Marico Ltd

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

Marico Ltd

₹ 549 -1.23%
02 Jun - close price
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.[1] [2]

Market Share
Market share of company’s leading brands as of Q1FY22 were as follows:
Coconut Oils, MS: 62%, Rank: 1 st
Parachute Rigids, MS: 52%, Rank: 1 st
Saffola – Super Premium ROCP, MS:, Rank: 82% 1 st
Saffola Oats, MS: 39%, Rank: 2 nd
Saffola Masala Oats - Flavored Oats, MS: 94%, Rank: 1 st
Value Added Hair Oils, MS: 37%, Rank: 1st
Post wash Leave-on Serums, MS: 63%, Rank: 1st
Hair Gels/Waxes/Creams, MS: 58%, Rank: 1st [3]

Website BSE NSE
  • Market Cap ₹ 71,052 Cr.
  • Current Price ₹ 549
  • High / Low ₹ 559 / 463
  • Stock P/E 54.6
  • Book Value ₹ 29.4
  • Dividend Yield 1.68 %
  • ROCE 43.7 %
  • ROE 36.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%

Cons

  • Stock is trading at 18.7 times its book value
  • The company has delivered a poor sales growth of 9.08% over past five years.
  • Debtor days have increased from 26.8 to 37.9 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

Sector: FMCG Industry: Personal Care - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,496 1,925 1,989 2,122 2,012 2,525 2,419 2,407 2,161 2,558 2,496 2,470 2,240
1,215 1,460 1,600 1,709 1,693 2,044 1,996 1,976 1,815 2,030 2,063 2,014 1,847
Operating Profit 281 465 389 413 319 481 423 431 346 528 433 456 393
OPM % 19% 24% 20% 19% 16% 19% 17% 18% 16% 21% 17% 18% 18%
22 83 -6 24 10 27 25 22 24 17 19 40 68
Interest 13 9 8 7 10 8 10 10 11 10 15 14 17
Depreciation 38 34 33 36 36 33 33 36 37 36 37 39 43
Profit before tax 252 505 342 394 283 467 405 407 322 499 400 443 401
Tax % 21% 23% 20% 21% 20% 22% 22% 22% 20% 24% 23% 25% 24%
Net Profit 199 388 273 312 227 365 316 317 257 377 307 333 305
EPS in Rs 1.50 2.95 2.04 2.38 1.70 2.76 2.39 2.40 1.94 2.87 2.33 2.54 2.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,980 4,596 4,687 5,733 6,017 5,918 6,322 7,334 7,315 8,048 9,512 9,764
3,495 3,970 3,939 4,863 4,966 4,759 5,185 6,009 5,846 6,459 7,831 7,954
Operating Profit 485 626 748 870 1,051 1,159 1,137 1,325 1,469 1,589 1,681 1,810
OPM % 12% 14% 16% 15% 17% 20% 18% 18% 20% 20% 18% 19%
30 70 58 59 93 96 85 103 95 107 98 144
Interest 42 58 34 23 21 17 16 40 50 34 39 56
Depreciation 73 87 77 84 95 90 89 131 140 139 139 155
Profit before tax 400 552 695 822 1,029 1,149 1,117 1,257 1,374 1,523 1,601 1,743
Tax % 20% 26% 27% 29% 30% 29% 26% 10% 24% 21% 22% 24%
Net Profit 322 406 504 585 723 811 827 1,131 1,043 1,199 1,255 1,322
EPS in Rs 2.58 3.07 3.76 4.45 5.51 6.19 6.31 8.63 7.91 9.08 9.48 10.07
Dividend Payout % 14% 16% 46% 28% 77% 57% 67% 55% 85% 83% 97% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 10%
TTM: 3%
Compounded Profit Growth
10 Years: 13%
5 Years: 10%
3 Years: 8%
TTM: 6%
Stock Price CAGR
10 Years: 17%
5 Years: 11%
3 Years: 18%
1 Year: 6%
Return on Equity
10 Years: 36%
5 Years: 37%
3 Years: 37%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
61 64 64 64 129 129 129 129 129 129 129 129
Reserves 1,082 1,917 1,296 1,760 1,888 2,197 2,414 2,846 2,894 3,111 3,219 3,670
785 872 680 428 331 239 312 352 338 511 479 608
689 854 925 873 1,010 1,059 1,217 1,569 1,603 1,675 1,850 2,539
Total Liabilities 2,617 3,707 2,965 3,125 3,358 3,623 4,072 4,896 4,964 5,426 5,677 6,946
857 1,670 888 1,076 1,050 1,085 1,110 1,300 1,396 1,612 1,760 2,246
CWIP 40 148 4 3 37 11 27 45 58 24 39 67
Investments 296 152 311 284 544 608 543 450 733 854 828 1,096
1,424 1,738 1,762 1,763 1,727 1,919 2,392 3,101 2,777 2,936 3,050 3,537
Total Assets 2,617 3,707 2,965 3,125 3,358 3,623 4,072 4,896 4,964 5,426 5,677 6,946

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
397 432 660 665 818 649 516 1,062 1,214 2,007 1,016 1,419
-352 -830 -202 -186 -203 -125 59 -367 -22 -933 441 -929
-119 442 -339 -625 -601 -574 -567 -698 -1,147 -1,058 -1,290 -560
Net Cash Flow -74 44 119 -147 14 -51 8 -3 45 16 167 -70

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 19 16 17 11 15 15 20 26 27 18 25 38
Inventory Days 146 173 151 139 110 193 190 147 157 108 106 84
Days Payable 73 96 95 79 80 107 103 98 108 109 101 99
Cash Conversion Cycle 92 93 73 71 46 101 106 74 76 17 30 22
Working Capital Days 35 26 9 29 10 38 54 43 41 6 20 43
ROCE % 25% 24% 29% 39% 45% 45% 42% 42% 43% 43% 43% 44%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
59.62 59.61 59.61 59.61 59.61 59.52 59.51 59.49 59.48 59.48 59.48 59.42
23.72 23.66 24.16 24.04 24.98 25.92 25.55 25.11 25.16 25.00 25.07 24.97
9.75 10.26 9.99 10.06 9.57 8.50 8.59 8.76 8.67 9.86 9.78 9.99
0.23 0.18 0.18 0.18 0.09 0.09 0.09 0.09 0.09 0.09 0.10 0.10
6.60 6.21 5.95 6.01 5.66 5.87 6.17 6.45 6.49 5.46 5.46 5.43
0.08 0.08 0.10 0.10 0.10 0.10 0.10 0.11 0.11 0.11 0.09 0.11

* 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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