Hindustan Aeronautics Limited (HAL) is a prominent player in India’s aerospace industry, with a wide range of products and services in its portfolio. Its performance on the stock market has been of interest to investors, with many wondering if HAL is a good auto stock to buy.
In this article, we will discuss HAL’s share price target from 2023 to 2030, taking into account recent developments in the company and the wider industry. We’ll also explore the impact of India’s Directorate General of Civil Aviation (DGCA) approval for HAL to use its domestically developed ‘black boxes’ for its aircraft.
So, let’s dive into HAL’s potential as an investment opportunity and its prospects for growth in the coming years.
Stock history of Hindustan Aeronautics
Hindustan Aeronautics Limited (HAL) has a rich stock history, having been listed on the Indian stock market since 1999. HAL is a Navratna public sector undertaking, which means that it is one of the top-performing central public sector enterprises in India.
HAL’s initial public offering (IPO) in 1999 was one of the most successful in Indian history, with the company raising over INR 3,000 crores (approximately $400 million) from the public. The IPO was oversubscribed by more than 41 times, with retail investors alone applying for nearly 17 times the number of shares on offer.
HAL’s stock performance has been relatively stable over the years, with the company’s shares trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). HAL has also been included in various stock market indices, including the BSE Sensex and the NSE Nifty 50.
Over the past five years, HAL’s stock has seen both ups and downs. In early 2018, the company’s shares reached an all-time high driven by strong earnings growth and positive investor sentiment. However, the stock saw a sharp decline in the second half of 2018 as concerns about the global aviation industry and trade tensions weighed on investor confidence.
As of February 2023, HAL’s share price is around INR 2632, with a market capitalization of approximately 882.35 billion INR.
Latest news about Hindustan Aeronautics
- Hindustan Aeronautics (NSE:HAL) has revealed its intention to raise its dividend to ₹15.00.
- Following the GE deal, Hindustan Aeronautics shares have surged past the Rs 3,800 mark, marking a 50% increase in the stock’s value in 2023 thus far.
- Hindustan Aeronautics shares are making headlines due to the GE deal, which involves a collaboration to jointly produce jet engines within India.
- Hindustan Aeronautics has announced a final dividend of Rs 15 for the fiscal year 2022-2023 and has also given the green light for a 1:2 stock split.
How to buy Hindustan Aeronautics shares?
You can buy Hindustan Aeronautics shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Hindustan Aeronautics: 2023 to 2030
Share Price Target 2023 of Hindustan Aeronautics
| When | Maximum Price | Minimum Price |
| August 2023 | ₹3,770.00 | ₹3,427.27 |
| September 2023 | ₹3,856.71 | ₹3,506.10 |
| October 2023 | ₹3,744.38 | ₹3,403.98 |
| November 2023 | ₹3,819.27 | ₹3,472.06 |
| December 2023 | ₹3,933.84 | ₹3,576.22 |
According to the table provided, the predicted HAL share price range for 2023 is quite wide, with the maximum price being ₹3,933.84 in December 2023 and the minimum price being ₹3,770.00 in August 2023. This indicates that there may be significant volatility in the stock price over the year. However, the growth percentage for the year is estimated to be around 65%, which is a significant increase from current levels.
The table shows that there are some bullish predictions for HAL’s share price in 2023, with an uptrend expected to continue throughout the year. The maximum price of ₹3,933.84 in December 2023 is especially encouraging, as it represents a potential return of around 328% from the current share price. However, investors should also be aware of the potential for downside risk, as the minimum price in August 2023 is significantly lower than current levels.
Overall, the predicted share price range for 2023 suggests that HAL may be a good investment option for investors looking for exposure to India’s aerospace industry.
Share Price Target 2024 of Hindustan Aeronautics
| When | Maximum Price | Minimum Price |
| January 2024 | ₹4,140.89 | ₹3,600.77 |
| February 2024 | ₹4,229.48 | ₹3,524.57 |
| March 2024 | ₹4,452.09 | ₹3,619.58 |
| April 2024 | ₹4,047.35 | ₹3,113.35 |
| May 2024 | ₹3,372.79 | ₹2,594.46 |
| June 2024 | ₹4,047.35 | ₹3,113.35 |
| July 2024 | ₹3,440.25 | ₹2,666.86 |
| August 2024 | ₹3,784.28 | ₹3,003.39 |
| September 2024 | ₹3,973.49 | ₹3,056.53 |
| October 2024 | ₹4,674.69 | ₹3,595.92 |
| November 2024 | ₹4,908.43 | ₹3,775.71 |
| December 2024 | ₹5,006.60 | ₹3,851.23 |
The table provided indicates a bullish trend for HAL’s share price in 2024, with the maximum price of ₹5,006.60 in December 2024 and the minimum price of ₹2,594.46 in May 2024. This represents a significant increase in the stock price, with a growth percentage of around 127% for the year.
The maximum share price target for HAL in 2024 is ₹5,006.60, which represents a potential return of around 359% from the current share price. Meanwhile, the minimum share price target is ₹2,594.46, which is still a significant increase from current levels.
Share Price Target 2025 of Hindustan Aeronautics
| When | Maximum Price | Minimum Price |
| January 2025 | ₹5,106.73 | ₹3,928.25 |
| February 2025 | ₹5,375.50 | ₹4,135.00 |
| March 2025 | ₹5,644.28 | ₹4,341.75 |
| April 2025 | ₹5,039.53 | ₹3,876.56 |
| May 2025 | ₹4,581.39 | ₹3,524.15 |
| June 2025 | ₹5,039.53 | ₹3,876.56 |
| July 2025 | ₹4,799.56 | ₹3,691.97 |
| August 2025 | ₹4,999.54 | ₹3,845.80 |
| September 2025 | ₹5,249.51 | ₹4,038.09 |
| October 2025 | ₹5,564.49 | ₹4,280.37 |
| November 2025 | ₹5,954.00 | ₹4,580.00 |
| December 2025 | ₹6,073.08 | ₹4,671.60 |
According to the data provided for the share price targets for HAL in 2025, there seems to be a bullish trend in the stock. The maximum share price target for January 2025 is predicted to be around ₹5,106.73 and the minimum share price target is around ₹3,928.25.
As we move towards the end of the year, the maximum share price target for December 2025 is predicted to be around ₹6,073.08 and the minimum share price target is around ₹4,671.60. This represents a significant growth percentage, and it is clear that the stock is expected to continue its upward trend.
If HAL maintains its growth trajectory and continues to perform well, investors can expect to see a positive return on investment in the years to come.
Hindustan Aeronautics Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹4,251.16 | ₹2,975.81 |
| 2027 | ₹3,613.48 | ₹2,529.44 |
| 2028 | ₹6,504.27 | ₹4,552.99 |
| 2029 | ₹13,360.77 | ₹9,352.54 |
| 2030 | ₹14,879.04 | ₹10,415.33 |
Based on the given data, the share price of Hindustan Aeronautics Limited (HAL) is expected to experience some fluctuations in the coming years. In 2025, the share price is expected to see a significant uptrend, with the maximum price predicted to be ₹6,073.08, while the minimum is expected to be around ₹3,876.56.
The trend of growth is expected to slow down in 2026, with the maximum share price predicted to be ₹4,251.16 and the minimum price around ₹2,975.81. In 2027, the growth is expected to be even slower, with a maximum share price of ₹3,613.48 and a minimum price of ₹2,529.44. However, the share price is expected to pick up again in 2028, with the maximum share price predicted to be ₹6,504.27 and the minimum price around ₹4,552.99.
The uptrend is expected to continue in 2029 and 2030, with a maximum share price of ₹13,360.77 and ₹14,879.04, respectively, and a minimum price of ₹9,352.54 and ₹10,415.33, respectively. However, investors should always conduct their own research and exercise caution when making investment decisions.
Financial Condition of Hindustan Aeronautics: Last 5 years
| ANNUAL | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales | 20,008 | 21,445 | 22,882 | 24,620 | 26,928 |
| Expenses | 15,440 | 16,565 | 17,541 | 19,200 | 20,258 |
| Operating Profit | 4,569 | 4,880 | 5,341 | 5,420 | 6,669 |
| OPM % | 23% | 23% | 23% | 22% | 25% |
| Other Income | 376 | 415 | 360 | 986 | 1,672 |
| Interest | 177 | 359 | 267 | 65 | 64 |
| Depreciation | 1,024 | 998 | 1,157 | 1,110 | 1,784 |
| Profit before tax | 3,742 | 3,938 | 4,277 | 5,231 | 6,493 |
| Tax % | 37% | 28% | 24% | 3% | 10% |
| Net Profit | 2,346 | 2,842 | 3,239 | 5,086 | 5,811 |
| EPS in Rs | 70.16 | 84.99 | 96.88 | 152.11 | 173.79 |
| Dividend Payout % | 28% | 31% | 31% | 26% | 32% |
- Sales Growth: The company’s sales have shown a consistent upward trajectory, increasing from Rs. 20,008 crore in March 2019 to Rs. 26,928 crore in March 2023. This indicates the company’s ability to expand its revenue base steadily.
