Hindustan Motors

NSE: HINDMOTORS · Passenger Cars & Utility Vehicles

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52W Range₹10 – ₹22

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Snapshot

Unlock Hindustan Motors's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Hindustan Motors is an Indian automotive manufacturer historically known for producing vehicles, spare parts, and steel components. The company is currently in a state of operational suspension at its primary manufacturing facility.

Business Model

The company's traditional revenue model relied on the manufacturing and sale of automobiles and automotive components. Currently, the business is focused on asset monetisation and seeking strategic partnerships to restructure its operations.

Management Commentary

Management is actively seeking strategic partners and investment to revive operations while simultaneously exploring the rationalisation of manpower and fixed costs. The company intends to settle outstanding liabilities through the sale of its fixed assets.

Growth Outlook

There is no immediate growth outlook as the company's primary manufacturing operations remain suspended. Future prospects depend entirely on the success of capital infusion efforts and the potential introduction of new products through strategic tie-ups.

Key Risks

  • Operational Suspension. The prolonged suspension of work at the Uttarpara plant severely limits the company's ability to generate revenue from core manufacturing activities.
  • Liquidity and Solvency. The company faces significant financial distress, relying on asset sales to meet outstanding liabilities and fund potential restructuring.
  • Market Irrelevance. The brand has struggled to maintain product demand and competitiveness in the modern Indian automotive market, necessitating a complete strategic overhaul.
  • Execution Risk. There is high uncertainty regarding the company's ability to secure viable strategic partners or investors to facilitate a business turnaround.

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Peers · Passenger Cars & Utility Vehicles

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Hindustan MotorsHINDMOTORS
₹303 Cr——————-27.7%
Hyundai Motor India Ltd.HYUNDAI
₹1.70L Cr33.2218.193.6%12.6%27.3%32.4%-20.2%
Tata Motors Passenger Vehicles Ltd.TMPV
₹1.11L Cr-30.506.98-21.7%6.6%69.7%-0.6%—
Force Motors Ltd.FORCEMOT
₹22,615 Cr17.6813.598.4%17.4%34.6%38.5%-0.3%
Olectra Greentech Ltd.OLECTRA
₹10,473 Cr50.7330.0038.4%14.2%15.8%23.4%-29.6%
Mercury EV-TechMERCURYEV
₹736 Cr285.0862.704.2%10.7%1.6%2.5%-21.0%

As of Mar 2026

Financials