{"id":299989,"date":"2026-10-09T18:04:31","date_gmt":"2026-10-09T12:34:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299989"},"modified":"2026-10-09T18:04:31","modified_gmt":"2026-10-09T12:34:31","slug":"maruti-suzuki-india-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/","title":{"rendered":"Maruti Suzuki India Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Maruti Suzuki India share price Rs 11,420.00 (9 October 2026). Base target Rs 11,705, bull Rs 14,234, downside risk Rs 8,977. PE 24.61. 52W range Rs 11,225.00 to Rs 17,370.00.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Maruti Suzuki India share price target for 2027 is Rs 11,705, about 2.5% above the current price of Rs 11,420.00. The bull case is Rs 14,234, and the downside risk level, which is not a target, is Rs 8,977. The base case assumes earnings per share grow 4.3% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 24.61. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Maruti Suzuki India target price for 2027 should start with where the stock sits today. At Rs 11,420.00 on 9 October 2026, it is 34.3% below its 52-week high of Rs 17,370.00 and 1.7% above its 52-week low of Rs 11,225.00. That range spans 55% from low to high, so the entry point matters as much as the Maruti Suzuki India price forecast itself.<\/p>\n<p>This article builds the Maruti Suzuki India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 11,705 base case and the Rs 14,234 bull case were reached, along with a downside risk level of Rs 8,977.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=maruti-suzuki-india-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Maruti_Suzuki_India_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Maruti Suzuki India Stock Analysis: Company Overview and Key Stats\">Maruti Suzuki India Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Why_Is_Maruti_Suzuki_India_Share_Price_Target_Set_at_Rs_11705_for_2027\" title=\"Why Is Maruti Suzuki India Share Price Target Set at Rs 11,705 for 2027?\">Why Is Maruti Suzuki India Share Price Target Set at Rs 11,705 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Earnings_Growth_Behind_the_Maruti_Suzuki_India_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Maruti Suzuki India Target Price: Five Years of Results\">Earnings Growth Behind the Maruti Suzuki India Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Valuation_Check_for_the_Maruti_Suzuki_India_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Maruti Suzuki India Stock Target: PE, Price to Book and ROE\">Valuation Check for the Maruti Suzuki India Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Maruti_Suzuki_India_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Maruti Suzuki India Share Price Targets for the Short Term and 12 Months\">Maruti Suzuki India Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Short_Term_Maruti_Suzuki_India_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Maruti Suzuki India Stock Target Levels: Technical Setup\">Short Term Maruti Suzuki India Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#12_Month_Maruti_Suzuki_India_Target_Price_for_2027\" title=\"12 Month Maruti Suzuki India Target Price for 2027\">12 Month Maruti Suzuki India Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Maruti_Suzuki_India_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Maruti Suzuki India Target Price\">How EPS Growth and PE Multiple Change the Maruti Suzuki India Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Maruti_Suzuki_India_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Maruti Suzuki India Stock Target in 2027\">Bull Case and Downside Risk for Maruti Suzuki India Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Bull_Case_Rs_14234\" title=\"Bull Case Rs 14,234\">Bull Case Rs 14,234<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Downside_Risk_Level_Rs_8977\" title=\"Downside Risk Level Rs 8,977\">Downside Risk Level Rs 8,977<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Key_Risks_to_the_Maruti_Suzuki_India_Target_Price_for_2027\" title=\"Key Risks to the Maruti Suzuki India Target Price for 2027\">Key Risks to the Maruti Suzuki India Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Maruti_Suzuki_India_Price_Target\" title=\"Growth Slowdown Risk for the Maruti Suzuki India Price Target\">Growth Slowdown Risk for the Maruti Suzuki India Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#How_to_Invest_in_Maruti_Suzuki_India\" title=\"How to Invest in Maruti Suzuki India\">How to Invest in Maruti Suzuki India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#FAQs_on_Maruti_Suzuki_India_Share_Price_Target_2027\" title=\"FAQs on Maruti Suzuki India Share Price Target 2027\">FAQs on Maruti Suzuki India Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#What_is_the_Maruti_Suzuki_India_share_price_target_for_2027\" title=\"What is the Maruti Suzuki India share price target for 2027?\">What is the Maruti Suzuki India share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#What_is_the_Maruti_Suzuki_India_share_price_today\" title=\"What is the Maruti Suzuki India share price today?