−34% from the high · +0.72% from the low
Short build-up into a 26-day expiry: futures OI +2.0% on a −4.9% day, the most call OI sits at 12,500, the most put OI at 11,500, max pain 12,000.
MARUTI futures closed at ₹11,415.00, +0.3% to spot, with 93% of open interest in the 27 Oct contract, and the 11,400 straddle prices a move of about ±5.3% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹11,415.00 | +29.00+0.3% | +3.6% | 52,000▲ +1.6% · +800 lots | 93 | 13,000 |
| 23 Nov53 days | ₹11,479.00 | +93.00+0.8% | +5.6% | 3,600▲ +5.0% · +170 lots | 6.4 | 770 |
| 29 Dec89 days | ₹11,556.00 | +170.00+1.5% | +6.1% | 150▲ +386.7% · +120 lots | 0.26 | 150 |
6.7% of futures OI sits beyond the 27 Oct contract · 68 of 105 listed contracts traded · 1.7 L option contracts changed hands
The 11,400 straddle closed at ₹601.25 (call 309.35 + put 291.90), pricing a move of about ±5.3% by the 27 Oct expiry. In the last 253 windows of 19 sessions, MARUTI moved more than that 93 times.
After the last 8 bulletins, MARUTI closed higher five sessions later in 0 of 7.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 26 SeptMaruti Suzuki plans production capacity expansion to 4 million units | ▼ −0.5%Nifty −1.6% · +1.1 pp | ▼ −1.6%Nifty −1.8% · +0.3 pp | —not reached | ▼ −3.2%long unwinding |
| 23 SeptMaruti Suzuki increases capex amid rising car demand | ▼ −2.0%Nifty −1.6% · −0.3 pp | ▼ −1.4%Nifty −1.3% · 0.0 pp | ▼ −6.9%Nifty −4.4% · −2.5 pp | ▲ +1.9%short build-up |
| 23 SeptMaruti Suzuki accelerates capex as PV sales surge 36% | ▲ +0.3%Nifty +0.5% · −0.2 pp | ▼ −1.6%Nifty −1.1% · −0.5 pp | ▼ −1.8%Nifty −3.0% · +1.2 pp | ▲ +1.5%long build-up |
| 22 SeptMaruti Suzuki boosts capex as PV sales rise 36% | ▲ +0.3%Nifty +0.5% · −0.2 pp | ▼ −1.6%Nifty −1.1% · −0.5 pp | ▼ −1.8%Nifty −3.0% · +1.2 pp | ▲ +1.5%long build-up |
| 12 JulMaruti Suzuki announces 2800% dividend despite profit decline | ▼ −1.1%Nifty 0.0% · −1.2 pp | ▼ −2.6%Nifty −0.6% · −2.0 pp | ▼ −2.5%Nifty +0.1% · −2.6 pp | ▼ −2.0%long unwinding |
| 12 JulMaruti Suzuki announces 2800% dividend despite profit drop | ▼ −1.1%Nifty 0.0% · −1.2 pp | ▼ −2.6%Nifty −0.6% · −2.0 pp | ▼ −2.5%Nifty +0.1% · −2.6 pp | ▼ −2.0%long unwinding |
| 9 JulMaruti Suzuki downgraded to hold amid mixed signals | ▼ −1.6%Nifty +0.3% · −1.9 pp | ▼ −0.7%Nifty +1.4% · −2.1 pp | ▼ −1.2%Nifty +0.8% · −2.0 pp | ▼ −0.3%long unwinding |
| 2 JulDomestic car sales rise 24% in June driven by demand | ▲ +0.1%Nifty +0.4% · −0.3 pp | ▲ +0.8%Nifty +1.1% · −0.3 pp | ▼ −3.4%Nifty +0.1% · −3.6 pp | ▲ +0.3%long build-up |
Revenue ₹52,470 cr, +36% on a year earlier; profit ₹3,447 cr, −9.1% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 31 Jul | ₹52,470 cr | ▲ +36% | ₹3,447 cr | ▼ −9.1% | 109.63 | ▼ −0.6%Nifty +1.6% · −2.2 pp |
| Mar 2026filed 28 Apr · audited | ₹52,463 cr | ▲ +28% | ₹3,659 cr | ▼ −6.4% | 116.38 | ▲ +2.8%Nifty +0.8% · +2.1 pp |
| Dec 2025filed 28 Jan | ₹49,904 cr | ▲ +29% | ₹3,879 cr | ▲ +4.1% | 123.38 | ▼ −2.5%Nifty +0.3% · −2.8 pp |
| Sept 2025filed 31 Oct | ₹42,344 cr | ▲ +13% | ₹3,349 cr | ▲ +8.0% | 106.52 | ▼ −3.3%Nifty +0.2% · −3.5 pp |
| Jun 2025filed 31 Jul | ₹38,605 cr | ▲ +7.9% | ₹3,792 cr | ▲ +0.87% | 120.62 | ▼ −2.4%Nifty −0.8% · −1.6 pp |
| Mar 2025filed 28 Apr | ₹40,920 cr | ▲ +6.4% | ₹3,911 cr | ▼ −1.0% | 124.40 | ▲ +1.3%Nifty +1.2% · +0.1 pp |
| Dec 2024filed 29 Jan | ₹38,764 cr | ▲ +16% | ₹3,727 cr | ▲ +16% | 118.54 | ▲ +0.2%Nifty +0.4% · −0.2 pp |
| Sept 2024filed 29 Oct | ₹37,449 cr | ▲ +1.0% | ₹3,103 cr | ▼ −18% | 98.68 | ▲ +1.9%Nifty −0.5% · +2.4 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹1,83,316 cr | ▲ +20% | ₹14,680 cr | ▲ +1.2% | 466.90 |
| FY25to Mar 2025 | ₹1,52,913 cr | ▲ +8.2% | ₹14,500 cr | ▲ +7.8% | 461.20 |
| FY24to Mar 2024 | ₹1,41,395 cr | — | ₹13,449 cr | — | 561.62 |
MARUTI trades at 25 times trailing earnings against 8.6 for its industry, 3.3 times book value, revenue +27% over twelve months, a 2.5% dividend yield, market cap ₹3,60,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| MARUTIMaruti Suzuki India Limited | 3,60,000 cron 1 Oct | 25consolidated | 3.3 | ₹11,386.00 |
| M&MMahindra & Mahindra Limited | 3,60,000 cron 1 Oct | 17consolidated | 3.3 | ₹2,860.00 |
| HYUNDAIHyundai Motor India Limited | 1,60,000 cron 1 Oct | 33consolidated | 8.2 | ₹2,024.00 |
| TMPVTata Motors Passenger Vehicles Limited | 1,00,000 cron 1 Oct | — | 0.87 | ₹279.40 |
| FORCEMOTFORCE MOTORS LTD | 22,000 cron 1 Oct | 18consolidated | 5.2 | ₹16,800.00 |
| OLECTRAOlectra Greentech Limited | 9,000 cron 1 Oct | — | 7.3 | ₹1,096.20 |
| MERCURYEVMercury Ev-Tech Limited | 700 cron 1 Oct | — | — | ₹37.05 |
Promoters hold 58.6%, foreign portfolio investors 12.8%, mutual funds 15.3% and insurance companies 7.6%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 58.65▲ +0.12 pp | 58.53▲ +0.25 pp | 58.280.00 pp | 58.280.00 pp | 58.28 |
| Foreign portfolio investors | 12.82▼ −1.30 pp | 14.12▼ −1.64 pp | 15.76▼ −0.02 pp | 15.78▲ +0.58 pp | 15.20 |
| Mutual funds | 15.33▲ +0.38 pp | 14.95▲ +0.51 pp | 14.44▼ −0.16 pp | 14.60▼ −0.62 pp | 15.22 |
| Insurance companies | 7.58▲ +0.52 pp | 7.06▲ +0.35 pp | 6.71▲ +0.13 pp | 6.58▼ −0.37 pp | 6.95 |
| Banks and financial institutions | 2.26▲ +0.10 pp | 2.16▲ +0.39 pp | 1.77▲ +0.32 pp | 1.45▲ +0.29 pp | 1.16 |
| Individual investors | 2.85▲ +0.01 pp | 2.84▲ +0.17 pp | 2.670.00 pp | 2.67▼ −0.03 pp | 2.70 |
| Bodies corporate | 0.24▲ +0.02 pp | 0.22▼ −0.03 pp | 0.25▲ +0.03 pp | 0.22▼ −0.02 pp | 0.24 |
| Others | 0.27▲ +0.15 pp | 0.120.00 pp | 0.12▼ −0.30 pp | 0.42▲ +0.17 pp | 0.25 |
Nothing upcoming on record; the last was a dividend of ₹140.00 a share, ex-date 7 Aug 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 7 Aug 2026 | dividend | ₹140.00 | 7 Aug 2026 | BSE |
| 1 Aug 2025 | dividend | ₹135.00 | 1 Aug 2025 | BSE |
| 2 Aug 2024 | dividend | ₹125.00 | — | BSE |
MARUTI is −11.4% over 20 sessions against Nifty's −6.2%, 34% below its 52-week high, realised volatility 22% annualised.
| Window | From ₹ | MARUTI % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹16,286.65 | ▼ −30% | ▼ −9.1% | −21 |
| 120 sessionssince 9 Apr | ₹13,588.73 | ▼ −16% | ▼ −5.7% | −11 |
| 60 sessionssince 8 Jul | ₹13,951.72 | ▼ −18% | ▼ −6.1% | −12 |
| 20 sessionssince 2 Sept | ₹12,849.57 | ▼ −11% | ▼ −6.2% | −5.1 |
| 5 sessionssince 24 Sept | ₹11,990.31 | ▼ −5.0% | ▼ −2.8% | −2.3 |
| 1 sessionsince 30 Sept | ₹11,967.63 | ▼ −4.9% | ▼ −0.88% | −4.0 |
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