Maruti Suzuki India Ltd.
NSE: MARUTI · Passenger Cars & Utility Vehicles · sector
₹11,220.00NSE close 2026-10-26
Key numbers
Market cap₹3,52,757 cr
Price₹11,220.00
52w high / low₹17,370 / ₹11,125
P/E24.6xSector median 27.6x
P/B3.3xSector median 4.3x
Book value₹3,408.3
Dividend yield1.21%Sector median 1.12%
ROE14.1%Sector median 21.7%
ROCE17.3%Sector median 17.3%
OPM10.7%Sector median 12.6%
Debt / equity0.00xSector median 0.05x
EV/EBITDA15.9xSector median 14.2x
Interest cover72.5x
Current ratio1.07x
Sales growth 3y+16.0%Sector median +22.2%
Profit growth 3y+21.4%Sector median +38.8%
PEG1.24x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 8 companies in Passenger Cars & Utility Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹17,004 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 72.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 30% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹11,220.00 on 2026-10-26: -35.4% from the 52-week high, +0.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹16,809.00 · low ₹10,861.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37,449 | 38,764 | 40,920 | 38,605 | 42,344 | 49,904 | 52,462 | 52,470 |
| EBITDA | 4,999 | 5,076 | 4,844 | 4,623 | 5,086 | 5,573 | 6,158 | 4,313 |
| OPM % | 13.3% | 13.1% | 11.8% | 12.0% | 12.0% | 11.2% | 11.7% | 8.2% |
| Other income | 1,523 | 1,058 | 1,511 | 1,888 | 946 | 1,055 | 484 | 1,874 |
| Net profit | 3,102 | 3,727 | 3,911 | 3,792 | 3,349 | 3,879 | 3,659 | 3,447 |
| EPS (₹) | 98.68 | 118.54 | 124.40 | 120.62 | 106.52 | 123.38 | 116.38 | 109.63 |
| Revenue YoY | +13.1% | +28.7% | +28.2% | +35.9% | ||||
| Profit YoY | +7.9% | +4.1% | -6.4% | -9.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 88,330 | 1,17,571 | 1,41,858 | 1,52,913 | 1,83,316 | 1,97,181 |
| EBITDA | 5,868 | 11,195 | 18,526 | 20,156 | 21,456 | 21,131 |
| Net profit | 3,880 | 8,211 | 13,488 | 14,500 | 14,680 | 14,334 |
| EPS (₹) | 128.43 | 271.82 | 858.02 | 461.20 | 466.90 | 455.91 |
| Revenue growth | +33.1% | +20.7% | +7.8% | +19.9% | +26.6% | |
| Profit growth | +111.7% | +64.3% | +7.5% | +1.2% | -1.4% | |
| Dividend / share (₹) | 45.00 | 60.00 | 90.00 | 125.00 | 135.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +16.0% | +21.1% | +26.6% |
| Net profit | +21.4% | +27.3% | -1.4% |
| EPS | +19.8% | +26.3% | – |
| Share price | – | -4.1% (2y) | -31.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 61,791 | 85,636 | 96,240 | 1,07,156 |
| Borrowings | – | 1,216 | 33 | 0 | 0 |
| Cash & equivalents | – | 42 | 6,740 | 8,890 | 17,004 |
| Total assets | – | 84,597 | 1,15,353 | 1,31,972 | 1,48,881 |
| Fixed assets | – | 17,282 | 27,411 | 32,493 | 34,020 |
| Capital work in progress | – | 2,815 | 7,504 | 7,527 | 9,406 |
| Investments | – | 49,184 | 53,384 | 57,928 | 58,864 |
| Receivables | – | 3,301 | 4,597 | 6,540 | 5,342 |
| Inventory | – | 4,284 | 5,318 | 6,913 | 11,321 |
| Payables | – | 11,786 | 16,988 | 20,502 | 22,134 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,840 | 9,251 | 16,801 | 16,136 | 19,100 |
| Cash from investing | -588 | -8,036 | -11,865 | -14,456 | -14,734 |
| Cash from financing | -1,607 | -1,213 | -4,062 | -4,155 | -4,484 |
| Capex | 3,459 | 6,347 | 9,200 | 10,641 | 10,398 |
| Free cash flow | -1,619 | 2,904 | 7,601 | 5,496 | 8,702 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.3% | 15.8% | 15.1% | 13.7% |
| ROCE % | – | 16.7% | 20.3% | 20.3% | 17.8% |
| Debtor days | – | 10 | 12 | 16 | 11 |
| Inventory days | – | 18 | 19 | 23 | 31 |
| Payable days | – | 50 | 62 | 70 | 61 |
| Cash conversion cycle (days) | – | -22 | -31 | -31 | -19 |
| Working capital days | – | -26 | -9 | -2 | 5 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.72% |
| FIIs | 12.42% |
| DIIs | 25.41% |
| of which Mutual funds | 14.77% |
| of which Insurance | 8.07% |
| Government | 0.00% |
| Public (non-institutions) | 3.44% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.28% | 58.28% | 58.28% | 58.28% | 58.28% | 58.53% | 58.65% | 58.72% |
| Promoter group | % |
|---|---|
| Suzuki Motor Corporation | 58.72% |
| Suzuki Motorcycle India Private Limited | 0.00% |
| Suzuki Digital Private Limited | 0.00% |
| Suzuki R&D Center India Private Limited | 0.00% |
| Next Bharat Ventures IFSC Private Limited | 0.00% |
| J J Impex (Delhi) Limited | 0.00% |
| True Value Solutions Limited | 0.00% |
| NBV Community Private Limited | 0.00% |
| Marelli Powertrain India Private Limited | 0.00% |
| Krishna Maruti Limited | 0.00% |
| TDS Lithium-Ion Battery Gujarat Private Limited | 0.00% |
| ISE-Suzuki Egg India Private Limited | 0.00% |
| Suzuki Motor Sales HOKKAIDO INC | 0.00% |
| Suzuki Motor Sales AOMORI INC. | 0.00% |
| Suzuki Motor Sales IWATE INC. | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India - Ulif00320091 | 5.85% |
| ICICI Prudential Bharat Consumption Fund | 3.33% |
| HDFC Mutual Fund - HDFC BSE 500 ETF | 2.36% |
| SBI Equity Minimum Variance Fund | 2.11% |
| NPS Trust A/C UTI Pension Fund Limited-scheme Cent | 1.99% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Consumptio | 1.30% |
| UTI Nifty India Manufacturing Index Fund | 1.12% |
4,31,503 shareholders. Pledged: 0.00% of promoter shares.
