Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 209815.75 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 24465.10 Crore, up 26.45 % from last quarter Total Income of Rs 19347.90 Crore and up 13.76 % from last year same quarter Total Income of Rs 21505.90 Crore. Company reported net profit after tax of Rs 1937.00 Crore in latest quarter.
Investment Rationale
The stock trades at 25.7x/20.8x FY22E/FY23E consolidated EPS. The brokerage values the stock at 27x Mar’23E consolidated EPS (at a 10% discount to its five-year average P/E v/s 25x earlier) to factor in strong demand and stable market share.
Promoter/FII Holdings
Promoters held 56.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.1 per cent, DIIs 15.7 and public and others 4.9 per cent.
