MARICO.NS vs. CIPLA.NS

Last updated Jun 4, 2026

MARICO.NS (Marico Limited) and CIPLA.NS (Cipla Limited) are both stocks. MARICO.NS operates in Household & Personal Products (Consumer Defensive), while CIPLA.NS operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, MARICO.NS returned 13.91%/yr vs 12.18%/yr for CIPLA.NS. At a 0.17 correlation, their price movements are largely independent.

Performance

MARICO.NS vs. CIPLA.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Marico Limited (MARICO.NS) and Cipla Limited (CIPLA.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MARICO.NS achieves a 8.08% return, which is significantly higher than CIPLA.NS's -9.01% return. Over the past 10 years, MARICO.NS has outperformed CIPLA.NS with an annualized return of 13.91%, while CIPLA.NS has yielded a comparatively lower 12.18% annualized return.

MARICO.NS

• 1D: 0.04%
• 1M: 3.40%
• YTD: 8.08%
• 6M: 14.16%
• 1Y: 16.45%
• 3Y*: 15.15%
• 5Y*: 12.10%
• 10Y*: 13.91%

CIPLA.NS

• 1D: -0.30%
• 1M: 3.01%
• YTD: -9.01%
• 6M: -8.81%
• 1Y: -5.66%
• 3Y*: 13.52%
• 5Y*: 8.57%
• 10Y*: 12.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MARICO.NS vs. CIPLA.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MARICO.NS Marico Limited	8.08%	19.17%	18.07%	9.17%	0.71%	29.46%	20.43%	-7.13%	17.41%	25.44%
CIPLA.NS Cipla Limited	-9.01%	-0.10%	23.72%	16.77%	14.52%	15.78%	73.26%	-7.42%	-14.21%	7.36%

Correlation

The correlation between MARICO.NS and CIPLA.NS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since May 2, 1996	0.17

Return for Risk

MARICO.NS vs. CIPLA.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MARICO.NS

MARICO.NS Risk / Return Rank: 68
MARICO.NS Sharpe Ratio Rank: 70
MARICO.NS Sortino Ratio Rank: 65
MARICO.NS Omega Ratio Rank: 61
MARICO.NS Calmar Ratio Rank: 70
MARICO.NS Martin Ratio Rank: 71

CIPLA.NS

CIPLA.NS Risk / Return Rank: 29
CIPLA.NS Sharpe Ratio Rank: 29
CIPLA.NS Sortino Ratio Rank: 24
CIPLA.NS Omega Ratio Rank: 24
CIPLA.NS Calmar Ratio Rank: 34
CIPLA.NS Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MARICO.NS vs. CIPLA.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marico Limited (MARICO.NS) and Cipla Limited (CIPLA.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MARICO.NS	CIPLA.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.94	-0.27	+1.21
Sortino ratio: Return per unit of downside risk	1.48	-0.26	+1.74
Omega ratio: Gain probability vs. loss probability	1.17	0.97	+0.20
Calmar ratio: Return relative to maximum drawdown	1.57	-0.20	+1.77
Martin ratio: Return relative to average drawdown	4.02	-0.41	+4.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MARICO.NS vs. CIPLA.NS - Sharpe Ratio Comparison

The current MARICO.NS Sharpe Ratio is 0.94, which is higher than the CIPLA.NS Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of MARICO.NS and CIPLA.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MARICO.NS	CIPLA.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	-0.27	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.38	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.48	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.04	+0.75

Drawdowns

MARICO.NS vs. CIPLA.NS - Drawdown Comparison

The maximum MARICO.NS drawdown since its inception was -67.23%, smaller than the maximum CIPLA.NS drawdown of -99.02%. Use the drawdown chart below to compare losses from any high point for MARICO.NS and CIPLA.NS.

Drawdown Indicators

	MARICO.NS	CIPLA.NS	Difference
Max Drawdown Largest peak-to-trough decline	-67.23%	-99.02%	+31.79%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-28.32%	+17.82%
Max Drawdown (3Y) Largest decline over 3 years	-16.66%	-28.32%	+11.66%
Max Drawdown (5Y) Largest decline over 5 years	-20.30%	-28.32%	+8.02%
Max Drawdown (10Y) Largest decline over 10 years	-38.14%	-43.40%	+5.26%
Current Drawdown Current decline from peak	-3.71%	-17.34%	+13.63%
Average Drawdown Average peak-to-trough decline	-13.23%	-52.85%	+39.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	13.74%	-9.65%

Volatility

MARICO.NS vs. CIPLA.NS - Volatility Comparison

The current volatility for Marico Limited (MARICO.NS) is 4.63%, while Cipla Limited (CIPLA.NS) has a volatility of 9.87%. This indicates that MARICO.NS experiences smaller price fluctuations and is considered to be less risky than CIPLA.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MARICO.NS	CIPLA.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	9.87%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	13.39%	16.20%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	20.79%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.39%	23.04%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	25.79%	-2.21%

Dividends

MARICO.NS vs. CIPLA.NS - Dividend Comparison

MARICO.NS's dividend yield for the trailing twelve months is around 0.86%, less than CIPLA.NS's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIPLA.NS Cipla Limited	1.16%	1.06%	0.85%	0.68%	0.46%	0.53%	0.49%	0.63%	0.58%	0.33%	0.35%	0.31%
MARICO.NS Marico Limited	0.86%	1.40%	1.02%	1.37%	1.23%	1.46%	1.74%	1.61%	1.21%	1.16%	1.54%	0.72%

Financials

Frequently Asked Questions

Can I hold both MARICO.NS and CIPLA.NS in my portfolio?

MARICO.NS and CIPLA.NS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.