---
title: "Hindustan Aeronautics Ltd (HAL) — Share Price, Financials & Analysis"
symbol: "HAL"
company: "Hindustan Aeronautics Ltd"
canonical: "https://tapetide.com/stocks/HAL"
isin: "INE066F01020"
nse_symbol: "HAL"
bse_code: "541154"
sector: "Aerospace & Defense"
industry: "Engineering"
market_cap_cr: 327539.24
generated_at: "2026-09-13T20:03:10.513Z"
---

# Hindustan Aeronautics Ltd (HAL)

Canonical page: https://tapetide.com/stocks/HAL

## Company

- **NSE Symbol:** HAL
- **BSE Code:** 541154
- **ISIN:** INE066F01020
- **Sector:** Aerospace & Defense
- **Industry:** Engineering
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2018-03-28
- **CEO:** Dr. D. K. Sunil
- **Employees:** 22033
- **Face Value:** ₹5
- **F&O Eligible:** Yes
- **Website:** hal-india.co.in

## About

Hindustan Aeronautics Ltd (HAL), a 71.64% Government-owned Maharatna CPSE, designs, manufactures, upgrades and provides lifecycle MRO for aircraft, helicopters, aero-engines, avionics/accessories and aerostructures, principally for India’s armed forces.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:48:08.429471Z.

- **Market Cap:** ₹327539.24 Cr
- **Classification:** Largecap
- **P/E (reported):** 35.5
- **EPS (TTM):** ₹139.38
- **EPS (reported):** ₹113.89
- **Book Value:** ₹613.68
- **Price to Book:** 8.07
- **Dividend Yield:** 0.91%
- **ROE:** 22.21%
- **ROCE:** 13.8%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹36788 Cr
- **Net Income:** ₹9115.5 Cr
- **EBITDA:** ₹13469 Cr
- **52-Week High:** ₹5149.9
- **52-Week Low:** ₹3479.1
- **RSI (14):** 57.35

## Tapetide Score

- **Score:** 63 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Flat
- **Percentile:** 94.2 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 60.84 | 9% |
| growth | 22.02 | 9% |
| momentum | 50.86 | 12% |
| ownership | 50.27 | 24% |
| quality | 81.57 | 22% |
| valuation | 78.86 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
- Company has been maintaining a healthy dividend payout of 31.9%

### Weaknesses

- Stock is trading at 7.99 times its book value
- The company has delivered a poor sales growth of 7.78% over past five years.
- Earnings include an other income of Rs.3,897 Cr.
- Working capital days have increased from 153 days to 301 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -20.06% | 32.64% | 7.21% |
| ebitda margin growth | -60.81% | 0.91% | 1.55% | 46.62% |
| net income growth | -62.11% | 8.98% | 16% | 23% |
| revenue growth | -57.45% | 9.68% | 7% | 8% |
| roce | -61.8% | -21.1% | -43.81% | 17.95% |
| roe | -62.12% | -7.11% | 24.09% | -15.55% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5636 | 6061 | 14769 | 4348 | 5976 | 6957 | 13700 | 4819 | 6629 | 7699 | 13942 | 5515 |
| Expenses | 4108 | 4626 | 8867 | 3357 | 4336 | 5275 | 8405 | 3537 | 5071 | 5828 | 8884 | 3988 |
| Operating Profit | 1528 | 1435 | 5901 | 991 | 1640 | 1683 | 5295 | 1282 | 1558 | 1871 | 5059 | 1527 |
| OPM % | 27 | 24 | 40 | 23 | 27 | 24 | 39 | 27 | 24 | 24 | 36 | 28 |
| Other Income | 474 | 467 | 569 | 742 | 560 | 637 | 669 | 757 | 895 | 927 | 1164 | 912 |
| Interest | 0 | 0 | 31 | 0 | 0 | 0 | 8 | 0 | 0 | 1 | 4 | 0 |
| Depreciation | 350 | 212 | 644 | 149 | 178 | 277 | 736 | 185 | 226 | 310 | 634 | 304 |
| Profit before tax | 1651 | 1689 | 5795 | 1584 | 2023 | 2042 | 5219 | 1854 | 2227 | 2487 | 5584 | 2134 |
| Tax % | 25 | 25 | 26 | 9 | 25 | 30 | 24 | 25 | 25 | 25 | 25 | 26 |
| Net Profit | 1237 | 1262 | 4309 | 1437 | 1510 | 1440 | 3977 | 1384 | 1669 | 1867 | 4196 | 1590 |
| EPS in Rs | 18.49 | 18.86 | 64.43 | 21.49 | 22.59 | 21.53 | 59.46 | 20.69 | 24.96 | 27.91 | 62.74 | 23.77 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 18520 | 20008 | 21445 | 22755 | 24620 | 26927 | 30381 | 30981 | 33089 | 33785 |
| Expenses | 15071 | 15457 | 16531 | 17397 | 19205 | 20242 | 20630 | 21360 | 23301 | 23771 |
| Operating Profit | 3449 | 4551 | 4914 | 5357 | 5415 | 6686 | 9752 | 9621 | 9788 | 10014 |
| OPM % | 19 | 23 | 23 | 24 | 22 | 25 | 32 | 31 | 30 | 30 |
| Other Income | 776 | 376 | 423 | 365 | 985 | 1673 | 1923 | 2608 | 3743 | 3897 |
| Interest | 35 | 178 | 360 | 267 | 65 | 64 | 43 | 22 | 24 | 6 |
| Depreciation | 947 | 1025 | 999 | 1178 | 1111 | 1785 | 1407 | 1340 | 1355 | 1474 |
| Profit before tax | 3243 | 3725 | 3979 | 4277 | 5225 | 6510 | 10225 | 10867 | 12152 | 12432 |
| Tax % | 39 | 37 | 28 | 24 | 3 | 10 | 25 | 23 | 25 | — |
| Net Profit | 1990 | 2328 | 2883 | 3239 | 5080 | 5828 | 7621 | 8364 | 9116 | 9321 |
| EPS in Rs | 29.76 | 34.82 | 43.1 | 48.44 | 75.96 | 87.14 | 113.96 | 125.07 | 136.3 | 139.38 |
| Dividend Payout % | 54 | 28 | 39 | 31 | 26 | 32 | 31 | 32 | 33 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 362 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
| Reserves | 12198 | 9177 | 11748 | 12914 | 15078 | 18979 | 23238 | 28804 | 34647 | 40707 |
| Borrowings | 1022 | 905 | 4116 | 5927 | 51 | 49 | 52 | 50 | 51 | 66 |
| Other Liabilities | 38163 | 38047 | 35298 | 35027 | 37815 | 40892 | 45652 | 51723 | 73665 | 93288 |
| Total Liabilities | 51744 | 48463 | 51496 | 54203 | 53278 | 60254 | 69276 | 80911 | 108698 | 134395 |
| Fixed Assets | 7350 | 7566 | 7459 | 7357 | 7491 | 6766 | 6834 | 6737 | 6671 | 7293 |
| CWIP | 1389 | 1462 | 1502 | 2043 | 2078 | 2473 | 1885 | 2493 | 3098 | 3313 |
| Investments | 994 | 1010 | 910 | 991 | 1056 | 1363 | 1458 | 1591 | 1754 | 1914 |
| Other Assets | 42011 | 38425 | 41625 | 43812 | 42654 | 49653 | 59099 | 70089 | 97176 | 121875 |
| Total Assets | 51744 | 48463 | 51496 | 54203 | 53278 | 60254 | 69276 | 80911 | 108698 | 134395 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -404 | -748 | -7700 | 1527 | 15263 | 10173 | 8830 | 8223 | 13643 | 10906 |
| Cash from Investing Activity | 3012 | 597 | 5294 | -1339 | -1271 | -12785 | -5728 | -6410 | -10771 | -8337 |
| Cash from Financing Activity | -164 | -2540 | 2326 | 64 | -7125 | -1464 | -1731 | -1999 | -2579 | -3350 |
| Net Cash Flow | 2443 | -2691 | -80 | 252 | 6867 | -4076 | 1370 | -186 | 294 | -781 |
| Free Cash Flow | -1907 | -2000 | -9094 | 148 | 13947 | 8676 | 7054 | 6476 | 11890 | 8438 |
| CFO/OP | 20 | 22 | -145 | 68 | 298 | 207 | 173 | 105 | 179 | 142 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 86 | 133 | 227 | 191 | 90 | 69 | 64 | 55 | 55 | 45 |
| Inventory Days | 879 | 870 | 881 | 815 | 605 | 607 | 527 | 544 | 736 | 859 |
| Days Payable | 64 | 72 | 113 | 163 | 76 | 96 | 116 | 116 | 156 | 116 |
| Cash Conversion Cycle | 900 | 931 | 995 | 843 | 620 | 580 | 475 | 484 | 634 | 788 |
| Working Capital Days | 74 | 101 | 221 | 185 | 141 | 111 | 38 | 37 | 121 | 301 |
| ROCE % | 29 | 27 | 29 | 24 | 26 | 30 | 31 | 39 | 34 | 32 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% | 71.64% |
| FIIs | 12.63% | 12.94% | 12.42% | 11.68% | 11.85% | 12.26% | 12.08% | 11.9% | 12% | 10.86% | 10.2% | 9.34% |
| DIIs | 9.15% | 9.14% | 9.58% | 8.81% | 8.38% | 8.15% | 8.3% | 8.73% | 8.71% | 9.74% | 10.5% | 11.98% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 5.05% | 5.35% | 5.44% | 6.79% | 7.1% | 6.93% | 7.02% | 6.76% | 6.66% | 6.78% | 6.71% | 6.14% |
| Others | 1.53% | 0.94% | 0.93% | 1.08% | 1.03% | 1.02% | 0.96% | 0.97% | 0.99% | 0.98% | 0.95% | 0.9% |
| No. of Shareholders | 491969 | 619151 | 714091 | 1116200 | 1272500 | 1275630 | 1352380 | 1302820 | 1277750 | 1264060 | 1291770 | 1211980 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 7 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4875.26 | Buy |
| EMA (10) | 4910.08 | Sell |
| SMA (20) | 4917.86 | Sell |
| EMA (20) | 4886.29 | Buy |
| SMA (50) | 4744.33 | Buy |
| EMA (50) | 4764.29 | Buy |
| SMA (100) | 4570.66 | Buy |
| EMA (100) | 4615.17 | Buy |
| SMA (200) | 4389.01 | Buy |
| EMA (200) | 4495.88 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.52 | Neutral |
| MACD (12,26,9) | 41.13 | Sell |
| Stochastic (14,3,3) | 62.71 | Neutral |
| ADX (14) | 20.82 | Neutral |
| Williams %R (14) | -49.28 | Neutral |
| ATR (14) | 106.33 | Neutral |
| ROC (12) | 0.81 | Buy |
| Stoch RSI (14) | 43.45 | Neutral |
| UO (7,14,28) | 46.47 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 22 | 81.48% |
| Hold | 1 | 3.7% |
| Sell | 4 | 14.81% |

Based on 27 analyst ratings, observed at 2026-09-11T04:48:10.748974+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=953a1b69-d602-4cc5-926f-6281f3b66fb4.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b202a428-90bb-4566-a7ac-7918cd90258f.pdf) |
| 2026-09-08 | [DAC Approval For AON For Procurement Of Advanced Light Helicopters](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72000859-c2b2-45e7-8a4e-abc9f8945aa4.pdf) |
| 2026-09-04 | [Revised Policy](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc7c88d6-329f-4dd0-b867-5e77fcccf928.pdf) |
| 2026-08-31 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ef69f49-a775-4542-b235-d3db4077e846.pdf) |
| 2026-08-31 | [Disclosure Of Material Events Arising Out Of 63Rd Annual General Meeting (AGM) Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=939ea83a-b2d2-43f8-a254-af45bf204890.pdf) |
| 2026-08-28 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4be89db-7a24-44ac-91ec-d9c68d43bfc6.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=892e8a70-2884-4aec-93b4-2d46de8f09d7.pdf) |
| 2026-08-20 | [General Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91ba454c-fffc-416e-a4e0-490fcba97055.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9e4fdba-3382-46e2-bc7e-36cb89375298.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Financial Result For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce582154-326c-4adc-aa99-5fa4303b5d18.pdf) |
| 2026-05-14 | [Financial Result For The Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aff3e355-7676-4a95-831b-bf8e308c1b46.pdf) |
| 2025-11-12 | [Audited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=221ded27-a66f-4b31-b9ec-753ca4bad133.pdf) |
| 2025-08-12 | [Financial Result For The Quarter Ending 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99124a5d-708a-419d-a506-5eb62b987e12.pdf) |
| 2025-05-14 | [Financial Results For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a81171e-985f-4bcf-a708-367abec8cfef.pdf) |
| 2025-02-12 | [Financial Results For The Quarter And Period Ended 31.12.2024 And Declaration Of First Interim Dividend For The FY 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa4fe83b-ac63-47ea-947c-08d84badbcda.pdf) |
| 2024-11-14 | [Financial Results For The Period Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=153eac58-a0c4-4548-abec-fb505f62a90a.pdf) |
| 2024-08-14 | [Audited Financial Results For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65604635-8982-4c01-b0c6-86323082bd76.pdf) |
| 2024-05-16 | [Financial Results For The FY 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5876245d-6b64-4b28-989d-6e494c105561.pdf) |
| 2024-02-12 | [Audited Financial Result''s (Standalone & Consolidated) For The Quarter And Period Ended 31.12.2023, And Declaration Of 1St Interim Dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49a4cddb-82f3-4e88-a64a-180b03f628ac.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Apr - Dr. S D Premkumar resigned as HAL Independent Director on 5 April 2026 to contest Tamil Nadu elections. | [Announcement under Regulation 30 (LODR)-Resignation of Director 6 Apr - Dr. S D Premkumar resigned as HAL Independent Director on 5 April 2026 to contest Tamil Nadu elections.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1da2b6e8-40bf-4152-b842-4bd4ced66f9b.pdf) |
| 4 May - Board meeting on 14 May 2026 to consider audited Q4 and FY26 results. | [Board Meeting Intimation for Intimation Of Board Meeting Date For Considering The Audited Financial Results For The Quarter And Year Ended 31St March, 2026 4 May - Board meeting on 14 May 2026 to consider audited Q4 and FY26 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79b4fd10-6890-4bef-b512-8cd5a8d03d5d.pdf) |
| 4 May - Board meeting on 14 May 2026 to consider audited Q4 and FY26 results. | [Board Meeting Intimation for Intimation Of Board Meeting Date For Considering The Audited Financial Results For The Quarter And Year Ended 31St March, 2026 4 May - Board meeting on 14 May 2026 to consider audited Q4 and FY26 results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/79b4fd10-6890-4bef-b512-8cd5a8d03d5d.pdf) |
| 31 Mar - FY26 revenue Rs32,250cr; order book Rs2.54 lakhcr; 97 LCA order Rs62,370cr; Rs35 interim dividend. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Mar - FY26 revenue Rs32,250cr; order book Rs2.54 lakhcr; 97 LCA order Rs62,370cr; Rs35 interim dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/486f6c33-b6d6-4aa8-a326-7af010208e7f.pdf) |
| 3 Mar - MoD signed Rs 2,901 crore contract with HAL on 03-Mar-2026 for six ALH Mk-III (MR) helicopters. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 3 Mar - MoD signed Rs 2,901 crore contract with HAL on 03-Mar-2026 for six ALH Mk-III (MR) helicopters.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22c1fd14-654d-4ef3-b0c7-3305ddf76a30.pdf) |
