Hindustan Aeronautics Limited

Historical Perspective

Dec 2015
75 Years of
Service to
Nation

2007
Accorded the Navaratna Status

Oct 1964
Hindustan Aeronautics Ltd (HAL) formed with amalgamation
of Hindustan Aircraft Ltd and Aeronautics India Ltd
Aug 1963
Aeronautics India Ltd (fully owned by GoI) incorporated for MiG-21 aircraft
Dec 1940
Founded as Hindustan Aircraft Private Limited at Bangalore by Late. Seth
Walchand Hirachand in association with the Govt. of Mysore with the aim of
manufacturing Aircraft in India.
 HAL - Today

India’s Flagship National Aerospace Company

C
A 36th Position among the top 100 Aerospace industries
P
A
B 20 Production and 11 Research and Development (R&D) Centers
I
L
I Record sales of Rs.16,736 Cr
T
I
E
Exports to over 20 countries
S
4,016 Aircraft Produced (31 types)

4,843 Engines Produced (15 types)

 HAL - Today

C Design and Development

A
CAPABILITIES

P
A Manufacture, Maintenance, Repair and
B
I
Overhaul (ROH)
L
I Aircraft mid-life upgrade programmes
T
I
E
S Structures for Launch vehicles and Satellites
 HAL Today - Leadership

Director (HR) CEO, Helicopter Complex

Shri. V M Chamola Shri. V Sadagopan

Director (Operations) CEO, Bangalore Complex

Shri. S Subrahmanyam Shri. Kaveri Renganathan

Director (Engg, R&D)

CMD Shri. D K Venkatesh CEO, MiG Complex
Shri. T Suvarna Raju Shri. Daljeet Singh

Director (Finance) CEO, Accessories Complex

Shri. C V Ramana Rao Shri. Rajiv Kumar
 HAL Today – Geographical Spread

MiG Complex
Accessories Complex
Nasik & Koraput
Lucknow, Kanpur, Hyderabad, Korwa &
Kasargod

Lucknow
Kanpur
Korwa
Design Complex Barrackpore Helicopter Complex
Bangalore, Nasik, Bangalore &
Kanpur, Lucknow Nasik Barrackpore
Hyderabad & Koraput Koraput

Hyderabad

Bangalore Bangalore Complex

Kasargod
Bangalore
 Bangalore Complex

Platforms Repair and Overhaul Products & Services

Products Divisions

Adour, Artouste, Garrett,

Engine Division
Shakti, Dart, Orpheus, Gnome
Jaguar
Light Combat Aircraft (LCA) Structures for PSLV, GSLV, Aerospace Division
at LCA Division, Bangalore INSAT, IRS, CRYO

Castings, forgings, shape

memory alloy components Foundry & Forgings
Mirage 2000 and rubber items
Industrial & Marine
LM 2500, Allison, Avon Gas Turbine
Hawk

Airport Services Airport Services Center

Hawk Mk132 Advanced Jet
Trainer Aircraft at Aircraft Hawk Mk132
Division, Bangalore Medical & Health Care Services Medical and Health
Overhaul Division, Bangalore
 Helicopter Complex

Platforms Repair and Overhaul Products & Services

Products Division

Cheetah Composite Structures for

- Advance Light Helicopter (ALH) Advanced
Advanced Light Helicopter (ALH) - Light Combat Helicopter (LCH) Composites
at Helicopter Division, B’lore - Light Combat Aircraft (LCA) Division
Chetak - Light Utility Helicopter (LUH)

Barrackpore Division
Cheetal

Helicopter Maintenance
Repair and Overhaul (MRO)
Cheetal at Helicopter Division Division
ALH
 MiG Complex

Platforms Repair and Overhaul Products & Services

Products Division

Sukhoi Engines
Su-30 MkI AL- 31FP Division,
Koraput
Su-30 MkI
Aircraft Manufacturing
Division (AMD) , Nasik ROH - RD-33, Engine Division,
MiG 21 BIS R25, R-29B Koraput

MiG 27
Aircraft Overhaul
Division (AOD), Nasik
 Accessories Complex

Platforms Repair and Overhaul Products & Services

Products Divisions

Mechanical and
Avro Hydraulic Accessories Division,
Accessories Lucknow
Do-228

Transport Aircraft Avionics –

Division (TAD), Kanpur Communication Avionics Division,
Do-228 Equipment and Hyderabad
Radio Navigation

Avionics – Avionics Division,

Navigation Systems Korwa
AN-32

Transport Aircraft
Division (TAD), Kanpur
 R&D Programmes
Fixed Wing Rotary Wing Upgrade Unmanned Aerial
Vehicle (UAV)

HTT-40
(Basic Trainer Aircraft) Light Combat Helicopter JAGUAR MINI UAV
(LCH)

LCA-TEJAS
MIRAGE RUSTOM-II
Light Utility Helicopter HTFE-25kN HTSE-1200kW
(LUH)
ENGINES

Fifth Generation Fighter

Aircraft (FGFA)
 Intellectual Property Rights (IPRs)

IPRs Application Filed

1400 1291 1314

1200 1094
1000 IPRs Held as of
Dec 2016 : 42
800

600 (Patent : 09
Copy Rights: 33)
400
278
200
71
0
Upto 2012-13 Upto 2013-14 Upto 2014-15 Upto 2015-16 Upto Nov 2016
 Enabling the Forces
HAL produced aircraft in IAF fleet
FIGHTERS TRAINERS
79%
21% 31 % 69%

HELICOPTERS
TRANSPORT
38%
40%
62%

60%

AROUND 75% TOTAL FLEET IS SUPPORTED BY HAL

 HAL Produced Aircraft in Navy Fleet

TRAINERS HELICOPTERS

100% 64%
36%

TRANSPORT
60%
40%

AROUND 66% TOTAL FLEET IS SUPPORTED BY HAL

HAL Produced Aircraft in Army & CG Fleet

HELICOPTERS

100%

HELICOPTERS TRANSPORT
100%
100%

100% FLEET IS SUPPORTED BY HAL

 Joint Venture Companies
JV COMPANY PRODUCT PROFILE
BAeHAL Software Ltd., Bangalore Software Solutions & Services to defence &
aerospace industries

Manufacture of precison Aero Engine

Snecma HAL Aerospace Pvt. Ltd., Bangalore
components

HALBIT Avionics Pvt. Ltd. Bangalore Design & Development of Simulators

Indo Russian Aviation Ltd. Nasik Product Support for Russian Aircraft

HAL Edgewood Technologies Pvt. Ltd. Manufacture of Miniature Electronic modules &
GLOBAL Bangalore avionic systems
PARTNERS HATSOFF Helicopter Training Pvt. Ltd. Simulator based Training
Bangalore
International Aerospace Manufacturing Manufacture of shrouds for Civil Aero Engines
Pvt. Ltd., Bangalore (Rolls Royce)
Multirole Transport Aircraft Ltd. Design, Development & Manufacture of
Bangalore Multirole Transport Aircraft
Helicopter Engine MRO Pvt. Ltd.
MRO of Helicopter Engines
Goa
 Joint Venture Companies
JV COMPANY PRODUCT PROFILE
Design Work packages for Aero-
Infotech HAL Ltd.
engines

Samtel HAL Display Systems Airborne Multi Function Displays

INDIAN
PARTNERS Design Work packages for Airframe
Research Tata HAL Technologies Ltd.
structures
&
DevelopmentAerospace & Aviation Sector Skill Council Development of Skilled Manpower in
Aerospace and Aviation

Upcoming Joint Venture Companies

Joint venture for manufacture of Ka-226T Helicopter in India under “Make in India”
 Subsidiary Companies

A 100% owned subsidiary in the name and style of Naini Aerospace

Limited was incorporated on 29th December, 2016.
 Share capital and shareholding

• The Authorised Capital of the Company is Rs. 600 Crore consisting of 60,00,00,000 equity shares having
face value of Rs.10 each.

• The Issued, Subscribed and Paid-up share capital is Rs.361.50 Crore, comprising 36,15,00,000 shares of
Rs.10 each.

• The Government of India is holding 100% equity.

 Corporate Governance
• The Company is adhering to all Corporate Governance Requirement as per DPE Guidelines.

• It is Governed by Board of Directors duly assisted by various sub Committees:

 Audit Committee
 Nomination & Remuneration Committee
 CSR & Sustainable Development Committee
 Shareholders / Investors Grievance Committee
 Procurement Sub-Committee
 Business Strategy Sub-Committee
 Management Committee
 Technology & Design Policy Committee
 IPO Committee
 HR Committee
• Code of Conduct prescribed for all Directors and Senior Management
• Whisle Blower Policy
HAL’s Products in International Aero Shows

 Indigenously Designed and Developed aircraft

Light Combat Aircraft (LCA-Tejas) participated
showcased for the first time at Bahrain
International Airshow

 Advanced Light Helicopter (Sarang helicopter

display team of IAF) participated in the flying
display at Bahrain International Air Show
 Awards & Recognition

SCOPE Excellence Award’ for outstanding Raksha Mantri Award for Excellence in
contribution to the Public Sector Management. Performance under institutional category
• FICCI R & D award in recognition of contribution in creating domestic capabilities.
• 'National Export Award for Star Performance' by Engineering Export Promotion Council (EEPC)
• Best Enterprise award in aeronautic sphere by European Business Assembly.
• “BT–Star PSU Excellence Awards 2015
• “Performance Excellence Award for Star Performance’” in platinum category for its financial and operational
strength from Indian Institution of Industrial Engineering (IIIE).
 HAL’s Products in Relief Operations

Operation Rahat Operation Maitri Rescue at Siachen

NUMBER OF SORTIES FLOWN BY ALH : 2380 NUMBER OF SORTIES

(Over 600 Hrs of flying Cumulative) FLOWN BY ALH : 244
(Over 450 Hrs of flying ALH Dhruv was used in
ALH Dhruv performed very effectively during Cumulative) airlifting Lance Naik
“Operation Rahat” (Jun 2013) in massive rescue Hanumanthappa soldier
and relief operation in the flood and landslide ALH Dhruv Operated by from Siachen glacier at an
affected areas of Uttarakhand Indian Army Aviation played altitude of more than
an important role in the 19,000 ft who was
American Helicopter Society (AHS) Honoured rescue operation in the miraculously alive having
Indian team for the heroic operations of “ALH earthquake devastated trapped under snow for
Dhruv” regions of Nepal more than five days.
 Trend Over the Years Rs Crs

TURNOVER EXPORT TURNOVER

490
16736 500 440 449
17000
383
15621 400 348
16000
15128
15000 300
14204 14324
14000 200

13000 100

12000 0
11-12 12-13 13-14 14-15 15-16 11-12 12-13 13-14 14-15 15-16

PROFIT BEFORE PROFIT AFTER TAX

2997
TAX(PBT) 3000
2539
2693
2388
3578 2500
3600 3497
2000 1654
3400 3329 3288
1500
3173
3200 1000
3000 500
2800 0
11-12 12-13 13-14 14-15 15-16 11-12 12-13 13-14 14-15 15-16
 Material Consumption to VOP %
56.39 57.66
54.53 53.08
45.39

11-12 12-13 13-14 14-15 15-16

Employee Benefit Expenses to Turnover %

21.63
19.15 19.49
17.75
17.08

11-12 12-13 13-14 14-15 15-16

 TRADE RECEIVABLES
8000 190

6917
7000 170
6258
167
6000 5530 150
5132
(RS CRS)

5000 146
141

(NO OF DAYS)
130
3917
4000
110
3000 112
101 90
2000

1000 70

0 50
11-12 12-13 13-14 14-15 15-16

Trade Rceivalbles No of Days of Trade Receivable to Turnover

 INVENTORIES
30000 700

25153
25000 24159 650
22361

20000 600
17980
16153

(No of Days)
(Rs Crs)

15000 564 550

10000 514 511 500

5000 464 462 450

0 400
11-12 12-13 13-14 14-15 15-16

Inventory No of Days of Inventory to VOP

 PAT to Net worth % Dividend to PAT % Dividend to Net worth %

Return on Investment
70.00

7.18
60.00
6.16 5.93 5.05
32.05
50.00 33.05 37.93
27.48

40.00
2.86
20.10
30.00
22.40 22.40

20.00 17.93
14.23 13.32

10.00

0.00
11-12 12-13 13-14 14-15 15-16
 Earning Per Share (Rs.)
250.00 210.74
200.00
150.00
100.00 62.18 55.86 49.54 34.31
50.00
0.00
11-12 12-13 13-14 14-15 15-16

NO OF EQUITY SHARES NET WORTH RS CRS

NOS(CRS) 16786
13378 15015
11339 12419
48.20 48.20 36.15
12.05 12.05
11-12 12-13 13-14 14-15 15-16 11-12 12-13 13-14 14-15 15-16

EPS
The Company has issued 36.15 Crs Equity Shares @ Rs. 10 each on 7.2.2014. Accordingly
EPS for 2012-13 has been re-cast.
Net Worth
The Company has bought back 12.05 Crs Equity shares of Rs. 10/- each on 30th March 2016
resulting in reduction in Net worth in 2015-16.
 R&D Expenses to EBIDTA to Turnover %
Turnover (%) 29.00
28.52 28.61
28.00
15.00 27.64
13.61 27.00
26.00
10.00 25.52
25.00 24.75
6.81 7.16 6.67 7.06
24.00
5.00
23.00

0.00 22.00
11-12 12-13 13-14 14-15 15-16 11-12 12-13 13-14 14-15 15-16

Dividend (Exc. Tax) Capital Expenditure

Rs Crs Rs Crs
1000 2000
890
800 814 824 1500 1430
600 627 1058
1000 966 923
480 874
400
500
200
0
0
11-12 12-13 13-14 14-15 15-16
11-12 12-13 13-14 14-15 15-16
THANK YOU