\">What is the Maruti Suzuki India share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Is_Maruti_Suzuki_India_a_buy_or_sell_at_the_current_price\" title=\"Is Maruti Suzuki India a buy or sell at the current price?\">Is Maruti Suzuki India a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Maruti_Suzuki_India_shares\" title=\"What are the bull case target and downside risk level for Maruti Suzuki India shares?\">What are the bull case target and downside risk level for Maruti Suzuki India shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#What_are_the_main_risks_to_the_Maruti_Suzuki_India_price_target\" title=\"What are the main risks to the Maruti Suzuki India price target?\">What are the main risks to the Maruti Suzuki India price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#What_is_the_PE_ratio_of_Maruti_Suzuki_India_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Maruti Suzuki India and how does it compare with the industry?\">What is the PE ratio of Maruti Suzuki India and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#Who_owns_Maruti_Suzuki_India_and_what_is_the_promoter_holding\" title=\"Who owns Maruti Suzuki India, and what is the promoter holding?\">Who owns Maruti Suzuki India, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-india-share-price-target-2027\/#What_were_Maruti_Suzuki_Indias_latest_quarterly_results\" title=\"What were Maruti Suzuki India&#8217;s latest quarterly results?\">What were Maruti Suzuki India&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Maruti_Suzuki_India_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Maruti Suzuki India Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Maruti Suzuki India (NSE: MARUTI) has a market capitalisation of Rs 3,52,829 crore. In FY26 it reported revenue of Rs 1,87,673 crore and net profit of Rs 14,680 crore. The table collects the figures the Maruti Suzuki India share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/maruti\/maruti-suzuki-india-ltd-share-price-today\">Maruti Suzuki India<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>MARUTI<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 11,420.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 17,370.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 11,225.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 3,52,829 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>24.61<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>23.63<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>3.29<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>13.70%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 455.91<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.25%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 11,705<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 14,234<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 8,977<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Maruti_Suzuki_India_Share_Price_Target_Set_at_Rs_11705_for_2027\"><\/span><strong>Why Is Maruti Suzuki India Share Price Target Set at Rs 11,705 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Maruti Suzuki India stock target of Rs 11,705 applies a PE multiple of 24.61 to a forward EPS estimate of Rs 475.62. That EPS assumes 4.3% yearly growth, the pace from FY24 to FY26, and puts the target 2.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Maruti_Suzuki_India_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Maruti Suzuki India Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Maruti Suzuki India grew revenue from Rs 90,074 crore in FY22 to Rs 1,87,673 crore in FY26, a compound annual growth rate of 20.1%. Net profit grew faster, from Rs 3,880 crore to Rs 14,680 crore (39.5% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>90,074.50<\/td>\n<td>3,879.50<\/td>\n<td>128.43<\/td>\n<td>60.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>1,19,712.00<\/td>\n<td>8,211.00<\/td>\n<td>271.82<\/td>\n<td>90.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>1,45,951.70<\/td>\n<td>13,488.20<\/td>\n<td>429.01<\/td>\n<td>125.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>1,57,935.20<\/td>\n<td>14,500.20<\/td>\n<td>461.20<\/td>\n<td>135.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>1,87,673.20<\/td>\n<td>14,679.50<\/td>\n<td>466.90<\/td>\n<td>140.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 18.8%, close to the four-year average of 20.1%, and net profit moved up 1.2%. EPS rose from Rs 429.01 in FY24 to Rs 466.90 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Maruti Suzuki India converted 7.8% of FY26 revenue into net profit, against 9.2% in FY25, within a five-year range of 4.3% to 9.2%. EBITDA margin was 13.9% in FY26 versus 16.1% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 54,344 crore, up 34.2% from the same quarter a year earlier, while net profit of Rs 3,447 crore was down 9.1%. EBITDA came in at Rs 6,187 crore, down 5.