As of 6 Nov 2026, Maruti Suzuki India trades at 29.8× trailing earnings, below the industry P/E of 33.1×, and the shares are 27% below their 52-week high. Its ROCE of 17% is the second-lowest among the 7 largest Auto Manufacturers peers, and sales and net profit grew 16% and 21% a year over 3 years. It has almost no debt, and its dividend yield is 1.1%. It is a large-cap company with a market cap of ₹4.0 lakh crore, the largest of 20 Auto Manufacturers companies by market cap; the shares fell 18% over the past year.
- ₹12,647.00
- ₹12,836.00
- ₹12,451.00
- ₹12,652.00
- 9.2 L
Health check
- ReturnsBehind
−17.7% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 29.8 vs industry 33.1.
- GrowthSteady
Sales +15.9%, profit +21.1% a year over 3 years.
- ProfitabilityWeak
ROCE 17.2% vs peer median 26.4%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
Quarterly profit down 26.4% on a year ago.
Large cap
Defensive
Key metrics
- Market cap
- ₹4.0L Cr
- Large cap
- P/E
- 29.8
- Industry 33.1
- Price to book
- 3.68
- Peers 8.38
- Dividend yield
- 1.10%
- ROE
- 12.9%
- Peers 26.0%
- ROCE
- 17.2%
- Peers 26.4%
- Debt to equity
- 0.00
- Debt ₹83 Cr
- EPS (TTM)
- ₹427.83
- Face value ₹5
- OPM (TTM)
- 10.2%
- Net margin 6.5%
- Sales growth
- +26.0%
- Latest quarter vs a year ago
- Profit growth
- −26.4%
- Latest quarter vs a year ago
- Price to sales
- 1.93
- EV/EBITDA 18.9
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 26.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 26.4% on a year ago.
About Maruti Suzuki India
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…
- Headquarters
- New Delhi
- Employees
- 25,831
- Sector
- Consumer Cyclical
- ISIN
- INE585B01010
- Website
- marutisuzuki.com
Price range
- Avg volume (3M)
- 4.2 L
- 1-year return
- minus 17.7%
- From 52-week high
- minus 26.6%
Analyst consensus
Next results expected around 28 Jan 2027
Peers · Auto Manufacturers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARUTIMaruti Suzuki India | 12,750.00 | plus 0.77% | 4,00,863 | 29.8 | 3.68 | 17.2% | 12.9% | 10.2% | 15.9% | 21.1% | 1.10% | minus 17.7% |
| M&MMahindra & Mahindra | 3,287.20 | plus 5.11% | 3,94,715 | 19.0 | 3.75 | 17.1% | 20.1% | 18.2% | 17.5% | 18.5% | 1.00% | minus 12.7% |
| BAJAJ-AUTOBajaj Auto | 10,900.00 | plus 1.32% | 2,99,536 | 23.3 | 8.21 | 26.1% | 35.6% | 21.0% | 19.5% | 21.0% | 1.38% | plus 22.9% |
| TVSMOTORTVS Motor Company | 4,491.70 | plus 0.94% | 2,13,457 | 55.8 | 18.81 | 28.8% | 37.2% | 14.5% | 20.2% | 31.4% | 0.27% | plus 28.1% |
| EICHERMOTEicher Motors | 7,669.50 | minus 0.56% | 2,10,544 | 36.5 | 8.38 | 26.4% | 23.8% | 25.2% | 17.5% | 23.7% | 1.07% | plus 11.3% |
| HYUNDAIHyundai Motor India | 2,130.00 | plus 0.42% | 1,73,071 | 37.8 | 8.50 | 32.6% | 24.1% | 10.3% | 5.5% | 4.9% | 0.99% | minus 11.4% |
| TMCVTata Motors | 425.50 | minus 0.83% | 1,56,704 | 24.8 | 10.26 | 25.5% | 26.0% | 10.4% | – | – | 0.94% | plus 29.2% |
| HEROMOTOCOHero MotoCorp | 5,513.00 | minus 0.02% | 1,10,349 | 18.4 | 4.71 | 31.9% | 26.9% | 14.0% | 11.7% | 26.9% | 3.36% | plus 3.9% |
| Median of 7 peers | – | 0.42% | 2,10,544 | 24.8 | 8.38 | 26.4% | 26.0% | 14.5% | 17.5% | 22.4% | 1.00% | 11.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | 41,649 | 47,537 | 51,568 | 51,708 | 52,492 | |
| – | 38,266 | 41,964 | 45,409 | 47,395 | 47,728 | |
| 4,623 | 3,383 | 5,573 | 6,158 | 4,313 | 4,764 | |
| – | 8.1% | 11.7% | 11.9% | 8.3% | 9.1% | |
| 1,924 | – | 1,141 | 581 | 1,972 | 483 | |
| 46.8 | – | 61.7 | 73 | 63.5 | 67.7 | |
| 1,556 | – | 1,735 | 1,748 | 1,780 | 1,960 | |
| 4,944 | – | 4,917 | 4,918 | 4,441 | 3,219 | |
| 23.3% | – | 21.1% | 25.6% | 22.4% | 23.4% | |
| 3,792 | – | 3,879 | 3,659 | 3,447 | 2,466 | |
| 120.62 | – | 123.38 | 116.38 | 109.63 | 78.44 |
Profit & loss
- Sales CAGR 3Y
- +15.9%
- Profit CAGR 3Y
- +21.1%
- EPS CAGR 3Y
- +21.1%
- ROE
- 12.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,13,765 | 1,36,484 | 1,47,469 | 1,77,094 | |
| – | +20.0% | +8.0% | +20.1% | |
| 1,00,656 | 1,17,822 | 1,27,245 | 1,55,564 | |
| 13,109 | 18,661 | 20,224 | 21,530 | |
| 11.5% | 13.7% | 13.7% | 12.2% | |
| 546 | 622 | 737 | 902 | |
| 252 | 194 | 194 | 239 | |
| 4,846 | 5,256 | 5,608 | 6,742 | |
| 1,882 | 3,591 | 4,462 | 3,667 | |
| 10,438 | 17,425 | 19,620 | 19,119 | |
| 20.8% | 22.6% | 26.1% | 23.2% | |
| 8,264 | 13,488 | 14,500 | 14,680 | |
| – | +63.2% | +7.5% | +1.2% | |
| 262.84 | 429.01 | 461.20 | 466.90 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 157 | 157 | 157 | 157 | |
| 74,443 | 85,479 | 96,083 | 1,06,999 | |
| 1,248 | 119 | 87 | 103 | |
| 24,538 | 29,596 | 34,689 | 41,622 | |
| 1,00,385 | 1,15,351 | 1,31,016 | 1,48,881 | |
| 32,136 | 36,321 | 41,349 | 44,763 | |
| 4,743 | 8,910 | 8,857 | 10,743 | |
| 45,853 | 49,408 | 53,596 | 56,299 | |
| 4,154 | 9,200 | 11,521 | 17,325 | |
| 13,500 | 11,513 | 15,693 | 19,751 | |
| 1,00,385 | 1,15,351 | 1,31,016 | 1,48,881 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10,815 | 16,801 | 16,180 | 19,100 | |
| −8,821 | −11,865 | −14,500 | −14,734 | |
| −1,214 | −4,062 | −4,155 | −4,484 | |
| 780 | 874 | −2,475 | −118 | |
| −8,065 | −9,200 | −10,621 | −10,398 | |
| 2,750 | 7,601 | 5,559 | 8,702 | |
| −1,813 | −2,719 | −3,930 | −4,244 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 31.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.