Marico Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 43%)
- ✓Efficient capital deployment (ROCE 47.2%)
- ✓Low debt relative to equity (D/E 0.1x)
Concerns
- ✗Premium to sector peers (P/E 59.7x vs industry 39.4x)
- ✗High premium to book value (P/B 25x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HINDUNILVR Hindustan Unilever Limited | ₹2,121 | ₹4.9L Cr | 45 | 10.25 | 22.3 | 28.4 | 0.04 |
| ITC ITC Limited | ₹281 | ₹3.5L Cr | 17 | 4.85 | 29.3 | 38.9 | 0.01 |
| NESTLEIND Nestle India Limited | ₹1,391 | ₹2.7L Cr | 79.2 | 52.1 | 74.3 | 85.4 | 0.09 |
| VBL Varun Beverages Limited | ₹522 | ₹1.8L Cr | 57.2 | 9.01 | 16.2 | 19.7 | 0.13 |
| BRITANNIA Britannia Industries Limited | ₹5,129 | ₹1.2L Cr | 48.7 | 24.19 | 53.6 | 56 | 0.59 |
| TATACONSUM TATA CONSUMER PRODUCTS LIMITED | ₹1,132 | ₹1.1L Cr | 74.4 | 5.14 | 7.35 | 9.24 | 0.13 |
| GODREJCP Godrej Consumer Products Limited | ₹995 | ₹1.0L Cr | 50.4 | 8.03 | 16.5 | 19.1 | 0.34 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MARICO · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 59.38% | 59.34% | 59.28% | 59.20% | 59.11% | 59.05% |
| FII | 25.69% | 25.55% | 24.61% | 24.87% | 23.35% | 22.09% |
| DII | 9.63% | 9.78% | 11.10% | 11.12% | 12.76% | 14.12% |
| Public | 5.12% | 5.13% | 4.80% | 4.61% | 4.61% | 4.53% |
| Govt | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Others | 0.08% | 0.11% | 0.11% | 0.11% | 0.08% | 0.12% |
Corporate Events
Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, May 5, 2026, to inter-a
Dividend - Rs 7 Per Share
Interim Dividend - Rs 3.50 Per Share
Interim Dividend - Rs. 6.50 Per Share
Interim Dividend - Rs 3 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.5K Cr ▲1.6% | ₹3.5K Cr ▲6.8% | ₹3.3K Cr ▲19.4% | ₹2.7K Cr ▼2.3% | ₹2.8K Cr ▲4.9% | ₹2.7K Cr ▲0.8% | ₹2.6K Cr ▲16.0% | ₹2.3K Cr |
| Op. Profit | ₹592 Cr ▲5.7% | ₹560 Cr ▼14.5% | ₹655 Cr ▲43.0% | ₹458 Cr ▼14.1% | ₹533 Cr ▲2.1% | ₹522 Cr ▼16.6% | ₹626 Cr ▲41.6% | ₹442 Cr |
| OPM | 17.0% ▲6.3% | 16.0% ▼20.0% | 20.0% ▲17.6% | 17.0% ▼10.5% | 19.0% ▼5.0% | 20.0% ▼16.7% | 24.0% ▲26.3% | 19.0% |
