HAL Dividend: Defence PSU Declares Rs 25/Sh Dividend, Buy?

Hindustan Aeronautics Ltd shares today slipped 0.91% on Bombay Stock Exchange (BSE) as Sensex gained 40.21 points to 76,333.81. Current market price of HAL shares on BSE is Rs 3614.80 per share. The Board of Directors of the large cap company today recommended first interim dividend of Rs 25 per equity share of Rs 5/- for the financial year 2024-25. HAL share price slipped 5.79% in last 1-week and zoomed 199.36% in last 2-years. Meanwhile, the PSU has a market capitalisation of Rs 2,41,748.79 crore, according to BSE. Check more details below:

HAL Recommends 1st Interim Dividend

As per the BSE filing of the Defence PSU dated February 12, 2025, “the Board of Directors of the Company has declared first interim dividend of Rs 25/- per equity share of Rs. 5/- each fully paid up (500%) for the Financial Year 2024-25.

Hindustan Aeronautics Ltd Sets Record Date For Interim Dividend

The exchange filing added, “it may be noted that, the Record date for the payment of first interim dividend for the financial year 2024-25, if declared, will be Friday, the 14th February, 2025.”

HAL Shareholding

FII/FPI have increased holdings from 11.85% to 12.26% for the December 2024 quarter. Stake of Life insurance corporation stood at 2.53% in HAL for December 2024 quarter.

HAL Q3 Results

The PSU declared a surge of 14% in its consolidated net profit for the quarter ended December 31, 2024 to Rs 1,440 crore amid continued demand for its aircraft from defence ministry. The company had announced its consolidated net profit at Rs 1261 crore in the corresponding quarter of last year. The company’s revenue from operations zoomed 15% to Rs 6,957 crore for Q3FY25 as compared to Rs 6061 crore declared in Q3FY2024. It bagged orders worth Rs 13,500 crore from government for 12 Sukhoi fighter jets.

Meanwhile, it announced its consolidated total income for the December 31, 2024 quarter at Rs 7588.71 crore as against Rs 6521.26 crore total income declared in the similar quarter of last year. The company announced its EPS for Q3FY25 quarter at Rs 21.53 as against Rs 18.86 declared in the Q3FY24.

HAL Shares Performance

The 52-week high price of Hindustan Aeronautics shares on BSE is Rs 5,675.00 per share (as on 09/07/2024) and 52-week low price is Rs 2,826.00 per share (as on 13/02/2024), respectively. Hindustan Aeronautics stock declined 13.79% year-to-date, fell 23.92% in last 6-months, and gained 26.38% in last 1-year. In last 3-years, HAL shares surged 421.41% and rose 826.07%.

Should You Buy Hindustan Aeronautics Shares?

According to A R Ramachandran, SEBI registered Independent research analyst, “HAL stock price is slightly bullish on the Daily charts with strong support at 3512. A Daily close above resistance of 3795 could lead to a target of 4206 in the near term.”

HAL also surfaced as top pick from leading brokerage firm Elara Capital and Philip Capital. Elara Capital assigned buy call with target price of Rs 5465 and expected Rs 1.2 lakh crore inflows by FY 2026 pushed by defence contracts. Meanwhile, Philips Capital recommended buy call with target price of Rs 5500 highlighting robust contract growth and an growing order book. Meanwhile, Stoxbox assigned buy call and call the stock as one of the best players in the defence sector.

HAL About

Hindustan Aeronautics is a leading aerospace and defense company, owned by the government of India. It has also become the 14^th Maharatna Central Public Sector Enterprise (CPSE) in October 2024. It develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets, among others.

Disclaimer: The stock has been picked from the brokerage report of AR Ramchandran, Elara Capital, Philip Capital and Stoxbox. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.