Is Marico a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Marico Ltd is a good quality company .

Is Marico undervalued or overvalued?

The key valuation ratios of Marico Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Marico share price return in the past 10 years?

Marico Ltd share price has appreciated 13.8% annually (CAGR) over the past ten years.

Is Marico a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Marico Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Marico Ltd - Stock Valuation and Financial Performance

Name: Marico
Brand: Marico

BSE: 531642 | NSE: MARICO | Consumer Food | Mid Cap

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Marico Share Price

₹596.60 4.40 0.74%
as on 18-Nov'24 16:59

10 Year X-Ray of Marico:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	39.4%	45.6%	47.4%	41.8%	42%	42.6%	44.8%	45%	45.2%	47.4%	-
Value Creation Index ⓘ	1.9	3.1	3.2	2.7	2.7	2.8	3.0	3.0	3.0	3.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	5,733	6,017	5,918	6,322	7,334	7,315	8,048	9,512	9,764	9,653	10,007
Sales YoY Gr.	-	5%	-1.7%	6.8%	16%	-0.3%	10%	18.2%	2.7%	-1.1%	-
Adj EPS ⓘ	4.4	5.7	6.4	6.3	8.4	8	8.8	9.5	9.9	11.5	12.3
YoY Gr.	-	29.3%	10.6%	-1.1%	33.6%	-4.3%	9%	8.5%	4.3%	16.6%	-
BVPS (₹) ⓘ	14.1	15.6	18	19.6	22.9	23.2	24.9	25.7	29.1	29.2	36
Adj Net Profit ⓘ	572	741	820	811	1,083	1,037	1,129	1,227	1,280	1,494	1,587
Cash Flow from Ops. ⓘ	665	818	649	516	1,062	1,214	2,007	1,016	1,419	1,436	-
Debt/CF from Ops. ⓘ	0.6	0.4	0.4	0.6	0.3	0.3	0.2	0.3	0.3	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6%	5.7%	6.3%	-1.1%
Adj EPS ⓘ	11.2%	6.6%	9.7%	16.6%
BVPSⓘ	8.4%	4.9%	5.4%	0.2%
Share Price	13.8%	10.8%	3.2%	12.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	35.9	38.6	37.8	33.3	39.2	34.6	36.1	37.3	35.8	39.2	37.7
Op. Profit Mgn % ⓘ	15.4	18.5	20.2	18	18.1	20	19.8	17.7	18.5	21	21
Net Profit Mgn % ⓘ	10.2	12.5	14.1	13	15	14.5	14.4	13.2	13.3	15.7	15.9
Debt to Equity ⓘ	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0
Working Cap Days ⓘ	93	96	101	103	104	106	87	74	83	93	80
Cash Conv. Cycle ⓘ	29	23	28	35	33	26	12	3	5	2	36

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 37.60%

Sales growth has been subdued in last 3 years 6.25%

Net Profit has been subdued in last 3 years 9.66%

Sales growth is not so good in last 4 quarters at 3.51%

Latest Financials - Marico Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.5	12.3
TTM Sales (₹ Cr.)	7,116	10,007
BVPS (₹.) ⓘ	34.6	36
Reserves (₹ Cr.) ⓘ	4,348	4,526
P/BV ⓘ	17.18	16.53
PE ⓘ	56.87	48.45

From the Market
52 Week Low / High (₹)	486.75 / 719.80
All Time Low / High (₹)	2.21 / 719.80
Market Cap (₹ Cr.)	76,939
Equity (₹ Cr.)	129.5
Face Value (₹)	1
Industry PE ⓘ	63.7

Management X-Ray of Marico:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

0.13

* Pledged shares as % of Promoter's holding (%)

