Rs 81,784 crore order book: This multibagger aerospace & defence company hits back-to-back 52-week highs!
The stock is up by 85 per cent in just 1 year, 225 per cent in 2 years and over 450 per cent in 3 years.
On Tuesday, shares of Hindustan Aeronautics Ltd zoomed 4.76 per cent to make a new 52-week high of Rs 3,493.45 per share from its previous closing of Rs 3,283.30. At the closing bell, shares of the company ended the day in green, up 4.08 per cent to Rs 3,417.10 per share. In the recent trading session, the stock is hitting back-to-back 52-week highs.
Hindustan Aeronautics Ltd, a leading manufacturing company and a PSU enterprise recently 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 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.
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The company have 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. The stock has a PE of 19x, a ROE of 30 per cent and a ROCE of 32 per cent.
The stock is up by 85 per cent in just 1 year, 225 per cent in 2 years and over 450 per cent in 3 years. Investors should keep an eye on this multibagger Large-Cap stock.