HAL.NS Hindustan Aeronautics Limited
INR·Price 4266.00·Mkt cap 2.85TComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- High cash flow quality
- Strong FCF conversion
- Low accrual ratio
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
- High promoter/insider ownership
- Strong capex growth
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 2178.91 vs price 4266.00 — screens expensive on a cash-flow DCF (-48.9% to intrinsic). Not applicable due to missing data.
| Intrinsic / share | 2178.91 |
| Price | 4266.00 |
| Upside to intrinsic | -48.9% |
| Reverse-DCF implied g | 15.2% |
Base FCF 89.04B · growth 5.8% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 2% | 4% | 6% | 8% | 10% |
| 10% | 2242.76 | 2610.69 | 3041.54 | 3545.16 | 4132.8 |
| 11% | 1895.64 | 2192.07 | 2538.16 | 2941.62 | 3411.23 |
| 12% | 1646.81 | 1892.69 | ★ 2178.91 | 2511.7 | 2898.11 |
| 13% | 1459.46 | 1667.84 | 1909.73 | 2190.23 | 2515.13 |
| 14% | 1313.15 | 1492.72 | 1700.57 | 1940.97 | 2218.77 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 2 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0
- Solid liquidity (current ratio ≥ 1.5) — now 2.61
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 3 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 18% — now 22.2%
- Net margin ≥ 10% — now 27.5%
- Conservative leverage (D/E ≤ 1.0) — now 0
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 2 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 22.2%
- Manageable debt (D/E ≤ 1.0) — now 0
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 4 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 22.2%
- Net margin ≥ 10% — now 27.5%
- Positive free cash flow — now 25.3%
- Conservative leverage (D/E ≤ 1.0) — now 0
- Trades below intrinsic value (margin of safety ≥ 0) — now -95.8%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 3 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Very low debt (D/E ≤ 0.5) — now 0
- Consistent revenue (consistency ≥ 80%) — now 98.5%
- Positive net margin — now 27.5%
- High returns on capital (ROCE ≥ 18%) — now 9.6%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 2 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 22.2%
- Conservative leverage (D/E ≤ 1.0) — now 0
- High returns on capital (ROCE ≥ 15%) — now 9.6%
- Trades below intrinsic value (margin of safety ≥ 0) — now -95.8%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 3 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- Strong liquidity (current ratio ≥ 1.5) — now 2.61
- Debt below equity (D/E ≤ 1.0) — now 0
- Financially safe (Altman Z ≥ 3) — now 5.4
- P/E ≤ 15 — now 31.24
- P/B ≤ 1.5 — now 6.94
- Graham number: P/E × P/B ≤ 22.5 — now 216.8
- A long record of stable earnings
- An uninterrupted dividend history
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Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 98.5%
- Quality: ROCE ≥ 18% — now 9.6%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 330.89B | 309.81B | 281.62B | 263.61B | — |
| Operating income | 84.27B | 82.92B | 84.05B | 57.09B | — |
| EBITDA | 135.25B | 122.39B | 116.79B | 89.50B | — |
| Net income | 91.16B | 83.64B | 76.21B | 58.28B | — |
| Operating cash flow | 109.06B | 136.43B | 82.23B | 88.30B | — |
| Capex | -25.49B | -17.57B | -17.55B | -17.81B | — |
| Free cash flow | 83.57B | 118.87B | 64.68B | 70.48B | — |
| Total assets | 1.32T | 1.06T | 780.95B | 672.04B | — |
| Total equity | 410.41B | 349.82B | 291.38B | 235.72B | — |
| Total debt | 109.70M | 11.60M | 11.00M | 26.50M | — |
| Cash & equivalents | 37.68B | 45.49B | 42.55B | 44.41B | — |