Buy HAL, target price Rs 4,950: Anand Rathi

Anand Rathi has a buy call on Hindustan Aeronautics Ltd (HAL). with a target price of Rs 4950. The current market price of Hindustan Aeronautics is Rs 4618.8 Time period given by analyst is Quarter when HAL price can reach defined target. Anand Rathi recommended to keep stoploss at Rs 4200. Hindustan Aeronautics, incorporated in 1963, is a Large Cap company with a market cap of Rs 308643.01 crore operating in Defence sector.

Hindustan Aeronautics' key products/revenue segments include Sale of services, Spares And Others, Engineering Goods, Other Operating Revenue, Development Projects, Miscellaneous for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 6518.70 crore, up 28.22% from last quarter Total Income of Rs 5083.85 crore and up 6.78% from last year same quarter Total Income of Rs 6105.07 crore. The company has reported net profit after tax of Rs 1498.46 crore in the latest quarter.

The company?s top management includes Mr.C B Ananthakrishnan, Mr.E P Jayadeva, Mr.Atasi Baran Pradhan, Dr.Divya Gupta, Mr.Deepak Abasaheb Shinde, Dr.D K Sunil, Mr.T Natarajan, Mr.M Z Siddique. Company has Maharaj N R Suresh & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 67 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 71.64 per cent stake in the company as of 30-Sep-2024, while FIIs owned 11.85 per cent, DIIs 8.33 per cent.