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Maruti Suzuki Overview

Maruti Suzuki India Limited is engaged within the production, buying and sale of motor vehicles, additives and spare elements. The Company's other activities accommodates facilitation of pre-owned vehicle sales, fleet management and car financing. The Company gives its products thru 3 channels, namely Nexa, Arena and Commercial. Its portfolio of Nexa merchandise consist of Baleno, XL6, Ignis, S-Cross and Ciaz. Its portfolio of Arena merchandise includes Vitara Brezza, Ertiga, Wagon-R, Dzire, Alto, Celerio, CelerioX, S-Presso, Eeco and Swift. It...Read More

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Maruti Suzuki Key Financials

Market Cap ₹476194 Cr.

Stock P/E 32.8

P/B 4.6

Current Price ₹15146

Book Value ₹ 3293.2

Face Value 5

52W High ₹17371.6

Dividend Yield 0.89%

52W Low ₹ 11072.2

Maruti Suzuki Share Price

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Volume
Price

Maruti Suzuki Quarterly Price

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Maruti Suzuki Peer Comparison

Maruti Suzuki Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 37339 33513 38471 35779 37449 38764 40920 38605 42344 49904
Other Income 900 996 1184 1061 1523 1058 1511 1888 946 1055
Total Income 38239 34509 39655 36840 38972 39822 42431 40493 43290 50959
Total Expenditure 32028 29073 33250 30673 32450 33688 36076 33983 37258 44331
Operating Profit 6211 5436 6405 6167 6522 6134 6355 6511 6032 6628
Interest 35 36 76 57 43 46 48 47 57 62
Depreciation 1342 1302 1298 1332 1386 1429 1462 1556 1703 1735
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4834 4099 5030 4778 5093 4659 4846 4908 4272 4832
Provision for Tax 1106 949 1155 1076 2038 999 1007 1151 990 1038
Profit After Tax 3728 3150 3875 3702 3055 3660 3839 3757 3282 3794
Adjustments 58 57 77 58 47 67 72 36 67 85
Profit After Adjustments 3786 3207 3952 3760 3103 3727 3911 3792 3349 3879
Adjusted Earnings Per Share 120.4 102 125.7 119.6 98.7 118.5 124.4 120.6 106.5 123.4

Maruti Suzuki Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 50801 57589 68085 79809 86069 75660 70372 88330 118410 141858 152913 171773
Other Income 865 1481 2290 2046 2562 3334 2936 1745 2265 4094 5022 5400
Total Income 51666 59070 70375 81855 88630 78994 73308 90075 120675 145952 157935 177173
Total Expenditure 43957 48700 57727 67746 75065 68347 65020 82624 105316 123332 132757 151648
Operating Profit 7709 10369 12648 14109 13565 10647 8288 7451 15359 22620 25179 25526
Interest 218 82 89 346 76 134 102 127 252 194 194 214
Depreciation 2515 2822 2604 2760 3021 3528 3034 2789 4846 5256 5608 6456
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4976 7585 10127 11167 10624 7103 5321 4697 10438 17425 19620 18858
Provision for Tax 1185 2088 2616 3286 2973 1425 932 818 2175 3936 5120 4186
Profit After Tax 3791 5497 7511 7881 7651 5678 4389 3880 8264 13488 14500 14672
Adjustments 17 -1 -1 -1 -2 -2 0 0 0 0 0 260
Profit After Adjustments 3807 5496 7510 7880 7649 5676 4389 3880 8264 13488 14500 14931
Adjusted Earnings Per Share 126.1 182 248.7 260.9 253.3 187.9 145.3 128.5 262.8 429 461.2 474.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 8% 20% 15% 12%
Operating Profit CAGR 11% 50% 19% 13%
PAT CAGR 8% 55% 21% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 17% 20% 15% 15%
ROE Average 16% 15% 12% 15%
ROCE Average 22% 20% 16% 21%

Maruti Suzuki Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24318 30616 37075 42559 47092 49413 52501 55334 74600 85636 96240
Minority's Interest 13 14 15 16 18 19 0 0 0 0 0
Borrowings 278 0 0 10 8 5 3 0 0 0 0
Other Non-Current Liabilities 886 1051 1633 2214 2691 2885 2659 2157 2739 3716 5161
Total Current Liabilities 8981 11044 13237 15449 14161 11305 16214 17024 22767 25952 30571
Total Liabilities 34477 42726 51961 60248 63969 63628 71376 74514 100106 115304 131971
Fixed Assets 12490 12530 13311 13389 15437 15744 14989 13747 27941 27865 32983
Other Non-Current Assets 13293 22245 29852 38930 36159 39443 38290 43974 56495 64806 69464
Total Current Assets 8695 7951 8798 7930 12373 8441 18097 16793 15669 22614 29504
Total Assets 34477 42726 51961 60248 63969 63628 71376 74514 100106 115304 131971

