Marico Limited
Marico Limited, together with its subsidiaries, manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally. It offers coconut oils, refined edible oils, hair oils, anti-lice treatments, fabric care, functional and other processed food, hair creams and gels, hair serums, shampoos, shower gels, shower gels, hair relaxers and straighteners, deodorants, female… Read more
Marico Limited (MARICO) - Net Assets
Latest net assets as of September 2025: ₹42.06 Billion INR
Based on the latest financial reports, Marico Limited (MARICO) has net assets worth ₹42.06 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹86.79 Billion) and total liabilities (₹44.73 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹42.06 Billion |
| % of Total Assets | 48.46% |
| Annual Growth Rate | 16.06% |
| 5-Year Change | 30.94% |
| 10-Year Change | 102.07% |
| Growth Volatility | 25.31 |
Marico Limited - Net Assets Trend (2005–2025)
This chart illustrates how Marico Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marico Limited (2005–2025)
The table below shows the annual net assets of Marico Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹42.66 Billion | +2.33% |
| 2024-03-31 | ₹41.69 Billion | +5.38% |
| 2023-03-31 | ₹39.56 Billion | +16.18% |
| 2022-03-31 | ₹34.05 Billion | +4.51% |
| 2021-03-31 | ₹32.58 Billion | +7.31% |
| 2020-03-31 | ₹30.36 Billion | +0.86% |
| 2019-03-31 | ₹30.10 Billion | +17.79% |
| 2018-03-31 | ₹25.55 Billion | +9.25% |
| 2017-03-31 | ₹23.39 Billion | +10.79% |
| 2016-03-31 | ₹21.11 Billion | +14.83% |
| 2015-03-31 | ₹18.38 Billion | +31.65% |
| 2014-03-31 | ₹13.96 Billion | -30.76% |
| 2013-03-31 | ₹20.17 Billion | +72.67% |
| 2012-03-31 | ₹11.68 Billion | +24.60% |
| 2011-03-31 | ₹9.37 Billion | +40.64% |
| 2010-03-31 | ₹6.66 Billion | +46.97% |
| 2009-03-31 | ₹4.53 Billion | +44.08% |
| 2008-03-31 | ₹3.15 Billion | +63.60% |
| 2007-03-31 | ₹1.92 Billion | -26.43% |
| 2006-03-31 | ₹2.61 Billion | +20.54% |
| 2005-03-31 | ₹2.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marico Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3699000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹36.99 Billion | 93.06% |
| Common Stock | ₹1.29 Billion | 3.25% |
| Other Comprehensive Income | ₹38.46 Billion | 96.75% |
| Total Equity | ₹39.75 Billion | 100.00% |
Marico Limited Competitors by Market Cap
The table below lists competitors of Marico Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Main Street Capital Corporation
NYSE:MAIN
|
$4.77 Billion |
|
ARCA CONTINENT.SAB DE CV
F:AJZ
|
$4.77 Billion |
|
COM.INTL BK GDR S LE 10
F:CIN
|
$4.77 Billion |
|
Phillips Edison & Co Inc
NASDAQ:PECO
|
$4.78 Billion |
|
Hoa Phat Group JSC
VN:HPG
|
$4.76 Billion |
|
One 97 Communications Limited
NSE:PAYTM
|
$4.76 Billion |
|
Showa Denko K.K
PINK:SHWDF
|
$4.76 Billion |
|
Bank of Chengdu Co Ltd
SHG:601838
|
$4.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marico Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 38,320,000,000 to 39,750,000,000, a change of 1,430,000,000 (3.7%).
- Net income of 16,290,000,000 contributed positively to equity growth.
- Dividend payments of 4,530,000,000 reduced retained earnings.
- Share repurchases of 460,000,000 reduced equity.
- New share issuances of 460,000,000 increased equity.
- Other comprehensive income increased equity by 44,780,000,000.
- Other factors decreased equity by 55,110,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹16.29 Billion | +40.98% |
| Dividends Paid | ₹4.53 Billion | -11.4% |
| Share Repurchases | ₹460.00 Million | -1.16% |
| Share Issuances | ₹460.00 Million | +1.16% |
| Other Comprehensive Income | ₹44.78 Billion | +112.65% |
| Other Changes | ₹-55.11 Billion | -138.64% |
| Total Change | ₹- | 3.73% |
Book Value vs Market Value Analysis
This analysis compares Marico Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 24.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 401.12x to 24.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹1.87 | ₹750.10 | x |
| 2006-03-31 | ₹2.25 | ₹750.10 | x |
| 2007-03-31 | ₹1.63 | ₹750.10 | x |
| 2008-03-31 | ₹2.58 | ₹750.10 | x |
| 2009-03-31 | ₹3.72 | ₹750.10 | x |
| 2010-03-31 | ₹5.35 | ₹750.10 | x |
| 2011-03-31 | ₹7.44 | ₹750.10 | x |
| 2012-03-31 | ₹9.29 | ₹750.10 | x |
| 2013-03-31 | ₹15.45 | ₹750.10 | x |
| 2014-03-31 | ₹10.55 | ₹750.10 | x |
| 2015-03-31 | ₹14.14 | ₹750.10 | x |
| 2016-03-31 | ₹16.29 | ₹750.10 | x |
| 2017-03-31 | ₹18.05 | ₹750.10 | x |
| 2018-03-31 | ₹19.73 | ₹750.10 | x |
| 2019-03-31 | ₹23.25 | ₹750.10 | x |
| 2020-03-31 | ₹23.41 | ₹750.10 | x |
| 2021-03-31 | ₹25.10 | ₹750.10 | x |
| 2022-03-31 | ₹25.91 | ₹750.10 | x |
| 2023-03-31 | ₹29.32 | ₹750.10 | x |
| 2024-03-31 | ₹29.58 | ₹750.10 | x |
| 2025-03-31 | ₹30.65 | ₹750.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marico Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.04%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.10x
- Recent ROE (40.98%) is above the historical average (36.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 32.33% | 6.96% | 2.50x | 1.86x | ₹484.48 Million |
| 2006 | 33.23% | 7.59% | 1.68x | 2.60x | ₹607.32 Million |
| 2007 | 58.68% | 7.25% | 2.15x | 3.77x | ₹936.53 Million |
| 2008 | 53.74% | 8.87% | 1.97x | 3.08x | ₹1.38 Billion |
| 2009 | 41.62% | 7.90% | 2.09x | 2.52x | ₹1.43 Billion |
| 2010 | 35.71% | 8.78% | 1.74x | 2.33x | ₹1.68 Billion |
| 2011 | 31.84% | 9.32% | 1.40x | 2.43x | ₹2.00 Billion |
| 2012 | 27.74% | 7.93% | 1.53x | 2.29x | ₹2.03 Billion |
| 2013 | 19.98% | 8.64% | 1.24x | 1.87x | ₹1.98 Billion |
| 2014 | 35.67% | 10.38% | 1.58x | 2.18x | ₹3.49 Billion |
| 2015 | 31.43% | 10.02% | 1.83x | 1.71x | ₹3.91 Billion |
| 2016 | 34.57% | 11.84% | 1.78x | 1.64x | ₹5.15 Billion |
| 2017 | 34.34% | 13.54% | 1.64x | 1.55x | ₹5.66 Billion |
| 2018 | 32.03% | 12.95% | 1.54x | 1.61x | ₹5.60 Billion |
| 2019 | 37.28% | 15.37% | 1.53x | 1.58x | ₹8.18 Billion |
| 2020 | 33.77% | 14.07% | 1.45x | 1.65x | ₹7.19 Billion |
| 2021 | 36.17% | 14.67% | 1.45x | 1.70x | ₹8.48 Billion |
| 2022 | 36.59% | 12.96% | 1.63x | 1.73x | ₹8.90 Billion |
| 2023 | 34.27% | 13.33% | 1.41x | 1.83x | ₹9.22 Billion |
| 2024 | 38.65% | 15.47% | 1.29x | 1.94x | ₹10.98 Billion |
| 2025 | 40.98% | 15.04% | 1.30x | 2.10x | ₹12.31 Billion |
Industry Comparison
This section compares Marico Limited's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $9,317,435,318
- Average return on equity (ROE) among peers: 22.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marico Limited (MARICO) | ₹42.06 Billion | 32.33% | 1.06x | $4.77 Billion |
| Ambica Agarbathies & Aroma industries Limited (AMBICAAGAR) | $1.00 Billion | 2.73% | 1.11x | $1.40 Million |
| Cupid Limited (CUPID) | $241.98 Million | 31.85% | 0.44x | $67.40 Million |
| Dabur India Limited (DABUR) | $4.84 Billion | 58.48% | 1.32x | $3.09 Billion |
| Emami Limited (EMAMILTD) | $9.32 Billion | 43.18% | 0.40x | $949.19 Million |
| Godrej Consumer Products Limited (GODREJCP) | $40.01 Billion | 18.99% | 1.08x | $4.36 Billion |
| Hindustan Unilever Limited (HINDUNILVR) | $21.89 Billion | 76.66% | 2.70x | $25.61 Billion |
| Honasa Consumer Limited (HONASA) | $6.06 Billion | -23.57% | 0.61x | $450.68 Million |
| JHS Svendgaard Laboratories Limited (JHS) | $1.70 Billion | -2.39% | 0.16x | $4.37 Million |
| Jyothy Labs Limited (JYOTHYLAB) | $7.81 Billion | 15.51% | 1.33x | $302.20 Million |
| Kaya Limited (KAYA) | $304.10 Million | 0.00% | 2.36x | $16.82 Million |