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Marico Limited MARICO.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Defensive · website

Marico Limited statistics & valuation

Market cap₹1.09T
P / E61.7×
P / S8.0×
P / B25.8×
P / FCF61.6×
Net margin12.9%
FCF margin13.0%
Net debt₹1.5B
Enterprise value USD$11.4B
Earnings yield EBIT/EV2%
Return on capital35.6%
Graham number -88.1%₹99.67

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹99.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.40% 15.50% 15.00% 12.90% 2023202420252026
Gross margin (%)
42.10% 47.70% 50.30% 44.50% 2023202420252026
Operating margin (%)
17.10% 19.50% 18.10% 15.60% 2023202420252026
Return on equity (%)
34.30% 38.60% 41.00% 41.90% 2023202420252026
Shares outstanding
1.30B 1.30B 1.30B 1.30B 2023202420252026
Net debt (₹)
₹4.01B ₹3.00B ₹2.34B ₹1.53B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
18.70% 20.00% 19.50% 17.50% 2023202420252026
Free cash flow margin (%)
12.80% 12.90% 11.10% 13.00% 2023202420252026
Debt / equity (×)
0.16× 0.14× 0.14× 0.13× 2023202420252026
EPS (₹)
₹10.05 ₹11.43 ₹12.56 ₹13.59 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Marico Limited trades at about 61.7× earnings — near its 10-year norm (10-year range 45.3×–57×, median 56.6×).

45.3× 61.7×

Shaded band = 10-year range (45.3×–57×); dot = today's 61.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin44.5%50.3%47.7%42.1%
Operating margin15.6%18.1%19.5%17.1%
Net margin12.9%15.0%15.5%13.4%
FCF margin13.0%11.1%12.9%12.8%
Return on assets17.5%19.5%20.0%18.7%
Return on equity41.9%41.0%38.6%34.3%
Debt / equity0.00×0.00×0.00×
Current ratio1.432.071.641.57

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.