Maruti Suzuki India share price
NSE: MARUTIBSE: 532500AutomobilesLarge Cap
Maruti Suzuki India Limited · Formerly Maruti Udyog · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jul 2003
Last close ₹11,450.00up ₹230.00 (2.05%)BSE ₹11,454.85
Share price at the NSE close on 27 Oct 2026. Previous close ₹11,220.00.
27 Oct: open ₹11,220.00, high ₹11,460.00, low ₹11,190.00
52-week range of traded prices to 27 Oct 2026
₹10,985.00Low, 22 Oct 2026₹17,370.00High, 5 Jan 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,59,991 Cr12th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 26.76
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.30
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.22%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 12.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,26,91544.5% delivered
About Maruti Suzuki India
Maruti Suzuki India Limited makes and sells passenger and commercial vehicles, and sells spare parts and accessories for them under its own brand.1 Its buyers include individual consumers, government and corporate employees, and fleet and taxi operators.1 It makes its vehicles in Haryana and Gujarat, sells them in India through its Arena, Nexa and Commercial channels, and exports them.123
Its range covers hatchbacks, sedans, SUVs, multi-purpose vehicles (MPVs) and vans, with compressed natural gas (CNG), hybrid, battery electric and ethanol-compatible options.45 Its first battery electric SUV, the e VITARA, was introduced in India in the year to Mar 2026, and the company says it will be the Suzuki group's only production base for that model.63 With its subsidiaries and partners it also arranges car loans through banks and non-bank lenders and runs an insurance broking business.7 At the end of March 2026 it had 5,242 sales outlets, including those for used cars sold under the True Value name, and 5,926 service outlets.89
It was established in 1981, and a joint venture agreement between the Government of India and Suzuki Motor Corporation (SMC) of Japan was signed in 1982.10 It became a subsidiary of SMC in 2002, and SMC held 58.53% of its equity at the end of March 2026.10 The company is SMC's largest subsidiary by production volume and sales, and its shares trade on the NSE and BSE.10 Suzuki Motor Gujarat Private Limited, a wholly owned subsidiary, was amalgamated into the company with effect from 1 Dec 2025.11
Maruti Suzuki India key points
Results
- In the quarter to Jun 2026 it sold 682,724 vehicles, against 527,861 a year earlier; standalone (the company alone) net sales were ₹499,591 million, against ₹366,206 million, and profit after tax ₹33,521 million, against ₹37,581 million.12
- Operating EBITDA (operating earnings before interest, tax, depreciation and amortisation) was ₹43,111 million in the Jun 2026 quarter, against ₹46,206 million a year earlier, or 8.6% of net sales against 12.6%.1213
- In the year to Mar 2026, standalone total income rose 18.82% to ₹1,876,580 million, profit before tax fell 2.83% to ₹188,629 million and profit after tax rose 1.03% to ₹144,454 million, against restated figures for the year before.14
- The company said operating profit (EBIT) was 5.1% of net sales in the Jun 2026 quarter, against 8.8% the quarter before; commodity costs cut it by about 300 basis points (hundredths of a percentage point), nearly 110 from a temporary change in its commodity settlement cycle.15
Market position
- Total sales reached a record 2,422,713 vehicles in the year to Mar 2026, above 2 million for the third year in a row, and the company says it is the first passenger vehicle maker in India to achieve this.1617
- India's passenger vehicle market sold around 4.7 million units in the year to Mar 2026, up around 8%, and the company's retail market share (cars sold to customers) was about 40%.1819
