NSE: MARUTI | BSE: 532500

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16243.00 258.00 (1.61%)

Near 52W High of ₹16435.00

261.7K NSE+BSE Volume

NSE 10 Oct, 2025 12:42 PM (IST)

510,684.1

Market Cap

Market Leader

0.8

Beta 1Year

Low 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.

Maruti Suzuki India Ltd.

28 Jan 2021

16243.00

1.61%

Q3FY21 Result Update - RM inflation, weak mix and fx dent margins - BUY

Buy: Maruti Suzuki India Ltd.

Target

Prabhudas Lilladhar

For Q3FY21, MSIL reported lower than estimated EBITDA at Rs22.3bn (PLe Rs25.6bn) led by combined impact of 1) RM inflation (+330bp QoQ), 2) weak product mix and 3) unfavorable forex. However higher other income at Rs9.9b (PLe Rs6.8b) boosted adj.PAT at Rs19.4b (Rs18.5b). The recent price hike should partially dilute RM inflation in 4Q, however we expect gross margins...

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

Maruti Suzuki India Ltd.

16 Dec 2020

16243.00

1.61%

Maruti Suzuki India

Sell: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 (Exhibit 1) on the back of (i) initial bounce provided by pent-up aspect,...

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

Maruti Suzuki India Ltd.

14 Dec 2020

16243.00

1.61%

Cautious optimism on demand outlook

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

Demand recovery has been good and driven by: a) first-time buyers and second car sales (due to the COVID-19 pandemic), b) pent-up demand, and c) rural markets aided by government stimulus....

Maruti Suzuki India Ltd. has gained 30.26% in the last 3 Months

Maruti Suzuki India Ltd.

11 Nov 2020

16243.00

1.61%

MARUTI SUZUKI - Heavy demand in short term, all eyes on post festive demand

Buy: Maruti Suzuki India Ltd.

Target

LKP Securities

MSIL's Q2 FY21 revenues grew by 10.4% yoy and 380% qoq to 187.4 bn on the back of strong recovery in volumes, which grew by 16.2% yoy driven by pent-up demand stemming from personal mobility, Realizations fell by 5.6%/6.3% yoy and qoq respectively, due to shift to low value hatchbacks and absence of diesel variants. EBITDA margins stood at 10.3%, 80bps higher yoy on lower selling and operating expenses and higher capacity utilization, which was partly offset by adverse product mix, higher commodity prices and currency fluctuations. Discounting in the quarter was at 17.3K v/s 25 k yoy. PAT for the quarter. On the back of lower other income (34%...

Maruti Suzuki India Ltd. is trading above all available SMAs

Maruti Suzuki India Ltd.

09 Nov 2020, 12:00AM

16243.00

1.61%

Pick of the Week:09 Nov 2020

Buy: Maruti Suzuki India Ltd.

Axis Direct

Maruti Suzuki India Limited is the market leader in the PV segment, commanding a market share of about 50%. The Company has 2 state-of-the-art manufacturing facilities located in Gurugram and Manesar in Haryana, capable of producing ~1.5 mn units per annum.

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

Maruti Suzuki India Ltd.

01 Nov 2020

16243.00

1.61%

Maruti Suzuki India: Q2FY21 Result Review

Accumulate: Maruti Suzuki India Ltd.

Target

IDBI Capital

MSIL Q2FY21 results were below our and consensus estimates at revenue and Adj. PAT level due to lower realisation and lower other income. EBITDA margin for the quarter stood at 10.3% vs our and consensus estimates of 9.5% and 10.6% respectively. We believe pent demand and preference for personal mobility has helped MSIL to register good numbers during festive season. We marginally cut our volume/revenue estimates for FY21E/FY22E factoring lower premium car sales and lower realisation due to absence of diesel portfolio/adverse product mix. We also cut our other income estimates for FY21E/FY22E factoring the lower yields. We introduce our FY23 estimates...

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

Maruti Suzuki India Ltd.

30 Oct 2020

16243.00

1.61%

Maruti Suzuki India

Sell: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

For MSIL, share of UVs in total domestic volumes was at 18.2% in H1FY21 vs. 16.6% in FY20. Despite improvement in category mix, however, the company's UV market share has reduced from 24.9% as of FY20 to 22.9% as of H1FY21. Its chief offerings in the category i.e. Brezza, Ertiga, XL6 are witnessing intense competition from the likes of Venue, Nexon, Seltos, Creta and Hector (Exhibit 7). MSIL's commentary suggests that demand for PC category is higher vis--vis UV (i.e. downtrading) post Covid. This could lead...

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

Maruti Suzuki India Ltd.

30 Oct 2020

16243.00

1.61%

Below est.; Higher cost dilutes gains on lower discount, op. lev

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

Maruti Suzuki (MSIL)'s 2QFY21 operating performance was impacted by higher non-RM cost, which diluted the benefits of lower discounts and operating leverage. While demand visibility is good up to Dec'20, whether demand will sustain after this month is currently an uncertainty. We maintain our FY21/FY22 EPS. Maintain Buy, with TP of INR7,850....

Maruti Suzuki India Ltd. has gained 30.26% in the last 3 Months

Maruti Suzuki India Ltd.

30 Oct 2020

16243.00

1.61%

Result Update:Maruti Suzuki

Buy: Maruti Suzuki India Ltd.

Axis Direct

We expect company's volumes to decline by 13% YoY in FY21E followed by strong growth of 25% and 12% in FY22E/23E respectively. We maintain our BUY rating and TP of Rs.7,920 and continue to value the stock at 25x its FY23E EPS.

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

Is Maruti Suzuki India Ltd. worth buying?

1124 Votes:

Buy 72.15%

Sell 15.57%

Hold 12.28%

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