Maruti Suzuki India Limited (MARUTI) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹4.3T
Strengths
Risks
Fair value as of: Aug 21, 2026
From 24 valuation models · updated yesterday
Share price +0.2% over the past month.
A solid business, but screening 40% overvalued on our models.
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 (₹10,234). The favourable scenario is already priced in.
- Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹4,366 to ₹10,234) 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 Aug 21, 2026.
How to read this chart
60‑month range ₹6,129 – ₹17,122 · fair‑value band ₹4,366 – ₹10,234 · the ₹13,580 price screens above the ₹8,180 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Maruti Suzuki India Limited (MARUTI) currently trades at ₹13,580, while our model-based Fair Value estimate is ₹8,180, implying the stock looks roughly 39.8% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Maruti Suzuki India Limited generated revenue of ₹2.0T at a net margin of 7.3%. Revenue grew 35.9% year over year. It earns a return on equity of 14.4%. Net debt stands at ₹11.8B. Fundamentals as of Aug 21, 2026
Our scenario range runs from ₹4,366 (bear case) to ₹10,234 (bull case); at ₹13,580, 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 21% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 23% fair-value upside, at -40%, MARUTI screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 24 models by family
Widest divergence: Growth Earnings (₹9,932) versus Asset-Based (₹2,284). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 54
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.
About the company
Maruti Suzuki India Limited engages in the manufacture, purchase, and sale of motor vehicles, components, and spare parts primarily 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 engages in the manufacture, purchase, and sale of motor vehicles, components, and spare parts primarily 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, accessories, insurance, and financing products and services. It also exports its products to Mexico, Chile, Saudi Arabia, South Africa, Philippines, 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 operates as 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 +19.0%/yr. Reported net income was ₹147B in FY2026, compounding +39.5%/yr from FY2022.
MARUTI screens 40% overvalued. Compare with Toyota Motor Corporation →
Peer Group
Auto Manufacturers · 120 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
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 Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TMN | 3,052 MXN | 3,390 MXN | +11% |
| BYD Company 81211 | HK$76.90 | HK$48.59 | -37% |
| Hyundai Motor Company 005380 | 418,500 KRW | 567,393 KRW | +36% |
| Bayerische Motoren Werke Aktiengesellschaft BMWM5N | 1,909 MXN | 2,610 MXN | +37% |
| Volkswagen AG VOW | 2,149 CZK | 7,783 CZK | +262% |
| Kia Corporation 000270 | 135,600 KRW | 341,751 KRW | +152% |
| Weichai Power Co 2338 | HK$36.40 | HK$28.46 | -22% |
| Geely Automobile Holdings 80175 | HK$15.50 | HK$19.14 | +23% |
| Bajaj Auto Limited BAJAJAUTO | ₹11,793 | ₹4,574 | -61% |
| Eicher Motors Limited EICHERMOT | ₹7,962 | ₹3,246 | -59% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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