HAL

Hindustan Aeronautics share price & results

Hindustan Aeronautics Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

India's state-owned aerospace major that builds and overhauls military aircraft, helicopters and engines

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Guidance Hit Rate
16 targets · 33% hit rate 2 achieved · 10 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q4 FY26 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹4,980 −1.25% · −₹63

Last close 6 Nov 2026 · NSE · INR · Source: Inve

Performance +6.3% 1Y

₹3.5k₹4.0k₹4.5k₹5.0kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q4 FY26 — 15 May 2026

1Y: ₹4,685.8 on 4 Nov 2025 → ₹4,980. High ₹5,099 (18 Aug 2026), low ₹3,487.2 (30 Mar 2026).

Previous close
₹5,043
Market cap
₹3.3L Cr
52-week range
₹3,487.2 – ₹5,099
One year
+8.41%
Price to earnings (TTM to Jun 2026)
35.78×
Return on equity (TTM to Jun 2026)
24.52%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue14.0 ₹ crore+27.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin28.0 %+1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit1,581 ₹ crore+14.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity24.52 %−2.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin25.50 %−12.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)7.42 %+4.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 6 judged targets kept · 10 open · verdicts reflect calls analysed to Q4 FY26.

Hindustan Aeronautics Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (2 achieved, 4 missed, 10 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Capex & Expansion (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth Order Book
Rs 1,20,000 crores by March 2025
Q4 FY24
Q4 FY26:Promise remains achieved. Order book has further grown to Rs 2,54,538 crores.
Call transcript, Q4 FY26 · 15 May 2026
Achieved
Growth Revenue Growth
Double-digit from FY25, then 12-13%, stabilizing at 14-15%
Q4 FY23
Q4 FY26:Achieved 7% growth in FY26, missing the revised 8-10% guidance. Double-digit growth target (10-12%) is now pushed to FY27.
Call transcript, Q4 FY26 · 15 May 2026
Missed
Capex 5-Year CAPEX
Rs 14,000-15,000 crores over 5 years
Q4 FY24
Q4 FY26:New guidance is to invest 'around INR12,000 crores... by 2030'. This represents a smaller amount over a longer timeframe than the original plan.
Call transcript, Q4 FY26 · 15 May 2026
Revised Down

Source: Inve Guidance Tracker for Hindustan Aeronautics Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Hindustan Aeronautics Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Sector context

Sector call context

Shared sector pressures matched to this company’s latest reporting period.

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Hindustan Aeronautics Limited. Each comparison matches a headwind disclosed by Hindustan Aeronautics Limited in the same calendar reporting quarter.

  • Global aerospace supply chain issues are causing 'slowness' in component supply, which could…

    Topic: Supply chain disruption · Logistics supply chain · Q4 FY26

    Hindustan Aeronautics Limited reported: Global aerospace supply chain issues are causing 'slowness' in component supply, which could lead to minor delays in various production programs.

    Reporting period ended 2026-03-31

    89 other companies · Logistics supply chain

    Bharat Electronics Limited (BEL) reported (period ended 2026-03-31): Middle East crisis caused 1-1.5 month delays for some subcomponents, leading to a minor setback in achieving slightly better revenues, though overall yearly impact is managed through planning.

    Hitachi Energy India Limited (POWERINDIA) reported (period ended 2026-03-31): Impacts supply chains and creates inflationary pressures.

    Ashok Leyland Limited (ASHOKLEY) reported (period ended 2026-03-31): International logistics issues in March led to marginally lower Q4 export volumes, though things are returning to normalcy.

    Waaree Energies Limited (WAAREEENER) reported (period ended 2026-03-31): The company is actively de-risking its supply chain through strategic acquisitions (e.g., United Polysilicon) and backward integration to reduce reliance on external sources, especially for FEOC-compliant materials.

    Evidence drawer

    Evidence type: Summary paraphrase

    Global aerospace supply chain issues are causing 'slowness' in component supply, which could lead to minor delays in various production programs.

    Source company: Hindustan Aeronautics Limited · Reporting period ended 2026-03-31 · Calendar quarter: Q4 FY26 · Distinct companies matched: 89

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

HAL ₹4,980 −1.25%
Guidance Verdict (16 tracked) 2 kept · 10 open· 4 missed
AI Call Brief · Q4 FY26

Hind.Aeronautics Q4 FY26

Overview

Symbol
NSE:HAL
Industry
Industrials
Exchange
NSE
Currency
INR

What Hindustan Aeronautics Limited does

Based on the company's own presentations, annual report and earnings calls.

Hindustan Aeronautics Limited is India's Maharatna defence public-sector undertaking, engaged in the design, development, manufacture, repair and overhaul of military aircraft, helicopters, aero-engines, avionics and accessories. Its principal customers are the Indian armed forces — the Air Force, Army, Navy and Coast Guard — along with paramilitary forces and ISRO, and it also exports aerospace components. Revenue comes from new-build manufacturing contracts and from the repair, overhaul and upgrade (ROH) of in-service platforms, supplemented by spares, design-and-development projects and exports.

Segments

  • Manufacturing
  • Repair & Overhaul (ROH)
  • Spares
  • Design & Development Projects
  • Exports
Corporate status
Maharatna defence PSU under Ministry of Defence
Employees
31,144
Production complexes
Bangalore, MiG, Helicopter and Accessories complexes
LCA Tejas production lines
3 (two in Bangalore, one in Nasik)
Manufacturing locations
Bangalore, Nasik, Koraput, Kanpur, Lucknow, Hyderabad
Greenfield facility
Helicopter Factory at Tumakuru, Karnataka
Founded 1963Headquarters Bengaluru, Karnataka, IndiaEmployees 31,144 (March 31, 2025) Company website

How the price took the results

Moved an average of ±4.8% across the last 1 priced result release

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Before → AfterReaction
Q4 FY2615 May 262 4,184₹4,608 → ₹4,386.2−4.8%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Other Capital Goods companies

PEER COMPARISON
Median ₹1.5L Cr Mkt Cap
₹0 Cr₹2.0L Cr₹4.0L Cr₹6.0L CrHindustan Aeronautics Limited (HAL): ₹3.3L Cr₹3.3L CrHALBharat Electronics Limited (BEL): ₹2.9L Cr₹2.9L CrBELTata Motors Limited (TMCV): ₹1.5L Cr₹1.5L CrTMCVA B B (ABB): ₹1.5L Cr₹1.5L CrABBB H E L (BHEL): ₹1.5L Cr₹1.5L CrBHELSiemens Limited (SIEMENS): ₹1.3L Cr₹1.3L CrSIEMENSHitachi Energy India Limited (POWERINDIA): ₹1.2L Cr₹1.2L CrPOWERINDIACG Power and Industrial Solutions Limited (CGPOWER): ₹1.2L Cr₹1.2L CrCGPOWERPolycab India Limited (POLYCAB): ₹1.2L Cr₹1.2L CrPOLYCAB

All Capital Goods companies → · Capital Goods earnings growth →

Quick Answers

Frequently asked questions on Hindustan Aeronautics Limited

Compiled directly from HAL's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Hindustan Aeronautics Limited (HAL) perform in its latest reported quarter (Jun 2026)?

For the quarter ended Jun 2026, Hindustan Aeronautics Limited reported revenue of ₹14 Cr, net profit of ₹1.6k Cr, an operating margin of 28.0%. Diluted earnings per share stood at ₹23.63.

How is Hindustan Aeronautics Limited (HAL) valued today, and what growth does the stock price imply?

Hindustan Aeronautics Limited (HAL) trades at ₹4,980, with a market capitalization of ₹333.5k Cr.

Who owns Hindustan Aeronautics Limited (HAL) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 71.6%, FIIs hold 9.4%, DIIs hold 12.5%, Public shareholders hold 6.4%.

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