Maral Overseas Limited (MARALOVER) AI Stock Analysis

• Market Cap: ₹1.75B
• Dividend Yield: N/A
• Average Volume (3M): 1.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.86
• Revenue Growth: -0.90%
• EPS Growth: -304.07%
• Country: IN
• Employees: 2,587
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 41,508,000
• 10 Day Avg. Volume: 1,001
• 30 Day Avg. Volume: 1,690
• PEG Ratio: -0.07
• Price to Book (P/B): 2.39
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 5.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹42.00 ▼(-3.87% Downside)

The overall stock score is primarily influenced by financial performance, which reflects mixed results with strong gross margins but significant profitability challenges. Technical analysis indicates a bearish trend, and valuation is weak due to the negative P/E ratio. The absence of earnings call data and corporate events means these factors do not impact the score.

Positive Factors

Gross Margin Strength

Reported strong gross margins suggest the company retains pricing power or maintains effective cost control in its manufacturing operations. Sustained gross margin strength can provide a durable buffer to absorb SG&A and financing costs, supporting a path to profitability if top-line stability returns.

Operating Cash Generation

Robust operating cash flow indicates the business converts sales into cash effectively despite accounting losses. Reliable cash generation supports working capital, necessary capex and debt servicing, giving the company financial flexibility over months and helping sustain operations during turnaround efforts.

Equity Backing on Balance Sheet

A substantial equity ratio provides asset backing that can absorb interim losses and supports creditor confidence. This equity cushion improves structural resilience, aiding access to financing or restructuring and enabling the company to navigate capital needs over a multi-month horizon.

Negative Factors

Persistent Net Losses

Ongoing net losses and a negative return on equity indicate the company is not generating accounting profitability. Persistent losses erode shareholder capital, limit retained earnings for reinvestment, and reduce strategic options; without sustained profit improvement, long-term viability and capital access are impaired.

High Financial Leverage

A high debt-to-equity ratio signals significant leverage and elevated fixed obligations. Heavy leverage increases interest burdens, constrains strategic flexibility, and raises default risk during industry slowdowns, which can materially pressure margins and restrict investment capacity over the medium term.

Severe Revenue & EPS Decline

A roughly 90% reported revenue decline and >300% EPS contraction reflect material demand or execution problems. Such steep top-line and earnings deterioration undermines operating leverage, makes margin recovery difficult, and reduces predictability of cash flows, complicating any sustained turnaround plan.

Maral Overseas Limited Business Overview & Revenue Model

Company Description

Maral Overseas Limited manufactures and sells cotton and blended yarns, knitted and processed fabrics, and ready-made garments. It operates in three segments: Yarn, Fabric, and Textile Made-Ups. The company provides single, double, dyed, cotton, polyester/cotton blended, viscose, modal, lyocell and blends, bamboo and blends, acrylic and blends, cotton/nylon, triblends, miyabi, giza, pima/supima, contamination free, compact, slub, injected slub, eli twist, zero twist, reverse twist, P/C siro/mock twist, BCI, organic cotton, recycle cotton and polyester, synthetic, and cellulosic yarns used in various applications, such as circular and socks knitting, flat knits, home furnishing, towel weaving, carpets and rugs, denims, industrial and bottom weight fabrics, suiting and shirts, yarn dyeing, and weaving. It also offers fabrics in various knits, such as single jersey, rib, interlock, piquet, fleece, French rib, pointelle, and autostriper/engineered stripe products; special fibers and yarns comprising bamboo and blends, soya and blends, organic cotton, fairtrade certified cotton, polyester, slub fabric, modal and blends, and lyocell and blends; and special finishes. In addition, the company provides a range of garments consisting of active wear, casual wear, and sleepwear for men and ladies; and fair trade garments and soft toys for infants and kids. The company operates in India, North America, Europe, Gulf and the Middle East, the Far East and South East Asia, Africa, and internationally. Maral Overseas Limited was incorporated in 1989 and is headquartered in Noida, India.

