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Last Updated on: 12 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532500 | NSE: MARUTI

Maruti Suzuki India Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:24 pm

Market Cap 3,66,724 Cr.
Current Price 11,664
High / Low 13,680/10,725
Stock P/E25.2
Book Value 2,835
Dividend Yield1.07 %
ROCE21.8 %
ROE16.8 %
Face Value 5.00
PEG Ratio0.97

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Maruti Suzuki India Ltd

Competitors of Maruti Suzuki India Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Maruti Suzuki India Ltd 3,66,724 Cr. 11,664 13,680/10,72525.2 2,8351.07 %21.8 %16.8 % 5.00
Hindustan Motors Ltd 536 Cr. 25.7 48.7/15.216.6 1.400.00 %2.32 %16.7 % 5.00
Industry Average183,630.00 Cr5,844.8520.901,418.200.54%12.06%16.75%5.00

All Competitor Stocks of Maruti Suzuki India Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 23,25326,74926,51229,94229,25132,21432,53537,33933,51338,47135,77937,44938,764
Expenses 21,69124,32024,59727,17225,87828,32029,01532,02829,07333,25030,67332,45033,688
Operating Profit 1,5622,4291,9152,7713,3733,8943,5205,3124,4405,2215,1074,9995,076
OPM % 7%9%7%9%12%12%11%14%13%14%14%13%13%
Other Income 3555141126628938501,1109581,0531,2611,1181,5701,125
Interest 255628313016446353676574346
Depreciation 6416486527231,2091,2401,3141,3421,3021,2981,3321,3861,429
Profit before tax 1,2522,2391,3472,6793,0273,3413,2694,8924,1565,1084,8365,1414,726
Tax % 17%16%23%21%21%20%22%23%23%23%22%40%21%
Net Profit 1,0421,8761,0362,1122,4062,6882,5433,7863,2073,9523,7603,1023,727
EPS in Rs 34.4962.1034.3069.9379.6588.9784.18125.34102.00125.71119.5898.68118.54

Last Updated: February 28, 2025, 6:30 pm

Below is a detailed analysis of the quarterly data for Maruti Suzuki India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹38,764.00 Cr.. The value appears strong and on an upward trend. It has increased from 37,449.00 Cr. (Sep 2024) to ₹38,764.00 Cr., marking an increase of ₹1,315.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹33,688.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 32,450.00 Cr. (Sep 2024) to ₹33,688.00 Cr., marking an increase of ₹1,238.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹5,076.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,999.00 Cr. (Sep 2024) to ₹5,076.00 Cr., marking an increase of ₹77.00 Cr..
  • For OPM %, as of Dec 2024, the value is 13.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 13.00%.
  • For Other Income, as of Dec 2024, the value is ₹1,125.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,570.00 Cr. (Sep 2024) to ₹1,125.00 Cr., marking a decrease of 445.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹46.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 43.00 Cr. (Sep 2024) to ₹46.00 Cr., marking an increase of ₹3.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹1,429.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,386.00 Cr. (Sep 2024) to ₹1,429.00 Cr., marking an increase of ₹43.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹4,726.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,141.00 Cr. (Sep 2024) to ₹4,726.00 Cr., marking a decrease of 415.00 Cr..
  • For Tax %, as of Dec 2024, the value is 21.00%. The value appears to be improving (decreasing) as expected. It has decreased from 40.00% (Sep 2024) to 21.00%, marking a decrease of 19.00%.
  • For Net Profit, as of Dec 2024, the value is ₹3,727.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,102.00 Cr. (Sep 2024) to ₹3,727.00 Cr., marking an increase of ₹625.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 118.54. The value appears strong and on an upward trend. It has increased from ₹98.68 (Sep 2024) to 118.54, marking an increase of ₹19.86.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:32 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 44,30444,54250,80157,58968,08579,80986,06875,66070,37288,330118,410141,858150,464
Expenses 39,94439,23243,90948,56557,66467,69275,01268,30564,96182,578105,288123,232130,061
Operating Profit 4,3615,3106,8929,02410,42112,11811,0567,3555,4115,75213,12218,62620,403
OPM % 10%12%14%16%15%15%13%10%8%7%11%13%14%
Other Income 7977248171,4642,3992,1552,6643,4103,0461,8612,4154,2485,074
Interest 198184218828934676134102127252194223
Depreciation 1,8902,1162,5152,8222,6042,7603,0213,5283,0342,7894,8465,2565,445
Profit before tax 3,0703,7344,9767,58510,12711,16710,6247,1035,3214,69710,43817,42419,810
Tax % 20%24%24%28%26%29%28%20%18%17%21%23%
Net Profit 2,4702,8543,8095,4977,5117,8817,6515,6784,3893,8808,26413,48814,541
EPS in Rs 81.7494.44126.04181.98248.61260.86253.21187.90145.30128.43273.56429.01462.51
Dividend Payout % 10%13%20%19%30%31%32%32%31%47%34%29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)15.55%33.46%44.32%36.64%4.93%-2.92%-25.79%-22.70%-11.60%112.99%63.21%
Change in YoY Net Profit Growth (%)0.00%17.92%10.85%-7.68%-31.71%-7.84%-22.87%3.09%11.10%124.59%-49.78%

