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Company details

6M Return 55.36%
1Y Return 95.19%
Mkt Cap.(Cr) 2,171.00
Volume 37,444
Div Yield 0.21%
OI Chg %
Volume 37,444

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Marathon Nextgen Realty announced Q1FY24 results:

  • Net revenues stood in Q1FY24 stood at Rs 210 crore as compared to Rs 98 crore in Q1FY23
  • EBITDA in Q1FY24 stood at Rs 80 crore as compared to Rs 47 crore in Q1FY23
  • Profit before Tax in Q1FY24 stood at Rs 45 crore as compared to Rs 15 crore in Q1FY23
  • Profit after tax in Q1FY24 stood at Rs 43 crore as compared to Rs 12 crore in Q1FY23 
  • Net debt stood at Rs 832 crore as on June 30, 2023
  • As on June 30, 2023:
    • Balance collections from sold units (completed ongoing) in all launched projects stood at Rs 592 crore
    • Total pending estimated Project cost to be incurred stands at Rs 1,025 crore
    • Total estimated revenue from unsold inventory stands at Rs 1,904 crore

Commenting on the Company's performance, Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty, said, "We are delighted to announce robust quarterly results driven by a favourable demand landscape leading to pick up in sales booking across our projects. We remain committed to sustained improvement in our financial performance and continue to focus on increasing sales momentum, enhancing collection efficiency, generating robust cash flow, and reducing debt. The ongoing consolidation within the real estate sector, coupled with the reduction in inventory levels signals a promising landscape. These trends point towards a sustained positive trajectory in the real estate cycle, characterized by escalated prices and absorption rates amidst constrained supply. With a resounding performance in the first quarter, we are confident of achieving new milestones going forward and we remain positive on the future outlook supported by our healthy launch pipeline and access to vast land parcel across Mumbai Metropolitan Region (MMR) for development.”


Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Marathon Nextgen Realty Ltd Stocks COMPARISION


Equity Capital: 769.00 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,449.94 4,687.48
LAST 3M 52,876.87 -16,992.42
LAST 6M 89,585.49 64,268.08
LAST 12M 157,003.14 111,777.92
Marathon Nextgen Realty announces demise of director

Nov 29, 2023 l BSE Announcement

Marathon Nextgen Realty Limited - Demise

Nov 29, 2023 l NSE Announcement

Marathon Nextgen Realty Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Nov 24, 2023 l NSE Announcement

