Maral Overseas
- Market cap
- ₹ 228 Cr.
- P/E
- 7.8x
- P/B
- 2.18x
- 52-week range
- 34.11 – 68.89
- ROE
- 4%
- ROCE
- 8%
- Dividend yield
- 0%
- Debt / equity
- 3.65
- Sector
- Textiles & Apparels
- Industry
- Other Textile Products
- Listed on
- NSE, BSE
About
Maral Overseas Limited is an India-based textile company. The Company produces a variety of yarns, fabrics, and apparel for global and Indian brands. The Company operates through three segments: Yarn, Fabrics, and Garment. The Company makes a range of knitted fabrics, which include single jerseys, ribs, interlocks, piques, honey combs, fleece, plaited and variegated structured fabrics, feeder, and engineered stripes, which are made of 100% cotton and various blends. It produces a range of garments, including activewear, casual wear, athleisure, and sleepwear for men and women, using conventional, organic, fair-trade and blended materials. Its yarn products include compact yarn, slub yarn, core spun yarn, eli twist yarn, zero twist yarn, synthetics blends, cellulosic blends, LENZING modal/Birla modal and blends, TENCEL lyocell and blends, melange yarn, flame retardant yarn, and aramid yarn. The Company’s yarn and fabric units are at its Maral Sarovar plant.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Textile Products: 275 companies →Maral Overseas against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.8 against a typical 16.6: cheaper than most peers (1st = cheapest).52nd of 268
- Sales growth+16.7% against a typical +6.7% from a year earlier.73rd of 234
- Share price, 3 months−1.9% against a typical −4%.104th of 240
- Size₹ 228.5 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).65th of 256
Latest announcements
Exchange filings and their impact on the company.
- Strong turnaround to profit with Rs 180 cr growth capex and captive solar to support 14-18% revenue growth.
Maral Overseas reported Q2 FY27 revenue of Rs 301.3 crore, up 20.6% year-on-year, with net profit of Rs 7 crore versus a loss last year, and H1 profit of Rs 13 crore. The board also gave in-principle approval for up to Rs 180 crore capex till 2030 to modernise the Sarovar spinning, fabric printing and engineering units including a melange unit. It raised the investment for a 26% stake in Asawata Energy for a 15 MW captive solar plant to Rs 3.64 crore to cut power costs.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BB+ | Positive | 10 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Reaffirmed | CARE BB+ | — | CARE | ₹ 382.09 Cr. | |
| 9 Jul 2026 | ▲ Outlook raised | CARE BB+ Outlook Stable → Positive | — | CARE | ₹ 372.57 Cr. | |
| 25 Nov 2025 | Reaffirmed | CARE BB+ | — | CARE | ₹ 372.57 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the un-audited financial results for the quarter and half year ended 30th September 2026 |
| 30 Jul 2026 | Financial Results | To consider and approve the un-audited financial results for the period ended Jun 30, 2026 |
| 7 May 2026 | Financial Results | To consider and approve the financial results for the quarter and year ended March 31, 2026 |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 1 Aug 2025 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended Jun 30, 2025 and Fund Raising |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 245 | 228 | 260 | 251 | 271 | 250 | 275 | 226 | 250 | 247 | 258 | 263 |
| Expenses | 233 | 214 | 247 | 247 | 264 | 249 | 264 | 224 | 241 | 228 | 240 | 246 |
| Operating Profit | 12 | 14 | 13 | 4 | 7 | 1 | 10 | 2 | 9 | 19 | 18 | 17 |
| OPM % | 5.1% | 6.1% | 5% | 1.4% | 2.7% | 0.5% | 3.8% | 0.7% | 3.6% | 7.8% | 7.1% | 6.4% |
| Other Income | 4 | 5 | 11 | 8 | 3 | 5 | 7 | 5 | 5 | 4 | 10 | 6 |
| Interest | 9 | 9 | 8 | 9 | 10 | 9 | 9 | 10 | 9 | 9 | 9 | 9 |
| Depreciation | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 9 | 8 | 8 | 8 | 8 |
| Profit before tax | −2 | 1 | 8 | −6 | −7 | −11 | −0 | −13 | −3 | 6 | 11 | 5 |
| Tax % | 23.8% | −63.1% | 23.5% | −0.3% | −5.2% | −7.3% | −46.5% | −1.4% | −11.2% | 6.5% | −18.6% | −12.4% |
| Net Profit | −2 | 1 | 6 | −6 | −7 | −11 | −0 | −13 | −3 | 5 | 13 | 6 |
| EPS in Rs | −0.55 | 0.26 | 1.42 | −1.55 | −1.67 | −2.54 | −0.06 | −3.03 | −0.67 | 1.28 | 3.21 | 1.44 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 9%
- 3 Years
- −1%
- TTM
- 0%
- 10 Years
- −9%
- 5 Years
- −19%
- 3 Years
- 31%
- TTM
- 174%
- 10 Years
- 7%
- 5 Years
- −6%
- 3 Years
- 2%
- TTM
- —
- 10 Years
- 3%
- 5 Years
- 3%
- 3 Years
- −8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Maral Overseas | ₹ 58.50 | ₹ 228 Cr. | 7.8x | 2.2x | 4% | — |
| Page Industries | ₹ 33,830.00 | ₹ 37,734 Cr. | 56.1x | 29.6x | 52.5% | 14.6% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 23.5x | 1.8x | 7.3% | 7.6% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 57.5x | 3.3x | 5.4% | 3% |
| Alok Industries | ₹ 8.10 | ₹ 4,022 Cr. | — | — | — | −20% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 63.1x | 2.8x | 4.7% | 2.5% |
Management
- Shekhar Agarwal
- Executive Chairman of the Board, Chief Executive Officer, Managing Director
- Manoj Gupta
- Chief Financial Officer
- Naveen Maheshwari
- Senior Vice President
- Sandeep Singh
- Compliance Officer, Company Secretary
- Shantanu Agarwal
- Joint Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.