MARICO
₹505.3
-1.1 (-0.22%)
  • Advice
  • Hold
21 April, 2024 03:21 BSE: 531642 NSE: MARICOISIN: INE196A01026

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Marico Performance

Day Range

  • Low 502
  • High 508
₹ 505

52 Week Range

  • Low 463
  • High 595
₹ 505
  • Open Price504
  • Previous Close506
  • Volume1090283

Marico Share Price

  • Over 1 Month +3.11%
  • Over 3 Month -4.71%
  • Over 6 Month -7.64%
  • Over 1 Year +7.94%

Marico Key Statistics

P/E Ratio 44.6
PEG Ratio 2.6
Market Cap Cr 65,391
Price to Book Ratio 16.5
EPS 9.1
Dividend 1.9
Relative Strength Index 48.21
Money Flow Index 50.23
MACD Signal -1.71
Average True Range 10.43
Marico Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 1,7331,7911,8411,702
Operating Expenses Qtr Cr 1,3691,4491,4381,423
Operating Profit Qtr Cr 364342403279
Depreciation Qtr Cr 29262531
Interest Qtr Cr 81079
Tax Qtr Cr 788310165
Net Profit Qtr Cr 284258307204
IndicatorMar 2023
Total Revenue Annual Cr 7,806
Operating Expenses Annual Cr 6,169
Operating Profit Annual in Cr 1,309
Depreciation Cr 109
Interest Annual Cr 36
Tax Annual Cr 313
Net Profit Annual Cr 1,179
IndicatorMar 2023
Cash from Operating Activity Annual Cr 1,002
Cash from Investing Activity Annual Cr -346
Cash from Financing Annual Activity Cr -676
Net Cash Flow Annual Cr -20
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 3,677
Fixed Assets Annual Cr 736
Total Non Current Assets Annual Cr 2,215
Total Current Assets Annual Cr 2,874
Total Assets Annual Cr 5,089
IndicatorMar 2023
Book Value Per Share Annual Rs 29
ROE Annual % 32
ROCE Annual % 41
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 22
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 2,4222,4762,4772,240
Operating Expenses Qtr Cr 1,9091,9791,9031,847
Operating Profit Qtr Cr 513497574393
Depreciation Qtr Cr 42393643
Interest Qtr Cr 19201717
Tax Qtr Cr 10911613196
Net Profit Qtr Cr 383353427302
IndicatorMar 2023
Total Revenue Annual Cr 9,908
Operating Expenses Annual Cr 7,954
Operating Profit Annual in Cr 1,810
Depreciation Cr 155
Interest Annual Cr 56
Tax Annual Cr 421
Net Profit Annual Cr 1,302
IndicatorMar 2023
Cash from Operating Activity Annual Cr 1,419
Cash from Investing Activity Annual Cr -929
Cash from Financing Annual Activity Cr -560
Net Cash Flow Annual Cr -70
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 3,799
Fixed Assets Annual Cr 1,451
Total Non Current Assets Annual Cr 3,126
Total Current Assets Annual Cr 3,820
Total Assets Annual Cr 6,946
IndicatorMar 2023
Book Value Per Share Annual Rs 31
ROE Annual % 34
ROCE Annual % 40
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 20

Marico Technicals

EMA & SMA

Current Price
₹505.3
-1.1 (-0.22%)
pointer
  • Bullish Moving Average
  • ___
  • 2
  • Bearish Moving Average
  • ___
  • 14
  • 20 Day
  • ₹506.60
  • 50 Day
  • ₹511.92
  • 100 Day
  • ₹519.99
  • 200 Day
  • ₹525.55
  • 20 Day
  • ₹502.44
  • 50 Day
  • ₹513.09
  • 100 Day
  • ₹523.15
  • 200 Day
  • ₹537.13

Marico Resistance and Support

PIVOT
₹505.1
Resistance
First Resistance 508.20
Second Resistance 511.10
Third Resistance 514.20
RSI 48.21
MFI 50.23
MACD Single Line -1.71
MACD -0.40
Support
First Resistance 502.20
Second Resistance 499.10
Third Resistance 496.20

Marico Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,123,434 70,652,764 62.89
Week 1,749,874 96,750,547 55.29
1 Month 1,442,290 82,340,323 57.09
6 Month 1,560,428 96,730,936 61.99

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. 7478.00 Cr. and Equity Capital is Rs. 129.00 Cr. for the Year ended 31/03/2023. 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 65,391
Sales 7,067
Shares in Float 53.06
No of funds 824
Yield 1.87
Book Value 17.73
U/D Vol ratio 0.7
LTDebt / Equity
Alpha -0.03
Beta 0.49

Marico

Owner NameMar-24Dec-23Sep-23Jun-23
Promoters 59.35%59.39%59.4%59.42%
Mutual Funds 3.12%3.08%2.99%3.29%
Insurance Companies 6.02%5.72%5.48%5.61%
Foreign Portfolio Investors 25.55%25.69%25.91%24.96%
Financial Institutions/ Banks 0.01%
Individual Investors 4.12%4.07%3.95%4.14%
Others 1.84%2.04%2.27%2.58%

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
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
2024-05-06 Audited Results
2024-01-29 Quarterly Results
2023-10-30 Quarterly Results & Interim Dividend
2023-07-28 Quarterly Results
2023-05-05 Audited Results
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 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 ₹505 As on 21 April, 2024 | 03:07

What is the Market Cap of Marico ?

The Market Cap of Marico is ₹65391 Cr As on 21 April, 2024 | 03:07

What is the P/E ratio of Marico ?

The P/E ratio of Marico is 44.6 As on 21 April, 2024 | 03:07

What is the PB ratio of Marico ?

The PB ratio of Marico is 16.5 As on 21 April, 2024 | 03:07

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