Hindustan Aeronautics (NSE:HAL) ROCE %: 25.37% (As of Mar. 2026)

What is Hindustan Aeronautics ROCE %?

Hindustan Aeronautics NSE:HAL 94 ROCE % is 25.37% as of Mar. 2026. GuruFocus rates NSE:HAL with a GF Score™ of 94/100 and a GF Value™ of ₹4,701.13 (Fairly Valued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hindustan Aeronautics's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.37%.

Hindustan Aeronautics (NSE:HAL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Hindustan Aeronautics ROCE % Related Terms

Hindustan Aeronautics ROCE % Historical Data

* Premium members only.

The historical data trend for Hindustan Aeronautics's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hindustan Aeronautics ROCE % Chart

Hindustan Aeronautics Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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17.69

18.83

26.25

20.93

16.18

Hindustan Aeronautics Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															33.63	11.93	11.93	13.32	25.37

94GF Score

Hindustan Aeronautics Ltd NSE:HAL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Hindustan Aeronautics ROCE % Calculation

Hindustan Aeronautics's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	121577.2	/	( ( (1062668.5 - 440952.5)	+	(1324145.9 - 443073.7) )	/ 2 )
	=	121577.2	/	( (621716	+	881072.2)	/ 2 )
	=	121577.2	/	751394.1
	=	16.18 %

Hindustan Aeronautics's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	223519.2	/	( ( (0 - 0)	+	(1324145.9 - 443073.7) )	/ 1 )
	=	223519.2	/	( ( 0	+	881072.2 )	/ 1 )
	=	223519.2	/	881072.2
	=	25.37 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 25.37% mean?

Hindustan Aeronautics (NSE:HAL) has a ROCE % of 25.37% as of Mar. 2026.

Is Hindustan Aeronautics' ROCE % too high?

Hindustan Aeronautics' current ROCE % is 25.37%. The Aerospace & Defense industry median ROCE % is 6.29. Hindustan Aeronautics' value of 25.37% is 303.3% above this industry median. Overall, Hindustan Aeronautics has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Hindustan Aeronautics' ROCE % compare to GE and RTX?

Hindustan Aeronautics' ROCE % of 25.37% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Hindustan Aeronautics' value of 25.37% is 303.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hindustan Aeronautics's current ROCE % of 25.37% is 303.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Aeronautics's current ROCE % is 25.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hindustan Aeronautics stock overvalued right now?

Based on GuruFocus' analysis, Hindustan Aeronautics (NSE:HAL) is currently considered Fairly Valued. The stock's GF Value™ is ₹4,701.13, compared to a current price of ₹4,368.70 — trading 7.1% below its estimated fair value. The current ROCE % is 25.37% and 303.3% above the Aerospace & Defense industry median of 6.29. Hindustan Aeronautics' overall GF Score™ is 94/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Hindustan Aeronautics (NSE:HAL), the current ROCE % is 25.37% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hindustan Aeronautics (NSE:HAL) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Aeronautics stock appears to be undervalued. The current stock price of ₹4,368.70 is trading 7.1% below its estimated GF Value™ of ₹4,701.13. GuruFocus considers Hindustan Aeronautics to be Fairly Valued.

Key valuation signals for NSE:HAL:

ROCE %: 25.37%
GF Value™: ₹4,701.13 vs. price of ₹4,368.70 (7.1% below fair value)
GF Score™: 94/100 with 3 warning signs
Industry Position: 303.3% above the Aerospace & Defense median

No single metric tells the full story. See the NSE:HAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hindustan Aeronautics Business Description

Industry Industrials Aerospace & Defense

Comparable Companies NSE:BEL BOM:543237 BOM:541143 BOM:540678 BOM:542011 BOM:543428 BOM:533339 BOM:540879 NSE:AEQUS NSE:SWANDEF GE RTX BA XPAR:AIR LSE:RR.XPAR:SAF LMT HWM GD RKLB

Other Exchanges 541154:India

Address No. 15/1 Cubbon Road, Bengaluru, KA, IND, 560001

Website https://www.hal-india.co.in

Hindustan Aeronautics Ltd operates in the aerospace and defense sector. The company is engaged in the design, manufacturing, and development of products like aircraft, helicopters, systems and accessories, power plants, avionics, materials like castings, rolled rings, rubber products, and aerospace which include structures, tanks, and cryogenic engines. Geographically the company derives revenue from India and other countries, of which a majority of revenue is generated from India.

94GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,368.70

Price

₹4,701.13

GF Value

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