MARICOFast Moving Consumer Goods

Marico Limited

Edible Oil · ISIN INE196A01026 · BSE 531642 · NSE EQ · FV ₹1
Last price
₹817
+0.85%today
What this company does

Marico Limited operates in Edible Oil, part of the Fast Moving Consumer Goods sector. It booked ₹3,957 cr of revenue in its latest quarter (Q1 FY27) and kept 15.9% of sales as profit. It is the largest of 9 Edible Oil companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 27–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns93

How much profit it earns on the money it employs

Balance sheet75

How much it owes, and whether earnings cover the interest

Cash quality74

Whether reported profit actually arrives as cash

Growth & consistency71

Whether sales and profit have grown, and how steadily

Valuation20

What today's price implies, against our models or its peers

Governance & risk84

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 16% net margin
Sales up 21% vs last year
Profit up 25% vs last year
Promoters hold 59%
Strong 60% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! 2.0% of promoter stake pledged

What if I invest in MARICO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹817 +0.85%
latest close · 2026-09-17
1-year return
+56.5%
52-wk low ₹45652-wk high ₹889
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio42.0High
LowAverageHigh
P/B ratio25.23High
Below bookModerateHigh
EV / EBITDA30.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity59.9%Strong
WeakFairStrong ▸15%
Return on capital54.3%Strong
WeakFairStrong
Net margin15.9%Strong
ThinDecentStrong
EBITDA margin21.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.08Comfortable
LowModerateHigh ▸1
Interest cover38.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.43Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.06 L cr
Book value
₹32
EPS
₹4.86
latest quarter
Net debt
₹-49 cr
more cash than debt
Enterprise value
₹1.06 L cr
EBITDA
₹3,468 cr
annualised
EBIT
₹3,244 cr
annualised
Operating margin
20.5%
Return on assets
25.0%
Earnings yield
2.38%
P/S
6.71
Sales / share
₹121.8
Tax rate
17.5%
Face value
₹1
Shares
130.0 cr
Working capital
₹1,759 cr
Current assets
₹5,860 cr
Current liabilities
₹4,101 cr
Delivery %
66.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹165₹304, midpoint ₹169

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,957 cr
Other Income₹48 cr
Total Income₹4,005 cr
Cost of Materials₹1,751 cr
Purchases of Stock-in-Trade₹488 cr
Inventory Change (±)₹-127 cr
Employee Benefit Expense₹269 cr
Finance Costs₹21 cr
Depreciation & Amortisation₹56 cr
Other Expenses₹757 cr
Total Expenses₹3,215 cr
Profit before Tax₹790 cr
Tax Expense₹138 cr
Net Profit₹652 cr
Net margin on total income16.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,112 cr52.7%
Employee benefit expense₹269 cr6.7%
Finance costs₹21 cr0.5%
Depreciation & amortisation₹56 cr1.4%
Other expenses₹757 cr18.9%
Tax expense₹138 cr3.4%
Profit for the period₹652 cr16.3%
Total income ₹4,005 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,537 cr3,333 cr3,957 cr
Total income3,576 cr3,393 cr4,005 cr
Expenses3,009 cr2,889 cr3,215 cr
Profit before tax567 cr504 cr790 cr
Tax107 cr96 cr138 cr
Net profit (owners' share)447 cr391 cr630 cr
Net margin (owners' share, on revenue)12.6%11.7%15.9%
EPS (₹)3.453.044.86
YoY (latest quarter): total income +20.8% · net profit +25.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹10,075 cr
Shareholder equity
₹4,210 cr
parent shareholders
Total debt
₹355 cr
Cash
₹404 cr
Cash flow · H1 FY26
Operating
₹701 cr
Investing
₹600 cr
Financing
₹-1,203 cr
Peer comparison
Edible Oil · by market value
CompanyPriceMarket capP/E
Marico Limitedthis company₹817₹1.06 L cr42.0
Patanjali Foods Limited₹354₹38,560 cr28.7
AWL Agri Business Limited₹184₹23,774 cr17.0
Gokul Agro Resources Limited₹218₹6,438 cr13.1
Sundrop Brands Limited₹657₹2,478 cr51.0
Kriti Nutrients Limited₹80₹403 cr11.3
Gokul Refoils and Solvent Limited₹40₹393 cr16.3
Halder Venture Limited₹297₹345 cr26.7
M K Proteins Limited₹4₹153 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.49%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 30 Jul 2026
ActionDetailEx-date
Dividend₹4 / share30 Jul 2026
Dividend₹7 / share1 Aug 2025
Dividend₹3.5 / share7 Feb 2025
Dividend₹6.5 / share6 Mar 2024
Dividend₹3 / share7 Nov 2023
Dividend₹4.5 / share8 Mar 2023
Who owns it · 2026-06-30
2.0% pledged
Promoter
58.9%
FII / Foreign
23.4%
DII / Domestic
13.0%
Retail / others
4.5%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldPreeti Gautam Shah · Promoter Group4.00 L · ₹20.0 cr15 Mar 24
BoughtMr. Kishore V. Mariwala · Promoters39,999 · ₹2.3 cr4 Aug 23
SoldPreeti Gautam Shah · Promoter Group2.00 L · ₹9.7 cr14 Mar 23
Bulk / block deals
short · NSE18 Sep 26
short · NSE1426 Aug 26
short · NSE2,40025 Aug 26
Stake changes
SoldLife Insurance Corporation of India→ 3.00% · 2.58 cr11 Jun 25
SoldMitsubishi UFJ Financial Group (MUFG) alongwith PAC→ 4.27% · 2.83 cr13 Jun 24
BoughtLife Insurance Corporation of India→ 5.00% · 1.93 L5 Jan 21
Promoter pledges
PledgedTata Capital Financial Services Limited10.00 L · 0.00% held23 Dec 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 22 Sep 2025
See the official result
1
Appointment of Mr. Bhaskar Bhat (DIN: 00148778) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
42.30 cr votes for, 14.38 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 33 named members
owning 58.9% between them · as of 2026-06-30
Harsh C Mariwala with Rajen K Mariwala for Aquarius Family Trust11.08%
Harsh C Mariwala with Rajen K Mariwala for Valentine Family Trust11.08%
Harsh C Mariwala with Ravindra K Mariwala for Gemini Family Trust11.08%
Harsh C Mariwala with Ravindra K Mariwala for Taurus Family Trust11.08%
Rajvi H Mariwala2.19%
Harsh C Mariwala2.16%
Rishabh H Mariwala1.92%
Ravindra K Mariwala1.73%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.