By:- B.T Team
Image Credit:- Google
Geojit Financial Services recommends subscribing to Hyundai Motor India's IPO for long-term gains.
Established in 1996, Hyundai Motor India is the 2nd largest automobile manufacturer in India with a 15% market share.
Hyundai Motor India - A Strong Player
Expanding Product Line
Hyundai offers 13 models, including electric vehicles (EVs), with nearly 12 million cars sold domestically and internationally.
Manufacturing Powerhouse
The company has 3 manufacturing facilities in India, operating at 97% capacity in FY24.
Passenger vehicle sales are projected to grow at 4.5-6.5% CAGR till 2029, boosting Hyundai's domestic and export sales.
India’s Growing Auto Market
Global Sales Leader
Hyundai India contributed over 18% to its parent company’s global sales in 2023, reflecting its international significance.
Impressive Financial Growth
Revenue grew at a 21% CAGR to ₹69,829 crore in FY24, with profits (PAT) surging by 45% to ₹6,060 crore.
Consistent Profit Margins
EBITDA margins have remained strong between 12-13%, driven by operational efficiency and favorable product mix.
Priced at ₹1,960 per share, the IPO is valued at a 26.7x P/E ratio based on FY25 estimates.