Maruti Suzuki India Ltd.

•

marutisuzuki.comBSE: 532500NSE: MARUTI

Market Cap₹ 3,90,174 Cr.

Current Price

High / Low₹ 17,370 / 12,201

Stock P/E27.2

Book Value₹ 3,515

Price to Book3.61

Dividend Yield1.13 %

ROCE19.0 %

ROE14.4 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Vehicles: 80.0% • Spare Parts / Dies & Moulds / Components: 15.2% • Other Operating Revenues: 4.9%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has delivered good profit growth of 27.3% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 20.9%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 21.1% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.22x)

CONS

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAutomobiles - Passenger Cars

Part ofNIFTY 50 NIFTY MNC NIFTY100 QUALTY30 NIFTYLARGEMIDCAP250 NIFTY AUTO

S.No.	Name
1.	MARUTI	12410.00	27.22	390173.59	1.13	3446.90	-9.11	52469.80	43.27	19.03	8.41
2.	M&M	3120.00	21.01	387981.00	1.06	5997.56	37.04	58187.57	27.80	16.29	18.79
3.	HYUNDAI	2175.00	35.70	176727.69	0.97	888.62	-35.10	16334.63	0.96	38.55	9.25
4.	TMPV	302.00	1.40	111223.32	0.99	859.00	-78.54	95799.00	-7.70	0.67	6.46
5.	MERCURYEV	41.75	158.53	793.14	0.00	1.56	-4.18	33.38	47.91	5.17	9.77
6.	HINDMOTORS	13.82	0.00	288.37	0.00	0.22	-94.71	0.00	—	53.69	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	30,848	35,535	31,845	36,694	33,876	35,586	36,805	40,320	36,624	40,139	47,537	51,568	52,470
	29,015	32,028	29,073	33,250	30,673	32,450	33,688	36,076	33,983	37,258	44,331	46,304	50,000
Operating Profit	1,833	3,507	2,772	3,444	3,204	3,136	3,117	4,244	2,642	2,880	3,206	5,263	2,470
OPM %	5.94%	9.87%	8.70%	9.39%	9.46%	8.81%	8.47%	10.53%	7.21%	7.18%	6.74%	10.21%	4.71%
	1,048	900	996	1,184	1,060	1,523	1,058	1,511	1,888	946	1,055	484	1,874
Interest	46	35	36	76	57	43	46	48	47	57	62	73	64
Depreciation	1,314	1,342	1,302	1,298	1,332	1,386	1,429	1,462	1,556	1,703	1,735	1,748	1,780
Profit before Tax	3,207	4,834	4,099	5,030	4,778	5,093	4,659	4,846	4,908	4,272	4,832	4,821	4,441
Tax %	22.64%	22.88%	23.15%	22.97%	22.52%	40.02%	21.44%	20.77%	23.45%	23.18%	21.49%	26.12%	22.39%
Net Profit	0	0	0	0	3,760	3,102	3,727	3,911	3,792	3,349	3,879	3,659	3,447
	80.88	120.43	102.00	125.71	119.58	98.68	118.54	124.40	120.62	106.52	123.38	116.38	109.63

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	68,085	79,809	86,068	75,660	70,372	88,330	1,18,410	1,41,858	1,52,913	1,83,316	1,91,713
	57,727	67,746	75,065	68,347	65,020	82,624	1,05,316	1,23,332	1,32,757	1,61,860	1,77,894
Operating Profit	10,358	12,063	11,003	7,313	5,352	5,706	13,094	18,526	20,156	21,456	13,820
OPM %	15.21%	15.12%	12.78%	9.67%	7.60%	6.46%	11.06%	13.06%	13.18%	11.70%	7.21%
	2,290	2,046	2,562	3,334	2,936	1,745	2,265	4,094	5,022	4,357	4,359
Interest	89	346	76	134	102	127	252	194	194	239	255
Depreciation	2,604	2,760	3,021	3,528	3,034	2,789	4,846	5,256	5,608	6,742	6,966
Profit before Tax	10,127	11,167	10,624	7,103	5,321	4,697	10,438	17,424	19,620	19,118	18,366
Tax %	25.83%	29.43%	27.99%	20.07%	17.51%	17.41%	20.83%	22.59%	26.09%	23.22%	23.32%
Net Profit	7,511	7,881	7,651	5,678	4,389	3,880	8,264	13,488	14,500	14,680	14,084
EPS	248.64	260.88	253.26	187.95	145.30	128.43	262.84	429.01	461.20	466.91	—
Dividend Payout %	30.16%	30.66%	31.59%	31.92%	30.96%	46.71%	34.24%	29.14%	29.27%	29.98%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 21%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 27%
3 Years:: 21%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 13%
3 Years:: 6%
1 Year:: -18%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 13%
3 Years:: 16%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	151	151	151	151	151	151	157	157	157	157
Minority Interest	15	16	18	19	0	0	0	0	0	0
	36,924	42,408	46,941	49,262	52,350	55,182	74,443	85,479	96,083	1,06,999
	1,680	1,762	2,284	2,314	2,674	2,615	3,854	3,383	3,470	3,408
Trade Payables	8,369	10,499	9,638	7,499	10,168	9,765	13,676	16,988	16,922	22,134
	4,820	5,412	4,937	4,383	6,034	6,801	7,976	9,297	46,686	52,678
Total Liabilities	51,960	60,248	63,969	63,628	71,376	74,514	1,00,106	1,15,304	1,63,318	1,85,376
	13,311	13,389	15,437	15,744	14,989	13,747	27,941	27,865	32,983	34,523
Capital Work in Progress	1,252	2,132	1,607	1,344	1,199	2,646	4,054	7,504	7,527	9,406
	29,151	36,123	37,504	37,488	42,945	42,035	49,184	57,296	66,265	76,838
	3,264	3,160	3,323	3,214	3,049	3,532	5,444	5,318	6,913	11,321
	0	0	0	0	0	0	0	4,597	6,540	5,342
Cash & Bank	24	74	188	29	3,047	3,042	2,748	2,827	553	1,580
	4,960	5,370	5,910	5,808	6,147	9,512	10,734	9,897	42,537	46,365
Total Assets	51,960	60,248	63,969	63,628	71,376	74,514	1,00,106	1,15,304	1,63,318	1,85,376

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12,605	14,844	9,745	4,933	9,868	3,019	13,079	16,801	16,180	19,100
Cash from Investing	-9,173	-8,302	-3,540	-557	-7,291	-239	-8,820	-11,865	-14,500	-14,734
Cash from Financing	-1,129	-3,436	-2,948	-3,104	-1,545	-1,607	-1,214	-4,062	-4,155	-4,484
	-20	50	113	-165	20	-6	780	874	-2,475	-118

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.19	58.19	58.28	58.28	58.28	58.28	58.28	58.53	58.65
	18.98	17.68	15.47	14.96	15.20	15.78	15.76	14.12	12.82
	19.37	20.75	22.83	23.56	23.25	22.54	22.83	24.08	25.09
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.40	3.31	3.35	3.11	3.18	3.31	3.05	3.19	3.35

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

General Updates

2026-09-12 - Maruti Suzuki India Limited has informed the Exchange about ESG rating by Crisil ESG Ratings & Analytics Limited

2026-09-07

General Updates

2026-09-07 - Maruti Suzuki India Limited has informed the Exchange about Advance intimation regarding price increase

2026-09-05

Corrigendum

2026-09-05 - Maruti Suzuki India Limited has informed the Exchange regarding Corrigendum to Press Release

2026-09-05

Press Release

2026-09-05 - Maruti Suzuki India Limited has informed the Exchange regarding a press release dated September 05, 2026, titled " Dare to go Glam with the Stunning New Baleno: Designed for Dynamic Achievers".

2026-09-02

Shareholders meeting

2026-09-02 - Maruti Suzuki India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-02

Press Release

2026-09-02 - Maruti Suzuki India Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "India s Partner in Progress: Maruti Suzuki Eeco crosses 15 lakh sales milestone".

2026-09-01

General Updates

2026-09-01 - Maruti Suzuki India Limited has informed the Exchange about Maruti Suzuki Production Volume: August 2026

2026-09-01

Press Release

2026-09-01 - Maruti Suzuki India Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Maruti Suzuki sales in August 2026 ".

2026-08-31

Shareholders meeting

2026-08-31 - Maruti Suzuki India Limited has informed the Exchange about Shareholders meeting

News

Recent coverage and analyst commentary for MARUTI

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Maruti Suzuki India Ltd.

