Maruti Suzuki India Ltd

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Maruti Suzuki Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Maruti Suzuki India Ltd

₹ 13,855 -0.07%
17 Aug 9:28 a.m.
marutisuzuki.com BSE: 532500 NSE: MARUTI
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

Segment wise domestic sales 9M FY26[1]
Compact - 41.6%
Utility vehicles - 37.7%
Vans - 7.3%
Mini - 5.3%
Mid Size - 0.1%
LCV - 2%
Sales to other (OEM) - 6%

Website BSE NSE
  • Market Cap ₹ 4,35,605 Cr.
  • Current Price ₹ 13,855
  • High / Low ₹ 17,372 / 12,201
  • Stock P/E 31.0
  • Book Value ₹ 3,343
  • Dividend Yield 1.01 %
  • ROCE 19.0 %
  • ROE 14.3 %
  • Face Value ₹ 5.00
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Unsung hero
Pritilata Waddedar
At 21, she led an armed attack on a European club that barred Indians. Wounded and surrounded, she chose death rather than capture.
Unsung hero
Hemu Kalani
At 19, he tried to derail a train carrying British troops and weapons. Arrested during the attempt, he faced the gallows shouting Inquilab Zindabad and Bharat Mata Ki Jai.

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.0%

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.

Peer comparison

Consumer Discretionary Automobile and Auto Components Automobiles Passenger Cars & Utility Vehicles

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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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
32,327 37,062 33,309 38,235 35,531 37,203 38,752 40,910 38,593 42,332 49,892 52,449 52,456
29,344 32,278 29,401 33,550 31,029 32,786 33,688 36,067 33,972 37,248 44,320 46,292 48,145
Operating Profit 2,983 4,784 3,908 4,685 4,502 4,417 5,065 4,843 4,621 5,085 5,572 6,157 4,311
OPM % 9% 13% 12% 12% 13% 12% 13% 12% 12% 12% 11% 12% 8%
1,001 844 933 1,118 975 1,475 1,067 1,528 1,888 966 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 1,556 1,703 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 4,906 4,291 4,830 4,836 4,341
Tax % 22% 23% 23% 22% 22% 40% 21% 21% 23% 23% 21% 26% 23%
2,485 3,716 3,130 3,878 3,650 3,069 3,659 3,857 3,758 3,303 3,794 3,590 3,352
EPS in Rs 82.27 123.03 99.55 123.34 116.09 97.62 116.39 122.69 119.53 105.05 120.67 114.20 106.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
49,971 57,538 68,035 79,763 86,020 75,611 70,332 88,296 117,523 140,933 152,868 183,266 197,129
43,209 48,518 57,620 67,647 74,968 68,266 64,928 82,549 106,504 124,483 132,651 161,742 176,004
Operating Profit 6,761 9,020 10,415 12,116 11,052 7,345 5,404 5,747 11,019 16,449 20,217 21,524 21,124
OPM % 14% 16% 15% 15% 13% 10% 8% 7% 9% 12% 13% 12% 11%
783 1,326 2,237 1,991 2,508 3,378 2,887 1,748 2,150 3,807 4,997 4,318 4,394
Interest 206 82 89 346 76 133 101 126 187 193 194 239 255
Depreciation 2,470 2,820 2,602 2,758 3,019 3,526 3,032 2,786 2,823 3,022 5,607 6,740 6,965
Profit before tax 4,868 7,444 9,960 11,003 10,466 7,065 5,159 4,582 10,159 17,040 19,413 18,863 18,298
Tax % 24% 28% 26% 30% 28% 20% 18% 18% 21% 22% 26% 23%
3,711 5,364 7,350 7,722 7,501 5,651 4,230 3,766 8,049 13,209 14,298 14,445 14,039
EPS in Rs 122.85 177.58 243.32 255.62 248.30 187.06 140.02 124.68 266.46 420.14 454.75 459.46 446.54
Dividend Payout % 20% 20% 31% 31% 32% 32% 32% 48% 34% 30% 30% 30%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 16%
TTM: 27%
Compounded Profit Growth
10 Years: 12%
5 Years: 47%
3 Years: 29%
TTM: -2%
Stock Price CAGR
10 Years: 11%
5 Years: 15%
3 Years: 14%
1 Year: 7%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 15%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 151 151 151 151 151 151 151 151 151 157 157 157
Reserves 23,553 29,733 36,280 41,606 45,990 48,286 51,216 53,935 60,231 83,825 94,270 104,953
516 231 484 111 150 171 531 419 1,247 119 87 102
9,330 11,825 14,336 17,502 16,641 13,944 18,170 18,889 21,549 26,184 34,618 41,530
Total Liabilities 33,549 41,940 51,251 59,370 62,932 62,552 70,067 73,394 83,179 110,285 129,133 146,742
12,259 12,510 13,293 13,359 15,408 15,781 14,957 13,717 17,805 18,495 32,971 34,512
CWIP 1,883 1,007 1,252 2,126 1,600 1,337 1,490 2,929 2,897 6,534 7,929 9,838
Investments 12,814 19,932 28,481 35,290 36,515 36,468 41,787 40,763 47,756 68,514 64,442 74,766
6,593 8,491 8,225 8,595 9,409 8,966 11,834 15,984 14,720 16,742 23,790 27,627
Total Assets 33,549 41,940 51,251 59,370 62,932 62,552 70,067 73,394 83,179 110,285 129,133 146,742