- It was India's top passenger vehicle exporter for the 5th year in a row, with a share of about 49% of the country's passenger vehicle exports in the year to Mar 2026.20
Revenue mix
Where it sells
- Vehicles sold23
Item year to Mar 2026 year to Mar 2025 In India 1,974,939 1,901,681 Exported 447,774 332,585 - Exports were 19.38% of turnover in the year to Mar 2026, and 18% of vehicles sold, up from 15% a year earlier.2425
- Its Hansalpur facility in Gujarat handled nearly 47% of its overseas shipments in the year to Mar 2026.26
Plants and capacity
- Annual production capacity by facility, units a year, July 20262728
Item Jul 2026 Hansalpur, Gujarat 1 million Manesar, Haryana 0.9 million Gurugram, Haryana 0.5 million Kharkhoda, Haryana 0.5 million Total 2.9 million - Production began at a second Kharkhoda plant on 18 May 2026 and at Hansalpur's Plant D on 30 Jul 2026, each adding 250,000 units a year. Plant D, an estimated ₹3,900 crore investment, first makes the e VITARA.2930
- It produced a record 2,347,792 vehicles in the year to Mar 2026, and its plants ran at near full capacity in the half year to Mar 2026.1631
- The company said growth in the year to Mar 2026 was constrained by production capacity; pending customer orders (cars booked but not yet delivered) were around 190,000 at the end of March 2026 and about 130,000 at the end of June 2026.3233
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that work has started at a new site at Sanand in Gujarat, intended for 1 million units of capacity, with a proposed investment of ₹35,000 crore.34
- The company stated in its annual report for the year to Mar 2026 that it expects installed capacity of 3.65 million units by the end of the year to Mar 2031, and that its medium-term objective is 4 million units a year.3435
What the company expects
- The company stated in its annual report for the year to Mar 2026 that the capacity it added is expected to enable volume growth of around 10% in the year to Mar 2027.36
- The company said it targets, by the year to Mar 2031, a passenger vehicle sales mix in India of 15% battery electric, 25% hybrid, 35% CNG or biogas and 25% flex fuel (engines that run on petrol and ethanol blends) or fuel-efficient engines.37
- The company stated in its annual report for the year to Mar 2026 that it is working towards regaining a 50% share of the market.38
Litigation and regulatory matters
- On 15 Oct 2026, the company said an Income Tax Appellate Tribunal order largely in its favour has a positive tax impact of about ₹130,000 million including interest, and no major impact on its financials; it would ask the tax officer to apply it.39
- As of its annual report of 8 Aug 2026, its appeal against a ₹200 crore Competition Commission of India penalty, ordered on 23 Aug 2021, was pending before the National Company Law Appellate Tribunal, which had granted an interim stay of the order.40
Last updated
All 40 sources, each with its page
- 1. Annual report, 8 Aug 2026, page 163
- 2. Annual report, 8 Aug 2026, page 23
- 3. Annual report, 8 Aug 2026, page 39
- 4. Annual report, 8 Aug 2026, page 156
- 5. Annual report, 8 Aug 2026, page 68
- 6. Annual report, 8 Aug 2026, page 156
- 7. Annual report, 8 Aug 2026, page 29
- 8. Annual report, 8 Aug 2026, page 44
- 9. Annual report, 8 Aug 2026, page 23
- 10. Annual report, 8 Aug 2026, page 22
- 11. Annual report, 8 Aug 2026, page 114
- 12. Investor presentation, 31 Jul 2026, page 6
- 13. Investor presentation, 31 Jul 2026, page 7
- 14. Annual report, 8 Aug 2026, page 114
- 15. Earnings call, 31 Jul 2026, page 5
- 16. Annual report, 8 Aug 2026, page 144
- 17. Annual report, 8 Aug 2026, page 22
- 18. Annual report, 8 Aug 2026, page 143
- 19. Annual report, 8 Aug 2026, page 144
- 20. Annual report, 8 Aug 2026, page 146
- 21. Annual report, 8 Aug 2026, page 163
- 22. Annual report, 8 Aug 2026, page 146
- 23. Annual report, 8 Aug 2026, page 114
- 24. Annual report, 8 Aug 2026, page 163
