Maruti Suzuki India Limited

₹12,815As of Sun 8 Nov 2026, 12:00 UTC

NSE:MARUTIConsumer Disc

Country India

PE (Fwd) •••

TSR 10Y CAGR 9.07%

Div yield 1.09%

ROE 12.89%

Auto Manufacturers

Beta (5Y) 0.26

PE TTM 29.95

TSR TTM (20.03%)

Mkt cap ₹4.029T

ROIC 10.97%

SE Grade™

Value

Quality

Moat

Consensus

Reference

₹15,666

22.25%

(78.98%)

Hold 3|1|6|9|3

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

601.6

Revenue₹B

557.7

572.1

598.4

620.3

636.4

637.5

641.4

666.3

677.0

706.6

668.3

2.11%

2.63%

28.27

Revenue growth%

12.62

10.67

10.40

8.01

7.61

7.81

9.11

11.51

14.24

12.51

27.26

11.51

10.54

15.60

Gross margin%

8.22

8.32

5.63

4.42

1.62

2.36

4.41

6.93

5.79

8.58

5.94

5.79

5.71

5.39

Operating margin%

20.76

22.55

19.67

21.35

20.85

20.97

20.83

20.56

19.56

19.82

22.18

20.56

20.80

9.32

Net margin%

5.05

4.05

5.95

5.19

3.85

3.72

4.92

6.15

5.78

4.23

7.76

4.92

4.98

18.80

P/E ratio (avg)x

15.02

13.80

14.89

14.45

15.19

14.34

13.26

13.43

14.27

13.96

18.22

13.96

14.30

28.66

EV/EBITx

8.511

8.086

8.457

8.661

7.985

8.204

8.897

9.748

10.37

11.08

26.54

9.748

8.586

27.57

FCF yield (avg)%

17.39

14.90

14.10

12.45

13.43

14.29

14.23

15.72

16.88

15.69

25.75

15.69

14.60

24.77

FCF margin%

7.27

9.12

10.80

13.18

11.82

9.55

7.02

5.61

4.89

5.14

10.98

5.61

8.20

0.843

FCF / Net incomex

2.643

3.042

3.450

3.964

4.651

5.089

5.302

5.484

5.768

5.752

1.206

5.484

4.870

5.83

ROIC%

31.81

31.50

29.86

30.15

32.14

34.62

35.11

36.20

36.55

38.39

15.46

36.20

33.38

25.85

Return on equity%

11.18

9.90

7.14

8.33

7.80

5.47

4.14

5.90

4.21

6.51

24.62

5.47

6.83

19.78

Return on assets%

4.63

6.26

5.65

7.61

6.25

3.43

2.35

2.30

4.66

4.13

28.45

3.43

4.64

1,699

EPS₹

421.37

380.49

342.20

348.13

362.82

374.39

351.87

342.64

311.40

298.20

1,767

(3.85%)

(4.19%)

—

20.72

EPS growth%

11.21

11.54

8.96

10.29

12.87

15.53

15.15

15.43

13.13

10.83

27.89

15.15

12.20

545.18

Bookvalue per sh₹

645.10

608.95

543.31

552.99

502.35

507.38

496.03

446.40

452.75

412.25

744.11

(3.88%)

(3.66%)

—

1,584

FCF per share₹

2,847

3,078

3,514

3,538

3,689

3,879

3,873

3,935

3,785

4,454

266.17

3.84%

4.18%

—

845.14

Dividend per sh₹

1,853

1,988

2,002

1,788

1,833

1,756

1,819

1,906

1,756

1,948

1,687

1.22%

0.13%

—

9.07

Div yield (avg)%

3.63

1.69

2.91

4.21

4.22

1.40

2.90

1.01

3.96

5.41

8.19

2.90

3.27

11.83

Payout ratio%

32.03

31.94

30.46

28.03

26.30

24.29

24.81

22.71

25.30

22.37

12.21

24.29

25.80

322.0

Shares (diluted)M

373.4

410.4

383.2

385.0

404.4

383.3

407.3

401.1

416.6

468.5

308.0

2.99%

3.40%

26.88

Buyback yield%

1.71

0.40

0.80

1.91

0.61

0.40

3.29

4.17

5.44

8.29

10.24

4.17

1.81

0.217

D/E ratiox

2.321

2.498

2.955

3.192

3.383

3.966

4.131

4.657

5.194

6.090

1.670

4.657

3.674

624.7

Enterprise value₹B

361.3

419.0

408.4

455.0

459.6

531.0

575.1

602.3

625.6

724.4

92.28

9.53%

7.29%

258.9

LT debt₹B

667.3

723.2

697.2

816.2

900.3

840.1

882.7

849.6

820.2

941.9

330.5

0.91%

3.57%

Peers (US$42.69B)

Cap (US$)

Mahindra & Mahindra…

42.04B

19.03x

Bajaj Auto Limited

31.90B

23.24x

TVS Motor Company…

22.69B

55.76x

Mercedes-Benz Group AG

42.81B

7.292x

Capital

TTM

10Y

Leveragex

0.726

0.096

EBIT/Intx

0.855

0.319

0.340

Own earn%

4.78

(46.31)

(31.99)

Sh yield%

35.96

6.19

5.26

Owners

Insiders/Inst%

8.19

59.70

Short interest%

4.25

SBC / revenue%

2.39

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

20–23

$1 testx

—

Incr. ROIC%

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.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₹706.6B

2.63%

1.00×

Cost of revenue

₹361.3B

2.83%

1.02×

Operating expenses

₹139.6B

2.19%

0.96×