Marico Share Price: Marico shares down 0.29% as Nifty gains

NEW DELHI: Shares of Ltd. traded 0.29 per cent down in Friday’s trade at 12:14PM (IST). Around 29,080 shares changed hands on the counter.

The scrip opened at Rs 476.0 and touched an intraday high and low of Rs 477.55 and Rs 470.3, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 488.0 and a 52-week low of Rs 319.5.

As per BSE, the total market cap of the Marico Ltd. stood at Rs 60971.09 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2041.0 crore for the quarter ended 31-Mar-2021, down 4.89 per cent from previous quarter’s Rs 2146.0 crore and down 33.57 per cent from the year-ago quarter’s Rs 1528.0 crore.

The net profit for latest quarter stood at Rs 219.0 crore, up 12.89 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, domestic institutional investors held 2.0 per cent stake in the firm, while foreign institutional investors held 24.04 per cent and the promoters 59.47 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 52.07 and a price-to-book ratio of 11.73. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Marico Ltd. belongs to the Personal Care industry.

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