ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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 2022 INRUSD
Revenue882,861M11,848.95M
Gross Profit144,190M1,935.18M
Operating income30,200M405.31M
Income before tax45,353M608.68M
Net income38,795M520.67M
EBITDA58,090M779.63M
Diluted EPS128.421.72
Dividends Per Share600.80
Total Assets751,618M9,919.07M
Total liabilities198,283M2,616.73M
Total equity553,335M7,302.34M
Operating cash flow18,881M253.40M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
PER58.86
ROA5.27%
ROE7.19%
Operating margin3.42%
Profit margin4.39%

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) (1.1%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • Capital Research & Management Co. (World Investors) (0.7%)
  • Norges Bank Investment Management (0.5%)

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

    Last Updated on 4 Oct, 2022

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more