NSE: MARUTI | BSE: 532500

Mid-range Performer

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12694.00 -163.00 (-1.27%)

Near 52W Low of ₹12201.00

341.3K NSE+BSE Volume

NSE 04 Sep, 2026 3:31 PM (IST)

399,102.7

Market Cap

Market Leader

Beta 1Year

High Volatility

Maruti Suzuki India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MARUTI, BSE:532500 Maruti Suzuki India Ltd.

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Maruti Suzuki India Ltd.

31 Jul 2026

12694.00

-1.27%

Demand outlook remains upbeat

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

Maruti Suzuki’s (MSIL) 1QFY27 PAT declined ~11% YoY to INR33.5b, in line with our estimate. However, EBITDA margin at 8.2% was much lower than the estimated 9.7%, largely due to elevated commodity costs.

Maruti Suzuki India Ltd. is trading below all available SMAs

Maruti Suzuki India Ltd.

29 Jul 2026

12694.00

-1.27%

New Brezza launch to help sustain outperformance

Buy: Maruti Suzuki India Ltd.

Motilal Oswal

The most significant change is the addition of a 998cc Boosterjet turbo-petrol engine, offering Brezza a more performance-oriented option that also qualifies for the lower 18% GST rate (vs 40% for the 1.5-liter option).

Maruti Suzuki India .. has an average target of 16982.80 from 11 brokers.

Maruti Suzuki India Ltd.

17 Jul 2026

12694.00

-1.27%

Market share revival seems back on track

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

Maruti Suzuki (MSIL)’s underperformance in 2HFY26 has largely been a function of its capacity constraints even as demand remained strong.

Maruti Suzuki India .. has an average target of 16982.80 from 11 brokers.

Maruti Suzuki India Ltd.

29 Apr 2026

12694.00

-1.27%

Stable performance; growth outlook remains strong

Buy: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

MSIL’s Q4FY26 EBITDAM was 30bps lower than our estimate. Healthy pending bookings (190k+ units) and a low channel inventory are likely to augur well for its domestic volume growth. Fresh demand momentum injected by GST cut continues to prevail, especially for small cars.

Number of FII/FPI investors decreased from 1203 to 1135 in Jun 2026 qtr

Maruti Suzuki India Ltd.

29 Apr 2026

12694.00

-1.27%

Maruti Suzuki (BUY): Well-placed to navigate challenges; Retain BUY

Buy: Maruti Suzuki India Ltd.

Target

BOB Capital Markets Ltd.

Increasing UV mix (~41%) and exports (~20%) surge realisation by ~15% YoY. Revenue up by ~28% YoY effectively

Number of FII/FPI investors decreased from 1203 to 1135 in Jun 2026 qtr

Maruti Suzuki India Ltd.

29 Apr 2026

12694.00

-1.27%

Result Update – Q4FY26

Buy: Maruti Suzuki India Ltd.

Recommendation Target

Deven Choksey

Maruti’s outlook remains constructive, backed by strong demand visibility,
accelerating capacity expansion, and a robust product pipeline. With ~1.9 lakh pending orders and lean inventory, demand continues to exceed supply, supporting sustained volume growth as Kharkhoda and Hansalpur ramp up.

Maruti Suzuki India .. has an average target of 16982.80 from 11 brokers.

Maruti Suzuki India Ltd.

29 Apr 2026

12694.00

-1.27%

Maruti Suzuki India

Buy: Maruti Suzuki India Ltd.

Target

ICICI Direct

About the stock: Maruti Suzuki (MSIL) is the market leader in the domestic Capacity-Led Volume Inflection with a Clear Path to Margin Recovery: Maruti is in the midst of adding ~500,000 units of annual production capacity in a single year a scale of expansion that management itself described as virtually unprecedented in the Indian PV industry. With Kharkhoda Phase 2 already commissioned in April 2026 and the Gujarat Line 4 expected in FY27, the supply constraint that capped volume growth through FY26 is set to ease meaningfully in FY27, supporting a guided...

Number of FII/FPI investors decreased from 1203 to 1135 in Jun 2026 qtr

Maruti Suzuki India Ltd.

29 Apr 2026

12694.00

-1.27%

Result Update:Maruti Suzuki

Buy: Maruti Suzuki India Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock.

Maruti Suzuki India Ltd. is trading below all available SMAs

Maruti Suzuki India Ltd.

28 Apr 2026

12694.00

-1.27%

Demand outlook remains upbeat

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

Maruti Suzuki (MSIL)’s 4QFY26 PAT declined ~7% YoY to INR35.9b, below our estimate of INR40b. While operational performance was in line, the PAT miss was largely due to an MTM loss on its investment book.

Maruti Suzuki India .. has an average target of 16982.80 from 11 brokers.

Maruti Suzuki India Ltd.

11 Mar 2026

12694.00

-1.27%

Market share revival key to drive a re-rating

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

MSIL’s recent underperformance relative to the Auto index is likely to be driven by near-term underperformance in wholesale and disappointing 3Q performance. However, we believe these concerns seem to be overdone, given that retail demand for MSIL remains healthy, both in cars and UVs, and the same is reflected in its outperformance in retail sales post-GST cut.

Number of FII/FPI investors decreased from 1203 to 1135 in Jun 2026 qtr

Is Maruti Suzuki India Ltd. worth buying?

1162 Votes:

Buy 71.86%

Sell 15.58%

Hold 12.56%

RESEARCH REPORTS

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Buy SEE REPORTS >

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