With a market share of more than 50%, Maruti Suzuki India Ltd. is one of India’s top automakers. Maruti Suzuki has made a name for itself in the Indian auto sector as a dependable and trustworthy brand over the years. As a result, those wishing to invest in the automotive industry frequently choose the company’s shares. The share price objective for Maruti Suzuki for the years 2024 to 2030 will be covered in this article, along with whether it is a wise investment. To assist investors in making a wise choice, we will examine the company’s financial performance during the previous five years, including revenue growth, PAT growth, and profit growth.
Maruti Suzuki in recent news
Maruti Suzuki, India’s leading car manufacturer, aims to significantly boost its export numbers. The company plans to export over 300,000 units in FY25 and targets up to 800,000 units by 2030. With a strategic focus on expanding its model range and distribution networks across 100 countries, Maruti Suzuki aims to capitalize on its record-breaking export performance from the previous fiscal year. This growth strategy aligns with India’s broader vision to enhance its global trade presence, supported by initiatives to introduce electric vehicles (EVs) into advanced markets like Japan and Europe.
Maruti Suzuki Q3 FY24 Financial Highlights
- Revenue: ₹33,512.8 Cr (down 10.25% QoQ, up 14.57% YoY).
- Profit: ₹3,206.8 Cr (down 15.3% QoQ, up 33.28% YoY).
- Operating Income: ₹3,138.5 Cr (down 21.06% QoQ, up 45.05% YoY).
- EPS: ₹102 (down 15.3% QoQ, up 33.28% YoY).
- Market Performance: 3.31% return in the last week, 5.52% in 6 months, -1.12% YTD.
Key Points:
- Revenue and profit declined QoQ but grew significantly YoY.
- Operating efficiency improved notably YoY despite some cost increases.
Below are the trading platforms that you can use to purchase Maruti Suzuki shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 12,879.90 | 11,199.91 |
| May 2024 | 12,689.56 | 11,034.40 |
| June 2024 | 13,146.38 | 11,431.64 |
| July 2024 | 13,014.92 | 11,317.32 |
| August 2024 | 13,535.51 | 11,770.01 |
| September 2024 | 14,076.93 | 12,240.81 |
| October 2024 | 13,800.92 | 12,000.80 |
| November 2024 | 14,352.95 | 12,480.83 |
| December 2024 | 14,496.48 | 12,605.64 |
In April 2024, Maruti Suzuki is projected to see its maximum price reach $12,879.90 and its minimum price at $11,199.91. Moving into May, Maruti Suzuki’s maximum is expected to be $12,689.56, with a minimum forecasted at $11,034.40. June may see Maruti Suzuki’s maximum price rise to $13,146.38, accompanied by a minimum of $11,431.64. The upward trend continues throughout the year, with Maruti Suzuki expected to reach its highest maximum price of $14,496.48 and its lowest minimum price of $12,605.64 by December.
| When | Maximum Price | Minimum Price |
| January 2025 | 15,946.13 | 12,266.25 |
| February 2025 | 16,107.20 | 12,390.16 |
| March 2025 | 16,445.45 | 12,650.35 |
| April 2025 | 16,282.63 | 12,525.10 |
| May 2025 | 15,808.38 | 12,160.29 |
| June 2025 | 16,519.75 | 12,707.50 |
| July 2025 | 16,195.84 | 12,458.34 |
| August 2025 | 16,696.74 | 12,843.64 |
| September 2025 | 16,897.10 | 12,997.77 |
| October 2025 | 17,336.42 | 13,335.71 |
| November 2025 | 17,769.83 | 13,669.10 |
| December 2025 | 18,569.48 | 14,284.21 |
As we step into January 2025, Maruti Suzuki’s maximum price is anticipated to rise to $15,946.13, while the minimum price may also increase to $12,266.25. Progressing into February, Maruti Suzuki’s maximum is expected to continue its upward trend, reaching $16,107.20, with a minimum of $12,390.16. March may see Maruti Suzuki’s maximum price climb even further to $16,445.45, accompanied by a minimum of $12,650.35. Throughout the year, Maruti Suzuki is expected to experience fluctuations, reaching its highest maximum price of $18,569.48 and its lowest minimum price of $14,284.21 by December.
| When | Maximum Price | Minimum Price |
| January 2026 | 19,126.56 | 14,712.74 |
| February 2026 | 19,616.99 | 15,089.99 |
| March 2026 | 20,382.05 | 15,678.50 |
| April 2026 | 19,982.40 | 15,371.08 |
| May 2026 | 19,400.39 | 14,923.38 |
| June 2026 | 20,273.41 | 15,594.93 |
| July 2026 | 19,875.89 | 15,289.14 |
| August 2026 | 20,490.61 | 15,762.00 |
| September 2026 | 21,207.78 | 16,313.68 |
| October 2026 | 21,759.18 | 16,737.83 |
| November 2026 | 22,303.16 | 17,156.28 |
| December 2026 | 22,860.74 | 17,585.18 |
| When | Maximum Price | Minimum Price |
| January 2027 | 23,317.95 | 17,936.89 |
| February 2027 | 23,915.85 | 18,396.81 |
| March 2027 | 24,848.57 | 19,114.28 |
| April 2027 | 24,361.34 | 18,739.49 |
| May 2027 | 23,651.79 | 18,193.68 |
| June 2027 | 24,716.12 | 19,012.40 |
| July 2027 | 24,231.49 | 18,639.61 |
| August 2027 | 24,980.92 | 19,216.09 |
| September 2027 | 25,855.25 | 19,888.65 |
| October 2027 | 26,527.48 | 20,405.76 |
| November 2027 | 27,190.67 | 20,915.90 |
| December 2027 | 27,870.44 | 21,438.80 |
| When | Maximum Price | Minimum Price |
| January 2028 | 28,427.85 | 21,867.57 |
| February 2028 | 29,156.77 | 22,428.28 |
| March 2028 | 30,293.88 | 23,302.98 |
| April 2028 | 29,699.88 | 22,846.06 |
| May 2028 | 28,834.84 | 22,180.64 |
| June 2028 | 30,132.40 | 23,178.77 |
| July 2028 | 29,541.57 | 22,724.29 |
| August 2028 | 30,455.23 | 23,427.10 |
| September 2028 | 31,521.16 | 24,247.05 |
| October 2028 | 32,340.71 | 24,877.47 |
| November 2028 | 33,149.23 | 25,499.41 |
| December 2028 | 33,977.96 | 26,136.89 |
| When | Maximum Price | Minimum Price |
| January 2029 | 34,657.52 | 26,659.63 |
| February 2029 | 35,546.17 | 27,343.21 |
| March 2029 | 36,932.48 | 28,409.60 |
| April 2029 | 36,208.31 | 27,852.55 |
| May 2029 | 35,153.70 | 27,041.31 |
| June 2029 | 36,735.62 | 28,258.17 |
| July 2029 | 36,015.31 | 27,704.08 |
| August 2029 | 37,129.18 | 28,560.91 |
| September 2029 | 38,428.71 | 29,560.54 |
| October 2029 | 39,427.85 | 30,329.12 |
| November 2029 | 40,413.55 | 31,087.35 |
| December 2029 | 41,423.89 | 31,864.53 |
| When | Maximum Price | Minimum Price |
| January 2030 | 42,252.37 | 32,501.82 |
| February 2030 | 43,335.76 | 33,335.20 |
| March 2030 | 45,025.85 | 34,635.27 |
| April 2030 | 44,142.99 | 33,956.15 |
| May 2030 | 42,857.28 | 32,967.13 |
| June 2030 | 44,785.85 | 34,450.66 |
| July 2030 | 43,907.70 | 33,775.15 |
| August 2030 | 45,265.67 | 34,819.75 |
| September 2030 | 46,849.97 | 36,038.44 |
| October 2030 | 48,068.07 | 36,975.44 |
| November 2030 | 49,269.77 | 37,899.82 |
| December 2030 | 50,501.51 | 38,847.32 |
As we step into January 2030, Maruti Suzuki’s maximum price is projected to reach $42,252.37, while the minimum price may also see an uptick to $32,501.82. Progressing into February, Maruti Suzuki’s maximum is expected to continue its upward trend, reaching $43,335.76, with a minimum of $33,335.20. March may see Maruti Suzuki’s maximum price climb even further to $45,025.85, accompanied by a minimum of $34,635.27. The upward trend continues throughout the year, with Maruti Suzuki expected to experience fluctuations, reaching its highest maximum price of $50,501.51 and its lowest minimum price of $38,847.32 by December.
Financial Condition of Maruti Suzuki: Last 5 years
| Mar 2019 |
Mar 2020 |
Mar 2021 |
Mar 2022 |
Mar 2023 |
TTM | |
|---|---|---|---|---|---|---|
| Sales (in Crore INR) |
86,068 | 75,660 | 70,372 | 88,330 | 117,571 | 123,398 |
| Expenses (in Crore INR) |
75,012 | 68,305 | 64,961 | 82,578 | 106,554 | 111,454 |
| Operating Profit (in Crore INR) |
11,056 | 7,355 | 5,411 | 5,752 | 11,018 | 11,945 |
| OPM % | 13% | 10% | 8% | 7% | 9% | 10% |
| Other Income (in Crore INR) |
2,664 | 3,410 | 3,046 | 1,861 | 2,318 | 3,390 |
| Interest (in Crore INR) |
76 | 134 | 102 | 127 | 187 | 206 |
| Depreciation (in Crore INR) |
3,021 | 3,528 | 3,034 | 2,789 | 2,826 | 2,922 |
| Profit before tax (in Crore INR) |
10,624 | 7,103 | 5,321 | 4,697 | 10,323 | 12,207 |
| Tax % | 28% | 20% | 18% | 17% | 20% | 20% |
| Net Profit (in Crore INR) |
7,651 | 5,678 | 4,389 | 3,880 | 8,211 | 9,700 |
| EPS in Rs | 253.21 | 187.90 | 145.30 | 128.43 | 271.82 | 321.10 |
| Dividend Payout % | 32% | 32% | 31% | 47% | 33% | 33% |
Maruti Suzuki has shown fluctuations in its revenue over the last five years. However, it has consistently managed to maintain positive operating profit margins (OPM %). The company’s net profit has also shown an upward trend, reaching INR 9,700 crore in the trailing twelve months (TTM) as of March 2023.
The earnings per share (EPS) has demonstrated substantial growth, reaching INR 321.10 in the same timeframe. The dividend payout percentage has varied, with a significant increase in 2022, indicating the company’s commitment to rewarding its shareholders.
FAQS
As of April 9th, 2024, Maruti Suzuki’s share price is ₹12,865 INR.
Maruti Suzuki is expected to reach ₹18,569.48 by the end of 2025.
Maruti Suzuki is projected to trade in a range between 32,501.82 to 50,501.51 in 2030.
Maruti Suzuki’s share price has been volatile in the last few years, with fluctuations driven by various factors such as economic conditions, market trends, and company performance.
What is the company’s revenue growth trend?
The revenue growth trend for Maruti Suzuki over the last 5 years shows an increase from 86,068 Crore INR in 2019 to 117,571 Crore INR in 2023, representing significant growth in their sales.
What is the company’s profit growth trend?
The profit growth trend for Maruti Suzuki over the last 5 years shows an increase from 7,651 Crore INR in 2019 to 9,700 Crore INR in the trailing twelve months (TTM) of 2023, indicating consistent growth in their earnings.
Factors that could impact Maruti Suzuki’s share price in the coming years include sales of Maruti cars, economic conditions, market trends, competition from other auto companies, changes in regulations, and the company’s performance.
Maruti is unlikely to attain the ₹50,000 price mark by 2025. Nevertheless, there is a possibility that Maruti Suzuki could reach this target price between 2030 and 2035.
What is the company’s dividend payout trend?
Maruti Suzuki has maintained a relatively stable dividend payout trend, with the company’s dividend payout ranging between 30-47% in the last five years.
What is the company’s operating profit margin trend?
The company’s operating profit margin trend for the last 5 years shows a fluctuation, with the margin ranging from 6% in 2012 to 15% in 2018, but then declining to 10% in the trailing twelve months (TTM) of 2023.
What is the company’s EPS trend?
The company’s EPS (Earnings Per Share) trend has shown substantial growth over the last 5 years, increasing from Rs 58.19 in 2012 to Rs 321.10 in the trailing twelve months (TTM) of 2023.
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Conclusion
Maruti Suzuki India Ltd. stands as a beacon of strength and growth in the automotive industry, making it an appealing investment option. With a dominant market share and a reputation for reliability, it continues to attract investors seeking stability and potential returns. Despite price fluctuations, the company’s consistent revenue and profit growth, coupled with its commitment to shareholder dividends, underscore its financial robustness and outlook for sustained success. As Maruti Suzuki’s share prices are anticipated to climb steadily, investors can remain optimistic about its future performance and potential for delivering value over time.
What did we learn?
- 1 Maruti Suzuki in recent news
- 2 Maruti Suzuki Q3 FY24 Financial Highlights
- 3 How to purchase Maruti Suzuki shares?
- 4 Maruti Suzuki Share Price Prediction: 2024 to 2030
- 5 Financial Condition of Maruti Suzuki: Last 5 years
- 6 FAQS
- 6.1 What is Maruti Suzuki’s current share price?
- 6.2 What is Maruti Suzuki’s share price Prediction for 2025?
- 6.3 What is Maruti Suzuki’s share price Prediction for 2030?
- 6.4 What has been the trend in Maruti Suzuki’s share price in the last few years?
- 6.5 What is the company’s revenue growth trend?
- 6.6 What is the company’s profit growth trend?
- 6.7 What are the factors that could potentially impact Maruti Suzuki’s share price in the coming years?
- 6.8 Can Maruti Suzuki’s share price reach 50,000 INR by 2025?
- 6.9 What is the company’s dividend payout trend?
- 6.10 What is the company’s operating profit margin trend?
- 6.11 What is the company’s EPS trend?
- 7 Conclusion
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