Maruti Suzuki India Ltd.

•

marutisuzuki.comBSE: 532500NSE: MARUTI

Market Cap₹ 3,90,174 Cr.

Current Price

High / Low₹ 17,370 / 12,201

Stock P/E27.8

Book Value₹ 3,450

Price to Book3.68

Dividend Yield1.13 %

ROCE19.1 %

ROE14.5 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Motor Vehicles: 80.0% • Spare Parts / Dies & Moulds / Components: 15.2% • Others: 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 27.8% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 21.6%
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 1.20x)
Company has been maintaining a healthy dividend payout of 30.5%

CONS

Inventory has been piling up - inventory days up from 13 to 18

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	30,845	35,535	31,860	36,698	33,875	35,589	36,802	40,310	36,625	40,136	47,534	51,557	52,456
	29,344	32,278	29,401	33,550	31,029	32,786	33,688	36,067	34,418	37,667	44,320	46,292	49,988
Operating Profit	1,501	3,257	2,459	3,148	2,846	2,803	3,114	4,243	2,206	2,469	3,215	5,265	2,468
OPM %	4.87%	9.17%	7.72%	8.58%	8.40%	7.88%	8.46%	10.53%	6.02%	6.15%	6.76%	10.21%	4.70%
	1,001	844	933	1,118	975	1,475	1,067	1,528	1,823	913	1,054	500	1,874
Interest	46	35	35	76	57	40	46	48	47	57	62	73	64
Depreciation	748	794	752	729	731	751	1,429	1,461	938	1,039	1,734	1,748	1,780
Profit before Tax	3,190	4,799	4,054	4,998	4,689	5,100	4,657	4,862	4,834	4,251	4,830	4,836	4,341
Tax %	22.10%	22.55%	22.79%	22.41%	22.16%	39.83%	21.42%	20.66%	23.22%	22.53%	21.45%	25.75%	22.79%
Net Profit	2,485	3,716	3,130	3,878	3,650	3,069	3,659	3,857	3,712	3,293	3,794	3,590	3,352
	82.27	123.03	101.90	123.34	116.09	97.62	116.39	122.69	118.06	104.74	120.67	114.20	106.62

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	68,035	79,763	86,020	75,611	70,332	88,296	1,17,523	1,40,933	1,52,868	1,83,266	1,91,683
	57,683	67,701	75,021	68,308	64,987	82,594	1,06,515	1,24,532	1,32,719	1,61,816	1,78,267
Operating Profit	10,352	12,062	10,999	7,303	5,345	5,701	11,008	16,401	20,149	21,450	13,416
OPM %	15.22%	15.12%	12.79%	9.66%	7.60%	6.46%	9.37%	11.64%	13.18%	11.70%	7.00%
	2,300	2,046	2,561	3,421	2,946	1,794	2,161	3,855	5,065	4,392	4,341
Interest	89	346	76	133	101	126	187	193	194	239	255
Depreciation	2,602	2,758	3,019	3,526	3,032	2,786	2,823	3,022	5,607	6,740	6,301
Profit before Tax	9,960	11,003	10,466	7,065	5,159	4,582	10,159	17,040	19,413	18,863	18,258
Tax %	26.21%	29.82%	28.33%	20.02%	18.02%	17.81%	20.77%	22.48%	26.35%	23.42%	23.16%
Net Profit	7,350	7,722	7,501	5,651	4,230	3,766	8,049	13,209	14,298	14,445	14,030
EPS	243.32	255.62	248.30	187.06	140.02	124.68	266.46	420.15	454.76	459.46	—
Dividend Payout %	30.82%	31.29%	32.21%	32.07%	32.13%	48.11%	33.77%	29.75%	29.69%	30.47%	—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 28%
3 Years:: 22%

STOCK PRICE CAGR

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

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	151	157	157	157
	36,280	41,606	45,990	48,286	51,216	53,935	60,231	83,825	94,270	1,04,953
	1,680	1,751	2,276	2,303	2,667	2,612	3,854	3,383	3,470	3,408
Trade Payables	8,367	10,497	9,633	7,494	10,162	9,761	11,780	14,582	16,921	22,131
	4,772	5,365	4,881	4,318	5,965	6,733	6,821	8,225	46,616	52,589
Total Liabilities	51,251	59,370	62,932	62,552	70,161	73,192	82,838	1,10,172	1,61,435	1,83,238
	13,293	13,359	15,408	15,710	14,957	13,717	17,805	18,495	32,971	34,512
Capital Work in Progress	1,252	2,126	1,600	1,337	1,192	2,639	2,808	6,303	7,527	9,406
	28,481	35,290	36,515	36,468	41,787	40,763	47,756	68,514	64,442	74,766
	3,262	3,161	3,326	3,215	3,050	3,533	4,284	4,120	6,909	11,315
	0	0	0	0	0	0	0	4,601	6,535	5,336
Cash & Bank	14	71	179	21	3,036	3,036	38	460	549	1,576
	4,949	5,363	5,904	5,801	6,138	9,503	10,147	7,679	42,502	46,327
Total Assets	51,251	59,370	62,932	62,552	70,161	73,192	82,838	1,10,172	1,61,435	1,83,238

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12,601	14,840	9,736	4,841	9,850	2,968	11,459	15,167	16,131	19,063
Cash from Investing	-9,178	-8,282	-3,538	-464	-7,284	-189	-8,018	-10,683	-14,452	-14,696
Cash from Financing	-1,129	-3,446	-2,948	-3,100	-1,541	-1,602	-1,208	-4,062	-4,155	-4,484
	-28	57	107	-159	14	-0	1	422	-2,476	-117

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

30,845

35,535

31,860

36,698

33,875

35,589

36,802

40,310

36,625

40,136

47,534

51,557

52,456

29,344

32,278

29,401

33,550

31,029

32,786

33,688

36,067

34,418

37,667

44,320

46,292

49,988

Operating Profit

1,501

3,257

2,459

3,148

2,846

2,803

3,114

4,243

2,206

2,469

3,215

5,265

2,468

OPM %

4.87%

9.17%

7.72%

8.58%

8.40%

7.88%

8.46%

10.53%

6.02%

6.15%

6.76%

10.21%

4.70%

1,001

844

933

1,118

975

1,475

1,067

1,528

1,823

913

1,054

500

1,874

Interest

Depreciation

748

794

752

729

731

751

1,429

1,461

938

1,039

1,734

1,748

1,780

Profit before Tax

3,190

4,799

4,054

4,998

4,689

5,100

4,657

4,862

4,834

4,251

4,830

4,836

4,341

Tax %

22.10%

22.55%

22.79%

22.41%

22.16%

39.83%

21.42%

20.66%

23.22%

22.53%

21.45%

25.75%

22.79%

Net Profit

2,485

3,716

3,130

3,878

3,650

3,069

3,659

3,857

3,712

3,293

3,794

3,590

3,352

82.27

123.03

101.90

123.34

116.09

97.62

116.39

122.69

118.06

104.74

120.67

114.20

106.62

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

68,035

79,763

86,020

75,611

70,332

88,296

1,17,523

1,40,933

1,52,868

1,83,266

1,91,683

57,683

67,701

75,021

68,308

64,987

82,594

1,06,515

1,24,532

1,32,719

1,61,816

1,78,267

Operating Profit

10,352

12,062

10,999

7,303

5,345

5,701

11,008

16,401

20,149

21,450

13,416

OPM %

15.22%

15.12%

12.79%

9.66%

7.60%

6.46%

9.37%

11.64%

13.18%

11.70%

7.00%

2,300

2,046

2,561

3,421

2,946

1,794

2,161

3,855

5,065

4,392

4,341

Interest

346

133

101

126

187

193

194

239

255

Depreciation

2,602

2,758

3,019

3,526

3,032

2,786

2,823

3,022

5,607

6,740

6,301

Profit before Tax

9,960

11,003

10,466

7,065

5,159

4,582

10,159

17,040

19,413

18,863

18,258

Tax %

26.21%

29.82%

28.33%

20.02%

18.02%

17.81%

20.77%

22.48%

26.35%

23.42%

23.16%

Net Profit

7,350

7,722

7,501

5,651

4,230

3,766

8,049

13,209

14,298

14,445

14,030

EPS

243.32

255.62

248.30

187.06

140.02

124.68

266.46

420.15

454.76

459.46

—

Dividend Payout %

30.82%

31.29%

32.21%

32.07%

32.13%

48.11%

33.77%

29.75%

29.69%

30.47%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

151

157

36,280

41,606

45,990

48,286

51,216

53,935

60,231

83,825

94,270

1,04,953

1,680

1,751

2,276

2,303

2,667

2,612

3,854

3,383

3,470

3,408

Trade Payables

8,367

10,497

9,633

7,494

10,162

9,761

11,780

14,582

16,921

22,131

4,772

5,365

4,881

4,318

5,965

6,733

6,821

8,225

46,616

52,589

Total Liabilities

51,251

59,370

62,932

62,552

70,161

73,192

82,838

1,10,172

1,61,435

1,83,238

13,293

13,359

15,408

15,710

14,957

13,717

17,805

18,495

32,971

34,512

Capital Work in Progress

1,252

2,126

1,600

1,337

1,192

2,639

2,808

6,303

7,527

9,406

28,481

35,290

36,515

36,468

41,787

40,763

47,756

68,514

64,442

74,766

3,262

3,161

3,326

3,215

3,050

3,533

4,284

4,120

6,909

11,315

4,601

6,535

5,336

Cash & Bank

179

3,036

460

549

1,576

4,949

5,363

5,904

5,801

6,138

9,503

10,147

7,679

42,502

46,327

Total Assets

51,251

59,370

62,932

62,552

70,161

73,192

82,838

1,10,172

1,61,435

1,83,238

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

12,601

14,840

9,736

4,841

9,850

2,968

11,459

15,167

16,131

19,063

Cash from Investing

-9,178

-8,282

-3,538

-464

-7,284

-189

-8,018

-10,683

-14,452

-14,696

Cash from Financing

-1,129

-3,446

-2,948

-3,100

-1,541

-1,602

-1,208

-4,062

-4,155

-4,484

-28

107

-159

-0

422

-2,476

-117

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