By:- B.T Team

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Hyundai IPO: Subscribe Now

Geojit Financial Services recommends subscribing to Hyundai Motor India's IPO for long-term gains.

Hyundai Motor India IPO - Subscribe Now!

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.

Valuation and Pricing

Priced at ₹1,960 per share, the IPO is valued at a 26.7x P/E ratio based on FY25 estimates.

Why Subscribe?

With a strong parent company, robust financials, and focus on EVs, Geojit assigns a "Subscribe" rating for long-term investment.

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