Maruti Suzuki India Ltd.
NSE: MARUTI · Automobile and Auto Components
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Instant answers about Maruti Suzuki India Ltd. — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | 75,660 | 70,372 | 88,330 | 1,17,571 | 1,41,858 | 1,52,913 | 1,83,316 |
| EBITDA | 7,313 | 5,352 | 5,706 | 11,018 | 18,526 | 20,156 | 21,456 |
| Operating margin | 9.7% | 7.6% | 6.5% | 9.4% | 13.1% | 13.2% | 11.7% |
| Interest | 134 | 102 | 127 | 187 | 194 | 194 | 239 |
| Depreciation | 3,528 | 3,034 | 2,789 | 2,826 | 5,256 | 5,608 | 6,742 |
| Profit before tax | 6,984 | 5,152 | 4,697 | 10,323 | 17,170 | 19,376 | 18,833 |
| Tax | 1,425 | 932 | 818 | 2,112 | 3,936 | 5,120 | 4,439 |
| Net profit | 5,676 | 4,389 | 3,880 | 8,211 | 13,488 | 14,500 | 14,680 |
| EPS ₹ | 187.95 | 145.30 | 128.43 | 271.82 | 858.02 | 461.20 | 466.90 |
| Operating cash flow | — | — | 1,840 | 9,251 | 16,801 | 16,136 | 19,100 |
| Capex | — | — | 3,459 | 6,347 | 9,200 | 10,641 | 10,398 |
| Dividend paid | — | — | 1,359 | 1,812 | 2,719 | 3,930 | 4,244 |
| Total assets | 63,628 | 71,376 | 74,656 | 84,597 | 1,15,353 | 1,31,972 | 1,48,881 |
| Equity | 49,413 | 52,501 | 55,334 | 61,791 | 85,636 | 96,240 | 1,07,156 |
Quarterly performance
last 28 quarters · ₹ crore| DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20,722 | 18,208 | 4,111 | 18,756 | 23,471 | 24,034 | 17,776 | 20,551 | 23,253 | 26,749 | 26,512 | 29,942 | 29,058 | 32,060 | 32,338 | 37,073 | 33,513 | 38,471 | 35,779 | 37,449 | 38,764 | 40,920 | 38,605 | 42,344 | 49,904 | 52,462 | 52,470 | 53,356 |
| Operating profit | 2,105 | 1,548 | -865 | 1,936 | 2,228 | 1,995 | 819 | 857 | 1,562 | 2,429 | 1,915 | 2,771 | 2,837 | 3,352 | 2,985 | 4,790 | 4,440 | 5,221 | 5,107 | 4,999 | 5,076 | 4,844 | 4,623 | 5,086 | 5,573 | 6,158 | 4,313 | 4,764 |
| Operating margin | 10.2% | 8.5% | -21.0% | 10.3% | 9.5% | 8.3% | 4.6% | 4.2% | 6.7% | 9.1% | 7.2% | 9.3% | 9.8% | 10.5% | 9.2% | 12.9% | 13.2% | 13.6% | 14.3% | 13.3% | 13.1% | 11.8% | 12.0% | 12.0% | 11.2% | 11.7% | 8.2% | 8.9% |
| Other income | 784 | 880 | 1,318 | 592 | 994 | 90 | 508 | 506 | 328 | 443 | 81 | 599 | 861 | 743 | 978 | 829 | 996 | 1,184 | 1,060 | 1,523 | 1,058 | 1,511 | 1,888 | 946 | 1,055 | 484 | 1,874 | 414 |
| Interest | 22 | 29 | 18 | 23 | 29 | 33 | 22 | 23 | 25 | 56 | 28 | 31 | 30 | 99 | 46 | 35 | 36 | 76 | 57 | 43 | 46 | 48 | 47 | 57 | 62 | 73 | 64 | 68 |
