Valuation Marico Limited

Equities

Market Closed - Bombay S.E. Other stock markets 03:30:49 22/04/2026 pm IST			5-day change	1st Jan Change
772.70 ^INR	+1.36%		+2.67%	+2.96%

21/04	Indian plastic maker Alternicq says Iran war has pushed up costs	RE
02/04	India's Marico expects double-digit operating profit growth in fourth-quarter	RE

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	5,31,391	6,51,112	6,20,293	6,43,039	8,43,952	10,03,080	-	-
Change	-	22.53%	-4.73%	3.67%	31.24%	18.86%	-	-
Enterprise Value (EV) ¹	5,19,101	6,41,862	6,13,033	6,36,299	8,27,972	9,84,366	9,79,646	9,73,904
Change	-	23.65%	-4.49%	3.8%	30.12%	18.89%	-0.48%	-0.59%
P/E ratio	45.3x	53.1x	47.7x	43.5x	51.9x	56.6x	48.4x	42.3x
PBR	16.4x	19.4x	16.3x	16.8x	21.3x	22.4x	20.4x	18.3x
PEG	-	11.76x	8.08x	3.2x	5.25x	6.44x	2.9x	3x
Capitalization / Revenue	6.6x	6.85x	6.35x	6.66x	7.79x	7.42x	6.84x	6.18x
EV / Revenue	6.45x	6.75x	6.28x	6.59x	7.64x	7.28x	6.68x	6x
EV / EBITDA	32.7x	38.2x	33.9x	31.4x	38.7x	42.1x	35.6x	31x
EV / EBIT	35.8x	41.6x	37x	34.1x	42.2x	45.9x	38.7x	33.5x
EV / FCF	27x	72.6x	49.6x	49.6x	68.9x	63.2x	49.1x	42.2x
FCF Yield	3.71%	1.38%	2.02%	2.02%	1.45%	1.58%	2.04%	2.37%
Dividend per Share ²	7.5	9.25	-	9.5	10.5	10.54	12.14	13.58
Rate of return	1.82%	1.84%	-	1.91%	1.61%	1.36%	1.57%	1.76%
EPS ²	9.08	9.49	10.05	11.43	12.56	13.66	15.97	18.26
Distribution rate	82.6%	97.5%	-	83.1%	83.6%	77.1%	76%	74.4%
Net sales ¹	80,480	95,120	97,640	96,530	1,08,310	1,35,260	1,46,756	1,62,287
EBITDA ¹	15,890	16,810	18,100	20,260	21,390	23,374	27,494	31,416
EBIT ¹	14,500	15,420	16,550	18,680	19,610	21,425	25,285	29,034
Net income ¹	11,720	12,250	13,020	14,810	16,290	17,649	20,642	23,618
Net Debt ¹	-12,290	-9,250	-7,260	-6,740	-15,980	-18,714	-23,433	-29,175
Reference price ²	411.50	503.65	479.70	496.90	651.45	772.70	772.70	772.70
Nbr of stocks (in thousands)	12,91,350	12,92,787	12,93,084	12,94,102	12,95,498	12,98,149	-	-
Announcement Date	30/04/21	05/05/22	05/05/23	06/05/24	02/05/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
MARICO LIMITED	55.8x	7.18x	41.54x	1.38%	1.06TCr
NESTLÉ S.A.	18.96x	2.78x	13.63x	4.17%	25TCr
MONDELEZ INTERNATIONAL, INC.	19.15x	2.33x	13.7x	3.7%	7.2TCr
DANONE	17.43x	1.78x	10.04x	3.53%	5TCr
THE HERSHEY COMPANY	23.25x	3.46x	14.12x	3.03%	3.82TCr
ARCHER-DANIELS-MIDLAND COMPANY	16.67x	0.48x	9.89x	2.97%	3.37TCr
AJINOMOTO CO., INC.	35.52x	3.08x	17.15x	1.02%	2.84TCr
NESTLÉ INDIA LIMITED	80.57x	11.71x	52.3x	1.02%	2.84TCr
KRAFT HEINZ	10.7x	1.78x	8.69x	7.31%	2.61TCr
Average	30.89x	3.84x	20.12x	3.12%	5.95TCr
Weighted average by Cap.	23.48x	3.06x	15.66x	3.65%