Maruti Suzuki IndiaBOM:532500 +3.69%89 Operating Margin % is 8.55% as of Mar. 2026, which is 4% below its 10-year median of 8.91. GuruFocus rates BOM:532500 with a GF Score™ of 89/100 and a GF Value™ of ₹16,047.56 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,325 Vehicles & Parts companies, Maruti Suzuki India ranks better than 71.77% on this metric.
Maruti Suzuki India Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Maruti Suzuki India's Operating Margin % or its related term are showing as below:
BOM:532500'
s Operating Margin % Range Over the Past 10 Years
Min: 3.45 Med: 8.91 Max: 11.93
Current: 8.36
BOM:532500's Operating Margin % is ranked better than 71.77% of 1325
companies
in the Vehicles & Parts industry
Industry Median: 4.86
vs BOM:532500: 8.36
Maruti Suzuki India's 5-Year Average Operating Margin % Growth Rate was 24.40% per year.
Maruti Suzuki India (BOM:532500) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Maruti Suzuki India Operating Margin % Related Terms
Maruti Suzuki India Operating Margin % Historical Data
* Premium members only.
The historical data trend for Maruti Suzuki India's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:532500 vs TSLA, GM, F: Operating Margin % Comparison
For the Auto Manufacturers subindustry, Maruti Suzuki India's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maruti Suzuki India Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Maruti Suzuki India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Maruti Suzuki India's Operating Margin % falls into.
Maruti Suzuki India Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Maruti Suzuki India's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Maruti Suzuki India (BOM:532500) has a Operating Margin % of 8.55% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Maruti Suzuki India and its competitors. This is near median its historical median of 8.91. Over the past decade, Maruti Suzuki India's Operating Margin % has ranged from 3.45 to 11.93. According to the industry distribution chart, Maruti Suzuki India ranks #374 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 28.2%.
Is Maruti Suzuki India's Operating Margin % too high?
Maruti Suzuki India's current Operating Margin % of 8.55% is near median its 10-year median of 8.91. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 11.93. The Vehicles & Parts industry median Operating Margin % is 4.86. Maruti Suzuki India's value of 8.55% is 75.9% above this industry median. Based on the distribution chart, Maruti Suzuki India ranks #374 out of 1325 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Maruti Suzuki India has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maruti Suzuki India's Operating Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Maruti Suzuki India ranks #374 out of 1325 companies for Operating Margin %. This puts Maruti Suzuki India in the upper half of its industry. The industry median Operating Margin % is 4.86. Maruti Suzuki India's value of 8.55% is 75.9% above this benchmark. Historically, Maruti Suzuki India's own Operating Margin % has ranged from 3.45 to 11.93 over the past decade. While the company's 10-year median is 8.91 vs. the industry median of 4.86, Maruti Suzuki India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.86, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maruti Suzuki India's current Operating Margin % of 8.55% is 75.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Maruti Suzuki India and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruti Suzuki India's current Operating Margin % is 8.55%, which is near median its own 10-year median of 8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruti Suzuki India stock overvalued right now?
Based on GuruFocus' analysis, Maruti Suzuki India (BOM:532500) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹16,047.56, compared to a current price of ₹13,741.75 — trading 14.4% below its estimated fair value. The current Operating Margin % is 8.55%, which is near median its 10-year median of 8.91 and 75.9% above the Vehicles & Parts industry median of 4.86. Maruti Suzuki India's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Maruti Suzuki India (BOM:532500), the current Operating Margin % is 8.55% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Maruti Suzuki India (BOM:532500) Overvalued in 2026?
Based on GuruFocus' analysis, Maruti Suzuki India stock appears to be undervalued.
The current stock price of ₹13,741.75 is trading 14.4% below its estimated GF Value™ of ₹16,047.56.
GuruFocus considers Maruti Suzuki India to be Modestly Undervalued.
Key valuation signals for BOM:532500:
Operating Margin %: 8.55% (near median its 10-year median of 8.91)
GF Value™: ₹16,047.56 vs. price of ₹13,741.75 (14.4% below fair value)
Industry Position: 75.9% above the Vehicles & Parts median (#374 of 1325)
No single metric tells the full story. See the BOM:532500 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruti Suzuki India Ltd, a subsidiary of Suzuki Motor Corp. The company is engaged in the manufacturing, purchase, and sale of motor vehicles, components, and spare parts. Its other activities include the facilitation of pre-owned car sales, fleet management, and car financing. The company manufactures various types of passenger vehicles and light commercial vehicles for its customers belonging to different income categories. Some of the vehicles manufactured by it are: WagonR, Dzire, Ertiga, Fronx (SUV), and others. Geographically, the company generates a majority of its revenue from its business in India and also engages in exports of its products to countries like Chile, Saudi Arabia, South Africa, Japan, Mexico, and others.
89GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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