V Maruti Udyog Limited (MUL) was

established in February 1981

V The company annually exports more than

50,000 cars and has an extremely large
domestic market in India selling over 730,000
cars annually
V aruti Suzuki India Ltd is a publically listed
company.
V Suzuki otor Corporation of Japan holds a
majority stake in the company.
V Maruti Udyog Limited was renamed aruti
Suzuki India Limited.
V The company's headquarters are located
in Delhi.
Manesar Facility:
500 acres

capacity 300,000 cars/ annum

Assembly plant 4

Diesel Engine Joint venture ± SPIL

capacity 200,000 units

Total Capacity One Million

Cars
xurgaon Facility:
300 acres

capacity 700,000 cars/ annum

Assembly plants 1,2,3

Engine plants F, x and new K series

V ©
rease i royalty
arge (at ~5.2% of sales
vs ~3.6% earlier,
V Dow grade FY11E EPS by 16.6% to Rs 81.3
a d FY12E EPS by16.7% to Rs 88.9. Redu
e
TP to Rs 1,275 (dow 23%) valui g at 7.5x
EV/EB©DTA FY12 es
Ê aruti Suzuki India (SIL), the country's largest
carmaker, plans to invest around Rs 1,925 crore for
setting up a third plant at its second facility in anesar.
This will be aruti's largest investment in a single plant
in the country.

Ê Osama Suzuki, director, SIL, and chief executive

officer of Suzuki otor Corporation, said, "We had not
estimated the pace at which demand for cars would
grow in India. We are investing 35 billion yen for
constructing a new plant at anesar to meet the
increase in demand."
A case in point is Maruti Suzuki¶s
stock performance since the time of
its listing compared with that of its
Japanese parent Suzuki. Maruti got
listed in 2003 and has
outperformed Suzuki by over 11
times. Maruti has been the biggest
value creator for Suzuki. You
should invest in India only if you
want to make serious money.

Nilesh Shah
PROMOTERS SHARES % HOLD

FORE© BODY 156618440 54.21

CORPORATE
PUBL©C HOLD©
MF/UT© 8434846 2.92
F.©.B 40723803 14.10
F.©.© 58028722 20.09
O - ©ST©TUE
BODY CORPORATE 17321036 6
©D©V©DUAS 6890712 2.39
H..© 0.09
CLEAR© MEMBER 0.11
R© 0.07
TRUSTS 0.05
 BSE SE
‰IG‰ 1740 1737
LOW 1171 1126
 V

D



Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06
„
 
 
Ow er's fu d
^
ity s ar
ca ital 144.50 144.50 144.50 144.50 144.50
S ar
a lication
mon y - - - - -
Pr f r nc
s ar ca ital - - - - -
R s rv s &
s
r l
s 11,690.60 9,200.40 8,270.90 6,709.40 5,308.10
Y

 
S c
r d
loans 26.50 0.10 0.10 63.50 71.70
Uns c
r d
loans 794.90 698.80 900.10 567.30 -
Total 12,656.50 10,043.80 9,315.60 7,484.70 5,524.30
Ú 
 
Fixed assets
Gross block 10,406.70 8,720.60 7,285.30 6,146.80 4,954.60

Less : revaluation
reserve - - - - -

Less : accumulated
depreciation 5,382.00 4,649.80 3,988.80 3,487.10 3,259.40
Net block 5,024.70 4,070.80 3,296.50 2,659.70 1,695.20
Capital work-in-
progress 387.60 861.30 736.30 238.90 92.00
Investments 7,176.60 3,173.30 5,180.70 3,409.20 2,051.20
Î 
 
 

Current assets,
loans & advances 3,856.00 5,570.00 3,190.50 3,956.00 3,870.70
Less : current
liabilities &
provisions 3,788.40 3,631.60 3,088.40 2,779.10 2,184.80
Total net current
assets 67.60 1,938.40 102.10 1,176.90 1,685.90
iscellaneous
expenses not
written - - - - -
Total 12,656.50 10,043.80 9,315.60 7,484.70 5,524.30
Î 
Pivot Point - Support Resistance

Pivot Poi t - 1314.43333333333

Support Price Resistance Price

Support1 1307.87 Resistance1 1321.37

Support2 1300.93 Resistance2 1327.93

Support3 1294.37 Resistance3 1334.87

Intra Day support & resistance

Only Valid for 10/09/2010
onthly Share Price Range of aruti Suzuki India Ltd.
Start Date End Date ‰igh Low Close Price Price Range Price Range %

  

/ /
1 31/ /
1 1
71. 1

.
1
57.5 . 5.7

  
1/ 7/
1 3 / 7/
1 1435. 11
. 5 11 . 3 .15
7.35

 
3/ /
1 3 / /
1 1433.5 1
. 14
3.75 153.15 11.


1/ /
1 3 / /
1 1433.5 1
31. 5 14
3.75

. 1.4


3/ 5/
1 31/ 5/
1 13 . 117 . 1
3. 5 13 . 11.11

5/ 4/
1 3 / 4/
1 141
. 1
47.7 1
7.7 14.3 13.17


1/ 4/
1 3 / 4/
1 14
. 1
47.7 1
7.7 1 1.3 14.53

 
4/ 3/
1 31/ 3/
1 151. 134. 1417.5 17 . 1
.

 

/ 3/
1 31/ 3/
1 151. 134. 1417.5 17 . 1
.



/
/
1
/
/
1 14 . 1317.5 145.5 17
.35 13.


1/
/
1
/
/
1 14 . 1317.5 145.5 17
.35 13.
Name Current One Week Old One onth Old Three onth Old Six onth Old One Year
Price Price/Gain in Price/Gain in % Price/Gain in % Price/Gain in % Old
% Price/Gain in
%

Ashok Leyland Ltd. 72.35 74.45/-2.82% 71.65/0.98% 61.65/17.36% 52.4/38.07% 40.35/79.31

%

ahindra & ahindra 655.6 626.25/4.69% 649.3/0.97% 578.35/13.36% 564.8/16.08% 418.475/56.6

Ltd. 6%

aruti Suzuki India 1314.8 1276.7/2.98% 1232.1/6.71% 1303.0/0.91% 1499.5/-12.32% 1513.05/-

Ltd. 13.10%

Tata otors Ltd. 1014.85 1016.95/- 919.4/10.38% 728.05/39.39% 776.05/30.77% 557.05/82.18

0.21% %
V NDTV PROFIT
V ECONOIC TIES
V REDIFF BUSINESS
V www.topstockresearch.com
V www.marutisuzuki.com
V www.emkayshare.com