Marathon Nextgen Realty Ltd.

•

marathonnextgen.com / www.marathon.inBSE: 503101NSE: MARATHON

Market Cap₹ 2,951 Cr.

Current Price

High / Low₹ 685 / 344

Stock P/E17.2

Book Value₹ 326

Price to Book2.43

Dividend Yield0.23 %

ROCE15.1 %

ROE13.3 %

Face Value₹ 5

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has delivered good profit growth of 31.6% CAGR over last 5 years
Company has delivered good sales growth of 24.4% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.12x)
Institutional investors have been accumulating - FII+DII up 16.2pp
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.2

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (68.1% of PBT)
Promoter holding has decreased over last 2 years: -17.2pp
Working capital days have increased from 318 to 560 days
Operating margins have contracted to 38.5% from 53.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	681.00	37.92	168568.73	1.17	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1220.60	29.56	121965.19	0.35	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1960.00	54.77	70104.86	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
4.	PRESTIGE	1625.00	61.46	69993.66	0.12	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1904.60	26.33	69251.68	0.42	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1986.60	37.40	59841.66	0.50	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	BRIGADE	712.95	33.47	23260.66	0.21	216.94	37.35	1115.55	-12.93	11.02	32.33
8.	ANANTRAJ	628.50	39.09	22618.27	0.16	149.19	18.50	631.40	6.58	12.23	29.53
9.	ABREL	1376.10	116.21	15370.44	0.18	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1254.70	58.18	13419.50	0.48	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	793.70	10.70	11166.25	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	MARATHON	437.50	15.26	2950.70	0.23	52.43	-14.85	197.50	40.25	15.18	25.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90	76	119	60	76	53	39	74	24	63	22	68	39
	43	36	61	30	44	29	20	55	21	35	11	40	24
Operating Profit	47	40	58	30	32	24	19	19	3	27	10	28	15
OPM %	52.70%	52.46%	48.58%	49.87%	41.76%	45.19%	47.74%	25.44%	12.62%	43.56%	47.72%	40.80%	39.18%
	5	5	4	5	6	16	22	37	49	43	22	46	27
Interest	20	19	23	9	13	7	7	13	11	1	0	0	0
Depreciation	1	1	1	1	1	1	1	0	0	0	0	0	0
Profit before Tax	32	25	38	26	25	32	34	43	41	69	32	73	46
Tax %	24.55%	26.13%	25.34%	29.40%	25.96%	17.82%	16.37%	18.49%	19.77%	16.90%	28.58%	20.86%	20.43%
Net Profit	24	19	29	18	18	26	28	35	33	58	23	58	37
	7.59	4.00	5.83	10.37	4.60	7.11	6.80	8.00	8.18	8.97	4.13	8.79	5.43

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	197	193	69	81	81	54	158	445	345	242	192
	137	136	26	29	28	8	100	251	170	149	111
Operating Profit	60	57	43	52	53	47	58	194	175	93	81
OPM %	30.56%	29.43%	62.36%	64.52%	65.55%	85.50%	36.55%	43.62%	50.74%	38.51%	42.16%
	51	55	1	11	19	23	26	43	65	110	138
Interest	0	0	5	21	29	31	50	97	70	39	1
Depreciation	0	0	1	2	5	5	3	3	3	2	1
Profit before Tax	111	112	39	40	39	34	31	137	167	161	221
Tax %	21.48%	21.34%	19.77%	14.57%	11.35%	16.47%	29.98%	23.50%	18.96%	15.85%	20.64%
Net Profit	87	88	31	34	34	28	22	105	136	136	175
EPS	30.59	30.93	6.32	7.44	7.48	6.17	4.70	21.90	26.49	26.51	—
Dividend Payout %	3.27%	3.23%	14.88%	6.72%	0.00%	0.00%	10.63%	4.41%	3.77%	3.77%	—

