BazaarBaazi

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.
Crack Score
42/ 100
Range / mixed

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.

Scanned79 /100 setup score

Scanned and scored this run, but the evidence is incomplete or conflicted. The engine fails closed to NO_TRADE.

Technical axis

100/100

Fundamental axis

67/100

Money flow

55/100

Result pulse · Q4 FY26

68/100

Technical 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)

34.1

P/E vs sector

+0.7%

Sector percentile

33

PEG

6.18

Scanner 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.

Open the full 500-name Setup Scan.

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.

Editorial stanceLatest signed stance is bearish.-16
Structure qualityNo clean spot was printed in the latest note; levels are read inside the show.0
FreshnessThe desk reviewed today.+8
Conviction horizonThe latest read is framed on a 1d horizon.0

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.

Editorial directionBearish
Horizon1d
Option evidenceWithheld: provider observation unavailable

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:

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.

Q4 FY26 · ended 31 Mar 2026Consolidated, audited · filed with NSE on 14 May 2026

Result Pulse

68 / 100

Revenue

Rs 13,942 cr

Net profit

Rs 4,196 cr

EPS (quarter)

Rs 62.74
GrowthYoYQoQ
Revenue+1.8%+81.1%
Net profit+5.5%+124.8%
Net margin+30.1%
What BazaarBaazi readsSteady
SourceOfficial NSE filing (XBRL)

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.

See every Q4 result the desk has read.

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.

QuarterRevenueEPSPAT YoYPulseSource
Q4 FY26ended 31 Mar 2026 / Consolidated, auditedRs 13,942 crRs 62.74n/an/aFiling
Q3 FY26ended 31 Dec 2025 / Consolidated, auditedRs 7,699 crRs 27.91n/a64/100Filing
Q2 FY26ended 30 Sep 2025 / Consolidated, auditedRs 6,629 crRs 24.96n/a64/100Filing
Q1 FY26ended 30 Jun 2025 / Consolidated, auditedRs 4,819 crRs 20.69n/a58/100Filing
Q4 FY25ended 31 Mar 2025 / Consolidated, auditedRs 13,700 crRs 59.46n/a58/100Filing
Q3 FY25ended 31 Dec 2024 / Consolidated, auditedRs 6,957 crRs 21.53n/an/aFiling
Q2 FY25ended 30 Sep 2024 / Consolidated, auditedRs 5,976 crRs 22.59n/an/aFiling
Q1 FY25ended 30 Jun 2024 / Consolidated, auditedRs 4,348 crRs 21.49n/an/aFiling
Q4 FY24ended 31 Mar 2024 / Consolidated, auditedRs 14,769 crRs 64.43n/an/aFiling
Q3 FY24ended 31 Dec 2023 / Consolidated, auditedRs 6,061 crRs 18.86n/an/aFiling
Q2 FY24ended 30 Sep 2023 / Consolidated, auditedRs 5,636 crRs 18.49n/an/aFiling
Q1 FY24ended 30 Jun 2023 / Consolidated, auditedRs 3,915 crRs 24.35n/an/aFiling
Q4 FY23ended 31 Mar 2023 / Consolidated, auditedRs 12,495 crRs 84.67n/an/aFiling
Q3 FY23ended 31 Dec 2022 / Consolidated, auditedRs 5,666 crRs 34.55n/an/aFiling
Q2 FY23ended 30 Sep 2022 / Consolidated, auditedRs 5,145 crRs 36.52n/an/aFiling
Q1 FY23ended 30 Jun 2022 / Consolidated, auditedRs 3,622 crRs 18.55n/an/aFiling
Q4 FY22ended 31 Mar 2022 / Consolidated, auditedRs 11,561 crRs 92.86n/an/aFiling
Q3 FY22ended 31 Dec 2021 / Consolidated, auditedRs 5,892 crRs 27.91n/an/aFiling
Q2 FY22ended 30 Sep 2021 / Consolidated, auditedRs 5,551 crRs 25.32n/an/aFiling
Q1 FY22ended 30 Jun 2021 / Consolidated, auditedRs 1,616 crRs 5.82n/an/aFiling
Q4 FY21ended 31 Mar 2021 / Consolidated, auditedRs 10,739 crRs 48.50n/an/aFiling
Q3 FY21ended 31 Dec 2020 / Consolidated, auditedRs 5,425 crRs 25.52n/an/aFiling
Q2 FY21ended 30 Sep 2020 / Consolidated, auditedRs 4,854 crRs 18.40n/an/aFiling
Q1 FY21ended 30 Jun 2020 / Consolidated, auditedRs 1,737 crRs 4.45n/an/aFiling
Q4 FY20ended 31 Mar 2020 / Consolidated, auditedRs 10,239 crRs 36.66n/an/aFiling
Q3 FY20ended 31 Dec 2019 / Consolidated, auditedRs 4,456 crRs 13.78n/an/aFiling
Q2 FY20ended 30 Sep 2019 / Consolidated, auditedRs 3,451 crRs 18.59n/an/aFiling
Q1 FY20ended 30 Jun 2019 / Consolidated, auditedRs 3,291 crRs 16.89n/an/aFiling
Q4 FY19ended 31 Mar 2019 / Standalone, auditedRs 10,045 crRs 35.21n/an/aFiling
Q3 FY19ended 31 Dec 2018 / Standalone, auditedRs 4,425 crRs 13.61n/an/aFiling
Q2 FY19ended 30 Sep 2018 / Standalone, auditedRs 2,610 crRs 8.66n/an/aFiling
Q1 FY19ended 30 Jun 2018 / Standalone, auditedRs 2,814 crRs 10.78n/an/aFiling

