Nifty
:
22776.10
Sensex
:
73067.81
220.35 (0.98%)
685.34 (0.95%)
Nifty
Sensex
:
:
22776.10
73067.81
220.35 (0.98%)
685.34 (0.95%)

Maruti Suzuki India Ltd.

Automobiles - Passenger Cars

Rating :
47/99

BSE: 532500 | NSE: MARUTI

NSE BSE
11625.00
06-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  11485
  •  11625
  •  11451
  •  11532.00
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  263958
  •  3048175281
  •  17370
  •  11305

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 3,64,801.31
  • 25.27
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 3,63,221.31
  • 1.21%
  • 3.28

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 58.65%
  • 0.24%
  • 2.69%
  • FII
  • DII
  • Others
  • 12.82%
  • 22.99%
  • 2.61%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 10.41
  • 15.72
  • 8.92

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 7.55
  • 30.33
  • 2.98

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.93
  • 30.49
  • 2.86

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 30.86
  • 31.60
  • 28.12

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.39
  • 4.42
  • 4.34

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 20.50
  • 21.20
  • 17.11

Earnings Forecasts:

(Updated: 03-10-2026)
Description
2026
2027
2028
2029
Adj EPS
466.9
506.47
617.74
702
P/E Ratio
24.90
22.95
18.82
16.56
Revenue
180350
212401
234931
261793
EBITDA
21456.2
23648.3
28414.5
31100
Net Income
14679.5
15901.9
19245.3
21424.9
ROA
10.49
9.6
11.43
11.28
P/B Ratio
3.41
3.18
2.94
2.53
ROE
14.43
13.73
15.17
15.13
FCFF
9139.1
3800
8400
11300
FCFF Yield
2.54
1.06
2.34
3.14
Net Debt
-16901.9
-64226.4
-70229.1
-85500
BVPS
3408.25
3660.69
3951.37
4591.57

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
52,469.80
38,605.20
35.91%
52,462.50
40,920.10
28.21%
49,904.10
38,764.30
28.74%
42,344.20
37,449.20
13.07%
Expenses
48,156.50
33,982.60
41.71%
46,304.20
36,076.10
28.35%
44,331.00
33,687.80
31.59%
37,258.20
32,450.40
14.82%
EBITDA
4,313.30
4,622.60
-6.69%
6,158.30
4,844.00
27.13%
5,573.10
5,076.50
9.78%
5,086.00
4,998.80
1.74%
EBIDTM
8.22%
11.97%
11.74%
11.84%
11.17%
13.10%
12.01%
13.35%
Other Income
1,874.00
1,888.20
-0.75%
483.90
1,511.20
-67.98%
1,055.10
1,057.70
-0.25%
946.20
1,523.20
-37.88%
Interest
63.50
46.80
35.68%
73.00
47.60
53.36%
61.70
46.30
33.26%
57.20
43.00
33.02%
Depreciation
1,780.30
1,556.00
14.42%
1,748.10
1,461.80
19.59%
1,734.60
1,429.00
21.39%
1,703.00
1,385.70
22.90%
PBT
4,343.50
4,908.00
-11.50%
4,821.10
4,845.80
-0.51%
4,831.90
4,658.90
3.71%
4,272.00
5,093.30
-16.13%
Tax
994.30
1,151.10
-13.62%
1,259.40
1,006.60
25.11%
1,038.20
999.10
3.91%
990.30
2,038.10
-51.41%
PAT
3,349.20
3,756.90
-10.85%
3,561.70
3,839.20
-7.23%
3,793.70
3,659.80
3.66%
3,281.70
3,055.20
7.41%
PATM
6.38%
9.73%
6.79%
9.38%
7.60%
9.44%
7.75%
8.16%
EPS
109.63
120.62
-9.11%
116.38
124.40
-6.45%
123.38
118.54
4.08%
106.52
98.68
7.94%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
1,97,180.60
1,83,316.00
1,52,913.00
1,41,858.20
1,18,409.90
88,329.80
70,372.00
75,660.00
86,068.50
79,809.40
68,085.00
Net Sales Growth
26.61%
19.88%
7.79%
19.80%
34.05%
25.52%
-6.99%
-12.09%
7.84%
17.22%
 
Cost Of Goods Sold
1,45,568.50
1,32,575.50
1,07,490.80
99,740.90
85,486.40
66,044.00
50,824.10
53,163.30
59,558.20
54,986.10
46,742.20
Gross Profit
51,612.10
50,740.50
45,422.20
42,117.30
32,923.50
22,285.80
19,547.90
22,496.70
26,510.30
24,823.30
21,342.80
GP Margin
26.18%
27.68%
29.70%
29.69%
27.80%
25.23%
27.78%
29.73%
30.80%
31.10%
31.35%
Total Expenditure
1,76,049.90
1,61,859.80
1,32,756.70
1,23,331.90
1,05,315.50
82,623.60
65,020.40
68,347.40
75,065.30
67,746.00
57,726.90
Power & Fuel Cost
-
1,229.00
1,052.60
1,033.40
1,091.90
630.90
476.60
699.50
863.30
673.40
518.60
% Of Sales
-
0.67%
0.69%
0.73%
0.92%
0.71%
0.68%
0.92%
1.00%
0.84%
0.76%
Employee Cost
-
9,049.70
7,026.00
6,301.60
5,308.50
4,051.40
3,431.60
3,416.20
3,285.00
2,863.40
2,360.30
% Of Sales
-
4.94%
4.59%
4.44%
4.48%
4.59%
4.88%
4.52%
3.82%
3.59%
3.47%
Manufacturing Exp.
-
6,672.30
6,079.50
5,847.30
5,065.50
3,540.40
3,621.00
4,195.40
4,974.00
4,229.30
4,230.90
% Of Sales
-
3.64%
3.98%
4.12%
4.28%
4.01%
5.15%
5.55%
5.78%
5.30%
6.21%
General & Admin Exp.
-
189.20
178.10
144.80
145.10
1,820.90
1,355.40
1,049.20
569.40
387.70
292.40
% Of Sales
-
0.10%
0.12%
0.10%
0.12%
2.06%
1.93%
1.39%
0.66%
0.49%
0.43%
Selling & Distn. Exp.
-
6,760.80
6,311.50
6,238.90
5,366.10
4,292.80
3,346.80
3,589.80
3,322.60
2,600.40
1,970.90
% Of Sales
-
3.69%
4.13%
4.40%
4.53%
4.86%
4.76%
4.74%
3.86%
3.26%
2.89%
Miscellaneous Exp.
-
5,383.30
4,618.20
4,025.00
2,852.00
2,243.20
1,964.90
2,234.00
2,492.80
2,005.70
1,970.90
% Of Sales
-
2.94%
3.02%
2.84%
2.41%
2.54%
2.79%
2.95%
2.90%
2.51%
2.37%
EBITDA
21,130.70
21,456.20
20,156.30
18,526.30
13,094.40
5,706.20
5,351.60
7,312.60
11,003.20
12,063.40
10,358.10
EBITDA Margin
10.72%
11.70%
13.18%
13.06%
11.06%
6.46%
7.60%
9.67%
12.78%
15.12%
15.21%
Other Income
4,359.20
4,357.20
5,022.20
4,093.50
2,264.70
1,744.70
2,936.30
3,334.40
2,561.60
2,045.80
2,289.60
Interest
255.40
238.70
194.20
193.60
252.30
126.60
101.80
134.20
75.90
345.80
89.40
Depreciation
6,966.00
6,741.70
5,608.20
5,255.80
4,846.00
2,789.00
3,034.10
3,528.40
3,020.80
2,759.80
2,603.90
PBT
18,268.50
18,833.00
19,376.10
17,170.40
10,260.80
4,535.30
5,152.00
6,984.40
10,468.10
11,003.60
9,954.40
Tax
4,282.20
4,439.00
5,119.80
3,936.30
2,174.50
817.70
931.90
1,425.20
2,973.20
3,286.20
2,616.20
Tax Rate
23.44%
23.57%
26.42%
22.92%
21.19%
18.03%
18.09%
20.41%
28.40%
29.86%
26.28%
PAT
13,986.30
14,679.50
14,500.20
13,488.20
8,263.70
3,879.50
4,389.10
5,676.00
7,649.10
7,880.00
7,509.90
PAT before Minority Interest
13,986.30
14,679.50
14,500.20
13,488.20
8,263.70
3,879.50
4,389.10
5,677.60
7,650.60
7,880.70
7,511.00
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-1.60
-1.50
-0.70
-1.10
PAT Margin
7.09%
8.01%
9.48%
9.51%
6.98%
4.39%
6.24%
7.50%
8.89%
9.87%
11.03%
PAT Growth
-2.27%
1.24%
7.50%
63.22%
113.01%
-11.61%
-22.67%
-25.80%
-2.93%
4.93%
 
EPS
444.86
466.91
461.20
429.01
262.84
123.39
139.60
180.53
243.29
250.64
238.86

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
1,07,156.30
96,239.90
85,636.00
74,600.20
55,333.50
52,500.60
49,413.00
47,092.10
42,559.40
37,075.10
Share Capital
157.20
157.20
157.20
157.20
151.00
151.00
151.00
151.00
151.00
151.00
Total Reserves
1,06,999.10
96,082.70
85,478.80
74,443.00
55,182.50
52,349.60
49,262.00
46,941.10
42,408.40
36,924.10
Non-Current Liabilities
15,250.60
11,443.40
3,716.30
2,739.10
2,157.40
2,661.60
2,890.10
2,698.50
2,224.40
1,633.20
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
2.80
5.40
8.00
10.00
0.00
Long Term Provisions
10,112.80
6,408.60
144.80
87.50
84.40
44.70
51.60
39.50
26.50
21.90
Current Liabilities
62,969.10
55,635.00
25,951.80
22,766.70
17,023.50
16,213.90
11,305.40
14,160.50
15,448.50
13,236.80
Trade Payables
22,133.80
16,922.10
16,988.40
13,675.50
9,765.20
10,168.10
7,498.80
9,637.70
10,499.30
8,369.20
Other Current Liabilities
10,887.00
9,854.60
6,415.40
5,634.00
4,903.80
3,959.50
2,323.40
3,074.90
3,423.40
3,130.60
Short Term Borrowings
0.00
0.00
33.10
1,215.80
381.90
488.80
106.30
149.60
110.80
483.60
Short Term Provisions
29,948.30
28,858.30
2,514.90
2,241.40
1,972.60
1,597.50
1,376.90
1,298.30
1,415.00
1,253.40
Total Liabilities
1,85,376.00
1,63,318.30
1,15,304.10
1,00,106.00
74,514.40
71,376.10
63,627.70
63,968.70
60,248.40
51,960.50
Net Block
34,523.30
32,982.70
27,864.80
27,941.40
13,747.20
14,988.70
15,744.40
15,437.30
13,388.80
13,310.70
Gross Block
78,202.50
71,052.30
60,787.30
56,082.80
32,547.00
31,516.10
29,768.00
26,365.10
21,458.10
18,680.20
Accumulated Depreciation
43,679.20
38,069.60
32,922.50
28,141.40
18,799.80
16,527.40
14,023.60
10,927.80
8,069.30
5,369.50
Non Current Assets
1,19,929.70
1,08,729.60
92,670.30
84,436.80
57,721.00
53,279.10
55,187.10
51,596.00
52,318.40
43,162.50
Capital Work in Progress
9,838.30
7,929.00
7,734.80
4,143.00
2,936.50
1,496.80
1,415.20
1,606.90
2,132.10
1,252.30
Non Current Investment
61,414.10
57,927.80
53,383.80
49,184.30
37,934.60
34,529.10
36,269.20
32,458.10
34,905.80
26,971.80
Long Term Loans & Adv.
13,079.30
9,229.70
3,033.50
2,609.60
2,758.00
1,930.10
1,436.40
1,191.00
1,318.80
1,210.90
Other Non Current Assets
1,074.70
660.40
653.40
558.50
344.70
334.40
321.90
902.70
572.90
416.80
Current Assets
65,425.70
54,568.40
22,613.50
15,669.20
16,793.40
18,097.00
8,440.60
12,372.70
7,930.00
8,798.00
Current Investments
15,424.40
8,337.60
3,912.20
0.00
4,100.10
8,415.70
1,218.80
5,045.50
1,217.30
2,178.80
Inventories
11,320.60
6,913.20
5,318.10
5,443.50
3,532.30
3,049.00
3,213.90
3,322.60
3,160.20
3,263.70
Sundry Debtors
5,342.00
6,539.70
4,596.80
3,284.80
2,034.50
1,279.90
1,977.70
2,312.80
1,465.40
1,202.60
Cash & Bank
1,580.00
552.90
2,827.40
2,748.50
3,042.20
3,047.10
29.00
187.80
74.00
23.50
Other Current Assets
31,758.70
422.50
394.40
329.60
4,084.30
2,305.30
2,001.20
1,504.00
2,013.10
2,129.40
Short Term Loans & Adv.
31,385.10
31,802.50
5,564.60
3,862.80
3,835.10
2,066.80
1,736.80
1,332.80
1,833.80
1,953.50
Net Current Assets
2,456.60
-1,066.60
-3,338.30
-7,097.50
-230.10
1,883.10
-2,864.80
-1,787.80
-7,518.50
-4,438.80
Total Assets
1,85,355.40
1,63,298.00
1,15,283.80
1,00,106.00
74,514.40
71,376.10
63,627.70
63,968.70
60,248.40
51,960.50

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
19,099.90
16,180.00
16,801.10
10,814.60
1,840.50
8,856.20
3,495.80
6,600.90
11,787.90
10,282.00
PBT
19,118.50
19,620.00
17,424.50
10,438.20
4,697.20
5,321.00
7,102.80
10,623.80
11,166.90
10,127.20
Adjustment
2,683.70
701.50
1,252.00
2,738.30
1,134.70
210.00
400.60
435.70
869.20
285.90
Changes in Working Capital
1,634.90
-334.70
1,721.70
-97.20
-2,813.10
4,336.50
-2,570.10
-1,314.80
2,807.80
2,191.80
Cash after chg. in Working capital
23,437.10
19,986.80
20,398.20
13,079.30
3,018.80
9,867.50
4,933.30
9,744.70
14,843.90
12,604.90
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-4,337.20
-3,806.80
-3,597.10
-2,264.70
-1,178.30
-1,011.30
-1,437.50
-3,143.80
-3,056.00
-2,322.90
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-14,733.50
-14,499.90
-11,864.80
-8,820.50
-239.20
-7,291.30
-556.60
-3,539.90
-8,301.70
-9,173.20
Net Fixed Assets
-9,058.50
-29,999.50
-6,985.40
-6,539.90
-2,471.00
-1,829.40
-3,204.90
-4,379.60
-3,638.00
-3,583.10
Net Investments
-10,323.10
4,071.30
-20,757.30
-6,993.10
1,023.40
-5,319.10
47.40
-1,224.80
-6,809.20
-8,548.80
Others
4,648.10
11,428.30
15,877.90
4,712.50
1,208.40
-142.80
2,600.90
2,064.50
2,145.50
2,958.70
Cash from Financing Activity
-4,484.00
-4,155.10
-4,062.00
-1,213.90
-1,607.00
-1,544.90
-3,104.30
-2,947.90
-3,436.10
-1,129.30
Net Cash Inflow / Outflow
-117.60
-2,475.00
874.30
780.20
-5.70
20.00
-165.10
113.10
50.10
-20.50
Opening Cash & Equivalents
184.50
2,659.50
1,785.20
1,005.00
40.80
20.80
185.90
72.80
22.70
43.20
Closing Cash & Equivalent
66.90
184.50
2,659.50
1,785.20
35.10
40.80
20.80
185.90
72.80
22.70

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
3408.28
3061.07
2723.79
2372.78
1832.24
1738.43
1636.19
1559.34
1409.25
1227.65
ROA
8.42%
10.41%
12.52%
9.46%
5.32%
6.25%
8.71%
12.07%
13.76%
15.50%
ROE
14.43%
15.95%
16.84%
12.72%
7.20%
8.28%
11.52%
16.72%
19.38%
21.68%
ROCE
19.03%
21.78%
21.82%
16.26%
8.87%
10.25%
14.71%
23.45%
28.29%
29.37%
Fixed Asset Turnover
2.54
2.42
2.52
2.77
2.86
2.41
2.70
3.60
4.09
4.54
Receivable days
11.43
12.74
9.78
7.92
6.61
8.05
10.35
8.01
5.93
5.96
Inventory Days
17.54
13.99
13.35
13.37
13.12
15.47
15.77
13.75
14.29
15.10
Payable days
53.76
57.57
56.11
50.04
55.08
63.44
45.30
49.19
50.59
48.95
Cash Conversion Cycle
-24.80
-30.85
-32.98
-28.76
-35.36
-39.92
-19.19
-27.43
-30.37
-27.88
Total Debt/Equity
0.00
0.00
0.00
0.02
0.01
0.01
0.00
0.00
0.00
0.01
Interest Cover
81.09
102.03
91.00
42.37
38.10
51.61
53.04
138.92
32.82
112.35

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Maruti Suzuki India reports 24% growth in total sales in September
    1st Oct 2026, 17:27 PM

    Within this, sales of Mini, Compact and Mid-Size cars, including Alto, Baleno, Celerio, Ciaz, Dzire, Ignis, S-Presso, Swift, and WagonR, grew 24.02% to 91,887 units in September 2026

    Read More
  • Maruti Suzuki commissions 300 kW Green Hydrogen electrolyzer plant at Manesar
    24th Sep 2026, 16:13 PM

    The Green Hydrogen produced is blended with natural gas to be utilized as process fuel in the company’s manufacturing operations

    Read More
  • Maruti Suzuki achieves 1 million vehicle dispatches through in-plant railway sidings in Gujarat, Haryana
    21st Sep 2026, 14:26 PM

    In the current fiscal year till August 31, 2026, Maruti Suzuki’s rail-based vehicle dispatches have crossed 3 lakh vehicles

    Read More
  • Maruti Suzuki India introduces automatic S-CNG models for Swift, Dzire, Baleno
    19th Sep 2026, 13:16 PM

    The new range of Maruti Suzuki automatic S-CNG range of cars offer automatic car driving convenience with superior fuel-efficiency

    Read More
  • Maruti Suzuki India to hike prices of selected models in September 2026
    7th Sep 2026, 14:27 PM

    The company is all set to raise the prices of selected models by up to Rs 20,000

    Read More
  • Maruti Suzuki unveils ‘Stunning New Baleno’
    7th Sep 2026, 11:28 AM

    Bookings for the car are open at Rs 11 000, with prices starting at Rs 6,09,900 (ex-showroom)

    Read More
  • Maruti Suzuki’s FRONX crosses 2 lakh export mark
    19th Aug 2026, 10:21 AM

    Since the commencement of exports in June 2023, FRONX has witnessed a remarkable acceleration in global demand

    Read More
  • Maruti Suzuki India reports 34% rise in total sales in July
    1st Aug 2026, 17:04 PM

    The company's exports in July 2026 stood at 30,056 units, compared with 31,745 units in July 2025, registering a decline of 5.32%

    Read More
  • Maruti Suzuki India’s Q1 consolidated net profit declines 9%
    1st Aug 2026, 11:46 AM

    Consolidated total income of the company increased by 34.20% to Rs 54,343.80 crore in Q1FY27

    Read More
  • Maruti Suzuki India - Quarterly Results
    1st Aug 2026, 00:00 AM

    Read More
  • Maruti Suzuki starts commercial production at fourth plant of Hansalpur facility
    30th Jul 2026, 15:00 PM

    With Hansalpur Plant D, Maruti Suzuki’s total manufacturing capacity stands at 2.9 million units per annum

    Read More
  • Maruti Suzuki India launches New Brezza Turbo Boosterjet
    25th Jul 2026, 10:47 AM

    Created for today’s multifaceted customers, the New Brezza has been designed to appeal to their different personas in every walk of life

    Read More
  • Maruti Suzuki to hike prices across models from August
    21st Jul 2026, 17:22 PM

    The exact quantum of change will vary from model to model

    Read More
  • Maruti Suzuki India commences bookings for new 2026 Brezza
    15th Jul 2026, 10:08 AM

    The new Brezza can be booked with a booking amount of Rs 11,000

    Read More
  • Maruti Suzuki commissions 1 MWh battery energy storage system at Kharkhoda facility
    8th Jul 2026, 15:09 PM

    The commissioning is part of the company’s continued efforts to align with India's focus on building self-reliant energy ecosystems

    Read More
  • Maruti Suzuki reports 40% growth in total vehicle production in June
    2nd Jul 2026, 11:41 AM

    Production of the light commercial vehicle Super Carry increased 47.93% to 3,185 units in June 2026 from 2,153 units in the corresponding month last year

    Read More
  • Maruti Suzuki India reports 19% rise in total sales in June
    1st Jul 2026, 16:14 PM

    The company’s exports in June 2026 stood at 42,768 units, compared with 37,842 units in June 2025, registering a growth of 13.02%

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.