COMPOUNDED SALES GROWTH

10 Years:: 26%
5 Years:: 24%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 32%
3 Years:: 84%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 39%
3 Years:: 4%
1 Year:: -28%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 10%
3 Years:: 14%
Last Year:: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	28	28	23	23	23	23	23	23	26	26
	598	683	554	577	608	637	658	763	931	1,062
	1	13	208	317	337	417	723	557	346	178
Trade Payables	1	2	110	100	105	20	15	10	9	10
	42	65	17	15	18	19	54	76	142	144
Total Liabilities	670	790	912	1,032	1,091	1,115	1,473	1,429	1,453	1,420
	0	0	1	1	3	1	1	1	2	2
	1	0	3	141	223	222	452	234	309	338
	132	20	282	285	248	281	256	190	212	194
	0	0	0	0	0	0	0	0	19	35
Cash & Bank	3	0	11	2	1	1	11	44	28	18
	534	769	614	604	617	612	754	960	883	833
Total Assets	670	790	912	1,032	1,091	1,115	1,473	1,429	1,453	1,420

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-19	-30	181	26	53	-90	119	263	167	14
Cash from Investing	64	45	-198	-99	-16	59	-355	14	44	138
Cash from Financing	-14	8	40	70	-43	32	256	-246	-228	-151
	-2	-3	11	-9	-2	0	10	9	-17	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	30.59	30.93	13.44	7.44	7.48	6.18	4.71	22.69	26.49	26.51
Book Value (₹)	220.31	250.06	250.78	130.41	137.19	143.42	148.10	169.79	186.91	212.32
Dividend per Share (₹)	1.00	1.00	2.00	0.50	0.00	0.00	0.50	1.00	1.00	1.00
Cash EPS (₹)	15.34	15.49	6.88	7.83	8.47	7.27	5.28	23.27	27.01	26.95
PROFITABILITY
Operating Margin %	56.31%	58.12%	63.26%	77.99%	88.63%	127.91%	53.08%	53.19%	50.74%	38.51%
Net Margin %	44.09%	45.54%	44.60%	42.37%	42.33%	52.25%	13.68%	23.60%	39.32%	56.11%
ROE %	14.90%	13.15%	4.80%	5.82%	5.59%	4.40%	3.23%	14.32%	15.56%	13.29%
ROCE %	18.97%	16.62%	5.72%	7.23%	7.22%	6.36%	6.59%	16.99%	17.75%	15.07%
	13.75%	12.05%	3.63%	3.52%	3.24%	2.58%	1.67%	7.24%	9.41%	9.45%
EFFICIENCY
Debtor Days	65	314	692	2	8	35	19	13	23	41
Inventory Days	131	144	795	1280	1196	1773	619	183	213	306
Payable Days	3	5	-79	-3102	-3902	-765	207	60	-1300	68
	193	452	1566	4384	5106	2573	431	136	1535	279
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.02x	0.36x	0.52x	0.52x	0.62x	1.05x	0.70x	0.38x	0.24x
Interest Coverage (x)	0.00x	375.59x	9.46x	2.89x	2.35x	2.11x	1.61x	2.42x	3.38x	5.08x
	27.97x	39.54x	1.53x	2.50x	2.15x	6.87x	3.32x	4.82x	2.82x	3.36x
GROWTH
Revenue Growth %	745.70%	-2.10%	-64.12%	16.61%	0.56%	-33.07%	190.89%	181.42%	-22.56%	-29.83%
Operating Profit Growth %	110.27%	1.06%	-60.95%	43.77%	14.28%	-3.41%	20.71%	181.99%	1.40%	-15.44%
Net Profit Growth %	126.45%	1.12%	-64.86%	10.78%	0.48%	-17.40%	-23.83%	385.50%	29.01%	0.14%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.79%	0.07%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.30x	19.43x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.74x	2.43x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.19%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.29x	14.17x

Shareholding Pattern

Numbers in percentages

	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.45	73.63	73.63	73.63	73.63	73.63	55.92	55.92	56.37	56.42
	2.34	0.41	3.15	2.34	2.28	0.94	6.89	5.13	5.09	4.68
	0.01	0.80	1.61	2.47	2.43	2.30	15.57	14.40	14.74	14.71
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.19	25.17	21.62	21.56	21.67	23.13	21.62	24.55	23.80	24.20

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Marathon Nextgen Realty Limited has informed the Exchange about Copy of Newspaper Publication for intimation to convene 49th Annual General Meeting of the Company

2026-08-26

Spurt in Volume

2026-08-26 - Significant increase in volume has been observed in Marathon Nextgen Realty Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Marathon Nextgen Realty Limited has submitted their response.

2026-08-26

General Updates

2026-08-26 - Response of Marathon Nextgen Realty Limited to the email dated August 24, 2026

2026-08-24

Spurt in Volume

2026-08-24 - Significant increase in volume has been observed in Marathon Nextgen Realty Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Marathon Nextgen Realty Limited has informed the Exchange about Transcript of Q1 FY27 Earnings Conference Call held on August 10, 2026.

2026-08-12

Corrigendum

2026-08-12 - Marathon Nextgen Realty Limited has informed the Exchange regarding Corrigendum to financial results of the Company for the quarter ended June 30, 2026, published in the Financial Express newspaper on August 9, 2026

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Marathon Nextgen Realty Limited has informed the Exchange about Link of Recording

2026-08-10

Investor Presentation

2026-08-10 - Marathon Nextgen Realty Limited has informed the Exchange about Investor Presentation

2026-08-09

Copy of Newspaper Publication

2026-08-09 - Marathon Nextgen Realty Limited has informed the Exchange about Copy of Newspaper Publication on Unaudited Financial Results for the quarter ended June 30, 2026

