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 1,066,494 - -
Change - -4.73% 3.67% 31.24% 13.25% 11.59% - -
Enterprise Value (EV) 1 641,862 613,033 636,299 827,972 936,922 1,041,863 1,034,986 1,028,741
Change - -4.49% 3.8% 30.12% 13.16% 11.2% -0.66% -0.6%
P/E 53.1x 47.7x 43.5x 51.9x 54.2x 48.8x 42.5x 37.6x
PBR 19.4x 16.3x 16.8x 21.3x 22.6x 21.4x 18.6x 16.2x
PEG - 8.08x 3.2x 5.25x 6.61x 2x 2.9x 2.9x
Capitalization / Revenue 6.85x 6.35x 6.66x 7.79x 7.02x 7.03x 6.26x 5.67x
EV / Revenue 6.75x 6.28x 6.59x 7.64x 6.88x 6.87x 6.08x 5.47x
EV / EBITDA 38.2x 33.9x 31.4x 38.7x 40.2x 36.8x 31.4x 27.6x
EV / EBIT 41.6x 37x 34.1x 42.2x 44.1x 39.9x 34.3x 29.8x
EV / FCF 72.6x 49.6x 49.6x 68.9x 53.1x 50.7x 42.5x 37.3x
FCF Yield 1.38% 2.02% 2.02% 1.45% 1.88% 1.97% 2.35% 2.68%
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% 1.48% 1.68% 1.86%
EPS 2 9.49 10.05 11.43 12.56 13.59 16.84 19.33 21.82
Distribution rate 97.5% - 83.1% 83.6% 29.4% 72.1% 71.3% 70.1%
Net sales 1 95,120 97,640 96,530 108,310 136,110 151,640 170,318 188,003
EBITDA 1 16,810 18,100 20,260 21,390 23,280 28,333 32,964 37,214
EBIT 1 15,420 16,550 18,680 19,610 21,260 26,090 30,135 34,531
Net income 1 12,250 13,020 14,810 16,290 17,620 21,931 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 2 503.65 479.70 496.90 651.45 736.25 821.40 821.40 821.40
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 05/05/22 05/05/23 06/05/24 02/05/25 05/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.79x6.87x36.77x1.48% 11.11B
20.53x2.8x13.96x4.03% 242B
19.37x2.45x14.59x3.38% 77.68B
15.99x1.68x9.51x3.91% 43.98B
15.16x0.54x9.71x2.55% 39.46B
20.2x3.08x12.52x3.46% 33.53B
34.24x2.97x17.28x1.08% 30.01B
-8.41x1.84x9.16x6.72% 28.29B
62.69x9.62x39.88x1.22% 27.18B
11.23x0.37x8.47x2.61% 21.17B
Average 23.98x 3.22x 17.18x 3.04% 55.42B
Weighted average by Cap. 21.15x 2.80x 14.76x 3.52%

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