Marico Ltd.

NSE: MARICO BSE: 531642 SECTOR: Consumer Food  211k   3k   545

562.75
-2.55 (-0.45%)
NSE: 22 Oct 03:56 PM

Price Summary

Today's High

₹ 566.05

Today's Low

₹ 557.1

52 Week High

₹ 607.7

52 Week Low

₹ 345.75

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

72704.1 Cr.

Enterprise Value

72135.1 Cr.

No. of Shares

129.19 Cr.

P/E

65.32

P/B

22.22

Face Value

₹ 1

Div. Yield

1.33 %

Book Value (TTM)

₹  25.33

CASH

711 Cr.

DEBT

142 Cr.

Promoter Holding

59.52 %

EPS (TTM)

₹  8.61

Sales Growth

8.27%

ROE

37.69 %

ROCE

43.17%

Profit Growth

9.83 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Marico Ltd.

Parachute Saffola Hair & Care LIVON NIHAR Naturals Mediker REVIVE Veggie CLEAN Studio X Kaya Youth true roots Saffola FITTIFY Gourmet SET WET keepsafe

Index Presence

The company is present in 32 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year8.27%
3 Year7.02%
5 Year5.45%

Profit Growth

1 Year9.83%
3 Year15.49%
5 Year9.86%

ROE%

1 Year37.69%
3 Year34.74%
5 Year31.86%

ROCE %

1 Year43.17%
3 Year39.29%
5 Year37.78%

Debt/Equity

0.0472

Price to Cash Flow

43.22

Interest Cover Ratio

60.5909090909091

CFO/PAT (5 Yr. Avg.)

0.898800674620526

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 59.52 0
Jun 2021 59.61 0
Mar 2021 59.61 0
Dec 2020 59.61 0
Sep 2020 59.61 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 15.489781824865% for the Past 3 years.
  • Company has been maintaining healthy ROE of 34.7432302004249% over the past 3 years.
  • Company has been maintaining healthy ROCE of 39.2895104767987% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 60.5909090909091.
  • The company has an efficient Cash Conversion Cycle of 19.7825012258298 days.
  • Company has a healthy liquidity position with current ratio of 2.10885885885886.
  • The company has a high promoter holding of 59.61%.

 Limitations

  • The company has shown a poor revenue growth of 7.01986234154108% for the Past 3 years.
  • The company is trading at a high PE of 65.32.
  • The company is trading at a high EV/EBITDA of 47.5724.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 1516 1550 1667 1604 2043
Total Expenditure 1183 1271 1363 1370 1702
Operating Profit 333 279 304 234 341
Other Income 19 145 77 108 29
Interest 6 5 5 6 6
Depreciation 26 26 27 28 24
Exceptional Items 0 -33 0 -27 0
Profit Before Tax 320 360 349 281 340
Tax 64 47 56 37 77
Profit After Tax 256 313 293 244 263
Adjusted EPS (Rs) 1.98 2.43 2.27 1.89 2.04

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 4850.75 5170 5971 5853 6337
Total Expenditure 3894.43 4257 4961 4736 5186
Operating Profit 956.32 913 1010 1117 1151
Other Income 262.25 218 301 309 349
Interest 12.98 8 24 33 22
Depreciation 63.87 65 104 113 107
Exceptional Items 0 -104 0 -19 -60
Profit Before Tax 1141.72 954 1183 1261 1311
Tax 299.02 236 54 254 205
Net Profit 842.7 718 1129 1007 1106
Adjusted EPS (Rs.) 6.53 5.57 8.75 7.81 8.57

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 129.05 129 129 129 129
Total Reserves 2795.2 2912 3360 2759 2906
Borrowings 0 0 0 0 0
Other N/C liabilities 22.83 28 -72 -31 -61
Current liabilities 816.14 951 1153 1131 1332
Total Liabilities 3763.22 4020 4570 3988 4306
Assets
Net Block 495.49 486 632 690 658
Capital WIP 7.94 25 42 55 14
Intangible WIP 0 0 0 0 0
Investments 1186.62 1080 1071 476 726
Loans & Advances 68.45 93 110 106 96
Other N/C Assets 1.29 1 1 13 3
Current Assets 2003.43 2335 2714 2648 2809
Total Assets 3763.22 4020 4570 3988 4306
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 1141.72 954 1183 1261 1311
Adjustment -148.28 0 -125 -120 -111
Changes in Assets & Liabilities -282.19 -304 -14 50 725
Tax Paid -240.58 -241 -259 -221 -243
Operating Cash Flow 470.67 409 785 970 1682
Investing Cash Flow 87.48 188 -79 128 -641
Financing Cash Flow -560.01 -603 -704 -1081 -1052
Net Cash Flow -1.86 -6 2 17 -11

