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3 min read | Updated on October 12, 2024, 12:00 IST
SUMMARY
Hyundai Motor India’s ₹27,870 crore IPO will be one of Asia's largest. In FY24, Hyundai reported a 15% YoY revenue growth to ₹69,829 crore. Maruti Suzuki saw 63% PAT growth, while Tata Motors posted ₹31,807 crore PAT (108% YoY growth) and M&M recorded ₹12,269 crore PAT.
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Hyundai Motor India vs Competitors: Who’s Leading in FY24 Performance?
The much-awaited Hyundai Motor India IPO is creating a buzz in the auto industry, marking the first time in two decades that a carmaker will go public after Maruti Suzuki’s listing in 2003. Hyundai Motor India, the subsidiary of South Korea’s Hyundai Motor Company, is set to launch one of the largest public issues in India. Previously, the record was held by Life Insurance Corporation’s (LIC) IPO, which was worth ₹21,000 crore.
Hyundai Motor India’s IPO, valued at approximately ₹27,870.16 crore, will be one of Asia’s biggest IPOs in recent years.
Hyundai Motor India began operations in 1996 with the launch of its iconic Santro hatchback, one of the best-selling models at the time. Today, Hyundai is the second-largest car manufacturer in India, behind only Maruti Suzuki.
FY24 Comparison | Hyundai India | Maruti Suzuki | Tata Motors | M&M |
---|---|---|---|---|
Volumes | 7,77,876 | 21,35,323 | 5,73,495 | 4,59,877 |
Revenue Cr | 69,829 | 1,34,921 | 4,37,928 | 1,39,078 |
EBITDA | 13.10% | 11.60% | 14.30% | 17.40% |
PAT | 8.60% | 9.80% | 7.30% | 8.90% |
(source: Hyundai RHP, company financials)
In FY24, Hyundai reported a revenue of ₹69,829 crore, up from ₹60,307 crore in FY23, marking a 15% YoY growth. The PAT in FY24 stood at ₹6,060 crore, compared to ₹4,709 crore in FY23, showing a 28% YoY growth. Hyundai's increasing focus on SUVs has helped push the average selling price, which is reflected in its strong bottom line. The company currently holds a market share of approximately 15%. Hyundai’s ROE stands at 12.3%, and its FY24 dividend payout was ₹15,435 crore, which will impact both the ROE and the company’s net worth.
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