Hyundai Motor India Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1.56L Cr
- P/E
- 31.54
- ROE
- 29.89%
- PEG
- 6.55
- Price to sales
- 2.20
- Debt to equity
- 0.05
- 52W high / low
- ₹2,439 / ₹1,691
- Sales growth (5Y)
- 11.55%
- EBITDA margin
- 11.21%
- Net profit margin
- 7.67%
- Promoter holding
- 82.50%
- Sales (last year)
- ₹70,685 Cr
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]
Guidance scorecard · Q2 FY27 call
What Hyundai Motor India Ltd's management guided
and where it ranks in Automobiles
RevenueQ4 FY26 call
0–10%- Domestic volume growth guidance for FY27 is 8-10%, supported by strong product launches and increased plant capacity.
- Export volume growth for FY27 is also targeted at 8-10%, despite geopolitical challenges, driven by market diversification and new product launches like the Venue, Verna PE, and Exter PE.
- April volumes showed a 17% year-on-year increase, indicating strong start to FY27.
- Two new SUV nameplates launching in FY27—one mid-SUV (ICE) and one compact dedicated EV—are expected to add substantial volume.
- Capacity expansions ongoing at Pune, increasing to 250,000 units by 2028 and 320,000 by 2030, supporting future volume growth.
2 more points from Hyundai Motor India Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Hyundai Motor India Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Hyundai Motor India Limited plans aggressive investments of approximately INR 7,500 crores in fiscal 2027, marking the highest capex in recent years.
- Around 45% to 50% of this capex will go into upcoming new product launches.
- Approximately 30% will be allocated to plant-related investments, including Phase 2 expansion in Pune and upgrades to the Chennai plant.
- Overall, Hyundai’s total capacity aims to surpass 1.1 million units by 2030.
2 more points from Hyundai Motor India Ltd's call on capex
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FundraisingQ4 FY26 call
See what Hyundai Motor India Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Strong demand across markets with healthy backorders, including Middle East, despite geopolitical disruptions.
- New Venue and upcoming product launches expected to meaningfully boost volumes and act as a catalyst for growth.
- Domestic volume growth guidance of 8-10% in FY27, supported by two new SUVs.
- Export volumes targeted to grow 8-10% in FY27, despite near-term challenges in Middle East, with active efforts to diversify markets.
2 more points from Hyundai Motor India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Automobiles
on management's own guidance
- Strong growth2
- Strong growth1
- M & MGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Automobiles companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹58,318 Cr | — | |
| 2 | 40%+ | Flat | ₹2,339 Cr | 83.8 | |
| 3 | M & M | 20–40% | Flat | ₹3.63L Cr | 18.9 |
| 4 | 20–40% | Flat | ₹2.00L Cr | 34.4 | |
| 5 | 20–40% | Flat | ₹1.95L Cr | 56.2 | |
| 6 | 20–40% | Flat | ₹17,491 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Automobiles rankingHyundai Motor India Ltd announcements
All announcements →- Capex / expansionMajor developmentHyundai Motor India inaugurates Pune plant; plans up to INR 11,000 crore investment
Financials of Hyundai Motor India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Hyundai Motor India Ltd
Shareholding breakup across reporting periods.
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters + | 82.50% | 82.50% | 82.50% | 82.50% | 82.50% | 82.50% | 82.50% | 82.50% |
| FIIs + | 6.70% | 7.17% | 7.08% | 7.34% | 6.43% | 5.43% | 3.28% | 3.19% |
| DIIs + | 7.13% | 7.00% | 7.75% | 7.73% | 8.59% | 9.71% | 11.65% | 11.85% |
| Government + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.05% |
| Public + | 3.67% | 3.32% | 2.66% | 2.42% | 2.48% | 2.37% | 2.53% | 2.40% |
| No. of Shareholders | 12,62,367 | 11,51,436 | 9,26,594 | 8,15,655 | 8,08,360 | 7,68,407 | 7,69,187 | 7,24,734 |
Financials of Hyundai Motor India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 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 |
| Profit before tax | 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 in Rs | 18.33 | 16.93 | 14.29 | 19.87 | 16.85 | 19.35 | 15.19 | 15.45 | 10.94 | 14.72 |
Financials of Hyundai Motor India Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 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 |
| Profit before tax | 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 in Rs | 69.41 | 66.85 | 56.30 | ||||
| Dividend Payout % | 72% | 51% | 99% | 18% | 30% | 31% |
Financials of Hyundai Motor India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 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 |
Financials of Hyundai Motor India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 5,423 | 5,138 | 6,564 | 9,252 | 4,345 | 7,321 |
| Cash from Investing Activity + | -2,224 | -910 | -1,383 | -10,090 | -410 | -1,864 |
| Cash from Financing Activity + | 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 Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 149% | 108% | 115% | 127% | 71% | 103% |
Financials of Hyundai Motor India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Guidance history
How Hyundai Motor India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 0–10% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
25 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −18.8% | 38% |
| Last 6 months | +2.7% | 59% |
| Last 3 months | −6.3% | 52% |
The price is 33.5% below its all-time high of ₹2,809.3 (19 Sept 2025). Stocks more than 20% below their peak have their score halved, so 49 became 25.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Hyundai Motor India Ltd: 0.4 × 38 + 0.4 × 59 + 0.2 × 52 = 49, halved to 25 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Hyundai Motor India Ltd's management said in earlier quarters
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