RC Bhargava, Chairman, Maruti Suzuki Limited (MSIL), expects the company to close FY13 with 5.5-6% growth
Diesel deregulation annuls any chances of higher excise duty
RC Bhargava, chairman, Maruti Suzuki (MSIL), expects the company to close FY13 with 5.5-6 percent growth. He says that though the auto sector will remain under pressure in 2013, he does not anticipate car prices to be hiked anytime soon. Stating that diesel deregulation annuls any chances of higher excise duty, he feels labour troubles will continue till companies settle wage issues with workers.
Maruti Suzuki India’s sales dipped in FY12 because of the workers’ strike at its Manesar plant.
Maruti Suzuki stock price
On September 30, 2014, Maruti Suzuki India closed at Rs 3064.35, up Rs 55.75, or 1.85 percent. The 52-week high of the share was Rs 3110.00 and the 52-week low was Rs 1341.80.
The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 31.77. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.41.
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