Hindustan Aeronautics Ltd(2024) share price trading at ₹3000. It would not be wrong to call it a multi-begar stock in today’s era because it is the only share of the Indian Defense Sector which keeps its holding in the defense budget due to its amazing work or capability, it works in Indian Defense like Helicopter, defense vehicles, heavy Aircraft ,manufacturing parts and maintenance or service provider .
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ABOUT : Hindustan Aeronautics Ltd(2024) HAL is a very big and old defense manufacturing company. It is a public sector defence company, its foundation was laid on 23 December 1940 in Bangalore. The Board of Directors of the HAL is elected by the President Of India through the Ministry Of Defence .
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Hindustan Aeronautics Ltd(2024)
| HAL | CLICK4INVESTING.COM |
|---|---|
| MARKET CAP | ₹ 2,01,472 Cr |
| HIGH/LOW | ₹ 3,079/1,150 |
| STOCK P/E | 33.3 |
| ROE | 27.2% |
| ROCE | 30.6% |
| DIVEDEND YIELD | 0.91% |
| BOOK VALUE | ₹ 375 |
| FACE V ALUE | ₹ 5.00 |
ONE YEAR CHART: Hindustan Aeronautics Ltd(2024)
IMAGE SOURCE CREDIT : TRADING VIEW
SHARE HOLDING PATTERNS OF : Hindustan Aeronautics Ltd(2024)
| HOLDINGS | MARCH 2021 | DEC 2021 | MAR 2022 | DEC 2022 | MAR 2023 | SEP 2023 | DEC 2023 |
|---|---|---|---|---|---|---|---|
| PROMOTERS | 75.15% | 75.15% | 75.15% | 75.15% | 75.65% | 71,64% | 71.64% |
| FIIS | 0.91% | 3.15% | 4.37% | 7.14% | 9.07% | 12.63% | 12.93% |
| DIIS | 20.31% | 18.25% | 17.00% | 12.72% | 13.93% | 9.72% | 9.13% |
| PUBLICS | 3.63% | 3.45% | 3.48% | 4.98% | 5.34% | 6.02% | 6.28% |
| GOVERNMENT | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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MAJOR POINTS: Hindustan Aeronautics Ltd(2024)
MANUFACTURING GROWTH : It keeps its engagement in many programs of Indian Defense and makes Indian Defense even stronger with its heavy work and manufacturing. The company spends 6 to 7% of its money on research and development or the benefit from this revenue is approximately 15 percent or this benefit is seen increasing annually. The company’s orders in the month of August 2022 are approximately Rs 85000Cr.
PROJECTS: The company’s projects have passed orders for multi mission tanker, software, air buss, passenger civil air craft or hydro electric power train and have supplied all defense vehicles or aircraft spare parts.
DEBTS : Hindustan Aeronautics Ltd(2024) has paid off its debt time to time from its reserved balance and the debt is almost reduced, hence looking at the company’s reserves or company’s assets, it would not be wrong to call Hindustan Aeronautics Ltd a debt free company.
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PROS AND CONS
| PROS | CONS |
|---|---|
| * The company is continuously working off its debt from 98.4 days to 38.2 days. | * 8.00 times trading from its book value |
| * HAL has been performing at a return in equity of 26.7% for 3 consecutive years. | * over last 3 years promoters decreased their holdings |
| * Company’s CAGR report shows growth in last 5 years of approximately 23.9%. |
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PRICE TARGET 2024 TO 2033 Hindustan Aeronautics Ltd(2024)
| YEAR | MINIMUM PRICE TARTGET | MAXIMUM PRICE TARGET | AVERAGE PRICE TARGET |
|---|---|---|---|
| 2024 | ₹ 2,800 | ₹ 3,300 | ₹ 3,100 |
| 2025 | ₹ 3,200 | ₹ 3,750 | ₹ 3,600 |
| 2026 | ₹ 3,550 | ₹ 4,100 | ₹ 4,050 |
| 2027 | ₹ 3,900 | ₹ 4,700 | ₹ 4,500 |
| 2028 | ₹ 4,400 | ₹ 5,100 | ₹ 5,000 |
| 2029 | ₹ 4,800 | ₹ 5,440 | ₹ 5,320 |
| 2030 | ₹ 5,200 | ₹ 5,870 | ₹ 5,700 |
| 2031 | ₹ 5,630 | ₹ 6,400 | ₹ 6,110 |
| 2032 | ₹ 6,290 | ₹ 6,940 | ₹ 6,870 |
| 2033 | ₹ 6,120 | ₹ 7,500 | ₹ 7,440 |
CONCLUSION : Hindustan Aeronautics Ltd(2024) -Now the stock is moving towards its 52 week high or looking at its future growth or engagement in Indian defence , it seems that the stock has a lot of potential for future growth. It would not be wrong to call the company a multi-begar stock considering the company’s manufacturing engagement
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FAQ :
- Does Hindustan Aeronautics Ltd pay dividend ?
- YES ! Hindustan Aeronautics Ltd Pays dividend at the rate of 0.91%
- Is HAL a Defense Stock ?
- Maximum engagement of HaL is to manufacture defense related software or heavy vehicle, helicopter or any other necessary thing for defence.
- What is the market cap of HAL ?
- The current market cap of HAL is approximately ₹ 2,01,472 Cr.
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