Maruti Suzuki India Ltd.

BSE: MARUTI532500ISIN INE585B01010

Consumer Discretionary
Passenger Cars & Utility Vehicles
BSE SENSEX

Share price

₹11,969.25+100.25 (+0.84%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹17,371.60
52W low: ₹10,984.30
Off 52W high: -31.10%
1M return: +3.88%
3M return: -15.47%
6M return: -12.76%
1Y return: -22.13%
20D avg volume: 25,732
50 DMA: ₹12,075.85
200 DMA: ₹13,409.66

Key ratios Consolidated

Market cap: ₹3,76,316 Cr
Current price: ₹11,969.25
52W high / low: ₹17,371.60 / ₹10,984.30
Face value: ₹5.00
P/E: 27.98
P/B: 3.45
EPS (TTM): ₹427.83
Book value / share: ₹3,466.99
ROE: —
ROCE: 17.00%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-66.90 Cr
Interest cover: 79.90
Dividend yield: 1.17%
Dividend / share (TTM): ₹140.00
Payout: 32.72%
Cash conversion cycle: -11.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	53,356	52,470	52,462	49,904	42,344	38,605	40,920	38,764	37,449	35,779	38,471	33,513
	413.60	1,874	483.90	1,055	946.20	1,888	1,511	1,058	1,523	1,060	1,184	996.40
	53,769	54,344	52,946	50,959	43,290	40,493	42,431	39,822	38,972	36,840	39,655	34,509
	50,619	50,000	48,125	46,127	39,018	35,585	37,586	35,163	33,879	32,062	34,625	30,410
	37,488	32,013	35,169	29,234	25,324	21,937	23,333	21,965	21,773	20,247	20,860	18,561
	5,941	5,439	4,945	5,854	6,682	5,704	6,164	4,709	4,923	5,605	5,849	4,774
	2,350	2,464	2,248	2,701	2,052	2,048	1,801	1,787	1,681	1,758	1,571	1,530
	67.70	63.50	73.00	61.70	57.20	46.80	47.60	46.30	43.00	57.30	76.20	35.80
	1,960	1,780	1,748	1,735	1,703	1,556	1,462	1,429	1,386	1,332	1,298	1,302
	5,651	5,338	5,569	5,362	4,747	4,573	5,356	4,670	4,341	4,323	4,682	4,242
	3,150	4,344	4,821	4,832	4,272	4,908	4,846	4,659	5,093	4,778	5,030	4,099
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3,150	4,344	4,821	4,832	4,272	4,908	4,846	4,659	5,093	4,778	5,030	4,099
	753.00	994.30	1,259	1,038	990.30	1,151	1,007	999.10	2,038	1,076	1,155	948.80
	2,466	3,447	3,659	3,879	3,349	3,792	3,911	3,727	3,102	3,760	3,952	3,207
	78.44	109.63	116.38	123.38	106.52	120.62	124.40	118.54	98.68	119.58	125.71	102.00
Key metrics
	5,178	6,187	6,642	6,628	6,032	6,511	6,355	6,134	6,522	6,167	6,405	5,436
	9.70%	11.80%	12.70%	13.30%	14.20%	16.90%	15.50%	15.80%	17.40%	17.20%	16.60%	16.20%
	4.60%	6.60%	7.00%	7.80%	7.90%	9.80%	9.60%	9.60%	8.30%	10.50%	10.30%	9.60%
	2.80%	—	4.40%	—	4.10%	—	4.80%	—	—	—	—	—
	26.00%	35.90%	28.20%	28.70%	13.10%	7.90%	6.40%	15.70%	—	—	—	—
	-26.40%	-9.10%	-6.40%	4.10%	7.90%	0.90%	-1.00%	16.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,08,192	1,83,316	1,52,913	1,41,858	1,17,571	88,330	70,372	75,660	86,068	82,041
	3,827	4,357	5,022	4,094	2,141	1,745	2,936	3,334	2,562	2,046
	2,12,018	1,87,673	1,57,935	1,45,952	1,19,712	90,074	73,308	78,994	88,630	84,087
	1,94,872	1,68,840	1,38,559	1,28,781	1,09,566	85,539	68,156	72,010	78,162	73,083
	1,33,904	1,11,664	87,318	78,915	46,670	39,740	33,296	34,635	45,026	44,943
