Marico Limited

NSE: MARICO · Edible Oil · sector

₹775.15NSE close 2026-10-26

Key numbers

Market cap₹1,00,770 cr

Price₹775.15

52w high / low₹889 / ₹706

P/E53.1xSector median 17.9x

P/B23.9xSector median 1.0x

Book value₹32.4

Dividend yield0.98%Sector median 0.70%

ROE46.1%Sector median 11.6%

ROCE54.2%Sector median 11.6%

OPM17.4%Sector median 3.8%

Debt / equity0.08xSector median 0.23x

EV/EBITDA39.6xSector median 8.5x

Interest cover38.7x

Current ratio1.43x

Sales growth 3y+11.7%Sector median +8.4%

Profit growth 3y+10.6%Sector median +24.4%

PEG5.04x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Edible Oil (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2,441 cr vs borrowings ₹355 cr (FY26): cash is higher (net cash).
Borrowings fell in each of the last 3 years (₹475 cr → ₹355 cr).
Operating profit covered interest 38.7x in the last 12 months.
2.02% of the promoters' shares are pledged (1.2% of all shares).
Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 10% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹775.15 on 2026-10-26: -12.8% from the 52-week high, +9.8% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹878.70 · low ₹591.05

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2,664	2,794	2,730	3,259	3,482	3,537	3,333	3,957
EBITDA	522	533	458	655	560	592	521	819
OPM %	19.6%	19.1%	16.8%	20.1%	16.1%	16.7%	15.6%	20.7%
Other income	82	42	47	56	49	39	60	48
Net profit	423	399	343	504	420	447	391	630
EPS (₹)	3.26	3.08	2.65	3.90	3.24	3.45	3.04	4.86
Revenue YoY					+30.7%	+26.6%	+22.1%	+21.4%
Profit YoY					-0.7%	+12.0%	+14.0%	+25.0%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	9,512	9,764	9,653	10,831	13,611	14,309
EBITDA	1,681	1,810	2,026	2,139	2,328	2,492
Net profit	1,225	1,302	1,481	1,629	1,762	1,888
EPS (₹)	9.50	10.08	11.46	12.59	13.62	14.59
Revenue growth		+2.6%	-1.1%	+12.2%	+25.7%	+25.0%
Profit growth		+6.3%	+13.7%	+10.0%	+8.2%	+13.1%
Dividend / share (₹)	9.25	4.50	9.50	3.50	7.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+11.7%	+11.1%	+25.0%
Net profit	+10.6%	+8.5%	+13.1%
EPS	+10.6%	+8.4%	–
Share price	–	+8.2% (2y)	+7.4%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	3,799	3,832	3,975	4,210
Borrowings	–	475	383	379	355
Cash & equivalents	–	1,334	1,202	2,152	2,441
Total assets	–	6,946	7,421	8,338	10,075
Fixed assets	–	808	909	940	1,090
Capital work in progress	–	67	44	40	85
Investments	–	518	343	215	135
Receivables	–	1,015	1,069	1,271	1,304
Inventory	–	1,225	1,336	1,235	1,611
Payables	–	1,452	1,581	1,363	1,634

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,016	1,419	1,436	1,363	2,084
Cash from investing	428	-929	176	-621	-722
Cash from financing	-1,290	-560	-1,542	-649	-1,279
Capex	132	182	153	161	319
Free cash flow	884	1,237	1,283	1,202	1,765

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	34.3%	38.6%	41.0%	41.9%
ROCE %	–	42.1%	47.7%	49.8%	51.0%
Debtor days	–	38	40	43	35
Inventory days	–	84	103	84	78
Payable days	–	99	122	92	79
Cash conversion cycle (days)	–	23	21	35	34
Working capital days	–	52	59	88	47

Shareholding

Holder	% (2026-09-30)
Promoters	58.83%
FIIs	22.26%
DIIs	14.10%
of which Mutual funds	9.19%
of which Insurance	4.46%
Government	0.00%
Public (non-institutions)	4.52%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	59.11%	59.05%	59.03%	58.94%	58.93%	58.93%	58.91%	58.83%

Promoter group	%
Harsh C Mariwala with Ravindra K Mariwala for Taurus Family Trust	11.07%
Harsh C Mariwala with Ravindra K Mariwala for Gemini Family Trust	11.07%
Harsh C Mariwala with Rajen K Mariwala for Valentine Family Trust	11.07%
Harsh C Mariwala with Rajen K Mariwala for Aquarius Family Trust	11.07%
Rajvi H Mariwala	2.18%
Harsh C Mariwala	2.16%
Rishabh H Mariwala	1.92%
Ravindra K Mariwala	1.72%
Sharrp Ventures Capital Private Limited (Formerly The Bombay Oil Private Limited)	1.41%
Archana H Mariwala	1.30%
Paula R Mariwala	1.05%
Anjali R Mariwala	0.99%
Rajen K Mariwala	0.56%
Rishabh Mariwala with Priyanjali Mariwala For Valley of Light Trust	0.42%
Rishabh Mariwala with Priyanjali Mariwala For Valour Trust	0.42%

Public holders above 1%	%
HDFC Mutual Fund	2.51%
Life Insurance Corporation of India	1.65%

2,98,597 shareholders. Pledged: 2.02% of promoter shares.

Peers in Edible Oil

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
MARICO	₹1,00,770 cr	53.1x	23.9x	46.1%	54.2%	17.4%	+11.7%	0.98%
PATANJALI	₹37,798 cr	19.2x	2.9x	16.1%	10.7%	4.2%	+8.4%	0.70%
AWL	₹22,318 cr	19.3x	2.1x	11.6%	20.0%	3.1%	+8.7%	–
GOKULAGRO	₹5,764 cr	13.7x	4.0x	34.2%	36.7%	3.1%	+30.9%	–
CIANAGRO	₹2,314 cr	7.2x	1.1x	15.6%	15.0%	23.4%	+97.5%	–
SVRL	₹1,639 cr	42.9x	15.0x	41.8%	65.4%	5.3%	+29.9%	0.13%
GOKUL	₹342 cr	16.5x	0.9x	5.8%	8.2%	0.9%	+9.5%	–
KRITINUT	₹328 cr	9.8x	1.4x	15.1%	19.3%	4.7%	+5.0%	5.00%
PRIMIND	₹301 cr	27.9x	4.1x	26.7%	12.8%	17.9%	+136.7%	–
HALDER	₹274 cr	9.2x	1.5x	16.1%	12.4%	4.3%	–	0.45%

All 29 companies in Edible Oil →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
India	₹10,348 cr	76.0%	₹1,661 cr	16.1%
International	₹3,263 cr	24.0%	₹813 cr	24.9%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-30	Dividend	Dividend - Rs 4 Per Share
2025-08-01	Dividend	Dividend - Rs 7 Per Share
2025-02-07	Dividend	Interim Dividend - Rs 3.50 Per Share
2024-03-06	Dividend	Interim Dividend - Rs. 6.50 Per Share
2023-11-07	Dividend	Interim Dividend - Rs 3 Per Share
2023-03-08	Dividend	Interim Dividend - Rs 4.50 Per Share
2022-02-04	Dividend	Interim Dividend - Rs 6.25 Per Share
2021-11-08	Dividend	Interim Dividend - Rs 3 Per Share
2021-03-10	Dividend	Interim Dividend - Rs 4.50 Per Share
2020-11-05	Dividend	Interim Dividend - Rs 3 Per Share
2020-03-16	Dividend	Interim Dividend - Rs 0.75 Per Share
2020-02-06	Dividend	Interim Dividend - Rs 3.25 Per Share
2019-11-04	Dividend	Interim Dividend - Rs 2.75 Per Sh
2019-02-12	Dividend	Interim Dividend - Rs 2.75 Per Share
2018-11-12	Dividend	Interim Dividend - Rs 2 Per Sh
2018-02-16	Dividend	Interim Dividend - Rs 2.50 Per Share (Purpose Revised)
2017-11-06	Dividend	Interim Dividend - Rs 1.75 Per Share (Purpose Revised)
2017-07-26	Other	Annual General Meeting
2017-02-09	Dividend	Interim Dividend Rs 2/- Per Share (Purpose Revised)
2016-11-16	Dividend	Interim Dividend - Rs 1.50/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Fast moving consumer goods: Packaged Food, Edible Oil and Personal Care


Sector	Fast Moving Consumer Goods
Industry	Edible Oil
Sub-industry	Edible Oil
Symbol	MARICO
BSE code	531642
ISIN	INE196A01026
Face value	₹1.0
Incorporated	1988-10-13
Website	www.marico.com
Plants (India / abroad)	6 / 8

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.