Company Valuation: Marico Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 651,112 620,293 643,039 843,952 955,762 1,100,901 - -
Change - -4.73% 3.67% 31.24% 13.25% 15.19% - -
Enterprise Value (EV) 1 641,862 613,033 636,299 827,972 936,922 1,075,547 1,066,352 1,058,579
Change - -4.49% 3.8% 30.12% 13.16% 14.8% -0.85% -0.73%
P/E 53.1x 47.7x 43.5x 51.9x 54.2x 51.6x 44.7x 39.9x
PBR 19.4x 16.3x 16.8x 21.3x 22.6x 22.3x 19.3x 17.2x
PEG - 8.08x 3.2x 5.25x 6.61x 2.5x 2.9x 3.3x
Capitalization / Revenue 6.85x 6.35x 6.66x 7.79x 7.02x 7.29x 6.55x 5.97x
EV / Revenue 6.75x 6.28x 6.59x 7.64x 6.88x 7.13x 6.34x 5.74x
EV / EBITDA 38.2x 33.9x 31.4x 38.7x 40.2x 38.3x 32.8x 29.1x
EV / EBIT 41.6x 37x 34.1x 42.2x 44.1x 41.9x 35.8x 31.6x
EV / FCF 72.6x 49.6x 49.6x 68.9x 53.1x 52.9x 44.5x 38.5x
FCF Yield 1.38% 2.02% 2.02% 1.45% 1.88% 1.89% 2.25% 2.6%
Dividend per Share 2 9.25 - 9.5 10.5 4 11.71 13.32 14.86
Rate of return 1.84% - 1.91% 1.61% 0.54% 1.38% 1.57% 1.75%
EPS 2 9.49 10.05 11.43 12.56 13.59 16.44 18.97 21.26
Distribution rate 97.5% - 83.1% 83.6% 29.4% 71.2% 70.2% 69.9%
Net sales 1 95,120 97,640 96,530 108,310 136,110 150,947 168,093 184,420
EBITDA 1 16,810 18,100 20,260 21,390 23,280 28,097 32,484 36,336
EBIT 1 15,420 16,550 18,680 19,610 21,260 25,670 29,762 33,452
Net income 1 12,250 13,020 14,810 16,290 17,620 21,377 24,691 27,567
Net Debt 1 -9,250 -7,260 -6,740 -15,980 -18,840 -25,354 -34,548 -42,322
Reference price 2 503.65 479.70 496.90 651.45 736.25 847.90 847.90 847.90
Nbr of stocks (in thousands) 1,292,787 1,293,084 1,294,102 1,295,498 1,298,149 1,298,385 - -
Announcement Date 5/5/22 5/5/23 5/6/24 5/2/25 5/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
51.59x7.13x38.29x1.38% 11.46B
20.81x2.99x14.68x3.75% 267B
20.54x2.4x14.18x3.53% 75.48B
18.91x1.93x10.86x3.25% 52.54B
18.33x0.55x10.51x2.5% 39.66B
21.47x3.19x12.98x3.37% 34.78B
39.96x3.35x19.84x0.89% 33.34B
11.95x1.93x9.49x6.4% 29.74B
69.6x10.39x44.11x1.09% 28.62B
13.4x0.4x9.17x2.49% 22.63B
Average 28.66x 3.42x 18.41x 2.87% 59.53B
Weighted average by Cap. 23.77x 2.97x 15.59x 3.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. MARICO Stock
  4. Valuation Marico Limited