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Screener Research Unlisted Startup Funding IPO

Maruti Suzuki

₹9674.4 19.5 | 0.2%

Market Cap ₹292572 Cr.

Stock P/E 35.6

P/B 4.7

Current Price ₹9674.4

Book Value ₹ 2045.5

Face Value 5

52W High ₹9801.4

Dividend Yield 0.93%

52W Low ₹ 7626.4

Overview Inc. Year: 1981Industry: Automobiles - Passenger Cars

Maruti Suzuki India Limited is engaged within the production, buying and sale of motor vehicles, additives and spare elements. The Company's other activities accommodates facilitation of pre-owned vehicle sales, fleet management and car financing. The Company gives its products thru 3 channels, namely Nexa, Arena and Commercial. Its portfolio of Nexa merchandise consist of Baleno, XL6, Ignis, S-Cross and Ciaz. Its portfolio of Arena merchandise includes Vitara Brezza, Ertiga, Wagon-R, Dzire, Alto, Celerio, CelerioX, S-Presso, Eeco and Swift. Its portfolio of Commercial products consists of Super Carry and Eeco Cargo. Its provider services consist of Maruti Suzuki Genuine Parts, Maruti Suzuki Genuine Accessories, Maruti Suzuki Finance, Maruti Insurance, Maruti Suzuki Rewards, Maruti Suzuki Subscribe and Maruti Suzuki Driving School. The Company's plant is positioned in Palam Gurgaon Road, Gurgaon, Haryana, and at Manesar Industrial Town, Gurgaon, Haryana.

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Maruti Suzuki Share Price

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Maruti Suzuki Quarterly Results

#(Fig in Cr.) Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 23471 24035 17776 20551 23253 26749 26512 29943 29058 32060
Other Income 994 90 508 506 328 443 81 599 861 743
Total Income 24465 24124 18284 21057 23581 27192 26593 30542 29918 32803
Total Expenditure 21244 22040 16958 19694 21691 24320 24597 27172 26221 28708
Operating Profit 3222 2084 1327 1362 1890 2872 1996 3370 3698 4095
Interest 29 33 22 23 25 56 28 31 30 99
Depreciation 742 742 744 757 641 648 652 723 711 740
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2451 1310 561 583 1224 2168 1316 2616 2958 3256
Provision for Tax 514 143 122 123 210 364 311 566 602 633
Profit After Tax 1937 1168 439 460 1014 1804 1005 2050 2356 2623
Adjustments 60 73 36 27 28 72 31 63 36 48
Profit After Adjustments 1997 1241 475 487 1042 1876 1036 2113 2392 2671
Adjusted Earnings Per Share 66.1 41.1 15.7 16.1 34.5 62.1 34.3 70 79.2 88.4

Maruti Suzuki Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 36090 44304 44542 50801 57589 68085 79809 86069 75660 70372 88330 117573
Other Income 844 830 739 865 1481 2290 2046 2562 3334 2936 1745 2284
Total Income 36934 45135 45281 51666 59070 70375 81855 88630 78994 73308 90075 119856
Total Expenditure 33565 39977 39247 43957 48700 57727 67746 75065 68347 65020 82624 106698
Operating Profit 3369 5158 6034 7709 10369 12648 14109 13565 10647 8288 7451 13159
Interest 62 198 185 218 82 89 346 76 134 102 127 188
Depreciation 1163 1890 2116 2515 2822 2604 2760 3021 3528 3034 2789 2826
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2145 3070 3734 4976 7585 10127 11167 10624 7103 5321 4697 10146
Provision for Tax 512 622 902 1185 2088 2616 3286 2973 1425 932 818 2112
Profit After Tax 1634 2449 2832 3791 5497 7511 7881 7651 5678 4389 3880 8034
Adjustments 47 21 21 17 -1 -1 -1 -2 -2 0 0 178
Profit After Adjustments 1681 2469 2853 3807 5496 7510 7880 7649 5676 4389 3880 8212
Adjusted Earnings Per Share 58.2 81.8 94.5 126.1 182 248.7 260.9 253.3 187.9 145.3 128.5 271.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 1% 5% 9%
Operating Profit CAGR -10% -18% -10% 8%
PAT CAGR -12% -20% -12% 9%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 22% 20% 1% 20%
ROE Average 7% 9% 13% 15%
ROCE Average 9% 11% 17% 20%

Maruti Suzuki Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds 15675 19028 21496 24318 30616 37075 42559 47092 49413 52501 55334
Minority's Interest 0 11 12 13 14 15 16 18 19 0 0
Borrowings 170 705 627 278 0 0 10 8 5 3 0
Other Non-Current Liabilities 579 902 1045 886 1051 1633 2214 2691 2885 2659 2157
Total Current Liabilities 6676 6871 8295 8981 11044 13237 15449 14161 11305 16214 17024
Total Liabilities 23099 27517 31476 34477 42726 51961 60248 63969 63628 71376 74514
Fixed Assets 7746 10022 11034 12490 12530 13311 13389 15437 15744 14989 13747
Other Non-Current Assets 4112 6320 5498 13293 22245 29852 38930 36159 39443 38290 43974
Total Current Assets 11242 11175 14944 8695 7951 8798 7930 12373 8441 18097 16793
Total Assets 23099 27517 31476 34477 42726 51961 60248 63969 63628 71376 74514

