Maruti Suzuki India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Efficient capital deployment (ROCE 19%)
- ✓Attractively valued vs sector (P/E 29.6x vs industry 43.6x)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| M&M Mahindra & Mahindra Limited | ₹3,173 | ₹4.0L Cr | 22.9 | 4.24 | 20.3 | 15.1 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹11,019 | ₹2.9L Cr | 26.6 | 7.93 | 29.2 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,622 | ₹2.1L Cr | 37.4 | 8.33 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹3,917 | ₹1.7L Cr | 56.6 | 19.49 | 33.6 | 17.4 | 3.89 |
| HYUNDAI Hyundai Motor India Limited | ₹1,949 | ₹1.6L Cr | 29.8 | 7.92 | 29.9 | 38.4 | 0.05 |
| MOTHERSON Samvardhana Motherson International Limited | ₹144 | ₹1.5L Cr | 35.7 | 3.7 | 11.2 | 13.4 | 0.53 |
| TMPV Tata Motors Passenger Vehicles Limited | ₹328 | ₹1.2L Cr | 1.43 | 1.08 | 75.7 | 2.73 | 0.61 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MARUTI · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 58.19% | 58.19% | 58.19% | 58.19% | 58.28% | 58.28% |
| FII | 20.60% | 19.64% | 18.98% | 17.68% | 15.47% | 14.96% |
| DII | 17.64% | 18.86% | 19.37% | 20.75% | 22.89% | 23.56% |
| Public | 3.50% | 3.24% | 3.41% | 3.31% | 3.28% | 3.12% |
| Govt | 0.06% | 0.06% | 0.07% | 0.07% | 0.07% | 0.08% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 140 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 135 Per Share
Dividend - Rs 125 Per Share
Dividend - Rs 90 Per Share
Latest News
All news →208 NSE firms, including HUL and Maruti, to report Q4 earnings next week
*208 NSE firms, including HUL and Maruti, to report Q4 earnings next week* – Key results due between April 27 and May 2 may drive market volatility. Investors will focus on **profit margins**, **revenue growth**, and forward guidance amid inflation concerns. Heavyweight names like Maruti, HUL, Coal India, and Vedanta are in the spotlight. 📊 *STOCKS:* MARUTI, HINDUNILVR, COALINDIA, VEDL | 🏢 *SECTOR:* Earnings | #HIGHIMPACT #Earnings
Maruti Suzuki plans ₹14,000 crore capex to boost output
*Maruti Suzuki plans ₹14,000 crore capex to boost output.* The company is addressing a capacity crunch by significantly expanding manufacturing capabilities. This **₹14,000 crore** investment aims to increase production volume and meet rising demand. The move signals strong long-term growth intentions in India's passenger vehicle segment. 📊 *STOCKS:* MARUTI | 🏢 *SECTOR:* Auto | #HIGHIMPACT #capex
Maruti Suzuki hits record 23.4L units, plans 40L capacity expansion
