NSE: HAL | BSE: 541154

Mid-range Performer

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4294.10 -8.90 (-0.21%)

40.97% Gain from 52W Low

1.0M NSE+BSE Volume

NSE 10 Dec, 2025 3:48 PM (IST)

287,178.7

Market Cap

Market Leader

Beta 1Year

Very High Volatility

Hindustan Aeronautics Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HAL, BSE:541154 Hindustan Aeronautics Ltd.

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Hindustan Aeronautics Ltd.

13 Nov 2025

4294.10

-0.21%

Provision dented performance; awaiting execution pickup

Buy: Hindustan Aeronautics Ltd.

Target

ICICI Securities Limited

Hindustan Aeronautics’ (HAL) Q2FY26 performance was impacted by higher provisioning and an upsurge in other expenditure leading to 70bps/310bps correction in EBITDA margin to 23.5% with EBITDA of INR 15.6bn (-5%/+21% YoY/QoQ).

Hindustan Aeronautics Ltd. is trading below all available SMAs

Hindustan Aeronautics Ltd.

13 Nov 2025

4294.10

-0.21%

Hindustan Aeronautics

Buy: Hindustan Aeronautics Ltd.

Target

ICICI Direct

Solid order-book underpins growth as execution accelerates About the stock: Hindustan Aeronautics (HAL), one of the largest Defence PSU in India, is engaged in design, development, manufacture, repair, overhaul, upgrade...

Number of FII/FPI investors decreased from 894 to 877 in Sep 2025 qtr

Hindustan Aeronautics Ltd.

12 Nov 2025

4294.10

-0.21%

In-line performance

Buy: Hindustan Aeronautics Ltd.

Motilal Oswal

Hindustan Aeronautics’ (HAL) 2QFY26 revenue/PAT came in line with our estimates. Lower-than-expected margins were offset by higher other income.

Hindustan Aeronautic.. has an average target of 5761.00 from 5 brokers.

Hindustan Aeronautics Ltd.

25 Sep 2025

4294.10

-0.21%

Ticking all the right boxes

Buy: Hindustan Aeronautics Ltd.

Target

Motilal Oswal

Hindustan Aeronautics (HAL) has received the follow-on order of 97 light combat aircraft (LCA) Mk1A worth INR624b from the Ministry of Defence (MoD). This is in addition to the previous order of 83 Tejas LCA Mk1A received in Jan’21.

Hindustan Aeronautic.. has an average target of 5761.00 from 5 brokers.

Hindustan Aeronautics Ltd.

13 Aug 2025

4294.10

-0.21%

In-line performance; maintains guidance of 8-10% growth, stable EBITDA margin ahead

Buy: Hindustan Aeronautics Ltd.

Target

ICICI Securities Limited

Hindustan Aeronautics Limited (HAL’s) Q1FY26 performance was broadly in line with the management guidance. EBITDA surged 29% YoY mainly on higher revenue and lower provisioning.

Hindustan Aeronautic.. has an average target of 5761.00 from 5 brokers.

Hindustan Aeronautics Ltd.

12 Aug 2025

4294.10

-0.21%

Hindustan Aeronautics (HNAL IN) Q1FY26 Result Update Strong...

Buy: Hindustan Aeronautics Ltd.

Recommendation

Prabhudas Lilladhar

Increase in the company's contribution to the Pension Scheme for Executives has led to higher employee costs. 26.6%. HAL continues to strengthen its position as a key player in India's defence and aerospace, backed by robust prospect pipeline of ~Rs1.0trn over the next few years. Ongoing investments in capacity, capability, and...

Hindustan Aeronautic.. has an average target of 5761.00 from 5 brokers.

Hindustan Aeronautics Ltd.

28 Jul 2025

4294.10

-0.21%

Accelerating to a stable flight path; Buy

Buy: Hindustan Aeronautics Ltd.

Anand Rathi

Incorporated in 1963, Hindustan Aeronautics is a public sector Defence undertaking, the only Indian company to design, develop and assemble aircraft, helicopters & aero-engines, and upgrade, maintain, repair & overhaul them.

Hindustan Aeronautic.. has an average target of 5761.00 from 5 brokers.

Hindustan Aeronautics Ltd.

18 May 2025

4294.10

-0.21%

Weak guidance against a strong order book

Buy: Hindustan Aeronautics Ltd.

Target

Motilal Oswal

HAL reported a better-than-expected FY25 performance, driven by improved margins on the back of lower provisions. The company ended the year with a robust order book of INR1.8t, clocking inflows of INR1t.

Number of FII/FPI investors decreased from 894 to 877 in Sep 2025 qtr

Hindustan Aeronautics Ltd.

18 May 2025

4294.10

-0.21%

Hindustan Aeronautics (HNAL IN) Q4FY25 Result Update Decent...

Accumulate: Hindustan Aeronautics Ltd.

Target

Prabhudas Lilladhar

The company achieved an order book of Rs1.89trn in FY25. We revise our FY26/27E EPS estimates upward by 14.5%/9.5%, accounting for the deliveries of LCA Mk1A and improved operating efficiencies. Hindustan Aeronautics (HAL) reported a 7.2% YoY decline in revenue, with EBITDA margin contracting 131bps YoY to 38.6%. During the quarter, HAL received the first GE F-404 engine, with 11 more expected by December 2025, enabling the long awaited LCA Mk1A deliveries to the IAF. Management remains confident in...

Hindustan Aeronautic.. has an average target of 5761.00 from 5 brokers.

Hindustan Aeronautics Ltd.

24 Apr 2025

4294.10

-0.21%

Well positioned!

Buy: Hindustan Aeronautics Ltd.

Motilal Oswal

Our recent interactions with industry participants and defense consultants focused on the need to put defense and aerospace projects on a fast track, the potential bidders for future tenders for MRFA, the potential impact on the overall defense budget kitty if such large deals were to go through.

Number of FII/FPI investors decreased from 894 to 877 in Sep 2025 qtr

Is Hindustan Aeronautics Ltd. worth buying?

1522 Votes:

Buy 80.16%

Sell 10.45%

Hold 9.4%

RESEARCH REPORTS

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