NSE: MARUTI | BSE: 532500

Turnaround Potential

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16265.00 280.00 (1.75%)

Near 52W High of ₹16435.00

429.3K NSE+BSE Volume

NSE 10 Oct, 2025 3:31 PM (IST)

511,375.8

Market Cap

Market Leader

0.8

Beta 1Year

Low volatility

Industry Outperformer

Maruti Suzuki outperforms the cars & utility vehicles industry by 15% points over the past quarter 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.

13 May 2020

16265.00

1.75%

Maruti Suzuki

Hold: Maruti Suzuki India Ltd.

Target

Sharekhan

Maruti Suzuki India Limited's (MSIL) Q4FY2020 results were lower than our as well as consensus estimates. MSIL posted lower-than-expected margins on account of subdued capacity utilisation and higher discounts. Volumes are expected to remain under pressure in the near term due to weak consumer sentiment and subdued economic activity because of COVID-19. Demand normalisation would take time as pick-up in economic activity and consumer sentiments would be gradual. Hence,...

Maruti Suzuki India Ltd. has gained 41.96% in the last 6 Months

Maruti Suzuki India Ltd.

13 May 2020

16265.00

1.75%

Maruti Suzuki

Buy: Maruti Suzuki India Ltd.

Target

Dolat Capital

While coronavirus outbreak continues to dampen near term PVs demand, we maintain our thesis that Maruti Suzuki (MSIL) is best positioned to tap the long term potential of the domestic PV market with (1) network strength, (2) strong rural presence and 3) product positioning (continued market dominance in the entry-level car...

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

Maruti Suzuki India Ltd.

13 May 2020

16265.00

1.75%

Below est; Uncertain outlook; Plant restart at slower pace

Buy: Maruti Suzuki India Ltd.

Target

Motilal Oswal

14 May 2020 MSILs 4QFY20 result is a mere reflection of the 10 days of lockdown in March, with the worst yet to come in 1HFY21. While the pain of the COVID- 19 crisis would result in a very weak FY21, we expect MSIL to come back stronger and recover faster than peers. Volume recovery in 2HFY21 is critical to the stocks performance. Maintain MSILs 4QFY20 revenues/EBITDA/PAT declined 15%/32%/28% YoY to ~INR182b/INR15.5b/INR12.9b. MSILs domestic PV market share recovered sharply by 450bp YoY (+250bp QoQ) to 54.4% in 4Q and expanded ~70bp to 51.9% in FY20. This was due to an adverse mix (lower diesel sales at 7% of volumes v/s 20% in 3Q). The gross margin improved ~60bp QoQ (+160bp YoY) owing to a lower discount by 300bp QoQ, partially offset by a weaker mix/Fx and one-off cost of INR1.

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

Maruti Suzuki India Ltd.

13 May 2020

16265.00

1.75%

Maruti Suzuki (BUY): Near-team outlook hazy; maintain faith on solid franchise

Buy: Maruti Suzuki India Ltd.

Target

BOB Capital Markets Ltd.

Maruti's (MSIL) Q4FY20 operating performance missed estimates due to a sequential dip in ASP and negative operating leverage.

Maruti Suzuki India Ltd. has gained 41.96% in the last 6 Months

Maruti Suzuki India Ltd.

15 Apr 2020

16265.00

1.75%

MARUTI SUZUKI INDIA LIMITED

Buy: Maruti Suzuki India Ltd.

Recommendation Target

Geojit BNP Paribas

Maruti Suzuki India Ltd. is trading above all available SMAs

Maruti Suzuki India Ltd.

31 Jan 2020

16265.00

1.75%

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...

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

Maruti Suzuki India Ltd.

29 Jan 2020

16265.00

1.75%

Result Review - Maruti Suzuki

Hold: Maruti Suzuki India Ltd.

Hem Securities

Maruti Suzuki India Limited (MSIL) is engaged in the business of manufacture, purchase and sale of motor vehicles, automobile components and spare parts (automobiles). The other activities of the Company consist of facilitation of pre-owned car sales, fleet management and car financing. The Company's services include Finance, Insurance, Maruti Genuine Accessories, Maruti Genuine Parts,...

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

Maruti Suzuki India Ltd.

29 Jan 2020

16265.00

1.75%

Q3FY20 Result Review : Maruti Suzuki India

Hold: Maruti Suzuki India Ltd.

Recommendation Target

IDBI Capital

MSIL Q3FY20 results were below our and consensus estimates at operating level. EBITDA margin declined to 10.2% vs our and consensus estimates of 11.2%. Margins were majorly impacted due to higher RM cost, higher discounts and increase in sales promotion expenses. Adj. PAT for the quarter stood at Rs15.6bn below our estimates of Rs18.4bn. We expect increase in vehicles prices due BSVI and higher discounting would remain challenge till H1FY21 however lower inventory levels, improving liquidity conditions and consumer sentiment, recently launched products and upcoming refreshes, lower base would MSIL to register mid-single digit growth in...

Maruti Suzuki India Ltd. has gained 41.96% in the last 6 Months

Maruti Suzuki India Ltd.

29 Jan 2020

16265.00

1.75%

Maruti Suzuki (BUY): Operational miss largely led by transient impact

Buy: Maruti Suzuki India Ltd.

Target

BOB Capital Markets Ltd.

Maruti's (MSIL) Q3FY20 operating performance missed estimates, largely due to the exaggerated impact of discounts and higher fixed cost appropriation.

Maruti Suzuki India Ltd. has gained 41.96% in the last 6 Months

Maruti Suzuki India Ltd.

29 Jan 2020

16265.00

1.75%

Maruti Suzuki India

Sell: Maruti Suzuki India Ltd.

Target

ICICI Securities Limited

Early BS-VI adoption to place MSIL in good stead! MSIL has been at the forefront of BS-VI transition in the PV space, with recent additions (Celerio, Eeco, Ciaz) taking the BS-VI model count to 11 (only Brezza, S-Cross, Ignis to go). Sales volumes of new emission norms compliant variants has crossed the 5 lakh unit mark, forming ~75% of total petrol vehicles sold YTD. Given its fast-tracked BS-VI adoption and no signs of any adverse market impact to the new vehicles (MSIL Q3FY20 domestic volumes up 0.3% YoY vs. 0.5% YoY decline for industry), the company is...

Maruti Suzuki India Ltd. has gained 41.96% in the last 6 Months

Is Maruti Suzuki India Ltd. worth buying?

1124 Votes:

Buy 72.15%

Sell 15.57%

Hold 12.28%

RESEARCH REPORTS

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