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MARU

Maruti Suzuki IndiaNSEI:MARUTI Stock Report

Market Cap

₹2.2t

7D

-11.7%

1Y

1.9%

Updated

27 Nov, 2021

Data

Company Financials +
MARUTI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance1/6
Financial Health6/6
Dividends4/6

MARUTI Stock Overview

Maruti Suzuki India Limited manufactures, purchases, and sells motor vehicles, components, and spare parts primarily in India, rest of Asia, Europe, Africa, Oceania, and Latin America.

Price History & Performance

Summary of all time highs, changes and price drops for Maruti Suzuki India
Historical stock prices
Current Share Price₹7,170.50
52 Week High₹8,368.00
52 Week Low₹6,400.00
Beta0.97
1 Month Change-2.70%
3 Month Change8.24%
1 Year Change1.91%
3 Year Change-6.41%
5 Year Change41.48%
Change since IPO4,264.27%

Recent News & Updates

Sep 10
Is Now The Time To Look At Buying Maruti Suzuki India Limited (NSE:MARUTI)?

Is Now The Time To Look At Buying Maruti Suzuki India Limited (NSE:MARUTI)?

Today we're going to take a look at the well-established Maruti Suzuki India Limited ( NSE:MARUTI ). The company's...

Aug 03
Maruti Suzuki India's (NSE:MARUTI) Dividend Will Be Reduced To ₹45.00

Maruti Suzuki India's (NSE:MARUTI) Dividend Will Be Reduced To ₹45.00

Maruti Suzuki India Limited ( NSE:MARUTI ) is reducing its dividend to ₹45.00 on the 2nd of September. This means that...

Shareholder Returns

MARUTIIN AutoIN Market
7D-11.7%-8.8%-3.3%
1Y1.9%19.6%43.0%

Return vs Industry: MARUTI underperformed the Indian Auto industry which returned 19.6% over the past year.

Return vs Market: MARUTI underperformed the Indian Market which returned 43% over the past year.

Price Volatility

Is MARUTI's price volatile compared to industry and market?
MARUTI volatility
MARUTI Average Weekly Movement4.6%
Auto Industry Average Movement4.4%
Market Average Movement6.1%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.8%

Stable Share Price: MARUTI is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MARUTI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198116,025Kenichi Ayukawahttps://www.marutisuzuki.com

Maruti Suzuki India Limited manufactures, purchases, and sells motor vehicles, components, and spare parts primarily in India, rest of Asia, Europe, Africa, Oceania, and Latin America. The company offers passenger vehicles, multi utility vehicles, and multi-purpose vehicles. It is also involved in the facilitation of pre-owned car sales, fleet management, and car financing.

Maruti Suzuki India Fundamentals Summary

How do Maruti Suzuki India's earnings and revenue compare to its market cap?
MARUTI fundamental statistics
Market Cap₹2.17t
Earnings (TTM)₹42.00b
Revenue (TTM)₹858.33b

51.6x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MARUTI income statement (TTM)
Revenue₹858.33b
Cost of Revenue₹641.09b
Gross Profit₹217.24b
Expenses₹175.24b
Earnings₹42.00b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)139.03
Gross Margin25.31%
Net Profit Margin4.89%
Debt/Equity Ratio0.3%

How did MARUTI perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Maruti Suzuki India undervalued compared to its fair value and its price relative to the market?

51.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MARUTI (₹7170.5) is trading above our estimate of fair value (₹2887.18)

Significantly Below Fair Value: MARUTI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MARUTI is poor value based on its PE Ratio (51.6x) compared to the Indian Auto industry average (35.9x).

PE vs Market: MARUTI is poor value based on its PE Ratio (51.6x) compared to the Indian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: MARUTI is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: MARUTI is overvalued based on its PB Ratio (4.1x) compared to the IN Auto industry average (3.8x).


Future Growth

How is Maruti Suzuki India forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

26.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARUTI's forecast earnings growth (26.9% per year) is above the savings rate (6.7%).

Earnings vs Market: MARUTI's earnings (26.9% per year) are forecast to grow faster than the Indian market (20.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MARUTI's revenue (9.8% per year) is forecast to grow slower than the Indian market (12.7% per year).

High Growth Revenue: MARUTI's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MARUTI's Return on Equity is forecast to be low in 3 years time (11.5%).


Past Performance

How has Maruti Suzuki India performed over the past 5 years?

-16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MARUTI has a large one-off gain of ₹27.5B impacting its September 30 2021 financial results.

Growing Profit Margin: MARUTI's current net profit margins (4.9%) are lower than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: MARUTI's earnings have declined by 16.9% per year over the past 5 years.

Accelerating Growth: MARUTI's earnings growth over the past year (3.4%) exceeds its 5-year average (-16.9% per year).

Earnings vs Industry: MARUTI earnings growth over the past year (3.4%) underperformed the Auto industry 39.5%.


Return on Equity

High ROE: MARUTI's Return on Equity (8%) is considered low.


Financial Health

How is Maruti Suzuki India's financial position?


Financial Position Analysis

Short Term Liabilities: MARUTI's short term assets (₹142.2B) exceed its short term liabilities (₹132.9B).

Long Term Liabilities: MARUTI's short term assets (₹142.2B) exceed its long term liabilities (₹22.3B).


Debt to Equity History and Analysis

Debt Level: MARUTI has more cash than its total debt.

Reducing Debt: MARUTI's debt to equity ratio has reduced from 1.3% to 0.3% over the past 5 years.

Debt Coverage: MARUTI's debt is well covered by operating cash flow (1588.6%).

Interest Coverage: MARUTI's interest payments on its debt are well covered by EBIT (96.8x coverage).


Balance Sheet


Dividend

What is Maruti Suzuki India current dividend yield, its reliability and sustainability?

0.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MARUTI's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: MARUTI's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (1.47%).


Stability and Growth of Payments

Stable Dividend: MARUTI's dividend payments have been volatile in the past 10 years.

Growing Dividend: MARUTI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.4%), MARUTI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MARUTI's dividends in 3 years are forecast to be well covered by earnings (27.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Kenichi Ayukawa (66 yo)

8.58yrs

Tenure

₹41,866,100

Compensation

Mr. Kenichi Ayukawa has been the Managing Director and Chief Executive Officer of Maruti Suzuki India Limited since April 1, 2013. Mr. Ayukawa has been an Executive Vice President of Suzuki Motor Corporati...


CEO Compensation Analysis

Compensation vs Market: Kenichi's total compensation ($USD557.83K) is below average for companies of similar size in the Indian market ($USD1.13M).

Compensation vs Earnings: Kenichi's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MARUTI's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: MARUTI's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Maruti Suzuki India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Maruti Suzuki India Limited
  • Ticker: MARUTI
  • Exchange: NSEI
  • Founded: 1981
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: ₹2.166t
  • Shares outstanding: 302.08m
  • Website: https://www.marutisuzuki.com

Number of Employees


Location

  • Maruti Suzuki India Limited
  • 1, Nelson Mandela Road
  • Vasant Kunj
  • New Delhi
  • Delhi
  • 110070
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 12:06
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.