| Net Profit | ₹460 Cr ▲6.5% | ₹432 Cr ▼15.8% | ₹513 Cr ▲48.7% | ₹345 Cr ▼15.0% | ₹406 Cr ▼6.2% | ₹433 Cr ▼8.6% | ₹474 Cr ▲48.1% | ₹320 Cr |
| EPS (₹) | 3.44 ▲6.2% | 3.24 ▼16.7% | 3.89 ▲46.8% | 2.65 ▼14.0% | 3.08 ▼5.8% | 3.27 ▼8.7% | 3.58 ▲45.5% | 2.46 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹13.6K Cr ▲25.7% | ₹10.8K Cr ▲12.2% | ₹9.7K Cr ▼1.1% | ₹9.8K Cr ▲2.6% | ₹9.5K Cr ▲18.2% | ₹8.0K Cr ▲10.0% | ₹7.3K Cr ▼0.3% | ₹7.3K Cr ▲16.0% | ₹6.3K Cr ▲6.8% | ₹5.9K Cr |
| Expenses | ₹11.3K Cr ▲29.8% | ₹8.7K Cr ▲14.0% | ₹7.6K Cr ▼4.1% | ₹8.0K Cr ▲1.6% | ₹7.8K Cr ▲21.2% | ₹6.5K Cr ▲10.5% | ₹5.8K Cr ▼2.7% | ₹6.0K Cr ▲15.9% | ₹5.2K Cr ▲9.0% | ₹4.8K Cr |
| Op. Profit | ₹2.3K Cr ▲8.8% | ₹2.1K Cr ▲5.6% | ₹2.0K Cr ▲11.9% | ₹1.8K Cr ▲7.7% | ₹1.7K Cr ▲5.8% | ₹1.6K Cr ▲8.2% | ₹1.5K Cr ▲10.9% | ₹1.3K Cr ▲16.5% | ₹1.1K Cr ▼1.9% | ₹1.2K Cr |
| OPM | 17.0% ▼15.0% | 20.0% ▼4.8% | 21.0% ▲10.5% | 19.0% ▲5.6% | 18.0% ▼10.0% | 20.0% ▲0.0% | 20.0% ▲11.1% | 18.0% ▲0.0% | 18.0% ▼10.0% | 20.0% |
| Other Income | ₹204 Cr ▼1.9% | ₹208 Cr ▲46.5% | ₹142 Cr ▼1.4% | ₹144 Cr ▲46.9% | ₹98 Cr ▼8.4% | ₹107 Cr ▲12.6% | ₹95 Cr ▼7.8% | ₹103 Cr ▲21.2% | ₹85 Cr ▼11.5% | ₹96 Cr |
| Interest | ₹53 Cr ▲0.0% | ₹53 Cr ▼27.4% | ₹73 Cr ▲30.4% | ₹56 Cr ▲43.6% | ₹39 Cr ▲14.7% | ₹34 Cr ▼32.0% | ₹50 Cr ▲25.0% | ₹40 Cr ▲150.0% | ₹16 Cr ▼5.9% | ₹17 Cr |
| Depreciation | ₹202 Cr ▲13.5% | ₹178 Cr ▲12.7% | ₹158 Cr ▲1.9% | ₹155 Cr ▲11.5% | ₹139 Cr ▲0.0% | ₹139 Cr ▼0.7% | ₹140 Cr ▲6.9% | ₹131 Cr ▲47.2% | ₹89 Cr ▼1.1% | ₹90 Cr |
| PBT | ₹2.3K Cr ▲7.6% | ₹2.1K Cr ▲9.2% | ₹1.9K Cr ▲11.1% | ₹1.7K Cr ▲8.9% | ₹1.6K Cr ▲5.1% | ₹1.5K Cr ▲10.8% | ₹1.4K Cr ▲9.3% | ₹1.3K Cr ▲12.5% | ₹1.1K Cr ▼2.8% | ₹1.1K Cr |
| Tax % | 20.0% ▼9.1% | 22.0% ▲0.0% | 22.0% ▼8.3% | 24.0% ▲9.1% | 22.0% ▲4.8% | 21.0% ▼12.5% | 24.0% ▲140.0% | 10.0% ▼61.5% | 26.0% ▼10.3% | 29.0% |
| Net Profit | ₹1.8K Cr ▲9.3% | ₹1.7K Cr ▲10.4% | ₹1.5K Cr ▲13.6% | ₹1.3K Cr ▲5.3% | ₹1.3K Cr ▲4.7% | ₹1.2K Cr ▲15.0% | ₹1.0K Cr ▼7.8% | ₹1.1K Cr ▲36.8% | ₹827 Cr ▲2.0% | ₹811 Cr |
| EPS (₹) | 13.57 ▲8.0% | 12.57 ▲9.9% | 11.44 ▲13.6% | 10.07 ▲6.2% | 9.48 ▲4.4% | 9.08 ▲14.8% | 7.91 ▼8.3% | 8.63 ▲36.8% | 6.31 ▲1.9% | 6.19 |
| Div Payout | 30.0% ▼63.9% | 83.0% ▲0.0% | 83.0% ▲84.4% | 45.0% ▼53.6% | 97.0% ▲16.9% | 83.0% ▼2.4% | 85.0% ▲54.5% | 55.0% ▼17.9% | 67.0% ▲17.5% | 57.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹130 Cr ▲0.8% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr ▲0.0% | ₹129 Cr |
| Reserves | ₹3.9K Cr ▲2.0% | ₹3.8K Cr ▲3.9% | ₹3.7K Cr ▲0.9% | ₹3.7K Cr ▲14.0% | ₹3.2K Cr ▲3.5% | ₹3.1K Cr ▲7.5% | ₹2.9K Cr ▲1.7% | ₹2.8K Cr ▲17.9% | ₹2.4K Cr ▲9.9% | ₹2.2K Cr |
| Borrowings | ₹575 Cr ▲3.8% | ₹554 Cr ▲4.9% | ₹528 Cr ▼13.2% | ₹608 Cr ▲26.9% | ₹479 Cr ▼6.3% | ₹511 Cr ▲51.2% | ₹338 Cr ▼4.0% | ₹352 Cr ▲12.8% | ₹312 Cr ▲30.5% | ₹239 Cr |
| Other Liabilities | ₹4.1K Cr ▲8.0% | ₹3.8K Cr ▲25.4% | ₹3.0K Cr ▲25.1% | ₹2.4K Cr ▲29.4% | ₹1.9K Cr ▲10.4% | ₹1.7K Cr ▲4.5% | ₹1.6K Cr ▲2.2% | ₹1.6K Cr ▲28.9% | ₹1.2K Cr ▲14.9% | ₹1.1K Cr |
| Total Liabilities | ₹8.7K Cr ▲4.8% | ₹8.3K Cr ▲12.6% | ₹7.4K Cr ▲8.1% | ₹6.8K Cr ▲19.8% | ₹5.7K Cr ▲4.6% | ₹5.4K Cr ▲9.3% | ₹5.0K Cr ▲1.4% | ₹4.9K Cr ▲20.2% | ₹4.1K Cr ▲12.4% | ₹3.6K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹2.8K Cr ▲1.2% | ₹2.8K Cr ▲1.2% | ₹2.7K Cr ▲21.3% | ₹2.2K Cr ▲27.6% | ₹1.8K Cr ▲9.2% | ₹1.6K Cr ▲15.5% | ₹1.4K Cr ▲7.4% | ₹1.3K Cr ▲17.1% | ₹1.1K Cr ▲2.3% | ₹1.1K Cr |
| CWIP | ₹52 Cr ▲30.0% | ₹40 Cr ▼9.1% | ₹44 Cr ▼34.3% | ₹67 Cr ▲71.8% | ₹39 Cr ▲62.5% | ₹24 Cr ▼58.6% | ₹58 Cr ▲28.9% | ₹45 Cr ▲66.7% | ₹27 Cr ▲145.5% | ₹11 Cr |
| Investments | ₹1.4K Cr ▼12.3% | ₹1.6K Cr ▲164.1% | ₹602 Cr ▼45.1% | ₹1.1K Cr ▲32.4% | ₹828 Cr ▼3.0% | ₹854 Cr ▲16.5% | ₹733 Cr ▲62.9% | ₹450 Cr ▼17.1% | ₹543 Cr ▼10.7% | ₹608 Cr |
| Other Assets | ₹4.4K Cr ▲14.1% | ₹3.9K Cr ▼2.3% | ₹4.0K Cr ▲17.5% | ₹3.4K Cr ▲11.2% | ₹3.0K Cr ▲3.9% | ₹2.9K Cr ▲5.7% | ₹2.8K Cr ▼10.4% | ₹3.1K Cr ▲29.6% | ₹2.4K Cr ▲24.6% | ₹1.9K Cr |
| Total Assets | ₹8.7K Cr ▲4.8% | ₹8.3K Cr ▲12.6% | ₹7.4K Cr ▲8.1% | ₹6.8K Cr ▲19.8% | ₹5.7K Cr ▲4.6% | ₹5.4K Cr ▲9.3% | ₹5.0K Cr ▲1.4% | ₹4.9K Cr ▲20.2% | ₹4.1K Cr ▲12.4% | ₹3.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.4K Cr ▼1.7% | ₹1.4K Cr ▼2.3% | ₹1.4K Cr ▲39.7% | ₹1.0K Cr ▼49.4% | ₹2.0K Cr ▲65.3% | ₹1.2K Cr ▲14.3% | ₹1.1K Cr ▲105.8% | ₹516 Cr ▼20.5% | ₹649 Cr ▼20.7% | ₹818 Cr |
| Investing CF | ₹-621 Cr ▼452.8% | ₹176 Cr ▲119.0% | ₹-928 Cr ▼310.4% | ₹441 Cr ▲147.3% | ₹-933 Cr ▼4140.9% | ₹-22 Cr ▲94.0% | ₹-367 Cr ▼722.0% | ₹59 Cr ▲147.2% | ₹-125 Cr ▲38.4% | ₹-203 Cr |
| Financing CF | ₹-649 Cr ▲57.9% | ₹-1.5K Cr ▼175.4% | ₹-560 Cr ▲56.6% | ₹-1.3K Cr ▼21.9% | ₹-1.1K Cr ▲7.8% | ₹-1.1K Cr ▼64.3% | ₹-698 Cr ▼23.1% | ₹-567 Cr ▲1.2% | ₹-574 Cr ▲4.5% | ₹-601 Cr |
| Net Cash Flow | ₹93 Cr ▲342.9% | ₹21 Cr ▲130.4% | ₹-69 Cr ▼141.3% | ₹167 Cr ▲943.8% | ₹16 Cr ▼64.4% | ₹45 Cr ▲1600.0% | ₹-3 Cr ▼137.5% | ₹8 Cr ▲115.7% | ₹-51 Cr ▼464.3% | ₹14 Cr |
| Free Cash Flow | ₹1.2K Cr ▼2.6% | ₹1.2K Cr ▼0.2% | ₹1.2K Cr ▲39.9% | ₹884 Cr ▼52.7% | ₹1.9K Cr ▲80.9% | ₹1.0K Cr ▲12.5% | ₹919 Cr ▲136.9% | ₹388 Cr ▼31.6% | ₹567 Cr ▼22.4% | ₹731 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43d ▲7.5% | 40d ▲5.3% | 38d ▲52.0% | 25d ▲38.9% | 18d ▼33.3% | 27d ▲3.8% | 26d ▲30.0% | 20d ▲33.3% | 15d ▲0.0% | 15d |
| Inventory Days | 93d ▼19.8% | 116d ▲23.4% | 94d ▼11.3% | 106d ▼1.9% | 108d ▼31.2% | 157d ▲6.8% | 147d ▼22.6% | 190d ▼1.6% | 193d ▲75.5% | 110d |
| Days Payable | 103d ▼24.8% | 137d ▲22.3% | 112d ▲10.9% | 101d ▼7.3% | 109d ▲0.9% | 108d ▲10.2% | 98d ▼4.9% | 103d ▼3.7% | 107d ▲33.8% | 80d |
| Cash Conv. Cycle | 33d ▲73.7% | 19d ▼5.0% | 20d ▼33.3% | 30d ▲76.5% | 17d ▼77.6% | 76d ▲2.7% | 74d ▼30.2% | 106d ▲5.0% | 101d ▲119.6% | 46d |
| Working Capital Days | 16d ▲14.3% | 14d ▲600.0% | 2d ▼60.0% | 5d ▲145.5% | -11d ▼145.8% | 24d ▼11.1% | 27d ▼27.0% | 37d ▲60.9% | 23d | 0d |
| ROCE | 45.0% ▲4.7% | 43.0% ▲2.4% | 42.0% ▼2.3% | 43.0% ▲0.0% | 43.0% ▲0.0% | 43.0% ▲2.4% | 42.0% ▲0.0% | 42.0% ▼6.7% | 45.0% ▲2.3% | 44.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Marico Limited
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]
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