Maruti Interior Products Ltd.

Maruti Interior Products Ltd.

BBSE:SPITZE
33.25
INR
+1.49
(+4.69%)
4.25BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2.2
3.4
2.85
6.83
7.11
7.1
8.2
34.89
- -
Basic EPS, GAAP
0.18
0.43
0.3
0.73
0.76
0.63
0.91
6.92
- -
Free Cash Flow per Basic Share
0.16
-0.26
-0.03
-1.36
-0.25
-1.17
0.14
2.04
- -
Dividend per Share
- -
- -
- -
- -
- -
0.07
- -
- -
- -
Book Value per Share
1.18
1.61
1.94
4.42
5.18
5.74
6.67
7.63
7.63
Tangible Book Value per Share
1.18
1.61
1.94
4.42
5.18
5.74
6.67
7.63
7.63
Basic Weighted Avg Shares
53
53
53
41
53
53
53
15
34
Sales/Revenue/Turnover
117
181
152
280
379
378
437
527
- -
Operating Margin (%)
9.42
17.89
15.12
15.26
14.39
12.73
15.76
9.66
- -
Depreciation Expense
4
6
8
5
5
9
14
16
- -
Net Income, GAAP
10
23
16
30
41
34
48
104
- -
Effective Tax Rate (%)
18.52
26.18
26.27
27.47
25.62
26.37
26.32
11.36
- -
Profit Margin (%)
8.39
12.64
10.44
10.67
10.71
8.94
11.08
19.82
- -
Working Capital
45
41
50
150
158
104
116
-38
-38
LT Debt
- -
9
14
11
14
12
7
53
53
Total Equity
63
86
103
235
276
306
355
461
461
Return on Invested Capital (%)
- -
29.12
15.22
16.53
14.61
10.58
12.67
7.77
- -
Return on Capital (%)
- -
29.46
15.18
16.71
15.16
10.63
13.2
19.39
- -
Return on Common Equity (%)
- -
30.77
16.79
17.65
15.89
11.62
14.65
25.59
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
71
63
212
LT Borrowings
7
7
53
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
53
53
60
Market Capitalization
1,676
1,299
4,246

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
241
247
335
Cash, Cash Equivalents & STI
7
9
14
Accounts Receivable, Net
119
120
81
Inventories
101
102
176
Total Current Liabilities
124
115
373
Payables & Accruals
- -
- -
- -
ST Debt
71
63
212
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.43%
29.78%
Free Cash Flow
- -
800.5%
302.82%
Net Income, GAAP
- -
53.28%
115.7%
Sales/Revenue/Turnover
- -
31.1%
20.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
378
2025
- -
- -
- -
- -
437
2026
- -
- -
- -
- -
527

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.63
2025
- -
- -
- -
- -
0.91
2026
- -
- -
- -
- -
6.92

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.07
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Paresh Purushotam Lunagaria
Full Time Employees
117
Sector
Consumer durables
Industry
Home furnishings
Address
9,10,13, Jay Krishna Industrial Estate Rajkot GU India 360024
IPO Date
Feb 16, 2022
Business
Maruti Interior Products Limited Maruti Interior Products Limited (SPITZE.BO) manufactures, sells, and exports modular kitchen storage systems and aluminum long wardrobe and profile handles under the Everyday Kitchen and Spitze by Everyday brands; its product portfolio encompasses solid base vertical storage pull-outs, solid base corner storage, solid base drawer pull-outs, kitchen cabinets, wire base midway storage, slim tandem drawers, wardrobe accessories including slides and hinges, wardrobe long handles, wooden handles, cabinet profile handles, gola profiles, roller shutters, cabinet lift-ups, legs, food waste disposers, customized wire racks, oven wire grills, custom wire-formed products and components, laser cutting components, refrigerator wire shelves, supermarket wire racks, wire baskets, and sheet metal components for original equipment manufacturer clients. Everyday Kitchen targets the economic segment while Spitze by Everyday focuses on premium offerings, with additional kitchen and wardrobe accessories for the Indian market such as pull-out baskets, drawer organizers, cutlery trays, corner units, pantry units, wardrobe hangers, shoe racks, trouser racks, and modular kitchen components. The company, founded in 1997 and headquartered in Rajkot, Gujarat, India, operates primarily in the consumer durables houseware industry, serving domestic dealers and distributors across all Indian states as well as export markets including the USA, Asia, and Europe; it caters to home storage solutions, commercial refrigeration, supermarkets, and industrial storage sectors through its metal wire products and sheet metal components. Recent developments include a partnership with Royal Challengers Bengaluru for IPL 2025 announced in March 2025, an investment in associate company Arrowin Metaltech India Private Limited in January 2025, approval in July 2025 for migration of equity shares from BSE SME to the main board with 100% shareholder votes in favor following a board proposal in June 2025, acquisition of fully automatic powder coating equipment to enhance manufacturing capabilities, maintenance of a subsidiary Noggah Lifestyle Products Private Limited, board approval of financial results for the year ended March 31, 2025 in May 2025 showing sales growth to Rs 43.68 crore and net profit of Rs 4.82 crore, and an ongoing analyst and investor plant visit in February 2025.