Hindustan Aeronautics Ltd
About
Hindustan Aeronautics Limited (HAL) was initially known as Hindustan Aircraft Limited. It was established in 1940 in Bangalore by Walchand Hirachand in association with the Government of Mysore at the time. It commenced the manufacturing of Harlow Trainers, Curtiss Hawk Fighters, and Vultee Bomber Aircraft in partnership with the Intercontinental Aircraft Company of the USA. With the aim of manufacturing aircraft in India, the Ministry of Defence of the then Government of India soon became one of its shareholders and entirely took over its administrative control in 1951. Later, HAL became the first defence public sector undertaking to get the Maharatna status. The company now provides aircraft, civil aviation, helicopters, systems and software, engines, and more. Its testing is carried out in Bangalore, Hyderabad, and Lucknow, while Kanpur, Nashik, and Korapet house other HAL manufacturing sites. Additionally, its regional offices are spread over Delhi, Mumbai, Chennai, London, and Moscow.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 34263 17.0% | 29291 17.1% | 25013 20.3% | 20788 -2.1% | 21232 10.5% | 19212 3.5% | 18567 0.4% | 18497 -2.3% | 18929 3.6% | 18269 -1.2% | 18498 5.5% | 17535 15.3% | 15213 -18.8% | 18745 21.4% | 15443 9.9% | 14059 - |
| Net Operating Income (INR Cr) | 30381 12.83% | 26927 9.37% | 24620 7.59% | 22882 6.70% | 21445 7.18% | 20008 8.04% | 18520 3.17% | 17950 7.11% | 16759 5.14% | 15939 0.00% | 15135 5.63% | 14328 0.82% | 14211 8.29% | 13124 14.56% | 11456 10.46% | 10371 20.27% |
| Profit (INR Cr) | 7621 30.8% | 5828 14.7% | 5080 56.5% | 3246 12.6% | 2883 23.8% | 2329 17.0% | 1990 -24.2% | 2625 31.0% | 2004 -16.5% | 2399 -10.9% | 2693 -10.2% | 2997 18.0% | 2539 20.1% | 2114 7.5% | 1967 13.1% | 1740 - |
| Assets (INR Cr) | 41820 14.8% | 36426 9.0% | 33416 26.6% | 26402 -6.0% | 28077 5.8% | 26537 23.9% | 21419 -17.7% | 26022 12.4% | 23147 -15.1% | 27255 21.7% | 22403 9.7% | 20420 -4.2% | 21322 -1.8% | 21717 167.3% | 8124 22.7% | 6618 - |
| Net Worth (INR Cr) | 29138 23.6% | 23572 22.1% | 19313 25.2% | 15424 16.4% | 13249 9.7% | 12082 27.0% | 9511 -24.3% | 12559 13.8% | 11032 -34.4% | 16804 0.0% | 15015 12.2% | 13378 18.0% | 11339 16.4% | 9745 20.0% | 8124 22.8% | 6616 25.2% |
| Employee Cost (INR Cr) | 5291 7.8% | 4910 6.6% | 4604 7.0% | 4305 -9.9% | 4778 10.8% | 4311 0.0% | 4311 20.7% | 3570 9.1% | 3274 -3.8% | 3403 26.7% | 2685 9.8% | 2446 -10.1% | 2721 21.1% | 2246 15.0% | 1954 -23.1% | 2542 - |
| Interest Cost (INR Cr) | 43 | 64 | 65 | 267 | 360 | 178 | 35 | 16 | 6 | 15 | 8 | 5 | 6 | 7 | 8 | 9 |
| Cash & Bank Balance (INR Cr) | 26432 | 20317 | 14348 | 7177 | 317 | 124 | 6546 | 11149 | 13303 | 17768 | 16935 | 13378 | 21933 | 20099 | 18658 | 19745 |
| Total Debt (INR Cr) | 50 | 52 | 49 | 53 | 5927 | 4116 | 905 | 1022 | 80 | 165 | 684 | 5 | 5 | 6 | 0 | 2 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 22.2% | 19.9% | 20.3% | 15.6% | 13.6% | 12.1% | 10.7% | 14.2% | 10.6% | 13.1% | 14.6% | 17.1% | 16.7% | 11.3% | 12.7% | 12.4% |
| Profit As % Of Assets | 18.2% | 16.0% | 15.2% | 12.3% | 10.3% | 8.8% | 9.3% | 10.1% | 8.7% | 8.8% | 12.0% | 14.7% | 11.9% | 9.7% | 24.2% | 26.3% |
| Profit As % Of Networth | 26.2% | 24.7% | 26.3% | 21.0% | 21.8% | 19.3% | 20.9% | 20.9% | 18.2% | 14.3% | 17.9% | 22.4% | 22.4% | 21.7% | 24.2% | 26.3% |
| Interest Cost to EBITDA % | 0.4% | 1.0% | 1.2% | 5.0% | 7.3% | 3.9% | 1.0% | 0.5% | 0.2% | 0.6% | 0.5% | 0.7% | 0.4% | 0.5% | 0.9% | 3.9% |
| Debt to Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.45 | 0.34 | 0.10 | 0.08 | 0.01 | 0.01 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| RONW | 28.9% | 27.2% | 29.3% | 22.6% | 22.8% | 21.6% | 18.0% | 22.3% | 14.4% | 14.2% | 19.0% | 24.3% | 24.1% | 23.7% | 26.7% | 29.2% |
| ROCE | 26.3% | 18.8% | 17.7% | 16.7% | 15.9% | 16.3% | 13.8% | 14.7% | 12.8% | 11.7% | 16.8% | 16.8% | 15.5% | 19.1% | 42.3% | 58.9% |