Hindustan Aeronautics Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed its highest-grade credit rating on HAL's bank facilities of Rs 6,050 crore, keeping it at CARE AAA (Stable outlook) for long-term and CARE A1+ for short-term borrowings. The reaffirmation reflects HAL's strategic importance as the government's core defence aviation supplier, with 71.64% ownership held by the Government of India. HAL's order book nearly doubled to Rs 2,58,942 crore as of September 2025, up from Rs 1,33,238 crore in December 2024, providing strong revenue visibility. The company maintains a debt-free position with negligible gearing, Rs 43,465 crore in cash and equivalents, and Rs 52,219 crore in customer advances. Revenue grew 6% to Rs 30,146 crore in FY25, with healthy 29% operating margins, though LCA and helicopter deliveries were impacted by engine supply delays and the January 2025 ALH grounding.
No change to the stock outlook — the AAA rating reaffirmation confirms HAL's strong financial health and minimal credit risk for lenders, but offers no new positive trigger. Shareholders can take comfort in the massive order pipeline, zero-debt balance sheet, and robust liquidity cushion, though the stock is unlikely to move meaningfully on this routine update.