D-ST ANALYSTS ANTICIPATE FURTHER GAINS FOR THIS DEFENSE STOCK, UP 87% THIS YEAR.

 

Military PSU Analysts following the industry predict that Hindustan Aeronautics NSE 4.63% (HAL NSE 4.63) will receive its greatest volume of orders ever in FY23. They mentioned export possibilities and asserted that an increase in profitability and high asset turnover would lead to a defense company's return ratios being in good shape going forward. Currently, their price predictions indicate a potential 15% increase in the stock price.

At Rs 84,800 crore, or about 3.2 times its trailing 12-month revenues, HAL has a sizable order book.

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 There are very few defense primes in the world that produce combat aircraft and have an equal book-to-bill ratio, according to ICICIDirect, who also noted that the orderbook, which is anticipated to surpass Rs 1,00,000 crore by FY23, is the biggest certainty to its HAL worth.

According to ICICIdirect, a steady stream of orders for maintenance, repair, and overhaul (MRO) with a sizable order pipeline of Rs 1.2 lakh crore in manufacturing over the next three to four years is one of the stock's important triggers. It was mentioned that LCA Tejas MK1A deliveries to the IAF, the biggest order in manufacture, are anticipated to begin in FY25E. Furthermore, it added, "delivery of other significant orders and continued growth in MRO will generate revenue growth in double digits from FY25E."

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