	22,179	23,184	21,400	21,204	39,985	26,398	17,254	18,767	15,027	10,002
	9,764	9,050	7,026	6,302	4,635	4,051	3,432	3,416	3,285	2,863
	265.90	238.70	194.20	193.60	187.00	126.60	101.80	134.20	75.90	345.80
	7,223	6,742	5,608	5,256	2,826	2,789	3,034	3,528	3,021	—
	21,920	20,235	18,240	17,550	15,806	12,673	10,838	11,890	11,638	9,996
	17,147	18,833	19,376	17,170	10,146	4,535	5,152	6,984	10,468	11,004
	0.00	0.00	0.00	0.00	177.40	161.90	0.00	0.00	0.00	0.00
	17,147	18,833	19,376	17,170	10,323	4,697	5,152	6,984	10,468	11,004
	4,045	4,439	5,120	3,936	2,112	817.70	931.90	1,425	2,973	3,286
	13,451	14,680	14,500	13,488	8,211	3,880	4,389	5,678	7,651	7,881
	427.83	466.90	461.20	429.01	271.82	128.43	145.30	187.95	253.26	—
Key metrics
	24,635	25,813	25,178	22,620	13,336	7,613	8,288	10,647	13,565	11,349
	11.83%	14.10%	16.50%	15.90%	11.30%	8.60%	11.80%	14.10%	15.80%	13.80%
	6.46%	8.00%	9.50%	9.50%	7.00%	4.40%	6.20%	7.50%	8.90%	9.60%
	—	17.00%	19.30%	—	—	—	—	—	—	—
	29.61%	19.90%	7.80%	20.70%	33.10%	25.50%	-7.00%	-12.10%	4.90%	—
	-8.99%	1.20%	7.50%	64.30%	111.70%	-11.60%	-22.70%	-25.80%	-2.90%	—
	—	8,977	5,886	—	—	—	—	—	—	—
	—	1.30	1.11	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-66.90	-184.50	—	—	—	—	—	—	—
	—	-11.0	-16.8	—	—	—	—	—	—	—
Balance sheet
	—	1,48,881	1,31,972	—	—	—	—	—	—	—
	—	38,957	29,524	—	—	—	—	—	—	—
	—	66.90	184.50	—	—	—	—	—	—	—
	—	5,342	6,540	—	—	—	—	—	—	—
	—	11,321	6,913	—	—	—	—	—	—	—
	—	4,905	3,789	—	—	—	—	—	—	—
	—	34,020	32,493	—	—	—	—	—	—	—
	—	22,134	20,502	—	—	—	—	—	—	—
	—	36,480	30,570	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	1,07,156	96,240	—	—	—	—	—	—	—
Cash flow
	—	19,100	16,136	—	—	—	—	—	—	—
	—	-14,734	-14,456	—	—	—	—	—	—	—
	—	-4,484	-4,155	—	—	—	—	—	—	—
	—	10,123	10,250	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	53,340	52,456	52,449	49,892	42,101	38,414	40,674	38,492	37,203	35,531	38,235	33,309
	429.80	1,874	499.80	1,054	913.10	1,823	1,447	985.00	1,475	975.10	1,118	933.00
	53,770	54,329	52,949	50,946	43,014	40,237	42,120	39,477	38,678	36,506	39,353	34,242
	50,604	49,988	48,113	46,116	38,763	35,402	37,329	34,875	33,577	31,817	34,355	30,188
	37,488	32,013	35,169	29,234	15,002	13,440	14,471	12,991	13,341	12,124	12,104	11,095
	5,937	5,436	4,941	5,852	17,048	14,543	15,472	13,886	13,372	13,704	14,710	12,525
	2,347	2,457	2,247	2,693	1,782	1,775	1,569	1,542	1,469	1,558	1,366	1,339
	67.70	63.50	73.00	61.70	57.00	46.60	47.20	48.40	40.20	57.30	76.20	35.40
	1,960	1,780	1,748	1,734	1,039	937.50	872.40	805.00	750.90	731.00	729.00	751.70
	5,644	5,336	5,561	5,360	5,117	4,914	5,605	4,995	4,644	4,649	4,950	4,495
	3,166	4,341	4,836	4,830	4,251	4,834	4,792	4,602	5,100	4,689	4,998	4,054
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	3,166	4,341	4,836	4,830	4,251	4,834	4,792	4,602	5,100	4,689	4,998	4,054
	750.90	989.20	1,246	1,036	957.90	1,122	1,081	1,077	2,031	1,039	1,120	923.80
