# HAL share price today (Hindustan Aeronautics Ltd, NSE: HAL)

> HAL share price today: ₹5,079.10 at the NSE close on 4 November 2026, up 9.8% in a year. Hindustan Aeronautics (NSE: HAL) is worth ₹3,39,656 crore, trades at a P/E of 36.4 and has closed between ₹3,588.60 and ₹5,079.10 over the past 52 weeks. > Hindustan Aeronautics Ltd's results are improving, and its P/E is near the top of its own history, higher than 90% of past readings. HAL · Aerospace & Defence - Equipments · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹5,079.10 (+9.8% in a year)
- P/E: 36.4× (higher than 90% of the last 8.6 years)
- Revenue (Jun 2026): ₹5,515 Cr (+14.4% on a year ago)
- Profit (Jun 2026): ₹1,590 Cr (+14.9% on a year ago)
- Operating margin: 28.0% (+1.0 points on a year ago)
- ROCE: 32%, FY26
- ROIC: 11.4%, against a 12.0% cost of capital: −0.6 points

The main question: results are strong, and the P/E is higher than 90% of its own history. ## What is the HAL share price today? Hindustan Aeronautics Ltd's share price was ₹5,079.10 at the close on 4 November 2026. It has been rising for 17 weeks. That is 10.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,589 and ₹5,079, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 19 weeks in a row. Over the last 8.6 years the share price moved +797% 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 5 November 2026 (2 payments), a yield of 0.89% at the ₹5,079.10 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 14 August 2026. ### HAL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 14 Aug 2026 | ₹10 | Dividend | same day |
| 18 Feb 2026 | ₹35 | Interim | same day |
| 21 Aug 2025 | ₹15 | Dividend | same day |
| 18 Feb 2025 | ₹25 | Interim | same day |
| 21 Aug 2024 | ₹13 | Dividend | same day |
| 20 Feb 2024 | ₹22 | Interim | same day |
| 24 Aug 2023 | ₹15 | Dividend | same day |
| 20 Mar 2023 | ₹20 | Interim | same day |
| 18 Nov 2022 | ₹20 | Interim | 21 Nov 2022 |
| 19 Aug 2022 | ₹10 | Dividend | 22 Aug 2022 |
| 17 Feb 2022 | ₹26 | Interim | 18 Feb 2022 |
| 23 Nov 2021 | ₹14 | Interim | 24 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 5 Of 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 5 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| 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 margin | 28.0% | 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 ₹5,079.10 on 4 November 2026, up 9.8% from ₹4,626.60 a year earlier (7 November 2025) and up 658.0% over five years. Its highest weekly close since March 2018 was ₹5,552.00 on 5 July 2024. ### HAL share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹4,853.70 | +4.6% |
| 1 month ago · 1 Oct 2026 | ₹4,601.00 | +10.4% |
| 6 months ago · 8 May 2026 | ₹4,788.10 | +6.1% |
| 1 year ago · 7 Nov 2025 | ₹4,626.60 | +9.8% |
| 3 years ago · 3 Nov 2023 | ₹1,901.75 | +167.1% |
| 5 years ago · 4 Nov 2021 | ₹670.05 | +658.0% |
| Earliest weekly close in our records · 28 Mar 2018 | ₹566.43 | +796.7% |
| Highest weekly close since March 2018 · 5 Jul 2024 | ₹5,552.00 | −8.5% |
| Lowest weekly close since March 2018 · 8 May 2020 | ₹250.93 | +1,924.1% |
| 52-week high (weekly close) · 4 Nov 2026 | ₹5,079.10 | 0.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹3,588.60 | +41.5% |

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 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (457 weekly closes from 28 March 2018 to 4 November 2026.)

