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NSE:MARATHON

MARATHON NXTGEN REALT LTD

Realty › Realty
₹372.00
at close · 28 Oct 2026
▲ 14.00 (+3.91%)
ThemesData Centers & Cloud· mention

Latest filings

  1. Q2 and H1 FY27 earnings conference call postponed · Board & Shareholder Meetings
  2. Board meeting scheduled for October 27 postponed · Board & Shareholder Meetings
  3. Quarterly sales and profit fall year on year · Compliance
All filings ↓
Ask Nexa about MARATHON NXTGEN REALT LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Develops residential and commercial real estate exclusively in the Mumbai Metropolitan Region (MMR), with a post-merger portfolio spanning 418 acres and 4.2 crore sq.ft. of developable area across Bhandup, Panvel and Dombivli. The business sells apartments in projects such as Monte South (Byculla), Nexzone (Panvel) and the Bhandup Neo series, and runs a commercial office and retail portfolio led by Marathon Futurex at Lower Parel, which holds about 224,000 sq ft of post-merger ready Grade A inventory. For the nine months to December 2025, area sales were 2.46 lakh sq ft, booking value INR 628 crore and collections INR 798 crore, with a 60:40 residential-to-commercial sales mix. Major FY26 launches were Nexzone Panvel Phase 3 (about 4.9 lakh sq ft, GDV ~INR 600 crore) and Bhandup Neohome (GDV ~INR 370 crore), with new entry micro-markets of Sewri (GDV ~INR 450 crore) and Versova (GDV over INR 450 crore) added through subsidiary Sunset Spaces. FY26 revenue was INR 496.12 crore, net profit INR 206.36 crore and EBITDA margin 52.67%, with INR 900 crore raised through a QIP and INR 340 crore used to repay debt, leaving the balance sheet net cash positive. Land and construction materials are the largest cost input at 63.3% of revenue.

Revenue mix · reported segments
Residential development60.0%
Commercial development40.0%
Operating scale
Post-merger land bank
418 acres / 4.2 crore sq.ft developable areaFY26
9M FY26 area sales
2.46 lakh sq ft9M FY26
9M FY26 booking value
INR 628 crore9M FY26
FY26 collections
INR 781 croreFY26
Nexzone Panvel Phase 1 occupancy
~2,700 families across 12 towers of 30 storeys eachQ3 FY26
Futurex Lower Parel ready inventory
~224,000 sq ft Grade AQ3 FY26
Who pays it
Homebuyers and commercial lessees in the Mumbai Metropolitan Region, with demand noted across price points from INR 1 crore to INR 100 crore+.
Biggest cost
Construction materials and land at 63.3% of revenue.
Kind of business
Cyclical, asset-heavy real estate development focused on MMR residential and commercial projects.
Where it sits
MMR-focused residential and commercial developer with a post-merger pipeline of 418 acres and 4.2 crore sq.ft of developable area across Bhandup, Panvel and Dombivli.
Market Cap
₹2,508 Cr
P / E (TTM)
12.8×
EV / EBITDA
10.2×
Div Yield
0.27%
Growth
19.3%▲
Revenue 5y CAGR
PAT +66.9% · EBITDA +26.3%
Quality
16.1%▲
ROCE (5y median)
ROE 15.6% (5y median) · margin 52.7%
Leverage
0.04·
Debt / Equity · low
Net debt ₹16 Cr
Revenue FY21→FY26
2.4×▲
Margin +33.8 pts
₹206 Cr → ₹496 Cr
Cash conversion
0.63×·
Operating cash ÷ profit · 5 yrs
₹456 Cr on ₹728 Cr
Moves on a normal day
1.52%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#16/57
P/B#22/64
ROCE#24/66
ROE#30/64
Debt / Equity#13/64
EBITDA margin#28/66
Revenue growth#24/67
Profit growth#43/66

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Revenue compounding 19% a year over 5 years
Profit compounding 67% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 16.1% (5-year median)
#24 of 66 in Residential Commercial Projects on the latest reported figures · up from 5.8% in FY21
Debt at 0.04× equity
lower than 81% of its 64 Residential Commercial Projects peers
Concerns
Heavy working capital — 618 days of cash tied up
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

MARATHON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MARATHON NXTGEN REALT LTD's filed financials and exchange disclosures

What does MARATHON NXTGEN REALT LTD do?

MARATHON NXTGEN REALT LTD is a Realty company listed on NSE and BSE, trading under the symbol MARATHON.

Is MARATHON NXTGEN REALT LTD profitable?

Yes. Over the trailing twelve months MARATHON NXTGEN REALT LTD reported a net profit of ₹197 Cr on revenue of ₹553 Cr.

Does MARATHON NXTGEN REALT LTD pay a dividend?

Yes. The dividend yield is 0.27% at the current price. It paid out 3% of its profit as dividend in FY26.

Is MARATHON NXTGEN REALT LTD debt-free?

No. It reported borrowings of ₹99 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹16 Cr after cash. Debt stands at 0.04× equity. That is lower than 81% of its 64 Residential Commercial Projects peers.

Is MARATHON NXTGEN REALT LTD expensive compared with its peers?

On trailing P/E, MARATHON NXTGEN REALT LTD ranks 16 of 57 in Residential Commercial Projects — cheaper than 73% of them, against an industry median of 20.5×. This is a position, not a valuation judgement.

How much does the MARATHON NXTGEN REALT LTD share price move in a day?

On a typical session MARATHON NXTGEN REALT LTD moves 1.52% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MARATHON NXTGEN REALT LTD's announcements?

Every NSE and BSE filing by MARATHON NXTGEN REALT LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.