Maruti Suzuki Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 89 28 43 23 73 186 21 41 1005 1785 2660
Cash Flow from Operating Activities 6449 8483 10282 11788 6601 3496 8856 1841 10815 16801 16136
Cash Flow from Investing Activities -4491 -7230 -9173 -8302 -3540 -557 -7291 -239 -8821 -11865 -14456
Cash Flow from Financing Activities -2004 -1237 -1129 -3436 -2948 -3104 -1545 -1607 -1214 -4062 -4155
Net Cash Inflow / Outflow -45 16 -21 50 113 -165 20 -6 780 874 -2475
Closing Cash & Cash Equivalent 43 43 23 73 186 21 41 35 1785 2660 185

Maruti Suzuki Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 126.07 181.99 248.67 260.93 253.28 187.95 145.33 128.46 262.84 429.01 461.2
CEPS(Rs) 208.8 275.46 334.93 352.33 353.36 304.83 245.8 220.81 416.98 596.18 639.58
DPS(Rs) 25 35 75 80 80 60 45 60 90 125 135
Book NAV/Share(Rs) 805.25 1013.77 1227.65 1409.25 1559.34 1636.19 1738.43 1832.24 2372.78 2723.79 3061.07
Core EBITDA Margin(%) 12.21 13.65 13.4 14.1 12.19 9.11 7.25 6.23 10.68 12.59 12.63
EBIT Margin(%) 9.27 11.78 13.21 13.46 11.86 9.02 7.34 5.27 8.72 11.97 12.42
Pre Tax Margin(%) 8.88 11.65 13.1 13.06 11.77 8.85 7.2 5.13 8.52 11.84 12.3
PAT Margin (%) 6.76 8.44 9.71 9.21 8.48 7.08 5.94 4.24 6.74 9.17 9.09
Cash Profit Margin (%) 11.25 12.78 13.08 12.44 11.83 11.47 10.05 7.28 10.7 12.74 12.6
ROA(%) 11.5 14.24 15.87 14.05 12.32 8.9 6.5 5.32 9.46 12.52 11.73
ROE(%) 16.55 20.01 22.19 19.79 17.07 11.77 8.61 7.2 12.72 16.84 15.95
ROCE(%) 21.42 27.46 29.87 28.7 23.8 14.96 10.58 8.87 16.26 21.82 21.78
Receivable days 8.57 6.92 5.96 5.69 7.64 9.76 8.05 6.61 7.92 9.78 12.74
Inventory Days 14.68 16.48 15.1 13.71 13.11 14.87 15.47 13.12 13.37 13.35 13.99
Payable days 53.87 60.93 61.6 62.62 61.7 58.83 63.44 55.08 50.04 56.11 63.65
PER(x) 29.34 20.44 24.23 33.97 26.34 22.81 47.2 58.85 31.55 29.4 24.98
Price/Book(x) 4.59 3.67 4.91 6.29 4.28 2.62 3.95 4.13 3.49 4.63 3.76
Dividend Yield(%) 0.68 0.94 1.25 0.9 1.2 1.4 0.66 0.79 1.09 0.99 1.17
EV/Net Sales(x) 2.21 1.95 2.68 3.35 2.34 1.71 2.91 2.55 2.19 2.78 2.37
EV/Core EBITDA(x) 14.57 10.85 14.42 18.97 14.85 12.17 24.69 30.29 16.88 17.41 14.36
Net Sales Growth(%) 14.05 13.36 18.23 17.22 7.84 -12.09 -6.99 25.52 34.05 19.8 7.79
EBIT Growth(%) 32.55 47.61 33.26 12.69 -7.06 -32.36 -25.07 -11.05 121.62 64.8 12.47
PAT Growth(%) 33.87 45.02 36.63 4.92 -2.92 -25.79 -22.69 -11.61 113.01 63.22 7.5
EPS Growth(%) 33.46 44.35 36.64 4.93 -2.93 -25.8 -22.67 -11.61 104.61 63.22 7.5
Debt/Equity(x) 0.03 0.01 0.01 0 0 0 0.01 0.01 0.02 0 0
Current Ratio(x) 0.97 0.72 0.66 0.51 0.87 0.75 1.12 0.99 0.69 0.87 0.97
Quick Ratio(x) 0.67 0.44 0.42 0.31 0.64 0.46 0.93 0.78 0.45 0.67 0.74
Interest Cover(x) 23.85 93.84 114.28 33.29 140.97 53.93 53.27 38.1 42.37 91 102.03
Total Debt/Mcap(x) 0.01 0 0 0 0 0 0 0 0 0 0

Maruti Suzuki Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 56.48 58.19 58.19 58.19 58.19 58.28 58.28 58.28 58.28 58.28
FII 21.84 20.6 19.65 18.98 17.68 15.47 14.96 15.2 15.78 15.76
DII 18.22 17.7 18.92 19.43 20.82 22.9 23.64 23.33 22.63 22.91
Public 3.45 3.51 3.24 3.4 3.31 3.35 3.11 3.18 3.31 3.05
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Maruti Suzuki News

Maruti Suzuki Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 56.11 to 63.65days.
  • Stock is trading at 4.6 times its book value.
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