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Hindustan Aeron Overview

Hindustan Aeronautics Ltd is an India-based aerospace and defense company. The Company designs and develops a variety of aircrafts that consist of fighter aircrafts, instructor aircrafts, shipping aircrafts, navy helicopters, and civil helicopters. It additionally develops plane engines, avionics and add-ons, which includes unique test equipment, ground managing system, and floor assist equipment. The Company manufactures its plane by the use of each indigenous and licensed Russian and Western starting place technologies. Its range of aircrafts...Read More

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Hindustan Aeron Key Financials

Market Cap ₹296180 Cr.

Stock P/E 35.4

P/B 8

Current Price ₹4428.7

Book Value ₹ 555

Face Value 5

52W High ₹5166

Dividend Yield 0.9%

52W Low ₹ 3046

Hindustan Aeron Share Price

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Volume
Price

Hindustan Aeron Quarterly Price

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Hindustan Aeron Peer Comparison

Hindustan Aeron Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 3915 5636 6061 14769 4348 5976 6957 13700 4819 6629
Other Income 410 469 460 557 736 542 631 652 747 888
Total Income 4325 6105 6521 15326 5084 6519 7589 14351 5566 7516
Total Expenditure 3039 4108 4626 8867 3357 4336 5275 8405 3537 5071
Operating Profit 1287 1997 1895 6459 1727 2182 2314 5946 2029 2446
Interest 0 0 0 31 0 0 0 8 0 0
Depreciation 201 350 212 644 149 178 277 736 185 226
Exceptional Income / Expenses 0 0 0 0 0 6 0 0 0 0
Profit Before Tax 1085 1647 1683 5783 1578 2011 2037 5202 1844 2220
Provision for Tax 275 415 428 1486 147 512 602 1242 471 558
Profit After Tax 810 1232 1255 4297 1431 1498 1434 3959 1373 1662
Adjustments 4 4 7 12 6 12 5 17 10 7
Profit After Adjustments 814 1237 1261 4309 1437 1510 1440 3977 1384 1669
Adjusted Earnings Per Share 12.2 18.5 18.9 64.4 21.5 22.6 21.5 59.5 20.7 25

Hindustan Aeron Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 15939 16759 17950 18520 20008 21445 22882 24620 26927 30381 30981 32105
Other Income 1649 1932 1042 762 376 297 357 985 1670 1897 2562 2918
Total Income 17588 18691 18991 19282 20384 21742 23240 25605 28598 32278 33543 35022
Total Expenditure 13555 14621 14687 15071 15457 16531 17538 19204 20242 20630 21360 22288
Operating Profit 4033 4070 4304 4211 4927 5211 5701 6401 8356 11648 12183 12735
Interest 21 6 16 35 178 360 267 65 64 43 22 8
Depreciation 822 863 713 947 1025 999 1158 1111 1785 1407 1340 1424
Exceptional Income / Expenses 2 0 0 0 0 119 2 0 0 0 6 0
Profit Before Tax 3191 3213 3592 3243 3725 3979 4283 5225 6510 10225 10867 11303
Provision for Tax 792 1209 967 1252 1396 1096 1038 145 682 2604 2503 2873
Profit After Tax 2399 2004 2625 1990 2328 2883 3246 5080 5828 7621 8364 8428
Adjustments 0 0 0 0 0 0 0 0 0 0 0 39
Profit After Adjustments 2399 2004 2625 1990 2329 2883 3246 5080 5828 7621 8364 8470
Adjusted Earnings Per Share 24.9 27.7 36.3 29.8 34.8 43.1 48.5 76 87.1 114 125.1 126.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 8% 8% 7%
Operating Profit CAGR 5% 24% 19% 12%
PAT CAGR 10% 18% 24% 13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 13% 53% 56% NA%
ROE Average 26% 27% 27% 22%
ROCE Average 34% 34% 32% 28%

Hindustan Aeron Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 16804 11032 12559 9511 12082 13249 15424 19313 23572 29138 34982
Minority's Interest 0 0 0 -0 4 4 4 4 4 4 4
Borrowings 107 0 0 100 100 0 0 0 0 0 0
Other Non-Current Liabilities 11899 12849 13401 11981 10075 8427 10871 13487 11675 11175 25618
Total Current Liabilities 35528 32650 25585 26097 28193 31127 25413 25023 30827 36324 44095
Total Liabilities 64339 56532 51545 47689 50454 52807 51712 57826 66078 76641 104699
Fixed Assets 7366 6549 7350 7566 7459 7357 7166 6766 6834 6737 6671
Other Non-Current Assets 2014 4257 4020 3108 3347 4056 4168 6068 7359 6886 7933
Total Current Assets 54959 45726 40176 37015 39648 41394 40378 44985 51877 63017 90095
Total Assets 64339 56532 51545 47689 50454 52807 51712 57826 66078 76641 104699

Hindustan Aeron Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 11238 1729 334 2804 107 27 279 7146 3070 4441 4255
Cash Flow from Operating Activities -8882 3148 -405 -748 -7700 1527 15117 10173 8830 8223 13643
Cash Flow from Investing Activities 710 1347 3012 597 5294 -1339 -1180 -12785 -5728 -6410 -10771
Cash Flow from Financing Activities -1274 -5880 -164 -2540 2326 64 -7070 -1464 -1731 -1999 -2579
Net Cash Inflow / Outflow -9446 -1385 2443 -2691 -80 252 6867 -4076 1370 -186 294
Closing Cash & Cash Equivalent 1792 344 2777 113 27 279 7146 3070 4441 4255 4549

Hindustan Aeron Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 24.89 27.72 36.3 29.76 34.82 43.11 48.54 75.96 87.14 113.95 125.07
CEPS(Rs) 33.42 39.66 46.16 43.92 50.15 58.03 65.84 92.56 113.83 134.99 145.11
DPS(Rs) 4.98 8.7 11.05 16.1 9.9 16.5 15 25 27.5 35 40
Book NAV/Share(Rs) 174.32 152.59 173.71 142.22 180.66 198.1 230.63 288.78 352.46 435.69 523.07
Core EBITDA Margin(%) 14.96 12.46 17.59 18.52 22.75 22.92 23.35 22 24.83 32.1 31.05
EBIT Margin(%) 20.15 18.76 19.45 17.6 19.5 20.23 19.89 21.49 24.41 33.8 35.15
Pre Tax Margin(%) 20.02 18.73 19.36 17.41 18.62 18.55 18.72 21.22 24.17 33.66 35.08
PAT Margin (%) 15.05 11.68 14.15 10.69 11.64 13.44 14.18 20.63 21.64 25.08 27
Cash Profit Margin (%) 20.21 16.71 17.99 15.77 16.76 18.1 19.24 25.14 28.27 29.72 31.32
ROA(%) 3.73 3.32 4.86 4.01 4.74 5.58 6.21 9.28 9.41 10.68 9.22
ROE(%) 14.28 14.4 22.25 18.04 21.57 22.76 22.64 29.25 27.18 28.92 26.09
ROCE(%) 18.91 22.91 29.22 27.31 29.28 24.5 26.26 30.37 30.59 38.89 33.91
Receivable days 144.42 118.53 89.09 107.51 175.21 201.63 134.81 76.42 63.44 56.08 54.58
Inventory Days 576.77 522.98 445.63 398.61 355.93 332.75 287.99 229.94 179.58 152.38 205.55
Payable days 102.62 95.2 73.86 67.39 88.72 130.51 103.38 87.83 102.84 108.05 126.52
PER(x) 0 0 0 18.96 10.19 6.18 10.25 9.79 15.67 29.2 33.39
Price/Book(x) 0 0 0 3.97 1.96 1.35 2.16 2.57 3.87 7.64 7.98
Dividend Yield(%) 0 0 0 2.85 2.79 6.19 3.02 3.36 2.01 1.05 0.96
EV/Net Sales(x) -1.07 -0.77 -0.54 1.73 1.39 1.09 1.14 1.44 2.64 6.46 7.78
EV/Core EBITDA(x) -4.24 -3.16 -2.27 7.62 5.64 4.5 4.58 5.53 8.5 16.84 19.79
Net Sales Growth(%) 0 5.14 7.11 3.17 8.04 7.18 6.7 7.59 9.37 12.83 1.97
EBIT Growth(%) 0 0.21 12.08 -9.17 19.07 11.17 4.89 16.25 24.28 56.19 6.05
PAT Growth(%) 0 -16.45 30.96 -24.18 16.99 23.8 12.59 56.52 14.72 30.77 9.75
EPS Growth(%) 0 11.4 30.96 -18.02 16.99 23.8 12.6 56.5 14.72 30.77 9.75
Debt/Equity(x) 0.01 0.01 0.08 0.1 0.34 0.45 0 0 0 0 0
Current Ratio(x) 1.55 1.4 1.57 1.42 1.41 1.33 1.59 1.8 1.68 1.73 2.04
Quick Ratio(x) 0.84 0.67 0.74 0.68 0.71 0.71 0.93 1.22 1.29 1.37 1.55
Interest Cover(x) 149.49 545.63 219.34 94.66 21.97 12.06 17.05 81.08 102.06 240.85 503.65
Total Debt/Mcap(x) 0 0 0 0.02 0.18 0.33 0 0 0 0 0

Hindustan Aeron Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 71.64 71.64 71.64 71.64 71.64 71.64 71.64 71.64 71.64 71.64
FII 12.63 12.94 12.42 11.68 11.85 12.26 12.08 11.9 12 10.86
DII 9.72 9.14 9.57 8.81 8.38 8.15 8.3 8.73 8.71 9.74
Public 6.01 6.29 6.37 7.87 8.13 7.95 7.98 7.73 7.65 7.76
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Hindustan Aeron News

Hindustan Aeron Pros & Cons

Pros

  • Company has delivered good profit growth of 23% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 108.05 to 126.52days.
  • Stock is trading at 8 times its book value.
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