Peers in Passenger Cars & Utility Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MARUTI | ₹3,52,757 cr | 24.6x | 3.3x | 14.1% | 17.3% | 10.7% | +16.0% | 1.21% |
| M&M | ₹3,18,948 cr | 17.3x | 3.4x | 21.7% | 15.7% | 18.5% | +32.7% | 1.06% |
| HYUNDAI | ₹1,51,783 cr | 30.6x | 7.6x | 27.3% | 31.9% | 11.2% | – | 1.12% |
| TMPV | ₹97,173 cr | – | 0.9x | 69.5% | -0.7% | 3.7% | -1.0% | 2.27% |
| FORCEMOT | ₹21,863 cr | 17.5x | 5.2x | 34.6% | 36.2% | 18.4% | – | 0.24% |
| OLECTRA | ₹7,893 cr | 44.5x | 6.4x | 15.8% | 19.7% | 14.0% | +28.5% | – |
| MERCURYEV | ₹593 cr | – | – | – | – | – | – | – |
| HINDMOTORS | ₹139 cr | 31.3x | 4.3x | -12.4% | -12.2% | – | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-07 | Dividend | Dividend - Rs 140 Per Share |
| 2025-08-01 | Dividend | Dividend - Rs 135 Per Share |
| 2024-08-02 | Dividend | Dividend - Rs 125 Per Share |
| 2023-08-03 | Dividend | Dividend - Rs 90 Per Share |
| 2022-08-03 | Dividend | Dividend - Rs 60 Per Share |
| 2021-08-05 | Dividend | Dividend - Rs 45 Per Share |
| 2020-08-13 | Dividend | Dividend - Rs 60 Per Share |
| 2019-08-14 | Dividend | Dividend - Rs 80 Per Share |
| 2018-08-14 | Dividend | Dividend Rs 80/- Per Share |
| 2017-08-24 | Dividend | Dividend - Rs 75/- Per Share |
| 2016-08-31 | Dividend | Final Dividend - Rs 35/- Per Share |
| 2015-08-26 | Dividend | Annual General Meeting / Dividend - Rs 25/- Per Share |
| 2014-08-27 | Dividend | Annual General Meeting / Dividend - Rs 12/- Per Share |
| 2014-07-31 | Other | E-Voting |
| 2013-08-13 | Dividend | Annual General Meeting / Final Dividend Rs.8/- Per Equity Share |
| 2012-08-14 | Dividend | Annual General Meeting/ Dividend Rs.7.50 Per Share |
| 2011-08-24 | Dividend | Dividend-Rs.7.50 Per Share |
| 2010-08-24 | Dividend | Annual General Meeting And Final Dividend Rs.6/- Per Share |
| 2009-08-18 | Other | Agm/Div-Rs.3.50 Per Share |
| 2008-08-14 | Dividend | Agm/Dividend - 100% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of motor vehicles: The Company is engaged in the business of manufacturing and sale of passenger and commercial vehicles. The Company’s vehicles are offered through three channels: Nexa, Arena and Commercial.
- Sale of motor vehicle parts and accessories: The Company also sells aftermarket parts and accessories under the brand name of ‘Maruti Suzuki Genuine Parts’ and ‘Maruti Suzuki Genuine Accessories’.
| Sector | Consumer Discretionary |
| Industry | Passenger Cars & Utility Vehicles |
| Sub-industry | Passenger Cars & Utility Vehicles |
| Symbol | MARUTI |
| BSE code | 532500 |
| ISIN | INE585B01010 |
| Face value | ₹5.0 |
| Incorporated | 1981-02-21 |
| Website | https://www.marutisuzuki.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.