Valuation of Marico

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Marico

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	5,733	6,017	5,918	6,322	7,334	7,315	8,048	9,512	9,764	9,653
Operating Expenses ⓘ	4,863	4,966	4,759	5,186	6,008	5,849	6,460	7,834	7,954	7,660
Manufacturing Costs	797	772	762	804	906	935	849	962	1,013	978
Material Costs	2,612	2,597	2,373	2,908	3,504	3,212	3,803	4,876	4,740	4,204
Employee Cost	325	373	404	422	466	478	570	586	653	743
Other Costs ⓘ	1,128	1,223	1,219	1,052	1,132	1,224	1,238	1,410	1,548	1,735
Operating Profit ⓘ	870	1,051	1,159	1,136	1,326	1,466	1,588	1,678	1,810	1,993
Operating Profit Margin (%)	15.2%	17.5%	19.6%	18.0%	18.1%	20.0%	19.7%	17.6%	18.5%	20.6%
Other Income ⓘ	59	94	97	85	103	127	97	101	144	175
Interest ⓘ	23	21	17	16	40	50	34	39	56	73
Depreciation ⓘ	84	95	90	88	131	140	139	139	155	158
Exceptional Items ⓘ	0	0	0	0	0	-29	13	0	0	0
Profit Before Tax ⓘ	822	1,029	1,149	1,117	1,257	1,374	1,523	1,601	1,743	1,937
Tax ⓘ	237	305	338	290	126	331	324	346	421	435
Profit After Tax	585	723	811	827	1,131	1,043	1,199	1,255	1,322	1,502
PAT Margin (%)	10.2%	12.0%	13.7%	13.1%	15.4%	14.3%	14.9%	13.2%	13.5%	15.6%
Adjusted EPS (₹)	4.5	5.5	6.2	6.3	8.6	7.9	9.1	9.5	10.1	11.5
Dividend Payout Ratio (%)	28%	122%	57%	67%	55%	85%	83%	97%	45%	83%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,822	2,011	2,318	2,532	2,957	2,998	3,211	3,321	3,756	3,763
Share Capital ⓘ	65	129	129	129	129	129	129	129	129	129
Reserves ⓘ	1,757	1,882	2,189	2,403	2,828	2,869	3,082	3,192	3,627	3,634
Minority Interest	14	14	13	12	12	13	18	57	157	337
Debt	334	153	239	309	349	335	348	345	475	383
Long Term Debt	169	0	0	20	14	10	8	0	2	0
Short Term Debt	165	153	239	289	335	325	340	345	473	383
Trade Payables	564	669	697	822	944	950	1,134	1,344	1,452	1,581
Others Liabilities ⓘ	392	720	356	397	446	515	613	532	960	1,289
Total Liabilities ⓘ	3,125	3,568	3,623	4,072	4,708	4,811	5,324	5,599	6,800	7,353
Fixed Assets
Gross Block	1,473	1,142	1,228	1,338	1,716	1,922	2,185	2,428	2,993	3,565
Accumulated Depreciation	377	85	166	248	430	539	590	690	763	856
Net Fixed Assetsⓘ	1,096	1,057	1,062	1,090	1,286	1,383	1,595	1,738	2,230	2,709
CWIP ⓘ	3	37	11	27	45	58	24	39	67	44
Investmentsⓘ	284	513	608	543	451	733	854	828	1,096	602
Inventories	995	926	1,253	1,511	1,411	1,380	1,126	1,412	1,225	1,336
Trade Receivables	177	252	247	340	517	539	388	652	1,015	1,069
Cash Equivalents	205	317	236	201	552	279	944	579	756	943
Others Assetsⓘ	366	466	206	360	446	439	393	351	411	650
Total Assets ⓘ	3,125	3,568	3,623	4,072	4,708	4,811	5,324	5,599	6,800	7,353

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	665	818	649	516	1,062	1,214	2,007	1,016	1,419	1,436
PBT ⓘ	822	1,029	1,149	1,117	1,257	1,374	1,523	1,601	1,743	1,937
Adjustment ⓘ	70	56	66	43	104	100	94	108	104	103
Changes in Working Capital ⓘ	-17	-20	-270	-349	21	30	675	-342	-59	-226
Tax Paid ⓘ	-210	-247	-296	-295	-320	-290	-285	-351	-369	-378
Cash Flow From Investing Activity ⓘ	-179	-197	-92	55	-334	-39	-938	425	-865	176
Capex	-58	-86	-81	-122	-143	-180	-137	-129	-157	-135
Net Investments	41	-128	-15	109	-260	24	-426	337	-389	148
Others ⓘ	-162	17	5	68	69	117	-375	217	-319	163
Cash Flow From Financing Activityⓘ	-625	-601	-574	-567	-698	-1,147	-1,058	-1,290	-560	-1,542
Net Proceeds from Shares ⓘ	1	1	0	0	0	0	6	41	9	34
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-23	-21	-17	-16	-39	-50	-34	-39	-53	-65
Dividend Paid ⓘ	-300	-502	-509	-549	-589	-894	-968	-1,195	-607	-1,229
Others ⓘ	-303	-78	-48	-2	-70	-203	-62	-97	91	-282
Net Cash Flow ⓘ	-140	20	-17	4	30	28	11	151	-6	70

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	36.76	37.75	37.47	34.1	41.21	35.03	38.62	38.43	37.36	39.95
ROCE (%)	39.35	45.64	47.43	41.81	41.95	42.58	44.79	45.03	45.16	47.36
Asset Turnover Ratio	1.88	1.8	1.65	1.79	1.81	1.69	1.75	1.93	1.78	1.57
PAT to CFO Conversion(x)	1.14	1.13	0.8	0.62	0.94	1.16	1.67	0.81	1.07	0.96
Working Capital Days
Receivable Days	13	13	15	16	20	24	19	18	28	34
Inventory Days	57	58	67	73	67	63	52	44	44	42
Payable Days	75	87	105	95	92	108	100	93	108	132

Marico Ltd Stock News

Marico Ltd FAQs

What is the share price of Marico?

Company share prices are keep on changing according to the market conditions. The closing price of Marico on 18-Nov-2024 16:59 is ₹596.6.

What is the market cap of Marico?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Marico stood at ₹76,939.

What is the P/E ratio of Marico?

The latest P/E ratio of Marico as of 18-Nov-2024 16:59 is 56.87.

What is the P/B ratio of Marico?

The latest P/B ratio of Marico as of 18-Nov-2024 16:59 is 17.18.

What is the 52-week high and low of Marico?

The 52-week high of Marico is ₹719.8 and the 52-week low is ₹486.8.

What is the TTM revenue of Marico?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marico is ₹7,116 ( Cr.) .

About Marico Ltd

Marico is one the leading company in FMCG sector incepted in year 1988. The company has created one of biggest brands in India. It is one of India's leading consumer products companies operating in the beauty and wellness space. Empowered with freedom and opportunity, it work to make a difference to the lives of all the stakeholders - members, associates, consumers, investors and the society at large. Currently present in many countries across emerging markets of Asia and Africa, Marico has nurtured multiple brands in the categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care. Marico's India business markets household brands such as Parachute, Parachute Advansed, Saffola, Hair & Care, Nihar, Nihar Naturals, Livon, Set Wet, Mediker and Revive among others that add value to the life of 1 in every 3 Indians. The International business offers unique brands such as Parachute, HairCode, Fiancée, Caivil, Hercules, Black Chic, Isoplus, Code 10, Ingwe, X-Men and Thuan Phat that are localized to fulfil the lifestyle needs of international consumers.

Business area of the company

Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.

Products

Parachute Coconut Oil
Parachute Advansed
Parachute Advansed Body Lotion
Saffola
Hair & Care
Livon
Nihar Naturals
Mediker
Revive
Studio X
Kaya Youth
Parachute Advansed Coconut Creme Oil
Mediker Anti Lice Treatment
Veggie Clean
KeepSafe
Protect
True Roots
Saffola Gourmet
Set Wet

Awards:

2005: Saffola Gold wins a Gold EFFIE for the advertising effectiveness of communication
2005: Saffola Gold wins a Grand EFFIE - Brand of the Year
2006: Saffola wins a Silver EFFIE under Consumer Products Category.
2007: Award for the Parachute Advansed Campaign - Gorgeous Hamesha.
2007: Nihar Naturals and Saffola win Bronze in the Consumer Products Category.
2007: Marico ‘Uncommon Sense' Campaign wins a Gold EFFIE in the Corporate Advertising Category.
2007: MOR wins Best New Publication and Best Newsletter Design Award.
2008: Saffola World Heart Day Campaign wins a Silver in the Integrated Advertising Campaign Category.
2008: Saffola wins a Silver in the Consumer Products Category.
2009: Mahathanda wins 3 silvers in the Print Category.
2009: Saffola wins Media Abby Gold for the World Heart Day Radio entry - 'Radio goes silent'.
2011: Parachute Advansed Ayurvedic Hair Oil selected for WARC Asia's 25 Best Brand Thinking Cases for 2011.
2011: Marketing Campaign Gold Medal for Saffolalife 'Young at Heart'.
2011: Saffola wins a Bronze for 'World Heart Day' Campaign.
2011: Nihar wins a Bronze for 'Jaani Na' Campaign.
2011: Parachute Advansed Ayurvedic wins a Silver for Real Recommendations Campaign.
2012: Hair Code wins an EFFIES MENA in Egypt.
2012: Hair Code wins a Silver in the Non-Food/FMCG Category.
2012: Parachute Advansed Ayurvedic Hair Oil wins a Gold at the Media Abby's in the Print Category.
2012: A Bronze in 'Rural Advertising' for Mediker.
2012: A Silver in 'Integrated Campaign' for Parachute Advansed Body Lotion.
2012: Best Presenter Awards for Saffola World Heart Day and Parachute Advansed Ayurvedic.
2012: A Gold for Saffola and a Silver for Parachute Advansed Ayurvedic.
2013: A Gold for Parachute Advansed Ayurvedic Hair Oil and a Silver for Parachute Advansed Body Lotion.
2013: Parachute Advansed Cooling Oil wins a Bronze for the 'Cop' television commercial.
2013: Nihar Naturals wins a Bronze for the 'E baar Durga Ki Korbe' in the Branded Content category.
2013: Saffola wins a Bronze for the ‘Super Dad’ creative in the Integrated Advertising Category.
2013: Parachute Advansed Ayurvedic wins a Gold in the Best Use of Print Category.
2014: Saffola Masala Oats won a Silver PR ABBY for The Other Side campaign at the Goafest 2014.
2014: Marico bagged a Certificate of Excellence for Saffola Masala Oats The Other Side Initiative.
2014: Nihar won a Bronze ABBY for the Nihar Shanti ‘Chotte Kadam Pragati ki Aur’ Initiative.
2015: Parachute Advansed Ayurvedic hair oil has won a Bronze Effie for the campaign 'Recommendation = Sharing'.
2015: Marico Brands won 4 EFFIES - 2 Golds for Saffola Masala Oats , 1 Bronze for Nihar and 1 Bronze for Parachute Advansed Ayurvedic.
2015: Marico won at the prestigious SABRE PR Awards 2015, Parachute Advansed won a Gold for Art of Oiling campaign.
2015: Saffolalife won 2 Awards at the Goafest Media ABBY Awards, ‘Best use of Ambient Media’ and Bronze for ‘Best Integrated Campaign'.
2015: 3 Gold & 2 Bronze for Saffola’s World Heart Day campaign, 2 Silvers for Saffola FitFoodie and 1 Bronze for Nihar Shanti Amla.
2015: Marico won a Gold each for Nihar Shanti Amla, Saffola Oats and Saffola Oil, Silver for Parachute Advansed.
2016: Gold for Saffolalife World Heart Day & Silver Saffola Fit Foodie campaign in Experiential Marketing category.
2016: Saffolalife ProtectHerHeart Wins Gold at India PR & Corporate Communication Awards.
2016: Saffolalife won a Silver and 2 Bronze, Nihar PCN won a Silver, Parachute Advansed Aromatherapy won a Bronze and Bio Oil received a Bronze.
2016: Saffola featured in the 11th edition of Afaqs’ India's Buzziest Brands amongst 60 brands.
2016: Marico won 4 STEVIEs at International Business Awards 2016, 1 Gold & 1 Silver for Saffolalife best marketing & PR campaign. Nihar Naturals won 1 Gold & 1 bronze for best marketing & PR campaign.
2017: Saffolalife's Campaign: protect her heart, has won a Gold in Continous Campaign (Metro Only) Category and Bronze in Intergrated Campaign category, awarded by the India PR & Corporate Communications awards (IPRCCA).
2017: Set Wet in Nepal wins Silver at Flame Awards 2017 in the experiential marketing campaign category.
2017: Saffolalife protect her heart wins Gold & Bronze from IPRCC for its PR Campaign.

Milestones:

1971: Harsh Mariwala, a young graduate, joins the family business - Bombay Oil Industries.
1974: Harsh envisions a branded FMCG market for coconut and refined edible oils in small consumer packs and sets up a national distribution network for Parachute.
1974: The ubiquitous Parachute blue bottle makes its first appearance in Harsh's first innovation.
1980: Traditional tin packs are replaced by plastic packs, pioneering an industry wide shift.
1990: Marico leadership co-creates its first Corporate Mission and Values document in the 3Ps of Marico.
1991: A company at birth articulates ‘who it wanted to be’ and ‘how it would like to go about doing it’.
1991: In the same year Marico launches Hair & Care a non-sticky hair oil repositioning the market leader through contemporary packaging. Sweekar sunflower oil goes national.
1992: Marico shifts headquarters from Masjid Bundar bazaar to upscale Bandra.
1993: Marico goes from being an exporter to an international marketer - sets up its first overseas office in Dubai.
1994: Revive cold water starch makes starching cottons more convenient for the Indian consumer.
1996: Marico lists on the Indian stock Exchange.
1999: Threat from an international giant galvanizes the company to protect its turf and goes on the offensive with ‘Parachute ki Kasam’.
1999: The company expands with its first overseas manufacturing facility in Bangladesh.
1999: Marico acquires Madiker in the same year.
2002: India’s first unisex top of the line dermatology led clinics. Marico ventures into skin care solutions from FMCG.
2003: Marico makes a difference - sets up copra collection center to produce directly from framers increasing their margins and thereby improving their lives.
2006: Nihar enters Marico’s fold.
2007: Marico cast its footprints in Africa- acquires Fiancee and hair code in Egypt and Caivil, Balck Chic and Hercules in South Africa.
2009: Marico makes a public offering of equity in Bangladesh a first for one its overseas subsidiaries.
2010: The south East Asia journey commences with code 10 male grooming in Malaysia and Derma Rx Skin care solutions in Singapore.
2010: India wake up to Saffola breakfast. Masala oats- yet another innovation from Marico.
2011: Parachute Advansed entered the skin-care category with the launch of Parachute Advansed Body Lotion (PABL), another innovation by Marico.
2011: Parachute Gold Hair Cream was launched in the Middle East market targeted to women and today has great equity amongst the consumer.
2011: Marico strengthens its presence S.E. Asia through a male grooming, skin care and food portfolio acquired in Vietnam.
2012: Get SetWet and Go.. India’s Gen Next styled by Marico.
2013: Kaya Skin Care business demerged from Marico. Establishes itself a separate entity.
2014: Marico group turnover crosses Rs 5000 crore.
2015: Marico’s Market Cap tops Rs 25,000 crore.
2020: Marico partners with Swiggy, Zomato.
2020: Marico launches hand sanitiser under Mediker brand.
2020: Marico launches KeepSafe, a range of premium personal and out of home hygiene products.
2020: Marico launches protect range of surface disinfectant sprays, strengthening its portfolio into the fast-growing segment of safety and hygiene after COVID-19.