Maruti Suzuki India Ltd

Maruti Suzuki Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Maruti Suzuki India Ltd

₹ 11,279 0.36%
03 Dec - close price
marutisuzuki.com BSE: 532500 NSE: MARUTI
About

The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor
Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake.
The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts.

Key Points

Market share of major car manufacturers (%)[1]
Maruti Suzuki - 45.0
Hyundai - 15
Tata - 13
Mahindra - 10
Kia - 7
Others: 13%

Website BSE NSE
  • Market Cap ₹ 3,54,537 Cr.
  • Current Price ₹ 11,279
  • High / Low ₹ 13,680 / 9,738
  • Stock P/E 25.3
  • Book Value ₹ 2,835
  • Dividend Yield 1.11 %
  • ROCE 21.8 %
  • ROE 16.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 36.7%

Cons

  • Stock is trading at 3.98 times its book value
  • Company has a low return on equity of 12.3% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - Passenger Cars

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
20,551 23,253 26,749 26,512 29,942 29,251 32,214 32,535 37,339 33,513 38,471 35,779 37,449
19,694 21,691 24,320 24,597 27,172 25,878 28,320 29,015 32,028 29,073 33,250 30,673 32,450
Operating Profit 857 1,562 2,429 1,915 2,771 3,373 3,894 3,520 5,312 4,440 5,221 5,107 4,999
OPM % 4% 7% 9% 7% 9% 12% 12% 11% 14% 13% 14% 14% 13%
532 355 514 112 662 893 850 1,110 958 1,053 1,261 1,118 1,570
Interest 23 25 56 28 31 30 164 46 35 36 76 57 43
Depreciation 757 641 648 652 723 1,209 1,240 1,314 1,342 1,302 1,298 1,332 1,386
Profit before tax 610 1,252 2,239 1,347 2,679 3,027 3,341 3,269 4,892 4,156 5,108 4,836 5,141
Tax % 20% 17% 16% 23% 21% 21% 20% 22% 23% 23% 23% 22% 40%
487 1,042 1,876 1,036 2,112 2,406 2,688 2,543 3,786 3,207 3,952 3,760 3,102
EPS in Rs 16.12 34.49 62.10 34.30 69.93 79.65 88.97 84.18 125.34 102.00 125.71 119.58 98.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
44,304 44,542 50,801 57,589 68,085 79,809 86,068 75,660 70,372 88,330 118,410 141,858 145,213
39,944 39,232 43,909 48,565 57,664 67,692 75,012 68,305 64,961 82,578 105,288 123,232 125,446
Operating Profit 4,361 5,310 6,892 9,024 10,421 12,118 11,056 7,355 5,411 5,752 13,122 18,626 19,766
OPM % 10% 12% 14% 16% 15% 15% 13% 10% 8% 7% 11% 13% 14%
797 724 817 1,464 2,399 2,155 2,664 3,410 3,046 1,861 2,415 4,248 5,002
Interest 198 184 218 82 89 346 76 134 102 127 252 194 212
Depreciation 1,890 2,116 2,515 2,822 2,604 2,760 3,021 3,528 3,034 2,789 4,846 5,256 5,317
Profit before tax 3,070 3,734 4,976 7,585 10,127 11,167 10,624 7,103 5,321 4,697 10,438 17,424 19,240
Tax % 20% 24% 24% 28% 26% 29% 28% 20% 18% 17% 21% 23%
2,470 2,854 3,809 5,497 7,511 7,881 7,651 5,678 4,389 3,880 8,264 13,488 14,021
EPS in Rs 81.74 94.44 126.04 181.98 248.61 260.86 253.21 187.90 145.30 128.43 273.56 429.01 445.97
Dividend Payout % 10% 13% 20% 19% 30% 31% 32% 32% 31% 47% 34% 29%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 26%
TTM: 11%
Compounded Profit Growth
10 Years: 18%
5 Years: 18%
3 Years: 45%
TTM: 23%
Stock Price CAGR
10 Years: 13%
5 Years: 10%
3 Years: 16%
1 Year: 6%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 12%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 151 151 151 151 151 151 151 151 151 151 157 157 157
Reserves 18,877 21,345 24,167 30,465 36,924 42,408 46,941 49,262 52,350 55,182 74,443 85,479 88,969
1,569 2,004 666 231 484 121 160 184 541 426 1,248 119 158
6,920 7,975 9,492 11,879 14,402 17,568 16,717 14,031 18,335 18,896 24,258 29,550 32,412
Total Liabilities 27,517 31,476 34,477 42,726 51,960 60,248 63,969 63,628 71,376 74,656 100,106 115,304 121,696
10,022 11,034 12,490 12,530 13,311 13,389 15,437 15,744 14,989 13,747 27,941 27,865 29,337
CWIP 1,966 2,640 1,890 1,007 1,252 2,132 1,607 1,415 1,497 2,936 4,143 7,735 8,303
Investments 7,421 10,527 13,298 20,676 29,151 36,123 37,504 37,488 42,945 42,035 49,184 57,296 57,820
8,107 7,275 6,800 8,513 8,247 8,604 9,421 8,980 11,946 15,937 18,837 22,408 26,237
Total Assets 27,517 31,476 34,477 42,726 51,960 60,248 63,969 63,628 71,376 74,656 100,106 115,304 121,696

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,059 4,995 6,449 8,482 10,282 11,788 6,601 3,496 8,856 1,840 10,815 16,801
-3,119 -4,997 -4,491 -7,230 -9,173 -8,302 -3,540 -557 -7,291 -239 -8,820 -11,865
-979 -74 -2,004 -1,237 -1,129 -3,436 -2,948 -3,104 -1,545 -1,607 -1,214 -4,062
Net Cash Flow -39 -76 -45 16 -20 50 113 -165 20 -6 780 874

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 12 8 8 6 7 10 10 7 8 10 12
Inventory Days 21 20 28 30 25 21 20 22 22 20 23 19
Days Payable 47 57 57 70 65 70 59 51 73 54 58 62
Cash Conversion Cycle -14 -25 -20 -32 -33 -42 -29 -20 -44 -26 -25 -31
Working Capital Days -7 -18 -26 -27 -33 -40 -29 -19 -47 -29 -27 -26
ROCE % 15% 16% 19% 23% 24% 24% 19% 9% 11% 6% 16% 22%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.37% 56.37% 56.37% 56.37% 56.37% 56.48% 56.48% 56.48% 58.19% 58.19% 58.19% 58.19%
23.60% 22.57% 21.89% 21.84% 21.49% 21.11% 21.87% 21.85% 20.60% 19.64% 18.98% 17.68%
15.29% 16.25% 18.01% 18.10% 18.19% 18.57% 18.07% 18.15% 17.64% 18.86% 19.37% 20.75%
0.00% 0.00% 0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.07% 0.07%
4.74% 4.81% 3.73% 3.62% 3.89% 3.78% 3.51% 3.45% 3.50% 3.24% 3.41% 3.31%
No. of Shareholders 4,21,9124,31,8893,95,4413,92,5514,18,2884,15,1273,78,3233,68,6083,87,7673,64,3753,89,3143,82,573

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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