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Marathon Nextgen Realty Limited

Marathon Nextgen Realty Limited

MARATHON.BO
Marathon Nextgen Realty LimitedIN flagBombay Stock Exchange
416.10
INR
-4.90
- -
28.08BMarket Cap
Marathon Nextgen Realty Limited
MARATHON.BO
(Bombay Stock Exchange)

Recent

price

416.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
17.09
14.4
8.1
5.2
4.1
34.69
33.96
14.15
17.83
52.39
44.68
66.5
151.14
145.73
115.72
79.59
78.91
Revenue per Share
15.46
12.48
8.77
6.42
6.75
14.66
14.79
7.93
6.84
5.23
3.3
8.37
26.18
34.43
37.21
32.56
32.28
Basic EPS, GAAP
13.6
-0.41
-3.08
2.94
0.04
-9.23
-9.78
34.64
19.96
3.92
-23.77
16.27
68
4.27
-5.72
-9.23
- -
Free Cash Flow per Basic Share
-0.72
-0.17
- -
1.5
1.67
2
0.6
0.57
2.41
0.6
- -
- -
0.5
0.97
1.04
1.08
- -
Dividend per Share
3.38
3.38
29.19
31.02
33.6
45.06
59.25
74.06
91.32
88.27
91.43
98.48
123.73
154.17
184.88
5.41
5.36
Book Value per Share
68.47
79.41
86.38
90.84
92.74
104.32
118.86
112.4
113.66
102.68
106.28
115.12
144.56
183.82
214.31
352.63
349.59
Tangible Book Value per Share
57
57
57
57
57
57
57
49
46
46
46
46
46
48
50
62
63
Basic Weighted Avg Shares
972
819
461
296
233
1,973
1,931
692
820
2,410
2,055
3,059
6,985
7,046
5,801
4,961
4,961
Sales/Revenue/Turnover
20.37
118.31
25.29
18.46
21.64
30.54
29.35
61.99
61.3
24.34
31.1
23.49
34.76
32.62
29.37
24.08
24.44
Operating Margin (%)
4
4
2
1
3
3
1
8
18
57
54
30
32
28
36
16
16
Depreciation Expense
879
710
499
365
384
834
841
387
315
241
152
385
1,210
1,665
1,866
2,030
2,030
Net Income, GAAP
18.65
19.14
- -
22.57
26.85
20.79
20.61
27.33
19.71
20.67
27.84
32.64
27.73
25.77
21.85
23.71
23.71
Effective Tax Rate (%)
90.49
86.67
108.26
123.45
164.66
42.26
43.56
56.03
38.38
9.99
7.39
12.59
17.32
23.63
32.16
40.91
40.91
Profit Margin (%)
2,859
3,301
3,621
-43
80
2,112
2,960
1,164
2,899
1,648
5,669
4,324
5,267
5,673
5,847
12,993
12,993
Working Capital
221
- -
1
- -
- -
- -
113
1,165
3,530
4,348
6,673
8,907
7,792
5,826
3,779
857
857
LT Debt
3,894
4,516
4,913
5,167
5,274
5,952
6,760
5,495
6,213
5,975
6,141
6,548
7,933
10,168
12,026
23,297
23,297
Total Equity
4.23
18.16
- -
0.83
0.71
8.5
7.03
4.32
4.47
4.21
3.67
3.13
10.27
9.86
7.48
4.34
4.4
Return on Invested Capital (%)
198.94
258.6
- -
20.69
20.9
37.27
27.91
9.11
6.68
6.01
4.25
6.43
13.6
15.62
15.13
24.76
24.92
Return on Capital (%)
547.91
369.56
53.85
21.31
20.9
37.27
28.36
11.08
8.05
5.83
3.68
8.82
23.61
25.28
22.31
42.26
42.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
117
- -
136
LT Borrowings
474
- -
857
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
67
- -
67
Market Capitalization
32,271
32,725
23,817

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
15,958
- -
16,354
Cash, Cash Equivalents & STI
5,702
- -
4,180
Accounts Receivable, Net
719
- -
572
Inventories
6,794
- -
8,371
Total Current Liabilities
3,252
- -
3,361
Payables & Accruals
- -
- -
- -
ST Debt
117
- -
136
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.48%
33.59%
93.72%
Free Cash Flow
-131.14%
-16.01%
100.78%
Net Income, GAAP
29.39%
85.22%
8.79%
Sales/Revenue/Turnover
27.73%
29.18%
-14.48%
Total Cash Common Dividend
- -
- -
29.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,098
1,290
2,104
1,513
7,046
2025
1,622
1,460
1,234
1,486
5,801
2026
1,408
1,169
1,249
1,135
4,961

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.11
7.32
10.22
- -
34.43
2025
7.22
9.46
9.58
10.59
37.21
2026
11.69
9.8
4.85
6.75
32.56

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.97
2025
- -
- -
- -
- -
1.04
2026
- -
- -
- -
- -
1.08
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Business
Marathon Nextgen Realty Limited is a publicly listed real estate development company primarily engaged in residential, commercial, mixed-use, and affordable housing projects. The company develops and sells luxury residential complexes under brands such as Marathon Nextgen Royale, Marathon Empress, Nexzone, and NeoHomes; commercial office spaces including Marathon Futurex, Monte Plaza, and Millennium; retail spaces; and integrated townships across the Mumbai Metropolitan Region. Additionally, it undertakes large-scale Slum Rehabilitation Authority (SRA) projects and affordable housing projects, notably in Bhandup, and premium commercial projects in Mulund. Founded as part of the Marathon Group, a 53-year-old firm with over 80 completed projects, Marathon Nextgen Realty is headquartered in Mumbai, India. In the last two years, Marathon Nextgen Realty has executed multiple major strategic initiatives. It raised Rs. 900 crore through a Qualified Institutions Placement in mid-2025 to expand its development pipeline and invest in high-potential opportunities in Mumbai. The company has completed acquisitions of its group affiliates Marathon Energy Private Limited and Marathon Nexzone Land Private Limited to consolidate operations. It executed a reorganization incorporating promoter group entities for improved corporate governance and asset consolidation. Recent project launches include the NeoHomes affordable housing series in Bhandup and significant commercial projects such as Monte South in Byculla, which won Best Ultra Luxury Project of the year. Marathon continues to focus on expanding its geographic footprint through ongoing projects at Lower Parel, Mulund, Panvel, Thane, and Dombivli. Marathon Nextgen Realty serves a broad customer base encompassing end-users, commercial tenants, and institutional investors. Its product portfolio caters to premium, mid-segment, and affordable housing markets as well as commercial office occupiers. The company integrates design-driven, high-quality construction with contemporary amenities across residential and commercial developments. Major projects in progress include Monte South, Marathon Futurex, Marathon Millennium, Nexzone, Neo Park, and Neo Valley. Its strategic alliances and joint ventures enhance land acquisition and capital resources, supporting a diversified real estate platform that spans housing, commercial, retail, and mixed-use developments mainly focused on Mumbai and surrounding suburbs. Overall, Marathon Nextgen Realty Limited operates as a leading Mumbai-based real estate developer with a diversified product base that includes luxury and affordable homes, commercial office space, retail, and integrated townships. Recent capital raises, acquisitions, reorganizations, and project launches underpin its growth strategy focused on expanding presence in Mumbai’s residential and commercial real estate markets while strengthening financial and operational governance. The company leverages its long-standing group heritage, sizable land bank, and design-led approach to meet evolving market demands.