Open the covered-name earnings calendar.

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 cr

Net profit (TTM)

9,116 cr

EBIT (TTM)

12,114 cr

Profit before tax (TTM)

12,108 cr

Net margin (TTM)

27.5%

Finance costs (TTM)

5.8 cr

Balance sheet, as filed 2026-03-31

Total assets

1,32,415 cr

Shareholder equity

41,045 cr

Total borrowings

0.0 cr

Cash and equivalents

3,768 cr

Inventory

30,851 cr

Trade receivables

4,066 cr

The cash engine, latest filed year

Operating cash flow

10,906 cr

Capex

1,935 cr

Free cash flow

8,972 cr

Investing flow

-8,337 cr

Financing flow

-3,350 cr

Annual trail, filed year over filed year

YearRevenueNet profitEquityBorrowingsCFO
FY2633,089 cr9,116 cr41,045 cr0.0 cr10,906 cr
FY2530,981 cr8,364 cr34,985 cr0.0 cr13,643 cr
FY2430,381 cr7,621 cr29,142 cr0.0 cr8,223 cr
FY2326,927 cr5,828 cr23,576 cr0.0 cr8,830 cr
FY2224,620 cr5,080 cr19,317 cr0.0 cr10,033 cr
FY2122,755 cr3,239 cr15,416 cr9.1 crn/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

31 May 2026Quarter ended Q4FY26Transcript PDF
31 May 2025Quarter ended Q4FY25Transcript PDF
31 May 2024Quarter ended Q4FY24Transcript PDF
31 May 2023Quarter ended Q4FY23Transcript PDF
30 Nov 2022Earnings callTranscript PDF
30 Sep 2022Earnings callTranscript PDF
31 May 2022Quarter ended Q4FY22Transcript PDF
30 Jun 2020Earnings callTranscript PDF

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.

29 Jul 2026
Press releaseWatch

General Updates

Filing
29 Jul 2026
DisclosureWatch

change in Management

Filing
17 Jul 2026
Press releaseWatch

General Updates

Filing
01 Jul 2026
DisclosureWatch

change in Management

Filing
29 Jun 2026
DividendRoutine

Hindustan Aeronautics Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Aug-2026.

Filing
29 Jun 2026
DividendRoutine

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.

Filing
29 Jun 2026
Board meetingWatch

Board Meeting to be held on 29-Jun-2026 to consider Dividend

Filing
29 Jun 2026
Board meetingWatch

To consider dividend

Filing

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.

See what changed across the whole market.

Key fundamentalsEditorial reference

The anchor data BazaarBaazi references when reading the HAL chart. Not a substitute for a registered research note.

TickerHAL
Full nameHindustan Aeronautics Ltd
SectorDefence PSU
Index classPSU
ISININE066F01012
Market-cap band₹3.15 lakh cr
Last referenced levelInside latest show
Last session moveNot referenced this cycle
Editorial line inClosing Bell Flash on 21 Jul 2026
Aliases trackedHAL

Reference chart30 Sep 2025

The daily frame the desk reads on HAL.

HAL daily price chart, BazaarBaazi reference frame, 30 Sep 2025
Reference frame, 30 Sep 2025. Levels are read inside the latest show.

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

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