Maruti Suzuki India Ltd

Maruti Suzuki India Ltd

₹ 12,995 0.33%
16 May - close price
About

The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor
Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake.
The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts.

Key Points

Market share of major car manufacturers (%)[1]
Maruti Suzuki - 45.0
Hyundai - 15
Tata - 13
Mahindra - 10
Kia - 7
Others: 13%

  • Market Cap 4,08,566 Cr.
  • Current Price 12,995
  • High / Low 13,680 / 10,725
  • Stock P/E 29.3
  • Book Value 2,991
  • Dividend Yield 0.96 %
  • ROCE 21.7 %
  • ROE 15.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 34.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.3%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
26,740 26,500 29,931 29,044 32,048 32,327 37,062 33,309 38,235 35,531 37,203 38,492 40,674
24,313 24,588 27,162 26,211 28,698 29,344 32,278 29,401 33,550 31,029 32,786 34,022 36,409
Operating Profit 2,427 1,912 2,769 2,833 3,350 2,983 4,784 3,908 4,685 4,502 4,417 4,470 4,265
OPM % 9% 7% 9% 10% 10% 9% 13% 12% 12% 13% 12% 12% 10%
474 88 612 861 743 1,001 844 933 1,118 975 1,475 985 1,447
Interest 56 27 30 30 99 46 35 35 76 57 40 48 47
Depreciation 647 651 723 710 739 748 794 752 729 731 751 805 872
Profit before tax 2,198 1,322 2,628 2,954 3,255 3,190 4,799 4,054 4,998 4,689 5,100 4,602 4,792
Tax % 16% 23% 22% 20% 19% 22% 23% 23% 22% 22% 40% 23% 23%
1,839 1,013 2,062 2,351 2,624 2,485 3,716 3,130 3,878 3,650 3,069 3,525 3,711
EPS in Rs 60.87 33.53 68.24 77.84 86.85 82.27 123.03 99.55 123.34 116.09 97.62 112.12 118.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
43,792 49,971 57,538 68,035 79,763 86,020 75,611 70,332 88,296 117,523 140,933 151,900
38,590 43,209 48,518 57,620 67,647 74,968 68,266 64,928 82,549 106,504 124,483 134,115
Operating Profit 5,202 6,761 9,020 10,415 12,116 11,052 7,345 5,404 5,747 11,019 16,449 17,785
OPM % 12% 14% 16% 15% 15% 13% 10% 8% 7% 9% 12% 12%
717 783 1,326 2,237 1,991 2,508 3,378 2,887 1,748 2,150 3,807 4,750
Interest 176 206 82 89 346 76 133 101 126 187 193 193
Depreciation 2,084 2,470 2,820 2,602 2,758 3,019 3,526 3,032 2,786 2,823 3,022 3,159
Profit before tax 3,658 4,868 7,444 9,960 11,003 10,466 7,065 5,159 4,582 10,159 17,040 19,183
Tax % 24% 24% 28% 26% 30% 28% 20% 18% 18% 21% 22% 27%
2,783 3,711 5,364 7,350 7,722 7,501 5,651 4,230 3,766 8,049 13,209 13,955
EPS in Rs 92.13 122.85 177.58 243.32 255.62 248.30 187.06 140.02 124.68 266.46 420.14 443.86
Dividend Payout % 13% 20% 20% 31% 31% 32% 32% 32% 48% 34% 30% 30%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 20%
TTM: 8%
Compounded Profit Growth
10 Years: 16%
5 Years: 34%
3 Years: 72%
TTM: 34%
Stock Price CAGR
10 Years: 13%
5 Years: 22%
3 Years: 20%
1 Year: 3%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 14%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 151 151 151 151 151 151 151 151 151 151 157 157
Reserves 20,827 23,553 29,733 36,280 41,606 45,990 48,286 51,216 53,935 60,231 83,825 93,890
1,824 516 231 484 111 150 171 531 419 1,247 119 76
7,798 9,330 11,825 14,336 17,502 16,641 13,944 18,263 18,889 21,549 26,184 31,497
Total Liabilities 30,600 33,549 41,940 51,251 59,370 62,932 62,552 70,161 73,394 83,179 110,285 125,620
10,790 12,259 12,510 13,293 13,359 15,408 15,710 14,957 13,717 17,805 18,495 25,109
CWIP 2,621 1,883 1,007 1,252 2,126 1,600 1,408 1,490 2,929 2,897 6,534 5,358
Investments 10,118 12,814 19,932 28,481 35,290 36,515 36,468 41,787 40,763 47,756 68,514 74,506
7,070 6,593 8,491 8,225 8,595 9,409 8,966 11,927 15,984 14,720 16,742 20,648
Total Assets 30,600 33,549 41,940 51,251 59,370 62,932 62,552 70,161 73,394 83,179 110,285 125,620

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,904 6,321 8,484 10,279 11,785 6,593 3,405 8,839 1,791 9,228 15,167 14,012
-4,893 -4,410 -7,227 -9,178 -8,282 -3,538 -464 -7,284 -189 -8,018 -10,683 -10,242
-66 -1,962 -1,236 -1,129 -3,446 -2,948 -3,100 -1,541 -1,602 -1,208 -4,062 -4,149
Net Cash Flow -55 -51 21 -28 57 107 -159 14 -0 1 422 -378

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 12 8 8 6 7 10 10 7 8 10 12 16
Inventory Days 20 28 30 25 21 20 22 22 20 18 15 17
Days Payable 57 56 70 65 70 59 51 73 54 50 53 59
Cash Conversion Cycle -25 -21 -32 -33 -42 -29 -20 -44 -26 -21 -26 -26
Working Capital Days -18 -26 -27 -33 -40 -29 -19 -47 -29 -23 -25 -9
ROCE % 16% 19% 23% 24% 24% 19% 9% 11% 6% 15% 19% 22%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.37% 56.37% 56.37% 56.48% 56.48% 56.48% 58.19% 58.19% 58.19% 58.19% 58.28% 58.28%
21.89% 21.84% 21.49% 21.11% 21.87% 21.85% 20.60% 19.64% 18.98% 17.68% 15.47% 14.96%
18.01% 18.10% 18.19% 18.57% 18.07% 18.15% 17.64% 18.86% 19.37% 20.75% 22.89% 23.56%
0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.07% 0.07% 0.07% 0.08%
3.73% 3.62% 3.89% 3.78% 3.51% 3.45% 3.50% 3.24% 3.41% 3.31% 3.28% 3.12%
No. of Shareholders 3,95,4413,92,5514,18,2884,15,1273,78,3233,68,6083,87,7673,64,3753,89,3143,82,5734,06,5703,78,893

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls