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Consumer Durables

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 2020 INRUSD
Revenue756,156M10,664.20M
Gross Profit144,301M2,035.10M
Operating income39,504M557.13M
Income before tax69,844M985.02M
Net income56,760M800.49M
EBITDA74,788M1,054.74M
Diluted EPS187.892.64
Dividends Per Share600.84
Total Assets639,188M8,449.13M
Total liabilities144,866M1,914.91M
Total equity494,130M6,531.68M
Operating cash flow34,603M488.01M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 574,868M 680,445M 796,809M 860,283M 756,156M
Gross Profit 131,584M 154,366M 179,361M 181,196M 144,301M
Operating income 62,795M 78,665M 94,457M 83,278M 39,504M
Income before tax 75,847M 101,272M 111,669M 106,238M 69,844M
Net income 54,961M 75,099M 78,800M 76,491M 56,760M
EBITDA 91,013M 104,704M 122,055M 113,486M 74,788M
Diluted EPS 181.94 248.60 260.85 253.21 187.89
Dividends Per Share 35 75 80 80 60
Total Assets 433,577M 525,643M 605,670M 642,215M 639,188M
Total liabilities 127,273M 154,738M 179,915M 171,118M 144,866M
Total equity 306,160M 370,751M 425,594M 470,921M 494,130M
Operating cash flow 84,680M 123,743M 135,719M 66,610M 34,603M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 8,780.52M 10,147.25M 12,360.13M 12,299.82M 10,664.20M
Gross Profit 2,009.81M 2,302.00M 2,782.25M 2,590.63M 2,035.10M
Operating income 959.12M 1,173.10M 1,465.22M 1,190.66M 557.13M
Income before tax 1,158.48M 1,510.23M 1,732.21M 1,518.92M 985.02M
Net income 839.47M 1,119.92M 1,222.34M 1,093.62M 800.49M
EBITDA 1,390.13M 1,561.41M 1,893.32M 1,622.55M 1,054.74M
Diluted EPS 2.77 3.70 4.04 3.62 2.64
Dividends Per Share 0.53 1.11 1.24 1.14 0.84
Total Assets 6,547.27M 8,094.91M 9,286.32M 9,270.51M 8,449.13M
Total liabilities 1,921.89M 2,382.96M 2,758.51M 2,470.12M 1,914.91M
Total equity 4,623.20M 5,709.57M 6,525.34M 6,797.84M 6,531.68M
Operating cash flow 1,293.40M 1,845.33M 2,105.27M 952.35M 488.01M

Valuation Measures

Mar 2020
PER22.81
ROA8.85%
ROE11.76%
Operating margin5.22%
Profit margin7.50%

Key executives

  • Chief Executive Officer, Executive Director & MD: Kenichi Ayukawa
  • CFO & Senior Executive Officer-Finance: Ajay Seth
  • Senior Executive Officer-Human Resources & IT: Rajesh Uppal
  • Secretary, Vice President & Compliance Officer: Sanjeev Grover
  • Member-Executive Board: Randhir Singh Kalsi

Shareholders

  • Suzuki Motor Corp. (56.2%)
  • Life Insurance Corp of India (6.6%)
  • SBI Funds Management Pvt Ltd. (1.7%)
  • The Vanguard Group, Inc. (1.4%)
  • Axis Asset Management Co. Ltd. (1.3%)
  • Capital Research & Management Co. (World Investors) (1.0%)
  • JPMorgan Asset Management (UK) Ltd. (1.0%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.8%)
  • BlackRock Fund Advisors (0.8%)
  • GIC Pte Ltd. (Investment Management) (0.7%)

Contact Details

Related Companies

  • Maruti Suzuki India Limited Employees Provident Fund Trust
  • True Value Solutions Ltd.
  • J.J. Impex (Delhi) Pvt Ltd.
  • Maruti Insurance Broking Pvt Ltd.
  • Maruti Suzuki Automobile India Ltd.

Competitors

  • Great Wall Motor Co., Ltd. Class H
Last Updated on 21 Oct, 2020

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