Hindustan Aeronautics share price
NSE: HALBSE: 541154Aerospace & DefenseLarge Cap
Hindustan Aeronautics Limited · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2018 · Issue price ₹1,215
Last close ₹4,853.70down ₹16.20 (0.33%)BSE ₹4,836.20
Share price at the NSE close on 30 Oct 2026. Previous close ₹4,869.90.
30 Oct: open ₹4,868.80, high ₹4,868.80, low ₹4,795.00
52-week range of traded prices to 30 Oct 2026
₹3,479.10Low, 30 Mar 2026₹5,149.90High, 17 Aug 2026
- Next results date: the board meets on 12 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,24,603 Cr29th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 34.82
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.91
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.93%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 24.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 20.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 6,99,02763.8% delivered
About Hindustan Aeronautics
Hindustan Aeronautics Limited (HAL) designs, develops, manufactures, repairs, overhauls, upgrades and services aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.1 Its primary customers are the Indian Air Force, Indian Navy, Indian Army and Indian Coast Guard, and it also serves civil customers and defence customers abroad.2 It is a public sector enterprise based in Bengaluru, under the administrative control of the Department of Defence Production, Ministry of Defence.1
Its 20 Divisions and 10 R&D Centres are grouped into Complexes: the Bangalore and MiG Complexes build, maintain and upgrade fixed-wing aircraft and engines.3 The Helicopter Complex does the same for helicopters, the Accessories Complex covers transport aircraft, accessories and avionics, and the Design Complex carries out research and development.4 It had 23,502 employees at the end of March 2026.5 It supplied space hardware for the launches of ISRO (the Indian Space Research Organisation) on 2 Nov and 24 Dec 2025.6 Under an agreement signed on 10 Sep 2025, it holds a non-exclusive licence to manufacture ISRO's Small Satellite Launch Vehicle (SSLV).6
It was incorporated in 1963.7 It holds Maharatna status, a government category that gives a public sector company more freedom over its own investment decisions.8 As a Government Company, its functional directors, including the Chairman and Managing Director, are appointed by the Government of India.9 At the end of March 2026 it had 2 subsidiaries, 1 of them wholly owned, and 19 joint venture companies, 7 of them not-for-profit.10
Hindustan Aeronautics key points
Results
- On a consolidated basis, which adds its subsidiaries and its share of joint ventures, profit after tax was ₹9,11,552 lakh in the year to Mar 2026, against ₹8,36,405 lakh a year earlier.11
- On a standalone basis (the company alone, without subsidiaries and joint ventures), revenue from operations rose 7% to ₹33,08,979 lakh in the year to Mar 2026, from ₹30,98,092 lakh; turnover, the base for the shares below, rose 6% to ₹31,79,183 lakh, from ₹30,10,465 lakh.12
- Standalone profit after tax was ₹9,07,567 lakh in the year to Mar 2026, against ₹8,31,680 lakh a year earlier; profit before tax was ₹12,11,208 lakh, against ₹10,82,001 lakh.13
- On a standalone basis, operating profit margin (operating profit as a share of turnover) was 26% in the year to Mar 2026, against 27% a year earlier, and the company had no borrowings at 31 Mar 2026.1415
Revenue mix
Where revenue comes from
Plants and capacity
Order book
- The order book (orders received but not yet delivered) stood at ₹2,54,53,848 lakh on 31 Mar 2026.22
- In the year to Mar 2026 it received manufacturing contracts of over ₹69,60,000 lakh and repair and overhaul contracts of over ₹17,30,000 lakh, including 97 LCA Mk1A and 8 Do-228 aircraft for the armed forces and 2 Hindustan-228 aircraft for Guyana.23
- The company stated in its annual report for the year to Mar 2026 that its order book gives 7 to 8 years of revenue visibility (how many years of sales the orders already in hand would cover).24
Research and development
- Research and development spending was ₹2,79,447 lakh in the year to Mar 2026, 8.79% of turnover.25
- As lead system integrator, the company has undertaken an indigenous upgrade of the Su30 MKI fighter, covering a new mission computer, an AESA radar (a radar steered electronically rather than by moving the antenna), an improved electronic warfare suite and Indian weapons.26
- As of its annual report of 4 Aug 2026, HAL was developing the Combat Air Teaming System (CATS) of unmanned aircraft working with manned ones, a 25 kN turbofan engine for trainers, business jets and large drones, and a 1200 kW turboshaft engine for helicopters.27
- The company stated in its annual report for the year to Mar 2026 that, after an engine ground run of the full-scale CATS Warrior demonstrator, a ground run, taxi trials and flight test of the unmanned wingman are planned in the year to Mar 2027.28
Expansion and capital spending
- Capital spending was ₹2,46,535 lakh in the year to Mar 2026, against ₹2,02,584 lakh a year earlier, mainly on a greenfield helicopter project at Tumakuru, LCA facilities, overhaul facilities for the SU-30 and its AL-31FP engine, and IT infrastructure.29
- The company stated in its annual report for the year to Mar 2026 that it is targeting production of 24 or more LCA Mk1A aircraft a year in the coming years.30
- The company stated in its annual report for the year to Mar 2026 that it aims for indigenisation (parts made in India rather than imported) of 65 to 75% or more on major platforms.30
Recent events
- On 2 Oct 2026 the company agreed to acquire CAE of Canada's 50% stake in HATSOFF Helicopter Training, their helicopter pilot simulator training joint venture, at nil consideration, after which HATSOFF becomes a 100% subsidiary.31
- On 26 Aug 2026 the company and Safran Helicopter Engines signed a contract with their joint venture SAFHAL to develop and make the Aravalli engine, of 3,500 to 4,000 shaft horsepower, for the 13-ton Indian Multi-Role Helicopter and its naval variant.3233
- On 3 Mar 2026 the Ministry of Defence signed a ₹2,901 crore contract with the company for 6 Advanced Light Helicopters Mk III (Maritime Role) for the Indian Coast Guard, with support and logistics.3435
- On 29 Jan 2026 the company signed contracts with Pawan Hans Ltd to supply 10 Dhruv NG helicopters with spares and accessories, valued at over ₹1,800 crore.36
Last updated
All 36 sources, each with its page
- 1. Annual report, 4 Aug 2026, page 189
- 2. Annual report, 4 Aug 2026, page 118
- 3. Annual report, 4 Aug 2026, page 89
- 4. Annual report, 4 Aug 2026, page 89
- 5. Annual report, 4 Aug 2026, page 94
- 6. Annual report, 4 Aug 2026, page 37
- 7. Annual report, 4 Aug 2026, page 117
- 8. Annual report, 4 Aug 2026, page 89
- 9. Annual report, 4 Aug 2026, page 40
- 10. Annual report, 4 Aug 2026, page 37
- 11. Annual report, 4 Aug 2026, page 325
- 12. Annual report, 4 Aug 2026, page 36
- 13. Annual report, 4 Aug 2026, page 92
- 14. Annual report, 4 Aug 2026, page 92
- 15. Annual report, 4 Aug 2026, page 37
- 16. Annual report, 4 Aug 2026, page 117
- 17. Annual report, 4 Aug 2026, page 158
- 18. Annual report, 4 Aug 2026, page 42
- 19. Annual report, 4 Aug 2026, page 118
- 20. Annual report, 4 Aug 2026, page 118
- 21. Annual report, 4 Aug 2026, page 37
- 22. Annual report, 4 Aug 2026, page 36
- 23. Annual report, 4 Aug 2026, page 36
- 24. Annual report, 4 Aug 2026, page 90
- 25. Annual report, 4 Aug 2026, page 39
- 26. Annual report, 4 Aug 2026, page 39
- 27. Annual report, 4 Aug 2026, page 39