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 59.61 59.61 59.61 59.61 59.52
harsh c mariwala 1.54 1.54 1.54 1.54 2.18
harsh c mariwala w... - - - - 11.14
harsh c mariwala w... 11.50 11.50 11.50 11.50 11.14
harsh c mariwala w... 11.50 11.50 11.50 11.50 11.14
harsh c mariwala w... 11.50 11.50 11.50 11.50 11.14
harsh c mariwala ... 11.50 11.50 11.50 11.50 -
rajvi h mariwala 2.20 2.20 2.20 2.20 2.20
rishabh h mariwala 1.94 1.93 1.93 1.93 1.93
archana h mariwala 1.82 1.82 1.82 1.82 1.31
ravindra.k.mariwala 1.08 1.08 - - 1.59
the bombay oil pri... 1.42 1.42 1.42 1.42 1.42
ravindra k mariwala - - 1.08 1.08 -
harshraj c mariwal... 0.95 0.95 0.95 0.95 -
anjali r mariwala 0.57 0.57 0.57 0.57 0.92
paula r mariwala 0.56 0.56 0.56 0.56 0.81
rajen k mariwala 0.43 0.43 0.43 0.43 0.59
hema k mariwala 0.59 0.59 0.59 0.59 0.59
rishabh mariwala w... - - - - 0.42
rishabh mariwala ... - - - - 0.42
kishore v mariwala 0.19 0.19 0.19 0.19 0.19
malika chirayu amin 0.14 0.14 0.14 0.14 0.14
pallavi jaikishan ... 0.14 0.14 0.14 0.14 0.14
preeti gautam shah 0.14 0.14 0.14 0.14 0.08
taarika rajen mari... - - - - 0.02
anandita rajen mar... - - - - 0.02
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 40.39 40.39 40.39 40.39 40.48
life insurance cor... 3.61 3.61 3.61 2.84 3.41
first state invest... 3.64 3.64 3.64 3.64 -
first sentier inve... - - - - 4.06
cartica capital ltd 2.59 2.26 - - -
arisaig india fund... 2.22 2.22 2.22 2.22 -
kuwait investment ... - 1.25 1.46 1.26 -
prazim trading and... 1.27 1.14 - - -
kuwait investment ... 1.19 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Marico informs about board meeting14 Oct 2021, 9:51AM Marico extends healthy foods portfolio29 Sep 2021, 12:45PM Marico informs about AGM proceedings31 Aug 2021, 4:13PM Marico aims 13-15% revenue growth in medium term28 Aug 2021, 10:33AM Marico informs about newspaper publication7 Aug 2021, 4:42PM Marico reports 7% fall in Q1 consolidated net profit30 Jul 2021, 4:50PM Marico acquires 60% stake in Apcos Naturals15 Jul 2021, 9:15AM Marico’s domestic business witnesses over 30% growth in April-June quarter3 Jul 2021, 11:27AM Marico ranks highest amongst FMCG companies in the recent ESG report by CRISIL3 Jul 2021, 10:55AM Marico informs about quarterly update2 Jul 2021, 2:50PM Marico informs about analysts meet8 Jun 2021, 12:04PM Marico informs about virtual conference4 Jun 2021, 2:33PM Marico submits newspaper publication 14 Apr 2021, 12:03PM Marico launches communication campaign for latest launch ‘Saffola Oodles’9 Apr 2021, 1:09PM Marico expects to deliver low double-digit bottomline growth in Q45 Apr 2021, 4:56PM Marico informs about outcome of board meeting3 Mar 2021, 1:21PM Marico expecting to deliver mid-teen growth in volume terms in next couple of quarters 22 Feb 2021, 12:38PM Marico launches ‘Saffola Oodles’20 Feb 2021, 11:57AM Marico to hold board meeting18 Feb 2021, 9:28AM Marico informs about outcome of board meeting27 Jan 2021, 3:28PM Marico informs about updates27 Jan 2021, 3:07PM Marico’s premium hair-nourishment brand launches unique campaign18 Jan 2021, 2:40PM Marico forays into plant-based protein category 4 Dec 2020, 2:22PM Marico launches Saffola Arogyam Chyawan Amrut Awaleha21 Oct 2020, 12:29PM Marico divests stake in Revofit25 Sep 2020, 11:30AM Marico forays into Ayurveda products through brand Saffola17 Sep 2020, 8:49AM Marico informs about proceedings of 32nd AGM29 Aug 2020, 10:28AM Marico launches protect range of surface disinfectant sprays7 Aug 2020, 2:51PM Marico informs about compliance certificate25 Jul 2020, 10:34AM Marico acquires balance stake of 55% in Zed Lifestyle1 Jul 2020, 9:11AM Marico launches KeepSafe18 Jun 2020, 1:54PM Marico launches hand sanitiser under Mediker brand17 Apr 2020, 10:44AM Marico expects decline in revenue due to COVID-19 lockdown9 Apr 2020, 12:56PM Marico partners with Swiggy, Zomato 4 Apr 2020, 10:54AM

Marico Stock Price Analysis and Quick Research Report. Is Marico an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Marico has a PE ratio of 65.3228708400562 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Marico has ROA of 26.6698818422956 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Marico has a Current ratio of 2.10885885885886 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Marico has a ROE of 37.6895552905095 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Marico has a D/E ratio of 0.0472 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Marico has an Inventory turnover ratio of 6.83415112855741 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Marico has reported revenue growth of 8.26926362549121 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Marico for the current financial year is 18.16316869181 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Marico is Rs 7.5 and the yield is 1.3329 %.

Brief about Marico

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