Hyundai Motor India Ltd
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.[1]
- Market Cap ₹ 1,98,175 Cr.
- Current Price ₹ 2,439
- High / Low ₹ 2,890 / 1,542
- Stock P/E 35.3
- Book Value ₹ 209
- Dividend Yield 0.86 %
- ROCE 54.2 %
- ROE 42.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
- Company has been maintaining a healthy dividend payout of 49.7%
Cons
- Stock is trading at 11.7 times its book value
- The company has delivered a poor sales growth of 9.50% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 43,258 | 42,979 | 40,674 | 47,043 | 59,761 | 68,539 | 67,654 | 66,889 | |
| 38,415 | 38,694 | 36,497 | 41,628 | 52,308 | 59,623 | 58,943 | 58,058 | |
| Operating Profit | 4,843 | 4,285 | 4,177 | 5,415 | 7,454 | 8,915 | 8,710 | 8,832 |
| OPM % | 11% | 10% | 10% | 12% | 12% | 13% | 13% | 13% |
| 662 | 699 | 424 | 576 | 1,112 | 1,511 | 882 | 902 | |
| Interest | 128 | 156 | 165 | 132 | 142 | 158 | 127 | 108 |
| Depreciation | 1,410 | 1,616 | 1,944 | 2,136 | 2,155 | 2,172 | 2,075 | 2,070 |
| Profit before tax | 3,968 | 3,213 | 2,493 | 3,723 | 6,269 | 8,095 | 7,391 | 7,556 |
| Tax % | 35% | 27% | 26% | 23% | 26% | 26% | 26% | |
| 2,582 | 2,355 | 1,847 | 2,862 | 4,654 | 5,954 | 5,492 | 5,613 | |
| EPS in Rs | 67.59 | 69.08 | ||||||
| Dividend Payout % | 0% | 0% | 74% | 52% | 100% | 18% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 13% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 24% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 35% |
| Last Year: | 42% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 813 | 813 | 813 | 813 | 813 | 813 | 813 | 813 |
| Reserves | 12,938 | 12,467 | 14,318 | 15,823 | 18,965 | 9,472 | 14,954 | 16,179 |
| 1,069 | 1,098 | 1,354 | 1,175 | 1,188 | 832 | 847 | 857 | |
| 8,258 | 7,953 | 10,014 | 10,274 | 13,193 | 14,537 | 12,757 | 12,739 | |
| Total Liabilities | 23,078 | 22,331 | 26,498 | 28,084 | 34,159 | 25,654 | 29,372 | 30,588 |
| 4,930 | 6,958 | 7,205 | 6,559 | 6,052 | 7,519 | 7,004 | 7,291 | |
| CWIP | 1,208 | 562 | 796 | 529 | 1,332 | 639 | 4,704 | 6,113 |
| Investments | 139 | 137 | 137 | 141 | 147 | 147 | 147 | 150 |
| 16,802 | 14,675 | 18,360 | 20,854 | 26,627 | 17,349 | 17,517 | 17,033 | |
| Total Assets | 23,078 | 22,331 | 26,498 | 28,084 | 34,159 | 25,654 | 29,372 | 30,588 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 4,270 | 4,072 | 5,365 | 5,081 | 6,476 | 9,113 | 4,251 | |
| -1,781 | -2,357 | -2,157 | -875 | -1,370 | -9,814 | -322 | |
| -465 | -2,898 | 143 | -1,662 | -1,578 | -15,929 | -62 | |
| Net Cash Flow | 2,024 | -1,184 | 3,351 | 2,544 | 3,527 | -16,630 | 3,868 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 13 | 22 | 17 | 17 | 12 | 12 |
| Inventory Days | 29 | 31 | 30 | 29 | 28 | 23 | 25 |
| Days Payable | 61 | 51 | 71 | 55 | 60 | 51 | 51 |
| Cash Conversion Cycle | -15 | -8 | -19 | -9 | -15 | -16 | -14 |
| Working Capital Days | -5 | -8 | -30 | -26 | -27 | -31 | -21 |
| ROCE % | 23% | 17% | 23% | 33% | 51% | 54% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24h - Audio recording of Q2 and H1 FY26 unaudited results presentation (ended Sep 30, 2025).
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Q2 PAT INR15,723 Mn (+14.3%), Revenue INR174,608 Mn, EBITDA INR24,289 Mn, margin 13.9%.
-
Financial Results For The Quarter And Half Year Ended September 30, 2025
1d - Q2 results: H1 PAT ₹29,060m; Talegaon production commenced 01-Oct-2025; ₹17,063m dividend paid.
-
Board Meeting Outcome for Outcome Of Board Meeting
1d - Quarter ended 30 Sep 2025: standalone revenue ₹170,610m, PAT ₹15,702m; Talegaon plant production commenced 01 Oct 2025.
Concalls
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Oct 2025TranscriptNotesPPT
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT REC
Business Profile[1] HMI offers a broad portfolio of 13 models, including sedans, hatchbacks, SUVs, and electric vehicles (EVs). It has been a key exporter, ranking second in India from April 2021 through June 2024, and has sold nearly 12 Mn vehicles domestically and internationally since inception.