Maruti Suzuki India Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Vehicles: 80.0% • Spare Parts / Dies & Moulds / Components: 15.2% • Other Operating Revenues: 4.9%
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MARUTI | 13688.20 | 30.02 | 430360.53 | 1.02 | 3446.90 | -9.11 | 52469.80 | 43.27 | 19.03 | 8.41 |
| 2. | M&M | 3412.30 | 22.97 | 424329.34 | 0.97 | 5997.56 | 37.04 | 58187.57 | 27.80 | 16.29 | 18.79 |
| 3. | HYUNDAI | 2178.00 | 35.75 | 176971.45 | 0.96 | 888.62 | -35.10 | 16334.63 | 0.96 | 38.55 | 9.25 |
| 4. | TMPV | 322.00 | 1.50 | 118589.11 | 0.93 | 859.00 | -78.54 | 95799.00 | -7.70 | 0.67 | 6.46 |
| 5. | MERCURYEV | 37.60 | 142.77 | 714.30 | 0.00 | 15.58 | 858.18 | 333.84 | 1379.33 | 5.17 | 9.77 |
| 6. | HINDMOTORS | 14.74 | 0.00 | 307.56 | 0.00 | 0.22 | -94.71 | 0.00 | — | 53.69 | — |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 |
| 81 | 120 | 102 | 126 | 120 | 99 | 119 | 124 | 121 | 107 | 123 | 116 | 11 | |
| Equity Capital | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 | 157 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 30,848
- 29,015
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,048
- Interest
- 46
- Depreciation
- 1,314
- 3,207
- Tax %
- 22.64%
- Net Profit
- 0
- 81
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 35,535
- 32,028
- Operating Profit
- —
- OPM %
- —
- Other Income
- 900
- Interest
- 35
- Depreciation
- 1,342
- 4,834
- Tax %
- 22.88%
- Net Profit
- 0
- 120
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 31,845
- 29,073
- Operating Profit
- —
- OPM %
- —
- Other Income
- 996
- Interest
- 36
- Depreciation
- 1,302
- 4,099
- Tax %
- 23.15%
- Net Profit
- 0
- 102
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 36,694
- 33,250
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,184
- Interest
- 76
- Depreciation
- 1,298
- 5,030
- Tax %
- 22.97%
- Net Profit
- 0
- 126
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 33,876
- 30,673
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,060
- Interest
- 57
- Depreciation
- 1,332
- 4,778
- Tax %
- 22.52%
- Net Profit
- 3,760
- 120
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 35,586
- 32,450
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,523
- Interest
- 43
- Depreciation
- 1,386
- 5,093
- Tax %
- 40.02%
- Net Profit
- 3,102
- 99
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 36,805
- 33,688
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,058
- Interest
- 46
- Depreciation
- 1,429
- 4,659
- Tax %
- 21.44%
- Net Profit
- 3,727
- 119
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 40,320
- 36,076
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,511
- Interest
- 48
- Depreciation
- 1,462
- 4,846
- Tax %
- 20.77%
- Net Profit
- 3,911
- 124
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 36,624
- 33,983
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,888
- Interest
- 47
- Depreciation
- 1,556
- 4,908
- Tax %
- 23.45%
- Net Profit
- 3,792
- 121
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 40,139
- 37,258
- Operating Profit
- —
- OPM %
- —
- Other Income
- 946
- Interest
- 57
- Depreciation
- 1,703
- 4,272
- Tax %
- 23.18%
- Net Profit
- 3,349
- 107
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 47,537
- 44,331
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,055
- Interest
- 62
- Depreciation
- 1,735
- 4,832
- Tax %
- 21.49%
- Net Profit
- 3,879
- 123
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 51,568
- 46,304
- Operating Profit
- —
- OPM %
- —
- Other Income
- 484
- Interest
- 73
- Depreciation
