Hindustan Aeronautics Ltd
NSE:HAL
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Intrinsic Value
The intrinsic value of 
Hindustan Aeronautics Ltd (HAL) under the Base Case is 3 956.9 INR per share.
Compared with the current market price of 4 843.4 INR, the stock appears
Overvalued by 18% .
The intrinsic value is calculated using valuation multiples.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Hindustan Aeronautics Does
Hindustan Aeronautics Ltd. is India’s main state-owned aerospace and defense manufacturer. It designs, builds, and upgrades military aircraft, helicopters, engines, avionics, and related parts, and it also repairs and maintains equipment after delivery. Its core customers are the Indian Air Force, Navy, Army, other government defense users, and a smaller set of export buyers.
- Headquarters
- India IN
- Employees
- 22 033
- IPO date
- Mar 28, 2018
Hindustan Aeronautics has a wide economic moat
Aircraft designs and manufacturing licenses make HAL difficult to replace on the military aircraft and helicopter programs it supplies. Its role in repairs, spare parts and upgrades also makes changing suppliers costly and disruptive for India's armed forces.
Read the full moat analysis
Revenue & Expenses Breakdown
Hindustan Aeronautics Ltd
Earnings Waterfall
Hindustan Aeronautics Ltd
What is the Intrinsic Value of one HAL stock?
The intrinsic value for Hindustan Aeronautics Ltd (HAL) under the Base Case is 3 956.9 INR.
Is HAL stock undervalued or overvalued?
Compared with the current market price of 4 843.4 INR, the stock appears Overvalued by 18% .
