Company: Maruti Suzuki India Ltd

"We have to give to customers what he wants and as volume grows in this segment, the cost will come down anyway"
Sept. 21, 2017, 3:12 p.m.

When this complicated tax things are changed on such a large scale, some inadvertent glitches do arise and all they have done is to correct that glitch.
Sept. 15, 2017, 4:49 p.m.

Long waiting periods for key products, a structured launch programme, superior franchise and solid financials (10% FCF to sales, RoE of ~23% in FY19E) are likely to enable MSIL sustain premium valuations. We thus maintain Buy on the stock.
Sept. 12, 2017, 3:32 p.m.
Author : Edelweiss | Publisher:

The Maruti veteran is at pains to point out that the auto industry is a generator of wealth & employment and that the govt is simply looking to steer it in a new direction.
Sept. 12, 2017, 3:15 p.m.

Maruti Suzuki: Result Update - Ventura
Aug. 24, 2017, 11:31 a.m.

Maruti Suzuki: Result Update - Nirmal Bang
Aug. 24, 2017, 11:29 a.m.
Author : Nirmal Bang | Publisher:

Maruti Suzuki: Detailed Report - LKP
Aug. 23, 2017, 5:05 p.m.

Maruti Suzuki: Annual Report Update - Motilal Oswal
Aug. 23, 2017, 4:44 p.m.

Maruti Suzuki (MSIL) reported a good set of numbers for 3QFY2017 with yoy 12.3% revenue growth and yoy 47.5% growth in its PAT. EBITDA came at `2,489cr, a yoy growth of 16.0%. EBITDA margins were at 14.8% v/s. 14.3% in 3QFY2016 and 17.0% in 2QFY2017. On sequential basis, revenue witnessed a 5.5% decline due to demonetization.
Aug. 23, 2017, 4:29 p.m.

Maruti Suzuki’s (MSIL) Q4FY17 EBITDA at ~INR25.6bn (up 10% YoY) surpassed our estimate 5% due to gross margin beat on lower-than-expected Gujarat plant start-up costs. Key conference call highlights: 1) FY18 volume growth target at 10-12%, capacity constraint likely in case of stronger demand; 2) growth broad based across urban and rural markets which are getting more homogenous; 3) discounts to be lower in FY18 and Q4FY17 reflects commodity cost pressures; and 4) Ignis waiting period of ~2-3 months.
Aug. 22, 2017, 1:45 p.m.
Author : Edelweiss | Publisher: