Hindustan AeronauticsNSE: HALBSE: 541154Capital Goods · Aerospace & Defense

₹4,646.5065.10 (1.42%)

Mkt Cap: ₹3.11 L Cr.
P/E (TTM): 33.60
Open: ₹4,591.10
Day's Range: ₹4,591.10 – ₹4,669.00
52W Range: ₹3,479.10 – ₹4,978.00
Div Yield: 0.44%
EPS (TTM): ₹136.38
Book Value: ₹613.65

Hindustan Aeronautics Financial Statements

Name: Hindustan Aeronautics Financials — historical data
Creator: StockeZee

For Mar 2026, Hindustan Aeronautics reported revenue of ₹33,089 crore and net profit of ₹9,116 crore. Return on equity stands at 24.00%. Profit & loss, balance sheet and cash flow across 8 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹33,089 Cr
EBITDA: ₹9,770 Cr
Operating margin: 29.53%
Profit after tax: ₹9,116 Cr
Net margin: 27.55%
EPS: ₹136.3
Latest year: Mar 2026
Years reported: 8

Hindustan Aeronautics profit & loss

Reported annual performance for Hindustan Aeronautics, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Hindustan Aeronautics annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	18,624	21,438	22,755	24,620	26,927	30,381	30,981	33,089
Sales Growth YoY %	—	—	6.14%	8.2%	9.37%	12.83%	1.97%	6.8%
Other Income	762	294	358	985	1,670	1,897	2,562	3,699
Total Income	19,386	21,732	23,113	25,605	28,598	32,278	33,543	36,788
Cost of Goods Sold (COGS)	8,774	9,387	11,044	10,001	10,102	11,059	12,288	14,432
Cost of Materials Consumed	7,828	8,165	7,765	8,752	9,994	12,346	19,234	23,871
Purchases of Stock-in-Trade	217	587	821	657	799	671	679	591
Changes in Inventories	729	636	2,458	592	-691	-1,959	-7,626	-10,030
Gross Profit	9,851	12,051	11,711	14,619	16,825	19,322	18,693	18,657
Gross Margin %	52.89%	56.21%	51.46%	59.38%	62.48%	63.6%	60.34%	56.38%
Total Operating Expenses	6,348	7,155	6,361	9,210	10,146	9,581	9,085	8,887
Employee Benefit Expense	4,312	4,778	4,305	4,604	4,910	5,291	5,730	6,108
Other Expenses	2,037	2,377	2,056	4,606	5,236	4,290	3,354	2,779
EBITDA	3,502	4,896	5,349	5,409	6,679	9,741	9,608	9,770
OPM %	18.8%	22.84%	23.51%	21.97%	24.8%	32.06%	31.01%	29.53%
Total Non-Operating Expenses	952	1,466	1,439	1,169	1,843	1,439	1,355	1,361
Depreciation & Amortisation	947	999	1,178	1,111	1,785	1,407	1,340	1,355
Finance Costs	5	348	259	58	58	32	9	6
Exceptional Items (Before Tax)	0	119	2	0	0	0	6	0
Profit Before Tax (PBT)	3,312	3,962	4,272	5,225	6,507	10,198	10,827	12,108
Tax Expense	1,252	1,096	1,038	145	682	2,604	2,503	3,036
Current Tax	1,235	1,180	596	707	1,277	2,905	2,624	2,700
Deferred Tax	18	-84	442	-563	-595	-301	-121	336
Effective Tax %	37.82%	27.66%	24.3%	2.77%	10.48%	25.53%	23.12%	25.08%
Total Profit for Period	2,073	2,873	3,239	5,080	5,828	7,621	8,364	9,116
Less: Non-controlling Interests	0	-0	-0	-0	-0	-0	-0	0
Net Profit (Owner's PAT)	2,073	2,873	3,239	5,080	5,828	7,621	8,364	9,116
Net Profit Margin %	11.13%	13.4%	14.24%	20.63%	21.64%	25.08%	27%	27.55%
PAT Growth YoY %	—	—	12.75%	56.82%	14.72%	30.77%	9.75%	8.98%
Earnings Per Share (EPS)	₹31	₹42.96	₹48.44	₹75.96	₹87.14	₹113.96	₹125.07	₹136.3
Diluted Shares Outstanding (Cr.)	67	67	67	67	67	67	67	67
Profit/Loss from Associates	14	7	5	-0	3	27	41	44
Other Comprehensive Income (Net of Tax)	-151	-376	-73	147	103	-82	21	288
Expenses	16,074	17,770	18,841	20,380	22,091	22,079	22,716	24,680
Material Cost %	42.03%	38.08%	34.12%	35.55%	37.11%	40.64%	62.08%	72.14%
Employee Cost %	23.15%	22.29%	18.92%	18.7%	18.24%	17.41%	18.5%	18.46%
Other Cost %	10.94%	11.09%	9.04%	18.71%	19.44%	14.12%	10.83%	8.4%
Interest Coverage (x)	494.22	11.19	16.09	73.85	84.43	259.54	952.5	1,453.36