- Operating Profit Margin (OPM): The OPM has ranged from 22% to 25%, suggesting the company’s efficiency in managing its operating expenses relative to its sales. This steady OPM range indicates a consistent profitability trend.
- Other Income: The company’s other income has varied over the years, with notable spikes in March 2022 and March 2023, reaching Rs. 986 crore and Rs. 1,672 crore, respectively. This could be due to various non-operational sources of income contributing to the company’s earnings.
- Profit Before Tax: The profit before tax has seen substantial growth, escalating from Rs. 3,742 crore in March 2019 to Rs. 6,493 crore in March 2023. This indicates the company’s improved profitability before accounting for taxes.
- Net Profit and EPS: Net profit has consistently increased over the years, rising from Rs. 2,346 crore in March 2019 to Rs. 5,811 crore in March 2023. The corresponding growth in earnings per share (EPS) from Rs. 70.16 to Rs. 173.79 suggests that the company’s profitability per share has improved.
- Dividend Payout: The dividend payout percentage has shown some fluctuations but generally remains within a reasonable range, indicating the company’s consistent approach to returning value to its shareholders.
- Tax Efficiency: The company’s tax percentage has seen significant variations, with a notably low rate of 3% in March 2022. The reasons behind this tax variation warrant further examination.
Hindustan Aeronautics share price target by Experts
Hindustan Aeronautics share price target by ICICI Securities
ICICI Securities is recommending buying shares of Hindustan Aeronautics Ltd. with a target price of Rs 3170.
FAQS
Will the share price of Hindustan Aeronautics rise in 2023?
It is anticipated that Hindustan Aeronautics per share price will increase to ₹3,576 by the end of 2023.
Write the share price target 2025 of Hindustan Aeronautics.
The share price target of Hindustan Aeronautics for 2025 could be around ₹6,073. The predicted share price for 2025 suggests that HAL may continue to be a good investment option for investors with a long-term investment horizon and a higher risk tolerance.
Is HAL free from all debts?
Yes, as of February 2023, HAL is free from all debts.
Write the share price target 2030 of Hindustan Aeronautics.
The share price of Hindustan Aeronautics might reach around ₹14,879 by the end of 2030.
Also read:
- Titan Company Share Price Target 2023 to 2030: Can Titan (NSE: TITAN) touch 3000 INR in 2023?
- Lupin Share Price Target 2023 to 2030: Can Lupin touch 1000 INR in 2023?
- Maruti Suzuki Share Price Target 2023 to 2030: Can Maruti touch 20,000 INR by 2023?
Points To Keep In Note While Investing In Hindustan Aeronautics :
The company maintains a nearly debt-free status.
Over the past 5 years, the company has achieved a robust profit growth of 23.9% compounded annually.
The company demonstrates a commendable return on equity (ROE) track record, with a 3-year ROE of 26.7%.
A healthy dividend payout of 29.6% is consistently maintained by the company.
Efficient management is evident in the reduction of the company’s working capital requirements from 98.4 days to 38.2 days.
Conclusion
Based on the income growth, PAT, revenue growth, and profit growth over the last five years, HAL has shown consistent financial performance. The company has managed to increase its sales and operating profit, and the net profit has also seen a steady rise. With a favorable outlook for the aerospace industry and the Indian government’s focus on strengthening the country’s defense sector, HAL is poised for further growth in the coming years. The company’s strong financial position, along with its strategic partnerships and collaborations, bode well for its future prospects. However, as with any investment, there are always inherent risks. Investors should carefully evaluate their own investment goals and conduct thorough research before making any investment decisions. Overall, HAL’s steady growth and potential for further expansion make it an attractive option for investors looking to add a well-established aerospace and defense company to their portfolio.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.
