Loading…
Indian subsidiary of Korea's Hyundai, the country's second-largest car maker selling hatchbacks, sedans and SUVs.
Indian subsidiary of Korea's Hyundai, the country's second-largest car maker selling hatchbacks, sedans and SUVs.
Sells through a nationwide dealer network, with SUVs now carrying more of the volume than small hatchbacks and exports through Chennai adding to sales. The Korean parent Hyundai Motor Company holds the large majority of shares after the 2024 listing, and it took over General Motors' idle Talegaon plant to add capacity.
In one line: India's #2 mass-market automaker, akin to a local Honda.
Moat: narrow (brand, distribution, installed base). Global Hyundai brand and design cachet plus a large Indian dealer network built since the 1990s.
Headquarters: Chennai, India · Founded: 1996 · Employees: 16,844
Size Hyundai Motor India (HYUNDAI.NS) is an India Consumer Discretionary company (Motor Vehicles) with a market value of $18.3B, the 55th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,130 on 6 Nov 2026.
Performance Over six months the shares gained 16.0%, against -8.2% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +8.0%); the operating margin is 7.0% (peer median 5.8%).
Valuation It trades at 33.0× forward earnings against a peer median of 11.7× (5th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 16.4 points above its cost of capital (12.8% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹739B | ₹708B | ₹692B | ₹689B | ₹594B |
| Revenue growth | — | +2% | 0% | +16% | — |
| Gross profit | ₹149B | ₹146B | ₹143B | ₹125B | ₹99.1B |
| EBITDA | ₹74.7B | ₹87.5B | ₹90.8B | ₹88.9B | ₹73.3B |
| Net income | ₹45.7B | ₹54.3B | ₹56.4B | ₹60.6B | ₹47.1B |
| Free cash flow | n/a | ₹35.3B | -₹1.51B | ₹68.2B | ₹51.1B |
| Capital expenditure | n/a | ₹42.7B | ₹53.1B | ₹32.5B | ₹22.6B |
| Total debt | ₹6.36B | ₹11.0B | ₹8.50B | ₹8.33B | ₹11.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hyundai Motor India HYUNDAI.NS | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% |
| Maruti Suzuki India MARUTI.NS | $42.3B | -7% | +30% | 7% | 30.1× | 27.7% |
| Tata Motors Passenger Vehicles TMPV.NS | $11.4B | -19% | -22% | 0% | 10.7× | n/a |
| Mahindra & Mahindra M&M.NS | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HYUNDAI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.5% | +3.0% | 8th highest of 21 |
| 6-month return | +16.0% | -8.2% | 4th highest of 21 |
| Distance from 52-week high | -13.7% | -26.6% | 6th highest of 21 |
| Revenue growth (TTM) | +8.0% | +8.0% | 10th highest of 20 |
| Operating margin | 7.0% | 5.8% | 9th highest of 21 |
| Forward P/E | 33.0× | 11.7× | 5th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 26.6% | 1.0% | 3rd most demanding of 13 |
| Growth delivered (Del g) | +11.8% | +14.0% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | +14.8 pp | -12.3 pp | most demanding of 12 |
| ROIC minus cost of capital | +16.4 pp | +1.7 pp | 4th highest of 20 |
| EV / EBITDA | 22.2× | 13.7× | 3rd most expensive of 11 |
| Net debt / EBITDA | -0.9× | -0.5× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| SAIC Motor 600104.SS | China | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% | -2.4% |
| Chery Automobile 9973.HK | Hong Kong | $17.8B | -22% | +11% | 5% | 5.8× | n/a | n/a |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |
| Stellantis STLAP.PA | France | $17.0B | -40% | -2% | -14% | 8.2× | n/a | n/a |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
| Tata Motors TMCV.NS | India | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% | n/a |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Great Wall Motor 2333.HK | Hong Kong | $15.7B | -48% | +13% | 2% | 5.9× | -5.1% | +15.6% |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| Kia 000270.KS | South Korea | $28.3B | -34% | +8% | 7% | 5.4× | -12.9% | +14.0% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Seres 9927.HK | Hong Kong | $11.4B | -54% | -2% | -4% | 90.9× | n/a | n/a |
| Bajaj Auto BAJAJ-AUTO.NS | India | $31.7B | +3% | +48% | 19% | 24.0× | 27.3% | +17.4% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |