Ratio Analysis of Marico Bangladesh Limited:
14th of April, 2026
Marico Bangladesh Limited (MBL), a subsidiary of Marico Limited, operating in 26+ countries in Asia and Africa, one of the top three Multinational Fast-Moving Consumer Goods Companies in the country, established in 1999. Product profile of the company is wide (with 47 brands in the personal grooming and foods category) but the flagship brand of it, is Parachute Advansed. 99.9% of its portfolio is manufactured in Bangladesh and these products not only consumed locally rather those have international Markets. The products have reached 89.5% household in the country. It leads in the coconut oil and value-added hair oil categories.
Risk and Opportunities:
The company states its risk associated with shareholders as-
- Loss of investor confidence
- Unaligned expectations
The company states its opportunities associated with shareholders as-
- Strengthen communication with investors to improve transparency and provide clarity on the Company’s performance, strategies and forward outlook
Listing and Return:
The company got listed on Dhaka and Chittagong Stock Exchanges in 2009. Its current shareholding pattern is as below-
| Sponsor/Director | Institutions | Foreign | Public |
| 90.00% | 6.20% | 1.91% | 1.89% |
Yearly return from stock price –
| 2023 | 2024 | 2025 | 2025 to 12 April, 2026 |
| 2.82% | 0.97% | -0.37% | 12.15% |
Financial Ratios:
MBL having a Profit Margin ranging from 25% to 37% in last five years shows efficiency in managing non-operating expenses from 2021 to 2023 and the scenario got better in later year 2025. A rough cash flow measure EBITDA got better in 2024.
Till 2024 there is a sharp fall in Return on Equity, still the the company has managed to maintain a high Return on Equity and at the same time Sales per unit of Total Assets fell in same pattern though sales rose. The reason behind it is company’s Assets grew at a high rate than that of Net Profit and Equity grew even at a higher rate till 2024.
In last year the company paid above 204% of its Earnings as Dividend though previously the company maintained a pattern to pay a portion from its Earnings. Thus the yield from dividend has rose to around 14% at current time.
Historically the stock valued with the perception of its earning potential and in recent times the PBV of the stock lowered to some extent. Return from the price rose to above 15% in current time.
Data Source: Dhaka Stock Exchange
Marico Bangladesh Limited
www.investing.com
Notes: 1. Prices to calculate Valuation ratios have been taken from Dhaka Stock Exchange’s trade and that are as of ending of AGM’s month of the respective year.
2. Prices to calculate Yearly Return have been taken from Dhaka Stock Exchange’s trade and that are as of ending of accounting year of the company. Method of Time Weighted Return has been considered and Daily Return has been used for calculation of Yearly Return and Yearly Return shows return from only Price Changes.
3. Only Audited Accounts have been considered for calculation the ratios.
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