| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 5,515 | 4,819 | +14.4% |
| EBITDA | 1,527 | 1,282 | +19.1% |
| EBITDA margin | 27.7% | 26.6% | +1.1 pts |
| Profit before tax | 2,123 | 1,844 | +15.1% |
| Net profit | 1,590 | 1,384 | +14.9% |
| EPS | ₹23.77 | ₹20.69 | +14.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,24,358 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3,768 | 3,768 | 4,549 | 4,255 | 4,441 | ||
| 3.5 | 3.5 | 3.6 | 3.6 | 3.7 | ||
| 3,20,594 | — | — | — | — | ||
| 33,785 | 33,089 | 30,981 | 30,381 | 26,927 | ||
| — | +6.8% | +2.0% | +12.8% | — | ||
| 10,014 | 9,770 | 9,608 | 9,741 | 6,679 | ||
| 29.6% | 29.5% | 31.0% | 32.1% | 24.8% | ||
| 8,541 | 8,415 | 8,268 | 8,334 | 4,894 | ||
| 9,321 | 9,116 | 8,364 | 7,621 | 5,828 | ||
| 27.6% | 27.6% | 27.0% | 25.1% | 21.6% | ||
| ₹139.38 | ₹136.30 | ₹125.07 | ₹113.95 | ₹87.14 | ||
| — | +9.0% | +9.8% | +30.8% | — | ||
| — | 10,906 | 13,643 | 8,223 | 8,830 | ||
| — | −1,935 | −1,295 | −1,755 | −1,781 | ||
| 8,972 | 8,972 | 12,348 | 6,468 | 7,049 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,24,358.3 | |
| - Cash, Equiv & ST Investments | 4,440.8 | 4,254.7 | 4,548.6 | 3,767.7 | 3,767.7 | |
| + Minority Interest | 3.7 | 3.6 | 3.6 | 3.5 | 3.5 | |
| Enterprise Value | — | — | — | — | 3,20,594.1 | |
| Revenue | 26,927.5 | 30,381.1 | 30,981.0 | 33,088.8 | 33,785.0 | |
| Growth %, YoY | — | +12.8 | +2.0 | +6.8 | — | |
| EBITDA | 6,679.2 | 9,741.1 | 9,608.1 | 9,769.8 | 10,014.2 | |
| Margin % | 24.80 | 32.06 | 31.01 | 29.53 | 29.64 | |
| EBIT | 4,894.5 | 8,333.9 | 8,267.7 | 8,415.0 | 8,540.6 | |
| Net Income | 5,827.7 | 7,621.0 | 8,364.1 | 9,115.5 | 9,321.4 | |
| Margin % | 21.64 | 25.08 | 27.00 | 27.55 | 27.59 | |
| EPS, Adj (current shares) | 87.14 | 113.95 | 125.07 | 136.30 | 139.38 | |
| Growth %, YoY | — | +30.8 | +9.8 | +9.0 | — | |
| Cash from Operations | 8,829.7 | 8,222.8 | 13,643.5 | 10,906.4 | — | |
| Capital Expenditures | -1,781.2 | -1,755.2 | -1,295.0 | -1,934.6 | — | |
| Free Cash Flow | 7,048.5 | 6,467.7 | 12,348.5 | 8,971.8 | 8,971.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Hindustan Aeronautics (NSE: HAL) had a market capitalisation of ₹3,25,689 crore at the 29 October 2026 close (₹4,869.90 a share), a PE ratio of 34.9 on the last four quarters' profit and a price-to-book ratio of 7.94. In FY26 its consolidated net profit was ₹9,116 crore on revenue of ₹33,089 crore; in Q1 FY27 (April–June 2026) it was ₹1,590 crore, up 14.9% year on year. It had no borrowings on 31 March 2026. Promoters held 71.64% of the shares on 30 September 2026.
HAL's PE ratio is 34.9 at the 29 October 2026 close (₹4,869.90 a share): a market capitalisation of ₹3,25,689 crore divided by consolidated net profit of ₹9,321 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹9,116 crore) it is 35.7.
