Rs 94,000 Crore Order Book: This PSU Aerospace and Defence Company Bags Order Worth Rs 45,000 Crore for Light Combat Helicopters; Heavy Buying, Stock Hits 52-Week High Today!

The company’s shares have delivered an impressive return of around 190 per cent in just 1 year.

Hindustan Aeronautics is engaged in the manufacture of aircraft and helicopters, as well as the repair and maintenance of aircraft and helicopters. HAL plays a strategic role in India’s defence program, being the only Indian company specializing in aircraft manufacturing and providing related maintenance services.

According to the recent update, the Defence Ministry has issued a Request for Proposal (RFP) for 156 LCH, Light Combat Helicopters (90 for the Indian Army and 66 for the Indian Air Force). As per sources, the estimated value of this contract is around Rs 45,000 crore.

Share Performance:

Today the shares of HAL closed the day at Rs 5533.35 per share. The company’s current market capitalization stands at Rs 3,70,056.61 crore. The stock has delivered a return of over 180 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, HAL reported a revenue of Rs 14769 crore and an operating profit of Rs 5896 crore. The operating profit margin for the quarter stands at 40 per cent. The company’s net profit stood at Rs 4292 crore. In FY24, the company reported a revenue of Rs 30381 crore compared to Rs 26928 crore, and a net profit of Rs 7595 crore, compared to a profit of Rs 5811 crore in the previous year.

According to the shareholding pattern, promoters hold 71.64 per cent, while FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) own 12.42 per cent and 9.58 per cent respectively. Public investors hold 6.36 per cent of the shares.

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

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