MARICO
MARICO LIMITED
Each stock's 10,000-path forecast, rendered as light.
MARICO LIMITED (MARICO) Stock Analysis & Case Study
Is MARICO a good buy? The data-driven verdict.
MARICO LIMITED (MARICO) trades at ₹862,on the numbers it worth a closer look, a Downstox Snapshot Score of 63/100.
On the numbers, MARICO LIMITED (MARICO) worth a closer look, a Downstox Snapshot Score of 63/100, weighing expensive at 59.3× earnings, ROE of 42.8%, a 65% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
MARICO fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How MARICO ranks against the 2,373 companies in our screener
- MARICO's market cap of 1.12L Cr ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MARICO's book value of ₹32 ranks in the 25th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MARICO's promoter holding of 58.9% ranks in the 49th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MARICO's 3-year profit (PAT) growth of 11.0% ranks in the 43rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MARICO's 3-year revenue growth of 12.0% ranks in the 55th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MARICO's debt-to-equity ratio of 0.13x is lower than 72% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is MARICO overvalued? MARICO P/E vs its FMCG
MARICO's P/E of 59.3× sits above the FMCG peer median of 51.0×, so on earnings it screens richer than peers, while its 0.46% dividend yield is below the peer median of 1.64%.
MARICO share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of MARICO history (11%/yr drift, 21%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| MARICO 2027 | ₹712 | ₹936 | ₹1,230 | +9% |
| MARICO 2028 | ₹699 | ₹1,016 | ₹1,478 | +18% |
| MARICO 2029 | ₹692 | ₹1,104 | ₹1,760 | +28% |
| MARICO 2030 | ₹701 | ₹1,199 | ₹2,048 | +39% |
| MARICO 2031 | ₹719 | ₹1,302 | ₹2,356 | +51% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability MARICO goes up, or doubles?
The bull case for MARICO
- MARICO's return on equity of 42.8% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- MARICO's return on capital employed of 47.0% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹936 (+9%).
- Relatively low volatility (21%/yr), a steadier ride than the typical mid/small-cap.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,760.
The bear case & risks
- MARICO's P/E of 59.3x is lower than 21% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 26.6× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹692.
MARICO volatility & expected range, how bumpy is the ride?
Over the last 9.8 years MARICO compounded at 11%/year with annualized volatility of 21%. That volatility implies a 1-year 80% range of ₹712-₹1,230, the honest backbone behind any single price target.
MARICO price forecast, the full 60-month probability fan
MARICO price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds MARICO hits common targets within the simulated horizon?
Full multi-horizon detail on the MARICO price target & forecast page.
MARICO Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. MARICO scores 6/8, mixed financial health.
MARICO MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy MARICO with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 23.00% | 4.3× |
| Zerodha | 22.60% | 4.4× |
| Groww | 22.56% | 4.4× |
| Dhan | 22.00% | 4.5× |
| Kotak NeoCHEAPEST | 20.00% | 5.0× |
| Paytm Money | 20.28% | 4.9× |
| Pocketful | 26.50% | 3.8× |
| Fyers | 27.03% | 3.7× |
| Anand Rathi | 26.50% | 3.8× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 26.50% | 3.8× |
Compare every broker on the MARICO MTF page.
MARICO vs peers,FMCG comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| MARICO (this stock) | 59.3× | 0.46% | ₹1.12L Cr |
| ITC | 18.2× | 5.07% | ₹3.58L Cr |
| HINDUNILVR | 44.7× | 1.96% | ₹4.92L Cr |
| NESTLEIND | 80.1× | 0.78% | ₹2.97L Cr |
| TATACONSUM | 64.9× | 0.92% | ₹1.07L Cr |
| BRITANNIA | 51.0× | 1.64% | ₹1.33L Cr |
| DABUR | 36.7× | 2.01% | ₹72,732 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About MARICO LIMITED: sector, index & market-cap context
MARICO LIMITED (MARICO) is a large-cap NSE-listed company in the FMCG sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.12L Cr. See more stocks on our screener.
How the MARICO Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of MARICO LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
MARICO analysis, FAQs
Is MARICO LIMITED (MARICO) a good buy?
On the numbers, MARICO LIMITED (MARICO) worth a closer look, a Downstox Snapshot Score of 63/100, weighing expensive at 59.3× earnings, ROE of 42.8%, a 65% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is MARICO overvalued or undervalued?
MARICO trades at 59.3× earnings versus a peer median of 51.0×, so it screens richer than its FMCG peers.
What is the MARICO share price target for 2031?
MARICO's probability-weighted 2031 median target is ₹1,302, with an 80% range of ₹719-₹2,356 (10,000-path Monte-Carlo).
What is the probability MARICO doubles in 5 years?
The modelled probability of MARICO reaching ₹1,724 (2×) within 5 years is 27%.
What is the bull case for MARICO?
MARICO's return on equity of 42.8% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. MARICO's return on capital employed of 47.0% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A 10,000-path probability model puts a 65% chance the price is higher in a year, with a median target of ₹936 (+9%).
What are the risks in MARICO?
MARICO's P/E of 59.3x is lower than 21% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 26.6× price-to-book means most of the value is intangible/expectations, not assets on the books.