Fundamental Analysis of Marathon Nextgen Realty Ltd

About the Company - Marathon Nextgen Realty Ltd

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
Mr. S Ramamurthi	WholeTime Director & CFO
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

Basic Stock Data of Marathon Nextgen Realty Ltd

Last Updated: July 26, 2024, 10:22 pm

Market Cap	3,169 Cr.
Current Price	619
High / Low	648/331
Stock P/E	19.0
Book Value	195
Dividend Yield	0.16 %
ROCE	15.9 %
ROE	18.9 %
Face Value	5.00
PEG Ratio	0.46

Data Source: screener.in

Competitors of Marathon Nextgen Realty Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
East Buildtech Ltd	5.91 Cr.	31.5	31.5/23.0		34.2	0.00 %	0.99 %	0.00 %	10.0
Dugar Housing Developments Ltd	0.37 Cr.	12.3	12.3/6.30		30.0	0.00 %	%	%	10.0
Diamant Infrastructure Ltd	4.47 Cr.	1.27	1.28/0.58		3.10	0.00 %	0.27 %	1.19 %	2.00
Darjeeling Ropeway Company Ltd	2.35 Cr.	7.70	8.10/3.10		16.5	0.00 %	0.56 %	0.81 %	10.0
Croissance Ltd	27.5 Cr.	4.01	7.45/3.28	393	0.11	0.00 %	1.11 %	0.90 %	1.00
Industry Average	26,659.00 Cr	295.23		41.92	153.55	0.13%	16.18%	17.68%	30.88

Marathon Nextgen Realty Ltd Quarterly Results

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: July 12, 2024, 11:31 am

Marathon Nextgen Realty Ltd Quarterly Chart

Marathon Nextgen Realty Ltd Profit & Loss

Last Updated: July 10, 2024, 2:29 pm

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%

Marathon Nextgen Realty Ltd Profit & Loss Yearly Chart

Marathon Nextgen Realty Ltd Growth

Compounded Sales Growth
10 Years:	%
5 Years:	54%
3 Years:	51%
TTM:	-2%

Compounded Profit Growth
10 Years:	%
5 Years:	40%
3 Years:	122%
TTM:	33%

Stock Price CAGR
10 Years:	29%
5 Years:	52%
3 Years:	99%
1 Year:	85%

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

Last Updated: July 25, 2024, 5:42 am

Marathon Nextgen Realty Ltd Balance Sheet

Last Updated: July 10, 2024, 2:29 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	28	28	23	23	23	23	23	23	23
Reserves	567	648	527	584	570	586	626	746	840
Borrowings	0	11	208	429	567	739	1,087	869	858
Other Liabilities	8	8	128	461	456	351	402	515	462
Total Liabilities	604	696	885	1,497	1,617	1,699	2,139	2,153	2,183
Fixed Assets	0	0	105	221	294	287	286	283	282
CWIP	0	0	0	0	0	0	0	0	0
Investments	0	0	14	22	26	13	271	49	62
Other Assets	603	695	767	1,255	1,297	1,399	1,582	1,821	1,839
Total Assets	604	696	885	1,497	1,617	1,699	2,139	2,153	2,183

Marathon Nextgen Realty Ltd Reserves and Borrowings Chart

Marathon Nextgen Realty Ltd 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	386	22
Cash from Investing Activity	64	45	-198	-312	-71	-3	-375	-46	112
Cash from Financing Activity	-14	8	40	203	60	144	274	-326	-155
Net Cash Flow	-2	-3	11	-8	7	32	-26	14	-21

Marathon Nextgen Realty Ltd Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	128	497	0	24	33	89	45	22
Inventory Days	383	65			12,215	14,683
Days Payable	4	5			3,492	1,510
Cash Conversion Cycle	507	556	0	24	8,756	13,262	45	22
Working Capital Days	385	558	557	1,347	304	987	675	272
ROCE %		17%	6%	6%	6%	6%	7%	17%

Marathon Nextgen Realty Ltd Financial Efficiency Indicators Chart

Marathon Nextgen Realty Ltd 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

Marathon Nextgen Realty Ltd Shareholding Pattern Chart

No. of Marathon Nextgen Realty Ltd Shareholders

This stock is not held by any mutual fund

Marathon Nextgen Realty Ltd ROCE Trend

Marathon Nextgen Realty Ltd EPS Trend

Marathon Nextgen Realty Ltd 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) (%)	0.00	1.90	0.00	0.00	11.51
Dividend Payout Ratio (CP) (%)	0.00	1.86	0.00	0.00	9.31
Earning Retention Ratio (%)	0.00	98.10	0.00	0.00	88.49
Cash Earning Retention Ratio (%)	0.00	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 (%)	0.00	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

Marathon Nextgen Realty Ltd Profitability Ratios (%)

Marathon Nextgen Realty Ltd Liquidity Ratios

Marathon Nextgen Realty Ltd Liquidity Ratios (%)

Marathon Nextgen Realty Ltd Interest Coverage Ratios (%)

Marathon Nextgen Realty Ltd Valuation Ratios

Fair Value

Fair Value: 701.37

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.

Undervalued: 13.31% compared to the current price 619

Intrinsic Value: 992.65

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 60.36% compared to the current price 619

Last 5 Year EPS CAGR: 41.53%

*Investments are subject to market risks

Strength and Weakness of Marathon Nextgen Realty Ltd Stock

Strength	Weakness
The company has higher reserves (647.11 cr) compared to borrowings (519.00 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 8.13%, which may not be favorable. The stock has a high average Working Capital Days of 467.38, which may not be favorable. The stock has a high average Cash Conversion Cycle of 146.88, which may not be favorable.

FAQ

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

The latest fair value of Marathon Nextgen Realty Ltd is ₹701.37.

What is the Market Cap of Marathon Nextgen Realty Ltd?

The Market Cap of Marathon Nextgen Realty Ltd is 3,169 Cr..

What is the current Stock Price of Marathon Nextgen Realty Ltd as on 27 July 2024?

The current stock price of Marathon Nextgen Realty Ltd as on 27 July 2024 is 619.

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

In FY 2024, the High / Low of Marathon Nextgen Realty Ltd stocks is 648/331.

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

The Stock P/E of Marathon Nextgen Realty Ltd is 19.0.

What is the Book Value of Marathon Nextgen Realty Ltd?

The Book Value of Marathon Nextgen Realty Ltd is 195.

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 15.9 %.

What is the ROE of Marathon Nextgen Realty Ltd?

The ROE of Marathon Nextgen Realty Ltd is 18.9 %.

What is the Face Value of Marathon Nextgen Realty Ltd?

The Face Value of Marathon Nextgen Realty Ltd is 5.00.