In this article we will analyze India’s leading aircraft manufacturing company Hindustan Aeronautics Limited. According to the PIB report Financial year 2013-2014 Indian defense Export was around 686 crore but in financial year 23-24 Indian defense export is around 16000 crore.
In this Indian Military aircraft manufacturer play important role. Hindustan Aeronautics Limited Holds Monopoly in this sector. India’s “Atmanirbhar scheme” support Hindustan Aeronautics Limited to develop indigenous aircraft platforms and advance aircrafts for the Indian military and Indian Air Force.
India is looking to reach their defense export to 5 trillion dollars. According to the statista report Indian Aerospace and Defence composite market size will grow with CAGR of 13.1%.
In 2021 Indian Aerospace and defense composite market size is 31.8 million U.S. dollars and it is expected to reach 71.2 million US dollar in 2027.
Indian trader and investors are closely looking share price of Hindustan Aeronautics Limited because it is the leading defense aircraft manufacturer in India.
In this article we will forecast the Hindustan Aeronautic limited share price target during period of 2023 to 2030.
We will analyse the financial and fundamentals of Hindustan Aeronautics Limited. and also analyse the future plan of Hindustan Aeronautic Limited. So that we could predict the growth of Hindustan Aeronautics Limited.
Hindustan Aeronautics Limited
Hindustan Aeronautics Limited founded in 1940 by Walchand Hirachand and the kingdom of Mysore. Hindustan Aeronautics Limited involving aircraft fighter jet helicopter manufacturing.
It also provides maintenance, repair and overhaul to the Indian Air Force fleet and other licenses for OEMs. Hindustan Aeronautics Limited is one of the oldest aircraft manufacturing companies in the world.
Since 1940 Hindustan Aeronautics Limited has manufactured 4000+ aircraft and 5000 Aero engines and overhauled around 11500 aircrafts and 36000 aero engines for the Indian armed forces And friendly foreign countries. HAL’s provide maintenance repair service to the 75% of Indian Air Force air fleet and licensed OEM.
Hindustan Aeronautics Limited is one of the largest defense Public Sector Units. In June 2007 Government of India conferred Hindustan Aeronautic Limited as a “Navratna”.
Stock history of Hindustan Aeronautics Limited
Hindustan Aeronautics Limited has a great history in the stock market. It is one of the most successful IPOs. Hindustan Aeronautics Limited offering their IPO in 1999.
Hindustan Aeronautics Limited was raising 3000 crore in their initial public offering. HAL IPO was oversubscribed by 41 times And alone retail investors applied 17 times more than the HAL IPO offerings.
Over the years Hindustan Aeronautic Limited share price has shown stability, But in past 3 years HAL share price has grown from ₹838.38 to ₹3954.In this period Hindustan Aeronautics Limited give their investor return of 332.51%.
Hindustan Aeronautics Limited fundamental
| Market Cap | ₹1,30,758.89 crore |
| Enterprise Value | ₹1,10,501.78 crore |
| No. of share | 33.44crore |
| P/E | 21.73 |
| P/B | 5.38 |
| Face value | 10 |
| Dividend Yield | 1.39% |
| Book Value | 727.31 |
| Debt | ₹49.04 crore |
| EPS | ₹179.99 |
| ROE | 27.17% |
| ROCE | 30.59% |
| Profit growth (1 year) | 14.25% |
| Sales growth | 9.27% |
| Cash | ₹20,306.15 crore |
| Debt to Equity | 0 |
| Promoter’s Holding | 71.64% |
| Operating Profit Margin | 25.00% |
The fundamentals of Hindustan Aeronautical Limited looks very good. The P/E ratio of Hindustan Aeronautics Limited is 21.73 Which is lower than the industry P/E ratio 29.5.
If we compare Other companies in this sector they have a P/E of 40 to 50. HALIs almost dead free. it also has ₹20,306.15 crore Which helps to continue their operations seamlessly and also generate an interest income. HAL Return on equity is 27.17% which is higher than the industries average ROE.
HAL share price target 2023, 2024, 2025, 2026, 2027, 2028, 2029,2030
| Year | January Target | December Target |
| HAL share price target 2023 | ₹2539.05 | ₹4235.15 |
| HAL share price target 2024 | ₹4232.92 | ₹5818.46 |
| HAL share price target 2025 | ₹5818.99 | ₹7402.76 |
| HAL share price target 2026 | ₹7401.67 | ₹8986.62 |
| HAL share price target 2027 | ₹8984.01 | ₹10561.02 |
| HAL share price target 2028 | ₹10568.46 | ₹12123.97 |
| HAL share price target 2029 | ₹12120.89 | ₹13688.98 |
| HAL share price target 2030 | ₹13689.68 | ₹15112.78 |
How to buy Hindustan Aeronautics shares?
