HAL Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

The design and production of aircraft for the aerospace and defense industries are the responsibility of an Indian company with headquarters in Bangalore called Hindustan Aeronautics Limited. These aircraft include, among others, fighter jets, helicopters, jet engines, marine gas turbine engines, avionics, software development, spare supply, and other components related to aircraft overhaul and upgrade. Hindustan Aeronautics is in the business of making and repairing planes and helicopters, as well as keeping them in good working condition.

HAL Share Price Target 2024-2030

HAL’s share price targets from 2024 to 2030, taking into account a variety of factors like market developments, company regular performance, sectoral dynamics, and the effects of geopolitical events. We can also include a table with historical percentage rate data to provide context for future projections. HAL is a prominent player in India’s defense program because it is the only Indian company that produces aircraft and provides maintenance services for them.

HAL Share Price Target Today Update

• PTC Industries Ltd. and Hindustan Aeronautics Limited have joined forces to indigenize a variety of aviation grease raw materials and components used in aircraft and helicopters.
• UBS ‘A worldwide firm offering monetary types of assistance, said that HAL’s organization book remained at Rs 80,000 crores in FY 23 and is supposed to significantly increase to Rs 2.4 lakh crores in FY26.
• For the purpose of improving the capabilities of the armed forces, the Defence Acquisition Council approved capital acquisition proposals from Hindustan Aeronautics Limited worth Rs 2.23 billion.
• With the assistance of a robust order book, HAL became the seventh public sector company to surpass two trillion dollars in market capitalization.

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What is Hindustan Aeronautics Ltd NSE: HAL?

Hindustan Aviation Ltd works in the aviation and safeguard industry. Systems, aircraft, helicopters, and other products are made by the company. They also make power plants, avionics, materials like castings, rubber products, rolled rings, and space-related parts like tanks, engines, structures, and power plants. Although they also sell to other nations, the majority of their income comes from India. Ground radars, laser range finders, communication tools, flight data recorders, radio navigation equipment, missile navigation, radar computers, and other avionics products are among their offerings.

HAL Business Profile

HAL sells modern instruments for communication and navigation, aerospace equipment, engine aircraft accessories, and airplane, helicopter, and helicopter accessories. Boeing, the Indian Army, the Defense Research and Development Organization, the Indian Space Research Organization, the Mauritius Police Force, the Indian Navy, the Indian Coast Guard, and Airbus Industries are all served by the business.

• Research & Development: Each year, the company devotes between 6% and 7% of its total revenues to research and development (R&D), having increased its R&D reserves from 10% to 15% of Profit is After Tax (PAT) the previous year. The point is to have sufficient in the Save for R and D work.
• Order Book: HAL has produced 12 aircraft models, and the United States, the United Kingdom, and Russia have licensed 14 more. In addition, it exports its components and systems to 30 nations and produces satellite launch vehicles for the Indian Space Research Organization. In FY24, there was an order book worth Rs. 94,000 crore, and more major orders were expected in FY 2024 and 2025.
• Significant Developments: In March 2022, HAL entered into another Memorandum of Understanding (MoU) with Israel Aerospace Industries (IAI) for the conversion of civil passenger aircraft into multi-mission tanker aircraft. The purpose of this MOU is to establish a joint venture dedicated to the development, manufacture, sale, and support of helicopter engines. HAL and Safran also signed the MOU.

HAL Fundamentals & Quarterly Results

Parameter	Value
Market Cap	₹ 3,52,404 Cr.
Current Price	₹ 5,269
High / Low	₹ 5,586 / 1,768
Stock P/E	46.4
Book Value	₹ 434
Dividend Yield	0.55 %
ROCE	38.9 %
ROE	28.9 %
Face Value	₹ 5.00
Debt to Equity	0.00
Debt Capacity	0.16
Debt Preceding Year	₹ 51.0 Cr.
Debt	₹ 0.35 Cr.
Reserves	₹ 28,712 Cr.
EPS	₹ 114
EPS Last Year	₹ 114
Pledged Percentage	0.00 %
FCF Prev Ann	₹ 7,059 Cr.
EVEBITDA	28.0
Industry PE	80.2
PEG Ratio	1.75
Piotroski Score	7.00
Earnings Yield	3.11 %
Sales Growth 5 Years	8.71 %

