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Last Updated: February 27, 2026, 8:48 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531642 | NSE: MARICO

Marico Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 27, 2026, 8:48 pm

Market Cap 1,02,371 Cr.
Current Price 789
Intrinsic Value₹666.49
High / Low 814/578
Stock P/E59.7
Book Value 31.2
Dividend Yield1.33 %
ROCE45.2 %
ROE41.3 %
Face Value 1.00
PEG Ratio8.68

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Marico Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Marico Ltd 1,02,371 Cr. 789 814/57859.7 31.21.33 %45.2 %41.3 % 1.00
Adani Wilmar Ltd 24,591 Cr. 189 291/18825.6 76.20.00 %20.9 %13.9 % 1.00
Gujarat Ambuja Exports Ltd 6,479 Cr. 141 149/98.731.5 67.50.18 %11.5 %8.64 % 1.00
Gokul Agro Resources Ltd 5,027 Cr. 170 222/96.016.8 41.20.00 %34.2 %27.0 % 1.00
CIAN Agro Industries & Infrastructure Ltd 3,668 Cr. 1,310 3,633/3217,973 33.00.00 %8.54 %1.06 % 10.0
Industry Average11,161.46 Cr162.19474.3937.260.18%14.31%12.90%4.29

All Competitor Stocks of Marico Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,4702,2402,4772,4762,4222,2782,6432,6642,7942,7303,2593,4823,537
Expenses 2,0141,8471,9031,9791,9091,8362,0172,1422,2612,2722,6042,9222,945
Operating Profit 456393574497513442626522533458655560592
OPM % 18%18%23%20%21%19%24%20%19%17%20%16%17%
Other Income 40684638431537824247564939
Interest 14171720191717111312101214
Depreciation 39433639424141414452454750
Profit before tax 443401567476495399605552518441656550567
Tax % 25%24%23%24%22%20%22%22%22%22%22%21%19%
Net Profit 333305436360386320474433406345513432460
EPS in Rs 2.542.343.302.732.962.463.583.273.082.653.893.243.44

Last Updated: February 5, 2026, 1:40 am

Below is a detailed analysis of the quarterly data for Marico Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 3,537.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,482.00 Cr. (Sep 2025) to 3,537.00 Cr., marking an increase of 55.00 Cr..
  • For Expenses, as of Dec 2025, the value is 2,945.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,922.00 Cr. (Sep 2025) to 2,945.00 Cr., marking an increase of 23.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 592.00 Cr.. The value appears strong and on an upward trend. It has increased from 560.00 Cr. (Sep 2025) to 592.00 Cr., marking an increase of 32.00 Cr..
  • For OPM %, as of Dec 2025, the value is 17.00%. The value appears strong and on an upward trend. It has increased from 16.00% (Sep 2025) to 17.00%, marking an increase of 1.00%.
  • For Other Income, as of Dec 2025, the value is 39.00 Cr.. The value appears to be declining and may need further review. It has decreased from 49.00 Cr. (Sep 2025) to 39.00 Cr., marking a decrease of 10.00 Cr..
  • For Interest, as of Dec 2025, the value is 14.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12.00 Cr. (Sep 2025) to 14.00 Cr., marking an increase of 2.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 50.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 47.00 Cr. (Sep 2025) to 50.00 Cr., marking an increase of 3.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 567.00 Cr.. The value appears strong and on an upward trend. It has increased from 550.00 Cr. (Sep 2025) to 567.00 Cr., marking an increase of 17.00 Cr..
  • For Tax %, as of Dec 2025, the value is 19.00%. The value appears to be improving (decreasing) as expected. It has decreased from 21.00% (Sep 2025) to 19.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Dec 2025, the value is 460.00 Cr.. The value appears strong and on an upward trend. It has increased from 432.00 Cr. (Sep 2025) to 460.00 Cr., marking an increase of 28.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 3.44. The value appears strong and on an upward trend. It has increased from 3.24 (Sep 2025) to 3.44, marking an increase of 0.20.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 12:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,6875,7336,0175,9186,3227,3347,3158,0489,5129,7649,65310,83113,008
Expenses 3,9394,8634,9664,7595,1856,0095,8466,4597,8317,9547,6278,69210,743
Operating Profit 7488701,0511,1591,1371,3251,4691,5891,6811,8102,0262,1392,265
OPM % 16%15%17%20%18%18%20%20%18%19%21%20%17%
Other Income 58599396851039510798144142208191
Interest 34232117164050343956735348
Depreciation 7784959089131140139139155158178194
Profit before tax 6958221,0291,1491,1171,2571,3741,5231,6011,7431,9372,1162,214
Tax % 27%29%30%29%26%10%24%21%22%24%22%22%
Net Profit 5045857238118271,1311,0431,1991,2551,3221,5021,6581,750
EPS in Rs 3.764.455.516.196.318.637.919.089.4810.0711.4412.5713.22
Dividend Payout % 46%28%77%57%67%55%85%83%97%45%83%83%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)16.07%23.59%12.17%1.97%36.76%-7.78%14.96%4.67%5.34%13.62%10.39%
Change in YoY Net Profit Growth (%)0.00%7.52%-11.42%-10.20%34.79%-44.54%22.74%-10.29%0.67%8.28%-3.23%

Marico Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 10, 2025, 3:03 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6464129129129129129129129129129129130
Reserves 1,2961,7601,8882,1972,4142,8462,8943,1113,2193,6703,7033,8463,922
Borrowings 680428331239312352338511479608528554575
Other Liabilities 9258731,0101,0591,2171,5691,6031,6751,8502,3932,9933,7524,052
Total Liabilities 2,9653,1253,3583,6234,0724,8964,9645,4265,6776,8007,3538,2818,679
Fixed Assets 8881,0761,0501,0851,1101,3001,3961,6121,7602,2462,7242,7582,791
CWIP 433711274558243967444052
Investments 3112845446085434507338548281,0966021,5901,394
Other Assets 1,7621,7631,7271,9192,3923,1012,7772,9363,0503,3913,9833,8934,442
Total Assets 2,9653,1253,3583,6234,0724,8964,9645,4265,6776,8007,3538,2818,679

Below is a detailed analysis of the balance sheet data for Marico Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 130.00 Cr.. The value appears strong and on an upward trend. It has increased from 129.00 Cr. (Mar 2025) to 130.00 Cr., marking an increase of 1.00 Cr..
  • For Reserves, as of Sep 2025, the value is 3,922.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,846.00 Cr. (Mar 2025) to 3,922.00 Cr., marking an increase of 76.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 575.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 554.00 Cr. (Mar 2025) to 575.00 Cr., marking an increase of 21.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 4,052.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,752.00 Cr. (Mar 2025) to 4,052.00 Cr., marking an increase of 300.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 8,679.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,281.00 Cr. (Mar 2025) to 8,679.00 Cr., marking an increase of 398.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 2,791.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,758.00 Cr. (Mar 2025) to 2,791.00 Cr., marking an increase of 33.00 Cr..
  • For CWIP, as of Sep 2025, the value is 52.00 Cr.. The value appears strong and on an upward trend. It has increased from 40.00 Cr. (Mar 2025) to 52.00 Cr., marking an increase of 12.00 Cr..
  • For Investments, as of Sep 2025, the value is 1,394.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,590.00 Cr. (Mar 2025) to 1,394.00 Cr., marking a decrease of 196.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 4,442.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,893.00 Cr. (Mar 2025) to 4,442.00 Cr., marking an increase of 549.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 8,679.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,281.00 Cr. (Mar 2025) to 8,679.00 Cr., marking an increase of 398.00 Cr..

Notably, the Reserves (3,922.00 Cr.) exceed the Borrowings (575.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6606658186495161,0621,2142,0071,0161,4191,3871,363
Cash from Investing Activity + -202-186-203-12559-367-22-933441-928176-621
Cash from Financing Activity + -339-625-601-574-567-698-1,147-1,058-1,290-560-1,542-649
Net Cash Flow 119-14714-518-34516167-692193

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow68.00442.00-330.00-238.00-311.00-351.00-337.00-510.00-478.00-607.00-526.00-552.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 171115152026271825384043
Inventory Days 1511391101931901471571081069411693
Days Payable 95798010710398108109101112137103
Cash Conversion Cycle 73714610110674761730201933
Working Capital Days -1318023372724-11521416
ROCE %29%38%44%45%42%42%43%43%43%42%43%45%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.42%59.41%59.40%59.38%59.34%59.28%59.20%59.11%59.05%59.03%58.94%58.93%
FIIs 24.97%24.96%25.91%25.69%25.55%24.61%24.87%23.35%22.09%23.62%24.21%24.02%
DIIs 9.99%10.20%9.50%9.63%9.78%11.10%11.12%12.76%14.12%12.61%11.88%12.23%
Government 0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.11%0.11%
Public 5.43%5.20%4.99%5.12%5.13%4.80%4.61%4.61%4.53%4.51%4.58%4.49%
Others 0.11%0.11%0.11%0.08%0.11%0.11%0.11%0.08%0.12%0.12%0.26%0.22%
No. of Shareholders 3,47,5693,30,9073,08,0253,16,5793,18,5562,99,1543,02,1833,00,8052,86,7702,88,2182,89,1522,82,209

