Marathon Nextgen Realty Ltd
MARATHONMarathon Nextgen Realty Ltd's stock has fallen further than its earnings. EPS fell 17.4% in a year while the price moved −27.4%.
The sharpest disagreement: profits are rising, but only −10% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (41 weeks in) while the P/E sits at the 63rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit −16.1% year on year, and −10% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Marathon Nextgen Realty Ltd trades at ₹435, in a downtrend and 41 weeks into that stage. That is −4.0% against its own 200-day average. It sits at 31% of a 52-week range of ₹352 to ₹617. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a downtrend — week 41 of stage 4, confirmed. At ₹435 it trades −4.0% versus its 200-day average and sits at 31% of its 52-week range (₹352–₹617).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +463% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Marathon Nextgen Realty Ltd trades at 15.1× P/E, mid-range by its own standards (63rd percentile). Its long-run median P/E is 13.6×, measured across 10.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 15.1× is mid-range by its own standards (63rd percentile), against a long-run median of 13.6× measured over 10.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −17.4% against a −27.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +37.0%/yr price move, ~+74.5%/yr came from earnings growth and ~−37.5 pp from the multiple (compressing); over 10y, of the +12.3%/yr price move, ~+7.0%/yr came from earnings growth and ~+5.3 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Marathon Nextgen Realty Ltd was paying for profit growth of about 5.2% a year. Profit itself has compounded 9.5% a year over the past 10 years. Today the market pays 15.1× P/E, the 63rd percentile of its own 10-year range.
What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is close to what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Marathon Nextgen Realty Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue and EPS growth are shrinking (revenue growth −0.9% latest against +56.8% at its 12-quarter best), ROCE slipping at 13.0%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −14.5% | −11.6% | +19.2% | +9.7% |
| Profit | +7.9% | +18.4% | +66.7% | +9.5% |
| EPS | −17.4% | +4.8% | +55.6% | +7.5% |
| Share price | −27.4% | +4.6% | +37.0% | +12.3% |
4-Factor Sector Score
44.3/100 — rank 4 of 7 in Realty - Regional · 100% evidence confidence
Marathon Nextgen Realty Ltd scores 44.3 out of 100 against the 7 companies it is compared with in Realty - Regional, ranking 4. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
The four contributions add to the total exactly: 10.8 + 9.7 + 16.1 + 7.7 = 44.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Marathon Nextgen Realty Ltd reported ₹198 Cr of revenue in the Jun 26 quarter, +40.4% year on year. Over 10 years it has compounded at 9.7% a year. The last full year, FY26, came in at ₹496 Cr. The last four reported quarters add to ₹554 Cr.
FY26 revenue came in at ₹496 Cr (−14.5% on the year), capping 10 years at 9.7% compound. The latest quarter (Jun 26) printed ₹198 Cr, +40.4% year on year.
Pace check: the last four quarters averaged −0.3% growth against the decade's 9.7% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −0.9% over the last 4 quarters against −8.1%/yr over the last 8 — accelerating; TTM profit −7.5% vs +10.2%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Marathon Nextgen Realty Ltd's operating margin is 24.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 24.0% to 63.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 24.0%, +2.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 24.0%–63.0%.
Why the margin moved: operating margin went +1.6 pp year on year while gross margin went −4.7 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Marathon Nextgen Realty Ltd earned ₹52.0 Cr of net profit in the Jun 26 quarter, −16.1% year on year. Full-year FY26 profit was ₹206 Cr. The 10-year compound rate is 9.5%. That is 26.3% of the quarter's revenue. The same quarter a year earlier earned ₹62.0 Cr.
Jun 26 profit was ₹52.0 Cr, −16.1% year on year. On the full year, FY26 printed ₹206 Cr (+7.9%), and the 10-year compound rate is 9.5%.
🚨 Why profit moved: revenue contributed +40.4% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −6.7% vs revenue −0.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −10% of Marathon Nextgen Realty Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−54.0 Cr of operating cash against ₹206 Cr of profit. After ₹−62.0 Cr of capital spending, ₹8.0 Cr was left as free cash.
FY26: operating cash of ₹−54.0 Cr against reported profit of ₹206 Cr, leaving free cash of ₹8.0 Cr after ₹−62.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −10% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −10%: the cash cycle tightened 13,220 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Marathon Nextgen Realty Ltd's cash conversion cycle runs 42 days in FY26, down from 13,262 days in FY21. Capital spending ran ₹−102 Cr over the last 3 years. At FY26 sales of ₹496 Cr each day of that cycle holds about ₹1.4 Cr, so roughly ₹57.0 Cr sits inside the business at any moment.
FY26: debtors at 42 days, inventory at 973 days — roughly 32.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 42 days, tighter than FY21's 13,262.
The full loop: cash goes out to suppliers and production on day 0; stock waits 973 days to sell; customers pay about 42 days after that; and suppliers themselves are paid at 64 days — netting out to the 42-day cycle.
In money terms: at FY26 sales of ₹496 Cr, each day of the cycle holds about ₹1.4 Cr — so the 42-day loop keeps roughly ₹57.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹−102 Cr over the last 3 fiscal years against ₹8.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Marathon Nextgen Realty Ltd earns a ROCE of 8% in FY26. That is up from a trough of 6% in FY18. Return on invested capital clears the cost of that capital by −6.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 41.5% net margin on 0.18× asset turns.
FY26 ROCE is 8%, recovered from a FY18 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 41.5% net margin × 0.18× asset turns × 1.21× balance-sheet leverage ≈ 9.0% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 5.1% − 12.0% = a −6.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Marathon Nextgen Realty Ltd carries total debt of ₹99.0 Cr against shareholder equity of ₹2,330 Cr as of Mar 26, a debt-to-equity of 0.04 — effectively unlevered. On the annual view that ratio went from 1.66 in FY22 to 0.04 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹99.0 Cr against shareholder equity of ₹2,330 Cr — a debt-to-equity of 0.04. On the annual view, debt-to-equity went from 1.66 (FY22) to 0.04 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 17.2 points of Marathon Nextgen Realty Ltd over 8 quarters, the biggest move on the register. That takes promoters to 56.4% of the company. Domestic institutions moved +13.9 points over the same window, to 14.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −17.2 points over 8 quarters to 56.4%; Domestic institutions: +13.9 points over 8 quarters to 14.7%; Foreign institutions: +4.3 points over 8 quarters to 4.7%.
🚨 Why the register moved: promoters drove it (−17.2 points), absorbed on the other side by domestic institutions (+13.9 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Marathon Nextgen Realty Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Oberoi Realty LtdOBEROIRLTY | 68.9/100Favorable setup100% evidence | BREAKING OUT | 28.5/35 Revenue 29.9% · PAT 27.6% · OPM change 3 pp 100% evidence | 17.2/25 ROCE 17.3% · OPM 56% 100% evidence | 13.6/20 P/E 23.9× · PEG 0.9 100% evidence | 9.6/20 RS sector 1.9% · RS bench 5.2% · 1Y 6.9%10 of 12 weeks ahead 100% evidence |
| Exact sum: 28.5 + 17.2 + 13.6 + 9.6 = 68.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Raymond Realty LtdRAYMONDREL | 65.3/100Favorable setup68% evidence | ASLEEP | 24.5/35 Revenue 100% · PAT 100% · OPM change 4 pp 100% evidence | 17.9/25 ROCE 29.6% · OPM 12% 100% evidence | 10.9/20 P/E 12.9× · PEG — 15% evidence | 12.0/20 RS sector — · RS bench 10.1% · 1Y -5%4 of 10 weeks ahead 25% evidence |
