This defense stock is soaring in a falling market, near 52-week highs

1. Hindustan Aeronautics Stock Outlook

The CMP of the title is Rs 1875.55 on NSE (around 1:37 p.m.) with a drop of 0.43%. The stock’s 52-week high is Rs 1942 each and the 52-week low is Rs 995. At today’s cmp, the stock is down just 3.41% from its high. high over 52 weeks. The stock’s P/E is 12.36, which is lower than the sector’s P/E of 18.58, a positive for investors.

The EPS for the stock is 151.92. The stock gave a positive return of 23.8% in one month, a positive return of 45% in 6 months, a positive return of 79% in one year and a positive return of 65% in 5 years.

2. Should you buy Hindustan Aeronautics shares?

2. Should you buy Hindustan Aeronautics shares?

Hindustan Aeronautics is very successful. It experienced strong growth in net cash and cash from operating activities. It has become a for-profit entity with a strong ROCE and low PE. It has an ROE of 29.4%. The strong point of the company is that it has reduced its debt and is now almost debt free.

When a peer comparison is done, its P/E is found to be lower and the market capitalization is highest at Rs 62,630 crore at the time of writing the report. Amid these positives, investors can invest in the shares of the company.

3. Hindustan Aeronautics fourth quarter results

3. Hindustan Aeronautics fourth quarter results

The company reported its fourth quarter results on May 20, 2022. The company reported a 90% year-on-year increase in consolidated net profit to Rs 3,105 crore for the March quarter of the fourth quarter of fiscal 2022. The profit stood at Rs 1,628 crore for the fourth quarter of FY2021. Revenue also jumped by 6% to Rs 11,561 crore from Rs 10,867 crore in the previous quarter.

4. Hindustan Aeronautics Dividend History

4. Hindustan Aeronautics Dividend History

It has a good dividend history and has consistently declared dividends over the past 5 years. At the current market price of the share, the dividend yield turned out to be 2.12%. In March 2022, Hindustan Aeronautics declared a dividend of 400% or Rs 40 per share. It has declared dividends 6 times so far.

5. About Hindustan Aeronautics Ltd

5. About Hindustan Aeronautics Ltd

It is a leading public company. It is involved in the design, development, manufacture, repair, refurbishment and maintenance of a wide range of products which may include helicopters, aircraft engine avionics accessories and aerospace structures. It is headquartered in Bangalore. It was incorporated on August 16, 1963.

Disclaimer

Disclaimer

Investors are urged to exercise caution as markets have become extremely volatile. It is possible that even dividend-paying stocks will fall, eroding investors’ wealth. Neither Greynium Information Technologies nor the author would be liable for any loss based on a decision to read the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.