This large-cap company that operates in defence and aerospace has completed and handed over the first LCA Tejas twin seater aircraft to the Indian Air Force.
At 9:32 a.m the shares of Hindustan Aeronautics Limited (HAL) were trading at Rs. 1954 up by 2 percent from its previous day close price and the market capitalization of the company is 1,29,782 Cr.
As per the company’s filing, Hindustan Aeronautics Limited (HAL) handed over the first LCA Tejas twin seater aircraft to the Indian Air Force(IAF) In the presence of Rakha Rajya Mantri, Mr. Ajay Bhatt. Chief of Air Staff Air Chief Marshal VR Chaudhari said that IAF would be going forward to procure 97 more LCAs and with this it will have 220 LCAs in its inventory.
The LCA Tejas Twin Seater is a light weight, all weather multi-role 4.5 generation aircraft. It is designed to support the training requirements of the IAF and augment itself to the role of a fighter in case of necessity.
The company’s revenue has increased by 9.37 percent from 24,620.02 Cr in FY22 to 26,927.46 Cr in FY23, accompanied by increasing profits of 5,079.88 Cr to 5,827.73 Cr.
The company has reported a return on equity (ROE) of 27.18 percent and return on capital employed (ROCE) of 30.59 percent, this indicates that the company is making good returns on its equity and is making effective utilisation of the company’s resources.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 71.64 percent stake, the Domestic Institutional Investors hold 10.64 percent and the Foreign Institutional Investors (FII) hold 11.90 percent.
Hindustan Aeronautics Limited is a central public sector undertaking under the administrative control of the department of defence production, ministry of defence, engaged in the business of Manufacture, Repair and maintenance of Aircraft and Helicopters.
Written by: Bharath K.S
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