Hyundai Motor India Limited (HMIL) is the Indian subsidiary of South Korea’s Hyundai Motor Group and the second-largest car manufacturer in India by volume. Known for its strong product portfolio—including hatchbacks, sedans, SUVs, and electric vehicles—Hyundai has built a reputation for reliability, design, and export leadership. Despite recent softness in sales and profits, the company maintains industry-leading return ratios and a near-debt-free balance sheet. This article provides a fact-based outlook on its share price target for each year from 2026 through 2030, based on verified financials and sector dynamics.
Hyundai Motor India: Company Overview
- Incorporated: 1996; listed on Indian stock exchanges in 2024 via IPO
- Core Business: Design, manufacturing, and sale of passenger vehicles across segments
- Key Models: Creta, Venue, Exter, i20, Verna, Tucson, Kona EV.
- Market Position:
- #2 automaker in India by volume
- #2 exporter of cars from India (over 26% of total production exported)
- Manufacturing: Two plants in Chennai with a combined capacity of 825,000 units/year
- Ownership: 82.5% held by Hyundai Motor Company (South Korea)
Hyundai Motor India: Key Financial Snapshot
| Metric | Value |
|---|---|
| Market Capitalization | ₹1,85,649.39 Cr |
| Current Share Price | ₹2,285 (as of Feb 2026) |
| P/E (TTM) | 32.66 |
| P/B (TTM) | 10.21 |
| Book Value (TTM) | ₹223.82 |
| EPS (TTM) | ₹69.95 |
| ROE | 42.16% |
| ROCE | 54.42% |
| Dividend Yield | 0.92% |
| Sales Growth (TTM) | –1.29% |
| Profit Growth (TTM) | –7.76% |
| Cash Reserves | ₹8,135.35 Cr |
| Debt | ₹801.88 Cr |
| Face Value | ₹10 |
Hyundai Motor India Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹2,400 – ₹2,700 |
| 2027 | ₹2,600 – ₹3,000 |
| 2028 | ₹2,800 – ₹3,400 |
| 2029 | ₹3,000 – ₹3,800 |
| 2030 | ₹3,200 – ₹4,200 |
Hyundai Motor India Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹2,400 | ₹2,700 |
- P/E of 32.6x is reasonable given 42% ROE and export strength
- New models (Exter, updated Creta) expected to boost volumes in H1 FY26
- Risk: Intense competition from Maruti and Tata in the SUV segment
Hyundai Motor India Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹2,600 | ₹3,000 |
- Expected benefit from EV expansion (Kona, Ioniq 5) and ICE hybrid launches
- Strong free cash flow supports a consistent dividend (0.92% yield, ~30% payout)
- Export markets (Africa, the Middle East, and Mexico) offer diversification
Hyundai Motor India Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹2,800 | ₹3,400 |
- By 2028, the cumulative effect of platform localization should improve margins
- ROCE (54%) justifies a premium valuation if sustained
- Execution risk: Delays in EV adoption or regulatory changes (e.g., PLI scheme shifts)
Hyundai Motor India Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹3,000 | ₹3,800 |
- Long-term tailwinds from India’s vehicle penetration (currently <50 cars per 1,000 people)
- Institutional ownership (DII + FII = 15.02%) provides stability
- Strategic advantage: Global R&D backing from Hyundai Motor Group
Hyundai Motor India Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹3,200 | ₹4,200 |
- If HMIL sustains 50%+ ROCE and expands EV share to 10%+, ₹4,000+ is achievable
- However, targets beyond ₹4,500 require market leadership—not currently visible
- Success hinges on balancing ICE profitability with EV investments
Hyundai Motor India: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Hyundai Motor Co.) | 82.50% |
| Domestic Institutions (DII) | 8.59% |
| Foreign Institutions (FII) | 6.43% |
| Public (Retail) | 2.48% |
| Others | 0% |
Hyundai Motor India: Strengths vs Risks
Strengths
- Exceptional ROCE (54.4%) and ROE (42.2%)—best-in-class
- Near debt-free (Debt/Equity ~0.05) with ₹8,135 Cr cash
- Export leader with global brand trust
- Strong product pipeline across ICE and EV
Risks
- Negative sales growth (–1.29%) in FY25 due to model transitions
- High P/B (10.2x) limits margin of safety
- Intense domestic competition from Maruti Suzuki and Tata Motors
- EV capex may pressure short-term margins
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Time Horizon | Long-term (5+ years) |
| Volatility | Moderate |
| Dividend/Income | Low but consistent (0.92% yield) |
| Ideal Investor | Auto sector investor comfortable with cyclical demand and EV transition risks |
FAQs
A: A realistic range is ₹2,400 to ₹2,700, assuming volume recovery and stable exports.
A: Credible estimates suggest ₹3,200 to ₹4,200 by 2030, contingent on ROCE sustainability and EV progress.
A: Reliable forecasts beyond 2030 are not possible. Such long-term projections are speculative and not based on verifiable data.
A: Hyundai Motor Company (South Korea) holds 82.5% of shares.
A: Yes. It paid ₹21/share in FY2025, yielding 0.92% with a ~30% payout ratio.
A: The stock corrected due to declining sales (–1.29%), profit drop (–7.76%), and concerns over EV investment costs.
A: Nearly debt-free—it carries ₹801.88 crore in debt, offset by ₹8,135 crore in cash, making net debt negative.
Final Verdict
Hyundai Motor India is a high-quality auto manufacturer with unmatched capital efficiency and global backing. While recent growth has stalled, its strong balance sheet, export engine, and EV roadmap support long-term value creation. Our 2026–2030 price targets (₹2,400–₹4,200) reflect cautious optimism—rewarding quality but capping upside due to competitive pressures. Best suited for investors with a 5-year horizon who believe in India’s auto growth story.
Sources
- Screener.in – Hyundai Motor India Ltd (Consolidated Financials)
- Finology.in – Company Essentials
- BSE India – Shareholding Pattern (Q3 FY2026)
- Hyundai Motor India Investor Presentation – Q3 FY2026 Results
- Annual Report FY2025 – Hyundai Motor India Limited
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
