Financials Hindustan Aeronautics Limited

Equities

HAL

INE066F01020

Aerospace & Defense

Market Closed - NSE India S.E. 05:10:47 29/04/2024 pm IST 5-day change 1st Jan Change
4,018 INR +0.84% Intraday chart for Hindustan Aeronautics Limited +7.10% +43.28%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,36,228 1,73,982 3,32,699 4,96,532 9,13,246 26,86,937 - -
Enterprise Value (EV) 1 2,36,228 1,73,982 3,32,699 3,53,096 7,10,184 25,26,268 24,79,473 24,44,963
P/E ratio - 6.09 x 10.3 x 9.76 x 15.7 x 50.9 x 43.9 x 37.4 x
Yield - 6.39% 3.02% 3.37% 1.46% 0.82% 0.96% 1.13%
Capitalization / Revenue 1.19 x 0.81 x 1.46 x 2.02 x 3.39 x 9.19 x 8.09 x 7.06 x
EV / Revenue 1.19 x 0.81 x 1.46 x 1.43 x 2.64 x 8.64 x 7.46 x 6.42 x
EV / EBITDA - 4.05 x 6.22 x 6.52 x 10.7 x 35 x 29.6 x 25.3 x
EV / FCF - - 2.29 x 3.82 x 10.1 x 61.1 x 42.8 x 26.9 x
FCF Yield - - 43.6% 26.2% 9.93% 1.64% 2.34% 3.72%
Price to Book - 1.32 x 2.17 x 2.58 x 3.89 x 10.7 x 9.6 x 8.64 x
Nbr of stocks (in thousands) 6,68,775 6,68,775 6,68,775 6,68,775 6,68,775 6,68,775 - -
Reference price 2 353.2 260.2 497.5 742.4 1,366 4,018 4,018 4,018
Announcement Date 27/05/19 25/06/20 28/06/21 13/05/22 12/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,98,941 2,15,221 2,27,546 2,46,202 2,69,278 2,92,358 3,32,242 3,80,694
EBITDA 1 - 42,996 53,469 54,128 66,630 72,276 83,725 96,674
EBIT 1 - 38,967 41,693 43,030 48,790 57,355 69,625 81,488
Operating Margin - 18.11% 18.32% 17.48% 18.12% 19.62% 20.96% 21.41%
Earnings before Tax (EBT) 1 - 39,606 42,709 52,312 64,929 70,074 81,329 96,895
Net income 1 - 28,570 32,330 50,865 58,112 53,989 61,712 72,910
Net margin - 13.27% 14.21% 20.66% 21.58% 18.47% 18.57% 19.15%
EPS 2 - 42.72 48.34 76.06 86.90 78.96 91.43 107.3
Free Cash Flow 1 - - 1,45,077 92,412 70,544 41,348 57,898 91,048
FCF margin - - 63.76% 37.53% 26.2% 14.14% 17.43% 23.92%
FCF Conversion (EBITDA) - - 271.33% 170.73% 105.87% 57.21% 69.15% 94.18%
FCF Conversion (Net income) - - 448.74% 181.68% 121.39% 76.59% 93.82% 124.88%
Dividend per Share 2 - 16.62 15.00 25.00 20.00 32.78 38.42 45.56
Announcement Date 27/05/19 25/06/20 28/06/21 13/05/22 12/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 54,256 1,07,382 16,162 55,512 58,918 1,15,610 36,225 51,449 56,659 1,24,946 39,153 56,438 61,984 1,41,776
EBITDA 12,086 27,238 2,441 12,422 14,287 24,978 8,250 16,100 9,855 32,424 - 14,648 15,193 36,608
EBIT - - - - - - - - 7,168 21,871 - - - 35,020
Operating Margin - - - - - - - - 12.65% 17.5% - - - 24.7%
Earnings before Tax (EBT) - - - - - - - - 12,117 28,538 - 16,167 15,435 30,435
Net income 1 - - - - - - - 12,092 11,540 28,413 8,142 12,238 12,138 25,203
Net margin - - - - - - - 23.5% 20.37% 22.74% 20.79% 21.68% 19.58% 17.78%
EPS - - - - - - - - 17.26 42.48 - 18.00 19.00 43.00
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 12/02/21 28/06/21 13/08/21 11/11/21 10/02/22 13/05/22 12/08/22 11/11/22 09/02/23 12/05/23 11/08/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 1,43,436 2,03,062 1,60,670 2,07,464 2,41,974
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 1,45,077 92,412 70,544 41,348 57,898 91,048
ROE (net income / shareholders' equity) - 22.6% 22.6% 29.4% 27.2% 22.1% 22.3% 24.4%
ROA (Net income/ Total Assets) - 5.5% 6.15% 9.25% 9.27% 6.5% 8% 8.8%
Assets 1 - 5,19,373 5,25,403 5,50,052 6,27,190 8,30,594 7,71,394 8,28,517
Book Value Per Share 2 - 198.0 230.0 288.0 351.0 376.0 419.0 465.0
Cash Flow per Share 2 - - - 150.0 132.0 67.90 50.60 166.0
Capex 1 - 13,813 7,619 7,989 17,811 15,695 15,095 16,577
Capex / Sales - 6.42% 3.35% 3.24% 6.61% 5.37% 4.54% 4.35%
Announcement Date 27/05/19 25/06/20 28/06/21 13/05/22 12/05/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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