Maruti Suzuki India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

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:19%
Stock Price CAGR
10 Years:12%
5 Years:15%
3 Years:18%
1 Year:1%
Return on Equity
10 Years:13%
5 Years:11%
3 Years:12%
Last Year:17%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 151151151151151151151151151151157157157
Reserves 18,87721,34524,16730,46536,92442,40846,94149,26252,35055,18274,44385,47988,969
Borrowings 1,5692,0046662314841211601845414261,248119158
Other Liabilities 6,9207,9759,49211,87914,40217,56816,71714,03118,33518,89624,25829,55032,412
Total Liabilities 27,51731,47634,47742,72651,96060,24863,96963,62871,37674,656100,106115,304121,696
Fixed Assets 10,02211,03412,49012,53013,31113,38915,43715,74414,98913,74727,94127,86529,337
CWIP 1,9662,6401,8901,0071,2522,1321,6071,4151,4972,9364,1437,7358,303
Investments 7,42110,52713,29820,67629,15136,12337,50437,48842,94542,03549,18457,29657,820
Other Assets 8,1077,2756,8008,5138,2478,6049,4218,98011,94615,93718,83722,40826,237
Total Assets 27,51731,47634,47742,72651,96060,24863,96963,62871,37674,656100,106115,304121,696

Below is a detailed analysis of the balance sheet data for Maruti Suzuki India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹157.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹157.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹88,969.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹85,479.00 Cr. (Mar 2024) to ₹88,969.00 Cr., marking an increase of 3,490.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹158.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹119.00 Cr. (Mar 2024) to ₹158.00 Cr., marking an increase of 39.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹32,412.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹29,550.00 Cr. (Mar 2024) to ₹32,412.00 Cr., marking an increase of 2,862.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹121,696.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹115,304.00 Cr. (Mar 2024) to ₹121,696.00 Cr., marking an increase of 6,392.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹29,337.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹27,865.00 Cr. (Mar 2024) to ₹29,337.00 Cr., marking an increase of 1,472.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹8,303.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹7,735.00 Cr. (Mar 2024) to ₹8,303.00 Cr., marking an increase of 568.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹57,820.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹57,296.00 Cr. (Mar 2024) to ₹57,820.00 Cr., marking an increase of 524.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹26,237.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹22,408.00 Cr. (Mar 2024) to ₹26,237.00 Cr., marking an increase of 3,829.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹121,696.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹115,304.00 Cr. (Mar 2024) to ₹121,696.00 Cr., marking an increase of 6,392.00 Cr..

Notably, the Reserves (₹88,969.00 Cr.) exceed the Borrowings (158.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +4,0594,9956,4498,48210,28211,7886,6013,4968,8561,84010,81516,801
Cash from Investing Activity +-3,119-4,997-4,491-7,230-9,173-8,302-3,540-557-7,291-239-8,820-11,865
Cash from Financing Activity +-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-39-76-4516-2050113-16520-6780874

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow3.003.00-660.00-222.00-474.00-109.00-149.00-177.00-536.00-421.0012.00-101.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days131288671010781012
Inventory Days212028302521202222202319
Days Payable475757706570595173545862
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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters56.37%56.37%56.37%56.37%56.37%56.48%56.48%56.48%58.19%58.19%58.19%58.19%
FIIs23.60%22.57%21.89%21.84%21.49%21.11%21.87%21.85%20.60%19.64%18.98%17.68%
DIIs15.29%16.25%18.01%18.10%18.19%18.57%18.07%18.15%17.64%18.86%19.37%20.75%
Government0.00%0.00%0.00%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.07%0.07%
Public4.74%4.81%3.73%3.62%3.89%3.78%3.51%3.45%3.50%3.24%3.41%3.31%
No. of Shareholders4,21,9124,31,8893,95,4413,92,5514,18,2884,15,1273,78,3233,68,6083,87,7673,64,3753,89,3143,82,573

