MARUTI · Maruti Suzuki India Ltd · Auto & Truck Manufacturers
MARUTI · Maruti Suzuki India Ltd · Auto & Truck Manufacturers
As of 06 Nov close
52-week range
26.6% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Stock Condition as of 06 Nov 2026 close
Slowest input: promoter pledge (disclosed quarterly), as of 18 Jul 2026
Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹52,470 Cr
Revenue YoY
PAT YoY
-9.1%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
3.6
P/S (TTM)
2
Sector P/E
26
Dividend yield
+1.1%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MARUTI (this stock) | 31 | 3.6 | +7.3% | +13.4% | 0 | +1.1% |
| Eicher Motors | 33.6 | 8.8 | +23.1% | +23.0% | 0.02 | +1.1% |
| Hyundai Motor India | 31.3 | 8.7 | +7.0% | +24.7% | 0.05 | +1.0% |
| Tata Motors | 37.2 | 17 | +4.8% | +32.9% | 0.44 | +0.9% |
Promoter
rising 2q
FII
falling 2q
MF
15.33% (+0.38pp)
rising 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- unknownbusiness-standard.com· 05 Nov 2026, 10:09 amTaMo CV, Ashok Leyland, Maruti rally up to 8% as crude oil price tumbles
- unknownthehindubusinessline.com· 31 Oct 2026, 02:17 pmMaruti Suzuki Dzire crosses 3.5 million units of cumulative production
- mediumeconomictimes.indiatimes.com· 30 Oct 2026, 09:46 amDiwali blues: 83 largecap stocks plunge up to 60% since Samvat 2082. Can bluechips light up D-Street in the new year?
- lowthehindubusinessline.com· 29 Oct 2026, 04:36 pmStock Market Highlights, Oct 29: Sensex settles 905 pts higher, Nifty ends above 22,900; Adani Ports, Kotak Bank top gainers
- mediumrediff.com· 29 Oct 2026, 10:48 amStock Markets Today: Sensex, Nifty rise in early trade on buying in RIL FII inflows
- lowbusiness-standard.com· 28 Oct 2026, 09:33 amMaruti Suzuki Share Price: Maruti dips marginally post Q2 amid cost pressures; analysts remain bullish
- mediumthehindubusinessline.com· 27 Oct 2026, 09:14 pmMaruti Q2 profit declines 26% YoY, hit by global tensions, adverse forex movement
- loweconomictimes.indiatimes.com· 27 Oct 2026, 09:47 amIndia’s ₹1 lakh crore club stocks hit hard by FII exit. Have bluechips lost their growth engines?
- lowthehindubusinessline.com· 27 Oct 2026, 07:08 amSensex, Nifty seen opening flat amidst positive Asian markets
- highrediff.com· 23 Oct 2026, 05:02 pmIndian Equities Fall for Fourth Day as West Asia Tensions Drive Oil Prices Higher
- mediumrediff.com· 21 Oct 2026, 05:05 pmIndian Equities Decline for Second Day as Banking, Financial Stocks Drag
- highbusiness-standard.com· 13 Oct 2026, 12:56 pmMaruti Suzuki tanks 33% in calendar year 2026; stock hits 18-month low
- highbusiness-standard.com· 01 Oct 2026, 02:10 pmAt 52-week lows: RIL, ONGC, M&M, Airtel, PB Fintech, 69 other BSE500 stocks
- lowbusiness-standard.com· 30 Sept 2026, 09:40 amSensex, Nifty set to post worst 9-month show in 15 years
- lowbusiness-standard.com· 28 Sept 2026, 01:01 pmRIL, Jio Fin, Maruti, Tata Consumer, TaMo PV, HUL, Wipro hit 52-week lows
- lowthehindubusinessline.com· 24 Sept 2026, 12:48 pmMaruti Suzuki commissions its first green hydrogen plant at Manesar facility
- loweconomictimes.indiatimes.com· 18 Sept 2026, 12:49 pmMaruti Suzuki records 1 million vehicle dispatches through in-plant railway sidings in Gujarat, Haryana
- unknowneconomictimes.indiatimes.com· 10 Sept 2026, 12:49 pmLosing money in Nifty? 8 beaten-down largecap stocks see promoters increase stake in 2026
- unknownthehindubusinessline.com· 26 Aug 2026, 12:30 pmMaruti Suzuki becomes first PV manufacturer to dispatch vehicles by rail to TN’s Pollachi Railway Terminal
- lowlivemint.com· 10 Aug 2026, 02:01 pmParag Parikh Flexi Cap Fund July portfolio: CIE Automotive, Petronet LNG see higher holdings; check top 10 stocks
Concalls & investor presentations
