Rs 81,784 crore order book: This Aerospace & Defence company hits 52-week high on outstanding results; declares stellar dividend!
The stock is up by 89.51 per cent in just 1 year and over 498 per cent in 3 years.
Hindustan Aeronautics Ltd, a leading manufacturing company and a PSU enterprise announced its Quarterly Results and annual results for the year ended March 31, 2023. Details Below:
Quarterly Results: The net sales increased by 8.10 per cent with EPS of Rs 84.97 in Q4FY23 compared to Q4FY22. The company reported a net profit of Rs 2,844.64 crore in Q4FY23 compared to a net profit of Rs 3,103.99 crore in Q4FY22, down by 8.36 per cent.
Annual Results: The net sales increased by 9.37 per cent and the net profit increased by 14.25 per cent with EPS of Rs 173.79 in FY23 compared to FY22.
The company’s order book position is maintained at Rs 81,784 crore with the receipt of fresh manufacturing contracts, ROH and spare orders with continued budget allocation from the customer’s cash and the bank balance position has improved to Rs 20,306 crore. Additionally, the company has declared 2nd interim dividend of 200 per cent or Rs 20 per share for the FY 2022-23, for a face value of Rs 10.
HAL plays a strategic role in India’s defence program being the only Indian company having specialization in aircraft manufacturing and providing its maintenance and related services.
On Wednesday, shares of HAL jumped 2.29 per cent to make a new 52-week high of Rs 3,168 per share. At the closing bell, shares of the company were trading green, up 1.16 per cent to Rs 3,133.05 per share.
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Top 6 Mutual Funds that might be in focus:
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Mutual Funds
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Stake (%)
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Market Cap (Rs. Cr)
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Invesco India Focused 20 Equity Fund-Reg(G)
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5.79
|
91.86
|
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Invesco India PSU Equity Fund(G)
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5.69
|
23.06
|
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Tata Equity P/E Fund(G)
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5.21
|
267.1
|
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HDFC TaxSaver(G)
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4.66
|
457.46
|
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ICICI Pru PSU Equity Fund-Reg(G)
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4.25
|
59.96
|
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HDFC Flexi Cap Fund(G)
|
4.02
|
1283.62
|
The shares of the company saw a spurt in volume by more than 1.12 times on BSE. The stock has a PE of 15x and an ROE of 30 per cent. The stock is up by 89.51 per cent in just 1 year and over 498 per cent in 3 years. Investors should keep an eye on this multibagger large-cap stock.