MARICO

Marico Share Price

₹698.2
+ 0.3 (0.04%)
  • Advice
  • Hold
09 October, 2024 18:19 BSE: 531642 NSE: MARICO ISIN: INE196A01026

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Marico Performance

Day Range

  • Low 692
  • High 703
₹ 698

52 Week Range

  • Low 486
  • High 720
₹ 698
  • Open Price700
  • Previous Close698
  • Volume1272191

Marico Chart

  • Over 1 Month + 4.95%
  • Over 3 Month + 8.87%
  • Over 6 Month + 34.53%
  • Over 1 Year + 29.91%

Marico Key Statistics

P/E Ratio 59.6
PEG Ratio 5.1
Market Cap Cr 90,399
Price to Book Ratio 21.6
EPS 8.2
Dividend 1.4
Relative Strength Index 56.27
Money Flow Index 67.1
MACD Signal 7.2
Average True Range 17.96

Marico Investment Rating

  • Master Rating:
  • Marico has an operating revenue of Rs. 9,819.00 Cr. on a trailing 12-month basis. An annual revenue de-growth of -1% needs improvement, Pre-tax margin of 20% is great, ROE of 38% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 15% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 56 which is a POOR score indicating inconsistency in earnings, a RS Rating of 63 which is FAIR indicating the recent price performance, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 56 indicates it belongs to a fair industry group of Cosmetics/Personal Care and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Marico Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 1,8861,6371,7331,7911,8411,702
Operating Expenses Qtr Cr 1,4581,3401,3691,4491,4381,423
Operating Profit Qtr Cr 428297364342403279
Depreciation Qtr Cr 282729262531
Interest Qtr Cr 5781079
Tax Qtr Cr 10262788310165
Net Profit Qtr Cr 311229284258307204
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 7,1377,806
Operating Expenses Annual Cr 5,5966,169
Operating Profit Annual in Cr 1,4061,309
Depreciation Cr 107109
Interest Annual Cr 3236
Tax Annual Cr 324313
Net Profit Annual Cr 1,0781,179
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 1,0441,002
Cash from Investing Activity Annual Cr 167-346
Cash from Financing Annual Activity Cr -1,194-676
Net Cash Flow Annual Cr 17-20
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 3,5973,677
Fixed Assets Annual Cr 774736
Total Non Current Assets Annual Cr 2,3952,215
Total Current Assets Annual Cr 2,5702,874
Total Assets Annual Cr 4,9655,089
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 2829
ROE Annual % 3032
ROCE Annual % 3941
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2222
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 2,6432,2782,4222,4762,4772,240
Operating Expenses Qtr Cr 2,0171,8361,9091,9791,9031,847
Operating Profit Qtr Cr 626442513497574393
Depreciation Qtr Cr 414142393643
Interest Qtr Cr 171719201717
Tax Qtr Cr 1317910911613196
Net Profit Qtr Cr 464318383353427302
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 9,7959,908
Operating Expenses Annual Cr 7,6277,954
Operating Profit Annual in Cr 2,0261,810
Depreciation Cr 158155
Interest Annual Cr 7356
Tax Annual Cr 435421
Net Profit Annual Cr 1,4811,302
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 1,4361,419
Cash from Investing Activity Annual Cr 176-929
Cash from Financing Annual Activity Cr -1,542-560
Net Cash Flow Annual Cr 70-70
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 3,8323,799
Fixed Assets Annual Cr 1,9051,451
Total Non Current Assets Annual Cr 3,4183,126
Total Current Assets Annual Cr 4,0033,820
Total Assets Annual Cr 7,4216,946
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 3231
ROE Annual % 3934
ROCE Annual % 4040
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2220

Marico Technicals

EMA & SMA

Current Price
₹698.2
+ 0.3 (0.04%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹688.85
  • 50 Day
  • ₹674.03
  • 100 Day
  • ₹647.51
  • 200 Day
  • ₹611.19
  • 20 Day
  • ₹692.74
  • 50 Day
  • ₹674.72
  • 100 Day
  • ₹650.99
  • 200 Day
  • ₹588.04

