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Finance / Academic project

Emami & Marico: Comparative Equity Research

A comparative study of two listed FMCG companies using fundamental analysis, financial statements, and valuation models.

Year2026
FocusDCF · Relative valuation · Ratio analysis
TypeAcademic project

The objective

Compare the financial performance and valuation of Emami and Marico to support an investment assessment within the FMCG sector.

My contribution

  • Conducted comparative equity research and fundamental analysis of both companies.
  • Analysed financial statements and evaluated performance using financial ratios.
  • Built discounted cash flow and relative valuation models to estimate intrinsic value and benchmark valuations.
  • Presented investment recommendations based on the analysis.

The analytical approach

01Business & financial analysis
02DCF & relative valuation
03Investment assessment

What this work demonstrates

Financial statement interpretation, comparative company research, valuation modelling, and the communication of investment reasoning.

Scope of this summary: This page does not publish valuation figures or a current buy/sell recommendation. The underlying report and model are not included in this website version.

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