Want to see IN:MARATHON full AI Analyst Report?
Top Page
Marathon Nextgen Realty Limited
(MARATHON)
Select Model
Select Model
Rating:61Neutral
Price Target:
₹471.00
▼(-10.87% 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 interest-related financial risk. A stronger balance sheet gives Marathon greater flexibility to fund projects, manage development cycles, and withstand periods when property cash flows are delayed.
Negative Factors
Three-year revenue decline
Persistent revenue contraction raises concerns about project launch cadence, sales volume, or the timing of development completions. Continued weakness could limit operating scale and make future earnings more dependent on individual project outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging
The sharp reduction in debt materially lowers refinancing pressure and interest-related financial risk. A stronger balance sheet gives Marathon greater flexibility to fund projects, manage development cycles, and withstand periods when property cash flows are delayed.
Read all positive factors
Marathon Nextgen Realty Limited (MARATHON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.11B
Dividend Yield0.23%
Average Volume (3M)64.62K
Price to Earnings (P/E)15.2
Beta (1Y)1.78
Revenue Growth-1.06%
EPS Growth-29.61%
CountryIN
Employees800
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)33.03
Shares Outstanding67,420,550
10 Day Avg. Volume108,080
30 Day Avg. Volume64,617
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
Positive
528.45
Price Trends
398.63
Positive
425.24
Positive
455.51
Negative
Market Momentum
15.82
Negative
58.78
Neutral
69.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MARATHON, the sentiment is Positive. The current price of 528.45 is above the 20-day moving average (MA) of 405.03, above the 50-day MA of 398.63, and above the 200-day MA of 455.51, indicating a neutral trend. The MACD of 15.82 indicates Negative momentum. The RSI at 58.78 is Neutral, neither overbought nor oversold. The STOCH value of 69.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹34.81B | 29.14 | ― | 0.43% | 37.12% | 224.95% | |
61 Neutral | ₹30.11B | 15.18 | ― | 0.23% | -1.06% | -29.61% | |
61 Neutral | ₹23.22B | 14.90 | ― | 0.84% | 43.12% | 12.31% | |
59 Neutral | ₹26.35B | 27.54 | ― | 0.84% | 28.63% | -26.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹39.19B | 31.54 | ― | 1.09% | 7.76% | 27.78% | |
48 Neutral | ₹23.30B | -4.35 | ― | 0.36% | -4.46% | 29.56% |
* General Sector Average
IN:MARATHON
Marathon Nextgen Realty Limited
436.45
-183.07
-29.55%
IN:AJMERA
Ajmera Realty & Infra India Ltd
117.10
-79.95
-40.57%
IN:ASHIANA
Ashiana Housing Limited
349.90
38.36
12.31%
IN:HUBTOWN
Hubtown Limited
183.75
-151.35
-45.17%
IN:KOLTEPATIL
Kolte-Patil Developers Limited
444.30
-20.25
-4.36%
IN:OMAXE
Omaxe Limited
121.40
34.27
39.33%
Marathon Nextgen Realty Limited Corporate Events
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...
Marathon Nextgen Publishes Notice on Transfer of Unclaimed Dividends to IEPF
Jun 10, 2026
Marathon Nextgen Realty Limited has notified the stock exchanges that it has published newspaper advertisements regarding the impending transfer of unclaimed dividends and related equity shares to the Investor Education and Protection Fund Authori...
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.