- 28. Annual report, 4 Aug 2026, page 39
- 29. Annual report, 4 Aug 2026, page 36
- 30. Annual report, 4 Aug 2026, page 90
- 31. Exchange filing, 2 Oct 2026, page 1
- 32. Exchange filing, 26 Aug 2026, page 2
- 33. Exchange filing, 26 Aug 2026, page 3
- 34. Exchange filing, 3 Mar 2026, page 1
- 35. Exchange filing, 3 Mar 2026, page 2
- 36. Exchange filing, 29 Jan 2026, page 1
Results
Consolidated; ₹ crore.Hindustan Aeronautics quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +7.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.2%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,515 Crdown 60.44%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,590 Crdown 62.12%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 28.8%
Revenue by quarter
Peak revenue ₹13,942 Cr, quarter to Mar 2026; lowest ₹4,819 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,976 | 6,957 | 13,700 | 4,819 | 6,629 | 7,699 | 13,942 | 5,515 |
| Net profit | 1,510 | 1,440 | 3,977 | 1,384 | 1,669 | 1,867 | 4,196 | 1,590 |
| Net margin | 25.3% | 20.7% | 29.0% | 28.7% | 25.2% | 24.2% | 30.1% | 28.8% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹33,089 Crup 6.80%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹9,116 Crup 8.98%
- Net margin
- 27.5%
Revenue by year
Peak revenue ₹33,089 Cr, year to Mar 2026; lowest ₹18,624 Cr, year to Mar 2018
Net profit by year, a loss in red
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18,624 | 19,894 | 21,438 | 22,755 | 24,620 | 26,927 | 30,381 | 30,981 | 33,089 |
| Net profit | 2,073 | 2,265 | 2,873 | 3,239 | 5,080 | 5,828 | 7,621 | 8,364 | 9,116 |
| Net margin | 11.1% | 11.4% | 13.4% | 14.2% | 20.6% | 21.6% | 25.1% | 27.0% | 27.5% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Design, Development, Manufacture, Repair and Overhaul of Aircraft, Helicopter, Engines, Avionics Systems, which carries all its revenue.
Valuation
Today, against the company's own history.Hindustan Aeronautics PE ratio and valuation
Price to earnings
At or below today's level on 81% of 1,891 trading days since Feb 2019.
LowestHighest
Its median14.83Industry median69.74
Price to book
At or below today's level on 76% of 1,955 trading days since Nov 2018.
LowestHighest
Its median4.01Industry median8.42
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 35% of 2,121 trading days since Apr 2018.
LowestHighest
Its median1.39%Industry median0.15%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −15.2% | +9.0% | −23.4% | 1.3% |
| 3 years | +37.8% | +16.1% | +17.8% | 1.1% |
| 5 years | +49.4% | +23.0% | +20.0% | 1.7% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
339 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 136 of the 180 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 339 funds holding Hindustan Aeronautics
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 10
- AddedAdded. Funds that held more shares than at the end of the month before.
- 94
- CutCut. Funds that held fewer shares than at the end of the month before.
- 86
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 140
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 12
| Fund | |||
|---|---|---|---|
 HDFC Defence FundHDFC Mutual Fund | 31,05,081 | 12.61% | ₹1,449.5 Cr |
 Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 22,90,980 | 19.68% | ₹1,069.4 Cr |
 ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 16,18,387 | 0.99% | ₹755.5 Cr |
 Franklin India Opportunities FundFranklin Templeton Mutual Fund | 13,82,558 | 6.74% | ₹645.4 Cr |
 SBI Arbitrage FundSBI Mutual Fund | 11,55,450 | 1.16% | ₹539.4 Cr |
| ICICI Prudential Focused FundICICI Prudential Mutual Fund | 10,04,970 | 2.73% | ₹469.1 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 9,83,882 | 0.45% | ₹459.3 Cr |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund | 8,89,172 | 0.58% | ₹415.1 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 8,62,972 | 0.50% | ₹402.8 Cr |
| Nippon India Large Cap FundNippon India Mutual Fund | 7,59,818 | 0.69% | ₹354.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Hindustan Aeronautics competitors and peers
Aerospace & Defense, 35 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Hindustan Aeronautics in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Bharat ElectronicsBEL | 2,70,389 | 42.26 | 10.30 | +20.3% | +12.3% | 26.8% | 30.1% | 0.68% |
 Bharat DynamicsBDL | 35,703 | 68.56 | 8.42 | −18.7% | −7.1% | 12.6% | 6.4% | 0.50% |
 Garden Reach Shipbuilders & EngineersGRSE | 22,265 | 27.81 | 8.48 | +39.6% | +42.9% | 34.0% | 29.8% | 1.01% |
 Data Patterns (India)DATAPATTNS | 21,274 | 79.40 | 12.25 | +33.8% | +24.9% | 16.5% | 20.2% | 0.26% |
 Sigma Advanced SystemsSIGMAADV | 16,915 | – | – | – | – | – | 13.0% | 0.00% |
 Apollo Micro SystemsAPOLLO | 14,818 | 106.65 | 9.75 | +77.1% | +69.7% | 10.7% | 11.8% | 0.06% |
 Astra Microwave ProductsASTRAMICRO | 14,381 | 76.07 | 10.94 | +4.0% | +16.3% | 15.7% | 17.4% | 0.16% |
 Zen TechnologiesZENTEC | 14,342 | 79.63 | 7.59 | −23.5% | −28.2% | 10.0% | 10.0% | 0.06% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Hindustan Aeronautics dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹45.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 14 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹10.00 |
| 18 Feb 2026 | Interim | ₹35.00 |
| 21 Aug 2025 | Final | ₹15.00 |
| 18 Feb 2025 | Interim | ₹25.00 |
| 21 Aug 2024 | Final | ₹13.00 |
| 20 Feb 2024 | Interim | ₹22.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Hindustan Aeronautics announcements
Oct 2026
28 Oct · Management
27 Oct · Board meeting
22 Oct · Updates
7 Oct · Management
2 Oct · Business
Sep 2026
28 Sep · Management
Hindustan Aeronautics share price by year
Each calendar year to 2025.Hindustan Aeronautics share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,388.70 | +5.0% | 5,127.70 | 3,088.20 |
| 2024 | 4,178.35 | +49.0% | 5,621.95 | 2,791.80 |
| 2023 | 2,804.00 | +121.6% | 2,820.65 | 1,169.95 |
| 2022 | 1,265.63 | +109.1% | 1,391.65 | 616.85 |
| 2021 | 605.33 | +43.1% | 740.20 | 428.40 |
| 2020 | 423.13 | +15.9% | 646.80 | 239.63 |
| 2019 | 365.20 | −9.5% | 407.35 | 307.05 |
| 2018 | 403.43 | – | 574.63 | 371.03 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 28 Mar 2018.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 4,838.00 | 4,869.90 | 4,777.10 | 4,869.90 | 4,816.70 | 5,09,555 | 47.7% |
| 28 Oct 2026 | 4,800.00 | 4,854.00 | 4,748.00 | 4,850.00 | 4,811.65 | 4,43,033 | 42.5% |
| 27 Oct 2026 | 4,799.80 | 4,926.10 | 4,793.00 | 4,855.00 | 4,852.88 | 10,46,088 | 42.6% |
| 26 Oct 2026 | 4,716.00 | 4,814.90 | 4,642.00 | 4,775.00 | 4,749.17 | 5,78,319 | 41.6% |
| 23 Oct 2026 | 4,874.40 | 4,894.70 | 4,716.30 | 4,725.00 | 4,788.46 | 10,43,219 | 55.4% |
| 22 Oct 2026 | 4,790.00 | 4,901.90 | 4,765.20 | 4,875.00 | 4,854.33 | 9,07,135 | 54.5% |
| 21 Oct 2026 | 4,948.80 | 4,969.20 | 4,825.00 | 4,854.40 | 4,869.73 | 6,94,718 | 58.2% |
| 19 Oct 2026 | 4,980.00 | 5,012.00 | 4,923.00 | 4,959.00 | 4,967.36 | 5,83,323 | 55.0% |
| 16 Oct 2026 | 4,920.00 | 4,989.00 | 4,906.60 | 4,989.00 | 4,959.31 | 9,42,758 | 58.8% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 28 Sep 2023 | Split | 0.5000 | Each share became 2. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- HAL
- BSE code
- 541154
- ISIN
- INE066F01020
- Industry
- Aerospace & Defense
- Website
- www.hal-india.com
- CIN
- L35301KA1963GOI001622
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1963
- Registered office
- 15/1, Cubbon Road, Bengaluru 560001, Karnataka
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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