{"id":342880,"date":"2026-11-10T11:20:17","date_gmt":"2026-11-10T05:50:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=342880"},"modified":"2026-11-10T11:20:17","modified_gmt":"2026-11-10T05:50:17","slug":"hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/","title":{"rendered":"HAL Share Price: 35.0% CAGR in 3 Years as the Aircraft Maker Holds Its Own Against BEL and Mazagon Dock"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#HAL_Share_Price_350_CAGR_in_3_Years_as_the_Aircraft_Maker_Holds_Its_Own_Against_BEL_and_Mazagon_Dock\" title=\"HAL Share Price: 35.0% CAGR in 3 Years as the Aircraft Maker Holds Its Own Against BEL and Mazagon Dock\">HAL Share Price: 35.0% CAGR in 3 Years as the Aircraft Maker Holds Its Own Against BEL and Mazagon Dock<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#How_Much_Has_the_HAL_Share_Price_Returned_in_3_Years\" title=\"How Much Has the HAL Share Price Returned in 3 Years?\">How Much Has the HAL Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#HAL_vs_Bharat_Electronics_Data_Patterns_India_and_Mazagon_Dock_Shipbuilders_3-Year_CAGR_Compared\" title=\"HAL vs Bharat Electronics, Data Patterns India and Mazagon Dock Shipbuilders: 3-Year CAGR Compared\">HAL vs Bharat Electronics, Data Patterns India and Mazagon Dock Shipbuilders: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#What_Is_Driving_the_HAL_Stock\" title=\"What Is Driving the HAL Stock?\">What Is Driving the HAL Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#How_to_Compare_Defence_Stocks_Yourself\" title=\"How to Compare Defence Stocks Yourself\">How to Compare Defence Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#A_Large_Defence_Compounder_With_a_Strong_Return_on_Equity\" title=\"A Large Defence Compounder With a Strong Return on Equity\">A Large Defence Compounder With a Strong Return on Equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#What_is_the_HAL_share_price_today\" title=\"What is the HAL share price today?\">What is the HAL share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#What_is_the_3-year_CAGR_of_the_HAL_stock\" title=\"What is the 3-year CAGR of the HAL stock?\">What is the 3-year CAGR of the HAL stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#Is_HAL_better_than_BEL\" title=\"Is HAL better than BEL?\">Is HAL better than BEL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#What_does_Hindustan_Aeronautics_do\" title=\"What does Hindustan Aeronautics do?\">What does Hindustan Aeronautics do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#Is_the_HAL_stock_debt_free\" title=\"Is the HAL stock debt free?\">Is the HAL stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#Is_HAL_expensive_compared_with_the_industry\" title=\"Is HAL expensive compared with the industry?\">Is HAL expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#Which_defence_stock_gave_the_highest_return_in_3_years\" title=\"Which defence stock gave the highest return in 3 years?\">Which defence stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/hal-share-price-3-year-cagr-vs-defence-peers-bel-data-patterns-mazagon-dock\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"HAL_Share_Price_350_CAGR_in_3_Years_as_the_Aircraft_Maker_Holds_Its_Own_Against_BEL_and_Mazagon_Dock\"><\/span><strong>HAL Share Price: 35.0% CAGR in 3 Years as the Aircraft Maker Holds Its Own Against BEL and Mazagon Dock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>HAL previous close Rs 4,999. 3-year CAGR 35.0%. Up 2.5x since 9 Nov 2023. ROE 22.21%. Market cap Rs 3,32,983 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>HAL share price<\/strong> closed at Rs 4,999 on 9 November 2026, a compounded annual return of 35.0% over three years. That compares with Bharat Electronics at 41.9%, Data Patterns India at 28.8% and Mazagon Dock Shipbuilders at 23.4%. The company has a market cap of Rs 3,32,983 crore and a P\/E of 35.72 against an industry P\/E of 47.55.<\/p>\n<\/p><\/div>\n<p>The <strong>HAL share price<\/strong> has been one of the most closely followed defence stories on Dalal Street. Hindustan Aeronautics, the Bengaluru-based maker of fighter aircraft, helicopters and engines that listed in 2018, has multiplied investor money about two and a half times in three years.<\/p>\n<p>This article compares that run with Bharat Electronics, Data Patterns India and Mazagon Dock Shipbuilders. We calculate the three-year CAGR for all four and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=hal-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_HAL_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the HAL Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The HAL stock closed at Rs 2,030.80 on 9 November 2023 and at Rs 4,999.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.46 lakh, which is a CAGR of 35.0%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as HAL can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>HAL share price<\/strong> has also followed the theme of indigenous defence manufacturing, where government orders for aircraft, helicopters and related systems have widened the order book of Indian defence companies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HAL_vs_Bharat_Electronics_Data_Patterns_India_and_Mazagon_Dock_Shipbuilders_3-Year_CAGR_Compared\"><\/span><strong>HAL vs Bharat Electronics, Data Patterns India and Mazagon Dock Shipbuilders: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 9 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (9 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bharat Electronics<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 137.95<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 394.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">41.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Hindustan Aeronautics<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,030.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,999.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.5x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Data Patterns India<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,883.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,025.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.1x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">28.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mazagon Dock Shipbuilders<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 998.23<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,878.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.4%<\/td>\n<\/tr>\n<\/table>\n<p>The HAL stock ranks second of the four at 35.0%. It sits ahead of Data Patterns India (28.8%) and Mazagon Dock Shipbuilders (23.4%). The company ahead is Bharat Electronics (41.9%). BEL leads the group, with HAL in second place, followed by Data Patterns and Mazagon Dock. HAL is by far the largest of the four by market cap, so its yearly return came on a very large base of capital.<\/p>\n<p>Look at the <strong>HAL share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/hal\/hindustan-aeronautics-ltd-share-price-today\">Hindustan Aeronautics<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,32,983 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.72<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">22.21%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/bel\/bharat-electronics-ltd-share-price-today\">Bharat Electronics<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,88,151 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">45.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.37%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mazdock\/mazagon-dock-shipbuilders-ltd-share-price-today\">Mazagon Dock Shipbuilders<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 75,755 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">30.91<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.45%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/datapattns\/data-patterns-%28india%29-ltd-share-price-today\">Data Patterns India<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 22,506 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">93.49<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">51.77<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">13.97%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Hindustan Aeronautics is the largest of the group at Rs 3,32,983 crore, which gives it the scale advantage over Bharat Electronics, Data Patterns India, Mazagon Dock Shipbuilders. On earnings, HAL shares trade at a P\/E of 35.72 against an industry P\/E of 47.55, a discount of about 25% to the sector, which leaves room if earnings keep growing. Peer multiples are Bharat Electronics at 45.00, Data Patterns India at 93.49 and Mazagon Dock Shipbuilders at 30.91.<\/p>\n<p>Return on equity is 22.21% for the HAL stock, which ranks third among the four, and debt to equity stands at 0.00. Trailing EPS is Rs 139.38. Defence companies are valued on their order books, so the P\/E should be read together with return on equity and the visibility of future orders.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_HAL_Stock\"><\/span><strong>What Is Driving the HAL Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindustan Aeronautics designs, builds and services aircraft, helicopters, aero engines and avionics for the Indian armed forces. Its programmes include the Tejas light combat aircraft and a range of helicopters.<\/p>\n<p>Aircraft programmes run over many years, which gives the company a long runway of revenue visibility. Repair, overhaul and spare parts add a steady stream of work alongside new builds.<\/p>\n<p>Followers of the <strong>HAL share price<\/strong> usually track fresh orders, delivery schedules for ongoing programmes, export opportunities and margins on mature products.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Electronics makes radars, communication systems and electronic warfare equipment for the armed forces, and it is a large Navratna public sector company. It compounded at 41.9% a year, on a market cap of Rs 2,88,151 crore and an ROE of 24.37%.<\/p>\n<p>Data Patterns India is a Chennai-based maker of defence and aerospace electronics such as radars and electronic warfare systems. It compounded at 28.8% a year, on a market cap of Rs 22,506 crore and an ROE of 13.97%.<\/p>\n<p>Mazagon Dock Shipbuilders is a Mumbai-based shipyard that builds submarines and destroyers for the Indian Navy. It compounded at 23.4% a year, on a market cap of Rs 75,755 crore and an ROE of 23.45%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>HAL share price<\/strong>. First, the size and quality of the order book. Second, the pace of deliveries on current programmes. Third, progress on engine and export related opportunities.<\/p>\n<p>At a P\/E of 36, expectations are meaningful. Defence order timing can shift from quarter to quarter, so size any position with that in mind.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of defence stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Defence_Stocks_Yourself\"><\/span><strong>How to Compare Defence Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the HAL stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>HAL share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>HAL share price<\/strong> and compare defence stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Large_Defence_Compounder_With_a_Strong_Return_on_Equity\"><\/span><strong>A Large Defence Compounder With a Strong Return on Equity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>HAL share price<\/strong> compounded at 35.0% a year over three years, ahead of Data Patterns at 28.8% and Mazagon Dock at 23.4%, and behind BEL at 41.9%. Its ROE of 22.21% and zero debt reflect a strong financial profile.<\/p>\n<p>BEL brings defence electronics demand, Data Patterns offers a focused niche, and Mazagon Dock brings submarine capability. The choice depends on which part of the defence chain you want to follow.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_HAL_share_price_today\"><\/span><strong>What is the HAL share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Aeronautics closed at Rs 4,999 on 9 November 2026, according to NSE data. It has a market cap of Rs 3,32,983 crore and a P\/E of 35.72. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_HAL_stock\"><\/span><strong>What is the 3-year CAGR of the HAL stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Aeronautics delivered a price CAGR of 35.0% over three years, moving from Rs 2,030.80 on 9 November 2023 to Rs 4,999.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HAL_better_than_BEL\"><\/span><strong>Is HAL better than BEL?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The BEL stock delivered a higher three-year CAGR at 41.9% than HAL at 35.0%. BEL is larger by market cap at Rs 2,88,151 crore, while HAL has a similar ROE at 22.21% against 24.37% and a lower P\/E of 35.72 against 45.00. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Hindustan_Aeronautics_do\"><\/span><strong>What does Hindustan Aeronautics do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Aeronautics is a Bengaluru-based Ministry of Defence public sector company that designs and manufactures aircraft, helicopters, aero engines and avionics.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_HAL_stock_debt_free\"><\/span><strong>Is the HAL stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the HAL stock is 0.00 and its return on equity is 22.21%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HAL_expensive_compared_with_the_industry\"><\/span><strong>Is HAL expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HAL trades at a P\/E of 35.72 against an industry P\/E of 47.55. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_defence_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which defence stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Bharat Electronics delivered the highest three-year CAGR at 41.9%, followed by Hindustan Aeronautics at 35.0%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the HAL share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hindustan Aeronautics closed at Rs 4,999 on 9 November 2026, according to NSE data. It has a market cap of Rs 3,32,983 crore and a P\/E of 35.72. 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