Maruti Suzuki India Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Motor Vehicles: 80.0% • Spare Parts / Dies & Moulds / Components: 15.2% • Others: 4.9%
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
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
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 | 123 | 102 | 123 | 116 | 98 | 116 | 123 | 118 | 105 | 121 | 114 | 11 | |
| Equity Capital | 151 | 151 | 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 | 151 | 151 | 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% |
- 30,845
- 29,344
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,001
- Interest
- 46
- Depreciation
- 748
- 3,190
- Tax %
- 22.10%
- Net Profit
- 2,485
- 82
- Equity Capital
- 151
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 151
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 35,535
- 32,278
- Operating Profit
- —
- OPM %
- —
- Other Income
- 844
- Interest
- 35
- Depreciation
- 794
- 4,799
- Tax %
- 22.55%
- Net Profit
- 3,716
- 123
- Equity Capital
- 151
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 151
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 31,860
- 29,401
- Operating Profit
- —
- OPM %
- —
- Other Income
- 933
- Interest
- 35
- Depreciation
- 752
- 4,054
- Tax %
- 22.79%
- Net Profit
- 3,130
- 102
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 36,698
- 33,550
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,118
- Interest
- 76
- Depreciation
- 729
- 4,998
- Tax %
- 22.41%
- Net Profit
- 3,878
- 123
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 33,875
- 31,029
- Operating Profit
- —
- OPM %
- —
- Other Income
- 975
- Interest
- 57
- Depreciation
- 731
- 4,689
- Tax %
- 22.16%
- Net Profit
- 3,650
- 116
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 35,589
- 32,786
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,475
- Interest
- 40
- Depreciation
- 751
- 5,100
- Tax %
- 39.83%
- Net Profit
- 3,069
- 98
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 36,802
- 33,688
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,067
- Interest
- 46
- Depreciation
- 1,429
- 4,657
- Tax %
- 21.42%
- Net Profit
- 3,659
- 116
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 40,310
- 36,067
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,528
- Interest
- 48
- Depreciation
- 1,461
- 4,862
- Tax %
- 20.66%
- Net Profit
- 3,857
- 123
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 36,625
- 34,418
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,823
- Interest
- 47
- Depreciation
- 938
- 4,834
- Tax %
- 23.22%
- Net Profit
- 3,712
- 118
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 40,136
- 37,667
- Operating Profit
- —
- OPM %
- —
- Other Income
- 913
- Interest
- 57
- Depreciation
- 1,039
- 4,251
- Tax %
- 22.53%
- Net Profit
- 3,293
- 105
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 47,534
- 44,320
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,054
- Interest
- 62
- Depreciation
- 1,734
- 4,830
- Tax %
- 21.45%
- Net Profit
- 3,794
- 121
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 51,557
- 46,292
- Operating Profit
- —
- OPM %
- —
- Other Income
- 500
- Interest
- 73
- Depreciation
- 1,748
- 4,836
- Tax %
- 25.75%
- Net Profit
- 3,590
- 114
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 52,456
- 49,988
