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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 2021 INRUSD
Revenue703,315M9,474.16M
Gross Profit122,348M1,648.11M
Operating income24,769M333.65M
Income before tax51,520M694.01M
Net income43,891M591.24M
EBITDA55,110M742.37M
Diluted EPS145.291.95
Dividends Per Share450.60
Total Assets717,718M9,816.45M
Total liabilities192,712M2,635.78M
Total equity525,006M7,180.67M
Operating cash flow88,248M1,188.76M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 680,445M 796,809M 860,283M 756,156M 703,315M
Gross Profit 154,366M 179,361M 181,196M 144,301M 122,348M
Operating income 78,665M 94,457M 83,278M 39,504M 24,769M
Income before tax 101,272M 111,669M 106,238M 69,844M 51,520M
Net income 75,099M 78,800M 76,491M 56,760M 43,891M
EBITDA 104,704M 122,055M 113,486M 74,788M 55,110M
Diluted EPS 248.60 260.85 253.21 187.89 145.29
Dividends Per Share 75 80 80 60 45
Total Assets 525,643M 605,670M 642,215M 639,188M 717,718M
Total liabilities 154,738M 179,915M 171,118M 144,866M 192,712M
Total equity 370,751M 425,594M 470,921M 494,130M 525,006M
Operating cash flow 102,216M 115,295M 66,610M 34,603M 88,248M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 10,147.25M 12,360.13M 12,299.82M 10,664.20M 9,474.16M
Gross Profit 2,302.00M 2,782.25M 2,590.63M 2,035.10M 1,648.11M
Operating income 1,173.10M 1,465.22M 1,190.66M 557.13M 333.65M
Income before tax 1,510.23M 1,732.21M 1,518.92M 985.02M 694.01M
Net income 1,119.92M 1,222.34M 1,093.62M 800.49M 591.24M
EBITDA 1,561.41M 1,893.32M 1,622.55M 1,054.74M 742.37M
Diluted EPS 3.70 4.04 3.62 2.64 1.95
Dividends Per Share 1.11 1.24 1.14 0.84 0.60
Total Assets 8,094.91M 9,286.32M 9,270.51M 8,449.13M 9,816.45M
Total liabilities 2,382.96M 2,758.51M 2,470.12M 1,914.91M 2,635.78M
Total equity 5,709.57M 6,525.34M 6,797.84M 6,531.68M 7,180.67M
Operating cash flow 1,524.31M 1,788.46M 952.35M 488.01M 1,188.76M

Valuation Measures

Mar 2021
PER47.21
ROA6.46%
ROE8.61%
Operating margin3.52%
Profit margin6.24%

Key executives

  • Chief Executive Officer, MD & Executive Director: Kenichi Ayukawa
  • 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 Corp of India (5.7%)
  • SBI Funds Management Pvt Ltd. (1.7%)
  • ICICI Prudential Asset Management Co. Ltd. (1.5%)
  • The Vanguard Group, Inc. (1.3%)
  • BlackRock Fund Advisors (1.0%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.9%)
  • Capital Research & Management Co. (World Investors) (0.9%)
  • Mirae Asset Financial Services (India) Pvt Ltd. (0.7%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.6%)

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

  • Hyundai Motor Company
Last Updated on 3 Dec, 2021

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