Maruti Suzuki India Limited (MARUTI) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹4.3T (≈ $46.0B) · ISIN INE585B01010
What is Maruti Suzuki India Limited really worth?
A solid business, but trading 54% above our fair value of ₹8,236.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 26 valuation models · updated today
Share price −10.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹10,284). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹4,587 to ₹10,284) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range ₹6,374 – ₹17,292 · fair‑value band ₹4,587 – ₹10,284 · the ₹12,694 price screens above the ₹8,236 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Maruti Suzuki India Limited (MARUTI) currently trades at ₹12,694, while our model-based Fair Value estimate is ₹8,236, implying the stock looks roughly 54.1% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of ₹10,380 per share, and 2 of the 26 models we run sit above the ₹12,694 price. Bear case: the Asset-Based group reads lowest at ₹2,284, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Maruti Suzuki India Limited generated revenue of ₹1.8T at a net margin of 8.0%. Revenue grew 28.2% year over year. It earns a return on equity of 14.4%. The balance sheet holds a net cash position of ₹14.8B. Fundamentals as of Sep 5, 2026
Our scenario range runs from ₹4,587 (bear case) to ₹10,284 (bull case); at ₹12,694, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 29% fair-value upside, at −35%, MARUTI screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹141.63 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (₹10,380) versus Asset-Based (₹2,284). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Maruti Suzuki India Limited manufactures, purchases, and sells motor vehicles, components, and spare parts in India. The company offers passenger vehicles, utility vehicles, and multi-purpose vehicles. It is also involved in the facilitation of pre-owned car sales, fleet management, and car financing activities.
Full company description
Maruti Suzuki India Limited manufactures, purchases, and sells motor vehicles, components, and spare parts in India. The company offers passenger vehicles, utility vehicles, and multi-purpose vehicles. It is also involved in the facilitation of pre-owned car sales, fleet management, and car financing activities. In addition, the company offers driving school, insurance, accessories, and financing products and services. It also exports its products to South Africa, Saudi Arabia, Chile, Japan, Mexico, and internationally. The company was formerly known as Maruti Udyog Limited and changed its name to Maruti Suzuki India Limited in September 2007. Maruti Suzuki India Limited was incorporated in 1981 and is headquartered in New Delhi, India. Maruti Suzuki India Limited is a subsidiary of Suzuki Motor Corporation.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Maruti Suzuki India Limited reported revenue of ₹1.8T in FY2026 versus ₹883B in FY2022, a compound +20.0%/yr. Reported net income was ₹147B in FY2026, compounding +39.5%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
of which total revenue +11.8 % · buybacks/dilution −0.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
MARUTI screens 54% overvalued. Compare with Toyota Motor Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Maruti Suzuki Q1 profit falls despite rise in net sales
- India's Maruti Suzuki warns of price hikes as Gulf war raises costs
- India's Maruti Suzuki launches first EV with battery rental scheme
Peer Group
Auto Manufacturers · 115 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Auto Manufacturers median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TM | $191.84 | $247.83 | +29% |
| BYD Company 81211 | HK$76.90 | HK$48.59 | −37% |
| Hyundai Motor Company 005380 | 418,500 KRW | 567,393 KRW | +36% |
| Ferrari N.V RACE | €355.50 | €167.67 | −53% |
| General Motors Company GM | $86.27 | $52.69 | −39% |
| Ford Motor Company F | $13.88 | $11.51 | −17% |
| Mercedes-Benz Group MBG | €46.95 | €106.16 | +126% |
| Dr. Ing. h.c. F. Porsche AG P911 | €43.91 | €17.34 | −61% |
| Volkswagen AG VOW3 | €77.42 | €248.34 | +221% |
| Bayerische Motoren Werke Aktiengesellschaft BMW | €62.64 | €140.42 | +124% |
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