HAL Share Price Target 2024-2030 Fundamentals & Quarterly Results

HAL Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –An Indian company called Hindustan Aeronautics Limited headquarter in Bangalore is the one responsible for aerospace and defense sector aircraft designing and manufacturing. Such aircraft include fighter jets, helicopters, jet engines, as well as marine gas turbine engines, avionics, software development, spare supply among others which pertain to overhauling and upgradation of aircraft.

Latest Update – HAL declared its consolidated net profit at Rs 1,437 crore for the first quarter ending on June 2024 which shows an increase of 77 % as compared to Rs 814 crore reported in the corresponding quarter in previous year.

HAL Overview

Hindustan Aeronautics is in the business of making aircraft and helicopters, as well as plane and chopper repair and maintenance.

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HAL Business Profile

HAL provides airplane, helicopter and engine aircraft accessories, as well as aerospace equipment, modern instruments for communication and navigation. The company caters to needs of the Defense Research and Development Organization, Indian Navy, Indian Coast Guard, Indian Space Research Organization and Mauritius Police Force, Boeing, the Indian Army and also Airbus Industries.

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In India’s defence program, HAL occupies a prominent position since it is the only Indian company that specializes in aircraft production and offers maintenance services for them. The MoD is the primary source of contracts for this company, with the company depending on them to sustain its operations, while export revenues account for one percent of total revenues.

Research and Development

The company spends approximately 6% to 7% of its total revenues on research and development each year, having raised R&D reserves last year to 15% of Profit is After Tax (PAT) from 10%. The aim is to have enough in the Reserve for R & D work.

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Order Book

HAL has produced 12 aircraft models, with 14 more models under license from USA, UK, and Russia. It also manufactures satellite launch vehicles for the Indian Space Research Organization, as well as exporting its components and systems to 30 countries. There stood an order book worth Rs. 94,000 crore in FY24 with projections of more major orders during FY 2024-25.

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Significant Developments

HAL and Safran signed a Memorandum of Understanding (MoU) to establish a joint venture dedicated to the development, manufacture, sale, and support of helicopter engines In 4 March 2022, HAL entered into another MoU with Israel Aerospace Industries (IAI) for the conversion of civil passenger aircraft into multi-mission tanker aircraft.

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The very first batch of ‘Ring Forgings’ for GE Aviation’s LEAP engine programme was provided by HAL. The LEAP provides propulsion for the Airbus A320 neo family and the Boeing 737 MAX which is the world’s most manufactured airplane.

HAL Fundamentals & Quarterly Results

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HAL Quarterly Results

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CAGR Report

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HAL Shareholding Pattern

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HAL Share Price Target 2024-2030 Forecast

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HAL Share Price Target 2025

HAL Share Price Target 2026

HAL Share Price Target 2027

HAL Share Price Target 2028

HAL Share Price Target 2029

HAL Share Price Target 2030

Official Website –hal-india.co.in