Marico Ltd

Marico Ltd maintains a strong liquidity position, with cash and equivalents amounting to INR 9.43 billion, representing 24.6% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by an operating cash flow of INR 13.87 billion and a current ratio of 1.64. The debt-to-equity ratio of 0.14 indicates a conservative capital structure, with long-term debt at INR 5.28 billion and total equity at INR 38.32 billion.

Profitability metrics show Marico is outperforming the industry median in return on equity (ROE) at 8.3%, which is above the Food Processing industry's typical ROE of 6.5%. Return on assets (ROA) of 4.29% is also in line with the sector average. Gross margin of 51.6% and operating margin of 17.6% are both above the industry median, indicating efficient cost management and pricing power.

Geographically, Marico's revenue is heavily concentrated in India, with no material international operations disclosed. The company's business is segmented into edible oils, personal care, and other food products. The edible oils segment accounts for the largest share of revenue, with a strong brand presence in the Indian market.

Looking ahead, Marico is projected to grow revenue by 6.2% in the current fiscal year and 4.8% in the next, driven by expansion in the personal care segment and continued market share gains in edible oils. The company's capital expenditure of INR 1.53 billion is modest relative to operating cash flow, suggesting a focus on maintaining rather than expanding physical assets.

Risk factors for Marico include low liquidity risk and low dilution potential, with no immediate filing-based flags detected. The company's diluted shares outstanding are equal to basic shares, indicating no near-term dilution pressure. The risk assessment composite score is low, with no significant financial or operational red flags identified.

Recent events include a Q4 earnings report that exceeded analyst expectations, with net income of INR 3.18 billion. The company also announced a new product launch in the personal care segment, targeting the premium market. Analysts have maintained a positive outlook, with a mean price target of INR 850.18 and a median recommendation of 1.87 (leaning toward buy).

There are no material changes, watcher signals, or significant cross-source signals to report for Marico Ltd (MRCO.NS) based on the provided data. The system indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying recent shifts in performance or sentiment. Cross-source signal data shows a near-total absence of dispatch activity over the 30-day period ending in July 2026. Specifically, daily dispatch counts were zero for every day from June 25, 2026, through July 8, 2026, and again from July 10, 2026, through July 15, 2026. The only recorded activity was a single dispatch on July 9, 2026, with no associated sentiment data. The company profile reflects a baseline level of market attention, with 25 analysts covering the stock. However, there are currently no recorded top holders, index memberships, or officer counts available in the dataset. This lack of specific holder or index data limits the ability to assess institutional interest or benchmark performance relative to major indices. Given the absence of material changes and minimal signal activity, there is no immediate catalyst or significant development to highlight for Marico Ltd. Investors should note that the current data represents an initial snapshot without historical comparison points, and further monitoring is required to establish trends in analyst coverage or market sentiment.

Marico generated INR 12.2 billion in free cash flow in FY2025, a 341% year-over-year increase.

Revenue grew 12.2% year-over-year to INR 108.3 billion in FY2025, demonstrating strong top-line expansion.

Cash conversion of 4.36 is best-in-class, far exceeding the 0.98 median for the Food Processing cohort.

Analysts project only 1.1% upside to the mean price target of INR 850.18.

Return on equity of 8.3% remains modest, despite being above the 4.99% cohort median.

Return on assets of 4.29% indicates relatively low efficiency in asset utilization for profit generation.

Revenue INR 35.37B, +26,6% YoY; Operating income +10,8% YoY.

• ▍Revenue INR 35.37B, +26,6% YoY
• ▍Operating income +10,8% YoY
• ▍Net income +12,0% YoY
• ▍Net margin 12.6%

Revenue INR 34.82B, +30,7% YoY; Operating income +6,7% YoY.

• ▍Revenue INR 34.82B, +30,7% YoY
• ▍Operating income +6,7% YoY
• ▍Net income −0,7% YoY
• ▍Net margin 12.1%

Revenue INR 32.59B, +23,3% YoY; Operating income +4,3% YoY.

• ▍Revenue INR 32.59B, +23,3% YoY
• ▍Operating income +4,3% YoY
• ▍Net income +8,6% YoY
• ▍Net margin 15.5%

Revenue INR 27.30B, +19,8% YoY; Operating income +1,2% YoY.

• ▍Revenue INR 27.30B, +19,8% YoY
• ▍Operating income +1,2% YoY
• ▍Net income +7,9% YoY
• ▍Net margin 12.6%

Revenue INR 27.94B; Operating income INR 4.89B.

• ▍Revenue INR 27.94B
• ▍Operating income INR 4.89B
• ▍Net margin 14.3%

Revenue INR 26.64B; Operating income INR 4.81B.

• ▍Revenue INR 26.64B
• ▍Operating income INR 4.81B
• ▍Net margin 15.9%

Revenue INR 26.43B; Operating income INR 5.85B.

• ▍Revenue INR 26.43B
• ▍Operating income INR 5.85B
• ▍Net margin 17.6%

Revenue INR 22.78B; Operating income INR 4.01B.

• ▍Revenue INR 22.78B
• ▍Operating income INR 4.01B
• ▍Net margin 14.0%

Revenue INR 108.31B, +12,2% YoY; Operating income +5,0% YoY.

• ▍Revenue INR 108.31B, +12,2% YoY
• ▍Operating income +5,0% YoY
• ▍Net income +10,0% YoY
• ▍Free cash flow +341,2% YoY
• ▍Net margin 15.0%

Revenue INR 96.53B, −1,1% YoY; Operating income +12,9% YoY.

• ▍Revenue INR 96.53B, −1,1% YoY
• ▍Operating income +12,9% YoY
• ▍Net income +13,8% YoY
• ▍Free cash flow −61,1% YoY
• ▍Net margin 15.3%

Revenue INR 97.64B, +2,6% YoY; Operating income +7,3% YoY.

• ▍Revenue INR 97.64B, +2,6% YoY
• ▍Operating income +7,3% YoY
• ▍Net income +6,3% YoY
• ▍Free cash flow +1 012,5% YoY
• ▍Net margin 13.3%

Revenue INR 95.12B, +18,2% YoY; Operating income +5,2% YoY.

• ▍Revenue INR 95.12B, +18,2% YoY
• ▍Operating income +5,2% YoY
• ▍Net income +4,5% YoY
• ▍Free cash flow −61,5% YoY
• ▍Net margin 12.9%