HAL share price target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030

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.

HAL share price target
HAL share price target

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”.

Promoter holding pattern
source : Ticker

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 share33.44crore
Face value10
Dividend Yield1.39%
Book Value727.31
Debt ₹49.04 crore
Profit growth (1 year)14.25%
Sales growth9.27%
Cash₹20,306.15 crore
Debt to Equity0
Promoter’s Holding71.64%
Operating Profit Margin25.00%

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.

source : Ticker

HAL share price target 2023, 2024, 2025, 2026, 2027, 2028, 2029,2030

YearJanuary TargetDecember 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

  1. Groww 
  2. Zerodha
  3. Upstocks
  4. Motilal Oswal
  5. Angel one
  6. 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.

price graph
price graph
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 20244232.924374.761054.214379.433.24 % ▲
February 20244374.324483.191061.404483.612.44 % ▲
March 20244488.101075.901068.704574.74-317.15 %▼
April 20244601.974731.991077.104731.892.75 % ▲
May 20244730.624943.121084.954943.124.3 % ▲
June 20241160.301099.401092.105102.70-5.58 %▼
July 20245113.265282.771101.205282.713.21 % ▲
August 20245290.851184.401108.405485.95-346.78 %▼
September 20241115.605540.821115.905540.1279.86 % ▲
October 20245541.115629.951124.705629.551.57 % ▲
November 20245636.151207.701131.905803.32-366.67 %▼
December 20241139.245815.391139.215818.4780.41 % ▲

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 20255818.905958.545818.905962.902.34 % ▲
February 20255956.926066.425955.596066.421.81 % ▲
March 20256078.326174.136078.326174.131.55 % ▲
April 20256183.4206313.3316183.406314.872.06 % ▲
May 20256314.846513.506314.586513.503.06 % ▲
June 20256544.546692.606544.736692.102.21 % ▲
July 20256696.356864.906696.136864.972.46 % ▲
August 20256873.067064.966873.067064.962.72 % ▲
September 20257075.967123.747075.9667123.740.67 % ▲
October 20257122.457212.077122.457212.071.24 % ▲
November 20257231.707381.917231.477381.912.04 % ▲
December 20257393.547395.777376.327402.770.03 % ▲

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.

ParticularsMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days14410586133227191906964
Inventory Days1,1041,016879870881815602607527
Days Payable1039164721131637596116
Cash Conversion Cycle1,1451,030900931995843617580475
Working Capital Days39-59311629428514611138
ROCE %23%29%27%29%24%26%30%31%

HAL Profit and Loss of last 5 years

Net Sales 20,008.4721,445.3722,882.3624,620.2126,927.85
Total Expenditure 15,439.6816,565.2217,540.9819,200.3920,258.45
Operating Profit   4,568.794,880.155,341.385,419.826,669.40
OPM %    23%23%23%22%25%
Other Income   375.51295.99357.89986.341,671.80
Interest 177.49359.43266.7265.1464.35
Depreciation 1,024.47997.631,157.191,109.871,783.91
Exceptional Items 0118.922.0200
Profit Before Tax 3,742.343,9384,277.385,231.156,492.94
Tax 1,396.281,095.991,037.93144.65681.77
Net Profit 2,346.062,842.013,239.455,086.505,811.17
Adjusted EPS (Rs.) 70.1684.9996.88152.11173.78
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. 


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.

  1. 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.

  2. What is profit growth of HAL over last five years?

    Over the last 5 years HAL has shown robust profit growth of 23.94%.

  3. 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.

  4. 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.

  5. 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.

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