*Maruti Suzuki hits record 23.4L units, plans 40L capacity expansion.* India's largest automaker achieved **23.4 lakh units** production, marking a new company record. The firm has announced plans for **40 lakh capacity expansion**, signaling aggressive growth strategy. This move could significantly boost volumes and shareholder returns in coming years. 📊 *STOCKS:* $MARUTI | 🏢 *SECTOR:* Auto | #HIGHIMPACT #capacity-expansion #production-record
208 firms including Coal India, Maruti set Q4 results
*208 listed firms to announce Q4 FY25 results between April 27-May 2.* Major announcements from **Coal India, Maruti Suzuki, Vedanta, and HUL** expected next week. This earnings calendar will drive significant market volatility with individual stock reactions dependent on beat/miss performance. Options traders should monitor IV expansion ahead of key results. 📊 *STOCKS:* COALINDIA | MARUTI | VEDANTA | HCLTECH | 🏢 *SECTOR:* MultiSector | #HIGHIMPACT #EarningsCalendar
Maruti Suzuki reports June 2026 sales numbers
*Maruti Suzuki reports June 2026 sales numbers* with domestic sales at **145,347 units**, up **12.4%** YoY. Export numbers stood at **7,892 units**, a sharp **43% decline** due to supply constraints. Overall performance reflects strong retail demand but weaker overseas dispatches. 📊 *STOCKS:* MARUTI | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Sales
Maruti Suzuki publishes statutory newspaper notice
*Maruti Suzuki publishes statutory newspaper notice* indicates a routine regulatory disclosure. Such filings are typically part of compliance and do not signal operational changes. No financial or strategic implications are evident from this notice. \n\n📊 *STOCKS:* MARUTI | 🏢 *SECTOR:* Auto | #LOWIMPACT #statutory
Maruti, Tata, M&M drive PV growth amid global headwinds
*Maruti, Tata, M&M drive PV growth amid global headwinds.* Domestic demand remains robust as **Maruti**, **Tata Motors**, and **M&M** lead passenger vehicle sales growth despite geopolitical tensions affecting global supply chains. Strong retail uptake of SUVs and compact vehicles fuels expansion. 📊 *STOCKS:* MARUTI | TATAMOTORS | M&M | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Auto
Jefferies upgrades Maruti Suzuki to 'Buy'
*Jefferies upgrades Maruti Suzuki to 'Buy'* with a target price of **₹11,500**, citing strong volume growth and market share gains. The stock rose **2%**, emerging as the top gainer on the Nifty. Improved margin outlook and new model launches are seen as key drivers. Analysts expect sustained demand in the coming quarters. 📊 *STOCKS:* MARUTI | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #BrokerUpgrade
Jefferies upgrades Maruti Suzuki to 'Buy' with new target price
*Jefferies upgrades Maruti Suzuki to 'Buy' with a target price of **₹12,000**.* The stock surged **4%** intraday, making it the top gainer on the Nifty. The move reflects improved sentiment on strong sales volume and margin outlook. 📊 *STOCKS:* MARUTI | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #BrokerUpgrade
Maruti Suzuki publishes mandatory newspaper notice
*Maruti Suzuki publishes mandatory newspaper notice.* This is a routine regulatory disclosure with no new business developments. Such publications are required under corporate filing norms. No financial or operational impact is expected. 📊 *STOCKS:* MARUTI | 🏢 *SECTOR:* Auto | #LOWIMPACT #Corporate
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹49.9K Cr ▲17.9% | ₹42.3K Cr ▲9.7% | ₹38.6K Cr ▼5.7% | ₹40.9K Cr ▲5.6% | ₹38.8K Cr ▲3.5% | ₹37.4K Cr ▲4.7% | ₹35.8K Cr ▼7.0% | ₹38.5K Cr |
| Op. Profit | ₹5.6K Cr ▲9.6% | ₹5.1K Cr ▲10.0% | ₹4.6K Cr ▼4.6% | ₹4.8K Cr ▼4.6% | ₹5.1K Cr ▲1.5% | ₹5.0K Cr ▼2.1% | ₹5.1K Cr ▼2.2% | ₹5.2K Cr |
| OPM | 11.0% ▼8.3% | 12.0% ▲0.0% | 12.0% ▲0.0% | 12.0% ▼7.7% | 13.0% ▲0.0% | 13.0% ▼7.1% | 14.0% ▲0.0% | 14.0% |
| Net Profit | ₹3.9K Cr ▲15.8% | ₹3.3K Cr ▼11.7% | ₹3.8K Cr ▼3.0% | ₹3.9K Cr ▲4.9% | ₹3.7K Cr ▲20.1% | ₹3.1K Cr ▼17.5% | ₹3.8K Cr ▼4.9% | ₹4.0K Cr |
| EPS (₹) | 123.38 ▲15.8% | 106.52 ▼11.7% | 120.62 ▼3.0% | 124.4 ▲4.9% | 118.54 ▲20.1% | 98.68 ▼17.5% | 119.58 ▼4.9% | 125.71 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.8L Cr ▲19.9% | ₹1.5L Cr ▲7.8% | ₹1.4L Cr ▲20.7% | ₹1.2L Cr ▲33.1% | ₹88.3K Cr ▲25.5% | ₹70.4K Cr ▼7.0% | ₹75.7K Cr ▼12.1% | ₹86.1K Cr ▲7.8% | ₹79.8K Cr ▲17.2% | ₹68.1K Cr |
| Expenses | ₹1.6L Cr ▲22.0% | ₹1.3L Cr ▲7.7% | ₹1.2L Cr ▲15.7% | ₹1.1L Cr ▲29.0% | ₹82.6K Cr ▲27.1% | ₹65.0K Cr ▼4.9% | ₹68.3K Cr ▼8.9% | ₹75.0K Cr ▲10.8% | ₹67.7K Cr ▲17.4% | ₹57.7K Cr |
| Op. Profit | ₹21.5K Cr ▲6.1% | ₹20.2K Cr ▲8.6% | ₹18.6K Cr ▲68.9% | ₹11.0K Cr ▲91.7% | ₹5.8K Cr ▲6.3% | ₹5.4K Cr ▼26.4% | ₹7.4K Cr ▼33.5% | ₹11.1K Cr ▼8.8% | ₹12.1K Cr ▲16.3% | ₹10.4K Cr |
| OPM | 12.0% ▼7.7% | 13.0% ▲0.0% | 13.0% ▲44.4% | 9.0% ▲28.6% | 7.0% ▼12.5% | 8.0% ▼20.0% | 10.0% ▼23.1% | 13.0% ▼13.3% | 15.0% ▲0.0% | 15.0% |
| Other Income | ₹4.6K Cr ▼10.7% | ₹5.2K Cr ▲22.4% | ₹4.2K Cr ▲84.1% | ₹2.3K Cr ▲24.0% | ₹1.9K Cr ▼38.9% | ₹3.0K Cr ▼10.7% | ₹3.4K Cr ▲28.0% | ₹2.7K Cr ▲23.6% | ₹2.2K Cr ▼10.2% | ₹2.4K Cr |
| Interest | ₹239 Cr ▲23.2% | ₹194 Cr ▲0.0% | ₹194 Cr ▲3.7% | ₹187 Cr ▲47.2% | ₹127 Cr ▲24.5% | ₹102 Cr ▼23.9% | ₹134 Cr ▲76.3% | ₹76 Cr ▼78.0% | ₹346 Cr ▲288.8% | ₹89 Cr |
| Depreciation | ₹6.7K Cr ▲20.2% | ₹5.6K Cr ▲6.7% | ₹5.3K Cr ▲86.0% | ₹2.8K Cr ▲1.3% | ₹2.8K Cr ▼8.1% | ₹3.0K Cr ▼14.0% | ₹3.5K Cr ▲16.8% | ₹3.0K Cr ▲9.5% | ₹2.8K Cr ▲6.0% | ₹2.6K Cr |
| PBT | ₹19.1K Cr ▼2.6% | ₹19.6K Cr ▲12.6% | ₹17.4K Cr ▲68.8% | ₹10.3K Cr ▲119.8% | ₹4.7K Cr ▼11.7% | ₹5.3K Cr ▼25.1% | ₹7.1K Cr ▼33.1% | ₹10.6K Cr ▼4.9% | ₹11.2K Cr ▲10.3% | ₹10.1K Cr |
| Tax % | 23.0% ▼11.5% | 26.0% ▲13.0% | 23.0% ▲15.0% | 20.0% ▲17.6% | 17.0% ▼5.6% | 18.0% ▼10.0% | 20.0% ▼28.6% | 28.0% ▼3.4% | 29.0% ▲11.5% | 26.0% |
| Net Profit | ₹14.7K Cr ▲1.2% | ₹14.5K Cr ▲7.5% | ₹13.5K Cr ▲64.3% | ₹8.2K Cr ▲111.6% | ₹3.9K Cr ▼11.6% | ₹4.4K Cr ▼22.7% | ₹5.7K Cr ▼25.8% | ₹7.7K Cr ▼2.9% | ₹7.9K Cr ▲4.9% | ₹7.5K Cr |
| EPS (₹) | 466.9 ▲1.2% | 461.2 ▲7.5% | 429.01 ▲57.8% | 271.82 ▲111.6% | 128.43 ▼11.6% | 145.3 ▼22.7% | 187.9 ▼25.8% | 253.21 ▼2.9% | 260.86 ▲4.9% | 248.61 |
| Div Payout | 30.0% ▲3.4% | 29.0% ▲0.0% | 29.0% ▼12.1% | 33.0% ▼29.8% | 47.0% ▲51.6% | 31.0% ▼3.1% | 32.0% ▲0.0% | 32.0% ▲3.2% | 31.0% ▲3.3% | 30.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹157 Cr ▲0.0% | ₹157 Cr ▲0.0% | ₹157 Cr ▲4.0% | ₹151 Cr ▲0.0% | ₹151 Cr ▲0.0% | ₹151 Cr ▲0.0% | ₹151 Cr ▲0.0% | ₹151 Cr ▲0.0% | ₹151 Cr ▲0.0% | ₹151 Cr |
| Reserves | ₹99.6K Cr ▲3.6% | ₹96.1K Cr ▲12.4% | ₹85.5K Cr ▲38.7% | ₹61.6K Cr ▲11.7% | ₹55.2K Cr ▲5.4% | ₹52.4K Cr ▲6.3% | ₹49.3K Cr ▲4.9% | ₹46.9K Cr ▲10.7% | ₹42.4K Cr ▲14.9% | ₹36.9K Cr |
| Borrowings | ₹100 Cr ▲14.9% | ₹87 Cr ▼26.9% | ₹119 Cr ▼90.5% | ₹1.2K Cr ▲192.7% | ₹426 Cr ▼21.3% | ₹541 Cr ▲194.0% | ₹184 Cr ▲15.0% | ₹160 Cr ▲32.2% | ₹121 Cr ▼75.0% | ₹484 Cr |
| Other Liabilities | ₹38.6K Cr ▲8.3% | ₹35.6K Cr ▲20.6% | ₹29.6K Cr ▲37.1% | ₹21.6K Cr ▲14.1% | ₹18.9K Cr ▲3.1% | ₹18.3K Cr ▲30.7% | ₹14.0K Cr ▼16.1% | ₹16.7K Cr ▼4.8% | ₹17.6K Cr ▲22.0% | ₹14.4K Cr |
| Total Liabilities | ₹1.4L Cr ▲4.9% | ₹1.3L Cr ▲14.5% | ₹1.2L Cr ▲36.3% | ₹84.6K Cr ▲13.3% | ₹74.7K Cr ▲4.6% | ₹71.4K Cr ▲12.2% | ₹63.6K Cr ▼0.5% | ₹64.0K Cr ▲6.2% | ₹60.2K Cr ▲16.0% | ₹52.0K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹35.5K Cr ▲7.6% | ₹33.0K Cr ▲18.4% | ₹27.9K Cr ▲56.3% | ₹17.8K Cr ▲29.7% | ₹13.7K Cr ▼8.3% | ₹15.0K Cr ▼4.8% | ₹15.7K Cr ▲2.0% | ₹15.4K Cr ▲15.3% | ₹13.4K Cr ▲0.6% | ₹13.3K Cr |
| CWIP | ₹7.9K Cr ▼0.3% | ₹7.9K Cr ▲2.5% | ₹7.7K Cr ▲166.4% | ₹2.9K Cr ▼1.1% | ₹2.9K Cr ▲96.1% | ₹1.5K Cr ▲5.8% | ₹1.4K Cr ▼11.9% | ₹1.6K Cr ▼24.6% | ₹2.1K Cr ▲70.3% | ₹1.3K Cr |
| Investments | ₹65.5K Cr ▼1.2% | ₹66.3K Cr ▲15.7% | ₹57.3K Cr ▲16.5% | ₹49.2K Cr ▲17.0% | ₹42.0K Cr ▼2.1% | ₹42.9K Cr ▲14.6% | ₹37.5K Cr ▼0.0% | ₹37.5K Cr ▲3.8% | ₹36.1K Cr ▲23.9% | ₹29.2K Cr |
| Other Assets | ₹29.6K Cr ▲19.3% | ₹24.8K Cr ▲10.6% | ₹22.4K Cr ▲52.7% | ₹14.7K Cr ▼7.9% | ₹15.9K Cr ▲33.4% | ₹11.9K Cr ▲33.0% | ₹9.0K Cr ▼4.7% | ₹9.4K Cr ▲9.5% | ₹8.6K Cr ▲4.3% | ₹8.2K Cr |
| Total Assets | ₹1.4L Cr ▲4.9% | ₹1.3L Cr ▲14.5% | ₹1.2L Cr ▲36.3% | ₹84.6K Cr ▲13.3% | ₹74.7K Cr ▲4.6% | ₹71.4K Cr ▲12.2% | ₹63.6K Cr ▼0.5% | ₹64.0K Cr ▲6.2% | ₹60.2K Cr ▲16.0% | ₹52.0K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹16.1K Cr ▼4.0% | ₹16.8K Cr ▲81.6% | ₹9.3K Cr ▲402.8% | ₹1.8K Cr ▼79.2% | ₹8.9K Cr ▲153.3% | ₹3.5K Cr ▼47.0% | ₹6.6K Cr ▼44.0% | ₹11.8K Cr ▲14.6% | ₹10.3K Cr ▲21.2% | ₹8.5K Cr |
| Investing CF | ₹-14.5K Cr ▼21.8% | ₹-11.9K Cr ▼47.6% | ₹-8.0K Cr ▼3262.3% | ₹-239 Cr ▲96.7% | ₹-7.3K Cr ▼1209.0% | ₹-557 Cr ▲84.3% | ₹-3.5K Cr ▲57.4% | ₹-8.3K Cr ▲9.5% | ₹-9.2K Cr ▼26.9% | ₹-7.2K Cr |
| Financing CF | ₹-4.2K Cr ▼2.3% | ₹-4.1K Cr ▼234.9% | ₹-1.2K Cr ▲24.5% | ₹-1.6K Cr ▼4.0% | ₹-1.5K Cr ▲50.2% | ₹-3.1K Cr ▼5.3% | ₹-2.9K Cr ▲14.2% | ₹-3.4K Cr ▼204.3% | ₹-1.1K Cr ▲8.7% | ₹-1.2K Cr |
| Net Cash Flow | ₹-2.5K Cr ▼383.2% | ₹874 Cr ▲43600.0% | ₹2 Cr ▲133.3% | ₹-6 Cr ▼130.0% | ₹20 Cr ▲112.1% | ₹-165 Cr ▼246.0% | ₹113 Cr ▲126.0% | ₹50 Cr ▲350.0% | ₹-20 Cr ▼225.0% | ₹16 Cr |
| Free Cash Flow | ₹5.5K Cr ▼27.6% | ₹7.6K Cr ▲154.5% | ₹3.0K Cr ▲302.6% | ₹-1.5K Cr ▼122.7% | ₹6.5K Cr ▲6700.0% | ₹96 Cr ▼94.9% | ₹1.9K Cr ▼76.0% | ₹7.9K Cr ▲14.4% | ₹6.9K Cr ▲14.6% | ₹6.0K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16d ▲33.3% | 12d ▲20.0% | 10d ▲25.0% | 8d ▲14.3% | 7d ▼30.0% | 10d ▲0.0% | 10d ▲42.9% | 7d ▲16.7% | 6d ▼25.0% | 8d |
| Inventory Days | 23d ▲21.1% | 19d ▲5.6% | 18d ▼10.0% | 20d ▼9.1% | 22d ▲0.0% | 22d ▲10.0% | 20d ▼4.8% | 21d ▼16.0% | 25d ▼16.7% | 30d |
| Days Payable | 70d ▲12.9% | 62d ▲24.0% | 50d ▼7.4% | 54d ▼26.0% | 73d ▲43.1% | 51d ▼13.6% | 59d ▼15.7% | 70d ▲7.7% | 65d ▼7.1% | 70d |
| Cash Conv. Cycle | -31d ▲0.0% | -31d ▼40.9% | -22d ▲15.4% | -26d ▲40.9% | -44d ▼120.0% | -20d ▲31.0% | -29d ▲31.0% | -42d ▼27.3% | -33d ▼3.1% | -32d |
| Working Capital Days | -24d ▲7.7% | -26d ▲0.0% | -26d ▲13.3% | -30d ▲40.0% | -50d ▼150.0% | -20d ▲33.3% | -30d ▲25.0% | -40d ▼11.1% | -36d ▼33.3% | -27d |
| ROCE | 22.0% ▼8.3% | 24.0% ▲71.4% | 14.0% ▲133.3% | 6.0% ▼45.5% | 11.0% ▲22.2% | 9.0% ▼52.6% | 19.0% ▼20.8% | 24.0% ▲0.0% | 24.0% ▲4.3% | 23.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Maruti Suzuki India Limited
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.
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