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Maruti Suzuki India Limited MARUTI.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

Maruti Suzuki India Limited statistics & valuation

Market cap₹4.36T
P / E29.7×
P / S2.5×
P / B4.1×
P / FCF50.1×
Net margin8.3%
FCF margin4.9%
Net debt₹356.0M
Enterprise value USD$45.8B
Earnings yield EBIT/EV3.4%
Return on capital13.2%
Graham number -56.6%₹5,983.69

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹5,983.69); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.30% 9.90% 9.80% 8.30% 2023202420252026
Gross margin (%)
20.50% 22.60% 22.90% 21.50% 2023202420252026
Operating margin (%)
7.30% 9.80% 9.90% 8.40% 2023202420252026
Return on equity (%)
11.10% 15.80% 15.10% 13.70% 2023202420252026
Shares outstanding
314.4M 314.4M 314.4M 314.4M 2023202420252026
Net debt (₹)
-₹5.38B -₹25.41B -₹975.0M ₹356.0M 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
8.20% 11.70% 11.10% 9.90% 2023202420252026
Free cash flow margin (%)
2.40% 5.60% 3.80% 4.90% 2023202420252026
Debt / equity (×)
0.02× 0.00× 0.00× 0.00× 2023202420252026
EPS (₹)
₹262.84 ₹429.01 ₹461.20 ₹466.90 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Maruti Suzuki India Limited trades at about 29.6× earnings — near its 10-year norm (10-year range 26.6×–32.7×, median 29.9×).

26.6× 32.7×

Shaded band = 10-year range (26.6×–32.7×); dot = today's 29.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin21.5%22.9%22.6%20.5%
Operating margin8.4%9.9%9.8%7.3%
Net margin8.3%9.8%9.9%7.3%
FCF margin4.9%3.8%5.6%2.4%
Return on assets9.9%11.1%11.7%8.2%
Return on equity13.7%15.1%15.8%11.1%
Current ratio1.070.960.870.69

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.