Hindustan Aeronautics Limited engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally. The company provides power plants; materials, including castings, general and precision forgings, powder metallurgy products, rubber products, rolled rings, and composites; and aerospace products, which include structures, tanks, and cryogenic engines. It also offers avionics, such as inertial navigation systems, auto stabilizers, head-up displays, laser range systems, flight data recorders, communication equipment, radio navigation equipment, airborne secondary radars, missile inertial navigation systems, radar computers, and ground radars; and system and accessories comprising hydraulic, wheels and brake, flight control, oxygen, and fuel management systems, as well as ejector release units, panel instruments, gyroscopic/barometric instruments, and hydraulic pumps. In addition, the company provides various services in the areas of aircraft and helicopters MRO, and power plants, as well as systems, accessories, and avionics. It serves space, defense, and civil industries. The company has a collaboration agreement with Rolls-Royce Holdings plc to expand the supply chain for Adour engine parts in India to serve military customers. Hindustan Aeronautics Limited was incorporated in 1963 and is based in Bengaluru, India.

Walchand Hirachand

Hindustan Aeronautics Limited

Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, and telecommunication applications in India. It offers radar electronics, including active antenna array units, TR modules, wideband TR modules, solid state power amplifiers, receiver exciters, central units, antenna beam forming units, all receiver subsystems, array group and monopulse receivers, waveform generators, and MMIC; electronic warfare comprising antennas, EDLVA and BLI super components, EW simulators, DIFM receivers, front end receivers, up/down convertors, and homodyne receivers; and strategic electronics and telemetry, such as command guidance units, radio proximity fuze, phased array based telemetry tracking system, sub-systems for gimbal based and AESA seeker, ground and air-borne data link systems, data and video telemetry transmitters, transponders, encoders and decoders, and telemetry receivers, as well as L, S, C, and X-Band transponders. The company also provides ground-based systems consisting of sub-systems for multi-object, tracking radar, coherent frequency generators, L-band modulators, 8x8 switchable routers for earth station, V/UHF T/R modules for ST radar, and Ka-band indoor/outdoor units; S-level (on-board) / flight model systems, which includes sub-systems for SAR payloads, geostationary satellites, and remote sensing satellites; water level measurement, agromet meteorological stations, automatic rain gauge, automatic weather stations, mini boundary layer masts, 50m tower masts, and agro met towers; and perimeter surveillance system and non-linear junction detector. In addition, it offers MMIC testing and assembly, and contract manufacturing services, as well as products for homeland security. The company also exports its products. Astra Microwave Products Limited was incorporated in 1991 and is based in Hyderabad, India.

Astra Microwave Products Limited

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simulators, and batteries; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and microelectro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. The company's non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It offers electronic manufacturing services, including PCB assembly and testing, precision machining and fabrication, opto electronic components and assemblies, microwave integrated circuit assemblies, super components modules, cable assemblies and wiring harnesses, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. Further, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. It provides security architecture conceptualization and consulting, and information security audit services. The company also exports its products to the United States, France, China, Germany, Switzerland, ASEAN countries, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is based in Bengaluru, India.

Bharat Electronics Limited

NewSpace Research and Technologies develops unmanned aerospace systems for the global market, focusing on both military and civilian applications.

NewSpace Research and Technologies

Hindustan Aeronautics Limited (HAL) is an Indian state-owned aerospace and defense company that designs, develops, manufactures, and maintains aircraft, helicopters, engines, and aerospace systems.

Design, development, manufacture and maintenance of fixed and rotary wing aircraft

Metric
Company Name	Hindustan Aeronautics Limited	Astra Microwave Products Limited	Bharat Electronics Limited	NewSpace Research and Technologies
Symbol	HAL	ASTRAMICRO	BEL
MSH ID	IN:CO:HAL-INDIA	COM:ASTRAMWP	IN:BEL-INDIA	IN:CO:NEWSPACE
Market	STOCKS	STOCKS	STOCKS	PRIVATE
Sector	Industrials	Technology	Industrials	Capital Goods & Industrials
Industry	Aerospace & Defense	Communication Equipment	Aerospace & Defense	Aerospace & Defense
Country	IN	IN	IN	IN
Stage				Venture Round
Employee Count	23.45K	1.10K	11.46K
Website	hal-india.co.in	astramwp.com	bel-india.in	newspace.co.in
LinkedIn	hindustanaeronauticslimited			newspacert
Founders

Metric
Market Cap	43.80B	1.03B	28.95B
Enterprise Value
Monthly Web Traffic				396
Web Traffic Growth				-0.83
Valuation
Raised Capital				33M

Metric
Revenue	3.59B	107.30M	2.39B
Revenue (LTM)
Revenue (NTM)
Gross Profit	1.56B	26.47M	798.00M
EBITDA	1.15B	22.62M	595.79M
Operating Income	983.91M	19.67M	543.46M
Net Income	899.75M	14.29M	470.42M
EPS	1.35	0.15	0.06
Diluted EPS	1.35	0.15	0.06
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.63	0.38	0.43
Operating Profit Margin	0.31	0.22	0.25
EBITDA Margin	0.32	0.21	0.25
Net Profit Margin	0.27	0.15	0.20
Return on Equity	0.50	0.16	0.34
Return on Assets	0.11	0.09	0.11
Return on Capital Employed	0.23	0.19	0.30

IN:CO:HAL-INDIA

Hindustan Aeronautics Limited

Last Close

4,111.35

25/11 09:40

Market Cap

3.71T

Beta: -

Volume Today

1.91M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	32.49	94.89	37.37
P/B Ratio	7.80	7.04	9.00
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	12.38	10.19	12.22
EV Multiple	36.24	44.50	48.10

Metric
Days Sales Outstanding	189.97	129.15	159.44
Days Payables Outstanding	131.40	35.99	111.00
Days Inventory Outstanding	384.86	319.22	225.20
Operating Cycle	583.35	522.10	359.00
Cash Conversion Cycle	483.98	470.09	246.92
Asset Turnover	0.39	0.63	0.53

Metric
Operating Cash Flow	1.17B	-22.82M	602.01M
Free Cash Flow	967.02M	-28.42M	524.97M
Cash Flow to Debt	3.31K	0.21	14.03
Operating Cash Flow/Sales	0.13	0.06	0.05
Free Cash Flow Yield

Metric
Cash & Equivalents	3.12B	15.46M	1.31B
Accounts Receivable	-292.13M	-26.25M	-140.52M
Inventory	1.56B	60.75M	879.19M
Goodwill
Debt to Capitalization	0.00	0.20	0.00
Debt to Assets	0.00	0.06	0.00
Current Ratio	1.63	3.75	1.51
Quick Ratio	1.83	1.66	1.30

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue			0.00
SG&A to Revenue			0.03