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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Marathon Nextgen Realty Limited is an India-based real estate development company. The Company is primarily engaged in the business of construction, development and sale of commercial and residential real estate projects. The Company’s core business activities are carried out…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, steadily growing business, reasonably priced — but flagged on governance.
Marathon Nextgen Realt is scored on the general / industrial framework. It keeps a fat 29.5% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.29×) — worth a closer look. Free cash flow is worth about -12.9% of its market value.
Over the last 3 years revenue compounded at -6%/yr and profit at 19%/yr. Book value itself has compounded 43%/yr — the hallmark of a genuine compounder. Return on equity is a weak 7.3%. In the latest quarter profit grew 11% versus the prior quarter.
At 12× earnings, the stock sits at the 20th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~5%/yr earnings growth for a decade. The forensic screen raises 2 red flags: 58% of pre-tax profit is other income, not operations; Share count up 34% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 15.25 | 39.49 | better |
| P/B | 1.14 | 5.74 | better |
| EV/EBITDA | 12.07 | — | — |
| ROE | 7.25 | 6.31 | better |
| ROCE | 9.08 | 4.01 | better |
| ROA | 5.79 | 1.24 | better |
| Quick Ratio | 2.38 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| DLF | 40.7 | 4.1 | 10.0% |
| Macrotech Developers | 27.3 | 4.8 | 17.2% |
| The Phoenix Mills | 45.8 | 8.4 | 14.3% |
Revenue declined 6% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (19% vs -6%) — margin expansion is at work.
Operating margin has expanded from 21% to 39% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 8% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 6pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (19% vs 8%) — share dilution is eroding per-share value. 8% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 43% sequentially — momentum is building. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 25% above earlier ones.
Profit jumped 11% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (41% → 23%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 56.4% — majority control intact. FIIs trimmed 2.5pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.