Maruti Suzuki India (MSIL) Earnings Report: March Total Sales Surge by 10% Year-Over-Year

Maruti Suzuki India on Smartkarma

Tina Banerjee, a top independent analyst on Smartkarma, recently published a bullish research report on Maruti Suzuki India (MSIL IN). In the report titled “Market Leadership Position in UV Segment Bodes Well”, Banerjee highlights the company’s strong performance in the UV segment, with a 60% year-on-year growth in domestic volume to 154K. According to Banerjee, this, along with Maruti’s planned increase in production capacity, gives the company a competitive edge over its peers.

In Q3FY24, Maruti Suzuki India reported a 15% year-on-year revenue growth, driven by its strong performance in the UV segment. The company’s revenue stood at INR 335Bn, with an impressive EBITDA margin of 12.3%, up 210bps from the previous year. Banerjee also notes that Maruti’s planned capex of 2x increase in annual production capacity by 2030-31 will further benefit the company in the medium to long term. With a bullish sentiment from a top analyst, investors may want to keep a close eye on Maruti Suzuki India‘s stock performance.

A look at Maruti Suzuki India Smart Scores

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 in India, has a bright long-term outlook according to Smartkarma’s Smart Scores. With a score of 2 for Value, the company is considered to be fairly priced in the market. This means that investors can expect a reasonable return on their investment in the company. Additionally, Maruti Suzuki India has scored a 4 for Dividend, indicating its strong track record of paying out dividends to its shareholders.

Moreover, the company has also received high scores of 4 for Growth and Resilience, and a perfect score of 5 for Momentum. This indicates that Maruti Suzuki India has a strong potential for growth and is able to withstand market fluctuations. With its collaboration with Suzuki of Japan, the company has been able to produce affordable cars for the average Indian, making it a popular choice among consumers. Overall, Maruti Suzuki India has a promising future ahead, making it a strong contender in the automobile industry.

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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