Marathon Nextgen Realty Ltd - Stock Valuation and Financial Performance

BSE: 503101 | NSE: MARATHON | Construction - Real Estate | Small Cap

Marathon NextgenReal Share Price

510 35.15 7.40%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on Marathon NextgenReal

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Marathon Nextgen Realty stock performance -

mw4me loader
P/E Ratio (SA):
28.91
Market Cap:
2,592.4 Cr.
52-wk low:
301.1
52-wk high:
534.1

Is Marathon Nextgen Realty Ltd an attractive stock to invest in?

1. Is Marathon Nextgen Realty Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Marathon Nextgen Realty Ltd is a average quality company.

2. Is Marathon Nextgen Realty Ltd undervalued or overvalued?

The key valuation ratios of Marathon Nextgen Realty Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Marathon Nextgen Realty Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Marathon Nextgen Realty Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Marathon NextgenReal:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Marathon Nextgen Realty Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.2%7.3%14.9%13.1%4.5%5.8%5.8%4.9%4.6%12.5%-
Value Creation
Index
-0.5-0.50.1-0.1-0.7-0.6-0.6-0.7-0.7-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 29.623.319719369.380.881.354.4158445345
Sales YoY Gr.--21.1%745.6%-2.1%-64.1%16.6%0.6%-33.1%190.9%181.4%-
Adj EPS 6.46.815.315.56.77.47.56.24.722.717.5
YoY Gr.-5.5%126.7%1.1%-56.5%10.7%0.5%-17.3%-23.9%381.7%-
BVPS (₹) 90.895.2110.2125125.4130.4137.2143.4148.1169.8192
Adj Net
Profit
36.438.4878830.934.234.428.521.710590
Cash Flow from Ops. 16.80.2-52.5-55.616920.557.6-89.9109241-
Debt/CF from Ops. 000-0.21.215.15.7-4.66.62.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 35.2%45.1%76.3%181.4%
Adj EPS 15.1%27.6%44.8%381.7%
BVPS7.2%6.3%7.4%14.7%
Share Price 25.5% 39.8% 94.8% 57.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.27.314.913.24.85.85.64.43.214.19.7
Op. Profit
Mgn %
17.821.530.629.462.464.565.685.741.143.650.7
Net Profit
Mgn %
123.2164.744.145.544.642.442.352.413.723.626
Debt to
Equity
00000.40.50.50.61.10.70.3
Working Cap
Days
5,3057,1521,0451,3754,1643,5433,3314,8481,840772299
Cash Conv.
Cycle
2821661243291,307-1,817-1,1401,597554170218

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.70%

Sales growth is growing at healthy rate in last 3 years 76.29%

Net Profit is growing at healthy rate in last 3 years 44.76%

Debt to equity has declined versus last 3 years average to 0.70

Sales growth is good in last 4 quarters at 16.46%

No data to display

Latest Financials - Marathon Nextgen Realty Ltd.

Standalone Consolidated
TTM EPS (₹) 17.5 32.5
TTM Sales (₹ Cr.) 345 705
BVPS (₹.) 192 194.5
Reserves (₹ Cr.) 958 970
P/BV 2.64 2.60
PE 28.91 15.57
From the Market
52 Week Low / High (₹) 301.05 / 534.05
All Time Low / High (₹) 0.00 / 534.05
Market Cap (₹ Cr.) 2,592
Equity (₹ Cr.) 25.6
Face Value (₹) 5
Industry PE 88.3

Management X-Ray of Marathon NextgenReal:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Marathon NextgenReal

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales302319719369818154158445
Operating Expenses 2418137136262928893251
Manufacturing Costs0010144395
Material Costs16513112411911-167216
Employee Cost 4344455367
Other Costs 410281011731123
Operating Profit 5560574352534765194
Operating Profit Margin (%) 17.8%21.5%30.6%29.4%62.4%64.5%65.5%85.5%41.1%43.6%
Other Income 4248515511119231943
Interest 000052129315097
Depreciation 0000125533
Exceptional Items 0000000000
Profit Before Tax 47531111123940393431137
Tax 111424248646932
Profit After Tax 363887883134342822105
PAT Margin (%) 123.4%164.7%44.1%45.5%44.6%42.4%42.3%52.2%13.7%23.6%
Adjusted EPS (₹)6.46.815.315.56.77.47.56.24.722.7
Dividend Payout Ratio (%)26%30%3%3%15%7%0%0%11%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 517541626711577600631660681787
Share Capital 19192828232323232323
Reserves 498522598683554577608637658763
Minority Interest0000000000
Debt00011117293299400659541
Long Term Debt00011117292299380637524
Short Term Debt0000010202217
Trade Payables1112110100105201510
Others Liabilities 6153426610839563511891
Total Liabilities 5785956707909121,0321,0911,1151,4731,429

Fixed Assets

Gross Block5511224222
Accumulated Depreciation4400111111
Net Fixed Assets1100113111
CWIP 0000000000
Investments 12612610107253380222452234
Inventories151013220282285248281256190
Trade Receivables21692630138923
Cash Equivalents 1430112111119
Others Assets434453465506511490457604744962
Total Assets 5785956707909121,0321,0911,1151,4731,429

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 170-52-561692158-90109241
PBT 47531111123940393431137
Adjustment -39-41-50-5451231374774
Changes in Working Capital 191-79-89138-26-16-1614151
Tax Paid -10-12-34-25-12-640-10-22
Cash Flow From Investing Activity 0146445-198-99-1659-35514
Capex 0000-200000
Net Investments 00-20-120-127-746-236228
Others 0146645-77275852-118-214
Cash Flow From Financing Activity -22-11-1484070-4332256-246
Net Proceeds from Shares 0000000001
Net Proceeds from Borrowing 000019710268200
Interest Paid 0000-5-21-44-27-50-97
Dividend Paid -9-9-14-3-2-9-300-2
Others -12-2011-150-2-2-23306-148
Net Cash Flow -53-2-311-9-20109
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.247.2614.913.154.85.825.594.43.2314.32
ROCE (%)9.289.9318.9716.625.727.237.226.366.5916.99
Asset Turnover Ratio0.050.040.310.260.080.080.080.050.120.31
PAT to CFO Conversion(x)0.470-0.6-0.645.450.621.71-3.214.952.3
Working Capital Days
Receivable Days35186531469228351913
Inventory Days2791931311447951,2801,1961,773619183
Payable Days1044341,8624,3613,31209621

Marathon Nextgen Realty Ltd Stock News

Marathon Nextgen Realty Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Marathon NextgenReal on 14-Jun-2024 16:01 is ₹510.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Jun-2024 16:01 the market cap of Marathon NextgenReal stood at ₹2,592.4.
The latest P/E ratio of Marathon NextgenReal as of 14-Jun-2024 16:01 is 28.91.
The latest P/B ratio of Marathon NextgenReal as of 14-Jun-2024 16:01 is 2.64.
The 52-week high of Marathon NextgenReal is ₹534.0 and the 52-week low is ₹301.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marathon NextgenReal is ₹344.8 ( Cr.) .

About Marathon Nextgen Realty Ltd

The Marathon Group was formally launched in 1969 by Shri Ramniklal Shah, an educationist with the ideal of serving society in every way. The seed of the group was sown when Zaveribhai Ramji Shah envisioned and planned Mulund, a 550-acre suburb in Mumbai.

On the odyssey to its present position of eminence in the market, Marathon has developed residential complexes, industrial estates, high-rises, signature homes, retail and corporate spaces, catering to the lifestyles of all classes and masses, with over 70 projects in India. The Group’s ongoing projects are spread over 28 lakh sq. ft. in Mumbai.

Marathon’s dynamic leadership and lean management is supplemented by a prestigious ISO 9001:2000 certification (Quality Management Systems), CRISIL Rating as DA3 (Developers) for the flagship company – Marathon Realty Pvt. Ltd.

Marathon continued to contribute to Mulund through the 70’s and the 80’s, with over 30 landmark projects in this suburb alone, carrying forward the patriarch's vision, conviction and dedication, making Mulund the 'Prince of the Suburbs'.

In the 90’s, Marathon expanded to over the rest of Mumbai and beyond under the stewardship of the next generation, Ramnikbhai's sons, Chetan Shah and Mayur Shah. Qualified civil and structural engineers from USA, the two brothers have consistently set new benchmarks for the group, re-inventing the Group's goal and adopting new age methodologies. Marathon Nextgen is a result of those efforts.

Other ventures of the company

Vector Projects India Pvt. Ltd.- Marathon offers total interior solutions from conceptualizing to executing interior designs, under this banner. Civil work, interior decorators, masonry, electrical work, furniture and carpentry are all managed by an efficient team of over 140 efficient experts, driving an annual turnover of INR 100 crores. The accuracy of time frames and final cost estimates are maintained, following the Group's core values.

Lark Consultancy Pvt. Ltd.- Marathon through its financial arm -- Lark Consultancy Pvt. Ltd -- ensures a daily transaction of Rs 150 million on BSE and NSE, resulting in an annual turnover to the tune of Rs 40,000 million. One of the busiest online traders in the capital and share market with headquarters in Mumbai, the firm has branches in Mangalore, Bangalore and Shimoga as well. The venture promises future expansion across geographical regions.

Some of the project carried out by the company are-

  • Marathon NextGen Era-A multi-storeyed luxurious tower with apartments & penthouses in Lower Parel.
  • Marathon NextGen Innova- A multi-storeyed commercial complex in Lower Parel.
  • Marathon NextGen Emperor- A Independent corporate house with offices and retail outlets in Lower Parel.

Milestones of the company:

  • 1972- Marathon Poonam (Mulund) - It was one of the first seven storied building with a lift. This was the first society which was given loan facility in Mulund. Out of Rs. 51 per sq.ft. Rs.33 was given as society loan. 
  • 1986- Marathon Olympic (Mulund) 
  • 1990- Marathon Antariksh (Mulund) – Mulund’s first high-rise building.
  • 1996- Marathon galaxy (Mulund), Mount View (Mulund), Virayatan (Deolali)
  • 1997- Marathon Heights (Worli), Udyog Kshetra (Mulund)
  • 1999- Marathon Heritage (Vikhroli)
  • 2001- Marathon Galaxy (Mulund)
  • 2003- Marathon Max (Mulund), Marathon Maxima (Mulund)
  • 2004- Marathon Chambers (Mulund), Marathon Nextgen Era (Lower Parel), Marathon Nextgen Innova (Lower Parel), Marathon Nextgen Emperor (Lower Parel)
  • 2005- Marathon Omega (Lower Parel), Marathon Vastu (Airoli)

Awards/ Achievements

Marathon Heights, the first residential tower in India with a helipad, was awarded 'The Best Residential Project of the Year - 1999' by Accommodation Times.

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