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

₹ 11,386 -4.86%
01 Oct - close price
marutisuzuki.com BSE: 532500 NSE: MARUTI F&O
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 F&O
  • Market Cap ₹ 3,57,979 Cr.
  • Current Price ₹ 11,386
  • High / Low ₹ 17,372 / 11,304
  • Stock P/E 25.0
  • Book Value ₹ 3,408
  • Dividend Yield 1.23 %
  • ROCE 18.9 %
  • ROE 14.3 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 26.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.5%

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

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
32,535 37,339 33,513 38,471 35,779 37,449 38,764 40,920 38,605 42,344 49,904 52,462 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 48,156
Operating Profit 3,520 5,312 4,440 5,221 5,107 4,999 5,076 4,844 4,623 5,086 5,573 6,158 4,313
OPM % 11% 14% 13% 14% 14% 13% 13% 12% 12% 12% 11% 12% 8%
1,110 958 1,053 1,261 1,118 1,570 1,125 1,583 1,924 1,014 1,140 581 1,972
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
Profit before tax 3,269 4,892 4,156 5,108 4,836 5,141 4,726 4,918 4,944 4,339 4,917 4,918 4,441
Tax % 22% 23% 23% 23% 22% 40% 21% 20% 23% 23% 21% 26% 22%
2,543 3,786 3,207 3,952 3,760 3,102 3,727 3,911 3,792 3,349 3,879 3,659 3,447
EPS in Rs 84.18 125.34 102.00 125.71 119.58 98.68 118.54 124.40 120.62 106.52 123.38 116.38 109.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
50,801 57,589 68,085 79,809 86,068 75,660 70,372 88,330 118,410 141,858 152,913 183,316 197,181
43,909 48,565 57,664 67,692 75,012 68,305 64,961 82,578 105,288 123,232 132,689 161,786 176,050
Operating Profit 6,892 9,024 10,421 12,118 11,056 7,355 5,411 5,752 13,122 18,626 20,224 21,530 21,131
OPM % 14% 16% 15% 15% 13% 10% 8% 7% 11% 13% 13% 12% 11%
817 1,464 2,399 2,155 2,664 3,410 3,046 1,861 2,415 4,248 5,199 4,569 4,707
Interest 218 82 89 346 76 134 102 127 252 194 194 239 255
Depreciation 2,515 2,822 2,604 2,760 3,021 3,528 3,034 2,789 4,846 5,256 5,608 6,742 6,966
Profit before tax 4,976 7,585 10,127 11,167 10,624 7,103 5,321 4,697 10,438 17,424 19,620 19,118 18,616
Tax % 24% 28% 26% 29% 28% 20% 18% 17% 21% 23% 26% 23%
3,809 5,497 7,511 7,881 7,651 5,678 4,389 3,880 8,264 13,488 14,500 14,680 14,334
EPS in Rs 126.04 181.98 248.61 260.86 253.21 187.90 145.30 128.43 273.56 429.01 461.20 466.90 455.91
Dividend Payout % 20% 19% 30% 31% 32% 32% 31% 47% 34% 29% 29% 30%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 16%
TTM: 27%
Compounded Profit Growth
10 Years: 12%
5 Years: 27%
3 Years: 21%
TTM: -1%
Stock Price CAGR
10 Years: 7%
5 Years: 10%
3 Years: 4%
1 Year: -28%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 16%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 151 151 151 151 151 151 151 151 157 157 157 157
Reserves 24,167 30,465 36,924 42,408 46,941 49,262 52,350 55,182 74,443 85,479 96,083 106,999
666 231 484 121 160 184 541 426 1,248 119 87 102
9,492 11,879 14,402 17,568 16,717 14,031 18,335 18,896 24,258 29,550 34,689 41,622
Total Liabilities 34,477 42,726 51,960 60,248 63,969 63,628 71,376 74,656 100,106 115,304 131,016 148,880
12,490 12,530 13,311 13,389 15,437 15,744 14,989 13,747 27,941 27,865 32,983 34,523
CWIP 1,890 1,007 1,252 2,132 1,607 1,415 1,497 2,936 4,143 7,735 7,929 9,838
Investments 13,298 20,676 29,151 36,123 37,504 37,488 42,945 42,035 49,184 57,296 66,265 76,838
6,800 8,513 8,247 8,604 9,421 8,980 11,946 15,937 18,837 22,408 23,839 27,680
Total Assets 34,477 42,726 51,960 60,248 63,969 63,628 71,376 74,656 100,106 115,304 131,016 148,880

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6,449 8,482 10,282 11,788 6,601 3,496 8,856 1,840 10,815 16,801 16,180 19,100
-4,491 -7,230 -9,173 -8,302 -3,540 -557 -7,291 -239 -8,820 -11,865 -14,500 -14,734
-2,004 -1,237 -1,129 -3,436 -2,948 -3,104 -1,545 -1,607 -1,214 -4,062 -4,155 -4,484
Net Cash Flow -45 16 -20 50 113 -165 20 -6 780 874 -2,475 -118
Free Cash Flow 3,408 6,026 6,907 7,903 1,899 96 6,528 -1,483 2,858 7,646 5,601 8,754
CFO/OP 109% 115% 121% 122% 88% 67% 182% 52% 100% 110% 99% 109%

Ratios

Consolidated / View Standalone

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 23 19 23 31
Days Payable 57 70 65 70 59 51 73 54 58 62 57 61
Cash Conversion Cycle -20 -32 -33 -42 -29 -20 -44 -26 -25 -31 -18 -19
Working Capital Days -26 -27 -36 -40 -30 -20 -50 -30 -30 -26 -24 -29
ROCE % 19% 23% 24% 24% 19% 9% 11% 6% 16% 22% 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 ・Standalone data

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

Extracted by Screener AI

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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