Financials Hindustan Aeronautics Limited

Equities

HAL

INE066F01020

Aerospace & Defense

Market Closed - NSE India S.E. 07:43:52 2024-05-28 am EDT 5-day change 1st Jan Change
5,020 INR -2.38% Intraday chart for Hindustan Aeronautics Limited +6.11% +79.02%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 236,228 173,982 332,699 496,532 913,246 3,357,083 - -
Enterprise Value (EV) 1 236,228 173,982 332,699 353,096 710,184 2,225,014 3,088,187 3,049,144
P/E ratio - 6.09 x 10.3 x 9.76 x 15.7 x 29.3 x 48.4 x 42 x
Yield - 6.39% 3.02% 3.37% 1.46% 0.69% 0.86% 0.98%
Capitalization / Revenue 1.19 x 0.81 x 1.46 x 2.02 x 3.39 x 7.32 x 9.75 x 8.58 x
EV / Revenue 1.19 x 0.81 x 1.46 x 1.43 x 2.64 x 7.32 x 8.97 x 7.79 x
EV / EBITDA - 4.05 x 6.22 x 6.52 x 10.7 x 22.8 x 33.8 x 29.1 x
EV / FCF - - 2.29 x 3.82 x 10.1 x 69.7 x 109 x 31.6 x
FCF Yield - - 43.6% 26.2% 9.93% 1.43% 0.92% 3.16%
Price to Book - 1.32 x 2.17 x 2.58 x 3.89 x 13.2 x 10.8 x 9.57 x
Nbr of stocks (in thousands) 668,775 668,775 668,775 668,775 668,775 668,775 - -
Reference price 2 353.2 260.2 497.5 742.4 1,366 5,020 5,020 5,020
Announcement Date 5/27/19 6/25/20 6/28/21 5/13/22 5/12/23 5/16/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 198,941 215,221 227,546 246,202 269,278 303,808 344,243 391,209
EBITDA 1 - 42,996 53,469 54,128 66,630 97,389 91,364 104,830
EBIT 1 - 38,967 41,693 43,030 48,790 83,325 74,192 88,007
Operating Margin - 18.11% 18.32% 17.48% 18.12% 27.43% 21.55% 22.5%
Earnings before Tax (EBT) 1 - 39,606 42,709 52,312 64,929 101,990 93,455 109,450
Net income 1 - 28,570 32,330 50,865 58,112 75,950 69,788 80,767
Net margin - 13.27% 14.21% 20.66% 21.58% 25% 20.27% 20.65%
EPS 2 - 42.72 48.34 76.06 86.90 113.6 103.8 119.6
Free Cash Flow 1 - - 145,077 92,412 70,544 45,272 28,341 96,456
FCF margin - - 63.76% 37.53% 26.2% 15.45% 8.23% 24.66%
FCF Conversion (EBITDA) - - 271.33% 170.73% 105.87% 61.6% 31.02% 92.01%
FCF Conversion (Net income) - - 448.74% 181.68% 121.39% 81.56% 40.61% 119.43%
Dividend per Share 2 - 16.62 15.00 25.00 20.00 34.44 42.92 48.99
Announcement Date 5/27/19 6/25/20 6/28/21 5/13/22 5/12/23 5/16/24 - -
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 54,256 107,382 16,162 55,512 58,918 115,610 36,225 51,449 56,659 124,946 39,153 56,438 61,984 141,776
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 2/12/21 6/28/21 8/13/21 11/11/21 2/10/22 5/13/22 8/12/22 11/11/22 2/9/23 5/12/23 8/11/23 - - -
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 - - - 143,436 203,062 201,848 268,896 307,939
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 145,077 92,412 70,544 45,272 28,341 96,456
ROE (net income / shareholders' equity) - 22.6% 22.6% 29.4% 27.2% 22.3% 23.5% 25%
ROA (Net income/ Total Assets) - 5.5% 6.15% 9.25% 9.27% 6.5% 8.04% 8.76%
Assets 1 - 519,373 525,403 550,052 627,190 853,919 868,092 921,958
Book Value Per Share 2 - 198.0 230.0 288.0 351.0 379.0 463.0 525.0
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 15,596 25,826 22,143
Capex / Sales - 6.42% 3.35% 3.24% 6.61% 5.32% 7.5% 5.66%
Announcement Date 5/27/19 6/25/20 6/28/21 5/13/22 5/12/23 5/16/24 - -
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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