- 1,748
- 4,821
- Tax %
- 26.12%
- Net Profit
- 3,659
- 116
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 52,470
- 50,000
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,874
- Interest
- 64
- Depreciation
- 1,780
- 4,441
- Tax %
- 22.39%
- Net Profit
- 3,447
- 11
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 12,648 | 14,109 | 13,565 | 10,647 | 8,288 | 7,451 | 15,359 | 22,620 | 25,178 | 25,813 | — |
| OPM % | 19 | 18 | 16 | 14 | 12 | 8 | 13 | 16 | 16 | 14 | — |
| Other Income | 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 |
| 10,127 | 11,167 | 10,624 | 7,103 | 5,321 | 4,697 | 10,438 | 17,424 | 19,620 | 19,118 | 18,366 | |
| Tax % | 26 | 29 | 28 | 20 | 18 | 17 | 21 | 23 | 26 | 23 | 23 |
| 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 | 249 | 261 | 253 | 188 | 145 | 128 | 263 | 429 | 461 | 467 | — |
| Dividend Payout % | 30 | 31 | 32 | 32 | 31 | 47 | 34 | 29 | 29 | 30 | — |
| Minority Interest | -1 | -1 | -2 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 348 |
| Adjusted EPS | 249 | 261 | 253 | 188 | 145 | 128 | 263 | 429 | 461 | 467 | — |
| Minority Interest | -1 | -1 | -2 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 348 |
| Adjusted EPS | 249 | 261 | 253 | 188 | 145 | 128 | 263 | 429 | 461 | 467 | — |
- 68,085
- 57,727
- Operating Profit
- 12,648
- OPM %
- 19
- Other Income
- 2,290
- Interest
- 89
- Depreciation
- 2,604
- 10,127
- Tax %
- 26
- Net Profit
- 7,511
- EPS
- 249
- Dividend Payout %
- 30
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 249
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 249
- 79,809
- 67,746
- Operating Profit
- 14,109
- OPM %
- 18
- Other Income
- 2,046
- Interest
- 346
- Depreciation
- 2,760
- 11,167
- Tax %
- 29
- Net Profit
- 7,881
- EPS
- 261
- Dividend Payout %
- 31
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 261
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 261
- 86,068
- 75,065
- Operating Profit
- 13,565
- OPM %
- 16
- Other Income
- 2,562
- Interest
- 76
- Depreciation
- 3,021
- 10,624
- Tax %
- 28
- Net Profit
- 7,651
- EPS
- 253
- Dividend Payout %
- 32
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 253
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 253
- 75,660
- 68,347
- Operating Profit
- 10,647
- OPM %
- 14
- Other Income
- 3,334
- Interest
- 134
- Depreciation
- 3,528
- 7,103
- Tax %
- 20
- Net Profit
- 5,678
- EPS
- 188
- Dividend Payout %
- 32
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 188
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 188
- 70,372
- 65,020
- Operating Profit
- 8,288
- OPM %
- 12
- Other Income
- 2,936
- Interest
- 102
- Depreciation
- 3,034
- 5,321
- Tax %
- 18
- Net Profit
- 4,389
- EPS
- 145
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 145
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 145
- 88,330
- 82,624
- Operating Profit
- 7,451
- OPM %
- 8
- Other Income
- 1,745
- Interest
- 127
- Depreciation
- 2,789
- 4,697
- Tax %
- 17
- Net Profit
- 3,880
- EPS
- 128
- Dividend Payout %
- 47
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 128
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 128
- 1,18,410
- 1,05,316
- Operating Profit
- 15,359
- OPM %
- 13
- Other Income
- 2,265
- Interest
- 252
- Depreciation
- 4,846
- 10,438
- Tax %
- 21
- Net Profit
- 8,264
- EPS
- 263
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 263
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 263
- 1,41,858
- 1,23,332
- Operating Profit
- 22,620
- OPM %
- 16
- Other Income
- 4,094
- Interest
- 194
- Depreciation
- 5,256
- 17,424
- Tax %
- 23
- Net Profit
- 13,488
- EPS
- 429
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 429
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 429
- 1,52,913
- 1,32,757
- Operating Profit
- 25,178
- OPM %
- 16
- Other Income
- 5,022
- Interest
- 194
- Depreciation
- 5,608
- 19,620
- Tax %
- 26
- Net Profit
- 14,500
- EPS
- 461
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 461
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 461
- 1,83,316
- 1,61,860
- Operating Profit
- 25,813
- OPM %
- 14
- Other Income
- 4,357
- Interest
- 239
- Depreciation
- 6,742
- 19,118
- Tax %
- 23
- Net Profit
- 14,680
- EPS
- 467
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 467
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 467
- 1,91,713
- 1,77,894
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4,359
- Interest
- 255
- Depreciation
- 6,966
- 18,366
- Tax %
- 23
- Net Profit
- 14,084
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 348
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 348
- Adjusted EPS
- —
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:
- 11%
- 5 Years:
- 15%
- 3 Years:
- 14%
- 1 Year:
- -3%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 151 | 151 | 151 | 151 | 151 | 151 | 157 | 157 | 157 | 157 |
| 36,924 | 42,408 | 46,941 | 49,262 | 52,350 | 55,182 | 74,443 | 85,479 | 96,083 | 1,06,999 | |
| 484 | 111 | 150 | 106 | 489 | 382 | 1,216 | 33 | 0 | 0 | |
| Trade Payables | 8,369 | 10,499 | 9,638 | 7,499 | 10,168 | 9,765 | 13,676 | 16,988 | 16,922 | 22,134 |
| 6,033 | 7,079 | 7,089 | 6,610 | 8,219 | 9,034 | 10,614 | 12,647 | 50,156 | 56,086 | |
| 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 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 484 | 121 | 160 | 114 | 494 | 385 | 1,216 | 33 | 0 | 0 |
| Net Working Capital | -4,439 | -7,518 | -1,788 | -2,865 | 1,883 | -230 | -7,098 | -3,338 | -1,067 | 2,457 |
| Contingent Liabilities | 8,246 | 6,970 | 8,318 | 10,062 | 11,646 | 16,515 | 17,019 | 17,891 | 18,471 | 17,920 |
| Book Value per Share | 1227.65 | 1409.25 | 1559.34 | 1636.19 | 1738.43 | 1832.24 | 2372.78 | 2723.79 | 3061.07 | 3408.28 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 484 | 121 | 160 | 114 | 494 | 385 | 1,216 | 33 | 0 | 0 |
| Net Working Capital | -4,439 | -7,518 | -1,788 | -2,865 | 1,883 | -230 | -7,098 | -3,338 | -1,067 | 2,457 |
| Contingent Liabilities | 8,246 | 6,970 | 8,318 | 10,062 | 11,646 | 16,515 | 17,019 | 17,891 | 18,471 | 17,920 |
| Book Value per Share | 1227.65 | 1409.25 | 1559.34 | 1636.19 | 1738.43 | 1832.24 | 2372.78 | 2723.79 | 3061.07 | 3408.28 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
- Equity Capital
- 151
- 36,924
- 484
- Trade Payables
- 8,369
- 6,033
- Total Liabilities
- 51,960
- 13,311
- Capital Work in Progress
- 1,252
- 29,151
- 3,264
- 0
- Cash & Bank
- 24
- 4,960
- Total Assets
- 51,960
- Total Debt
- 484
- Net Working Capital
- -4,439
- Contingent Liabilities
- 8,246
- Book Value per Share
- 1227.65
- Face Value
- 5.00
- Total Debt
- 484
- Net Working Capital
- -4,439
- Contingent Liabilities
- 8,246
- Book Value per Share
- 1227.65
- Face Value
- 5.00
- Equity Capital
- 151
- 42,408
- 111
- Trade Payables
- 10,499
- 7,079
- Total Liabilities
- 60,248
- 13,389
- Capital Work in Progress
- 2,132
- 36,123
- 3,160
- 0
- Cash & Bank
- 74
- 5,370
- Total Assets
- 60,248
- Total Debt
- 121
- Net Working Capital
- -7,518
- Contingent Liabilities
- 6,970
- Book Value per Share
- 1409.25
- Face Value
- 5.00
- Total Debt
- 121
- Net Working Capital
- -7,518
- Contingent Liabilities
- 6,970
- Book Value per Share
- 1409.25
- Face Value
- 5.00
- Equity Capital
- 151
- 46,941
- 150
- Trade Payables
- 9,638
- 7,089
- Total Liabilities
- 63,969
- 15,437
- Capital Work in Progress
- 1,607
- 37,504
- 3,323
- 0
- Cash & Bank
- 188
- 5,910
- Total Assets
- 63,969
- Total Debt
- 160
- Net Working Capital
- -1,788
- Contingent Liabilities
- 8,318
- Book Value per Share
- 1559.34
- Face Value
- 5.00
- Total Debt
- 160
- Net Working Capital
- -1,788
- Contingent Liabilities
- 8,318
- Book Value per Share
- 1559.34
- Face Value
- 5.00
- Equity Capital
- 151
- 49,262
- 106
- Trade Payables
- 7,499
- 6,610
- Total Liabilities
- 63,628
- 15,744
- Capital Work in Progress
- 1,344
- 37,488
- 3,214
- 0
- Cash & Bank
- 29
- 5,808
- Total Assets
- 63,628
- Total Debt
- 114
- Net Working Capital
- -2,865
- Contingent Liabilities
- 10,062
- Book Value per Share
- 1636.19
- Face Value
- 5.00
- Total Debt
- 114
- Net Working Capital
- -2,865
- Contingent Liabilities
- 10,062
- Book Value per Share
- 1636.19
- Face Value
- 5.00
- Equity Capital
- 151
- 52,350
- 489
- Trade Payables
- 10,168
- 8,219
- Total Liabilities
- 71,376
- 14,989
- Capital Work in Progress
- 1,199
- 42,945
- 3,049
- 0
- Cash & Bank
- 3,047
- 6,147
- Total Assets
- 71,376
- Total Debt
- 494
- Net Working Capital
- 1,883
- Contingent Liabilities
- 11,646
- Book Value per Share
- 1738.43
- Face Value
- 5.00
- Total Debt
- 494
- Net Working Capital
- 1,883
- Contingent Liabilities
- 11,646
- Book Value per Share
- 1738.43
- Face Value
- 5.00
- Equity Capital
- 151
- 55,182
- 382
- Trade Payables
- 9,765
- 9,034
- Total Liabilities
- 74,514
- 13,747
- Capital Work in Progress
- 2,646
- 42,035
- 3,532
- 0
- Cash & Bank
- 3,042
- 9,512
- Total Assets
- 74,514
- Total Debt
- 385
- Net Working Capital
- -230
- Contingent Liabilities
- 16,515
- Book Value per Share
- 1832.24
- Face Value
- 5.00
- Total Debt
- 385
- Net Working Capital
- -230
- Contingent Liabilities
- 16,515
- Book Value per Share
- 1832.24
- Face Value
- 5.00
- Equity Capital
- 157
- 74,443
- 1,216
- Trade Payables
- 13,676
- 10,614
- Total Liabilities
- 1,00,106
- 27,941
- Capital Work in Progress
- 4,054
- 49,184
- 5,444
- 0
- Cash & Bank
- 2,748
- 10,734
- Total Assets
- 1,00,106
- Total Debt
- 1,216
- Net Working Capital
- -7,098
- Contingent Liabilities
- 17,019
- Book Value per Share
- 2372.78
- Face Value
- 5.00
- Total Debt
- 1,216
- Net Working Capital
- -7,098
- Contingent Liabilities
- 17,019
- Book Value per Share
- 2372.78
- Face Value
- 5.00
- Equity Capital
- 157
- 85,479
- 33
- Trade Payables
- 16,988
- 12,647
- Total Liabilities
- 1,15,304
- 27,865
- Capital Work in Progress
- 7,504
- 57,296
- 5,318
- 4,597
- Cash & Bank
- 2,827
- 9,897
- Total Assets
- 1,15,304
- Total Debt
- 33
- Net Working Capital
- -3,338
- Contingent Liabilities
- 17,891
- Book Value per Share
- 2723.79
- Face Value
- 5.00
- Total Debt
- 33
- Net Working Capital
- -3,338
- Contingent Liabilities
- 17,891
- Book Value per Share
- 2723.79
- Face Value
- 5.00
- Equity Capital
- 157
- 96,083
- 0
- Trade Payables
- 16,922
- 50,156
- Total Liabilities
- 1,63,318
- 32,983
- Capital Work in Progress
- 7,527
- 66,265
- 6,913
- 6,540
- Cash & Bank
- 553
- 42,537
- Total Assets
- 1,63,318
- Total Debt
- 0
- Net Working Capital
- -1,067
- Contingent Liabilities
- 18,471
- Book Value per Share
- 3061.07
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- -1,067
- Contingent Liabilities
- 18,471
- Book Value per Share
- 3061.07
- Face Value
- 5.00
- Equity Capital
- 157
- 1,06,999
- 0
- Trade Payables
- 22,134
- 56,086
- Total Liabilities
- 1,85,376
- 34,523
- Capital Work in Progress
- 9,406
- 76,838
- 11,321
- 5,342
- Cash & Bank
- 1,580
- 46,365
- Total Assets
- 1,85,376
- Total Debt
- 0
- Net Working Capital
- 2,457
- Contingent Liabilities
- 17,920
- Book Value per Share
- 3408.28
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- 2,457
- Contingent Liabilities
- 17,920
- Book Value per Share
- 3408.28
- Face Value
- 5.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10,282 | 11,788 | 6,601 | 3,496 | 8,856 | 1,840 | 10,815 | 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 | |
| Free Cash Flow | 6,699 | 8,130 | 2,219 | 356 | 7,253 | -637 | -14,129 | 8,646 | 5,892 | 10,071 |
| OCF / Net Profit | 1.37 | 1.50 | 0.86 | 0.62 | 2.02 | 0.47 | 1.31 | 1.25 | 1.12 | 1.30 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 24,657 | 17,321 | -4,939 | 1,489 | 7,025 | 9,843 |
| OCF / Net Profit | 1.37 | 1.50 | 0.86 | 0.62 | 2.02 | 0.47 | 1.31 | 1.25 | 1.12 | 1.30 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 24,657 | 17,321 | -4,939 | 1,489 | 7,025 | 9,843 |
- 10,282
- Cash from Investing
- -9,173
- Cash from Financing
- -1,129
- -20
- Free Cash Flow
- 6,699
- OCF / Net Profit
- 1.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.37
- Cumulative 5-Year FCF
- 0
- 11,788
- Cash from Investing
- -8,302
- Cash from Financing
- -3,436
- 50
- Free Cash Flow
- 8,130
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- 0
- 6,601
- Cash from Investing
- -3,540
- Cash from Financing
- -2,948
- 113
- Free Cash Flow
- 2,219
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 0
- 3,496
- Cash from Investing
- -557
- Cash from Financing
- -3,104
- -165
- Free Cash Flow
- 356
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 0
- 8,856
- Cash from Investing
- -7,291
- Cash from Financing
- -1,545
- 20
- Free Cash Flow
- 7,253
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 24,657
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 24,657
- 1,840
- Cash from Investing
- -239
- Cash from Financing
- -1,607
- -6
- Free Cash Flow
- -637
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 17,321
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 17,321
- 10,815
- Cash from Investing
- -8,820
- Cash from Financing
- -1,214
- 780
- Free Cash Flow
- -14,129
- OCF / Net Profit
- 1.31
- Cumulative 5-Year FCF
- -4,939
- OCF / Net Profit
- 1.31
- Cumulative 5-Year FCF
- -4,939
- 16,801
- Cash from Investing
- -11,865
- Cash from Financing
- -4,062
- 874
- Free Cash Flow
- 8,646
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 1,489
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 1,489
- 16,180
- Cash from Investing
- -14,500
- Cash from Financing
- -4,155
- -2,475
- Free Cash Flow
- 5,892
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 7,025
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 7,025
- 19,100
- Cash from Investing
- -14,734
- Cash from Financing
- -4,484
- -118
- Free Cash Flow
- 10,071
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 9,843
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 9,843
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 248.67 | 260.93 | 253.28 | 187.95 | 145.33 | 128.46 | 262.84 | 429.01 | 461.20 | 466.91 |
| Book Value (₹) | 1227.65 | 1409.25 | 1559.34 | 1636.19 | 1738.43 | 1832.24 | 2372.78 | 2723.79 | 3061.07 | 3408.28 |
| Dividend per Share (₹) | 75.00 | 80.00 | 80.00 | 60.00 | 45.00 | 60.00 | 90.00 | 125.00 | 135.00 | 140.00 |