For buying Hindustan Aeronautics shares you must have a demat account you can open a demat account from from trading platform there are many trading platform which offers demit account openings. some of the trading platform are following
- Groww
- Zerodha
- Upstocks
- Motilal Oswal
- Angel one
- ICICI direct
Hindustan Aeronautics Limited (HAL) share price target 2023
On 5 September 2023 Hindustan Aeronautics share traded at a price of ₹3954. The beginning of 2023 HAL Shares traded at a price of ₹2539.05. At the end of this year HAL shares will be traded at a price of ₹4235.15.
| October 2023 | ₹3,734.58 | ₹3,423.67 |
| November 2023 | ₹3,818.94 | ₹3,572.64 |
| December 2023 | ₹3,932.47 | ₹4235.15. |
Company has determine to their R&D service. Hindustan Aeronautics Limited spense nearly 6% to 7% of their revenue on the research and development and increased R&D reserve from 10% to 15% of PAT last year to build a sufficient R&D reserve.
Hindustan Aeronautics Limited (HAL) share price target 2024
In the starting of 2024 HAL share price target is ₹4232.92 and At the end of this year HAL share price target 2024 is ₹5818.46. Hindustan Aeronautics Limited have an order book of 84000 crores are also there waiting for another 50000 crore of project to materialize..
| Hindustan Aeronautics Ltd. Stock Price Forecast for 2024 | |||||
| January 2024 | 4232.92 | 4374.76 | 1054.21 | 4379.43 | 3.24 % ▲ |
| February 2024 | 4374.32 | 4483.19 | 1061.40 | 4483.61 | 2.44 % ▲ |
| March 2024 | 4488.10 | 1075.90 | 1068.70 | 4574.74 | -317.15 %▼ |
| April 2024 | 4601.97 | 4731.99 | 1077.10 | 4731.89 | 2.75 % ▲ |
| May 2024 | 4730.62 | 4943.12 | 1084.95 | 4943.12 | 4.3 % ▲ |
| June 2024 | 1160.30 | 1099.40 | 1092.10 | 5102.70 | -5.58 %▼ |
| July 2024 | 5113.26 | 5282.77 | 1101.20 | 5282.71 | 3.21 % ▲ |
| August 2024 | 5290.85 | 1184.40 | 1108.40 | 5485.95 | -346.78 %▼ |
| September 2024 | 1115.60 | 5540.82 | 1115.90 | 5540.12 | 79.86 % ▲ |
| October 2024 | 5541.11 | 5629.95 | 1124.70 | 5629.55 | 1.57 % ▲ |
| November 2024 | 5636.15 | 1207.70 | 1131.90 | 5803.32 | -366.67 %▼ |
| December 2024 | 1139.24 | 5815.39 | 1139.21 | 5818.47 | 80.41 % ▲ |
show in the above table that Hindustan Aeronautic limited share price have volatility in 2024. But due to its great order book and upcoming defence demand will make its revenue growth higher that will increase their profits and it will also increase the share price so there is a high chance that HAL share price target will hit.
Hindustan Aeronautic Limited also sign a MoU with safran to Set up a joint venture for development, production and sales of helicopter engines.
Indian Air Force indicates that they will upgrade their squadron and expand their air fleets with new aircrafts. there is an higher chance that they will by newly made indigenous aircraft like Tejas.
The real growth story of Hindustan Aeronautics Limited should start in financial year 2025 when it newly won LCA Mk1A contract, which is 45% of total current order book.
Company also provide maintenance repairing and overall service to the Indian armed Force Indian Air Force and other friendly foreign countries.
The company provides service 100% Of Army and coastal Guards Helicopter and 89% of the fighter in the Indian Air Force also Hindustan Aeronautic Limited supplies 39% of Indian Air Force helicopter.
Hindustan Aeronautics Limited (HAL) share price target 2025
HAL share price target In the beginning of 2025 is ₹5818.99. At the end of this year Hindustan Aeronautic limited share price target is ₹7402.76.
| Hindustan Aeronautics Ltd. Stock Price Forecast for 2025 | |||||
| January 2025 | 5818.90 | 5958.54 | 5818.90 | 5962.90 | 2.34 % ▲ |
| February 2025 | 5956.92 | 6066.42 | 5955.59 | 6066.42 | 1.81 % ▲ |
| March 2025 | 6078.32 | 6174.13 | 6078.32 | 6174.13 | 1.55 % ▲ |
| April 2025 | 6183.420 | 6313.331 | 6183.40 | 6314.87 | 2.06 % ▲ |
| May 2025 | 6314.84 | 6513.50 | 6314.58 | 6513.50 | 3.06 % ▲ |
| June 2025 | 6544.54 | 6692.60 | 6544.73 | 6692.10 | 2.21 % ▲ |
| July 2025 | 6696.35 | 6864.90 | 6696.13 | 6864.97 | 2.46 % ▲ |
| August 2025 | 6873.06 | 7064.96 | 6873.06 | 7064.96 | 2.72 % ▲ |
| September 2025 | 7075.96 | 7123.74 | 7075.966 | 7123.74 | 0.67 % ▲ |
| October 2025 | 7122.45 | 7212.07 | 7122.45 | 7212.07 | 1.24 % ▲ |
| November 2025 | 7231.70 | 7381.91 | 7231.47 | 7381.91 | 2.04 % ▲ |
| December 2025 | 7393.54 | 7395.77 | 7376.32 | 7402.77 | 0.03 % ▲ |
Above graph shows that in the year of 2025 HAL shares will show stable growth. Indian Armed force also looking for replace their aging helicopter like Cheetah and Chetak there is an high chance that they will replace their aging helicopter with newly Manufactured Advanced light Helicopter (ALH) and Light Utility Helicopter(LUH) which is made by the Hindustan Aeronautics Limited.
