Marathon Nextgen Realty Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:12 am

Market Cap	3,148 Cr.
Current Price	615
High / Low	737/338
Stock P/E	18.0
Book Value	212
Dividend Yield	0.16 %
ROCE	15.8 %
ROE	18.7 %
Face Value	5.00
PEG Ratio	0.43

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Marathon Nextgen Realty Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
IITL Projects Ltd	26.4 Cr.	52.9	78.1/16.0	8.18	70.7	0.00 %	%	%	10.0
HB Estate Developers Ltd	198 Cr.	102	125/45.0	26.6	80.1	0.00 %	7.00 %	2.39 %	10.0
Hazoor Multi Projects Ltd	994 Cr.	49.9	63.9/28.4	11.8	19.5	0.60 %	%	%	1.00
Gyan Developers & Builders Ltd	9.11 Cr.	30.4	33.8/7.07		12.7	0.00 %	4.02 %	3.75 %	10.0
GG Dandekar Properties Ltd	57.2 Cr.	120	163/87.4		96.9	0.00 %	1.27 %	9.45 %	1.00
Industry Average	16,164.50 Cr	306.21		47.59	133.45	0.14%	23.48%	27.83%	21.38

All Competitor Stocks of

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	53	69	35	37	68	165	98	170	278	170	210	129	210
Expenses	42	52	25	30	56	121	62	134	152	129	149	81	134
Operating Profit	12	17	11	8	12	44	36	36	126	41	61	48	76
OPM %	22%	24%	30%	20%	18%	27%	37%	21%	45%	24%	29%	37%	36%
Other Income	9	3	9	9	10	10	10	12	12	9	10	10	10
Interest	11	11	16	15	18	26	30	31	34	27	25	23	29
Depreciation	3	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	7	7	3	1	3	27	15	16	103	22	45	35	57
Tax %	30%	57%	38%	99%	40%	28%	29%	28%	27%	30%	25%	22%	27%
Net Profit	7	-8	4	4	8	23	12	16	80	16	43	34	51
EPS in Rs	1.57	-1.68	0.95	0.78	1.58	5.07	2.46	3.17	17.00	3.50	9.11	7.29	9.80

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	197	193	69	82	241	206	306	717	720
Expenses	137	136	26	30	177	142	232	471	493
Operating Profit	60	57	43	52	64	64	74	246	227
OPM %	31%	29%	62%	63%	27%	31%	24%	34%	32%
Other Income	45	50	1	1	8	18	38	36	39
Interest	0	0	5	21	41	44	75	123	105
Depreciation	0	0	1	2	6	5	3	3	3
Profit before tax	105	106	39	30	26	32	35	156	159
Tax %	21%	21%	27%	20%	21%	28%	33%	28%
Net Profit	83	84	39	32	25	16	39	124	145
EPS in Rs	14.65	14.79	8.42	6.84	5.23	3.30	8.37	26.12	29.70
Dividend Payout %	3%	3%	12%	7%	0%	0%	6%	2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	1.20%	-53.57%	-17.95%	-21.88%	-36.00%	143.75%	217.95%
Change in YoY Net Profit Growth (%)	0.00%	-54.78%	35.62%	-3.93%	-14.12%	179.75%	74.20%

Marathon Nextgen Realty Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	54%
3 Years:	51%
TTM:	-14%

Compounded Profit Growth
10 Years:	%
5 Years:	40%
3 Years:	122%
TTM:	2%

Stock Price CAGR
10 Years:	27%
5 Years:	53%
3 Years:	74%
1 Year:	47%

Return on Equity
10 Years:	%
5 Years:	11%
3 Years:	15%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:11 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	28	28	23	23	23	23	23	23	26	26
Reserves	567	648	527	584	570	586	626	762	970	1,060
Borrowings	0	11	208	429	567	739	1,087	869	761	696
Other Liabilities	8	8	128	461	456	351	402	499	482	471
Total Liabilities	604	696	885	1,497	1,617	1,699	2,139	2,153	2,238	2,253
Fixed Assets	0	0	105	221	294	287	286	283	286	279
CWIP	0	0	0	0	0	0	0	0	0	0
Investments	0	0	14	22	26	13	271	49	81	96
Other Assets	603	695	767	1,255	1,297	1,399	1,582	1,821	1,871	1,877
Total Assets	604	696	885	1,497	1,617	1,699	2,139	2,153	2,238	2,253

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-52	-56	169	101	18	-109	76	315	22
Cash from Investing Activity +	64	45	-198	-312	-71	-3	-375	27	112
Cash from Financing Activity +	-14	8	40	203	60	144	274	-326	-155
Net Cash Flow	-2	-3	11	-8	7	32	-25	15	-21

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	60.00	46.00	-165.00	-377.00	-503.00	-675.00	73.00	-623.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	128	497	0	24	33	89	45	22	49
Inventory Days	383	65			12,215	14,683			5,749
Days Payable	4	5			3,492	1,510			460
Cash Conversion Cycle	507	556	0	24	8,756	13,262	45	22	5,338
Working Capital Days	385	558	557	1,347	304	987	675	259	338
ROCE %		17%	6%	6%	6%	6%	7%	17%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	74.97%	74.97%	74.97%	74.97%	74.97%	74.65%	74.65%	74.44%	74.44%	74.40%	73.45%	73.68%
FIIs	0.00%	0.00%	0.00%	0.01%	0.03%	0.03%	0.07%	0.01%	0.15%	0.24%	2.34%	1.56%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.12%	0.08%	0.01%	0.03%	0.01%	0.01%	0.07%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.14%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	25.02%	25.02%	25.02%	25.01%	24.99%	25.20%	23.06%	25.53%	25.38%	25.35%	24.20%	24.68%
No. of Shareholders	7,304	8,479	9,727	8,339	7,971	9,151	8,770	7,923	7,582	7,382	10,201	10,330

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	34.43	26.12	8.37	3.30	5.23
Diluted EPS (Rs.)	32.50	26.12	8.36	3.30	5.23
Cash EPS (Rs.)	26.71	25.03	5.77	6.22	5.71
Book Value[Excl.RevalReserv]/Share (Rs.)	196.85	171.25	142.35	133.51	129.90
Book Value[Incl.RevalReserv]/Share (Rs.)	196.85	171.25	142.35	133.51	129.90
Revenue From Operations / Share (Rs.)	137.70	154.68	66.54	44.68	52.42
PBDIT / Share (Rs.)	53.56	60.82	24.46	17.68	15.79
PBIT / Share (Rs.)	52.98	60.15	23.82	16.50	14.56
PBT / Share (Rs.)	35.21	33.70	7.61	6.98	5.64
Net Profit / Share (Rs.)	26.13	24.35	5.13	5.04	4.47
NP After MI And SOA / Share (Rs.)	32.53	26.12	8.37	3.30	5.23
PBDIT Margin (%)	38.89	39.32	36.76	39.56	30.12
PBIT Margin (%)	38.47	38.88	35.79	36.92	27.76
PBT Margin (%)	25.56	21.78	11.43	15.61	10.75
Net Profit Margin (%)	18.97	15.74	7.70	11.27	8.53
NP After MI And SOA Margin (%)	23.62	16.88	12.58	7.39	9.98
Return on Networth / Equity (%)	16.71	15.40	5.93	2.49	4.05
Return on Capital Employeed (%)	16.11	16.87	6.93	5.76	6.28
Return On Assets (%)	7.43	5.61	1.80	0.89	1.48
Long Term Debt / Equity (X)	0.58	0.99	1.37	1.10	0.73
Total Debt / Equity (X)	0.76	1.11	1.67	1.18	0.87
Asset Turnover Ratio (%)	0.32	0.24	0.09	0.03	0.06
Current Ratio (X)	2.02	2.05	1.77	2.48	1.30
Quick Ratio (X)	0.90	1.02	0.79	1.17	0.36
Dividend Payout Ratio (NP) (%)	2.82	1.90	0.00	0.00	11.51
Dividend Payout Ratio (CP) (%)	2.77	1.86	0.00	0.00	9.31
Earning Retention Ratio (%)	97.18	98.10	0.00	0.00	88.49
Cash Earning Retention Ratio (%)	97.23	98.14	0.00	0.00	90.69
Interest Coverage Ratio (X)	3.01	2.30	1.51	1.86	1.77
Interest Coverage Ratio (Post Tax) (X)	2.47	1.92	1.32	1.53	1.50
Enterprise Value (Cr.)	3295.87	2081.34	1566.87	925.96	660.62
EV / Net Operating Revenue (X)	4.68	2.90	5.12	4.50	2.74
EV / EBITDA (X)	12.03	7.39	13.92	11.39	9.10
MarketCap / Net Operating Revenue (X)	3.71	1.79	1.75	1.38	0.78
Retention Ratios (%)	97.17	98.09	0.00	0.00	88.48
Price / BV (X)	2.63	1.63	0.82	0.46	0.31
Price / Net Operating Revenue (X)	3.71	1.79	1.75	1.38	0.78
EarningsYield	0.06	0.09	0.07	0.05	0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Marathon Nextgen Realty Ltd as of December 21, 2024 is: 714.73

