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Marico Ltd

Updated on January 15, 2020

Stock/Share Code - MARICO

Marico is engaged in business is branded Consumer products.(Source : 201903 Annual Report Page No: 270)

Below is the details of MARICO Marico Ltd

Market Cap₹46,461 Cr.
Current Price ₹339.75 as on 10 Dec 19
52 Week High / Low Price₹404 / ₹324.25
Face Value₹1
Stock P/E38.18
Book Value₹31.02
Dividend Yield1.32 %
ROCE33.88 %
ROE33.38 %
Sales Growth (3yrs)7.10 %
IndustryPersonal Care - Indian
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 29.41% Company has been maintaining a healthy dividend payout of 61.36%
Cons: Stock is trading at 11.60 times its book value The company has delivered a poor growth of 10.15% over past five years. Tax rate seems low

Marico Ltd Price Chart

Marico Ltd Price Chart

Marico Ltd Peer Comparison in FMCG

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Dabur India ₹456.9 50.71 ₹81,125.9 Cr. 0.60 ₹402.97 Cr. 16.01 4.09 2211.97 28.61
2. Godrej Consumer ₹646.3 33.94 ₹74,117.5 Cr. 1.65 ₹413.88 Cr. 16.07 -1.14 2630.20 20.22
3. Marico 38.18 ₹46,461.09 Cr. 1.32 ₹259 Cr. 15.11 -2.81 1454.00 33.88
4. Emami ₹310.5 42.48 ₹14,305.77 Cr. 1.27 ₹96 Cr. 16.12 5.07 660.05 18.80
5. Jyothy Labs ₹152.9 29.92 ₹6,571.2 Cr. 1.68 ₹55.71 Cr. 15.82 8.68 474.85 16.91
6. Bajaj Consumer ₹3,232.5 15.66 ₹3,630.82 Cr. 5.69 ₹56.03 Cr. 11.24 2.55 220.12 58.31
7. Kaya Ltd ₹321.1 ₹459.01 Cr. 0.00 -₹9.48 Cr. -378.79 -5.52 101.53 -6.14
8. JHS Sven.Lab. ₹14.7 ₹74.61 Cr. 0.00 -₹0.54 Cr. 41.94 20.01 35.74 -0.18

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Marico Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
YOY Sales Growth %-7.87%6.62%-5.49%7.7%17.58%10.02%22.74%20.04%12.14%6.26%5.46%-2.81%
Material Cost %51.74%50.49%54.72%55.85%55.68%55.6%60.89%59.02%57.2%54.57%56.11%54.13%
Employee Cost %5.14%5.66%5.32%5.68%4.87%5.35%4.57%5.01%5.33%5.81%4.84%5.57%
Operating Profit214234252197253214282232262219349262
OPM %19%21%18%16%19%18%17%16%17%17%20%18%
Other Income15821213272-13238497977101
Profit before tax352232256210306182275286338286319327
Tax %25%30%23%24%22%34%22%21%22%-50%21%21%
Net Profit265163198160240120214225262430251259
EPS in Rs2.091.271.541.251.860.931.661.742.043.331.952.01

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales Growth %14.55%22.46%5.47%17.1%26.16%14.9%8.08%27.12%3.84%-0.21%6.58%15.49%%
Material Cost %47.72%51.26%45.07%48.04%49.83%44.66%44.67%49.22%45.19%42.9%48.05%50.93%%
Manufacturing Cost %14.52%13.94%13.44%14.67%14.01%14.89%15.34%13.7%13.35%13.24%12.67%12.11%%
Employee Cost %4.83%4.3%4.97%4.43%4.26%4.57%4.68%4.21%4.69%5.17%5.3%5.14%%
Other Cost %21.01%17.62%20.88%18.7%18.15%20.56%20.14%18.7%19.71%18.97%17.06%15.42%%
Operating Profit1852453143334085225596638299578759791,092
OPM %12%13%16%14%14%15%15%14%17%20%17%16%18%
Other Income27-28221015197235140191262154301302
Profit before tax1731712933753995427177319361,1429541,1871,270
Tax %17%17%20%16%16%21%20%25%26%26%25%5%
Net Profit1431422353153374295775456918437181,1321,202
EPS in Rs0.110.111.882.512.683.294.414.125.366.095.578.789.33
Dividend Payout %28%28%17%13%13%15%39%30%79%54%76%54%

Compounded Sales Growth

  • 10 Years:: 12.11%
  • 5 Years:: 10.15%
  • 3 Years:: 7.10%
  • TTM:: 5.03%

Compounded Profit Growth

  • 10 Years:: 20.16%
  • 5 Years:: 14.18%
  • 3 Years:: 17.43%
  • TTM:: 40.26%

Return on Equity

  • 10 Years:: 21.46%
  • 5 Years:: 16.88%
  • 3 Years:: 12.13%
  • 1 Year:: 0.88%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital6161616161646464129129129129129
Equity Capital60.960.960.9361.4461.4964.4864.4964.5129.02129.05129129129
Other Liabilities2502262932743774876366485997098521,0121,287
Trade Payables186.68177.28209.08164.11244.47312.19323.64408.66487.92480.24591718880
Total Liabilities8359011,2421,6992,0743,2013,1713,2623,3413,8024,0574,6785,416
Fixed Assets97116130222240335494482460519509536646
Gross Block228.9262.17294.46421.2466.81531.42722.52752.95527.8649.28704798
Accumulated Depreciation125.75140.96158.44179.25206.17189.73212.98259.4161.55123.44187261
Other Assets5836277939821,1251,4041,3081,4431,2501,6112,0162,6602,774
Trade receivables41.6861.0594.51118.98101.04123.85148.45130.55192.1227.61288430650
Cash Equivalents30.4222.9811.2115.9432.2622.03128.9596.97140.1777.2161339480
Loans n Advances292.04269.64316.9188.89103.05274.85143.87234.0392.25153.1126054653
Other Assets etc000303.81358.95274.62222.74189.8657.9169.7494111468
Total Assets8359011,2421,6992,0743,2013,1713,2623,3413,8024,0574,6785,416

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity47152173196363444256552629471409755
Profit from operations215257.58352.89355.3424.4535.47570.94679.96853.78993.449541028
Working Capital Changes-142.32-79.4-127.43-91.5715.51-3.93-157.3723.56-25.7-282.19-304-14
Taxes paid-25.6-26.52-52.31-67.5-76.84-87.18-157.22-151.47-199.07-240.56-241-259
Cash from Investing Activity-131-78-198-318-277-95310960-8687187-79
Fixed Assets Purchased-62.37-28.47-101.16-69.88-61.44-192.42-59.67-63.78-84.67-62.5-74-150
Fixed Assets Sold5.590.281.6850.680.140.193.590.2613.510.76213
Investments purchased0-12.1-69.76-75.34-278.88-175.16-243.32-181.69-3137.7-2352.67-2533-5678
Investments sold0.140069.4977.2281.0748.8225.482997.852355.1526135757
Cash from Financing Activity89-8014128-94521-369-612-549-560-602-674
Proceeds from Shares029.161.8328.593.09499.1900.60.50.0300
Proceeds from Borrowings138.35067.6268.83103.840000000
Interest Paid-16.59-34.85-19.76-31.22-30.3-43.32-30.66-281.79-15.44-13.13-8-12
Dividends Paid-32.49-47.72-46.67-47.07-47.28-66.05-154.41-287.31-500.69-508.73-635-701
Net Cash Flow5-7-127-813-3-1-6-2-62

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %41%39%38%29%27%24%28%29%35%38%33%34%
Debtor Days101217181213151014172026
Inventory Turnover7.497.736.245.706.035.505.366.436.245.244.324.69

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