The Creta-maker on Friday reported its outcomes for the January–March quarter of FY26. Whereas internet revenue declined, the automaker’s income from operations grew greater than 5% to Rs 18,916 crore through the quarter underneath assessment, in contrast with Rs 17,940 crore within the year-ago interval.
Together with its This autumn outcomes, Hyundai Motor India introduced that its board has really helpful a dividend of Rs 21 per share for the monetary 12 months ended March 31, 2026. This, nonetheless, is topic to shareholders’ approval on the upcoming Annual Basic Assembly (AGM).
For the total monetary 12 months FY26, Hyundai Motor India reported a 2% YoY rise in income to Rs 70,763 crore, whereas internet revenue declined 4% YoY to Rs 5,543 crore from FY25.
Nomura on Hyundai Motor India
Nomura maintained its ‘Purchase’ score on the inventory however lower its goal value to Rs 2,407 per share from Rs 2,698 earlier. The revised goal value implies an upside potential of practically 30% from the inventory’s earlier closing value of Rs 1,852.80 on the NSE.
The worldwide brokerage famous that the corporate’s income, common promoting value and EBITDA margin of 10.4% have been beneath its estimates. It lowered its EBITDA margin expectations to 11.6% for FY27 and 13% for FY28 to consider steep price inflation. Working leverage, value hikes, an improved export combine and price reductions ought to offset this influence over time, it mentioned, including that its EPS estimates for FY27–28F have been diminished by 13%.
“We keep our view that HMI will outperform the market, with a home quantity CAGR of 13% over FY26–28F pushed by the beginning of a brand new mannequin cycle (general 26 new launches until FY30). HMI’s improved disclosures on the brand new mannequin cycle and powerful export steering shall be properly obtained by the market, in our view. Margin steering additionally alleviates market considerations about extreme margin compression as a consequence of commodities,” Nomura mentioned.
Motilal Oswal on Hyundai Motor India
Motilal Oswal Monetary Providers additionally maintained its ‘Purchase’ score on Hyundai Motor India, with a goal value of Rs 2,160 per share. The home brokerage mentioned the corporate’s revenue beat its estimate, largely as a consequence of higher-than-expected different revenue. Nonetheless, EBITDA margins missed expectations as a consequence of commodity inflation, plant start-up prices and an hostile product combine.
“Contemplating its launch pipeline, we count on HMIL to publish a ~9% quantity CAGR over FY26–28. That is more likely to be boosted by a 12% quantity CAGR in exports. We count on start-up prices for the brand new Pune plant to influence earnings within the near-to-medium time period. Total, HMIL is predicted to ship a ~14% earnings CAGR over FY25–28. We consider the corporate stays well-positioned to learn from the premiumisation development in India, given its combine is skewed towards SUVs,” Motilal Oswal mentioned.
Hyundai share value
Hyundai shares jumped practically 5% to commerce at Rs 1,944 apiece on Monday. The inventory has gained over 2% prior to now week and 5% during the last month. Nonetheless, the shares of the Creta-maker are nonetheless down greater than 18% up to now in 2026.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Instances)
