# HAL (HAL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/hal

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹4,860.1
- Change: +1.51%
- As of: 2026-09-18
- 1D return: +0.26%
- 5D return: -3.02%
- 1M return: -3.96%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹4800.3, with a mixed technical stance across timeframes. The daily timeframe shows conflicting signals, with the price below the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), but above the 50-day SMA and 200-day SMA, indicating a lack of clear short-term direction. The weekly timeframe presents a more constructive picture, with the price above its 20-day and 50-day EMAs and SMAs, and the Supertrend indicator suggesting a bullish trend. However, the monthly timeframe shows the price below the Supertrend, signaling a bearish trend on the longer term. Recent patterns include a Doji and Inside Bar on the monthly chart, and a Bearish Engulfing Reversal and Evening Star on the weekly chart, suggesting potential for indecision or a shift in momentum.

The nearest support level is observed at ₹4758.0, approximately 0.88% below the current price, followed by ₹4717.0. Resistance is noted at ₹4829.0, about 0.6% above the current price, with further levels at ₹4870.0 and ₹4941.0. The stock has experienced some anomalies, including a high-severity wide intraday range on September 15, 2026, and volume with price moves on September 8, 2026. The annualized volatility stands at 31%, with a current drawdown of -6% and a maximum drawdown of -32%, indicating elevated risk.

Key watch conditions include monitoring the price action around the ₹4829.0 resistance level and the ₹4758.0 support level. A sustained move above ₹4829.0 could strengthen the weekly bullish trend, while a break below ₹4758.0 might signal further weakness, especially considering the bearish signals on the monthly chart. The formation of Doji and Inside Bar patterns on the monthly chart warrants attention for potential trend continuation or reversal.

- Current price as of September 18, 2026: ₹4800.3.
- Nearest support level: ₹4758.0 (approx. 0.88% below current price).
- Nearest resistance level: ₹4829.0 (approx. 0.6% above current price).
- Weekly timeframe shows a bullish trend (price above EMAs/SMAs, Supertrend bullish).
- Monthly timeframe shows a bearish trend (price below Supertrend).
- Annualized volatility is 31%; current drawdown is -6%.

- Doji
- Inside Bar
- Bearish Engulfing Reversal
- Evening Star
- Outside Bar

### News Context

Hindustan Aeronautics Limited (HAL) reported multiple significant operational milestones on September 18, 2026. The company announced the delivery of the first Dhruv Next Generation (NG) helicopters to Pawan Hans Limited, marking a notable step in the civil aviation sector. Additionally, HAL confirmed the completion of its original Tejas order and provided an update on the Tejas Mk1A program, stating that 27 airframes are ready, with a few outstanding issues expected to be resolved soon. The company also indicated that deliveries of Tejas Trainers, HTT-40 Basic Trainer Aircraft, and Dhruv NG helicopters to the Indian Air Force and Pawan Hans Limited were scheduled for the same day, with the Defence Minister in attendance. HAL's Chairman and Managing Director, Ravi K, highlighted these events as significant achievements for the organization.

- On September 18, 2026, HAL delivered the first Dhruv NG helicopters to Pawan Hans Limited, a milestone for civil aviation, according to HAL CMD Ravi K.
- HAL has completed its original Tejas order, as reported on September 18, 2026.
- As of September 18, 2026, 27 airframes for the Tejas Mk1A jets are ready, with HAL CMD Ravi K indicating that remaining issues are expected to be resolved soon and deliveries are anticipated within the year.
- On September 18, 2026, HAL was set to hand over Tejas Trainers, HTT-40 aircraft, and Dhruv NG helicopters to the Indian Air Force and Pawan Hans Limited, with Defence Minister Rajnath Singh attending the event.

- Delivery of first Dhruv NG helicopters to Pawan Hans a big milestone, says HAL CMD as PSU approaches states for civil aviation push - The Times of India
- HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
- 27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India
- HAL to hand over Tejas Trainers, HTT-40s & Dhruv NG Helicopters to IAF; Defence Minister Rajnath Singh to attend
- Tejas Mk1A delivery delayed despite 27 airframes ready, HAL CMD explains why

### What Changed

Hindustan Aeronautics (HAL) has recently achieved several milestones, including the delivery of the first Dhruv NG helicopters to Pawan Hans on September 18, 2026, marking a significant step in the company's push into civil aviation. On the same day, HAL also prepared 27 airframes for the Tejas Mk1A jets, although the delivery of the first batch to the Indian Air Force (IAF) is pending the resolution of 1-2 system issues, including AESA radar and missile integration. The company anticipates completing these deliveries within the current year. Additionally, HAL is set to hand over Tejas Trainers, HTT-40s, and Dhruv NG Helicopters to the IAF and Pawan Hans Limited, respectively. The company's stock saw a slight increase, closing at ₹4800.3 on September 18, 2026, up from ₹4788.0 on the previous day.

- On September 18, 2026, HAL delivered the first Dhruv NG helicopters to Pawan Hans.
- As of September 18, 2026, 27 airframes for Tejas Mk1A jets are ready, with deliveries expected within the year pending system resolutions.
- HAL is scheduled to hand over Tejas Trainers, HTT-40s, and Dhruv NG Helicopters to the IAF and Pawan Hans.
- HAL's stock closed at ₹4800.3 on September 18, 2026, a marginal increase from ₹4788.0 previously.

- Delivery of first Dhruv NG helicopters to Pawan Hans a big milestone, says HAL CMD as PSU approaches states for civil aviation push - The Times of India
- HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
- 27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India
- HAL to hand over Tejas Trainers, HTT-40s & Dhruv NG Helicopters to IAF; Defence Minister Rajnath Singh to attend
- Tejas Mk1A delivery delayed despite 27 airframes ready, HAL CMD explains why

### Official Filings

Hindustan Aeronautics Limited (HAL) has seen significant developments in its leadership and strategic partnerships. On September 9, 2026, Dr. Nikhil Agarwal was appointed as a Non-Executive Independent Director for a term of 36 months, a move confirmed by the company on September 10, 2026. This appointment is subject to shareholder approval. Additionally, HAL has appointed B K Ramadhyani & Co. LLP as its new statutory auditor for a 12-month term, effective August 28, 2026, replacing Gupta Nayar & Co. This auditor change was disclosed on September 9, 2026, and further detailed on September 8, 2026, following selection by the Comptroller and Auditor General of India.

Strategically, HAL, along with Safran Helicopter Engines, signed a final contract on August 26, 2026, with their joint venture SAFHAL. This agreement focuses on the development and production of the 'Aravalli' engine, a high-power helicopter engine intended for HAL's upcoming Indian Multi-Role Helicopter (IMRH) and its naval variants. Furthermore, on September 7, 2026, the Defence Acquisition Council granted Acceptance of Necessity (AoN) for the procurement of Advanced Light Helicopters (ALH) for the Indian Army and Indian Air Force, among other defense capital acquisitions valued at approximately ₹1,10,000 crore. HAL disclosed this on September 8, 2026, noting that approximately 98% of these procurements are expected to come from the Indian industry.

Shareholders approved key resolutions at the 63rd Annual General Meeting held on August 28, 2026. These included the appointment of Shri Ravi K as Chairman & Managing Director and the declaration of a final dividend of ₹10 per equity share for the financial year 2025-26, in addition to an interim dividend of ₹35 per share. The company also revised its Corporate Social Responsibility Policy on September 4, 2026.

- Dr. Nikhil Agarwal appointed Non-Executive Independent Director effective September 9, 2026, for a 36-month term.
- B K Ramadhyani & Co. LLP appointed as statutory auditor for the fiscal year 2026-27, effective August 28, 2026.
- HAL and Safran Helicopter Engines signed a final contract on August 26, 2026, for the development and production of the 'Aravalli' helicopter engine.
- Defence Acquisition Council granted AoN on September 7, 2026, for procurement of Advanced Light Helicopters (ALH) and other defense capital acquisitions worth approximately ₹1,10,000 crore.
- At the August 28, 2026, AGM, shareholders approved the appointment of Shri Ravi K as Chairman & Managing Director and a final dividend of ₹10 per equity share for FY 2025-26.

- HINDUSTAN AERONAUTICS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Hindustan Aeronautics Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- HINDUSTAN AERONAUTICS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Hindustan Aeronautics Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Hindustan Aeronautics Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- Hindustan Aeronautics Limited has informed the Exchange regarding 'Revised Policy'. |SUBJECT: Updates
- Hindustan Aeronautics Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Hindustan Aeronautics Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Hindustan Aeronautics Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026 |SUBJECT: Shareholders meeting
- Hindustan Aeronautics Limited has informed the Exchange regarding a press release dated August 26, 2026, titled "HAL and SafranHelicopter Engines sign final contract with SAFHAL, launchingdevelopment and production of the Aravalli engine". |SUBJECT: Press Release

### Fundamentals

Hindustan Aeronautics (HAL) reported its financial results for the periods ending Q3 FY2025-26, Q4 FY2025-26, and Q1 FY2026-27. Revenue from operations showed variability, with ₹7,698.80 crore in Q3 FY2025-26, increasing to ₹13,942.40 crore in Q4 FY2025-26, and then decreasing to ₹5,515.17 crore in Q1 FY2026-27. Expenses followed a similar pattern, reported at ₹6,138.57 crore (Q3 FY2025-26), ₹9,522.36 crore (Q4 FY2025-26), and ₹4,292.69 crore (Q1 FY2026-27). Profit Before Tax was ₹2,474.03 crore in Q3 FY2025-26, ₹5,570.61 crore in Q4 FY2025-26, and ₹2,122.72 crore in Q1 FY2026-27. Consequently, Profit Loss For Period stood at ₹1,866.66 crore (Q3 FY2025-26), ₹4,196.04 crore (Q4 FY2025-26), and ₹1,589.66 crore (Q1 FY2026-27). Tax Expense for these periods was ₹620.15 crore, ₹1,387.79 crore, and ₹544.67 crore, respectively. The Paid Up Value Of Equity Share Capital remained constant at ₹334.39 crore across all three reported quarters.

- Revenue from operations was ₹7,698.80 crore in Q3 FY2025-26, ₹13,942.40 crore in Q4 FY2025-26, and ₹5,515.17 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹1,866.66 crore in Q3 FY2025-26, ₹4,196.04 crore in Q4 FY2025-26, and ₹1,589.66 crore in Q1 FY2026-27.
- Tax Expense amounted to ₹620.15 crore (Q3 FY2025-26), ₹1,387.79 crore (Q4 FY2025-26), and ₹544.67 crore (Q1 FY2026-27).
- Paid Up Value Of Equity Share Capital remained stable at ₹334.39 crore from Q3 FY2025-26 through Q1 FY2026-27.

### Bull Case

Hindustan Aeronautics Limited (HAL) has achieved several operational milestones, including the delivery of the first Dhruv NG helicopters to Pawan Hans and the completion of its original Tejas order. The company has also prepared 27 airframes for the Tejas Mk1A jets, with deliveries expected to be completed within the year, pending resolution of specific system integration issues. Furthermore, HAL is set to hand over Tejas Trainers, HTT-40s, and Dhruv NG Helicopters to the Indian Air Force and Pawan Hans Limited, respectively. Technically, the weekly trend shows a bullish signal with the Supertrend indicator at 4353.81, while the daily trend exhibits mixed signals with the Supertrend in a bearish direction at 5023.75.

- On September 18, HAL marked a milestone with the delivery of the first Dhruv NG helicopters to Pawan Hans.
- The company has completed its original Tejas order and has 27 Tejas Mk1A airframes ready, with deliveries anticipated to conclude within the current year.
- HAL is preparing to hand over Tejas Trainers, HTT-40 Basic Trainer Aircraft, and Dhruv NG helicopters to the Indian Air Force and Pawan Hans Limited.
- The weekly technical trend indicates a bullish signal, with the Supertrend indicator at ₹4353.81.

- Delivery of first Dhruv NG helicopters to Pawan Hans a big milestone, says HAL CMD as PSU approaches states for civil aviation push - The Times of India
- HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
- 27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India
- HAL to hand over Tejas Trainers, HTT-40s & Dhruv NG Helicopters to IAF; Defence Minister Rajnath Singh to attend
- Tejas Mk1A delivery delayed despite 27 airframes ready, HAL CMD explains why

### Bear Case

The company's stock is currently trading below key moving averages, with the daily exponential moving average (EMA) at ₹4841.27 and the simple moving average (SMA) at ₹4858.16, while the closing price is ₹4800.3. The daily supertrend indicator is also in a bearish direction at ₹5023.75. On a monthly basis, the supertrend direction remains bearish at ₹5659.49, with the closing price below both the EMA (₹4382.15) and SMA (₹4405.67) for the 20-day period. The stock has experienced a drawdown of -6% from its recent peak, with a maximum drawdown of -32% observed historically. While recent news highlights milestones like the delivery of Dhruv NG helicopters and the completion of the original Tejas order, it also indicates delays in Tejas Mk1A deliveries due to unresolved system testing, including radar and missile integration, with the company aiming for deliveries within the current year.

- The daily supertrend indicator is in a bearish direction at ₹5023.75 as of 2026-09-18.
- The monthly supertrend direction is also bearish at ₹5659.49.
- The stock's closing price of ₹4800.3 on 2026-09-18 is below its 20-day EMA of ₹4841.27 and 20-day SMA of ₹4858.16.
- Delivery of Tejas Mk1A jets is reportedly delayed pending resolution of system testing, including AESA radar and missile integration.

- Delivery of first Dhruv NG helicopters to Pawan Hans a big milestone, says HAL CMD as PSU approaches states for civil aviation push - The Times of India
- HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
- 27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India
- HAL to hand over Tejas Trainers, HTT-40s & Dhruv NG Helicopters to IAF; Defence Minister Rajnath Singh to attend
- Tejas Mk1A delivery delayed despite 27 airframes ready, HAL CMD explains why

### FAQs

**What recent deliveries and production milestones has Hindustan Aeronautics Limited (HAL) achieved?**

HAL has achieved several milestones recently. On September 18, 2026, the company marked the delivery of the first Dhruv NG helicopters to Pawan Hans Limited. Additionally, HAL has completed its original order for Tejas Mk1 jets. As of Thursday, September 17, 2026, 27 airframes for the Tejas Mk1A jets were ready, though 1-2 issues were still being resolved before delivery. The company also prepared to hand over Tejas Trainers and HTT-40 Basic Trainer Aircraft to the Indian Air Force (IAF).

**What are the key technical indicators for HAL as of September 18, 2026?**

As of September 18, 2026, HAL's daily trend indicators show a closing price of ₹4800.3. The Exponential Moving Average (EMA) for 20 days is ₹4841.27, and the Simple Moving Average (SMA) for 20 days is ₹4858.16, both above the closing price. The Supertrend indicator is set at ₹5023.75, with a 'bearish' direction. On a weekly basis, the Supertrend is ₹4353.81, indicating a 'bullish' direction, with the closing price above the EMA 20 (₹4643.4) and SMA 20 (₹4602.56).

**What recent corporate governance changes has HAL announced?**

HAL has announced changes in its board and auditors. On September 10, 2026, Dr. Nikhil Agarwal was appointed as a Non-Executive Independent Director for a term of 36 months, effective September 9, 2026. The company also appointed B K Ramadhyani & Co. LLP as its new statutory auditor for a 12-month term, effective August 28, 2026, replacing Gupta Nayar & Co.

**What is HAL's recent performance and risk profile?**

HAL's recent performance shows a 1-month return of -6% and a 6-month return of 21%. Year-to-date, the return is 9%. The company's annualized volatility is 31%, with a current drawdown of -6%. The maximum drawdown experienced was -32%.

- Delivery of first Dhruv NG helicopters to Pawan Hans a big milestone, says HAL CMD as PSU approaches states for civil aviation push - The Times of India
- HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
- 27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India
- HAL to hand over Tejas Trainers, HTT-40s & Dhruv NG Helicopters to IAF; Defence Minister Rajnath Singh to attend
- Tejas Mk1A delivery delayed despite 27 airframes ready, HAL CMD explains why
- HINDUSTAN AERONAUTICS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Hindustan Aeronautics Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- HINDUSTAN AERONAUTICS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Hindustan Aeronautics Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Hindustan Aeronautics Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹4,758
- Risk regime: Price Risk Currently Contained

### Support levels
- 4687.60625
- 4297.143749999999
- 4125.65

### Resistance levels
- 5111.478125
- 4829
- 4870

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.26% |
| return_10 | +0.73% |
| return_1m | -5.86% |
| return_1y | -1.16% |
| return_20 | -3.96% |
| return_3m | +8.81% |
| return_5 | -3.02% |
| return_6m | +21.17% |
| return_since_start | +15.11% |
| return_ytd | +9.15% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -31.99% |
| annualized_volatility | +31.27% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue and Profit Rise 14–15% Year Over Year

Hindustan Aeronautics Limited reported results for the quarter ended June 30, 2026, showing first-quarter revenue of ₹5,515.17 crore, up 14.45% from the same quarter last year. Profit before tax increased 15.11% to ₹2,122.72 crore, and net profit grew 14.88% to ₹1,589.66 crore. Pre-tax and net profit margins saw minimal change, while other comprehensive income moved from a gain to a loss.

## Revenue and Expenses

Revenue from operations rose to ₹5,515.17 crore in the first quarter of FY2026-27, compared with ₹4,819.01 crore in the corresponding period last year. Total expenses also expanded, rising 15.33% year over year to ₹4,292.69 crore from ₹3,722.07 crore. Expense growth slightly outpaced revenue growth, though the difference was narrow.

On a sequential basis, revenue declined from ₹13,942.40 crore in the fourth quarter of the previous fiscal year. This follows the pattern seen in FY2025-26, where the first quarter recorded the lowest revenue of the year (₹4,819.01 crore), followed by increases in subsequent quarters and a peak in the fourth quarter (₹13,942.40 crore). The current quarter’s revenue remains higher than the prior year’s first quarter, reflecting continued business expansion.

## Profitability and Tax

Profit before tax reached ₹2,122.72 crore, up 15.11% from ₹1,844.03 crore a year ago. The pre-tax profit margin edged up from 38.27% to 38.49%. Net profit for the period increased to ₹1,589.66 crore, up 14.88% from ₹1,383.77 crore, with the net profit margin moving from 28.72% to 28.82%.

Tax expense rose 15.75% year over year, from ₹470.54 crore to ₹544.67 crore. The effective tax rate was 25.66% in the current quarter, compared with 25.52% in the year-ago quarter.

The sequential drop in profit from the fourth quarter (when profit before tax was ₹5,570.61 crore) aligns with the seasonal revenue pattern observed in the prior fiscal year.

## Other Comprehensive Income and Capital

Other comprehensive income shifted from a gain of ₹25.07 crore in the year-ago quarter to a loss of ₹110.64 crore, representing a negative swing of ₹135.71 crore. This movement reduces total comprehensive income for the period but does not impact reported net profit.

The paid-up value of equity share capital remained constant at ₹334.39 crore throughout the quarter, indicating no new equity issuance or dilution during the period.

## Key Takeaway

Hindustan Aeronautics Limited posted year-over-year growth of roughly 14–15% across revenue, profit before tax, and net profit in the first quarter of FY2026-27, with pre-tax and net profit margins seeing minimal change. The sequential decline from the fourth quarter is consistent with the company’s historical quarterly revenue distribution, which typically peaks late in the fiscal year. A swing in other comprehensive income to a loss lowered total comprehensive earnings but left reported net profit unchanged. The quarter reflects continued top-line expansion relative to the prior year.

### Ratios

## Official filings

- 2026-09-10 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15998_WebXMLFile_20260910_174348230.xml)
- 2026-09-10 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_10092026174050_changeindirector_signed.pdf)
- 2026-09-09 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15998_WebXMLFile_20260909_124700333.xml)
- 2026-09-08 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_08092026150304_AON_ALH_08092026.pdf)
- 2026-09-08 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_08092026150146_appointmentstatutoryAuditors.pdf)
- 2026-09-04 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_04092026133636_RevisedPolicy_04092026.pdf)
- 2026-08-31 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_31082026182352_Voitngresultandscrutinizerreport.pdf)
- 2026-08-31 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_31082026182838_Disclosureofmaterialevents.pdf)
- 2026-08-28 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_28082026172950_Proceedings.pdf)
- 2026-08-26 — Press Release: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_26082026111035_Mediarelease_26082026.pdf)
- 2026-08-12 — Generic Announcement: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_12082026140538_FR_30062026.pdf)
- 2026-08-05 — Official Filing: Hindustan Aeronautics Limited will hold its 63rd Annual General Meeting on Friday, August 28, 2026, at 15:30 IST in Bangalore, conducted via Video Conference or Other Audio-Visual Means. The agenda includes adopting financial statements for the fiscal year ending March 31, 2026, confirming an interim dividend of Rs. 35 per share, declaring a final dividend of Rs. 10 per share for FY 2025-26, appointing directors Dr. Barenya Senapati and Shri M G Balasubrahmanya, authorizing the board to fix statutory auditor remuneration for FY 2026-27, ratifying the remuneration of Cost Auditor M/s Murthy & Co, LLP at Rs. 1,50,000 excluding tax for FY 2026-27, and appointing Shri Ravi K as Chairman & Managing Director from May 1, 2026, to June 30, 2029.
- 2026-08-05 — Generic Announcement: Hindustan Aeronautics Ltd. will hold its 63rd Annual General Meeting on August 28, 2026, at 15:30 hours. A newspaper advertisement regarding the meeting, e-voting, and record date for final dividend was published on August 5, 2026, in "The Economic Times", "Vijaya Karnataka", "Rajasthan Patrika", and "Dainik Bhaskar". — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_05082026115142_Advertisement_63AGM.pdf)
- 2026-08-04 — Generic Announcement: Hindustan Aeronautics Ltd. will hold its 63rd Annual General Meeting on August 28, 2026, via video conference to discuss ordinary and special business. The record date for a potential final dividend for FY 2025-26 is set for August 14, 2026. Shareholders must submit tax-related documents by August 14, 2026, to determine applicable Tax Deducted at Source (TDS) rates for the dividend payment. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_04082026104323_Intimationof63AGM.pdf)
- 2026-08-04 — Management Change: Hindustan Aeronautics Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_15998_WebXMLFile_20260804_112205273.xml)
- 2026-07-29 — Official Filing: On July 29, 2026, Kota Ravi, previously Chairman and Managing Director, assumed the additional charge of Executive Director, effective August 1, 2026. Ravi also holds the positions of Chairperson and CEO-MD.
- 2026-07-29 — Official Filing: Hindustan Aeronautics Limited announced the appointment of Bankim Kumar Pradhan as Executive Director (Finance), effective July 29, 2026. Mr. Pradhan holds a B.Sc and is an ICWA.
- 2026-07-29 — Official Filing: Hindustan Aeronautics Limited reported a change in senior management personnel on July 29, 2026. Mr. Bankim Kumar Pradhan, Executive Director (Finance), has been transferred. The effective date of this change is July 29, 2026.
- 2026-07-29 — Generic Announcement: Hindustan Aeronautics Ltd. announced a change in senior management on July 29, 2026, with Shri Bankim Kumar Pradhan transferring from his role as Executive Director (Finance). — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_29072026170512_changeinmangt_29072026_other.pdf)
- 2026-07-29 — Generic Announcement: Hindustan Aeronautics Ltd announced on July 29, 2026, that the Ministry of Defence approved an extension of the additional charge for the Director (Operations) post to Shri Kota Ravi, Chairman & Managing Director. This extension is for three months starting August 1, 2026, or until a regular incumbent assumes the role, whichever occurs first. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_29072026145244_changeinmangt_29072026.pdf)
- 2026-07-17 — Generic Announcement: Hindustan Aeronautics Ltd. announced a final dividend of Rs. 10 per equity share for FY 2025-26, subject to shareholder approval at the Annual General Meeting. Shareholders seeking tax exemption must submit relevant documents to KFin Technologies Limited by August 14, 2026. Declarations for dividend income assessable to a person other than the deductee must also be submitted to the company by the same date. Fresh tax documents are required for each dividend event to claim benefits. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_17072026160132_DividendUpdate_17072026.pdf)
- 2026-07-01 — Generic Announcement: Hindustan Aeronautics Ltd. reported changes in its senior management on July 1, 2026, in accordance with SEBI regulations. Shri Prikshat Sharma, GM (Planning & IT), Dr. Kotta Srinivasa Rao, GM (Finance), and Shri Raju Ranjan Thakur, GM (Marketing), are noted as having changes in their roles, though the specific nature of the changes and reasons are not detailed in this filing. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_01072026141639_ChangeInSeniorMngt_01072026.pdf)
- 2026-06-29 — Generic Announcement: Hindustan Aeronautics Limited's Board of Directors recommended a final dividend of Rs. 7.50 per equity share for FY 2025-26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of AGM approval, with a record date of August 14, 2026. The Board also approved the appointment of M/s Murthy & Co. LLP as the Cost Auditor for FY 2026-27. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_29062026124357_outcome_boardmeeting_29062026.pdf)
- 2026-06-29 — Generic Announcement: Hindustan Aeronautics Limited's Board of Directors recommended a final dividend of Rs. 7.50 per equity share for FY 2025-26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of AGM approval, with a record date of August 14, 2026. The Board also approved the appointment of M/s Murthy & Co. LLP as the Cost Auditor for FY 2026-27. — [Official attachment](https://nsearchives.nseindia.com/corporate/HAL_29062026125127_outcome_boardmeeting_29062026.pdf)