| Cash EPS (₹) | 334.93 | 352.33 | 353.36 | 304.83 | 245.80 | 220.81 | 416.98 | 596.18 | 639.58 | 681.34 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.36% | 16.50% | 15.03% | 13.27% | 11.22% | 8.14% | 12.53% | 12.59% | 12.63% | 11.31% |
| Net Margin % | 9.71% | 9.21% | 8.48% | 7.08% | 5.94% | 4.24% | 6.74% | 9.17% | 9.09% | 7.74% |
| ROE % | 22.19% | 19.79% | 17.07% | 11.77% | 8.61% | 7.20% | 12.72% | 16.84% | 15.95% | 14.43% |
| ROCE % | 29.87% | 28.70% | 23.80% | 14.96% | 10.58% | 8.87% | 16.26% | 21.82% | 21.78% | 19.03% |
| 15.87% | 14.05% | 12.32% | 8.90% | 6.50% | 5.32% | 9.46% | 12.52% | 10.41% | 8.42% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 6 | 6 | 8 | 10 | 8 | 7 | 8 | 10 | 13 | 11 |
| Inventory Days | 15 | 14 | 13 | 15 | 15 | 13 | 13 | 13 | 14 | 18 |
| Payable Days | 62 | 63 | 62 | 59 | 63 | 55 | 50 | 56 | 58 | 54 |
| -41 | -43 | -41 | -34 | -40 | -35 | -29 | -33 | -31 | -25 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.01x | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | 0.02x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 114.28x | 33.29x | 140.97x | 53.93x | 53.27x | 38.10x | 42.37x | 91.00x | 102.03x | 81.09x |
| 0.66x | 0.51x | 0.87x | 0.75x | 1.12x | 0.99x | 0.69x | 0.87x | 0.98x | 1.04x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 18.23% | 17.22% | 7.84% | -12.09% | -6.99% | 25.52% | 34.05% | 19.80% | 7.79% | 19.88% |
| Operating Profit Growth % | 21.97% | 11.56% | -3.86% | -21.51% | -22.16% | -10.10% | 106.14% | 47.27% | 11.31% | 2.52% |
| Net Profit Growth % | 36.63% | 4.92% | -2.92% | -25.79% | -22.69% | -11.61% | 113.01% | 63.22% | 7.50% | 1.24% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 63.22% | 7.50% | 1.24% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.40x | 24.98x | 26.34x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.63x | 3.76x | 3.61x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.99% | 1.17% | 1.14% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.41x | 14.36x | 14.92x |
- EPS (₹)
- 248.67
- Book Value (₹)
- 1227.65
- Dividend per Share (₹)
- 75.00
- Cash EPS (₹)
- 334.93
- Operating Margin %
- 16.36%
- Net Margin %
- 9.71%
- ROE %
- 22.19%
- ROCE %
- 29.87%
- 15.87%
- Debtor Days
- 6
- Inventory Days
- 15
- Payable Days
- 62
- -41
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 114.28x
- 0.66x
- Revenue Growth %
- 18.23%
- Operating Profit Growth %
- 21.97%
- Net Profit Growth %
- 36.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 260.93
- Book Value (₹)
- 1409.25
- Dividend per Share (₹)
- 80.00
- Cash EPS (₹)
- 352.33
- Operating Margin %
- 16.50%
- Net Margin %
- 9.21%
- ROE %
- 19.79%
- ROCE %
- 28.70%
- 14.05%
- Debtor Days
- 6
- Inventory Days
- 14
- Payable Days
- 63
- -43
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 33.29x
- 0.51x
- Revenue Growth %
- 17.22%
- Operating Profit Growth %
- 11.56%
- Net Profit Growth %
- 4.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 253.28
- Book Value (₹)
- 1559.34
- Dividend per Share (₹)
- 80.00
- Cash EPS (₹)
- 353.36
- Operating Margin %
- 15.03%
- Net Margin %
- 8.48%
- ROE %
- 17.07%
- ROCE %
- 23.80%
- 12.32%
- Debtor Days
- 8
- Inventory Days
- 13
- Payable Days
- 62
- -41
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 140.97x
- 0.87x
- Revenue Growth %
- 7.84%
- Operating Profit Growth %
- -3.86%
- Net Profit Growth %
- -2.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 187.95
- Book Value (₹)
- 1636.19
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 304.83
- Operating Margin %
- 13.27%
- Net Margin %
- 7.08%
- ROE %
- 11.77%
- ROCE %
- 14.96%
- 8.90%
- Debtor Days
- 10
- Inventory Days