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,874
- Interest
- 64
- Depreciation
- 1,780
- 4,341
- Tax %
- 22.79%
- Net Profit
- 3,352
- 11
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 157
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 12,652 | 14,107 | 13,560 | 10,723 | 8,292 | 7,495 | 13,169 | 20,256 | 25,214 | 25,842 | — |
| OPM % | 19 | 18 | 16 | 14 | 12 | 8 | 11 | 14 | 16 | 14 | — |
| Other Income | 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 |
| 9,960 | 11,003 | 10,466 | 7,065 | 5,159 | 4,582 | 10,159 | 17,040 | 19,413 | 18,863 | 18,258 | |
| Tax % | 26 | 30 | 28 | 20 | 18 | 18 | 21 | 22 | 26 | 23 | 23 |
| 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 | 256 | 248 | 187 | 140 | 125 | 266 | 420 | 455 | 459 | — |
| Dividend Payout % | 31 | 31 | 32 | 32 | 32 | 48 | 34 | 30 | 30 | 30 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 243 | 256 | 248 | 187 | 140 | 125 | 267 | 420 | 455 | 459 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 243 | 256 | 248 | 187 | 140 | 125 | 267 | 420 | 455 | 459 | — |
- 68,035
- 57,683
- Operating Profit
- 12,652
- OPM %
- 19
- Other Income
- 2,300
- Interest
- 89
- Depreciation
- 2,602
- 9,960
- Tax %
- 26
- Net Profit
- 7,350
- EPS
- 243
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 243
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 243
- 79,763
- 67,701
- Operating Profit
- 14,107
- OPM %
- 18
- Other Income
- 2,046
- Interest
- 346
- Depreciation
- 2,758
- 11,003
- Tax %
- 30
- Net Profit
- 7,722
- EPS
- 256
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 256
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 256
- 86,020
- 75,021
- Operating Profit
- 13,560
- OPM %
- 16
- Other Income
- 2,561
- Interest
- 76
- Depreciation
- 3,019
- 10,466
- Tax %
- 28
- Net Profit
- 7,501
- EPS
- 248
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 248
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 248
- 75,611
- 68,308
- Operating Profit
- 10,723
- OPM %
- 14
- Other Income
- 3,421
- Interest
- 133
- Depreciation
- 3,526
- 7,065
- Tax %
- 20
- Net Profit
- 5,651
- EPS
- 187
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 187
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 187
- 70,332
- 64,987
- Operating Profit
- 8,292
- OPM %
- 12
- Other Income
- 2,946
- Interest
- 101
- Depreciation
- 3,032
- 5,159
- Tax %
- 18
- Net Profit
- 4,230
- EPS
- 140
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 140
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 140
- 88,296
- 82,594
- Operating Profit
- 7,495
- OPM %
- 8
- Other Income
- 1,794
- Interest
- 126
- Depreciation
- 2,786
- 4,582
- Tax %
- 18
- Net Profit
- 3,766
- EPS
- 125
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 125
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 125
- 1,17,523
- 1,06,515
- Operating Profit
- 13,169
- OPM %
- 11
- Other Income
- 2,161
- Interest
- 187
- Depreciation
- 2,823
- 10,159
- Tax %
- 21
- Net Profit
- 8,049
- EPS
- 266
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 267
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 267
- 1,40,933
- 1,24,532
- Operating Profit
- 20,256
- OPM %
- 14
- Other Income
- 3,855
- Interest
- 193
- Depreciation
- 3,022
- 17,040
- Tax %
- 22
- Net Profit
- 13,209
- EPS
- 420
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 420
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 420
- 1,52,868
- 1,32,719
- Operating Profit
- 25,214
- OPM %
- 16
- Other Income
- 5,065
- Interest
- 194
- Depreciation
- 5,607
- 19,413
- Tax %
- 26
- Net Profit
- 14,298
- EPS
- 455
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 455
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 455
- 1,83,266
- 1,61,816
- Operating Profit
- 25,842
- OPM %
- 14
- Other Income
- 4,392
- Interest
- 239
- Depreciation
- 6,740
- 18,863
- Tax %
- 23
- Net Profit
- 14,445
- EPS
- 459
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 459
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 459
- 1,91,683
- 1,78,267
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4,341
- Interest
- 255
- Depreciation
- 6,301
- 18,258
- Tax %
- 23
- Net Profit
- 14,030
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 11%
- 5 Years:
- 15%
- 3 Years:
- 14%
- 1 Year:
- -3%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 484 | 111 | 150 | 106 | 489 | 382 | 1,216 | 33 | 0 | 0 | |
| Trade Payables | 8,367 | 10,497 | 9,633 | 7,494 | 10,162 | 9,761 | 11,780 | 14,582 | 16,921 | 22,131 |
| 5,969 | 7,005 | 7,008 | 6,515 | 8,144 | 8,963 | 9,459 | 11,575 | 50,087 | 55,997 | |
| 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 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 484 | 111 | 150 | 106 | 489 | 382 | 1,216 | 33 | 0 | 0 |
| Net Working Capital | -4,450 | -7,521 | -1,789 | -2,867 | 1,880 | -232 | -8,499 | -5,166 | -1,090 | 2,434 |
| Contingent Liabilities | 9,168 | 6,693 | 8,162 | 9,903 | 11,644 | 16,513 | 16,896 | 17,756 | 18,471 | 17,920 |
| Book Value per Share | 1206.33 | 1382.69 | 1527.86 | 1603.87 | 1700.89 | 1790.93 | 1999.40 | 2671.18 | 3003.41 | 3343.19 |
| 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 | 111 | 150 | 106 | 489 | 382 | 1,216 | 33 | 0 | 0 |
| Net Working Capital | -4,450 | -7,521 | -1,789 | -2,867 | 1,880 | -232 | -8,499 | -5,166 | -1,090 | 2,434 |
| Contingent Liabilities | 9,168 | 6,693 | 8,162 | 9,903 | 11,644 | 16,513 | 16,896 | 17,756 | 18,471 | 17,920 |
| Book Value per Share | 1206.33 | 1382.69 | 1527.86 | 1603.87 | 1700.89 | 1790.93 | 1999.40 | 2671.18 | 3003.41 | 3343.19 |
| 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
- 36,280
- 484
- Trade Payables
- 8,367
- 5,969
- Total Liabilities
- 51,251
- 13,293
- Capital Work in Progress
- 1,252
- 28,481
- 3,262
- 0
- Cash & Bank
- 14
- 4,949
- Total Assets
- 51,251
- Total Debt
- 484
- Net Working Capital
- -4,450
- Contingent Liabilities
- 9,168
- Book Value per Share
- 1206.33
- Face Value
- 5.00
- Total Debt
- 484
- Net Working Capital
- -4,450
- Contingent Liabilities
- 9,168
- Book Value per Share
- 1206.33
- Face Value
- 5.00
- Equity Capital
- 151
- 41,606
- 111
- Trade Payables
- 10,497
- 7,005
- Total Liabilities
- 59,370
- 13,359
- Capital Work in Progress
- 2,126
- 35,290
- 3,161
- 0
- Cash & Bank
- 71
- 5,363
- Total Assets
- 59,370
- Total Debt
- 111
- Net Working Capital
- -7,521
- Contingent Liabilities
- 6,693
- Book Value per Share
- 1382.69
- Face Value
- 5.00
- Total Debt
- 111
- Net Working Capital
- -7,521
- Contingent Liabilities
- 6,693
- Book Value per Share
- 1382.69
- Face Value
- 5.00
- Equity Capital
- 151
- 45,990
- 150
- Trade Payables
- 9,633
- 7,008
- Total Liabilities
- 62,932
- 15,408
- Capital Work in Progress
- 1,600
- 36,515
- 3,326
- 0
- Cash & Bank
- 179
- 5,904
- Total Assets
- 62,932
- Total Debt
- 150
- Net Working Capital
- -1,789
- Contingent Liabilities
- 8,162
- Book Value per Share
- 1527.86
- Face Value
- 5.00
- Total Debt
- 150
- Net Working Capital
- -1,789
- Contingent Liabilities
- 8,162
- Book Value per Share
- 1527.86
- Face Value
- 5.00
- Equity Capital
- 151
- 48,286
- 106
- Trade Payables
- 7,494
- 6,515
- Total Liabilities
- 62,552
- 15,710
- Capital Work in Progress
- 1,337
- 36,468
- 3,215
- 0
- Cash & Bank
- 21
- 5,801
- Total Assets
- 62,552
- Total Debt
- 106
- Net Working Capital
- -2,867
- Contingent Liabilities
- 9,903
- Book Value per Share
- 1603.87
- Face Value
- 5.00
- Total Debt
- 106
- Net Working Capital
- -2,867
- Contingent Liabilities
- 9,903
- Book Value per Share
- 1603.87
- Face Value
- 5.00
- Equity Capital
- 151
- 51,216
- 489
- Trade Payables
- 10,162
- 8,144
- Total Liabilities
- 70,161
- 14,957
- Capital Work in Progress
- 1,192
- 41,787
- 3,050
- 0
- Cash & Bank
- 3,036
- 6,138
- Total Assets
- 70,161
- Total Debt
- 489
- Net Working Capital
- 1,880
- Contingent Liabilities
- 11,644
- Book Value per Share
- 1700.89
- Face Value
- 5.00
- Total Debt
- 489
- Net Working Capital
- 1,880
- Contingent Liabilities
- 11,644
- Book Value per Share
- 1700.89
- Face Value
- 5.00
- Equity Capital
- 151
- 53,935
- 382
- Trade Payables
- 9,761
- 8,963
- Total Liabilities
- 73,192
- 13,717
- Capital Work in Progress
- 2,639
- 40,763
- 3,533
- 0
- Cash & Bank
- 3,036
- 9,503
- Total Assets
- 73,192
- Total Debt
- 382
- Net Working Capital
- -232
- Contingent Liabilities
- 16,513
- Book Value per Share
- 1790.93
- Face Value
- 5.00
- Total Debt
- 382
- Net Working Capital
- -232
- Contingent Liabilities
- 16,513
- Book Value per Share
- 1790.93
- Face Value
- 5.00
- Equity Capital
- 151
- 60,231
- 1,216
- Trade Payables
- 11,780
- 9,459
- Total Liabilities
- 82,838
- 17,805
- Capital Work in Progress
- 2,808
- 47,756
- 4,284
- 0
- Cash & Bank
- 38
- 10,147
- Total Assets
- 82,838
- Total Debt
- 1,216
- Net Working Capital
- -8,499
- Contingent Liabilities
- 16,896
- Book Value per Share
- 1999.40
- Face Value
- 5.00
- Total Debt
- 1,216
- Net Working Capital
- -8,499
- Contingent Liabilities
- 16,896
- Book Value per Share
- 1999.40
- Face Value
- 5.00
- Equity Capital
- 157
- 83,825
- 33
- Trade Payables
- 14,582
- 11,575
- Total Liabilities
- 1,10,172
- 18,495
- Capital Work in Progress
- 6,303
- 68,514
- 4,120
- 4,601
- Cash & Bank
- 460
- 7,679
- Total Assets
- 1,10,172
- Total Debt
- 33
- Net Working Capital
- -5,166
- Contingent Liabilities
- 17,756
- Book Value per Share
- 2671.18
- Face Value
- 5.00
- Total Debt
- 33
- Net Working Capital
- -5,166
- Contingent Liabilities
- 17,756
- Book Value per Share
- 2671.18
- Face Value
- 5.00
- Equity Capital
- 157
- 94,270
- 0
- Trade Payables
- 16,921
- 50,087
- Total Liabilities
- 1,61,435
- 32,971
- Capital Work in Progress
- 7,527
- 64,442
- 6,909
- 6,535
- Cash & Bank
- 549
- 42,502
- Total Assets
- 1,61,435
- Total Debt
- 0
- Net Working Capital
- -1,090
- Contingent Liabilities
- 18,471
- Book Value per Share
- 3003.41
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- -1,090
- Contingent Liabilities
- 18,471
- Book Value per Share
- 3003.41
- Face Value
- 5.00
- Equity Capital
- 157
- 1,04,953
- 0
- Trade Payables
- 22,131
- 55,997
- Total Liabilities
- 1,83,238
- 34,512
- Capital Work in Progress
- 9,406
- 74,766
- 11,315
- 5,336
- Cash & Bank
- 1,576
- 46,327
- Total Assets
- 1,83,238
- Total Debt
- 0
- Net Working Capital
- 2,434
- Contingent Liabilities
- 17,920
- Book Value per Share
- 3343.19
- Face Value
- 5.00
- Total Debt
- 0
- Net Working Capital
- 2,434
- Contingent Liabilities
- 17,920
- Book Value per Share
- 3343.19
- Face Value
- 5.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10,279 | 11,785 | 6,593 | 3,405 | 8,839 | 1,791 | 9,228 | 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 | |
| Free Cash Flow | 6,696 | 8,147 | 2,214 | 271 | 7,236 | -687 | 2,487 | 8,323 | -13,697 | 10,035 |
| OCF / Net Profit | 1.40 | 1.53 | 0.88 | 0.60 | 2.09 | 0.48 | 1.15 | 1.15 | 1.13 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 24,564 | 17,181 | 11,520 | 17,630 | 3,662 | 6,461 |
| OCF / Net Profit | 1.40 | 1.53 | 0.88 | 0.60 | 2.09 | 0.48 | 1.15 | 1.15 | 1.13 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 24,564 | 17,181 | 11,520 | 17,630 | 3,662 | 6,461 |
- 10,279
- Cash from Investing
- -9,178
- Cash from Financing
- -1,129
- -28
- Free Cash Flow
- 6,696
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 0
- 11,785
- Cash from Investing
- -8,282
- Cash from Financing
- -3,446
- 57
- Free Cash Flow
- 8,147
- OCF / Net Profit
- 1.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.53
- Cumulative 5-Year FCF
- 0
- 6,593
- Cash from Investing
- -3,538
- Cash from Financing
- -2,948
- 107
- Free Cash Flow
- 2,214
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- 3,405
- Cash from Investing
- -464
- Cash from Financing
- -3,100
- -159
- Free Cash Flow
- 271
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 0
- 8,839
- Cash from Investing
- -7,284
- Cash from Financing
- -1,541
- 14
- Free Cash Flow
- 7,236
- OCF / Net Profit
- 2.09
- Cumulative 5-Year FCF
- 24,564
- OCF / Net Profit
- 2.09
- Cumulative 5-Year FCF
- 24,564
- 1,791
- Cash from Investing
- -189
- Cash from Financing
- -1,602
- -0
- Free Cash Flow
- -687
- OCF / Net Profit
- 0.48
- Cumulative 5-Year FCF
- 17,181
- OCF / Net Profit
- 0.48
- Cumulative 5-Year FCF
- 17,181
- 9,228
- Cash from Investing
- -8,018
- Cash from Financing
- -1,208
- 1
- Free Cash Flow
- 2,487
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 11,520
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 11,520
- 15,167
- Cash from Investing
- -10,683
- Cash from Financing
- -4,062
- 422
- Free Cash Flow
- 8,323
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 17,630
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 17,630
- 16,131
- Cash from Investing
- -14,452
- Cash from Financing
- -4,155
- -2,476
- Free Cash Flow
- -13,697
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 3,662
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 3,662
- 19,063
- Cash from Investing
- -14,696
- Cash from Financing
- -4,484
- -117
- Free Cash Flow
- 10,035
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 6,461
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 6,461
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 243.38 | 255.69 | 248.36 | 187.11 | 140.06 | 124.71 | 266.53 | 420.15 | 454.76 | 459.46 |
| Book Value (₹) | 1206.33 | 1382.69 | 1527.86 | 1603.87 | 1700.89 | 1790.93 | 1999.40 | 2671.18 | 3003.41 | 3343.19 |
