Name: Latest research reports of Maruti Suzuki India Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Maruti Suzuki India Ltd.
Rating: 5
Author: Sharekhan

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	16 Sep 2025	Maruti Suzuki	Consensus Share Price Target	15265.00	15091.98	-	-1.13	buy	pdf Detailed Estimates
	27 Oct 2023	Maruti Suzuki	Sharekhan Target	15265.00	12257.00	10397.70 (46.81%)	Target met	Buy	pdf post cache	Broker Report Maruti Suzuki Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	27 Oct 2023	Maruti Suzuki	ICICI Securities Limited Target	15265.00	11234.00	10560.70 (44.55%)	Target met	Accumulate	pdf post cache	Broker Report Strong beat in margin; confident of growing 10% in FY24 ICICI Securities Limited Maruti Suzuki (MSIL) reported EBITDA margin of 12.9%, up 370bps QoQ in Q2FY24, higher than consensus estimate of ~11%, driven by gross margin improvement of ~220bps (due to superior product mix) and operating leverage. ASP was up 3% QoQ at ~INR 670k/unit with blended discount up ~INR 1.5k/unit QoQ (INR 17.7k/unit). pdf Copy Link Share on Share on Share on Share on Alert
	12 Sep 2023	Maruti Suzuki	Motilal Oswal Target	15265.00	11900.00	10503.60 (45.33%)	Target met	Buy	pdf post cache	Broker Report Estimates 6 % CAGR in dom. PV Industry till FY31 Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	01 Aug 2023	Maruti Suzuki	ICICI Securities Limited Reco Target	15265.00	10923.00	9820.75 (55.44%)	Target met	Accumulate	pdf post cache	Broker Report Operationally stable quarter; entering festive season now ICICI Securities Limited Maruti Suzuki (MSIL) has reported EBITDAM of 9.2%, down 130bps QoQ, despite 50bps QoQ improvement in GM, as 80bps non-recurring expenses under staff cost impacted margins in Q1FY24. ASP was up 4% QoQ to INR 650k/unit with blended discount being up ~INR 3k/unit QoQ. EBITDA came in at ~INR 30bn vs consensus estimate at INR 32.5bn. pdf Copy Link Share on Share on Share on Share on Alert
	01 Aug 2023	Maruti Suzuki	Axis Direct Target	15265.00	10800.00	9716.75 (57.10%)	Target met	Buy	pdf post cache	Broker Report Result Update:Maruti Suzuki Axis Direct We maintain our BUY rating on the stock and value it at 27xP/E of its Jun'25E EPS (roll forward from FY25 EPS) pdf Copy Link Share on Share on Share on Share on Alert
	31 Jul 2023	Maruti Suzuki	Motilal Oswal Target	15265.00	11150.00	9820.75 (55.44%)	Target met	Buy	pdf post cache	Broker Report Higher staff cost leads to EBIT miss Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	31 Jul 2023	Maruti Suzuki	Sharekhan Target	15265.00	11333.00	9543.70 (59.95%)	Target met	Buy	pdf post cache	Broker Report Maruti Suzuki Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	06 Jun 2023	Maruti Suzuki	Ventura	15265.00	13572.00	9736.20 (56.79%)		Buy	pdf post cache	Broker Report MARUTI SUZUKI INDIA LTD. Ventura Shifting gears for the next phase of growth pdf Copy Link Share on Share on Share on Share on Alert
	02 May 2023	Maruti Suzuki	Geojit BNP Paribas Target	15265.00	9299.00	8776.85 (73.92%)	Target met	Hold	pdf post cache	Broker Report MARUTI SUZUKI INDIA LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	29 Apr 2023	Maruti Suzuki	BOB Capital Markets Ltd. Target	15265.00	9858.00	8589.55 (77.72%)	Target met	Hold	pdf post cache	Broker Report Maruti Suzuki (HOLD): Short-term pricing blip BOB Capital Markets Ltd. Q4 volume growth soft due to an unfavourable mix; order book strong at 412k units (vs. 363k units in Q3FY23) pdf Copy Link Share on Share on Share on Share on Alert
more loading

New 52W High in past week

Maruti Suzuki India Ltd. share price target

Maruti Suzuki India Ltd. has an average share price target of 14714.08. The consensus estimate represents a downside of -3.61% from the last price of 15265. View 24 reports from 14 analysts offering long-term price targets for Maruti Suzuki India Ltd..

Maruti Suzuki

Strong beat in margin; confident of growing 10% in FY24

Estimates 6 % CAGR in dom. PV Industry till FY31

Operationally stable quarter; entering festive season now

Result Update:Maruti Suzuki

Higher staff cost leads to EBIT miss

Maruti Suzuki

MARUTI SUZUKI INDIA LTD.

MARUTI SUZUKI INDIA LIMITED

Maruti Suzuki (HOLD): Short-term pricing blip

Advisor Screeners