NSE: MARUTI | BSE: 532500

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16097.00 281.00 (1.78%)

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901.6K NSE+BSE Volume

NSE 23 Sep, 2025 3:31 PM (IST)

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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.

Maruti Suzuki India Ltd.

30 Apr 2022

16097.00

1.78%

HSIE Results Daily: Wipro, Maruti Suzuki, Mphasis, Shriram Transport Finance Company, Supreme Industries, IndiaMART InterMESH, Sonata Software

Accumulate: Maruti Suzuki India Ltd.

HDFC Securities

Supreme Industries: We maintain BUY on Supreme Industries (SIL), keeping the TP unchanged at INR 2,770/share (SOTP-based). In Q4FY22, SIL's consolidated revenue rose +23% YoY to INR 25.6bn on strong piping demand rebound. However, gross margin contraction pulled down EBITDA/APAT by 23/28% YoY to INR 3.91/3.24bn respectively. As demand has picked up since March-22 and even resin prices have started to cool off April onwards, the management remains confident of strong volume growth in FY23. The company is also expanding its capacity amid a healthy demand outlook. IndiaMART InterMESH: IndiaMART posted in-line revenue growth of +7.1% QoQ but margins took a severe hit (down 1,347 bps QoQ to 28.4%) due to investments in sales capacity (+42.6% YoY). The paid supplier addition of ~13k (highest ever) was higher than our estimate of 8K and the additions were primarily in the monthly bucket. The portfolio churn has reduced across all buckets, indicating a sustained momentum. Management has indicated paid supplier addition of ~8-9k/quarter, supported by investments in sales, technology, and channel partners. Margin decline was primarily on account of a sharp increase in employee and outsource sales cost, with the prime objective to boost growth. We maintain our positive stance, based on (1) higher growth visibility, led by 31% YoY increase in cash collections; (2) uptick in customer addition and investment in growth engine; (3) economic recovery leading to improving health of MSME; (4) completion of busy acquisition with huge cross-sell opportunity; and (5) tender buyback offer of INR 1bn (~0.5% of equity). We increase revenue estimate by...

Maruti Suzuki India Ltd. has gained 27.61% in the last 1 Year

Maruti Suzuki India Ltd.

30 Apr 2022

16097.00

1.78%

MARUTI SUZUKI INDIA LIMITED - Catering to higher order book entails a strong mid to long term growth

Buy: Maruti Suzuki India Ltd.

Target

LKP Securities

Maruti Suzuki India Ltd. has gained 37.20% in the last 6 Months

Maruti Suzuki India Ltd.

14 Mar 2022

16097.00

1.78%

Maruti Suzuki India

Hold: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

Resurfaced chip availability concerns amid geopolitical issues Russia is the largest producer (~40% share in global production) of rare earth metal palladium, which is used in manufacturing of semiconductor. Further Ukraine is the largest producer of neon gas, which is another important component for semiconductor (chip) manufacturing. Therefore, any supply chain disruption of these critical raw materials in this space would impact the availability of chips, resulting in an adverse impact on OEM volumes and associated productivity. Rise in Brent crude to impact margins as well as demand...

Maruti Suzuki India Ltd. has gained 37.20% in the last 6 Months

Maruti Suzuki India Ltd.

02 Feb 2022

16097.00

1.78%

Primed for a comeback???

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

After operating in a head-winded environment for the last two years, without the support of new product launches, Maruti Suzuki India Ltd (MSIL) is gradually getting back on course for market share and margin recovery. On one hand, MSIL's product lifecycle is turning favorable, and on other hand, supplyside and RM costs are stabilizing. This should aid recovery in market share and margins over the next two years. While EV disruption is a risk, we see an inflection point for e-PVs to be back-ended and MSIL to launch its EVs just in time by CY25E. MSIL is our top pick in Autos. We maintain Buy, with TP of ~INR10,300 (~27x Mar'24E consol. EPS)....

Number of FII/FPI investors decreased from 1163 to 1143 in Jun 2025 qtr

Maruti Suzuki India Ltd.

27 Jan 2022

16097.00

1.78%

Result Update:Maruti Suzuki

Buy: Maruti Suzuki India Ltd.

Recommendation Target

Axis Direct

We maintain our BUY rating on the stock and revise our TP upwards to Rs 9,800 (from Rs 8,500 earlier) and value the stock at 27x its FY24E EPS. TP implies an upside of 14% from CMP.

Number of FII/FPI investors decreased from 1163 to 1143 in Jun 2025 qtr

Maruti Suzuki India Ltd.

27 Jan 2022

16097.00

1.78%

Maruti Suzuki India Limited

Maruti Suzuki India Ltd.

SMC online

from 14.06% to 14.03%. Preoperation capitalised expenses rose from 0.10% to 0.12%. Other income fell 67.01% to Rs 327.9 crore. PBIDT fell 41.33% to Rs 1890.1 crore. Provision for interest fell 12.76% to Rs 25.3 crore. PBDT fell 41.59% to Rs 1864.8 crore. Provision for...

Maruti Suzuki India Ltd. has gained 25.85% in the last 3 Months

Maruti Suzuki India Ltd.

26 Jan 2022

16097.00

1.78%

Maruti Suzuki India

Hold: Maruti Suzuki India Ltd.

Recommendation Target

ICICI Securities Limited

Number of FII/FPI investors decreased from 1163 to 1143 in Jun 2025 qtr

Maruti Suzuki India Ltd.

03 Nov 2021

16097.00

1.78%

MARUTI SUZUKI INDIA LIMITED

Sell: Maruti Suzuki India Ltd.

Target

Geojit BNP Paribas

Maruti Suzuki India Limited (MSIL) is an automobile manufacturer with a 56.2% ownership in Japanese car and motorcycle manufacturer Suzuki Motor Corporation. It is one of the largest passenger car companies and...

Axis Direct increased Hold price target of Maruti Suzuki India Ltd. to 16425.0 on 05 Sep, 2025.

Maruti Suzuki India Ltd.

28 Oct 2021

16097.00

1.78%

Result Update:Maruti Suzuki

Hold: Maruti Suzuki India Ltd.

Target

Axis Direct

We upgrade our rating from HOLD to BUY and revise our TP upwards to Rs 8,500 (from Rs 7,500 earlier) and value the stock at 25x its FY24E EPS, implying an upside of 16% from CMP.