{"id":7006,"date":"2015-03-17T17:03:23","date_gmt":"2015-03-17T11:33:23","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7006"},"modified":"2015-03-20T15:27:15","modified_gmt":"2015-03-20T09:57:15","slug":"research-report-maruti-suzuki-india-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/research-report-maruti-suzuki-india-ltd\/7006","title":{"rendered":"Maruti Suzuki India Ltd : Safe Drive"},"content":{"rendered":"<p>Maruti Suzuki India Limited is an India-based company engaged in the business of manufacture, purchase and sale of motor vehicles, auto mobile components and spare parts (auto mobiles). The other activities of the Company consist of facilitation of pre-owned car sales, fleet management and car financing.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and View<\/strong><\/p>\n<p>We continue to remain bullish on the long-term growth prospects of MSIL, given its leadership position coupled with a strong product pipeline in the next few years. We expect MSIL\u2019s revenue to grow at ~16% CAGR in FY14-16E on demand recovery and new launches, which is expected to boost volumes. Further, the rationalisation of diesel-petrol price gap would provide a fillip to the company\u2019s petrol-dominated product portfolio. A strong product brand with an extensive distribution network places the company ahead of its peers.<\/p>\n<p>At a current market price of Rs.3,650.6, the <a href=\"http:\/\/www.fundsindia.com\/content\/jsp\/bseequity\/equityMarket.do?pagename=HOME\" target=\"_blank\">stock<\/a> trades at P\/E of 25.0x FY16E. We recommend \u2018BUY\u2019 with a target price of Rs.4,229, which implies potential upside of ~15.8% to the CMP from a long term perspective.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/Research-Report-Maruti-Suzuki-India-Ltd.pdf\">Research Report Maruti Suzuki India Ltd<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maruti Suzuki India Limited is an India-based company engaged in the business of manufacture, purchase and sale of motor vehicles, auto mobile components and spare parts (auto mobiles). The other activities of the Company consist of facilitation of pre-owned car sales, fleet management and car financing. Open a FREE Account Now! Valuation and View We [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[200,277,276],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Research Report - Maruti Suzuki India Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Maruti Suzuki India Ltd. on FundsIndia Marketplace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/research-report-maruti-suzuki-india-ltd\/7006\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Research Report - Maruti Suzuki India Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Maruti Suzuki India Ltd. on FundsIndia Marketplace.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/equities\/research-report-maruti-suzuki-india-ltd\/7006\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-17T11:33:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-03-20T09:57:15+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/equities\/research-report-maruti-suzuki-india-ltd\/7006#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/equities\/research-report-maruti-suzuki-india-ltd\/7006\",\"name\":\"Research Report - 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