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Maruti Suzuki India stock: growth
MARUTI.NSMaruti Suzuki India reported $19.48B in revenue for fiscal 2026, up 19.9% on the prior year, up 21.1% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
14.2%
per year from 2007 to 2026, per share 13.7%
Earnings (Annual rate)
12.4%
per year from 2007 to 2026, per share 12%
Free cash flow (Annual rate)
14.7%
per year from 2007 to 2026, per share 14.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2007 | |
|---|---|---|---|
| Revenue | 21.1% | 12.3% | 14.2% |
| Revenue per share | 20.1% | 11.8% | 13.7% |
| Earnings | 27.3% | 10.3% | 12.4% |
| Earnings per share | 26.3% | 9.9% | 12.0% |
| Free cash flow | 7.1% | 4.4% | 14.7% |
| Free cash flow per share | 6.3% | 4.0% | 14.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2007 | $1.57B | $168.82M | $71.35M |
| 2008 | $1.91B | $183.96M | $13.87M |
| 2009 | $2.2B | $130.46M | −$47.52M |
| 2010 | $3.11B | $278.98M | $173.43M |
| 2011 | $3.89B | $245.22M | $86.72M |
| 2012 | $3.74B | $173.63M | $18.22M |
| 2013 | $4.65B | $262.45M | $51.7M |
| 2014 | $4.66B | $303.23M | $154.09M |
| 2015 | $5.3B | $404.68M | $346.49M |
| 2016 | $6.12B | $584.17M | $633.53M |
| 2017 | $7.24B | $798.22M | $732.41M |
| 2018 | $8.48B | $837.55M | $837.16M |
| 2019 | $9.15B | $813.01M | $183.72M |
| 2020 | $8.04B | $603.29M | $6.25M |
| 2021 | $7.48B | $466.51M | $689.38M |
| 2022 | $9.39B | $412.35M | −$172.06M |
| 2023 | $12.59B | $878.34M | $308.67M |
| 2024 | $15.08B | $1.43B | $807.92M |
| 2025 | $16.25B | $1.54B | $584.12M |
| 2026 | $19.48B | $1.56B | $972.25M |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 21 Aug 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.