āagman

Not investment advice. Data and computed figures, for information only.

Maruti Suzuki India Ltd

NSE: MARUTIF&O
₹11,445.00
+₹267.00 (+2.39%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,59,048 Cr
CMP
₹11,445.00
52-wk High / Low
₹17,370 / 11,125
P/E
25.0
P/B
3.4
Book Value
₹3,408.0
Div Yield
1.23%
ROCE
19.0%
ROE
14.3%
Face Value
₹5
D/E
0.00

Price−29.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹5,983
√(22.5 × EPS × book value per share)
ROIC
10.6%
vs 11.5% sector median
Cash flow to profit
1.30
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−376
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
9.9%
ROE × earnings retention ratio
ROE stability
3.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.12FII −1.30DII +1.00
Latest quarter vs the previous one
Cash-accrual divergence
−3.2%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 55.8% since FY2016 (231 to 102)
+Annualised volatility of 23.8% is in the low band (≤25%)
+Promoter holding rose by 2.2pp over the last year
+PE of 25x is below the sector median of 35.7x
Watch-outs
−Price trades below its 200-day moving average (0.8x)
−Price is 34.1% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales32,53537,33933,51338,47135,77937,44938,76440,92038,60542,34449,90452,46252,470
Expenses29,01532,02829,07333,25030,67332,45033,68836,07633,98337,25844,33146,30448,156
Operating Profit3,5205,3124,4405,2215,1074,9995,0764,8444,6235,0865,5736,1584,313
OPM %10.8%14.2%13.2%13.6%14.3%13.3%13.1%11.8%12.0%12.0%11.2%11.7%8.2%
Other Income1,1109581,0531,2611,1181,5701,1251,5831,9241,0141,1405811,972
Interest46353676574346484757627364
Depreciation1,3141,3421,3021,2981,3321,3861,4291,4621,5561,7031,7351,7481,780
Profit before tax3,2694,8924,1565,1084,8365,1414,7264,9184,9444,3394,9174,9184,441
Net Profit2,5433,7863,2073,9523,7603,1023,7273,9113,7923,3493,8793,6593,447
EPS (₹)84.18125.34102.00125.71119.5898.68118.54124.40120.62106.52123.38116.38109.63

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales50,80157,58968,08579,80986,06875,66070,37288,3301,18,4101,41,8581,52,9131,83,3161,97,181
Expenses43,90948,56557,66467,69275,01268,30564,96182,5781,05,2881,23,2321,32,6891,61,7861,76,050
Operating Profit6,8929,02410,42112,11811,0567,3555,4115,75213,12218,62620,22421,53021,131
OPM %13.6%15.7%15.3%15.2%12.8%9.7%7.7%6.5%11.1%13.1%13.2%11.7%10.7%
Other Income8171,4642,3992,1552,6643,4103,0461,8612,4154,2485,1994,5694,707
Interest218828934676134102127252194194239255
Depreciation2,5152,8222,6042,7603,0213,5283,0342,7894,8465,2565,6086,7426,966
Profit before tax4,9767,58510,12711,16710,6247,1035,3214,69710,43817,42419,62019,11818,616
Net Profit3,8095,4977,5117,8817,6515,6784,3893,8808,26413,48814,50014,68014,334
EPS (₹)126.04181.98248.61260.86253.21187.90145.30128.43273.56429.01461.20466.90455.91

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital151151151151151151151151157157157157—
Reserves24,16730,46536,92442,40846,94149,26252,35055,18274,44385,47996,0831,06,999—
Borrowings6662314841211601845414261,24811987102—
Other Liabilities9,49211,87914,40217,56816,71714,03118,33518,89624,25829,55034,68941,622—
Total Liabilities34,47742,72651,96060,24863,96963,62871,37674,6561,00,1061,15,3041,31,0161,48,880—
Fixed Assets12,49012,53013,31113,38915,43715,74414,98913,74727,94127,86532,98334,523—
CWIP1,8901,0071,2522,1321,6071,4151,4972,9364,1437,7357,9299,838—
Investments13,29820,67629,15136,12337,50437,48842,94542,03549,18457,29666,26576,838—
Other Assets6,8008,5138,2478,6049,4218,98011,94615,93718,83722,40823,83927,680—
Total Assets34,47742,72651,96060,24863,96963,62871,37674,6561,00,1061,15,3041,31,0161,48,880—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4,9956,4498,48210,28211,7886,6013,4968,8561,84010,81516,80116,18019,100
Cash from Investing Activity−4,997−4,491−7,230−9,173−8,302−3,540−557−7,291−239−8,820−11,865−14,500−14,734
Cash from Financing Activity−74−2,004−1,237−1,129−3,436−2,948−3,104−1,545−1,607−1,214−4,062−4,155−4,484
Net Cash Flow−76−4516−2050113−16520−6780874−2,475−118

