Marathon Nextgen Realty Ltd Stock Analysis

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

BSE Share Price Jan 20, 18:01
104.75 2.40 (2.34%)

DeciZen - Make an Informed Decision on Marathon NextgenReal

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

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

Data is not available for this 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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Marathon Nextgen Realty Ltd is likely to Rise-somewhat 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.

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 16.3%10.6%7.2%7.3%14.9%13.1%4.5%5.8%5.8%4.9%-
Value Creation Index 0.2-0.3-0.5-0.50.1-0.1-0.7-0.6-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 81.946.129.623.319719369.380.881.354.447
YoY Gr. Rt. %--43.8%-35.8%-21.1%745.6%-2.1%-64.1%16.6%0.6%-33.1%-
Adj EPS 12.58.86.46.815.315.56.77.47.56.23.4
YoY Gr. Rt. %--29.7%-27%5.5%126.7%1.1%-56.5%10.7%0.5%-17.3%-
BVPS (₹) 79.486.490.895.2110.2125125.4130.4137.2143.4143.3
Adj Net Profit 70.949.936.438.4878830.934.234.428.516
Cash Flow from Ops. -2.4-17.516.80.2-52.5-55.616920.557.6-89.9-
Debt/CF from Ops. -15.5-0.7000-0.21.215.15.7-4.6-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -4.5%-22.7%-7.8%-33.1%
Adj EPS -7.5%-16.6%-2.7%-17.3%
BVPS 6.85.44.64.5
Share Price 6.4% 0.7% -4.4% 22%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 16.910.67.27.314.913.24.85.85.64.42.4
Op. Profit Mgn % 77.825.817.821.530.629.462.464.565.685.773.7
Net Profit Mgn % 86.6108.3123.2164.744.145.544.642.442.352.433.1
Debt to Equity 0.1000000.40.50.50.60.5
Working Cap Days 1,6953,1965,3057,1521,0451,3754,1643,5433,3314,8484,928
Cash Conv. Cycle 2023362821661243291,307-1,817-1,1401,5973,876

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.62

Return on Equity has declined versus last 3 years average to 2.40%

Sales growth has been subdued in last 3 years -7.76%

Net Profit has been subdued in last 3 years -2.70%

Sales growth is not so good in last 4 quarters at -30.89%

Latest Financials - Marathon Nextgen Realty Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 1.6
TTM Sales (₹ Cr.) 46.9 195
BVPS (₹.) 143.3 134.4
Reserves (₹ Cr.) 636 595
P/BV 0.73 0.78
PE 31.11 64.89
From the Market
52 Week Low / High (₹) 42.25 / 128.45
All Time Low / High (₹) 0.00 / 334.75
Market Cap (₹ Cr.) 482
Equity (₹ Cr.) 23
Face Value (₹) 5
Industry PE 60.7

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

Analyst's Notes

News

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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