Maruti Suzuki India
- Market cap
- ₹ 3,53,984 Cr.
- P/E
- 27.1x
- P/B
- 3.28x
- 52-week range
- 10,985 – 17,370
- ROE
- 14%
- ROCE
- 19%
- Dividend yield
- 1.3%
- Debt / equity
- 0
- Sector
- Automobiles
- Industry
- Passenger Cars & Utility Vehicles
- Listed on
- NSE, BSE
About
Maruti Suzuki India Limited is engaged in the manufacturing, purchasing and sale of motor vehicles, components, and spare parts. The other activities of the Company comprise facilitation of pre-owned car sales, fleet management. and car financing. The Company is focused on the business of manufacturing and sale of passenger and commercial vehicles. The Company's vehicles are offered through three channels: NEXA, Arena, and Commercial. It also sells aftermarket parts and accessories under the brand name of Maruti Suzuki Genuine Parts, and Maruti Suzuki Genuine Accessories. Its portfolio of Nexa products includes XL6, e VITARA, Ciaz, Baleno, Brezza, Ignis, Grand Vitara, FRONX, Jimny, and Invicto. Its portfolio of Arena products includes Alto K10, Brezza, Celerio, WagonR, Swift, Dzire, S-Presso, Eeco, Dezire, and Ertiga. Its portfolio of Commercial products includes Super Carry and Eeco Cargo. Its service offerings include Maruti Suzuki Smart Finance, Maruti Suzuki Leasing, and more.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Passenger Cars & Utility Vehicles: 8 companies →Maruti Suzuki India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)27.1 against a typical 28.9: cheaper than most peers (1st = cheapest).4th of 8
- Sales growth+35.9% against a typical +27.8% from a year earlier.3rd of 7
- Profit growth−9.1% against a typical −2.6% from a year earlier.5th of 8
- Share price, 3 months−17% against a typical −11.5%.6th of 8
- Size₹ 3,53,984.3 Cr. market value against a typical ₹ 21,362.2 Cr. (1st = largest).1st of 5
Latest announcements
Exchange filings and their impact on the company.
- Q2 revenue jumped 26% YoY but profit fell 26% on surging costs and margin squeeze.
Maruti Suzuki reported Q2 FY27 standalone revenue of Rs 53,340 crore, up 26% from last year, and H1 revenue of Rs 1,05,796 crore, up 31%. But Q2 net profit fell 27% to Rs 2,415 crore and H1 profit fell 18% to Rs 5,767 crore as material costs surged 48%. The company remains debt-free with net cash and continues heavy capex, but near-term earnings momentum has weakened despite strong volumes.
- Maruti launched the VICTORIS AURUM special edition to extend its record-selling SUV's festive momentum.
Maruti Suzuki launched the VICTORIS AURUM Edition Strong Hybrid on October 24, 2026 to mark one year of the SUV, with a kit price of Rs 22,990 for copper and chrome styling and accessories. The company said VICTORIS set the record for highest first-year sales for a new model and was the fastest to cross 1 lakh and 1.5 lakh sales, winning ICOTY 2026. The limited edition with Shahid Kapoor as face aims to boost festive demand for the hybrid variant.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 19 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 19 Nov 2025 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 10,000 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 31 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 28 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 31 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37,339 | 33,513 | 38,471 | 35,779 | 37,449 | 38,764 | 40,920 | 38,605 | 42,344 | 49,904 | 52,462 | 52,470 |
| Expenses | 32,028 | 29,073 | 33,250 | 30,673 | 32,450 | 33,688 | 36,076 | 33,983 | 37,258 | 44,331 | 46,304 | 48,156 |
| Operating Profit | 5,312 | 4,440 | 5,221 | 5,107 | 4,999 | 5,076 | 4,844 | 4,623 | 5,086 | 5,573 | 6,158 | 4,313 |
| OPM % | 14% | 13% | 14% | 14% | 13% | 13% | 12% | 12% | 12% | 11% | 12% | 8% |
| Other Income | 958 | 1,053 | 1,261 | 1,118 | 1,570 | 1,125 | 1,583 | 1,924 | 1,014 | 1,140 | 581 | 1,972 |
| Interest | 35 | 36 | 76 | 57 | 43 | 46 | 48 | 47 | 57 | 62 | 73 | 64 |
| Depreciation | 1,342 | 1,302 | 1,298 | 1,332 | 1,386 | 1,429 | 1,462 | 1,556 | 1,703 | 1,735 | 1,748 | 1,780 |
| Profit before tax | 4,892 | 4,156 | 5,108 | 4,836 | 5,141 | 4,726 | 4,918 | 4,944 | 4,339 | 4,917 | 4,918 | 4,441 |
| Tax % | 23% | 23% | 23% | 22% | 40% | 21% | 20% | 23% | 23% | 21% | 26% | 22% |
| Net Profit | 3,786 | 3,207 | 3,952 | 3,760 | 3,102 | 3,727 | 3,911 | 3,792 | 3,349 | 3,879 | 3,659 | 3,447 |
| EPS in Rs | 125.34 | 102 | 125.71 | 119.58 | 98.68 | 118.54 | 124.4 | 120.62 | 106.52 | 123.38 | 116.38 | 109.63 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 21%
- 3 Years
- 16%
- TTM
- 27%
- 10 Years
- 12%
- 5 Years
- 27%
- 3 Years
- 29%
- TTM
- −1%
- 10 Years
- 11%
- 5 Years
- 15%
- 3 Years
- 13%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 14%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Maruti Suzuki India | ₹ 11,579.00 | ₹ 3,53,984 Cr. | 27.1x | 3.3x | 14% | — |
| Eicher Motors | ₹ 7,050.00 | ₹ 1,93,538 Cr. | 37.4x | 8.3x | 23.8% | 23.6% |
| Hyundai Motor India | ₹ 1,850.00 | ₹ 1,50,320 Cr. | 29.8x | 8.1x | 29.9% | 7.7% |
| Tata Motors | ₹ 398.00 | ₹ 1,46,575 Cr. | 38.6x | 12x | — | 3.6% |
| Ashok Leyland | ₹ 145.95 | ₹ 85,729 Cr. | 19.7x | 6.4x | 26.2% | 6.6% |
| Force Motors | ₹ 16,391.00 | ₹ 21,362 Cr. | 23.1x | 5.7x | 33.5% | 13.4% |
Management
- Hisashi Takeuchi
- Chief Executive Officer, Managing Director, Executive Director
- Arnab Roy
- Chief Financial Officer
- Sanjeev Grover
- Compliance Officer, Executive Officer, Company Secretary
- Sunil Kumar Kakkar
- Whole-Time Director, Director - Corporate Planning
- Kenichiro Toyofuku
- Whole-Time Director, Director - Sustainability
- Kazunari Yamaguchi
- Whole-Time Director, Director - Production
Prices are delayed and for information only. Nothing on this page is investment advice.