- 15
- Payable Days
- 59
- -34
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 53.93x
- 0.75x
- Revenue Growth %
- -12.09%
- Operating Profit Growth %
- -21.51%
- Net Profit Growth %
- -25.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 145.33
- Book Value (₹)
- 1738.43
- Dividend per Share (₹)
- 45.00
- Cash EPS (₹)
- 245.80
- Operating Margin %
- 11.22%
- Net Margin %
- 5.94%
- ROE %
- 8.61%
- ROCE %
- 10.58%
- 6.50%
- Debtor Days
- 8
- Inventory Days
- 15
- Payable Days
- 63
- -40
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 53.27x
- 1.12x
- Revenue Growth %
- -6.99%
- Operating Profit Growth %
- -22.16%
- Net Profit Growth %
- -22.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 128.46
- Book Value (₹)
- 1832.24
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 220.81
- Operating Margin %
- 8.14%
- Net Margin %
- 4.24%
- ROE %
- 7.20%
- ROCE %
- 8.87%
- 5.32%
- Debtor Days
- 7
- Inventory Days
- 13
- Payable Days
- 55
- -35
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 38.10x
- 0.99x
- Revenue Growth %
- 25.52%
- Operating Profit Growth %
- -10.10%
- Net Profit Growth %
- -11.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 262.84
- Book Value (₹)
- 2372.78
- Dividend per Share (₹)
- 90.00
- Cash EPS (₹)
- 416.98
- Operating Margin %
- 12.53%
- Net Margin %
- 6.74%
- ROE %
- 12.72%
- ROCE %
- 16.26%
- 9.46%
- Debtor Days
- 8
- Inventory Days
- 13
- Payable Days
- 50
- -29
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 42.37x
- 0.69x
- Revenue Growth %
- 34.05%
- Operating Profit Growth %
- 106.14%
- Net Profit Growth %
- 113.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 429.01
- Book Value (₹)
- 2723.79
- Dividend per Share (₹)
- 125.00
- Cash EPS (₹)
- 596.18
- Operating Margin %
- 12.59%
- Net Margin %
- 9.17%
- ROE %
- 16.84%
- ROCE %
- 21.82%
- 12.52%
- Debtor Days
- 10
- Inventory Days
- 13
- Payable Days
- 56
- -33
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 91.00x
- 0.87x
- Revenue Growth %
- 19.80%
- Operating Profit Growth %
- 47.27%
- Net Profit Growth %
- 63.22%
- 63.22%
- P/E (x)
- 29.40x
- P/B (x)
- 4.63x
- Dividend Yield %
- 0.99%
- 17.41x
- EPS (₹)
- 461.20
- Book Value (₹)
- 3061.07
- Dividend per Share (₹)
- 135.00
- Cash EPS (₹)
- 639.58
- Operating Margin %
- 12.63%
- Net Margin %
- 9.09%
- ROE %
- 15.95%
- ROCE %
- 21.78%
- 10.41%
- Debtor Days
- 13
- Inventory Days
- 14
- Payable Days
- 58
- -31
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 102.03x
- 0.98x
- Revenue Growth %
- 7.79%
- Operating Profit Growth %
- 11.31%
- Net Profit Growth %
- 7.50%
- 7.50%
- P/E (x)
- 24.98x
- P/B (x)
- 3.76x
- Dividend Yield %
- 1.17%
- 14.36x
- EPS (₹)
- 466.91
- Book Value (₹)
- 3408.28
- Dividend per Share (₹)
- 140.00
- Cash EPS (₹)
- 681.34
- Operating Margin %
- 11.31%
- Net Margin %
- 7.74%
- ROE %
- 14.43%
- ROCE %
- 19.03%
- 8.42%
- Debtor Days
- 11
- Inventory Days
- 18
- Payable Days
- 54
- -25
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 81.09x
- 1.04x
- Revenue Growth %
- 19.88%
- Operating Profit Growth %
- 2.52%
- Net Profit Growth %
- 1.24%
- 1.24%
- P/E (x)
- 26.34x
- P/B (x)
- 3.61x
- Dividend Yield %
- 1.14%
- 14.92x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-14 - Maruti Suzuki India Limited has informed the Exchange about Copy of Newspaper Publication
- Copy of Newspaper Publication
2026-08-09 - Maruti Suzuki India Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
- Credit Rating
2025-11-21 - Maruti Suzuki India Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jul 2026
Apr 2026

