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Hindustan Aeronautics Ltd., the largest defence public sector undertaking in India, 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.
Key triggers for future price performance:
Increasing capital outlay in defence with indigenisation has been the focus area of government considering requirement of armed forces of faster procurement of modern equipment.
HAL caters to a large spectrum of aerospace business, which includes design, development, manufacturing and maintenance, repair and overhaul of different types of aircraft/helicopters and engines.
Healthy order-book position at Rs 82,153 crore (~3.3 times FY22 revenues), of which manufacturing segment order backlog is at Rs 61,564 crore (75% of total order book) led by large scale orders of light combat aircraft, light combat helicopter and advanced light helicopter.
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