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Hyundai Motor India

HYUNDAI NSE
₹2,063.00 +33.00 (+1.63%)
P/E
36.64
View as Markdown
MCP
Close 4 Nov 2026 ₹2,063.00 −290.40 −12.3% 1Y
Start ₹2,353.40

Key Fundamentals

LargecapAutomobilesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
38.40%
Debt to Equity
0.03
EPS (TTM)
₹56.30
Book Value
₹250.75
Market Cap
—
P/E (TTM)
36.64
P/B
8.23
ROE
29.90%
Dividend Yield
1.03%
EBITDA
₹9,548 Cr
52W High
₹2,463.50
52W Low
₹1,658.00
Day Range
₹2,021.10 – ₹2,067.50
Volume
7,38,050

Peer Comparison

Consumer Discretionary › Automobiles › Passenger Cars & Utility Vehicles

Hyundai Motor India peer comparison
Maruti
₹11,995.0028.04₹3,73,667 Cr3.461.18%14.30%18.90%₹2,08,192 Cr₹13,451 Cr
Mahindra & Mahindra
₹2,961.9019.94₹3,64,230 Cr3.951.13%20.30%15.10%₹2,11,375 Cr₹20,243 Cr
Hyundai Motor India (this company)
₹2,063.0036.64₹1,64,832 Cr8.231.03%29.90%38.40%₹73,920 Cr₹4,575 Cr
Tata Motors Passenger Vehicles
₹278.50—₹1,02,686 Cr0.921.08%75.70%2.73%₹3,43,703 Cr₹79,502 Cr
Force Motors
₹18,148.0019.10₹23,063 Cr5.160.28%26.10%36.00%₹9,200 Cr₹1,253 Cr
Olectra Greentech
₹1,058.7048.99₹8,392 Cr7.100.06%15.60%21.00%₹2,540 Cr₹180 Cr
Median 6 companies₹2,512.4528.04₹1,33,759 Cr4.561.06%23.20%19.95%₹1,41,056 Cr₹9,013 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
66
Good
Returns, margins, earnings quality 22% weight
Valuation
70
Strong
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
76
Strong
Solvency, leverage, coverage 9% weight
Momentum
50
Average
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
  • Company has been maintaining a healthy dividend payout of 26.5%

Weaknesses

2
  • Stock is trading at 7.62 times its book value
  • The company has delivered a poor sales growth of 11.6% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4312
OscillatorsNeutral333
Moving AveragesStrong Bullish109

Key readings

RSI (14)
60.44
Neutral
MACD (12,26,9)
−18.95
Bullish
SMA (50)
2,065.33
Bearish
SMA (200)
2,023.95
Bullish

As of

Analyst Rating

Based on 29 analysts
BUY90%

26 of 29 analysts rate Buy, 1 Hold, 2 Sell.

As of

BUY
26
90%
HOLD
1
3%
SELL
2
7%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
5Y+11.55%
3Y+5.47%
1Y+2.27%
TTM+7.97%

Net profit

Net profit growth by window
5Y+23.63%
3Y+4.88%
1Y−3.69%
TTM−19.96%

Operating cash flow

Operating cash flow growth by window
5Y+6.19%
3Y+3.71%
1Y+68.49%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+1.73 pp
3Y−0.43 pp
1Y−0.78 pp
TTM−3.07 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹40,972 Cr
Mar 2022₹47,378 Cr
Mar 2023₹60,308 Cr
Mar 2024₹69,829 Cr
Mar 2025₹69,193 Cr
Mar 2026₹70,763 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹1,881 Cr
Mar 2022₹2,902 Cr
Mar 2023₹4,709 Cr
Mar 2024₹6,060 Cr
Mar 2025₹5,640 Cr
Mar 2026₹5,432 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹2,284 Cr +22.5% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

As of 2026-11-02, Hyundai Motor India trades at ₹1,985 with a market cap of ₹1,58,689 crore and a P/E of 35.26x. The company operates with near-zero debt (debt-to-equity of 0.05) and strong return ratios (ROE of 27.14%, ROCE of 32.62%), but faces headwinds from a TTM profit decline of 20% and a stock that has fallen 22% over the past year from its 52-week high of ₹2,463.50.

Bull Case 7
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.05, providing significant financial flexibility and resilience during economic downturns.
  • Return on equity stands at a robust 27.14% as of the latest period, with a 3-year average ROE of 36%, indicating consistently efficient capital deployment.
  • ROCE of 32.62% signals strong underlying business economics and the ability to generate attractive returns on total capital employed.
  • The company maintains a healthy dividend payout ratio of 26.5% with a current dividend yield of 1.1%, offering a degree of income return to shareholders.
  • Compounded sales growth over 5 years stands at 12%, and TTM revenue growth of 8% suggests the top line continues to expand despite broader industry challenges.
  • Compounded profit growth over 5 years is 24%, demonstrating the company's ability to scale earnings meaningfully over a longer horizon.
  • At ₹1,985 the stock trades roughly 19% below its 52-week high of ₹2,463.50, which may offer a more favourable entry valuation relative to recent peaks.
Bear Case 7
  • TTM profit growth has turned sharply negative at -20%, marking a significant reversal from the 5-year compounded profit growth of 24% and raising questions about near-term earnings trajectory.
  • The stock trades at 7.92x book value, a rich valuation that leaves limited room for error if growth slows further.
  • A trailing P/E of 35.26x is elevated for an auto company with only 5% compounded profit growth over 3 years, suggesting the market may be pricing in a recovery that is yet to materialise.
  • The stock has declined 22% over the past one year, underperforming and reflecting weakening investor sentiment around the earnings trajectory.
  • Compounded sales growth over 3 years is only 5%, and the 5-year figure of 12% has been flagged as poor, indicating limited top-line momentum relative to the premium valuation.
  • Three-year compounded profit growth of just 5% contrasts sharply with the 5-year figure of 24%, suggesting the more recent trend is one of earnings stagnation.
  • Despite a near debt-free balance sheet, the company's last-year ROE of 30% is lower than its 3-year average of 36%, indicating some dilution in return efficiency.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Hyundai Motor India is delivering strong volume growth with record monthly (82,299 units) and quarterly (219,072 units) sales, but profitability is under significant pressure as net profit fell 23.9% and EBITDA margins contracted to 9.5% due to raw material cost inflation. The key inflection point is H2 FY27 margin recovery — management's 11% full-year EBITDA margin guidance and new launches (Bayon, mass-market EV) will determine whether the stock can convert its volume momentum into sustained earnings growth.

Headwinds 4
  • Net profit drops 23.9% in Q2 Oct 29

    Consolidated net profit fell 23.9% YoY to ₹1,196 crore in Q2 FY27, while total expenses rose 24% YoY to ₹19,302 crore with material costs jumping 29%.

  • EBITDA margin contracts sharply Oct 29

    EBITDA fell 18.7% to ₹1,974 crore with margins contracting to 9.5% from 13.9% YoY, as raw material costs drove ~400 bps of pressure in the quarter.

  • EPS estimates cut on commodities Oct 29

    FY27, FY28 and FY29 EPS estimates were reduced by 8%, 4% and 4% respectively to factor in sustained commodity pressures, with copper prices flagged as a key concern.

Positives 6
  • Record monthly sales in October Nov 01

    HMIL achieved its highest-ever monthly sales of 82,299 units in October 2026, up 17.7% YoY, with domestic sales at 62,799 units (+16.7%) and exports at 19,500 units (+21.1%).

  • Record quarterly sales in Q2 FY27 Oct 29

    Quarterly sales hit an all-time high of 219,072 units, up 15% YoY and 23% sequentially, with revenue crossing ₹20,000 crore for the first time at ₹20,696 crore (+18.5% YoY).

  • $15.5 bn India investment by 2032 Oct 13

    Hyundai Motor Group announced a $15.5 billion (₹1.47 lakh crore) investment in India from 2026 to 2032 covering manufacturing, R&D (~$700 million), supply chain and future mobility.

Neutral 4
  • Margin recovery guided for H2 Oct 29

    Management guided for 11% FY27 EBITDA margin implying 12.3% in H2, supported by Tamil Nadu incentives (~1%), price hikes, and cost reduction, with EBITDA margins expected to normalise to 14% by FY29.

  • New product pipeline through FY30 Oct 29

    HMIL plans seven new nameplates by FY30 including the Bayon SUV already launched and a mass-market compact EV expected in Q4 FY27 (February 2027), targeting combined Creta-Bayon volumes of 250,000 units annually.

  • 4 million cumulative export milestone Oct 13

    Hyundai became India's first automaker to reach 4 million cumulative passenger vehicle exports since 1999, alongside nearly 10 million domestic units sold.