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, Marathon Nextgen Realty Ltd is Undervalued by 16.22% compared to the current share price 615.00

Intrinsic Value of Marathon Nextgen Realty Ltd as of December 21, 2024 is: 1,011.56

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, Marathon Nextgen Realty Ltd is Undervalued by 64.48% compared to the current share price 615.00

Last 5 Year EPS CAGR: 41.53%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (690.00 cr) compared to borrowings (536.70 cr), indicating strong financial stability. The company has shown consistent growth in sales (303.44 cr) and profit (76.44 cr) over the years.	The stock has a low average ROCE of 9.00%, which may not be favorable. The stock has a high average Working Capital Days of 451.56, which may not be favorable. The stock has a high average Cash Conversion Cycle of 131.11, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Marathon Nextgen Realty Ltd:
1. Net Profit Margin: 18.97%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.11% (Industry Average ROCE: 21.78%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.71% (Industry Average ROE: 22.99%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.47
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.9
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 18 (Industry average Stock P/E: 33.11)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.76
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Marathon Nextgen Realty Ltd. is a Public Limited Listed company incorporated on 13/01/1978 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65990MH1978PLC020080 and registration number is 020080. Currently Company is involved in the business activities of Activities of head offices; management consultancya ctivities. Company’s Total Operating Revenue is Rs. 158.22 Cr. and Equity Capital is Rs. 23.00 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	Marathon Futurex, Mafatlal Mills Compound, Mumbai Maharashtra 400013	shares@marathonnextgen.com http://www.marathonnextgen.com

Management
Name	Position Held
Mr. Chetan R Shah	Chairman & Managing Director
Mr. Mayur R Shah	Vice Chairman
Mrs. Shailaja C Shah	Director
Mrs. Parul Shah	Independent Director
Mr. Atul Mehta	Independent Director
Mr. Ashwin M Thakker	Independent Director
Mr. Deepak R Shah	Independent Director
Mr. Devendra Shrimankar	Independent Director
Mr. Kaivalya Shah	Director
Mr. Samyag Shah	Director

FAQ

What is the latest intrinsic value of Marathon Nextgen Realty Ltd?

The latest intrinsic value of Marathon Nextgen Realty Ltd as on 21 December 2024 is ₹714.73, which is 16.22% higher than the current market price of ₹615.00. The stock has a market capitalization of 3,148 Cr. and recorded a high/low of 737/338 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,060 Cr and total liabilities of ₹2,253 Cr.

What is the Market Cap of Marathon Nextgen Realty Ltd?

The Market Cap of Marathon Nextgen Realty Ltd is 3,148 Cr..

What is the current Stock Price of Marathon Nextgen Realty Ltd as on 21 December 2024?

The current stock price of Marathon Nextgen Realty Ltd as on 21 December 2024 is 615.

What is the High / Low of Marathon Nextgen Realty Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Marathon Nextgen Realty Ltd stocks is 737/338.

What is the Stock P/E of Marathon Nextgen Realty Ltd?

The Stock P/E of Marathon Nextgen Realty Ltd is 18.0.

What is the Book Value of Marathon Nextgen Realty Ltd?

The Book Value of Marathon Nextgen Realty Ltd is 212.

What is the Dividend Yield of Marathon Nextgen Realty Ltd?

The Dividend Yield of Marathon Nextgen Realty Ltd is 0.16 %.

What is the ROCE of Marathon Nextgen Realty Ltd?

The ROCE of Marathon Nextgen Realty Ltd is 15.8 %.

What is the ROE of Marathon Nextgen Realty Ltd?

The ROE of Marathon Nextgen Realty Ltd is 18.7 %.

What is the Face Value of Marathon Nextgen Realty Ltd?

The Face Value of Marathon Nextgen Realty Ltd is 5.00.

Share Price and Basic Stock Data

Stock P/E, Current Price, and Intrinsic Value Over Time

Competitors of

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Marathon Nextgen Realty Ltd?

What is the Market Cap of Marathon Nextgen Realty Ltd?

What is the current Stock Price of Marathon Nextgen Realty Ltd as on 21 December 2024?

What is the High / Low of Marathon Nextgen Realty Ltd stocks in FY 2024-2025?

What is the Stock P/E of Marathon Nextgen Realty Ltd?

What is the Book Value of Marathon Nextgen Realty Ltd?

What is the Dividend Yield of Marathon Nextgen Realty Ltd?

What is the ROCE of Marathon Nextgen Realty Ltd?

What is the ROE of Marathon Nextgen Realty Ltd?

What is the Face Value of Marathon Nextgen Realty Ltd?

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