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    Marico Limited

    FMCG maker of Parachute, Saffola and Livon; leader in coconut oil, edible oils and hair care.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    View MARICO earnings calls
    ₹844
    +1.50% from avg

    Overview

    Price

    ₹844

    Market Cap

    ₹1.1L Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    4

    Performance

    Explore MARICO

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital129129129129129129130130
    Reserves2.9k3.1k3.2k3.7k3.7k3.8k3.9k4.1k
    Borrowings338511479608528554575557
    Other Liabilities1.6k1.7k1.9k2.4k3.0k3.7k4.1k5.2k
    Total Liabilities5.0k5.4k5.7k6.8k7.4k8.3k8.7k9.9k
    AssetsFixed Assets1.4k1.6k1.8k2.2k2.7k2.8k2.8k3.6k
    CWIP5824396744405285
    Investments7338548281.1k6021.6k1.4k2.1k
    Other Assets2.8k2.9k3.0k3.4k4.0k3.9k4.4k4.1k
    Total Assets5.0k5.4k5.7k6.8k7.4k8.3k8.7k9.9k

    Valuation

    Assumptions

    Current — MARICO
    Price
    ₹856
    EPS (TTM)
    ₹13.58
    PE (TTM)
    63.0
    Profit growth
    11.1%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (51.8×) and current (63.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹856
    vs
    Fair value · 15% return
    ₹517
    40%Overvalued

    At 11.1% growth and a 52× exit, ₹856 only delivers your return if you pay ₹517. The price is currently baking in 22% growth.

    EPS grows 11.1%/yr for 5 years, then fades to 6% over 2, exits at 52×.

    YearGrowthEPS (₹)
    FY2711.1%15.09
    FY2811.1%16.76
    FY2911.1%18.62
    FY3011.1%20.69
    FY3111.1%22.99
    FY328.5% ·fade24.95
    FY336.0% ·fade26.45

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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