Hindustan Aeronautics Limited (HAL) share price target 2030
In the beginning of 2030 HAL share price target is ₹13689.68 And by the end of 2030 HAL share price target is ₹15112.78.
Hindustan Aeronautic Limited is a good for long term investment. It has a great order book also its fundamentals are very strong. Company has given a good profit growth 24% CAGR Are last 5 years to their investor.
The foreign institution increase their investment in Hindustan Aeronautic Limited In June 2023 11.03% state are hold by foreign investors.
Hindustan Aeronautics Limited cash conversation cycle significantly decrease over the last 5 years. Currently it has 475 days of cash conversation cycle.
Company’s working capital Day also decrease significantly. these are the good sign for a manufacturer company that they will turning their profit into real cash.
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Debtor Days | 144 | 105 | 86 | 133 | 227 | 191 | 90 | 69 | 64 |
| Inventory Days | 1,104 | 1,016 | 879 | 870 | 881 | 815 | 602 | 607 | 527 |
| Days Payable | 103 | 91 | 64 | 72 | 113 | 163 | 75 | 96 | 116 |
| Cash Conversion Cycle | 1,145 | 1,030 | 900 | 931 | 995 | 843 | 617 | 580 | 475 |
| Working Capital Days | 39 | -5 | 93 | 116 | 294 | 285 | 146 | 111 | 38 |
| ROCE % | 23% | 29% | 27% | 29% | 24% | 26% | 30% | 31% |
HAL Profit and Loss of last 5 years
| PARTICULARS | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
| Net Sales | 20,008.47 | 21,445.37 | 22,882.36 | 24,620.21 | 26,927.85 |
| Total Expenditure | 15,439.68 | 16,565.22 | 17,540.98 | 19,200.39 | 20,258.45 |
| Operating Profit | 4,568.79 | 4,880.15 | 5,341.38 | 5,419.82 | 6,669.40 |
| OPM % | 23% | 23% | 23% | 22% | 25% |
| Other Income | 375.51 | 295.99 | 357.89 | 986.34 | 1,671.80 |
| Interest | 177.49 | 359.43 | 266.72 | 65.14 | 64.35 |
| Depreciation | 1,024.47 | 997.63 | 1,157.19 | 1,109.87 | 1,783.91 |
| Exceptional Items | 0 | 118.92 | 2.02 | 0 | 0 |
| Profit Before Tax | 3,742.34 | 3,938 | 4,277.38 | 5,231.15 | 6,492.94 |
| Tax | 1,396.28 | 1,095.99 | 1,037.93 | 144.65 | 681.77 |
| Net Profit | 2,346.06 | 2,842.01 | 3,239.45 | 5,086.50 | 5,811.17 |
| Adjusted EPS (Rs.) | 70.16 | 84.99 | 96.88 | 152.11 | 173.78 |
| Dividend Payout % | 28% | 39% | 31% | 26% | 32% |
In the above table we show the last 5 years profit loss of Hindustan Aeronautics Limited. in the last 5 years companies operating profit continuously increasing. also the Earning per share (EPS) increase continuously.
Conclusion
These are the main reason that investors are looking for this stock very strongly by the and of this decade This is stock will reach ₹10000 Target.
HAL Will give very good return to their investor in upcoming years if you are looking for a long term investment HAL is good choice.
In this article, I have given you all the information about HAL share price target, I have tried to give you the best information about all the financial data of HAL.
There are ups and downs in the stock market, due to which all the stock price targets mentioned in this article can go up or down. Therefore, before investing, do your research well.
Will the share price of Hindustan Aeronautics rise in 2023?
There is a high chance of increase in Hindustan Aeronautics Limited share price in 2023 By the end of this year HAL share price will ₹4235.15 mark.
What is profit growth of HAL over last five years?
Over the last 5 years HAL has shown robust profit growth of 23.94%.
HAL share price target 2035?
HAL share price in january 2035 is ₹22346.68 By the end of this year HAL share price target 2035 will be ₹24389.68.
HAL share price target 2040?
HAL share price in january 2040 is ₹30548.86 By the end of this year HAL share price target 2040 will be ₹32456.93.
HAL share price target 2050?
HAL share price in january 2050 is ₹40691.92 By the end of this year HAL share price target 2050 will be ₹43217.93.
Hi, I’m Ashish, the author here. With a solid background in data analytics and statistics, I bring you straightforward insights into the stock market. I research stocks inside out, blending fundamental and technical analyses. My goal is to provide you with clear, actionable content that simplifies the complexities of investing. Join me on this journey for straightforward advice and a data-driven approach to making informed decisions in the stock market.
