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Marathon Nextgen Realty (MARATHON)₹397.90−0.53%Residential, Commercial Projects
In the Sep 2026 quarter (consolidated), Marathon Nextgen Realty reported sales of ₹129 Cr, up 10.3% from Sep 2025, and net profit of ₹45.12 Cr, down 32.9% year on year. For the year to Mar 2026, sales were ₹497 Cr and net profit ₹206 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 211 | 155 | 162 | 146 | 123 | 149 | 141 | 117 | 125 | 114 | 198 | 129 |
| Expenses | 134 | 108 | 109 | 104 | 87.04 | 107 | 110 | 74.95 | 99.99 | 88.96 | 151 | 83.94 |
| Operating Profit | 76.28 | 47.13 | 53.20 | 42.09 | 36.12 | 41.13 | 31.09 | 42.10 | 25.07 | 25.06 | 47.14 | 45.16 |
| OPM % | 36.0% | 30.0% | 33.0% | 29.0% | 30.0% | 28.0% | 22.0% | 36.0% | 20.0% | 22.0% | 24.0% | 35.0% |
| Other Income | 10.02 | 11.02 | 11.02 | 20.03 | 26.03 | 39.01 | 50.03 | 38.02 | 14.02 | 38.07 | 19.01 | 16.02 |
| Interest | 29.07 | 14.04 | 19.03 | 13.02 | 9.02 | 18.03 | 12.03 | 2.01 | 0.00 | 0.00 | 1.01 | 1.01 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 57.08 | 44.01 | 44.04 | 49.05 | 53.08 | 62.08 | 68.03 | 78.12 | 38.05 | 63.02 | 65.08 | 60.04 |
| Tax % | 27.0% | 28.0% | 26.0% | 19.0% | 21.1% | 22.1% | 23.0% | 18.0% | 27.0% | 29.0% | 24.0% | 30.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.52 | 0.00 | 0.00 | 0.00 |
| Net Profit | 51.14 | 40.14 | 38.12 | 49.17 | 49.12 | 54.19 | 62.23 | 67.20 | 33.09 | 46.11 | 52.14 | 45.12 |
| EPS (Rs) | 9.83 | 7.80 | 7.24 | 9.49 | 9.38 | 10.44 | 11.73 | 9.83 | 4.81 | 6.64 | 7.47 | 6.52 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 198 | 193 | 69.14 | 82.14 | 241 | 206 | 307 | 718 | 706 | 581 | 497 | 567 |
| Expenses | 137 | 136 | 26.01 | 29.99 | 177 | 142 | 232 | 471 | 472 | 407 | 375 | 424 |
| Operating Profit | 60.13 | 57.19 | 43.15 | 52.14 | 64.16 | 64.15 | 74.24 | 247 | 234 | 174 | 121 | 142 |
| OPM % | 31.0% | 29.0% | 62.0% | 63.0% | 27.0% | 31.0% | 24.0% | 34.0% | 33.0% | 30.0% | 24.0% | 25.1% |
| Other Income | 45.04 | 50.09 | 1.01 | 1.01 | 8.01 | 18.03 | 38.07 | 36.06 | 41.06 | 96.03 | 140 | 87.12 |
| Interest | 0.00 | 0.00 | 5.01 | 21.05 | 41.10 | 44.05 | 75.15 | 123 | 91.24 | 59.10 | 13.03 | 2.02 |
| Depreciation | 0.00 | 0.00 | 0.99 | 1.99 | 5.98 | 4.98 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 | 0.00 |
| Profit before tax | 105 | 106 | 39.03 | 30.04 | 26.03 | 32.04 | 35.01 | 156 | 180 | 208 | 247 | 226 |
| Tax % | 21.1% | 21.0% | 27.0% | 20.0% | 21.1% | 28.0% | 33.0% | 28.0% | 26.0% | 22.1% | 24.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −4.99 | 0.00 | 66.80 | 124 | −1.52 |
| Net Profit | 83.20 | 84.29 | 39.12 | 32.11 | 25.07 | 16.04 | 39.15 | 124 | 170 | 192 | 206 | 176 |
| EPS (Rs) | 14.69 | 14.84 | 8.44 | 6.85 | 5.24 | 3.31 | 8.39 | 26.17 | 32.61 | 36.53 | 30.16 | 25.44 |
| Dividend payout % | 3.0% | 3.0% | 11.9% | 7.0% | 0.0% | 0.0% | 6.0% | 4.0% | 3.0% | 3.0% | 3.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28.11 | 28.13 | 23.03 | 22.96 | 23.04 | 23.05 | 23.00 | 22.95 | 26.01 | 26.04 | 33.99 |