News

Recent coverage and analyst commentary for MARATHON

Loading news…

🤖

AI Stock Analyst

Marathon Nextgen Realty Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

DLF

681.00

37.92

168568.73

1.17

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1220.60

29.56

121965.19

0.35

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1960.00

54.77

70104.86

0.13

394.51

22.95

1074.94

12.80

13.70

59.77

PRESTIGE

1625.00

61.46

69993.66

0.12

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1904.60

26.33

69251.68

0.42

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1986.60

37.40

59841.66

0.50

349.38

-41.61

506.17

16.48

8.37

-57.98

BRIGADE

712.95

33.47

23260.66

0.21

216.94

37.35

1115.55

-12.93

11.02

32.33

ANANTRAJ

628.50

39.09

22618.27

0.16

149.19

18.50

631.40

6.58

12.23

29.53

ABREL

1376.10

116.21

15370.44

0.18

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1254.70

58.18

13419.50

0.48

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

793.70

10.70

11166.25

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

MARATHON

437.50

15.26

2950.70

0.23

52.43

-14.85

197.50

40.25

15.18

25.24

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

119

Operating Profit

OPM %

52.70%

52.46%

48.58%

49.87%

41.76%

45.19%

47.74%

25.44%

12.62%

43.56%

47.72%

40.80%

39.18%

Interest

Depreciation

Profit before Tax

Tax %

24.55%

26.13%

25.34%

29.40%

25.96%

17.82%

16.37%

18.49%

19.77%

16.90%

28.58%

20.86%

20.43%

Net Profit

7.59

4.00

5.83

10.37

4.60

7.11

6.80

8.00

8.18

8.97

4.13

8.79

5.43

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

197

193

158

445

345

242

192

137

136

100

251

170

149

111

Operating Profit

194

175

OPM %

30.56%

29.43%

62.36%

64.52%

65.55%

85.50%

36.55%

43.62%

50.74%

38.51%

42.16%

110

138

Interest

Depreciation

Profit before Tax

111

112

137

167

161

221

Tax %

21.48%

21.34%

19.77%

14.57%

11.35%

16.47%

29.98%

23.50%

18.96%

15.85%

20.64%

Net Profit

105

136

175

EPS

30.59

30.93

6.32

7.44

7.48

6.17

4.70

21.90

26.49

26.51

—

Dividend Payout %

3.27%

3.23%

14.88%

6.72%

0.00%

10.63%

4.41%

3.77%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

598

683

554

577

608

637

658

763

931

1,062

208

317

337

417

723

557

346

178

Trade Payables

110

100

105

142

144

Total Liabilities

670

790

912

1,032

1,091

1,115

1,473

1,429

1,453

1,420

141

223

222

452

234

309

338

132

282

285

248

281

256

190

212

194

Cash & Bank

534

769

614

604

617

612

754

960

883

833

Total Assets

670

790

912

1,032

1,091

1,115

1,473

1,429

1,453

1,420

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-19

-30

181

-90

119

263

167

Cash from Investing

-198

-99

-16

-355

138

Cash from Financing

-14

-43

256

-246

-228

-151

-2

-3

-9

-2

-17

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

30.59

30.93

13.44

7.44

7.48

6.18

4.71

22.69

26.49

26.51

Book Value (₹)

220.31

250.06

250.78

130.41

137.19

143.42

148.10

169.79

186.91

212.32

Dividend per Share (₹)

1.00

2.00

0.50

0.00

0.50

1.00

Cash EPS (₹)

15.34

15.49

6.88

7.83

8.47

7.27

5.28

23.27

27.01

26.95

PROFITABILITY

Operating Margin %

56.31%

58.12%

63.26%

77.99%

88.63%

127.91%

53.08%

53.19%

50.74%

38.51%

Net Margin %

44.09%

45.54%

44.60%

42.37%

42.33%

52.25%

13.68%

23.60%

39.32%

56.11%

ROE %

14.90%

13.15%

4.80%

5.82%

5.59%

4.40%

3.23%

14.32%

15.56%

13.29%

ROCE %

18.97%

16.62%

5.72%

7.23%

7.22%

6.36%

6.59%

16.99%

17.75%

15.07%

13.75%

12.05%

3.63%

3.52%

3.24%

2.58%

1.67%

7.24%

9.41%

9.45%

EFFICIENCY

Debtor Days

314

692

Inventory Days

131

144

795

1280

1196

1773

619

183

213

306

Payable Days

-79

-3102

-3902

-765

207

-1300

193

452

1566

4384

5106

2573

431

136

1535

279

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

0.02x

0.36x

0.52x

0.62x

1.05x

0.70x

0.38x

0.24x

Interest Coverage (x)

0.00x

375.59x

9.46x

2.89x

2.35x

2.11x

1.61x

2.42x

3.38x

5.08x

27.97x

39.54x

1.53x

2.50x

2.15x

6.87x

3.32x

4.82x

2.82x

3.36x

GROWTH

Revenue Growth %

745.70%

-2.10%

-64.12%

16.61%

0.56%

-33.07%

190.89%

181.42%

-22.56%

-29.83%

Operating Profit Growth %

110.27%

1.06%

-60.95%

43.77%

14.28%

-3.41%

20.71%

181.99%

1.40%

-15.44%

Net Profit Growth %

126.45%

1.12%

-64.86%

10.78%

0.48%

-17.40%

-23.83%

385.50%

29.01%

0.14%

0.00%

16.79%

0.07%

VALUATION

P/E (x)

0.00x

19.30x

19.43x

P/B (x)

0.00x

2.74x

2.43x

Dividend Yield %

0.00%

0.20%

0.19%

0.00x

12.29x

14.17x

Sep 2023

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.45

73.63

55.92

56.37

56.42

2.34

0.41

3.15

2.34

2.28

0.94

6.89

5.13

5.09

4.68

0.01

0.80

1.61

2.47

2.43

2.30

15.57

14.40

14.74

14.71

Government

0.00

24.19

25.17

21.62

21.56

21.67

23.13

21.62

24.55

23.80

24.20

Marathon Nextgen Realty Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Marathon Nextgen Realty Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI