Company Overview
Established in May 1996, Hyundai Motor India Limited (HMIL) is a key player in the global automotive industry as part of the Hyundai Motor Group, which ranks as the third-largest original equipment manufacturer (OEM) worldwide by passenger vehicle sales. HMIL is recognized for its innovative, feature-rich, and dependable four-wheeler vehicles, benefiting from advanced technology integration in its designs.
In addition to passenger cars, HMIL also produces critical automotive components like engines and transmissions, offering a wide array of mobility solutions. The company boasts a vast network, with 1,366 sales outlets and 1,550 service centers across India.
Key Achievements and Market Presence
As of March 31, 2024, Hyundai Motor India has sold nearly 12 million vehicles, catering to both domestic and international markets. The company offers a diverse lineup of vehicles, including sedans, hatchbacks, SUVs, and electric cars. Notable models include:
- Grand i10 NIOS
- i20 and i20 N Line
- AURA and Elantra
- Venue and Venue N Line
- Verna and Creta (including the N Line versions)
- Alcazar and Tucson
- The fully electric SUV, Ioniq 5
Hyundai’s distribution network is backed by over 350 dealer partners throughout India. Its manufacturing facility located near Chennai produces the full range of vehicles for both the Indian market and exports, with key overseas markets including Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Promoter Holding
Hyundai Motor Company is the sole promoter of Hyundai Motor India.
- Pre-IPO shareholding: 100%
- Post-IPO shareholding: 82.50%
Objectives of IPO:
Hyundai Motor India will not retain any proceeds from the IPO. The funds will be directed to the selling promoter, after deducting associated expenses and taxes.
Summary of Financial Information:
| Period Ended | 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|---|
| Assets | 25,370.24 | 26,349.25 | 34,573.34 | 28,358.06 |
| Revenue | 17,567.98 | 71,302.33 | 61,436.64 | 47,966.05 |
| Profit After Tax | 1,489.65 | 6,060.04 | 4,709.25 | 2,901.59 |
| Net Worth | 12,148.71 | 10,665.66 | 20,054.82 | 16,856.26 |
| Reserves and Surplus | 11,336.17 | 9,853.12 | 19,242.28 | 16,043.71 |
| Total Borrowing | 758.14 | 767.92 | 1,158.60 | 1,140.03 |
Comparison with Listed Peers:
| Company Name | P/E | P/B | RoE (%)* |
|---|---|---|---|
| Hyundai Motor India Ltd | 27 | 13 | 57 |
| Maruti Suzuki India Ltd | 27 | 4 | 17 |
| Tata Motors Ltd | 10 | 4 | 49 |
| Mahindra & Mahindra Ltd | 36 | 6 | 20 |
Key IPO Details:
IPO Dates: 15 to 17 October, 2024
Price Band : Rs. 1865 to Rs. 1960 per share
Lot Size: 7 shares
Total Issue size: Rs. 27,870.16 Crores (100% OFS)
Retail Quota: 35%
Listing Date: 22nd October 2024
GMP: 4% ( For Informational purposes only )
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
