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Maral Overseas Limited
(MARALOVER)
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Rating:48Neutral
Price Target:
₹59.00
▲(35.04% Upside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by volatile profitability and a leveraged balance sheet, with technical indicators also showing weak momentum (below key moving averages and negative MACD). A relatively low P/E provides some offset on valuation, and cash flow has improved with positive operating and free cash flow.
Positive Factors
Improved Cash Generation
Sustained positive operating cash flow provides internal funding for business needs and reduces reliance on external capital. The return to meaningful free cash flow in FY25–FY26 also indicates improved cash discipline or lower investment needs, supporting financial resilience over the next several quarters.
Negative Factors
High Balance-Sheet Leverage
High leverage leaves the company with limited balance-sheet capacity relative to its asset base and increases sensitivity to operating volatility. Even after FY26 debt reduction, the modest equity cushion can constrain investment flexibility and make future financial performance more dependent on continued cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
Sustained positive operating cash flow provides internal funding for business needs and reduces reliance on external capital. The return to meaningful free cash flow in FY25–FY26 also indicates improved cash discipline or lower investment needs, supporting financial resilience over the next several quarters.
Read all positive factors
Maral Overseas Limited (MARALOVER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.49B
Dividend Yield3.09%
Average Volume (3M)4.02K
Price to Earnings (P/E)11.4
Beta (1Y)0.98
Revenue Growth-0.30%
EPS GrowthN/A
CountryIN
Employees4,584
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)5.26
Shares Outstanding41,508,000
10 Day Avg. Volume4,299
30 Day Avg. Volume4,017
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)1.32
Price to Sales (P/S)0.15
P/FCF Ratio2.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Maral Overseas Limited Business Overview & Revenue Model
Company Description
Maral Overseas Ltd. engages in the manufacture and export of cotton yarn, knitted fabric, and knitted garments. It operates through the following segments: Yarn, Fabric, and Textile Made-ups. The company was founded on January 27, 1989 and is head...
Maral Overseas Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
35
Negative
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.19B | 9.81B | 10.47B | 9.36B | 10.26B | 10.58B |
| Gross Profit | 2.16B | 1.94B | 3.97B | 2.89B | 276.22M | 3.55B |
| EBITDA | 873.66M | 711.87M | 226.50M | 624.40M | 289.89M | 1.42B |
| Net Income | 218.11M | 32.61M | -242.00M | -97.64M | -159.30M | 669.78M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.90B | 7.32B | 7.58B | 6.33B | 5.90B |
| Cash, Cash Equivalents and Short-Term Investments | 78.65M | 78.65M | 58.90M | 17.26M | 36.79M | 17.80M |
| Total Debt | 0.00 | 3.74B | 4.49B | 4.76B | 3.72B | 2.43B |
| Total Liabilities | -1.11B | 5.80B | 6.23B | 6.26B | 4.92B | 4.24B |
| Stockholders Equity | 1.11B | 1.11B | 1.09B | 1.32B | 1.41B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | 520.38M | 497.84M | 436.50M | -635.50M | -759.60M | 36.63M |
| Operating Cash Flow | 559.60M | 642.35M | 758.80M | 611.49M | 156.10M | 340.52M |
| Investing Cash Flow | -9.69M | -130.55M | -283.10M | -1.22B | -896.20M | -310.28M |
| Financing Cash Flow | -550.55M | -503.65M | -479.30M | 585.09M | 758.70M | -23.30M |
Maral Overseas Limited Technical Analysis
Positive
43.69
Price Trends
56.12
Positive
55.05
Positive
49.06
Positive
Market Momentum
2.13
Negative
58.59
Neutral
54.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MARALOVER, the sentiment is Positive. The current price of 43.69 is below the 20-day moving average (MA) of 57.50, below the 50-day MA of 56.12, and below the 200-day MA of 49.06, indicating a bullish trend. The MACD of 2.13 indicates Negative momentum. The RSI at 58.59 is Neutral, neither overbought nor oversold. The STOCH value of 54.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MARALOVER.
Maral Overseas Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹30.50B | 20.76 | ― | 0.80% | 15.92% | -3.02% | |
62 Neutral | ₹394.29B | 51.03 | ― | 1.74% | 7.57% | -1.16% | |
61 Neutral | ₹57.58B | 52.87 | ― | 0.13% | 7.65% | -41.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹33.02B | 31.04 | ― | 0.19% | 10.61% | -33.91% | |
48 Neutral | ₹2.49B | 11.41 | ― | 3.09% | -0.30% | ― | |
44 Neutral | ₹24.73B | -99.28 | ― | 0.42% | -36.44% | -118.03% |
* General Sector Average
IN:MARALOVER
Maral Overseas Limited
61.50
14.54
30.96%
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Maral Overseas Limited Corporate Events
Maral Overseas moves to digitise shareholder records ahead of 37th AGM
Aug 1, 2026
Maral Overseas Limited has notified stock exchanges that it is sending physical letters to shareholders whose email addresses are not registered with the company, its registrar and share transfer agent, or depository participants. The initiative a...
Maral Overseas Reports Status of Special Window for Physical Share Transfer Requests
Jul 8, 2026
Maral Overseas Limited has notified stock exchanges about a special window for re-lodgment of transfer requests for physical shares, in line with a Securities and Exchange Board of India circular dated January 30, 2026. The company disclosed that ...
Maral Overseas Sees CARE Revise Long-Term Outlook to Positive, Reaffirm Ratings
Jul 1, 2026
Maral Overseas Limited reported that CARE Ratings has reaffirmed its long-term bank facilities rating at CARE BB+ while revising the outlook to Positive from Stable, and maintained its short-term bank facilities rating at CARE A4+. The review, bas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.