Rs 94,000 Crore Order Book & 2:1 Stock Split: Multibagger Aerospace and Defence PSU Company Achieves Maharatna Status - Stock Rallied Over 2 Per cent!
The company’s shares have gained more than 280 per cent in the last 2 years.
The Government of India granted 'Maharatna' status to this Large-Cap defence PSU company having a robust order book of around Rs 94,000 crore on Saturday, making it the 14th company in India to receive this designation. This move will provide the company with greater autonomy, increased investment capacity, and enhanced strategic flexibility. Following this, the stock price rallied over 2 per cent in the morning trading session today.
Hindustan Aeronautics Limited (HAL) is involved in the manufacture of aircraft and helicopters, as well as their repair and maintenance. HAL plays a strategic role in India’s defence program, being the sole Indian company with expertise in aircraft manufacturing and the provision of maintenance and related services.
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Currently, the shares of Hindustan Aeronautics Limited are trading at around Rs 4,513 per share on the BSE. The company's current market capitalization stands at Rs 3.01 lakh crore, and the stock has generated an impressive multibagger return of over 120 per cent in the past 1 year.
As per the Quarterly Results, in Q1 FY25, Hindustan Aeronautics Limited recorded a revenue of Rs 4,348 crore compared to Rs 3.915 crore. The operating profit for the period stood at Rs 994 crore. The net profit for Q1 FY25 was Rs 1,436 crore compared to Rs 814 crore. Looking at the annual performance, the company generated a revenue of Rs 30,281 crore in FY24, compared to Rs 26,928 crore in FY23. The operating profit for FY24 was Rs 9,853 crore with a net profit of Rs 7,595 crore.
According to the shareholding pattern, promoters own a 71.64 per cent stake, while public investors hold 7.86 per cent. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 11.68 per cent and 8.81 per cent stakes, respectively.
Disclaimer: The article is for informational purposes only and not investment advice.