Marathon Nextgen Realty Ltd
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]
- Market Cap ₹ 2,282 Cr.
- Current Price ₹ 446
- High / Low ₹ 534 / 270
- Stock P/E 23.4
- Book Value ₹ 168
- Dividend Yield 0.23 %
- ROCE 17.6 %
- ROE 14.9 %
- Face Value ₹ 5.00
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 2.63 times its book value
- Company has a low return on equity of 7.80% over last 3 years.
- Company's cost of borrowing seems high
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 391 | |
19 | 34 | 24 | 18 | 137 | 136 | 26 | 29 | 28 | 8 | 93 | 245 | 210 | |
Operating Profit | 63 | 12 | 5 | 5 | 60 | 57 | 43 | 52 | 53 | 47 | 65 | 200 | 181 |
OPM % | 77% | 26% | 18% | 22% | 31% | 29% | 62% | 65% | 66% | 86% | 41% | 45% | 46% |
34 | 40 | 42 | 48 | 51 | 55 | 1 | 11 | 19 | 23 | 19 | 36 | 32 | |
Interest | 9 | 3 | 0 | 0 | 0 | 0 | 5 | 21 | 29 | 31 | 50 | 97 | 82 |
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 | 128 |
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 | 98 | |
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 | 20.45 |
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: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 29% |
3 Years: | 47% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 29% |
3 Years: | 103% |
1 Year: | 41% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 28 | 28 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 432 | 472 | 498 | 522 | 598 | 683 | 554 | 577 | 608 | 637 | 660 | 764 | 835 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
36 | 12 | 0 | 0 | 0 | 11 | 208 | 310 | 331 | 410 | 716 | 552 | 499 | |
52 | 20 | 23 | 22 | 8 | 8 | 128 | 123 | 131 | 51 | 77 | 89 | 96 | |
Total Liabilities | 540 | 522 | 540 | 564 | 635 | 731 | 913 | 1,033 | 1,093 | 1,121 | 1,477 | 1,429 | 1,454 |
8 | 1 | 1 | 1 | 0 | 0 | 105 | 114 | 161 | 155 | 153 | 150 | 149 | |
CWIP | 0 | 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 | 241 |
406 | 395 | 413 | 437 | 634 | 730 | 804 | 778 | 709 | 744 | 872 | 1,045 | 1,064 | |
Total Assets | 540 | 522 | 540 | 564 | 635 | 731 | 913 | 1,033 | 1,093 | 1,121 | 1,477 | 1,429 | 1,454 |
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% |
Documents
Announcements
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 17 Apr
- Compliance - PCS Certificate Under Regulation 40(9) And 40 (10) Of SEBI (Listing Obligations And Requirements) Regulations, 2015. 17 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Apr
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Apr
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Announcement under Regulation 30 (LODR)-Retirement
2 Apr - Retirement of Mr. K S Raghavan, from the office of Company Secretary and Compliance officer upon superannuation.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptNotesPPT
Real estate portfolio[1]
The company's portfolio includes commercial, luxury residential, townships, affordable housing and retail.