Maruti Suzuki India (NSE:MARUTI) Dividend Payout Ratio: (As of Jun. 2026)

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NSE:MARUTI Maruti Suzuki India Ltd NSE:MARUTI
90 GF Score
Price ₹12,103.00
GF Value ₹16,923.90
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Maruti Suzuki India Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Maruti Suzuki India's Dividend Payout Ratio for the months ended in Jun. 2026 was .

The historical rank and industry rank for Maruti Suzuki India's Dividend Payout Ratio or its related term are showing as below:

NSE:MARUTI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.35   Max: 0.93
Current: 0.3

During the past 13 years, the highest Dividend Payout Ratio of Maruti Suzuki India was 0.93. The lowest was 0.18. And the median was 0.35.

NSE:MARUTI's Dividend Payout Ratio is ranked better than
57.82% of 780 companies
in the Vehicles & Parts industry
Industry Median: 0.35 vs NSE:MARUTI: 0.30

As of today (2026-09-20), the Dividend Yield % of Maruti Suzuki India is 1.16%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Maruti Suzuki India was 1.99%. The lowest was 0.48%. And the median was 0.87%.

Maruti Suzuki India's Dividends per Share for the months ended in Jun. 2026 was ₹.

During the past 12 months, Maruti Suzuki India's average Dividends Per Share Growth Rate was 8.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 31.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 24.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Maruti Suzuki India was 84.20% per year. The lowest was -17.50% per year. And the median was 28.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Maruti Suzuki India (NSE:MARUTI) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Maruti Suzuki India Dividend Payout Ratio Related Terms

Maruti Suzuki India Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Maruti Suzuki India's Dividend Payout Ratio 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.

Maruti Suzuki India Dividend Payout Ratio Chart

Maruti Suzuki India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.40 0.36 0.37 0.36

Maruti Suzuki India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 1.20 -

NSE:MARUTI vs TSLA, GM, F: Dividend Payout Ratio Comparison

For the Auto Manufacturers subindustry, Maruti Suzuki India's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Maruti Suzuki India's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Maruti Suzuki India's Dividend Payout Ratio falls into.


NSE:MARUTI
90GF Score
Maruti Suzuki India Ltd NSE:MARUTI
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maruti Suzuki India Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Maruti Suzuki India's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=140/ 388.55279855311
=0.36

Maruti Suzuki India's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=/ 109.63332634802
=0.00

* 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.

Is Maruti Suzuki India (NSE:MARUTI) Overvalued in 2026?

Based on GuruFocus' analysis, Maruti Suzuki India stock appears to be undervalued. The current stock price of ₹12,103.00 is trading 28.5% below its estimated GF Value™ of ₹16,923.90. GuruFocus considers Maruti Suzuki India to be Modestly Undervalued.

Key valuation signals for NSE:MARUTI:

  • Dividend Payout Ratio:
  • GF Value™: ₹16,923.90 vs. price of ₹12,103.00 (28.5% below fair value)
  • GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the NSE:MARUTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Maruti Suzuki India Business Description

Other Exchanges 532500:India
Address 1, Nelson Mandela Road, Vasant Kunj, New Delhi, IND, 110070
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.
90GF Score

Get the complete analysis for NSE:MARUTI

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹12,103.00
Price
₹16,923.90
GF Value