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.00, and shareholders&#8217; equity grew from Rs 55,334 crore in FY22 to Rs 1,07,156 crore in FY26. Operating cash flow in FY26 was Rs 19,100 crore against capital expenditure of Rs 10,398 crore, leaving free cash flow of Rs 8,702 crore, or 2.5% of the current market capitalisation. In FY25 free cash flow was Rs 5,559 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Maruti_Suzuki_India_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Maruti Suzuki India Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 24.61 against an industry PE of 23.63, Maruti Suzuki India trades in line with its industry. Price to book is 3.29 on a book value of Rs 3,408.25 per share, and return on equity is 13.70%. A PE of 24.61 equals an earnings yield of 4.1%, and the FY26 dividend of Rs 140.00 per share gives a yield of 1.25%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 58.65% of Maruti Suzuki India in June 2026, and promoter holding rose from 58.28% in June 2025 to 58.65% in June 2026. Foreign institutional investors (FII) held 12.82% and domestic institutions (DII) held 25.18%, which puts total institutional holding at 38.00%. FII holding fell from 15.20% in June 2025 to 12.82% in June 2026. Public shareholders own the remaining 3.35%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Maruti_Suzuki_India_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Maruti Suzuki India Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Maruti_Suzuki_India_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Maruti Suzuki India Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 11,420.00 on 9 October 2026, Maruti Suzuki India trades below its 50-day simple moving average of Rs 12,935.24 and below its 200-day exponential moving average of Rs 13,493.80. The 14-day RSI reads 34.0, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 12,935.24 (50-day simple moving average) and the nearest support is Rs 11,225.00 (52-week low). A sustained move above Rs 12,935.24 would improve the short-term setup, while a close below Rs 11,225.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Maruti_Suzuki_India_Target_Price_for_2027\"><\/span><strong>12 Month Maruti Suzuki India Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Maruti Suzuki India is Rs 11,705: forward EPS of Rs 475.62 at a PE of 24.61. That is 2.5% above Rs 11,420.00. It would still leave the stock 32.6% below its 52-week high of Rs 17,370.00. The upside in the base case is thin, so the thesis here leans on the bull case and on patience.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Maruti_Suzuki_India_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Maruti Suzuki India Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 19.69<\/th>\n<th>PE 24.61<\/th>\n<th>PE 28.30<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 455.91)<\/td>\n<td>Rs 8,977<\/td>\n<td>Rs 11,220<\/td>\n<td>Rs 12,902<\/td>\n<\/tr>\n<tr>\n<td>4.3% (EPS Rs 475.62)<\/td>\n<td>Rs 9,365<\/td>\n<td>Rs 11,705<\/td>\n<td>Rs 13,460<\/td>\n<\/tr>\n<tr>\n<td>10.3% (EPS Rs 502.97)<\/td>\n<td>Rs 9,903<\/td>\n<td>Rs 12,378<\/td>\n<td>Rs 14,234<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Maruti Suzuki India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Maruti_Suzuki_India_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Maruti Suzuki India Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_14234\"><\/span><strong>Bull Case Rs 14,234<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Maruti Suzuki India price target needs EPS growth of 10.3%, which lifts forward EPS to Rs 502.97, and a PE multiple that rises 15% to 28.30. That gives Rs 14,234, 24.6% above the current price and below the 52-week high of Rs 17,370.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_8977\"><\/span><strong>Downside Risk Level Rs 8,977<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 455.91 and the PE falls 20% to 19.69. That gives Rs 8,977, 21.4% below the current price and below the 52-week low of Rs 11,225.00.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>10.3%<\/td>\n<td>28.30<\/td>\n<td>Rs 14,234<\/td>\n<td>+24.6%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>4.3%<\/td>\n<td>24.61<\/td>\n<td>Rs 11,705<\/td>\n<td>+2.5%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>19.69<\/td>\n<td>Rs 8,977<\/td>\n<td>-21.4%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Maruti_Suzuki_India_Target_Price_for_2027\"><\/span><strong>Key Risks to the Maruti Suzuki India Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Maruti_Suzuki_India_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Maruti Suzuki India Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 34.2% year on year, and FY26 revenue growth was 18.8%. If growth slows from here, the EPS estimate behind the Maruti Suzuki India stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Maruti Suzuki India has a market capitalisation of Rs 3,52,829 crore. Institutional holding is 38.00%, and promoters hold 58.65%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 7.8% in FY26, so a small slip in costs moves profit noticeably. At a PE of 24.61 versus an industry PE of 23.63, a de-rating toward the downside-risk PE of 19.69 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 34.3% below its 52-week high, with an RSI of 34.0 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Maruti_Suzuki_India\"><\/span><strong>How to Invest in Maruti Suzuki India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Maruti