Marico Limited

BSE:531642 Stock Report

Market Cap: ₹813.7b

Marico Valuation

Is 531642 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 531642 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 531642 (₹628.25) is trading above our estimate of fair value (₹243.07)

Significantly Below Fair Value: 531642 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 531642?

Key metric: As 531642 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 531642. This is calculated by dividing 531642's market cap by their current earnings.
What is 531642's PE Ratio?
PE Ratio51.2x
Earnings₹15.88b
Market Cap₹813.68b

Price to Earnings Ratio vs Peers

How does 531642's PE Ratio compare to its peers?

The above table shows the PE ratio for 531642 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58x
TATACONSUM Tata Consumer Products
76.5x21.9%₹880.1b
PATANJALI Patanjali Foods
64x33.3%₹636.5b
BRITANNIA Britannia Industries
53.1x11.8%₹1.1t
AWL Adani Wilmar
38.5x11.7%₹378.1b
531642 Marico
51.2x10.3%₹813.7b

Price-To-Earnings vs Peers: 531642 is good value based on its Price-To-Earnings Ratio (51.2x) compared to the peer average (58x).

Price to Earnings Ratio vs Industry

How does 531642's PE Ratio compare vs other companies in the IN Food Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARIIND Zuari Industries
1.3xn/aUS$116.64m
SARVESHWAR Sarveshwar Foods
3.3xn/aUS$109.10m
539594 Mishtann Foods
2.4xn/aUS$104.77m
507315 Sakthi Sugars
4.4xn/aUS$43.13m
531642 51.2xIndustry Avg. 25.2xNo. of Companies26PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 531642 is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the Indian Food industry average (25.2x).

Price to Earnings Ratio vs Fair Ratio

What is 531642'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.

531642 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.2x
Fair PE Ratio37.6x

Price-To-Earnings vs Fair Ratio: 531642 is expensive based on its Price-To-Earnings Ratio (51.2x) compared to the estimated Fair Price-To-Earnings Ratio (37.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 531642 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹628.25
₹706.55
+12.5%
9.7%₹823.00₹482.00n/a38
Dec ’25₹645.60
₹706.55
+9.4%
9.7%₹823.00₹482.00n/a38
Nov ’25₹646.40
₹708.00
+9.5%
9.7%₹823.00₹482.00n/a38
Oct ’25₹693.40
₹702.58
+1.3%
11.5%₹821.00₹470.00n/a38
Sep ’25₹647.85
₹696.66
+7.5%
11.4%₹801.00₹460.00n/a38
Aug ’25₹674.95
₹633.97
-6.1%
9.9%₹755.00₹460.00n/a39
Jul ’25₹620.05
₹625.33
+0.9%
9.6%₹755.00₹460.00n/a39
Jun ’25₹595.45
₹607.23
+2.0%
7.0%₹678.00₹460.00n/a39
May ’25₹517.70
₹576.00
+11.3%
7.0%₹650.00₹451.00n/a39
Apr ’25₹495.95
₹579.46
+16.8%
6.3%₹650.00₹496.00n/a39
Mar ’25₹524.85
₹579.46
+10.4%
6.3%₹650.00₹496.00n/a39
Feb ’25₹536.00
₹578.18
+7.9%
6.1%₹650.00₹496.00n/a38
Jan ’25₹541.95
₹593.46
+9.5%
5.9%₹660.00₹535.00n/a38
Dec ’24₹537.00
₹594.40
+10.7%
5.7%₹660.00₹538.00₹645.6038
Nov ’24₹534.85
₹596.09
+11.5%
5.9%₹660.00₹538.00₹646.4037
Oct ’24₹561.50
₹611.17
+8.8%
6.5%₹690.00₹527.00₹693.4035
Sep ’24₹568.15
₹608.14
+7.0%
6.3%₹690.00₹527.00₹647.8537
Aug ’24₹557.70
₹607.73
+9.0%
6.2%₹690.00₹527.00₹674.9537
Jul ’24₹530.85
₹575.57
+8.4%
6.2%₹690.00₹525.00₹620.0535
Jun ’24₹556.20
₹574.29
+3.3%
6.6%₹690.00₹490.00₹595.4535
May ’24₹497.95
₹557.03
+11.9%
6.7%₹650.00₹460.00₹517.7033
Apr ’24₹479.70
₹560.50
+16.8%
6.3%₹650.00₹460.00₹495.9532
Mar ’24₹495.15
₹565.54
+14.2%
6.7%₹650.00₹460.00₹524.8535
Feb ’24₹503.95
₹572.00
+13.5%
6.4%₹645.00₹460.00₹536.0035
Jan ’24₹509.85
₹572.77
+12.3%
6.5%₹645.00₹460.00₹541.9535
Dec ’23₹501.90
₹572.34
+14.0%
6.5%₹645.00₹460.00₹537.0035

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 01:01
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Marico Limited is covered by 79 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nihal JhamAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Aniruddha JoshiAnand Rathi Shares and Stock Brokers Limited