Founded on December 23, 1940, Hindustan Aeronautics Limited (HAL) has been a stalwart in India’s aerospace and defense sectors for over eight decades. Based in Bangalore, HAL began its journey with licensed production of aircraft for the Indian Air Force in the 1940s, marking India’s entry into indigenous aircraft manufacturing.
Today, HAL operates 11 research and development centers and 21 manufacturing divisions across India, playing a vital role in designing and manufacturing fighter jets, helicopters, engines, avionics, and software for the Indian armed forces. Notably, HAL’s HF-24 Marut fighter-bomber holds the distinction of being India’s first indigenous fighter aircraft.
Managed by a board of directors appointed by the President of India, HAL remains committed to advancing India’s defense capabilities and fostering aerospace excellence through innovation and technological self-reliance. As a cornerstone of India’s defense industrial landscape, HAL continues to drive progress and strengthen India’s aerospace prowess globally.
As of July 4th, 2024, HAL’s share price is trading at Rs. 5,515 with a mammoth market cap of Rs.3,68,965 Cr.
History of HAL
Following its merger with Aeronautics India Limited in 1964, HAL further consolidated India’s aerospace industry under a unified entity. Over the decades, HAL has diversified its portfolio to include helicopters, industrial gas turbine engines, and composite materials manufacturing. With notable achievements such as the development of the Light Combat Aircraft (LCA) Tejas and the Light Utility Helicopter (LUH), HAL continues to drive innovation and technological excellence in India’s aerospace sector. As a listed entity on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since March 2018, HAL remains committed to advancing India’s aerospace capabilities and contributing to the nation’s defense and technological prowess.
HAL’s Q4FY24 Results: Surging Profits, Strong Revenue Growth, and Bullish Market Reaction
- Net Profit Surge: HAL’s net profit for Q4FY24 surged by 52% year-on-year, reaching ₹4,308 crore compared to ₹2,833 crore in the same period last year.
- Revenue Growth: The company’s revenue from operations witnessed an 18% year-on-year growth, amounting to ₹14,768.70 crore in Q4FY24, up from ₹12,494 crore in Q4FY23.
- Sequential Growth: Net profit more than doubled sequentially from ₹1,261 crore in the preceding December quarter. Revenue also rose significantly by 140% sequentially.
- Margin Improvement: HAL’s margins for the March quarter improved to 35%, compared to 25.9% a year ago.
- Expense Reduction: The company’s expenses fell by 8% year-on-year to ₹9,543 crore from ₹10,360 crore.
- EBITDA Increase: HAL reported an EBITDA of ₹5,470 crore during the January-March period, marking a 60% increase compared to ₹3,242 crore in Q4FY23.
- Full-Year Performance: HAL’s consolidated net profit rose by 31% to ₹7,621 crore for the fiscal year ending March 2024. Revenue from operations increased by 13% to ₹30,381 crore.
- Order Book: As of March 31, 2024, HAL’s order book exceeded ₹94,000 crore, with significant orders expected in FY25.
- New Contracts: HAL secured new manufacturing contracts worth over ₹19,000 crore and ROH contracts worth over ₹16,000 crore during FY24.
- Export Achievement: HAL signed an export contract with the Guyana Defence Forces for the supply of two Hindustan-228 aircraft.
- Offer for Sale (OFS): The government issued an OFS in HAL during the March quarter, which successfully sailed through despite challenging market conditions.
- Market Reaction: Following the results announcement, HAL’s shares soared by over 11%, trading at ₹4,650 apiece as of May 16.
- Trading Volume: Approximately 1.50 lakh HAL shares were traded on May 16, with a turnover of ₹63.40 crore and a market capitalization of ₹2,82,861.73 crore.
- Analyst Insights: Analysts remained positive on HAL, recommending buying opportunities and highlighting it as a key beneficiary of import substitution in the defense sector.
How to Purchase Hindustan Aeronautics Ltd (HAL) Shares in India?
Below are the trading platforms that you can use to purchase HAL’s shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Hindustan Aeronautics Ltd (HAL) Share Price Prediction: 2024, 2025 to 2030
HAL Share Price Target 2024
When | Maximum Price | Minimum Price |
July 2024 | 5,534.80 | 4,812.87 |
August 2024 | 5,756.20 | 5,005.39 |
September 2024 | 5,986.44 | 5,205.60 |
October 2024 | 5,869.06 | 5,103.53 |
November 2024 | 6,103.83 | 5,307.67 |
December 2024 | 6,164.86 | 5,360.75 |
In 2024, HAL Share prices are projected to exhibit a range of fluctuations. In July, the maximum price is expected to reach ₹5,534.80, while the minimum may drop to ₹4,812.87. Moving into August, prices could range from ₹5,756.20 to ₹5,005.39. September is projected to see prices between ₹5,986.44 and ₹5,205.60. By October, the range is expected to be ₹5,869.06 to ₹5,103.53. In November, HAL Share prices might vary from ₹6,103.83 to ₹5,307.67, and by December, the projected range is ₹6,164.86 to ₹5,360.75.
HAL Share Price Target 2025
When | Maximum Price | Minimum Price |
January 2025 | 6,226.51 | 4,789.62 |
February 2025 | 6,289.41 | 4,838.00 |
March 2025 | 6,421.48 | 4,939.60 |
April 2025 | 6,357.90 | 4,890.70 |
May 2025 | 6,172.72 | 4,748.25 |
June 2025 | 6,450.50 | 4,961.92 |
July 2025 | 6,324.02 | 4,864.63 |
August 2025 | 6,519.60 | 5,015.08 |
September 2025 | 6,597.84 | 5,075.26 |
October 2025 | 6,769.38 | 5,207.22 |
November 2025 | 6,938.62 | 5,337.40 |
December 2025 | 7,250.85 | 5,577.58 |
In 2025, HAL shares are expected to exhibit notable price fluctuations. In January, the maximum price is anticipated to reach ₹6,226.51, while the minimum price is projected to be ₹4,789.62. By December, the maximum price is forecasted to rise to ₹7,250.85, with a minimum price of ₹5,577.58.
HAL Share Price Prediction 2026
When | Maximum Price | Minimum Price |
January 2026 | 7,468.38 | 5,744.91 |
February 2026 | 7,281.67 | 5,601.29 |
March 2026 | 7,427.30 | 5,713.31 |
April 2026 | 7,578.88 | 5,829.91 |
May 2026 | 7,503.84 | 5,772.19 |
June 2026 | 7,691.44 | 5,916.49 |
July 2026 | 7,540.63 | 5,800.48 |
August 2026 | 7,773.84 | 5,979.88 |
September 2026 | 7,929.32 | 6,099.48 |
October 2026 | 8,135.48 | 6,258.06 |
November 2026 | 8,338.87 | 6,414.51 |
December 2026 | 8,547.34 | 6,574.88 |
HAL Share Price Prediction 2027
When | Maximum Price | Minimum Price |
January 2027 | 8,632.81 | 6,640.63 |
February 2027 | 8,854.17 | 6,810.90 |
March 2027 | 9,199.48 | 7,076.52 |
April 2027 | 9,019.10 | 6,937.77 |
May 2027 | 8,756.41 | 6,735.70 |
June 2027 | 9,150.44 | 7,038.80 |
July 2027 | 8,971.02 | 6,900.79 |
August 2027 | 9,248.48 | 7,114.21 |
September 2027 | 9,572.18 | 7,363.21 |
October 2027 | 9,821.05 | 7,554.66 |
November 2027 | 10,066.58 | 7,743.52 |
December 2027 | 10,318.24 | 7,937.11 |
HAL Share Price Target 2028
When | Maximum Price | Minimum Price |
January 2028 | 10,524.61 | 8,095.85 |
February 2028 | 10,794.47 | 8,303.44 |
March 2028 | 11,215.45 | 8,627.27 |
April 2028 | 10,995.54 | 8,458.11 |
May 2028 | 10,675.28 | 8,211.76 |
June 2028 | 11,155.67 | 8,581.29 |
July 2028 | 10,936.93 | 8,413.03 |
August 2028 | 11,275.19 | 8,673.22 |
September 2028 | 11,669.82 | 8,976.78 |
October 2028 | 11,973.24 | 9,210.18 |
November 2028 | 12,272.57 | 9,440.44 |
December 2028 | 12,579.38 | 9,676.45 |
HAL Share Price Target 2029
When | Maximum Price | Minimum Price |
January 2029 | 12,830.97 | 9,869.98 |
February 2029 | 13,159.97 | 10,123.05 |
March 2029 | 13,673.21 | 10,517.85 |
April 2029 | 13,405.10 | 10,311.62 |
May 2029 | 13,014.66 | 10,011.28 |
June 2029 | 13,600.32 | 10,461.79 |
July 2029 | 13,333.65 | 10,256.65 |
August 2029 | 13,746.03 | 10,573.87 |
September 2029 | 14,227.14 | 10,943.96 |
October 2029 | 14,597.05 | 11,228.50 |
November 2029 | 14,961.97 | 11,509.21 |
December 2029 | 15,336.02 | 11,796.94 |
HAL Share Price Prediction 2030
When | Maximum Price | Minimum Price |
January 2030 | 15,642.74 | 12,032.88 |
February 2030 | 16,043.84 | 12,341.42 |
March 2030 | 16,669.55 | 12,822.73 |
April 2030 | 16,342.70 | 12,571.31 |
May 2030 | 15,866.70 | 12,205.15 |
June 2030 | 16,580.70 | 12,754.38 |
July 2030 | 16,255.59 | 12,504.30 |
August 2030 | 16,758.34 | 12,891.03 |
September 2030 | 17,344.88 | 13,342.21 |
October 2030 | 17,795.84 | 13,689.11 |
November 2030 | 18,240.74 | 14,031.34 |
December 2030 | 18,696.76 | 14,382.12 |
In 2030, HAL shares are projected to experience significant price movements. Starting in January, the maximum price is expected to reach ₹15,642.74, while the minimum price is anticipated to be ₹12,032.88. By December, the maximum price is forecasted to rise to ₹18,696.76, with the minimum price at ₹14,382.12. This trend highlights the anticipated growth and volatility in HAL’s market performance throughout the year.
Financial Condition of Hindustan Aeronautics Ltd: Last 5 years
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
Sales + | 21,445 | 22,882 | 24,620 | 26,928 | 30,381 |
Expenses + | 16,565 | 17,541 | 19,200 | 20,258 | 20,642 |
Operating Profit | 4,880 | 5,341 | 5,420 | 6,669 | 9,739 |
OPM % | 23% | 23% | 22% | 25% | 32% |
Other Income + | 415 | 360 | 986 | 1,672 | 1,899 |
Interest | 359 | 267 | 65 | 64 | 32 |
Depreciation | 998 | 1,157 | 1,110 | 1,784 | 1,406 |
Profit before tax | 3,938 | 4,277 | 5,231 | 6,493 | 10,199 |
Tax % | 28% | 24% | 3% | 10% | 26% |
Net Profit + | 2,842 | 3,239 | 5,086 | 5,811 | 7,595 |
EPS in Rs | 42.49 | 48.44 | 76.05 | 86.89 | 113.57 |
Dividend Payout % | 39% | 31% | 26% | 32% | 19% |
Hindustan Aeronautics Ltd (HAL) has exhibited robust financial performance from FY20 to FY24, with a notable increase in sales revenue from ₹21,445 crore to ₹30,381 crore, reflecting a sturdy Compound Annual Growth Rate (CAGR) of about 9.1%. During this period, expenses were effectively managed, showcasing improved cost containment strategies. Of particular significance is the substantial rise in operating profit, leading to an enhanced operating profit margin (OPM) of 32% in FY24, up from 23% in FY20. Moreover, other income made a positive contribution, reaching ₹1,899 crore in FY24, while interest expenses witnessed a notable decline. Profit before tax (PBT) surged to ₹10,199 crore in FY24, compared to ₹3,938 crore in FY20, resulting in a commendable increase in net profit to ₹7,595 crore in FY24. With an elevated EPS of ₹113.57, HAL’s financial performance underscores significant growth in both revenue and profitability, driven by improved operational efficiency and strategic cost management practices, positioning the company strongly for sustained success in the defense sector.
FAQS
Can HAL’s share price reach 10,000 INR by 2030?
It is difficult to predict the exact price target for HAL’s shares, as it depends on various factors. However, analysts have predicted positive growth for the company in the coming years. According to our analysis, HAL may reach Rs.10,000 somewhere in 2027.
What is HAL’s share price target for 2025?
Our analysis indicates that Hindustan Aeronautics Limited’s projected trading range for 2025 is estimated to be between ₹4,748.25 and ₹7,250.853.
What is HAL’s share price target for 2030?
As per our analysis, Hindustan Aeronautics Limited in 2030 is Projected to trade in a range between ₹12,032.88 to ₹18,696.76.
Is HAL a profit-making company?
Yes, HAL is a profitable company.
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Conclusion
In summary, Hindustan Aeronautics Limited (HAL) emerges as a strong investment prospect, supported by its upward share price trend from 2024 to 2030. HAL benefits from India’s growing focus on defense, its solid market position, and consistent sales growth. Financial stability, prudent management, and a robust order book enhance investor confidence. Despite potential challenges, HAL’s strategic initiatives and expanding exports position it for sustained success. Monitoring market trends and HAL’s strategic execution will be key for investors aiming to capitalize on its promising growth trajectory in the aerospace and defense sector.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Hindustan Aeronautics Limited (HAL). This post on Hindustan Aeronautics Limited (HAL) share price target from 2024 to 2030 is for educational purposes only.
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