With EPS Growth And More, Hindustan Aeronautics (NSE:HAL) Makes An Interesting Case
Jun 22
Indian (NIFTY) Aerospace & Defense Industry Analysis
UpdatedJun 22, 2024
DataAggregated Company Financials
Companies16
- 7D-0.7%
- 3M64.5%
- 1Y172.1%
- YTD73.1%
The Aerospace & Defense is pretty flat in the last 7 days, but Paras Defence and Space Technologies has stood out, gaining 18%. As for the the longer term, the industry is up 172% over the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Indian Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Jun 2024 | ₹7.6t | ₹693.9b | ₹149.5b | 74.9x | 50.9x | 11x |
| Tue, 21 May 2024 | ₹6.1t | ₹635.2b | ₹135.2b | 66.5x | 45.3x | 9.6x |
| Thu, 18 Apr 2024 | ₹5.4t | ₹631.5b | ₹124.9b | 61.6x | 43.2x | 8.5x |
| Sat, 16 Mar 2024 | ₹4.5t | ₹631.5b | ₹124.9b | 61.9x | 36.2x | 7.2x |
| Mon, 12 Feb 2024 | ₹4.4t | ₹619.7b | ₹120.9b | 63.3x | 36.7x | 7.2x |
| Wed, 10 Jan 2024 | ₹4.5t | ₹618.7b | ₹117.6b | 58.9x | 38.3x | 7.3x |
| Fri, 08 Dec 2023 | ₹4.0t | ₹618.7b | ₹117.6b | 56x | 34x | 6.5x |
| Sun, 05 Nov 2023 | ₹3.2t | ₹614.2b | ₹116.2b | 47.3x | 27.5x | 5.2x |
| Tue, 03 Oct 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 50.9x | 28.9x | 5.4x |
| Thu, 31 Aug 2023 | ₹3.2t | ₹606.8b | ₹113.3b | 56.6x | 28.5x | 5.3x |
| Sat, 29 Jul 2023 | ₹3.2t | ₹607.0b | ₹110.2b | 40.8x | 29x | 5.3x |
| Mon, 26 Jun 2023 | ₹2.8t | ₹600.6b | ₹108.2b | 36.9x | 25.7x | 4.6x |
| Wed, 24 May 2023 | ₹2.4t | ₹600.0b | ₹107.3b | 29.7x | 22x | 3.9x |
| Fri, 21 Apr 2023 | ₹2.2t | ₹586.1b | ₹107.8b | 27.3x | 20.5x | 3.8x |
| Sun, 19 Mar 2023 | ₹2.1t | ₹586.1b | ₹107.8b | 24.8x | 19.4x | 3.6x |
| Tue, 14 Feb 2023 | ₹2.0t | ₹586.1b | ₹107.8b | 25.2x | 18.4x | 3.4x |
| Thu, 12 Jan 2023 | ₹2.1t | ₹582.0b | ₹105.0b | 28.6x | 19.6x | 3.5x |
| Sat, 10 Dec 2022 | ₹2.2t | ₹582.0b | ₹105.0b | 29.2x | 21.2x | 3.8x |
| Mon, 07 Nov 2022 | ₹2.2t | ₹570.4b | ₹99.5b | 30x | 21.7x | 3.8x |
| Wed, 05 Oct 2022 | ₹2.0t | ₹567.3b | ₹99.5b | 25.8x | 19.7x | 3.4x |
| Fri, 02 Sep 2022 | ₹1.9t | ₹567.4b | ₹99.5b | 23.5x | 19.3x | 3.4x |
| Sun, 31 Jul 2022 | ₹1.7t | ₹527.9b | ₹93.0b | 22.5x | 17.8x | 3.1x |
| Tue, 28 Jun 2022 | ₹1.5t | ₹513.0b | ₹89.6b | 21.8x | 16.4x | 2.9x |
| Thu, 26 May 2022 | ₹1.4t | ₹352.0b | ₹90.6b | 23.4x | 15.7x | 4.1x |
| Sat, 23 Apr 2022 | ₹1.5t | ₹503.3b | ₹78.0b | 26.5x | 19.4x | 3x |
| Mon, 21 Mar 2022 | ₹1.3t | ₹502.7b | ₹78.0b | 19.5x | 16.1x | 2.5x |
| Wed, 16 Feb 2022 | ₹1.2t | ₹502.8b | ₹78.0b | 17.4x | 15.1x | 2.3x |
| Fri, 14 Jan 2022 | ₹1.2t | ₹478.2b | ₹71.4b | 22.8x | 16.7x | 2.5x |
| Sun, 12 Dec 2021 | ₹1.1t | ₹475.4b | ₹70.5b | 22x | 16.1x | 2.4x |
| Tue, 09 Nov 2021 | ₹1.2t | ₹459.8b | ₹67.4b | 20.8x | 17.6x | 2.6x |
| Thu, 07 Oct 2021 | ₹1.1t | ₹453.4b | ₹65.0b | 21.9x | 17.1x | 2.5x |
| Sat, 04 Sep 2021 | ₹1.1t | ₹453.4b | ₹65.0b | 15.3x | 17x | 2.4x |
| Mon, 02 Aug 2021 | ₹976.0b | ₹453.4b | ₹65.0b | 18.2x | 15x | 2.2x |
Price to Earnings Ratio
14.2x
Current Industry PE
- Investors are optimistic on the Indian Aerospace & Defense industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 50.9x which is higher than its 3-year average PE of 23.8x.
- The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 11.0x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | -0.14% | |
| Industrials | -0.30% | |
| Aerospace & Defense | -0.66% | |
| Aerospace and Defense | -0.66% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PARAS Paras Defence and Space Technologies | ₹1.37k | 18.5% +₹8.3b | 124.8% | PE166.7x | |
| 543920 CFF Fluid Control | ₹822.95 | 29.1% +₹3.6b | 334.4% | PE93.8x | |
| MAZDOCK Mazagon Dock Shipbuilders | ₹3.89k | 0.4% +₹3.4b | 232.0% | PE40.5x | |
| APOLLO Apollo Micro Systems | ₹112.18 | 8.2% +₹2.6b | 123.5% | PE110.5x | |
| KRISHNADEF Krishna Defence and Allied Industries | ₹925.30 | 20.7% +₹1.8b | 407.4% | PE108x |