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Name

MARUTI

12410.00

27.22

390173.59

1.13

3446.90

-9.11

52469.80

43.27

19.03

8.41

M&M

3120.00

21.01

387981.00

1.06

5997.56

37.04

58187.57

27.80

16.29

18.79

HYUNDAI

2175.00

35.70

176727.69

0.97

888.62

-35.10

16334.63

0.96

38.55

9.25

TMPV

302.00

1.40

111223.32

0.99

859.00

-78.54

95799.00

-7.70

0.67

6.46

MERCURYEV

41.75

158.53

793.14

0.00

1.56

-4.18

33.38

47.91

5.17

9.77

HINDMOTORS

13.82

0.00

288.37

0.00

0.22

-94.71

0.00

—

53.69

—

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

30,848

35,535

31,845

36,694

33,876

35,586

36,805

40,320

36,624

40,139

47,537

51,568

52,470

29,015

32,028

29,073

33,250

30,673

32,450

33,688

36,076

33,983

37,258

44,331

46,304

50,000

Operating Profit

1,833

3,507

2,772

3,444

3,204

3,136

3,117

4,244

2,642

2,880

3,206

5,263

2,470

OPM %

5.94%

9.87%

8.70%

9.39%

9.46%

8.81%

8.47%

10.53%

7.21%

7.18%

6.74%

10.21%

4.71%

1,048

900

996

1,184

1,060

1,523

1,058

1,511

1,888

946

1,055

484

1,874

Interest

Depreciation

1,314

1,342

1,302

1,298

1,332

1,386

1,429

1,462

1,556

1,703

1,735

1,748

1,780

Profit before Tax

3,207

4,834

4,099

5,030

4,778

5,093

4,659

4,846

4,908

4,272

4,832

4,821

4,441

Tax %

22.64%

22.88%

23.15%

22.97%

22.52%

40.02%

21.44%

20.77%

23.45%

23.18%

21.49%

26.12%

22.39%

Net Profit

3,760

3,102

3,727

3,911

3,792

3,349

3,879

3,659

3,447

80.88

120.43

102.00

125.71

119.58

98.68

118.54

124.40

120.62

106.52

123.38

116.38

109.63

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

68,085

79,809

86,068

75,660

70,372

88,330

1,18,410

1,41,858

1,52,913

1,83,316

1,91,713

57,727

67,746

75,065

68,347

65,020

82,624

1,05,316

1,23,332

1,32,757

1,61,860

1,77,894

Operating Profit

10,358

12,063

11,003

7,313

5,352

5,706

13,094

18,526

20,156

21,456

13,820

OPM %

15.21%

15.12%

12.78%

9.67%

7.60%

6.46%

11.06%

13.06%

13.18%

11.70%

7.21%

2,290

2,046

2,562

3,334

2,936

1,745

2,265

4,094

5,022

4,357

4,359

Interest

346

134

102

127

252

194

239

255

Depreciation

2,604

2,760

3,021

3,528

3,034

2,789

4,846

5,256

5,608

6,742

6,966

Profit before Tax

10,127

11,167

10,624

7,103

5,321

4,697

10,438

17,424

19,620

19,118

18,366

Tax %

25.83%

29.43%

27.99%

20.07%

17.51%

17.41%

20.83%

22.59%

26.09%

23.22%

23.32%

Net Profit

7,511

7,881

7,651

5,678

4,389

3,880

8,264

13,488

14,500

14,680

14,084

EPS

248.64

260.88

253.26

187.95

145.30

128.43

262.84

429.01

461.20

466.91

—

Dividend Payout %

30.16%

30.66%

31.59%

31.92%

30.96%

46.71%

34.24%

29.14%

29.27%

29.98%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

151

157

Minority Interest

36,924

42,408

46,941

49,262

52,350

55,182

74,443

85,479

96,083

1,06,999

1,680

1,762

2,284

2,314

2,674

2,615

3,854

3,383

3,470

3,408

Trade Payables

8,369

10,499

9,638

7,499

10,168

9,765

13,676

16,988

16,922

22,134

4,820

5,412

4,937

4,383

6,034

6,801

7,976

9,297

46,686

52,678

Total Liabilities

51,960

60,248

63,969

63,628

71,376

74,514

1,00,106

1,15,304

1,63,318

1,85,376

13,311

13,389

15,437

15,744

14,989

13,747

27,941

27,865

32,983

34,523

Capital Work in Progress

1,252

2,132

1,607

1,344

1,199

2,646

4,054

7,504

7,527

9,406

29,151

36,123

37,504

37,488

42,945

42,035

49,184

57,296

66,265

76,838

3,264

3,160

3,323

3,214

3,049

3,532

5,444

5,318

6,913

11,321

4,597

6,540

5,342

Cash & Bank

188

3,047

3,042

2,748

2,827

553

1,580

4,960

5,370

5,910

5,808

6,147

9,512

10,734

9,897

42,537

46,365

Total Assets

51,960

60,248

63,969

63,628

71,376

74,514

1,00,106

1,15,304

1,63,318

1,85,376

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

12,605

14,844

9,745

4,933

9,868

3,019

13,079

16,801

16,180

19,100

Cash from Investing

-9,173

-8,302

-3,540

-557

-7,291

-239

-8,820

-11,865

-14,500

-14,734

Cash from Financing

-1,129

-3,436

-2,948

-3,104

-1,545

-1,607

-1,214

-4,062

-4,155

-4,484

-20

113

-165

-6

780

874

-2,475

-118

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.19

58.28

58.53

58.65

18.98

17.68

15.47

14.96

15.20

15.78

15.76

14.12

12.82

19.37

20.75

22.83

23.56

23.25

22.54

22.83

24.08

25.09

Government

0.00

3.40

3.31

3.35

3.11

3.18

3.31

3.05

3.19

3.35

Maruti Suzuki India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Maruti Suzuki India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI