Hi All,
I have started understanding the business of HAL and have gone through this thread in detail.
Considering the large order book, and possibilities of export, stock price looks close to fair value or marginally overvalued. I am unable to decide P/E range for this PSU as of now.
Also, I have not understood the reason for only 3% Tax in March 2022 (FY22). It would be good to hear from those who have already invested in this stock. Does this happen frequently that, tax fluctuates in this business or was it some one off reason.
Due to this very low 3% tax in FY22, EPS has zoomed from 96.88 to 152.11 in FY22. This is about 57% PAT growth. PBT has not gone up that much. So mainly EPS growth has come from low tax payout. I might have missed the reason for this while reading the thread.
Disc : No investment.
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