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    Maruti Suzuki India Limited

    A leading Indian passenger-vehicle maker and the country's top car exporter, part of the Suzuki group.

    Automobile and Auto Components
    Consumer Discretionary
    View MARUTI earnings calls
    ₹13,395
    +1.01% from avg

    Overview

    Price

    ₹13,395

    Market Cap

    ₹4.3L Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital151151151151157157157157
    Reserves49.3k52.4k55.2k61.6k85.5k96.1k99.6k107.0k
    Borrowings1845414261.2k11987100102
    Other Liabilities14.0k18.3k18.9k21.6k29.6k35.6k38.6k41.6k
    Total Liabilities63.6k71.4k74.7k84.6k115.3k132.0k138.5k148.9k
    AssetsFixed Assets15.7k15.0k13.7k17.8k27.9k33.0k35.5k35.0k
    CWIP1.4k1.5k2.9k2.9k7.7k7.9k7.9k9.4k
    Investments37.5k42.9k42.0k49.2k57.3k66.3k65.5k76.8k
    Other Assets9.0k11.9k15.9k14.7k22.4k24.8k29.6k27.7k
    Total Assets63.6k71.4k74.7k84.6k115.3k132.0k138.5k148.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating6.6k3.5k8.9k1.8k9.3k16.8k16.1k19.1k
    Cash from Investing-3.5k-557-7.3k-239-8.0k-11.9k-14.5k-14.7k
    Cash from Financing-2.9k-3.1k-1.5k-1.6k-1.2k-4.1k-4.2k-4.5k
    SummaryCapital Expenditure
    Free Cash Flow1.9k966.5k-1.5k3.0k7.6k5.5k8.8k
    FCF Margin

    Valuation

    Assumptions

    Current — MARUTI
    Price
    ₹13,395
    EPS (TTM)
    ₹466.90
    PE (TTM)
    28.7
    Profit growth
    21.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (28.1×) and current (28.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹13,395
    vs
    Fair value · 15% return
    ₹15,477
    16%Undervalued

    At 21.2% growth and a 28× exit, ₹13395 only delivers your return if you pay ₹15,477. The price is currently baking in 18% growth.

    EPS grows 21.2%/yr for 5 years, then fades to 6% over 2, exits at 28×.

    YearGrowthEPS (₹)
    FY2721.2%565.88
    FY2821.2%685.85
    FY2921.2%831.25
    FY3021.2%1007.48
    FY3121.2%1221.06
    FY3213.6% ·fade1387.12
    FY336.0% ·fade1470.35

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Maruti Suzuki India Limited

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