HYUNDAI
Large CapHyundai Motor India Limited
Auto
Hyundai Motor India Ltd. is an Indian automotive manufacturer. The company's investor presentation for Q4 FY26 and FY26 covers sales performance (domestic & exports), volume mix, and financial performance, highlighting new product offerings and future capacity expansion plans.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Bad · 0/100PAT -22% YoY · margin compression · Rev +5% YoY · +5% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹18,916 Cr | +5.4% | +5.3% |
| EBITDA | ₹1,966 Cr | -22.4% | -2.6% |
| Operating margin | 10.0% | -400 bps | -100 bps |
| PAT | ₹1,256 Cr | -22.2% | +1.8% |
| PAT margin | 6.6% | -236 bps | -23 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Q4 FY26 sees total sales volume up 8.7% YoY, driven by both domestic and export growth, but profitability significantly impacted by cost headwinds and unfavorable mix, leading to a 31.0% YoY drop in EBIT.
While volumes show growth, particularly exports, significant margin erosion in Q4 FY26 and for the full year FY26 due to commodity headwinds, capacity stabilization costs, and mix shifts puts the profitability thesis under stress. Future capacity additions and new product launches are key to watch.
Domestic Fuel Mix (Q4 FY26)
Latest issuer-disclosed distribution across 4 reported categories.
New EXTER
Achieved record CNG contribution.
CRETA
Remains the segment leader since launch.
All-New VENUE
Achieved highest-ever quarter in domestic sales.
Exports
Quarter marked by dual-engine growth and strong export demand.
Total Capacity Expansion
Targeting 1,144K units total capacity, up from existing 824K, with additions from Pune (+70K) and Chennai (+80K) plants.
Capex for Expansion
Capex of approximately ₹75K million for capacity expansion.
Timeline for Capacity Unlocking
Unlocking additional capacity in Pune and Chennai plants is planned for FY2026-27.
GST-led Recovery
Growth in FY26 underpinned by GST-led recovery in H2.
Strong Export Demand
FY26 growth underpinned by strong export demand.
Rising CNG Adoption
A standout quarter for CNG, fueled by rising adoption & entry into Fleet segment.
Government Incentives
Government incentives helped soften impact of cost headwinds QoQ.
Commodity Headwinds
Commodity headwinds dragged margins YoY in Q4 FY26 and FY26.
Capacity Stabilization Costs
Costs associated with capacity stabilization contributed to margin softening in H2 FY26.
Unfavorable Mix
Unfavorable mix weighed on margins in Q4 FY26.
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison is crucial for understanding overall growth trends and seasonal impacts in the auto sector. QoQ comparison is also relevant as the company explicitly highlights sequential improvements in mitigating cost headwinds through pricing actions.
Total Sales Volume Growth
Q4 FY26: 8.7% YoY increase to 208,275 units. FY26: 1.7% YoY increase to 775,031 units.
Domestic Sales Volume Growth
Q4 FY26: 8.5% YoY increase to 166,578 units. FY26: 2.3% YoY decrease to 584,906 units.
Exports Volume Growth
Q4 FY26: 9.4% YoY increase to 41,697 units. FY26: 16.4% YoY increase to 190,125 units.
EBITDA Margin
Q4 FY26: 10.4% (down from 14.1% YoY). FY26: 12.2% (down from 12.9% YoY).
Domestic Growth Outlook
Management expects 8-10% domestic growth.
Exports Growth Outlook
Management expects 8-10% exports growth.
EBITDA Margin Outlook
Management expects EBITDA Margin to be 11%-14%.
New Product Pipeline
Coming soon: 3 E-SUVs and 2 new ICE-SUV nameplates.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Domestic Sales Growth | FY26: -2.3% YoY | Achievement of management's 8-10% growth outlook. |
| EBITDA Margin | Q4 FY26: 10.4%; FY26: 12.2% | Recovery towards management's 11%-14% outlook, indicating effective cost management and mix improvement. |
| Capacity Ramp-up | Capacity stabilization costs noted as a headwind. | Smooth commissioning and utilization ramp-up of the additional 320K units capacity by FY2026-27. |
| New Product Launches | Recent launches include EXTER, VENUE, AURA, VERNA. | Timely launch and market acceptance of 3 E-SUVs and 2 new ICE-SUVs. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
46NeutralSMA20 -7.5% / mo
Technical chart
HYUNDAIweekly · 6M-18.9%Technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 49. Wait for confirmation.
- SMA20 falling (~8.1% over last month) — short-term momentum negative.
- RSI(14) at 49 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 20% off 52W high · 15% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 3.5%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 14.2%.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Growth is weaker at 14/25; verify the latest quarterly trend.
- Quality is weaker at 15/20; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 85th percentile within Auto. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 82.5%. Key concern: ROCE trend is -9.3%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Auto: 85th pctile, median 71 · Large: 81st pctile, median 74
35 documents indexed, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 82.5%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.5%.
- ▸5 years of positive FCF.
Trust risks
- ▸ROCE trend is -9.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 28.30
- P/B
- 7.70
- EV/EBITDA
- 14.34
- Market Cap
- 153759.00Cr
Profitability
- ROE
- 29.90%
- ROCE
- 38.40%
- ROA
- 15.79%
- Dividend Y
- 1.11%
Growth (CAGR)
- Revenue 5Y
- 12.00%
- EPS 5Y
- 24.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 0.05
- Interest Coverage
- 81.11×
- Altman Z
- 9.87
- Book Value
- 246.00
Cash Flow
- FCF Yield
- 3.50%
- FCF Positive Y
- 5/5
- OCF
- 7321.00 Cr
- EPS TTM
- 66.85
Shareholding
- Promoter Hold
- 82.50%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.