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Hindustan Aeron

₹3848.6 -73.8 | 1.9%

Market Cap ₹257381 Cr.

Stock P/E 33.8

P/B 8.2

Current Price ₹3848.6

Book Value ₹ 466.5

Face Value 5

52W High ₹5675

Dividend Yield 0.91%

52W Low ₹ 2826

Overview Inc. Year: 1963Industry: Defence

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 includes Su-30 MKI plane, Light Combat Aircraft (LCA) Tejas, Dornier Do-228 Aircraft, Advanced Light Helicopter (ALH) Dhruv, Light Combat Helicopter (LCH), Chetak helicopter, engines, add-ons and aerospace structures. The Company has evolved Basic Trainer Aircraft (HTT-40), Light Utility Helicopter (LUH), Light Combat Aircraft (LCA)- MK1A, Jaguar Darin III Upgrade, Hawk-i and improvement of engines.

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Hindustan Aeron Share Price

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Peer Comparison

Hindustan Aeron Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

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 TTM
Net Sales 15939 16759 17950 18520 20008 21445 22882 24620 26927 30381
Other Income 1649 1932 1042 762 376 297 357 985 1670 1897
Total Income 17588 18691 18991 19282 20384 21742 23240 25605 28598 32278
Total Expenditure 13555 14621 14687 15071 15457 16531 17538 19204 20242 20630
Operating Profit 4033 4070 4304 4211 4927 5211 5701 6401 8356 11648
Interest 21 6 16 35 178 360 267 65 64 43
Depreciation 822 863 713 947 1025 999 1158 1111 1785 1407
Exceptional Income / Expenses 2 0 0 0 0 119 2 0 0 0
Profit Before Tax 3191 3213 3592 3243 3725 3979 4283 5225 6510 10225
Provision for Tax 792 1209 967 1252 1396 1096 1038 145 682 2604
Profit After Tax 2399 2004 2625 1990 2328 2883 3246 5080 5828 7621
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2399 2004 2625 1990 2329 2883 3246 5080 5828 7621
Adjusted Earnings Per Share 24.9 27.7 36.3 29.8 34.8 43.1 48.5 76 87.1 114

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 10% 9% 0%
Operating Profit CAGR 39% 27% 19% 0%
PAT CAGR 31% 33% 27% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 31% 78% 55% NA%
ROE Average 29% 28% 26% 22%
ROCE Average 39% 33% 30% 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
Shareholder's Funds 16804 11032 12559 9511 12082 13249 15424 19313 23572 29138
Minority's Interest 0 0 0 -0 4 4 4 4 4 4
Borrowings 107 0 0 100 100 0 0 0 0 0
Other Non-Current Liabilities 11899 12849 13401 11981 10075 8427 10871 13487 11675 11175
Total Current Liabilities 35528 32650 25585 26097 28193 31127 25413 25023 30827 36324
Total Liabilities 64339 56532 51545 47689 50454 52807 51712 57826 66078 76641
Fixed Assets 7366 6549 7350 7566 7459 7357 7166 6766 6834 6737
Other Non-Current Assets 2014 4257 4020 3108 3347 4056 4168 6068 7359 6886
Total Current Assets 54959 45726 40176 37015 39648 41394 40378 44985 51877 63017
Total Assets 64339 56532 51545 47689 50454 52807 51712 57826 66078 76641

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
Opening Cash & Cash Equivalents 11238 1729 334 2804 107 27 279 7146 3070 4441
Cash Flow from Operating Activities -8882 3148 -405 -748 -7700 1527 15117 10173 8830 8223
Cash Flow from Investing Activities 710 1347 3012 597 5294 -1339 -1180 -12785 -5728 -6410
Cash Flow from Financing Activities -1274 -5880 -164 -2540 2326 64 -7070 -1464 -1731 -1999
Net Cash Inflow / Outflow -9446 -1385 2443 -2691 -80 252 6867 -4076 1370 -186
Closing Cash & Cash Equivalent 1792 344 2777 113 27 279 7146 3070 4441 4255

Hindustan Aeron Ratios

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

Hindustan Aeron Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 75.15 75.15 71.65 71.64 71.64 71.64 71.64 71.64 71.64 71.64
FII 6.85 7.13 9.07 11.91 12.63 12.94 12.42 11.68 11.85 12.26
DII 13.48 12.72 13.93 10.64 9.72 9.14 9.57 8.81 8.38 8.15
Public 4.53 4.99 5.34 5.82 6.01 6.29 6.37 7.87 8.13 7.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 26% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 102.84 to 108.05days.
  • Stock is trading at 8.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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