MARUTI · NSE
Maruti Suzuki India Limited
₹12,103
-1.90% (-₹235)
Prev. close
₹12,338
Volume
6,59,773
Delivery %
65.3%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
9 analyst stances · last 90 days · one per analyst
Trackable
7 · 6 bull / 1 neutral / 0 bear
Long-Horizon
none in window
Commentary
2 · 1 bull / 0 neutral / 1 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Maruti Suzuki, identifying it as a top passenger vehicle pick. The company is expected to benefit from market…” | Jay KaleElara Capital | Maruti Suzuki | PENDING | |
| “Overweight rating on Maruti Suzuki India, which has underperformed the MSCI India index by 9% over the last 12 months wi…” | Morgan Stanley AnalysisMorgan Stanley India | Maruti Suzuki | PENDING | |
| “Bullish on consumer discretionary spending themes, expecting this trend to persist for six to eight quarters. This is su…” | Harendra KumarElara Capital | Maruti Suzuki | PENDING | |
| “Maintains an Overweight rating on Maruti Suzuki, lowering its target price to ₹16,381, implying a 15% upside. Believes F…” | Morgan Stanley AnalysisMorgan Stanley India | Maruti Suzuki | PENDING | |
| “Reiterates a Buy rating on Maruti Suzuki with a target price of ₹17,064, implying a 20% upside. Expects the company to o…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Maruti Suzuki | PENDING | |
| “Maintains a Neutral rating on Maruti Suzuki with a target price of ₹14,071. While positive on demand, margin risks persi…” | Nomura AnalysisNomura Global Markets Research | Maruti Suzuki | PENDING | |
| “Bullish on Maruti Suzuki with a target price of Rs 15,280, which translates into an upside of 11% over its current marke…” | InCred Equities AnalysisInCred Equities | Maruti Suzuki | NOT GRADED | |
| “Bullish on Maruti Suzuki India for the next 1-2 weeks, recommending a buy between ₹14,100 and ₹14,400 with a stop loss a…” | Jigar S. PatelAnand Rathi Share and Stock Brokers | Maruti Suzuki | MISS | |
| “Upgraded Maruti Suzuki to 'Buy' from 'Hold', raising the price target to ₹16,500, implying over 22% upside. The outlook …” | Jefferies AnalysisJefferies | Maruti Suzuki | PENDING |
Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Motilal Oswal cut Maruti Suzuki's FY27 EPS estimate by 7.5% to ₹484.4 from ₹523.9, reflecting a more cautious short-term…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Maruti Suzuki | PENDING | |
| “Maruti Suzuki is expected to report significant revenue growth of 37% in Q1FY27, driven by strong domestic passenger veh…” | Nuvama AnalysisNuvama Alternative & Quantitative Research | Maruti Suzuki | NOT GRADED |
Fundamentals
About Maruti Suzuki India Limited
Maruti Suzuki India Limited manufactures and sells motor vehicles, parts, and accessories in India. The company offers passenger and commercial vehicles, including hatchbacks, sedans, SUVs, MPVs, and vans, as well as light commercial vehicles. It is also involved in the facilitation of pre-owned car sales, fleet management, and car financing activities. In addition, the company offers driving school, insurance, accessories, and financing products and services. It also exports its products to South Africa, Saudi Arabia, Chile, Japan, Mexico, and internationally. The company was formerly known as Maruti Udyog Limited and changed its name to Maruti Suzuki India Limited in September 2007. The company was incorporated in 1981 and is headquartered in New Delhi, India. Maruti Suzuki India Limited operates as a subsidiary of Suzuki Motor Corporation.
Details
Sector
Consumer Cyclical
Industry
Auto Manufacturers
CEO
Mr. Hisashi Takeuchi
Headquarters
New Delhi
Employees
25,831
Website
marutisuzuki.comExchange
View on NSE ↗Key stats
Market cap
₹3.88 L Cr
P/E ratio (TTM)
27.0
Dividend yield
1.15%
EPS (TTM)
₹456.22
Beta (1Y · daily vs NIFTY 50)
1.08
Beta (5Y · monthly vs NIFTY 50)
0.67
Shares float
11.63 Cr
EPS · quarter ended Jun 2026
₹109.63
Upcoming earnings
29 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹70,372.00 Cr | ₹88,329.80 Cr | ₹1.18 L Cr | ₹1.42 L Cr | ₹1.53 L Cr | ₹1.83 L Cr | |
| EBITDA | ₹8,287.90 Cr | ₹7,612.80 Cr | ₹15,536.50 Cr | ₹22,873.90 Cr | ₹25,422.40 Cr | ₹26,098.90 Cr |
| ₹4,389.10 Cr | ₹3,879.50 Cr | ₹8,211.00 Cr | ₹13,488.20 Cr | ₹14,500.20 Cr | ₹14,679.50 Cr | |
| Diluted EPS | ₹145.3 | ₹62.1 | ₹262.84 | ₹429.01 | ₹461.2 | ₹466.9 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹71,376.10 Cr | ₹74,655.50 Cr | ₹84,596.90 Cr | ₹1.15 L Cr | ₹1.31 L Cr | ₹1.49 L Cr | |
| ₹538.20 Cr | ₹455.70 Cr | ₹1,247.30 Cr | ₹118.60 Cr | ₹87.00 Cr | ₹102.50 Cr | |
| Stockholders' equity | ₹52,500.60 Cr | ₹55,333.50 Cr | ₹61,791.30 Cr | ₹85,636.00 Cr | ₹96,240.00 Cr | ₹1.07 L Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹8,687.20 Cr | ₹1,840.50 Cr | ₹10,815.00 Cr | ₹16,801.00 Cr | ₹16,180.00 Cr | ₹19,100.00 Cr | |
| Investing cash flow | ₹-7,291.30 Cr | ₹-588.20 Cr | ₹-8,820.50 Cr | ₹-11,864.80 Cr | ₹-14,456.10 Cr | ₹-14,733.50 Cr |
| ₹-1,544.90 Cr | ₹-1,607.00 Cr | ₹-1,214.00 Cr | ₹-4,062.00 Cr | ₹-4,155.00 Cr | ₹-4,484.00 Cr | |
| Capital expenditure | ₹-2,370.30 Cr | ₹-3,459.30 Cr | ₹-8,064.80 Cr | ₹-9,199.90 Cr | ₹-10,640.60 Cr | ₹-10,397.60 Cr |
| End cash position | — | — | ₹1,785.20 Cr | ₹2,659.50 Cr | ₹184.50 Cr | ₹66.90 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Dec 22(6Q) | Mar 23–Sep 23(3Q) | Nov 23–Sep 24(5Q) | Dec 24–Dec 25(5Q) | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|
| Promoter | 56.37% | 56.48% | 58.19% | 58.28% | 58.53% | 58.65% |
| Public | 43.63% | 43.52% | 41.81% | 41.72% | 41.47% | 41.35% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| Bosch Limited | ₹1.41 L Cr | ₹47,000 | 59.7 | 9.48 | 18.7% | 0.01 | +10.8% | +17.8% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 28
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
74 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Maruti Suzuki moves 10 lakh cars by rail in three years, targets 35% share by FY31
Moneycontrol.com · 12 hours ago
Radio Advertising gains 1.2% in Jan–Jul 2026; Maruti Suzuki India tops Advertisers: TAM AdEx Report
Radio advertising volumes in India increased by 1.2% from January to July 2026 compared to the previous year. Maruti Suzuki India was the top advertiser during this period, with the Services sector leading overall ad volumes. Properties/Real Estate remained the top category, showing 20% growth.