Maruti Suzuki India Limited (NSE:MARUTI)

Maruti Suzuki India Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	1,833,160	1,833,160	1,529,130	1,418,582	1,184,099	883,298
Revenue Growth	19.88%	19.88%	7.79%	19.80%	34.05%	25.52%
Gross Profit Gross Profit Growth	510,292	510,292	439,519	408,135	318,384	216,422
Operating Income Operating Income Growth	147,145	147,145	146,154	134,822	82,755	29,630
Net Income Net Income Growth	146,795	146,795	145,002	134,882	82,637	38,795
Earnings Per Share EPS Growth	466.90	466.90	461.20	429.01	262.84	128.43
EPS Growth	1.24%	1.24%	7.50%	63.22%	104.66%	-11.61%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Vehicles Vehicles Growth	1,257,091	1,170,455	983,199	737,912	590,059
Spare Parts/Dies & Moulds/Components Spare Parts/Dies & Moulds/Components Growth	194,008	178,762	141,738	100,086	75,659
Other Operating Other Operating Growth	78,031	69,365	59,162	45,300	38,002

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	173,458	173,458	115,188	91,974	41,531	71,805
Total Debt Total Debt Growth	1,025	1,025	1,165	2,392	12,759	4,442
Net Cash (Debt) Net Cash Growth	172,433	172,433	114,023	89,582	28,772	67,363
Net Cash Growth	51.23%	51.23%	27.28%	211.35%	-57.29%	-38.40%
Net Cash Per Share Net Cash Per Share Growth	548.44	548.44	362.67	284.93	91.51	223.00

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	190,999	190,999	161,362	168,011	108,146	18,405
Capital Expenditures CapEx Growth	-101,227	-101,227	-102,503	-89,162	-78,341	-32,063
Free Cash Flow Free Cash Flow Growth	89,772	89,772	58,859	78,849	29,805	-13,658
Free Cash Flow Growth	52.52%	52.52%	-25.35%	164.55%	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	27.84%	27.84%	28.74%	28.77%	26.89%	24.50%
Operating Margin	8.03%	8.03%	9.56%	9.50%	6.99%	3.35%
Pretax Margin	10.43%	10.43%	12.83%	12.28%	8.82%	5.32%
Profit Margin	8.01%	8.01%	9.48%	9.51%	6.98%	4.39%
FCF Margin	4.90%	4.90%	3.85%	5.56%	2.52%	-1.55%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 25, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	140.000	140.000	135.000	125.000	90.000	60.000
Dividend Per Share Growth	3.70%	3.70%	8.00%	38.89%	50.00%	33.33%
Dividend Yield	1.04%	1.14%	1.18%	1.01%	1.12%	0.82%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 25, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	28.79	26.36	24.98	29.37	30.31	58.88
Forward PE	25.94	22.28	21.92	28.47	23.91	39.44
P/FCF Ratio	47.08	43.10	61.55	50.24	84.04	-
PS Ratio	2.31	2.11	2.37	2.79	2.12	2.59

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Jul 24, 2026

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