Marathon Nextgen Realty
- Market cap
- ₹ 2,538 Cr.
- P/E
- 14.4x
- P/B
- 1.09x
- 52-week range
- 344.05 – 619.8
- ROE
- 5%
- ROCE
- 8%
- Dividend yield
- 0.3%
- Debt / equity
- 0.04
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- NSE, BSE
About
Marathon Nextgen Realty Limited is an India-based real estate development company. The Company is primarily engaged in the business of construction, development and sale of commercial and residential real estate projects. The Company’s core business activities are carried out under various business models, including own development, through joint ventures and joint development and other arrangements with third parties. It is building several townships in the growing neighborhoods, affordable housing projects, ultra-luxury skyscrapers, small offices and large business centers. Its portfolio encompasses a diverse range of developments, including premium and luxury residences, such as Monte South, affordable and mid-income housing and township projects, such as NeoHomes and Nexzone, as well as commercial spaces, including Futurex and Millennium. Its ongoing projects include Monte South Residential, Nexzone, NeoPark / NeoSquare, NeoValley and Millennium.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →Marathon Nextgen Realty 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)14.4 against a typical 23.8: cheaper than most peers (1st = cheapest).54th of 173
- Sales growth+10.3% against a typical +6.6% from a year earlier.59th of 134
- Profit growth−32.8% against a typical +2.9% from a year earlier.67th of 108
- Share price, 3 months−5% against a typical −9.9%.55th of 147
- Size₹ 2,537.5 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).33rd of 163
Latest announcements
Exchange filings and their impact on the company.
- Strong core sales growth (+27% in H1) but headline profit down 24% on last year's property-sale base.
Marathon Nextgen Realty reported Q2 FY27 consolidated revenue of Rs 128.95 crore, up about 10% year-on-year, and H1 revenue of Rs 326.45 crore, up 27%. Net profit fell to Rs 45.19 crore in Q2 and Rs 97.62 crore in H1, down 32% and 24%, as other income dropped sharply versus last year which had a large property-sale gain. The company also updated on its amalgamation scheme petition filed in September and utilisation of Rs 695.4 crore of its Rs 900 crore QIP, with Rs 203.8 crore still in liquid funds.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | Withdrawn | — | 8 Aug 2025 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Aug 2025 | Withdrawn | — | — | Infomerics | ₹ 194.25 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Board meeting Rescheduled | Marathon Nextgen Realty Limited has informed the Exchange that the meeting of the Board of Directors of the Company scheduled to be held on October 27, 2026 Board Meeting Intimation for New/Additional Investments In Projects / SPV'S And Any Other Matter has been postponed |
| 21 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 210 | 155 | 162 | 146 | 123 | 149 | 141 | 117 | 125 | 114 | 198 | 129 |
| Expenses | 134 | 108 | 109 | 104 | 87 | 107 | 110 | 75 | 100 | 89 | 151 | 84 |
| Operating Profit | 76 | 47 | 53 | 42 | 36 | 41 | 31 | 42 | 25 | 25 | 47 | 45 |
| OPM % | 36% | 30% | 33% | 29% | 30% | 28% | 22% | 36% | 20% | 22% | 24% | 35% |
| Other Income | 10 | 11 | 11 | 20 | 26 | 39 | 50 | 38 | 14 | 38 | 19 | 16 |
| Interest | 29 | 14 | 19 | 13 | 9 | 18 | 12 | 2 | 0 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 57 | 44 | 44 | 49 | 53 | 62 | 68 | 78 | 38 | 63 | 65 | 60 |
| Tax % | 27% | 28% | 26% | 19% | 21% | 22% | 23% | 18% | 27% | 29% | 24% | 30% |
| Net Profit | 51 | 40 | 38 | 49 | 49 | 54 | 62 | 67 | 33 | 46 | 52 | 45 |
| EPS in Rs | 9.8 | 7.78 | 7.22 | 9.46 | 9.35 | 10.41 | 11.69 | 9.8 | 4.8 | 6.63 | 7.45 | 6.51 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 19%
- 3 Years
- −12%
- TTM
- 7%
- 10 Years
- 0%
- 5 Years
- 40%
- 3 Years
- −13%
- TTM
- −24%
- 10 Years
- 11%
- 5 Years
- 34%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 11%
- 3 Years
- 10%
- 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.
| Marathon Nextgen Realty | ₹ 372.00 | ₹ 2,538 Cr. | 14.4x | 1.1x | 5% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Chetan Ramniklal Shah
- Executive Chairman of the Board, Managing Director
- Suyash Bhise
- Chief Financial Officer
- Yogesh Ashok Patole
- Compliance Officer, Company Secretary
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