NSE: MARUTI | BSE: 532500

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15806.00 -159.00 (-1.00%)

Near 52W High of ₹16435.00

480.7K NSE+BSE Volume

NSE 03 Oct, 2025 3:31 PM (IST)

496,944.7

Market Cap

Market Leader

0.8

Beta 1Year

Very Low volatility

Rising Sales

Maruti Suzuki's total wholesales rise 2.7% YoY in September, driven by a 52.2% increase in exports See details

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.

29 Jul 2021

15806.00

-1.00%

Maruti Suzuki India: Q1FY22 Result Review

Buy: Maruti Suzuki India Ltd.

Recommendation Target

IDBI Capital

During Q1FY22, MSIL's profit declined by 62.2% QoQ to Rs4.4bn (below our estimates Rs13.3 bn). Sharp decline in profitability was attributed to lower EBITDA margins which declined by 367bps QoQ to 4.6% (below our estimates of 8%) and lower other income which declined by 61.5% YoY. Despite poor show in Q1FY22, We believe, MSIL is likely to witness robust volume recovery hereon while cost pressure is likely to ease out post H2FY22. To factor in improved business outlook and expected improvement in profitability, we increase our volume and PAT estimates by 2.9%/26.7% for FY23E. We rate the stock as...

Maruti Suzuki India Ltd. has gained 24.99% in the last 3 Months

Maruti Suzuki India Ltd.

29 Jul 2021

15806.00

-1.00%

Maruti Suzuki India

Sell: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

Maruti Suzuki India Ltd. is trading above all available SMAs

Maruti Suzuki India Ltd.

29 Jul 2021

15806.00

-1.00%

Result Update:Maruti Suzuki

Hold: Maruti Suzuki India Ltd.

Target

Axis Direct

We maintainour HOLD rating whilerevising our TP upwards to Rs 7,500(from Rs 6,950 earlier) and valuethe stock at 25x its FY23E EPS,implying an upside of 5% from CMP.

Maruti Suzuki India .. has an average target of 15014.08 from 14 brokers.

Maruti Suzuki India Ltd.

29 Jul 2021

15806.00

-1.00%

Maruti Suzuki India Limited

Results Update: Maruti Suzuki India Ltd.

SMC online

The profit during the quarter was primarily impacted due to lower sale volumes. Commodity prices increased steeply but the company said it continued to make efforts to reduce costs. Consolidated net sales surged 332% to Rs 17,776.40 crore in Q1 FY22 over Rs 4,110.60 crore in Q1 FY21. Pre-tax profit stood at Rs 596.50 crore in Q1 FY22 as against a pre-tax loss of Rs 369.70 crore in Q1 FY21. As per the company's press statement: "The second wave of the pandemic adversely impacted on the Q1 FY22 production and sales. While all the parameters during the quarter were substantially better than Q1 FY2020-21, a comparison is not meaningful because Q1 last year had a much higher degree of disruption due to the pandemic....

Maruti Suzuki India Ltd. has gained 24.99% in the last 3 Months

Maruti Suzuki India Ltd.

28 Jul 2021

15806.00

-1.00%

Maruti Suzuki (HOLD): Weak Q1, volume outlook healthy; cut to HOLD on limited upside

Hold: Maruti Suzuki India Ltd.

Recommendation

BOB Capital Markets Ltd.

MSIL's Q1 revenue fell 26% QoQ while lower gross margin and higher staff cost capped EBITDA margin at 4.6%. Adj. PAT declined 62% QoQ

Maruti Suzuki India Ltd. has gained 25.39% in the last 1 Year

Maruti Suzuki India Ltd.

30 Apr 2021

15806.00

-1.00%

MARUTI SUZUKI INDIA LIMITED

Hold: 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...

Maruti Suzuki India Ltd. has gained 24.99% in the last 3 Months

Maruti Suzuki India Ltd.

28 Apr 2021

15806.00

-1.00%

Maruti Suzuki India Limited

Maruti Suzuki India Ltd.

SMC online

Maruti Suzuki Q4 PAT drops 10% YoY, below estimates The car major said that the fall in net profit was on account of lower non-operating income owing to mark-to-market loss on invested surplus....

Maruti Suzuki India Ltd. has gained 37.66% in the last 6 Months

Maruti Suzuki India Ltd.

28 Apr 2021

15806.00

-1.00%

Maruti Suzuki India

Sell: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

For MSIL, we build PAT CAGR of 26.8% in FY21P-23E. We retain our cautious stance on the company courtesy further strain on margins and lost ground in UVs with present valuations continuing to be far above our comfort zone (trades at 29x P/E on FY23E). We continue to await decisive actions from MSIL on the EV front, retain REDUCE and value it at | 6,080 i.e....

Sharekhan increased Buy price target of Maruti Suzuki India Ltd. to 18400.0 on 29 Sep, 2025.

Maruti Suzuki India Ltd.

28 Apr 2021

15806.00

-1.00%

Below our estimate; higher RM cost hurts margin; order backlog strong

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

Below our estimate; higher RM cost hurts margin; order backlog strong Higher cost inflation to keep margin under pressure in 1HFY22E MSIL's 4QFY21 operating performance was impacted by higher commodity costs, partially offset by price hikes and lower discounts. Near-term challenges (of COVID-19 and commodity) notwithstanding, there are drivers in place for sustained volume and margin recovery from 2HFY22E. We lower our FY22E/FY23E EPS by 11%/3% to factor in some negative impact of the COVID-led lockdown on volumes as well as higher cost....