Close 2026-08-21 1267 scanned A

MARUTI

Maruti Suzuki India Limited
Automobile and Auto ComponentsLarge capRs 426,484 crRs 457.9 cr traded a dayManufacturingMultinationalsAutomobiles
Close on 2026-08-21
13,565.00
−1.77%
52-week range25% of the way up
12,306.0017,292.00
Market cap
426,484 cr
P/E (TTM)
29.8×
industry 38×
EPS (TTM)
455.92
Revenue YoY
+35.9%
Q1 FY27
Profit YoY
-9.1%
Net margin
6.6%
-3.3pt vs a year ago
Growth trend
+7.7pt
vs last quarter’s YoY
1 month
+1.2%
Below 52w high
27.5%
RSI (14)
23
oversold
Daily swing
1.4%
average true range
Volume
0.6×
vs 20-day average
Traded
Rs 458 cr
median day
Close200-day averageMaterial filing
12,00014,00016,000Aug 25Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26
260 sessions · hover for the filing behind a move
1 week
−1.94%
1 month
+1.21%
3 months
+2.70%
6 months
−10.83%
1 year
−8.60%

The read

written from the numbers on this page
The evidence is mixed3 supporting, 4 against, 2 worth knowing

Supporting

  • revenue grew 36% year on year in the quarter ending 2026-06-30
  • priced at 30× earnings against an industry median of 38× — 22% below its peers
  • futures show a long buildup — the move is being funded by new positions

Against

  • trading 5% below its 200-day average
  • down 9% over twelve months
  • 1 of the scans it matches has historically underperformed the market
  • net margin has narrowed from 7.9% to 6.6% across four quarters

Worth knowing

  • RSI at 23 is washed out — historically the better half of this site's measured edge comes from exactly this condition
  • the 5 scans it matches come from only 2 families — one signal wearing several hats rather than several signals
MARUTI sits in Manufacturing, Multinationals, Automobiles — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 14,346, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

read from the filings, with the figure behind every line
Working2

Revenue +35.9% year on year, Rs 38,605 cr to Rs 52,470 cr.

+35.9%Rs 38,605 crRs 52,470 cr

Operating cash flow was Rs 19,100 cr against Rs 14,334 cr of profit over four quarters, 133% of it.

Rs 19,100 crRs 14,334 cr133%
Needs watching3

Profit grew slower than revenue, -9.1% against +35.9%.

-9.1%+35.9%

Net margin moved from 9.8% to 6.6%.

9.8%6.6%

Net profit -9.1% year on year, Rs 3,792 cr to Rs 3,447 cr.

-9.1%Rs 3,792 crRs 3,447 cr
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.

How it has performed

price return over each window, measured against zero
-1.9%1W+1.2%1M+2.7%3M-10.8%6M-8.6%1Y

What the scans say today

5 of 47 matched on 2026-08-21
MARUTI matches 5 of the 47 scans today, across 2 different kinds of evidence. Note how few kinds of evidence that is: several scans in one family are one signal wearing several hats, not several signals.

Quality of the business

balance sheet as at 2026-03-31
Return on equity
13.4%
trailing profit over shareholders’ funds
Return on capital
17.0%
pre-tax profit over equity plus borrowings
Debt to equity
0.00×
0 cr borrowed against 107,156 cr of equity
Net debt
67 cr
cash exceeds borrowings
Cash conversion
133%
operating cash flow as a share of profit
Receivable days
10
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 2024-09-06
25×
median 28×
35×
now 30×
MARUTI trades at 30× trailing earnings, close to its median of 28× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
37.4k38.8k40.9k38.6k42.3k49.9k52.5k52.5k8.3%9.8%6.6%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 36% against the same quarter a year earlier
  • revenue rose in 4 of the last 4 quarters

Going against it

  • profit dropped 9% year on year
  • net margin narrowed from 7.0% to 6.6%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
2026-06-30 · consolidated
52,4704,3443,447109.636.6%
Q4 FY26
2026-03-31 · consolidated
52,4624,8213,659116.387.0%
Q3 FY26
2025-12-31 · consolidated
49,9044,8323,879123.387.8%
Q2 FY26
2025-09-30 · consolidated
42,3444,2723,349106.527.9%
Q1 FY26
2025-06-30 · consolidated
38,6054,9083,792120.629.8%
Q4 FY25
2025-03-31 · consolidated
40,9204,8463,911124.409.6%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-1.9%
Versus 200-day average-5.4%
Below 52-week high-21.6%
Above 52-week low+10.2%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)23.0
Higher closes in last 51 of 5
Six-month return−10.83%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.36%
Volume versus 20-day0.6x
Median daily turnoverRs 457.9 cr

Derivatives

near expiry 2026-08-25 · 2026-08-20
Long Buildup
Price up, open interest up. New buyers are arriving rather than old sellers leaving — the move is being funded, not squeezed.
Futures basis versus spot-0.11%
Open interest change+4.3%
Put / call ratio0.37
Put wall (support)13,000
Call wall (resistance)14,000
Max pain13,900
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.

Peers

Automobile and Auto Components · 47 classified companies
MARUTI trades at 29.8× trailing earnings against an industry median of 38.1× across 44 other classified companies in its industry — cheaper than them, by 22%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
MARUTI426,48429.8+1.21%−8.60%457.9
M&M381,45018.8+5.65%+5.49%733.4
BAJAJ-AUTO327,01528.3+3.69%+29.56%282.5
EICHERMOT219,87438.1+3.74%+26.16%300.8
TVSMOTOR208,56961.7+12.00%+30.28%400.6
HYUNDAI180,28736.4+13.53%−9.69%139.3
MOTHERSON178,77039.2+16.36%+75.58%260.9
BOSCHLTD142,19040.9+14.11%+16.66%158.1
TMPV117,14613.3−1.97%−53.93%248.7
HEROMOTOCO114,75720.9+10.85%+7.96%329.2
BHARATFORG98,639137.8−5.16%+81.83%181.1
UNOMINDA73,04759.8+11.96%−3.36%91.7
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
2026-08-211Bearish engulfing
2026-08-201Lost the 200-day line
2026-08-191Tightest range in 4 days