Stock Name : Hindustan Aeronautics Limited /Tips Open Buy : 888.00 Posted Date : Sep 1, 2020
Stopless/Horizon : 650/2Months Target : 1150 Results Achieved (Yes/No) :

Overview: Hindustan Aeronautics Limited operates in the Defence sector. It is state-owned aerospace and Defence Company headquartered in Bangalore, India. HAL is a Large Cap company with a market capital of Rs 33799.89 Crore.

About the company: Hindustan Aeronautics Limited was incorporated as Hindustan Aircraft Limited in 23rd December 1940 in Bangalore by Mr. Wal chand Hira chand, in association with the then Government of Mysore, with the aim of manufacturing aircraft in India. In March 1941, the Government of India became one of the shareholders in the Company and subsequently took over its management in 1942. The Government of India’s Ministry of Defence took over the administrative control of Hindustan Aircraft Limited in 1951.Meanwhile, in 1963, the Government of India in corporated Aeronautics India Limited (AIL) to undertake manufacture of aircraft.

Both, Hindustan Aircraft Limited and Aeronautics India Limited was merged to form “Hindustan Aeronautics Limited (HAL)” by an Amalgamation Order issued by the Government of India in 1st October 1964. HAL’s principal business is to design, development, manufacture, repair and overhaul of aircraft, helicopters, engines and related systems like avionics, instruments and accessories.

Hindustan Aeronautics Limited supplies the propellant tanks, feed lines, launch vehicles and structures of various satellites for ISRO. HAL has entered into 13 commercial joint ventures to grow its operations.

Management: Mr. R Madhavan is the Chairman and Managing Director of HAL.

Shareholding Pattern as on March 2020:
• Promoters (Government): 89.97
• Foreign Institutions: 0.01
• NBFC and Mutual Funds : 0.59
• Others: 0.13
• General Public: 1.21
• Financial Institutions: 8.09

On 26th of August 2020, the Government has decided to sell 15% of its equity stake at Rs 1,001 per share to raise about Rs 5,000 crore through an offer for sale (OFS).

Dividend: The company declared an equity dividend of 332.50% amounting to Rs 33.25 per share for the year ending March 2020.

Sales Report: HAL had reported a consolidated sale of Rs 10323.00 Crore for the quarter ended 31-03-2020, as against Rs 10044.44 Crore, during the corresponding period of the previous fiscal. Hindustan Aeronautics Limited reported net profit after tax of Rs 1249.63 Crore in latest quarter.

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