Skip to content
Industry
This is research, not advice. We’re not SEBI-registered.

HAL share price today

Hindustan Aeronautics Ltd · NSE: HAL · Aerospace & Defence - Equipments · price as of the 6 November 2026 close, updated every trading day · results updated weekly · research updated 15 May 2026

HAL share price today: ₹4,980.00 at the NSE close on 6 November 2026, up 7.6% in a year. Hindustan Aeronautics (NSE: HAL) is worth ₹3,33,319 crore, trades at a P/E of 35.8 and has closed between ₹3,588.60 and ₹5,043.00 over the past 52 weeks. Latest change: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row.

Growing steadilyBusiness trend from the last 12 quarters
₹4,980.00Price +7.6% in a year
35.8×P/E higher than 86% of the last 8.6 years
₹5,515 CrRevenue (Jun 2026) +14.4% on a year ago
₹1,590 CrProfit (Jun 2026) +14.9% on a year ago
28.0%Operating margin +1.0 points on a year ago
32%ROCE FY26
11.4%ROIC against a 12.0% cost of capital: −0.6 points

Hindustan Aeronautics Ltd's earnings have grown faster than its share price. Earnings per share grew +9.0% in a year while the price moved +7.6%.

The main question: results are strong, and the P/E is higher than 86% of its own history.

The price has been rising for 17 weeks, and the P/E is higher than 86% of its own last 8.6 years. Over the last four quarters, results have been improving, with profit +14.9% on a year earlier, and 131% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow enough to match the multiple.

What is the HAL share price today?

Hindustan Aeronautics Ltd's share price was ₹4,980.00 at the close on 6 November 2026. It has been rising for 17 weeks. That is 8.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,589 and ₹5,043, and at that close it sat 96% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Hindustan Aeronautics Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 19 weeks in a row.

1Y

Nov 2026: ₹4,980, 8.2% above its 200-day average. The price has been rising for 17 weeks.

  • Price ₹4,980
  • 50-day avg ₹4,822
  • 200-day avg ₹4,601
Nov 2026: ₹4,980, 8.2% above its 200-day average. The price has been rising for 17 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹4,680₹4,730₹4,534
7 Nov 2025₹4,627₹4,718₹4,539
14 Nov 2025₹4,730₹4,728₹4,550
21 Nov 2025₹4,595₹4,728₹4,559
28 Nov 2025₹4,542₹4,684₹4,555
5 Dec 2025₹4,443₹4,648₹4,552
12 Dec 2025₹4,303₹4,585₹4,540
19 Dec 2025₹4,305₹4,529₹4,527
26 Dec 2025₹4,409₹4,511₹4,522
2 Jan 2026₹4,418₹4,487₹4,515
9 Jan 2026₹4,462₹4,490₹4,514
16 Jan 2026₹4,429₹4,486₹4,513
23 Jan 2026₹4,306₹4,462₹4,505
1 Feb 2026₹4,377₹4,471₹4,505
6 Feb 2026₹4,068₹4,425₹4,492
13 Feb 2026₹4,212₹4,378₹4,475
20 Feb 2026₹4,170₹4,346₹4,462
27 Feb 2026₹3,913₹4,279₹4,439
6 Mar 2026₹4,024₹4,228₹4,419
13 Mar 2026₹3,914₹4,185₹4,398
20 Mar 2026₹3,782₹4,130₹4,373
27 Mar 2026₹3,589₹4,057₹4,344
2 Apr 2026₹3,687₹4,007₹4,323
10 Apr 2026₹4,112₹3,993₹4,303
17 Apr 2026₹4,388₹4,035₹4,302
24 Apr 2026₹4,266₹4,091₹4,304
30 Apr 2026₹4,339₹4,127₹4,305
8 May 2026₹4,788₹4,227₹4,323
15 May 2026₹4,386₹4,292₹4,336
22 May 2026₹4,368₹4,301₹4,337
29 May 2026₹4,304₹4,315₹4,339
4 Jun 2026₹4,191₹4,304₹4,335
5 Jun 2026₹4,217₹4,301₹4,334
9 Jun 2026₹4,264₹4,297₹4,332
10 Jun 2026₹4,219₹4,294₹4,331
12 Jun 2026₹4,192₹4,286₹4,328
17 Jun 2026₹4,461₹4,291₹4,328
19 Jun 2026₹4,408₹4,300₹4,330
24 Jun 2026₹4,369₹4,318₹4,334
25 Jun 2026₹4,369₹4,320₹4,334
1 Jul 2026₹4,434₹4,328₹4,336
3 Jul 2026₹4,429₹4,336₹4,338
10 Jul 2026₹4,507₹4,351₹4,342
17 Jul 2026₹4,501₹4,371₹4,347
24 Jul 2026₹4,573₹4,406₹4,358
31 Jul 2026₹4,647₹4,443₹4,370
7 Aug 2026₹4,910₹4,501₹4,389
14 Aug 2026₹5,030₹4,585₹4,417
21 Aug 2026₹5,000₹4,666₹4,447
28 Aug 2026₹4,861₹4,706₹4,469
4 Sep 2026₹4,856₹4,724₹4,485
11 Sep 2026₹4,905₹4,764₹4,508
18 Sep 2026₹4,800₹4,762₹4,517
25 Sep 2026₹4,800₹4,770₹4,531
28 Sep 2026₹4,733₹4,768₹4,533
1 Oct 2026₹4,601₹4,750₹4,535
9 Oct 2026₹4,656₹4,743₹4,544
16 Oct 2026₹4,989₹4,770₹4,561
23 Oct 2026₹4,725₹4,782₹4,572
30 Oct 2026₹4,854₹4,793₹4,585
6 Nov 2026₹4,980₹4,822₹4,601
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹4,980, 8.2% above its 200-day average. The price has been rising for 17 weeks.

  • Price ₹4,980
  • 50-day avg ₹4,822
  • 200-day avg ₹4,601
Nov 2026: ₹4,980, 8.2% above its 200-day average. The price has been rising for 17 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023₹1,902₹1,909₹1,695
12 Nov 2023₹2,074₹1,935₹1,714
17 Nov 2023₹2,126₹1,959₹1,729
24 Nov 2023₹2,240₹1,995₹1,750
1 Dec 2023₹2,462₹2,051₹1,775
8 Dec 2023₹2,734₹2,159₹1,817
15 Dec 2023₹2,762₹2,269₹1,863
22 Dec 2023₹2,704₹2,353₹1,906
29 Dec 2023₹2,804₹2,421₹1,941
5 Jan 2024₹2,999₹2,504₹1,987
12 Jan 2024₹3,002₹2,596₹2,037
20 Jan 2024₹3,005₹2,682₹2,093
25 Jan 2024₹2,904₹2,707₹2,117
2 Feb 2024₹2,971₹2,759₹2,160
9 Feb 2024₹2,965₹2,799₹2,200
16 Feb 2024₹3,079₹2,830₹2,237
23 Feb 2024₹3,046₹2,862₹2,274
2 Mar 2024₹3,157₹2,914₹2,323
7 Mar 2024₹3,317₹2,964₹2,359
15 Mar 2024₹3,099₹3,004₹2,399
22 Mar 2024₹3,171₹3,020₹2,433
28 Mar 2024₹3,327₹3,052₹2,459
5 Apr 2024₹3,586₹3,139₹2,511
12 Apr 2024₹3,638₹3,205₹2,553
19 Apr 2024₹3,751₹3,277₹2,598
26 Apr 2024₹3,984₹3,392₹2,662
3 May 2024₹3,920₹3,475₹2,712
10 May 2024₹3,873₹3,538₹2,767
18 May 2024₹4,731₹3,714₹2,859
24 May 2024₹5,167₹3,898₹2,941
31 May 2024₹4,974₹4,103₹3,043
7 Jun 2024₹4,745₹4,206₹3,122
14 Jun 2024₹5,201₹4,346₹3,213
21 Jun 2024₹5,171₹4,490₹3,295
28 Jun 2024₹5,264₹4,638₹3,394
5 Jul 2024₹5,552₹4,786₹3,494
12 Jul 2024₹5,489₹4,922₹3,594
19 Jul 2024₹4,800₹4,956₹3,655
26 Jul 2024₹4,905₹4,943₹3,715
2 Aug 2024₹4,696₹4,931₹3,772
9 Aug 2024₹4,724₹4,880₹3,815
16 Aug 2024₹4,770₹4,856₹3,850
23 Aug 2024₹4,823₹4,840₹3,895
30 Aug 2024₹4,680₹4,814₹3,934
6 Sep 2024₹4,703₹4,807₹3,975
13 Sep 2024₹4,645₹4,778₹4,008
20 Sep 2024₹4,333₹4,710₹4,027
27 Sep 2024₹4,474₹4,657₹4,046
4 Oct 2024₹4,257₹4,610₹4,058
11 Oct 2024₹4,446₹4,567₹4,073
18 Oct 2024₹4,525₹4,565₹4,097
25 Oct 2024₹4,166₹4,513₹4,106
1 Nov 2024₹4,288₹4,464₹4,112
8 Nov 2024₹4,401₹4,442₹4,123
14 Nov 2024₹4,087₹4,407₹4,127
22 Nov 2024₹4,111₹4,355₹4,124
29 Nov 2024₹4,477₹4,367₹4,138
6 Dec 2024₹4,560₹4,397₹4,158
13 Dec 2024₹4,670₹4,442₹4,181
20 Dec 2024₹4,190₹4,446₹4,195
27 Dec 2024₹4,233₹4,413₹4,197
3 Jan 2025₹4,206₹4,371₹4,196
10 Jan 2025₹4,001₹4,320₹4,191
17 Jan 2025₹4,117₹4,244₹4,176
24 Jan 2025₹3,850₹4,196₹4,167
1 Feb 2025₹3,775₹4,100₹4,142
7 Feb 2025₹3,819₹4,035₹4,122
14 Feb 2025₹3,514₹3,962₹4,099
21 Feb 2025₹3,369₹3,859₹4,064
28 Feb 2025₹3,088₹3,767₹4,032
7 Mar 2025₹3,452₹3,694₹3,999
13 Mar 2025₹3,396₹3,654₹3,977
21 Mar 2025₹3,891₹3,663₹3,963
28 Mar 2025₹4,177₹3,746₹3,971
4 Apr 2025₹4,239₹3,821₹3,982
11 Apr 2025₹4,107₹3,855₹3,984
17 Apr 2025₹4,220₹3,895₹3,991
25 Apr 2025₹4,196₹3,965₹4,005
2 May 2025₹4,492₹4,045₹4,025
9 May 2025₹4,501₹4,126₹4,048
16 May 2025₹5,128₹4,244₹4,083
23 May 2025₹4,962₹4,377₹4,126
30 May 2025₹4,974₹4,490₹4,169
6 Jun 2025₹4,989₹4,584₹4,210
13 Jun 2025₹5,026₹4,664₹4,250
20 Jun 2025₹4,973₹4,724₹4,286
27 Jun 2025₹4,898₹4,753₹4,315
4 Jul 2025₹4,993₹4,783₹4,345
11 Jul 2025₹4,866₹4,815₹4,375
18 Jul 2025₹4,652₹4,815₹4,397
25 Jul 2025₹4,553₹4,792₹4,411
1 Aug 2025₹4,439₹4,740₹4,415
8 Aug 2025₹4,441₹4,701₹4,421
14 Aug 2025₹4,555₹4,669₹4,423
22 Aug 2025₹4,473₹4,634₹4,426
29 Aug 2025₹4,333₹4,596₹4,424
5 Sep 2025₹4,405₹4,567₹4,425
12 Sep 2025₹4,746₹4,566₹4,431
19 Sep 2025₹4,916₹4,620₹4,452
26 Sep 2025₹4,736₹4,646₹4,468
3 Oct 2025₹4,870₹4,668₹4,480
10 Oct 2025₹4,833₹4,697₹4,497
17 Oct 2025₹4,879₹4,719₹4,513
24 Oct 2025₹4,814₹4,736₹4,525
31 Oct 2025₹4,680₹4,730₹4,534
7 Nov 2025₹4,627₹4,718₹4,539
14 Nov 2025₹4,730₹4,728₹4,550
21 Nov 2025₹4,595₹4,728₹4,559
28 Nov 2025₹4,542₹4,684₹4,555
5 Dec 2025₹4,443₹4,648₹4,552
12 Dec 2025₹4,303₹4,585₹4,540
19 Dec 2025₹4,305₹4,529₹4,527
26 Dec 2025₹4,409₹4,511₹4,522
2 Jan 2026₹4,418₹4,487₹4,515
9 Jan 2026₹4,462₹4,490₹4,514
16 Jan 2026₹4,429₹4,486₹4,513
23 Jan 2026₹4,306₹4,462₹4,505
1 Feb 2026₹4,377₹4,471₹4,505
6 Feb 2026₹4,068₹4,425₹4,492
13 Feb 2026₹4,212₹4,378₹4,475
20 Feb 2026₹4,170₹4,346₹4,462
27 Feb 2026₹3,913₹4,279₹4,439
6 Mar 2026₹4,024₹4,228₹4,419
13 Mar 2026₹3,914₹4,185₹4,398
20 Mar 2026₹3,782₹4,130₹4,373
27 Mar 2026₹3,589₹4,057₹4,344
2 Apr 2026₹3,687₹4,007₹4,323
10 Apr 2026₹4,112₹3,993₹4,303
17 Apr 2026₹4,388₹4,035₹4,302
24 Apr 2026₹4,266₹4,091₹4,304
30 Apr 2026₹4,339₹4,127₹4,305
8 May 2026₹4,788₹4,227₹4,323
15 May 2026₹4,386₹4,292₹4,336
22 May 2026₹4,368₹4,301₹4,337
29 May 2026₹4,304₹4,315₹4,339
4 Jun 2026₹4,191₹4,304₹4,335
5 Jun 2026₹4,217₹4,301₹4,334
9 Jun 2026₹4,264₹4,297₹4,332
10 Jun 2026₹4,219₹4,294₹4,331
12 Jun 2026₹4,192₹4,286₹4,328
17 Jun 2026₹4,461₹4,291₹4,328
19 Jun 2026₹4,408₹4,300₹4,330
24 Jun 2026₹4,369₹4,318₹4,334
25 Jun 2026₹4,369₹4,320₹4,334
1 Jul 2026₹4,434₹4,328₹4,336
3 Jul 2026₹4,429₹4,336₹4,338
10 Jul 2026₹4,507₹4,351₹4,342
17 Jul 2026₹4,501₹4,371₹4,347
24 Jul 2026₹4,573₹4,406₹4,358
31 Jul 2026₹4,647₹4,443₹4,370
7 Aug 2026₹4,910₹4,501₹4,389
14 Aug 2026₹5,030₹4,585₹4,417
21 Aug 2026₹5,000₹4,666₹4,447
28 Aug 2026₹4,861₹4,706₹4,469
4 Sep 2026₹4,856₹4,724₹4,485
11 Sep 2026₹4,905₹4,764₹4,508
18 Sep 2026₹4,800₹4,762₹4,517
25 Sep 2026₹4,800₹4,770₹4,531
28 Sep 2026₹4,733₹4,768₹4,533
1 Oct 2026₹4,601₹4,750₹4,535
9 Oct 2026₹4,656₹4,743₹4,544
16 Oct 2026₹4,989₹4,770₹4,561
23 Oct 2026₹4,725₹4,782₹4,572
30 Oct 2026₹4,854₹4,793₹4,585
6 Nov 2026₹4,980₹4,822₹4,601
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

5Y

Nov 2026: ₹4,980, 8.2% above its 200-day average. The price has been rising for 17 weeks.

  • Price ₹4,980
  • 50-day avg ₹4,822
  • 200-day avg ₹4,601
Nov 2026: ₹4,980, 8.2% above its 200-day average. The price has been rising for 17 weeks.
WeekPrice50-day avg200-day avg
4 Nov 2021₹670₹660₹569
18 Nov 2021₹692₹671₹580
3 Dec 2021₹648₹668₹588
17 Dec 2021₹624₹660₹593
31 Dec 2021₹605₹644₹595
14 Jan 2022₹683₹644₹599
28 Jan 2022₹709₹663₹608
11 Feb 2022₹690₹676₹617
25 Feb 2022₹657₹671₹622
11 Mar 2022₹693₹674₹627
25 Mar 2022₹697₹684₹634
8 Apr 2022₹810₹709₹645
22 Apr 2022₹839₹745₹661
6 May 2022₹791₹763₹673
20 May 2022₹879₹778₹686
3 Jun 2022₹949₹823₹707
17 Jun 2022₹949₹860₹729
1 Jul 2022₹868₹869₹744
15 Jul 2022₹863₹870₹756
29 Jul 2022₹1,013₹896₹774
12 Aug 2022₹1,135₹945₹798
26 Aug 2022₹1,137₹1,001₹827
9 Sep 2022₹1,217₹1,057₹858
23 Sep 2022₹1,219₹1,122₹896
7 Oct 2022₹1,230₹1,139₹920
21 Oct 2022₹1,201₹1,160₹946
4 Nov 2022₹1,280₹1,189₹973
18 Nov 2022₹1,311₹1,217₹1,000
2 Dec 2022₹1,387₹1,267₹1,035
16 Dec 2022₹1,293₹1,294₹1,065
30 Dec 2022₹1,266₹1,286₹1,084
13 Jan 2023₹1,231₹1,273₹1,100
27 Jan 2023₹1,233₹1,264₹1,112
10 Feb 2023₹1,201₹1,245₹1,121
24 Feb 2023₹1,267₹1,256₹1,136
10 Mar 2023₹1,425₹1,290₹1,156
24 Mar 2023₹1,284₹1,306₹1,174
6 Apr 2023₹1,384₹1,317₹1,185
21 Apr 2023₹1,391₹1,344₹1,204
5 May 2023₹1,472₹1,377₹1,226
19 May 2023₹1,537₹1,422₹1,253
2 Jun 2023₹1,584₹1,460₹1,280
16 Jun 2023₹1,922₹1,575₹1,330
30 Jun 2023₹1,896₹1,667₹1,377
14 Jul 2023₹1,918₹1,744₹1,426
28 Jul 2023₹1,965₹1,805₹1,474
11 Aug 2023₹1,896₹1,836₹1,515
25 Aug 2023₹1,955₹1,870₹1,552
8 Sep 2023₹2,053₹1,908₹1,593
22 Sep 2023₹1,935₹1,929₹1,626
6 Oct 2023₹1,956₹1,930₹1,653
20 Oct 2023₹1,913₹1,938₹1,681
3 Nov 2023₹1,902₹1,909₹1,695
17 Nov 2023₹2,126₹1,959₹1,729
1 Dec 2023₹2,462₹2,051₹1,775
15 Dec 2023₹2,762₹2,269₹1,863
29 Dec 2023₹2,804₹2,421₹1,941
12 Jan 2024₹3,002₹2,596₹2,037
25 Jan 2024₹2,904₹2,707₹2,117
9 Feb 2024₹2,965₹2,799₹2,200
23 Feb 2024₹3,046₹2,862₹2,274
7 Mar 2024₹3,317₹2,964₹2,359
22 Mar 2024₹3,171₹3,020₹2,433
5 Apr 2024₹3,586₹3,139₹2,511
19 Apr 2024₹3,751₹3,277₹2,598
3 May 2024₹3,920₹3,475₹2,712
18 May 2024₹4,731₹3,714₹2,859
31 May 2024₹4,974₹4,103₹3,043
14 Jun 2024₹5,201₹4,346₹3,213
28 Jun 2024₹5,264₹4,638₹3,394
12 Jul 2024₹5,489₹4,922₹3,594
26 Jul 2024₹4,905₹4,943₹3,715
9 Aug 2024₹4,724₹4,880₹3,815
23 Aug 2024₹4,823₹4,840₹3,895
6 Sep 2024₹4,703₹4,807₹3,975
20 Sep 2024₹4,333₹4,710₹4,027
4 Oct 2024₹4,257₹4,610₹4,058
18 Oct 2024₹4,525₹4,565₹4,097
1 Nov 2024₹4,288₹4,464₹4,112
14 Nov 2024₹4,087₹4,407₹4,127
29 Nov 2024₹4,477₹4,367₹4,138
13 Dec 2024₹4,670₹4,442₹4,181
27 Dec 2024₹4,233₹4,413₹4,197
10 Jan 2025₹4,001₹4,320₹4,191
24 Jan 2025₹3,850₹4,196₹4,167
7 Feb 2025₹3,819₹4,035₹4,122
21 Feb 2025₹3,369₹3,859₹4,064
7 Mar 2025₹3,452₹3,694₹3,999
21 Mar 2025₹3,891₹3,663₹3,963
4 Apr 2025₹4,239₹3,821₹3,982
17 Apr 2025₹4,220₹3,895₹3,991
2 May 2025₹4,492₹4,045₹4,025
16 May 2025₹5,128₹4,244₹4,083
30 May 2025₹4,974₹4,490₹4,169
13 Jun 2025₹5,026₹4,664₹4,250
27 Jun 2025₹4,898₹4,753₹4,315
11 Jul 2025₹4,866₹4,815₹4,375
25 Jul 2025₹4,553₹4,792₹4,411
8 Aug 2025₹4,441₹4,701₹4,421
22 Aug 2025₹4,473₹4,634₹4,426
5 Sep 2025₹4,405₹4,567₹4,425
19 Sep 2025₹4,916₹4,620₹4,452
3 Oct 2025₹4,870₹4,668₹4,480
17 Oct 2025₹4,879₹4,719₹4,513
31 Oct 2025₹4,680₹4,730₹4,534
14 Nov 2025₹4,730₹4,728₹4,550
28 Nov 2025₹4,542₹4,684₹4,555
12 Dec 2025₹4,303₹4,585₹4,540
26 Dec 2025₹4,409₹4,511₹4,522
9 Jan 2026₹4,462₹4,490₹4,514
23 Jan 2026₹4,306₹4,462₹4,505
6 Feb 2026₹4,068₹4,425₹4,492
20 Feb 2026₹4,170₹4,346₹4,462
6 Mar 2026₹4,024₹4,228₹4,419
20 Mar 2026₹3,782₹4,130₹4,373
2 Apr 2026₹3,687₹4,007₹4,323
17 Apr 2026₹4,388₹4,035₹4,302
30 Apr 2026₹4,339₹4,127₹4,305
15 May 2026₹4,386₹4,292₹4,336
29 May 2026₹4,304₹4,315₹4,339
5 Jun 2026₹4,217₹4,301₹4,334
10 Jun 2026₹4,219₹4,294₹4,331
17 Jun 2026₹4,461₹4,291₹4,328
24 Jun 2026₹4,369₹4,318₹4,334
1 Jul 2026₹4,434₹4,328₹4,336
10 Jul 2026₹4,507₹4,351₹4,342
24 Jul 2026₹4,573₹4,406₹4,358
7 Aug 2026₹4,910₹4,501₹4,389
21 Aug 2026₹5,000₹4,666₹4,447
4 Sep 2026₹4,856₹4,724₹4,485
18 Sep 2026₹4,800₹4,762₹4,517
28 Sep 2026₹4,733₹4,768₹4,533
9 Oct 2026₹4,656₹4,743₹4,544
23 Oct 2026₹4,725₹4,782₹4,572
6 Nov 2026₹4,980₹4,822₹4,601
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 5-year window.

Price stage: Rising from Oct 2025 to Jan 2026; Falling from Jan 2026 to Jun 2026; Sideways from Jun 2026 to Jul 2026; Rising from Jul 2026 to Oct 2026.

Price stage: Rising from Nov 2023 to Feb 2025; Falling from Feb 2025 to May 2025; Rising from May 2025 to Jan 2026; Falling from Jan 2026 to Jun 2026; Sideways from Jun 2026 to Jul 2026; Rising from Jul 2026 to Oct 2026.

Price stage: Rising from Nov 2021 to Feb 2025; Falling from Feb 2025 to May 2025; Rising from May 2025 to Jan 2026; Falling from Jan 2026 to Jun 2026; Sideways from Jun 2026 to Jul 2026; Rising from Jul 2026 to Oct 2026.

Week by week since 2018: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 264 of 444 weeks

Week by week since 2018: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
28 Mar 2018no NIFTY 500 reading
6 Apr 2018no NIFTY 500 reading
13 Apr 2018no NIFTY 500 reading
20 Apr 2018no NIFTY 500 reading
27 Apr 2018no NIFTY 500 reading
4 May 2018no NIFTY 500 reading
11 May 2018no NIFTY 500 reading
18 May 2018no NIFTY 500 reading
25 May 2018no NIFTY 500 reading
1 Jun 2018no NIFTY 500 reading
8 Jun 2018no NIFTY 500 reading
15 Jun 2018no NIFTY 500 reading
22 Jun 2018no NIFTY 500 reading
29 Jun 2018−27.9%
6 Jul 2018−26.1%
13 Jul 2018−25.9%
20 Jul 2018−31.3%
27 Jul 2018−32.1%
3 Aug 2018−15.4%
10 Aug 2018−14.1%
17 Aug 2018−18.2%
24 Aug 2018−20.2%
31 Aug 2018−19.4%
7 Sep 2018−9.8%
14 Sep 2018−6.6%
21 Sep 2018−2.8%
28 Sep 2018−6.2%
5 Oct 2018+2.0%
12 Oct 2018−0.4%
19 Oct 2018+8.8%
26 Oct 2018+3.9%
2 Nov 2018−13.1%
9 Nov 2018+2.4%
16 Nov 2018−2.5%
22 Nov 2018−1.2%
30 Nov 2018−3.9%
7 Dec 2018−10.8%
14 Dec 2018−14.5%
21 Dec 2018−10.4%
28 Dec 2018+0.9%
4 Jan 2019−1.5%
11 Jan 2019−4.9%
18 Jan 2019−5.4%
25 Jan 2019−2.1%
1 Feb 2019−8.9%
8 Feb 2019−29.0%
15 Feb 2019−23.3%
22 Feb 2019−16.5%
1 Mar 2019−17.4%
8 Mar 2019−17.4%
15 Mar 2019−15.5%
22 Mar 2019−15.0%
29 Mar 2019−16.7%
5 Apr 2019−17.9%
12 Apr 2019−15.2%
18 Apr 2019−17.6%
26 Apr 2019−17.4%
3 May 2019−9.9%
10 May 2019−4.5%
17 May 2019−6.5%
24 May 2019−6.4%
31 May 2019−1.1%
7 Jun 2019+4.1%
14 Jun 2019+2.1%
21 Jun 2019−3.1%
28 Jun 2019+0.1%
5 Jul 2019−0.2%
12 Jul 2019−2.6%
19 Jul 2019+1.9%
26 Jul 2019+6.2%
2 Aug 2019+3.7%
9 Aug 2019+2.3%
16 Aug 2019+10.1%
23 Aug 2019+3.2%
30 Aug 2019+2.1%
6 Sep 2019+1.9%
13 Sep 2019+9.6%
20 Sep 2019+11.6%
27 Sep 2019+7.4%
4 Oct 2019+2.4%
11 Oct 2019+9.5%
18 Oct 2019+1.9%
27 Oct 2019+3.1%
1 Nov 2019+12.5%
8 Nov 2019+10.8%
15 Nov 2019+13.3%
22 Nov 2019+13.5%
29 Nov 2019+8.5%
6 Dec 2019+6.9%
13 Dec 2019−3.6%
20 Dec 2019−9.8%
27 Dec 2019−8.8%
3 Jan 2020−0.8%
10 Jan 2020−6.4%
17 Jan 2020+11.0%
24 Jan 2020+11.1%
1 Feb 2020−4.5%
7 Feb 2020−1.8%
14 Feb 2020−9.2%
20 Feb 2020−5.3%
28 Feb 2020−6.1%
6 Mar 2020−8.3%
13 Mar 2020−0.7%
20 Mar 2020+9.9%
27 Mar 2020+4.9%
3 Apr 2020−1.3%
9 Apr 2020+1.6%
17 Apr 2020−7.8%
24 Apr 2020−15.4%
30 Apr 2020−7.6%
8 May 2020−11.8%
15 May 2020−4.6%
22 May 2020−6.3%
29 May 2020−7.5%
5 Jun 2020+5.3%
12 Jun 2020+6.6%
19 Jun 2020−1.1%
26 Jun 2020+18.5%
3 Jul 2020+38.3%
10 Jul 2020+53.6%
17 Jul 2020+47.3%
24 Jul 2020+54.0%
31 Jul 2020+45.5%
7 Aug 2020+68.1%
14 Aug 2020+120.6%
21 Aug 2020+100.6%
28 Aug 2020+65.7%
4 Sep 2020+32.3%
11 Sep 2020+11.7%
18 Sep 2020+10.7%
25 Sep 2020−8.4%
1 Oct 2020−16.1%
9 Oct 2020−29.0%
16 Oct 2020−28.5%
23 Oct 2020−27.0%
30 Oct 2020−28.7%
6 Nov 2020−37.6%
14 Nov 2020−52.5%
20 Nov 2020−46.8%
27 Nov 2020−33.1%
4 Dec 2020−27.9%
11 Dec 2020−17.0%
18 Dec 2020−19.5%
24 Dec 2020−16.1%
1 Jan 2021−14.4%
8 Jan 2021−7.2%
15 Jan 2021+6.3%
22 Jan 2021+12.2%
29 Jan 2021+10.0%
5 Feb 2021+24.0%
12 Feb 2021+13.3%
19 Feb 2021+19.7%
26 Feb 2021+15.3%
5 Mar 2021+11.6%
12 Mar 2021+15.0%
19 Mar 2021+10.8%
26 Mar 2021+13.0%
1 Apr 2021+14.5%
9 Apr 2021+8.4%
16 Apr 2021−0.1%
23 Apr 2021−7.5%
30 Apr 2021+1.5%
7 May 2021−5.9%
14 May 2021−5.9%
21 May 2021−7.9%
28 May 2021−9.3%
4 Jun 2021−4.8%
11 Jun 2021−11.0%
18 Jun 2021−11.6%
25 Jun 2021−4.3%
2 Jul 2021−6.1%
9 Jul 2021−0.3%
16 Jul 2021−0.5%
23 Jul 2021+6.8%
30 Jul 2021+4.1%
6 Aug 2021+1.7%
13 Aug 2021+0.7%
20 Aug 2021+1.6%
27 Aug 2021+24.5%
3 Sep 2021+20.8%
9 Sep 2021+20.1%
17 Sep 2021+29.1%
24 Sep 2021+17.4%
1 Oct 2021+14.3%
8 Oct 2021+6.4%
14 Oct 2021+19.0%
22 Oct 2021+6.3%
29 Oct 2021+7.6%
4 Nov 2021+12.3%
12 Nov 2021+20.5%
18 Nov 2021+16.1%
26 Nov 2021−8.5%
3 Dec 2021−8.9%
10 Dec 2021−4.6%
17 Dec 2021−10.4%
24 Dec 2021−6.8%
31 Dec 2021−11.2%
7 Jan 2022−7.3%
14 Jan 2022−4.8%
21 Jan 2022+11.1%
28 Jan 2022+8.4%
4 Feb 2022+7.7%
11 Feb 2022+1.7%
18 Feb 2022+0.9%
25 Feb 2022+6.2%
4 Mar 2022+13.1%
11 Mar 2022+9.3%
17 Mar 2022+15.5%
25 Mar 2022+13.1%
1 Apr 2022+26.4%
8 Apr 2022+32.3%
13 Apr 2022+26.9%
22 Apr 2022+18.9%
29 Apr 2022+18.4%
6 May 2022+21.3%
13 May 2022+15.3%
20 May 2022+36.9%
27 May 2022+37.3%
3 Jun 2022+39.0%
10 Jun 2022+44.3%
17 Jun 2022+42.5%
24 Jun 2022+38.7%
1 Jul 2022+25.0%
8 Jul 2022+16.8%
15 Jul 2022+7.5%
22 Jul 2022+14.7%
29 Jul 2022+23.6%
5 Aug 2022+17.4%
12 Aug 2022+39.9%
19 Aug 2022+16.2%
26 Aug 2022+17.9%
2 Sep 2022+14.5%
9 Sep 2022+11.8%
16 Sep 2022+13.1%
23 Sep 2022+26.8%
30 Sep 2022+25.3%
7 Oct 2022+33.3%
14 Oct 2022+29.0%
21 Oct 2022+22.3%
28 Oct 2022+20.5%
4 Nov 2022+24.3%
11 Nov 2022+7.4%
18 Nov 2022+14.3%
25 Nov 2022+16.1%
2 Dec 2022+13.5%
9 Dec 2022+9.6%
16 Dec 2022+3.1%
23 Dec 2022−5.5%
30 Dec 2022+5.1%
6 Jan 2023−1.5%
13 Jan 2023+2.7%
20 Jan 2023+4.4%
27 Jan 2023+1.8%
3 Feb 2023−5.2%
10 Feb 2023+0.9%
17 Feb 2023+6.0%
24 Feb 2023+0.8%
3 Mar 2023+3.0%
10 Mar 2023+15.0%
17 Mar 2023+15.1%
24 Mar 2023+12.3%
31 Mar 2023+12.3%
6 Apr 2023+13.0%
13 Apr 2023+17.8%
21 Apr 2023+12.0%
28 Apr 2023+15.6%
5 May 2023+22.9%
12 May 2023+21.2%
19 May 2023+10.9%
26 May 2023+11.7%
2 Jun 2023+10.4%
9 Jun 2023+18.7%
16 Jun 2023+25.0%
23 Jun 2023+28.3%
30 Jun 2023+26.0%
7 Jul 2023+24.5%
14 Jul 2023+22.7%
21 Jul 2023+25.3%
28 Jul 2023+24.2%
4 Aug 2023+17.4%
11 Aug 2023+18.2%
18 Aug 2023+14.0%
25 Aug 2023+21.8%
1 Sep 2023+16.4%
8 Sep 2023+1.0%
15 Sep 2023−4.8%
22 Sep 2023−0.2%
29 Sep 2023−1.5%
6 Oct 2023−0.5%
13 Oct 2023+0.7%
20 Oct 2023+0.5%
27 Oct 2023−4.9%
3 Nov 2023−0.1%
12 Nov 2023+4.8%
17 Nov 2023+8.3%
24 Nov 2023+9.1%
1 Dec 2023+16.9%
8 Dec 2023+26.2%
15 Dec 2023+32.3%
22 Dec 2023+28.5%
29 Dec 2023+32.3%
5 Jan 2024+41.2%
12 Jan 2024+39.6%
20 Jan 2024+41.1%
25 Jan 2024+38.2%
2 Feb 2024+39.7%
9 Feb 2024+30.0%
16 Feb 2024+30.6%
23 Feb 2024+24.1%
2 Mar 2024+23.0%
7 Mar 2024+16.6%
15 Mar 2024+7.7%
22 Mar 2024+13.2%
28 Mar 2024+12.3%
5 Apr 2024+12.4%
12 Apr 2024+16.4%
19 Apr 2024+18.2%
26 Apr 2024+31.2%
3 May 2024+29.0%
10 May 2024+26.5%
18 May 2024+48.1%
24 May 2024+63.5%
31 May 2024+50.4%
7 Jun 2024+31.3%
14 Jun 2024+54.6%
21 Jun 2024+51.4%
28 Jun 2024+47.3%
5 Jul 2024+45.0%
12 Jul 2024+37.3%
19 Jul 2024+17.4%
26 Jul 2024+11.0%
2 Aug 2024+9.4%
9 Aug 2024+12.7%
16 Aug 2024−9.2%
23 Aug 2024−17.8%
30 Aug 2024−18.7%
6 Sep 2024−8.0%
13 Sep 2024−18.2%
20 Sep 2024−24.8%
27 Sep 2024−21.2%
4 Oct 2024−26.0%
11 Oct 2024−21.0%
18 Oct 2024−5.4%
25 Oct 2024−11.8%
1 Nov 2024−9.5%
8 Nov 2024−3.5%
14 Nov 2024−8.5%
22 Nov 2024−10.8%
29 Nov 2024−1.6%
6 Dec 2024−2.3%
13 Dec 2024+4.6%
20 Dec 2024+4.8%
27 Dec 2024+2.4%
3 Jan 2025+4.6%
10 Jan 2025−1.1%
17 Jan 2025−2.7%
24 Jan 2025−1.0%
1 Feb 2025−6.6%
7 Feb 2025−8.6%
14 Feb 2025−8.2%
21 Feb 2025−8.1%
28 Feb 2025−18.7%
7 Mar 2025−11.0%
13 Mar 2025−18.2%
21 Mar 2025−2.1%
28 Mar 2025+3.6%
4 Apr 2025+9.2%
11 Apr 2025+3.3%
17 Apr 2025−1.4%
25 Apr 2025+5.3%
2 May 2025+17.7%
9 May 2025+10.3%
16 May 2025+36.3%
23 May 2025+35.7%
30 May 2025+48.5%
6 Jun 2025+29.4%
13 Jun 2025+38.1%
20 Jun 2025+18.3%
27 Jun 2025+6.5%
4 Jul 2025+2.1%
11 Jul 2025+8.8%
18 Jul 2025+4.9%
25 Jul 2025+3.9%
1 Aug 2025−3.9%
8 Aug 2025−2.2%
14 Aug 2025−13.0%
22 Aug 2025−9.8%
29 Aug 2025−13.1%
5 Sep 2025−10.6%
12 Sep 2025−7.8%
19 Sep 2025−0.6%
26 Sep 2025−0.7%
3 Oct 2025−0.6%
10 Oct 2025−0.3%
17 Oct 2025+3.5%
24 Oct 2025+1.8%
31 Oct 2025+1.0%
7 Nov 2025−0.8%
14 Nov 2025+0.5%
21 Nov 2025−2.5%
28 Nov 2025+1.1%
5 Dec 2025−0.6%
12 Dec 2025−9.6%
19 Dec 2025−15.3%
26 Dec 2025−11.0%
2 Jan 2026−13.2%
9 Jan 2026−8.1%
16 Jan 2026−5.3%
23 Jan 2026−6.9%
1 Feb 2026−5.5%
6 Feb 2026−11.9%
13 Feb 2026−9.8%
20 Feb 2026−6.9%
27 Feb 2026−8.3%
6 Mar 2026−5.5%
13 Mar 2026−2.3%
20 Mar 2026−2.2%
27 Mar 2026−6.3%
2 Apr 2026−8.7%
10 Apr 2026−4.1%
17 Apr 2026−1.6%
24 Apr 2026+0.0%
30 Apr 2026+0.4%
8 May 2026+23.0%
15 May 2026+8.8%
22 May 2026+8.0%
29 May 2026+8.9%
4 Jun 2026+4.2%
5 Jun 2026+5.2%
9 Jun 2026+7.5%
10 Jun 2026+9.6%
12 Jun 2026+11.6%
17 Jun 2026+6.0%
19 Jun 2026−0.2%
24 Jun 2026+1.4%
25 Jun 2026+0.8%
1 Jul 2026−10.8%
3 Jul 2026−2.4%
10 Jul 2026+0.1%
17 Jul 2026+1.6%
24 Jul 2026+7.1%
31 Jul 2026+5.8%
7 Aug 2026+10.2%
14 Aug 2026+14.8%
21 Aug 2026+15.1%
28 Aug 2026+7.3%
4 Sep 2026+9.7%
11 Sep 2026+13.3%
18 Sep 2026+11.1%
25 Sep 2026+11.2%
28 Sep 2026+13.0%
1 Oct 2026+8.5%
9 Oct 2026+9.7%
16 Oct 2026+11.9%
23 Oct 2026+10.4%
30 Oct 2026+6.5%
6 Nov 2026+6.2%
Each bar is one week, from 2018 to now (444 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 8.6 years the share price moved +779% while the NIFTY 500 moved +144%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at HAL this quarter?

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row, revenue up on a year earlier for 5 quarters in a row and profit up on a year earlier for 4 quarters in a row.

  1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

    From 8.6% to 12.5% of the company by the September 2026 quarter.

  2. Revenue up on a year earlier for 5 quarters in a row

    In the June 2026 quarter revenue was ₹5,515 crore, +14.4% on a year earlier.

  3. Profit up on a year earlier for 4 quarters in a row

    In the June 2026 quarter profit was ₹1,590 crore, +14.9% on a year earlier.

What dividend does HAL pay?

HAL paid ₹45 a share in regular dividends in the 12 months to 7 November 2026 (2 payments), a yield of 0.90% at the ₹4,980.00 close on 6 November 2026. The last was a dividend of ₹10 a share, ex-date 14 August 2026.

HAL dividends since 1 April 2021

HAL dividends since 1 April 2021
Ex-dateDividend per shareTypeRecord date
14 Aug 2026Dividend₹10Dividendsame day
18 Feb 2026Interim₹35Interimsame day
21 Aug 2025Dividend₹15Dividendsame day
18 Feb 2025Interim₹25Interimsame day
21 Aug 2024Dividend₹13Dividendsame day
20 Feb 2024Interim₹22Interimsame day
24 Aug 2023Dividend₹15Dividendsame day
20 Mar 2023Interim₹20Interimsame day
18 Nov 2022Interim₹20Interim21 Nov 2022
19 Aug 2022Dividend₹10Dividend22 Aug 2022
17 Feb 2022Interim₹26Interim18 Feb 2022
23 Nov 2021Interim₹14Interim24 Nov 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

5 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Hindustan Aeronautics Ltd paid out 33% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 7 November 2026.

What are HAL's latest quarterly results?

For April to June 2026 (the quarter ended 30 June 2026), HAL reported revenue of ₹5,515 crore, up 14.4% from ₹4,819 crore a year earlier, and a profit of ₹1,590 crore, up 14.9% from ₹1,384 crore.

HAL results: April to June 2026 against a year earlier

HAL results: April to June 2026 against a year earlier
MeasureApril to June 2026April to June 2025Change
Revenue₹5,515 crore₹4,819 crore+14.4%
Profit₹1,590 crore₹1,384 crore+14.9%
Earnings per share₹23.77₹20.69+14.9%
Operating margin28.0%27.0%+1.0 points

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 15 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

What is the HAL share price history?

HAL closed at ₹4,980.00 on 6 November 2026, up 7.6% from ₹4,626.60 a year earlier (7 November 2025) and up 643.2% over five years. Its highest weekly close since March 2018 was ₹5,552.00 on 5 July 2024.

HAL share price: then and now

HAL share price: then and now
WhenCloseChange to 6 Nov 2026
1 week ago · 30 Oct 2026₹4,853.70+2.6%
1 month ago · 9 Oct 2026₹4,655.60+7.0%
6 months ago · 8 May 2026₹4,788.10+4.0%
1 year ago · 7 Nov 2025₹4,626.60+7.6%
3 years ago · 3 Nov 2023₹1,901.75+161.9%
5 years ago · 4 Nov 2021₹670.05+643.2%
Earliest weekly close in our records · 28 Mar 2018₹566.43+779.2%
Highest weekly close since March 2018 · 5 Jul 2024₹5,552.00−10.3%
Lowest weekly close since March 2018 · 8 May 2020₹250.93+1,884.6%
52-week high (weekly close) · 5 Nov 2026₹5,043.00−1.2%
52-week low (weekly close) · 27 Mar 2026₹3,588.60+38.8%

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

457 weekly closes from 28 March 2018 to 6 November 2026.

What is the latest news on HAL?

6 Nov 2026: HAL closed at ₹4,980.00, up 2.6% on the week and up 7.0% on the month. 14 Aug 2026: ex-date for a dividend of ₹10 a share.

Earlier

  • Results for April to June 2026: Revenue up 14.4% and profit up 14.9% on a year earlier.
  • 15 May 2026: HAL held its results call for January to March 2026. Management guided: FY27 double-digit revenue growth (10-12% minimum) with operating margin held 30-31%; manufacturing inflection from LCA, HTT-40, Sukhoi-30 programs.
  • 18 Feb 2026: ex-date for an interim dividend of ₹35 a share.

What did HAL management say on the latest results call?

On the call for January to March 2026, held on 15 May 2026, HAL's management guided: FY27 double-digit revenue growth (10-12% minimum) with operating margin held 30-31%; manufacturing inflection from LCA, HTT-40, Sukhoi-30 programs.

“We are hopeful that we will achieve double-digit growth in the current financial year and the EBITDA margin will be maintained at around 30-31%, as we have always maintained”CFO, on the call for January to March 2026

What management guided

  • LCA Mk 1A approximately 20 aircraft contingent on GE supplying 15-20 engines; first delivery August-September after testing refinement.
  • HTT-40 20+ unit deliveries FY27 with two active production lines; Honeywell supply stable after global disruptions.
  • Sukhoi-30 order: 1 aircraft FY28, 11 in FY29; Su-30 Upgrade: 5-6 year design phase post-Cabinet Committee Security approval this year; design margin 10-12%.
  • LCH: 2027-28 delivery goal; Tejas Mk 2: rollout by March 2027; GE F414 order expected approximately 2 years post-prototype.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 15 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

What to watch in HAL's next results?

When HAL reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: LCA Mk 1A first aircraft delivery by September FY27 - now critical path item after prior delays; delivery timing will validate August-October testing timeline and GE engine supply cadence commitment.

HAL: what to watch next quarter
What to check (from the call)
LCA Mk 1A first aircraft delivery by September FY27 - now critical path item after prior delays; delivery timing will validate August-October testing timeline and GE engine supply cadence commitment.
GE engine supply cadence: 1 engine June, 2 starting August, 15-20 by year-end - if June engine absent or August delayed, FY27 20-aircraft delivery goal and manufacturing guidance at risk.
HTT-40 production ramp initiation (20+ units FY27 goal) - depends on Honeywell engine arriving per plan (next month) and structural production maintaining pace; validates dual production line strategy.
Su-30 Upgrade Cabinet Committee Security approval status - greenlight planned this year to commence 5-6 year design phase; any delay pushes entire Su-30 modernization program timeline.

Which stock lists is HAL on?

HAL is on 2 of our India lists: Momentum stocks and Defence stocks.

Is HAL profitable?

Hindustan Aeronautics Ltd earned ₹1,590 Cr of net profit in the Jun 2026 quarter, +14.9% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹9,116 Cr. Over 10 years profit has grown 16.4% a year on average. That is 28.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹1,384 Cr.

For the full year, FY26 profit was ₹9,116 Cr (+9.0% on the year before).

FY26 profit ₹9,116 Cr (+9.0% on the year before), 16.4% a year over 10 years

  • Net profit ₹9,116
FY26 profit ₹9,116 Cr (+9.0% on the year before), 16.4% a year over 10 years
QuarterNet profit
FY16₹2,004
FY17₹2,625
FY18₹1,990
FY19₹2,328
FY20₹2,883
FY21₹3,239
FY22₹5,080
FY23₹5,828
FY24₹7,621
FY25₹8,364
FY26₹9,116

Growth on a year earlier

  • Growth on a year earlier 9%
Growth on a year earlier
QuarterGrowth on a year earlier
FY16−16.5%
FY1731%
FY18−24.2%
FY1917%
FY2023.8%
FY2112.3%
FY2256.8%
FY2314.7%
FY2430.8%
FY259.7%
FY269%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Jun 2026: ₹1,590 Cr (+14.9% on a year earlier), the 4th quarter in a row of growth

  • Net profit (quarterly) ₹1,590
Jun 2026: ₹1,590 Cr (+14.9% on a year earlier), the 4th quarter in a row of growth
QuarterNet profit (quarterly)
Sep 2023₹1,237
Dec 2023₹1,262
Mar 2024₹4,309
Jun 2024₹1,437
Sep 2024₹1,510
Dec 2024₹1,440
Mar 2025₹3,977
Jun 2025₹1,384
Sep 2025₹1,669
Dec 2025₹1,867
Mar 2026₹4,196
Jun 2026₹1,590

Growth on a year earlier

  • Growth on a year earlier 14.9%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 20231.3%
Dec 20239.3%
Mar 202452.2%
Jun 202476.5%
Sep 202422.1%
Dec 202414.1%
Mar 2025−7.7%
Jun 2025−3.7%
Sep 202510.5%
Dec 202529.7%
Mar 20265.5%
Jun 202614.9%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +14.4% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +15.2% and revenue +9.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

How much revenue does HAL make, and is it growing?

Hindustan Aeronautics Ltd reported ₹5,515 Cr of revenue in the Jun 2026 quarter, +14.4% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 7.0% a year on average. The last full year, FY26, came in at ₹33,089 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹33,785 Cr.

FY26 revenue was ₹33,089 Cr, +6.8% on the year before.

FY26 revenue ₹33,089 Cr (+6.8% on the year before), 7.0% a year over 10 years

  • Revenue ₹33,089
FY26 revenue ₹33,089 Cr (+6.8% on the year before), 7.0% a year over 10 years
QuarterRevenue
FY16₹16,758
FY17₹17,950
FY18₹18,520
FY19₹20,008
FY20₹21,445
FY21₹22,755
FY22₹24,620
FY23₹26,927
FY24₹30,381
FY25₹30,981
FY26₹33,089

Growth on a year earlier

  • Growth on a year earlier 6.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY165.1%
FY177.1%
FY183.2%
FY198%
FY207.2%
FY216.1%
FY228.2%
FY239.4%
FY2412.8%
FY252%
FY266.8%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Jun 2026: ₹5,515 Cr (+14.4% on a year earlier), the 5th quarter in a row of growth

  • Revenue (quarterly) ₹5,515
Jun 2026: ₹5,515 Cr (+14.4% on a year earlier), the 5th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023₹5,636
Dec 2023₹6,061
Mar 2024₹14,769
Jun 2024₹4,348
Sep 2024₹5,976
Dec 2024₹6,957
Mar 2025₹13,700
Jun 2025₹4,819
Sep 2025₹6,629
Dec 2025₹7,699
Mar 2026₹13,942
Jun 2026₹5,515

Growth on a year earlier

  • Growth on a year earlier 14.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 20239.5%
Dec 20237%
Mar 202418.2%
Jun 202411.1%
Sep 20246%
Dec 202414.8%
Mar 2025−7.2%
Jun 202510.8%
Sep 202510.9%
Dec 202510.7%
Mar 20261.8%
Jun 202614.4%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +9.5% on average, against 7.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.4%, against +4.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +12.2%, against +6.3% a year (accelerating).

How much of every ₹100 of sales does HAL keep?

Hindustan Aeronautics Ltd's operating margin was 28.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 15.0% and 32.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.1 percentage points on the year while gross margin changed −2.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26: 30.0%, within a range of 15.0% to 32.0% over 12 years

  • Operating margin 30.0%
FY26: 30.0%, within a range of 15.0% to 32.0% over 12 years
QuarterOperating margin
FY1515%
FY1615%
FY1718%
FY1819%
FY1923%
FY2023%
FY2124%
FY2222%
FY2325%
FY2432%
FY2531%
FY2630%

Change on the year before (points)

  • Change on the year before (points) −1.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY15–
FY160.0 pts
FY17+3.0 pts
FY18+1.0 pts
FY19+4.0 pts
FY200.0 pts
FY21+1.0 pts
FY22−2.0 pts
FY23+3.0 pts
FY24+7.0 pts
FY25−1.0 pts
FY26−1.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 12-year window.

Jun 2026: operating margin 28.0% (+1.0 points on a year earlier)

  • Operating margin 28.0%
Jun 2026: operating margin 28.0% (+1.0 points on a year earlier)
QuarterOperating margin
Sep 202327%
Dec 202324%
Mar 202440%
Jun 202423%
Sep 202427%
Dec 202424%
Mar 202539%
Jun 202527%
Sep 202524%
Dec 202524%
Mar 202636%
Jun 202628%

Change on a year earlier (points)

  • Change on a year earlier (points) +1.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023–
Dec 2023+7.0 pts
Mar 2024+14.0 pts
Jun 2024+1.0 pts
Sep 20240.0 pts
Dec 20240.0 pts
Mar 2025−1.0 pts
Jun 2025+4.0 pts
Sep 2025−3.0 pts
Dec 20250.0 pts
Mar 2026−3.0 pts
Jun 2026+1.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is HAL's profit turning into cash?

Over the last 3 years, 131% of Hindustan Aeronautics Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹10,906 Cr of operating cash against ₹9,116 Cr of profit. After ₹2,192 Cr of spending on assets, ₹8,714 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹10,906 Cr against profit ₹9,116 Cr; 131% of 3 years' profit came in as cash

  • Operating cash ₹10,906
  • Net profit ₹9,116
  • Free cash ₹8,714
FY26: operating cash ₹10,906 Cr against profit ₹9,116 Cr; 131% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY17−₹404₹2,625−₹1,874
FY18−₹748₹1,990−₹1,984
FY19−₹7,700₹2,328−₹8,658
FY20₹1,527₹2,883₹89
FY21₹15,263₹3,239₹13,916
FY22₹10,173₹5,080₹9,392
FY23₹8,830₹5,828₹7,565
FY24₹8,223₹7,621₹6,305
FY25₹13,643₹8,364₹11,764
FY26₹10,906₹9,116₹8,714
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 10-year window, yearly figures.

FY26: operating cash was 120% of profit (131% over three years)

  • Operating cash as % of profit 120%
  • Break-even line 100%
FY26: operating cash was 120% of profit (131% over three years)
QuarterOperating cash as % of profitBreak-even line
FY17−15%100%
FY18−38%100%
FY19−331%100%
FY2053%100%
FY21300%100%
FY22200%100%
FY23152%100%
FY24108%100%
FY25163%100%
FY26120%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does HAL's cash go?

Hindustan Aeronautics Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹33,089 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹5,989 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 6.0% of FY26 revenue a year.

Spending on assets: ₹5,989 Cr over the last 3 years, against ₹4,102 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹3,313 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹2,192 Cr, work in progress ₹3,313 Cr, steady spending

  • Capex ₹2,192
  • Work-in-progress ₹3,313
FY26: capex ₹2,192 Cr, work in progress ₹3,313 Cr, steady spending
QuarterCapexWork-in-progress
FY16₹1,212₹1,025
FY17₹1,470₹1,389
FY18₹1,236₹1,462
FY19₹958₹1,502
FY20₹1,438₹2,043
FY21₹1,347₹2,078
FY22₹781₹2,473
FY23₹1,265₹1,885
FY24₹1,918₹2,493
FY25₹1,879₹3,098
FY26₹2,192₹3,313
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is HAL's P/E ratio, and how does it compare with its own history?

