Capital Goods · NSE: HAL
Intrynsic's multi-model valuation estimates Hindustan Aeronautics Limited's fair value at ₹8,449 per share (range ₹2,162–₹9,773) against a market price of ₹4,573 - a gap of +84.8% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹4,573
close of 24 Jul 2026
Est. fair value
₹8,449
₹2,162–₹9,773
Gap
+84.8%
price vs estimate
Trading ~85% below our estimated fair-value range. Assumptions and per-model workings are below.
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.
Capital Goods · Industrial Manufacturing
Over the last 3 years, revenue grew 7.1%/yr and profit grew 16.1%/yr.
Every ₹100 of shareholder money earned ₹22.2 in profit last year, vs a sector median of 11.2%.
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 values Hindustan Aeronautics Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| DCFFuture Cash Flows Method | ₹2,162 | -53% | - |
| EV/EBITDAIndustry Comparison Method | ₹9,773 | +114% | - |
| P/E MultipleEarnings Multiple Method | ₹8,449 | +85% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 26.4% a year for the next decade - versus 7.7% historical revenue growth.
| Revenue | ₹33,089 Cr | |
| Net profit | ₹9,116 Cr | |
| EPS | ₹136.3 | |
| Free cash flow | ₹8,357 Cr | |
| ROE (latest) | 22.2% | |
| Revenue growth (CAGR) | 7.0% | |
| Profit growth (CAGR) | 14.8% |
Intrynsic's multi-model valuation estimates Hindustan Aeronautics Limited's fair value at ₹8,449 per share (range ₹2,162–₹9,773), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
Hindustan Aeronautics Limited trades at ₹4,573 against Intrynsic's estimated fair value of ₹8,449 - the market price is 85% 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 33.5 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. 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