Maruti Suzuki India Ltd

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

Maruti Suzuki India Ltd

₹ 9,485 1.68%
02 Jun - close price
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

Market share of major car manufacturers (%)[1]
Maruti Suzuki - 47.4
Hyundai - 17
Tata - 7.5
Kia - 7.3
Mahindra - 6.4
Renault - 3.6
Honda - 3.5
Toyota - 3.0

Website BSE NSE
  • Market Cap ₹ 2,86,533 Cr.
  • Current Price ₹ 9,485
  • High / Low ₹ 9,769 / 7,555
  • Stock P/E 34.9
  • Book Value ₹ 2,046
  • Dividend Yield 0.95 %
  • ROCE 17.7 %
  • ROE 14.0 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 36.9%

Cons

  • Stock is trading at 4.64 times its book value
  • Company has a low return on equity of 10.1% over last 3 years.

* 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

Sector: Automobile Industry: Automobiles - Passenger Cars

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
18,208 4,111 18,756 23,471 24,034 17,776 20,551 23,253 26,749 26,512 29,942 29,058 32,060
16,660 4,997 16,819 21,244 22,040 16,958 19,694 21,691 24,320 24,597 27,172 26,220 28,708
Operating Profit 1,548 -886 1,936 2,228 1,995 819 857 1,562 2,429 1,915 2,771 2,837 3,352
OPM % 8% -22% 10% 9% 8% 5% 4% 7% 9% 7% 9% 10% 10%
923 1,318 650 1,054 163 544 532 355 514 112 662 897 791
Interest 29 18 23 29 33 22 23 25 56 28 31 30 99
Depreciation 824 784 766 742 742 744 757 641 648 652 723 711 740
Profit before tax 1,619 -370 1,797 2,510 1,384 596 610 1,252 2,239 1,347 2,679 2,994 3,304
Tax % 18% 27% 21% 20% 10% 20% 20% 17% 16% 23% 21% 20% 19%
Net Profit 1,322 -268 1,420 1,997 1,241 475 487 1,042 1,876 1,036 2,112 2,392 2,671
EPS in Rs 43.77 -8.84 46.99 66.10 41.09 15.72 16.12 34.49 62.10 34.30 69.93 79.17 88.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36,090 44,304 44,542 50,801 57,589 68,085 79,809 86,068 75,660 70,372 88,330 117,571
33,807 39,944 39,232 43,909 48,565 57,664 67,692 75,012 68,305 64,961 82,578 106,554
Operating Profit 2,283 4,361 5,310 6,892 9,024 10,421 12,118 11,056 7,355 5,411 5,752 11,018
OPM % 6% 10% 12% 14% 16% 15% 15% 13% 10% 8% 7% 9%
1,086 797 724 817 1,464 2,399 2,155 2,664 3,410 3,046 1,861 2,318
Interest 62 198 184 218 82 89 346 76 134 102 127 187
Depreciation 1,162 1,890 2,116 2,515 2,822 2,604 2,760 3,021 3,528 3,034 2,789 2,826
Profit before tax 2,145 3,070 3,734 4,976 7,585 10,127 11,167 10,624 7,103 5,321 4,697 10,323
Tax % 24% 20% 24% 24% 28% 26% 29% 28% 20% 18% 17% 20%
Net Profit 1,681 2,470 2,854 3,809 5,497 7,511 7,881 7,651 5,678 4,389 3,880 8,211
EPS in Rs 58.19 81.74 94.44 126.04 181.98 248.61 260.86 253.21 187.90 145.30 128.43 271.82
Dividend Payout % 13% 10% 13% 20% 19% 30% 31% 32% 32% 31% 47% 33%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 16%
TTM: 33%
Compounded Profit Growth
10 Years: 14%
5 Years: 5%
3 Years: 36%
TTM: 110%
Stock Price CAGR
10 Years: 20%
5 Years: 1%
3 Years: 19%
1 Year: 20%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 10%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
144 151 151 151 151 151 151 151 151 151 151 151
Reserves 15,530 18,877 21,345 24,167 30,465 36,924 42,408 46,941 49,262 52,350 55,182 61,640
1,421 1,569 2,004 666 231 484 121 160 184 541 426 1,247
6,004 6,920 7,975 9,492 11,879 14,402 17,568 16,717 14,031 18,335 18,896 21,558
Total Liabilities 23,099 27,517 31,476 34,477 42,726 51,960 60,248 63,969 63,628 71,376 74,656 84,597
7,746 10,022 11,034 12,490 12,530 13,311 13,389 15,437 15,744 14,989 13,747 17,919
CWIP 943 1,966 2,640 1,890 1,007 1,252 2,132 1,607 1,415 1,497 2,936 2,815
Investments 6,545 7,421 10,527 13,298 20,676 29,151 36,123 37,504 37,488 42,945 42,035 49,184
7,866 8,107 7,275 6,800 8,513 8,247 8,604 9,421 8,980 11,946 15,937 14,678
Total Assets 23,099 27,517 31,476 34,477 42,726 51,960 60,248 63,969 63,628 71,376 74,656 84,597

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,655 4,059 4,995 6,449 8,482 10,282 11,788 6,601 3,496 8,856 1,840 9,251
-3,181 -3,119 -4,997 -4,491 -7,230 -9,173 -8,302 -3,540 -557 -7,291 -239 -8,036
610 -979 -74 -2,004 -1,237 -1,129 -3,436 -2,948 -3,104 -1,545 -1,607 -1,213
Net Cash Flow 84 -39 -76 -45 16 -20 50 113 -165 20 -6 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10 13 12 8 8 6 7 10 10 7 8 10
Inventory Days 24 21 20 28 30 25 21 20 22 22 20 18
Days Payable 44 47 57 57 70 65 70 59 51 73 54 50
Cash Conversion Cycle -11 -14 -25 -20 -32 -33 -42 -29 -20 -44 -26 -22
Working Capital Days -16 -7 -18 -26 -27 -33 -40 -29 -19 -47 -29 -23
ROCE % 12% 15% 16% 19% 23% 24% 24% 19% 9% 11% 9% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
56.28 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.48
21.47 21.86 23.09 23.11 22.90 22.52 23.60 22.57 21.89 21.84 21.49 21.11
17.06 16.75 15.66 15.08 15.76 15.98 15.29 16.25 18.01 18.10 18.19 18.57
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.06 0.06
5.19 5.02 4.88 5.44 4.97 5.13 4.74 4.81 3.73 3.62 3.89 3.78

* 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.

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