Company: Maruti Suzuki India Ltd. Category: IPO Notes


MSIL’s top-line grew by 1% yoy to Rs. 21,459cr on the back of price hikes (up 2% yoy). Overall volume growth declined by 0.7% yoy, mainly due to weak domestic market conditions and sluggish export markets during the quarter.
April 26, 2019, 11:12 a.m.
Publisher: angelbroking.com

Marut Suzuki India Ltd (MSIL)’s Q4 FY19 numbers came in line with our tepid expectatons as volumes reflected a negatve growth of 0.7% yoy, while showing a sequental improvement of 7%.
April 26, 2019, 10:51 a.m.
Author : LKP Research | Publisher: indianotes.com

During Q4FY19, MSIL sales grew by 1.4% YoY to Rs214.6bn (below our estimates Rs235 bn). Its EBITDA margins declined by 370bps to 10.5% (below our estimates of 12.5%).
April 25, 2019, 11:30 a.m.

Our channel checks suggest that demand in 2HCY18 was impacted by a confluence of factors like higher fuel prices, higher interest rates, insurance cost increase and the lack of major new product launches.
Feb. 4, 2019, 11:35 a.m.
Publisher: motilaloswal.com


The current slowdown in demand has led to higher discounting and restricted the company’s ability to fully pass on the adverse commodity impact through the required price hike.
Jan. 28, 2019, 11:35 a.m.
Publisher: plindia.com

Maruti Suzuki India’s (MSIL’s) 3QFY19 earnings were 14% below our estimate because of weak margins on account of higher discounts, higher advertisement spending during the quarter and also higher input costs.
Jan. 28, 2019, 11:29 a.m.
Publisher: nirmalbang.com

Competitive intensity (as indicated by the Herfindahl-Hirschman Index (HHI)) has been declining for passenger vehicles (PV’s) in India. This is due to the fact that most global OEM’s continue to struggle in India due to lack of focus and research and development on the small car segment.
Jan. 9, 2019, 11:58 a.m.
Author : Way2wealth | Publisher: indianotes.com

We estimate revenue/EBIT/PAT CAGR (FY18-21) of ~12%/14%/16% for MSIL.
Nov. 13, 2018, 11:06 a.m.
Publisher: motilaloswal.com

The company was incorporated in 1981. This company is the largest passenger car manufacturing company in India. It accounts for approx 50% share in domestic passenger vehicle market in India.
Nov. 1, 2018, 11:41 a.m.
Author : Jainam Research | Publisher: indianotes.com

For 2QFY2019, Maruti Suzuki India (MSIL) posted slightly better numbers, in-line with expectation on EBITDA margin front (after adjusting for one time engineering service fee received from Suzuki of `2bn) as well as on the bottom-line front.
Oct. 29, 2018, 11:46 a.m.

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