Marathon Nextgen Realty Ltd

BSE: MARATHON503101ISIN INE182D01020

Consumer Discretionary
Residential, Commercial Projects
BSE Consumer Discretionary

Share price

₹398.35+10.45 (+2.69%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹617.25
52W low: ₹342.90
Off 52W high: -35.46%
1M return: +4.98%
3M return: +3.31%
6M return: -20.88%
1Y return: -33.69%
20D avg volume: 4,397
50 DMA: ₹398.21
200 DMA: ₹427.26

Key ratios Consolidated

Market cap: ₹2,687 Cr
Current price: ₹398.35
52W high / low: ₹617.25 / ₹342.90
Face value: ₹5.00
P/E: 15.28
P/B: 1.14
EPS (TTM): ₹26.08
Book value / share: ₹350.30
ROE: —
ROCE: 10.70%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹16.09 Cr
Interest cover: 20.35
Dividend yield: 0.25%
Dividend / share (TTM): ₹1.00
Payout: 3.83%
Cash conversion cycle: 617.8 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	128.95	197.50	113.55	124.90	116.85	140.81	148.58	123.35	156.23	162.21	155.42	210.41
	15.74	19.49	38.26	15.89	38.21	50.10	39.44	26.24	19.74	10.85	10.96	10.07
	144.70	216.99	151.81	140.79	155.06	190.92	188.02	149.59	175.98	173.06	166.37	220.49
	84.97	152.06	89.28	100.34	77.30	122.48	126.03	96.29	117.22	128.98	122.71	163.69
	99.13	75.64	93.51	42.62	76.79	0.00	0.00	92.55	69.47	—	122.64	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	7.82	5.96	4.24	6.28	6.60	5.89	4.65	4.41	4.69	4.08	4.05	4.29
	0.72	0.69	0.26	0.09	2.07	12.11	18.19	8.69	12.94	18.95	13.78	28.80
	0.38	0.38	0.36	0.39	0.39	0.47	0.53	0.66	0.71	0.75	0.67	0.77
	9.35	5.83	10.77	7.38	8.49	110.84	141.53	8.45	7.49	6.51	12.12	8.90
	59.72	64.94	62.52	40.45	77.77	68.44	62.00	53.30	58.76	44.08	43.66	56.79
	0.00	0.00	0.00	-2.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	59.72	64.94	62.52	38.18	77.77	68.44	62.00	53.30	58.76	44.08	43.66	56.79
	18.06	15.85	18.18	10.46	14.04	15.85	13.84	10.95	9.30	11.34	12.21	15.45
	45.19	52.43	45.52	32.73	66.54	61.57	54.23	49.05	49.46	37.80	40.45	50.76
	6.70	7.78	6.75	4.85	9.80	11.69	10.59	9.58	9.46	7.22	7.78	10.22
Key metrics
	60.82	66.01	63.14	38.66	80.23	81.02	80.72	62.65	72.41	63.78	58.11	86.36
	47.20%	33.40%	55.60%	31.00%	68.70%	57.50%	54.30%	50.80%	46.30%	39.30%	37.40%	41.00%
	35.00%	26.50%	40.10%	26.20%	56.90%	43.70%	36.50%	39.80%	31.70%	23.30%	26.00%	24.10%
	2.40%	—	2.60%	—	3.50%	—	5.00%	—	—	—	—	—
	10.40%	40.30%	-23.60%	1.30%	-25.20%	-13.20%	-4.40%	-41.40%	—	—	—	—
	-32.10%	-14.80%	-16.10%	-33.30%	34.50%	62.90%	34.10%	-3.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	564.90	496.12	580.14	704.62	716.53	306.09
	89.38	142.47	96.27	41.23	42.41	38.13
	654.29	638.58	676.40	745.84	758.94	344.22
	426.65	389.40	468.52	565.69	602.85	309.21
	310.90	314.16	0.00	379.89	397.97	236.15
	0.00	0.00	0.00	—	—	—
	24.30	23.02	17.83	15.74	14.29	11.17
	1.76	12.76	58.77	90.95	122.53	74.55
	1.51	1.61	2.66	2.97	3.12	2.98
	33.33	38.02	423.58	36.75	35.76	30.20
	227.63	249.18	207.89	180.15	156.10	35.01
	-2.27	-2.27	0.00	0.00	0.00	0.00
	225.36	246.91	207.89	180.15	156.10	35.01
	62.55	58.53	45.42	46.43	43.29	11.43
	175.87	206.36	190.53	168.78	123.69	38.89
	26.08	32.56	37.21	34.43	26.12	8.37
Key metrics
	228.63	261.28	269.32	274.07	281.75	112.54
	40.47%	52.70%	46.40%	38.90%	39.30%	36.80%
	31.13%	41.60%	32.80%	24.00%	17.30%	12.70%
	—	10.70%	16.80%	—	—	—
	6.67%	-14.50%	-17.70%	-1.70%	134.10%	—
	-23.99%	8.30%	12.90%	36.50%	218.10%	—
	—	-54.16	-25.31	—	—	—
	—	-0.26	-0.13	—	—	—
	—	0.04	0.47	—	—	—
	—	16.09	542.12	—	—	—
	—	617.8	438.1	—	—	—
Balance sheet
	—	2,760	2,097	—	—	—
	—	1,635	1,093	—	—	—
	—	83.29	18.14	—	—	—
	—	57.25	95.29	—	—	—
	—	837.10	655.47	—	—	—
	—	44.42	49.41	—	—	—
	—	14.16	11.59	—	—	—
	—	54.64	54.57	—	—	—
	—	336.10	508.23	—	—	—
	—	99.38	560.26	—	—	—
	—	13.64	182.35	—	—	—
	—	85.74	377.91	—	—	—
	—	2,330	1,203	—	—	—
Cash flow
	—	-54.16	-25.31	—	—	—
	—	-291.97	297.66	—	—	—
	—	411.29	-264.56	—	—	—
	—	0.00	0.00	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	62.04	39.25	68.21	21.94	62.70	23.93	73.70	38.92	63.49	76.08	59.62	119.01
	24.64	27.30	45.92	22.64	43.03	49.09	37.26	22.36	15.84	6.36	4.92	4.41
	86.68	66.56	114.13	44.58	105.73	73.02	110.96	61.28	79.33	82.43	64.55	123.42
	25.39	23.87	40.72	11.78	36.28	32.04	68.13	27.63	37.26	57.48	39.03	85.12
	16.67	9.60	27.44	13.42	20.23	0.00	20.32	24.29	25.68	—	35.30	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	4.25	4.06	3.50	3.61	4.12	3.52	3.26	3.11	3.12	2.75	2.88	2.92
	0.11	0.18	0.11	0.04	0.63	10.79	12.76	6.73	7.48	12.51	8.57	23.26
	0.23	0.23	0.23	0.27	0.26	0.33	0.42	0.55	0.60	0.66	0.58	0.68
	4.77	3.03	5.61	3.65	6.23	23.23	4.79	5.75	4.46	3.55	5.51	6.38
	61.29	42.69	73.42	32.80	69.45	40.98	42.83	33.66	42.07	24.96	25.51	38.30
	0.00	0.00	0.00	-0.78	0.00	0.00	0.00	—	—	—	—	—
	61.29	42.69	73.42	32.02	69.45	40.98	42.83	33.66	42.07	24.96	25.51	38.30
	17.03	9.40	15.31	9.15	11.74	8.10	7.92	5.51	5.67	6.48	7.50	9.70
	47.79	36.62	59.28	27.87	60.51	41.87	40.98	34.84	36.40	23.54	53.07	28.60
	7.09	5.43	8.79	4.13	8.97	8.18	8.00	6.80	7.11	4.60	10.37	5.83
Key metrics
	61.63	43.10	73.76	32.33	70.34	52.10	56.01	40.94	50.15	38.13	34.66	62.24
	99.30%	109.80%	108.10%	147.40%	112.20%	217.70%	76.00%	105.20%	79.00%	50.10%	58.10%	52.30%
	77.00%	93.30%	86.90%	127.00%	96.50%	175.00%	55.60%	89.50%	57.30%	30.90%	89.00%	24.00%
	2.70%	—	3.40%	—	3.40%	—	4.40%	—	—	—	—	—
	-1.10%	64.00%	-7.40%	-43.60%	-1.20%	-68.50%	23.60%	-67.30%	—	—	—	—
	-21.00%	-12.50%	44.70%	-20.00%	66.20%	77.90%	-22.80%	21.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	191.44	176.78	241.94	344.81	445.28	158.22
	120.50	160.68	81.82	19.26	42.61	26.15
	311.95	337.45	323.76	364.07	487.89	184.37
	101.76	120.82	190.50	242.66	350.51	146.24
	67.13	78.74	99.96	159.76	153.12	49.88
	0.00	0.00	0.00	—	—	—
	15.42	14.75	12.25	10.81	9.05	6.25
	0.44	11.73	39.49	70.20	96.74	50.43
	0.96	1.10	2.23	2.62	2.71	2.63
	17.06	20.91	18.55	20.95	23.16	11.96
	210.20	216.64	133.27	121.41	137.38	38.13
	-0.78	-0.78	0.00	—	—	—
	209.42	215.86	133.27	121.41	137.38	38.13
	50.89	44.30	25.57	31.73	32.29	9.27
	171.56	189.54	135.76	135.61	105.09	21.64
	25.44	29.91	26.51	28.05	22.74	4.71
Key metrics
	210.82	228.69	174.99	194.23	236.83	91.19
	110.12%	129.40%	72.30%	56.30%	53.20%	57.60%
	89.62%	107.20%	56.10%	39.30%	23.60%	13.70%
	—	10.50%	13.70%	—	—	—
	-3.92%	-26.90%	-29.80%	-22.60%	181.40%	—
	-3.73%	39.60%	0.10%	29.00%	385.60%	—
	—	9.25	136.88	—	—	—
	—	0.05	1.01	—	—	—
	—	0.00	0.24	—	—	—
	—	-27.68	253.93	—	—	—
	—	448.5	329.8	—	—	—
Balance sheet
	—	2,207	1,397	—	—	—
	—	572.09	503.27	—	—	—
	—	28.86	3.05	—	—	—
	—	25.28	35.10	—	—	—
	—	200.03	193.62	—	—	—
	—	10.32	12.02	—	—	—
	—	3.35	2.16	—	—	—
	—	8.10	10.11	—	—	—
	—	40.06	132.39	—	—	—
	—	1.18	256.98	—	—	—
	—	0.22	87.13	—	—	—
	—	0.96	169.85	—	—	—
	—	2,163	1,088	—	—	—
Cash flow
	—	9.25	136.88	—	—	—
	—	-600.85	-18.21	—	—	—
	—	617.40	-145.83	—	—	—
	—	0.00	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -26.50%
Sales CAGR 5Y: —
Profit CAGR 3Y: +21.73%
Profit CAGR 5Y: —
Sales YoY (TTM): -3.92%
Profit YoY (TTM): -3.73%

Consolidated

Sales CAGR 3Y: -11.53%
Sales CAGR 5Y: —
Profit CAGR 3Y: +18.60%
Profit CAGR 5Y: —
Sales YoY (TTM): +6.67%
Profit YoY (TTM): -23.99%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 56.40%

Quarter	September 2026	June 2026
Promoter %	56.40%	56.42%

Holder	Type	Holding	Previous	Change
MARATHON REALTY PVT LTD	Promoter	51.13%	51.15%	-0.02%
QUANT MUTUAL FUND - QUANT SMALL CAP FUND	Public	9.93%	9.94%	-0.01%
PEANENCE COMMERCIAL PVT LIMITED	Public	4.24%	3.58%	+0.66%
BUOYANT CAPITAL AIF - BUOYANT OPPORTUNIT	Public	2.00%	2.00%	0.00%
MAYBANK SECURITIES PTE LTD - ODI	Public	1.76%	2.18%	-0.42%
RAHUL DILIPBHAI JHAVERI	Public	1.48%	1.48%	0.00%
SAGEONE-FLAGSHIP GROWTH OE FUND	Public	1.46%	—	—
SONAL MAYUR SHAH	Promoter Group	0.77%	0.77%	0.00%
CHETAN RAMNIKLAL SHAH	Promoter	0.74%	0.74%	0.00%
SHAILAJA CHETAN SHAH	Promoter	0.74%	0.74%	0.00%
MAYUR RAMNIKLAL SHAH	Promoter	0.74%	0.74%	0.00%
ANSUYA RAMNIKLAL SHAH	Promoter Group	0.50%	0.50%	0.00%
SHAH GARGI CHETAN	Promoter Group	0.37%	0.37%	0.00%
SAMYAG SHAH	Promoter Group	0.37%	0.37%	0.00%
PARMEET MAYUR SHAH	Promoter Group	0.37%	0.37%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%
Marathon Nextgen Realty Ltd	2,687	398.35	15.28	10.70%	+6.67% TTM	-23.99% TTM	-33.69%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Please find attached disclosure towards audio recording of the conference call held4 Nov 2026 · Company Update / Analyst / Investor Meet
Please find the attached presentation4 Nov 2026 · Company Update / Investor Presentation
Please find attached newspaper publication regarding Postal Ballot Notice and e-voting information.4 Nov 2026 · Company Update / Newspaper Publication
Please find attached notice of postal ballot3 Nov 2026 · AGM/EGM / Postal Ballot
Please find attached intimation of Investor update Call31 Oct 2026 · Company Update / Analyst / Investor Meet
Please find attached Press Release of Acquisition of Adani Group''s 60% stake in Monte South.31 Oct 2026 · Company Update / Press Release / Media Release
Please find attached outcome of Board Meeting held on October 31, 202631 Oct 2026 · Others / Outcome without intimation
Please find attached Postponement of Earnings Conference Call27 Oct 2026 · Company Update / Analyst / Investor Meet
Marathon Nextgen Realty Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve Please find attached ....26 Oct 2026 · Board Meeting / Board Meeting
Please find attached newspaper publication of Unaudited Financial Results for second quarter and half year ended September 30, 202623 Oct 2026 · Company Update / Newspaper Publication
Marathon Nextgen Realty Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve New/additional investments ....22 Oct 2026 · Board Meeting / Board Meeting
Please find attached Press Release on Financial Results for the second quarter and half year ended September 30, 202622 Oct 2026 · Company Update / Press Release / Media Release
Please find attached intimation regarding rescheduling of Earnings Conference Call for Q2 FY202722 Oct 2026 · Company Update / Analyst / Investor Meet
Please find the attached outcome of board meeting held on October 21, 202621 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Earnings Conference Call - Q2 FY2719 Oct 2026 · Company Update / Analyst / Investor Meet
Marathon Nextgen Realty Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2026 ,inter alia, to consider and approve new/additional investments ....15 Oct 2026 · Board Meeting / Board Meeting
Please find attached Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 201812 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached intimation of name change of Wholly Owned Subsidiary Company under Regulation 30 of SEBI LODR Regulations, 201530 Sep 2026 · Company Update / General
Please find attached Intimation of Closure of Trading Window29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached Voting Results along with Scrutinizers Report of 49th AGM28 Sep 2026 · AGM/EGM / AGM
Please find proceedings of the 49th Annual General Meeting of the Company held on September 28, 202628 Sep 2026 · AGM/EGM / AGM
Please find attached Intimation of Analyst / Investor meet24 Sep 2026 · Company Update / Analyst / Investor Meet
Please find attached Intimation of Analyst / Investor meet11 Sep 2026 · Company Update / Analyst / Investor Meet
Please find attached Voting Results and Scrutinizers Report8 Sep 2026 · Company Update / General
Please find attached the voting results and the scrutinizer''s report.8 Sep 2026 · AGM/EGM / Court Convened Meeting
Please find attached proceeding of Court convened meeting of Unsecured Creditors7 Sep 2026 · AGM/EGM / Court Convened Meeting
Please find attached proceeding of Court Convened Meeting of Equity Shareholder7 Sep 2026 · AGM/EGM / Court Convened Meeting
Please find attached herewith newspaper publication for Notice of 49th Annual General Meeting of the Company6 Sep 2026 · Company Update / Newspaper Publication
Please find herewith Business Responsibility and Sustainability Reporting for FY 2025-264 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached herewith Intimation related to record date for Final Dividend FY 2025-264 Sep 2026 · Corp. Action / Record Date
Please find attached Notice of 49th Annual General Meeting of the Company4 Sep 2026 · AGM/EGM / AGM
Please find attached herewith Annual Report for the financial year ended 31st March, 20264 Sep 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Publication (s) for intimation to convene 49th Annual General Meeting of the Company3 Sep 2026 · Company Update / Newspaper Publication
Please find attached Transcript of Q1 FY27 Earnings Conference Call held on August 10, 2026.14 Aug 2026 · Company Update / Earnings Call Transcript
Please find the attached Corrigendum to Financial Results of the Company for the quarter ended June 30, 2026 published in the Financial Express newspaper on August 9, 2026.12 Aug 2026 · Company Update / General
Link of Audio Recording for the Conference call held with Analyst and Investor on Monday, August 10, 2026 at 12:30 pm10 Aug 2026 · Company Update / Analyst / Investor Meet
Marathon Nextgen Realty Limited has informed the exchange about the Investor Presentation10 Aug 2026 · Company Update / Investor Presentation
Please find attached Newspaper Publication on Unaudited Financial Results for the quarter ended June 30, 20269 Aug 2026 · Company Update / Newspaper Publication
Please find attached Press Release on Financial Results for the first quarter ended June 30, 20268 Aug 2026 · Company Update / Press Release / Media Release
Please find attached Monitoring Agency Report for the quarter ended June 20267 Aug 2026 · Company Update / Monitoring Agency Report

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	18 Sep 2026	18 Sep 2026	—
Final Dividend - Rs. - 1.0000	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 1.0000	17 Sep 2024	18 Sep 2024	—

Board meetings

21 Oct 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results