Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 46871.68 Crore) operating in FMCG sector.
By ETMarkets.com | Updated:
PTI
Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.
Motilal Oswal has given a buy rating to Marico with a target price of Rs 440. The share price moved down by 1.20 per cent from its previous close of Rs 363.10. The stock’s last traded price is Rs 358.75.
Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 46871.68 Crore) operating in FMCG sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1989.00 Crore, up 3.32 % from last quarter Sales of Rs 1925.00 Crore and up 8.75 % from last year same quarter Sales of Rs 1829.00 Crore Company reported net profit after tax of Rs 273.00 Crore in latest quarter.
Investment Rationale While the jury is still out on the likely success in new product development, which would elevate MRCO’s medium-to-longer-term earnings trajectory and valuation multiples as well, the stock at 37x FY22E EPS appears to still provide healthy upside over next year, with superior outlook than most peers and a far less volatile international business.
Promoter/FII Holdings Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.
