Marathon Nextgen Realty Ltd

Marathon Nextgen Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marathon Nextgen Realty Ltd

₹ 454 4.32%
29 Sep - close price
marathonrealty.com BSE: 503101 NSE : MARATHON
About

Marathon Nextgen Realty Ltd was incorporated in 1978. It is primarily engaged in the business of construction, development and sale of commercial and residential real estate projects. The co. is entering into new areas like SEZs, townships, infrastructure development, entertainment and leisure, education, hospitality and the capital markets. [1] [2]

Key Points

Revenue Split FY22
Sale of property: ~85%
Interest Income from Project Advances: 11%
Income from Rental (Future X): 4% [1]

Website BSE NSE
  • Market Cap ₹ 2,102 Cr.
  • Current Price ₹ 454
  • High / Low ₹ 469 / 186
  • Stock P/E 18.5
  • Book Value ₹ 170
  • Dividend Yield 0.22 %
  • ROCE 17.6 %
  • ROE 14.9 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 28.9% CAGR over last 5 years
  • Debtor days have improved from 30.4 to 19.2 days.

Cons

  • Stock is trading at 2.67 times its book value
  • Company has a low return on equity of 7.80% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
15 13 11 16 11 9 10 128 66 34 239 106 90
2 1 2 3 10 4 4 82 34 14 133 70 43
Operating Profit 13 12 9 12 1 6 6 46 32 20 106 35 47
OPM % 89% 93% 80% 78% 6% 60% 59% 36% 49% 59% 44% 33% 53%
7 3 9 4 6 6 6 7 22 7 7 7 16
Interest 7 7 8 8 9 8 10 23 24 25 27 21 20
Depreciation 1 1 2 1 1 1 1 1 1 1 1 1 1
Profit before tax 13 6 8 7 -3 3 1 29 30 1 85 21 43
Tax % -2% 14% 22% 46% -31% 26% 11% 25% 12% 18% 27% 27% 18%
13 6 6 4 -4 2 1 22 27 1 62 15 35
EPS in Rs 2.80 1.20 1.35 0.82 -0.89 0.51 0.29 4.79 5.76 0.26 13.41 3.28 7.60
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
82 46 30 23 197 193 69 81 81 54 158 445 469
19 34 24 18 137 136 26 29 28 8 93 245 260
Operating Profit 63 12 5 5 60 57 43 52 53 47 65 200 209
OPM % 77% 26% 18% 22% 31% 29% 62% 65% 66% 86% 41% 45% 45%
34 40 42 48 51 55 1 11 19 23 19 36 37
Interest 9 3 0 0 0 0 5 21 29 31 50 97 93
Depreciation 0 0 0 0 0 0 1 2 5 5 3 3 3
Profit before tax 88 48 47 53 111 112 39 40 39 34 31 137 150
Tax % 19% -5% 23% 27% 21% 21% 20% 15% 11% 16% 30% 24%
71 50 36 38 87 88 31 34 34 28 22 105 114
EPS in Rs 12.48 8.76 6.41 6.75 15.29 15.46 6.72 7.44 7.48 6.18 4.71 22.69 24.55
Dividend Payout % 11% 17% 26% 30% 3% 3% 30% 7% 0% 0% 11% 4%
Compounded Sales Growth
10 Years: 25%
5 Years: 45%
3 Years: 76%
TTM: 120%
Compounded Profit Growth
10 Years: 8%
5 Years: 29%
3 Years: 47%
TTM: 117%
Stock Price CAGR
10 Years: 26%
5 Years: 28%
3 Years: 107%
1 Year: 107%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 19 19 19 28 28 23 23 23 23 23 23
Reserves 432 472 498 522 598 683 554 577 608 637 660 764
36 12 0 0 0 11 208 310 331 410 716 552
52 20 23 22 8 8 128 123 131 51 77 89
Total Liabilities 540 522 540 564 635 731 913 1,033 1,093 1,121 1,477 1,429
8 1 1 1 0 0 105 114 161 155 153 150
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 126 126 126 126 1 0 3 141 223 222 452 234
406 395 413 437 634 730 804 778 709 744 872 1,045
Total Assets 540 522 540 564 635 731 913 1,033 1,093 1,121 1,477 1,429

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 -18 17 0 -52 -56 169 21 58 -90 109 241
44 43 -0 14 64 45 -198 -99 -16 59 -355 14
-44 -28 -22 -11 -14 8 40 70 -43 32 256 -246
Net Cash Flow -2 -2 -5 3 -2 -3 11 -9 -2 0 10 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 16 32 21 11 128 497 0 4 12 51 21 19
Inventory Days 1,974 500 333 790 383 65 3,721 1,055
Days Payable 45 5 12 47 4 5 221 55
Cash Conversion Cycle 1,945 526 342 754 507 556 0 4 12 51 3,521 1,019
Working Capital Days 1,507 2,888 -70 -163 385 558 557 912 799 3,101 952 302
ROCE % 20% 10% 9% 10% 19% 17% 6% 7% 7% 6% 7% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.65% 74.65% 74.44% 74.44% 74.40%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.07% 0.01% 0.15% 0.24%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.12% 0.08% 0.01% 0.03% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.14% 0.00% 0.00% 0.00%
25.02% 25.02% 25.02% 25.02% 25.02% 25.01% 24.99% 25.20% 23.06% 25.53% 25.38% 25.35%
No. of Shareholders 6,2736,0837,3048,4799,7278,3397,9719,1518,7707,9237,5827,382

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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