| 28 Apr - HAL revised Risk Management and BRSR policies; updated versions on website. | [Revised Policy 28 Apr - HAL revised Risk Management and BRSR policies; updated versions on website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f1caeb1-9d91-434f-b5bc-2378b3c98e4c.pdf) |
| 28 Apr - HAL revised Risk Management and BRSR policies; updated versions on website. | [Revised Policy 28 Apr - HAL revised Risk Management and BRSR policies; updated versions on website.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f1caeb1-9d91-434f-b5bc-2378b3c98e4c.pdf) |
| 23 Feb - HAL: minor ground technical incident involving LCA Tejas on Feb 23, 2026; no crash; IAF investigating. | [News Clarification 23 Feb - HAL: minor ground technical incident involving LCA Tejas on Feb 23, 2026; no crash; IAF investigating.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cdbbd2ae-1a8b-4c2a-8a38-07816f2e18c7.pdf) |
| 18 Feb - HAL management to meet PhilipCapital institutional investors on 23 Feb 2026 in Mumbai. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Feb - HAL management to meet PhilipCapital institutional investors on 23 Feb 2026 in Mumbai.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f7d188d0-decc-46f2-9026-b9ecafd1ab06.pdf) |
| 13 Feb - HAL denies receiving official communication regarding reported 114 Rafale procurement and Dassault collaboration. | [News Clarification 13 Feb - HAL denies receiving official communication regarding reported 114 Rafale procurement and Dassault collaboration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/879b9eff-bb21-4787-bf4d-b7ea50a164be.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2022 | [Concall - Sep 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f3151c7-e5a7-4f62-bc1d-398be356ea1d.pdf) |
| Sep 2022 | [Concall - Sep 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f3151c7-e5a7-4f62-bc1d-398be356ea1d.pdf) |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53a1f5fe-d9ee-4406-b08a-9ba984496f69.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fecf3e40-6c9d-4907-9d62-fbc852c6f8fa.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fecf3e40-6c9d-4907-9d62-fbc852c6f8fa.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2c431e0-f3e2-465b-a65a-b4184afc72b9.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a5654df-9d4f-4b2b-8b6b-829c1152fadb.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a5654df-9d4f-4b2b-8b6b-829c1152fadb.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/344500e7-2fff-4cc6-a792-c4693e0340f6.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/344500e7-2fff-4cc6-a792-c4693e0340f6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3acba06e-38a8-4dd8-8524-1875087acd5b.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/425a7379-6556-41a7-8edf-41b26574a53e.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e7c2a0a-f366-4aff-8d47-0818d45fae58.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/89b72e9c-4ab7-474f-bbbc-6238b2a832ce.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541154/74651541154.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541154/71409541154.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541154/65527541154.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541154/5411540319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541154/5411540318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/HINDUSTAN_AERONAUTICS_LTD-541154-MARCH-2017.PDF) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2023-05-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2eaf8144-5607-4c00-bf0a-1d81fd5afc55.pdf) |
| 2023-05-17 | [Audio I Video Recording Of Q4FY23 Results Conference Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54d078fb-6293-4d0f-816c-ba4277d7fe49.pdf) |
| 2022-11-15 | [Audio / Video Recording Of Q2FY23 Results And Business UpdateConference Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f970dc0-2c75-40ab-aad4-50f442921c45.pdf) |
| 2022-05-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0e356af-d136-4bbc-890a-dd702339aa94.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2023-05-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9bf7532-45d1-4a0b-b9ca-8d4d0769b65c.pdf) |
| 2022-11-15 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4a31ac7-fcc8-4cae-8a8e-e94ec687ba24.pdf) |
| 2022-03-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45ed5d18-722d-4fd0-87d6-a120fbbe1cca.pdf) |
| 2021-11-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2c431e0-f3e2-465b-a65a-b4184afc72b9.pdf) |
| 2021-09-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53a1f5fe-d9ee-4406-b08a-9ba984496f69.pdf) |
| 2021-07-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5df0df2c-a5e8-4b53-9b7e-d30e8716c500.pdf) |
| 2021-06-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=127366ae-9118-4a07-a004-6eadc040630d.pdf) |

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