Quarterly Results

₹ Cr
HYUNDAI quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
18,660
16,875
17,671
17,344
17,260
16,648
17,940
16,413
17,461
17,973
18,916
16,335
20,696
Expenses
16,220
14,701
15,149
15,004
15,055
14,772
15,408
14,228
15,032
15,955
16,950
14,823
18,722
Operating Profit
2,440
2,173
2,522
2,340
2,205
1,876
2,533
2,185
2,429
2,018
1,966
1,512
1,974
OPM %
13%
13%
14%
13%
13%
11%
14%
13%
14%
11%
10%
9%
10%
Other Income
383
369
333
224
192
244
210
215
231
244
259
274
224
Interest
35
49
37
32
29
30
36
25
17
27
38
27
25
Depreciation
557
534
558
529
519
527
530
528
518
569
584
557
555
PBT
2,232
1,960
2,260
2,003
1,850
1,563
2,175
1,847
2,126
1,666
1,604
1,202
1,618
Tax %
27%
27%
26%
26%
26%
26%
26%
26%
26%
26%
22%
26%
26%
Net Profit
1,628
1,425
1,677
1,490
1,375
1,161
1,614
1,369
1,572
1,234
1,256
889
1,196
EPS (₹)
—
—
—
18.33
16.93
14.29
19.87
16.85
19.35
15.19
15.45
10.94
14.72

Profit & Loss

₹ Cr
HYUNDAI profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
40,972
47,378
60,308
69,829
69,193
70,763
73,920
Expenses
36,724
41,887
52,753
60,750
60,277
62,202
66,450
Operating Profit
4,249
5,491
7,554
9,079
8,915
8,561
7,471
OPM %
10%
12%
13%
13%
13%
12%
10%
Other Income
430
582
1,124
1,527
908
986
1,001
Interest
165
132
142
158
127
106
118
Depreciation
1,973
2,170
2,190
2,208
2,105
2,198
2,265
PBT
2,540
3,772
6,346
8,240
7,591
7,243
6,089
Tax %
26%
23%
26%
26%
26%
25%
—
Net Profit
1,881
2,902
4,709
6,060
5,640
5,432
4,575
EPS (₹)
—
—
—
—
69.41
66.85
56.3
Div. Payout %
72%
51%
99%
18%
30%
31%
—

Balance Sheet

₹ Cr
HYUNDAI balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
813
813
813
813
813
813
813
Reserves
14,499
16,044
19,242
9,853
15,484
19,202
19,562
Borrowings
1,354
1,178
1,189
833
850
1,098
636
Other Liabilities
10,065
10,324
13,329
14,850
12,951
13,292
14,801
Total Liabilities
26,731
28,358
34,573
26,349
30,097
34,404
35,811
Fixed Assets
7,288
6,671
6,150
7,614
7,105
13,070
13,033
CWIP
818
529
1,337
653
4,718
725
2,676
Investments
0
0
0
0
0
7
8
Other Assets
18,625
21,158
27,086
18,082
18,274
20,602
20,094
Total Assets
26,731
28,358
34,573
26,349
30,097
34,404
35,811

Cash Flow

₹ Cr
HYUNDAI cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,423
5,138
6,564
9,252
4,345
7,321
Investing
−2,224
−910
−1,383
−10,090
−410
−1,864
Financing
143
−1,662
−1,579
−15,930
−63
−1,591
Net Cash Flow
3,342
2,566
3,602
−16,768
3,872
3,866
Free Cash Flow
2,844
3,885
4,315
6,020
−948
3,070
CFO/EBITDA
149
108
115
127
71
103

Ratios

HYUNDAI financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
22
17
18
13
13
11
Inventory Days
30
29
28
23
25
26
Days Payable
71
55
60
53
52
52
Cash Conversion Cycle
−19
−9
−15
−16
−14
−15
Working Capital Days
−29
−25
−27
−31
−20
−20
ROCE %
—
23%
33%
51%
54%
38%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hyundai Motor India insights

59 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 82.50%
  • DIIs 11.90%
  • FIIs 3.19%
  • Public 2.07%
  • Others 0.34%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Hyundai Motor India

What does Hyundai Motor India Ltd do?
Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer in the world based on passenger vehicle sales.
Where is Hyundai Motor India Ltd (HYUNDAI) listed?
Hyundai Motor India Ltd trades as HYUNDAI on the NSE and under code 544274 on the BSE.
Which sector does Hyundai Motor India Ltd belong to?
Hyundai Motor India Ltd is classified under the Consumer Discretionary sector, in the Automobiles industry.
What is the PE ratio of Hyundai Motor India Ltd?
Hyundai Motor India Ltd trades at a PE ratio of 36.64 as of 4 Nov 2026, on earnings per share of ₹56.3, against a book value of ₹250.75 per share.
What is the 52-week high and low of Hyundai Motor India Ltd?
Over the last 52 weeks Hyundai Motor India Ltd has traded between ₹1,658 and ₹2,463.5 as of 4 Nov 2026.
Does Hyundai Motor India Ltd pay dividends?
Hyundai Motor India Ltd has a dividend yield of 1.03%.
What is the Return on Equity (ROE) of Hyundai Motor India Ltd?
Hyundai Motor India Ltd reported a return on equity of 29.90%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer in the world based on passenger vehicle sales.

Website hyundai.com
CEO Mr. Tarun Garg
Employees 6,081
Listed 22 Oct 2024
Face Value ₹10

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