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Marico Limited (531642) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Marico Limited ₹186, price ₹780, upside -76.2%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Consumer Goods · IN · ISIN INE196A01026

ML Thin data Sep 23, 2026

Marico Limited

531642 · BSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value ₹185.78 · Strongly overvalued (−76.2%)
✓Quality 74/100
✓Healthy Growth (revenue 5y +8.2 %/yr)
✓Solidly profitable · 15.4% net margin (TTM)
✓Low debt
✓0.5% dividend yield · Well covered
✓Wide moat 79/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹885.20 ₹430.17 Fair Value ₹185.78 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range ₹430.17 – ₹885.20 · fair‑value band ₹116.83 – ₹271.80 · the ₹780.10 price screens above the ₹185.78 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Marico Limited, together with its subsidiaries, manufactures and markets consumer products.

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Marico Limited, together with its subsidiaries, manufactures and markets consumer products. The company offers coconut oil, hair oils, refined edible oils, anti-lice treatments, fabric care, health foods, hair waxes and gels, hair serums, shampoos, after showers, hair creams and conditioners, deodorants, hand sanitizers, body Lotion and gels, body oils, baby care, and other skin care and male grooming products, as well as hygiene products. It markets its products under the Parachute, Parachute Advansed, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, and Set-wet brand names in India; and under the Parachute, Parachute Advansed, Fiancée, Hair Code, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-men, and Thuan Phat brand names internationally. The company's distribution network comprises regional offices, carrying and forwarding agents, redistribution centers, and distributors. Marico Limited was incorporated in 1988 and is headquartered in Mumbai, India.

Stock analysis

Marico Limited (531642) currently trades at ₹780.10, while our model-based Fair Value estimate is ₹185.78, 76.2% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹239.22 per share, and 0 of the 26 models we run sit above the ₹780.10 price.

Bear case: the Asset-Based group reads lowest at ₹20.64, and 26 of the 26 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹116.83 (bear) to ₹271.80 (bull), the price of ₹780.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 74/100 (solid quality), in the Consumer Goods sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Marico Limited reported revenue of ₹108B in FY2025 versus ₹80.5B in FY2021, a compound +7.7%/yr. Reported net income was ₹16.3B in FY2025, compounding +8.6%/yr from FY2021.

Key figures

Market cap ₹474B (≈ $4.9B) · P/E ratio 42.9 · P/S ratio 6.46 · EPS (TTM) ₹8.60 · Dividend yield 0.5% · Net margin 15.0% · Return on equity 31.4% · Return on assets (EBIT) 25.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).

What moves the price

The share trades about 12% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Goods peers we cover trades at −30% fair-value upside, at −76%, 531642 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (₹20.64 to ₹281.47). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹116.83 Fair Value ₹185.78 Bull ₹271.80
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹4.85 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF ₹104.18 ₹160.11 ₹243.23 79
Growth DCF ₹105.34 ₹154.06 ₹221.72 78
Owner Earnings ₹141.83 ₹218.41 ₹332.23 76
All 26 models by family
DCF Models
FCF DCF ₹104.18 ₹160.11 ₹243.23 79
Owner Earnings ₹141.83 ₹218.41 ₹332.23 76
5Y Revenue Exit ₹92.83 ₹145.53 ₹212.73 72
5Y EBITDA Exit ₹131.31 ₹218.27 ₹320.57 74
5Y P/E Exit ₹152.55 ₹258.43 ₹370.91 70
10Y Revenue Exit ₹93.44 ₹142.09 ₹207.55 66
10Y EBITDA Exit ₹120.13 ₹191.75 ₹288.81 67
10Y P/E Exit ₹133.42 ₹219.16 ₹326.74 63
Earnings-Based
Graham-Dodd ₹85.86 ₹281.47 ₹376.24 64
Lynch FV ₹63.19 ₹90.27 ₹117.36 61
PEG = 1.0 ₹63.19 ₹90.27 ₹117.36 57
EPV ₹116.14 ₹134.11 ₹149.62 74
Dividend Discount
Gordon GGM ₹30.84 ₹61.44 ₹93.04 67
DDM Multi-Stage ₹30.84 ₹51.30 ₹64.86 67
Multiples
P/E Multiple ₹198.86 ₹265.14 ₹331.43 63
P/S Multiple ₹100.74 ₹134.32 ₹167.90 58
P/B Multiple ₹127.09 ₹169.45 ₹211.81 55
EV/EBIT ₹196.16 ₹260.79 ₹325.42 66
EV/EBITDA ₹163.99 ₹217.89 ₹271.80 67
EV/Revenue ₹90.42 ₹128.19 ₹165.97 54
Asset-Based
NCAV (Graham) ₹15.40 ₹20.64 ₹30.81 54
Growth DCF
Growth DCF ₹105.34 ₹154.06 ₹221.72 78
Rev-Margin DCF ₹92.83 ₹145.77 ₹207.58 72
Economic Profit
Residual Income ₹67.20 ₹85.79 ₹153.25 73
ROIC Compounder ₹122.43 ₹148.96 ₹177.05 72
Growth Earnings
Growth-Adj P/E ₹167.46 ₹239.22 ₹310.99 67

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Quality Score breakdown

Overall quality 74/100

Of which business quality 71 · Market factors (momentum, volatility) 61

Profitability 93
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 81
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.8%
Dividend (yield on the price)0.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 18%

531642 screens overvalued: fair value 76% below the price. Compare with Ador Multiproducts Limited →

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Personal Products” was too small, so the broader sector is used.)Consumer Staples · 1707 stocks

Beats the sector median on 6/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score 74 · Top 25%
Fair Value upside −71.4% · Bottom 25%
Profitability
Return on equity (TTM) 31.4% · Top 25%
Return on assets 15.0% · Top 25%
Net margin (TTM) 15.4% · Top 25%
Operating margin (TTM) 19.0% · Top 25%
Growth and dividend
Revenue growth 8.7% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%

Valuation Multiplesvs Consumer Staples median · lower = cheaper

P/E (TTM) 42.9× · Priciest 25%
P/B 11.93× · Priciest 25%
P/S (TTM) 6.55× · Priciest 25%
EV/EBITDA 32.0× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Personal Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Ador Multiproducts Limited 523120 ₹89.89 ₹104.07 +16%
HALDYNGL HALDYNGL ₹146.65 ₹108.72 −26%
TRITONV TRITONV ₹1,081 ₹449.83 −58%
Saint-Gobain Sekurit India Limited 515043 ₹111.80 ₹41.97 −62%
Voith Paper Fabrics India Limited 522122 ₹1,437 ₹1,012 −30%
Associated Alcohols & Breweries Limited 507526 ₹614.70 ₹900.66 +47%
Shri Jagdamba Polymers Limited 512453 ₹666.65 ₹327.56 −51%
Jay Ushin Limited 513252 ₹845.40 ₹345.80 −59%
Riddhi Siddhi Gluco Biols Limited 524480 ₹742.90 ₹205.88 −72%
Majestic Auto Limited 500267 ₹369.95 ₹826.62 +123%

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Cite: Fair Value Calculator (2026). "Marico Limited Fair Value". https://www.fairvalue-calculator.com/stock/531642

Frequently asked questions

Is Marico Limited (531642) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ₹185.78 versus a price of ₹780.10, about −76% upside (overvalued).
What is the fair value of 531642?
Our model-based fair value for Marico Limited is ₹185.78 (as of Sep 23, 2026), built from audited fundamentals. The current price: ₹780.10.
What is the quality score of 531642?
Marico Limited has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Marico Limited (531642)?
Our model-based price target is the fair value of ₹185.78 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario ₹116.83, optimistic scenario ₹271.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Marico Limited stock forecast for 2026?
Our models put fair value at ₹185.78, about −76% upside versus a price of ₹780.10 (overvalued). Cautious scenario ₹116.83, optimistic scenario ₹271.80. The calculation is refreshed regularly with new filings.
What is the revenue of Marico Limited (531642)?
Marico Limited reported trailing-twelve-month revenue of about ₹72.3B (latest available figure, as of Sep 23, 2026).
Does Marico Limited pay a dividend?
Marico Limited currently shows a dividend yield of about 0.48% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Marico Limited (531642)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marico Limited it is ₹185.78 per share (as of Sep 23, 2026), against a price of ₹780.10. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Marico Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 531642 trades above its calculated fair value: price ₹780.10, fair value ₹185.78, a gap of about −76% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 531642?
No. The price is what the market pays today (₹780.10); the fair value is what the company's own numbers justify (₹185.78). For Marico Limited the two are ₹594.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Marico Limited worth?
The market values Marico Limited at about ₹474B (market capitalisation, as of Sep 23, 2026). Per share that is ₹780.10; our models calculate a fair value of ₹185.78 per share.
What do the bullish and bearish scenarios say about 531642?
Our models span a range for Marico Limited: cautious scenario ₹116.83, base ₹185.78, optimistic ₹271.80 per share (as of Sep 23, 2026, price ₹780.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 531642?
Marico Limited trades at a price-to-earnings ratio of 42.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹185.78 is built from several models across several years. Other multiples: P/B 11.9, P/S 6.6, EV/EBITDA 32.0.
How solid is the balance sheet of Marico Limited (531642)?
Balance-sheet figures for Marico Limited (as of Sep 23, 2026): return on equity 31.4%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 531642 from its 52-week high?
Marico Limited trades at ₹780.10, about 12% below its 52-week high of ₹885.20 and 12% above the low of ₹697.46 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹185.78 is for.
Which stocks are comparable to Marico Limited?
From the same area (Consumer Goods) we also value Ador Multiproducts Limited, HALDYNGL, TRITONV, Saint-Gobain Sekurit India Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Marico Limited stock attractive at the current price?
The data as of Sep 23, 2026: price ₹780.10, calculated fair value ₹185.78 (−76%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 531642 calculated?
We run Marico Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹185.78, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Marico Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Marico Limited (531642)?
The closing price on Oct 1, 2026 was ₹780.10. Our model-based fair value is ₹185.78, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Marico Limited right now?
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹271.80). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹116.83 to ₹271.80) leaves room in how you read the outcome.

Key figures of Marico Limited

How large is the market capitalisation of Marico Limited (531642)?
The market capitalisation of Marico Limited is ₹474B (≈ $4.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Marico Limited (531642)?
The price-to-sales ratio of Marico Limited is 6.46 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Marico Limited (531642)?
Earnings per share at Marico Limited are ₹8.60 (price ÷ EPS = P/E 42.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Marico Limited (531642)?
The dividend yield of Marico Limited is 0.5% (payout 43.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Marico Limited (531642)?
The net margin of Marico Limited is 15.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Marico Limited (531642)?
The return on equity (ROE) of Marico Limited is 31.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Marico Limited (531642)?
On an EBIT basis the return on assets of Marico Limited is 25.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Marico Limited (531642)?
The operating margin of Marico Limited is 19.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Marico Limited (531642)?
Revenue at Marico Limited is growing +8.7% versus a year earlier (3y avg +4.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Marico Limited (531642)?
Earnings per share at Marico Limited are growing +6.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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