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6,321 8,484 10,279 11,785 6,593 3,405 8,839 1,791 9,228 15,167 16,131 19,063
-4,410 -7,227 -9,178 -8,282 -3,538 -464 -7,284 -189 -8,018 -10,683 -14,452 -14,696
-1,962 -1,236 -1,129 -3,446 -2,948 -3,100 -1,541 -1,602 -1,208 -4,062 -4,155 -4,484
Net Cash Flow -51 21 -28 57 107 -159 14 -0 1 422 -2,476 -117
Free Cash Flow 3,172 6,030 6,907 7,920 1,893 6 6,511 -1,532 2,981 8,203 5,552 8,719
CFO/OP 109% 115% 121% 122% 88% 66% 182% 52% 104% 114% 99% 109%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 8 8 6 7 10 10 7 8 10 12 16 11
Inventory Days 28 30 25 21 20 22 22 20 18 15 23 31
Days Payable 56 70 65 70 59 51 73 54 50 53 57 61
Cash Conversion Cycle -21 -32 -33 -42 -29 -19 -44 -26 -21 -26 -18 -19
Working Capital Days -27 -27 -36 -40 -30 -20 -47 -30 -27 -25 -24 -29
ROCE % 19% 23% 24% 24% 19% 9% 5% 6% 15% 19% 22% 19%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Sales Volume
vehicles

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Domestic PV Market Share
%
Service Touchpoints
count
Export Market Share (Share of India PV Exports)
%
Installed Production Capacity
vehicles per annum
CNG Vehicle Sales
vehicles
UV Share of MSIL Domestic Sales
%

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.48% 58.19% 58.19% 58.19% 58.19% 58.28% 58.28% 58.28% 58.28% 58.28% 58.53% 58.65%
21.85% 20.60% 19.64% 18.98% 17.68% 15.47% 14.96% 15.20% 15.78% 15.76% 14.12% 12.82%
18.15% 17.64% 18.86% 19.37% 20.75% 22.89% 23.56% 23.25% 22.55% 22.84% 24.09% 25.09%
0.06% 0.06% 0.06% 0.07% 0.07% 0.07% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
3.45% 3.50% 3.24% 3.41% 3.31% 3.28% 3.12% 3.18% 3.30% 3.04% 3.18% 3.35%
No. of Shareholders 3,68,6083,87,7673,64,3753,89,3143,82,5734,06,5703,78,8933,67,6083,69,2053,66,1534,00,8604,11,238

* 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.

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