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Market Watch

Marico Ltd.

Overview
News
Financials
Technicals
Peers
Shareholdings
MF
F&O
Corporate Actions
About

Marico Ltd.

404.55-2.45 (-0.60%)

Live
As On: 09:33 AM IST
As On: 09:33 AM IST

Sector: FMCG
Industry: Personal Care

OPEN TRADING A/C

Open405.00
High406.60
Low403.30
Prev Close407.00
Volume2,39,412
VWAP(₹)404.93

Insights

Rank 189 - ET 5002020 ranking

Dividend Announcement
Company announced a dividend of Rs 4.5 per share on Feb 17, 2021 with record date of Mar 12, 2021.
Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 6.53% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)
Sell Signal: Bearish trend in offing
5 day moving crossover appeared yesterday. Average price decline of -1.92% within 7 days of this signal in last 5 years.
Stock Returns vs Nifty 100
Stock gave a 3 year return of 31.93% as compared to Nifty 100 which gave a return of 42.14%. (as of last trading session)

Found Insights useful?

Key Metrics

PE Ratio(x)45.58
EPS - TTM(₹)8.87
MCap(₹ Cr.)52,554.88
MCap Rank7
PB Ratio(x)17.31
Div Yield(%)1.67
Face Value(₹)1.00
52W High(₹)433.95
52W Low(₹)234.00
MCap/Sales4.85
Beta(1 Month)0.57
BV/Share(₹)23.51

Returns

1 Day-0.6%
1 Month-0.89%
3 Months2.4%
1 Year37.95%
3 Years31.13%
5 Years70.52%

Marico News & Analysis

View all News & Announcements

Marico Recommendations

No Recent Recos Available

View Past Recommendations

Financials

Income (P&L)

	Dec 2020	Sep 2020	Jun 2020	Mar 2020	Dec 2019
Total Income	2,146.00	2,016.00	1,944.00	1,528.00	1,853.00
Total Income Growth (%)	6.45	3.70	27.23	-17.54	-0.59
Total Expenses	1,745.00	1,666.00	1,428.00	1,262.00	1,483.00
Total Expenses Growth (%)	4.74	16.67	13.15	-14.90	-1.85
EBIT	401.00	350.00	516.00	266.00	370.00
EBIT Growth (%)	14.57	-32.17	93.98	-28.11	4.82
Profit after Tax (PAT)	307.00	264.00	381.00	194.00	272.00
PAT Growth (%)	16.29	-30.71	96.39	-28.68	10.12
EBIT Margin (%)	18.69	17.36	26.54	17.41	19.97
Net Profit Margin (%)	14.31	13.10	19.60	12.70	14.68
Basic EPS (₹)	2.38	2.05	2.95	1.51	2.11

	Dec 2020	Sep 2020	Jun 2020	Mar 2020	Dec 2019
Total Income	1,744.00	1,695.00	1,535.00	1,293.00	1,510.00
Total Income Growth (%)	2.89	10.42	18.72	-14.37	-2.89
Total Expenses	1,390.00	1,330.00	1,210.00	1,000.00	1,175.00
Total Expenses Growth (%)	4.51	9.92	21.00	-14.89	-3.61
EBIT	354.00	365.00	325.00	293.00	335.00
EBIT Growth (%)	-3.01	12.31	10.92	-12.54	-0.30
Profit after Tax (PAT)	293.00	313.00	255.00	227.00	269.00
PAT Growth (%)	-6.39	22.75	12.33	-15.61	3.86
EBIT Margin (%)	20.30	21.53	21.17	22.66	22.19
Net Profit Margin (%)	16.80	18.47	16.61	17.56	17.81
Basic EPS (₹)	2.29	2.42	1.97	1.75	2.09

	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Total Revenue	7,439.00	7,437.00	6,406.81	6,015.10	6,110.65
Total Revenue Growth (%)	0.03	16.08	6.51	-1.56	5.50
Total Expenses	6,036.00	6,179.00	5,289.67	4,865.40	5,081.42
Total Expenses Growth (%)	-2.31	16.81	8.72	-4.25	2.24
Profit after Tax (PAT)	1,021.00	1,114.00	814.49	798.59	711.48
PAT Growth (%)	-8.35	36.77	1.99	12.24	24.07
Operating Profit Margin (%)	19.86	17.69	17.92	19.70	17.44
Net Profit Margin (%)	13.95	15.18	12.88	13.49	11.82
Basic EPS (₹)	7.91	8.64	6.32	6.21	5.53

	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Total Revenue	6,161.00	6,272.00	5,387.63	5,112.61	5,138.23
Total Revenue Growth (%)	-1.77	16.41	5.38	-0.50	6.56
Total Expenses	4,884.00	5,089.00	4,329.90	3,970.89	4,194.13
Total Expenses Growth (%)	-4.03	17.53	9.04	-5.32	2.52
Profit after Tax (PAT)	1,006.00	1,129.00	718.23	842.70	701.86
PAT Growth (%)	-10.89	57.19	-14.77	20.07	28.74
Operating Profit Margin (%)	22.38	20.21	20.60	23.79	19.38
Net Profit Margin (%)	17.18	18.90	13.89	17.37	14.18
Basic EPS (₹)	7.80	8.76	5.58	6.55	5.44

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 6.53% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)
Quarterly Revenue Growth Comparison
Company reported total income growth on both quarterly & yearly basis. Total income for Dec 31, 2020 quarter was Rs 2146.0 cr which is an increase of 6.45% QoQ and 15.81% YoY. (Source: Consolidated Financials)

Balance Sheet

Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Total Assets	5,002.00	4,909.00	4,081.49	3,632.75	3,381.17
Total Assets Growth (%)	1.89	20.27	12.35	7.44	8.19
Total Liabilities	1,966.00	1,922.00	1,526.15	1,293.73	1,349.49
Total Liabilities Growth (%)	2.29	25.94	17.97	-4.13	4.87
Total Equity	3,036.00	2,987.00	2,555.34	2,339.02	2,031.68
Total Equity Growth (%)	1.64	16.89	9.25	15.13	10.51
Current Ratio (x)	1.78	1.86	1.92	1.91	1.60
Total Debt to Equity (x)	0.11	0.12	0.12	0.10	0.08
Contingent Liabilities	666.00	608.00	321.34	290.76	935.48

Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Total Assets	4,765.00	4,758.00	4,019.89	3,763.01	3,492.64
Total Assets Growth (%)	0.15	18.36	6.83	7.74	8.10
Total Liabilities	1,261.00	1,269.00	978.70	838.77	894.96
Total Liabilities Growth (%)	-0.63	29.66	16.68	-6.28	0.76
Total Equity	3,504.00	3,489.00	3,041.19	2,924.24	2,597.68
Total Equity Growth (%)	0.43	14.72	4.00	12.57	10.88
Current Ratio (x)	2.32	2.35	2.45	2.44	1.90
Total Debt to Equity (x)	0.03	0.04	0.04	0.04	0.01
Contingent Liabilities	570.00	515.00	411.95	286.71	923.26

All figures in Rs Cr, unless mentioned otherwise

Cash Flows

Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Net Cash flow from Operating Activities	1,218.00	1,062.00	554.54	648.73	817.62
Net Cash used in Investing Activities	-44.00	-334.00	16.87	-91.52	-196.88
Net Cash flow from Financing Activities	-1,146.00	-698.00	-567.46	-573.95	-600.99
Net Cash Flow	45.00	-3.00	7.92	-50.51	14.10
Closing Cash & Cash Equivalent	93.00	48.00	50.57	42.65	93.16
Closing Cash & Cash Equivalent Growth (%)	93.75	-5.08	18.57	-54.22	20.38
Total Debt/ CFO (x)	0.28	0.33	0.56	0.37	0.19

Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Net Cash flow from Operating Activities	969.00	785.00	418.57	470.69	656.73
Net Cash used in Investing Activities	128.00	-79.00	177.38	87.48	-130.16
Net Cash flow from Financing Activities	-1,080.00	-704.00	-602.28	-560.01	-532.32
Net Cash Flow	17.00	2.00	-6.33	-1.84	-5.75
Closing Cash & Cash Equivalent	27.00	10.00	7.41	13.74	9.20
Closing Cash & Cash Equivalent Growth (%)	170.00	34.95	-46.07	49.35	-38.46
Total Debt/ CFO (x)	0.11	0.17	0.29	0.23	0.04

All figures in Rs Cr, unless mentioned otherwise

Insights

Decrease in Cash from Investing
Company has used Rs 44.0 cr for investing activities which is an YoY decrease of 86.83%. (Source: Consolidated Financials)

Ratios

Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Return on Equity (%)	33.77	37.44	32.03	34.33	35.26
Return on Capital Employed (%)	45.16	40.75	43.19	48.93	50.78
Return on Assets (%)	20.41	22.69	19.95	21.98	21.04
Interest Coverage Ratio (x)	29.06	32.45	70.09	70.34	50.91
Asset Turnover Ratio (x)	146.24	149.39	154.89	162.90	177.96
Price to Earnings (x)	34.84	40.00	51.81	47.62	44.05
Price to Book (x)	11.73	14.97	16.55	16.33	15.51
EV/EBITDA (x)	22.30	31.03	34.53	30.24	27.20
EBITDA Margin (%)	21.77	19.48	19.33	21.23	19.02

Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Return on Equity (%)	28.71	32.35	23.61	28.81	27.01
Return on Capital Employed (%)	36.17	33.48	34.71	39.16	36.75
Return on Assets (%)	21.11	23.72	17.86	22.39	20.09
Interest Coverage Ratio (x)	39.70	50.29	141.10	91.68	64.88
Asset Turnover Ratio (x)	122.83	125.49	128.62	128.90	141.65
Price to Earnings (x)	35.34	39.53	58.82	45.25	44.64
Price to Book (x)	10.12	12.77	13.84	12.99	12.04
EV/EBITDA (x)	24.94	33.81	37.24	31.20	30.18
EBITDA Margin (%)	24.31	21.95	21.89	25.11	20.88

Found Financials useful?

Technicals

Buy/Sell Signals
5 Day EMA Crossover
Bearish signal on daily chart
Appeared on: 4 Mar 2021
5D EMA: 407.67
Last Signal 25 Feb 2021 (Loss -4.66%)
Average price decline of -1.92% within 7 days of Bearish signal in last 5 years
MACD Crossover
Bearish signal on weekly chart
Appeared on: 26 Feb 2021
Region: Positive
Last Signal 1 Oct 2020 (Loss -4.46%)
Average price decline of -4.22% within 7 weeks of Bearish signal in last 10 years
Stochastic Crossover
Bearish signal on weekly chart
Appeared on: 26 Feb 2021
Region: Equlibrium
Last Signal 29 Jan 2021 (Loss -2.38%)
Average price decline of -4.07% within 7 weeks of Bearish signal in last 10 years
Price Analysis
44%
Positive Movement
since 1st Jan 2005
on basis
55%
Negative Movement
since 1st Jan 2005
on basis
Exclude
Global Meltdown1st Jan 2008 to 10th Nov 2008
Covid Crisis1st Feb 2020 to 31st Mar 2020
Pivot Levels
R1 411.43 Pivot
407.57
S1 403.13
R2 415.87 S2 399.27
R3 424.17 S3 390.97
Average True Range
5 Days 14 Days 28 Days
10.09 10.40 10.26

5 Days	14 Days	28 Days
10.09	10.40	10.26

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Peers

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Marico	45.86	17.31	33.77	45.16	20.41	7.26	19.86	14.25	7.91	1.78	0.11	0.28
Dabur India	58.03	13.95	21.87	27.24	15.44	4.31	21.61	16.67	8.18	1.98	0.07	0.29
Godrej Consumer	44.67	8.96	18.94	19.76	10.00	2.35	20.76	15.09	14.64	1.06	0.34	1.68
Colgate-Palmo	47.65	133.46	131.45	139.57	48.02	4.33	24.51	21.62	31.92	1.07	0.01	0.01
P&G	63.63	36.53	37.40	48.64	23.68	8.22	19.98	14.42	133.42	2.23	0.00	0.00
Add More

Annual Ratios (%)

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Stock Performance

CHART
TABLE

Choose from Peers
Choose from Stocks

NAME	1D	1W	1M	3M	1Y	3Y	5Y
Marico	-0.50	1.86	-0.80	2.51	38.09	31.26	70.68
Dabur India	0.22	4.42	0.69	4.59	1.43	61.65	110.52
Godrej Consumer	-0.10	0.76	-7.68	-2.58	6.30	-3.52	66.04
Colgate-Palmo	0.02	2.49	1.93	5.17	20.64	54.58	91.48
P&G	-0.08	0.78	5.37	19.01	26.43	40.00	116.35
Add More

Insights

Stock Returns vs Nifty 100
Stock gave a 3 year return of 31.93% as compared to Nifty 100 which gave a return of 42.14%. (as of last trading session)
Stock Returns vs Nifty FMCG
Stock generated 31.93% return as compared to Nifty FMCG which gave investors 26.28% return over 3 year time period. (as of last trading session)

Found Peer Comparison useful?