| Depreciation | 859 | 824 | 784 | 766 | 742 | 742 | 744 | 757 | 641 | 648 | 652 | 723 | 711 | 740 | 748 | 794 | 1,302 | 1,298 | 1,332 | 1,386 | 1,429 | 1,462 | 1,556 | 1,703 | 1,735 | 1,748 | 1,780 | 1,960 |
| Profit before tax | 2,008 | 1,576 | -348 | 1,740 | 2,451 | 1,310 | 561 | 610 | 1,224 | 2,239 | 1,316 | 2,616 | 2,958 | 3,304 | 3,169 | 4,790 | 4,099 | 5,030 | 4,778 | 5,093 | 4,659 | 4,846 | 4,908 | 4,272 | 4,832 | 4,821 | 4,344 | 3,150 |
| Tax | 439 | 296 | -101 | 377 | 514 | 142 | 122 | 123 | 210 | 364 | 311 | 566 | 602 | 633 | 706 | 1,084 | 949 | 1,155 | 1,076 | 2,038 | 999 | 1,007 | 1,151 | 990 | 1,038 | 1,259 | 994 | 753 |
| Net profit | 1,587 | 1,322 | -267 | 1,420 | 1,997 | 1,241 | 475 | 487 | 1,042 | 1,876 | 1,036 | 212 | 2,392 | 2,671 | 2,525 | 3,764 | 3,207 | 3,952 | 3,760 | 3,102 | 0 | 3,911 | 3,792 | 3,349 | 3,879 | 3,659 | 3,447 | 2,466 |
| EPS ₹ | 52.55 | 43.77 | -8.88 | 46.99 | 66.10 | 41.09 | 15.72 | 16.12 | 34.49 | 62.10 | 34.30 | 69.93 | 79.17 | 88.41 | 83.59 | 124.61 | 102.00 | 251.42 | 119.58 | 98.68 | 118.54 | 124.40 | 120.62 | 106.52 | 123.38 | 116.38 | 109.63 | 78.44 |
| Revenue YoY | — | — | — | — | 13.3% | 32.0% | 332.5% | 9.6% | -0.9% | 11.3% | 49.1% | 45.7% | 25.0% | 19.9% | 22.0% | 23.8% | 15.3% | 20.0% | 10.6% | 1.0% | 15.7% | 6.4% | 7.9% | 13.1% | 28.7% | 28.2% | 35.9% | 26.0% |
| Profit YoY | — | — | — | — | 25.8% | -6.1% | — | -65.7% | -47.8% | 51.1% | 118.1% | -56.4% | 129.6% | 42.4% | 143.7% | 1671.4% | 34.1% | 48.0% | 48.9% | -17.6% | -100.0% | -1.0% | 0.9% | 7.9% | — | -6.4% | -9.1% | -26.4% |
Earlier results (standalone, Sep '07 – Sep '19)
₹ crore · from BSE, before the NSE XBRL filings beginMaruti Suzuki India Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | FY19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20,806 | 29,623 | 36,965 | 35,970 | 43,588 | 43,701 | 49,874 | 57,746 | 75,148 | 81,994 | 86,020 |
| Operating profit | 1,725 | 3,954 | 3,664 | 2,584 | 4,186 | 5,090 | 6,606 | 8,979 | 10,303 | 12,062 | 10,977 |
| Operating margin | 8.3% | 13.3% | 9.9% | 7.2% | 9.6% | 11.6% | 13.2% | 15.5% | 13.7% | 14.7% | 12.8% |
| Other income | 708 | 497 | 482 | 755 | 856 | 829 | 939 | 462 | 2,333 | 2,046 | 2,583 |
| Interest | 51 | 34 | 24 | 55 | 190 | 176 | 206 | 82 | 89 | 346 | 76 |
| Depreciation | 707 | 825 | 1,014 | 1,138 | 1,861 | 2,084 | 2,470 | 2,824 | 2,605 | 2,758 | 3,019 |
| Profit before tax | 1,676 | 3,593 | 3,109 | 2,146 | 2,991 | 3,659 | 4,868 | 6,535 | 9,941 | 11,003 | 10,466 |
| Tax | 457 | 1,095 | 820 | 511 | 599 | 876 | 1,157 | 1,964 | 2,604 | 3,282 | 2,965 |
| Net profit | 1,219 | 2,498 | 2,289 | 1,635 | 2,392 | 2,783 | 3,711 | 4,571 | 7,338 | 7,722 | 7,501 |
Quarters
| SEP '07† | DEC '07† | MAR '08† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | MAR '11† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | MAR '18† | JUN '18† | SEP '18† | DEC '18† | MAR '19† | JUN '19† | SEP '19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,547 | 4,674 | 4,763 | 4,754 | 4,994 | 4,626 | 6,433 | 6,493 | 7,203 | 7,503 | 8,425 | 8,232 | 9,147 | 9,494 | 10,092 | 8,529 | 7,832 | 7,882 | 11,727 | 10,778 | 8,305 | 11,200 | 13,304 | 10,237 | 10,468 | 10,894 | 12,101 | 11,370 | 12,304 | 12,576 | 13,625 | 13,425 | 13,934 | 15,082 | 15,306 | 14,927 | 20,297 | 19,173 | 20,751 | 19,777 | 21,768 | 19,283 | 21,166 | 22,459 | 22,433 | 19,668 | 21,459 | 19,720 | 16,985 |
| Operating profit | 598 | 613 | 456 | 464 | 516 | 297 | 449 | 793 | 916 | 1,134 | 1,111 | 793 | 960 | 902 | 1,010 | 814 | 494 | 417 | 858 | 786 | 509 | 891 | 2,000 | 1,166 | 1,321 | 1,355 | 1,248 | 1,328 | 1,521 | 1,593 | 2,164 | 2,189 | 2,269 | 2,170 | 2,350 | 2,216 | 3,037 | 2,489 | 2,561 | 2,331 | 3,678 | 3,038 | 3,015 | 3,351 | 3,431 | 1,931 | 2,263 | 2,048 | 1,606 |
| Operating margin | 13.1% | 13.1% | 9.6% | 9.8% | 10.3% | 6.4% | 7.0% | 12.2% | 12.7% | 15.1% | 13.2% | 9.6% | 10.5% | 9.5% | 10.0% | 9.5% | 6.3% | 5.3% | 7.3% | 7.3% | 6.1% | 8.0% | 15.0% | 11.4% | 12.6% | 12.4% | 10.3% | 11.7% | 12.4% | 12.7% | 15.9% | 16.3% | 16.3% | 14.4% | 15.4% | 14.8% | 15.0% | 13.0% | 12.3% | 11.8% | 16.9% | 15.8% | 14.2% | 14.9% | 15.3% | 9.8% | 10.5% | 10.4% | 9.5% |
| Other income | 188 | 171 | 307 | 329 | 96 | 178 | 105 | 217 | 110 | 91 | 79 | 100 | 134 | 128 | 120 | 180 | 118 | 160 | 297 | 112 | 156 | 189 | 399 | 204 | 101 | 117 | 407 | 297 | 193 | 129 | 320 | 172 | 137 | 32 | 121 | 483 | 813 | 592 | 445 | 683 | 523 | 245 | 595 | 272 | 527 | 917 | 868 | 836 | 920 |
| Interest | 14 | 14 | 16 | 17 | 21 | 5 | 9 | 6 | 6 | 8 | 13 | 8 | 10 | 0 | 6 | 6 | 11 | 17 | 21 | 33 | 38 | 46 | 73 | 44 | 43 | 45 | 43 | 39 | 35 | 30 | 103 | 19 | 18 | 24 | 20 | 18 | 20 | 29 | 23 | 31 | 15 | 26 | 273 | 21 | 26 | 21 | 9 | 55 | 28 |
