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Marathon Nextgen Realty Limited
(MARATHON)
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Rating:61Neutral
Price Target:
₹372.00
▼(-29.61% Downside)
Action:Reiterated
Date:08/25/26
The score is primarily driven by mixed financial performance: strong deleveraging and higher reported profits are offset by three years of declining revenue and two consecutive years of negative operating/free cash flow. Technicals are neutral-to-mixed (short-term strength but weaker longer-term trend and negative MACD). Valuation is supportive with a moderate P/E and very high dividend yield.
Positive Factors
Material deleveraging
The sharp reduction in debt materially lowers refinancing pressure and strengthens financial flexibility. A less leveraged balance sheet can help Marathon withstand project delays, fund development selectively, and retain more operating capacity for future growth.
Negative Factors
Sustained revenue decline
Three consecutive years of lower revenue point to weaker project volume, launch cadence, or recognized sales and make future growth less visible. Continued contraction could reduce operating leverage and leave earnings increasingly dependent on the timing of individual project completions.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging
The sharp reduction in debt materially lowers refinancing pressure and strengthens financial flexibility. A less leveraged balance sheet can help Marathon withstand project delays, fund development selectively, and retain more operating capacity for future growth.
Read all positive factors
Marathon Nextgen Realty Limited (MARATHON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.79B
Dividend Yield0.28%
Average Volume (3M)30.89K
Price to Earnings (P/E)12.3
Beta (1Y)1.75
Revenue Growth-1.06%
EPS Growth-29.90%
CountryIN
Employees81
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)33.03
Shares Outstanding67,444,550
10 Day Avg. Volume2,151
30 Day Avg. Volume30,895
Financial Highlights & Ratios
PEG Ratio-1.10
Price to Book (P/B)1.04
Price to Sales (P/S)4.79
P/FCF Ratio-37.40
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
Marathon Nextgen Realty Limited Business Overview & Revenue Model
Company Description
Headquartered in Mumbai, India, Marathon Nextgen Realty Limited was founded in 1969 and specializes in the development, construction, and sale of both commercial and residential properties across the country. The company operates as a subsidiary o...
How the Company Makes Money
MARATHON primarily makes money through real estate development and related property monetization. Key revenue streams generally include: (1) Sale of real estate units: Revenue is generated from selling residential apartments and/or commercial unit...
Marathon Nextgen Realty Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.96B | 6.76B | 7.01B | 7.17B | 3.06B |
| Gross Profit | 1.57B | 3.20B | 2.81B | 2.89B | 1.16B |
| EBITDA | 1.21B | 2.70B | 2.75B | 2.77B | 1.13B |
| Net Income | 2.03B | 1.87B | 1.66B | 1.21B | 385.20M |
Balance Sheet | |||||
| Total Assets | 27.60B | 20.97B | 22.39B | 21.53B | 21.39B |
| Cash, Cash Equivalents and Short-Term Investments | 4.05B | 917.97M | 103.51M | 351.11M | 168.95M |
| Total Debt | 993.85M | 5.60B | 7.61B | 8.69B | 10.87B |
| Total Liabilities | 4.30B | 8.95B | 12.31B | 13.60B | 14.84B |
| Stockholders Equity | 22.75B | 11.87B | 9.96B | 7.85B | 6.49B |
Cash Flow | |||||
| Free Cash Flow | -634.76M | -286.53M | 206.40M | 3.86B | 748.46M |
| Operating Cash Flow | -601.06M | -253.14M | 221.01M | 3.86B | 763.34M |
| Investing Cash Flow | -3.21B | 2.98B | 1.12B | -459.62M | -3.75B |
| Financing Cash Flow | 4.24B | -2.65B | -1.55B | -3.26B | 2.73B |
Marathon Nextgen Realty Limited Technical Analysis
Negative
528.45
Price Trends
398.32
Negative
407.25
Negative
439.14
Negative
Market Momentum
-12.26
Positive
28.96
Positive
10.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MARATHON, the sentiment is Negative. The current price of 528.45 is above the 20-day moving average (MA) of 400.12, above the 50-day MA of 398.32, and above the 200-day MA of 439.14, indicating a bearish trend. The MACD of -12.26 indicates Positive momentum. The RSI at 28.96 is Positive, neither overbought nor oversold. The STOCH value of 10.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MARATHON.
Marathon Nextgen Realty Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹37.47B | 31.10 | ― | 0.67% | 37.12% | 224.95% | |
61 Neutral | ₹23.79B | 12.28 | ― | 0.28% | -1.06% | -29.90% | |
56 Neutral | ₹22.99B | 14.88 | ― | 0.86% | 43.12% | 12.31% | |
56 Neutral | ₹22.09B | 23.27 | ― | 0.84% | 28.63% | -26.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹37.97B | 30.48 | ― | 1.09% | 7.76% | 27.78% | |
48 Neutral | ₹18.37B | -3.59 | ― | 0.36% | -4.46% | 29.56% |
* General Sector Average
IN:MARATHON
Marathon Nextgen Realty Limited
352.70
-215.23
-37.90%
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-48.84%
IN:KOLTEPATIL
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428.15
-2.25
-0.52%
IN:OMAXE
Omaxe Limited
100.45
18.45
22.50%
Marathon Nextgen Realty Limited Corporate Events
Marathon Nextgen Realty Confirms SEBI-Compliant Share Dematerialisation for Q2 FY27
Oct 12, 2026
Marathon Nextgen Realty Limited has reported compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026, by submitting a confirmation certificate from its registrar and s...
Marathon Nextgen Realty Publishes Notice for 49th AGM via Virtual Mode
Sep 6, 2026
Marathon Nextgen Realty Limited has announced that its 49th Annual General Meeting will be held on September 28, 2026, at 12:00 noon IST via video conferencing and other audio-visual means, in line with regulatory norms. The company has published ...
Marathon Nextgen Realty Sets Date and Process for 49th AGM and FY 2025-26 Report
Sep 4, 2026
Marathon Nextgen Realty Limited has scheduled its 49th Annual General Meeting for September 28, 2026, to be conducted via video conferencing and other audio-visual means, reflecting continued reliance on digital platforms for shareholder engagemen...
Marathon Nextgen Sets Record Date for FY 2025-26 Final Dividend
Sep 4, 2026
Marathon Nextgen Realty Limited, a listed Indian real estate developer with its equity shares traded on BSE and NSE, provides residential and commercial property offerings to investors and homebuyers in the domestic market.The company has set 18 S...
Marathon Nextgen Realty Files FY 2025-26 Sustainability Report for Mumbai-Focused Operations
Sep 4, 2026
Marathon Nextgen Realty Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26, detailing how its Mumbai-focused real estate operations align with evolving ESG and regulatory norms. The report underscores that t...
Marathon Nextgen Realty Publishes Q1 FY26 Unaudited Results in Newspapers
Aug 9, 2026
Marathon Nextgen Realty Limited has reported that its Board of Directors approved the standalone and consolidated unaudited financial results for the first quarter ended June 30, 2026. The company has published extracts of these results in the Eng...
Marathon Nextgen Realty to Develop ₹450-Crore Residential Project in Sewri
Aug 1, 2026
Marathon Nextgen Realty Limited has announced that its subsidiary Sunset Spaces Private Limited has entered into a joint development agreement for a cluster redevelopment project in Sewri, South Mumbai. The development will feature a high-rise res...
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.