High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Past Returns: In past three years, the stock has provided 12.9% return compared to 8.8% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 33%.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Smart Money: Smart money looks to be reducing their stake in the stock.
Dilution: Company has been diluting it's stock to raise money for business.
Growth: Poor revenue growth. Revenue grew at a disappointing -4.3% on a trailing 12-month basis.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.3% in last 30 days.
Valuation | |
|---|---|
| Market Cap | 2.68 kCr |
| Price/Earnings (Trailing) | 11.07 |
| Price/Sales (Trailing) | 4.17 |
| EV/EBITDA | 10.06 |
| Price/Free Cashflow | 246.52 |
| MarketCap/EBT | 10.97 |
| Enterprise Value | 2.71 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 643.06 Cr |
| Rev. Growth (Yr) | -9.9% |
| Earnings (TTM) | 209.88 Cr |
| Earnings Growth (Yr) | -33.3% |
Profitability | |
|---|---|
| Operating Margin | 38% |
| EBT Margin | 38% |
| Return on Equity | 9.47% |
| Return on Assets | 8.08% |
| Free Cashflow Yield | 0.41% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4.8% |
| Price Change 1M | -5.3% |
| Price Change 6M | -33.8% |
| Price Change 1Y | -22.6% |
| 3Y Cumulative Return | 12.9% |
| 5Y Cumulative Return | 44.5% |
| 7Y Cumulative Return | 18.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash & Equivalents | 30.84 Cr |
Balance Sheet | |
|---|---|
| Total Assets | 2.6 kCr |
| Total Liabilities | 380.08 Cr |
| Shareholder Equity | 2.22 kCr |
| Current Assets | 1.6 kCr |
| Current Liabilities | 325.16 Cr |
| Net PPE | 11.63 Cr |
| Inventory | 679.36 Cr |
| Goodwill | 128.2 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.03 |
| Interest Coverage | 9.65 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1 |
| Dividend Yield | 0.25% |
| Shares Dilution (1Y) | 31.7% |
| Shares Dilution (3Y) | 45.5% |
Past Returns: In past three years, the stock has provided 12.9% return compared to 8.8% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 33%.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Smart Money: Smart money looks to be reducing their stake in the stock.
Dilution: Company has been diluting it's stock to raise money for business.
Growth: Poor revenue growth. Revenue grew at a disappointing -4.3% on a trailing 12-month basis.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.3% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.25% |
| Dividend/Share (TTM) | 1 |
| Shares Dilution (1Y) | 31.7% |
| Earnings/Share (TTM) | 35.92 |
Financial Health | |
|---|---|
| Current Ratio | 4.91 |
| Debt/Equity | 0.03 |
Technical Indicators | |
|---|---|
| RSI (14d) | 38.23 |
| RSI (5d) | 26.51 |
| RSI (21d) | 42.58 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Marathon Nextgen Realty's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
During the Q3 & 9M FY26 earnings call, management provided a robust outlook for Marathon Nextgen Realty Limited, highlighting a record profit after tax of INR 161 crores for the nine-month period. This achievement is attributed to the strong performance of their commercial portfolio, complemented by steady contributions from the residential segment. Notable metrics included area square feet sales of approximately 1.8 lakh square feet, with a booking value of INR 421 crores and collections totaling INR 578 crores, culminating in total revenue of INR 487 crores.
Post-merger, area sales are expected to increase to 2.46 lakh square feet, with a booking value of INR 628 crores and collections reaching INR 798 crores, underlining a net debt-free balance sheet. The management emphasized that the ongoing union budget's infrastructure boost could significantly benefit the real estate sector, particularly in rapidly developing peripheral areas surrounding Mumbai like Panvel and Dombivli.
Key forward-looking points included nearly 224,000 square feet of ready inventory in the Grade A commercial asset, Marathon Futurex, which remains attractive to high-quality buyers. The commercial sector's outlook appears positive, with sustained momentum anticipated through FY26 and beyond.
The company plans to capitalize on upcoming residential launches, particularly at Marathon Nexzone in Panvel, which includes a significant new project scheduled to encompass 4.9 lakh square feet with a gross development value of around INR 600 crores. Expectations for FY27 also include considerable revenue contributions from Monte South and Futurex.
Overall, the management expressed confidence in the promising growth of India's real estate sector, supported by infrastructure development and a clear shift toward quality developments, positioning Marathon Nextgen Realty favorably for future growth and value creation.
Here are the major questions and their detailed respective answers from the Q&A section of the earnings call transcript:
Question: Do you plan to expand beyond Mumbai MMR or remain focused on your core markets? Answer: Yes, we are an MMR-focused company and intend to concentrate on this region. There are significant opportunities for redevelopment and township development that we aim to capitalize on. Currently, we don't have plans to expand to other towns.
