HYUNDAI
Hyundai Motor India share price & financials
- Price
- ₹1,973.2
- Market cap
- ₹1.8L Cr
- Calls analysed
- 6
Hyundai Motor India Limited Q1 FY27
What went well
- Domestic volume growth of 5.4% YoY to 139,374 units, supported by favorable demand and strategic product actions.
- All-new Hyundai Venue recorded its highest-ever quarterly volumes in the domestic market.
- CNG contribution reached an all-time high of 18.2% in Q1 FY27, with Aura & Exter reaching 95% and 32% respectively.
What to watch
- Total sales declined 1.3% YoY to 178,082 vehicles due to production disruption from a supplier fire incident and geopolitical headwinds.
- Domestic volume growth of 5.4% was lower than initial expectations due to the June production disruption.
What Hyundai Motor India Limited does
Hyundai Motor India Limited manufactures and sells Hyundai-brand passenger vehicles — hatchbacks, sedans and SUVs — spanning petrol, CNG and electric powertrains. It produces vehicles at two Indian plants (Chennai in Tamil Nadu and an added plant at Pune in Maharashtra) and earns revenue from domestic sales through a nationwide dealer and service network and from exports to over 150 countries. Its line-up includes high-volume models such as Creta, Venue, Verna, Exter and Aura, alongside the IONIQ 5 electric SUV.
Segments
- Domestic
- Exports
- Manufacturing plants
- 2 (Chennai, Tamil Nadu; Pune, Maharashtra)
- Installed production capacity
- ~994,000 units/year (Chennai 824,000; Pune 170,000)
- Sales outlets
- 1,508
- Service outlets
- 1,671
- Vehicles sold (FY26)
- 775,031 units
- Export destinations
- Over 150 countries
Guidance record · Q1 FY27
what the last two calls moved 21 tracked 4 delivered 1 missed 16 open- Export volume growth delivered said Q4 FY25 Promised: 7-8% growth for FY26 Q1 FY27: Achieved in FY26. No new updates.
- Pune plant vehicle production start delivered said Q4 FY25 Promised: Q3 FY26 Q1 FY27: Achieved in Q1 FY26. New updates relate to future capacity ramp-up (third shift), not the initial production start.
- FY27 Domestic Volume Growth at risk said Q4 FY26 Promised: 8-10% growth in fiscal '27 Q1 FY27: Q1 domestic growth was 5.4% YoY, below the target range. Management reiterated the full-year guidance of 8-10%, banking on H2 recovery driven by new launches and production normalization.
All 21 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 1.0%, net profit down 33.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16,876 | 16,242 | 17,562 | 16,025 | 17,061 +1% | 17,453 +7% | 18,452 +5% | 15,865 −1% |
| EBITDA | 2,138 | 1,825 | 2,489 | 2,135 | 2,383 +11% | 1,960 +7% | 1,915 −23% | 1,447 −32% |
| Net profit | 1,338 | 1,124 | 1,583 | 1,336 | 1,570 +17% | 1,195 +6% | 1,222 −23% | 883 −34% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −13.1% 1Y
1Y: ₹2,501.5 on 10 Sept 2025 → ₹2,174. High ₹2,809.3 (19 Sept 2025), low ₹1,691.4 (6 Apr 2026).
How the price took the results
close before → close after
- Q1 FY27
- +1.3%
- 30 Jul
- Q4 FY26
- +0.9%
- 8 May
- Q2 FY26
- +1.1%
- 28 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 0.2% a year over 2 years, FY24 to FY26. Operating margin narrowed to 12.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹68.8k Cr | ₹67.7k Cr | ₹69.0k Cr |
| Operating profit | ₹9.0k Cr | ₹8.7k Cr | ₹8.4k Cr |
| Operating margin | 13.1% | 12.9% | 12.2% |
| Interest | ₹158 Cr | ₹127 Cr | ₹106 Cr |
| Depreciation | ₹2.2k Cr | ₹2.1k Cr | ₹2.2k Cr |
| Net profit | ₹6.0k Cr | ₹5.5k Cr | ₹5.3k Cr |
| Net margin | 8.7% | 8.1% | 7.7% |
| Cash from operations | ₹9.1k Cr | ₹4.3k Cr | ₹7.2k Cr |
| Free cash flow | ₹5.9k Cr | ₹-1.0k Cr | ₹3.0k Cr |
| ROCE | 51.0% | 54.0% | 39.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹813 Cr | ₹813 Cr | ₹813 Cr | ₹813 Cr | ₹813 Cr | ₹813 Cr |
| Reserves | ₹14.3k Cr | ₹15.8k Cr | ₹19.0k Cr | ₹9.5k Cr | ₹16.2k Cr | ₹18.6k Cr |
| Borrowings | ₹1.4k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹832 Cr | ₹857 Cr | ₹1.1k Cr |
| Other liabilities | ₹10.0k Cr | ₹10.3k Cr | ₹13.2k Cr | ₹14.5k Cr | ₹12.7k Cr | ₹13.1k Cr |
| Total liabilities | ₹26.5k Cr | ₹28.1k Cr | ₹34.2k Cr | ₹25.7k Cr | ₹30.6k Cr | ₹33.5k Cr |
| Fixed assets | ₹7.2k Cr | ₹6.6k Cr | ₹6.1k Cr | ₹7.5k Cr | ₹7.3k Cr | ₹12.9k Cr |
| Capital work in progress | ₹796 Cr | ₹529 Cr | ₹1.3k Cr | ₹639 Cr | ₹6.1k Cr | ₹710 Cr |
| Investments | ₹137 Cr | ₹141 Cr | ₹147 Cr | ₹147 Cr | ₹150 Cr | ₹154 Cr |
| Other assets | ₹18.4k Cr | ₹20.9k Cr | ₹26.6k Cr | ₹17.3k Cr | ₹17.0k Cr | ₹19.7k Cr |
| Total assets | ₹26.5k Cr | ₹28.1k Cr | ₹34.2k Cr | ₹25.7k Cr | ₹30.6k Cr | ₹33.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +3.90 pp while FIIs trimmed −3.80 pp. The shareholder count shrank 17% to 7,69,187.