## News and market events

- 2026-09-18 — Economic Times: **Rajnath Singh flags defence project delays, urges HAL to create 'technologies that do not exist'** — Defence Minister Rajnath Singh urged Hindustan Aeronautics Limited scientists to create future technologies. He stressed realistic timelines for critical defence projects to avoid delays. Singh called for enhanced public-private synergy to build indigenous aerospace capabilities. India must prepare for sector transformation through advanced technologies and indigenous development. The goal is to make India a global leader in aerospace technology. — [Source](https://economictimes.indiatimes.com/news/defence/rajnath-singh-flags-defence-project-delays-urges-hal-to-create-technologies-that-do-not-exist/articleshow/134342646.cms)
- 2026-09-18 — Times of India: **HAL makes debut in civilian helicopter sector with delivery of first four Dhruv NG copters - The Times of India** — Defence News: HAL complex (Bengaluru): Marking its entry into the civil helicopter industry, India’s leading defence and aerospace major Hindustan Aeronautics Ltd (. — [Source](https://timesofindia.indiatimes.com/defence/hal-makes-debut-in-civilian-helicopter-sector-with-delivery-of-first-four-dhruv-ng-copters/articleshow/134340990.cms)
- 2026-09-18 — REDIFF.COM: **India's Aerospace Future Takes Flight With HAL Deliveries** — State-run Hindustan Aeronautics Limited (HAL) has delivered LCA Tejas FOC twin-seater trainers and HTT-40 basic trainer aircraft to the Indian Air Force, and Dhruv Next Generation helicopters to Pawan Hans. This significant handover, attended by Defence Minister Rajnath Singh and Civil Aviation Minister K Rammohan Naidu, underscores India's progress towards self-reliance in aerospace, strengthening both military and civil aviation capabilities with indigenous platforms. — [Source](https://www.rediff.com/news/report/hal-hands-over-tejas-trainers-htt-40-dhruv-ng-to-iaf-pawan-hans/20260918.htm)
- 2026-09-18 — Times of India: **Rajnath hails HAL for delivering 'three aviation platforms from one stage' - The Times of India** — Defence News: BENGALURU: Defence minister Rajnath Singh on Friday praised aerospace major Hindustan Aeronautics Ltd (HAL) for “delivering three indigenous aviation . — [Source](https://timesofindia.indiatimes.com/defence/rajnath-hails-hal-for-delivering-three-aviation-platforms-from-one-stage/articleshow/134340041.cms)
- 2026-09-18 — NEWS.WEBINDIA123.COM: **"Seva through science": Aviation Minister Naidu hails HAL's milestone in aerospace** — Union Civil Aviation Minister Ram Mohan Naidu on Friday lauded India's rapid strides in indigenous manufacturing, stating that the nation's annual defence production is now nearly four times what it was in 2013-14. — [Source](https://news.webindia123.com/news/articles/india/20260918/4500378.html)
- 2026-09-18 — NEWS.WEBINDIA123.COM: **"Moving rapidly towards Atmanirbhar Bharat": Rajnath Singh hails handover of aircraft and helicopters by HAL to IAF and PHL** — Asserting that India is rapidly moving towards self-reliance through indigenous defence manufacturing, Defence Minister Rajnath Singh said on Friday that the country is witnessing a major milestone in its aerospace capabilities and technological self-confidence. — [Source](https://news.webindia123.com/news/articles/india/20260918/4500374.html)
- 2026-09-18 — Times of India: **Rajnath hails HAL for delivering three indigenous aviation platforms from one stage, but also warns against delays in delivery - The Times of India** — News News: BENGALURU: Defence minister Rajnath Singh in Bengaluru on Friday praised Hindustan Aeronautics Ltd (HAL) for \"delivering three indigenous aviation pla. — [Source](https://timesofindia.indiatimes.com/defence/news/rajnath-hails-hal-for-delivering-three-indigenous-aviation-platforms-from-one-stage-but-also-warns-against-delays-in-delivery/articleshow/134337635.cms)
- 2026-09-18 — MONEYCONTROL: **In major defence boost, HAL hands over Tejas Trainers, first HTT-40 'Ankur' to IAF** — HAL handover of Tejas Trainers, HTT-40 'Ankur' handover, IAF, indian air force, puja ceremony at HAL, rajnath singh, — [Source](https://www.moneycontrol.com/news/india/in-major-defence-boost-hal-hands-over-tejas-trainers-first-htt-40-ankur-to-iaf-14033181.html)
- 2026-09-18 — Economic Times: **Rajnath Singh hails 'important milestone' as HAL hands over Dhruv-NG, LCA Trainer and HTT-40 to IAF** — Asserting that India is rapidly moving towards self-reliance through indigenous defence manufacturing, Defence Minister Rajnath Singh said on Friday that the country is witnessing a major milestone in its aerospace capabilities and technological self-confidence. — [Source](https://economictimes.indiatimes.com/news/defence/rajnath-singh-hails-important-milestone-as-hal-hands-over-dhruv-ng-lca-trainer-and-htt-40-to-iaf/articleshow/134337465.cms)
- 2026-09-18 — NEWS.WEBINDIA123.COM: **Bengaluru: Rajnath Singh attends handover of Tejas Trainers, HTT-40s to IAF, Dhruv NG Helicopters to PHL** — Defence Minister Rajnath Singh and Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Friday participated in a puja ceremony marking the handover of indigenously manufactured aircraft and helicopters by Hindustan Aeronautics Limited (HAL) to the Indian Air Force and Pawan Hans Limited. — [Source](https://news.webindia123.com/news/articles/india/20260918/4500342.html)
- 2026-09-18 — Times of India: **HAL hands over LCA FOC trainers, first HTT-40 ‘Ankur’ to IAF, 4 Dhruv-NG Choppers to Pawan Hans - The Times of India** — Defence News: BENGALURU: Defence PSU HAL Friday handed over two LCA Tejas twin-seater trainers in the final operational clearance (FOC) configuration, and the first. — [Source](https://timesofindia.indiatimes.com/defence/hal-hands-over-lca-foc-trainers-first-htt-40-ankur-to-iaf-4-dhruv-ng-choppers-to-pawan-hans/articleshow/134335070.cms)
- 2026-09-18 — Mint: **Russia wants India to make 100 Su-57 fighter jets: What Moscow has proposed | Mint** — Russia has proposed that India manufacture the Su-57 stealth fighter domestically, seeking a Su-30MKI-style partnership. While the IAF needs just 36-54 jets, Russia wants a 100-aircraft commitment to achieve economies of scale. India must weigh this against its indigenous AMCA fighter programme. — [Source](https://www.livemint.com/industry/manufacturing/russia-wants-india-to-make-100-su-57-fighter-jets-what-moscow-has-proposed-11789732515102.html)
- 2026-09-18 — REDIFF.COM: **HAL Strengthens India's Aerospace Capabilities With Strategic Deliveries** — Hindustan Aeronautics Limited (HAL) has delivered LCA Tejas FOC twin-seater trainers and HTT-40 basic trainer aircraft to the Indian Air Force, and Dhruv next-generation helicopters to Pawan Hans. This significant handover, witnessed by Defence Minister Rajnath Singh, marks a crucial step in India's journey towards self-reliance in the aerospace sector, showcasing HAL's capabilities across military, civil rotary-wing, and pilot training aviation. — [Source](https://www.rediff.com/news/report/hal-delivers-tejas-trainers-htt-40-dhruv-ng-helicopters/20260918.htm)
- 2026-09-18 — The Hindu: **HAL hands over military, civil aviation and training platforms** — HAL has delivered military and civil aviation platforms, including Dhruv NG helicopters and LCA trainer aircraft, enhancing India's aviation capabilities. — [Source](https://www.thehindu.com/news/national/hal-hands-over-military-civil-aviation-and-training-platforms/article71480120.ece)
- 2026-09-18 — Times of India: **Tejas & HTT-40 trainers, Dhruv choppers take flight: HAL's big push to build India's aerospace power - The Times of India** — News News: Hindustan Aeronautics Limited (HAL) marked a significant milestone in India's aerospace journey by handing over Tejas Final Operational Clearance (FOC. — [Source](https://timesofindia.indiatimes.com/defence/news/tejas-htt-40-trainers-dhruv-choppers-take-flight-hals-big-push-to-build-indias-aerospace-power/articleshow/134333824.cms)
- 2026-09-18 — Times of India: **Delivery of first Dhruv NG helicopters to Pawan Hans a big milestone, says HAL CMD as PSU approaches states for civil aviation push - The Times of India** — News News: BENGALURU: September 18 is a historic day for India's elite aerospace and defence organisation Hindustan Aeronautics Limited. On Friday, the elite pub. — [Source](https://timesofindia.indiatimes.com/defence/news/delivery-of-first-dhruv-ng-helicopters-to-pawan-hans-a-big-milestone-says-hal-cmd-as-psu-approaches-states-for-civil-aviation-push/articleshow/134329988.cms)
- 2026-09-18 — MONEYCONTROL: **HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%** — Hindustan Aeronautics, Hindustan Aeronautics news, Hindustan Aeronautics latest news, Hindustan Aeronautics shares, Hindustan Aeronautics stocks, Hindustan Aeronautics Tejas, Hindustan Aeronautics MK1A — [Source](https://www.moneycontrol.com/news/business/stocks/hal-wraps-up-original-tejas-order-cmd-ravi-k-says-mk-1a-issues-to-be-resolved-soon-stock-up-nearly-2-14032916.html)
- 2026-09-18 — Times of India: **27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India** — News News: BENGALURU: Hindustan Aeronautics Limited (HAL) chairman and managing director Ravi K on Thursday said the aerospace organisation has already made read. — [Source](https://timesofindia.indiatimes.com/defence/news/27-airframes-of-tejas-mk1a-jets-ready-but-1-2-issues-yet-to-be-fixed-delivery-of-htt-40-aircraft-dhruv-ng-helicopter-a-milestone-for-all-of-us-hal-cmd-ravi-k/amp_articleshow/134323688.cms)
- 2026-09-18 — NEWS.WEBINDIA123.COM: **HAL to hand over Tejas Trainers, HTT-40s & Dhruv NG Helicopters to IAF; Defence Minister Rajnath Singh to attend** — Hindustan Aeronautics Limited (HAL) will hand over Light Combat Aircraft (LCA) Tejas Final Operational Clearance (FOC) Twin Seater Trainers & HTT 40 Basic Trainer Aircraft to the Indian Air Force (IAF) and Dhruv Next Generation (NG) helicopters to Pawan Hans Limited (PHL) in the presence of Defence Minister Rajnath Singh and Union Civil Aviation Minister Rammohan Naidu in Bengaluru, Karnataka, on Friday — [Source](https://news.webindia123.com/news/articles/india/20260918/4500031.html)
