Do you own this company that inked a deal worth over USD 100 million with Honeywell?

For FY22, the company reported revenue of Rs 24,620 crore, EBITDA of Rs 5,408 crore, and PAT of Rs 5,080 crore.

Shares of Hindustan Aeronautics Limited (HAL) soared over 4 per cent to Rs 2,027.90 on BSE as the company signed a contract worth over US$ 100 million for the supply and manufacture of 88 TPE331-12B engines along with maintenance & support services to power Hindustan Trainer Aircraft (HTT-40). Eric Walters, Senior Director of Sales for Honeywell and B Krishna Kumar, Executive Director for HAL, signed the contract on July 27, 2022, in the presence of R Madhavan, Chairman & Managing Director of HAL.  

For FY22, the company reported revenue of Rs 24,620 crore, EBITDA of Rs 5,408 crore, and PAT of Rs 5,080 crore. The company's market capitalisation is Rs 67,810 crore. The stock has gained more than 84 per cent in a single year.  

Hindustan Aeronautics Ltd is a state-owned aerospace and defence company that manufactures, repairs, and maintains aircraft & helicopters. HAL, the only Indian company with a specialisation in aircraft manufacturing, maintenance, and related services, plays a strategic role in India's defence programme.   

Keeping in mind the company's monopolistic position in the market and the tremendous opportunities that lie ahead, keep a close eye on this stock.