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Automobile and Auto Components · NSE: MARUTI

Maruti Suzuki India Limited - Fair Value & Intrinsic Value Estimate

Intrynsic's multi-model valuation estimates Maruti Suzuki India Limited's fair value at ₹13,440 per share (range ₹8,639–₹13,442) against a market price of ₹13,442 - a gap of -0.0% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.

Low ₹8,639Near fair-value est.High ₹13,442

Market price

₹13,442

close of 24 Jul 2026

Est. fair value

₹13,440

₹8,639–₹13,442

Gap

-0.0%

price vs estimate

Trading close to our estimated fair value (-0% gap). Assumptions and per-model workings are below.

What Maruti Suzuki India Limited does

Maruti Suzuki sells roughly four out of every ten new cars in India, focused on affordable hatchbacks and SUVs. Parent Suzuki of Japan supplies technology while India provides the volume.

Automobile and Auto Components · Automobiles

Health signals

GrowthRevenue +16.0%/yr (3y)Good

Over the last 3 years, revenue grew 16.0%/yr and profit grew 21.4%/yr.

ProfitabilityROE 13.7%Good

Every ₹100 of shareholder money earned ₹13.7 in profit last year, vs a sector median of 12.7%.

DebtD/E 0.00Good

It holds more cash than debt.

Valuation-0% vs estimateOkay

The market price is close to our estimated fair value (based on stated assumptions).

Quality₹38 cash per ₹100 profitOkay

About ₹38 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.

The valuation, explained- models, weights & assumptions ▾

Intrynsic values Maruti Suzuki India Limited with 4 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.

ModelEstimated valuevs priceWeight
DCFFuture Cash Flows Method₹11,311-16%-
EV/EBITDAIndustry Comparison Method₹13,440-0%-
P/E MultipleEarnings Multiple Method₹13,4420%-
EV/EBITAfter-Depreciation Comparison Method₹8,639-36%-

Key assumptions

Risk-free rate
7.0%
Equity risk premium
6.5%
Beta
0.966
Cost of equity
13.3%
Terminal growth
5.0%
Tax rate
25%

Reverse DCF: today's market price implies the company must grow free cash flow about 43.2% a year for the next decade - versus 20.0% historical revenue growth.

Key financialsFY17–FY26

Full statements & analysis →
Revenue₹1,83,316 Cr
Net profit₹14,680 Cr
EPS₹466.9
Free cash flow₹8,702 Cr
ROE (latest)13.7%
Revenue growth (CAGR)11.6%
Profit growth (CAGR)7.7%

Peers

Sector overview →
FORCE MOTORS LTD₹22,752 CrP/E 18.8ROE 28.9%
Mercury Ev-Tech Limited₹634 CrP/E 158.5
Tata Motors Passenger Vehicles Limited₹1,20,695 CrP/E 1.5ROE 73.8%
Hyundai Motor India Limited₹1,61,289 CrP/E 29.7ROE 27.1%
Mahindra & Mahindra Limited₹4,02,717 CrP/E 23.6ROE 20.0%
Olectra Greentech Limited₹10,901 CrP/E 61.4ROE 14.7%
Ask AI about Maruti Suzuki India LimitedChat with Intrynsic's research agent about results, risks and filings.Sign up free →Track it in your watchlistFair-value alerts, result-day briefs and portfolio analytics.Sign up free →See the full model workingsEvery assumption, per-model trace, reverse DCF and peer lens.Sign up free →

Frequently asked questions

What is Maruti Suzuki India Limited's intrinsic value?

Intrynsic's multi-model valuation estimates Maruti Suzuki India Limited's fair value at ₹13,440 per share (range ₹8,639–₹13,442), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.

Is Maruti Suzuki India Limited overvalued or undervalued?

Maruti Suzuki India Limited trades at ₹13,442 against Intrynsic's estimated fair value of ₹13,440 - the market price is 0% above the estimate, i.e. close to our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.

What is Maruti Suzuki India Limited's P/E ratio?

Maruti Suzuki India Limited trades at about 28.8 times its latest annual earnings per share.

What does Maruti Suzuki India Limited do?

Maruti Suzuki sells roughly four out of every ten new cars in India, focused on affordable hatchbacks and SUVs. Parent Suzuki of Japan supplies technology while India provides the volume.

How is Maruti Suzuki India Limited's fair value calculated?

Intrynsic runs 4 valuation models for Maruti Suzuki India Limited (DCF, EV/EBITDA, P/E Multiple, EV/EBIT) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.

Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy

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