Buy Hindustan Aeronautics, target price Rs 2085: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Hindustan Aeronautics Ltd. with a target price of Rs 2085. The current market price of Hindustan Aeronautics Ltd. is Rs 2026.9.

Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 134901.95 Crore) operating in Defence sector.

Hindustan Aeronautics Ltd. key Products/Revenue Segments include Sale of services, Spares And Others, Engineering Goods, Development Projects, Miscellaneous, Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 4325.29 Crore, down -67.27 % from last quarter Total Income of Rs 13216.90 Crore and up 13.40 % from last year same quarter Total Income of Rs 3814.10 Crore. Company reported net profit after tax of Rs 810.43 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 71.64 per cent stake in the company as of 30-Sep-2023, while FIIs owned 12.63 per cent, DIIs 9.72 per cent.