Shareholding Pattern Chart

No. of Shareholders

Marico Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 30,066,907 2.38 2194.2829,425,0162026-02-23 07:11:402.18%
Franklin India Flexi Cap Fund 4,800,948 1.79 350.374,100,0002025-12-08 01:29:3117.1%
Edelweiss Mid Cap Fund 4,417,032 2.34 322.363,377,0952026-02-22 01:21:2130.79%
Sundaram Mid Cap Fund 3,412,215 1.93 249.023,663,8212026-02-22 17:11:46-6.87%
UTI Flexi Cap Fund 3,302,000 1.02 240.983,590,0002026-02-22 17:11:46-8.02%
Tata Arbitrage Fund 2,755,200 0.98 201.072,944,8002026-02-22 17:11:46-6.44%
ICICI Prudential Equity & Debt Fund 2,212,697 0.33 161.481,662,6972026-02-23 00:15:3633.08%
Franklin India Mid Cap Fund 1,800,000 1.07 131.36N/AN/AN/A
Franklin India ELSS Tax Saver Fund 1,733,734 1.96 126.531,800,0002025-12-08 01:29:31-3.68%
UTI Mid Cap Fund 1,700,000 1.08 124.07N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 12.5911.4610.089.509.08
Diluted EPS (Rs.) 12.5611.4310.059.499.08
Cash EPS (Rs.) 14.2312.8711.4510.8110.39
Book Value[Excl.RevalReserv]/Share (Rs.) 30.8132.3230.6726.4025.26
Book Value[Incl.RevalReserv]/Share (Rs.) 30.8132.3230.6726.4025.26
Revenue From Operations / Share (Rs.) 83.9674.8375.6973.7462.39
PBDIT / Share (Rs.) 18.1916.8115.1513.7913.06
PBIT / Share (Rs.) 16.8115.5813.9512.7111.98
PBT / Share (Rs.) 16.4015.0213.5112.4111.82
Net Profit / Share (Rs.) 12.8511.6410.259.739.31
NP After MI And SOA / Share (Rs.) 12.6311.4810.099.509.09
PBDIT Margin (%) 21.6622.4520.0118.7020.93
PBIT Margin (%) 20.0220.8218.4217.2419.20
PBT Margin (%) 19.5320.0617.8516.8318.94
Net Profit Margin (%) 15.3015.5513.5313.1914.92
NP After MI And SOA Margin (%) 15.0415.3413.3312.8714.56
Return on Networth / Equity (%) 40.9938.6434.2736.5836.17
Return on Capital Employeed (%) 36.9040.3839.8245.1444.20
Return On Assets (%) 19.5319.9518.7421.1721.27
Total Debt / Equity (X) 0.090.090.120.100.10
Asset Turnover Ratio (%) 1.371.341.531.501.34
Current Ratio (X) 2.071.641.571.631.66
Quick Ratio (X) 1.561.091.070.971.10
Inventory Turnover Ratio (X) 8.433.083.533.942.98
Dividend Payout Ratio (NP) (%) 27.8082.9844.7097.5582.59
Dividend Payout Ratio (CP) (%) 25.0674.9839.9487.6073.83
Earning Retention Ratio (%) 72.2017.0255.302.4517.41
Cash Earning Retention Ratio (%) 74.9425.0260.0612.4026.17
Interest Coverage Ratio (X) 44.2829.7034.8945.6249.56
Interest Coverage Ratio (Post Tax) (X) 32.2821.5824.6133.1835.94
Enterprise Value (Cr.) 83930.0563877.1061757.3064793.8552505.50
EV / Net Operating Revenue (X) 7.756.626.336.816.52
EV / EBITDA (X) 35.7629.4631.6136.4231.16
MarketCap / Net Operating Revenue (X) 7.766.646.346.836.60
Retention Ratios (%) 72.1917.0155.292.4417.40
Price / BV (X) 21.1516.7316.2919.4116.38
Price / Net Operating Revenue (X) 7.766.646.346.836.60
EarningsYield 0.010.020.020.010.02

After reviewing the key financial ratios for Marico Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 12.59. This value is within the healthy range. It has increased from 11.46 (Mar 24) to 12.59, marking an increase of 1.13.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 12.56. This value is within the healthy range. It has increased from 11.43 (Mar 24) to 12.56, marking an increase of 1.13.
  • For Cash EPS (Rs.), as of Mar 25, the value is 14.23. This value is within the healthy range. It has increased from 12.87 (Mar 24) to 14.23, marking an increase of 1.36.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 30.81. It has decreased from 32.32 (Mar 24) to 30.81, marking a decrease of 1.51.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 30.81. It has decreased from 32.32 (Mar 24) to 30.81, marking a decrease of 1.51.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 83.96. It has increased from 74.83 (Mar 24) to 83.96, marking an increase of 9.13.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 18.19. This value is within the healthy range. It has increased from 16.81 (Mar 24) to 18.19, marking an increase of 1.38.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 16.81. This value is within the healthy range. It has increased from 15.58 (Mar 24) to 16.81, marking an increase of 1.23.
  • For PBT / Share (Rs.), as of Mar 25, the value is 16.40. This value is within the healthy range. It has increased from 15.02 (Mar 24) to 16.40, marking an increase of 1.38.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 12.85. This value is within the healthy range. It has increased from 11.64 (Mar 24) to 12.85, marking an increase of 1.21.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 12.63. This value is within the healthy range. It has increased from 11.48 (Mar 24) to 12.63, marking an increase of 1.15.
  • For PBDIT Margin (%), as of Mar 25, the value is 21.66. This value is within the healthy range. It has decreased from 22.45 (Mar 24) to 21.66, marking a decrease of 0.79.
  • For PBIT Margin (%), as of Mar 25, the value is 20.02. This value exceeds the healthy maximum of 20. It has decreased from 20.82 (Mar 24) to 20.02, marking a decrease of 0.80.
  • For PBT Margin (%), as of Mar 25, the value is 19.53. This value is within the healthy range. It has decreased from 20.06 (Mar 24) to 19.53, marking a decrease of 0.53.
  • For Net Profit Margin (%), as of Mar 25, the value is 15.30. This value exceeds the healthy maximum of 10. It has decreased from 15.55 (Mar 24) to 15.30, marking a decrease of 0.25.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 15.04. This value is within the healthy range. It has decreased from 15.34 (Mar 24) to 15.04, marking a decrease of 0.30.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 40.99. This value is within the healthy range. It has increased from 38.64 (Mar 24) to 40.99, marking an increase of 2.35.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 36.90. This value is within the healthy range. It has decreased from 40.38 (Mar 24) to 36.90, marking a decrease of 3.48.
  • For Return On Assets (%), as of Mar 25, the value is 19.53. This value is within the healthy range. It has decreased from 19.95 (Mar 24) to 19.53, marking a decrease of 0.42.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.09. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.09.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.37. It has increased from 1.34 (Mar 24) to 1.37, marking an increase of 0.03.
  • For Current Ratio (X), as of Mar 25, the value is 2.07. This value is within the healthy range. It has increased from 1.64 (Mar 24) to 2.07, marking an increase of 0.43.
  • For Quick Ratio (X), as of Mar 25, the value is 1.56. This value is within the healthy range. It has increased from 1.09 (Mar 24) to 1.56, marking an increase of 0.47.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 8.43. This value exceeds the healthy maximum of 8. It has increased from 3.08 (Mar 24) to 8.43, marking an increase of 5.35.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 27.80. This value is within the healthy range. It has decreased from 82.98 (Mar 24) to 27.80, marking a decrease of 55.18.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 25.06. This value is within the healthy range. It has decreased from 74.98 (Mar 24) to 25.06, marking a decrease of 49.92.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 72.20. This value exceeds the healthy maximum of 70. It has increased from 17.02 (Mar 24) to 72.20, marking an increase of 55.18.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 74.94. This value exceeds the healthy maximum of 70. It has increased from 25.02 (Mar 24) to 74.94, marking an increase of 49.92.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 44.28. This value is within the healthy range. It has increased from 29.70 (Mar 24) to 44.28, marking an increase of 14.58.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 32.28. This value is within the healthy range. It has increased from 21.58 (Mar 24) to 32.28, marking an increase of 10.70.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 83,930.05. It has increased from 63,877.10 (Mar 24) to 83,930.05, marking an increase of 20,052.95.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 7.75. This value exceeds the healthy maximum of 3. It has increased from 6.62 (Mar 24) to 7.75, marking an increase of 1.13.
  • For EV / EBITDA (X), as of Mar 25, the value is 35.76. This value exceeds the healthy maximum of 15. It has increased from 29.46 (Mar 24) to 35.76, marking an increase of 6.30.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 7.76. This value exceeds the healthy maximum of 3. It has increased from 6.64 (Mar 24) to 7.76, marking an increase of 1.12.
  • For Retention Ratios (%), as of Mar 25, the value is 72.19. This value exceeds the healthy maximum of 70. It has increased from 17.01 (Mar 24) to 72.19, marking an increase of 55.18.
  • For Price / BV (X), as of Mar 25, the value is 21.15. This value exceeds the healthy maximum of 3. It has increased from 16.73 (Mar 24) to 21.15, marking an increase of 4.42.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 7.76. This value exceeds the healthy maximum of 3. It has increased from 6.64 (Mar 24) to 7.76, marking an increase of 1.12.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Marico Ltd as of February 28, 2026 is: ₹623.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 28, 2026, Marico Ltd is Overvalued by 20.96% compared to the current share price ₹789.00

Intrinsic Value of Marico Ltd as of February 28, 2026 is: ₹666.49

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 28, 2026, Marico Ltd is Overvalued by 15.53% compared to the current share price ₹789.00

Last 5 Year EPS CAGR: 6.88%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 41.58%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 11.83, which is a positive sign.
  3. The company has higher reserves (2,828.15 cr) compared to borrowings (456.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (7.54 cr) and profit (117.69 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 55.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Marico Ltd:
    1. Net Profit Margin: 15.3%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 36.9% (Industry Average ROCE: 14.31%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 40.99% (Industry Average ROE: 12.9%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 32.28
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.56
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 59.7 (Industry average Stock P/E: 474.39)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.09
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

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. Currently Company is involved in the business activities of Manufacture of vegetable oils and fats excluding corn oil. Company's Total Operating Revenue is Rs. 7581.00 Cr. and Equity Capital is Rs. 129.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Edible Oils & Solvent Extraction7th Floor, Grande Palladium, 175, CST Road, Mumbai Maharashtra 400098Contact not found
Management
NamePosition Held
Mr. Harsh MariwalaChairman & Non-Exe.Director
Mr. Saugata GuptaManaging Director & CEO
Mr. Nikhil KhattauNon Executive Director
Mr. Rishabh MariwalaNon Executive Director
Mr. Rajendra MariwalaNon Executive Director
Mr. Milind BarveLead Independent Director
Mr. Ananth SankaranarayananIndependent Director
Mr. Rajeev VasudevaIndependent Director
Ms. Apurva PurohitIndependent Director
Ms. Nayantara BaliIndependent Director
Mr. Rajan Bharti MittalIndependent Director

FAQ

What is the intrinsic value of Marico Ltd?

Marico Ltd's intrinsic value (as of 27 February 2026) is ₹666.49 which is 15.53% lower the current market price of ₹789.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,02,371 Cr. market cap, FY2025-2026 high/low of ₹814/578, reserves of ₹3,922 Cr, and liabilities of ₹8,679 Cr.

What is the Market Cap of Marico Ltd?

The Market Cap of Marico Ltd is 1,02,371 Cr..

What is the current Stock Price of Marico Ltd as on 27 February 2026?

The current stock price of Marico Ltd as on 27 February 2026 is ₹789.

What is the High / Low of Marico Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Marico Ltd stocks is ₹814/578.

What is the Stock P/E of Marico Ltd?

The Stock P/E of Marico Ltd is 59.7.

What is the Book Value of Marico Ltd?

The Book Value of Marico Ltd is 31.2.

What is the Dividend Yield of Marico Ltd?

The Dividend Yield of Marico Ltd is 1.33 %.

What is the ROCE of Marico Ltd?

The ROCE of Marico Ltd is 45.2 %.

What is the ROE of Marico Ltd?

The ROE of Marico Ltd is 41.3 %.

What is the Face Value of Marico Ltd?

The Face Value of Marico Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Marico Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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