Shareholding Patterns

Total Shareholdings
Category No. of Shares Percentage % Change QoQ
Promoters 76,97,75,740 59.61 % 0.00
Pledge 0 0.00 % 0.00
FII 31,19,79,826 24.16 % 0.50
DII 12,89,96,978 9.99 % -0.27
MF 2,73,96,846 2.12 % -0.37
Others 8,05,22,084 6.24 % -0.23
QoQ Change
Category 31 Dec 2020 30 Sep 2020 30 Jun 2020 31 Mar 2020
Promoters 59.61 59.61 59.62 59.60
Pledge 0.00 0.00 0.00 0.00
FII 24.16 23.66 23.72 22.69
DII 9.99 10.26 9.76 10.51
Mutual Funds 2.12 2.49 3.35 3.89
Others 6.24 6.47 6.90 7.20

Category	No. of Shares	Percentage	% Change QoQ
Promoters	76,97,75,740	59.61 %	0.00
Pledge	0	0.00 %	0.00
FII	31,19,79,826	24.16 %	0.50
DII	12,89,96,978	9.99 %	-0.27
MF	2,73,96,846	2.12 %	-0.37
Others	8,05,22,084	6.24 %	-0.23

Category	31 Dec 2020	30 Sep 2020	30 Jun 2020	31 Mar 2020
Promoters	59.61	59.61	59.62	59.60
Pledge	0.00	0.00	0.00	0.00
FII	24.16	23.66	23.72	22.69
DII	9.99	10.26	9.76	10.51
Mutual Funds	2.12	2.49	3.35	3.89
Others	6.24	6.47	6.90	7.20

Mutual Funds Ownership

MF Ownership as on 31 January 2021

Franklin India Flexi Cap Direct-G
Equity: Flexi Cap
3
- 199.49
  Amount Invested (in Cr.)
- 2.21%
  % of AUM
- 0.00
  % Change (MoM basis)
UTI Flexi Cap Direct-G
Equity: Flexi Cap
5
- 160.80
  Amount Invested (in Cr.)
- 1.1%
  % of AUM
- 0.00
  % Change (MoM basis)
IDFC Arbitrage Direct-G
Hybrid: Arbitrage
3
- 65.66
  Amount Invested (in Cr.)
- 0.95%
  % of AUM
- 4.50
  % Change (MoM basis)

More Schemes

Futures & Options

Options
- Type
- Expiry Month
- Strike Price
Date Price
27-09-2020Current
0.00-159.75 (-100.00%)
0.00
Open
0.00
High
0.00
Low
159.75
Close
0
Contracts Traded
0.00
Turnover (₹ Lakhs)
Futures
- Expiry Month
Date Price
27-09-2020Current
405.15-2.55 (-0.63%)
404.05
Open
409.70
High
402.30
Low
407.70
Prev Close
1,476
Contracts Traded
11,984.22
Turnover (₹ Lakhs)

Date	Price
27-09-2020Current	0.00-159.75 (-100.00%)
0.00 Open	0.00 High	0.00 Low
159.75 Close	0 Contracts Traded	0.00 Turnover (₹ Lakhs)

Date	Price
27-09-2020Current	405.15-2.55 (-0.63%)
404.05 Open	409.70 High	402.30 Low
407.70 Prev Close	1,476 Contracts Traded	11,984.22 Turnover (₹ Lakhs)

Corporate Actions

Recent
Board Meeting
Quarterly Results & Interim Dividend
Oct 13, 2020
Interim Dividend
300%
Oct 13, 2020
General Meeting
-
Aug 06, 2020

Board Meetings

Announced on	Meeting on
Oct 13, 2020	Oct 28, 2020
Quarterly Results & Interim Dividend
Jul 10, 2020	Jul 27, 2020
Quarterly Results
May 04, 2020	May 04, 2020
Audited Results
Mar 03, 2020	Mar 06, 2020
Interim Dividend
Jan 06, 2020	Jan 30, 2020
Quarterly Results & Interim Dividend

Dividends
Announced on Ex-Date Dividend%
Oct 13, 2020 Nov 05, 2020 300%
Mar 03, 2020 Mar 16, 2020 75%
Jan 06, 2020 Feb 06, 2020 325%
Oct 03, 2019 Nov 04, 2019 275%
Jan 03, 2019 Feb 12, 2019 275%

Announced on	Ex-Date	Dividend%
Oct 13, 2020	Nov 05, 2020	300%
Mar 03, 2020	Mar 16, 2020	75%
Jan 06, 2020	Feb 06, 2020	325%
Oct 03, 2019	Nov 04, 2019	275%
Jan 03, 2019	Feb 12, 2019	275%

Bonus

Announced on	Ex-Date
Nov 04, 2015	Dec 22, 2015
Bonus Ratio: 1 share(s) for every 1 shares held
Mar 15, 2004	May 06, 2004
Bonus Ratio: 1 share(s) for every 1 shares held
Apr 18, 2002	Aug 14, 2002
Bonus Ratio: 1 share(s) for every 1 shares held

