Hindustan Aeronautics Ltd (HAL), a Navratna' enterprise, engaged in the design, manufacture, overhaul, upgrade and servicing of a wide range of products including aircrafts, helicopters, aero-engines, avionics and aerospace structures. HAL derives ~93% of sales from Indian Defence Services and export its products and services, primarily spares to more than 13 countries. The company's operations are spread over 20 production divisions and 11 R&D; centres. HAL's Revenue and PAT registered CAGR of 7% and 62% respectively over FY15-17. Robust...

IPO NOTE

HAL, the “Navratna” company is a leader in the Indian defence and aviation markets, currently owned 2 trademarks, 7 patents, 11 design registrations and 77 copyrights as of December 31, 2017, plans to double manufacturing line for LCA to 16 per year from the current eight. Further, company have a strong balance sheet, nil borrowings which will help to make investments required for growth plan, including investments in R & D going forward. In addition, strong financial ratios and credit ratings currently enable to have ready access to domestic and international credit markets. Orders to manufacture 40LCA, & the completion of Sukhoi orders will bring in revenue going ahead. The government’s decision to go ahead with LCA for single engine fighter jets requirement will also help the company. Moreover, taking into consideration, the current market opportunities in defense and Government of India’s initiative, ‘Make in India’ aims to boost the nation’s manufacturing sector as well as to create market globally . we recommend to SUBSCRIBE the IPO for long term listing benefits.

Hindustan Aeronautics Limited (HAL) is the largest Defence Public Sector Undertakings (DPSU) in terms of value of production. HAL is engaged in design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including Aircraft, Helicopters, Aero-Engines, Avionics, Accessories and Aerospace Structures. HAL relies on indigenous R&D; as well as on technology transfer and license agreements to manufacture their products. HAL has a sustained track record of profitability and has paid dividends...

for maintenance, repair and overhaul for these indigenous and licence manufactured aircraft and helicopters, as well as for aircraft and helicopters procured directly by the Indian Defence Services, Mirage 2000, MiG-29 aircrafts (the Indian Air Force procured from third parties) and An-32 aircraft along with the associated engines, accessories and avionics. Most of its Divisions and R&D; Centres comply with quality management system accreditations including international standards such as the AS9100C, ISO9001:2008 and...

Hindustan Aeronautics Limited (HAL) is the largest defence public sector undertakings (DPSU) in terms of value of production in FY2017. HAL is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft, helicopters, aero-engines, avionics, accessories and aerospa..

Hindustan Aeronautics Ltd. (HAL) has been conferred with the "Navratna" status by the GoI in June 2007 and is the largest Defence Public Sector Undertakings (DPSU) in terms of value of production according to the MoD Annual Report 2016-2017. HAL is the 39th largest Aerospace Company in the world in terms of revenue (in USD million) in 2016 according to Flight International. HAL is engaged in the design, development, manufacture, repair, overhaul,...

Hindustan Aeronautics Ltd. (HAL) conferred with the "Navratna" status by the Government of India (GoI) is the largest defence PSU in India in terms of value of production....

Incorporated in 1963, Hindustan Aeronautics Limited (HAL) is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. It is a NAVRATNA company and largest Defense Public Sector Undertaking (DPSU) in terms of value of production and 39th largest aerospace company in the world in terms of revenue. Its operations are operated in five complexes, which includes 20 production divisions and 11 research and design centers (R&D; centers) located across India. It relies on strong indigenous research, technology transfers and license agreements to deliver products and services that fulfill customer requirements. To achieve self reliance and become a significant global player in the aerospace industry, HAL has entered into 13 commercial joint ventures with several global companies. The order book of company stands at Rs. 633.3 billion, which includes products and services to be manufactured and delivered and excludes anticipated revenues...

Hindustan Aeronautics Ltd. (HAL) incorporated in 1963 is Bengaluru based wholly-owned Government of India (GoI) Company under the administrative control of the Ministry of Defence (MoD). HAL is one of the Navratna' company since June 2007 and the largest Defence Public Sector Undertakings (DPSU) in terms of value of production as per MoD report, primarily involved in the operations of the aerospace industry. It is engaged in the Design, Development, Manufacture, Repair, Overhaul, Upgrade and Servicing of a wide range of products...

Hindustan Aeronautics (HAL) is the largest defence public sector unit (DPSU) of India & 39th largest aerospace company globally. HAL manufactures a wide range of products for military & civil use, including aircraft, helicopters, engines, avionics & other accessories. It also provides product servicing, repair, overhaul and upgrade services to its customers, primarily the Indian defence forces. HAL's operations are organised into five major complexes, Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex & Design Complex. This together includes...