Company Valuation: Hindustan Aeronautics Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,699 496,532 913,246 2,225,014 2,793,774 3,009,956 - -
Change - 49.24% 83.92% 143.64% 25.56% 7.74% - -
Enterprise Value (EV) 1 332,699 353,096 710,184 1,960,796 2,412,067 1,870,230 2,618,654 2,448,817
Change - 6.13% 101.13% 176.1% 23.01% -22.46% 5.73% -6.49%
P/E 10.3x 9.76x 15.7x 29.3x 33.6x 25.7x 30.7x 27x
PBR 2.17x 2.58x 3.89x 7.66x 8.02x 7.46x 6.4x 5.53x
PEG - 0.2x 1.1x 1x 3.54x 2.82x 2.2x 2x
Capitalization / Revenue 1.46x 2.02x 3.39x 7.32x 9.02x 7.05x 8.05x 6.91x
EV / Revenue 1.46x 1.43x 2.64x 6.45x 7.79x 5.65x 7x 5.62x
EV / EBITDA 6.22x 6.52x 10.7x 20.1x 25.1x 19.1x 23.8x 19.4x
EV / EBIT 7.98x 8.21x 14.6x 23.5x 29.2x 22.2x 27.7x 22.8x
EV / FCF 2.29x 3.82x 10.1x 30.3x 20.3x 22.3x 36.8x 27.6x
FCF Yield 43.6% 26.2% 9.93% 3.3% 4.93% 4.48% 2.72% 3.62%
Dividend per Share 2 15 25 20 35 23 42.51 45.15 50.97
Rate of return 3.02% 3.37% 1.46% 1.05% 0.55% 0.94% 1% 1.13%
EPS 2 48.34 76.06 86.9 113.6 124.4 135.7 146.7 166.7
Distribution rate 31% 32.9% 23% 30.8% 18.5% 32.9% 30.8% 30.6%
Net sales 1 227,546 246,202 269,278 303,808 309,809 330,898 373,899 435,797
EBITDA 1 53,469 54,128 66,630 97,389 96,216 97,683 110,094 126,148
EBIT 1 41,693 43,030 48,790 83,325 82,574 84,141 94,566 107,323
Net income 1 32,330 50,865 58,112 75,950 83,168 90,757 98,598 112,239
Net Debt 1 - -143,436 -203,062 -264,218 -381,708 -461,923 -391,301 -561,139
Reference price 2 497.48 742.45 1,365.55 3,327.00 4,177.45 4,500.70 4,500.70 4,500.70
Nbr of stocks (in thousands) 668,775 668,775 668,775 668,775 668,775 668,775 - -
Announcement Date 28/06/21 13/05/22 12/05/23 16/05/24 14/05/25 14/05/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.88x7.39x25.69x0.94% 31.26B
41.04x7.47x31.08x0.53% 362B
33.72x3.06x18.17x1.48% 261B
36.04x4.85x22.04x0.9% 151B
17.02x1.66x11.71x2.76% 117B
22.08x1.86x15.2x1.73% 99.53B
18.64x1.88x13.3x1.86% 74.08B
23.96x1.76x12.53x2.1% 71.65B
24.29x2.58x14.33x1.76% 52.54B
Average 27.97x 3.61x 18.23x 1.56% 135.58B
Weighted average by Cap. 31.76x 4.30x 21.02x 1.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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