Splits
Announced on Ex-Date
Jan 12, 2007 Feb 21, 2007
Split: Old FV10.0| New FV:1.0
Rights
No Data Available

Announced on	Ex-Date
Jan 12, 2007	Feb 21, 2007
Split: Old FV10.0\| New FV:1.0

AGM/EGM Meetings

Announced on	Meeting on
Aug 06, 2020	Aug 28, 2020
-
Jul 08, 2019	Aug 01, 2019
-
Jul 09, 2018	Aug 02, 2018
-
Jul 06, 2017	Aug 01, 2017
Book closure from Jul 28, 2017 to Aug 1, 2017
Jul 12, 2016	Aug 05, 2016
Book closure from Jul 30, 2016 to Aug 5, 2016

About

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 52,554.88 Crore) operating in FMCG sector.

Marico Ltd. key Products/Revenue Segments include Edible Oil, Personal Care, Others, Export Incentives, Scrap for the year ending 31-Mar-2020.

For the quarter ended 31-12-2020, the company has reported a Consolidated Total Income of Rs 2,146.00 Crore, up 6.45 % from last quarter Total Income of Rs 2,016.00 Crore and up 15.81 % from last year same quarter Total Income of Rs 1,853.00 Crore. Company has reported net profit after tax of Rs 312.00 Crore in latest quarter.

The company’s top management includes Mr.Harsh Mariwala, Mr.Sanjay Dube, Mr.Ananth Sankaranarayanan, Mr.Nikhil Khattau, Ms.Hema Ravichandar, Mr.B S Nagesh, Mr.Rishabh Mariwala, Mr.Rajendra Mariwala, Mr.Saugata Gupta, Mr.K B S Anand. Company has B S R & Co. LLP as its auditors. As on 31-12-2020, the company has a total of 129.13 Crore shares outstanding.

About Marico

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 52,554.88 Crore) operating in FMCG sector. Show More

Industry

Personal Care

Key Indices Listed On

Nifty Next 50, Nifty 100, Nifty 200, Nifty 500, S&P BSE 500

Address

7th Floor, Grande Palladium,175, CST Road, Kalina,Santacruz (East),Mumbai, Maharashtra - 400098

Contact

investor@marico.com

http://www.marico.com

Executive Leadership

Amit Prakash

Chief Human Resource Officer

Ananth Sankaranarayanan

Independent Director

B S Nagesh

Independent Director

Harsh Mariwala

Chairman & Non-Exe.Director

Auditors

B S R & Co. LLP

Marico Share Price Update

Marico Ltd. share price moved down by -0.60% from its previous close of Rs 407.00. Marico Ltd. stock last traded price is 404.55

Share Price	Value
Today/Current/Last	404.55404.65
Previous Day	407.00406.95

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Technicals

Buy/Sell Signals
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Price Analysis
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Average True Range
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Pivot Levels
Pivot points are indicative support and resistance levels which are calculated on basis of previous day’s high, low and closing prices. Pivot level for Monday’s trade would be based on Friday’s prices and Monday’s, high, low and close price would go into calculation of pivot levels for Tuesday’s trading session.
There are two underlying assumptions in pivot points. First, the specific price level indicated by R1, R2 and R3 may act as a barrier or resistance in an uptrend. So, if a stock moves up above these pivots levels, the uptrend gets confirmed. Second these specific price levels may see an increased activity, hence may be used as levels to book profit by traders with a long positions. For traders with short position, these points are often helpful in determining what should be the stop loss for a trade.
Similarly, in case of support levels as indicated by S1, S2 and S3, they may act as price level where a stock might get a breather when it is slipping southward. In case these supports levels are broken it is a confirmation of a down trend. The stock may also see increased activity close to pivot levels. They may be used by trader may use them to put stop loss for a long trade. If a trader has short position, the pivot level may help in determine a level, where profit may be booked.
Like any other technical indicator, pivots levels cannot and should not be used as single factor while taking a trading decision. They should be combined with other technical indicators. It could be short term moving averages, stochastic, moving average convergence divergence (MACD) or overbought level as indicated by relative strength index (RSI). For example, if a breakdown of support level (S1, S2 or S3) is accompanied with stock price also moving below its short term moving average or stochastic on daily charts giving a sell signal, it would add to weightage to the decision of taking a short trade.

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R1	411.43	Pivot 407.57	S1	403.13
R2	415.87		S2	399.27
R3	424.17		S3	390.97