Marico Share FMCG company: Marico Limited (owner of popular brands such as Saffola, Parachute and Livon) increased its net income on a combined basis by 15,9 percent in the quarter ending December 2023.
The company’s operating profit on a consolidated level decreased by 1.94 percent year-on-year, to Rs 2,422 Crore, from Rs 2,470 Crore a year earlier.
A Global Financial brokerage firm, has given Marico shares a rating of ‘Reduced’ after the company’s results. The target price is Rs 600. The price is just Rs 10,5 more than what the BSE closed at on February 2nd when it was Rs 529.50.
What Is Said In The Research?
The Global Financial stated in its report that they must give a REDUCE Call due to the poor business performance of Marico, as well as weak international demand and currency-related issues. Management expects volume-driven, double-digit profit growth in FY2025.
The brokerage believes that Marico’s performance is unlikely to improve much. Taking into account the current condition of the business, has lowered the target price per share to Rs. 540.
How Much Return Did Marico Share Give In One Year?
Marico shares returned only 6 percent in the past year. The BSE market capitalization of the company is Rs 68 509.46 crore. The stock’s 52-week high is Rs 595 and the low is Rs 462.95.
By December 2023 the promoters will hold 59.39 % of the company, while the public will own 40.53%.
About Marico Ltd Company
Marico, a leading Indian consumer goods company in the beauty and wellness sector, is a global leader. In FY 2022/23, Marico’s products sold in India as well as certain markets in Asia and Africa generated USD 1.2 billion in revenue.
Marico’s portfolio, which includes brands such as Parachute Advansed, Mediker, Set Wet (Pure Sense), Coco Soul (Nihar Naturals), Livon, Just Herbs/True Elements (Beardo), etc. has a positive impact on the well-being of one-third of Indians.
Brands like Parachute Advanced and HairCode contribute to approximately 23% of Group revenue. Other brands include Black Chic, Code 10 Ingwe, X-Men Purite de Provence Oliv, Thuan Phat, Isoplus, and Fiancee.
Fundamental Analysis of Marico Ltd
| Market Cap | ₹ 68,509 Cr. |
| Current Price | ₹ 530 |
| 52-wk High | ₹ 595 |
| 52-wk Low | ₹ 463 |
| Stock P/E | 46.8 |
| Book Value | ₹ 32.6 |
| Dividend | 0.85 % |
| ROCE | 41.9 % |
| ROE | 35.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 16.2 |
| OPM | 20.6 % |
| EPS | ₹ 11.3 |
| Debt | ₹ 493 Cr. |
| Debt to Equity | 0.12 |
Marico Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹530 | ₹600 |
| 2025 | ₹621 | ₹634 |
| 2026 | ₹650 | ₹679 |
| 2027 | ₹690 | ₹732 |
| 2028 | ₹750 | ₹760 |
| 2029 | ₹790 | ₹822 |
| 2030 | ₹834 | ₹900 |
Marico Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 59.48% |
| Mar 2023 | 59.42% |
| June 2023 | 59.41% |
| Sept 2023 | 59.40% |
| Dec 2023 | 59.38% |
| FII Holding | |
| Dec 2022 | 25.07% |
| Mar 2023 | 24.97% |
| June 2023 | 24.96% |
| Sept 2023 | 25.91% |
| Dec 2023 | 25.69% |
| DII Holding | |
| Dec 2022 | 9.78% |
| Mar 2023 | 9.99% |
| June 2023 | 10.20% |
| Sept 2023 | 9.50% |
| Dec 2023 | 9.63% |
| Govt. Holding | |
| Dec 2022 | 0.10% |
| Mar 2023 | 0.10% |
| June 2023 | 0.10% |
| Sept 2023 | 0.10% |
| Dec 2023 | 0.10% |
| Public Holding | |
| Dec 2022 | 5.46% |
| Mar 2023 | 5.43% |
| June 2023 | 5.20% |
| Sept 2023 | 4.99% |
| Dec 2023 | 5.12% |
| Others Holding | |
| Dec 2022 | 0.09% |
| Mar 2023 | 0.11% |
| June 2023 | 0.11% |
| Sept 2023 | 0.11% |
| Dec 2023 | 0.08% |
Marico Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 7,334 Cr |
| 2020 | ₹ 7,315 Cr |
| 2021 | ₹ 8,048 Cr |
| 2022 | ₹ 9,521 Cr |
| 2023 | ₹ 9,651 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,131 Cr |
| 2020 | ₹ 1,043 Cr |
| 2021 | ₹ 1,199 Cr |
| 2022 | ₹ 1,255 Cr |
| 2023 | ₹ 1,487 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.12 |
| 2020 | 0.11 |
| 2021 | 0.11 |
| 2022 | 0.1 |
| 2023 | 0.13 |
Last 10 Years’ Profit Growth:
| 10 Years: | 13% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| Current Year: | 17% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 36% |
| 5 Years: | 37% |
| 3 Years: | 37% |
| Last Year: | 36% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Current Year: | -1% |
Conclusion
This article is a complete guide about Marico Ltd Share.
This information and forecasts are based on our research, company fundamentals, history, experiences, and various technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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