	2,415	3,352	3,590	3,794	3,293	3,712	3,711	3,525	3,069	3,650	3,878	3,130
	76.81	106.62	114.20	120.67	104.74	118.06	118.04	112.12	97.62	116.09	123.34	101.90
Key metrics
	5,193	6,185	6,657	6,626	5,347	5,818	5,711	5,455	5,892	5,477	5,803	4,841
	9.70%	11.80%	12.70%	13.30%	12.70%	15.10%	14.00%	14.20%	15.80%	15.40%	15.20%	14.50%
	4.50%	6.40%	6.80%	7.60%	7.80%	9.70%	9.10%	9.20%	8.20%	10.30%	10.10%	9.40%
	2.90%	—	4.50%	—	4.20%	—	4.90%	—	—	—	—	—
	26.70%	36.60%	29.00%	29.60%	13.20%	8.10%	6.40%	15.60%	—	—	—	—
	-26.70%	-9.70%	-3.20%	7.60%	7.30%	1.70%	-4.30%	12.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,08,137	1,83,266	1,51,900	1,40,933	1,17,523	88,296	70,332	75,611	86,020	81,994
	3,858	4,392	4,750	3,855	2,161	1,794	2,946	3,421	2,561	2,046
	2,11,994	1,87,658	1,56,650	1,44,787	1,19,684	90,089	73,279	79,031	88,581	84,040
	1,94,821	1,68,795	1,37,467	1,27,747	1,09,525	85,507	68,120	71,967	78,116	73,036
	1,33,904	1,11,663	52,927	45,940	46,670	39,739	33,297	34,637	45,024	44,941
	22,165	23,174	56,434	55,110	39,977	26,390	17,247	18,758	15,020	9,993
	9,744	9,029	6,137	5,478	4,605	4,022	3,403	3,384	3,255	2,834
	265.90	238.70	193.10	193.20	186.60	125.90	100.80	132.90	75.80	345.70
	7,222	6,740	3,159	3,022	2,823	2,786	3,032	3,526	3,019	2,758
	21,900	20,220	19,507	18,635	15,804	12,679	10,840	11,889	11,634	9,992
	17,173	18,863	19,183	17,040	10,159	4,582	5,159	7,065	10,466	11,003
	0.00	0.00	0.00	—	—	—	—	—	—	—
	17,173	18,863	19,183	17,040	10,159	4,582	5,159	7,065	10,466	11,003
	4,022	4,418	5,228	3,831	2,110	816.00	929.70	1,414	2,965	3,282
	13,152	14,445	13,955	13,209	8,049	3,766	4,230	5,651	7,501	7,722
	418.30	459.46	443.86	431.08	266.46	124.68	140.02	187.06	248.30	—
Key metrics
	24,661	25,842	22,536	20,256	13,169	7,495	8,292	10,723	13,560	14,107
	11.85%	14.10%	14.80%	14.40%	11.20%	8.50%	11.80%	14.20%	15.80%	17.20%
	6.32%	7.90%	9.20%	9.40%	6.80%	4.30%	6.00%	7.50%	8.70%	9.40%
	—	17.30%	19.60%	—	—	—	—	—	—	—
	30.35%	20.60%	7.80%	19.90%	33.10%	25.50%	-7.00%	-12.10%	4.90%	—
	-7.65%	3.50%	5.60%	64.10%	113.70%	-11.00%	-25.10%	-24.70%	-2.90%	—
	—	8,942	5,664	—	—	—	—	—	—	—
	—	1.32	1.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-63.30	-78.00	—	—	—	—	—	—	—
	—	-11.0	-13.9	—	—	—	—	—	—	—
Balance sheet
	—	1,46,742	1,25,620	—	—	—	—	—	—	—
	—	38,911	23,252	—	—	—	—	—	—	—
	—	63.30	78.00	—	—	—	—	—	—	—
	—	5,336	6,538	—	—	—	—	—	—	—
	—	11,315	5,123	—	—	—	—	—	—	—
	—	4,884	3,810	—	—	—	—	—	—	—
	—	34,008	24,224	—	—	—	—	—	—	—
	—	22,131	17,421	—	—	—	—	—	—	—
	—	36,477	26,721	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	1,05,110	94,047	—	—	—	—	—	—	—
Cash flow
	—	19,063	14,012	—	—	—	—	—	—	—
	—	-14,696	-10,242	—	—	—	—	—	—	—
	—	-4,484	-4,149	—	—	—	—	—	—	—
	—	10,122	8,349	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +15.96%
Sales CAGR 5Y: +21.11%
Profit CAGR 3Y: +21.52%
Profit CAGR 5Y: +27.85%
Sales YoY (TTM): +30.35%
Profit YoY (TTM): -7.65%

