# Maruti share price today (Maruti Suzuki India Ltd, NSE: MARUTI)

> Maruti share price today: ₹11,869.00 at the NSE close on 3 November 2026, down 26.7% in a year. Maruti Suzuki India (NSE: MARUTI) is worth ₹3,73,165 crore, trades at a P/E of 27.7 and has closed between ₹11,230.00 and ₹16,960.00 over the past 52 weeks. > Maruti Suzuki India Ltd's P/E is near the low end of its own history, higher than only 18% of past readings, and its quarterly results are still getting worse. MARUTI · Auto - 4 Wheelers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/maruti-suzuki-india-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹11,869.00 (−26.7% in a year)
- P/E: 27.7× (lower than 82% of the last 11 years)
- Revenue (Sep 2026): ₹53,356 Cr (+26.0% on a year ago)
- Profit (Sep 2026): ₹2,466 Cr (−26.4% on a year ago)
- Operating margin: 9.0% (−3.0 points on a year ago)
- ROCE: 19%, FY26
- ROIC: 11.0%, against a 12.0% cost of capital: −1.0 points

The main question: yearly earnings per share moved +1.2% while the share price moved −26.7%. ## What is the Maruti share price today? Maruti Suzuki India Ltd's share price was ₹11,869.00 at the close on 3 November 2026. It has been falling for 9 weeks. That is 10.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹11,230 and ₹16,960, and at that close it sat 11% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running. Over the last 11 years the share price moved +226% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Maruti this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), foreign funds (FIIs) cut their stake for 4 quarters in a row and indian funds and insurers (DIIs) raised their stake for 4 quarters in a row. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹53,356 crore, +26% on a year earlier. Why: Revenue rose because car demand in India rebounded after GST made vehicles more affordable. Next results: check whether the large order book turns into actual deliveries. From the earnings call on 27 Oct 2026. 2. Foreign funds (FIIs) cut their stake for 4 quarters in a row From 15.8% to 12.4% of the company by the September 2026 quarter. 3. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 22.6% to 25.3% of the company by the September 2026 quarter. ## What are Maruti's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Maruti reported revenue of ₹53,356 crore, up 26.0% from ₹42,344 crore a year earlier, and a profit of ₹2,466 crore, down 26.4% from ₹3,349 crore. ### Maruti results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹53,356 crore | ₹42,344 crore | +26.0% |
| Profit | ₹2,466 crore | ₹3,349 crore | −26.4% |
| Earnings per share | ₹78.44 | ₹106.52 | −26.4% |
| Operating margin | 9.0% | 12.0% | −3.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Maruti's management discussed these results on a call held on 27 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Maruti share price history? Maruti closed at ₹11,869.00 on 3 November 2026, down 26.7% from ₹16,186.00 a year earlier (31 October 2025) and up 53.2% over five years. Its highest weekly close since March 2016 was ₹16,960.00 on 2 January 2026. ### Maruti share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹11,230.00 | +5.7% |
| 1 month ago · 1 Oct 2026 | ₹11,386.00 | +4.2% |
| 6 months ago · 30 Apr 2026 | ₹13,314.00 | −10.9% |
| 1 year ago · 31 Oct 2025 | ₹16,186.00 | −26.7% |
| 3 years ago · 3 Nov 2023 | ₹10,276.30 | +15.5% |
| 5 years ago · 4 Nov 2021 | ₹7,747.40 | +53.2% |
| 10 years ago · 4 Nov 2016 | ₹5,704.85 | +108.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹3,641.20 | +226.0% |
| Highest weekly close since March 2016, also the 52-week high · 2 Jan 2026 | ₹16,960.00 | −30.0% |
| Lowest weekly close since March 2016 · 8 Apr 2016 | ₹3,430.65 | +246.0% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹11,230.00 | +5.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Maruti? 3 Nov 2026: Maruti closed at ₹11,869.00, up 5.7% on the week and up 4.2% on the month. 27 Oct 2026: Maruti held its results call for July to September 2026. Management guided: H2 total volume growth 7% to 10% as domestic strength offset by flat exports. ### Earlier

- Results for July to September 2026: Revenue up 26.0% and profit down 26.4% on a year earlier. - 7 Aug 2026: ex-date for a dividend of ₹140 a share. ## What dividend does Maruti pay? Maruti paid ₹140 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.18% at the ₹11,869.00 close on 3 November 2026. The last was a dividend of ₹140 a share, ex-date 7 August 2026. ### Maruti dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Aug 2026 | ₹140 | Dividend |
| 1 Aug 2025 | ₹135 | Dividend |
| 2 Aug 2024 | ₹125 | Dividend |
| 3 Aug 2023 | ₹90 | Dividend |
| 3 Aug 2022 | ₹60 | Dividend |
| 5 Aug 2021 | ₹45 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Maruti Suzuki India Ltd paid out 30% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Maruti management say on the latest results call? On the call for July to September 2026, held on 27 October 2026, Maruti's management guided: H2 total volume growth 7% to 10% as domestic strength offset by flat exports. > “So, instead of taking a short-term, knee-jerk reaction, we could possibly wait for a quarter and see where commodities stabilize”
> Rahul Bharti, on the call for July to September 2026

### What management guided

- Calibrated pricing actions through H2 to lift realization alongside continued cost controls. - Full-year export volumes at least equal last year despite logistics and Mexico duty pressure. - E Vitara volumes to resume and increase within couple months after Europe changeover effects clear. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4470-27-Oct-2026.pdf). (From the call for July to September 2026, 27 October 2026.)