Question: What do you expect for booking momentum in Q4, and which projects will contribute the most to bookings and collections in FY27? Answer: Booking momentum remains steady. Monte South is expected to continue generating around INR 100 crores per quarter. Futurex, our ready-to-move-in commercial asset, along with Monte South, will contribute significantly. Additionally, we anticipate good traction from launches in Panvel and Bhandup.
Question: Can you provide the breakup of unsold inventory across premium and affordable segments? Answer: In ready-to-move-in inventory post-merger, we have about 2.24 lakh square feet at Futurex, approximately 1 lakh square feet in Tower A of Monte South, and fast-moving inventory in Bhandup that's nearly sold out.
Question: Can you provide updates on the NeoValley project and its key milestones? Answer: NeoValley consists of three projects. Narmada has reached the plinth stage and recently received environmental clearance. Kaveri is over 90% sold and has topped out in RCC. NeoPark Ashoka is progressing with OC applications planned for the next quarter.
Question: What are your thoughts on the merger process and how it will affect GDV expansion? Answer: The merger process is at the final stage of SEBI approval before moving to NCLT. This amalgamation will bring major land parcels in Panvel and Dombivli, anticipated to significantly enhance our growth potential.
Question: What is the current debt position after the QIP? Answer: We have effectively reduced our debt to nearly zero. Current outstanding loans, mainly vehicle and equipment loans, amount to about INR 20 crores, a significant decrease from two years ago.
Question: How is demand evolving in the Mumbai real estate market? Answer: Demand remains robust across all segments in MMR, largely driven by ongoing infrastructure projects and positive market trends. High-value transactions are occurring frequently, showcasing sustained growth potential.
Question: Can you provide insights into the financial contribution of Commercial and Residential segments for PAT over the last nine months? Answer: Currently, the profit after tax mix is approximately 60% from Residential and 40% from Commercial segments for FY26's nine-month period.
Question: Could you elaborate on your plans for redevelopment projects in Mumbai? Answer: We have a dedicated team for redevelopment, currently evaluating over 45 projects. While we haven't made announcements yet, there are two ongoing clusters nearing finality. We aim to share updates once we secure binding agreements.
Question: What's the current status of the Sunset Spaces Private Limited acquisition? Answer: We are acquiring a 90% stake in Sunset Spaces for INR 8 crores. They have projects in Dombivli and will align with our timeline for revenue recognition starting this March, reflecting our growth strategy.
These summarized exchanges provide a comprehensive look into the key questions and the detailed responses from the management during the earnings call.
Understand Marathon Nextgen Realty ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| MARATHON REALTY PVT LTD | 51.15% |
| QUANT MUTUAL FUND - QUANT SMALL CAP FUND | 9.46% |
| PEANENCE COMMERCIAL PVT LIMITED | 3.16% |
| MAYBANK SECURITIES PTE LTD - ODI | 2.48% |
| BUOYANT CAPITAL AIF - BUOYANT OPPORTUNITY | 2% |
| RAHUL DILIPBHAI JHAVERI | 1.48% |
| ZETA GLOBAL FUNDS (OEIC) PCC LIMITED-ZET | 1.37% |
| SONAL MAYUR SHAH | 0.77% |
| SHAILAJA CHETAN SHAH | 0.74% |
| MAYUR RAMNIKLAL SHAH | 0.74% |
| CHETAN RAMNIKLAL SHAH | 0.74% |
| SHAH GARGI CHETAN | 0.37% |
| PARMEET MAYUR SHAH | 0.37% |
| SAMYAG SHAH | 0.37% |
| KAIVALYA SHAH | 0.37% |
| RITA DHANRAJ SHAH | 0.3% |
| ANSUYA RAMNIKLAL SHAH | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Marathon Nextgen Realty against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| DLF | DLF | 1.26 LCr | 11.07 kCr | -13.50% | -23.00% | 28.54 | 11.42 | - | - |
| PRESTIGE | Prestige Estates Projects | 49.31 kCr | 10.64 kCr | -16.90% | +0.70% | 50.82 | 4.63 | - | - |
| GODREJPROP | Godrej Properties | 45.42 kCr | 7.29 kCr | -13.00% | -26.10% | 28.71 | 6.24 | - | - |
| SOBHA | Sobha | 12.81 kCr | 4.62 kCr | -11.90% | -0.20% | 89.93 | 2.77 | - | - |
Comprehensive comparison against sector averages
MARATHON metrics compared to Realty
| Category | MARATHON | Realty |
|---|---|---|
| PE | 10.60 | 28.04 |
| PS | 3.99 | 5.52 |
| Growth | -4.3 % | 11.2 % |
Marathon Nextgen Realty Limited engages in the construction, development, and sale of commercial and residential real estate projects in India. The company was founded in 1969 and is based in Mumbai, India. Marathon Nextgen Realty Limited is a subsidiary of Marathon Realty Private Limited.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
MARATHON vs Realty (2021 - 2026)