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 1,086,749 - -
Change - -4.73% 3.67% 31.24% 13.25% 13.7% - -
Enterprise Value (EV) 1 641,862 613,033 636,299 827,972 936,922 1,062,118 1,055,241 1,048,996
Change - -4.49% 3.8% 30.12% 13.16% 13.36% -0.65% -0.59%
P/E 53.1x 47.7x 43.5x 51.9x 54.2x 49.7x 43.3x 38.3x
PBR 19.4x 16.3x 16.8x 21.3x 22.6x 21.7x 19x 16.9x
PEG - 8.08x 3.2x 5.25x 6.61x 2.1x 2.9x 3x
Capitalization / Revenue 6.85x 6.35x 6.66x 7.79x 7.02x 7.07x 6.37x 5.76x
EV / Revenue 6.75x 6.28x 6.59x 7.64x 6.88x 6.91x 6.18x 5.56x
EV / EBITDA 38.2x 33.9x 31.4x 38.7x 40.2x 37.1x 32x 28.2x
EV / EBIT 41.6x 37x 34.1x 42.2x 44.1x 40.7x 35x 30.4x
EV / FCF 72.6x 49.6x 49.6x 68.9x 53.1x 51.7x 43.3x 38x
FCF Yield 1.38% 2.02% 2.02% 1.45% 1.88% 1.93% 2.31% 2.63%
Dividend per Share 2 9.25 - 9.5 10.5 4 12.14 13.78 15.31
Rate of return 1.84% - 1.91% 1.61% 0.54% 1.45% 1.65% 1.83%
EPS 2 9.49 10.05 11.43 12.56 13.59 16.84 19.34 21.83
Distribution rate 97.5% - 83.1% 83.6% 29.4% 72.1% 71.2% 70.1%
Net sales 1 95,120 97,640 96,530 108,310 136,110 153,664 170,661 188,764
EBITDA 1 16,810 18,100 20,260 21,390 23,280 28,593 32,964 37,214
EBIT 1 15,420 16,550 18,680 19,610 21,260 26,116 30,135 34,531
Net income 1 12,250 13,020 14,810 16,290 17,620 21,947 25,171 28,304
Net Debt 1 -9,250 -7,260 -6,740 -15,980 -18,840 -24,631 -31,507 -37,753
Reference price 2 503.65 479.70 496.90 651.45 736.25 837.00 837.00 837.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
49.51x6.89x37.01x1.46% 11.35B
20.75x2.86x14.24x3.93% 255B
20.06x2.52x14.99x3.27% 80.42B
17.47x1.81x10.23x3.58% 49.26B
14.83x0.53x9.71x2.6% 38.6B
22.44x3.39x13.71x3.12% 37.24B
37.36x3.22x18.62x0.97% 32.44B
-105.54x1.88x9.37x6.46% 29.4B
67.22x10.32x42.79x1.13% 29.34B
Average 16.01x 3.71x 18.96x 2.95% 62.56B
Weighted average by Cap. 17.43x 3.03x 15.60x 3.43%

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