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Marathon Nextgen Realty Limited (503101) Fair Value & Analysis

Financial · IN · Market cap ₹2.3B

MN Marathon Nextgen Realty Limited 503101 · BSE
Price₹365.10
Fair Value₹38.14
Upside-89.6%
Quality46/100
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Mixed Growth
Solidly profitable · 12.8% net margin
Low debt
0.22% dividend yield
Moderate moat 55/100
Evidence: High Range ₹27.28 – ₹49.00 Share as image

Fair value as of: Aug 15, 2026

From 9 valuation models · updated today

Share price −7.2% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹49.00). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹759.50 ₹43.92 Fair Value ₹38.14 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range ₹43.92 – ₹759.50 · fair‑value band ₹27.28 – ₹49.00 · the ₹365.10 price screens above the ₹38.14 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Marathon Nextgen Realty Limited (503101) currently trades at ₹365.10, while our model-based Fair Value estimate is ₹38.14, implying the stock looks roughly 89.6% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Financial sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Marathon Nextgen Realty Limited generated revenue of ₹1.7B at a net margin of 12.8%. Revenue declined 69.5% year over year. It earns a return on equity of 3.1%. The stock trades on a trailing P/E of 10.5 (as of Aug 15, 2026). Fundamentals as of Aug 15, 2026

Our scenario range runs from ₹27.28 (bear case) to ₹49.00 (bull case); at ₹365.10, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial peers we cover trades at 78% fair-value upside, at -90%, 503101 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹259.63 ₹363.64 ₹1,344 76
Gordon GGM ₹9.92 ₹19.76 ₹29.93 70
DDM Multi-Stage ₹9.92 ₹17.08 ₹20.86 61
All 9 models by family
Dividend Discount
Gordon GGM ₹9.92 ₹19.76 ₹29.93 70
DDM Multi-Stage ₹9.92 ₹17.08 ₹20.86 61
Multiples
P/S Multiple ₹517.07 ₹689.42 ₹861.78 58
P/B Multiple ₹387.06 ₹516.08 ₹645.10 55
EV/EBIT ₹533.02 ₹736.78 ₹940.54 53
EV/EBITDA ₹404.19 ₹565.01 ₹725.83 54
EV/Revenue ₹258.87 ₹403.35 ₹547.84 43
Asset-Based
NCAV (Graham) ₹129.02 ₹172.89 ₹258.04 50
Economic Profit
Residual Income ₹259.63 ₹363.64 ₹1,344 76

Widest divergence: Multiples (₹565.01) versus Dividend Discount (₹17.08). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹1.7B
Revenue growth (YoY) -69.5%
Net margin 12.8%
Return on equity 3.1%
P/E ratio 10.5 as of Aug 15, 2026
Operating margin 30.9%
More key figures
EPS (TTM) ₹4.84
Dividend yield 0.2%
EPS growth (YoY) -59.7%

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 18

Profitability 50
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 63
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Marathon Nextgen Realty Limited constructs, develops, and sells commercial and residential real estate projects in India. The company was founded in 1969 and is based in Mumbai, India. Marathon Nextgen Realty Limited is a subsidiary of Marathon Realty Private Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marathon Nextgen Realty Limited reported revenue of ₹5.8B in FY2025 versus ₹2.1B in FY2021, a compound +29.6%/yr. Reported net income was ₹1.9B in FY2025, compounding +87.2%/yr from FY2021.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹5.8B
Latest YoY
−17.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.2%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.1%
Revenue +29.6%/yr
FY21 ₹2.1B
FY22 ₹3.1B
FY23 ₹7.2B
FY24 ₹7.0B
FY25 ₹5.8B
Net income +87.2%/yr
FY21 ₹152M
FY22 ₹385M
FY23 ₹1.2B
FY24 ₹1.7B
FY25 ₹1.9B

503101 screens 90% overvalued. Compare with CPI FIM SA →

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Cite: Fair Value Calculator (2026). "Marathon Nextgen Realty Limited Fair Value". https://www.fairvalue-calculator.com/stock/503101

Peer Group

Real Estate · 1883 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Real Estate Development” was too small, so the broader sector is used.)

Quality Score 47 · Below median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Above median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 31% · Above median
Revenue growth -70% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.32× · Lower than median

Valuation Multiples vs Real Estate median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than median
P/B 0.19× · Cheaper than 75% of peers
P/S (TTM) 1.32× · Cheaper than median
EV/EBITDA 10.6× · Cheaper than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Development stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
CPI FIM SA OPG 3.38 PLN 0.7300 PLN -78%
Sunteck Realty Limited 512179 ₹299.45 ₹153.98 -49%
Vipul Limited 511726 ₹14.31 ₹35.78 +150%
Shri Krishna Devcon Limited 531080 ₹40.01 ₹27.66 -31%
Prerna Infrabuild Limited 531802 ₹25.62 ₹45.68 +78%
Radhe Developers (India) Limited 531273 ₹1.46 ₹3.51 +140%
The Victoria Mills Limited 503349 ₹5,120 ₹11,492 +124%
Rap Media Limited 531583 ₹39.99 ₹99.98 +150%
IDBI Bank Limited 500116 ₹82.87 ₹89.34 +8%
Yes Bank Limited 532648 ₹22.85 ₹14.65 -36%

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Frequently asked questions

Is Marathon Nextgen Realty Limited (503101) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of ₹38.14 versus a price of ₹365.10, about −90% (overvalued).
What is the fair value of 503101?
Our model-based fair value for Marathon Nextgen Realty Limited is ₹38.14 (as of Aug 15, 2026), built from audited fundamentals. The current price is ₹365.10.
What is the quality score of 503101?
Marathon Nextgen Realty Limited has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Marathon Nextgen Realty Limited (503101)?
Marathon Nextgen Realty Limited reported trailing-twelve-month revenue of about ₹1.7B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 503101?
The net profit margin of Marathon Nextgen Realty Limited is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Marathon Nextgen Realty Limited pay a dividend?
Marathon Nextgen Realty Limited currently shows a dividend yield of about 0.22% relative to its recent price (as of Aug 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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