| Depreciation | 88 | 87 | 311 | 166 | 166 | 177 | 197 | 196 | 203 | 203 | 223 | 242 | 238 | 237 | 297 | 242 | 266 | 299 | 331 | 340 | 347 | 358 | 816 | 480 | 499 | 541 | 564 | 584 | 599 | 628 | 660 | 672 | 669 | 722 | 761 | 639 | 630 | 635 | 701 | 684 | 682 | 689 | 702 | 720 | 721 | 768 | 810 | 919 | 926 |
| Profit before tax | 684 | 683 | 435 | 610 | 425 | 292 | 349 | 807 | 817 | 1,014 | 954 | 643 | 846 | 793 | 827 | 746 | 335 | 261 | 804 | 526 | 280 | 676 | 1,510 | 846 | 880 | 886 | 1,047 | 1,003 | 1,080 | 1,064 | 1,722 | 1,671 | 1,719 | 1,455 | 1,690 | 2,042 | 3,200 | 2,417 | 2,282 | 2,299 | 3,503 | 2,567 | 2,634 | 2,882 | 3,211 | 2,060 | 2,312 | 1,911 | 1,572 |
| Tax | 218 | 216 | 138 | 144 | 129 | 79 | 106 | 224 | 247 | 326 | 298 | 178 | 248 | 228 | 167 | 197 | 94 | 56 | 164 | 102 | 52 | 174 | 270 | 214 | 210 | 204 | 247 | 240 | 218 | 262 | 437 | 478 | 494 | 436 | 556 | 556 | 802 | 672 | 573 | 742 | 1,019 | 768 | 752 | 907 | 971 | 571 | 516 | 475 | 213 |
| Net profit | 466 | 467 | 298 | 466 | 296 | 214 | 243 | 584 | 570 | 688 | 657 | 465 | 598 | 565 | 660 | 549 | 240 | 206 | 640 | 424 | 227 | 501 | 1,240 | 632 | 670 | 681 | 800 | 762 | 863 | 802 | 1,284 | 1,193 | 1,226 | 1,019 | 1,134 | 1,486 | 2,398 | 1,744 | 1,709 | 1,556 | 2,484 | 1,799 | 1,882 | 1,975 | 2,240 | 1,489 | 1,796 | 1,436 | 1,359 |
| EPS ₹ | 16.15 | 16.17 | 10.30 | 16.12 | 10.25 | 7.39 | 8.42 | 20.20 | 19.73 | 23.80 | 22.73 | 16.11 | 20.71 | 19.56 | 22.84 | 19.01 | 8.32 | 7.12 | 22.15 | 14.67 | 7.87 | 17.35 | 41.04 | 20.91 | 22.19 | 22.55 | 26.48 | 25.23 | 28.55 | 26.55 | 42.51 | 39.49 | 40.57 | 33.74 | 37.53 | 49.20 | 79.38 | 57.75 | 56.57 | 51.52 | 82.24 | 59.56 | 62.30 | 65.39 | 74.17 | 49.30 | 59.44 | 47.52 | 44.97 |
| Revenue YoY | — | — | — | — | 9.8% | -1.0% | 35.1% | 36.6% | 44.2% | 62.2% | 31.0% | 26.8% | 27.0% | 26.5% | 19.8% | 3.6% | -14.4% | -17.0% | 16.2% | 26.4% | 6.0% | 42.1% | 13.4% | -5.0% | 26.0% | -2.7% | -9.0% | 11.1% | 17.5% | 15.4% | 12.6% | 18.1% | 13.2% | 19.9% | 12.3% | 11.2% | 45.7% | 27.1% | 35.6% | 32.5% | 7.2% | 0.6% | 2.0% | 13.6% | 3.1% | 2.0% | 1.4% | -12.2% | -24.3% |
| Profit YoY | — | — | — | — | -36.5% | -54.3% | -18.3% | 25.3% | 92.5% | 221.9% | 170.0% | -20.3% | 5.0% | -17.8% | 0.5% | 18.0% | -59.8% | -63.6% | -3.0% | -22.8% | -5.4% | 143.8% | 93.7% | 49.0% | 194.7% | 35.9% | -35.5% | 20.7% | 28.7% | 17.8% | 60.5% | 56.5% | 42.1% | 27.1% | -11.7% | 24.6% | 95.7% | 71.1% | 50.8% | 4.7% | 3.6% | 3.1% | 10.1% | 26.9% | -9.8% | -17.2% | -4.6% | -27.3% | -39.4% |
