Stock · HAL · Defence PSU
HAL share price target 2026
Support, resistance, the F&O structure and the BazaarBaazi Crack Score for Hindustan Aeronautics Ltd, refreshed every end-of-day run. Order-book disclosures from the MoD pipeline, indigenisation pace, and execution velocity on Tejas, LCH, and the AMCA programme.
The verdict
BazaarBaazi reads HAL as cautious with a Crack Score of 42/100 as of 21 Jul 2026.
BazaarBaaziSource & method
The scanner's readScanned · scanned 31 Jul 2026
Where HAL stands on the 500-name BazaarBaazi setup scanner: technicals, filed fundamentals and money flow read together, refreshed every run.
Scanned and scored this run, but the evidence is incomplete or conflicted. The engine fails closed to NO_TRADE.
Technical axis
100/100Fundamental axis
67/100Money flow
55/100Result pulse · Q4 FY26
68/100Technical evidence
price above 50DMA
price above 150DMA
price above 200DMA
50 > 150 > 200 DMA (clean stack)
ATR contracting (volatility dry-up)
coiling 1-12% under 52w high
holding above 50DMA
above 200DMA
Red flags
above 200DMA (not a confirmed short-side trend)
Relative valuation
P/E (TTM)
34.1P/E vs sector
+0.7%Sector percentile
33PEG
6.18Scanner levels from the deterministic engine run of 2026-07-31, not a SEBI-registered recommendation and not investment advice. The fundamental axis reads the official filing: Q4 FY26 result.
Price target: support and resistanceComputed 21 Jul 2026
Support and resistance for HAL are read inside the latest show; no spot was printed in the most recent editorial note.
Levels are read inside the latest show. The most recent editorial reference is Closing Bell Flash on 21 Jul 2026.
These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the HAL chart, refreshed every end-of-day run.
The Crack Score, and how it is built42 / 100 · Range / mixed
The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for HAL, so the figure is a transparent signal rather than a vibe.
Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.
About Hindustan Aeronautics LtdBusiness profile
What HAL actually does, and the edge that holds its position.
HAL is the sole domestic gateway to India's military aircraft, the state-owned house that designs, builds and overhauls the fighters and helicopters the armed forces fly, which makes it a near-pure proxy for the indigenisation push. Its portfolio runs from the Tejas light combat aircraft in serial production for the Indian Air Force to the Advanced Light Helicopter Dhruv and the Light Utility Helicopter, and it is the primary partner assembling Sukhoi-30 MKI fighters under licence. Crucially it also owns the maintenance, repair and overhaul of the IAF, Navy and Army aviation fleets, a recurring annuity that rides on top of the lumpier manufacturing orders.
HAL's moat is a government-mandated near-monopoly on domestic military aerospace manufacturing, supported by decades of engineering capability and design-bureau knowledge in military platforms that no private entrant has yet matched at scale. The indigenisation mandate under Atmanirbhar Bharat directly expands HAL's addressable order book.
The F&O viewHorizon · 1d
How the futures and options structure on HAL reads right now.
The editorial price read on HAL is bearish. Strike-level option inventory is unavailable, so the page withholds writer, wall and pin claims. Single-stock F&O on HAL can be thinner than index F&O, so the desk weights price and filed evidence over raw OI. This is not a derivatives trade recommendation.
Why it movedLatest editorial line
The most recent BazaarBaazi read on what is driving HAL.
HAL rose 2.03%, keeping defence in the active leadership bucket.
Read in Closing Bell Flash on 21 Jul 2026. Why HAL moved, the living explainer, tracks every move on one URL.
The 2026 to 2030 pictureStructural read
What genuinely drives HAL over a multi-year horizon. A structural read, not a price forecast.
Over 2026 to 2030 HAL's order book is driven by Tejas Mk-1A series production for the IAF, the new Light Combat Helicopter programme, the IMRH (Indian Multi-Role Helicopter) development and a large pipeline of MRO contracts for the existing fleet. The pace of Tejas production ramp-up is the most-watched variable. The risk is execution delay in complex platform deliveries and the risk that imported content in licensed platforms reduces indigenisation benefit over time. WHAT BAZAARBAAZI THINKS: The order book here is a genuine multi-year revenue map and the MRO tail is a quiet annuity, which is the real beauty of the name; the risk the Crack Score cannot capture is execution, because a fat backlog only becomes cash when Tejas and the helicopter programmes actually deliver, and this sector has a long history of timelines that slip far slower than the headline order intake suggests.
What to watch:
- Tejas Mk-1A production delivery schedule versus IAF contracted timeline
- New helicopter programme (LCH, IMRH) development milestones
- Order book size and execution ratio as the revenue pipeline signal
- Engine development indigenisation progress with DRDO
- MRO contract renewals and expansion with the armed forces
Peers and how to compare4 listed names
The listed names HAL is most often read against. Compare them on the same Crack Score and levels.
Bharat Electronics (defence electronics) · BEL
Read the BEL verdict and levels
Bharat Dynamics (missiles, listed)
Listed peer in the same space
DRDO (design partner, government)
Listed peer in the same space
Boeing, Airbus (global benchmark for MRO)
Listed peer in the same space
Stored valuation readStored 2026-08-10
P/E, P/B, yield and the quality set for Hindustan Aeronautics Ltd, computed only from the stored fundamentals snapshot dated 2026-08-10. No carried market price is presented as current.
P / E
36.1x
Earnings yield
2.77%
P / B
8.03x
P / S
9.96x
EV / EBITDA
35.5x
Dividend yield
0.41%
Market cap
Rs 3.30 lakh cr
Enterprise value
Rs 2.83 lakh cr
Stored from Hindustan Aeronautics Ltd's filed results, as of 2026-08-10 and currency-checked. Price input Rs 4,928.00 from baked EOD spot. Open the calculator, move the price and watch every ratio react.
Latest filed resultsQ4 FY26
Hindustan Aeronautics Ltd's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.
Result Pulse
68 / 100Revenue
Rs 13,942 crNet profit
Rs 4,196 crEPS (quarter)
Rs 62.74| Growth | YoY | QoQ |
|---|---|---|
| Revenue | +1.8% | +81.1% |
| Net profit | +5.5% | +124.8% |
| Net margin | +30.1% | |
Figures are the Q4 FY26 result for Hindustan Aeronautics Limited, parsed straight from the official NSE integrated filing and verified to the paisa. The EPS shown is for the quarter, not a trailing-twelve-month figure, so it is not a P/E input.
Earnings history, every filed quarter32 quarters on record
Hindustan Aeronautics Ltd's official quarterly revenue, EPS and Result Pulse trail, every quarter the desk holds from the verified filings export, back to 30 Jun 2018. These are quarterly facts, not TTM valuation inputs.
HAL official result trail
32 quarters
Quarterly figures only: revenue, net profit and EPS are copied from official filings. EPS here is not trailing twelve month EPS and is not used for valuation.
| Quarter | Revenue | EPS | PAT YoY | Pulse | Source |
|---|---|---|---|---|---|
| Q4 FY26ended 31 Mar 2026 / Consolidated, audited | Rs 13,942 cr | Rs 62.74 | n/a | n/a | Filing |
| Q3 FY26ended 31 Dec 2025 / Consolidated, audited | Rs 7,699 cr | Rs 27.91 | n/a | 64/100 | Filing |
| Q2 FY26ended 30 Sep 2025 / Consolidated, audited | Rs 6,629 cr | Rs 24.96 | n/a | 64/100 | Filing |
| Q1 FY26ended 30 Jun 2025 / Consolidated, audited | Rs 4,819 cr | Rs 20.69 | n/a | 58/100 | Filing |
| Q4 FY25ended 31 Mar 2025 / Consolidated, audited | Rs 13,700 cr | Rs 59.46 | n/a | 58/100 | Filing |
