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Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.(Source : 202003 Annual Report Page No:46)
Business Segments1) Manufacturing (24% in FY25 vs 19% in FY23):The Company manufactures Aircraft, Helicopters, and their Engines, and Accessories.[1][2]The segmental revenue grew by 16% between FY25 and FY23. It has secured manufacturing contracts during the year, including major orders for: 156 LCH for the Indian Army and IAF, 240 AL-31FP engines for the IAF’s Su-30MKI fleet, 12 Su-30MKI aircraft for the IAF, Mid-Life Upgrade of Dornier-228 aircraft for the IAF[3][4][5][6]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Hind.Aeronautics | 4496.80 | 35.68 | 300765.25 | 0.89 | 1662.52 | 11.88 | 6628.46 | 10.91 | 33.86 | 32104.40 | 30.57 | 8430.52 | 1662.52 | 8.14 | 8.78 | 0.00 |
| 2. | Bharat Electron | 407.15 | 52.23 | 297470.37 | 0.59 | 1287.16 | 17.88 | 5792.09 | 25.78 | 38.88 | 25152.11 | 29.52 | 5695.67 | 1287.77 | 13.80 | 13.21 | 0.00 |
| 3. | Bharat Dynamics | 1528.00 | 85.56 | 55969.24 | 0.30 | 215.88 | 76.19 | 1147.03 | 110.55 | 19.66 | 4004.08 | 14.19 | 654.13 | 215.88 | 13.28 | 4.94 | 0.00 |
| 4. | Garden Reach Sh. | 2551.10 | 47.41 | 29224.50 | 0.54 | 153.79 | 57.30 | 1677.38 | 45.49 | 36.64 | 5900.30 | 9.56 | 616.41 | 153.79 | 12.73 | 5.02 | 0.01 |
| 5. | Data Pattern | 2896.90 | 69.50 | 16224.18 | 0.27 | 49.19 | 62.45 | 307.46 | 237.79 | 21.00 | 920.04 | 33.05 | 233.43 | 49.19 | 10.55 | 12.18 | 0.00 |
| 6. | Zen Technologies | 1374.70 | 50.21 | 12414.91 | 0.15 | 61.91 | -6.29 | 173.57 | -28.23 | 37.22 | 808.97 | 38.44 | 247.25 | 58.73 | 6.91 | 21.38 | 0.01 |
| 7. | Apollo Micro Sys | 265.95 | 111.41 | 9496.62 | 0.09 | 33.05 | 108.25 | 225.26 | 40.17 | 14.54 | 669.00 | 26.04 | 85.24 | 33.05 | 8.23 | 5.20 | 0.29 |
| – | Median: 25 Co. | 737.85 | 62.67 | 5053.34 | 0.13 | 15.67 | 36.16 | 125.17 | 21.39 | 18.72 | 417.14 | 22.96 | 46.35 | 15.67 | 7.27 | 8.11 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 5,666 | 6,061 | 6,957 | 3,915 | 4,348 | 4,819 | 12,495 | 14,769 | 13,700 | 5,145 | 5,636 | 5,977 | 6,628 |
Expenses | 4,680 | 4,627 | 5,276 | 3,036 | 3,354 | 3,535 | 9,252 | 8,872 | 8,408 | 3,535 | 4,107 | 4,346 | 5,071 |
Operating Profit | 986 | 1,434 | 1,681 | 880 | 994 | 1,284 | 3,242 | 5,896 | 5,292 | 1,610 | 1,529 | 1,630 | 1,557 |
Other Income | 497 | 460 | 631 | 411 | 738 | 749 | 722 | 557 | 653 | 261 | 471 | 550 | 889 |
Profit before tax | 1,212 | 1,681 | 2,035 | 1,089 | 1,582 | 1,848 | 2,854 | 5,778 | 5,200 | 1,619 | 1,650 | 2,003 | 2,220 |
Tax % | 5% | 25% | 30% | 25% | 9% | 25% | 0% | 26% | 24% | 25% | 25% | 26% | 25% |
Net Profit | 1,154 | 1,254 | 1,433 | 814 | 1,436 | 1,377 | 2,841 | 4,292 | 3,958 | 1,209 | 1,235 | 1,490 | 1,663 |
EPS in Rs | 17.25 | 18.74 | 21.42 | 12.17 | 21.47 | 20.59 | 42.48 | 64.18 | 59.19 | 18.08 | 18.47 | 22.28 | 24.86 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 15,135 | 15,730 | 16,758 | 17,950 | 18,519 | 20,008 | 21,438 | 22,882 | 24,620 | 26,928 | 30,381 | 30,981 | 32,104 |
Expenses | 13,565 | 13,379 | 14,281 | 14,714 | 15,059 | 15,440 | 16,565 | 17,541 | 19,200 | 20,258 | 20,631 | 21,371 | 22,290 |
Operating Profit | 1,570 | 2,351 | 2,478 | 3,236 | 3,460 | 4,569 | 4,873 | 5,341 | 5,420 | 6,669 | 9,749 | 9,610 | 9,814 |
Other Income | 2,618 | 1,642 | 1,598 | 1,044 | 761 | 376 | 412 | 360 | 986 | 1,672 | 1,899 | 2,571 | 2,922 |
Interest | 8 | 15 | 6 | 16 | 35 | 177 | 359 | 267 | 65 | 64 | 43 | 22 | 9 |
Depreciation | 603 | 806 | 863 | 681 | 947 | 1,024 | 998 | 1,157 | 1,110 | 1,784 | 1,406 | 1,340 | 1,424 |
Profit before tax | 3,578 | 3,173 | 3,207 | 3,583 | 3,240 | 3,742 | 3,928 | 4,277 | 5,231 | 6,493 | 10,199 | 10,820 | 11,303 |
Net Profit | 2,693 | 2,388 | 1,998 | 2,616 | 1,987 | 2,346 | 2,832 | 3,239 | 5,086 | 5,811 | 7,595 | 8,317 | 8,431 |
EPS in Rs | 27.93 | 24.77 | 27.63 | 36.18 | 29.72 | 35.08 | 42.35 | 48.44 | 76.05 | 86.89 | 113.57 | 124.36 | 126.06 |
Dividend Payout % | 33% | 20% | 31% | 31% | 54% | 28% | 39% | 31% | 26% | 32% | 31% | 32% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 482 | 482 | 362 | 362 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
Reserves | 14,533 | 16,304 | 10,658 | 12,175 | 9,151 | 11,741 | 12,856 | 15,034 | 18,930 | 23,172 | 28,712 | 34,508 | 36,628 |
Borrowings | 684 | 5 | 80 | 1,022 | 905 | 4,157 | 5,816 | 53 | 49 | 51 | 49 | 51 | 11 |
Other Liabilities | 48,180 | 47,252 | 45,420 | 38,149 | 38,044 | 35,238 | 35,120 | 37,601 | 40,871 | 45,632 | 51,704 | 73,651 | 86,005 |
Total Liabilities | 63,878 | 64,042 | 56,519 | 51,708 | 48,434 | 51,470 | 54,125 | 53,022 | 60,183 | 69,190 | 80,799 | 108,545 | 122,979 |
Fixed Assets | 2,088 | 7,191 | 6,925 | 7,350 | 7,566 | 7,454 | 7,351 | 7,158 | 6,758 | 6,827 | 6,730 | 6,663 | 9,055 |
Gross Block | 4,567 | 11,445 | 13,325 | 8,924 | 10,108 | 11,200 | 12,185 | 13,162 | 13,992 | 15,846 | 17,156 | 18,432 | – |
Accumulated Depreciation | 2,479 | 4,254 | 6,399 | 1,574 | 2,542 | 3,746 | 4,833 | 6,004 | 7,234 | 9,019 | 10,426 | 11,768 | – |
CWIP | 185 | 216 | 1,025 | 1,389 | 1,458 | 1,499 | 2,040 | 1,948 | 2,472 | 1,884 | 2,492 | 3,098 | 1,112 |
Investments | 707 | 745 | 886 | 981 | 989 | 902 | 940 | 1,055 | 1,294 | 1,385 | 1,497 | 1,627 | 1,627 |
Other Assets | 60,898 | 55,890 | 47,682 | 41,988 | 38,421 | 41,615 | 43,794 | 42,861 | 49,659 | 59,093 | 70,080 | 97,156 | 111,184 |
Total Assets | 63,878 | 64,042 | 56,519 | 51,708 | 48,434 | 51,470 | 54,125 | 53,022 | 60,183 | 69,190 | 80,799 | 108,545 | 122,979 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | – | -423 | -734 | -7,694 | 1,648 | 15,124 | 10,040 | 8,836 | 8,226 | 13,645 |
Cash from Investing Activity | – | – | – | 3,021 | 594 | 5,292 | -1,324 | -1,190 | -12,763 | -5,734 | -6,412 | -10,774 |
Cash from Financing Activity | – | – | – | -164 | -2,540 | 2,321 | -57 | -7,070 | -1,349 | -1,731 | -1,999 | -2,579 |
Net Cash Flow | – | – | – | 2,433 | -2,680 | -80 | 266 | 6,864 | -4,072 | 1,370 | -185 | 293 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 166 | 145 | 105 | 86 | 133 | 227 | 197 | 90 | 69 | 64 | 55 | 55 |
Inventory Days | 971 | 1,118 | 1,017 | 854 | 838 | 882 | 815 | 602 | 608 | 527 | 544 | 735 |
Days Payable | 90 | 101 | 91 | 62 | 69 | 113 | 164 | 76 | 96 | 116 | 116 | 156 |
Cash Conversion Cycle | 1,046 | 1,162 | 1,032 | 878 | 902 | 996 | 849 | 617 | 581 | 475 | 484 | 634 |
Working Capital Days | -68 | -22 | -5 | 74 | 102 | 221 | 187 | 146 | 111 | 38 | 37 | 121 |
ROCE % | 25% | 20% | 23% | 29% | 27% | 29% | 24% | 26% | 30% | 31% | 39% | 34% |
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