Returns & margins
trailing-twelve-month, per quarter| SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.2% | 9.0% | 8.4% | 9.8% | 8.0% | 6.2% | 7.0% | 8.0% | 7.3% | 9.6% | 10.2% | 12.6% | 17.3% | 18.5% | 15.7% | 17.1% | 15.7% | 12.1% | 11.2% | 11.2% | 11.1% | 15.0% | 13.7% | 13.4% | 12.3% |
| ROCE | 10.2% | 11.1% | 9.9% | 11.6% | 9.5% | 7.2% | 8.5% | 9.9% | 13.0% | 16.1% | 16.5% | 19.4% | 21.8% | 23.5% | 20.2% | 22.1% | 21.6% | 22.2% | 20.3% | 20.5% | 18.9% | 19.1% | 17.8% | 17.3% | 16.0% |
| Net margin | 6.6% | 6.9% | 6.2% | 6.1% | 4.9% | 3.8% | 4.4% | 4.6% | 3.9% | 4.9% | 5.4% | 6.3% | 8.7% | 9.0% | 9.5% | 10.1% | 9.7% | 7.2% | 7.0% | 6.9% | 6.9% | 8.7% | 8.0% | 7.3% | 6.5% |
| EBITDA margin | 7.6% | 7.5% | 7.5% | 8.3% | 6.9% | 6.1% | 6.4% | 7.0% | 8.2% | 8.9% | 9.2% | 9.7% | 10.7% | 11.5% | 12.3% | 13.5% | 13.6% | 13.6% | 13.1% | 12.5% | 12.2% | 11.7% | 11.7% | 10.7% | 10.0% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest coverage | 55.55 | 56.28 | 51.61 | 57.86 | 47.21 | 36.97 | 37.60 | 41.92 | 53.94 | 64.40 | 55.51 | 59.48 | 68.59 | 71.92 | 89.27 | 92.48 | 90.50 | 88.79 | 100.77 | 107.18 | 95.41 | 89.41 | 79.90 | 72.53 | 65.49 |
| Asset turnover | 0.97 | 1.01 | 0.99 | 1.18 | 1.20 | 1.20 | 1.18 | 1.30 | 1.35 | 1.42 | 1.39 | 1.46 | 1.44 | 1.49 | 1.23 | 1.26 | 1.19 | 1.24 | 1.16 | 1.18 | 1.16 | 1.24 | 1.23 | 1.32 | 1.34 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '14‡ | MAR '15‡ | MAR '16‡ | MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 157 | 157 | 157 | 157 | 157 | 157 |
| Other equity / reserves | 21,345 | 24,167 | 30,465 | 36,924 | 42,408 | 46,941 | 49,262 | 52,350 | 55,182 | 57,030 | 61,640 | 65,642 | 85,479 | 88,969 | 96,083 | 99,587 | 1,06,999 | 1,08,845 |
| Total equity | 21,496 | 24,318 | 30,616 | 37,075 | 42,559 | 47,092 | 49,413 | 52,501 | 55,334 | 57,181 | 61,791 | 65,793 | 85,636 | 89,126 | 96,240 | 99,744 | 1,07,156 | 1,09,002 |
| Borrowings | 1,865 | 331 | — | 484 | 121 | 158 | 112 | 492 | 382 | 588 | 1,216 | 363 | 33 | 15 | 0 | 34 | 0 | 0 |
| Current liabilities | 8,295 | 8,981 | 11,044 | 13,237 | 15,448 | 14,160 | 11,305 | 16,214 | 17,024 | 19,406 | 20,107 | 21,723 | 25,954 | 27,433 | 30,570 | 33,472 | 36,480 | 40,309 |
| Non-current liabilities | 1,672 | 1,164 | 1,051 | 1,633 | 2,224 | 2,698 | 2,890 | 2,662 | 2,298 | 2,433 | 2,698 | 2,961 | 3,763 | 5,138 | 5,161 | 5,238 | 5,244 | 5,490 |
| Total assets | 31,476 | 34,477 | 42,726 | 51,960 | 60,248 | 63,969 | 63,628 | 71,376 | 74,656 | 79,020 | 84,597 | 90,477 | 1,15,353 | 1,21,696 | 1,31,972 | 1,38,453 | 1,48,881 | 1,54,802 |
| Property, plant & equipment | 10,849 | 12,195 | 12,183 | 12,938 | 13,077 | 14,986 | 14,790 | 14,178 | 12,826 | 16,160 | 17,282 | 18,201 | 27,411 | 28,616 | 32,493 | 34,603 | 34,020 | 42,814 |
| Capital work-in-progress | 2,640 | 1,890 | 1,007 | 1,252 | 2,132 | 1,607 | 1,344 | 1,199 | 2,646 | 2,246 | 2,815 | 2,632 | 7,504 | 8,303 | 7,527 | 7,902 | 9,406 | 4,084 |
| Investments | 10,527 | 13,298 | — | 29,151 | 36,123 | 37,504 | 37,488 | 42,945 | 42,035 | 42,907 | 49,184 | 52,847 | 57,296 | 57,820 | 66,265 | 65,473 | 76,838 | 72,105 |
| Inventories | 1,763 | 2,745 | 3,133 | 3,264 | 3,160 | 3,323 | 3,214 | 3,049 | 3,532 | 3,826 | 4,284 | 4,766 | 5,318 | 6,977 | 6,913 | 10,850 | 11,321 | 12,809 |
| Receivables | 1,489 | 1,144 | — | 1,203 | 1,465 | 2,313 | 1,978 | 1,280 | 2,034 | 2,971 | 3,301 | 4,462 | 4,597 | 5,904 | 6,540 | 7,330 | 5,342 | 6,742 |
| Cash & equivalents | 649 | 43 | 51 | 24 | 74 | 188 | 21 | 41 | 35 | 25 | 37 | 492 | 2,660 | 1,954 | 184 | 298 | 67 | 892 |
Cash flow
annual · ₹ crore · line = free cash flow| FY14‡ | FY15‡ | FY16‡ | FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 4,995 | 6,449 | 8,482 | 10,282 | 11,788 | 6,601 | 3,496 | 8,856 | 1,840 | 9,251 | 16,801 | 16,136 | 19,100 |
| Cash from investing | -4,997 | -4,491 | -7,230 | -9,173 | -8,302 | -3,540 | -557 | -7,291 | -588 | -8,036 | -11,865 | -14,456 | -14,734 |
| Cash from financing | -74 | -2,004 | -1,237 | -1,129 | -3,436 | -2,948 | -3,104 | -1,545 | -1,607 | -1,213 | -4,062 | -4,155 | -4,484 |
| Capex | 3,545 | 3,189 | — | 3,391 | 3,912 | 4,872 | 3,437 | 2,370 | 3,459 | 6,347 | 9,200 | 10,641 | 10,398 |
| Free cash flow | 1,450 | 3,260 | — | 6,891 | 7,876 | 1,728 | 59 | 6,486 | -1,619 | 2,904 | 7,601 | 5,496 | 8,702 |
| Dividends paid | 242 | 362 | — | — | — | — | — | — | 1,359 | 1,812 | 2,719 | 3,930 | 4,244 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
largest in Automobile and Auto Components · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Maruti Suzuki India Ltd. | 4,00,860 | 12,750.00 | 29.8 | 3.68 | 12.3% |
| Mahindra & Mahindra Ltd. | 3,67,588 | 3,287.20 | 19.0 | 3.75 | 19.8% |
| Bajaj Auto Ltd. | 2,99,543 | 10,900.00 | 22.9 | 8.18 | 35.7% |
| TVS Motor Company Ltd. | 2,13,401 | 4,491.70 | 55.8 | 18.81 | 33.7% |
| Eicher Motors Ltd. | 2,10,528 | 7,669.50 | 36.5 | 8.39 | 23.0% |
| Hyundai Motor India Ltd. | 1,73,071 | 2,130.00 | 51.8 | 8.49 | 16.4% |
| Samvardhana Motherson International Ltd. | 1,67,340 | 158.55 | 35.4 | 3.69 | 10.4% |
| Bosch Ltd. | 1,49,565 | 50,700.00 | 56.5 | 19.51 | 34.6% |
| Hero MotoCorp Ltd. | 1,10,343 | 5,513.00 | 18.4 | 4.71 | 25.6% |
| Tata Motors Passenger Vehicles Ltd. | 1,07,602 | 292.00 | 1.4 | 0.96 | 70.7% |
StoxGud checklist: Neutral setup · 4/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
Long-term financials (FY06–FY16)
from published annual reports| Year | Revenue | Profit before tax | Net profit |
|---|---|---|---|
| FY16 | ₹64,676 Cr | ₹6,630 Cr | ₹4,699 Cr |
| FY15 | ₹54,546 Cr | ₹4,976 Cr | ₹3,807 Cr |
| FY14 | ₹48,530 Cr | ₹3,734 Cr | ₹2,853 Cr |
| FY13 | ₹48,797 Cr | ₹3,070 Cr | ₹2,469 Cr |
| FY12 | ₹39,157 Cr | ₹2,145 Cr | ₹1,681 Cr |
| FY11 | ₹40,949 Cr | ₹3,135 Cr | ₹2,382 Cr |
| FY10 | ₹32,180 Cr | ₹3,667 Cr | ₹2,625 Cr |
| FY09 | ₹23,308 Cr | ₹1,701 Cr | ₹1,227 Cr |
| FY08 | ₹20,949 Cr | ₹2,503 Cr | ₹1,731 Cr |
| FY07 | ₹17,294 Cr | ₹2,316 Cr | ₹1,588 Cr |
| FY06 | ₹14,800 Cr | ₹1,791 Cr | ₹1,219 Cr |
Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.
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FAQs
What is the share price of Maruti Suzuki India Ltd.?
Maruti Suzuki India Ltd. (MARUTI) closed at ₹12,750.00 on NSE on 06 Nov 2026.
What is the market cap of Maruti Suzuki India Ltd.?
₹4,00,860 crore at the latest close.
What is the P/E ratio of Maruti Suzuki India Ltd.?
29.8, on trailing-twelve-month earnings from its filings.
How fast is Maruti Suzuki India Ltd. growing?
Maruti Suzuki India Ltd.: revenue has compounded at 16.0% a year over three years; net profit at 21.4% a year. Latest-quarter revenue is up 26.0% year on year, profit down 26.4%.
How profitable is Maruti Suzuki India Ltd.?
On a trailing-twelve-month basis return on equity is 12.3%, return on capital employed 16.0%, operating margin 10.0%, net margin 6.5%.
How much debt does Maruti Suzuki India Ltd. have?
Maruti Suzuki India Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹892 cr (balance sheet of 2026-09-30). Operating profit covers interest 65.5 times.
Financials parsed from Maruti Suzuki India Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.