| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 53,356 | 42,344 | +26.0% |
| EBITDA | 4,764 | 5,086 | −6.3% |
| EBITDA margin | 8.9% | 12.0% | −3.1 pts |
| Profit before tax | 3,150 | 4,272 | −26.3% |
| Net profit | 2,466 | 3,349 | −26.4% |
| EPS | ₹78.44 | ₹106.52 | −26.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,64,044 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 5,236 | 15,491 | 8,522 | 6,572 | 37.3 | ||
| 0.0 | 0.0 | — | — | 37.5 | ||
| 0.0 | 0.0 | 0.0 | 33.1 | 1,216 | ||
| 3,58,808 | — | — | — | — | ||
| 2,08,192 | 1,83,316 | 1,52,913 | 1,41,858 | 1,17,571 | ||
| — | +19.9% | +7.8% | +20.7% | — | ||
| 20,809 | 21,456 | 20,156 | 18,526 | 11,018 | ||
| 10.0% | 11.7% | 13.2% | 13.1% | 9.4% | ||
| 13,586 | 14,715 | 14,548 | 13,271 | 8,192 | ||
| 13,451 | 14,680 | 14,500 | 13,488 | 8,211 | ||
| 6.5% | 8.0% | 9.5% | 9.5% | 7.0% | ||
| ₹427.83 | ₹466.91 | ₹461.20 | ₹429.01 | ₹261.16 | ||
| — | +1.2% | +7.5% | +64.3% | — | ||
| — | 19,100 | 16,136 | 16,801 | 9,251 | ||
| — | −10,398 | −10,641 | −9,200 | −6,347 | ||
| 8,702 | 8,702 | 5,496 | 7,601 | 2,904 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,64,043.8 | |
| - Cash, Equiv & ST Investments | 37.3 | 6,571.7 | 8,522.1 | 15,491.3 | 5,236.2 | |
| + Minority Interest | 37.5 | — | — | 0.0 | 0.0 | |
| + Total Debt | 1,215.8 | 33.1 | 0.0 | 0.0 | 0.0 | |
| Enterprise Value | — | — | — | — | 3,58,807.6 | |
| Revenue | 1,17,571.3 | 1,41,858.2 | 1,52,913.0 | 1,83,316.0 | 2,08,191.9 | |
| Growth %, YoY | — | +20.7 | +7.8 | +19.9 | — | |
| EBITDA | 11,017.7 | 18,526.3 | 20,156.3 | 21,456.2 | 20,808.8 | |
| Margin % | 9.37 | 13.06 | 13.18 | 11.70 | 10.00 | |
| EBIT | 8,192.0 | 13,270.5 | 14,548.1 | 14,714.5 | 13,585.9 | |
| Net Income | 8,211.0 | 13,488.2 | 14,500.2 | 14,679.5 | 13,451.1 | |
| Margin % | 6.98 | 9.51 | 9.48 | 8.01 | 6.46 | |
| EPS, Adj (current shares) | 261.16 | 429.01 | 461.20 | 466.91 | 427.83 | |
| Growth %, YoY | — | +64.3 | +7.5 | +1.2 | — | |
| Cash from Operations | 9,251.4 | 16,801.1 | 16,136.2 | 19,099.9 | — | |
| Capital Expenditures | -6,347.3 | -9,199.9 | -10,640.6 | -10,397.6 | — | |
| Free Cash Flow | 2,904.1 | 7,601.2 | 5,495.6 | 8,702.3 | 8,702.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Maruti Suzuki India (NSE: MARUTI) had a market capitalisation of ₹3,59,233 crore at the 29 October 2026 close (₹11,426.00 a share), a PE ratio of 26.7 on the last four quarters' profit and a price-to-book ratio of 3.30. In FY26 its consolidated net profit was ₹14,680 crore on revenue of ₹1,83,316 crore; in Q2 FY27 (July–September 2026) it was ₹2,466 crore, down 26.4% year on year. It had no borrowings on 30 September 2026. Promoters held 58.72% of the shares on 30 September 2026.
Maruti Suzuki's PE ratio is 26.7 at the 29 October 2026 close (₹11,426.00 a share): a market capitalisation of ₹3,59,233 crore divided by consolidated net profit of ₹13,451 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹14,680 crore) it is 24.5.
Maruti Suzuki's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹1,09,002 crore. A year earlier, on 30 September 2025, it was 0.00.
Maruti Suzuki's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,09,002 crore (₹1.09 lakh crore) on 30 September 2026, up 9.3% from ₹99,744 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,59,233 crore at the 29 October 2026 close.
Maruti Suzuki's price-to-book (PB) ratio is 3.30 at the 29 October 2026 close: a market capitalisation of ₹3,59,233 crore divided by shareholders' equity (book value) of ₹1,09,002 crore on 30 September 2026. That is a book value of ₹3,466.99 per share against a share price of ₹11,426.00.
In FY26, Maruti Suzuki's return on equity (ROE) was 14.4% and its return on capital employed (ROCE) was 13.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 16.0% and ROCE 15.3%.
Maruti Suzuki's book value per share was ₹3,466.99 on 30 September 2026: shareholders' equity of ₹1,09,002 crore divided by the 31.44 crore shares in issue, up 9.3% from ₹3,172.51 a year earlier. The share price at the 29 October 2026 close was ₹11,426.00.
Maruti Suzuki's market capitalisation was ₹3,59,233 crore (₹3.59 lakh crore) at the 29 October 2026 close: 31.44 crore shares at ₹11,426.00 each.
Yes. Maruti Suzuki had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹5,750 crore of cash, bank balances and current investments.
In 2026, Maruti Suzuki has declared one dividend: ₹140 with record date 7 August 2026.
Maruti Suzuki's basic earnings per share (EPS) were ₹466.90 in FY26, against ₹461.20 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹427.83.
Maruti Suzuki's dividend yield is 1.23% at the 29 October 2026 close: dividends of ₹140 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹11,426.00. They were ₹140 on 7 August 2026.
Promoters held 58.72% of Maruti Suzuki on 30 September 2026, up 0.07 percentage points from 58.65% the previous quarter and up 0.44 percentage points from 58.28% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Maruti Suzuki's shares were held by promoters 58.72%, foreign portfolio investors (FII/FPI) 12.42%, domestic institutions (DII) 25.41% (including mutual funds at 14.77%) and retail and other non-institutional investors 3.44%. Over the year, FII holding was down 3.36 percentage points from 15.78% and DII holding was up 2.78 percentage points from 22.63%.
On FY26 consolidated figures, against M&M, Hyundai Motor India and Bajaj Auto: Maruti Suzuki's operating margin of 8.0% is the lowest of the four (M&M 14.9%, Hyundai Motor India 9.0%, Bajaj Auto 19.7%; peer average 14.6%); its return on equity of 14.4% is the lowest of the four (M&M 20.1%, Hyundai Motor India 29.9%, Bajaj Auto 29.0%; peer average 26.4%).
In FY26, Maruti Suzuki earned net profit of ₹14,680 crore on revenue of ₹1,83,316 crore, against ₹17,099 crore on ₹1,98,639 crore for M&M. Maruti Suzuki's operating margin was 8.0% (M&M 14.9%) and its return on equity 14.4% (M&M 20.1%). At the 29 October 2026 close, Maruti Suzuki's market capitalisation was ₹3,59,233 crore against ₹3,23,073 crore for M&M, and its PE ratio on FY26 profit 24.5 against 18.9.
In FY26, Maruti Suzuki generated ₹19,100 crore of cash from operations and spent ₹10,398 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹8,702 crore. In FY25 it was ₹5,496 crore.
Maruti Suzuki's latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit ₹2,466 crore, down 26.4% from ₹3,349 crore in Q2 FY26; revenue from operations ₹53,356 crore, up 26.0% year on year.
Maruti Suzuki has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26 (April 2025–March 2026), Maruti Suzuki's consolidated net profit was ₹14,680 crore, up 1.2% from ₹14,500 crore in FY25, on revenue from operations of ₹1,83,316 crore (up 19.9%). Over three years, from FY23, net profit was up 78.8%.
At the 29 October 2026 closing prices, on FY26 net profit, Maruti Suzuki's PE ratio is 24.5, the third highest of the four: M&M 18.9, Hyundai Motor India 28.8 and Bajaj Auto 26.6, a peer average of 24.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
From Maruti Suzuki India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.