Consolidated

Sales CAGR 3Y: +15.96%
Sales CAGR 5Y: +21.10%
Profit CAGR 3Y: +21.37%
Profit CAGR 5Y: +27.31%
Sales YoY (TTM): +29.61%
Profit YoY (TTM): -8.99%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 58.72%

Quarter	September 2026	June 2026
Promoter %	58.72%	58.65%

Holder	Type	Holding	Previous	Change
SUZUKI MOTOR CORPORATION	Promoter	58.72%	58.65%	+0.07%
LIFE INSURANCE CORPORATION OF INDIA - ULIF00320091	Public	5.85%	—	—
ICICI PRUDENTIAL BHARAT CONSUMPTION FUND	Public	3.33%	—	—
HDFC MUTUAL FUND - HDFC BSE 500 ETF	Public	2.36%	—	—
SBI EQUITY MINIMUM VARIANCE FUND	Public	2.11%	—	—
NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT	Public	1.99%	—	—
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK CONSUMPTIO	Public	1.30%	—	—
UTI NIFTY INDIA MANUFACTURING INDEX FUND	Public	1.12%	—	—
Suzuki Motor Sales HOKURIKU INC	Promoter Group	0.00%	0.00%	0.00%
Suzuki Marine Co.,Ltd.	Promoter Group	0.00%	0.00%	0.00%
Suzuki Motor Sales WAKAYAMA INC	Promoter Group	0.00%	0.00%	0.00%
Vietnam Suzuki Corporation	Promoter Group	0.00%	0.00%	0.00%
Suzuki Motor of America, INC.	Promoter Group	0.00%	0.00%	0.00%
Cambodia Suzuki Motor Co., Ltd.	Promoter Group	0.00%	0.00%	0.00%
Suzuki Motor Sales KAGAWA INC.	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Maruti Suzuki India Ltd.	3,76,316	11,969.25	27.98	17.00%	+29.61% TTM	-8.99% TTM	-22.13%
Mahindra & Mahindra Ltd.	3,67,090	2,952.00	18.13	16.30%	+26.18% TTM	+35.82% TTM	-17.58%
HYUNDAI MOTOR INDIA LIMITED	1,67,148	2,057.10	36.54	32.60%	+7.97% TTM	-19.97% TTM	-14.05%
TATA MOTORS PASSENGER VEHICLES LIMITED	1,02,498	278.30	1.29	0.30%	-21.70% TTM	+268.29% TTM	-31.54%
Force Motors Limited	23,637	18,136.75	19.99	33.80%	+16.45% TTM	+10.96% TTM	-0.90%
OLECTRA GREENTECH LIMITED	8,684	1,058.00	48.20	21.00%	+38.43% TTM	+27.78% TTM	-30.25%
MERCURY EV-TECH LIMITED	604	31.77	163.39	2.40%	-11.31% TTM	-59.25% TTM	-25.98%
Hindustan Motors Ltd. S	288	13.79	-72.58	-0.10%	-100.00% TTM	-133.99% TTM	-27.80%