Date Action Type Ratio
Sep 18, 2023 Dividend 20
Sep 22, 2022 Dividend 10

Marathon Nextgen Realty Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Marathon Nextgen Realty Limited (formerly known Piramal Spinning & Weaving Mills Limited) was incorporated on January 13, 1978 and later in Jun 1979 it was amalgamated with Mahadevi Invesment Company. The Company is primarily engaged in the business of construction, development and sale of commercial and residential real estate projects. The Company has business interest in textiles and manufactures cotton fabrics, synthetic fabric and cotton yarn. from it`s factories at Lower Parel, Mumbai Ambarnath both in Maharashtra and Surat in Gujarat. The company had completed the first phase of modernisation project including the new process house at Ambarnath at a cost of Rs.372.26 lacs and the new process house was fully operational in 1983-84. The third phase of modernisation programme was completed at a cost of Rs.400 lacs and the fourth phase was completed in 1990-91 at a cost of Rs.298 lacs. In Sep.`92, the company came out with a debenture issue to part-finance its fifth phase of the modernisation programme. With effect from 1 Apr.`91, the Niranjan Mills (Niranjan) was amalgamated with the company pursuant to a scheme processed under the Sick Industrial Companies (Special provisions) Act, 1985. The rehabilitation programme with retrospective effect was sanctioned by the BIFR. The higlights are a) The company`s 3 main division has been demerged into 3 distinctive entities. 2) The assets/libailities of both the company as well as Niranjan Mills together has been transferred to in Niranjan Piramal Textile Mills Limited from October,2001. The Ambernath processing unit has been transferred to Pyarelal Textiles Limited from October,20013) It has also co-opted M/s Ithaca Informatics Pvt Ltd to develop the property at Lower Parel Unit. Subsequent to all this the share capital of the company has reduced to Rs.92.59 lacs. The shareholders of the erstwhile Piramal Spg & Wvg Mills Ltd was alloted one share in each of the 3 companies for every 3 shares held by them. The name of the company was changed to Marath Nextgen Realty & Textiles Ltd. In the year 2003, Marathon Group infused additional capital and with effect from July 31, 2003 the name of the "Piramal Spinning and Weaving Mills Ltd." changed to "Marathon Nextgen Realty and Textiles Limited". Thereafter, with effect from September 7, 2007 the name of "Marathon Nextgen Realty and Textiles Limited" was further changed to "Marathon Nextgen Realty Limited" a fresh certificate of incorporation was issued vide a Fresh Certificate of Incorporation by Deputy Registrar of Companies, Mumbai. The Promoters had brought down their holding from 89.40% to 75% during June 2014. Pursuant to a Scheme of Amalgamation, the National Company Law Tribunal, Mumbai Bench sanctioned a Scheme of Merger vide its Order dated 23 July 2018, wherein Marathon IT Infrastructure Private Limited (MITI) (Transferor Company No 1) and Ithaca Informatics Private Limited (IIPL) (Transferor Company No 2), was merged with the Marathon Realty Private Limited (Transferee Company) effective from the date of merger i.e., April 01, 2016 and consequently, the name of "Promoter Group Company" changed from Ithaca Informatics Private Limited to Marathon Realty Private Limited. Marathon Nextgen Realty Ltd which hitherto was a subsidiary of Ithaca Informatics Private Limited (IIPL) (Transferor Company No 2) post the merger automatically became a subsidiary of the Marathon Realty Private Limited. During the year 2018-19, the Company acquired the entire paid up capital of Marathon Nextgen Townships Pvt Ltd (MNTP) ,a Marathon Group Company and effective from March 29, 2019, MNTP became the Wholly Owned Subsidiary of the Company. During the year 2019-20, Company acquired the entire paid up capital of Terrapolis Assets Private Limited (TAPL) from Marathon Realty Private Limited (MRPL), a Promoter Company and effective from 31st March, 2020 TAPL became the Wholly Owned Subsidiary of the Company. The Company also acquired further 24%paid up capital of Sanvo Resorts Private Limited (SRPL) from Marathon Realty Private Limited (MRPL), a Promoter Company and effective from 31st March, 2020, the equity holding of the Company in SRPL stood at 91%.

Registered Address

Futurex N M Joshi Marg, Nr Railway Station Lower Parel, Mumbai, Maharashtra, 400013

Tel : 91-22-672488585/61588484
Email : shares:marathonnextgen.com
Website : http://www.marathonnextgen.com

Adroit Corp. Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 503101
Book Closure Date (Month) :
BSE Group : B
ISIN : INE182D01020

FAQ’s on Marathon Nextgen Realty Ltd Shares

You can buy Marathon Nextgen Realty Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Marathon Nextgen Realty Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Nov 29, 2023 03:46 PM the closing price of Marathon Nextgen Realty Ltd was ₹ 462.20.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Nov 29, 2023 03:46 PM, the market cap of Marathon Nextgen Realty Ltd stood at ₹ 2,171.00.

The latest PE ratio of Marathon Nextgen Realty Ltd as of Nov 29, 2023 03:46 PM is 12.66

The latest PB ratio of Marathon Nextgen Realty Ltd as of Nov 29, 2023 03:46 PM is 0.40

The 52-week high of Marathon Nextgen Realty Ltd is ₹ 482.00 while the 52-week low is ₹ 190.65

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