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.019.023.024.024.019.09.011.06.016.022.022.019.0
ROE %————————————14.3
EPS (₹)94.44126.04181.98248.61260.86253.21187.90145.30128.43273.56429.01461.20466.90
Book Value (₹)————————————3,408.0
Face Value (₹)————————————5
P/E————————————25.0
Div Yield %————————————1.23
NPM %—7.49.310.79.68.67.26.04.36.89.29.27.8
OPM %12.014.016.015.015.013.010.08.07.011.013.013.012.0
D/E—0.030.010.010.000.000.000.010.010.020.000.000.00
P/B————————————3.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+12.0%
5 years+21.0%
3 years+16.0%
TTM+27.0%
Compounded profit growth
10 years+12.0%
5 years+27.0%
3 years+21.0%
TTM−1.0%
Stock price CAGR
10 years+7.0%
5 years+8.0%
3 years+3.0%
Last year−30.0%
Return on equity
10 years13.0%
5 years14.0%
3 years16.0%
Last year14.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.21%56.21%56.21%56.21%56.28%56.37%56.37%56.48%58.19%58.28%58.53%58.65%
FIIs24.55%24.55%25.19%22.30%21.63%23.11%22.57%21.11%19.64%14.96%14.12%12.82%
DIIs12.27%12.27%11.46%13.41%16.69%15.08%16.25%18.57%18.86%23.56%24.09%25.09%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.06%0.08%0.08%0.08%
Public6.98%6.98%7.15%8.09%5.40%5.44%4.81%3.78%3.24%3.12%3.18%3.35%
No. of shareholders1,75,0761,75,0762,83,7384,38,6994,06,1004,61,3794,31,8894,15,1273,64,3753,78,8934,00,8604,11,238
Change since Jun 2023 (pp)
Promoters +2.44FIIs −11.73DIIs +12.82Public −3.63

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for Considering The Unaudited Financial Results For The Quarter Ended On 30Th September 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMaruti Suzuki Production Volume: September 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseIntimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingMar 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 7 Aug 2026
7 Aug 2026DIVIDENDDividend - Rs 140 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 135 Per Share—
2 Aug 2024DIVIDENDDividend - Rs 125 Per Share—
3 Aug 2023DIVIDENDDividend - Rs 90 Per Share—
3 Aug 2022DIVIDENDDividend - Rs 60 Per Share—
5 Aug 2021DIVIDEND Dividend - Rs 45 Per Share—
13 Aug 2020DIVIDEND Dividend - Rs 60 Per Share—
14 Aug 2019DIVIDEND Dividend - Rs 80 Per Share—
14 Aug 2018DIVIDEND Dividend Rs 80/- Per Share—
24 Aug 2017DIVIDEND Dividend - Rs 75/- Per Share—
31 Aug 2016DIVIDEND Final Dividend - Rs 35/- Per Share—
26 Aug 2015DIVIDENDAnnual General Meeting / Dividend - Rs 25/- Per Share—
27 Aug 2014DIVIDENDAnnual General Meeting / Dividend - Rs 12/- Per Share—
13 Aug 2013DIVIDENDAnnual General Meeting / Final Dividend Rs.8/- Per Equity Share—
14 Aug 2012DIVIDENDAnnual General Meeting/ Dividend Rs.7.50 Per Share—
24 Aug 2011DIVIDENDDividend-Rs.7.50 Per Share—
24 Aug 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.6/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman