Hindustan Motors Ltd (HINDMOTORS)

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Hindustan Motors Ltd (HINDMOTORS) · mywealthgrid

About

Hindustan Motors operates in passenger cars and utility vehicles within India's consumer discretionary sector. The company's scale has contracted sharply: market cap ₹306.16 Cr with near-zero quarterly revenues (₹0.59 Cr in Dec 2024, zero in recent quarters) compared to ₹1.88 Cr in Mar 2024, suggesting operations are dormant or severely curtailed.

Founded: 1942
Face value: ₹5

Market cap

₹309 Cr

P/E

26.5×

P/B

9.6×

Dividend yield

ROE

-0.1%

ROCE

25.1%

Debt / equity

OPM

—

EPS (TTM)

₹0.6

Book value

₹1.5

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapse: from ₹1.88 Cr (Mar 2024) to near-zero (Jun 2025) — verify whether this reflects temporary suspension, permanent exit, or restructuring

Operating margins deeply negative at -139.11%; costs far exceed revenue, structurally unsustainable without operational turnaround

Stock down 35.69% in 1 year with PE 26.28 despite near-zero revenue — suggests market loss of confidence or valuation disconnect

Minimal institutional presence (FII 0.02%, DII 2.14%) and 52-week volatility (₹10.36–₹24.52) indicate low credibility and potential liquidity risk

Generated analysis · source review pending

Growth drivers

Revenue recovery: currently near-zero after collapse from ₹1.88 Cr; verify company's manufacturing status and product roadmap

Verify: EV positioning and strategy in Indian auto sector transition — relevance if ICE demand declines

Zero debt (D/E 0) provides capital flexibility for operational restart or strategic pivot; verify management's capital allocation intent

Profitable on net basis (₹4.16 Cr Jun 2025) despite minimal revenue, indicating investment income or financial reserves; verify sustainability

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹14.8-2.8%1Y

Quick read

rule-based

Pros

+Strong return on equity of 73.4% (3-yr avg)
+High return on capital employed of 76.9%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 416×

Cons

−Trading at 9.6× book value

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 67
Growth: 0
Valuation: 54

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Maruti Suzuki IndiaMARUTIMARUTI	₹3,57,976 Cr	₹3,57,976 Cr	₹1,97,181 Cr	₹21,131 Cr	11.7%	₹14,334 Cr	8%	17.8%	14.4%	-19
Mahindra & MahindraM&MM&M	₹3,54,640 Cr	₹4,84,255 Cr	₹2,11,375 Cr	₹39,317 Cr	18.6%	₹18,470 Cr	9.4%	17%	20.1%	-30
Hyundai Motor India LimitedHYUNDAIHYUNDAI	₹1,64,450 Cr	₹1,65,447 Cr	₹70,685 Cr	₹7,925 Cr	12.2%	₹4,951 Cr	7.7%	35.5%	29.9%	-15
Tata Motors Passenger VehiclesTMPVTMPV	₹1,02,886 Cr	₹1,72,839 Cr	₹3,43,703 Cr	₹16,910 Cr	5.6%	₹79,242 Cr	24.6%	2.3%	72.2%	-59
Force Motors LtdFORCEMOTFORCEMOT	₹22,176 Cr	₹22,176 Cr	₹9,200 Cr	₹1,479 Cr	16.4%	₹1,252 Cr	13.4%	33.1%	33.5%	20
Olectra Greentech LimitedOLECTRAOLECTRA	₹9,000 Cr	₹9,380 Cr	₹2,540 Cr	₹350 Cr	14.3%	₹180 Cr	7.8%	22.1%	15.8%	54
Mercury Ev-Tech LimitedMERCURYEVMERCURYEV	₹704 Cr	₹708 Cr	₹22 Cr	₹3 Cr	13.2%	₹2 Cr	9%	3%	3%	205
Hindustan Motors LtdHINDMOTORSHINDMOTORS	₹309 Cr	₹309 Cr	₹1 Cr	₹-4 Cr	—	₹12 Cr	—	25.1%	-0.1%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	0	0	1	0	1	0	0	3	2	0
COGS	-1	0	0	1	0	0	0	0	0	0	0
Gross profit	—	—	—	-0	-0	1	—	—	—	—	—
	25	9	9	6	6	5	7	5	4	5	4
	-23	-9	-9	-6	-6	-4	-7	-5	-1	-3	-4
OPM %	—	—	—	—	—	-330.8%	—	—	-36%	-139.1%	—
Depreciation	—	0	0	1	1	1	1	1	0	0	0
Interest	10	2	2	2	0	0	0	0	0	0	0
	2	11	11	36	6	11	28	5	27	22	4
Profit before tax	-32	-2	-2	27	-1	6	20	-1	25	19	-0
Tax	—	0	0	-0	-0	2	2	-1	-0	3	-0
Tax %	—	0%	0%	-0.5%	-2.4%	39.7%	8.4%	-104.9%	-0.5%	16.7%	-60%
	-32	-2	-2	27	-1	4	19	0	25	16	-0
PAT margin %	—	—	—	—	-390.5%	321.4%	—	—	782.2%	692%	—
EPS (₹)	—	-0.2	-0.2	1.3	0	0.2	0.9	0	1.2	0.8	0
EPS adjusted (₹)	—	—	—	—	—	0.2	0.9	0	1.2	0.8	-0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	104	104	104	104	104	104
Reserves	-132	-114	-113	-88	-73	-72
Minority interest	—	0	—	0	—	—
	0	0	0	0	0	0
	57	39	36	36	32	23
Total equity & liabilities	29	30	27	53	64	55
	18	17	16	12	9	0
CWIP	—	—	0	—	—	—
Investments	0	0	0	0	0	21
	11	13	10	41	56	34
Total assets	29	30	27	53	64	55

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9	7	4	-4	2	-15	-27	24
	0	0	11	16	-1	16	26	-19
	-9	-7	-0	-0	-0	-0	-0	-0
Net cash flow	-0	0	15	12	2	0	-1	5
Free cash flow	—	—	4	-4	2	-15	-27	24
CFO / Operating profit %	—	—	—	—	—	—	—	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	-48.1%	-33.3%	87.2%	—	—	—	—	—
EBITDA margin %	-1,124.1%	-2,757.1%	-330.8%	—	—	-36%	-139.1%	—
EBIT margin %	-1,346.3%	-3,176.2%	-400.9%	—	—	-48.9%	-149.8%	—
PAT margin %	4,948.1%	-390.5%	321.4%	—	—	782.2%	692%	—
Working capital
Receivable days	—	—	0	—	—	0	0	—
Inventory days	—	—	0	—	—	0	0	—
Payable days	—	—	22,995	—	—	261	239	—
NWC days	—	—	-22,995	—	—	-261	-239	—
Leverage
Current ratio	—	—	0.19	0.34	0.3	1.19	1.76	2.46
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	-0	-0	-0	0	0	0
Interest coverage	17.1	-15.8	70.2	367	-14.5	844	234.5	416
Asset turnover	—	—	0.04	0	0	0.06	0.04	0
Return ratios
Return on assets %	—	—	12.8%	61.6%	0.2%	48.1%	24.2%	-0%
Return on capital employed %	—	—	-27.3%	-120.7%	32.3%	133.7%	72%	25.1%
Return on equity %	—	—	-13.6%	-204%	-0.6%	155.7%	48.8%	-0.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%	32.34%
	0.02%	0.02%	0.04%	0.05%	0.07%	0.08%	0.16%	0.4%	0.02%	0.02%	0.02%	0.02%
	3.15%	3.15%	2.65%	2.64%	2.48%	2.48%	2.48%	2.19%	2.19%	2.19%	2.19%	2.14%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	64.49%	64.49%	64.97%	64.97%	65.11%	65.1%	65.02%	65.07%	65.45%	65.45%	65.45%	65.5%
No. of shareholders	—	—	—	—	—	—	—	—	2,73,572	2,71,526	2,69,011	2,67,024

Promoter holding up 0 percentage points since Sep 2023.

125 deals · 26 May 2022 – 22 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Jul 2025	VITTHAL MAHESHWARI	Bulk	NSE	Sell	12,00,500	₹21.98	₹2.64 Cr
22 Jul 2025	ANJU BALDI	Bulk	NSE	Sell	10,92,627	₹21.98	₹2.40 Cr
16 Jun 2025	ANJU BALDI	Bulk	NSE	Sell	12,00,400	₹34.21	₹4.11 Cr
29 May 2025	ANKITA VISHAL SHAH	Bulk	NSE	Buy	25,52,979	₹35.27	₹9.00 Cr
29 May 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	18,20,374	₹33.63	₹6.12 Cr
29 May 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	16,12,514	₹33.76	₹5.44 Cr
29 May 2025	ANKITA VISHAL SHAH	Bulk	NSE	Sell	14,22,979	₹35.46	₹5.05 Cr
29 May 2025	QE SECURITIES LLP	Bulk	NSE	Sell	13,99,397	₹33.97	₹4.75 Cr
29 May 2025	AAKRAYA RESEARCH LLP	Bulk	NSE	Sell	13,41,480	₹33.82	₹4.54 Cr
29 May 2025	AAKRAYA RESEARCH LLP	Bulk	NSE	Buy	13,41,480	₹33.81	₹4.54 Cr

1–10 of 125

1 / 13

Mr. A SANKARANARAYANANNon-Executive - Non Independent Director
Mr. UTTAM BOSENon-Executive - Non Independent Director
Mrs. MOU MUKHERJEENon-Executive - Non Independent Director
Mr. SOURAV DASPATNAIKNon-Executive - Independent Director
Mr. Mahesh Kumar KejriwalChief Financial Officer
Mr. OM PRAKASH GUPTANon-Executive - Independent Director
Mrs. SARADA HARIHARANNon-Executive - Independent Director
Mr. Prakash SahuChief Executive Officer
Mrs. Moneera AnjumCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Hindustan Motors Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results6 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

2 announcementsExport CSV

1 Sept 2026, 4:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

1 Sept 2026, 4:36 pmCompany Update

Letter Containing Web-Link Of Annual Report For The FY 2025-26

General PDF

Date	Category	Subject	Filing
1 Sept 2026, 4:55 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 4:36 pm	Company Update General	Letter Containing Web-Link Of Annual Report For The FY 2025-26

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Hindustan Motors Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

No fund holdings on record

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1