MARICO
Large Cap BSE: 531642 NSE: MARICO
₹503.85
2.35 (0.47%)
  • Advice
  • Hold
As on 04 December, 2022 | 12:57

Marico Performance

Day Range

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  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Marico Share Price

Marico Share Returns

  • Over 1 Month -4.91%
  • Over 3 Month -3.76%
  • Over 6 Month -2.68%
  • Over 1 Year -5.44%

Marico Key Statistics

P/E Ratio 52.7
PEG Ratio 14.9
Market Cap Cr 65,147
Price to Book Ratio 19
EPS 9
Dividend 1.2
Relative Strength Index 50.79
Money Flow Index 45.3
MACD Signal -6.52
Average True Range 10.21

Marico Investment Rating

  • Master Rating:
  • Marico has an operating revenue of Rs. 9,622.00 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 17% is great, ROE of 36% 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It is currently FORMING a base in its weekly chart and is trading around 17% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 64 which is a FAIR score but needs to improve its earnings, a RS Rating of 32 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 106 indicates it belongs to a poor industry group of Cosmetics/Personal Care and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Marico Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 1,9091,9761,6861,8551,9162,0431,604
Operating Expenses Qtr Cr 1,6011,5941,4391,5561,6201,7021,370
Operating Profit Qtr Cr 308382247299296341234
Depreciation Qtr Cr 25252426232428
Interest Qtr Cr 10888866
Tax Qtr Cr 70944861647737
Net Profit Qtr Cr 334387293278329263244

Marico Technicals

EMA & SMA

Current Price
503.85
2.35 (0.47%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 500.43
  • 50 Day
  • 508.25
  • 100 Day
  • 511.5
  • 200 Day
  • 510.65
  • 20 Day
  • 497.91
  • 50 Day
  • 514.43
  • 100 Day
  • 515.82
  • 200 Day
  • 510.52

Marico Resistance and Support

PIVOT
₹504.04
Resistance
First Resistance 507.42
Second Resistance 513.34
Third Resistance 516.72
RSI 50.79
MFI 45.3
MACD Single Line -6.52
MACD -4.29
Support
First Resistance 498.12
Second Resistance 494.74
Third Resistance 488.82

Marico Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,586,468 101,613,275 64.05
Week 2,493,055 145,893,579 58.52
1 Month 1,967,059 109,742,230 55.79
6 Month 1,578,858 84,547,872 53.55

Marico Result Highlights

Marico Synopsis

NSE-Cosmetics/Personal Care

Marico Ltd. is involved in the business activities of Manufacture of hair oil, shampoo, hair dye etc. (includes manufacture of shampoos, hair sprays, hair fixers, hair oils, hair creams, hair dyes and bleaches and preparations for permanent waving or straightening of the hair etc.). Company’s Total Operating Revenue is Rs. 7500.00 Cr. and Equity Capital is Rs. 129.00 Cr. for the Year ended 31/03/2022. 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 65,147
Sales 7,426
Shares in Float 53.01
No of funds 829
Yield 1.84
Book Value 21.31
U/D Vol ratio 0.9
LTDebt / Equity
Alpha -0.03
Beta 0.69

Marico

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 59.48%59.48%59.49%
Mutual Funds 2.91%2.75%2.89%
Insurance Companies 5.79%5.58%5.55%
Foreign Portfolio Investors 25%25.16%25.11%
Financial Institutions/ Banks 0.01%0.23%0.23%
Individual Investors 4.23%4.29%4.36%
Others 2.58%2.51%2.37%

Marico Management

Name Designation
Mr. Harsh Mariwala Chairman & Non-Exe.Director
Mr. Saugata Gupta Managing Director & CEO
Mr. Rajendra Mariwala Non Executive Director
Mr. Rishabh Mariwala Non Executive Director
Mr. Nikhil Khattau Lead Independent Director
Ms. Hema Ravichandar Independent Director
Mr. Nayantara Bali Independent Director
Mr. Ananth Sankaranarayanan Independent Director
Mr. Milind Barve Independent Director
Mr. Apurva Purohit Independent Director
Mr. Rajeev Vasudeva 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
2022-11-04 Quarterly Results
2022-08-06 Quarterly Results
2022-05-05 Audited Results
2022-01-28 Quarterly Results & 2nd Interim Dividend
2021-10-28 Quarterly Results & Interim Dividend
Date Purpose Remarks
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
2021-03-12 INTERIM Rs.4.50 per share(450%)Second Interim Dividend

Marico MF Shareholding

Name Amount(cr)
UTI Flexi Cap Fund Regular Plan Growth 26133
Kotak Equity Arbitrage Fund Growth 22082
Kotak Balanced Advantage Fund Regular Growth 14553
Nippon India Large Cap Fund - Growth 12534
ICICI Prudential Equity Arbitrage Fund Regular Growth 10891

About Company

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 Rs 5000 crores.

2015 - Marico’s Market Cap tops Rs 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 ₹503 As on 04 December, 2022 | 12:43

What is the Market Cap of Marico ?

The Market Cap of Marico is ₹65146.8 Cr As on 04 December, 2022 | 12:43

What is the P/E ratio of Marico ?

The P/E ratio of Marico is 52.7 As on 04 December, 2022 | 12:43

What is the PB ratio of Marico ?

The PB ratio of Marico is 19 As on 04 December, 2022 | 12:43

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?

You can easily buy Marico’s shares by creating a Demat account with 5Paisa.

Q2FY23