| Exact sum: 24.5 + 17.9 + 10.9 + 12 = 65.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3TARC LtdTARC | 53.5/100Mixed-positive evidence74% evidence | TURNING | 24.0/35 Revenue 100% · PAT 91.8% · OPM change 178 pp 100% evidence | 5.9/25 ROCE 2.3% · OPM 19% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 13.6/20 RS sector 6% · RS bench -5.1% · 1Y -17.1%1 of 10 weeks ahead 70% evidence |
| Exact sum: 24 + 5.9 + 10 + 13.6 = 53.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Marathon Nextgen Realty Ltdthis pageMARATHON | 44.3/100Mixed-negative evidence100% evidence | TURNING | 10.8/35 Revenue -0.9% · PAT -7.5% · OPM change 2 pp 100% evidence | 9.7/25 ROCE 7.6% · OPM 24% 100% evidence | 16.1/20 P/E 15.1× · PEG 0.6 100% evidence | 7.7/20 RS sector -10.4% · RS bench -8.1% · 1Y -28.7%2 of 12 weeks ahead 100% evidence |
| Exact sum: 10.8 + 9.7 + 16.1 + 7.7 = 44.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 5Arkade Developers LtdARKADE | 43.7/100Mixed-negative evidence72% evidence | BREAKING OUT | 9.1/35 Revenue 12.3% · PAT -80% · OPM change -2 pp 100% evidence | 16.7/25 ROCE 18.9% · OPM 19% 80% evidence | 11.5/20 P/E 12.8× · PEG — 15% evidence | 6.4/20 RS sector -10.2% · RS bench -6.9% · 1Y -32.1%10 of 10 weeks ahead 70% evidence |
| Exact sum: 9.1 + 16.7 + 11.5 + 6.4 = 43.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Max Estates LtdMAXESTATES | 38.8/100Mixed-negative evidence69% evidence | BREAKING OUT | 10.1/35 Revenue 16.6% · PAT -70% · OPM change -11.4 pp 95% evidence | 4.5/25 ROCE 1.4% · OPM 15.6% 76% evidence | 8.5/20 P/E 1562× · PEG — 15% evidence | 15.7/20 RS sector 4.7% · RS bench 31.1% · 1Y 29.8%6 of 10 weeks ahead 70% evidence |
| Exact sum: 10.1 + 4.5 + 8.5 + 15.7 = 38.8 · Decision use: Price leads the evidence: RS versus the benchmark is 31.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 7Arihant Superstructures LtdARIHANTSUP | 37.0/100Mixed-negative evidence81% evidence | ASLEEP | 12.7/35 Revenue 4.7% · PAT -41.8% · OPM change -9.6 pp 95% evidence | 13.5/25 ROCE 10.6% · OPM 20.9% 95% evidence | 7.8/20 P/E 23.7× · PEG — 50% evidence | 3.0/20 RS sector -18.8% · RS bench -25.3% · 1Y -45.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 12.7 + 13.5 + 7.8 + 3 = 37 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Marathon Nextgen Realty Ltd's share price today?
Marathon Nextgen Realty Ltd trades at ₹435, −27.4% over the past year. The company is valued at ₹2,937 Cr. The stock sits at 31% of its 52-week range of ₹352–₹617, −4.0% versus its 200-day average. On the tape, the price is in a downtrend, 41 weeks in. — as of 11 September 2026.
What were Marathon Nextgen Realty Ltd's latest quarterly results?
Marathon Nextgen Realty Ltd reported revenue of ₹198 Cr and net profit of ₹52.0 Cr for the Jun 26 quarter. Revenue rose 40.4% and profit fell 16.1% year on year. Earnings per share were ₹7.45. The operating margin was 24.0%, 2.0 pp higher than a year earlier. — as of 11 September 2026.
What is Marathon Nextgen Realty Ltd's revenue?
Marathon Nextgen Realty Ltd reported revenue of ₹198 Cr in the Jun 26 quarter, +40.4% year on year. For the full FY26 fiscal year, revenue was ₹496 Cr (−14.5%). Over the last 10 years revenue compounded at 9.7% a year. — as of 11 September 2026.
What is Marathon Nextgen Realty Ltd's profit?
Marathon Nextgen Realty Ltd earned ₹52.0 Cr of net profit in the Jun 26 quarter, −16.1% year on year. Full-year FY26 profit was ₹206 Cr. The operating margin ran 24.0% in the latest quarter. — as of 11 September 2026.
What is Marathon Nextgen Realty Ltd's market cap?