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund2,762,4795.112814.111,180,6592025-03-11133.98%
SBI Nifty 50 ETF2,390,8661.422435.551,180,6592025-03-11102.5%
ICICI Prudential Bluechip Fund2,103,6594.32142.981,180,6592025-03-1178.18%
ICICI Prudential Balanced Advantage Fund1,948,9803.671985.411,180,6592025-03-1165.08%
SBI S&P BSE Sensex ETF1,702,2481.651733.451,180,6592025-03-1144.18%
Kotak Flexicap Fund - Regular Plan1,525,0003.51553.51,180,6592025-03-1129.17%
ICICI Prudential Equity & Debt Fund1,280,1354.181304.061,180,6592025-03-118.43%
ICICI Prudential Multi Asset Fund1,180,6593.661202.731,180,6592025-03-110%
ICICI Prudential Flexicap Fund1,078,74281098.91,180,6592025-03-11-8.63%
HDFC Flexi Cap Fund - Regular Plan950,0002.03967.761,180,6592025-03-11-19.54%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 429.01271.82128.43145.30187.95
Diluted EPS (Rs.) 429.01271.82128.43145.30187.95
Cash EPS (Rs.) 588.10359.58215.45240.21300.91
Book Value[Excl.RevalReserv]/Share (Rs.) 2723.792046.071832.231738.431636.83
Book Value[Incl.RevalReserv]/Share (Rs.) 2723.792046.071832.231738.431636.83
Revenue From Operations / Share (Rs.) 4512.033893.092924.832330.202505.30
PBDIT / Share (Rs.) 719.46435.71246.72274.43352.55
PBIT / Share (Rs.) 552.29342.14154.37173.97235.72
PBT / Share (Rs.) 546.13335.95150.18170.60231.27
Net Profit / Share (Rs.) 420.93266.01123.10139.74184.08
NP After MI And SOA / Share (Rs.) 429.01271.89128.46145.33187.95
PBDIT Margin (%) 15.9411.198.4311.7714.07
PBIT Margin (%) 12.248.785.277.469.40
PBT Margin (%) 12.108.625.137.329.23
Net Profit Margin (%) 9.326.834.205.997.34
NP After MI And SOA Margin (%) 9.506.984.396.237.50
Return on Networth / Equity (%) 15.7513.287.018.3611.48
Return on Capital Employeed (%) 19.4216.028.089.5213.60
Return On Assets (%) 11.699.705.196.158.92
Total Debt / Equity (X) 0.000.010.010.010.00
Asset Turnover Ratio (%) 1.421.481.221.051.20
Current Ratio (X) 0.870.570.981.150.74
Quick Ratio (X) 0.660.360.770.960.46
Inventory Turnover Ratio (X) 16.4411.9412.0710.6310.60
Dividend Payout Ratio (NP) (%) 20.1522.0735.0441.2942.57
Dividend Payout Ratio (CP) (%) 14.5016.4220.3824.4126.25
Earning Retention Ratio (%) 79.8577.9364.9658.7157.43
Cash Earning Retention Ratio (%) 85.5083.5879.6275.5973.75
Interest Coverage Ratio (X) 116.8470.3758.8581.4179.34
Interest Coverage Ratio (Post Tax) (X) 69.3643.9630.3642.4542.42
Enterprise Value (Cr.) 393761.56251612.23225648.68204608.95129591.95
EV / Net Operating Revenue (X) 2.782.142.552.911.71
EV / EBITDA (X) 17.4119.1230.2824.6912.17
MarketCap / Net Operating Revenue (X) 2.802.132.582.941.71
Retention Ratios (%) 79.8477.9264.9558.7057.42
Price / BV (X) 4.634.054.133.952.62
Price / Net Operating Revenue (X) 2.802.132.582.941.71
EarningsYield 0.030.030.010.020.04

After reviewing the key financial ratios for Maruti Suzuki India Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 429.01. This value is within the healthy range. It has increased from 271.82 (Mar 23) to 429.01, marking an increase of 157.19.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 429.01. This value is within the healthy range. It has increased from 271.82 (Mar 23) to 429.01, marking an increase of 157.19.
  • For Cash EPS (Rs.), as of Mar 24, the value is 588.10. This value is within the healthy range. It has increased from 359.58 (Mar 23) to 588.10, marking an increase of 228.52.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 2,723.79. It has increased from 2,046.07 (Mar 23) to 2,723.79, marking an increase of 677.72.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 2,723.79. It has increased from 2,046.07 (Mar 23) to 2,723.79, marking an increase of 677.72.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 4,512.03. It has increased from 3,893.09 (Mar 23) to 4,512.03, marking an increase of 618.94.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 719.46. This value is within the healthy range. It has increased from 435.71 (Mar 23) to 719.46, marking an increase of 283.75.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 552.29. This value is within the healthy range. It has increased from 342.14 (Mar 23) to 552.29, marking an increase of 210.15.
  • For PBT / Share (Rs.), as of Mar 24, the value is 546.13. This value is within the healthy range. It has increased from 335.95 (Mar 23) to 546.13, marking an increase of 210.18.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 420.93. This value is within the healthy range. It has increased from 266.01 (Mar 23) to 420.93, marking an increase of 154.92.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 429.01. This value is within the healthy range. It has increased from 271.89 (Mar 23) to 429.01, marking an increase of 157.12.
  • For PBDIT Margin (%), as of Mar 24, the value is 15.94. This value is within the healthy range. It has increased from 11.19 (Mar 23) to 15.94, marking an increase of 4.75.
  • For PBIT Margin (%), as of Mar 24, the value is 12.24. This value is within the healthy range. It has increased from 8.78 (Mar 23) to 12.24, marking an increase of 3.46.
  • For PBT Margin (%), as of Mar 24, the value is 12.10. This value is within the healthy range. It has increased from 8.62 (Mar 23) to 12.10, marking an increase of 3.48.
  • For Net Profit Margin (%), as of Mar 24, the value is 9.32. This value is within the healthy range. It has increased from 6.83 (Mar 23) to 9.32, marking an increase of 2.49.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.50. This value is within the healthy range. It has increased from 6.98 (Mar 23) to 9.50, marking an increase of 2.52.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 15.75. This value is within the healthy range. It has increased from 13.28 (Mar 23) to 15.75, marking an increase of 2.47.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 19.42. This value is within the healthy range. It has increased from 16.02 (Mar 23) to 19.42, marking an increase of 3.40.
  • For Return On Assets (%), as of Mar 24, the value is 11.69. This value is within the healthy range. It has increased from 9.70 (Mar 23) to 11.69, marking an increase of 1.99.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.01 (Mar 23) to 0.00, marking a decrease of 0.01.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.42. It has decreased from 1.48 (Mar 23) to 1.42, marking a decrease of 0.06.
  • For Current Ratio (X), as of Mar 24, the value is 0.87. This value is below the healthy minimum of 1.5. It has increased from 0.57 (Mar 23) to 0.87, marking an increase of 0.30.
  • For Quick Ratio (X), as of Mar 24, the value is 0.66. This value is below the healthy minimum of 1. It has increased from 0.36 (Mar 23) to 0.66, marking an increase of 0.30.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 16.44. This value exceeds the healthy maximum of 8. It has increased from 11.94 (Mar 23) to 16.44, marking an increase of 4.50.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 20.15. This value is within the healthy range. It has decreased from 22.07 (Mar 23) to 20.15, marking a decrease of 1.92.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 14.50. This value is below the healthy minimum of 20. It has decreased from 16.42 (Mar 23) to 14.50, marking a decrease of 1.92.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 79.85. This value exceeds the healthy maximum of 70. It has increased from 77.93 (Mar 23) to 79.85, marking an increase of 1.92.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 85.50. This value exceeds the healthy maximum of 70. It has increased from 83.58 (Mar 23) to 85.50, marking an increase of 1.92.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 116.84. This value is within the healthy range. It has increased from 70.37 (Mar 23) to 116.84, marking an increase of 46.47.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 69.36. This value is within the healthy range. It has increased from 43.96 (Mar 23) to 69.36, marking an increase of 25.40.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 393,761.56. It has increased from 251,612.23 (Mar 23) to 393,761.56, marking an increase of 142,149.33.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.78. This value is within the healthy range. It has increased from 2.14 (Mar 23) to 2.78, marking an increase of 0.64.
  • For EV / EBITDA (X), as of Mar 24, the value is 17.41. This value exceeds the healthy maximum of 15. It has decreased from 19.12 (Mar 23) to 17.41, marking a decrease of 1.71.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.80. This value is within the healthy range. It has increased from 2.13 (Mar 23) to 2.80, marking an increase of 0.67.
  • For Retention Ratios (%), as of Mar 24, the value is 79.84. This value exceeds the healthy maximum of 70. It has increased from 77.92 (Mar 23) to 79.84, marking an increase of 1.92.
  • For Price / BV (X), as of Mar 24, the value is 4.63. This value exceeds the healthy maximum of 3. It has increased from 4.05 (Mar 23) to 4.63, marking an increase of 0.58.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.80. This value is within the healthy range. It has increased from 2.13 (Mar 23) to 2.80, marking an increase of 0.67.
  • For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Maruti Suzuki India Ltd as of March 12, 2025 is: ₹9,704.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Maruti Suzuki India Ltd is Overvalued by 16.80% compared to the current share price 11,664.00

