Maruti Suzuki Price Target 2024-2030 Fundamentals & Quarterly Results

Maruti Suzuki Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –Maruti Suzuki India Limited, which was previously known as Maruti Udyog Limited, is a car manufacturing firm situated in New Delhi, India. It operates as a subordinate of Suzuki Motor Corporation, which hails from Japan. Maruti Suzuki has a total of 3,598 sales outlets situated in 1,861 cities in India. According to the Brand Trust Report for 2013, published by Trust Research Advisory, Maruti Suzuki was ranked 37 among India’s most trustable brands in 2013, but by 2019, it had risen to 9th position.Maruti Suzuki Share Price Target

Maruti Suzuki Overview

The Year of Incorporation is 1981. A joint venture between the Government of India and Suzuki Motor Corporation (SMC) Japan was made formal in 1982. As of 2002, she became a SMC subsidiary. The company holds the largest market share in the passenger vehicle segment in the Indian market. In respect of production and sales, the company today is the largest subsidiary for SMC. SMC now hold 56.28% equity stake in the company. The core activities of the Company include manufacturing, buying and selling of motor vehicles, parts and accessories.

Company NameMaruti Suzuki India Ltd
Listed atNSE & BSE
Head OfficeMaruti Suzuki India Limited Old Palam Gurugram Road, Gurugram, Haryana – 122015
Board Of Directors
  • Mr.R C Bhargava Chairman
  • Mr.Kenichi Ayukawa Director
  • Mr.Kinji Saito Director
  • Mr.T Suzuki Director
  • Mr.O Suzuki Director & Honorary Chairman
  • Mr.Kenichiro Toyofuku Director – Corporate
  • Mr.R P Singh Independent Director
  • Mr.D S Brar Independent Director
  • Ms.Lira Goswami Independent Director
  • Mr.Maheswar Sahu Independent Director
  • Mr.Hisashi Takeuchi Managing Director & CEO
Official Websitemarutisuzuki.com

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Maruti Suzuki Business Profile

The company is engaged in the business of manufacturing and selling vehicles as well as their parts and accessories under three segments which are; goods carrying vehicles, passenger vehicles and other categories of vehicles. In addition, the most well-known brands of the company include Baleno, Super Carry, Eeco Cargo, S-Cross, XL6, Ignis, S-Presso, Celerio, Alto, Ertiga, WagonR, Celerio, Swift, DZire, Ciaz, Eeco as well as Brezza. Besides manufacturing automobiles, Maruti Suzuki also provides finance, sells insurances, accessories and vehicle parts, runs a driving school, and leases or manages a fleet of vehicles. The corporation operates two manufacturing units situated in Gurugram and Manesar regions and has a wide reach to various countries including India, Europe, Asia, Australia, and South America.

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BS-VI models

Another factor contributing to the superior market position of MSIL is the early transition of its entire portfolio into BS-VI models than that of all its competitors. Thanks to previous model success and growing acceptance of its BS-VI models combined with growing product portfolio, MSIL has intensified its leading position in the market. For example, out of the top 10 best-selling models in the year spanning fiscal 2020, MSIL had 7 models included therein.

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Strong financial risk profile

MSIL has sustained its solid financial risk profile characterized by assessed considerable net worth and liquidity of ~Rs.61,000 crore and ~Rs.47,000 crore as of March 31, 2023. The company has strong cash generating capacity and has only very modest working capital borrowings.

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Launch of NEXA

Innovation for Maruti Suzuki, NEXA will be the first step towards developing a completely new premium automotive retail that will help company to grow its presence in the mid to premium space. It is one of the most advanced technologically and digitally in terms of buying experience for the automobile customers with the latest iPads and smart phones application for the customers.

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Widest service network

The breadth of its service network has extended beyond 4,000 touch-points around the country covering 1989 towns and cities. This is the widest service network that any automobile brand in the country has been able to provide.

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Association

The breadth of its service network has extended beyond 4,000 touch-points around the country covering 1989 towns and cities. This is the widest service network that any automobile brand in the country has been able to provide.

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Acquisition

MSIL is planning to acquire complete percentage of SMG (Suzuki Motor Gujarat Private Limited) shares that are under SMC (Suzuki Motor Corporation-Japan, being the parent company of MSIL) at its net book value (~Rs.12,500) by reiterating the issue MSIL equity shares in favor of SMC and simultaneously ceasing the original equipment manufacturing (OEM) contract roll over dated back to 2014 when both companies dedicated their entire supply to each other on the basis of no profit and no loss.

