Marico Ltd share Price Today

Apr 19, 2024 03:50 PM

Marico Ltd

SECTOR : Edible Oil | BSE :531642 | NSE : MARICO

1D
1W
1M
3M
1Y
5Y
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Company details

Day Low

Day High

502.00

508.00

52W Low

52W High

462.70

595.00

6M Return -7.99%

1Y Return 5.25%

Mkt Cap.(Cr) 65,378.34

Volume 1,090,283

Div Yield 0.89%

OI

-

OI Chg %

-

Volume 1,090,283

Research Report
Quick Results Snapshot
SWOT Analysis
Our Research View
Financials
Comparison
Information
FAQs

Marico Ltd: 505.30
-1.10 (-0.22 %)

NSE

Marico Ltd Research Report

High growth foods, digital, PC to dominate growth…

About The Stock

Marico is one of the major FMCG companies present in hair oil, edible oil, foods & personal care segment. Major brands include Parachute, Saffola, Nihar, Hair & Care, Set Wet, Livon & Beardo.

Marico has an overall distribution network of more than 5.6 million outlets and direct reach of ~1 million outlets. Through its stockist network, it reaches 59000 villages
With high gross margins of 45-50%, the company is able to spend 8-9% of its sales for advertisements to support new categories & products

Q4FY23 Results

Marico posted 3.7% sales growth; domestic volumes up 5%

Sales growth was led by 9.8% growth in international business
EBITDA was at ₹ 393 crore, up 13.6% YoY, margins at 17.5% (up 153 bps)
Consequently, PAT was at ₹304.9 crore, growth of 18.7%

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Quick Results Snapshot

Marico Ltd.

Q3FY24 Quarterly Result Announced for Marico Ltd.

Personal Products company Marico announced Q3FY24 results:

Revenue from operations amounted to Rs 2,422 crore, indicating a slight YoY decrease of 2%.
EBITDA for Q3FY24 reached Rs 513 crore, showcasing a positive YoY growth of 13%.
EBITDA margin for Q3FY24 was 21.2%, reflecting a significant improvement of 272 basis points (bps) compared to the same period last year.
Profit After Tax stood at Rs 383 crore, demonstrating a substantial YoY growth of 17%.
Volume growth of 2% in the domestic business and constant currency growth of 6% in the international business.
Gross margin expanded by 634 bps YoY, ahead of expectations, owing to softer input costs and favourable portfolio mix.
A&P spends was up 12% YoY, up 125 bps as a % of sales, as the Company stayed focused on strategic brand building of core and new businesses.

Result PDF

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Marico Ltd shares SWOT Analysis

Strengths (5)

Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt

Weakness (4)

Inefficient use of assets to generate profits - ROA declining in the last 2 years
Declining Revenue every quarter for the past 2 quarters
Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

Street Favorite: High Analyst Rating with at least 20% upside

Threats (4)

Promoter decreasing their shareholding
Companies with growing costs YoY for long term projects
High PE (PE > 40)

Resistance and support

R1 508.2

R2 511.1

R3 514.2

Pivot

505.10

S1 502.2

S2 499.1

S3 496.2

EMA SMA

20 Day

506.6

50 Day

511.9

100 Day

520.0

200 Day

525.6

20 Day

502.4

50 Day

513.1

100 Day

523.2

200 Day

537.1

Delivery and volume

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CLIENT NAME	DEAL TYPE	ACTION	DATE	AVG. PRICE	QUANTITY	EXCHANGE
THE RBOS PLC AS DEP OF FIRST ST GEM SUS FDA SF OF FIST INICVC	Block	Purchase	2023-07-17	539.45	312075	NSE
THE RBOS PLC AS DEP OF FIRST ST GEM LE FDA SFD OF FIST INICVC	Block	Purchase	2023-07-17	539.45	113681	NSE
THE RBOS PLC AS DEP OF FIRST ST GE MT FDA SFD OF FIST IN ICVC	Block	Sell	2023-07-17	539.45	312075	NSE

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Promoter 59.35%
FII 25.55%
Other Institutions 6.97%
Public 4.92%
Mutual Funds 3.12%

Name	Category	Shares
Harsh C Mariwala with Kishore V Mariwala for Aquarius Family Trust	PROMOTER	11.12%
Harsh C Mariwala with Kishore V Mariwala for Valentine Family Trust	PROMOTER	11.12%
Harsh C Mariwala with Kishore V Mariwala for Taurus Family Trust	PROMOTER	11.12%
Harsh C Mariwala with Kishore V Mariwala for Gemini Family Trust	PROMOTER	11.12%
Rajvi H Mariwala	PROMOTER	2.2%
Harsh C Mariwala	PROMOTER	2.17%
Rishabh H Mariwala	PROMOTER	1.93%
Ravindra.K.Mariwala	PROMOTER	1.73%
Archana H Mariwala	PROMOTER	1.31%
Anjali R Mariwala	PROMOTER	1.1%
Paula R Mariwala	PROMOTER	0.96%
Rajen K Mariwala	PROMOTER	0.59%
Sharrp Ventures Capital Private Limited (Formerly 'The Bombay Oil Private Limited')	PROMOTER	1.41%

OUR RESEARCH VIEW

Investment recommendation

High growth foods, digital, PC to dominate growth…

Call Date
06 May 2023

Entry Price 494.00

Target Price 570.00

Duration
12-18 Month

BUY View Report

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FINANCIALS

Sales

Operating Profit

Profit after Tax

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Equity

Reserves and Surplus

Debt

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Sales

Operating Profit

Profit after Tax

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PE

Debt/Equity

P BV

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Marico Ltd Stocks COMPARISON

Financials( ₹ in Cr)	Marico Ltd	Patanjali Foods Ltd	Adani Wilmar Ltd	Gujarat Ambuja Exports Ltd	Gokul Agro Resources Ltd
Price	505.30	1,402.50	335.40	161.70	113.80
% Change	-0.22	-0.17	-0.21	-1.25	0.93
Mcap ₹ Cr	65,378.34	50,769.80	43,591.23	7,416.71	1,679.04
Revenue TTM ₹ Cr	11,024.00	31,524.66	54,213.55	4,908.99	10,739.81
Net Profit TTM ₹ Cr	1,322.00	886.44	774.35	330.10	132.41
PE TTM	44.62	62.02	316.75	22.88	12.93
1 Year Return	5.25	46.75	-16.87	15.68	2.66
ROCE	42.07	13.16	18.22	17.83	28.15
ROE	36.99	11.07	14.20	14.50	23.63

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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,799.00 Cr FV: 1.00

Period	MF Net Purchase / (sold)	FII Net
LAST 1M	24,289.49	-9,580.22
LAST 3M	82,644.28	34,986.47
LAST 6M	142,142.07	66,572.41
LAST 12M	216,755.16	194,314.28

ANNOUNCEMENT
CORPORATE ACTION

No Data Found

Date	Action Type	Ratio
Mar 06, 2024	Dividend	650
Nov 07, 2023	Dividend	300
Mar 08, 2023	Dividend	450

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Marico Ltd Information

Stock PE (TTM)
44.62

Promoter Holding
59.39%

Book Value
32.5817

ROCE
42.07%

ROE
36.99%

Description

Marico Ltd is in the FMCG sector with the Market Capitalization of worth Rs. 67,675.24 crores, it is incorporated in the year 1990. It has reported consolidated sales of Rs. 2525.0 crores in June’2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 531642 and listed in the National Stock Exchange (NSE) with the code MARICO.

Marico Ltd, one of India’s leading consumer goods suppliers, provides its customers with health, beauty, and wellness products and services. Its headquarter is situated in Mumbai, and it also has eight manufacturing units around the country located in Pondicherry, Perundurai, Kanjikode, Jalgaon, Paldhi, Dehradun, Baddi, and Paonta Sahib. Marico is present in around 25 countries across two continents, Asia and Africa. It is believed that Marico touches the life of every third Indian through its brands such as Parachute, Saffola, Hair and Care, Nihar naturals Mediker, etc. Harsh Mariwala is the chairman of Marico Ltd and Saugata Gupta is the Managing Director and Chief Executive Officer of this company. The promoters of the company own 59.61% of the stake in the company, Foreign Institutional Investors (FII) own 24.98%, Domestic Institutional Investors (DII) own 9.66% of the stake, and others (such as public and retail investors) hold the balance of 5.75%.

In June 2021, quarterly net revenue was Rs. 2,043.0 crores, which has increased by approximately 34.76 % from Rs. 1,516.0 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 263.0 crores, which has seen an increase by nearly 3.14% from a net profit of Rs. 255.0 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1787.0 crores, which is also increased by 38.21% as compared to an operating profit of Rs. 1,293.0 crores for the quarter ending in June 2020. From Rs. 1.87 in June 2020, the EPS of Marico Ltd has increased and reached Rs. 2.04 per share in June 2021. Marico’s stock closed at Rs. 520.45 on 17th August’2021 (NSE) and has returned 25.88% in the last six months and 41.64% in the previous year.

Marico Ltd is in the FMCG sector with the Market Capitalization of worth Rs. 67,675.24 crores, it is incorporated in the year 1990. It has reported consolidated sales of Rs. 2525.0 crores in June’2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 531642 and listed in the National Stock Exchange (NSE) with the code MARICO.

Marico Ltd, one of India’s leading consumer goods suppliers, provides its customers with health, beauty, and wellness products and services. Its headquarter is situated in Mumbai, and it also has eight manufacturing units around the country located in Pondicherry, Perundurai, Kanjikode, Jalgaon, Paldhi, Dehradun, Baddi, and Paonta Sahib. Marico is present in around 25 countries across two continents, Asia and Africa. It is believed that Marico touches the life of every third Indian through its brands such as Parachute, Saffola, Hair and Care, Nihar naturals Mediker, etc. Harsh Mariwala is the chairman of Marico Ltd and Saugata Gupta is the Managing Director and Chief Executive Officer of this company. The promoters of the company own 59.61% of the stake in the company, Foreign Institutional Investors (FII) own 24.98%, Domestic Institutional Investors (DII) own 9.66% of the stake, and others (such as public and retail investors) hold the balance of 5.75%.

In June 2021, quarterly net revenue was Rs. 2,043.0 crores, which has increased by approximately 34.76 % from Rs. 1,516.0 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 263.0 crores, which has seen an increase by nearly 3.14% from a net profit of Rs. 255.0 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1787.0 crores, which is also increased by 38.21% as compared to an operating profit of Rs. 1,293.0 crores for the quarter ending in June 2020. From Rs. 1.87 in June 2020, the EPS of Marico Ltd has increased and reached Rs. 2.04 per share in June 2021. Marico’s stock closed at Rs. 520.45 on 17th August’2021 (NSE) and has returned 25.88% in the last six months and 41.64% in the previous year.

Marico share price as on 20 Apr 2024 is Rs. 505.3. Over the past 6 months, the Marico share price has decreased by 7.99% and in the last one year, it has increased by 5.25%. The 52-week low for Marico share price was Rs. 462.7 and 52-week high was Rs. 595.

Registered Address

7th Floor Grande Palladium, 175 CST Rd Kalina Santacruz(E), Mumbai, Maharashtra, 400098

Tel	:	91-022-66480480
Email	:	investor:marico.com
Website	:	http://www.marico.com

Registrar

Link Intime India Pvt Ltd

AGM Date (Month)	:	Aug
Face Value Equity Shares	:	1
Market Lot Equity Shares	:	1
BSE Code	:	531642
NSE Code	:	MARICO
Book Closure Date (Month)	:
BSE Group	:	A
ISIN	:	INE196A01026

FAQ’s on Marico Ltd Shares

How can I buy Marico Ltd share?

You can buy Marico Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Marico Ltd Share.

What is the share price of Marico Ltd?

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:50 PM the closing price of Marico Ltd was ₹ 505.30.

What is the market cap of Marico Ltd ?

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:50 PM, the market cap of Marico Ltd stood at ₹ 65,378.34.