Marico Share Price: Stock Analysis, History, and Forecast

marico share price

Marico Limited is one of India’s leading consumer goods companies operating globally. The company serves a variety of products including edible oils, hair care products, immunity boosters, skincare and male grooming products, to name a few. During the financial year 2020-21, Marico witnessed a turnover of about INR 80.5 billion through revenue generated by their products sold in the country and select markets in Africa and Asia.

Marico share is one of the most desired choices for investors interested in long term investments. However, it is salient to make wise decisions as stock investments are subject to market risk. 

This blog will walk you through to better understand Marico’s share price target, history, NSE, and BSE. So that you can know what the company’s share price has in store for you. 

Marico Limited Company Information

Marico Limited is an Indian business of consumer goods. The company is currently working in two segments: Consumer Services and Consumer Goods. The areas in which Marico Limited deals are beauty, health and wellness. It owns brands in health foods, hair care, fabric care, skincare, edible oils and male grooming. The consumer products are as follows: 

  • Parachute
  • Saffola 
  • Nihar
  • Hair & Care
  • Shanti
  • Manjal
  • Oil of MalabarRevive 
  • Mediker 

Marico has also built its international portfolio, including brands such as Aromatic, Black Chic, Fiancée, L’ovite, HariCode, Caivil, Code 10, Hercules and Camelia. The company presents skincare solutions under national and international markets with Kaya and Derma Rx. In 2012, the company acquired HPC (Halite Personal Care India Pvt. Ltd), which was a huge boost for the company.  

Marico Share Price History

The performance data of Marico stocks price from 2017 to 2019, is mentioned in the table below:

Date Price in INR Open Price in INR High Price in INR Low Price in INR Volume Charge %
November 2019 ₹ 359.90 ₹ 367.10 ₹ 375.00 ₹ 348.30 37.58M -1.63%
October 2019 ₹ 365.85 ₹ 394.00 ₹ 400.90 ₹ 362.25 41.26M -7.20%
September 2019 ₹ 394.25 ₹ 391.50 ₹ 404.00 ₹ 369.00 36.25M 0.81%
August 2019E ₹ 391.10 ₹ 366.65 ₹ 401.75 ₹ 350.40 50.23M 6.62%
July 2019 ₹ 366.80 ₹ 371.15 ₹ 382.70 ₹ 354.85 26.84M -1.01%
June 2019 ₹ 370.55 ₹ 374.00 ₹ 380.45 ₹ 360.60 22.57M -0.38%
May 2019 ₹ 371.95 ₹ 360.20 ₹ 375.00 ₹ 337.55 63.80M 3.49%
April 2019 ₹ 359.40 ₹ 347.35 ₹ 369.30 ₹ 344.45 31.06M 3.68%
March 2019 ₹ 346.65 ₹ 342.00 ₹ 353.00 ₹ 330.50 35.04M 2.05%
February 2019 ₹ 339.70 ₹ 367.50 ₹ 384.65 ₹ 324.25 35.18M -7.38%
January 2019 ₹ 366.75 ₹ 375.40 ₹ 391.40 ₹ 358.00 33.94M -1.78%
December 2018 ₹ 373.40 ₹ 358.00 ₹ 396.60 ₹ 344.45 34.16M 4.67%
November 2018 E ₹ 356.75 ₹ 324.70 ₹ 369.25 ₹ 317.60 39.52M 11.03%
October 2018 ₹ 321.30 ₹ 334.00 ₹ 341.90 ₹ 282.95 46.06M -3.53%
September 2018 ₹ 333.05 ₹ 373.10 ₹ 374.70 ₹ 320.00 32.80M -9.85%
August 2018 ₹ 369.45 ₹ 365.50 ₹ 387.85 ₹ 345.30 44.03M 1.47%
July 2018 ₹ 364.10 ₹ 331.65 ₹ 374.75 ₹ 330.00 44.82M 9.78%
June 2018 ₹ 331.65 ₹ 323.50 ₹ 352.90 ₹ 319.80 27.81M 3.04%
May 2018 ₹ 321.85 ₹ 333.00 ₹ 347.80 ₹ 304.55 42.51M -3.22%
April 2018 ₹ 332.55 ₹ 327.25 ₹ 334.35 ₹ 313.20 25.31M 1.99%
March 2018 ₹ 326.05 ₹ 308.25 ₹ 333.80 ₹ 299.55 25.29M 5.81%
February 2018 ₹ 308.15 ₹ 307.75 ₹ 319.00 ₹ 284.15 25.06M -0.40%
January 2018 ₹ 309.40 ₹ 322.50 ₹ 328.00 ₹ 304.40 20.36M -4.06%
December 2017 ₹ 322.50 ₹ 307.00 ₹ 325.30 ₹ 293.05 14.11M 5.39%
November 2017 ₹ 306.00 ₹ 317.00 ₹ 318.20 ₹ 288.25 20.82M -2.93%
October 2017 ₹ 315.25 ₹ 315.00 ₹ 323.90 ₹ 307.50 14.93M 1.45%
September 2017 ₹ 310.75 ₹ 315.90 ₹ 348.70 ₹ 307.40 24.08M -1.49%
August 2017 E ₹ 315.45 ₹ 334.70 ₹ 337.85 ₹ 309.70 39.17M -5.75%
July 2017 ₹ 334.70 ₹ 314.00 ₹ 335.90 ₹ 312.80 16.01M 6.47%
June 2017 ₹ 314.35 ₹ 313.75 ₹ 326.05 ₹ 304.50 19.82M 0.11%
May 2017 ₹ 314.00 ₹ 316.00 ₹ 328.00 ₹ 301.00 29.52M -0.38%
April 2017 ₹ 315.20 ₹ 296.45 ₹ 325.30 ₹ 293.05 19.71M 6.90%
March 2017 ₹ 294.85 ₹ 281.00 ₹ 299.95 ₹ 276.25 24.91M 4.85%
February 2017 ₹ 281.20 257.10 ₹ 282.80 ₹ 252.55 29.36M 9.31%
January 2017 ₹ 257.25 260.00 ₹ 264.50 ₹ 252.65 22.07M -1.23%

Summary of Marico Share Price History from Year 2017-19

  • Highest Price in INR: 404
  • Lowest Price in INR: 252.55
  • Difference: 151.45
  • Average: 336.06
  • Change Percentage: 38.18 

Marico Company Performance

The table below provides an insight into the companies overall performance between 2018-2022: 

  March 2022 March 2021 March 2020 March 2019 March 2018
  For 12 Months For 12 Months For 12 Months For 12 Months For 12 Months
INCOME:
Sales Turnover 7500.00 6337.00 5853.00 5971.00 5181.32
Excise Duty .00 .00 .00 .00 10.91
NET SALES 7500.00 6337.00 5853.00 5971.00 5170.41
Other Income 357.0000 346.0000 306.0000 301.0000 217.2200
TOTAL INCOME 7857.00 6683.00 6159.00 6272.00 5387.63
EXPENDITURE:
Manufacturing Expenses .00 22.00 33.00 33.00 30.22
Material Consumed 4691.00 3688.00 3224.00 3489.00 2886.38
Personal Expenses 372.00 374.00 308.00 307.00 274.27
Selling Expenses 467.00 416.00 502.00 482.00 437.44
Administrative Expenses 787.00 683.00 666.00 650.00 627.14
Expenses Capitalised .00 .00 .00 .00 .00
Provisions Made .00 .00 .00 .00 .00
TOTAL EXPENDITURE 6317.00 5183.00 4733.00 4961.00 4255.45
Operating Profit 1183.00 1154.00 1120.00 1010.00 914.96
EBITDA 1540.00 1500.00 1426.00 1311.00 1132.18
Depreciation 97.00 107.00 113.00 104.00 66.90
Other Write-offs .00 .00 .00 .00 .00
EBIT 1443.00 1393.00 1313.00 1207.00 1065.28
Interest 30.00 22.00 33.00 24.00 7.55
EBT 1413.00 1371.00 1280.00 1183.00 1057.73
Taxes 250.00 205.00 254.00 54.00 235.50
Profit and Loss for the Year 1163.00 1166.00 1026.00 1129.00 822.23
Non Recurring Items .00 -59.00 -20.00 -1.00 -104.48
Other Non Cash Adjustments .00 .00 .00 .00 .00
Other Adjustments .00 -1.00 1.00 1.00 .48
REPORTED PAT 1163.00 1106.00 1007.00 1129.00 718.23
KEY ITEMS
Preference Dividend .00 .00 .00 .00 .00
Equity Dividend .00 968.00 998.40 516.00 635.84
Equity Dividend (%) .00 750.39 773.95 400.00 492.56
Shares in Issue (Lakhs) 12900.00 12913.50 12910.18 12908.64 12908.64
EPS – Annualised (Rs) 9.02 8.56 7.80 8.75 5.56

