Marathon Nextgen Realty Ltd

Marathon Nextgen Realty Ltd

₹ 446 2.01%
24 Apr 2:25 p.m.
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

Real estate portfolio[1]
The company's portfolio includes commercial, luxury residential, townships, affordable housing and retail.

  • Market Cap 2,282 Cr.
  • Current Price 446
  • High / Low 534 / 270
  • Stock P/E 16.0
  • Book Value 169
  • Dividend Yield 0.23 %
  • ROCE 16.8 %
  • ROE 17.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 26.5% CAGR over last 5 years
  • Debtor days have improved from 52.2 to 22.1 days.

Cons

  • Stock is trading at 2.60 times its book value
  • Company has a low return on equity of 9.24% 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

Consolidated Figures in Rs. Crores / View Standalone

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
53 69 35 37 68 165 98 170 278 170 210 129 210
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%
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%
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
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
197 193 69 82 241 206 306 717 720
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%
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%
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%
Compounded Sales Growth
10 Years: %
5 Years: 60%
3 Years: 44%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 73%
TTM: 12%
Stock Price CAGR
10 Years: 26%
5 Years: 29%
3 Years: 103%
1 Year: 41%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 9%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
0 11 208 429 567 739 1,087 869 858
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
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
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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-52 -56 169 101 18 -109 76 386
64 45 -198 -312 -71 -3 -375 -46
-14 8 40 203 60 144 274 -326
Net Cash Flow -2 -3 11 -8 7 32 -26 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.97% 74.97% 74.97% 74.97% 74.65% 74.65% 74.44% 74.44% 74.40% 73.45% 73.68% 73.68%
0.00% 0.00% 0.01% 0.03% 0.03% 0.07% 0.01% 0.15% 0.24% 2.34% 1.56% 0.56%
0.01% 0.01% 0.01% 0.01% 0.12% 0.08% 0.01% 0.03% 0.01% 0.01% 0.07% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 2.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.02% 25.02% 25.01% 24.99% 25.20% 23.06% 25.53% 25.38% 25.35% 24.20% 24.68% 25.75%
No. of Shareholders 8,4799,7278,3397,9719,1518,7707,9237,5827,38210,20110,33010,910

* 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.

Click on the line-items to see the names of individual entities.

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