Historical Financial Statements

Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

Income - Statement - MARUTI SUZUKI INDIA LTD

Sales 44,541.80 50,801.40 57,589.00 68,085.00 79,809.40

Sales Growth 14.05% 13.36% 18.23% 17.22%

COGS 32,761.60 36,632.90 39,827.90 47,643.70 56,121.60

COGS % Of Sales 73.55% 72.11% 69.16% 69.98% 70.32%

Gross Profit 11,780.20 14,168.50 17,761.10 20,441.30 23,687.80

Gross Margin 26.45% 27.89% 30.84% 30.02% 29.68%

Salary Expenses 1,423.70 1,671.00 2,000.30 2,360.30 2,863.40

% Of Sales 3.20% 3.29% 3.47% 3.47% 3.59%

Selling General And Admin 3,705.80 4,318.00 5,367.30 6,111.30 6,755.30

% Of Sales 8.32% 8.50% 9.32% 8.98% 8.46%

Other Expenses 1,340.80 1,287.10 1,369.40 1,548.40 1,951.20

% Of Sales 3.01% 2.53% 2.38% 2.27% 2.44%

Other Income 724.40 816.70 1,464.10 2,399.20 2,154.60

% Of Sales 1.63% 1.61% 2.54% 3.52% 2.70%

EBITDA 6,034.30 7,709.10 10,488.20 12,820.50 14,272.50

EBITDA Margin 13.55% 15.17% 18.21% 18.83% 17.88%

Depreciation and Amortization 2,116.00 2,515.30 2,821.80 2,603.90 2,759.80

D&A % Sales 4.75% 4.95% 4.90% 3.82% 3.46%

EBIT (Operating Income) 3,918.30 5,193.80 7,666.40 10,216.60 11,512.70

Operating Profit Margin 8.80% 10.22% 13.31% 15.01% 14.43%

Interest Expenses 184.50 217.80 81.70 89.40 345.80

% Of Sales 0.41% 0.43% 0.14% 0.13% 0.43%

EBT 3,733.80 4,976.00 7,584.70 10,127.20 11,166.90

Pre Tax Margin 8.38% 9.80% 13.17% 14.87% 13.99%

Tax Expenses 902.20 1,185.40 2,087.50 2,616.20 3,286.20

% Of Sales 2.03% 2.33% 3.62% 3.84% 4.12%

Net Income / PAT 2,831.60 3,790.60 5,497.20 7,511.00 7,880.70

Net Profit Margin 6.36% 7.46% 9.55% 11.03% 9.87%
No Of Shares 30.21 30.21 30.21 30.21 30.21

EPS 93.74 125.48 181.98 248.64 260.88

Dividend 362.40 755.00 1,057.00 2,265.00 2,416.00

DPS 12.00 24.99 34.99 74.98 79.98

Dividend Payout Ratio 12.80% 19.92% 19.23% 30.16% 30.66%

Retention Ratio 87.20% 80.08% 80.77% 69.84% 69.34%

Balance Sheet - MARUTI SUZUKI INDIA LTD

Particulars Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

Equity Share Capital 151.00 151.00 151.00 151.00 151.00

Reserves 21,345.40 24,167.40 30,465.00 36,924.10 42,408.40
Borrowings 2,004.10 666.20 230.90 483.60 120.80
Other Liabilities 7,975.00 9,492.30 11,878.60 14,401.80 17,568.20
Total Liabilities 31,475.50 34,476.90 42,725.50 51,960.50 60,248.40

Net Block 11,033.70 12,489.50 12,529.60 13,310.70 13,388.80

Capital Work in Progress 2,639.50 1,890.10 1,006.90 1,252.30 2,132.10
Investments 10,527.10 13,297.70 20,675.80 29,150.60 36,123.10
Other Assets 3,374.30 2,866.80 4,006.50 3,757.10 3,904.80
Total Fixed Assets 27,574.60 30,544.10 38,218.80 47,470.70 55,548.80

Receivables 1,489.10 1,144.30 1,323.40 1,202.60 1,465.40

Inventory 1,763.20 2,745.30 3,132.60 3,263.70 3,160.20
Cash & Bank 648.60 43.20 50.70 23.50 74.00
Total Current Assets 3,900.90 3,932.80 4,506.70 4,489.80 4,699.60

Total Assets 31,475.50 34,476.90 42,725.50 51,960.50 60,248.40

CHECK - - - - -
al Statements
Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

86,068.50 75,660.00 70,372.00 88,329.80 117,571.30

7.84% -12.09% -6.99% 25.52% 33.10%

60,897.20 54,240.90 51,984.00 67,527.40 88,161.50

70.75% 71.69% 73.87% 76.45% 74.99%

25,171.30 21,419.10 18,388.00 20,802.40 29,409.80

29.25% 28.31% 26.13% 23.55% 25.01%

3,285.00 3,416.20 3,431.60 4,051.40 4,634.60

3.82% 4.52% 4.88% 4.59% 3.94%

8,390.30 8,456.30 7,924.00 9,119.10 11,695.00

9.75% 11.18% 11.26% 10.32% 9.95%

2,439.70 2,191.60 1,621.80 1,879.90 2,051.00

2.83% 2.90% 2.30% 2.13% 1.74%

2,664.20 3,410.40 3,046.30 1,860.80 2,306.60

3.10% 4.51% 4.33% 2.11% 1.96%

13,720.50 10,765.40 8,456.90 7,612.80 13,335.80

15.94% 14.23% 12.02% 8.62% 11.34%

3,020.80 3,528.40 3,034.10 2,789.00 2,825.70

3.51% 4.66% 4.31% 3.16% 2.40%

10,699.70 7,237.00 5,422.80 4,823.80 10,510.10

12.43% 9.57% 7.71% 5.46% 8.94%

75.90 134.20 101.80 126.60 187.00

0.09% 0.18% 0.14% 0.14% 0.16%

10,623.80 7,102.80 5,321.00 4,697.20 10,323.10

12.34% 9.39% 7.56% 5.32% 8.78%

2,973.20 1,425.20 931.90 817.70 2,112.10

3.45% 1.88% 1.32% 0.93% 1.80%

7,650.60 5,677.60 4,389.10 3,879.50 8,211.00

8.89% 7.50% 6.24% 4.39% 6.98%
 30.21 30.21 30.21 30.21 30.21

253.26 187.95 145.30 128.43 271.82

2,416.00 1,812.00 1,359.00 1,812.00 2,718.00

79.98 59.98 44.99 59.98 89.98

31.58% 31.91% 30.96% 46.71% 33.10%

68.42% 68.09% 69.04% 53.29% 66.90%

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

151.00 151.00 151.00 151.00 151.00

46,941.10 49,262.00 52,349.60 55,182.50 61,640.30
159.60 184.10 540.90 425.50 1,247.30
16,717.00 14,030.60 18,334.60 18,896.50 21,558.30
63,968.70 63,627.70 71,376.10 74,655.50 84,596.90

15,437.30 15,744.40 14,988.70 13,747.20 17,830.40

1,606.90 1,415.20 1,496.80 2,936.50 2,904.10
37,503.60 37,488.00 42,944.80 42,034.70 49,184.30
3,597.70 3,759.50 4,569.80 7,328.10 7,051.60
58,145.50 58,407.10 64,000.10 66,046.50 76,970.40

2,312.80 1,977.70 1,279.90 2,034.50 3,301.40

3,322.60 3,213.90 3,049.00 3,532.30 4,283.50
187.80 29.00 3,047.10 3,042.20 41.60
5,823.20 5,220.60 7,376.00 8,609.00 7,626.50

63,968.70 63,627.70 71,376.10 74,655.50 84,596.90

- - - - -
COMPANY NAME MARUTI SUZUKI INDIA LTD
LATEST VERSION 2.10 PLEAS
CURRENT VERSION 2.10

META
Number of shares 30.21
Face Value 5.00
Current Price 10,515.65
Market Capitalization 317,656.76

PROFIT & LOSS

Report Date Mar-14 Mar-15 Mar-16 Mar-17
Sales 44,541.80 50,801.40 57,589.00 68,085.00
Raw Material Cost 31,832.60 36,075.60 38,701.20 47,121.50
Change in Inventory -20.40 460.90 -4.80 379.30
Power and Fuel 595.70 713.80 694.10 518.60
Other Mfr. Exp 312.90 304.40 427.80 382.90
Employee Cost 1,423.70 1,671.00 2,000.30 2,360.30
Selling and admin 3,705.80 4,318.00 5,367.30 6,111.30
Other Expenses 1,340.80 1,287.10 1,369.40 1,548.40
Other Income 724.40 816.70 1,464.10 2,399.20
Depreciation 2,116.00 2,515.30 2,821.80 2,603.90
Interest 184.50 217.80 81.70 89.40
Profit before tax 3,733.80 4,976.00 7,584.70 10,127.20
Tax 902.20 1,185.40 2,087.50 2,616.20
Net profit 2,852.90 3,807.40 5,497.20 7,509.90
Dividend Amount 362.40 755.00 1,057.00 2,265.00

Quarters
Report Date Jun-21 Sep-21 Dec-21 Mar-22
Sales 17,776.40 20,550.90 23,253.30 26,749.20
Expenses 16,957.50 19,694.20 21,691.10 24,320.20
Other Income 543.80 532.50 355.40 514.30
Depreciation 743.80 756.80 640.60 647.80
Interest 22.40 22.70 25.30 56.20
Profit before tax 596.50 609.70 1,251.70 2,239.30
Tax 121.50 122.80 209.90 363.50
Net profit 475.00 486.90 1,041.80 1,875.80
Operating Profit 818.90 856.70 1,562.20 2,429.00
BALANCE SHEET
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Equity Share Capital 151.00 151.00 151.00 151.00
Reserves 21,345.40 24,167.40 30,465.00 36,924.10
Borrowings 2,004.10 666.20 230.90 483.60
Other Liabilities 7,975.00 9,492.30 11,878.60 14,401.80
Total 31,475.50 34,476.90 42,725.50 51,960.50
Net Block 11,033.70 12,489.50 12,529.60 13,310.70
Capital Work in Progress 2,639.50 1,890.10 1,006.90 1,252.30
Investments 10,527.10 13,297.70 20,675.80 29,150.60
Other Assets 7,275.20 6,799.60 8,513.20 8,246.90
Total 31,475.50 34,476.90 42,725.50 51,960.50
Receivables 1,489.10 1,144.30 1,323.40 1,202.60
Inventory 1,763.20 2,745.30 3,132.60 3,263.70
Cash & Bank 648.60 43.20 50.70 23.50
No. of Equity Shares ### ### ### ###
New Bonus Shares
Face value 5.00 5.00 5.00 5.00

CASH FLOW:
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity 4,994.60 6,449.20 8,482.50 10,282.00
Cash from Investing Activity -4,996.90 -4,491.10 -7,230.40 -9,173.20
Cash from Financing Activity -73.90 -2,003.50 -1,236.60 -1,129.30
Net Cash Flow -76.20 -45.40 15.50 -20.50

PRICE: 1,971.75 3,697.35 3,716.30 6,015.70

DERIVED:
Adjusted Equity Shares in Cr 30.21 30.21 30.21 30.21
 PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

79,809.40 86,068.50 75,660.00 70,372.00 88,329.80 117,571.30
54,945.30 59,346.60 53,402.00 50,550.50 66,137.10 86,654.70
-40.80 -211.60 238.70 -273.60 93.10 403.90
673.40 863.30 699.50 476.60 630.90 790.00
462.10 475.70 378.10 683.30 852.50 1,120.70
2,863.40 3,285.00 3,416.20 3,431.60 4,051.40 4,634.60
6,755.30 8,390.30 8,456.30 7,924.00 9,119.10 11,695.00
1,951.20 2,439.70 2,191.60 1,621.80 1,879.90 2,051.00
2,154.60 2,664.20 3,410.40 3,046.30 1,860.80 2,306.60
2,759.80 3,020.80 3,528.40 3,034.10 2,789.00 2,825.70
345.80 75.90 134.20 101.80 126.60 187.00
11,166.90 10,623.80 7,102.80 5,321.00 4,697.20 10,323.10
3,286.20 2,973.20 1,425.20 931.90 817.70 2,112.10
7,880.00 7,649.10 5,676.00 4,389.10 3,879.50 8,211.00
2,416.00 2,416.00 1,812.00 1,359.00 1,812.00 2,718.00

Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23

26,511.70 29,942.50 29,057.50 32,059.60 32,338.50 37,072.80
24,596.80 27,171.60 26,220.50 28,708.00 29,353.40 32,282.50
111.80 661.70 896.90 791.00 1,040.60 887.30
652.00 723.30 710.70 739.70 747.80 794.40
27.50 30.70 29.60 99.20 46.50 35.10
1,347.20 2,678.60 2,993.60 3,303.70 3,231.40 4,848.10
311.00 566.10 602.10 632.90 706.20 1,083.80
1,036.20 2,112.50 2,391.50 2,670.80 2,525.20 3,764.30
1,914.90 2,770.90 2,837.00 3,351.60 2,985.10 4,790.30
Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
151.00 151.00 151.00 151.00 151.00 151.00
42,408.40 46,941.10 49,262.00 52,349.60 55,182.50 61,640.30
120.80 159.60 184.10 540.90 425.50 1,247.30
17,568.20 16,717.00 14,030.60 18,334.60 18,896.50 21,558.30
60,248.40 63,968.70 63,627.70 71,376.10 74,655.50 84,596.90
13,388.80 15,437.30 15,744.40 14,988.70 13,747.20 17,830.40
2,132.10 1,606.90 1,415.20 1,496.80 2,936.50 2,904.10
36,123.10 37,503.60 37,488.00 42,944.80 42,034.70 49,184.30
8,604.40 9,420.90 8,980.10 11,945.80 15,937.10 14,678.10
60,248.40 63,968.70 63,627.70 71,376.10 74,655.50 84,596.90
1,465.40 2,312.80 1,977.70 1,279.90 2,034.50 3,301.40
3,160.20 3,322.60 3,213.90 3,049.00 3,532.30 4,283.50
74.00 187.80 29.00 3,047.10 3,042.20 41.60
### ### ### ### ### ###

5.00 5.00 5.00 5.00 5.00 5.00

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

11,787.90 6,600.90 3,495.80 8,856.20 1,840.50 9,251.40
-8,301.70 -3,539.90 -556.60 -7,291.30 -239.20 -8,036.10
-3,436.10 -2,947.90 -3,104.30 -1,544.90 -1,607.00 -1,213.10
50.10 113.10 -165.10 20.00 -5.70 2.20

8,861.10 6,672.55 4,288.30 6,859.20 7,561.30 8,292.15

30.21 30.21 30.21 30.21 30.21 30.21