Filings & corporate actions

Recent announcements

Transcript of investors'' call2 Nov 2026 · Company Update / Earnings Call Transcript
Maruti Suzuki Production Volume: October 20261 Nov 2026 · Company Update / General
Maruti Suzuki sales in October 20261 Nov 2026 · Company Update / Press Release / Media Release
Maruti Suzuki, India''s No. 1 Electric Vehicle exporter, crosses EV exports of 50,000 units29 Oct 2026 · Company Update / Press Release / Media Release
Copy of Published Results28 Oct 2026 · Company Update / Newspaper Publication
Audio Recording of the investors'' call held on 27th October 202627 Oct 2026 · Company Update / General
Investor Presentation on the financial results for the quarter ended on 30th September 202627 Oct 2026 · Company Update / Investor Presentation
Maruti Suzuki India Limited Financial Results Q2 and H1 FY 2026-2727 Oct 2026 · Company Update / Press Release / Media Release
Un-audited financial results for the quarter ended on 30th September 202627 Oct 2026 · Board Meeting / Outcome of Board Meeting
Un-audited financial results for the quarter ended on 30th September 202627 Oct 2026 · Result / Financial Results
Incorporation of Wholly Owned Subsidiary27 Oct 2026 · Company Update / Acquisition
Maruti Suzuki VICTORIS AURUM Edition Launched to Celebrate 1 Year of Record Sales Success24 Oct 2026 · Company Update / Press Release / Media Release
Schedule of Conference Call21 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 201515 Oct 2026 · Company Update / General
Copy of notice published in newspaper13 Oct 2026 · Company Update / Newspaper Publication
Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201512 Oct 2026 · Company Update / General
Maruti Suzuki India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve the unaudited financial ....8 Oct 2026 · Board Meeting / Board Meeting
Schedule of Investor Meeting5 Oct 2026 · Company Update / Analyst / Investor Meet
Maruti Suzuki Production Volume: September 20261 Oct 2026 · Company Update / General
Maruti Suzuki sales in September 20261 Oct 2026 · Company Update / Press Release / Media Release
Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 201530 Sep 2026 · Company Update / General
Change in Management30 Sep 2026 · Company Update / Change in Management
Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201528 Sep 2026 · Company Update / General
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Technology Strategy Briefing 202625 Sep 2026 · Company Update / General
Maruti Suzuki commissions its first green hydrogen plant at its Manesar facility in Haryana24 Sep 2026 · Company Update / Press Release / Media Release
Schedule of Investor Meeting21 Sep 2026 · Company Update / Analyst / Investor Meet
Maruti Suzuki Launches Auto Green Mission with the introduction of Automatic S-CNG Swift, Dzire and Baleno18 Sep 2026 · Company Update / Press Release / Media Release
Schedule of Investor Meeting17 Sep 2026 · Company Update / Analyst / Investor Meet
ESG rating by Crisil ESG Ratings & Analytics Limited12 Sep 2026 · Company Update / General
Advance intimation regarding price increase7 Sep 2026 · Company Update / General
Corrigendum5 Sep 2026 · Company Update / General
''Dare to go Glam'' with the Stunning New Baleno: Designed for Dynamic Achievers5 Sep 2026 · Company Update / Press Release / Media Release
Scrutinizer''s Report and Voting Results of 45th Annual General Meeting2 Sep 2026 · AGM/EGM / AGM
India''s Partner in Progress: Maruti Suzuki Eeco crosses 15 lakh sales milestone2 Sep 2026 · Company Update / Press Release / Media Release
Maruti Suzuki Production Volume: August 20261 Sep 2026 · Company Update / General
Maruti Suzuki sales in August 20261 Sep 2026 · Company Update / Press Release / Media Release
Proceedings of 45th Annual General Meeting31 Aug 2026 · AGM/EGM / AGM
Copy of notice published in newspaper14 Aug 2026 · Company Update / Newspaper Publication
Copy of notice published in newspaper9 Aug 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 140.0000	7 Aug 2026	7 Aug 2026	—
Final Dividend - Rs. - 135.0000	1 Aug 2025	1 Aug 2025	—
Final Dividend - Rs. - 125.0000	2 Aug 2024	—	—

Board meetings

27 Oct 2026 Board Meeting - Financial Results
31 Jul 2026 Board Meeting - Financial Results