Hindustan Aeronautics Limited (HAL) - Net Assets

Latest as of September 2025: Rs371.18 Billion INR ≈ $4.01 Billion USD

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. Also explore total assets of Hindustan Aeronautics Limited for the complete picture of this company's asset base.

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. Check Hindustan Aeronautics Limited (HAL) tangible net worth to evaluate the tangible quality of the company's equity 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 HAL market cap.

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	--

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
AngloGold Ashanti Ltd JSE:ANG	$33.63 Billion
China Construction Bank Co SHG:601939	$33.63 Billion
Bank of Communications Co. Ltd F:C4C	$33.67 Billion
Ubiquiti Networks Inc NYSE:UI	$33.68 Billion
Nutrien Ltd TO:NTR	$33.60 Billion
ASM International NV AS:ASM	$33.60 Billion
Swisscom AG SW:SCMN	$33.54 Billion
JSW Steel Limited NSE:JSWSTEEL	$33.52 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: 8.88x
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 24.01x to 8.88x 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	Rs4646.50	x
2014-03-31	Rs216.60	Rs4646.50	x
2015-03-31	Rs221.96	Rs4646.50	x
2016-03-31	Rs329.92	Rs4646.50	x
2017-03-31	Rs375.59	Rs4646.50	x
2018-03-31	Rs340.72	Rs4646.50	x
2019-03-31	Rs324.64	Rs4646.50	x
2020-03-31	Rs197.96	Rs4646.50	x
2021-03-31	Rs230.46	Rs4646.50	x
2022-03-31	Rs288.78	Rs4646.50	x
2023-03-31	Rs352.47	Rs4646.50	x
2024-03-31	Rs435.69	Rs4646.50	x
2025-03-31	Rs523.08	Rs4646.50	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: $20,957,328,556
Average return on equity (ROE) among peers: 24.04%

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	$33.61 Billion
Apollo Micro Systems Limited (APOLLO)	$633.71 Million	29.31%	2.88x	$1.42 Billion
Bharat Dynamics Limited (BDL)	$12.76 Billion	27.08%	5.46x	$4.97 Billion
Bharat Electronics Limited (BEL_old)	$89.91 Billion	15.43%	1.06x	$29.41 Billion
Cochin Shipyard Limited (COCHINSHIP)	$32.61 Billion	12.15%	0.68x	$4.05 Billion
Data Patterns (India) Limited (DATAPATTNS)	$2.08 Billion	26.72%	0.58x	$2.59 Billion
DCX Systems Limited (DCXINDIA)	$74.52 Million	61.54%	64.61x	$217.27 Million
Garden Reach Shipbuilders & Engineers Limited (GRSE)	$20.79 Billion	25.36%	3.98x	$3.22 Billion
Mazagon Dock Shipbuilders Limited (MAZDOCK)	$28.34 Billion	17.51%	5.83x	$10.39 Billion
Sigma Advanced Systems Limited (MEGASOFT)	$1.42 Billion	1.30%	1.24x	$3.08 Billion

About Hindustan Aeronautics Limited

NSE:HAL India Aerospace & Defense

Market Cap

$33.61 Billion

Rs3.11 Trillion INR

Market Cap Rank

#798 Global

#19 in India

Share Price

Rs4646.50

Change (1 day)

+1.42%

52-Week Range

Rs3487.20 - Rs4916.20

All Time High

Rs5606.70