- 2026-09-18 — Economic Times: **Tejas Mk1A delivery delayed despite 27 airframes ready, HAL CMD explains why** — HAL CMD Ravi K said the company has prepared 27 Tejas Mk1A airframes, but delivery of the first batch to the IAF awaits testing of systems including AESA radar and missile integration. He said HAL hopes to complete deliveries this year. Ravi K also discussed Tejas Mk2, SJ-100 production, Combat Air Teaming System, AMCA, MRO expansion and trainer aircraft deliveries. — [Source](https://economictimes.indiatimes.com/news/defence/tejas-mk1a-delivery-delayed-despite-27-airframes-ready-hal-cmd-explains-why/articleshow/134328032.cms)
- 2026-09-18 — Economic Times: **"Will resolve issue and start delivering": HAL CMD Ravi Kumar on Tejas LCA Mk1A** — Hindustan Aeronautics Limited is working to resolve Tejas Mk1A software integration challenges. The company will deliver seventy Hindustan Turbo Trainer-40 aircraft over four to five years. Prototypes for the CATS Warrior autonomous drone are now under fabrication. Four Dhruv Next Generation helicopters are being handed over to Pawan Hans Limited. Two Light Combat Aircraft Tejas trainer jets are also being delivered to the Indian Air Force. — [Source](https://economictimes.indiatimes.com/news/defence/will-resolve-issue-and-start-delivering-hal-cmd-ravi-kumar-on-tejas-lca-mk1a/articleshow/134327241.cms)
- 2026-09-18 — Mint: **Micro-satellites, the ‘Goldilocks zone’ for India’s space economy | Mint** — India’s small launchers may not match SpaceX on cost or scale, but micro-satellite constellations could open a commercially attractive path to downstream space services, data and applications. — [Source](https://www.livemint.com/opinion/india-space-programme-isro-pslv-spacex-small-satellite-launchers-vikram-1-skyroot-aerospace-agnikul-agnibaan-11789671011020.html)
- 2026-09-18 — MONEYCONTROL: **Tejas, HTT-40, Dhruv handovers today: Why HAL event matters for India's aerospace push** — Tejas, HTT 40, Dhruv helicopters, Hindustan Aeronautics, Bengaluru — [Source](https://www.moneycontrol.com/news/defence/tejas-htt-40-dhruv-handovers-today-why-hal-event-matters-for-india-s-aerospace-push-14032601.html)
- 2026-09-18 — MONEYCONTROL: **Tejas, HTT-40, Dhruv handovers today: Why HAL event matters for India's aerospace push** — Tejas, HTT 40, Dhruv helicopters, Hindustan Aeronautics, Bengaluru — [Source](https://www.moneycontrol.com/defence/tejas-htt-40-dhruv-handovers-today-why-hal-event-matters-for-india-s-aerospace-push-article-14032601.html)
- 2026-09-18 — Times of India: **27 airframes of Tejas Mk1A jets ready, but 1-2 issues yet to be fixed; delivery of HTT-40 aircraft & Dhruv NG helicopter a milestone for all of us: HAL CMD Ravi K - The Times of India** — News News: BENGALURU: Hindustan Aeronautics Limited (HAL) chairman and managing director Ravi K on Thursday said the aerospace organisation has already made read. — [Source](https://timesofindia.indiatimes.com/defence/news/27-airframes-of-tejas-mk1a-jets-ready-but-1-2-issues-yet-to-be-fixed-delivery-of-htt-40-aircraft-dhruv-ng-helicopter-a-milestone-for-all-of-us-hal-cmd-ravi-k/articleshow/134323688.cms)

## Business profile

**Strategic vision:** Designs, manufactures, and overhauls aerospace products for defense and civil aviation.

### Business segments
- **Aircraft:** HAL manufactures various fixed-wing aircraft, including light combat aircraft, trainers, and licensed-produced fighters.
- **Civil Aviation:** In the civil aviation sector, HAL offers aircraft suitable for regional connectivity and utility operations.
- **Helicopters:** HAL is a major producer of helicopters for various roles, including utility, attack, and observation.
- **Space:** HAL contributes to India's space programs by providing structures and components for launch vehicles and spacecraft.
- **Systems, Accessories, and Materials:** The company also produces a wide array of systems, accessories, and materials essential for aerospace operations.
- **UAVs & Drones:** HAL is involved in developing unmanned aerial systems primarily for defense applications.
- **Maintenance, Repair, and Overhaul (MRO):** HAL provides comprehensive MRO services for various aircraft and helicopters, supporting the Indian Air Force (IAF) and other clients.

### Competitive strengths
- Indigenous design, development, and manufacturing capabilities for aerospace and defense.
- Extensive experience in overhaul and maintenance services for aircraft and helicopters.
- Contribution to national defense and civil aviation programs.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/hal
Markdown representation: https://faxioms.com/stocks/hal?render=md