MARUTIAutomobile and Auto Components

Maruti Suzuki India Limited

Passenger Cars & Utility Vehicles · ISIN INE585B01010 · BSE 532500 · NSE EQ · FV ₹5
Last price
₹11,995
+1.06%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 ₹53,356 cr of revenue in its latest quarter (Q2 FY27) and kept 4.6% of sales as profit. It is the largest of 7 Passenger Cars & Utility Vehicles companies we track, by market value.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 14–52 companies that reported it.

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

Price momentum
neutral
RSI (14)
56

At close. Not part of the score.

Profitability & returns19

How much profit it earns on the money it employs

Balance sheet78

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation54

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 26% vs last year
✓ Promoters hold 59%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 4.6% net margin
! Profit down 26% 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 We do not publish price targets or predict returns.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
₹11,995▲ +1.06%
latest close · 2026-11-04
1-year return
+55.9%
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 ratio38.2High
LowAverageHigh
P/B ratio3.46High
Below bookModerateHigh
EV / EBITDA18.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.0%Fair
WeakFairStrong ▸15%
Return on capital11.2%Fair
WeakFairStrong
Net margin4.6%Thin
ThinDecentStrong
EBITDA margin9.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover47.5×Strong
RiskyOkayStrong ▸5×
Current ratio0.84Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3.77 L cr
Book value
₹3,467
EPS
₹78.44
latest quarter
Net debt
₹-892 cr
more cash than debt
Enterprise value
₹3.76 L cr
EBITDA
₹20,711 cr
annualised
EBIT
₹12,871 cr
annualised
Operating margin
6.0%
Return on assets
6.4%
Earnings yield
2.62%
P/S
1.77
Sales / share
₹6,788.2
Tax rate
23.9%
Face value
₹5
Shares
31.4 cr
Working capital
₹-6,540 cr
Current assets
₹33,769 cr
Current liabilities
₹40,309 cr
Delivery %
50.9%
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 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹6,444 vs market price ₹11,995 — price is 86% above it
Safety cushion-86.1%(target ≥ +20%)
Models span ₹5,368–₹8,804, midpoint ₹6,444
Model ₹6,444
Price ₹11,995
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 · Q2 FY27 (consolidated)
Revenue from Operations₹53,356 cr
Other Income₹414 cr
Total Income₹53,769 cr
Cost of Materials₹37,489 cr
Purchases of Stock-in-Trade₹5,941 cr
Inventory Change (±)₹-2,839 cr
Employee Benefit Expense₹2,351 cr
Finance Costs₹68 cr
Depreciation & Amortisation₹1,960 cr
Other Expenses₹5,651 cr
Total Expenses₹50,619 cr
Profit before Tax₹3,150 cr
Tax Expense₹753 cr
Share of JV / Associates₹69 cr
Net Profit₹2,466 cr
Net margin on total income4.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹40,590 cr75.4%
Employee benefit expense₹2,351 cr4.4%
Finance costs₹68 cr0.1%
Depreciation & amortisation₹1,960 cr3.6%
Other expenses₹5,651 cr10.5%
Tax expense₹753 cr1.4%
Profit for the period₹2,466 cr4.6%
Total income ₹53,769 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue52,463 cr52,470 cr53,356 cr
Total income52,946 cr54,344 cr53,769 cr
Expenses48,125 cr50,000 cr50,619 cr
Profit before tax4,821 cr4,344 cr3,150 cr
Tax1,259 cr994 cr753 cr
Net profit (owners' share)3,659 cr3,447 cr2,466 cr
Net margin (owners' share, on revenue)7.0%6.6%4.6%
EPS (₹)116.38109.6378.44
YoY (latest quarter): total income +24.2% · net profit -26.4%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹1.55 L cr
Shareholder equity
₹1.09 L cr
parent shareholders
Total debt
₹0 cr
Cash
₹892 cr
Cash flow · H1 FY27
Operating
₹5,519 cr
Investing
₹-162 cr
Financing
₹-4,532 cr
Peer comparison
Passenger Cars & Utility Vehicles · by market value
CompanyPriceMarket capP/E
Maruti Suzuki India Limitedthis company₹11,869₹3.73 L cr37.8
Mahindra & Mahindra Limited₹2,908₹3.25 L cr14.9
Hyundai Motor India Limited₹2,030₹1.65 L cr34.5
Tata Motors Passenger Vehicles Limited₹277₹1.02 L cr32.9
FORCE MOTORS LTD₹17,787₹23,443 cr19.9
Olectra Greentech Limited₹1,009₹8,280 cr79.8
Mercury Ev-Tech Limited₹33₹628 cr103.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.17%
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 · 2026-09-30
No pledge
Promoter
58.7%
FII / Foreign
12.4%
DII / Domestic
25.4%
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— · NSE12 Nov 26
short— · NSE1,19629 Oct 26
short— · NSE128 Oct 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 — 114 named members
owning 58.7% between them · as of 2026-09-30
SUZUKI MOTOR CORPORATION58.72%
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
Business done with them
FY2026 · 16 of the group
The company paid ₹8 cr to companies in the promoter group last year — about 0.0% of its ₹1.83 L cr revenue and received ₹61 cr back from them.
KRISHNA MARUTI LIMITED.
Other income from them · Multiple Transactions
₹26 cr
company received
MARELLI POWERTRAIN INDIA PRIVATE LIMITED
Other income from them · Multiple Transactions
₹20 cr
company received
Suzuki Motorcycle India Private Limited
Other income from them · Multiple Transactions
₹9 cr
company received
MARELLI POWERTRAIN INDIA PRIVATE LIMITED
Other payments to them · Multiple Transactions
₹5 cr
company paid
SUZUKI R&D CENTER INDIA PRIVATE LIMITED
Other income from them · Other operating revenue / other income
₹4 cr
company received
TDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED
Other income from them · Multiple Transactions
₹3 cr
company received
KRISHNA MARUTI LIMITED.
Other payments to them · Multiple Transactions
₹82.3 L
company paid
Suzuki Philippines Inc.
Other payments to them · Multiple Transactions
₹63.4 L
company paid
ISE-SUZUKI EGG INDIA PRIVATE LIMITED
Other payments to them · Multiple Transactions
₹47 L
company paid
NEXT BHARAT VENTURES IFSC PRIVATE LIMITED
Other income from them · Other income
₹38.2 L
company received
Suzuki Gb Plc
Other payments to them · Multiple Transactions
₹28.6 L
company paid
Magyar Suzuki Corporation
Other payments to them · Multiple Transactions
₹27.9 L
company paid
Suzuki New Zealand Ltd.
Other payments to them · Sale of Goods
₹27.2 L
company paid
PT SUZUKI INDOMOBIL MOTOR
Other payments to them · Multiple Transactions
₹22.5 L
company paid
Suzuki Motorcycle India Private Limited
Other payments to them · Multiple Transactions
₹15.1 L
company paid
SUZUKI MOTOR DE MEXICO, S.A. DE C.V.
Other income from them · Multiple Transactions
₹7.1 L
company received
Suzuki Auto South Africa (Pty) Ltd
Other income from them · Multiple Transactions
₹5.1 L
company received
Suzuki Business Co., Ltd.
Other income from them · Multiple Transactions
₹2.5 L
company received
TDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED
Other payments to them · Multiple Transactions
₹0.7 L
company paid
SUZUKI R&D CENTER INDIA PRIVATE LIMITED
Other payments to them · Other operating revenue / other income
₹0.2 L
company paid
Suzuki Philippines Inc.
Other income from them · Multiple Transactions
₹0.1 L
company received
Suzuki Gb Plc
Other income from them · Multiple Transactions
₹0.1 L
company received
Suzuki Australia Pty Ltd.
Other income from them · Multiple Transactions
₹0.1 L
company received

The company also transacted with 22 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.