Maruti Suzuki Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 119 203 165 89 28 43 23 73 186 21 41
Cash Flow from Operating Activities 2655 4059 4995 6449 8483 10282 11788 6601 3496 8856 1841
Cash Flow from Investing Activities -3181 -3224 -4997 -4491 -7230 -9173 -8302 -3540 -557 -7291 -239
Cash Flow from Financing Activities 610 -979 -74 -2004 -1237 -1129 -3436 -2948 -3104 -1545 -1607
Net Cash Inflow / Outflow 84 -144 -76 -45 16 -21 50 113 -165 20 -6
Closing Cash & Cash Equivalent 203 165 89 43 43 23 73 186 21 41 35

Maruti Suzuki Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) 58.17 81.76 94.47 126.07 181.99 248.67 260.93 253.28 187.95 145.33 128.46
CEPS(Rs) 96.76 143.65 163.83 208.8 275.46 334.93 352.33 353.36 304.83 245.8 220.81
DPS(Rs) 7.5 8 12 25 35 75 80 80 60 45 60
Book NAV/Share(Rs) 542.38 630.06 711.8 805.25 1013.77 1227.65 1409.25 1559.34 1636.19 1738.43 1832.24
Core EBITDA Margin(%) 6.3 8.67 10.63 12.21 13.65 13.4 14.1 12.19 9.11 7.25 6.23
EBIT Margin(%) 5.51 6.55 7.87 9.27 11.78 13.21 13.46 11.86 9.02 7.34 5.27
Pre Tax Margin(%) 5.36 6.15 7.5 8.88 11.65 13.1 13.06 11.77 8.85 7.2 5.13
PAT Margin (%) 4.08 4.91 5.69 6.76 8.44 9.71 9.21 8.48 7.08 5.94 4.24
Cash Profit Margin (%) 6.98 8.7 9.93 11.25 12.78 13.08 12.44 11.83 11.47 10.05 7.28
ROA(%) 7.74 9.68 9.6 11.49 14.24 15.87 14.05 12.32 8.9 6.5 5.32
ROE(%) 10.9 14.11 13.97 16.55 20.01 22.19 19.79 17.07 11.77 8.61 7.2
ROCE(%) 13.85 17.34 17.77 21.42 27.46 29.87 28.7 23.8 14.96 10.58 8.87
Receivable days 8.6 9.3 11.08 8.57 6.92 5.96 5.69 7.64 9.76 8.05 6.61
Inventory Days 14.93 13.63 13.38 14.68 16.48 15.1 13.71 13.11 14.87 15.47 13.12
Payable days 39.42 42.76 53.15 53.87 60.93 61.6 62.62 61.7 58.83 63.44 55.08
PER(x) 23.19 15.65 20.87 29.34 20.44 24.23 33.97 26.34 22.81 47.2 58.85
Price/Book(x) 2.49 2.03 2.77 4.59 3.67 4.91 6.29 4.28 2.62 3.95 4.13
Dividend Yield(%) 0.56 0.63 0.61 0.68 0.94 1.24 0.9 1.2 1.4 0.66 0.79
EV/Net Sales(x) 1.05 0.89 1.37 2.21 1.95 2.68 3.35 2.34 1.71 2.91 2.55
EV/Core EBITDA(x) 11.26 7.64 10.09 14.57 10.85 14.42 18.97 14.85 12.17 24.69 30.29
Net Sales Growth(%) -2.87 22.76 0.54 14.05 13.36 18.23 17.22 7.84 -12.09 -6.99 25.52
EBIT Growth(%) -30.26 48.08 19.9 32.55 47.61 33.26 12.69 -7.06 -32.36 -25.07 -11.05
PAT Growth(%) -29.18 49.87 15.64 33.87 45.02 36.63 4.92 -2.92 -25.79 -22.69 -11.61
EPS Growth(%) -29.43 40.55 15.54 33.46 44.35 36.64 4.93 -2.93 -25.8 -22.67 -11.61
Debt/Equity(x) 0.09 0.08 0.09 0.03 0.01 0.01 0 0 0 0.01 0.01
Current Ratio(x) 1.68 1.63 1.8 0.97 0.72 0.66 0.51 0.87 0.75 1.12 0.99
Quick Ratio(x) 1.44 1.36 1.6 0.67 0.44 0.42 0.31 0.64 0.46 0.93 0.78
Interest Cover(x) 35.83 16.52 21.24 23.85 93.84 114.28 33.29 140.97 53.93 53.27 38.1
Total Debt/Mcap(x) 0.04 0.04 0.03 0.01 0 0 0 0 0 0 0

Maruti Suzuki Shareholding Pattern

# Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Promoter 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.48
FII 23.09 23.11 22.9 22.52 23.6 22.57 21.89 21.84 21.48 21.11
DII 15.66 15.07 15.76 15.98 15.29 16.26 18.01 18.1 18.26 18.63
Public 4.88 5.44 4.97 5.13 4.74 4.81 3.73 3.69 3.88 3.78
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 63.44 to 55.08days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Stock is trading at 4.7 times its book value.
  • The company has delivered a poor profit growth of -12% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Maruti Suzuki News