Marico Share Price

Name: Marico
Brand: Marico

Large Cap

₹689.35

+ 3.85 (0.56%)

Advice
Hold

14 October, 2024 23:00 BSE: 531642 NSE: MARICO ISIN: INE196A01026

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Marico Performance

Day Range

Low 674
High 691

₹ 689

52 Week Range

Low 486
High 720

₹ 689

Open Price686
Previous Close686
Volume578035

Marico Chart

Over 1 Month + 1.09%
Over 3 Month + 6.04%
Over 6 Month + 33.97%
Over 1 Year + 27.14%

Marico Key Statistics

P/E Ratio	58.8
PEG Ratio	5
Market Cap Cr	89,253
Price to Book Ratio	21.4
EPS	8.2
Dividend	1.4
Relative Strength Index	51.57
Money Flow Index	62.74
MACD Signal	5.66
Average True Range	17.67

Marico F&O

Marico Futures Marico Option Chain

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 16% 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 58 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 72 indicates it belongs to a poor 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 poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Marico Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	1,886	1,637	1,733	1,791	1,841	1,702
Operating Expenses Qtr Cr	1,458	1,340	1,369	1,449	1,438	1,423
Operating Profit Qtr Cr	428	297	364	342	403	279
Depreciation Qtr Cr	28	27	29	26	25	31
Interest Qtr Cr	5	7	8	10	7	9
Tax Qtr Cr	102	62	78	83	101	65
Net Profit Qtr Cr	311	229	284	258	307	204

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	7,137	7,806
Operating Expenses Annual Cr	5,596	6,169
Operating Profit Annual in Cr	1,406	1,309
Depreciation Cr	107	109
Interest Annual Cr	32	36
Tax Annual Cr	324	313
Net Profit Annual Cr	1,078	1,179

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	1,044	1,002
Cash from Investing Activity Annual Cr	167	-346
Cash from Financing Annual Activity Cr	-1,194	-676
Net Cash Flow Annual Cr	17	-20

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	3,597	3,677
Fixed Assets Annual Cr	774	736
Total Non Current Assets Annual Cr	2,395	2,215
Total Current Assets Annual Cr	2,570	2,874
Total Assets Annual Cr	4,965	5,089

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	28	29
ROE Annual %	30	32
ROCE Annual %	39	41
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	22	22

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	2,643	2,278	2,422	2,476	2,477	2,240
Operating Expenses Qtr Cr	2,017	1,836	1,909	1,979	1,903	1,847
Operating Profit Qtr Cr	626	442	513	497	574	393
Depreciation Qtr Cr	41	41	42	39	36	43
Interest Qtr Cr	17	17	19	20	17	17
Tax Qtr Cr	131	79	109	116	131	96
Net Profit Qtr Cr	464	318	383	353	427	302

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	9,795	9,908
Operating Expenses Annual Cr	7,627	7,954
Operating Profit Annual in Cr	2,026	1,810
Depreciation Cr	158	155
Interest Annual Cr	73	56
Tax Annual Cr	435	421
Net Profit Annual Cr	1,481	1,302

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	1,436	1,419
Cash from Investing Activity Annual Cr	176	-929
Cash from Financing Annual Activity Cr	-1,542	-560
Net Cash Flow Annual Cr	70	-70

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	3,832	3,799
Fixed Assets Annual Cr	1,905	1,451
Total Non Current Assets Annual Cr	3,418	3,126
Total Current Assets Annual Cr	4,003	3,820
Total Assets Annual Cr	7,421	6,946

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	32	31
ROE Annual %	39	34
ROCE Annual %	40	40
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	22	20

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Marico Technicals

EMA & SMA

Current Price

₹689.35

+ 3.85 (0.56%)

Bullish Moving Average
___
11

Bearish Moving Average
___
5

EMA SMA

20 Day
₹688.97

50 Day
₹676.30

100 Day
₹650.74

200 Day
₹614.26

20 Day
₹694.22

50 Day
₹675.62

100 Day
₹654.84

200 Day
₹591.18

Marico Resistance and Support

PIVOT

₹684.64

Resistance
First Resistance	695.22
Second Resistance	701.08
Third Resistance	711.67

RSI	51.57
MFI	62.74
MACD Single Line	5.66
MACD	3.58

Support
First Support	678.77
Second Support	668.18
Third Supoort	662.32

Marico Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	597,232	23,077,044	38.64
Week	1,193,331	69,583,131	58.31
1 Month	2,527,591	149,077,308	58.98
6 Month	3,192,006	155,578,364	48.74

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	88,755
Sales	7,047
Shares in Float	53.08
No of funds	846
Yield	1.39

Book Value	24.59
U/D Vol ratio	1.3
LTDebt / Equity
Alpha	0.08
Beta	0.21

Marico Shareholding Pattern

Owner Name	Jun-24	Mar-24	Dec-23	Sep-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

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 ₹689 As on 14 October, 2024 | 22:46

What is the Market Cap of Marico ?

The Market Cap of Marico is ₹89253.1 Cr As on 14 October, 2024 | 22:46

What is the P/E ratio of Marico ?

The P/E ratio of Marico is 58.8 As on 14 October, 2024 | 22:46

What is the PB ratio of Marico ?

The PB ratio of Marico is 21.4 As on 14 October, 2024 | 22:46

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. You can also download our mobile app to begin your investment journey.

Marico Key Statistics

P/E Ratio	58.8
PEG Ratio	5
Market Cap Cr	89,253
Price to Book Ratio	21.4
EPS	8.2
Dividend	1.4
Relative Strength Index	51.57
Money Flow Index	62.74
MACD Signal	5.66
Average True Range	17.67

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