- 25. Annual report, 8 Aug 2026, page 147
- 26. Exchange filing, 30 Jul 2026, page 2
- 27. Exchange filing, 30 Jul 2026, page 2
- 28. Exchange filing, 30 Jul 2026, page 3
- 29. Exchange filing, 18 May 2026, page 1
- 30. Exchange filing, 30 Jul 2026, page 2
- 31. Annual report, 8 Aug 2026, page 149
- 32. Annual report, 8 Aug 2026, page 145
- 33. Earnings call, 31 Jul 2026, page 3
- 34. Annual report, 8 Aug 2026, page 38
- 35. Annual report, 8 Aug 2026, page 68
- 36. Annual report, 8 Aug 2026, page 162
- 37. Annual report, 8 Aug 2026, page 166
- 38. Annual report, 8 Aug 2026, page 162
- 39. Exchange filing, 15 Oct 2026, page 2
- 40. Annual report, 8 Aug 2026, page 130
Results
Consolidated; ₹ crore.Maruti Suzuki India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +29.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −9.0%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹53,356 Crup 1.69%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹2,466 Crdown 28.45%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 4.6%
Revenue by quarter
Peak revenue ₹53,356 Cr, quarter to Sep 2026; lowest ₹38,605 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38,764 | 40,920 | 38,605 | 42,344 | 49,904 | 52,463 | 52,470 | 53,356 |
| Net profit | 3,727 | 3,911 | 3,792 | 3,349 | 3,879 | 3,659 | 3,447 | 2,466 |
| Net margin | 9.6% | 9.6% | 9.8% | 7.9% | 7.8% | 7.0% | 6.6% | 4.6% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,83,316 Crup 19.88%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹14,680 Crup 1.24%
- Net margin
- 8.0%
Revenue by year
Peak revenue ₹1,83,316 Cr, year to Mar 2026; lowest ₹70,372 Cr, year to Mar 2021
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 77,316 | 82,041 | 86,069 | 75,660 | 70,372 | 88,330 | 1,17,571 | 1,41,858 | 1,52,913 | 1,83,316 |
| Net profit | 7,511 | 7,881 | 7,651 | 5,678 | 4,389 | 3,880 | 8,211 | 13,488 | 14,500 | 14,680 |
| Net margin | 9.7% | 9.6% | 8.9% | 7.5% | 6.2% | 4.4% | 7.0% | 9.5% | 9.5% | 8.0% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment which carries all its revenue.
Valuation
Today, against the company's own history.Maruti Suzuki India PE ratio and valuation
Price to earnings
At or below today's level on 15% of 2,478 trading days over the last 10 years.
LowestHighest
Its median32.02Industry median19.21
Price to book
At or below today's level on 2% of 1,983 trading days since Oct 2018.
LowestHighest
Its median4.48Industry median3.41
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 92% of 2,474 trading days over the last 10 years.
LowestHighest
Its median0.86%Industry median0.77%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +7.9% | +1.2% | +5.5% | 1.1% |
| 3 years | +15.2% | +19.8% | −4.8% | 1.1% |
| 5 years | +13.4% | +26.3% | −11.0% | 1.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
517 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 210 of the 294 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 6 more funds filed their first portfolio on record, holding it.All 517 funds holding Maruti Suzuki India
- AddedAdded. Funds that held more shares than at the end of the month before.
- 175
- CutCut. Funds that held fewer shares than at the end of the month before.
- 119
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 217
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 20
| Fund | |||
|---|---|---|---|
 Parag Parikh Flexi Cap FundPPFAS Mutual Fund | 29,13,495 | 2.40% | ₹3,486.6 Cr |
 SBI Nifty 50 ETFSBI Mutual Fund | 25,22,219 | 1.49% | ₹3,018.3 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 23,33,697 | 2.57% | ₹2,792.7 Cr |
| SBI BSE Sensex ETFSBI Mutual Fund | 17,32,207 | 1.79% | ₹2,069.8 Cr |
 ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 17,01,698 | 2.67% | ₹2,036.4 Cr |
| ICICI Prudential Value FundICICI Prudential Mutual Fund | 15,13,196 | 3.16% | ₹1,810.8 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 12,15,398 | 1.42% | ₹1,454.5 Cr |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund | 10,74,569 | 1.79% | ₹1,285.9 Cr |
 Kotak Multi Cap FundKotak Mahindra Mutual Fund | 10,39,684 | 4.10% | ₹1,244.2 Cr |
| ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 9,63,722 | 1.37% | ₹1,153.3 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Maruti Suzuki India insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Maruti Suzuki India competitors and peers
Automobiles, 27 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Maruti Suzuki India in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Mahindra & MahindraM&M | 3,55,450 | 19.24 | 3.82 | +26.2% | +34.5% | 21.7% | 13.3% | 1.15% |
 Bajaj AutoBAJAJ-AUTO | 2,85,521 | 21.84 | 7.80 | +47.9% | +56.9% | 36.9% | 23.6% | 1.44% |
 Eicher MotorsEICHERMOT | 1,96,695 | 34.07 | 7.84 | +28.1% | +19.3% | 24.9% | 20.7% | 1.14% |
 TVS Motor CompanyTVSMOTOR | 1,94,168 | 56.65 | 20.30 | +30.2% | +43.7% | 37.9% | 18.0% | 0.29% |
 Hyundai Motor IndiaHYUNDAI | 1,51,238 | 30.55 | 7.56 | +3.6% | −10.3% | 27.3% | 27.1% | 1.13% |
 Hero MotoCorpHEROMOTOCO | 1,04,444 | 19.17 | 4.83 | +25.6% | +8.2% | 26.7% | 29.2% | 3.55% |
 Tata Motors Passenger VehiclesTMPV | 96,200 | – | 0.86 | −18.6% | – | – | – | 1.15% |
 Ather EnergyATHERENERG | 66,391 | – | 15.49 | – | – | −6.7% | −6.5% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Maruti Suzuki India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹140.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 7 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹140.00 |
| 1 Aug 2025 | Final | ₹135.00 |
| 2 Aug 2024 | Final | ₹125.00 |
| 3 Aug 2023 | Final | ₹90.00 |
| 3 Aug 2022 | Final | ₹60.00 |
| 5 Aug 2021 | Final | ₹45.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Maruti Suzuki India announcements
Oct 2026
27 Oct · Results
27 Oct · Business
21 Oct · Analysts
15 Oct · Legal
Maruti Suzuki India share price by year
Each calendar year to 2025.Maruti Suzuki India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 16,697.00 | +53.8% | 16,703.00 | 11,208.30 |
| 2024 | 10,858.40 | +5.4% | 13,495.60 | 9,860.45 |
| 2023 | 10,302.35 | +22.7% | 10,788.45 | 8,208.80 |
| 2022 | 8,394.60 | +13.0% | 9,527.60 | 6,769.05 |
| 2021 | 7,426.45 | −2.9% | 8,274.75 | 6,455.65 |
| 2020 | 7,649.60 | +3.8% | 7,803.15 | 4,011.50 |
| 2019 | 7,368.60 | −1.3% | 7,721.30 | 5,469.70 |
| 2018 | 7,465.50 | −23.3% | 9,832.45 | 6,616.40 |
| 2017 | 9,729.55 | +82.9% | 9,801.50 | 5,466.00 |
| 2016 | 5,319.55 | +15.1% | 5,896.15 | 3,236.50 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 11,250.00 | 11,299.00 | 11,102.00 | 11,220.00 | 11,203.31 | 4,89,223 | 52.5% |
| 23 Oct 2026 | 11,181.00 | 11,258.00 | 11,000.00 | 11,230.00 | 11,130.52 | 3,33,253 | 47.9% |
| 22 Oct 2026 | 11,170.00 | 11,208.00 | 10,985.00 | 11,170.00 | 11,104.75 | 4,07,490 | 52.5% |
| 21 Oct 2026 | 11,540.00 | 11,555.00 | 11,152.00 | 11,200.00 | 11,294.19 | 3,93,314 | 55.5% |
| 19 Oct 2026 | 11,510.00 | 11,702.00 | 11,440.00 | 11,475.00 | 11,564.11 | 4,53,832 | 53.1% |
| 16 Oct 2026 | 11,445.00 | 11,569.00 | 11,340.00 | 11,489.00 | 11,452.97 | 4,08,961 | 53.6% |
| 15 Oct 2026 | 11,150.00 | 11,549.00 | 11,136.00 | 11,445.00 | 11,410.87 | 5,13,644 | 45.1% |
| 14 Oct 2026 | 11,295.00 | 11,350.00 | 11,175.00 | 11,178.00 | 11,280.02 | 4,63,850 | 56.9% |
| 13 Oct 2026 | 11,315.00 | 11,349.00 | 11,125.00 | 11,245.00 | 11,220.90 | 7,61,548 | 67.1% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- MARUTI
- BSE code
- 532500
- ISIN
- INE585B01010
- Industry
- Automobiles
- Website
- www.marutisuzuki.com
- CIN
- L34103DL1981PLC011375
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1981
- Registered office
- 1, Nelson Mandela Road, Vasant Kunj, New Delhi 110070, Delhi
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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