- Promoters
- 82.5%
- FIIs
- 3.3%
- DIIs
- 11.7%
- Government
- 0.0%
- Public
- 2.5%
Since Jun 2025
- DIIs +3.90 pp
- FIIs −3.80 pp
- Public −0.13 pp
How it drifted, 7 quarters
Over this window DIIs went from 7.1% to 11.7% — +4.5 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 82.5%, FIIs 6.7%, DIIs 7.1%, Public 3.7%.Mar '25: Promoters 82.5%, FIIs 7.2%, DIIs 7.0%, Public 3.3%.Jun '25: Promoters 82.5%, FIIs 7.1%, DIIs 7.8%, Public 2.7%.Sep '25: Promoters 82.5%, FIIs 7.3%, DIIs 7.7%, Public 2.4%.Dec '25: Promoters 82.5%, FIIs 6.4%, DIIs 8.6%, Public 2.5%.Mar '26: Promoters 82.5%, FIIs 5.4%, DIIs 9.7%, Public 2.4%.Jun '26: Promoters 82.5%, FIIs 3.3%, DIIs 11.7%, Government 0.0%, Public 2.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- LICI New Pension Plus Growth Fund Insurer newly disclosed 3.13% held
- HDFC Mutual Fund - HDFC Focused Fund Mutual fund newly disclosed 3.07% held
- ICICI Prudential Nifty Next 50 ETF Mutual fund newly disclosed 2.41% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Hyundai Motor India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hyundai Motor Company | 82.50% | unchanged |
| LICI New Pension Plus Growth Fund Insurer | 3.13% | newly disclosed |
| HDFC Mutual Fund - HDFC Focused Fund Mutual fund | 3.07% | newly disclosed |
| ICICI Prudential Nifty Next 50 ETF Mutual fund | 2.41% | newly disclosed |
| Kia Corporation | 0.00% | unchanged |
| Hyundai Engineering And Construction Co., Ltd | 0.00% | unchanged |
| Hyundai Rotem Company | 0.00% | unchanged |
| Hyundai Motor Middle East And Africa L.L.C | 0.00% | unchanged |
| Airplug Inc. | 0.00% | unchanged |
| 42Dot Inc. | 0.00% | unchanged |
| Hyundai Connected Mobility Gmbh | 0.00% | unchanged |
| Hyundai Motor Sweden Ab | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in HYUNDAI
Filings to Aug 2026
6 new, 10 added, 3 trimmed, 1 sold out — net −4.16 L shares (−1.5%).
- Held by funds
- ₹6.0k Cr
- 35 schemes
- Biggest holder
- HDFC Flexi Cap Fund
- ₹2.0k Cr · 1.8% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹2.0k Cr | held | Oct '24 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹866 Cr | held | Oct '24 |
| HDFC Large Cap Fund HDFC Mutual Fund | ₹477 Cr | held | Dec '24 |
| HDFC ELSS Tax saver HDFC Mutual Fund | ₹436 Cr | held | Oct '24 |
| SBI MultiCap Fund SBI Mutual Fund | ₹276 Cr | held | Jun '26 |
| HDFC Hybrid Equity Fund HDFC Mutual Fund | ₹273 Cr | held | Oct '24 |
| SBI MNC Fund SBI Mutual Fund | ₹185 Cr | +0.40 L | May '26 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹183 Cr | held | Oct '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
10 added, 3 trimmed — net −4.16 L shares (−1.5%)
- Funds are sitting on
- +5%
- vs est. average cost
- Held by funds
- ₹6.0k Cr
- 35 schemes · ≈ 3.0% of the company
- Biggest holder
- HDFC Flexi Cap Fund
- ₹2.0k Cr · 1.8% of that fund
Shares held by these funds +32%
Oct '24 2.77 cr shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹2174, this stock must grow earnings at 26% every year for 7 years. Our analysis caps realistic growth at ~-3%. At that growth it is worth ₹471 — downside of 78%.
- Growth the price implies
- 25.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -5.6% a year
- net profit, FY24–FY26 · EPS -3.1%
- The gap
- 0.3 pp
- -78% downside if it only repeats history
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Hyundai Motor India Limited
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