MARICO Stock Overview
Marico Bangladesh Limited manufactures and markets consumer products in Bangladesh.
Marico Bangladesh Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||৳2,493.20|
|52 Week High||৳2,510.00|
|52 Week Low||৳2,261.00|
|1 Month Change||3.55%|
|3 Month Change||6.50%|
|1 Year Change||7.01%|
|3 Year Change||37.14%|
|5 Year Change||141.89%|
|Change since IPO||496.46%|
Recent News & Updates
|MARICO||BD Personal Products||BD Market|
Return vs Industry: MARICO exceeded the BD Personal Products industry which returned -8.7% over the past year.
Return vs Market: MARICO exceeded the BD Market which returned -10.8% over the past year.
|MARICO Average Weekly Movement||1.2%|
|Personal Products Industry Average Movement||5.5%|
|Market Average Movement||4.7%|
|10% most volatile stocks in BD Market||6.5%|
|10% least volatile stocks in BD Market||2.5%|
Stable Share Price: MARICO is less volatile than 75% of BD stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: MARICO's weekly volatility (1%) has been stable over the past year.
About the Company
Marico Bangladesh Limited manufactures and markets consumer products in Bangladesh. It provides coconut oil under the Parachute brand; hair oil products under the Parachute Advansed, Nihar Naturals Shanti Badam Amla, Parachute Advansed Extra Care, Parachute Advansed Aloe Vera, Nihar Naturals Joba Amla, Nihar Naturals 5 Seeds, Nihar Lovely, Red King Men’s Cooling Oil, and Parachute Advansed Beliphool brands; hair serum under the Livon Silky Potion brand; hair colour under the HairCode Egypt Herbal Powder and HairCode Egypt Mehedi Crème Color brands; and edible oils and foods under the Saffola Active and Saffola Honey brands. The company also offers male grooming products, such as perfume spray, hair gel, soap, cream, face wash, power brightening cream, and shampoo under the Studio X brands; skin care products under the Parachute SkinPure Body Lotion, Parachute SkinPure Petroleum Jelly, Parachute SkinPure Aloe Vera Gel, Parachute SkinePure Beauty Olive Oil, Parachute SkinePure facewash, and Parachute SkinePure coco olive soap brands; and baby care products, including baby oil, lotion, shampoo, toothpaste, rash and face cream, wash, soap, and powder under the Parachute Just for Baby brand.
Marico Bangladesh Fundamentals Summary
|MARICO fundamental statistics|
Is MARICO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MARICO income statement (TTM)|
|Cost of Revenue||৳5.98b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||112.82|
|Net Profit Margin||27.27%|
How did MARICO perform over the long term?See historical performance and comparison
7.2%Current Dividend Yield
Does MARICO pay a reliable dividends?See MARICO dividend history and benchmarks
|Marico Bangladesh dividend dates|
|Ex Dividend Date||Aug 22 2022|
|Dividend Pay Date||Sep 20 2022|
|Days until Ex dividend||2 days|
|Days until Dividend pay date||31 days|
Does MARICO pay a reliable dividends?See MARICO dividend history and benchmarks
Is MARICO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MARICO?
Other financial metrics that can be useful for relative valuation.
|What is MARICO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MARICO's PE Ratio compare to its peers?
|MARICO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
KOHINOOR Kohinoor Chemical Company (Bangladesh)
RECKITTBEN Reckitt Benckiser (Bangladesh)
MARICO Marico Bangladesh
Price-To-Earnings vs Peers: MARICO is good value based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (46.1x).
Price to Earnings Ratio vs Industry
How does MARICO's PE Ratio compare vs other companies in the Asian Personal Products Industry?
Price-To-Earnings vs Industry: MARICO is good value based on its Price-To-Earnings Ratio (22.1x) compared to the Asian Personal Products industry average (24.6x)
Price to Earnings Ratio vs Fair Ratio
What is MARICO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||22.1x|
|Fair PE Ratio||26.8x|
Price-To-Earnings vs Fair Ratio: MARICO is good value based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).
Share Price vs Fair Value
What is the Fair Price of MARICO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MARICO (BDT2493.2) is trading above our estimate of fair value (BDT1427.8)
Significantly Below Fair Value: MARICO is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Marico Bangladesh forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MARICO's forecast earnings growth (7.1% per year) is above the savings rate (3.6%).
Earnings vs Market: MARICO's earnings (7.1% per year) are forecast to grow slower than the BD market (11.5% per year).
High Growth Earnings: MARICO's earnings are forecast to grow, but not significantly.
Revenue vs Market: MARICO's revenue (12.3% per year) is forecast to grow faster than the BD market (9.2% per year).
High Growth Revenue: MARICO's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MARICO's Return on Equity is forecast to be very high in 3 years time (130.4%).
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How has Marico Bangladesh performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MARICO has high quality earnings.
Growing Profit Margin: MARICO's current net profit margins (27.3%) are lower than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: MARICO's earnings have grown by 19.3% per year over the past 5 years.
Accelerating Growth: MARICO's earnings growth over the past year (14.3%) is below its 5-year average (19.3% per year).
Earnings vs Industry: MARICO earnings growth over the past year (14.3%) exceeded the Personal Products industry -1.4%.
Return on Equity
High ROE: MARICO's Return on Equity (132.2%) is considered outstanding.
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How is Marico Bangladesh's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MARICO's short term assets (BDT5.7B) exceed its short term liabilities (BDT4.2B).
Long Term Liabilities: MARICO's short term assets (BDT5.7B) exceed its long term liabilities (BDT122.3M).
Debt to Equity History and Analysis
Debt Level: MARICO is debt free.
Reducing Debt: MARICO had no debt 5 years ago.
Debt Coverage: MARICO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MARICO has no debt, therefore coverage of interest payments is not a concern.
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What is Marico Bangladesh current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MARICO's dividend (7.22%) is higher than the bottom 25% of dividend payers in the BD market (1.15%).
High Dividend: MARICO's dividend (7.22%) is in the top 25% of dividend payers in the BD market (3.8%)
Stability and Growth of Payments
Stable Dividend: MARICO's dividend payments have been volatile in the past 10 years.
Growing Dividend: MARICO's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.9%), MARICO's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (172.3%), MARICO's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Saugata Gupta (55 yo)
Mr. Saugata Gupta serves as Managing Director and Chief Executive Officer at Marico Bangladesh Limited. He has been the Chief Executive Officer of Marico Limited since April 2013 and also has been its Mana...
Experienced Management: MARICO's management team is considered experienced (2.8 years average tenure).
Experienced Board: MARICO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marico Bangladesh Limited's employee growth, exchange listings and data sources
- Name: Marico Bangladesh Limited
- Ticker: MARICO
- Exchange: DSE
- Founded: 1999
- Industry: Personal Products
- Sector: Household
- Implied Market Cap: ৳78.536b
- Shares outstanding: 31.50m
- Website: https://www.marico.com/bangladesh
- Marico Bangladesh Limited
- The Glass House
- Level-06, Plot : 02, Block : SE (B)
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/19 00:00|
|End of Day Share Price||2022/08/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.