| Reserves | 570 | 651 | 529 | 586 | 572 | 589 | 629 | 765 | 984 | 1,166 | 2,250 |
| Borrowings | 0.00 | 11.05 | 209 | 430 | 569 | 742 | 1,090 | 871 | 764 | 562 | 99.27 |
| Other Liabilities | 8.04 | 8.04 | 129 | 463 | 458 | 353 | 404 | 501 | 484 | 361 | 387 |
| Total Liabilities | 607 | 699 | 889 | 1,502 | 1,624 | 1,706 | 2,146 | 2,160 | 2,257 | 2,116 | 2,770 |
| Fixed Assets | 0.00 | 0.00 | 105 | 221 | 295 | 288 | 287 | 284 | 287 | 238 | 173 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 14.02 | 22.04 | 26.04 | 13.01 | 271 | 49.06 | 81.09 | 110 | 400 |
| Other Assets | 606 | 698 | 770 | 1,259 | 1,303 | 1,406 | 1,588 | 1,827 | 1,889 | 1,768 | 2,197 |
| Inventories | 132 | 20.06 | 283 | 513 | 515 | 502 | 549 | 519 | 622 | 657 | 839 |
| Trade receivables | 69.22 | 264 | 0.00 | 6.02 | 22.06 | 50.13 | 38.11 | 43.14 | 94.21 | 105 | 57.15 |
| Cash & equivalents | 3.01 | 0.00 | 11.02 | 45.09 | 50.13 | 83.20 | 63.12 | 104 | 93.16 | 92.19 | 135 |
| Total Assets | 607 | 699 | 889 | 1,502 | 1,624 | 1,706 | 2,146 | 2,160 | 2,257 | 2,116 | 2,770 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −52.01 | −55.99 | 169 | 101 | 18.01 | −109 | 76.04 | 315 | 21.99 | −24.99 | −53.96 |
| Cash from investing activity | 63.80 | 44.87 | −197 | −311 | −70.77 | −2.99 | −374 | 26.93 | 112 | 297 | −291 |
| Cash from financing activity | −14.02 | 8.01 | 40.01 | 203 | 60.09 | 144 | 274 | −326 | −155 | −265 | 411 |
| Net cash flow | −1.99 | −2.99 | 10.99 | −7.99 | 6.99 | 31.97 | −25.98 | 14.97 | −20.97 | 7.99 | 64.91 |
| Capex | 0.00 | 0.00 | 2.01 | 9.01 | 0.00 | 0.00 | 1.01 | 0.00 | 0.99 | 3.01 | 3.01 |
| Free cash flow | −52.01 | −55.97 | 168 | 91.94 | 17.98 | −108 | 75.02 | 314 | 21.01 | 75.03 | 98.94 |
| CFO / OP % | −30.9% | −53.9% | 419.1% | 207.1% | 11.1% | −168.9% | 122.1% | 140.1% | 29.1% | 12.1% | 13.1% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 129 | 498 | 0 | 25 | 34 | 90 | 46 | 23 | 50 | 67 | 43 |
| Inventory days | 383 | 65 | — | — | 12,215 | 14,683 | — | — | 5,749 | — | — |
| Days payable | 4 | 5 | — | — | 3,492 | 1,510 | — | — | 460 | — | — |
| Cash conversion cycle | 508 | 557 | 0 | 25 | 8,757 | 13,263 | 46 | 23 | 5,339 | 67 | 43 |
| Working capital days | 386 | 559 | 558 | 1,087 | 174 | 861 | 442 | 214 | 247 | 311 | 659 |
| ROCE % | — | 17.0% | 6.0% | 6.0% | 6.0% | 6.0% | 7.0% | 17.0% | 16.0% | 12.0% | 8.0% |
For the Sep 2026 quarter, Marathon Nextgen Realty reported sales of ₹129 Cr, up 10.3% year on year and net profit of ₹45.12 Cr, down 32.9% year on year. The operating margin was 35.0%.
Marathon Nextgen Realty's sales for the year to Mar 2026 were ₹497 Cr; over the last twelve months they were ₹567 Cr.
Net profit for the year to Mar 2026 was ₹206 Cr, and ₹176 Cr over the last twelve months. Earnings per share over the same trailing period were ₹25.44.
Marathon Nextgen Realty reported borrowings of ₹99.27 Cr at Mar 2026, against cash and equivalents of ₹135 Cr.
Cash from operations was −₹53.96 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹98.94 Cr.