HAL's net worth — shareholders' equity in its consolidated balance sheet — was ₹41,041 crore on 31 March 2026, up 17.3% from ₹34,982 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,25,689 crore at the 29 October 2026 close.
HAL's book value per share was ₹613.67 on 31 March 2026: shareholders' equity of ₹41,041 crore divided by the 66.88 crore shares in issue, up 17.3% from ₹523.07 a year earlier. The share price at the 29 October 2026 close was ₹4,869.90.
HAL's price-to-book (PB) ratio is 7.94 at the 29 October 2026 close: a market capitalisation of ₹3,25,689 crore divided by shareholders' equity (book value) of ₹41,041 crore on 31 March 2026. That is a book value of ₹613.67 per share against a share price of ₹4,869.90.
In FY26, HAL's return on equity (ROE) was 24.0% and its return on capital employed (ROCE) was 11.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 26.1% and ROCE 15.9%.
HAL's dividend yield is 0.92% at the 29 October 2026 close: dividends of ₹45 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹4,869.90. They were ₹10 on 14 August 2026 and ₹35 on 18 February 2026 (interim).
HAL's market capitalisation was ₹3,25,689 crore (₹3.26 lakh crore) at the 29 October 2026 close: 66.88 crore shares at ₹4,869.90 each.
Yes. HAL had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹46,197 crore of cash, bank balances and current investments.
HAL's debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹41,045 crore. A year earlier, on 31 March 2025, it was 0.00.
HAL's basic earnings per share (EPS) were ₹136.30 in FY26, against ₹125.07 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹139.38.
Promoters held 71.64% of HAL on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
HAL will announce its Q2 FY27 results (July–September 2026) on Thursday, 12 November 2026, the date of the board meeting it has notified to the exchanges.
In 2026, HAL has declared two dividends totalling ₹45 a share: ₹35 (interim) with record date 18 February 2026 and ₹10 with record date 14 August 2026.
In FY26, HAL generated ₹10,906 crore of cash from operations and spent ₹1,935 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹8,972 crore. In FY25 it was ₹12,348 crore.
HAL's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹1,590 crore, up 14.9% from ₹1,384 crore in Q1 FY26; revenue from operations ₹5,515 crore, up 14.4% year on year.
On 30 September 2026, HAL's shares were held by promoters 71.64%, foreign portfolio investors (FII/FPI) 9.42%, domestic institutions (DII) 12.56% (including mutual funds at 6.72%) and retail and other non-institutional investors 6.38%. Over the year, FII holding was down 2.58 percentage points from 12.00% and DII holding was up 3.85 percentage points from 8.71%.
At the 29 October 2026 closing prices, on FY26 net profit, HAL's PE ratio is 35.7, the second highest of the three: BEL 44.6 and Mazagon Dock 27.5, a peer average of 36.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, HAL earned net profit of ₹9,116 crore on revenue of ₹33,089 crore, against ₹6,062 crore on ₹27,610 crore for BEL. HAL's operating margin was 25.4% (BEL 27.1%) and its return on equity 24.0% (BEL 27.6%). At the 29 October 2026 close, HAL's market capitalisation was ₹3,25,689 crore against ₹2,70,463 crore for BEL, and its PE ratio on FY26 profit 35.7 against 44.6.
In FY26 (April 2025–March 2026), HAL's consolidated net profit was ₹9,116 crore, up 9.0% from ₹8,364 crore in FY25, on revenue from operations of ₹33,089 crore (up 6.8%). Over three years, from FY23, net profit was up 56.4%.
On FY26 consolidated figures, against BEL and Mazagon Dock: HAL's operating margin of 25.4% is the second highest of the three (BEL 27.1%, Mazagon Dock 16.7%; peer average 21.9%); its return on equity of 24.0% is the lowest of the three (BEL 27.6%, Mazagon Dock 29.2%; peer average 28.4%); its revenue growth over three years of 7.1% a year is the lowest of the three (BEL 15.9% a year, Mazagon Dock 18.4% a year; peer average 17.2% a year).
From Hindustan Aeronautics' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.