Intrinsic Value of Maruti Suzuki India Ltd as of March 12, 2025 is: 12,233.37

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Maruti Suzuki India Ltd is Undervalued by 4.88% compared to the current share price 11,664.00

Last 5 Year EPS CAGR: 26.06%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -27.33, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -28.42, which is a positive sign.
  4. The company has higher reserves (48,216.31 cr) compared to borrowings (608.54 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (82.31 cr) and profit (8.46 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Maruti Suzuki India Ltd:
      1. Net Profit Margin: 9.32%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 19.42% (Industry Average ROCE: 12.06%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 15.75% (Industry Average ROE: 16.75%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 69.36
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 0.66
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 25.2 (Industry average Stock P/E: 20.9)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    Maruti Suzuki India Ltd. is a Public Limited Listed company incorporated on 24/02/1981 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L34103DL1981PLC011375 and registration number is 011375. Currently Company is involved in the business activities of Manufacture of motor vehicles. Company's Total Operating Revenue is Rs. 140932.60 Cr. and Equity Capital is Rs. 157.20 Cr. for the Year ended 31/03/2024.
    INDUSTRYADDRESSCONTACT
    Auto - Cars & Jeeps1, Nelson Mandela Road, Vasant Kunj, New Delhi Delhi 110070contact@maruti.co.in
    http://www.marutisuzuki.com
    Management
    NamePosition Held
    Mr. R C BhargavaChairman
    Mr. Kenichi AyukawaDirector
    Mr. Hisashi TakeuchiManaging Director & CEO
    Mr. D S BrarIndependent Director
    Mr. R P SinghIndependent Director
    Ms. Lira GoswamiIndependent Director
    Mr. Maheswar SahuIndependent Director
    Mr. O SuzukiDirector & Honorary Chairman
    Mr. T SuzukiDirector
    Mr. Kenichiro ToyofukuDirector - Corporate
    Mr. Kinji SaitoDirector

    FAQ

    What is the latest intrinsic value of Maruti Suzuki India Ltd?

    The latest intrinsic value of Maruti Suzuki India Ltd as on 11 March 2025 is ₹9704.54, which is 16.80% lower than the current market price of 11,664.00, indicating the stock is overvalued by 16.80%. The intrinsic value of Maruti Suzuki India Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹3,66,724 Cr. and recorded a high/low of ₹13,680/10,725 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹88,969 Cr and total liabilities of ₹121,696 Cr.

    What is the Market Cap of Maruti Suzuki India Ltd?

    The Market Cap of Maruti Suzuki India Ltd is 3,66,724 Cr..

    What is the current Stock Price of Maruti Suzuki India Ltd as on 11 March 2025?

    The current stock price of Maruti Suzuki India Ltd as on 11 March 2025 is ₹11,664.

    What is the High / Low of Maruti Suzuki India Ltd stocks in FY 2024-2025?

    In FY 2024-2025, the High / Low of Maruti Suzuki India Ltd stocks is ₹13,680/10,725.

    What is the Stock P/E of Maruti Suzuki India Ltd?

    The Stock P/E of Maruti Suzuki India Ltd is 25.2.

    What is the Book Value of Maruti Suzuki India Ltd?

    The Book Value of Maruti Suzuki India Ltd is 2,835.

    What is the Dividend Yield of Maruti Suzuki India Ltd?

    The Dividend Yield of Maruti Suzuki India Ltd is 1.07 %.

    What is the ROCE of Maruti Suzuki India Ltd?

    The ROCE of Maruti Suzuki India Ltd is 21.8 %.

    What is the ROE of Maruti Suzuki India Ltd?

    The ROE of Maruti Suzuki India Ltd is 16.8 %.

    What is the Face Value of Maruti Suzuki India Ltd?

    The Face Value of Maruti Suzuki India Ltd is 5.00.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Maruti Suzuki India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE