BSE: 543464
Maruti Interior Products Limit
Classified under Consumer Durables with a basic industry tag of Houseware, the company operates consumer-facing houseware brands, with its website domains registered as spitzebyeveryday.com and everyday-india.com. In March 2026 it completed a 100% cash acquisition of HA & DL Holdings Pte. Ltd in Singapore, whose wholly-owned subsidiary is Vina Metal Recycling Co. Limited (VMR) in Vietnam — a producer and exporter of stainless steel and recycled metal products, and the only company holding a BIS licence to export stainless steel products to India. The business is small, with FY26 revenue of Rs 52.6775 crore and total assets of Rs 90.0809 crore; year-on-year revenue growth was 20.5393% and ROCE was 23.2497%. The cost structure is materials-heavy but lean overall — raw materials were 16.3% of revenue, employees 8.6%, and other operating expenses 9.7%, with no capex recorded in FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Houseware / consumer durables, Stainless steel and recycled metal products (via VMR, Vietnam). Small-cap consumer houseware business with a recently acquired overseas stainless steel and metal-recycling subsidiary.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 28 | 38 | 38 | 44 | 53 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 5.15 | 5.38 | 2.24 | 3.21 | 6.92 |
| ROE % · ROCE % | — · 17.4 | — · 19.7 | — · 15.3 | — · 19.0 | — · 23.2 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (2) | 3 | 4 | 3 | 11 |
| Capex | — | — | — | (3) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY22 | Q2 FY23 | Q4 FY23 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 20 | 18 | 18 | 18 | 25 | 33 | 20 |
| Profit before tax | 2 | 3 | 2 | 1 | 2 | 4 | 4 | 8 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 2.62 | 3.37 | 2.00 | 0.70 | 1.08 | 2.11 | 1.77 | 4.95 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CELLO WORLD LIMITED | 7,444 | 24.1 | 2.76 | 14.2 | 12.3 | 16.1 | — | 22.2 |
| HAWKINS COOKERS LTD | 4,002 | 30.5 | 8.99 | — | 29.5 | 37.2 | — | 15.8 |
| BOROSIL LIMITED | 2,882 | 41.1 | 3.25 | 15.5 | 8.4 | 9.9 | 15.4 | 16.2 |
| ALL TIME PLASTICS LIMITED | 1,277 | 35.3 | 2.08 | 13.7 | 5.8 | 6.9 | — | 16.7 |
| Maruti Interior Products Limit ◆ | 213 | 3.5 | — | — | — | 21.6 | — | — |
| Inflame Appliances Limited | 172 | 74.1 | — | — | — | 10.0 | — | — |
| GOTHI PLASCON (INDIA) LTD. | 39 | 16.9 | 3.55 | — | 16.6 | 16.4 | — | 63.6 |
| Riddhi Display Equipments Limi | 26 | 4.6 | — | — | — | 14.3 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.5 | 30.5 | 1 of 9 | 100% |
| ROCE | 21.6 | 14.3 | 2 of 9 | 88% |
| Revenue growth | 10.4 | 9.0 | 3 of 7 | 67% |
| Market cap | 213 | 213 | 5 of 9 | 50% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Compliance certificate under Regulation 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · Scrutinizer report on 29th AGM - all 8 resolutions passed unanimously | compliance | minimal | — | — |
| 1 Oct 2026 · 29th AGM: All 8 resolutions passed with 100% approval | compliance | minimal | — | — |
| 29 Sept 2026 · Maruti Interior Products holds 29th AGM; board re-appointments put to vote | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Closure of Trading window | compliance | minimal | — | — |
| 8 Sept 2026 · Maruti Interior Q1 results: revenue and profit fall sharply YoY | results | high | — | — |
| 7 Sept 2026 · Maruti Interior Products submits FY26 Annual Report and AGM notice | compliance | low | — | — |
| 7 Sept 2026 · 29th AGM on Sep 29, 2026 with director reappointments on agenda | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Board meeting on Sep 8, 2026 to consider Q1 FY27 audited results | results | low | — | — |
| 11 Aug 2026 · Board meeting on Aug 14 2026 to consider Q1 FY27 audited results | results | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.