Hindustan Aeronautics Ltd's P/E is 35.8×, near the high end of its own history: higher than 86% of past readings. Its usual P/E (the middle reading) is 14.4×, over 8.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

P/E 35.8× against a usual 14.4×: near the high end of its own history: higher than 86% of past readings

  • P/E 36.2×
  • Median 14.4×
P/E 35.8× against a usual 14.4×: near the high end of its own history: higher than 86% of past readings
WeekP/EMedian
28 Mar 201814.4×14.4×
13 Apr 201814.3×14.4×
27 Apr 201814.3×14.4×
11 May 201813.8×14.4×
25 May 201813.0×14.4×
8 Jun 201812.6×14.4×
22 Jun 201811.7×14.4×
6 Jul 201810.6×14.4×
20 Jul 201810.0×14.4×
3 Aug 201812.3×14.4×
17 Aug 201811.9×14.4×
31 Aug 201815.0×14.4×
14 Sep 201815.7×14.4×
28 Sep 201813.1×14.4×
12 Oct 201813.1×14.4×
26 Oct 201812.5×14.4×
9 Nov 201815.5×14.4×
22 Nov 201813.4×14.4×
7 Dec 201812.8×14.4×
21 Dec 201813.2×14.4×
4 Jan 201913.7×14.4×
18 Jan 201913.2×14.4×
1 Feb 201911.8×14.4×
15 Feb 201910.5×14.4×
1 Mar 201911.3×14.4×
15 Mar 201911.3×14.4×
29 Mar 201911.9×14.4×
12 Apr 201911.9×14.4×
26 Apr 201911.4×14.4×
10 May 201910.8×14.4×
24 May 201911.4×14.4×
7 Jun 201912.0×14.4×
21 Jun 201911.8×14.4×
5 Jul 201911.7×14.4×
19 Jul 201911.3×14.4×
2 Aug 201910.8×14.4×
16 Aug 201911.0×14.4×
30 Aug 20199.30×14.4×
13 Sep 201910.1×14.4×
27 Sep 201910.5×14.4×
11 Oct 201910.3×14.4×
27 Oct 201910.7×14.4×
8 Nov 201910.9×14.4×
22 Nov 201911.4×14.4×
6 Dec 201911.0×14.4×
20 Dec 201910.4×14.4×
3 Jan 202010.6×14.4×
17 Jan 202011.8×14.4×
1 Feb 202011.1×14.4×
14 Feb 20208.90×14.4×
28 Feb 20208.20×14.4×
13 Mar 20206.40×14.4×
27 Mar 20206.30×14.4×
9 Apr 20206.50×14.4×
24 Apr 20206.30×14.4×
8 May 20206.00×14.4×
22 May 20206.40×14.4×
5 Jun 20207.50×14.4×
19 Jun 20208.40×14.4×
3 Jul 202010.2×14.4×
17 Jul 202011.2×14.4×
31 Jul 202010.4×14.4×
14 Aug 202015.4×14.4×
28 Aug 202012.1×14.4×
11 Sep 202011.6×14.4×
25 Sep 202010.5×14.4×
9 Oct 202010.7×14.4×
23 Oct 20209.80×14.4×
6 Nov 20209.60×14.4×
20 Nov 202010.5×14.4×
4 Dec 202011.5×14.4×
18 Dec 202011.8×14.4×
1 Jan 202111.7×14.4×
15 Jan 202113.2×14.4×
29 Jan 202112.6×14.4×
12 Feb 202112.0×14.4×
26 Feb 202112.7×14.4×
12 Mar 202112.4×14.4×
26 Mar 202111.6×14.4×
9 Apr 202111.7×14.4×
23 Apr 202111.2×14.4×
7 May 202111.3×14.4×
21 May 202112.0×14.4×
4 Jun 202112.4×14.4×
18 Jun 202111.9×14.4×
2 Jul 202111.0×14.4×
16 Jul 202111.1×14.4×
30 Jul 202111.5×14.4×
13 Aug 202111.1×14.4×
27 Aug 202114.0×14.4×
9 Sep 202114.0×14.4×
24 Sep 202113.6×14.4×
8 Oct 202113.7×14.4×
22 Oct 202113.5×14.4×
4 Nov 202113.6×14.4×
18 Nov 202113.1×14.4×
3 Dec 202112.3×14.4×
17 Dec 202111.8×14.4×
31 Dec 202111.5×14.4×
14 Jan 202213.0×14.4×
28 Jan 202213.4×14.4×
11 Feb 202212.8×14.4×
25 Feb 202212.2×14.4×
11 Mar 202212.9×14.4×
25 Mar 202212.9×14.4×
8 Apr 202215.0×14.4×
22 Apr 202215.6×14.4×
6 May 202214.7×14.4×
20 May 202211.6×14.4×
3 Jun 202212.5×14.4×
17 Jun 202212.5×14.4×
1 Jul 202211.4×14.4×
15 Jul 202211.4×14.4×
29 Jul 202213.3×14.4×
12 Aug 202213.8×14.4×
26 Aug 202213.8×14.4×
9 Sep 202214.8×14.4×
23 Sep 202214.8×14.4×
7 Oct 202214.9×14.4×
21 Oct 202214.6×14.4×
4 Nov 202215.6×14.4×
18 Nov 202214.9×14.4×
2 Dec 202215.8×14.4×
16 Dec 202214.7×14.4×
30 Dec 202214.4×14.4×
13 Jan 202314.0×14.4×
27 Jan 202314.0×14.4×
10 Feb 202313.2×14.4×
24 Feb 202313.9×14.4×
10 Mar 202315.6×14.4×
24 Mar 202314.1×14.4×
6 Apr 202315.2×14.4×
21 Apr 202315.2×14.4×
5 May 202316.1×14.4×
19 May 202317.6×14.4×
2 Jun 202318.2×14.4×
16 Jun 202322.1×14.4×
30 Jun 202321.8×14.4×
14 Jul 202322.0×14.4×
28 Jul 202322.5×14.4×
11 Aug 202321.1×14.4×
25 Aug 202321.7×14.4×
8 Sep 202322.8×14.4×
22 Sep 202321.5×14.4×
6 Oct 202321.7×14.4×
20 Oct 202321.2×14.4×
3 Nov 202321.1×14.4×
17 Nov 202323.6×14.4×
1 Dec 202327.3×14.4×
15 Dec 202330.6×14.4×
29 Dec 202331.1×14.4×
12 Jan 202433.2×14.4×
25 Jan 202432.2×14.4×
9 Feb 202432.9×14.4×
23 Feb 202433.1×14.4×
7 Mar 202436.1×14.4×
22 Mar 202434.5×14.4×
5 Apr 202439.0×14.4×
19 Apr 202440.8×14.4×
3 May 202442.7×14.4×
18 May 202441.5×14.4×
31 May 202442.7×14.4×
14 Jun 202442.7×14.4×
28 Jun 202442.7×14.4×
12 Jul 202442.7×14.4×
26 Jul 202442.7×14.4×
9 Aug 202441.5×14.4×
23 Aug 202439.1×14.4×
6 Sep 202438.2×14.4×
20 Sep 202435.1×14.4×
4 Oct 202434.5×14.4×
18 Oct 202436.7×14.4×
1 Nov 202434.8×14.4×
14 Nov 202432.1×14.4×
29 Nov 202435.2×14.4×
13 Dec 202436.7×14.4×
27 Dec 202433.3×14.4×
10 Jan 202531.4×14.4×
24 Jan 202530.2×14.4×
7 Feb 202530.0×14.4×
21 Feb 202525.9×14.4×
7 Mar 202526.6×14.4×
21 Mar 202529.9×14.4×
4 Apr 202532.6×14.4×
17 Apr 202532.5×14.4×
2 May 202534.6×14.4×
16 May 202541.0×14.4×
30 May 202539.8×14.4×
13 Jun 202540.2×14.4×
27 Jun 202539.2×14.4×
11 Jul 202538.9×14.4×
25 Jul 202536.4×14.4×
8 Aug 202535.5×14.4×
22 Aug 202536.0×14.4×
5 Sep 202535.5×14.4×
19 Sep 202539.6×14.4×
3 Oct 202539.2×14.4×
17 Oct 202539.3×14.4×
31 Oct 202537.7×14.4×
14 Nov 202537.4×14.4×
28 Nov 202535.9×14.4×
12 Dec 202534.0×14.4×
26 Dec 202534.8×14.4×
9 Jan 202635.2×14.4×
23 Jan 202634.0×14.4×
6 Feb 202632.1×14.4×
20 Feb 202631.4×14.4×
6 Mar 202630.2×14.4×
20 Mar 202628.4×14.4×
2 Apr 202627.7×14.4×
17 Apr 202633.0×14.4×
30 Apr 202632.6×14.4×
15 May 202632.2×14.4×
29 May 202631.6×14.4×
5 Jun 202630.9×14.4×
10 Jun 202631.0×14.4×
17 Jun 202632.7×14.4×
24 Jun 202632.0×14.4×
1 Jul 202632.5×14.4×
10 Jul 202633.1×14.4×
24 Jul 202633.5×14.4×
7 Aug 202636.0×14.4×
21 Aug 202635.9×14.4×
4 Sep 202634.8×14.4×
18 Sep 202634.4×14.4×
28 Sep 202634.0×14.4×
9 Oct 202633.4×14.4×
23 Oct 202633.9×14.4×
5 Nov 202636.2×14.4×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹139
Earnings per share, 12 months
WeekEarnings per share, 12 months
28 Mar 2018₹39
13 Apr 2018₹39
27 Apr 2018₹39
11 May 2018₹39
25 May 2018₹39
8 Jun 2018₹39
22 Jun 2018₹39
6 Jul 2018₹39
20 Jul 2018₹39
3 Aug 2018₹39
17 Aug 2018₹39
31 Aug 2018₹39
14 Sep 2018₹39
28 Sep 2018₹30
12 Oct 2018₹30
26 Oct 2018₹30
9 Nov 2018₹30
22 Nov 2018₹30
7 Dec 2018₹30
21 Dec 2018₹30
4 Jan 2019₹30
18 Jan 2019₹30
1 Feb 2019₹30
15 Feb 2019₹30
1 Mar 2019₹30
15 Mar 2019₹30
29 Mar 2019₹30
12 Apr 2019₹30
26 Apr 2019₹30
10 May 2019₹30
24 May 2019₹30
7 Jun 2019₹30
21 Jun 2019₹30
5 Jul 2019₹30
19 Jul 2019₹30
2 Aug 2019₹30
16 Aug 2019₹30
30 Aug 2019₹30
13 Sep 2019₹30
27 Sep 2019₹35
11 Oct 2019₹35
27 Oct 2019₹35
8 Nov 2019₹35
22 Nov 2019₹35
6 Dec 2019₹35
20 Dec 2019₹35
3 Jan 2020₹35
17 Jan 2020₹35
1 Feb 2020₹35
14 Feb 2020₹35
28 Feb 2020₹35
13 Mar 2020₹35
27 Mar 2020₹42
9 Apr 2020₹42
24 Apr 2020₹42
8 May 2020₹42
22 May 2020₹42
5 Jun 2020₹42
19 Jun 2020₹42
3 Jul 2020₹42
17 Jul 2020₹42
31 Jul 2020₹42
14 Aug 2020₹42
28 Aug 2020₹42
11 Sep 2020₹42
25 Sep 2020₹37
9 Oct 2020₹37
23 Oct 2020₹37
6 Nov 2020₹37
20 Nov 2020₹37
4 Dec 2020₹37
18 Dec 2020₹37
1 Jan 2021₹37
15 Jan 2021₹37
29 Jan 2021₹37
12 Feb 2021₹37
26 Feb 2021₹37
12 Mar 2021₹37
26 Mar 2021₹43
9 Apr 2021₹43
23 Apr 2021₹43
7 May 2021₹43
21 May 2021₹43
4 Jun 2021₹43
18 Jun 2021₹43
2 Jul 2021₹43
16 Jul 2021₹43
30 Jul 2021₹43
13 Aug 2021₹43
27 Aug 2021₹43
9 Sep 2021₹43
24 Sep 2021₹49
8 Oct 2021₹49
22 Oct 2021₹49
4 Nov 2021₹49
18 Nov 2021₹49
3 Dec 2021₹49
17 Dec 2021₹49
31 Dec 2021₹53
14 Jan 2022₹53
28 Jan 2022₹53
11 Feb 2022₹53
25 Feb 2022₹53
11 Mar 2022₹53
25 Mar 2022₹54
8 Apr 2022₹54
22 Apr 2022₹54
6 May 2022₹54
20 May 2022₹54
3 Jun 2022₹54
17 Jun 2022₹76
1 Jul 2022₹76
15 Jul 2022₹76
29 Jul 2022₹76
12 Aug 2022₹76
26 Aug 2022₹76
9 Sep 2022₹76
23 Sep 2022₹83
7 Oct 2022₹83
21 Oct 2022₹83
4 Nov 2022₹83
18 Nov 2022₹83
2 Dec 2022₹83
16 Dec 2022₹83
30 Dec 2022₹88
13 Jan 2023₹88
27 Jan 2023₹88
10 Feb 2023₹88
24 Feb 2023₹88
10 Mar 2023₹88
24 Mar 2023₹88
6 Apr 2023₹91
21 Apr 2023₹91
5 May 2023₹91
19 May 2023₹91
2 Jun 2023₹91
16 Jun 2023₹91
30 Jun 2023₹87
14 Jul 2023₹87
28 Jul 2023₹87
11 Aug 2023₹87
25 Aug 2023₹87
8 Sep 2023₹87
22 Sep 2023₹90
6 Oct 2023₹90
20 Oct 2023₹90
3 Nov 2023₹90
17 Nov 2023₹90
1 Dec 2023₹90
15 Dec 2023₹90
29 Dec 2023₹90
12 Jan 2024₹90
25 Jan 2024₹90
9 Feb 2024₹90
23 Feb 2024₹90
7 Mar 2024₹90
22 Mar 2024₹92
5 Apr 2024₹92
19 Apr 2024₹92
3 May 2024₹92
18 May 2024₹92
31 May 2024₹92
14 Jun 2024₹92
28 Jun 2024₹114
12 Jul 2024₹114
26 Jul 2024₹114
9 Aug 2024₹114
23 Aug 2024₹114
6 Sep 2024₹114
20 Sep 2024₹123
4 Oct 2024₹123
18 Oct 2024₹123
1 Nov 2024₹123
14 Nov 2024₹123
29 Nov 2024₹123
13 Dec 2024₹123
27 Dec 2024₹127
10 Jan 2025₹127
24 Jan 2025₹127
7 Feb 2025₹127
21 Feb 2025₹127
7 Mar 2025₹127
21 Mar 2025₹127
4 Apr 2025₹130
17 Apr 2025₹130
2 May 2025₹130
16 May 2025₹130
30 May 2025₹130
13 Jun 2025₹130
27 Jun 2025₹125
11 Jul 2025₹125
25 Jul 2025₹125
8 Aug 2025₹125
22 Aug 2025₹125
5 Sep 2025₹125
19 Sep 2025₹124
3 Oct 2025₹124
17 Oct 2025₹124
31 Oct 2025₹124
14 Nov 2025₹124
28 Nov 2025₹124
12 Dec 2025₹124
26 Dec 2025₹127
9 Jan 2026₹127
23 Jan 2026₹127
6 Feb 2026₹127
20 Feb 2026₹127
6 Mar 2026₹127
20 Mar 2026₹127
2 Apr 2026₹133
17 Apr 2026₹133
30 Apr 2026₹133
15 May 2026₹133
29 May 2026₹133
5 Jun 2026₹133
10 Jun 2026₹133
17 Jun 2026₹133
24 Jun 2026₹137
1 Jul 2026₹137
10 Jul 2026₹137
24 Jul 2026₹137
7 Aug 2026₹137
21 Aug 2026₹137
4 Sep 2026₹137
18 Sep 2026₹137
28 Sep 2026₹139
9 Oct 2026₹139
23 Oct 2026₹139
5 Nov 2026₹139
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 8.6 years of history; short peaks above 43× are drawn at the top edge.