Marico Resistance and Support

PIVOT
₹690.95
Resistance
First Resistance 706.55
Second Resistance 715.20
Third Resistance 730.80
RSI 56.14
MFI 64.63
MACD Single Line 7.52
MACD 5.83
Support
First Support 682.30
Second Support 666.70
Third Supoort 658.05

Marico Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 2,828,207 195,231,129 69.03
Week 2,876,677 142,970,847 49.7
1 Month 2,843,041 162,877,824 57.29
6 Month 3,187,016 155,367,052 48.75

Marico Result Highlights

Marico Synopsis

NSE-Cosmetics/Personal Care

Marico Ltd. is involved in the business activities of Manufacture of vegetable oils and fats excluding corn oil. Company’s Total Operating Revenue is Rs. 7002.00 Cr. and Equity Capital is Rs. 129.00 Cr. for the Year ended 31/03/2024. Marico Ltd. is a Public Limited Listed company incorporated on 13/10/1988 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L15140MH1988PLC049208 and registration number is 049208.
Market Cap 90,360
Sales 7,047
Shares in Float 53.08
No of funds 846
Yield 1.36
Book Value 25.03
U/D Vol ratio 1.2
LTDebt / Equity
Alpha 0.09
Beta 0.21

Marico Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 59.28%59.35%59.39%59.4%
Mutual Funds 5.04%3.12%3.08%2.99%
Insurance Companies 5.91%6.02%5.72%5.48%
Foreign Portfolio Investors 24.61%25.55%25.69%25.91%
Financial Institutions/ Banks 0.04%0.01%
Individual Investors 3.84%4.12%4.07%3.95%
Others 1.28%1.84%2.04%2.27%

Marico Management

Name Designation
Mr. Harsh Mariwala Chairman & Non-Exe.Director
Mr. Saugata Gupta Managing Director & CEO
Mr. Nikhil Khattau Non Executive Director
Mr. Rishabh Mariwala Non Executive Director
Mr. Rajendra Mariwala Non Executive Director
Mr. Ananth Sankaranarayanan Independent Director
Mr. Milind Barve Independent Director
Mr. Rajeev Vasudeva Independent Director
Ms. Apurva Purohit Independent Director
Ms. Nayantara Bali Independent Director
Mr. Rajan Bharti Mittal Independent Director

Marico Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Marico Corporate Action

Date Purpose Remarks
2024-10-29 Quarterly Results
2024-08-05 Quarterly Results
2024-05-06 Audited Results
2024-01-29 Quarterly Results
2023-10-30 Quarterly Results & Interim Dividend
Date Purpose Remarks
2024-03-06 INTERIM Rs.6.50 per share(650%)Second Interim Dividend
2023-11-07 INTERIM Rs.3.00 per share(300%)Interim Dividend
2023-03-08 INTERIM Rs.4.50 per share(450%)Interim Dividend
2022-02-07 INTERIM Rs.6.25 per share(625%)Second Interim Dividend
2021-11-09 INTERIM Rs.3.00 per share(300%)Interim Dividend

About Marico

Marico is one of India’s leading names in the FMCG sector. The company holds multiple brands in the categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care. Its brands such as Parachute, Saffola, Hair & Care, Nihar, Livon, Mediker, etc. add value to the life of 1 in every 3 Indians. Its international portfolio includes brands such as Fiancée, Caivil, Hercules, Black Chic, Isoplus, Code 10, Ingwe, X-Men and Thuan Phat. These products are localized to fulfil the lifestyle needs of international consumers. It operates across 25 countries globally, including Bangladesh, Vietnam, Malaysia, Egypt, South Africa and the Middle East.

Business Verticals

Listed below are Marico’s product categories and some famous brands associated with them:

1. Coconut Oil - Parachute, Nihar Naturals.
2. Super-premium refined edible oils - Saffola.
3. Value-added hair oils - Parachute Advanced, Nihar Naturals, Hair & Care.
4. Healthy foods - Saffola oats, Coco Soul. Coconut oil, Saffola FITTIFY Gourmet Range.
5. Premium Hair Nourishment - Livon, Hair & Care, Caivil, Black Chic, Isoplus, Detangler, etc.
6. Male Grooming & Styling - Set Wet, Beardo, Parachute.
7. Skin Care - Kaya Youth, Parachute Advanced.
8. Hygiene - Mediker, Veggie Clean.
 

