Marico Limited
₹800.75-₹1.25 (-0.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹98,148 Cr
- P/E
- 52.3x
- EV / EBITDA
- 63.5x
- Revenue
- ₹7,581 Cr
- Net margin
- 15.4%
- ROCE
- 36.7%
Price chart
Technical chartScreen technicals →+10.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +1.7%
- 3M
- -9.5%
- 6M
- +3.4%
- 1Y
- +10.9%
- 5Y
- +43.5%
52-week range
Day change -₹1.25 (-0.2%) from ₹802 to ₹801 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MARICO, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 30.0%
Concerns1
- Slow revenue growth of 3.6% CAGR over 5 years
Rule-based from financial data. Not advice.
About the company
Marico Limited, together with its subsidiaries, manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.
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Marico Limited, together with its subsidiaries, manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally. It offers coconut oils, refined edible oils, hair oils, anti-lice treatments, fabric care, functional and other processed food, hair creams and gels, hair serums, shampoos, shower gels, shower gels, hair relaxers and straighteners, deodorants, female personal care, baby care, skin care, male grooming and hair styling, packaged food, health care, and hygiene products, as well as conditioners. The company markets its products under the Parachute, Saffola, Saffola FITTIFY, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Just Herbs, True Elements, Beardo, and Plix brand names in India; and under the Parachute, Parachute Advansed, HairCode, Fiancée, Purité de Prôvence, Ôliv, Lashe', Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Studio X, Thuan Phat and Isoplus brand names internationally. It sells its products through distribution network, including regional offices, carrying and forwarding agents, redistribution centers, and distributors. Marico Limited was incorporated in 1988 and is headquartered in Mumbai, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 130 Cr shares
- ISIN
- INE196A01026
- BSE code
- 531642
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹98,148 Cr
- P/E
- 52.3x
- P/B
- 19.4x
- EV / EBITDA
- 63.5x
- EV / Sales
- 14.0x
- P/S
- 14.0x
- Earnings yield
- 1.9%
- 52-week high
- ₹885.20
- 52-week low
- ₹709.35
Profitability
- Operating margin
- 20.1%
- Net margin
- 15.4%
- EBITDA margin
- 22.0%
- ROE
- 30.0%
- ROCE
- 36.7%
- ROA
- 21.7%
- Dividend payout
- 114.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 9.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹7,581 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,541 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 42.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,044 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹12.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.4%
Solvency and efficiency
- Current ratio
- 3.68
- Debt / Equity
- 0.06
- Debt / Assets
- 0.05
- Debt / EBITDA
- 0.15
- Interest coverage
- 43.94
- Financial leverage
- 1.38
- CFO / Net profit
- 0.97
- Cash / Market cap
- 2.6%
- Cash per share
- ₹19.83
- Asset turnover
- 1.41
- Fixed asset turnover
- 9.51
- Capital intensity
- 0.11
- Debtor days
- 45 days
- Inventory turnover
- 3.61
- Cash conversion cycle
- 48 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹20 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹6,132 Cr |
| Sales | Operating profit | ₹1,449 Cr |
| Operating profit | Interest | ₹23 Cr |
| Operating profit | Depreciation | ₹123 Cr |
| Operating profit | Profit before tax | ₹1,303 Cr |
| Other income | Profit before tax | ₹591 Cr |
| Profit before tax | Tax and other | ₹353 Cr |
| Profit before tax | Net profit | ₹1,541 Cr |
Revenue and net profit
Revenue grew 8.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹6,337 Cr | ₹1,106 Cr |
| FY2022 | ₹7,500 Cr | ₹1,163 Cr |
| FY2023 | ₹7,478 Cr | ₹1,179 Cr |
| FY2024 | ₹7,002 Cr | ₹1,078 Cr |
| FY2025 | ₹7,581 Cr | ₹1,541 Cr |
Cash flows
FY2025: ₹1,148 Cr from operations, ₹467 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,564 Cr | ₹981 Cr |
| FY2022 | ₹656 Cr | ₹1,282 Cr |
| FY2023 | ₹1,002 Cr | ₹656 Cr |
| FY2024 | ₹1,044 Cr | ₹1,211 Cr |
| FY2025 | ₹1,148 Cr | ₹467 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹7,581 Cr+8.3%1Y
- Net profit
- ₹1,541 Cr+42.9%1Y
- Cash from operations
- ₹1,148 Cr
- Free cash flow
- ₹467 Cr-61.4%1Y
- Revenue CAGR, 5Y
- 3.6%
- EBITDA CAGR, 5Y
- 1.8%
- Net profit CAGR, 5Y
- 1.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹7,581 Cr | ₹1,449 Cr | — | ₹1,541 Cr | ₹1,148 Cr | ₹467 Cr | 32.4% | +8.3% | +42.9% |
Monthly returns
Month-by-month returns of MARICO across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹6,038 Cr |
| Equity capital | ₹129 Cr |
| Reserves | ₹4,634 Cr |
| Borrowings | ₹271 Cr |
| Other liabilities | ₹1,004 Cr |
| Assets | ₹6,038 Cr |
| Fixed assets | ₹770 Cr |
| Capital work in progress | ₹33 Cr |
| Investments | ₹2,687 Cr |
| Other assets | ₹2,548 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MARICO trades at 52.3x earnings against a peer median of 55.4x.
Not shown (no positive earnings and no EV / Sales): SWIGGY LIMITED, Meesho Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Marico LimitedMARICOthis company | ₹98,148 Cr | 52.3x | 19.4x | 30.0% | 63.5x |
| SWIGGY LIMITEDSWIGGY | ₹96,874 Cr | — | 7.3x | 28.7% | -63.9x |
| Indian Hotels Co. LtdINDHOTEL | ₹96,523 Cr | 64.6x | 8.4x | 10.8% | 53.3x |
| United Spirits LimitedUNITDSPR | ₹95,949 Cr | 55.4x | 11.9x | 18.8% | 46.6x |
| LG Electronics India LimitedLGEINDIA | ₹94,943 Cr | 46.2x | — | 40.1% | 38.6x |
| Havells India LimitedHAVELLS | ₹89,811 Cr | 60.9x | 10.4x | 17.1% | 41.5x |
| Lenskart Solutions LimitedLENSKART | ₹77,370 Cr | 599.0x | — | 2.4% | 158.4x |
| Meesho LimitedMEESHO | ₹74,358 Cr | — | — | -14.2% | -290.4x |
| FSN E-Commerce Ventures LimitedNYKAA | ₹72,865 Cr | 1134.0x | 42.6x | 7.9% | 661.0x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
MARICO since 1 January, against earlier years.
Historical volatility
MARICO's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 18.0% |
| FY2022 | 16.0% |
| FY2023 | 18.0% |
| FY2024 | 20.0% |
| FY2025 | 19.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹7,581 Cr |
| Costs | |
| Interest | ₹23 Cr |
| Expenses | ₹6,132 Cr |
| Operating profitOperating Profit | ₹1,449 Cr |
| Other income and charges | |
| Profit before tax | ₹1,894 Cr |
| Tax | |
| Net profitNet Profit | ₹1,541 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹6,038 Cr |
| Equity capitalEquity Capital | ₹129 Cr |
| Reserves | ₹4,634 Cr |
| Borrowings | ₹271 Cr |
| Other liabilitiesOther Liabilities | ₹1,004 Cr |
| AssetsTotal Assets | ₹6,038 Cr |
| Fixed assetsFixed Assets | ₹770 Cr |
| Capital work in progressCWIP | ₹33 Cr |
| Investments | ₹2,687 Cr |
| Other assetsOther Assets | ₹2,548 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,148 Cr |
| Investing cash flowCash from Investing Activity | -₹681 Cr |
| Financing cash flowCash from Financing Activity | -₹455 Cr |
| Change in cashNet Cash Flow | ₹12 Cr |
Learn while you research
Academy chapters picked for Marico Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 52.3, learn when high multiples are justified.6 min read
- 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read