Maruti Suzuki - Rising From The Ashes: IDBI Capital

Maruti Suzuki - Rising From The Ashes: IDBI Capital

Maruti Suzuki’s Nexa and KTM showrooms in Lower Parel, Mumbai. (Photo: Sagar Salvi/BloombergQuint)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Over the last 12 months, Maruti Suzuki India Ltd. has faced barrage of bad news including Covid-19 lockdown, unprecedented rise in commodity prices, bumper to bumper insurance and semiconductor chip shortages etc.

We anticipate majority of these events are temporary in nature and may not last beyond 12 months.

Hence the the comapny falls in the category of 'great company in temporary trouble'.

During FY12-21, Maruti Suzuki’s volume grew by 3.8% compound annual growth rate compared to Indian passenger vehicle market which grew by 0.3% CAGR due to poor consumer sentiments, demonetisation, goods and services tax Implementation, BS-IV to BS-VI transition and Covid-19 lockdown prevailed in the last decade.

Click on the attachment to read the full report:

IDBI Capital Maruti Suzuki Company Update.pdf
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