| Q3 FY25ended 31 Dec 2024 / Consolidated, audited | Rs 6,957 cr | Rs 21.53 | n/a | n/a | Filing |
| Q2 FY25ended 30 Sep 2024 / Consolidated, audited | Rs 5,976 cr | Rs 22.59 | n/a | n/a | Filing |
| Q1 FY25ended 30 Jun 2024 / Consolidated, audited | Rs 4,348 cr | Rs 21.49 | n/a | n/a | Filing |
| Q4 FY24ended 31 Mar 2024 / Consolidated, audited | Rs 14,769 cr | Rs 64.43 | n/a | n/a | Filing |
| Q3 FY24ended 31 Dec 2023 / Consolidated, audited | Rs 6,061 cr | Rs 18.86 | n/a | n/a | Filing |
| Q2 FY24ended 30 Sep 2023 / Consolidated, audited | Rs 5,636 cr | Rs 18.49 | n/a | n/a | Filing |
| Q1 FY24ended 30 Jun 2023 / Consolidated, audited | Rs 3,915 cr | Rs 24.35 | n/a | n/a | Filing |
| Q4 FY23ended 31 Mar 2023 / Consolidated, audited | Rs 12,495 cr | Rs 84.67 | n/a | n/a | Filing |
| Q3 FY23ended 31 Dec 2022 / Consolidated, audited | Rs 5,666 cr | Rs 34.55 | n/a | n/a | Filing |
| Q2 FY23ended 30 Sep 2022 / Consolidated, audited | Rs 5,145 cr | Rs 36.52 | n/a | n/a | Filing |
| Q1 FY23ended 30 Jun 2022 / Consolidated, audited | Rs 3,622 cr | Rs 18.55 | n/a | n/a | Filing |
| Q4 FY22ended 31 Mar 2022 / Consolidated, audited | Rs 11,561 cr | Rs 92.86 | n/a | n/a | Filing |
| Q3 FY22ended 31 Dec 2021 / Consolidated, audited | Rs 5,892 cr | Rs 27.91 | n/a | n/a | Filing |
| Q2 FY22ended 30 Sep 2021 / Consolidated, audited | Rs 5,551 cr | Rs 25.32 | n/a | n/a | Filing |
| Q1 FY22ended 30 Jun 2021 / Consolidated, audited | Rs 1,616 cr | Rs 5.82 | n/a | n/a | Filing |
| Q4 FY21ended 31 Mar 2021 / Consolidated, audited | Rs 10,739 cr | Rs 48.50 | n/a | n/a | Filing |
| Q3 FY21ended 31 Dec 2020 / Consolidated, audited | Rs 5,425 cr | Rs 25.52 | n/a | n/a | Filing |
| Q2 FY21ended 30 Sep 2020 / Consolidated, audited | Rs 4,854 cr | Rs 18.40 | n/a | n/a | Filing |
| Q1 FY21ended 30 Jun 2020 / Consolidated, audited | Rs 1,737 cr | Rs 4.45 | n/a | n/a | Filing |
| Q4 FY20ended 31 Mar 2020 / Consolidated, audited | Rs 10,239 cr | Rs 36.66 | n/a | n/a | Filing |
| Q3 FY20ended 31 Dec 2019 / Consolidated, audited | Rs 4,456 cr | Rs 13.78 | n/a | n/a | Filing |
| Q2 FY20ended 30 Sep 2019 / Consolidated, audited | Rs 3,451 cr | Rs 18.59 | n/a | n/a | Filing |
| Q1 FY20ended 30 Jun 2019 / Consolidated, audited | Rs 3,291 cr | Rs 16.89 | n/a | n/a | Filing |
| Q4 FY19ended 31 Mar 2019 / Standalone, audited | Rs 10,045 cr | Rs 35.21 | n/a | n/a | Filing |
| Q3 FY19ended 31 Dec 2018 / Standalone, audited | Rs 4,425 cr | Rs 13.61 | n/a | n/a | Filing |
| Q2 FY19ended 30 Sep 2018 / Standalone, audited | Rs 2,610 cr | Rs 8.66 | n/a | n/a | Filing |
| Q1 FY19ended 30 Jun 2018 / Standalone, audited | Rs 2,814 cr | Rs 10.78 | n/a | n/a | Filing |
The official financialsFiled to 31 Mar 2026
Hindustan Aeronautics Ltd's statements as filed: trailing twelve month P&L, the balance sheet, and the cash engine. Parsed from official XBRL, shown in crore.