## What is the latest news on HAL? 4 Nov 2026: HAL closed at ₹5,079.10, up 4.6% on the week and up 10.4% 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](https://files.tijorifinance.com/insight/india/6270/Conference Call/CC-May26.pdf). (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. - 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. - [Momentum stocks Market cap cr: 339677.1735583163](https://www.sectoralpha.in/momentum-stocks-india)
- [Defence stocks Group on the list: Defence equipment and electronics](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## 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. 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). 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. The last four reported quarters add to ₹33,785 Cr. FY26 revenue was ₹33,089 Cr, +6.8% on the year 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. 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. ## 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. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. 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. 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. 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 36.4×, near the high end of its own history: higher than 90% of past readings. Its usual P/E (the middle reading) is 14.3×, 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. Why the multiple is where it is: over the past year earnings per share moved +9.0% while the price moved +9.8%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +49.9% a year; about +23.2% a year came from earnings growth and about +26.7 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. Why it matters: steady growth with healthy returns is how a business compounds over time. ## 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. 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. ## 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. ## 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. 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. ## 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. ## How does HAL rank in its industry? 52.3 out of 100, rank 11 of 25 in Aerospace & Defence - Equipments, with 96% of the evidence available. Hindustan Aeronautics Ltd scores 52.3 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: 13.7 + 20.4 + 7.4 + 10.8 = 52.3. 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 52.3 out of 100. 1. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) APOLLO · turning · Most evidence points up · 100% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidence Capital efficiency 15.7/25 · ROCE 14.5% · Operating margin 29% · 100% evidence Valuation 9.2/20 · P/E 107× · PEG 1.7 · 100% evidence Relative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.9 + 15.7 + 9.2 + 16.4 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) MTARTECH · breaking out · Most evidence points up · 90% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 10.2 points · 100% evidence Capital efficiency 15.5/25 · ROCE 15.1% · Operating margin 23.2% · 100% evidence Valuation 7.4/20 · P/E 155× · PEG n/a · 50% evidence Relative 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 ahead Exact sum: 32.3 + 15.5 + 7.4 + 14.9 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) PARAS · breaking out · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidence Capital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidence Valuation 8.7/20 · P/E 98.6× · PEG n/a · 50% evidence Relative 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 ahead Exact sum: 24.4 + 17.5 + 8.7 + 13.3 = 63.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Rossell Techsys Ltd](https://www.sectoralpha.in/stocks/rossell-techsys-ltd) ROSSTECH · leader · Evidence leans up · 79% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidence Capital efficiency 8.1/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidence Valuation 8.8/20 · P/E 194× · PEG n/a · 15% evidence Relative 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 ahead Exact sum: 27.5 + 8.1 + 8.8 + 19.5 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) SIGMAADV · leader · Evidence leans up · 78% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidence Capital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidence Valuation 6.9/20 · P/E 102× · PEG n/a · 50% evidence Relative 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 ahead Exact sum: 26.4 + 9.8 + 6.9 + 15 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) AZAD · leader · Evidence leans up · 89% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidence Capital efficiency 12.5/25 · ROCE 11.9% · Operating margin 37% · 100% evidence Valuation 9.0/20 · P/E 114× · PEG 1.94 · 65% evidence Relative 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 ahead Exact sum: 21 + 12.5 + 9 + 14.9 = 57.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) JAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.3/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidence Valuation 12.9/25 · P/E 72.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.3 + 9.2 + 12.9 = 56.4 (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. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) SIKA · quiet · Evidence leans up · 81% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidence Capital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidence Valuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 13.1 + 21.7 + 12.9 + 7.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) DATAPATTNS · quiet · Evidence leans up · 96% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidence Capital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidence Valuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidence Relative 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 ahead Exact sum: 20.8 + 21.3 + 7.4 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) losing its lead · Evidence leans up · 72% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidence Capital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidence Valuation 11.8/20 · P/E 27.3× · PEG n/a · 50% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2% · 1 year n/a · 25% evidence · 7 of 11 weeks ahead Exact sum: 12.9 + 19.5 + 11.8 + 8.9 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. Hindustan Aeronautics Ltd this page HAL · breaking out · Evidence leans up · 96% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.7/35 · Revenue 7.4% · Profit 12.2% · Operating margin change 1 points · 88% evidence Capital efficiency 20.4/25 · ROCE 32% · Operating margin 28% · 100% evidence Valuation 7.4/20 · P/E 34.8× · PEG 3.54 · 100% evidence Relative 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 ahead Exact sum: 13.7 + 20.4 + 7.4 + 10.8 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 12. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) DYNAMATECH · breaking out · Evidence leans up · 79% evidence 50.9 out of 100 Growth Capital Valuation Relative
13. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) BEL · turning · Evidence leans up · 100% evidence 50.7 out of 100 Growth Capital Valuation Relative
14. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ASTRAMICRO · quiet · Evidence leans down · 96% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ZENTEC · turning · Evidence leans down · 60% evidence 47.6 out of 100 Growth Capital Valuation Relative
16. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) MIDHANI · losing its lead · Evidence leans down · 96% evidence 42.4 out of 100 Growth Capital Valuation Relative
17. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) AXISCADES · breaking out · Evidence leans down · 89% evidence 41.5 out of 100 Growth Capital Valuation Relative
18. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) IDEAFORGE · quiet · Evidence leans down · 71% evidence 41.5 out of 100 Growth Capital Valuation Relative
19. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) BEML · breaking out · Evidence leans down · 88% evidence 40.8 out of 100 Growth Capital Valuation Relative
20. [Bharat Dynamics Ltd](https://www.sectoralpha.in/stocks/bharat-dynamics-ltd) BDL · basing · Evidence leans down · 96% evidence 35.4 out of 100 Growth Capital Valuation Relative
21. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) AVANTEL · basing · Most evidence points down · 83% evidence 34.6 out of 100 Growth Capital Valuation Relative
22. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) AEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence 28.8 out of 100 Growth Capital Valuation Relative
23. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) NIBE · quiet · Too little evidence to rank firmly · 53% evidence 27.8 out of 100 Growth Capital Valuation Relative
24. [DCX Systems Ltd](https://www.sectoralpha.in/stocks/dcx-systems-ltd) DCXINDIA · quiet · Most evidence points down · 61% evidence 23.7 out of 100 Growth Capital Valuation Relative
25. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) VINYAS · turning · Too little evidence to rank firmly · 44% evidence 62.0 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/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 BEML. ### Aerospace & Defence - Equipments companies close in size

1. Hindustan Aeronautics Ltd ₹3,24,603 crore
2. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) ₹2,70,389 crore
3. [Bharat Dynamics Ltd](https://www.sectoralpha.in/stocks/bharat-dynamics-ltd) ₹35,703 crore
4. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) ₹21,274 crore
5. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) ₹21,033 crore
6. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) ₹16,915 crore
7. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) ₹16,563 crore

[All 25 Aerospace & Defence - Equipments companies, largest first](https://www.sectoralpha.in/sectors/aerospace-defence-equipments#all-companies)

### Companies close in size in other industries

1. [Eternal Ltd](https://www.sectoralpha.in/stocks/eternal-ltd) ₹3,31,634 crore · E-Commerce - Platform - Food
2. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ₹3,25,473 crore · Cement
3. Hindustan Aeronautics Ltd ₹3,24,603 crore
4. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) ₹3,06,657 crore · Power - Generation/Distribution
5. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) ₹3,04,704 crore · Steel

## What else do people ask about HAL? ### What is HAL's share price today? Hindustan Aeronautics Ltd's share price is ₹5,079.10, +9.8% over the past year. The whole company is worth ₹3,39,656 Cr on the market. It is at its highest price of the past 52 weeks (range ₹3,589 to ₹5,079), 10.8% above its 200-day average. The price has been rising for 17 weeks (as of 4 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 4 November 2026). ### What is HAL's market cap? Hindustan Aeronautics Ltd's market capitalisation is ₹3,39,656 Cr at a share price of ₹5,079.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 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 4 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 ₹5,079.10, and it has been rising for 17 weeks. Its P/E of 36.4× is higher than 90% of its own last 9 years (as of 4 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 4 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 4 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 4 November 2026). ### What could break the HAL story? The main question: results are strong, and the P/E is higher than 90% 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 4 November 2026). ### Is HAL a stock worth studying right now? What the numbers show: Hindustan Aeronautics Ltd's results are improving, and its P/E is near the top of its own history, higher than 90% of past readings. 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 4 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. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.