Hindustan Aeronautics revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Hindustan Aeronautics balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Hindustan Aeronautics annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	13,243	15,416	19,317	23,576	29,142	34,985	41,045
Equity Share Capital	334	334	334	334	334	334	334
Reserves & Surplus	12,904	15,078	18,979	23,238	28,804	34,647	40,707
Equity Method Investments	158	161	168	168	202	245	288
Total Equity	13,243	15,416	19,317	23,576	29,142	34,985	41,045
Non-Current Liabilities	9,006	11,019	14,053	12,801	12,629	27,186	47,063
Non-Current Provisions	1,530	1,216	1,263	1,347	1,578	1,868	1,839
Other Non-Current Liabilities	7,057	9,308	12,262	10,926	10,544	24,821	44,689
Non-Current Financial Liabilities	420	496	527	528	507	498	535
Current Liabilities	31,019	25,511	25,023	30,827	36,324	44,095	44,307
Short-term Borrowings	5,775	9	—	—	—	—	—
Trade Payables	4,084	2,241	2,558	3,135	3,413	5,106	4,432
Current Financial Liabilities	12,485	4,218	4,411	5,245	5,864	7,935	7,132
Other Current Financial Liabilities	2,626	1,967	1,854	2,110	2,451	2,829	2,700
Other Current Liabilities	13,152	16,894	14,755	18,537	22,550	27,603	29,501
Current Provisions	4,801	3,976	5,057	6,778	7,611	8,417	7,675
Current Tax Liabilities	581	423	799	267	300	140	—
Total Liabilities	40,025	36,530	39,075	43,628	48,953	71,282	91,370
Total Non-Current Assets	11,871	11,775	13,398	15,319	15,078	16,172	16,577
Property, Plant & Equipment (PPE)	6,351	6,547	5,928	5,799	5,780	5,970	6,168
Capital Work-in-Progress	860	792	949	637	937	1,091	1,026
Intangible Assets	1,007	944	838	1,036	957	701	1,126
Investment Property	0	0	0	0	0	0	0
Non-Current Investments	833	895	1,195	1,290	1,390	1,509	1,626
Loans – Non-Current	48	46	6	6	6	6	5
Other Non-Current Assets	617	707	1,815	3,597	2,401	2,687	2,509
Non-Current Financial Assets	1,226	1,285	1,611	1,709	1,791	1,904	2,039
Net Fixed Assets	8,217	8,283	7,715	7,471	7,674	7,762	8,319
Total Current Assets	41,397	40,171	44,986	51,877	63,017	90,095	1,15,838
Inventories	19,436	16,545	14,347	12,149	13,218	21,676	30,851
Trade Receivables	19,067	13,984	12,450	4,719	4,617	4,648	4,066
Cash & Cash Equivalents	279	7,146	3,070	4,441	4,255	4,549	3,768
Loans – Current	19	15	8	8	11	7	13
Current Financial Assets	20,635	22,231	27,829	35,539	44,467	60,074	70,908
Other Current Assets	1,291	1,395	2,809	4,189	5,333	8,345	13,948
Other Current Financial Assets	1,232	1,055	1,023	10,496	13,408	17,236	20,632
Assets Held for Sale	—	—	8	8	—	—	—
Current Tax Assets	35	—	—	—	—	—	131
Net Working Capital	10,378	14,661	19,963	21,050	26,693	45,999	71,531
Additional Asset Fields	474	56	569	1,129	1,458	1,572	1,138
Def Tax Assets	470	52	566	1,126	1,454	1,568	1,135
Non Controlling Int	4	4	4	4	4	4	3
Total Assets	53,268	51,946	58,392	67,204	78,095	1,06,267	1,32,415
Total Borrowings	5,775	9	—	—	—	—	—
Net Debt	5,496	-7,137	—	—	—	—	—
Debt to Equity (x)	0.44	0	—	—	—	—	—
Current Ratio (x)	1.33	1.57	1.8	1.68	1.73	2.04	2.61

Hindustan Aeronautics cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Hindustan Aeronautics annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	10,033	8,830	8,223	13,643	10,906
Profit Before Tax	5,225	6,507	10,198	10,827	12,108
Depreciation & Amortisation	1,223	1,785	1,407	1,363	1,367
Finance Costs	3	26	31	9	6
Working Capital Changes	4,995	4,176	178	7,274	3,502
Tax Paid	-1,053	-2,756	-1,969	-3,538	-2,989
Net Cash from Investing Activities	-12,760	-5,728	-6,410	-10,771	-8,337
Purchase of PPE	-799	-782	-916	-930	-1,485
Sale of Fixed Assets	-231	-90	-92	-104	-35
Interest Received	227	739	1,746	2,555	3,044
Net Cash from Financing Activities	-1,349	-1,731	-1,999	-2,579	-3,350
Proceeds from Borrowings	0	0	0	0	0
Repayment of Borrowings	-9	0	0	0	0
Interest Paid	-2	-56	-26	-37	-5
Dividend Paid	-1,338	-1,672	-1,973	-2,541	-3,344
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	0	-4	-0	-0	-1
Net Change in Cash	-4,076	1,370	-186	294	-781
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	9,233	8,047	7,306	12,713	9,421
CFO / PBT (x)	1.92	1.36	0.81	1.26	0.9

Hindustan Aeronautics key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Hindustan Aeronautics valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	33.6
Forward P/E	Valuation	27.05
P/B	Valuation	7.46
PEG (TTM)	Valuation	2.02
EV / EBITDA (TTM)	Valuation	16.7
P/S (TTM)	Valuation	9.26
Operating margin	Profitability	29.5%
Net margin (TTM)	Profitability	27.55%
Return on equity	Return ratios	24%
Return on capital employed	Return ratios	32%
Return on assets	Return ratios	3.55%
Beta	Leverage & liquidity	1.3
EPS (TTM)	Per share	₹136.38
Book value	Per share	₹613.65
Revenue / share (TTM)	Per share	₹494.77
Cash flow / share	Per share	₹163.08
Dividend yield	Shareholder returns	0.44%
Dividend payout (TTM)	Shareholder returns	36.72%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Hindustan Aeronautics: frequently asked questions

What is Hindustan Aeronautics's annual revenue?

Hindustan Aeronautics reported revenue of ₹33,089 crore in Mar 2026, up 6.8% on the previous financial year.

Is Hindustan Aeronautics profitable?

Hindustan Aeronautics reported a net profit of ₹9,116 crore in Mar 2026, up 9.0% on the previous financial year.

What is Hindustan Aeronautics's EPS?

Hindustan Aeronautics reported earnings per share of ₹136.3 for Mar 2026.

What is Hindustan Aeronautics's operating margin?

Hindustan Aeronautics's operating margin for Mar 2026 was 29.53%.

What is Hindustan Aeronautics's return on equity?

Hindustan Aeronautics's return on equity stands at 24.00%. ROE measures profit generated per rupee of shareholder equity.

How many years of Hindustan Aeronautics financials are shown?

8 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Hindustan Aeronautics Limited (HAL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.