In ₹ Crore except Per Share Latest Annual	HAL FY26	BEL FY26	BDL FY24	MAZDOCK FY26	Peer Average
Valuation — at last close
P/E	34.70×	43.31×	60.89×	◆ 28.95×	44.38× -22%
P/B	7.71×	10.94×	10.26×	◆ 7.67×	9.62× -20%
EV/EBITDA	27.64×	31.54×	61.65×	◆ 27.52×	40.24× -31%
Market Cap	₹3.16L Cr	₹2.62L Cr	₹37,306 Cr	₹74,787 Cr	₹1.25L Cr +153%
Growth
Revenue CAGR 3Y	7.11%	15.90%	-8.52%	◆ 18.44%	8.61% -17%
Revenue CAGR 5Y	7.78%	14.37%	-12.38%	◆ 26.28%	9.42% -17%
Net Income CAGR 3Y	16.08%	26.62%	4.63%	◆ 32.08%	21.11% -24%
Revenue YoY (latest Q)	14.45%	◆ 26.51%	—	-16.49%	5.01% +188%
Net Income YoY (latest Q)	14.88%	◆ 19.67%	—	-53.78%	-17.05% +187%
Profitability
EBITDA Margin	◆ 29.53%	29.15%	22.65%	17.42%	23.07% +28%
Net Income Margin	◆ 27.55%	21.96%	25.86%	19.82%	22.55% +22%
Return on Common Equity	23.98%	27.58%	17.89%	◆ 29.20%	24.89% -4%
Return on Capital Employed	11.20%	◆ 32.33%	6.80%	21.17%	20.10% -44%
Return on Assets	7.64%	◆ 14.20%	6.45%	9.18%	9.94% -23%
Credit & Quality
Total Debt/Equity	◆ 0.00×	0.00×	0.00×	0.04×	0.01× -100%
Interest Coverage	◆ 1453.36×	1113.47×	151.20×	30.31×	431.66× +237%
Scale — latest FY
Revenue / Total Income	₹33,089 Cr	₹27,610 Cr	₹2,369 Cr	₹13,006 Cr	₹14,329 Cr +131%
Net Income	₹9,116 Cr	₹6,062 Cr	₹613 Cr	₹2,578 Cr	₹3,084 Cr +196%
Total Assets	₹1.32L Cr	₹44,538 Cr	₹10,340 Cr	₹27,458 Cr	₹27,445 Cr +382%
EPS	₹136.3	₹8.29	₹16.72	₹64.04	₹29.68 +359%
Book Value per Share	₹613.67	₹32.82	₹99.24	₹241.83	₹124.63 +392%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.