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Strong Rise In This Stock After Aircraft Order For American Country; ₹3600 Share Target

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Hindustan Aeronautics Ltd (NSE: HAL) order: Hindustan Aeronautics, a giant company in the defense sector, is getting orders at a rapid pace.

In this series, the company has signed an agreement with the Guyana Defense Force for the supply of two Hindustan-228 commuter aircraft. 

This order’s total cost the order is about the sum of Rs 1.94 billion. Let us tell you that Guyana is a country in South America.

Loan From Exim Bank For Aircraft

Guyana has taken a loan from India for the aircraft. The Export-Import Bank of India (Exim Bank) has announced to provide a loan facility of $ 23.3 million (about Rs 194 crore) to Guyana. 

This line of credit has been given to Guyana for the purchase of two aircraft from India for its defense force.

Through the help of this Line of Credit (LOC), it means that the Bank has now 292 LOCs covering 62 countries across Africa, Asia, Latin America, CIS, and Oceania.

Share Status

The share price of Hindustan Aeronautics is Rs 3170.50. There was a strong rise in the stock last Friday and the price rose by 1.63%. 

So far in the year 2024, this stock has given positive returns. Experts are bullish on the stock due to the company’s strong order book.

What Did The Brokerage Say?

Recently, Deepen Vakil, Research Analyst at Incred Equities, said in a report that Hindustan Aeronautics’ order pipeline remains solid, but the deadline to complete the order is very important. 

While keeping a buy rating for this stock, the brokerage noted it could rise to ₹3600 a share. However, delays in new orders, failure to meet aircraft delivery deadlines, and low margins fall in the downside risk category.

Let us inform you that in December 2023, the total order record at Hindustan Aeronautics was Rs 84800 crore. The manufacturing of aircraft and helicopters primarily drove this.

In addition, the Repair and overhaul (ROH) order book was at a staggering amount of Rs 283.00 billion.

About Hindustan Aeronautics Ltd Company 

Hindustan Aeronautics Ltd. (HAL)is an aerospace company. It manufactures, repairs, and maintenance of Aircraft and Helicopters. 

It was created in the year 1964. The principal office of the company is located in Bangalore.

Fundamental Analysis of Hindustan Aeronautics Ltd

Market Cap₹ 2,12,055 Cr.
Current Price₹ 3,171
52-wk High₹ 3,429
52-wk Low1,262
Stock P/E34.2
Book Value₹ 375
Dividend0.87 %
ROCE30.6 %
ROE27.2 %
Face Value₹ 5.00
P/B Value8.45
OPM25.2 %
EPS₹ 91.9
Debt₹ 0.37 Cr.
Debt to Equity0.00

Hindustan Aeronautics Ltd (HAL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 3200₹ 3600
2025₹ 3689₹ 3986
2026₹ 4000₹ 4324
2027₹ 4435₹ 4500
2028₹ 4590₹ 5000
2029₹ 5089₹ 5300
2030₹ 5600₹ 6000
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Hindustan Aeronautics Ltd Shareholding Pattern

Promoters Holding
Dec 202275.15%
Mar 202371.65%
June 202371.64%
Sept 202371.64%
Dec 202371.64%
FII Holding
Dec 20227.14%
Mar 20239.07%
June 202311.90%
Sept 202312.63%
Dec 202312.93%
DII Holding
Dec 202212.72%
Mar 202313.93%
June 202310.64%
Sept 20239.72%
Dec 20239.13%
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Public Holding
Dec 20224.98%
Mar 20235.34%
June 20235.81%
Sept 20236.02%
Dec 20236.28%

Hindustan Aeronautics Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 20,008 Cr
2020₹ 21,445 Cr
2021₹ 22,882 Cr
2022₹ 24,620 Cr
2023₹ 28,107 Cr

Last 5 Years’ Net Profit:

2019₹ 2,346 Cr
2020₹ 2,842 Cr
2021₹ 3,239 Cr
2022₹ 5,086 Cr
2023₹ 6,144 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.34
20200.44
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:7%
5 Years:24%
3 Years:28%
Current Year:1%

Last 10 years’ Return on Equity (ROE):

10 Years:22%
5 Years:25%
3 Years:27%
Last Year:27%

Sales Growth Over 10 Years:

10 Years:7%
5 Years:8%
3 Years:8%
Current Year:8%

Conclusion

This article is a complete guide about Hindustan Aeronautics Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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