How the Company Makes Money

Maral Overseas Limited generates revenue through multiple key streams, primarily from the manufacturing and sale of textile products, including knitted and woven garments. The company leverages its extensive production capabilities and efficient supply chain to fulfill large orders from international brands and retailers. Additionally, Maral Overseas benefits from strategic partnerships with global fashion labels, which provide consistent demand for its products. The integration of sustainable practices also positions the company favorably in the market, attracting clients who prioritize eco-friendly sourcing. Furthermore, the company may explore export incentives and government subsidies related to textile manufacturing, enhancing its overall profitability.

Maral Overseas Limited Financial Statement Overview

Summary

Maral Overseas Limited shows potential with strong gross margins and operating cash flows. However, ongoing net losses and high leverage are significant concerns. The company needs to stabilize revenue growth and improve profitability to enhance financial health.

Income Statement

The income statement reflects mixed performance with fluctuating revenues and profitability. While the gross profit margin remains relatively healthy, the company experienced net losses in recent years, impacting the net profit margin negatively. Revenue growth has been inconsistent, and EBIT and EBITDA margins have shown volatility, indicating profitability challenges.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, signaling significant leverage that could pose financial risk. Return on equity has been negative due to net losses, further impacting financial stability. However, the company maintains a substantial equity ratio, suggesting some level of asset backing.

Cash Flow

The cash flow statement reveals robust operating cash flow, although free cash flow has been inconsistent due to varying capital expenditures. The operating cash flow to net income ratio indicates strong cash generation capability, but free cash flow growth remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.22B	10.47B	9.36B	10.26B	10.58B	6.22B
Gross Profit	2.77B	3.97B	2.89B	276.22M	3.55B	2.16B
EBITDA	401.92M	226.50M	624.40M	289.89M	1.42B	638.90M
Net Income	-303.20M	-242.00M	-97.64M	-159.30M	669.78M	125.31M
Balance Sheet
Total Assets	0.00	7.32B	7.58B	6.33B	5.90B	4.42B
Cash, Cash Equivalents and Short-Term Investments	58.90M	58.90M	17.26M	36.79M	17.80M	8.89M
Total Debt	0.00	4.49B	4.76B	3.72B	2.43B	2.04B
Total Liabilities	-1.09B	6.23B	6.26B	4.92B	4.24B	3.44B
Stockholders Equity	1.09B	1.09B	1.32B	1.41B	1.66B	976.43M
Cash Flow
Free Cash Flow	0.00	436.50M	-635.50M	-759.60M	36.63M	342.94M
Operating Cash Flow	0.00	758.80M	611.49M	156.10M	340.52M	380.95M
Investing Cash Flow	0.00	-283.10M	-1.22B	-896.20M	-310.28M	-25.00M
Financing Cash Flow	0.00	-479.30M	585.09M	758.70M	-23.30M	-434.51M

Maral Overseas Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 43.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MARALOVER, the sentiment is Neutral. The current price of 43.69 is above the 20-day moving average (MA) of 40.02, above the 50-day MA of 43.12, and below the 200-day MA of 57.32, indicating a neutral trend. The MACD of -0.92 indicates Negative momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 51.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MARALOVER.

Maral Overseas Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAMBODHARA	69 Neutral	₹1.24B	14.88	―	0.42%	13.13%	-2.13%
MANOMAY	69 Neutral	₹4.13B	22.99	―	―	8.41%	8.81%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SHIVATEX	59 Neutral	₹2.32B	14.52	―	0.33%	15.16%	780.57%
MARALOVER	47 Neutral	₹1.75B	-6.70	―	―	-0.90%	-304.07%
BASML	44 Neutral	₹2.00B	14.25	―	―	-8.50%	―

Maral Overseas Limited Corporate Events

Maral Overseas Shareholders Approve Appointment of Independent Director via Postal Ballot

Maral Overseas Limited has announced that shareholders have approved, via postal ballot and remote e‑voting, a special resolution appointing Shri Suman Jyoti Khaitan as an Independent Director of the company. The resolution, passed with the requisite majority under SEBI’s listing regulations, updates the company’s board composition and may strengthen its corporate governance framework, with detailed voting results and the scrutinizer’s report made available on the company’s and NSDL’s websites for investor reference.