Marico Ltd

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

₹ 900 -0.22%
13 Nov - close price
marico.com BSE: 531642 NSE: MARICO F&O
About

Marico Limited is one of India's leading consumer goods companies, operating across beauty, personal care, wellness and foods in India and select international markets. Portfolio includes Parachute, Saffola, Hair & Care, Nihar, Livon, Set Wet, Beardo, Just Herbs, True Elements, Plix, Cosmix and 4700BC; products reach 1 out of 3 Indians.[1]

Key Points

Product Portfolio:[1]
The product categories that the company caters to in the domestic market and the brands of the company :
a) Coconut Oil - Parachute
b) Super Premium Refined Edible Oils - Saffola
c) Cold Pressed Edible Oils - Saffola Cold Pressed Oils
d) Value-Added Hair Oils- Parachute Advansed Jasmine, Coconut Enriched Hair Oils, Amla variants and Hair & Care Almond
e) Foods & Nutrition - Saffola Foods, True Elements, Coco Soul, Plix, Cosmix and 4700BC
f) Premium Personal Care - premium hair nourishment, male grooming, hair cleansing and skin care
g) Digital-First Premium Personal Care - Beardo, Just Herbs and Plix Personal Care

Market Share MAT - Jun-26:[2]
Parachute Rigids 59%
-Saffola Oats 42%,
-Value Added Hair Oils 29%,
-Post-wash Leave-on Serums 44%,
-Hair Gels/Waxes/Creams 51%
Each ranked #1 in respective category

Website BSE NSE F&O
  • Market Cap ₹ 1,17,018 Cr.
  • Current Price ₹ 900
  • High / Low ₹ 925 / 707
  • Stock P/E 60.7
  • Book Value ₹ 50.4
  • Dividend Yield 0.44 %
  • ROCE 41.8 %
  • ROE 37.0 %
  • Face Value ₹ 1.00
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Pros

  • 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 76.6%
  • Debtor days have improved from 40.6 to 30.7 days.
  • Company's working capital requirements have reduced from 42.1 days to 27.2 days

Cons

  • Stock is trading at 17.8 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.726 Cr.

* 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

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,791 1,733 1,637 1,886 1,860 1,988 1,870 2,349 2,439 2,461 2,272 2,794 2,722
1,449 1,369 1,340 1,458 1,515 1,630 1,558 1,902 2,092 2,089 1,978 2,251 2,232
Operating Profit 342 364 297 428 345 358 312 447 347 372 294 543 490
OPM % 19% 21% 18% 23% 19% 18% 17% 19% 14% 15% 13% 19% 18%
35 35 28 18 302 122 149 473 171 177 166 53 330
Interest 10 8 7 5 7 6 5 6 7 7 8 10 13
Depreciation 26 29 27 28 28 30 38 31 33 34 45 37 45
Profit before tax 341 362 291 413 612 444 418 883 478 508 407 549 762
Tax % 24% 22% 21% 25% 14% 17% 22% 12% 17% 13% 15% 16% 10%
258 284 229 311 529 369 325 773 395 441 344 460 683
EPS in Rs 1.99 2.19 1.77 2.40 4.09 2.85 2.51 5.96 3.04 3.40 2.65 3.54 5.25
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 TTM
4,681 4,861 4,851 5,170 5,971 5,853 6,337 7,500 7,478 7,002 7,680 9,402 10,249
4,006 4,032 3,894 4,255 4,961 4,733 5,183 6,317 6,169 5,596 6,255 7,961 8,550
Operating Profit 676 829 957 915 1,010 1,120 1,154 1,183 1,309 1,406 1,425 1,441 1,699
OPM % 14% 17% 20% 18% 17% 19% 18% 16% 18% 20% 19% 15% 17%
127 191 262 114 301 287 286 357 328 135 589 987 726
Interest 17 15 13 8 24 33 22 30 36 32 24 27 38
Depreciation 55 69 64 67 104 113 107 97 109 107 125 142 161
Profit before tax 731 936 1,142 954 1,183 1,261 1,311 1,413 1,492 1,402 1,865 2,259 2,226
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 1,519 1,941 1,928
EPS in Rs 4.23 5.36 6.53 5.56 8.75 7.80 8.56 9.00 9.12 8.33 11.73 14.95 14.84
Dividend Payout % 30% 79% 54% 76% 54% 86% 87% 103% 49% 114% 89% 27%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 8%
TTM: 19%
Compounded Profit Growth
10 Years: 11%
5 Years: 11%
3 Years: 18%
TTM: 4%
Stock Price CAGR
10 Years: 14%
5 Years: 10%
3 Years: 20%
1 Year: 22%
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 Sep 2026
Equity Capital 64 129 129 129 129 129 129 129 129 129 129 130 130
Reserves 2,278 2,409 2,795 2,912 3,360 2,759 2,906 2,920 3,548 3,468 4,547 5,678 6,424
271 204 108 122 131 110 269 199 166 230 275 180 621
617 696 730 857 1,138 1,138 1,178 1,248 1,246 1,138 1,025 1,631 2,382
Total Liabilities 3,231 3,439 3,763 4,020 4,758 4,136 4,482 4,496 5,089 4,965 5,976 7,619 9,557
482 460 519 509 643 701 669 667 704 736 868 946 1,228
CWIP 2 37 8 25 42 55 14 27 32 38 33 78 136
Investments 1,335 1,595 1,664 1,507 1,440 1,093 1,343 1,372 1,825 1,617 2,543 3,716 4,278
1,412 1,347 1,571 1,979 2,633 2,287 2,456 2,430 2,528 2,574 2,532 2,879 3,915
Total Assets 3,231 3,439 3,763 4,020 4,758 4,136 4,482 4,496 5,089 4,965 5,976 7,619 9,557

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 1,103 1,609
60 -86 87 187 -79 128 -583 626 -346 167 -631 -534
-612 -549 -560 -602 -704 -1,081 -992 -1,267 -676 -1,194 -460 -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 1,020 1,356
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 104% 100% 74% 71% 103% 106% 157% 77% 96% 92% 102% 140%

Ratios

Standalone / 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 46 31
Inventory Days 125 128 190 193 148 153 97 94 82 101 78 69
Days Payable 64 81 84 86 86 92 93 86 93 99 74 89
Cash Conversion Cycle 72 61 124 127 89 90 21 35 31 48 49 12
Working Capital Days 33 15 46 62 51 50 8 25 40 53 46 27
ROCE % 29% 35% 38% 33% 36% 40% 44% 44% 43% 37% 43% 42%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025 Mar 2026
India Volume Growth
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International Business Share of Consolidated Revenue
%
Foods Revenue/ARR
INR crore
Retail Outlet Reach
million outlets
Value-Added Hair Oils (VAHO) Value Market Share
%
Digital-first Premium Personal Care Exit ARR
INR crore
Foods and PPC Share of India Revenue
%
Parachute Coconut Oil Volume Market Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
59.38% 59.34% 59.28% 59.20% 59.11% 59.05% 59.03% 58.94% 58.93% 58.93% 58.92% 58.84%
25.69% 25.55% 24.61% 24.87% 23.35% 22.09% 23.62% 24.21% 24.02% 24.08% 23.40% 22.25%
9.63% 9.78% 11.10% 11.12% 12.76% 14.12% 12.61% 11.88% 12.23% 12.17% 12.87% 14.11%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.11% 0.11% 0.13% 0.15% 0.00%
5.12% 5.13% 4.80% 4.61% 4.61% 4.53% 4.51% 4.58% 4.49% 4.49% 4.49% 4.51%
0.08% 0.11% 0.11% 0.11% 0.08% 0.12% 0.12% 0.26% 0.22% 0.19% 0.17% 0.29%
No. of Shareholders 3,16,5793,18,5562,99,1543,02,1833,00,8052,86,7702,88,2182,89,1522,82,2092,87,7642,93,5602,98,597

* 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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