Marathon Nextgen Realty Ltd's market capitalisation is ₹2,937 Cr at a share price of ₹435. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Marathon Nextgen Realty Ltd's P/E ratio?
Marathon Nextgen Realty Ltd trades at a P/E of 15.1×, at the 63rd percentile of its own 10-year range, against a long-run median of 13.6×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Marathon Nextgen Realty Ltd pay a dividend?
Yes — Marathon Nextgen Realty Ltd's dividend payout was 3% of profit in FY26, and it recorded a payout in 9 of its last 11 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Marathon Nextgen Realty Ltd overvalued?
On its own history, Marathon Nextgen Realty Ltd looks mid-range: its P/E of 15.1× sits at the 63rd percentile of its 10-year range (long-run median 13.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Marathon Nextgen Realty Ltd growing?
Yes — Marathon Nextgen Realty Ltd is growing: latest-quarter revenue +40.4% year on year, profit −16.1%, and the margin +2.0 pp at 24.0%. The 10-year compound rates are 9.7% (revenue) and 9.5% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Marathon Nextgen Realty Ltd performing?
Marathon Nextgen Realty Ltd is in a downtrend, 41 weeks in. Its latest quarter's revenue rose 40.4% and profit fell 16.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Marathon Nextgen Realty Ltd in?
Deteriorating — revenue and EPS growth are shrinking (revenue growth −0.9% latest against +56.8% at its 12-quarter best), ROCE slipping at 13.0%. The read comes from the last 12 quarters of growth (revenue growth −0.9% latest, profit growth −7.5% latest, eps growth −29.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Marathon Nextgen Realty Ltd in an uptrend?
No — the price is in a downtrend (week 41 of stage 4), trading −4.0% versus its 200-day average and at 31% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Marathon Nextgen Realty Ltd beating the market?
On recent form, yes — Marathon Nextgen Realty Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +463% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Marathon Nextgen Realty Ltd's share price go up?
This page publishes no price forecast for Marathon Nextgen Realty Ltd. What it measures instead: the share price is ₹435, the price is in a downtrend 41 weeks in. Its P/E of 15.1× sits at the 63rd percentile of its own 10-year range. — as of 11 September 2026.
Who owns Marathon Nextgen Realty Ltd?
Promoters hold 56.4% of Marathon Nextgen Realty Ltd, foreign institutions 4.7%, domestic institutions 14.7% and the public 24.2% (latest quarter). The biggest move on the register over the last two years: Promoters cut 17.2 points over 8 quarters. — as of 11 September 2026.
Does Marathon Nextgen Realty Ltd have too much debt?
No — Marathon Nextgen Realty Ltd's debt-to-equity is 0.04, and operating profit covers the interest bill 9×. FY26 borrowings were ₹99.0 Cr against equity of ₹2,275 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Marathon Nextgen Realty Ltd's capex?
Marathon Nextgen Realty Ltd spent ₹−102 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹−62.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Marathon Nextgen Realty Ltd's cash flow?
Marathon Nextgen Realty Ltd consumed ₹54.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹8.0 Cr). Operating cash was negative while the company reported a profit of ₹206 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Marathon Nextgen Realty Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: Marathon Nextgen Realty Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−54.0 Cr against reported profit of ₹206 Cr. Cash-flow resolution is annual — as of 11 September 2026.
Where is Marathon Nextgen Realty Ltd in its business cycle?
Marathon Nextgen Realty Ltd's FY26 operating margin was 24.0%, against a 11-year band of 24.0%–63.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 24.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Marathon Nextgen Realty Ltd's price assume?
At its price on 13 June 2026, Marathon Nextgen Realty Ltd was priced for profit growth of about 5.2% a year. Profit itself has compounded 9.5% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Marathon Nextgen Realty Ltd story?
The sharpest disagreement: profits are rising, but only −10% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Marathon Nextgen Realty Ltd a stock worth studying right now?
This is not investment advice. The machine read: Marathon Nextgen Realty Ltd's stock has fallen further than its earnings. EPS fell 17.4% in a year while the price moved −27.4%. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!