Rs 81,784 crore order book: This multibagger aerospace & defence stock trade ex-split in 1:2 ratio today; do you own it?

The stock is up by 70 per cent in just 1 year, 190 per cent in 2 years and a whopping 395 per cent in 3 years.

Today, shares of Hindustan Aeronautics Ltd surged 0.34 per cent to Rs 1,924.90 per share from its previous closing of Rs 1,918.13 with an intraday high of Rs 1,949 and an intraday low of Rs 1,909.65.

Hindustan Aeronautics Ltd, a leading manufacturing company of aerospace and defence and a PSU enterprise informed that the Board of Directors of the company had approved a sub-division/ stock split of existing 1 (one) equity share of face value of Rs 10 each fully paid up into 2 (two) equity shares of Rs 5 each fully paid up as of record date. Today is the ex-date for the stock split, which means that investors who buy the stock on or after today will not be eligible to receive the additional shares created by the split.

Earlier, on August 24, 2023, the company ex-traded a final dividend of Rs 15 per share having a face value of 10 each.

According to the Quarterly Results, the net sales increased by 8.06 per cent to Rs 3,915 crore and net profit increased by 34.10 per cent to Rs 814 crore in Q1FY24 compared to Q1FY23. The net sales increased by 9.37 per cent to Rs 26,927 crore and the net profit increased by 14.25 per cent to Rs 5,828 crore in FY23 compared to FY22. The company has a market cap of Rs 1,28,740 crore and has been maintaining a healthy dividend payout of 29.6 per cent.

The company's 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.

The stock has a PE of 10.6x, an ROE of 27.2 per cent and an ROCE of 30.6 per cent. The stock is up by 70 per cent in just 1 year, 190 per cent in 2 years and a whopping 395 per cent in 3 years. Investors should keep an eye on this multibagger Large-Cap stock.

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