Company History

In 1971, Harsh Mariwala, then a young graduate, joined his family business by the name of Bombay Oil Industries. In 1974, he introduced the iconic Parachute coconut oil, and in 1990, the brand Marico was born. Currently, 95% of the company's brands are leading players in their market, i.e. either a No. 1 or No. 2 spot in terms of market share.

Over the last 14 years, the company has completed 13 acquisitions of brands such as Fiancee, Caivil, X-Men, Set-wet, and Livon.

Milestones

1971 - Harsh Mariwala joins the family business - Bombay Oil Industries.

1974 - Harsh sets up a national distribution network for Parachute, and the infamous blue bottle makes its first appearance.

1980 - Plastic packs replaced the traditional tin packs, pioneering an industry-wide shift.

1990 - The 3Ps of Marico are co-created by the leadership in its first Corporate Mission and Values document.

1991 - Marico launches Hair & Care hair oil. Sweekar sunflower oil was launched.

1993 - Marico sets up its first overseas office in Dubai.

1996 - Marico gets listed on the Indian Stock Exchange.

1999 - It faced threat from an international giant and to protect its turf it goes on the offensive with ‘Parachute ki Kasam’.

1999 - The company expanded with its first overseas manufacturing facility in Bangladesh. Marico acquired Mediker in the same year.

2002 - Marico ventured into the skin care solutionswith India’s first unisex dermatology-led clinics. 

2003 - Sets up copra collection centre to produce directly from framers increasing their margins and thereby improving their lives.

2007 - Marico acquires Fiancée and hair code in Egypt and Caivil, Balck Chic and Hercules in South Africa.

2009 - Marico publicly offers equity in Bangladesh for one of its overseas subsidiaries.

2010 - Started its South East Asia journey with code 10 male grooming in Malaysia and Derma Rx Skincare solutions in Singapore. Launched Saffola breakfast Masala oats, yet another innovation from Marico.

2011 - Parachute Advanced entered the skincare category with the launch of Parachute Advanced Body Lotion (PABL).

2011 - Parachute Gold Hair Cream was launched in the Middle East market targeted to women and today has great equity amongst the consumer. Marico strengthens its presence in S.E. Asia through male grooming, skincare and food portfolio acquired in Vietnam.

2012 - Get SetWet and Go. India’s Gen Next is styled by Marico.

2013 - Kaya Skin Care business demerged from Marico. Establishes itself as a separate entity.

2014 - Marico group turnover crosses ₹5,000 crores.

2015 - Marico’s Market Cap tops ₹25,000 crores.

2020 - Marico partners with Swiggy, Zomato; launches hand sanitiser under the Mediker brand, KeepSafe, a range of premium personal and out-of-home hygiene products along with surface disinfectant sprays, strengthening its portfolio into the fast-growing segment of safety and hygiene after COVID-19.

Marico FAQs

What is Share Price of Marico ?

Marico share price is ₹698 As on 09 October, 2024 | 18:05

What is the Market Cap of Marico ?

The Market Cap of Marico is ₹90398.9 Cr As on 09 October, 2024 | 18:05

What is the P/E ratio of Marico ?

The P/E ratio of Marico is 59.6 As on 09 October, 2024 | 18:05

What is the PB ratio of Marico ?

The PB ratio of Marico is 21.6 As on 09 October, 2024 | 18:05

What were the company's reported sales and net income in 2022?

Marico reported consolidated sales of INR 9512 crores and a net income of INR 1225 crores for the FY 2021-22. Its standalone sales and net profit for the same period were INR 7500 crores and INR 1163 crores respectively.
 

What is the future of Marico Limited's shares?

Most analysts hold a positive view of Marico’s performance. It maintains a good profit growth, good liquidity position and reasonably high promoter holding.

How to buy Marico Limited’s shares?

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Q2FY23