M

Maruti Suzuki India Limited

MARUTINSE
Market snapshot · 2026-08-11 05:09 UTC

14,117.00

+₹20.00 (+0.14%)

MARKET CAP

₹4.44L Cr

STOCK P/E

30.9x

52W HIGH

₹17,370.00

52W LOW

₹12,201.00

BOOK VALUE

₹3,408.27

EPS

₹456.20

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

0.10

VOLUME

62,143

P/B RATIO

4.14x

PEG RATIO

0.77

Sector

Consumer Discretionary

Themes

Four Wheelers
D
Dividend
E
Earnings
₹16,791.36₹15,659.97₹14,528.59₹13,397.20₹12,265.81VolumeEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for MARUTI.

38.00 analysts

Price Forecast

Current
₹14,117
High Target
₹17,688
▲ +25.3%
Median Target
₹16,050
▲ +13.7%
Low Target
₹12,850
▼ -9.0%
Now₹14,117High ₹17,688Median ₹16,050Low ₹12,850Aug '25Now12M Target
Price history (1Y)
Analyst target range
38 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹12,316 - ₹16,89880%
6M₹11,787 - ₹18,43780%
12M₹11,220 - ₹21,12180%
Realized vol: +24.7% · Drift: +11.7%

Revenue Forecast

₹ Cr
Jun '26Current₹52,456.0
Sep 2026 ETrend estimate range
High₹59,872.1Base₹55,437.1Low₹51,002.1
Sep '25: ₹42,332.0 · Dec '25: ₹49,892.0 · Mar '26: ₹52,449.0 · Jun '26: ₹52,456.0 · Sep '26: ₹55,437.1 · Dec '26: ₹65,337.5
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E42,332.049,892.052,449.052,456.055,437.165,337.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹106.62
Sep 2026 ETrend estimate range
High₹112.15Base₹100.13Low₹88.12
Sep '25: ₹105.05 · Dec '25: ₹120.67 · Mar '26: ₹114.20 · Jun '26: ₹106.62 · Sep '26: ₹100.13 · Dec '26: ₹115.02
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E105.05120.67114.20106.62100.13115.02
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
59%
Analyst Consensus
Weakening

From 38 analysts

Mean upside+12.5%

Fundamentals

Moderate

Fundamentals institutional score is 56 using growth durability 55.9.

Valuation

Premium valuation

Valuation institutional score is 35 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 68 using mean target upside 12.5%; dispersion penalty 12.2; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 84 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 12 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. analyst consensus and technical structure provide support, while valuation and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price15,876.8 target
Mean Upside+12.5%
Technical Score84%
Fundamental Score56%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 15.8% above historical median. Valuation is rising — currently in the overvalued zone (z-score: +0.92). Confidence: 85%.

Live forward EPS implies next-12-month EPS of ₹604.66. Applying the stock's normalized valuation corridor produces a fair range of ₹14,856.50 to ₹17,625.84, with base value near ₹16,150.47 (+14.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹604.66

Forward P/E

23.4x

Base Fair Value

₹16,150.47

Fair Range

₹14,856.50 - ₹17,625.84

Upside To Base

+14.4%

Estimate Source

Live forward EPS

Growth Estimate

-9.1%

P/E
Overvalued

5Y Average

23.70

Current

30.94

Overvalued

29.15

Undervalued

24.57

EV/EBITDA
Strongly Overvalued

5Y Average

15.37

Current

20.07

Overvalued

17.59

Undervalued

12.03

P/S
Strongly Overvalued

5Y Average

1.72

Current

2.25

Overvalued

1.98

Undervalued

1.47

Peers & Comparison

Sector: Consumer Discretionary · Theme: Four Wheelers

Four Wheelers Peers3 peers
Avg P/E: 28.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MAHINDRA & MAHINDRA LTD
M&MFour Wheelers
+27.5%8.6%
21.4x
Undervalued
-26% vs avg
+9.9%
HYUNDAI MOTOR INDIA LTD
HYUNDAIFour Wheelers
-0.5%7.0%
36.5x
Premium
+26% vs avg
+2.3%
TATA MOTORS PASS VEH LTD
TMPVFour Wheelers
-11.8%24.3%
-46.9%
WHY THESE PEERS

MARUTI SUZUKI INDIA LTD. trades in line with peers (30.9x vs avg 28.9x), reflecting a fair valuation within the Four Wheelers cohort. Peers include MAHINDRA & MAHINDRA LTD, HYUNDAI MOTOR INDIA LTD, TATA MOTORS PASS VEH LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹52.46K CrJun 2026

Latest net profit

₹3.35K CrJun 2026

Latest EPS

₹106.62Jun 2026

Net margin

8.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%3.0%6.0%9.0%12.0%0.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr₹0₹35₹70₹105₹140
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-50.00K Cr0.00 Cr50.00K Cr1.00L Cr1.50L Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +32,32737,06233,30938,23535,53137,20338,75240,91038,59342,33249,89252,44952,456
Expenses +29,34432,27829,40133,55031,02932,78633,68836,06733,97237,24844,32046,29248,145
Operating Profit2,9834,7843,9084,6854,5024,4175,0654,8434,6215,0855,5726,1574,311
OPM %9%13%12%12%13%12%13%12%12%12%11%12%8%
Other Income +1,0018449331,1189751,4751,0671,5281,8889661,0545001,874
Interest46353576574046484757627364
Depreciation7487947527297317511,4291,4611,5561,7031,7341,7481,780
Profit before tax3,1904,7994,0544,9984,6895,1004,6574,8624,9064,2914,8304,8364,341
Tax %22%23%23%22%22%40%21%21%23%23%21%26%23%
Net Profit +2,4853,7163,1303,8783,6503,0693,6593,8573,7583,3033,7943,5903,352
EPS in Rs82.27123.0399.55123.34116.0997.62116.39122.69119.53105.05120.67114.20106.62
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +58.28%58.28%58.28%58.53%58.65%
FIIs +15.20%15.78%15.76%14.12%12.82%
DIIs +23.25%22.55%22.84%24.09%25.09%
Government +0.08%0.08%0.08%0.08%0.08%
Public +3.18%3.30%3.04%3.18%3.35%
Others0.01%0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 09, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 08, 2026PDFCompany Reports Open

Annual Report FY26

Aug 08, 2026PDFCompany Reports Open

Reg. 34 (1) Annual Report.

Aug 08, 2026PDFCompany Reports Open

Concall Transcript - FY2027

Jul 28, 2026PDFKnowledge Base Open