## What to watch in Maruti's next results? When Maruti reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: H2 domestic dispatches against flagged floor - check if run-rate and backlog convert to guided growth as momentum lasts. - What to check (from the call)
- H2 domestic dispatches against flagged floor - check if run-rate and backlog convert to guided growth as momentum lasts. - Input cost path against flagged similar-zone view - check steel, copper and forex versus Q2 bridge effects. - Export volumes against flagged floor - check shipping relief, Europe changeover clearance and Mexico duty drag. ## Which stock lists is Maruti on? Maruti is on 2 of our India lists: Nifty 50 companies and 52 week high & low. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is Maruti profitable? Maruti Suzuki India Ltd earned ₹2,466 Cr of net profit in the Sep 2026 quarter, −26.4% on the same quarter a year earlier. Full-year FY26 profit was ₹14,680 Cr. Over 10 years profit has grown 10.3% a year on average. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned ₹3,349 Cr. For the full year, FY26 profit was ₹14,680 Cr (+1.2% on the year before). Why profit moved: revenue changed +26.0% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −9.4% and revenue +29.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Maruti make, and is it growing? Maruti Suzuki India Ltd reported ₹53,356 Cr of revenue in the Sep 2026 quarter, +26.0% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 12.3% a year on average. The last full year, FY26, came in at ₹1,83,316 Cr. The last four reported quarters add to ₹2,08,192 Cr. FY26 revenue was ₹1,83,316 Cr, +19.9% on the year before. Recent pace: the last four quarters grew +29.7% on average, against 12.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +29.6%, against +19.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −9.0%, against −2.1% a year (rolling over). ## How much of every ₹100 of sales does Maruti keep? Maruti Suzuki India Ltd's operating margin was 9.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −3.1 percentage points on the year while gross margin changed −4.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Maruti's profit turning into cash? Over the last 3 years, 122% of Maruti Suzuki India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹19,100 Cr of operating cash against ₹14,680 Cr of profit. After ₹10,191 Cr of spending on assets, ₹8,909 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 122% of profit came in as cash: the cash cycle got 25 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building. ## Where does Maruti's cash go? Maruti Suzuki India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −19 days in FY26, up from −44 days in FY21. It spent ₹29,883 Cr on assets over the last 3 years. Customers take 11 days to pay, and stock sits for 31 days on average. At FY26 sales of ₹1,83,316 Cr, each day of that cycle ties up about ₹502 Cr, so roughly −₹9,542 Cr is tied up in the business at any time. FY26: customers took 11 days to pay and stock sat for 31 days, about 1.0 months of sales sitting as stock, for a full cycle of −19 days, longer than FY21's −44. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 31 days. Customers pay about 11 days after that. Suppliers are paid at 61 days. Together that makes the −19-day cycle. Spending on assets: ₹29,883 Cr over the last 3 years, against ₹17,606 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹9,838 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Maruti's P/E ratio, and how does it compare with its own history? Maruti Suzuki India Ltd's P/E is 27.7×, near the low end of its own history: it has been lower only 18% of the time. Its usual P/E (the middle reading) is 34.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +1.2% while the price moved −26.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +8.9% a year; about +25.2% a year came from earnings growth and about −16.3 percentage points from the multiple (the market paying less); over 10 years the price moved +7.6% a year; about +10.8% a year came from earnings growth and about −3.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Maruti business getting better or worse? Maruti Suzuki India Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −9.0% in the latest quarter, against +64.5% at its best in 12 quarters, with ROCE falling at 16.2%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Maruti earn on its capital? Maruti Suzuki India Ltd earned a ROCE of 19% in FY26. That is up from a low of 6% in FY22. Its return on capital used (ROIC) is 1.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 8.0% net margin and 1.23× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.0% net margin × 1.23× asset turnover × 1.39× leverage (assets divided by equity) ≈ 13.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 11.0% − 12.0% = −1.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 11.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 13.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Maruti have too much debt? Maruti Suzuki India Ltd has total debt of ₹83.0 Cr against shareholder equity of ₹1,09,002 Cr as of Sep 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.01 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Maruti shareholding pattern? Foreign institutions cut their stake in Maruti Suzuki India Ltd by 5.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 12.4% of the company. Domestic institutions moved +4.6 points over the same period, to 25.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −5.3 points over 8 quarters, to 12.4%; Domestic institutions: +4.6 points over 8 quarters, to 25.3%; Promoters: +0.5 points over 8 quarters, to 58.7%. Why the owners changed: foreign institutions moved −5.3 points and domestic institutions +4.6 points over 8 quarters, while promoters moved +0.5 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Maruti from balance-sheet trouble? For Maruti Suzuki India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Maruti rank in its industry? 50.3 out of 100, rank 2 of 4 in Auto - 4 Wheelers, with 82% of the evidence available. Maruti Suzuki India Ltd scores 50.3 out of 100 against the 4 companies it is compared with in Auto - 4 Wheelers, ranking 2. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 12.6 + 16.4 + 13.8 + 7.5 = 50.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Maruti compared with? Maruti ranks 2 of 4 Auto - 4 Wheelers companies on the 4-Factor Sector Score, with 50.3 out of 100. 1. [Mahindra & Mahindra Ltd](https://www.sectoralpha.in/stocks/mahindra-mahindra-ltd) M&M · quiet · Most evidence points up · 93% evidence 68.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.1/35 · Revenue 26.2% · Profit 35.8% · Operating margin change 1 points · 88% evidence Capital efficiency 14.8/25 · ROCE 15.1% · Operating margin 19% · 100% evidence Valuation 17.3/20 · P/E 18.4× · PEG 0.6 · 85% evidence Relative strength 8.4/20 · Lead over its industry 0.9% · Lead over NIFTY 500 -9.2% · 1 year -18.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 28.1 + 14.8 + 17.3 + 8.4 = 68.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Maruti Suzuki India Ltd this page MARUTI · basing · Evidence leans up · 82% evidence 50.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 29.6% · Profit -9% · Operating margin change -3 points · 100% evidence Capital efficiency 16.4/25 · ROCE 18.9% · Operating margin 9% · 100% evidence Valuation 13.8/20 · P/E 26.6× · PEG 1.61 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -13.9% · 1 year -29.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.6 + 16.4 + 13.8 + 7.5 = 50.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. [Hyundai Motor India Ltd](https://www.sectoralpha.in/stocks/hyundai-motor-india-ltd) HYUNDAI · quiet · Evidence leans down · 75% evidence 41.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.8/35 · Revenue 8% · Profit -20% · Operating margin change -4 points · 100% evidence Capital efficiency 20.3/25 · ROCE 38.4% · Operating margin 10% · 100% evidence Valuation 7.7/20 · P/E 33.9× · PEG 2.24 · 50% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -3.7% · 1 year -21.6% · 25% evidence · 8 of 12 weeks ahead Exact sum: 5.8 + 20.3 + 7.7 + 8.1 = 41.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Tata Motors Passenger Vehicles Ltd](https://www.sectoralpha.in/stocks/tata-motors-passenger-vehicles-ltd) TMPV · quiet · Most evidence points down · 68% evidence 31.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue -5.6% · Profit 100% · Operating margin change -3 points · 83% evidence Capital efficiency 6.5/25 · ROCE 2.7% · Operating margin 6% · 76% evidence Valuation 10.0/20 · P/E 98.1× · PEG n/a · 0% evidence Relative strength 2.2/20 · Lead over its industry -9.3% · Lead over NIFTY 500 -18.3% · 1 year -35.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.6 + 6.5 + 10 + 2.2 = 31.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto - 4 Wheelers](https://www.sectoralpha.in/sectors/auto-4-wheelers), all 4 compared on one page. ## Which companies are close to Maruti in size? Maruti is the largest of 4 Auto - 4 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Mahindra & Mahindra, Hyundai Motor India and Tata Motors Passenger Vehicles. ### Auto - 4 Wheelers companies close in size

1. Maruti Suzuki India Ltd ₹3,58,325 crore
2. [Mahindra & Mahindra Ltd](https://www.sectoralpha.in/stocks/mahindra-mahindra-ltd) ₹3,53,199 crore
3. [Hyundai Motor India Ltd](https://www.sectoralpha.in/stocks/hyundai-motor-india-ltd) ₹1,55,277 crore
4. [Tata Motors Passenger Vehicles Ltd](https://www.sectoralpha.in/stocks/tata-motors-passenger-vehicles-ltd) ₹97,747 crore

[All 4 Auto - 4 Wheelers companies, largest first](https://www.sectoralpha.in/sectors/auto-4-wheelers#all-companies)

### Companies close in size in other industries

1. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) ₹3,78,983 crore · Banks - Private
2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ₹3,64,481 crore · Power - Generation/Distribution
3. Maruti Suzuki India Ltd ₹3,58,325 crore
4. [Mahindra & Mahindra Ltd](https://www.sectoralpha.in/stocks/mahindra-mahindra-ltd) ₹3,53,199 crore · Auto - 4 Wheelers
5. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ₹3,49,104 crore · Trading

## What else do people ask about Maruti? ### What is Maruti's share price today? Maruti Suzuki India Ltd's share price is ₹11,869.00, −26.7% over the past year. The whole company is worth ₹3,73,165 Cr on the market. In the last 52 weeks it traded between ₹11,230 to ₹16,960; today it is 11% of the way up from the low, 10.1% below its 200-day average (as of 3 November 2026). ### What were Maruti's latest quarterly results? Maruti Suzuki India Ltd reported revenue of ₹53,356 Cr and net profit of ₹2,466 Cr for the Sep 2026 quarter. Revenue rose 26.0% and profit fell 26.4% compared with a year earlier. Earnings per share were ₹78.44. The operating margin was 9.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Maruti's market cap? Maruti Suzuki India Ltd's market capitalisation is ₹3,73,165 Cr at a share price of ₹11,869.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Maruti performing? Maruti Suzuki India Ltd's share price has been falling for 9 weeks. In its latest quarter, revenue rose 26.0% and profit fell 26.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Maruti's share price go up? This page does not forecast Maruti Suzuki India Ltd's share price. What it shows instead: the share price is ₹11,869.00, and it has been falling for 9 weeks. Its P/E of 27.7× is higher than 18% of its own last 11 years (as of 3 November 2026). ### Who owns Maruti? Promoters own 58.7% of Maruti Suzuki India Ltd, foreign institutions 12.4%, domestic institutions 25.3% and the public 3.5% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 5.3 percentage points over 8 quarters (as of 3 November 2026). ### Does Maruti have too much debt? No, Maruti Suzuki India Ltd has little debt: its debt is 0.00× its equity, and its operating profit is 90 times its interest bill. FY26 borrowings were ₹102 Cr against equity of ₹1,07,156 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Maruti in its business cycle? Maruti Suzuki India Ltd's FY26 operating margin was 12.0%, against a 13-year range of 7.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Maruti story? The main question: yearly earnings per share moved +1.2% while the share price moved −26.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Maruti a stock worth studying right now? What the numbers show: Maruti Suzuki India Ltd's P/E is near the low end of its own history, higher than only 18% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Maruti share price forecast for 2026? What management itself guided: H2 total volume growth 7% to 10% as domestic strength offset by flat exports. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

This is research, not advice. We’re not SEBI-registered.