| 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 (₹) | 329.55 | 347.01 | 348.33 | 303.85 | 240.44 | 216.98 | 360.02 | 516.28 | 633.10 | 673.85 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.37% | 16.50% | 15.04% | 13.37% | 11.23% | 8.19% | 10.82% | 11.22% | 12.63% | 11.31% |
| Net Margin % | 9.51% | 9.03% | 8.32% | 7.05% | 5.73% | 4.12% | 6.62% | 9.04% | 8.96% | 7.61% |
| ROE % | 22.17% | 19.75% | 17.07% | 11.95% | 8.48% | 7.14% | 14.06% | 18.30% | 16.03% | 14.48% |
| ROCE % | 29.99% | 28.81% | 23.91% | 15.18% | 10.48% | 8.86% | 17.83% | 23.67% | 21.98% | 19.15% |
| 15.77% | 13.96% | 12.27% | 9.01% | 6.37% | 5.25% | 10.32% | 13.69% | 10.53% | 8.38% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 6 | 6 | 8 | 10 | 8 | 7 | 8 | 10 | 13 | 11 |
| Inventory Days | 15 | 14 | 13 | 15 | 15 | 13 | 12 | 10 | 13 | 18 |
| Payable Days | 62 | 63 | 62 | 59 | 63 | 55 | 46 | 48 | 53 | 54 |
| -41 | -43 | -41 | -34 | -40 | -35 | -26 | -27 | -28 | -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) | 112.41x | 32.83x | 139.07x | 54.16x | 52.18x | 37.40x | 55.44x | 89.20x | 100.96x | 80.02x |
| 0.66x | 0.51x | 0.87x | 0.75x | 1.12x | 0.99x | 0.58x | 0.77x | 0.98x | 1.04x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 18.24% | 17.24% | 7.85% | -12.10% | -6.98% | 25.54% | 33.10% | 19.92% | 8.47% | 19.89% |
| Operating Profit Growth % | 22.29% | 11.50% | -3.88% | -20.92% | -22.68% | -9.61% | 75.71% | 53.81% | 24.48% | 2.49% |
| Net Profit Growth % | 37.02% | 5.06% | -2.86% | -24.66% | -25.15% | -10.96% | 113.72% | 64.11% | 8.24% | 1.03% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 57.64% | 8.24% | 1.03% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 30.02x | 25.34x | 26.77x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.72x | 3.84x | 3.68x |
| 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 | 19.56x | 14.34x | 14.90x |
- EPS (₹)
- 243.38
- Book Value (₹)
- 1206.33
- Dividend per Share (₹)
- 75.00
- Cash EPS (₹)
- 329.55
- Operating Margin %
- 16.37%
- Net Margin %
- 9.51%
- ROE %
- 22.17%
- ROCE %
- 29.99%
- 15.77%
- Debtor Days
- 6
- Inventory Days
- 15
- Payable Days
- 62
- -41
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 112.41x
- 0.66x
- Revenue Growth %
- 18.24%
- Operating Profit Growth %
- 22.29%
- Net Profit Growth %
- 37.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 255.69
- Book Value (₹)
- 1382.69
- Dividend per Share (₹)
- 80.00
- Cash EPS (₹)
- 347.01
- Operating Margin %
- 16.50%
- Net Margin %
- 9.03%
- ROE %
- 19.75%
- ROCE %
- 28.81%
- 13.96%
- Debtor Days
- 6
- Inventory Days
- 14
- Payable Days
- 63
- -43
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 32.83x
- 0.51x
- Revenue Growth %
- 17.24%
- Operating Profit Growth %
- 11.50%
- Net Profit Growth %
- 5.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 248.36
- Book Value (₹)
- 1527.86
- Dividend per Share (₹)
- 80.00
- Cash EPS (₹)
- 348.33
- Operating Margin %
- 15.04%
- Net Margin %
- 8.32%
- ROE %
- 17.07%
- ROCE %
- 23.91%
- 12.27%
- Debtor Days
- 8
- Inventory Days
- 13
- Payable Days
- 62
- -41
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 139.07x
- 0.87x
- Revenue Growth %
- 7.85%
- Operating Profit Growth %
- -3.88%
- Net Profit Growth %
- -2.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 187.11
- Book Value (₹)
- 1603.87
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 303.85
- Operating Margin %
- 13.37%
- Net Margin %
- 7.05%
- ROE %
- 11.95%
- ROCE %
- 15.18%
- 9.01%
- Debtor Days
- 10
- Inventory Days
- 15
- Payable Days
- 59
- -34
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 54.16x
- 0.75x
- Revenue Growth %
- -12.10%
- Operating Profit Growth %
- -20.92%
- Net Profit Growth %
- -24.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 140.06
- Book Value (₹)
- 1700.89
- Dividend per Share (₹)
- 45.00
- Cash EPS (₹)
- 240.44
- Operating Margin %
- 11.23%
- Net Margin %
- 5.73%
- ROE %
- 8.48%
- ROCE %
- 10.48%
- 6.37%
- Debtor Days
- 8
- Inventory Days
- 15
- Payable Days
- 63
- -40
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 52.18x
- 1.12x
- Revenue Growth %
- -6.98%
- Operating Profit Growth %
- -22.68%
- Net Profit Growth %
- -25.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 124.71
- Book Value (₹)
- 1790.93
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 216.98
- Operating Margin %
- 8.19%
- Net Margin %
- 4.12%
- ROE %
- 7.14%
- ROCE %
- 8.86%
- 5.25%
- Debtor Days
- 7
- Inventory Days
- 13
- Payable Days
- 55
- -35
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 37.40x
- 0.99x
- Revenue Growth %
- 25.54%
- Operating Profit Growth %
- -9.61%
- Net Profit Growth %
- -10.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 266.53
- Book Value (₹)
- 1999.40
- Dividend per Share (₹)
- 90.00
- Cash EPS (₹)
- 360.02
- Operating Margin %
- 10.82%
- Net Margin %
- 6.62%
- ROE %
- 14.06%
- ROCE %
- 17.83%
- 10.32%
- Debtor Days
- 8
- Inventory Days
- 12
- Payable Days
- 46
- -26
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 55.44x
- 0.58x
- Revenue Growth %
- 33.10%
- Operating Profit Growth %
- 75.71%
- Net Profit Growth %
- 113.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 420.15
- Book Value (₹)
- 2671.18
- Dividend per Share (₹)
- 125.00
- Cash EPS (₹)
- 516.28
- Operating Margin %
- 11.22%
- Net Margin %
- 9.04%
- ROE %
- 18.30%
- ROCE %
- 23.67%
- 13.69%
- Debtor Days
- 10
- Inventory Days
- 10
- Payable Days
- 48
- -27
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 89.20x
- 0.77x
- Revenue Growth %
- 19.92%
- Operating Profit Growth %
- 53.81%
- Net Profit Growth %
- 64.11%
- 57.64%
- P/E (x)
- 30.02x
- P/B (x)
- 4.72x
- Dividend Yield %
- 0.99%
- 19.56x
- EPS (₹)
- 454.76
- Book Value (₹)
- 3003.41
- Dividend per Share (₹)
- 135.00
- Cash EPS (₹)
- 633.10
- Operating Margin %
- 12.63%
- Net Margin %
- 8.96%
- ROE %
- 16.03%
- ROCE %
- 21.98%
- 10.53%
- Debtor Days
- 13
- Inventory Days
- 13
- Payable Days
- 53
- -28
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 100.96x
- 0.98x
- Revenue Growth %
- 8.47%
- Operating Profit Growth %
- 24.48%
- Net Profit Growth %
- 8.24%
- 8.24%
- P/E (x)
- 25.34x
- P/B (x)
- 3.84x
- Dividend Yield %
- 1.17%
- 14.34x
- EPS (₹)
- 459.46
- Book Value (₹)
- 3343.19
- Dividend per Share (₹)
- 140.00
- Cash EPS (₹)
- 673.85
- Operating Margin %
- 11.31%
- Net Margin %
- 7.61%
- ROE %
- 14.48%
- ROCE %
- 19.15%
- 8.38%
- Debtor Days
- 11
- Inventory Days
- 18
- Payable Days
- 54
- -25
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 80.02x
- 1.04x
- Revenue Growth %
- 19.89%
- Operating Profit Growth %
- 2.49%
- Net Profit Growth %
- 1.03%
- 1.03%
- P/E (x)
- 26.77x
- P/B (x)
- 3.68x
- Dividend Yield %
- 1.14%
- 14.90x
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