AI-generatedKey takeaway: Maruti Suzuki India Limited (MSIL) presented its standalone financial results for Q2 FY’27 and H1 FY’27. Sales volume for Q2 FY’27 was 696,654 units, up 26.5% year-over-year (YoY), with net sales of INR 506,155 million, a 26.1% increase YoY. However, operational metrics showed declines: operating EBITDA fell 6.3% YoY to INR 47,633 million, operating EBIT dropped 17.1% YoY to INR 28,037 million, and PAT decreased 26.9% YoY to INR 24,149 million. Key financial ratios indicated rising material costs (79.9% of net sales, up 420 bps YoY) and lower non-operating income. Negative factors included adverse commodity prices, foreign exchange movements, and mark-to-market losses. In Q2 FY’27 compared to Q1 FY’27, sales volume rose 2.0%, but PBT and PAT fell 27.1% and 28.0% respectively, driven by higher manufacturing overheads and depreciation. For H1 FY’27, total sales volume was 1,379,378 units, up 27.9% YoY, but operating EBITDA declined 5.5% YoY to INR 91,750 million, and PAT dropped 18.3% YoY to INR 57,670 million. Domestic sales accounted for 83.1% of total sales in H1 FY’27, with passenger cars and UVs dominating. The presentation noted that MSIL’s financial statements were restated for comparison after the amalgamation of its subsidiary, Suzuki Motor Gujarat Private Limited, effective December 1, 2025.
The presentation highlights significant declines in key profitability metrics like EBITDA, EBIT, PBT, and PAT, alongside rising material costs and adverse external factors.
Sourced from an exchange-filed presentation, dated 27 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Maruti Suzuki India Limited reported that the transcript of the investors' discussion held on 31st July 2026 regarding the financial results for the quarter ended 30th June 2026 has been uploaded to the company's website. The document included a formal notification to the National Stock Exchange of India and BSE Limited, confirming the availability of the transcript for record-keeping. The communication was signed by Sanjeev Grover, Executive Officer & Company Secretary, and included the company's contact information and registration details.
The document presented factual information regarding the availability of the transcript.
Sourced from an exchange-filed transcript, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Maruti Suzuki India Limited (MSIL) reported its standalone financial results for Q1 FY’27, highlighting a sales volume of 682,724 units, which represented a 29.3% increase compared to Q1 FY’26. Net sales rose by 36.4% to INR 499,591 million. However, operational EBITDA decreased by 6.7% to INR 43,111 million, and operational EBIT fell by 17.4% to INR 25,311 million. Profit Before Tax (PBT) and Profit After Tax (PAT) also declined by 11.5% and 10.8%, respectively. The presentation noted adverse commodity prices and foreign exchange movements as negative factors impacting margins, while favorable operating leverage and cost reduction efforts were cited as positive influences. Compared to Q4 FY’26, sales volume increased slightly by 1.0%, but net sales and operational metrics showed declines. The document included a detailed breakdown of sales by segment and geographical distribution.
The document presented both positive sales growth and negative trends in profitability.
Sourced from an exchange-filed presentation, dated 31 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Maruti Suzuki India Limited (MSIL) presented its annual financial results for the year ended March 31, 2026, highlighting a sales volume increase of 11.8% year-over-year in Q4 FY’26, reaching 676,209 units. Net sales rose by 28.9% to INR 500,787 million, while operating EBITDA and EBIT increased by 27.1% and 30.4%, respectively. However, profit before tax (PBT) decreased slightly by 0.5%, and profit after tax (PAT) fell by 6.9% compared to Q4 FY’25. The presentation noted adverse commodity prices and lower non-operating income as negative factors impacting margins, while favorable operating leverage and reduced sales promotion expenses were positive contributors. For FY’26, total sales volume grew by 8.4% to 2,422,713 units, with net sales increasing by 20.2%. Key financial ratios showed a rise in material costs and employee costs, while other expenses decreased.
The presentation reported both positive growth in sales and net sales, alongside declines in profit metrics.
Sourced from an exchange-filed presentation, dated 28 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMaruti Suzuki India Limited's FY2025-26 annual report highlights its compliance with statutory and regulatory requirements, effective corporate governance, and integration of sustainability practices aligned with UN SDGs. The report notes the amalgamation of Suzuki Motor Gujarat (SMG) into the company, effective December 1, 2025, and the absence of material subsidiaries as of March 31, 2026. The company received several awards for CSR and sustainability initiatives. The auditor emphasized challenges in estimating obligations under Extended Producer Responsibility (EPR) regulations and ongoing litigations with potential financial impacts. The company maintains robust internal controls and has no defaults in loan repayments or statutory dues.
- Compliance with statutory and regulatory requirements was confirmed by auditors.
- Amalgamation of SMG completed in December 2025, with no material subsidiaries remaining as of March 31, 2026.
- Auditor highlighted challenges in estimating EPR obligations and ongoing litigations with potential financial impacts.
- Received multiple awards for CSR and sustainability initiatives.
- No defaults in loan repayments or statutory dues reported.
Key takeaway: Maruti Suzuki India Limited maintains strong compliance and governance, but faces challenges in estimating EPR obligations and managing ongoing litigations, which could impact financial reporting and operations.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (3 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceEarlier (1-3 years ago)
The auditor notes material uncertain tax positions related to Income tax and Excise duty disputes under litigation, which may affect the Company's financial statements.
Regulatory Action
3 occurrencesRecent (last 12 months)
A penalty of ₹4,711.4 million was imposed on the Company by regulatory authorities. The Company contested it in the Delhi High Court and later filed a Special Leave Petition before the Supreme Court, which granted a stay on the CCI’s order.
Earlier (1-3 years ago)
The company was fined 4,711.4 million by CCI in 2014 for anti-competitive practices, and another 2,000 million in 2021 for anti-competitive discount control practices. Both penalties are under appeal with stays in place.
The company was fined INR 4,711.4 million by the Competition Commission of India (CCI) in 2014 for after-market spare parts practices and INR 2,000 million in 2021 for anti-competitive discount control practices.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has unpaid statutory dues under various acts, including Income Tax, Central Excise, and Service Tax, with amounts totaling 196,732 K Million, 16,642 K Million, and 4,565 K Million respectively, pending in various forums.
Earlier (1-3 years ago)
The company has outstanding statutory dues in arrears for over six months, including income tax, excise duty, and service tax, with disputes pending in various forums, totaling 179,534 million rupees.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor identified a significant deficiency in the company's internal financial controls related to non-compliance with the audit trail requirement as stated in (i)(vi) below.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities related to ongoing litigations, with uncertainties about the outcome and significant management judgment involved in assessing potential cash outflows.
Earlier (1-3 years ago)
The Group faces litigations and claims from various authorities and parties which are connected with a degree of uncertainty. Such litigations can only be resolved over extended time periods.
The company has contingent liabilities related to litigations, and provisions are made based on historical experience and assumptions about potential costs.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The Company has entered into transactions with related parties in compliance with Sections 177 and 188 of the Act, and the details have been disclosed in the standalone financial statements as required under Indian Accounting Standard 24.
Earlier (1-3 years ago)
The company made political donations amounting to ` Nil in the current year, compared to ₹600 million in the previous year to Prudent Electoral Trust, which had provided lists of contributors and political parties receiving donations, but these were not identified to individual contributors.
The company made political donations amounting to ₹600 million to Prudent Electoral Trust during the year, which includes contributions to political parties but not identified to individual contributors.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
0.45% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).