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Is Marico stock too expensive or too cheap ?

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Submitted by admin on February 4, 2010 - 07:56

With Sales of 2400 cr in 2009 and net profit of 190 Cr is Marico expensive. Stock is trading at p.e of 33.  How much profit can be expected next year ?

Marico sales has been growing 15% every year since last 4 years. We should expect sales in range of 2700-2800 cr  in 2010 and net profit of 220 Cr.

That brings us to p/e of 29 for next year. still not cheap .

How Kaya clinic ? Can that provide upside in next year .. I don't think so . The Kaya business will infact take away some profit from coconut oil, retailing is an expensive affair.


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