Multibagger in just 1 year; Board announced stock split and stellar dividend!

Shares of this company have gained more than 100 per cent in the last one year.

Hindustan Aeronautics Limited informed in the exchange filing that the company’s board has approved and fixed the record date for sub-division/split of the face value of the equity shares of the company having a face value of Rs.10 (Rupees Ten only) per equity share into two equity share of face value Rs.5.00 (Rupee Five Only) per equity share. The record date for the sub-division of the equity shares is fixed on Friday, September 29.2023. The board of the company also considered a dividend of Rs 15.00 per equity share of the face value of Rs 10 each fully paid up, which shall be paid to the shareholders within 30 days from the date of its approval.

Furthermore, in Q4FY23, the revenue of the company stood at Rs 12,494.67 crore which grew by 8.1 per cent YoY. The operating profit of the company stood at Rs 3968.02, with an increase of 32.25 per cent YoY, while the PAT of the company decreased by 8.36 per cent YoY, staying at Rs 2844.64 crore.

Hindustan Aeronautics Limited has delivered multibagger returns to its shareholders. During this period, shares of Hindustan Aeronautics Limited surged from Rs 1783.70 on June 29, 2022, to Rs 3721.90 on June 28, 2023, an increase of about 109 per cent in a one-year holding period.

Hindustan Aeronautics (HAL) is engaged in the business of designing, development, manufacturing, repairing, overhauling, upgradation and servicing a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures.