MARUTIAutomobile and Auto Components

Maruti Suzuki India Limited

Passenger Cars & Utility Vehicles · ISIN INE585B01010 · BSE 532500 · NSE EQ · FV ₹5
Last price
₹12,338
+1.41%today
What this company does

Maruti Suzuki India Limited operates in Passenger Cars & Utility Vehicles, part of the Automobile and Auto Components sector. It booked ₹52,470 cr of revenue in its latest quarter (Q1 FY27) and kept 6.6% of sales as profit. It is the largest of 7 Passenger Cars & Utility Vehicles companies we track, by market value.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 9–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet82

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation38

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 36% vs last year
Promoters hold 59%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.6% net margin
! Profit down 9% vs last year

What if I invest in MARUTI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹12,338 +1.41%
latest close · 2026-09-17
1-year return
+86.7%
52-wk low ₹6,53752-wk high ₹14,440
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio28.1Average
LowAverageHigh
P/B ratio3.62High
Below bookModerateHigh
EV / EBITDA15.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.9%Fair
WeakFairStrong ▸15%
Return on capital15.7%Strong
WeakFairStrong
Net margin6.6%Decent
ThinDecentStrong
EBITDA margin11.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover69.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.07Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3.88 L cr
Book value
₹3,408
EPS
₹109.63
latest quarter
Net debt
₹-67 cr
more cash than debt
Enterprise value
₹3.88 L cr
EBITDA
₹24,749 cr
annualised
EBIT
₹17,628 cr
annualised
Operating margin
8.4%
Return on assets
9.3%
Earnings yield
3.55%
P/S
1.85
Sales / share
₹6,675.5
Tax rate
22.9%
Face value
₹5
Shares
31.4 cr
Working capital
₹2,477 cr
Current assets
₹38,957 cr
Current liabilities
₹36,480 cr
Delivery %
56.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹6,418 vs market price ₹12,338 — price is 92% above it
Safety cushion-92.2%(target ≥ +20%)
Models span ₹5,277₹9,141, midpoint ₹6,418
Model ₹6,418
Price ₹12,338
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹52,470 cr
Other Income₹1,874 cr
Total Income₹54,344 cr
Cost of Materials₹32,013 cr
Purchases of Stock-in-Trade₹5,439 cr
Inventory Change (±)₹2,902 cr
Employee Benefit Expense₹2,464 cr
Finance Costs₹64 cr
Depreciation & Amortisation₹1,780 cr
Other Expenses₹5,339 cr
Total Expenses₹50,000 cr
Profit before Tax₹4,344 cr
Tax Expense₹994 cr
Share of JV / Associates₹98 cr
Net Profit₹3,447 cr
Net margin on total income6.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹40,354 cr74.1%
Employee benefit expense₹2,464 cr4.5%
Finance costs₹64 cr0.1%
Depreciation & amortisation₹1,780 cr3.3%
Other expenses₹5,339 cr9.8%
Tax expense₹994 cr1.8%
Profit for the period₹3,447 cr6.3%
Total income ₹54,344 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue49,904 cr52,463 cr52,470 cr
Total income50,959 cr52,946 cr54,344 cr
Expenses46,127 cr48,125 cr50,000 cr
Profit before tax4,832 cr4,821 cr4,344 cr
Tax1,038 cr1,259 cr994 cr
Net profit (owners' share)3,879 cr3,659 cr3,447 cr
Net margin (owners' share, on revenue)7.8%7.0%6.6%
EPS (₹)123.38116.38109.63
YoY (latest quarter): total income +34.2% · net profit -9.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1.49 L cr
Shareholder equity
₹1.07 L cr
parent shareholders
Total debt
₹0 cr
Cash
₹67 cr
Cash flow · H1 FY26
Operating
₹4,971 cr
Investing
₹-514 cr
Financing
₹-4,344 cr
Peer comparison
Passenger Cars & Utility Vehicles · by market value
CompanyPriceMarket capP/E
Maruti Suzuki India Limitedthis company₹12,338₹3.88 L cr28.1
Mahindra & Mahindra Limited₹3,077₹3.44 L cr15.8
Hyundai Motor India Limited₹2,160₹1.76 L cr49.4
Tata Motors Passenger Vehicles Limited₹315₹1.16 L cr37.4
FORCE MOTORS LTD₹17,650₹23,263 cr26.8
Olectra Greentech Limited₹1,186₹9,738 cr93.8
Mercury Ev-Tech Limited₹41₹776 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.13%
trailing 12 months
Dividend / share (TTM)
₹140
Last dividend
₹140
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹140 / share7 Aug 2026
Dividend₹135 / share1 Aug 2025
Dividend₹125 / share2 Aug 2024
Dividend₹90 / share3 Aug 2023
Dividend₹60 / share3 Aug 2022
Dividend₹45 / share5 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
58.6%
FII / Foreign
12.8%
DII / Domestic
25.2%
Retail / others
3.4%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSUZUKI MOTOR CORPORATION · Promoters3.45 L · ₹295.8 cr10 Mar 23
BoughtArihant Kumar Jain · Employees/Designated Employees134 · ₹10.2 L15 Mar 22
SoldArihant Kumar Jain · Employees/Designated Employees134 · ₹10.2 L15 Mar 22
Bulk / block deals
short · NSE112 Sep 26
short · NSE5,6721 Sep 26
short · NSE531 Aug 26
Stake changes
BoughtLife Insurance Corporation of India→ 5.01% · 51,7503 Jun 26
BoughtLife Insurance Corporation of India→ 5.01% · 51,7503 Jun 26
BoughtICICI Prudential Mutual Fund→ 5.02% · 68,08812 Nov 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Aug 2026
See the official result
1
To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
10.58 cr votes for, 1.36 L against · 0% of mutual funds and other big investors said no
2
To consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31st March 2026 and the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
10.58 cr votes for, 1.36 L against · 0% of mutual funds and other big investors said no
3
To declare dividend on equity shares of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
10.70 cr votes for, 1,820 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Kazunari Yamaguchi, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 96% of shareholders other than promotersneeded 50%
10.30 cr votes for, 40.40 L against · 4% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 116 named members
owning 58.6% between them · as of 2026-06-30
SUZUKI MOTOR CORPORATION58.65%
Cambodia Suzuki Motor Co., Ltd.no shares
Canley Traders Corporationno shares
Changzhou Haojue Suzuki Motercycles Co., Ltd.no shares
ELIIY Power Co., Ltd.no shares
Glydways, Inc.no shares
Hamana Parts Industry Co., Ltdno shares
ISE-Suzuki Egg India Private Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.