Capital Goods · NSE: HAL
Intrynsic's multi-model valuation estimates Hindustan Aeronautics Limited's fair value at ₹7,022 per share (range ₹2,156–₹7,723) against a market price of ₹4,725 (close of 23 Oct 2026): the estimate is 49% above the price. Estimate updated 23 October 2026. This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹4,725
close of 23 Oct 2026
Est. fair value
₹7,022
₹2,156–₹7,723
Estimate vs price
+48.6%
estimate above price
Below fair-value est.
Hindustan Aeronautics builds fighter jets, helicopters and aircraft engines for India's armed forces. Its decade-long order book reflects the government's make-in-India defence push.
FY26
FY26
FY26
FY26
Over the last 3 years, revenue grew 7.1%/yr and profit grew 16.1%/yr. Over 9 years, revenue grew 7.0%/yr and profit 14.8%/yr.
Every ₹100 of shareholder money earned ₹22.2 in profit last year, vs a sector median of 11.5%.
It holds more cash than debt.
The market price is below our estimated fair-value range (based on stated assumptions).
About ₹121 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic's multi-model valuation estimates Hindustan Aeronautics Limited's fair value at ₹7,022 per share (range ₹2,156–₹7,723), last updated 23 October 2026. This is an estimate based on stated assumptions, not investment advice.
Hindustan Aeronautics Limited trades at ₹4,725 against Intrynsic's estimated fair value of ₹7,022 - the market price is 49% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Hindustan Aeronautics Limited trades at about 34.7 times its latest annual earnings per share.
Hindustan Aeronautics builds fighter jets, helicopters and aircraft engines for India's armed forces. Its decade-long order book reflects the government's make-in-India defence push.
Intrynsic runs 3 valuation models for Hindustan Aeronautics Limited (DCF, EV/EBITDA, P/E Multiple) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions- they are not investment advice, research recommendations, or an offer to transact in any security. The models rely on assumptions (discount rates, growth, multiples) that may prove wrong and on past financials, which do not guarantee future results; prices also move on macro factors the models don't capture. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy