Maruti Suzuki India Ltd

Maruti Suzuki India Ltd is principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts. The other activities of the Company comprise facilitation of pre-owned car sales, fleet management and car financing.

Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 30.80%
Cons:
Earnings include an other income of Rs.3566.20 Cr.

Peer Comparison Sector: Automobile // Industry: Automobiles - Passenger Cars

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
22,471 22,444 19,681 21,473 19,733 16,998
19,120 19,011 17,726 19,209 17,683 15,388
Operating Profit 3,351 3,433 1,955 2,264 2,050 1,610
OPM % 15% 15% 10% 11% 10% 9%
Other Income 313 566 930 909 777 950
Interest 21 26 20 9 55 28
Depreciation 720 722 768 811 919 926
Profit before tax 2,922 3,251 2,097 2,354 1,853 1,605
Tax % 31% 30% 27% 22% 26% 13%
Net Profit 2,015 2,280 1,525 1,830 1,376 1,391
EPS in Rs 66.71 75.48 50.49 60.58 45.58 46.05
Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
18,060 20,662 29,592 37,156 36,090 44,304 44,542 50,801 57,589 68,085 79,809 86,068 77,884
15,813 19,305 26,080 33,475 33,565 39,977 39,247 43,957 48,700 57,727 67,746 75,065 70,005
Operating Profit 2,246 1,358 3,511 3,681 2,525 4,328 5,295 6,844 8,889 10,358 12,063 11,003 7,879
OPM % 12% 7% 12% 10% 7% 10% 12% 13% 15% 15% 15% 13% 10%
Other Income 936 1,115 1,034 514 844 830 739 865 1,600 2,462 2,209 2,717 3,566
Interest 62 54 37 29 62 198 184 218 82 89 346 76 112
Depreciation 573 716 841 1,031 1,162 1,890 2,116 2,515 2,822 2,604 2,760 3,021 3,424
Profit before tax 2,547 1,701 3,667 3,135 2,145 3,070 3,734 4,976 7,585 10,127 11,167 10,624 7,908
Tax % 31% 28% 31% 26% 24% 20% 24% 24% 28% 26% 29% 28%
Net Profit 1,790 1,227 2,625 2,382 1,681 2,469 2,853 3,807 5,497 7,510 7,880 7,649 6,121
EPS in Rs 61.08 41.88 89.82 81.22 56.96 80.40 92.43 120.98 182.03 248.67 260.93 253.28 202.70
Dividend Payout % 8% 8% 7% 9% 13% 10% 13% 20% 19% 30% 31% 32%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.34%
5 Years:14.08%
3 Years:14.33%
TTM:7.84%
Compounded Profit Growth
10 Years:18.64%
5 Years:18.84%
3 Years:8.77%
TTM:-8.85%
Stock Price CAGR
10 Years:16.61%
5 Years:16.83%
3 Years:12.18%
1 Year:-1.65%
Return on Equity
10 Years:15.26%
5 Years:15.64%
3 Years:15.56%
Last Year:13.32%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
144 144 144 144 144 151 151 151 151 151 151 151 151
Reserves 8,483 9,421 12,038 14,164 15,530 18,877 21,345 24,167 30,465 36,924 42,408 46,941 46,521
Borrowings 940 759 906 454 1,421 1,569 2,004 666 231 484 121 160 415
3,121 3,756 3,879 4,430 6,086 6,999 8,080 9,598 12,511 15,006 17,887 16,970 14,627
Total Liabilities 12,688 14,080 16,967 19,193 23,182 27,595 31,580 34,583 43,358 52,564 60,567 64,222 61,714
3,339 4,216 5,171 5,672 7,746 10,022 11,034 12,490 12,530 13,311 13,389 15,437 16,137
CWIP 775 867 392 879 943 1,966 2,640 1,890 1,007 1,252 2,132 1,607 1,366
Investments 5,265 3,277 7,397 5,439 6,545 7,421 10,527 13,298 20,676 29,151 36,123 37,504 34,254
3,309 5,720 4,007 7,203 7,949 8,186 7,380 6,906 9,145 8,851 8,923 9,674 9,956
Total Assets 12,688 14,080 16,967 19,193 23,182 27,595 31,580 34,583 43,358 52,564 60,567 64,222 61,714

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1,906 1,263 3,168 3,071 2,655 4,059 4,995 6,449 8,482 10,282 11,788 6,601
-3,082 853 -5,068 -10 -3,181 -3,119 -4,997 -4,491 -7,230 -9,173 -8,302 -3,540
129 -519 76 -691 610 -979 -74 -2,004 -1,237 -1,129 -3,436 -2,948
Net Cash Flow -1,047 1,597 -1,824 2,369 84 -39 -76 -45 16 -20 50 113

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 29% 16% 31% 22% 12% 15% 16% 19% 23% 24% 24% 19%
Debtor Days 14 17 10 9 10 13 12 8 8 6 7 10
Inventory Turnover 20.52 20.98 27.54 27.87 22.03 23.79 24.40 22.54 19.60 21.29 24.85 26.55