Marico
Marico Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Marico Limited, framed against the sector median so the premium or discount is obvious at a glance.
Marico Limited trades at a P/E of 60.35× and P/B of 25.25×, against the Fast Moving Consumer Goods sector median P/E of 33.76×.
Valuation
Profitability
Growth
Financial Health
Marico Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Marico Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Marico Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Marico Limited, switchable between annual and quarterly views, consolidated or standalone.
Marico Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,06,558.55 Cr and reported EPS of ₹13.63.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 6,333 | 7,334 | 7,315 | 8,048 | 9,512 | 9,764 | 9,653 | 10,831 | 13,611 |
| Other Income | 85 | 103 | 124 | 94 | 98 | 144 | 142 | 208 | 204 |
| Total Income | 6,418 | 7,437 | 7,439 | 8,142 | 9,610 | 9,908 | 9,795 | 11,039 | 13,815 |
| Cost of Goods Sold (COGS) | 3,348 | 4,017 | 3,745 | 4,270 | 5,436 | 5,351 | 4,748 | 5,388 | 7,559 |
| Gross Profit | 2,985 | 3,317 | 3,570 | 3,778 | 4,076 | 4,413 | 4,905 | 5,443 | 6,052 |
| +Operating Expenses | 1,847 | 2,036 | 2,101 | 2,187 | 2,395 | 2,603 | 2,879 | 3,304 | 3,724 |
| EBITDA | 1,138 | 1,281 | 1,469 | 1,591 | 1,681 | 1,810 | 2,026 | 2,139 | 2,328 |
| +Non-Operating Expenses | 105 | 120 | 161 | 186 | 178 | 211 | 231 | 231 | 255 |
| Profit Before Tax (PBT) | 1,117 | 1,264 | 1,374 | 1,525 | 1,601 | 1,743 | 1,937 | 2,116 | 2,277 |
| +Tax Expense | 290 | 128 | 331 | 324 | 346 | 421 | 435 | 458 | 464 |
| Total Profit for Period | 827 | 1,135 | 1,043 | 1,199 | 1,255 | 1,322 | 1,502 | 1,658 | 1,813 |
| Less: Non-controlling Interests | 13 | 17 | — | 27 | 30 | 20 | 21 | 29 | 51 |
| Net Profit (Owner's PAT) | 814 | 1,118 | 1,043 | 1,172 | 1,225 | 1,302 | 1,481 | 1,629 | 1,762 |
| Earnings Per Share (EPS) | 6.31 | 8.66 | 8.08 | 9.08 | 9.48 | 10.07 | 11.44 | 12.57 | 13.57 |
| Diluted Shares Outstanding (Nos.) | 129 | 129 | 129 | 129 | 129 | 129 | 129 | 130 | 130 |
| +Additional Disclosures | 8,664 | 10,188 | 9,823 | 10,930 | 13,510 | 13,504 | 12,554 | 14,266 | 19,215 |
| Sales Growth % | — | 15.80 | -0.26 | 10.02 | 18.19 | 2.65 | -1.14 | 12.20 | 25.67 |
| YoY Sales Growth % | — | 15.80 | -0.26 | 10.02 | 18.19 | 2.65 | -1.14 | 12.20 | 25.67 |
| Material Cost % | 53 | 54 | 47 | 48 | 53 | 48 | 41 | 42 | 46 |
| Employee Cost % | 7 | 6 | 7 | 7 | 6 | 7 | 8 | 8 | 7 |
| Other Cost % | 22 | 21 | 22 | 20 | 19 | 20 | 22 | 23 | 21 |
| OPM % | 18 | 17 | 20 | 20 | 18 | 19 | 21 | 20 | 17 |
| Tax % | 26 | 10 | 24 | 21 | 22 | 24 | 22 | 22 | 20 |
| Profit Growth % | — | 37.26 | -6.71 | 12.37 | 4.52 | 6.29 | 13.75 | 9.99 | 8.16 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 1,049 | 1,185 | 1,329 | 1,452 | 1,542 | 1,655 | 1,868 | 1,961 | 2,126 |
Marico segment analysis: revenue and profit mix.
Disclosed business segments at Marico with their share of revenue and profit, switchable between consolidated and standalone reporting.
Marico discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Marico Limited.
Our AI distills the core fundamental drivers supporting Marico Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Marico Limited's investment case rests on 7 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
Marico exhibits strong profitability with an impressive Return on Equity (ROE) of 41.30% and Return on Capital Employed (ROCE) of 45.20%, showcasing efficient use of capital and robust operational efficiency.
Marico shows consistent growth, with quarterly sales up by 23.30% and profits rising 8.62%. This indicates a robust market presence and strong demand for its products, driving sustained financial performance.
A significant promoter holding of 58.9% reflects strong leadership confidence and reduces hostile takeover risks, indicating a long-term commitment to the company's sustained success.
A very low debt-to-equity ratio of 0.14 indicates a strong balance sheet and low financial risk, providing stability and flexibility for future investments and growth initiatives.
The Fast Moving Consumer Goods (FMCG) sector, where Marico operates, is poised for long-term growth. Increasing disposable incomes and urbanization trends offer significant opportunities for market expansion.
What can break it.
Marico's Price-to-Book (P/B) ratio of 23.50 is considerably higher than the industry average, suggesting potential overvaluation relative to its net asset value, which may concern value-oriented investors.
The stock's 52-week range from 577.85 to 759.00 indicates considerable price volatility. This fluctuation presents a risk for investors with lower risk tolerance, requiring careful consideration.
A slight decline in promoter shareholding from 59.48% (2022-09) to 58.94% (2025-09) warrants monitoring. This trend could signal a potential shift in confidence or future strategic changes.
Marico's high P/E ratio of 56.10, compared to the sector PE of 54.24, suggests the stock is richly valued. This valuation might limit upside potential if growth expectations are not consistently met.
The FMCG sector faces intense competition from numerous domestic and international players. This competitive pressure could lead to pricing wars, impacting Marico's market share and overall profitability.
What would change my mind.
Trim if P/E re-rates above 78 (~2.3× the sector multiple of 33.8). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 36%. The operating engine is no longer compounding capital efficiently.
Marico Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Marico Limited is highlighted for quick read-across.
Quick Compare
Marico Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Marico Limited — derived from the live tape, not yesterday's close.
Marico Limited last traded at ₹827.35 with an intraday range of ₹818.25–₹827.6 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹827.35| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 849.25 | +21.90 | +2.65% |
| R3 | 839.90 | +12.55 | +1.52% |
| R2 | 833.75 | +6.40 | +0.77% |
| R1 | 830.55 | +3.20 | +0.39% |
| PIVOT | 824.40 | -2.95 | -0.36% |
| CURRENT | 827.35 | — | — |
| S1 | 802.50 | -24.85 | -3.00% |
| S2 | 811.85 | -15.50 | -1.87% |
| S3 | 815.05 | -12.30 | -1.49% |
| S4 | 821.20 | -6.15 | -0.74% |
MARICO is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 818.25 ~ 823.15
Trading Inside opening range
Marico Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Marico Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Marico Limited stood at 62.1% of traded volume, against a 20-day average of 60.5%.
Marico announcements: results, concalls, ratings, M&A.
Filings Marico sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Marico files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 175 documents below.
ESOP/ESOS/ESPS
Marico Limited has informed the Exchange regarding Allotment of 54734 Shares.
Press Release
Please find attached a press release by Marico Limited, titled "Marico enters the hair cleansing segment with Parachute Advansed Protein Shampoo,…
Copy of Newspaper Publication
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the copies of the…
Shareholders meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the postal…
Copy of Newspaper Publication
Pursuant to Regulation 47 of the SEBI Listing Regulations, please find enclosed the newspaper extract of the audited consolidated financial results…
Investor decks & rating reports.
General Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Marico dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Marico has declared, sequenced by announce and record date.
Marico corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Marico Limited: business, sector, key facts.
What Marico Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Marico Limited operates in the Edible Oil industry under the Fast Moving Consumer Goods sector, listed as NSE: MARICO, BSE: 531642.
Marico Limited is a prominent Indian consumer goods company, established in 1988 and headquartered in Mumbai. Its core business revolves around the manufacturing and sale of a diverse range of consumer products across numerous categories, catering to a wide spectrum of consumer needs and preferences.
The company's product portfolio is extensive and spans several key areas. In the personal care segment, Marico offers a comprehensive selection of hair care products, including coconut oils, hair oils, shampoos, conditioners, hair creams, gels, serums, and treatments for lice. They also produce a range of skincare products, encompassing face and body care items. Furthermore, the company's offerings extend to male and female grooming products, encompassing deodorants and styling aids.
Beyond personal care, Marico has a significant presence in the food and beverage industry. Their brands provide a range of edible oils, processed foods, and functional food products designed to cater to health-conscious consumers. This includes products focused on immunity support and convenient meal solutions.
The company's success is built upon a strong brand portfolio, encompassing well-known and trusted names such as Parachute, Saffola, and Set Wet in India, and internationally recognized brands like Parachute Advansed and others. This brand recognition contributes significantly to market penetration and consumer loyalty. Marico utilizes a robust distribution network, utilizing regional offices, agents, redistribution centers, and distributors to ensure widespread product availability.
In summary, Marico Limited is a large, diversified consumer goods company with a strong foothold in the Indian market and a growing international presence. Its strategic focus on diverse product categories, established brands, and a comprehensive distribution network positions it for continued growth and success in the competitive consumer goods sector.
Questions investors ask about Marico Limited (MARICO).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Marico Limited (MARICO)?
The current share price of Marico Limited (MARICO) is ₹827.35. Today, the stock has gained by ₹7.90 (0.96%), trading in a range of ₹818.25 to ₹827.6. The stock opened at ₹819.5 with a trading volume of 1,42,134 shares.
02Is Marico Limited stock a good investment for long-term?
Marico Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,06,558.55 crores, P/E ratio of 60.35, ROE of 41.39%, and ROCE of 45.20%. The dividend yield stands at 0.85%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Marico Limited stock?
The 52-week high price of Marico Limited (MARICO) is ₹848.8, while the 52-week low is ₹690.2. Currently trading at ₹827.35, the stock is 86.5% away from its 52-week low and 2.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Marico Limited stock at the current price?
Whether to buy Marico Limited stock at ₹827.35 depends on multiple factors. The stock is currently trading with a P/E ratio of 60.35 and P/B ratio of 25.25. Today's performance shows a gain of 0.96%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Marico Limited and when is the next dividend?
Marico Limited offers a dividend yield of 0.85%, which means for every ₹100 invested at the current price of ₹827.35, you can expect to receive approximately ₹0.85 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Marico Limited?
Marico Limited's key financial metrics include: P/E Ratio: 60.35, P/B Ratio: 25.25, ROE: 41.39%, ROCE: 45.20%, Dividend Yield: 0.85%, EPS: ₹13.63, Book Value: ₹32.73, and Debt-to-Equity: 0.12. The company's market cap stands at ₹1,06,558.55 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Marico Limited stock performing today in the market?
Marico Limited stock opened at ₹819.5 and is currently trading at ₹827.35, showing a gain of ₹7.90 (0.96%). The intraday high is ₹827.6 and low is ₹818.25. The trading volume stands at 1,42,134 shares, indicating moderate market participation today.
08What is the P/E ratio of Marico Limited and what does it indicate?
Marico Limited has a Price-to-Earnings (P/E) ratio of 60.35, which means investors are willing to pay ₹60.35 for every ₹1 of earnings. With an EPS of ₹13.63, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Marico Limited (MARICO) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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