Marathon Nextgen Realty Limited (IN:MARATHON)
:MARATHON
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Marathon Nextgen Realty Limited
(MARATHON)
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Rating:59Neutral
Price Target:
₹432.00
▼(-18.25% Downside)
Action:Reiterated
Date:05/31/26
The score is primarily held back by weak cash generation (negative operating/free cash flow in the last two years) and declining revenue, despite a significantly strengthened balance sheet from deleveraging. Technicals are mixed-to-weak with the stock below key moving averages, while valuation support comes from a moderate P/E and a high dividend yield.
Positive Factors
Material deleveraging
Significant debt reduction and a much larger equity base materially lower refinancing and liquidity risk for the developer. This stronger balance sheet increases financial flexibility to fund project completion, absorb sales cyclicality, and pursue selective new launches without immediate external funding.
Negative Factors
Sustained revenue decline
Three consecutive years of declining revenue indicate weaker sales volumes or fewer project launches, undermining operating scale. Persistent top-line shrinkage pressures long-term growth, reduces operating leverage and makes earnings more sensitive to project timing and one-off margin gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging
Significant debt reduction and a much larger equity base materially lower refinancing and liquidity risk for the developer. This stronger balance sheet increases financial flexibility to fund project completion, absorb sales cyclicality, and pursue selective new launches without immediate external funding.
Read all positive factors
Marathon Nextgen Realty Limited (MARATHON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.61B
Dividend Yield0.19%
Average Volume (3M)20.17K
Price to Earnings (P/E)13.4
Beta (1Y)1.84
Revenue Growth-14.48%
EPS Growth-9.32%
CountryIN
Employees800
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)41.66
Shares Outstanding67,420,550
10 Day Avg. Volume25,371
30 Day Avg. Volume20,167
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
The company primarily makes money by developing real estate projects and monetizing them through (1) sales of residential units (apartments and related inventory) where revenue is recognized as projects progress and/or upon completion depending on...
Marathon Nextgen Realty Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.30B | 4.96B | 6.76B | 7.01B | 7.17B | 3.06B |
| Gross Profit | 2.11B | 1.57B | 3.20B | 2.81B | 2.89B | 1.16B |
| EBITDA | 2.65B | 1.21B | 2.70B | 2.75B | 2.77B | 1.13B |
| Net Income | 2.27B | 2.03B | 1.87B | 1.66B | 1.21B | 385.20M |
Balance Sheet | ||||||
| Total Assets | 25.96B | 27.60B | 20.97B | 22.39B | 21.53B | 21.39B |
| Cash, Cash Equivalents and Short-Term Investments | 5.70B | 4.05B | 917.97M | 103.51M | 351.11M | 168.95M |
| Total Debt | 590.60M | 993.85M | 5.60B | 7.61B | 8.69B | 10.87B |
| Total Liabilities | 3.80B | 4.30B | 8.95B | 12.31B | 13.60B | 14.84B |
| Stockholders Equity | 21.98B | 22.75B | 11.87B | 9.96B | 7.85B | 6.49B |
Cash Flow | ||||||
| Free Cash Flow | 763.42M | -634.76M | -286.53M | 206.40M | 3.86B | 748.46M |
| Operating Cash Flow | 767.90M | -601.06M | -253.14M | 221.01M | 3.86B | 763.34M |
| Investing Cash Flow | -4.21B | -3.21B | 2.98B | 1.12B | -459.62M | -3.75B |
| Financing Cash Flow | 3.57B | 4.24B | -2.65B | -1.55B | -3.26B | 2.73B |
Marathon Nextgen Realty Limited Technical Analysis
Negative
528.45
Price Trends
460.89
Negative
455.59
Negative
517.17
Negative
Market Momentum
-18.91
Positive
39.83
Neutral
54.31
Neutral
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 437.55, above the 50-day MA of 460.89, and above the 200-day MA of 517.17, indicating a bearish trend. The MACD of -18.91 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 54.31 is Neutral, 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 (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹39.09B | 31.28 | ― | 0.85% | 116.20% | 552.90% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ₹27.55B | 17.89 | ― | 0.47% | 47.76% | 12.24% | |
61 Neutral | ₹28.64B | 18.72 | ― | ― | 57.54% | 178.72% | |
59 Neutral | ₹27.61B | 13.45 | ― | 0.19% | -14.48% | -9.32% | |
49 Neutral | ₹33.23B | -85.83 | ― | 1.01% | -57.20% | -133.26% | |
41 Neutral | ₹14.45B | -2.02 | ― | ― | -18.16% | -1.58% |
* Real Estate Sector Average
IN:MARATHON
Marathon Nextgen Realty Limited
413.05
-148.87
-26.49%
IN:AJMERA
Ajmera Realty & Infra India Ltd
136.05
-52.86
-27.98%
IN:ASHIANA
Ashiana Housing Limited
385.90
46.13
13.58%
IN:HUBTOWN
Hubtown Limited
196.20
-10.50
-5.08%
IN:KOLTEPATIL
Kolte-Patil Developers Limited
373.75
-71.55
-16.07%
IN:OMAXE
Omaxe Limited
77.27
-25.16
-24.56%
Marathon Nextgen Realty Limited Corporate Events
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...
Marathon Nextgen Realty Posts Record FY26 Profit, Strengthens Balance Sheet and Growth Pipeline
May 27, 2026
Marathon Nextgen Realty reported a record profit after tax of ₹206 crore for FY26, with a robust margin of 32%, underscoring a year the company describes as transformational. Strong pre-sales driven by its commercial asset Marathon Futurex, ...
Marathon Nextgen Subsidiary Buys Controlling Stakes to Boost MMR Real Estate Portfolio
Mar 27, 2026
Marathon Nextgen Realty’s wholly owned subsidiary, Nexzone IT Infrastructures Private Limited, has acquired controlling interests in DVK Developers, Shree S S Developers and partnership firm Shree Swami Samarth Builders for a total considera...
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.