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HAL Quarterly Results

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	11,558	3,623	5,145	5,666	12,495	3,915	5,636	6,061	14,769
Expenses	9,063	2,798	3,535	4,680	9,252	3,036	4,107	4,627	8,872
Operating Profit	2,495	825	1,610	986	3,242	880	1,529	1,434	5,896
OPM %	22%	23%	31%	17%	26%	22%	27%	24%	40%
Other Income	503	192	261	497	722	411	471	460	557
Interest	42	0	0	2	55	0	0	0	31
Depreciation	382	208	252	269	1,055	201	349	212	644
Profit before tax	2,574	809	1,619	1,212	2,854	1,089	1,650	1,681	5,778
Tax %	-21%	25%	25%	5%	0%	25%	25%	25%	26%
Net Profit	3,102	607	1,209	1,154	2,841	814	1,235	1,254	4,292
EPS in Rs	46.38	9.07	18.08	17.25	42.48	12.17	18.47	18.74	64.18

CAGR Report

Metric	10 Years	5 Years	3 Years	1 Year / TTM
Compounded Sales Growth	7%	9%	10%	13%
Compounded Profit Growth	11%	26%	33%	31%
Stock Price CAGR	–	72%	119%	178%
Return on Equity	23%	27%	28%	29%

HAL Shareholding Pattern

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters	89.97%	89.97%	89.97%	75.15%	75.15%	71.65%	71.64%
FIIs	0.00%	0.29%	0.00%	0.91%	4.37%	9.07%	12.42%
DIIs	8.51%	8.40%	8.76%	20.31%	17.00%	13.93%	9.58%
Public	1.52%	1.34%	1.26%	3.63%	3.48%	5.34%	6.36%
No. of Shareholders	1,87,070	1,48,847	1,36,325	2,11,819	2,18,116	3,58,317	7,14,091

HAL Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹3684	₹4785	₹5446
2025	₹5555	₹5221	₹6232
2026	₹6357	₹5975	₹7133
2027	₹7276	₹6838	₹8163
2028	₹8326	₹7826	₹9343
2029	₹9530	₹8957	₹10694
2030	₹10908	₹10253	₹12240

HAL Share Price Target 2025

Month	Target
January	₹5555
February	₹5666
March	₹5779
April	₹5587
May	₹5401
June	₹5221
July	₹5430
August	₹5647
September	₹5873
October	₹5990
November	₹6110
December	₹6232

HAL Share Price Target 2026

Month	Target
January	₹6357
February	₹6484
March	₹6614
April	₹6394
May	₹6181
June	₹5975
July	₹6214
August	₹6463
September	₹6722
October	₹6856
November	₹6993
December	₹7133

HAL Share Price Target 2027

Month	Target
January	₹7276
February	₹7422
March	₹7570
April	₹7318
May	₹7074
June	₹6838
July	₹7112
August	₹7396
September	₹7692
October	₹7846
November	₹8003
December	₹8163

HAL Share Price Target 2028

Month	Target
January	₹8326
February	₹8493
March	₹8663
April	₹8375
May	₹8096
June	₹7826
July	₹8139
August	₹8465
September	₹8804
October	₹8980
November	₹9160
December	₹9343

HAL Share Price Target 2029

Month	Target
January	₹9530
February	₹9721
March	₹9915
April	₹9585
May	₹9266
June	₹8957
July	₹9315
August	₹9688
September	₹10076
October	₹10278
November	₹10484
December	₹10694

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HAL Share Price Target 2030

Month	Target
January	₹10908
February	₹11126
March	₹11349
April	₹10971
May	₹10606
June	₹10253
July	₹10663
August	₹11090
September	₹11534
October	₹11765
November	₹12000
December	₹12240

Points Before Investing in HAL NSE Stock

• After making a profit of Rs 68.66 crores in the September quarter of 2023, HAL’s net profit increased to Rs 172.85 crores in the December quarter of 2023.
• Hindustan Aeronautics Limited appears to have no debt. HAL’s profit has increased by 26.92 percent over the past three years.
• ROE and ROCE of Hindustan Flight have been 26.41% and 29.13% individually, throughout recent years. With a current market capitalization of Rs 198,315 crores, HAL is the largest defense company in India.
• Since February 13, 2023, the share price of Hindustan Aeronautics Limited has increased by 142%. It is normal that India will bring its Guard Spending plan up in the next few years which will be gainful for the HAL Stock Cost on the Public Stock Trade.
• Hindustan Aeronautics Limited recently secured contracts for the A320 family of aircraft’s one-stop maintenance, repair, overhaul, and facility, as well as a partnership with PTC Industries for the indigenization of aviation components.

Final Words

One of the best aerospace and security companies in India is Hindustan Aeronautics Limited (HAL). Since its founding in 1940, HAL has played a crucial role in the development and production of aircraft, helicopters, and other related structures for the Indian navy and civilian use. HAL’s operations are carefully aligned with the Indian government’s strategic pursuits as a rustic-owned company, particularly in enhancing the kingdom’s safety capabilities. HAL has also been expanding its presence in the global aerospace market over the past few years, making it an intriguing opportunity for investors.