Marico Ltd

Marico Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marico Ltd

₹ 839 0.83%
11 May 10:41 a.m.
marico.com BSE: 531642 NSE: MARICO
About

Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.[1]

Key Points

Product Portfolio
Below are all the product categories that the company caters to in the domestic market and the brands of the company :
1. Coconut Oil - Parachute, Nihar Naturals.
2. Super-premium Refined edible oils - Saffola.
3. Value added hair oils - Parachute advansed, Nihar naturals, Hair & Care.
4. Healthy foods - Saffola oats, Coco Soul. Coconut oil, Saffola FITTIFY Gourmet Range.
5. Premium Hair Nourishment - Livon Serums, Hair & Care.
6. Male Grooming & Styling - Set Wet, Beardo, Parachute.
7. Skin Care - Kaya Youth, Parachute advansed.
8. Hygiene - Mediker, Veggie Clean.
9. Breakfast - True Elements[1][2][3]

Market Share Q3FY24[4]
1 Coconut Oils : MS - 62%, Rank #1
2 Parachute Rigids : MS - 52%, Rank #1
3 Saffola Oats: MS - 41%, Rank #1
4 Value Added Hair Oils : MS - 27%, Rank #1
5 Leave-on Serums : MS - 53%, Rank #1
6 Hair Gels/Waxes/Creams: MS - 52%, Rank #1

Website BSE NSE
  • Market Cap ₹ 1,08,863 Cr.
  • Current Price ₹ 839
  • High / Low ₹ 843 / 680
  • Stock P/E 56.1
  • Book Value ₹ 44.7
  • Dividend Yield 1.26 %
  • ROCE 41.5 %
  • ROE 36.7 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
  • Company has been maintaining a healthy dividend payout of 76.1%
  • Debtor days have improved from 40.4 to 30.7 days.

Cons

  • Stock is trading at 18.6 times its book value
  • The company has delivered a poor sales growth of 8.21% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.987 Cr.
  • Working capital days have increased from 66.6 days to 101 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Edible Oil

Part of BSE 500 BSE Fast Moving Consumer Goods BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,702 1,841 1,791 1,733 1,637 1,886 1,860 1,988 1,870 2,281 2,439 2,461 2,205
1,423 1,438 1,449 1,369 1,340 1,458 1,515 1,630 1,558 1,832 2,092 2,089 1,923
Operating Profit 279 403 342 364 297 428 345 358 312 449 347 372 282
OPM % 16% 22% 19% 21% 18% 23% 19% 18% 17% 20% 14% 15% 13%
30 37 35 35 28 18 302 122 149 474 171 177 166
Interest 9 7 10 8 7 5 7 6 5 5 7 7 8
Depreciation 31 25 26 29 27 28 28 30 38 30 33 34 44
Profit before tax 269 408 341 362 291 413 612 444 418 888 478 508 396
Tax % 24% 25% 24% 22% 21% 25% 14% 17% 22% 12% 17% 13% 15%
204 307 258 284 229 311 529 369 325 777 395 441 336
EPS in Rs 1.58 2.37 1.99 2.19 1.77 2.40 4.09 2.85 2.51 6.00 3.04 3.40 2.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4,681 4,861 4,851 5,170 5,971 5,853 6,337 7,500 7,478 7,002 7,581 9,402
4,006 4,032 3,894 4,255 4,961 4,733 5,183 6,317 6,169 5,596 6,132 7,961
Operating Profit 676 829 957 915 1,010 1,120 1,154 1,183 1,309 1,406 1,449 1,441
OPM % 14% 17% 20% 18% 17% 19% 18% 16% 18% 20% 19% 15%
127 191 262 114 301 287 286 357 328 135 591 987
Interest 17 15 13 8 24 33 22 30 36 32 23 27
Depreciation 55 69 64 67 104 113 107 97 109 107 123 142
Profit before tax 731 936 1,142 954 1,183 1,261 1,311 1,413 1,492 1,402 1,894 2,259
Tax % 25% 26% 26% 25% 5% 20% 16% 18% 21% 23% 19% 14%
545 691 843 718 1,129 1,007 1,106 1,163 1,179 1,078 1,541 1,941
EPS in Rs 4.23 5.36 6.53 5.56 8.75 7.80 8.56 9.00 9.12 8.33 11.90 14.95
Dividend Payout % 30% 79% 54% 76% 54% 86% 87% 103% 49% 114% 88% 27%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 8%
TTM: 24%
Compounded Profit Growth
10 Years: 11%
5 Years: 11%
3 Years: 18%
TTM: 27%
Stock Price CAGR
10 Years: 13%
5 Years: 12%
3 Years: 15%
1 Year: 15%
Return on Equity
10 Years: 34%
5 Years: 35%
3 Years: 35%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 64 129 129 129 129 129 129 129 129 129 129 130
Reserves 2,278 2,409 2,795 2,912 3,360 2,759 2,906 2,920 3,548 3,468 4,634 5,678
271 204 108 122 131 110 269 199 166 230 271 180
617 696 730 857 1,138 1,138 1,178 1,248 1,246 1,138 1,004 1,631
Total Liabilities 3,231 3,439 3,763 4,020 4,758 4,136 4,482 4,496 5,089 4,965 6,038 7,619
482 460 519 509 643 701 669 667 704 736 770 946
CWIP 2 37 8 25 42 55 14 27 32 38 33 78
Investments 1,335 1,595 1,664 1,507 1,440 1,093 1,343 1,372 1,825 1,617 2,687 3,716
1,412 1,347 1,571 1,979 2,633 2,287 2,456 2,430 2,528 2,574 2,548 2,879
Total Assets 3,231 3,439 3,763 4,020 4,758 4,136 4,482 4,496 5,089 4,965 6,038 7,619

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
552 629 471 409 785 970 1,564 656 1,002 1,044 1,148 1,609
60 -86 87 187 -79 128 -583 626 -346 167 -681 -534
-612 -549 -560 -602 -704 -1,081 -992 -1,267 -676 -1,194 -455 -1,004
Net Cash Flow -1 -6 -2 -6 2 17 -11 15 -20 17 12 71
Free Cash Flow 489 558 409 337 648 837 1,511 560 1,002 954 1,066 1,356
CFO/OP 104% 100% 74% 71% 103% 106% 157% 77% 96% 92% 103% 140%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 10 14 17 20 26 29 18 27 41 45 45 31
Inventory Days 125 128 190 193 148 153 97 94 82 101 76 64
Days Payable 64 81 84 86 86 92 93 86 93 99 73 56
Cash Conversion Cycle 72 61 124 127 89 90 21 35 31 48 49 38
Working Capital Days 33 15 46 62 51 50 8 25 40 53 46 101
ROCE % 29% 35% 38% 33% 36% 40% 44% 44% 43% 37% 43% 41%

Insights

In beta
Mar 2015 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Mar 2027 (P)
Coconut Oil Volume Market Share
%

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India Business Underlying Volume Growth
%
Value Added Hair Oils Value Market Share
%
Parachute Coconut Oil Volume Growth
%
Direct Reach
Lakh Outlets
International Business Constant Currency Growth
%
Total Retail Reach
Lakh Outlets
Foods Portfolio Scaling vs FY20
Multiplier
Digital-First Portfolio Exit ARR
INR Crores
Project SETU Phased Plan (Relative Direct Reach)
Multiplier

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.41% 59.40% 59.38% 59.34% 59.28% 59.20% 59.11% 59.05% 59.03% 58.94% 58.93% 58.93%
24.96% 25.91% 25.69% 25.55% 24.61% 24.87% 23.35% 22.09% 23.62% 24.21% 24.02% 24.08%
10.20% 9.50% 9.63% 9.78% 11.10% 11.12% 12.76% 14.12% 12.61% 11.88% 12.23% 12.17%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.11% 0.11% 0.13%
5.20% 4.99% 5.12% 5.13% 4.80% 4.61% 4.61% 4.53% 4.51% 4.58% 4.49% 4.49%
0.11% 0.11% 0.08% 0.11% 0.11% 0.11% 0.08% 0.12% 0.12% 0.26% 0.22% 0.19%
No. of Shareholders 3,30,9073,08,0253,16,5793,18,5562,99,1543,02,1833,00,8052,86,7702,88,2182,89,1522,82,2092,87,764

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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