NSE: HYUNDAI · BSE: 544274
HYUNDAI MOTOR INDIA LTD
Manufactures and sells passenger cars and utility vehicles in India through a domestic portfolio spanning SUVs, sedans, hatchbacks and CNG variants, alongside overseas shipments. In Q1 FY27, total sales were 1,78,082 vehicles, of which 1,39,374 were domestic (up 5.4% YoY) and 38,708 were exports; SUVs made up 70% of the domestic mix and CNG models an all-time 18.2%. The Pune plant is adding a third shift from October 2026 — preponed by two years on Venue demand — to lift phase-1 capacity to 170,000 units at three shifts, supporting an FY27 volume growth guidance of 8-10% YoY. A mid-SUV is lined up for festive launch and the first mass-market dedicated EV is targeted with day-one PLI eligibility, while a green-fuel portfolio spanning CNG, hybrid and EVs is aimed at over 50% of sales by 2030. Cost structure is dominated by materials at 70.9% of revenue, followed by other opex at 12.6%, capex at 6.0%, employees at 3.9% and depreciation at 3.1%. Cumulative sales since 1996 stand at 13.5 million vehicles against cumulative investment of more than Rs 40,000 crore; localisation is at 83% versus a 90% target by 2030. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Domestic passenger vehicle sales, Exports, CNG variants, Upcoming dedicated EV. Cyclical, capital-intensive passenger vehicle manufacturing with growing SUV and CNG mix
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 69,193 | 70,763 |
| EBITDA (ex other income) | 8,954 | 8,598 |
| margin % | 12.9 | 12.2 |
| Owners' profit | 5,640 | 5,432 |
| EPS, as reported (₹) | 69.41 | 66.85 |
| ROE % · ROCE % | 34.6 · 41.0 | 27.1 · 32.6 |
| Debt / equity (x) | 0.05 | 0.05 |
| Cash from operations | 4,345 | 7,321 |
| Capex | (5,307) | (4,266) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17,260 | 16,648 | 17,940 | 16,413 | 17,461 | 17,973 | 18,916 | 16,335 |
| Profit before tax | 1,850 | 1,563 | 2,175 | 1,847 | 2,126 | 1,666 | 1,604 | 1,202 |
| Net profit | 1,375 | 1,161 | 1,614 | 1,369 | 1,572 | 1,234 | 1,256 | 889 |
| EPS (₹) | 16.93 | 14.29 | 19.87 | 16.85 | 19.35 | 15.19 | 15.45 | 10.94 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MARUTI SUZUKI INDIA LTD. | 3,59,988 | 25.1 | 3.36 | 13.9 | 13.7 | 16.8 | 21.1 | 11.8 |
| MAHINDRA & MAHINDRA LTD | 3,43,688 | 17.3 | 3.14 | 11.7 | 17.0 | 11.5 | 21.7 | 19.9 |
| HYUNDAI MOTOR INDIA LTD ◆ | 1,51,238 | 30.6 | 7.56 | 15.0 | 27.1 | 32.2 | — | 10.9 |
| TATA MOTORS PASS VEH LTD | 96,252 | — | 0.81 | 7.0 | 69.5 | (1.0) | 6.1 | 7.6 |
| FORCE MOTORS LIMITED | 22,900 | 18.3 | 5.46 | 12.2 | 28.9 | 33.7 | 35.4 | 15.0 |
| OLECTRA GREENTECH LIMITED | 8,007 | 45.2 | 6.49 | 23.8 | 14.6 | 16.8 | 52.4 | 12.2 |
| HINDUSTAN MOTORS LTD. | 278 | 66.5 | 8.66 | — | (0.1) | (0.2) | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.6 | 27.8 | 9 of 16 | 47% |
| P/B | 7.6 | 4.8 | 14 of 17 | 19% |
| ROCE | 32.1 | 10.9 | 2 of 20 | 95% |
| ROE | 27.1 | 14.6 | 4 of 17 | 81% |
| Debt / Equity | 0.1 | 0.6 | 7 of 17 | 63% |
| EBITDA margin | 10.9 | 10.9 | 9 of 17 | 50% |
| Revenue growth | (0.5) | 29.7 | 14 of 16 | 13% |
| Profit growth | (35.1) | 16.9 | 13 of 17 | 25% |
| Market cap | 151238 | 16560 | 6 of 21 | 75% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Hyundai launches BAYON mid-size SUV at Rs 9.99 lakh | business updates | medium | — | — |
| 22 Oct 2026 · Hyundai Motor India schedules Q2 FY2027 earnings call for October 28, 2026 | board shareholder meetings | low | — | — |
| 21 Oct 2026 · Board meeting on Oct 28, 2026 to consider Q2 and H1 FY27 results | results | low | — | — |
| 14 Oct 2026 · Hyundai Motor India inaugurates Pune plant, to invest Rs 11,000 crore | capex operations | high | — | — |
| 13 Oct 2026 · Hyundai Motor Group commits USD 15.5 billion India investment through 2032 | business updates | high | — | — |
| 7 Oct 2026 · Routine compliance certificate filed for quarter ended September 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Hyundai Motor India posts highest-ever monthly sales of 77,916 units in Sep 2026 | business updates | medium | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 18 Sept 2026 · Hyundai Motor India - Analyst meet rescheduled to Sept 24 | board shareholder meetings | low | — | — |
| 15 Sept 2026 · Hyundai Motor India schedules investor meeting with JP Morgan on Sep 23 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.