Marico Ltd

Marico Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marico Ltd

₹ 633 -0.12%
26 Dec - close price
marico.com BSE: 531642 NSE: MARICO
About

Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.[1]

Key Points

Product Portfolio
Below are all the product categories that the company caters to in the domestic market and the brands of the company :
1. Coconut Oil - Parachute, Nihar Naturals.
2. Super-premium Refined edible oils - Saffola.
3. Value added hair oils - Parachute advansed, Nihar naturals, Hair & Care.
4. Healthy foods - Saffola oats, Coco Soul. Coconut oil, Saffola FITTIFY Gourmet Range.
5. Premium Hair Nourishment - Livon Serums, Hair & Care.
6. Male Grooming & Styling - Set Wet, Beardo, Parachute.
7. Skin Care - Kaya Youth, Parachute advansed.
8. Hygiene - Mediker, Veggie Clean.
9. Breakfast - True Elements[1][2][3]

Market Share Q3FY24[4]
1 Coconut Oils : MS - 62%, Rank #1
2 Parachute Rigids : MS - 52%, Rank #1
3 Saffola Oats: MS - 41%, Rank #1
4 Value Added Hair Oils : MS - 27%, Rank #1
5 Leave-on Serums : MS - 53%, Rank #1
6 Hair Gels/Waxes/Creams: MS - 52%, Rank #1

Website BSE NSE
  • Market Cap ₹ 82,021 Cr.
  • Current Price ₹ 633
  • High / Low ₹ 720 / 486
  • Stock P/E 60.6
  • Book Value ₹ 34.6
  • Dividend Yield 1.50 %
  • ROCE 37.0 %
  • ROE 29.3 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
  • Company has been maintaining a healthy dividend payout of 88.5%

Cons

  • Stock is trading at 18.3 times its book value
  • The company has delivered a poor sales growth of 3.24% over past five years.
  • Debtor days have increased from 37.8 to 45.4 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

Part of Nifty MidSmallcap 400 Nifty LargeMidcap 250 BSE 500 Nifty100 ESG BSE 150 MidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,916 1,855 1,686 1,976 1,909 1,891 1,702 1,841 1,791 1,733 1,637 1,886 1,860
1,620 1,556 1,439 1,594 1,601 1,551 1,423 1,438 1,449 1,369 1,340 1,458 1,515
Operating Profit 296 299 247 382 308 340 279 403 342 364 297 428 345
OPM % 15% 16% 15% 19% 16% 18% 16% 22% 19% 21% 18% 23% 19%
128 74 126 132 131 35 30 37 35 35 28 18 302
Interest 8 8 8 8 10 9 9 7 10 8 7 5 7
Depreciation 23 26 24 25 25 28 31 25 26 29 27 28 28
Profit before tax 393 339 341 481 404 338 269 408 341 362 291 413 612
Tax % 16% 18% 14% 20% 17% 25% 24% 25% 24% 22% 21% 25% 14%
329 278 293 387 334 254 204 307 258 284 229 311 529
EPS in Rs 2.55 2.15 2.27 2.99 2.58 1.96 1.58 2.37 1.99 2.19 1.77 2.40 4.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,407 3,682 4,681 4,861 4,851 5,170 5,971 5,853 6,337 7,500 7,478 7,002 7,116
2,884 3,124 4,006 4,032 3,894 4,255 4,961 4,733 5,183 6,317 6,169 5,596 5,682
Operating Profit 523 559 676 829 957 915 1,010 1,120 1,154 1,183 1,309 1,406 1,434
OPM % 15% 15% 14% 17% 20% 18% 17% 19% 18% 16% 18% 20% 20%
95 235 127 191 262 114 301 287 286 357 328 135 383
Interest 44 30 17 15 13 8 24 33 22 30 36 32 27
Depreciation 33 46 55 69 64 67 104 113 107 97 109 107 112
Profit before tax 542 717 731 936 1,142 954 1,183 1,261 1,311 1,413 1,492 1,402 1,678
Tax % 21% 20% 25% 26% 26% 25% 5% 20% 16% 18% 21% 23%
429 577 545 691 843 718 1,129 1,007 1,106 1,163 1,179 1,078 1,353
EPS in Rs 3.33 4.48 4.23 5.36 6.53 5.56 8.75 7.80 8.56 9.00 9.12 8.33 10.45
Dividend Payout % 15% 39% 30% 79% 54% 76% 54% 86% 87% 103% 49% 114%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 3%
TTM: -2%
Compounded Profit Growth
10 Years: 6%
5 Years: -1%
3 Years: -3%
TTM: 32%
Stock Price CAGR
10 Years: 14%
5 Years: 13%
3 Years: 8%
1 Year: 18%
Return on Equity
10 Years: 32%
5 Years: 35%
3 Years: 34%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 64 64 64 129 129 129 129 129 129 129 129 129 129
Reserves 1,927 1,909 2,278 2,409 2,795 2,912 3,360 2,759 2,906 2,920 3,548 3,468 4,347
722 562 271 204 108 122 131 110 269 199 166 230 229
454 608 617 696 730 857 1,138 1,138 1,178 1,248 1,246 1,138 1,180
Total Liabilities 3,168 3,144 3,231 3,439 3,763 4,020 4,758 4,136 4,482 4,496 5,089 4,965 5,885
335 494 482 460 519 509 643 701 669 667 704 736 734
CWIP 145 2 2 37 8 25 42 55 14 27 32 38 45
Investments 1,316 1,367 1,335 1,595 1,664 1,507 1,440 1,093 1,343 1,372 1,825 1,617 2,150
1,371 1,281 1,412 1,347 1,571 1,979 2,633 2,287 2,456 2,430 2,528 2,574 2,956
Total Assets 3,168 3,144 3,231 3,439 3,763 4,020 4,758 4,136 4,482 4,496 5,089 4,965 5,885

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
444 256 552 629 471 409 785 970 1,564 656 1,002 1,044
-953 109 60 -86 87 187 -79 128 -583 626 -346 167
521 -369 -612 -549 -560 -602 -704 -1,081 -992 -1,267 -676 -1,194
Net Cash Flow 13 -3 -1 -6 -2 -6 2 17 -11 15 -20 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 15 10 14 17 20 26 29 18 27 41 45
Inventory Days 170 147 125 128 190 193 148 153 97 94 82 101
Days Payable 74 71 64 81 84 86 86 92 93 86 93 99
Cash Conversion Cycle 109 91 72 61 124 127 89 90 21 35 31 48
Working Capital Days 60 18 33 17 54 70 59 57 18 31 45 61
ROCE % 24% 28% 29% 35% 38% 33% 36% 40% 44% 44% 43% 37%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.51% 59.49% 59.48% 59.48% 59.48% 59.42% 59.41% 59.40% 59.38% 59.34% 59.28% 59.20%
25.55% 25.11% 25.16% 25.00% 25.07% 24.97% 24.96% 25.91% 25.69% 25.55% 24.61% 24.87%
8.59% 8.76% 8.67% 9.86% 9.78% 9.99% 10.20% 9.50% 9.63% 9.78% 11.10% 11.12%
0.09% 0.09% 0.09% 0.09% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
6.17% 6.45% 6.49% 5.46% 5.46% 5.43% 5.20% 4.99% 5.12% 5.13% 4.80% 4.61%
0.10% 0.11% 0.11% 0.11% 0.09% 0.11% 0.11% 0.11% 0.08% 0.11% 0.11% 0.11%
No. of Shareholders 2,94,4603,32,2293,39,0173,43,6413,44,5753,47,5693,30,9073,08,0253,16,5793,18,5562,99,1543,02,183

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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