Hindustan Aeronautics Limited (HAL) - Net Assets
Based on the latest financial reports, Hindustan Aeronautics Limited (HAL) has net assets worth Rs371.18 Billion INR (≈ $4.01 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.23 Trillion ≈ $13.32 Billion USD) and total liabilities (Rs860.27 Billion ≈ $9.30 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hindustan Aeronautics Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs371.18 Billion |
| % of Total Assets | 30.14% |
| Annual Growth Rate | 8.64% |
| 5-Year Change | 126.94% |
| 10-Year Change | 217.12% |
| Growth Volatility | 15.25 |
Hindustan Aeronautics Limited - Net Assets Trend (2013–2025)
This chart illustrates how Hindustan Aeronautics Limited's net assets have evolved over time, based on quarterly financial data. Also explore Hindustan Aeronautics Limited (HAL) total assets for the complete picture of this company's asset base.
Annual Net Assets for Hindustan Aeronautics Limited (2013–2025)
The table below shows the annual net assets of Hindustan Aeronautics Limited from 2013 to 2025. For live valuation and market cap data, see Hindustan Aeronautics Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs349.85 Billion ≈ $3.78 Billion |
+20.05% |
| 2024-03-31 | Rs291.42 Billion ≈ $3.15 Billion |
+23.61% |
| 2023-03-31 | Rs235.76 Billion ≈ $2.55 Billion |
+22.05% |
| 2022-03-31 | Rs193.17 Billion ≈ $2.09 Billion |
+25.30% |
| 2021-03-31 | Rs154.16 Billion ≈ $1.67 Billion |
+16.41% |
| 2020-03-31 | Rs132.43 Billion ≈ $1.43 Billion |
+21.94% |
| 2019-03-31 | Rs108.60 Billion ≈ $1.17 Billion |
-9.94% |
| 2018-03-31 | Rs120.59 Billion ≈ $1.30 Billion |
-3.98% |
| 2017-03-31 | Rs125.59 Billion ≈ $1.36 Billion |
+13.84% |
| 2016-03-31 | Rs110.32 Billion ≈ $1.19 Billion |
-25.68% |
| 2015-03-31 | Rs148.44 Billion ≈ $1.61 Billion |
+2.47% |
| 2014-03-31 | Rs144.86 Billion ≈ $1.57 Billion |
+11.93% |
| 2013-03-31 | Rs129.41 Billion ≈ $1.40 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Hindustan Aeronautics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 100279800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.00 Trillion | 286.53% |
| Common Stock | Rs3.34 Billion | 0.96% |
| Other Comprehensive Income | Rs346.47 Billion | 99.04% |
| Total Equity | Rs349.82 Billion | 100.00% |
Hindustan Aeronautics Limited Competitors by Market Cap
The table below lists competitors of Hindustan Aeronautics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Foshan Haitian Flavouring and Food Co Ltd
SHG:603288
|
$31.44 Billion |
|
Baidu Inc
F:B1C
|
$31.47 Billion |
|
Advanced Info Service Public Company Limited
BK:ADVANC
|
$31.52 Billion |
|
VOLKSWAGEN ADR 1/10/O.N.
F:VOWA
|
$31.57 Billion |
|
Samsung Biologics Co Ltd
KO:207940
|
$31.37 Billion |
|
DAIKIN INDUSTR.UNSP.ADR
F:DKIA
|
$31.31 Billion |
|
Fresnillo plc
F:FNL
|
$31.27 Billion |
|
Kering SA
PA:KER
|
$31.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hindustan Aeronautics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 291,381,700,000 to 349,816,100,000, a change of 58,434,400,000 (20.1%).
- Net income of 83,641,300,000 contributed positively to equity growth.
- Dividend payments of 25,413,500,000 reduced retained earnings.
- Share repurchases of 1,040,000,000 reduced equity.
- Other comprehensive income increased equity by 344,995,400,000.
- Other factors decreased equity by 343,748,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs83.64 Billion | +23.91% |
| Dividends Paid | Rs25.41 Billion | -7.26% |
| Share Repurchases | Rs1.04 Billion | -0.3% |
| Other Comprehensive Income | Rs345.00 Billion | +98.62% |
| Other Changes | Rs-343.75 Billion | -98.27% |
| Total Change | Rs- | 20.05% |
Book Value vs Market Value Analysis
This analysis compares Hindustan Aeronautics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.29x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 22.42x to 8.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs193.51 | Rs4338.80 | x |
| 2014-03-31 | Rs216.60 | Rs4338.80 | x |
| 2015-03-31 | Rs221.96 | Rs4338.80 | x |
| 2016-03-31 | Rs329.92 | Rs4338.80 | x |
| 2017-03-31 | Rs375.59 | Rs4338.80 | x |
| 2018-03-31 | Rs340.72 | Rs4338.80 | x |
| 2019-03-31 | Rs324.64 | Rs4338.80 | x |
| 2020-03-31 | Rs197.96 | Rs4338.80 | x |
| 2021-03-31 | Rs230.46 | Rs4338.80 | x |
| 2022-03-31 | Rs288.78 | Rs4338.80 | x |
| 2023-03-31 | Rs352.47 | Rs4338.80 | x |
| 2024-03-31 | Rs435.69 | Rs4338.80 | x |
| 2025-03-31 | Rs523.08 | Rs4338.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hindustan Aeronautics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.00%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 3.04x
- Recent ROE (23.91%) is above the historical average (20.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 24.86% | 22.45% | 0.25x | 4.46x | Rs19.23 Billion |
| 2014 | 17.54% | 16.79% | 0.24x | 4.42x | Rs10.93 Billion |
| 2015 | 6.70% | 6.35% | 0.25x | 4.21x | Rs-4.90 Billion |
| 2016 | 18.17% | 11.96% | 0.30x | 5.12x | Rs9.01 Billion |
| 2017 | 20.90% | 14.62% | 0.35x | 4.10x | Rs13.69 Billion |
| 2018 | 17.19% | 11.20% | 0.38x | 4.08x | Rs8.68 Billion |
| 2019 | 20.86% | 11.32% | 0.40x | 4.65x | Rs11.79 Billion |
| 2020 | 21.78% | 13.44% | 0.40x | 4.02x | Rs15.59 Billion |
| 2021 | 21.06% | 14.19% | 0.44x | 3.37x | Rs17.05 Billion |
| 2022 | 26.30% | 20.63% | 0.42x | 3.02x | Rs31.49 Billion |
| 2023 | 24.72% | 21.64% | 0.40x | 2.85x | Rs34.71 Billion |
| 2024 | 26.15% | 25.08% | 0.39x | 2.68x | Rs47.07 Billion |
| 2025 | 23.91% | 27.00% | 0.29x | 3.04x | Rs48.66 Billion |
Industry Comparison
This section compares Hindustan Aeronautics Limited's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $15,231,505,778
- Average return on equity (ROE) among peers: 13.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hindustan Aeronautics Limited (HAL) | Rs371.18 Billion | 24.86% | 2.32x | $31.38 Billion |
| Apollo Micro Systems Limited (APOLLO) | $3.84 Billion | 4.88% | 0.80x | $1.08 Billion |
| Bharat Dynamics Limited (BDL) | $32.11 Billion | 10.97% | 1.70x | $5.41 Billion |
| Bharat Electronics Limited (BEL_old) | $16.53 Billion | 27.49% | 1.68x | $29.41 Billion |
| Cochin Shipyard Limited (COCHINSHIP) | $17.21 Billion | 16.96% | 1.04x | $4.93 Billion |
| Data Patterns (India) Limited (DATAPATTNS) | $13.24 Billion | 13.72% | 0.28x | $2.47 Billion |
| DCX Systems Limited (DCXINDIA) | $11.26 Billion | 6.73% | 0.64x | $242.09 Million |
| Garden Reach Shipbuilders & Engineers Limited (GRSE) | $8.67 Billion | 15.19% | 5.86x | $3.63 Billion |
| Mazagon Dock Shipbuilders Limited (MAZDOCK) | $32.14 Billion | 16.57% | 5.48x | $11.92 Billion |
| Sigma Advanced Systems Limited (MEGASOFT) | $2.07 Billion | 10.48% | 0.54x | $3.08 Billion |
About Hindustan Aeronautics Limited
Hindustan Aeronautics Limited engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally. The company offers basic trainer and light combat aircraft, light transport aircraft, intermediate jet trainer aircraft, light utility and combat helicopters, ma… Read more