Trailing twelve months, on filed quarters
Revenue (TTM)
33,089 crNet profit (TTM)
9,116 crEBIT (TTM)
12,114 crProfit before tax (TTM)
12,108 crNet margin (TTM)
27.5%Finance costs (TTM)
5.8 crBalance sheet, as filed 2026-03-31
Total assets
1,32,415 crShareholder equity
41,045 crTotal borrowings
0.0 crCash and equivalents
3,768 crInventory
30,851 crTrade receivables
4,066 crThe cash engine, latest filed year
Operating cash flow
10,906 crCapex
1,935 crFree cash flow
8,972 crInvesting flow
-8,337 crFinancing flow
-3,350 crAnnual trail, filed year over filed year
| Year | Revenue | Net profit | Equity | Borrowings | CFO |
|---|---|---|---|---|---|
| FY26 | 33,089 cr | 9,116 cr | 41,045 cr | 0.0 cr | 10,906 cr |
| FY25 | 30,981 cr | 8,364 cr | 34,985 cr | 0.0 cr | 13,643 cr |
| FY24 | 30,381 cr | 7,621 cr | 29,142 cr | 0.0 cr | 8,223 cr |
| FY23 | 26,927 cr | 5,828 cr | 23,576 cr | 0.0 cr | 8,830 cr |
| FY22 | 24,620 cr | 5,080 cr | 19,317 cr | 0.0 cr | 10,033 cr |
| FY21 | 22,755 cr | 3,239 cr | 15,416 cr | 9.1 cr | n/a |
Every figure is parsed from Hindustan Aeronautics Ltd's official NSE XBRL filings by the BazaarBaazi earnings lab and shown in crore rupees. Display data, not a valuation model input.
Management on record8 earnings calls
Every HAL earnings call BazaarBaazi has indexed, latest 31 May 2026. Read management in its own words, straight from the filed transcript.
Hindustan Aeronautics Ltd earnings calls on record
8 calls since 30 Jun 2020
Each entry links to the transcript PDF the company filed with the exchange. Primary sources, in management's own words.
What changed34 disclosures
Every recent official filing from Hindustan Aeronautics Ltd, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.
Hindustan Aeronautics Limited has filed 34 official disclosures recently. The most recent is a Press release dated 29 Jul 2026.
Hindustan Aeronautics Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Aug-2026.
Hindustan Aeronautics Limited has informed the Exchange that Board of Directors at its meeting held on Jun 29, 2026, recommended Final Dividend of Rs. 10 per equity share.
Event Heat is withheld because the reproducible what-changed window is unavailable. Every line above links to its official exchange filing, and the full market desk is at the disclosures hub.
Key fundamentalsEditorial reference
The anchor data BazaarBaazi references when reading the HAL chart. Not a substitute for a registered research note.
| Ticker | HAL |
|---|---|
| Full name | Hindustan Aeronautics Ltd |
| Sector | Defence PSU |
| Index class | PSU |
| ISIN | INE066F01012 |
| Market-cap band | ₹3.15 lakh cr |
| Last referenced level | Inside latest show |
| Last session move | Not referenced this cycle |
| Editorial line in | Closing Bell Flash on 21 Jul 2026 |
| Aliases tracked | HAL |
Reference chart30 Sep 2025
The daily frame the desk reads on HAL.

FAQ17 reader questions · AEO-eligible
The line on HAL, distilled and schema-marked for AI Overview, Perplexity, and reader search.
What is the HAL share price target for 2026?
BazaarBaazi does not publish a SEBI-registered price target on HAL. The desk reads structural support and resistance inside each show against the printed spot; the most recent editorial line is Closing Bell Flash on 21 Jul 2026.
What is BazaarBaazi's Crack Score for HAL?
The BazaarBaazi Crack Score for HAL is 42 out of 100 as of 21 Jul 2026, a range / mixed reading. It is a computed conviction number from the signed stance, how consistent the recent verdicts have been, the quality of the printed structure, and how fresh the review is. It is a transparency signal, not investment advice.
What is the F&O view on HAL?
Legacy record dated 12 Aug 2026; provider observation time unavailable, so BazaarBaazi retains HAL's dated near-money option-inventory band but withholds the specific open-interest counts, PCR and max-pain claim until a fully reproducible, provider-timestamped snapshot is recorded. Matched inventory cannot identify who initiated either side, direction, hedging, spreads or profit. This is a carried stale snapshot; the latest refresh did not replace it.
What sector is HAL in and which peers does BazaarBaazi track?
HAL sits in Defence PSU (psu), indicative market cap ₹3.15 lakh cr, ISIN INE066F01012. The peers BazaarBaazi reads alongside it are Bharat Electronics Ltd. Order-book disclosures from the MoD pipeline, indigenisation pace, and execution velocity on Tejas, LCH, and the AMCA programme.
How often is the HAL view updated?
This page is one evergreen URL refreshed in place. The Crack Score and levels re-compute on every BazaarBaazi end-of-day run, and the dated stamp shows the last refresh. The latest signed verdict on HAL is bearish, published in Closing Bell Flash on 21 Jul 2026.
Is HAL a good long-term stock?
What drives this name is a multi-year order book converting into deliveries plus a sticky MRO revenue tail from the existing fleet, and the risk the Crack Score cannot fully capture is execution slippage, because the backlog only becomes earnings at the pace HAL can physically deliver complex platforms. The Crack Score on this page reflects the current read on execution pace and order pipeline health.
What is the HAL share price target for 2030?
The 2030 case turns on the delivery cadence of Tejas serial production, the new helicopter programmes and MRO growth, and since the binding variable is execution speed rather than demand, a fixed price target would overstate the certainty. The Crack Score gives the current structural read on order-book execution and pipeline expansion instead.
Why is HAL share price falling?
The drops that matter are about execution, namely production delays pushing out revenue recognition, while a pause in new order announcements or a defence-sector sentiment swing tends to be the more transient kind. A delivery slip is the real warning, because conversion speed is the whole thesis here.
Is HAL a qualifying setup on the BazaarBaazi scanner right now?
On the 2026-07-31 run of the 500-name BazaarBaazi setup scanner, Hindustan Aeronautics Ltd sits in the Scanned tier with a setup score of 79/100 (technical 100, fundamental 67). The scanner is a deterministic engine over real OHLCV and official filings, refreshed nightly, and it is a signal rather than investment advice.
Where can I read Hindustan Aeronautics Ltd's earnings call transcripts?
BazaarBaazi indexes 8 HAL earnings calls going back to 2020-06-30, latest 2026-05-31. Every entry on this page links straight to the transcript PDF the company filed with the exchange, so you read management in the primary source.
What was Hindustan Aeronautics Limited's Q4 FY26 net profit?
Hindustan Aeronautics Limited reported a net profit of Rs 4,196 cr for Q4 FY26 (the quarter ended 31 March 2026). That is +5.5% year on year. The figure is from the company's official NSE filing.
What was Hindustan Aeronautics Limited's Q4 FY26 revenue?
Hindustan Aeronautics Limited reported revenue of Rs 13,942 cr for Q4 FY26. That is +1.8% year on year. The figure is from the company's official NSE filing.
How does BazaarBaazi rate Hindustan Aeronautics Limited's Q4 FY26 result?
BazaarBaazi gives Hindustan Aeronautics Limited's Q4 FY26 result a Result Pulse of 68 out of 100, with a verdict of Steady. The Result Pulse is a BazaarBaazi editorial score for the quality of the filed result, not investment advice.
What has Hindustan Aeronautics Ltd announced recently?
Hindustan Aeronautics Ltd's two most material recent disclosures are a press release dated 29 Jul 2026, "General Updates", and a disclosure dated 29 Jul 2026, "change in Management". Both link to the company's own official filing on the BazaarBaazi stock page.
Has Hindustan Aeronautics Ltd declared a dividend recently?
Yes. Hindustan Aeronautics Ltd filed a dividend disclosure on 29 Jun 2026, filed as "Record date for the purpose of Dividend is 14-Aug-2026". Any amount shown is the exchange's own record, linked from the BazaarBaazi stock page. A dividend is a declared payout, not a forecast of future returns.
What did Hindustan Aeronautics Ltd's latest board meeting cover?
Hindustan Aeronautics Ltd's most recent board-meeting disclosure on record dated 29 Jun 2026 reads "Board Meeting to be held on 29-Jun-2026 to consider Dividend". That is the agenda as filed with the exchange, linked from the BazaarBaazi stock page, and BazaarBaazi adds no claim of its own to it.
Has Hindustan Aeronautics Ltd's credit rating been updated recently?
Hindustan Aeronautics Ltd filed a credit-rating disclosure on 10 Mar 2026, recorded with the exchange as "Credit Rating". The detail sits in the linked filing on the BazaarBaazi stock page. A rating action is an agency view on debt, separate from the share price.
Related stock views
The names BazaarBaazi reads alongside HAL, each a living view refreshed every end-of-day run.