PEG 2.22: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 2.22×
  • PEG = 1.0 1.00×
PEG 2.22: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q4 FY242.40×1.00×
Q1 FY252.53×1.00×
Q2 FY252.43×1.00×
Q3 FY251.96×1.00×
Q4 FY252.58×1.00×
Q1 FY262.33×1.00×
Q2 FY262.23×1.00×
Q3 FY262.27×1.00×
Q4 FY261.96×1.00×
Q1 FY272.22×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 10 quarters.
35.8×P/E · higher than 86% of its last 8.6 years
2.19PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +9.0% while the price moved +7.6%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +49.4% a year; about +23.1% a year came from earnings growth and about +26.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Is the HAL business getting better or worse?

Hindustan Aeronautics Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 16.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +6.8% in FY26, profit +9.0%

  • Revenue growth 6.8%
Growth year by year: revenue +6.8% in FY26, profit +9.0%
QuarterRevenue growth
FY165.1%
FY177.1%
FY183.2%
FY198%
FY207.2%
FY216.1%
FY228.2%
FY239.4%
FY2412.8%
FY252%
FY266.8%

Profit growth, EPS growth

  • Profit growth 9%
  • EPS growth 9%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY16−16.5%11.4%
FY1731%31%
FY18−24.2%−18%
FY1917%17%
FY2023.8%23.8%
FY2112.3%12.4%
FY2256.8%56.8%
FY2314.7%14.7%
FY2430.8%30.8%
FY259.7%9.7%
FY269%9%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising, profit accelerating

  • Revenue 7.4%
Three growth lines over twelve quarters: revenue stabilising, profit accelerating
QuarterRevenue
Sep 20235.7%
Dec 20238.1%
Mar 202412.8%
Jun 202413.2%
Sep 202412.4%
Dec 202414%
Mar 20252%
Jun 20252.1%
Sep 20253.1%
Dec 20252.5%
Mar 20266.8%
Jun 20267.4%

Profit, EPS

  • Profit 12.2%
  • EPS 12.2%
Profit, EPS
QuarterProfitEPS
Sep 20232.7%2.7%
Dec 20230.7%0.7%
Mar 202430.8%30.8%
Jun 202436.9%36.9%
Sep 202441.1%41.1%
Dec 202441.5%41.6%
Mar 20259.7%9.8%
Jun 20250.8%0.8%
Sep 2025−0.6%−0.6%
Dec 20252.3%2.3%
Mar 20269%9%
Jun 202612.2%12.2%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 16.6%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 202318.3%
Dec 202319.6%
Mar 202426.2%
Jun 202427.5%
Sep 202426.8%
Dec 202427.6%
Mar 202520.9%
Jun 202521.4%
Sep 202518.9%
Dec 202519.6%
Mar 202616.2%
Jun 202616.6%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +7.4%, range +2.0% to +14.0%
RisingProfit growth · latest +12.2%, range −0.6% to +41.5%
RisingEPS growth · latest +12.2%, range −0.6% to +41.6%
Turning downROCE · latest 16.6%, range 16.2% to 27.6%

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+6.8%+7.1%+7.8%+7.0%
Profit+9.0%+16.1%+23.0%+16.4%
EPS+9.0%+16.1%+23.0%+17.3%
Share price+7.6%+37.8%+49.4%—
+14.4%Revenue growth (Jun 2026) · latest quarter against a year ago
+14.9%Profit growth (Jun 2026) · latest quarter against a year ago
7.0%Revenue, 10 years · yearly growth over the long run

How much does HAL earn on its capital?

Hindustan Aeronautics Ltd earned a ROCE of 32% in FY26. That is up from a low of 23% in FY16. Its return on capital used (ROIC) is 0.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 27.5% net margin and 0.25× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 27.5% net margin × 0.25× asset turnover × 3.27× leverage (assets divided by equity) ≈ 22.5% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 11.4% − 12.0% = −0.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 11.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY24 at 180.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 32%, the climb back from FY16's 23%

  • ROCE 32%
  • ROIC (annual) 180.4%
  • Cost of capital 12%
FY26: ROCE 32%, the climb back from FY16's 23%
QuarterROCEROIC (annual)Cost of capital
FY1623%–12%
FY1729%–12%
FY1827%–12%
FY1929%–12%
FY2024%–12%
FY2126%–12%
FY2230%53.1%12%
FY2331%95.5%12%
FY2439%180.4%12%
FY2534%–12%
FY2632%–12%
Return on capital employed each year, % (line); ROIC each year, % (line). 11-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q4 FY26: ROCE 7.9% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 7.9%
  • ROIC (12 months) 192.7%
  • Cost of capital 12.0%
Q4 FY26: ROCE 7.9% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q1 FY24–98.8%12%
Q2 FY2412%104.3%12%
Q3 FY24–112.4%12%
Q4 FY2417.6%180.3%12%
Q1 FY25–184.8%12%
Q2 FY2517%193.8%12%
Q3 FY25–192.7%12%
Q4 FY2511.2%–12%
Q1 FY26––12%
Q2 FY269.4%–12%
Q3 FY26––12%
Q4 FY267.9%–12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does HAL have too much debt?

Hindustan Aeronautics Ltd has total debt of ₹66.0 Cr against shareholder equity of ₹41,045 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹66.0 Cr, 0.00× equity

  • Total debt ₹66.0
FY26: debt ₹66.0 Cr, 0.00× equity
QuarterTotal debt
FY22₹49
FY23₹52
FY24₹50
FY25₹51
FY26₹66
Total debt each year, ₹ Cr. 5-year window.

Jun 2026: debt ₹66.0 Cr, debt-to-equity 0.00

  • Total debt (quarterly) ₹66.0
Jun 2026: debt ₹66.0 Cr, debt-to-equity 0.00
QuarterTotal debt (quarterly)
Sep 2023₹1
Dec 2023₹1
Mar 2024₹50
Jun 2024₹50
Sep 2024₹1
Dec 2024₹1
Mar 2025₹51
Jun 2025₹51
Sep 2025₹11
Dec 2025₹11
Mar 2026₹66
Jun 2026₹66
Total debt each quarter, ₹ Cr. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the HAL shareholding pattern?

Domestic institutions raised their stake in Hindustan Aeronautics Ltd by 4.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 12.5% of the company. Foreign institutions moved −2.4 points over the same period, to 9.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +4.1 points over 8 quarters, to 12.5%; Foreign institutions: −2.4 points over 8 quarters, to 9.4%; Promoters: +0.0 points over 8 quarters, to 71.6%.

Why the owners changed: foreign institutions moved −2.4 points and domestic institutions +4.1 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

Year ends: foreign institutions −2.2 points from Mar 2024 to Mar 2026

  • Promoters 71.64%
  • Foreign inst. 10.21%
  • Domestic inst. 10.43%
  • Public 7.66%
Year ends: foreign institutions −2.2 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202471.64%12.42%9.58%6.36%
Mar 202571.64%12.08%8.26%7.97%
Mar 202671.64%10.21%10.43%7.66%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Domestic institutions raised their stake by 4.1 points over 8 quarters

  • Promoters 71.64%
  • Foreign inst. 9.42%
  • Domestic inst. 12.47%
  • Public 6.38%
Domestic institutions raised their stake by 4.1 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Sep 202371.64%12.63%9.72%6.02%
Dec 202371.64%12.93%9.13%6.28%
Mar 202471.64%12.42%9.58%6.36%
Jun 202471.64%11.68%8.81%7.86%
Sep 202471.64%11.85%8.37%8.13%
Dec 202471.64%12.26%8.13%7.95%
Mar 202571.64%12.08%8.26%7.97%
Jun 202571.64%11.9%8.67%7.72%
Sep 202571.64%12%8.64%7.64%
Dec 202571.64%10.86%9.68%7.77%
Mar 202671.64%10.21%10.43%7.66%
Jun 202671.64%9.34%11.9%7.03%
Sep 202671.64%9.42%12.47%6.38%
Shareholding by owner group, % of the company, each quarter, last 13 quarters.

How far is HAL from balance-sheet trouble?

For Hindustan Aeronautics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does HAL rank in its industry?

52.4 out of 100, rank 11 of 25 in Aerospace & Defence - Equipments, with 96% of the evidence available.

Hindustan Aeronautics Ltd scores 52.4 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 11. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 13.8 + 20.4 + 7.4 + 10.8 = 52.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is HAL compared with?

HAL ranks 11 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 52.4 out of 100.

  1. 1Apollo Micro Systems LtdAPOLLO · turning · Most evidence points up · 100% evidence70.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 29.2/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidenceCapital efficiency 15.6/25 · ROCE 14.5% · Operating margin 29% · 100% evidenceValuation 9.2/20 · P/E 117× · PEG 1.7 · 100% evidenceRelative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks aheadExact sum: 29.2 + 15.6 + 9.2 + 16.4 = 70.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2MTAR Technologies LtdMTARTECH · breaking out · Most evidence points up · 90% evidence70.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 8.6 points · 100% evidenceCapital efficiency 15.4/25 · ROCE 15.1% · Operating margin 21.6% · 100% evidenceValuation 7.4/20 · P/E 155× · PEG — · 50% evidenceRelative strength 14.9/20 · Lead over its industry 18.6% · Lead over NIFTY 500 37.1% · 1 year 168.4% · 100% evidence · 5 of 12 weeks aheadExact sum: 32.3 + 15.4 + 7.4 + 14.9 = 70 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Paras Defence and Space Technologies LtdPARAS · breaking out · Evidence leans up · 82% evidence64.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.6/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidenceCapital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidenceValuation 8.8/20 · P/E 98.6× · PEG — · 50% evidenceRelative strength 13.3/20 · Lead over its industry 17.1% · Lead over NIFTY 500 37.9% · 1 year 76.3% · 100% evidence · 10 of 12 weeks aheadExact sum: 24.6 + 17.5 + 8.8 + 13.3 = 64.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  4. 4Rossell Techsys LtdROSSTECH · leader · Evidence leans up · 79% evidence64.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.7/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidenceCapital efficiency 8.0/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidenceValuation 8.8/20 · P/E 203× · PEG — · 15% evidenceRelative strength 19.5/20 · Lead over its industry 28.7% · Lead over NIFTY 500 52.7% · 1 year 107.2% · 100% evidence · 11 of 12 weeks aheadExact sum: 27.7 + 8 + 8.8 + 19.5 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Sigma Advanced System LtdSIGMAADV · leader · Evidence leans up · 78% evidence58.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.5/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidenceCapital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidenceValuation 6.9/20 · P/E 102× · PEG — · 50% evidenceRelative strength 15.0/20 · Lead over its industry 96.2% · Lead over NIFTY 500 116.7% · 1 year 318.8% · 100% evidence · 12 of 12 weeks aheadExact sum: 26.5 + 9.8 + 6.9 + 15 = 58.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Azad Engineering LtdAZAD · leader · Evidence leans up · 89% evidence57.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.4/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidenceCapital efficiency 12.4/25 · ROCE 11.9% · Operating margin 37% · 100% evidenceValuation 9.0/20 · P/E 120× · PEG 1.94 · 65% evidenceRelative strength 14.9/20 · Lead over its industry 4.2% · Lead over NIFTY 500 24.6% · 1 year 44.1% · 100% evidence · 12 of 12 weeks aheadExact sum: 21.4 + 12.4 + 9 + 14.9 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Jaykay Enterprises LtdJAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence56.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 34.6/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidenceCapital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidenceValuation 13.1/25 · P/E 72.3× · PEG — · 15% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 34.6 + 9.2 + 13.1 = 56.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  8. 8Sika Interplant Systems LtdSIKA · quiet · Evidence leans up · 81% evidence55.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.4/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidenceCapital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidenceValuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidenceRelative strength 7.8/20 · Lead over its industry — · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks aheadExact sum: 13.4 + 21.7 + 12.9 + 7.8 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Data Patterns (India) LtdDATAPATTNS · quiet · Evidence leans up · 96% evidence55.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.9/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidenceCapital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidenceValuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidenceRelative strength 5.5/20 · Lead over its industry -9.4% · Lead over NIFTY 500 8.8% · 1 year 38.5% · 100% evidence · 5 of 12 weeks aheadExact sum: 20.9 + 21.3 + 7.4 + 5.5 = 55.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10High Energy Batteries (India) Ltdlosing its lead · Evidence leans up · 72% evidence53.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.1/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidenceCapital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidenceValuation 11.8/20 · P/E 27.3× · PEG — · 50% evidenceRelative strength 8.9/20 · Lead over its industry — · Lead over NIFTY 500 -2% · 1 year — · 25% evidence · 7 of 11 weeks aheadExact sum: 13.1 + 19.5 + 11.8 + 8.9 = 53.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Hindustan Aeronautics Ltd this pageHAL · breaking out · Evidence leans up · 96% evidence52.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.8/35 · Revenue 7.4% · Profit 12.2% · Operating margin change 1 points · 88% evidenceCapital efficiency 20.4/25 · ROCE 32% · Operating margin 28% · 100% evidenceValuation 7.4/20 · P/E 36.2× · PEG 3.54 · 100% evidenceRelative strength 10.8/20 · Lead over its industry -7.4% · Lead over NIFTY 500 14.5% · 1 year 3.7% · 100% evidence · 12 of 12 weeks aheadExact sum: 13.8 + 20.4 + 7.4 + 10.8 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  12. 12Dynamatic Technologies LtdDYNAMATECH · breaking out · Evidence leans up · 79% evidence51.2out of 100GrowthCapitalValuationRelative
  13. 13Bharat Electronics LtdBEL · turning · Evidence leans up · 100% evidence50.1out of 100GrowthCapitalValuationRelative
  14. 14Astra Microwave Products LtdASTRAMICRO · quiet · Evidence leans down · 96% evidence48.0out of 100GrowthCapitalValuationRelative
  15. 15Zen Technologies LtdZENTEC · turning · Evidence leans down · 60% evidence47.7out of 100GrowthCapitalValuationRelative
  16. 16Mishra Dhatu Nigam LtdMIDHANI · losing its lead · Evidence leans down · 96% evidence42.4out of 100GrowthCapitalValuationRelative
  17. 17Ideaforge Technology LtdIDEAFORGE · quiet · Evidence leans down · 71% evidence41.4out of 100GrowthCapitalValuationRelative
  18. 18AXISCADES Technologies LtdAXISCADES · breaking out · Evidence leans down · 89% evidence41.2out of 100GrowthCapitalValuationRelative
  19. 19Bharat Dynamics LtdBDL · basing · Evidence leans down · 96% evidence35.7out of 100GrowthCapitalValuationRelative
  20. 20BEML LtdBEML · breaking out · Most evidence points down · 100% evidence34.6out of 100GrowthCapitalValuationRelative
  21. 21Avantel LtdAVANTEL · basing · Most evidence points down · 83% evidence34.6out of 100GrowthCapitalValuationRelative
  22. 22Aequs LtdAEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence28.7out of 100GrowthCapitalValuationRelative
  23. 23NIBE LtdNIBE · quiet · Too little evidence to rank firmly · 53% evidence27.8out of 100GrowthCapitalValuationRelative
  24. 24DCX Systems LtdDCXINDIA · quiet · Most evidence points down · 61% evidence23.5out of 100GrowthCapitalValuationRelative
  25. 25Vinyas Innovative Technologies LtdVINYAS · turning · Too little evidence to rank firmly · 44% evidence62.0out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Aerospace & Defence - Equipments, all 25 compared on one page.

Which companies are close to HAL in size?

HAL is the largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Bharat Electronics, Bharat Dynamics, Data Patterns (India), MTAR Technologies, Sigma Advanced System and Azad Engineering.

Aerospace & Defence - Equipments companies close in size

  1. Hindustan Aeronautics Ltd ₹3,37,536 crore
  2. Bharat Electronics Ltd ₹2,70,389 crore
  3. Bharat Dynamics Ltd ₹35,703 crore
  4. Data Patterns (India) Ltd ₹21,274 crore
  5. MTAR Technologies Ltd ₹21,033 crore
  6. Sigma Advanced System Ltd ₹16,915 crore
  7. Azad Engineering Ltd ₹16,687 crore

All 25 Aerospace & Defence - Equipments companies, largest first

Companies close in size in other industries

  1. Adani Enterprises Ltd ₹3,49,104 crore · Trading
  2. Eternal Ltd ₹3,46,224 crore · E-Commerce - Platform - Food
  3. Hindustan Aeronautics Ltd ₹3,37,536 crore
  4. ITC Ltd ₹3,32,848 crore · Cigarettes & Tobacco Products
  5. UltraTech Cement Ltd ₹3,25,473 crore · Cement

What else do people ask about HAL?

What is HAL's share price today?

Hindustan Aeronautics Ltd's share price is ₹4,980.00, +7.6% over the past year. The whole company is worth ₹3,33,319 Cr on the market.

In the last 52 weeks it traded between ₹3,589 to ₹5,043; today it is 96% of the way up from the low, 8.2% above its 200-day average (as of 6 November 2026).

What were HAL's latest quarterly results?

Hindustan Aeronautics Ltd reported revenue of ₹5,515 Cr and net profit of ₹1,590 Cr for the Jun 2026 quarter. Revenue rose 14.4% and profit rose 14.9% compared with a year earlier. Earnings per share were ₹23.77.

The operating margin was 28.0%, 1.0 percentage points higher than a year earlier (as of 6 November 2026).

What is HAL's market cap?

Hindustan Aeronautics Ltd's market capitalisation is ₹3,33,319 Cr at a share price of ₹4,980.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 6 November 2026).

How is HAL performing?

Hindustan Aeronautics Ltd's share price has been rising for 17 weeks. In its latest quarter, revenue rose 14.4% and profit rose 14.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 19 weeks running (as of 6 November 2026).

Will HAL's share price go up?

This page does not forecast Hindustan Aeronautics Ltd's share price. What it shows instead: the share price is ₹4,980.00, and it has been rising for 17 weeks. Its P/E of 35.8× is higher than 86% of its own last 9 years (as of 6 November 2026).

Who owns HAL?

Promoters own 71.6% of Hindustan Aeronautics Ltd, foreign institutions 9.4%, domestic institutions 12.5% and the public 6.4% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 4.1 percentage points over 8 quarters (as of 6 November 2026).

Does HAL have too much debt?

No, Hindustan Aeronautics Ltd has little debt: its debt is 0.00× its equity, and its operating profit is more than 100 times its interest bill. FY26 borrowings were ₹66.0 Cr against equity of ₹41,041 Cr.

So the returns on this page come from the business, not borrowed money (as of 6 November 2026).

Where is HAL in its business cycle?

Hindustan Aeronautics Ltd's FY26 operating margin was 30.0%, against a 12-year range of 15.0% to 32.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 28.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 6 November 2026).

What could break the HAL story?

The main question: results are strong, and the P/E is higher than 86% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 6 November 2026).

Is HAL a stock worth studying right now?

What the numbers show: Hindustan Aeronautics Ltd's earnings have grown faster than its share price. Earnings per share grew +9.0% in a year while the price moved +7.6%. The main open question: whether earnings grow enough to match the multiple.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 6 November 2026).

Is there a HAL share price forecast for 2026?

What management itself guided: FY27 double-digit revenue growth (10-12% minimum) with operating margin held 30-31%; manufacturing inflection from LCA, HTT-40, Sukhoi-30 programs.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

More lists

Every Sector Alpha list, grouped

X · Instagram · YouTube · About · Newsletter · Newsletter archive
This is research, not advice. We’re not SEBI-registered.