M

Marico Limited

MARICONSE
Market snapshot · 2026-08-11 09:16 UTC

855.85

₹-7.65 (-0.89%)

MARKET CAP

₹1.11L Cr

STOCK P/E

58.7x

52W HIGH

₹889.10

52W LOW

₹690.30

BOOK VALUE

₹32.43

EPS

₹14.59

ROE

SECTOR

Consumer Staples

DEBT/EQUITY

12.39

VOLUME

7.93L

P/B RATIO

26.39x

PEG RATIO

1.02

Sector

Consumer Staples

Themes

FMCG - Personal ProductsMonopolyEdible Oil
D
Dividend
E
Earnings
₹885.35₹837.81₹790.26₹742.71₹695.17VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Marico is a branded consumer-products company selling coconut and edible oils, haircare, and packaged food. Parachute and Nihar drive oils, while Saffola anchors functional foods and health products. Recent quarterly revenue and profit beats indicate continued demand, but the stock still fell over 3%, limiting evidence of operating leverage. Revenue grew 26.2% year-on-year, while profit rose only 8.2%, signalling declining margins and weaker earnings conversion. ROE is unavailable; debt/equity of 12.39 implies significant leverage, which can amplify reported ROE but increases financial risk. At 59.2 times earnings, Marico appears rich relative to its profit growth and sector valuation. Positive sentiment and international expansion support the premium, but margin compression and high leverage remain open risks.

Valuation Metrics

Trading 28.6% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.95). Confidence: 84%.

Live forward EPS implies next-12-month EPS of ₹19.52. Applying the stock's normalized valuation corridor produces a fair range of ₹772.02 to ₹974.05, with base value near ₹890.50 (+4.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹19.52

Forward P/E

43.8x

Base Fair Value

₹890.50

Fair Range

₹772.02 - ₹974.05

Upside To Base

+4.0%

Estimate Source

Live forward EPS

Growth Estimate

+24.7%

P/E
Strongly Overvalued

5Y Average

40.87

Current

58.66

Overvalued

49.90

Undervalued

39.55

EV/EBITDA
Strongly Overvalued

5Y Average

31.87

Current

45.75

Overvalued

37.40

Undervalued

26.79

P/S
Strongly Overvalued

5Y Average

5.39

Current

7.73

Overvalued

6.32

Undervalued

4.53

Peers & Comparison

Sector: Consumer Staples · Theme: FMCG - Personal Products

FMCG - Personal Products Peers8 peers
Avg P/E: 70.7x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
P&G HYGIENE & HEALTH CARE
PGHHFMCG - Personal Products
-4.9%18.6%
34.7x
Undervalued
-51% vs avg
-36.1%
CUPID LIMITED
CUPIDFMCG - Personal Products
+162.5%29.5%
350.2x
Premium
+395% vs avg
+692.4%
DABUR INDIA LTD
DABURFMCG - Personal Products
+10.6%14.6%
36.7x
Undervalued
-48% vs avg
-17.6%
GODREJ CONSUMER PRODUCTS
GODREJCPFMCG - Personal Products
+15.4%12.1%
56.1x
Undervalued
-21% vs avg
-12.5%
COLGATE PALMOLIVE LTD.
COLPALFMCG - Personal Products
+11.8%21.7%
40.5x
Undervalued
-43% vs avg
-8.2%
LIFE INSURA CORP OF INDIA
LICIFMCG - Personal Products
+6.8%6.5%
8.6x
Undervalued
-88% vs avg
-14.2%
PATANJALI FOODS LIMITED
PATANJALIPackaged Foods & Meats
+14.7%4.5%
21.3x
Undervalued
-70% vs avg
-41.5%
ITC LTD
ITCFMCG - Tobacco
-11.1%25.9%
17.8x
Undervalued
-75% vs avg
-32.1%
WHY THESE PEERS

MARICO LIMITED trades at a discount (58.7x vs peer avg 70.7x), suggesting potential undervaluation relative to the Fmcg - Personal Products cohort. Peers include P&G HYGIENE & HEALTH CARE, CUPID LIMITED, DABUR INDIA LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.79K CrJun 2026

Latest net profit

₹460 CrJun 2026

Latest EPS

₹3.54Jun 2026

Net margin

19.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,8411,7911,7331,6371,8861,8601,9881,8702,3492,4392,4612,2722,794
Expenses +1,4381,4491,3691,3401,4581,5151,6301,5581,9022,0922,0891,9782,251
Operating Profit403342364297428345358312447347372294543
OPM %22%19%21%18%23%19%18%17%19%14%15%13%19%
Other Income +373535281830212214947317117716653
Interest710875765677810
Depreciation25262927282830383133344537
Profit before tax408341362291413612444418883478508407549
Tax %25%24%22%21%25%14%17%22%12%17%13%15%16%
Net Profit +307258284229311529369325773395441344460
EPS in Rs2.371.992.191.772.404.092.852.515.963.043.402.653.54
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.05%59.03%58.94%58.93%58.93%
FII22.09%23.62%24.21%24.02%24.08%
DII14.33%12.82%12.24%12.55%12.48%
Public3.74%3.73%3.76%3.69%3.66%
Others0.79%0.80%0.85%0.81%0.85%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Aug 10, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Aug 06, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 05, 2026PDFCompany Reports Open