Marathon Nextgen Realty Ltd
Marathon Nextgen Realty Ltd maintains a debt-to-equity ratio of 0.76, indicating a relatively balanced capital structure with moderate leverage. The company's liquidity position is characterized as medium, with a current ratio of 2.02, suggesting it can cover short-term obligations but with limited excess capacity. However, the firm's net cash position is negative after subtracting total debt, signaling potential liquidity constraints. Profitability metrics show a return on equity (ROE) of 3.96% and a return on assets (ROA) of 1.77%, both below the industry median for real estate firms, which typically exceed 5% ROE and 2.5% ROA. This suggests Marathon Nextgen is underperforming in terms of capital efficiency and asset utilization relative to its peers. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification, making it vulnerable to regional economic downturns or regulatory shifts. No material revenue is attributed to international markets, and the firm does not report segment-specific performance data, limiting visibility into growth drivers. Looking ahead, Marathon Nextgen's revenue is projected to remain flat in the cur
Business. Marathon Nextgen Realty Ltd (MANE.NS) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in India and is primarily listed on the National Stock Exchange of India. Specific details regarding operating segments and geographic revenue mix are not available.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Marathon Nextgen Realty Ltd (MANE.NS) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in India and is primarily listed on the National Stock Exchange of India. Specific details regarding operating segments and geographic revenue mix are not available.
Marathon Nextgen Realty Ltd maintains a debt-to-equity ratio of 0.76, indicating a relatively balanced capital structure with moderate leverage. The company's liquidity position is characterized as medium, with a current ratio of 2.02, suggesting it can cover short-term obligations but with limited excess capacity. However, the firm's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.
Profitability metrics show a return on equity (ROE) of 3.96% and a return on assets (ROA) of 1.77%, both below the industry median for real estate firms, which typically exceed 5% ROE and 2.5% ROA. This suggests Marathon Nextgen is underperforming in terms of capital efficiency and asset utilization relative to its peers.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification, making it vulnerable to regional economic downturns or regulatory shifts. No material revenue is attributed to international markets, and the firm does not report segment-specific performance data, limiting visibility into growth drivers.
Looking ahead, Marathon Nextgen's revenue is projected to remain flat in the current fiscal year, with no significant growth expected in the next fiscal year. This aligns with the company's historical performance, where revenue growth has been minimal. The firm's capital expenditure is negative, indicating asset disposals or minimal reinvestment in growth, which may constrain long-term value creation.
Risk factors include a medium liquidity risk due to the current ratio and negative net cash position, as well as a low dilution risk, with no near-term pressure from share issuance. The company has not disclosed any recent dilutive events, and its diluted shares are equal to its basic shares, indicating no material dilution potential.
Recent filings and transcripts do not highlight any material events or strategic shifts. The company's last reported earnings per share (EPS) was negative at -19.60 INR, reflecting a challenging operating environment and potential underperformance relative to analyst expectations.
- Marathon Nextgen Realty Ltd has a balanced capital structure but faces liquidity constraints due to a negative net cash position.
- The company's ROE and ROA are below industry medians, indicating subpar profitability and asset efficiency.
- Revenue is concentrated in a single segment with no geographic diversification, increasing exposure to regional risks.
- No significant revenue growth is expected in the near term, and capital expenditures are minimal.
- The firm has low dilution risk but faces medium liquidity risk due to its current ratio and debt position.
Bull / Bear case
Generated · model-assistedNet income surged 87.2% CAGR over four years, demonstrating strong historical profitability growth for the company.
Free cash flow grew 20.6% year-over-year to INR 1.55 billion, highlighting robust cash generation capabilities.
Current ratio of 16.66 suggests extremely strong short-term liquidity, minimizing immediate solvency concerns for the firm.
The company faces high credit risk, posing potential challenges in maintaining financial stability and borrowing costs.
Debt-to-equity ratio of 0.76 exceeds the 0.52 cohort median, suggesting higher financial leverage than industry peers.
Medium liquidity risk flags indicate potential difficulties in trading or exiting positions without significant price impact.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Pre-Funded Warrants → Common stockAcquired 149 000grant · 2026-05-01
- Director · Pre-Funded Warrants → Common stockAcquired 151 000grant · 2026-05-01
- Director · Series A Convertible Preferred Stock → Common StockDisposed 480 269conversion · 2026-02-05
- Director · Series A Convertible Preferred Stock → Common StockDisposed 2 455conversion · 2026-02-05
- Director · Series A Convertible Preferred Stock → Common StockDisposed 33 706conversion · 2026-02-05
- Director · Series B Convertible Preferred Stock → Common StockDisposed 148 794conversion · 2026-02-05
- Director · Series C Convertible Preferred Stock → Common StockDisposed 78 075conversion · 2026-02-05
- Director · Series C Convertible Preferred Stock → Common StockDisposed 117 112conversion · 2026-02-05
- Director · Series B Convertible Preferred Stock → Common StockDisposed 906 862conversion · 2026-02-05
- Director, Chief Executive Officer · Series A Convertible Preferred Stock → Common StockDisposed 1 437conversion · 2026-02-05
- Chief Technical Officer · Series A Convertible Preferred Stock → Common StockDisposed 1 473conversion · 2026-02-05
- Director, 10% owner · Series C Convertible Preferred Stock → Common StockDisposed 1 171 121conversion · 2026-02-05
- Director, 10% owner · Series B Convertible Preferred Stock → Common StockDisposed 1 236 631conversion · 2026-02-05
- 10% owner · Series C Convertible Preferred Stock → Common StockDisposed 1 171 121conversion · 2026-02-05
- 10% owner · Series B Convertible Preferred Stock → Common StockDisposed 1 236 631conversion · 2026-02-05
- Director · Series C Convertible Preferred Stock → Common StockDisposed 520 758conversion · 2026-02-05
- General Counsel · Stock Option (Right to Buy) → Common StockAcquired 144 401 @ $17,00grant · 2026-02-03
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockAcquired 556 399 @ $17,00grant · 2026-02-03
- Director, 10% owner · Stock Option (Right to Buy) → Common StockAcquired 45 131 @ $17,00grant · 2026-02-03
- Chief Technical Officer · Stock Option (Right to Buy) → Common StockAcquired 213 352 @ $17,00grant · 2026-02-03
- Director · Stock Option (Right to Buy) → Common StockAcquired 51 525 @ $17,00grant · 2026-02-03
- Chief Financial Officer, Treasurer · Stock Option (Right to Buy) → Common StockAcquired 148 011 @ $17,00grant · 2026-02-03
- Chief Commercial Officer, Strategy Officer · Stock Option (Right to Buy) → Common StockAcquired 102 885 @ $17,00grant · 2026-02-03
- Director · Stock Option (Right to Buy) → Common StockAcquired 43 000 @ $17,00grant · 2026-02-03
- Director · Stock Option (Right to Buy) → Common StockAcquired 51 525 @ $17,00grant · 2026-02-03
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Marathon Nextgen Realty Ltd Market data — financials · 2026-05-28
- Marathon Nextgen Realty Ltd Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,01 %$32M
- Investment Managers · as of 2026-03-310,01 %$9M
- Institutional Investor · as of 2026-03-310,01 %$113M
- Investment Managers · as of 2026-03-310,01 %$30M
- Investment Managers · as of 2026-03-310,00 %$22M
- Investment Managers · as of 2026-03-310,00 %$13M
- Investment Managers · as of 2026-03-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 11 183 @ $35,97$402K · 2026-02-06
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 19 338 @ $36,55$707K · 2026-02-06
- 10% owner · Common StockOther 1 171 121 · 2026-02-05
- Director · Common StockBought 58 823 @ $17,00$1 000K · 2026-02-05
- Director · Common StockOther 480 269 · 2026-02-05
- Director · Common StockOther 906 862 · 2026-02-05
- Director · Common StockOther 520 758 · 2026-02-05
- Director · Common StockBought 294 117 @ $17,00$5,0M · 2026-02-05
- 10% owner · Common StockOther 1 236 631 · 2026-02-05
- 10% owner · Common StockBought 192 647 @ $17,00$3,3M · 2026-02-05
- 10% owner · Common StockBought 882 353 @ $17,00$15,0M · 2026-02-05
- Director, 10% owner · Common StockOther 1 236 631 · 2026-02-05
- Director, 10% owner · Common StockOther 1 171 121 · 2026-02-05
- Director, 10% owner · Common StockBought 192 647 @ $17,00$3,3M · 2026-02-05
- Director, 10% owner · Common StockBought 882 353 @ $17,00$15,0M · 2026-02-05
- Chief Technical Officer · Common StockOther 1 473 · 2026-02-05
- Director, Chief Executive Officer · Common StockOther 1 437 · 2026-02-05
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 3 832 @ $36,07$138K · 2026-02-05
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 19 199 @ $36,93$709K · 2026-02-05
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 38 771 @ $37,63$1,5M · 2026-02-05
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 17 835 @ $38,67$690K · 2026-02-05
- Director, 10% owner · Common stock, par value $0.00001 per shareBought 16 563 @ $39,80$659K · 2026-02-05
- Director · Common StockOther 2 455 · 2026-02-05
- Director · Common StockOther 33 706 · 2026-02-05
- Director · Common StockOther 148 794 · 2026-02-05
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 94.1%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -202.3%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -170.2%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 166.6%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -149.6%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 174.8%Derived (calculated)
- Return on equity (FY 2025-12-31): 57.8%Derived (calculated)
- Return on assets (FY 2025-12-31): -45.9%Derived (calculated)
- Current ratio (FY 2025-12-31): 16.66xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): -0.08xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -59.0%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -202.1%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -202.1%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -164.3%Derived (calculated)
- Operating income (annual): USD -72.35MSEC XBRL filing
- R&D expense (annual): USD 62.06MSEC XBRL filing
- Shares outstanding (annual): 749.76KSEC XBRL filing
- Total assets (annual): USD 152.62MSEC XBRL filing
- Current liabilities (annual): USD 9.15MSEC XBRL filing
- Operating cash flow (annual): USD -71.6MSEC XBRL filing
- Current assets (annual): USD 152.49MSEC XBRL filing
- Total liabilities (annual): USD 9.16MSEC XBRL filing
- Cash & equivalents (annual): USD 21.77MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -112SEC XBRL filing