Marico shares up 1.88% as Nifty gains
Marico Ltd. traded 1.88 per cent up in Friday's trade at 10:25AM (IST). Around 39,532 shares changed hands on the counter.
The stock opened at Rs 518.8 and touched an intraday high and low of Rs 529.5 and Rs 517.45, respectively, in the session so far. The stock of Marico Ltd. quoted a 52-week high of Rs 595.0 and a 52-week low of Rs 462.95.
Total market cap of the Marico Ltd. stood at Rs 67881.48 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 2514.0 crore for the quarter ended 30-Sep-2023, down 0.36 per cent from previous quarter's Rs 2523.0 crore and down 0.04 per cent from the year-ago quarter's Rs 2515.0 crore.
The net profit for latest quarter stood at Rs 353.0 crore, up 17.28 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, DIIs held 2.99 per cent stake in the company, while foreign institutional investors held 25.91 per cent and the promoters 59.4 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 48.14 and a price-to-book ratio of 16.29.
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.
