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Marathon Nextgen Realty Ltd share Price Today

Company details

475.00
520.00
302.40
533.70
6M Return 13.16%
1Y Return 58.31%
Mkt Cap.(Cr) 2,602.81
Volume 471,198
Div Yield 0.20%
OI
-
OI Chg %
-
Volume 471,198

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Realty company Marathon Nextgen Realty announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net Revenues stood at Rs 155 crore compared to Rs 170 crore in Q4FY23
  • EBITDA stood at Rs 67 crore compared to Rs 51 crore in Q4FY23
  • Profit before Tax (PBT) stood at Rs 44 crore compared to Rs 22 crore in Q4FY23
  • Profit After Tax (PAT) stood at Rs 40 crore compared to Rs 16 crore in Q4FY23

FY24 Financial Highlights:

  • Net Revenues stood at Rs 705 crore compared to Rs 717 crore in FY23
  • EBITDA stood at Rs 309 crore compared to Rs 293 crore in FY23
  • Profit before Tax (PBT) stood at Rs 180 crore compared to Rs 156 crore in FY23
  • Profit After Tax (PAT) stood at Rs 169 crore compared to Rs 124 crore in FY23
  • Net Debt stood at Rs 751 crore as on 31 st March ‘24
  • Balance collections from sold units (completed Ongoing) in all launched projects stood at Rs 804 crore.
  • Total Pending Estimated Project cost to be incurred stands at Rs 957 crore.
  • Total estimated revenue from unsold inventory stands at Rs 1,577 crore

Commenting on the Company’s performance, Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty Limited, said, “The performance during the quarter was slightly muted on the revenue front due to lower offtake in the commercial segment. However, we continued to make significant progress on the margin front on the back of our ongoing cost initiatives and increase in prices. We delivered robust performance for the full year which underscores our strategic agility as we navigate the dynamic real estate market across various regions of Mumbai. We have successfully expanded our portfolio, enhanced our operational efficiencies, and delivered innovative solutions that resonate with our customers' demands. The cumulative results of FY24 illustrate a robust and growing company, marked by increased profitability and a strengthened balance sheet underscoring the robustness of our business model and the effectiveness of our strategic initiatives. These accomplishments are a direct outcome of our strategic efforts, the dedication of our team, and the trust our customers place in us. As we move forward, we are well-positioned to capitalize on emerging opportunities, advancing our expansive pipeline of projects designed to meet the evolving needs of our customers across the value chain, from affordable to luxury segments. We are deeply grateful for the continued support of our stakeholders as we strive to achieve our growth objectives.”

Result PDF

View Other Company Results

Marathon Nextgen Realty Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (2)

  • Decline in Net Profit (QoQ)
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 527.4
R2 546.2
R3 572.4
Pivot

501.22

S1 482.4
S2 456.2
S3 437.4
EMA SMA
435.0
434.8
436.2
418.5
422.7
434.4
441.2
436.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Bulk Purchase 2023-06-30 312.05 1000000 NSE
M/S. PRARTHANA ENTERPRISES Bulk Purchase 2023-06-30 314.65 3360 NSE
M/S. PRARTHANA ENTERPRISES Bulk Sell 2023-06-30 312.12 367826 NSE
Name Category Shares
SONAL MAYUR SHAH PROMOTER 1.01%
CHETAN RAMNIKLAL SHAH PROMOTER 0.98%
MAYUR RAMNIKLAL SHAH PROMOTER 0.98%
SHAILAJA CHETAN SHAH PROMOTER 0.98%
MARATHON REALTY PRIVATE LIMITED PROMOTER 67.39%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Marathon Nextgen Realty Ltd Stocks COMPARISON

Financials( in Cr) Marathon Nextgen Realty Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 508.65 878.60 2,998.50 1,926.85 1,907.80
% Change 7.68 0.52 -1.06 2.90 -1.40
Mcap Cr 2,602.81 217,480.91 83,370.59 77,240.09 69,367.99
Revenue TTM Cr 716.53 5,694.83 2,252.26 8,315.00 4,495.79
Net Profit TTM Cr 112.81 1,100.92 620.60 1,066.80 1,926.60
PE TTM 15.57 79.67 114.96 56.23 39.46
1 Year Return 58.31 74.46 103.36 235.60 93.86
ROCE 15.91 4.51 5.64 10.43 16.30
ROE 15.73 2.97 5.80 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 769.00 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20
Marathon Nextgen Realty Limited - Copy of Newspaper Publication

Jun 14, 2024 l NSE Announcement

Marathon Nextgen Realty Limited - Scheme of Arrangement

Jun 13, 2024 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)
15.57
Promoter Holding
73.68%
Book Value
194.4367
ROCE
15.91%
ROE
15.73%
Description
  • 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; marathon:marathonnextg
Website : http://www.marathonnextgen.com
Registrar

Adroit Corp. Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 503101
NSE Code : MARATHON
Book Closure Date (Month) : Sep
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 Jun 14, 2024 03:59 PM the closing price of Marathon Nextgen Realty Ltd was Rs.508.65.

The latest PE ratio of Marathon Nextgen Realty Ltd as of Jun 14, 2024 03:59 PM is 15.57

The latest PB ratio of Marathon Nextgen Realty Ltd as of Jun 14, 2024 03:59 PM is 0.38

The 52-week high of Marathon Nextgen Realty Ltd share price is Rs. 533.70 while the 52-week low is Rs. 302.40

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 Jun 14, 2024 03:59 PM, the market cap of Marathon Nextgen Realty Ltd stood at Rs. 2,602.81.

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