Maruti Suzuki India Ltd.

Company Background

Maruti Suzuki India, the country's No. 1 automaker, controls more than 40% of the domestic passenger car market.

The company started out as a state-run entity called Maruti Udyog in 1981. The following year, with the government actively promoting foreign investment in India, Japan's Suzuki Motor came on board as a joint venture partner.

The Japanese automaker gradually increased its stake in Maruti Udyog and turned it into a subsidiary in 2002. In 2007, the Indian government unloaded all of its remaining shares and the company was renamed Maruti Suzuki.

Although Maruti Suzuki is widely thought of as an Indian company, Suzuki owns a majority stake.

The company runs two factories in the northern state of Haryana. It has capacity for more than 1500,000 vehicles. Suzuki, meanwhile, is setting up an auto plant in the western state of Gujarat, scheduled to come onstream in 2017. This facility will be operated by a new, wholly owned Suzuki unit, rather than Maruti, but its output will be marketed by the Indian carmaker.

Although it focused on compact hatchbacks for years -- its Maruti 800 became an icon -- Maruti Suzuki now has sedans and sport utility vehicles in its lineup as well.

Business Summary

Maruti Suzuki India Ltd. engages in the manufacture, purchase and sale of motor vehicles, components, and spare parts. It includes facilitation facilitation of pre-owned car sales, fleet management and car financing. The company was founded on February 24, 1981 and is headquartered in New Delhi, India.

Financial Highlights

Mar 2022	INR	USD
Revenue	882,861M	11,848.95M
Gross Profit	144,190M	1,935.18M
Operating income	30,200M	405.31M
Income before tax	45,353M	608.68M
Net income	38,795M	520.67M
EBITDA	58,090M	779.63M
Diluted EPS	128.42	1.72
Dividends Per Share	60	0.80
Total Assets	751,618M	9,919.07M
Total liabilities	198,283M	2,616.73M
Total equity	553,335M	7,302.34M
Operating cash flow	18,881M	253.40M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	796,809M	860,283M	756,156M	703,315M	882,861M
Gross Profit	179,361M	181,196M	144,301M	122,348M	144,190M
Operating income	94,457M	83,278M	39,504M	24,769M	30,200M
Income before tax	111,669M	106,238M	69,844M	51,520M	45,353M
Net income	78,800M	76,491M	56,760M	43,891M	38,795M
EBITDA	122,055M	113,486M	74,788M	55,110M	58,090M
Diluted EPS	260.85	253.21	187.89	145.29	128.42
Dividends Per Share	80	80	60	45	60
Total Assets	605,670M	642,215M	639,188M	718,652M	751,618M
Total liabilities	179,915M	171,118M	144,866M	193,646M	198,283M
Total equity	425,594M	470,921M	494,130M	525,006M	553,335M
Operating cash flow	115,295M	66,610M	34,603M	88,248M	18,881M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	12,360.13M	12,299.82M	10,664.20M	9,474.16M	11,848.95M
Gross Profit	2,782.25M	2,590.63M	2,035.10M	1,648.11M	1,935.18M
Operating income	1,465.22M	1,190.66M	557.13M	333.65M	405.31M
Income before tax	1,732.21M	1,518.92M	985.02M	694.01M	608.68M
Net income	1,222.34M	1,093.62M	800.49M	591.24M	520.67M
EBITDA	1,893.32M	1,622.55M	1,054.74M	742.37M	779.63M
Diluted EPS	4.04	3.62	2.64	1.95	1.72
Dividends Per Share	1.24	1.14	0.84	0.60	0.80
Total Assets	9,286.32M	9,270.51M	8,449.13M	9,829.23M	9,919.07M
Total liabilities	2,758.51M	2,470.12M	1,914.91M	2,648.55M	2,616.73M
Total equity	6,525.34M	6,797.84M	6,531.68M	7,180.67M	7,302.34M
Operating cash flow	1,788.46M	952.35M	488.01M	1,188.76M	253.40M

Valuation Measures

Mar 2022
PER	58.86
ROA	5.27%
ROE	7.19%
Operating margin	3.42%
Profit margin	4.39%

Key executives

Chief Executive Officer & Managing Director: Hisashi Takeuchi
Chief Financial Officer: Ajay Seth
Chief Technical Officer: C. V. Raman
Chief HR & Information Technology Officer: Rajesh Uppal
Secretary, Vice President & Compliance Officer: Sanjeev Grover

Shareholders

Suzuki Motor Corp. (56.3%)
Life Insurance Corporation of India (Investment Portfolio) (4.2%)
SBI Funds Management Pvt Ltd. (1.6%)
ICICI Prudential Asset Management Co. Ltd. (1.4%)
The Vanguard Group, Inc. (1.3%)
UTI Asset Management Co. Ltd. (Investment Management) (1.2%)
Kotak Mahindra Asset Management Co. Ltd. (1.0%)
Norges Bank Investment Management (1.0%)
BlackRock Fund Advisors (0.9%)
Mirae Asset Investment Managers (India) Pvt Ltd. (0.7%)

Contact Details

Website:http://www.marutisuzuki.com
Address: Plot No. 1, Nelson Mandela Road, New Delhi, 110070, India
Phone: +91.11.46781000

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Competitors

Last Updated on 28 Mar, 2023