Suzuki India share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 11,420.00 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Maruti Suzuki India&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Maruti Suzuki India fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Maruti Suzuki India target price scenarios with your own view. If you expect EPS growth below 4.3%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Maruti Suzuki India live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Maruti Suzuki India share price target for 2027 is Rs 11,705 in the base case, with Rs 14,234 as the bull case. The support for that view is arithmetic you can check: EPS grew 4.3% a year over FY24 to FY26, and the stock trades at a PE of 24.61. The risks are equally concrete, including a stock that sits 34.3% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Maruti_Suzuki_India_Share_Price_Target_2027\"><\/span><strong>FAQs on Maruti Suzuki India Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Maruti_Suzuki_India_share_price_target_for_2027\"><\/span><strong>What is the Maruti Suzuki India share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Maruti Suzuki India share price target for 2027 is Rs 11,705, with Rs 14,234 as the bull case. The downside risk level, which is not a target, is Rs 8,977. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Maruti_Suzuki_India_share_price_today\"><\/span><strong>What is the Maruti Suzuki India share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:30 PM IST, Maruti Suzuki India trades at Rs 11,420.00, up 1.71% on the day. The 52-week range is Rs 11,225.00 to Rs 17,370.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Maruti_Suzuki_India_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Maruti Suzuki India a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 4.3% a year over FY24 to FY26, but the stock is 34.3% below its 52-week high. Whether Maruti Suzuki India fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Maruti_Suzuki_India_shares\"><\/span><strong>What are the bull case target and downside risk level for Maruti Suzuki India shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 14,234, which assumes 10.3% EPS growth and a PE of 28.30. The downside risk level is Rs 8,977, which assumes flat EPS and a PE of 19.69. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Maruti_Suzuki_India_price_target\"><\/span><strong>What are the main risks to the Maruti Suzuki India price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 3,52,829 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Maruti_Suzuki_India_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Maruti Suzuki India and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Maruti Suzuki India is 24.61 against an industry PE of 23.63. Price to book is 3.29 and return on equity is 13.70%. The base case in the Maruti Suzuki India price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Maruti_Suzuki_India_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Maruti Suzuki India, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 58.65% of Maruti Suzuki India in June 2026. FII held 12.82%, DII held 25.18% and the public held 3.35%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Maruti_Suzuki_Indias_latest_quarterly_results\"><\/span><strong>What were Maruti Suzuki India&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Maruti Suzuki India reported revenue of Rs 54,344 crore (up 34.2% year on year) and net profit of Rs 3,447 crore (down 9.1%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Maruti Suzuki India share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Maruti Suzuki India share price target for 2027 is Rs 11,705, with Rs 14,234 as the bull case. The downside risk level, which is not a target, is Rs 8,977. 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FII held 12.82%, DII held 25.18% and the public held 3.35%.\"}},{\"@type\":\"Question\",\"name\":\"What were Maruti Suzuki India's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Maruti Suzuki India reported revenue of Rs 54,344 crore (up 34.2% year on year) and net profit of Rs 3,447 crore (down 9.1%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maruti Suzuki India share price target 2027: base Rs 11,705, bull Rs 14,234, downside risk level Rs 8,977, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":35,"featured_media":299988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299988"],"rank_math_title":["Maruti Suzuki India Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Maruti Suzuki India share price target for 2027 is Rs 11,705 versus Rs 11,420.00 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Maruti Suzuki India share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/maruti-suzuki-india-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299989"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299989\/revisions"}],"predecessor-version":[{"id":299990,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299989\/revisions\/299990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299988"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}