Case study

MARUTI

Maruti Suzuki India Limited

Worth a closer look1y model +8.5%

Each stock's 10,000-path forecast, rendered as light.

62Score

Maruti Suzuki India Limited (MARUTI) Stock Analysis & Case Study

Is MARUTI a good buy? The data-driven verdict.

Maruti Suzuki India Limited (MARUTI) trades at ₹14,037,on the numbers it worth a closer look, a Downstox Snapshot Score of 62/100.

On the numbers, Maruti Suzuki India Limited (MARUTI) worth a closer look, a Downstox Snapshot Score of 62/100, weighing premium at 30.8× earnings, ROE of 14.4%, a 64% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

MARUTI fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹4.41L Cr
Current price
₹14,037
P/E ratio
30.8×
P/B ratio
4.12×
Book value
₹3,408
Dividend yield
1.00%
ROCE
19.0%
ROE
14.4%
Piotroski F-Score
6/8

How MARUTI ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for MARUTI, as of 9 Aug 2026, so it is not ranked here.

Is MARUTI overvalued? MARUTI P/E vs its Auto

MARUTI's P/E of 30.8× sits above the Auto peer median of 28.7×, so on earnings it screens in line with peers, while its 1.00% dividend yield is below the peer median of 1.02%.

MARUTI P/E
30.8×
Peer median P/E
28.7×
MARUTI div yield
1.00%
Peer median yield
1.02%

MARUTI share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of MARUTI history (11%/yr drift, 23%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
MARUTI 2027₹11,263₹15,228₹20,589+8%
MARUTI 2028₹10,725₹16,520₹25,445+18%
MARUTI 2029₹10,622₹17,922₹30,237+28%
MARUTI 2030₹10,546₹19,442₹35,843+39%
MARUTI 2031₹10,599₹21,092₹41,971+50%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability MARUTI goes up, or doubles?

64%
Higher in 1 year
Modelled chance the price is above today in 12 months
78%
Higher in 5 years
Modelled chance the price is above today in 5 years
29%
Doubles in 5 years
Modelled chance of reaching ₹28,074 within 5 years

The bull case for MARUTI

  • MARUTI's return on equity of 14.4% ranks in the 69th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • MARUTI's return on capital employed of 19.0% ranks in the 78th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • A 10,000-path probability model puts a 64% chance the price is higher in a year, with a median target of ₹15,228 (+8%).
  • Relatively low volatility (23%/yr), a steadier ride than the typical mid/small-cap.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹30,237.

The bear case & risks

  • MARUTI's P/E of 30.8x is lower than 45% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹10,622.

MARUTI volatility & expected range, how bumpy is the ride?

Over the last 9.8 years MARUTI compounded at 11%/year with annualized volatility of 23%. That volatility implies a 1-year 80% range of ₹11,263-₹20,589, the honest backbone behind any single price target.

MARUTI price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
8.5%
80% range₹11,263-₹20,589
P(price ↑)64%
P(price 2×)0%
3-Year Forecast
2029
₹0
Median (P50)
27.7%
80% range₹10,622-₹30,237
P(price ↑)72%
P(price 2×)14%
5-Year Forecast
2031
₹0
Median (P50)
50.3%
80% range₹10,599-₹41,971
P(price ↑)78%
P(price 2×)29%

MARUTI price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
MARUTI simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds MARUTI hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the MARUTI price target & forecast page.

MARUTI Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. MARUTI scores 6/8, mixed financial health.

MARUTI MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy MARUTI with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox23.47%4.3×
Zerodha23.00%4.3×
Groww23.03%4.3×
Dhan22.00%4.5×
Kotak NeoCHEAPEST20.00%5.0×
Paytm Money20.23%4.9×
Pocketful27.18%3.7×
Fyers27.78%3.6×
Anand Rathi26.95%3.7×
Bajaj Broking23.00%4.3×
Share India27.04%3.7×

Compare every broker on the MARUTI MTF page.

MARUTI vs peers,Auto comparison

StockP/EDiv yieldMarket cap
MARUTI (this stock)30.8×1.00%₹4.41L Cr
EICHERMOT37.8×1.02%₹2.20L Cr
HEROMOTOCO20.7×3.23%₹1.15L Cr
M&M22.7×0.94%₹4.35L Cr
BAJAJ-AUTO27.2×1.29%₹3.20L Cr
TVSMOTOR61.0×0.27%₹2.11L Cr
ASHOKLEY28.7×1.97%₹1.04L Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About Maruti Suzuki India Limited: sector, index & market-cap context

Maruti Suzuki India Limited (MARUTI) is a large-cap NSE-listed company in the Auto sector, and a constituent of the Nifty 50 index, with a market capitalisation of ₹4.41L Cr. See more stocks on our screener.

How the MARUTI Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Maruti Suzuki India Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

MARUTI analysis, FAQs

Is Maruti Suzuki India Limited (MARUTI) a good buy?

On the numbers, Maruti Suzuki India Limited (MARUTI) worth a closer look, a Downstox Snapshot Score of 62/100, weighing premium at 30.8× earnings, ROE of 14.4%, a 64% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is MARUTI overvalued or undervalued?

MARUTI trades at 30.8× earnings versus a peer median of 28.7×, so it screens richer than its Auto peers.

What is the MARUTI share price target for 2031?

MARUTI's probability-weighted 2031 median target is ₹21,092, with an 80% range of ₹10,599-₹41,971 (10,000-path Monte-Carlo).

What is the probability MARUTI doubles in 5 years?

The modelled probability of MARUTI reaching ₹28,074 (2×) within 5 years is 29%.

What is the bull case for MARUTI?

MARUTI's return on equity of 14.4% ranks in the 69th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. MARUTI's return on capital employed of 19.0% ranks in the 78th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A 10,000-path probability model puts a 64% chance the price is higher in a year, with a median target of ₹15,228 (+8%).

What are the risks in MARUTI?

MARUTI's P/E of 30.8x is lower than 45% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on MARUTI