% running of HTFE25 crore 2 Engine with Inlet Guide Vane (IGV) modulation in March, 2019. It indigeneously designed and developed Gas Turbine Electrical Generator (GTEG60) Auxiliary Power Unit (APU) to start the main engines of AN32 Military Transport Aircraft was flown on 11th February, 2019. Astra Missile was test fired by the IAF on 26th September, 2018. The LCA Naval Prototype 2 (NP2), safely executed the first contract of the HAL designed and developed Arrester Hook System (AHS) with arresting wire at moderate taxiin speed on August 02nd, 2018. The first Mirage 2000 aircraft upgraded to IOC standard with indigenous modification kits was delivered by the Company to the IAF on 01st January, 2019. The Company flew the Light Utility Helicopter (LUH) on 29th December, 2018.During year 201920, Company has produced 31 new Aircraft and Helicopters, covering Su30 MKI, LCA Tejas, Dornier Do228, ALH Dhruv, Cheetal Helicopter and Chetak Helicopter, in addition to the production of 117 New Engines and Accessories. It overhauled 201 platforms including both fixed wing and rotary wing aircraft of various types. Further, 486 aeroengines of Russian and Western origin were also overhauled during the year under review. It has signaled out 7 ALHs of the current year production ahead of schedule for Army and delivered 1 Chetak Helicopter to the Indian Navy ahead of schedule. It has commenced production of Jaguar DARIN III (FOC) Upgrade and started manufacturing of RD33 Engines.During year 202021, Company has produced 44 Nos of new Aircraft and Helicopters, covering Su30 MKI, LCA Tejas, Dornier Do228, ALH Dhruv, Light Combat Helicopter (LCH) and Chetak helicopter in addition to the production of 102 New Engines and Accessories. It overhauled 198 Nos of Aircraft and Helicopters. Further, 506 engines were also overhauled during the year 202021. The Company produced FOC standard LCA Tejas has been inducted into IAF Squadron The Flying Bullets on May 27, 2020. Second production line for LCA aircraft has been operationalised and 2 LCAs have been produced in FY 202021. Two Light Combat Helicopters (LCH) were deployed for operations at high altitude at short notice to support IAF missions on August 12, 2020. Three Light Combat Helicopters (LCH) have been produced and signalled out against the Letter of Intent of IAF. It overhauled 5 Nos of Su30MKI aircraft. It received Initial Operational Clearance (IOC) of Light Utility Helicopter (LUH) for the Indian Army from CEMILAC at the Aero India 2021. It received Operational Clearance from CEMILAC for ALH MkIII for Indian Coast Guard and Indian Navy in January, 2021. The Company handed over three ALH Mk III to the Indian Navy and two ALH to Indian Coast Guard at the Aero India 2021. It demonstrated the tail boom foldingoperation on ALH MkIII helicopter in November, 2020. The first Upgraded ALH Mk III CIVIL helicopter has been produced in November, 2020. It indigenously designed and developed a 60kW Gas Turbine Electrical Generator (GTEG60), the Auxiliary Power Unit (APU) for the Military Transport aircraft AN32, which has attained operational clearance on May 28, 2020. The 150th Do228 aircraft, produced by HAL was handed over on November 11, 2020. A digital Pilot Operating Handbook (POH) was also released as inhouse effortstowards automation and Digital India. It manufactured 300th Advanced Light Helicopter (ALH) which was rolled out and certified on 29th September, 2020. The biggest Cryogenic propellant tank (C32 LH2) ever fabricated for ISRO, was delivered to ISRO on November28, 2020. FirstISROSENE Propellant Tank ofsemi cryo developmental project has been formally handed over to LPSC, ISRO on 05th February, 2021. Inner Ring, a critical aeroengine component operating in the hot zone, has been developed and manufactured through 3D printing technology with the collaboration of Wipro Enterprises (P) Ltd. During the year 2021, the Company has entered into a contract for supply of 83 LCA Mk1A to IAF. It carried the production and supply orders of Su30 MKI aircraft, Light Combat Aircraft (LCA) Tejas, Dornier Do228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, accessories and aerospace structures to fulfill the requirement of their esteemed customers. It has achieved significant progress in various RD / Development Projects viz. Basic Trainer Aircraft (HTT40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA) MK1A,Jaguar Darin III Upgrade, Hawki and Development of Engines. During the year 2022, the Company has produced 34 numbers of new Aircraft and Helicopters, covering LCA Tejas, Dornier Do228, ALH Dhruv and Light Combat Helicopter (LCH) in addition to the production of 80 New Engines and Accessories, at its various Divisions. It has also overhauled 207 Aircraft / Helicopters and 506 engines during the year.As on March 31, 2022, Company has 2 Subsidiaries including 1 wholly owned Subsidiary and 14 Joint Venture Companies (JVCs) including 2 NotforProfit Companies.During year 202122, Company handed over 75th ROH Su30 MKI aircraft to IAF on January 25, 2022. It completed MidLife upgrade of two Do228 aircraft for Coast Guard in 202122 against deliveries originally scheduled to start from 202223 as per Contract. It commenced Performance Based Logistics (PBL) operations of ALH Mk III (MR) on February 10, 2022 for the first batch of ALH Mk III (MR) inducted by CG under PBL support regime. It made an investment of Rs. 1,20,000 Lakh in UP Defence Industrial Corridor (UPDIC) towardsenhancement of capacity capability at Lucknow, Korwa and Kanpur Divisions of HAL. Inline with Governments vision to boost defence exports to friendly foreign countries, HAL signed contracts with Government of Mauritius (GoM) for export of one passenger variant Do228 (PVD) on September 10, 2021 and for one Advanced Light Helicopter (ALH) Mk III helicopter on January 19, 2022. Further, HAL has already completed the production and delivery of this Do228 PVD for Mauritius ahead of contractual delivery commitment. The Intermediate Jet Trainer (IJT), designed and developed by HAL for stage II training of IAF pilots has demonstrated the capability to carry out six turn spins, to the LH and RH sides, which is the most crucial stage in flight trials. The Company indigenously designed and developed Air Data Computer ADC 3600A CVL1 (ADCITSOA) which is Environmentally Qualified with inhouse developed application software certified for civil platforms of aircraft and helicopters. It integrated and flown Lithium Main Battery on HTT40 and making it first time in the continent using lithium battery for military aviation. It indigenously designed and developed Solid State Weapon Control System (SSWCS) for management of weapons on Jaguar aircraft as a replacement to the ageing Armament Main unit (AMU). It completed the design, development and certification of Solid State Cockpit Voice and Flight Data Recorder (SSCVFDR) and Control Unit (CU) for Hindustan228 aircraft. The heaviest SemiCryogenic propellant tank (SC120 LOX) ever fabricated by HAL was delivered to Indian Space Research Organization (ISRO) on October 5, 2021.During the year 2022, the Company has produced Light Combat Aircraft (LCA) Tejas, Dornier Do228 Aircraft (both civil military), Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), engines, accessories and aerospace structures against the various customer orders. It launched production of Light Utility Helicopter (LUH). It signed a lease agreement with Alliance Air Aviation Limited on September 26, 2021 for the supply of two Civil Do228 aircraft for regional operations in Arunachal Pradesh to boost the Regional Connectivity Scheme (RCS). First commercial flight on the DibrugarhPasighat route commenced on April 12, 2022 by Alliance Air Aviation Limited. It embarked on DGCA Type Certification (TC) of 19 seater Hindustan228 aircraft, a Do228 Civil variant.In FY 2022, the Company launched new platform design and development programmes such as Combat Air Teaming System (CATS)Warrior, Hindustan Lead in Fighter Trainer HLFT42, High Altitude Pseudo Satellite (HAPS), Utility HelicopterMaritime, Deck Based Multi Role Helicopter (DBMRH). It has signed an MoU with RollsRoyce on April 9, 2021 to explore the potential opportunity of HAL to become aBuild to Print supplier for the MT30 (Gas Turbine) package for sales within the Indian market. It signed an agreement with RollsRoyce on September 14, 2021 for MakeinIndia Adour engine parts to support RollsRoyces international defence customer base. The Company and d ZeroAvia entered into a development collaboration agreement on 9th November, 2021 for hydrogenelectricpowertrain capable of flying the 19 seat Dornier 228 aircraft up to 500 NM. It signed an MoU with Max AeroSpace Aviation Pvt. Ltd., Mumbai on 12th January, 2022 to explore business opportunities for MRO of civil aircraft. It signed an MoU with Uganda Peoples Defence Forces (UPDF) on 3rd March, 2022 towards Cooperation for Repair, Overhaul and maintenance, supply of spares etc., forSu30 Mk2 of UPDF. It signed an MoU with Safran Helicopter Engines (SafranHE) on 14th March, 2022 for exploring businessopportunities in the area of Helicopter Engines, etc. It has entered into a MoU with Israel Aerospace Industries (IAI) on 4th April, 2022 to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. It integrated Medical Intensive Care Unit (MICU) on board two ALH MK III of Indian Navy deployed at INS Hansa, Goa during May/June 2021. It carried out Ceremonial First Flight of upgraded Dhruv Civil Helicopter on November 26, 2021.During the year 2023, the Company produced 22 numbers of new Aircraft and Helicopters, covering Light Combat Aircraft (LCA) Tejas, Dornier Do228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH) and Light Utility Helicopter (LUH), engines in addition to the production of 51 New Engines and Accessories, at its various Divisions. The Company overhauled 216 Aircraft / Helicopters and 536 engines during the year.During the year 2023, the Company opened Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru on September 27, 2022. It commissioned the production of 15 Light Combat Helicopters (LCH) against the 15 LCH contract ahead of contract schedule. The first flight of the LCA Mk1A prototype (LCA SP25 modified for MK1A features) was commissioned on May 20, 2022. It produced 4 Do228 aircraft in advance against the contract for supply 6 Do228 to IAF. The maiden arrested landing and skijump takeoff from the indigenous aircraft carrier INS Vikrant was carried out by the LCA Navy MK1 aircraft on February 6, 2023. Handed over the last of the 16 ALH MKIII (Maritime role) order to the Indian Coast Guard (ICG) on November 15, 2022. Delivered the first set of hardware for Gaganyaan mission (first unmanned mission) as well as the 150th HAL made Satellite Busstructure to ISRO on April 4, 2022. HAL also delivered the Crew Module Fairing (CMF) and HEMThrust Transfer Structure (HTS) hardware for Human Spaceflight Program to Indian Space Research Organization (ISRO) on August 17, 2022 in Bengaluru. Build of LCA Navy MK I Trainer prototype aircraft NP5 (3rd Naval prototype) commissioned and engine ground run carried out on January 16, 2023. Design development of Indigenous Mission Management System (MMS) integrated on DO228 (ICG) and flight testing commenced from August 25, 2022. Developed and designed Solid State Flight Data Recorder (SSFDR) / Cockpit Voice Recorder (CVR) for Cheetah, Chetak and Cheetal helicopter. The Company indigenously designed and developed two products, HTT40 Basic Trainer Aircraft and LUH MkI. It commissioned New Helicopter Manufacturing Factory at Tumakuru established facilities for manufacturing of semi cryogenic and cryogenic engine components at Integrated Cryogenic Engine Manufacturing Facility (ICMF). The Company achieved a significant milestone towards civil aviation segment and Regional Connectivity Scheme UDAN with the first commercial flight of HALs civil Do228 held on April 12, 2022 at DibrugarhPasighat route.During the year 2023, HTT40 completed erect spin certification flights, and PSQR validation trials. First Inverted Spin tests was carried out in March, 2023.
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Hindustan Aeronautics Ltd FAQs

Hindustan Aeronautics Ltd shares are currently priced at 3045.5 on NSE and 3044.85 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Hindustan Aeronautics Ltd [HAL] share was 139.71. The Hindustan Aeronautics Ltd [HAL] share hit a 1-year low of Rs. 1237.55 and a 1-year high of Rs. 3132.

The market cap of Hindustan Aeronautics Ltd is Rs. 203675.43 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Hindustan Aeronautics Ltd is 33.14 as of 2/22/2024 12:00:00 AM.

The PB ratios of Hindustan Aeronautics Ltd is 8.11 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 6.69% at the end of 2/22/2024 12:00:00 AM.

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