Marico Stock Returns in 2020 and 2021

The below-mentioned table shows the performance of Marico share price in the year 2020 and 2021:

Date Price in INR Open Price in INR High Price in INR Low Price in INR Volume  Change %
December 2021 512.65 538.00 538.50 488.55 25.00M -4.77%
November 2021 538.35 571.00 577.40 526.50 31.59M -5.30%
October 2021 568.45 545.00 607.70 541.05 43.91M 3.83%
September 2021 547.50 549.35 587.35 541.00 61.32M 0.56%
August 2021 544.45 550.00 552.15 511.00 58.00M -0.41%
July 2021 546.70 532.00 553.20 517.65 45.78M 3.00%
June 2021 530.80 475.50 543.80 474.00 52.13M 11.70%
May 2021 475.20 420.05 487.60 416.10 80.21M 15.49%
April 2021 411.45 411.30 427.60 399.00 31.62M 0.04%
March 2021 411.30 400.90 412.45 379.10 39.04M 3.46%
February 2021 397.55 416.90 433.95 390.70 51.67M -4.34%
January 2021 415.60 403.60 432.50 401.80 53.80M 3.22%
December 2020 402.65 370.95 420.80 362.50 62.23M 9.51%
November 2020 367.70 359.90 389.75 357.10 63.09M 3.10%
Oct 2020 356.65 363.00 379.45 345.75 83.45M -1.75%
Sep 2020 363.00 368.90 382.80 333.00 55.27M -1.60%
Aug 2020 368.90 363.40 380.70 361.10 53.20M 1.50%
Jul 2020 363.45 355.00 368.90 338.75 69.27M 3.28%
Jun 2020 351.90 345.50 354.65 315.00 65.12M 2.36%
May 2020 343.80 280.95 349.50 277.10 87.79M 19.79%
Apr 2020 287.00 277.05 315.55 257.00 73.78M 4.42%
Mar 2020 274.85 302.00 311.40 234.00 77.03M -8.00%
Feb 2020 298.75 316.00 321.00 292.15 63.86M -5.26%
Jan 2020 315.35 341.85 353.95 313.00 42.79M -7.68%

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Management of Marico

With its headquarters based in Mumbai, India and its presence in over 25 countries across Asia and Africa, the company has created a mark within the consumer products industry. The management and key figures behind the company are mentioned below: 

Designation Name
Exe. VP & Head of Business Amit Bhasin
Chief Human Resource Officer Amit Prakash
Independent Director Ananth Sankaranarayanan
Managing Director and Chief Executive Officer  Saugata Gupta 
Independent Director BS Nagesh
Chairman & Non-Exe.Director Harsh Mariwala
Independent Director Hema Ravichandar
Co. Secretary & Compl. Officer Hemangi Ghag
Chief Operating Officer Jitendra Mahajan
Chief Marketing Officer Koshy George
Independent Director Milind Barve
Independent Director Nikhil Khattau
Chief Financial Officer Pawan Agrawal
Chief Executive Officer  Ashish Goupal  
Non Executive Director Rajendra Mariwala
Non Executive Director Rishabh Mariwala
Chief Operating Officer Sanjay Mishra
Managing Director & CEO Saugata Gupta
Chief Technology Officer Sudhakar Mhaskar

Marico Company Location

Registered address of Marico is mentioned below:

7th Floor, Grande Palladium, 175, CST Road, Kalina 

City: Mumbai

State: Maharashtra

Pincode: 400098 

Mail ID: investor@marico[dot]com

Website: http://marico[dot]com

Marico Share Price as on 23/05/2022

  • Market Cap – INR 68,254 crore
  • P/E ratio (TTM) – 55.64
  • P/B Ratio – 20.39
  • Industry P/E – 20.62
  • Debt to Equity – 0.14
  • ROE –37.19%
  • EPS (TTM) – 9.50
  • Dividend Yield –1.75%
  • Book Value – 25.93
  • Face Value – 1

Performance of Marico Share Price

Open Price INR Previous Close INR Volume Value in INR
533.80 528.55 15,01,546 INR 79.83 Crore

Note: The above data of Marico share price today is mentioned as per the data available on 23rd May 2022 

Marico Share Price NSE

Live Marico Share Price NSE – ₹ 530.25

Previous Close – ₹ 528.55

Opening Price – ₹ 533.80

High – ₹ 539.90

Low – ₹ 528.55

Marico Share Price BSE

Live BSE Share Price BSE – ₹ 531.40

Previous Close – ₹ 528.35

Opening Price – ₹ 539.00

High – ₹ 539.65

Low – ₹ 529.00

Marico Limited Stock Price Forecast for 2022

Marico share price forecast is subject to market change in accordance with the performance of the stocks. The below-tabulated data features the Marico share price forecast on the basis of May 2022 data. 

Date Opening Price in INR Closing Price in INR Minimum Price in INR Maximum Price in INR Change %
June 2022 528.963 542.878 528.963 542.878 2.56 % ▲
July 2022 543.242 554.382 543.242 554.382 2.01 % ▲
August 2022 555.864 561.276 555.834 561.319 0.96 % ▲
September 2022 561.702 563.119 561.702 563.788 0.25 % ▲
October 2022 563.568 568.716 563.255 568.716 0.91 % ▲
November 2022 568.389 575.890 568.389 575.890 1.3 % ▲
December 2022 576.349 565.164 565.164 576.825 -1.98 %▼

Marico Listings and Indices

Important Dates

Incorporation – Date 13/10/1988

Public Issue – Date 21/03/1996

Year Ending – Month March

AGM Month – August 

Listing Information

Face Value: 1.0

Market Lot Of Equity Shares: 1

BSE Code: 531642 

BSE Group -A

Marico Forms a Part of the Following:

  • Nifty 100
  • Nifty 100 Low Volatility 30
  • Nifty 200
  • Nifty 500
  • NIFTY 500 Multicap 50:25:25 Index
  • Nifty Alpha Low Volatility 30
  • Nifty FMCG
  • Nifty India Consumption
  • Nifty LargeMidcap 250
  • Nifty Low Volatility 50
  • Nifty Next 50
  • Nifty Total Market
  • Nifty100 Equal-Weight
  • NIFTY100 Quality 30
  • NIFTY200 Quality 30
  • S&P BSE 100
  • S&P BSE 100 ESG Index
  • S&P BSE 100 LargeCap TMC Index
  • S&P BSE 200
  • S&P BSE 250 LargeMidCap Index
  • S&P BSE 500
  • S&P BSE AllCap 
  • S&P BSE Carbonex
  • S&P BSE Dividend Stability Index
  • S&P BSE Dollex – 200
  • S&P BSE Fast Moving Consumer Goods
  • S&P BSE LargeCap
  • S&P BSE LargeMidCap
  • S&P BSE Low Volatility
  • S&P BSE Quality
  • S&P BSE SENSEX Next 50

Listed On:

Cochin Stock Exchange Ltd

MCX Stock Exchange

National Stock Exchange of India Ltd

Over The Counter Exchange Of India Ltd

The Mumbai Stock Exchange 

Should You Invest in Marico?

Investment is subject to market risk. One should do all the required research before making a related financial decision. Marico is growing exponentially and is expected to post a 9% growth in revenue, led by 26.5% and 4.6% in international and domestic business, respectively. However, not every segment of Marico is about to witness growth as expected. The brand, Parachute may witness small degrowth, whereas Vaho is very likely to witness a low single-digit value. Furthermore, Saffola is showing a good ROI as it has seen strong growth due to sharp price hikes taken last year to pass on steep inflation in vegetable oil.

FAQ’s about Marico Share Price

Q1. Is Marico a good buy?

Yes, Marico is good to buy as the company is witnessing growth at an exponential rate. The revenue is expected to grow at 9%, leading by a further 26.5% and 4.6% in international and domestic markets, respectively.

Q2. Is Marico debt free?

Yes, Marico is virtually debt-free. It has achieved a growth in profits of 15.49% and maintained a healthy ROE of 34.74% over the past three years.

Q3. What is the future of Marico's share?

Marico is expected to witness a 13-15% revenue growth in the medium term, backed by an 8 to 10% rise in volume. The company will also continue to invest in brand building to propel its growth further.

Q4. Does Marico give dividends?

Yes, for the year ending March 2022, Marico has declared an equity dividend of 925%, amounting to INR 9.25 per share. The company has a decent track report and has consistently declared dividends for the last five years.

Shivam Shivam Singh has a positive approach with keen observation skills, He is a journalist, athlete, and photographer. He loves swimming, whether it's to dive deep into the words or water. He reads extensively before he writes to hold credibility in his writing. Shivam is more into movies and theaters. He loves to write about the film industry because he knows it closely and he vastly writes in various genres, making him a complete package.
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