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Maruti Suzuki Fundamentals & Quarterly Results

Market Cap₹ 3,62,399 Cr.
Current Price₹ 11,527
High / Low₹ 13,680 / 9,738
Stock P/E24.6
Book Value₹ 2,724
Dividend Yield1.07 %
ROCE21.8 %
ROE16.8 %
Face Value₹ 5.00
Debt to Equity0.00
Debt Capacity0.24
Debt (preceding year)₹ 1,248 Cr.
Debt₹ 119 Cr.
Reserves₹ 85,479 Cr.
EPS₹ 473
EPS (last year)₹ 429
Pledged Percentage0.00 %
Free Cash Flow (Previous Annual)₹ 2,858 Cr.
EV/EBITDA14.7
Industry PE25.2
PEG Ratio1.39
Piotroski Score8.00
Earnings Yield5.23 %
Sales Growth (5 Years)10.5 %

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Maruti Suzuki Quarterly Results

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales26,51229,94229,25132,21432,53537,33933,51338,47135,779
Expenses24,59727,17225,87828,32029,01532,02229,07333,25030,673
Operating Profit1,9152,7713,3733,8943,5205,3184,4405,2215,107
OPM %7%9%12%12%11%14%13%14%14%
Other Income1126628938501,1109521,0531,2611,118
Interest2831301644635367657
Depreciation6527231,2091,2401,3141,3421,3021,2981,332
Profit before tax1,3472,6793,0273,3413,2694,8924,1565,1084,836
Tax %23%21%21%20%22%23%23%23%22%
Net Profit1,0362,1122,4062,6882,5433,7863,2073,9523,760
EPS in Rs34.3069.9379.6588.9784.18125.33102.00125.71119.58

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CAGR Report

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth12%11%26%17%
Compounded Profit Growth18%18%45%51%
Stock Price CAGR14%10%17%13%
Return on Equity13%11%12%17%

Maruti Suzuki Shareholding Pattern

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Promoters56.21%56.28%56.37%56.37%56.48%58.19%58.19%
FIIs22.30%21.63%23.11%22.57%21.11%19.64%17.68%
DIIs13.41%16.69%15.08%16.25%18.57%18.86%20.75%
Government0.00%0.00%0.00%0.00%0.06%0.06%0.07%
Public8.09%5.40%5.44%4.81%3.78%3.24%3.31%
No. of Shareholders4,38,6994,06,1004,61,3794,31,8894,15,1273,64,3753,82,573

Maruti Suzuki Price Target 2024-2025 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹13921.43₹16187.41₹17547
2025₹17898₹16823₹20082
2026₹20484₹19253₹22983
2027₹23443₹22034₹26303
2028₹26829₹25215₹30100
2029₹30702₹28856₹34444
2030₹35133₹33022₹39420

MARUTI SUZUKI Share Price Target 2025

MonthTarget
January₹17898
February₹18256
March₹18621
April₹18001
May₹17402
June₹16823
July₹17496
August₹18196
September₹18924
October₹19302
November₹19688
December₹20082

MARUTI SUZUKI Share Price Target 2026

MonthTarget
January₹20484
February₹20894
March₹21312
April₹20602
May₹19916
June₹19253
July₹20023
August₹20824
September₹21657
October₹22090
November₹22532
December₹22983

MARUTI SUZUKI Share Price Target 2027

MonthTarget
January₹23443
February₹23912
March₹24390
April₹23578
May₹22793
June₹22034
July₹22915
August₹23832
September₹24785
October₹25281
November₹25787
December₹26303

MARUTI SUZUKI Share Price Target 2028

MonthTarget
January₹26829
February₹27366
March₹27913
April₹26983
May₹26084
June₹25215
July₹26224
August₹27273
September₹28364
October₹28931
November₹29510
December₹30100

MARUTI SUZUKI Share Price Target 2029

MonthTarget
January₹30702
February₹31316
March₹31942
April₹30878
May₹29850
June₹28856
July₹30010
August₹31210
September₹32458
October₹33107
November₹33769
December₹34444

MARUTI SUZUKI Share Price Target 2030

MonthTarget
January₹35133
February₹35836
March₹36553
April₹35336
May₹34159
June₹33022
July₹34343
August₹35717
September₹37146
October₹37889
November₹38647
December₹39420

Official Website –marutisuzuki.com

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