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Alpha | HAL – Fairness Analysis DeskInsights

HAL – Largest Defence Firm

Hindustan Aeronautics Ltd. (HAL) was included as Aeronautics India Ltd on August 16, 1963. Subsequently, Hindustan Plane Ltd, an organization included in 1940, was merged with the corporate and the title of the corporate was modified to Hindustan Aeronautics Ltd (HAL) with impact from October 1, 1964.

HAL is the most important DPSU by way of the worth of manufacturing and was given Navratna standing by the Authorities of India (GoI) in June 2007.

At the moment, HAL has 20 manufacturing and 10 R&D facilities co-located with the manufacturing divisions, at 9 geographic places throughout the nation.


We consider the corporate’s deal with indigenous design & growth of defence platforms/parts would drive sooner execution of tasks within the years to come back. At CMP, the inventory trades at 12x FY24E EPS. We suggest a BUY score within the inventory with the goal worth (TP) of Rs.2085, 15x FY24E EPS. 

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