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RESEARCH REPORT ON HINDUSTAN AERONAUTICS LIMITED

July 8, 2023

 RESEARCH REPORT ON HINDUSTAN AERONAUTICS LIMITED

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Hindustan Aeronautics Limited is engaged in the design, development, manufacture, repair, overhaul, upgrade, and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. Its range of aircraft includes Hawk- Advanced Jet Trainer, Light Combat Aircraft (LCA), Su-30 MKI aircraft, Intermediate Jet Trainer (IJT) and Dornier Do-228 aircraft. Its range of helicopters includes Advanced Light Helicopter (ALH- DHRUV), Cheetah Helicopter, Chetak Helicopter and Lancer Helicopter. Its range of avionics includes Inertial Navigation System, Auto Stabilizer, Head up Display, Laser range System, Flight Data Recorder, Communication Equipment, Radio Navigation Equipment and Air Borne Secondary Radar. Its range of system and accessories include Hydraulic system, Wheels and Brake System and Flight Control System. It is also involved in the design and manufacture of jigs fixtures and templates and pressure test fixtures.

 COMPANY PROFILE

Hindustan Aeronautics Limited
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Type Public
Traded as ·         NSE: HAL

·         BSE: 541154
Industry ·         Aerospace

·         Defence
Founded ·         22 December 1940; 82 years ago
(as Hindustan Aircraft)

·         1964; 59 years ago
(Hindustan Aeronautics)Headquarters

Bangalore, Karnataka,

India

Key peopleCB Ananthakrishnan (Chairperson & MD)Products

·         Transport aircraft

·         Fighter aircraft

·         Helicopters

Revenue ₹28,597.58 crore (US$3.6 billion) (2023)Operating income ₹6,509.50 crore (US$820 million) (2023)Net income ₹5,827.73 crore (US$730 million) (2023)Total assets ₹67,203.80 crore (US$8.4 billion) (2023)Total equity ₹23,575.89 crore (US$3.0 billion) (2023)OwnerGovernment of India (71.65%)Number of employees28,345 (April 2019)Websitehal-india.co.in

 

 

  • FUNDAMENTALS

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  • SHAREHOLDING

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FINANCIALS

  • REVENUE

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  • NET PROFIT

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  • EPS

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  • BVPS

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  • ROE

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  • DEBT TO EQUITY

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TECHNICAL ANALYSIS

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BUY HAL AT 3710 TARGET 4250, 4700 STOPLOSS 3175       

(1-4 MONTHS)

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  • The defence ministry on July 7 signed a Rs 458.87-crore contract with Hindustan Aeronautics Limited (HAL) for the procurement of two Dornier aircraft for the Indian Coast Guard.
  • As far as the 50-SMA Classic Moving Average is concerned, HAL / Hindustan Aeronautics share priceis currently Bullish while the 50-EMA Exponential Moving Average indicates that the stock price is Bullish.
  • Beating 3 year revenue CAGR

Company’s annual revenue growth of 11.69% outperformed its 3 year CAGR of 9.48%.

  • Based on the rationale, the stock is looking positive. It can be accumulated at 3710 with a stop loss of 3175 on a closing basis. On the higher side, the stock has potential up to 4700 level in the next 1-4 months.

 

RATIO ANALYSIS

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Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the Intermediary or provides any assurance of returns to investors.

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