Rs 94,000 crore order book: This aerospace and defence company announces 260 per cent dividend, stock gains over 185 per cent in just 1 year!

The company’s shares have delivered an impressive multibagger returns of over 185 per cent in just 1 year.

In today's board meeting, Hindustan Aeronautics Limited (HAL), India's leading aerospace and defence company has announced:

(a) A final dividend of Rs 13 per equity share of Rs 5 each fully paid up (260 per cent) for the Financial Year 2023-24. This dividend, subject to shareholders' approval at the AGM, will be disbursed to eligible shareholders within 30 days from the AGM's approval date. The record date for the dividend payment, if approved, is scheduled for Wednesday, August 21, 2024.

(b) An increase in the Company's Authorized Share Capital from Rs 600 crore to Rs 700 crore, along with the corresponding amendment of the Capital Clause in the Company's Memorandum of Association.

Hindustan Aeronautics Limited (HAL) is involved in the manufacturing of aircraft and helicopters, as well as the repair and maintenance of aircraft and helicopters.

Today the company’s shares closed the day at Rs 5283 per share on the BSE. Additionally, the stock has generated an impressive multibagger return of 185 per cent in just 1 year.

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Hindustan Aeronautics Limited (HAL) recorded a revenue of Rs 14769 crore. The operating profit for Q4 FY24 stood at Rs 5896 crore. The net profit for Q4 FY24 was Rs 4292 crore. Looking at the annual performance, the company generated a revenue of Rs 30381 crore in FY24, compared to Rs 26928 crore in FY23. The operating profit for FY24 was Rs 9739 crore, with a net profit of Rs 7595 crore.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.