125 per cent return in just 1 year: All set to build advanced helicopter engines with France's Safran!
the stock has zoomed more than 307 per cent in last 3 years.
Hindustan Aeronautics Limited is involved in the manufacturing of aircraft and helicopters, as well as the repair and maintenance of these aircraft and helicopters. The company plays a crucial role in the aviation industry by providing advanced aerospace solutions and services.
On July 15, 2023, the company has entered into an agreement with Safran Helicopter Engines SAS to establish a joint venture dedicated to designing, developing, certifying, producing, selling, and supporting helicopter engines. Among the initial opportunities identified are engines for the Indian Multi Role Helicopter (IMRH) and Deck Based Multi Role Helicopter (DBMRH) projects.
In further developments, on July 12, 2023, the Honourable Raksha Mantri inaugurated HAL's Regional Office in Kuala Lumpur. This office aims to foster closer defence industrial collaboration between India and Malaysia. Not only will it facilitate engagement between HAL and the wider South East Asian region, but it will also serve as a platform for other Indian Defence Public Sector Undertakings (PSUs) to showcase their capabilities. The establishment of this regional office represents a significant step in strengthening defence ties and promoting collaboration in the region.
The company has showcased a commendable profit growth of 23.9 per cent Compound Annual Growth Rate (CAGR) over the last 5 years, underscoring its strong financial performance and steady growth trajectory.
Additionally, the company has maintained an impressive return on equity (ROE) track record, with a consistent 26.7 per cent ROE over the past 3 years, highlighting its efficient utilization of shareholders' investments.
Furthermore, shareholders have been rewarded with a healthy dividend payout of 26.8 per cent, reflecting the company's commitment to sharing profits and providing attractive returns to its investors. These positive financial indicators demonstrate the company's sound management and successful execution of its business strategies.
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In the fiscal year 2022-2023, Hindustan Aeronautics Limited reported impressive financial performance. The company's total revenue rose by 9.37 per cent to reach Rs 26,982 crore compared to the previous fiscal year. Moreover, the operating profit soared by 22.93 per cent, standing at Rs 6,663 crore, while the net profit surged by 14.25 per cent to Rs 5,811 crore compared to the previous year.
Today, the shares of Hindustan Aeronautics Limited plunged by 0.53 per cent. The 52-week high and low are Rs 3,950 per share and Rs 1,718 per share, respectively on BSE.
The stock has witnessed significant buying activity as it has surged more than 125 per cent in the last one year. Furthermore, over three years the stock has given multibagger returns of more than 307 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.