Earnings Alerts

Maruti Suzuki India (MSIL) Earnings: May Sales Dip 2% as Exports Fall 34% Y/Y

  • Maruti Suzuki’s total sales in May 2024 were 174,551 units.
  • This is a 2% decrease compared to May 2023, when they sold 178,083 units.
  • Local sales increased by 3.7% year-over-year, reaching 157,184 units.
  • Exports saw a significant decline of 34%, dropping to 17,367 units.
  • Current analyst ratings: 32 buy recommendations, 10 hold recommendations, and 3 sell recommendations.
  • Comparisons are based on the company’s original disclosures.

Maruti Suzuki India on Smartkarma

On Smartkarma, independent analysts are closely following Maruti Suzuki India, providing valuable insights for investors. Brian Freitas highlights potential changes in free float for some stocks due to alterations in shareholding patterns. This could impact the company’s representation in both local and global indices, prompting action from passive trackers. Depending on recent disclosures, there may be 14 stocks experiencing passive inflows from global trackers and 7 facing outflows in the coming month.

Meanwhile, Tina Banerjee‘s analysis focuses on Maruti Suzuki India‘s strong position in the UV segment, driving a 15% YoY revenue growth in Q3FY24. The company’s emphasis on UVs, coupled with ambitious capex plans including a 2x increase in annual production capacity by 2030-31, sets Maruti apart from its peers. With a robust EBITDA margin expansion and strategic capacity expansion initiatives, Maruti Suzuki India is positioned for long-term success in the market.


A look at Maruti Suzuki India Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience4
Momentum2
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Maruti Suzuki India Limited, a leading automobile manufacturer, presents a mixed outlook according to the Smartkarma Smart Scores. With respectable scores in Dividend, Growth, Resilience, and Momentum, the company demonstrates strength in various key areas. A higher dividend score signifies good returns for investors, while strong growth, resilience, and momentum scores indicate a promising future for the company. However, a moderate score in Value suggests that the market may not fully appreciate the company’s worth at present.

Having collaborated with Suzuki of Japan to cater to the Indian market’s demand for affordable vehicles, Maruti Suzuki India has positioned itself as a significant player in the automotive industry. The company’s emphasis on growth, resilience, and momentum bodes well for its long-term prospects, despite an average valuation score. Investors may want to keep an eye on how Maruti Suzuki India navigates these factors to capitalize on its strengths and drive further success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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