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MARICO
PE (Price/Earnings) Ratio

The Current P/E Ratio of MARICO is 44.36.

Share Price ₹509.8Apr 24,2024
Market Cap ₹65,966.7 Cr
Earnings-TTM₹1,487.0 CrTTM-Consolidated Results
Price/Earnings44.36xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MARICO

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of MARICO is calculated as :

Current Market Cap [ ₹65,966.7 Cr] as on Apr 24,2024

(/) Earnings [ ₹1,487.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 44.36x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for MARICO , the investors are currently willing to pay 44.36 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of MARICO !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of MARICO over the last five years.

Historical PE (Price/Earnings) ratio chart of MARICO


PE Ratio Performance Analysis for MARICO

- MARICO 's latest p/e ratio is 44.36x.

- MARICO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 44.11x.

- MARICO 's operated at median p/e ratio of 45.29x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MARICO 's p/e ratio peaked in Mar2022 at 53.04x.

- MARICO 's p/e ratio hit its five-year low in Mar2020 of 34.73x.


How does MARICO 's P/E Ratio benchmark against top 10 peers in Consumer Food Industry?

Peer Comparison (Consumer Food Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MARICO 1,487.0044.3665,966.7
NESTLE INDIA LTD2,998.6780.48241,319.0
VARUN BEVERAGES LTD2,102.2989.30187,738.0
BRITANNIA INDUSTRIES LTD2,150.5754.07116,290.0
JUBILANT FOODWORKS LTD241.72120.1729,046.4
HATSUN AGRO PRODUCT LTD267.2992.7424,788.5
DEVYANI INTERNATIONAL LTD99.17202.5120,083.6
BIKAJI FOODS INTERNATIONAL LTD185.4770.7313,118.8
SAPPHIRE FOODS INDIA LTD185.4048.068,909.7
GODREJ AGROVET LTD265.6839.4010,468.8
ZYDUS WELLNESS LTD269.0739.0110,495.2

Consumer Food Industry Benchmark (Top 10) PE Analysis vs MARICO 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 39.01x
Max industry PE 202.51x
Median industry PE 70.73x
Average industry PE 80.08x



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