MARATHON · Marathon Nextgen Realty Ltd · Construction Services
MARATHON · Marathon Nextgen Realty Ltd · Construction Services
As of 06 Nov close
52-week range
35.6% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹198 Cr
Revenue YoY
PAT YoY
-16.1%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.3
P/S (TTM)
5.3
Sector P/E
14.4
Dividend yield
+0.2%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MARATHON (this stock) | 13.9 | 1.3 | +35.0% | +8.5% | 0.04 | +0.2% |
| DLF | 34.5 | 3.5 | +65.8% | +9.8% | 0.01 | +1.2% |
| Lodha Developers | 23.1 | 4.6 | +22.7% | +17.7% | 0.42 | +0.4% |
| Indus Towers | 14.4 | 2.4 | +21.8% | +17.3% | 0.52 | +3.6% |
Promoter
rising 2q
FII
falling 1q
MF
9.94% (0.00pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Marathon Nextgen Realty Limited held its Q1 FY27 Earnings Conference Call on August 10, 2026. Management reported a total income of INR 217 crores, marking a multi-quarter high, with EBITDA at INR 66 crores and profit after tax at INR 52 crores. The company highlighted strong sales from its diversified portfolio, including approximately 38,000 square feet sold in the quarter, generating a booking value of INR 86 crores. Key projects such as Monte South and Marathon Nexzone showed healthy customer interest, with Monte South achieving significant sales and collections. Management discussed ongoing projects and future development opportunities, including two new redevelopment projects in Versova and Sewri, each with an estimated GDV of INR 450 crores. The company emphasized its strong balance sheet and net cash position, allowing for selective new acquisitions. Management set a goal of maintaining disciplined capital allocation while focusing on execution and growth across various segments.
Management emphasized strong financial performance and growth opportunities.
Sourced from an exchange-filed transcript, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Marathon Nextgen Realty Limited's investor presentation for the first quarter ended June 30, 2026, reported a total income of ₹217 crore, a 43% increase from the previous quarter. EBITDA was ₹66 crore, reflecting a 5% quarter-on-quarter growth, while profit after tax (PAT) rose by 15% to ₹52 crore. The presentation highlighted operational achievements, including full occupancy certificates for Cedar and Daffodil towers, and steady construction progress across key projects. The area sold during the quarter was 0.38 lakh sq. ft., with collections amounting to ₹118 crore. The document also detailed ongoing and upcoming projects, emphasizing the company's diversified portfolio and strategic land acquisitions aimed at enhancing growth potential. Management noted a strong liquidity position and a conservative debt profile, supporting future growth initiatives.
Management emphasized strong financial performance and operational achievements.
Sourced from an exchange-filed presentation, dated 10 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for Marathon Nextgen Realty Limited on June 1, 2026, highlighted a transformational year for the company, reporting its highest-ever profit after tax of INR 206 crores for FY26. Management discussed strategic initiatives focused on strengthening the balance sheet, expanding the development platform, and creating visibility for sustainable growth. A significant QIP of INR 900 crores was raised, with funds allocated for debt repayment and ongoing projects. The company acquired controlling interests in three real estate entities in Kanjurmarg, with a projected GDV of over INR 840 crores. Operationally, FY26 saw strong sales performance, with total income of INR 639 crores and a consolidated EBITDA of INR 261 crores. Management emphasized ongoing project execution and plans for future acquisitions, while also noting robust demand for commercial spaces in key markets. The call concluded with management expressing gratitude for investor interest and engagement.
Management emphasized strong financial performance and strategic growth initiatives.
Sourced from an exchange-filed transcript, dated 05 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Marathon Nextgen Realty Limited for the fourth quarter and year ended March 31, 2026, reported significant achievements, including a record profit after tax (PAT) of ₹206 crore, marking a PAT margin of approximately 32%. The company highlighted total income of ₹639 crore and an EBITDA of ₹261 crore, reflecting a margin of around 41%. Collections reached ₹781 crore from the existing portfolio and ₹1,048 crore post-merger. The presentation noted that the company achieved a net cash positive position for the first time in its history, following a successful ₹900 crore Qualified Institutional Placement (QIP) aimed at strengthening the balance sheet. Additionally, Marathon reported strategic acquisitions, including controlling stakes in three real estate entities, enhancing its development pipeline. The document emphasized the company's diversified portfolio and ongoing projects across various segments, positioning it for future growth.
Management emphasized strong financial performance and strategic growth initiatives.
Sourced from an exchange-filed presentation, dated 31 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Marathon Nextgen Realty Limited reported strong performance in its Q3 and 9M FY26 earnings call, with a record profit after tax of INR 161 crores. Management highlighted robust sales in both commercial and residential segments, with total revenue for the nine months at INR 487 crores. The company noted significant contributions from its commercial portfolio and steady residential traction, with area sales reaching approximately 1.8 lakh square feet. Management discussed ongoing projects, including Monte South and Marathon Futurex, and emphasized the positive impact of recent infrastructure developments in Mumbai. They confirmed a focus on the Mumbai Metropolitan Region (MMR) for future projects, with plans for new launches in Panvel and Bhandup. The management also addressed inquiries about the merger process, stating it is in the final stages of SEBI approval. Overall, the call reflected confidence in the company's growth trajectory and market positioning.
Management emphasized strong performance and growth opportunities.
Sourced from an exchange-filed transcript, dated 23 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Marathon Nextgen Realty Limited, dated February 16, 2026, provided an overview of the company's unaudited financial results for the third quarter and nine months ended December 31, 2025. The document highlighted the successful raising of ₹900 crore through a Qualified Institutional Placement (QIP) aimed at growth initiatives and debt reduction. Management reported steady operational execution with significant metrics, including a total income of ₹141 crore and a profit after tax of ₹33 crore for Q3 FY26. The presentation detailed the company's diversified portfolio, ongoing projects, and strategic initiatives, including an amalgamation designed to streamline operations and enhance growth potential. The document emphasized the company's strong leadership team and in-house capabilities, which support its growth strategy and operational efficiency.
Management emphasized strong operational execution and strategic growth initiatives.
Sourced from an exchange-filed presentation, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMarathon Nextgen Realty Limited reported on its FY2025-26 performance, highlighting strategic initiatives including a capital raise, acquisitions, and regulatory progress on amalgamation. The company emphasized its diversified portfolio across residential and commercial segments, strong execution capabilities, and expansion into key micro-markets in Mumbai. It noted resilience in operational performance, with pre-sales and collections showing growth, and outlined future growth drivers such as its post-merger land bank and redevelopment projects. The report also included a cautionary statement about forward-looking statements and risks associated with macroeconomic factors and regulatory changes.
- Strategic initiatives including capital raise, acquisitions, and regulatory progress on amalgamation to enhance scale and growth trajectory
- Diversified portfolio across residential and commercial segments with a focus on key Mumbai micro-markets
- Strong execution capabilities and in-house construction expertise to ensure project timelines and cost control
- Expansion into redevelopment platforms in select micro-markets like Versova and Sewri to build a scalable platform
- Post-merger land bank across high-growth corridors in Mumbai providing significant development potential
Key takeaway: Marathon Nextgen Realty's strategic initiatives, diversified portfolio, and strong execution capabilities position it to capitalize on growth opportunities in Mumbai's key micro-markets, supported by a post-merger land bank and redevelopment projects.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (5 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
5 occurrencesRecent (last 12 months)
The company received a Show Cause Notice from the Ministry of Corporate Affairs on 25 March 2025 regarding non-compliance with Section 148 of the Companies Act, 2013 due to non-filing of the Cost Audit report for the year ended 31 March 2024. The Board approved the report on 21 May 2025 and filed it with the ROC on 03 June 2025.
Earlier (1-3 years ago)
The company was fined for delays in filing related party transactions and non-submission of security cover disclosures to stock exchanges.
The company was fined ₹11,800 by NSE for delayed filing of related party transactions and ₹46,020 for non-disclosure of security cover for NCDs, as per SEBI LODR regulations.
Older (3+ years ago)
The company was informed of shorter notice to Stock Exchange(s), leading to penalties under SEBI(LODR) Regulations by NSE and BSE.
The Employees Provident Fund Organization issued a show cause notice against the company for a claim of 38.83 Lakhs, and the company has appealed to the Provident Fund Appellate Tribunal. The recovery of principal interest and damages has been stayed pending hearing.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has a contingent liability related to disputed Sales Tax claims for the financial years 2006-07, 2007-08, and 2009-10, with a pre-deposit of ₹451.00 Lakhs made, and the matter is pending re-assessment by the Bombay High Court.
Earlier (1-3 years ago)
The company has contingent liabilities related to claims not acknowledged as debts for past disputed liabilities, including Sales Tax, Central Excise, and Provident Fund, as of 31 March 2024 and 2023.
Marathon Nextgen Realty Limited has contingent liabilities related to disputed sales tax claims for the financial years 2006-07, 2007-08, and 2009-10, with the Deputy Commissioner of Sales Tax having dismissed the company's appeal. The company does not expect any outflow of economic resources and has not made provisions for these claims.
Older (3+ years ago)
The company has contingent liabilities as noted in Note 40 of the financial statements.
MARATHON NEXTGEN REALTY LIMITED has contingent liabilities related to claims against the company not acknowledged as debts in respect of past disputed liabilities, including Income Tax, Sales Tax, Central Excise, Provident Fund, and Employee State Insurance Corporation.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
The company is seeking shareholder approval for related party transactions with Marathon Realty Private Limited, a real estate construction and development company in India, involving loans, guarantees, or security under Section 185 of the Companies Act, 2013.
Earlier (1-3 years ago)
The company has material related party transactions with its subsidiaries, including Sanvo Resorts Private Limited and Nexzone Fiscal Services Private Limited, involving loans up to 400 crore for real estate development and corporate purposes.
The company's shareholders approved a related party transaction for the acquisition of 90,000 Equity Shares of M/s. Nexzone Fiscal Services Pvt Ltd, a Marathon Group Company.
Older (3+ years ago)
The company plans to engage in related-party transactions exceeding 10% of its consolidated turnover, involving Inter-Corporate Deposits and loans with entities having common directors, requiring approval of unrelated members via a special resolution.
The company is seeking shareholder approval to enter into transactions with United Builders (UB), a related party part of the Marathon Group.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
The company acknowledged a lapse in compliance with Regulation 21(3C) regarding the maximum period between consecutive Risk Management Committee meetings, which was beyond 120 days, and responded to the Stock Exchanges' clarification request.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
9.25% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).