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09 Sep 2025 |
Maruti Suzuki
|
Consensus Share Price Target
|
15280.00 |
14543.03 |
- |
-4.82 |
buy
|
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05 Sep 2025
|
Maruti Suzuki
|
ICICI Securities Limited
|
15280.00
|
17000.00
|
14662.00
(4.21%)
|
11.26 |
Buy
|
|
|
The recent reduction in GST rates from 28% to 18% across most segments in the auto sector may inject fresh demand momentum. This is in addition to the recent rationalisation of personal income tax slabs, interest rate cuts and the upcoming Pay Commission revisions.
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05 Sep 2025
|
Maruti Suzuki
|
Axis Direct
|
15280.00
|
16425.00
|
14895.00
(2.58%)
|
7.49 |
Hold
|
|
|
Upgrading the stock HOLD to BUY and arriving at a TP of Rs 16,425 per share (Earlier: Rs 12,635/share), implying an upside of 12% from CMP.
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26 Aug 2025
|
Maruti Suzuki
|
Deven Choksey
|
15280.00
|
14312.00
|
14452.00
(5.73%)
|
Target met |
Buy
|
|
|
On 26th Aug 2025, Hon’ble Prime Minister Shri Narendra Modi inaugurated the start of production of Maruti Suzuki’s first Battery Electric Vehicle (BEV), the e-Vitara, at Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary of Maruti Suzuki India.
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25 Aug 2025
|
Maruti Suzuki
|
ICICI Direct
|
15280.00
|
16550.00
|
14452.00
(5.73%)
|
8.31 |
Buy
|
|
|
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04 Aug 2025
|
Maruti Suzuki
|
Deven Choksey
|
15280.00
|
14312.00
|
12365.00
(23.57%)
|
Target met |
Buy
|
|
|
Revenue: Consolidated revenue from operations grew by 7.9% YoY (-5.7% QoQ) to INR 3,86,052 Mn., above our estimates, led by sharp improvement in realizations (+6.9% YoY) and a stronger momentum in exports.
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01 Aug 2025
|
Maruti Suzuki
|
Axis Direct
|
15280.00
|
12635.00
|
12302.00
(24.21%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock.
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31 Jul 2025
|
Maruti Suzuki
|
Motilal Oswal
|
15280.00
|
14476.00
|
12608.00
(21.19%)
|
Target met |
Buy
|
|
|
MSIL’s 1QFY26 PAT of INR37.1b was ahead of our estimate of INR29.5b, led by higher-than-expected other income, even as EBITDA margin was largely in line with estimates.
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23 May 2025
|
Maruti Suzuki
|
Geojit BNP Paribas
|
15280.00
|
14126.00
|
12453.00
(22.70%)
|
Target met |
Buy
|
|
|
*over or under performance to benchmark index Maruti Suzuki India Ltd. (MSIL) is an automobile manufacturer, in which Japanese car and motorcycle manufacturer Suzuki Motor Corporation owns 56.2%. MSIL is one of...
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28 Apr 2025
|
Maruti Suzuki
|
Axis Direct
|
15280.00
|
11710.00
|
11846.00
(28.99%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock.
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28 Apr 2025
|
Maruti Suzuki
|
Prabhudas Lilladhar
|
15280.00
|
14007.00
|
11846.00
(28.99%)
|
Target met |
Buy
|
|
|
MSIL reported muted Q4FY25 performance with lower than anticipated realizations and high other expenses weighed in on overall profitability. Its standalone revenue grew by 6.4% YoY, marginally lower than PLe while it was in-line with consensus estimates. Realization increased by 2.8% YoY, however, UV mix declined sequentially leading realization to decline by 1% QoQ. Gross profit increased by 4.5% YoY while margin contracted by 50bps YoY to 28.1%. Higher other expenses due to the new SMG plant dragged EBITDA lower by 9%...
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27 Apr 2025
|
Maruti Suzuki
|
Emkay
|
15280.00
|
13500.00
|
11698.00
(30.62%)
|
Target met |
Buy
|
|
|
MSIL reported ~9% YoY/5% QoQ lower EBITDA on Kharkhoda plant costs, higher advertising, and lumpy other expenses; margins declined by 113bps QoQ to 10.5%, with underlying margins adjusted for lumpy expenses at ~11.4% (~5% miss vs Consensus).
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27 Apr 2025
|
Maruti Suzuki
|
Anand Rathi
|
15280.00
|
13350.00
|
11698.00
(30.62%)
|
Target met |
Buy
|
|
|
Maruti Suzuki’s Q4 standalone EBITDA declined 9% y/y to Rs42.6bn, below our estimated Rs49.3bn. Domestic volumes would clock a 5% CAGR over FY25-27 due to higher income levels (income-tax cuts), a rebound in first-time buyers, rural demand, launches and lower finance costs.
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26 Apr 2025
|
Maruti Suzuki
|
Motilal Oswal
|
15280.00
|
13985.00
|
11698.00
(30.62%)
|
Target met |
Buy
|
|
|
Maruti Suzuki (MSIL)’s 4QFY25 margin came in 110bp below our estimate at 10.5%, largely due to the lumpy nature of multiple costs that affected its performance.
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28 Feb 2025
|
Maruti Suzuki
|
Ventura
|
15280.00
|
15336.00
|
11945.85
(27.91%)
|
0.37 |
Buy
|
|
|
Company Update
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17 Feb 2025
|
Maruti Suzuki
|
Sharekhan
|
15280.00
|
14500.00
|
12762.90
(19.72%)
|
Target met |
Buy
|
|
|
MSIL’s (Maruti Suzuki India Ltd) Q3FY25 performance was decent with revenue inline of estimates, while EBITDA margin beat expectations with q-o-q rise in gross margins.
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30 Jan 2025
|
Maruti Suzuki
|
Axis Direct
|
15280.00
|
12065.00
|
12000.00
(27.33%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock.
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29 Jan 2025
|
Maruti Suzuki
|
Anand Rathi
|
15280.00
|
14200.00
|
11977.90
(27.57%)
|
Target met |
Buy
|
|
|
Broadly in line with our estimate, Maruti Suzuki’s Q3 standalone EBITDA grew 14% y/y to Rs44.7bn. Domestic volumes would clock a 6% CAGR over FY25-27 due to higher income levels, rebound of firsttime buyers, rural demand, launches and greater support by financiers.
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29 Jan 2025
|
Maruti Suzuki
|
Motilal Oswal
|
15280.00
|
14500.00
|
11977.90
(27.57%)
|
Target met |
Buy
|
|
|
Maruti Suzuki India (MSIL) reported an in-line performance during 3QFY25. Margin dilution in Q3 was restricted to 30bps QoQ despite the rise in discounts due to favorable operating leverage benefits.
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19 Nov 2024
|
Maruti Suzuki
|
Asit C Mehta Investment Interrmediates
|
15280.00
|
14250.00
|
10959.30
(39.42%)
|
Target met |
Accumulate
|
|
|
We estimate a forward P/E multiple of 25x based on FY27E EPS of Rs 570, resulting in a target price of Rs 14,250 per share.
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31 Oct 2024
|
Maruti Suzuki
|
BP Wealth
|
15280.00
|
|
11076.45
(37.95%)
|
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Results Update
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