- #1,608 Chetan Ramniklal Shah & family ₹1,200 Cr
- #1,608 Mayur Ramniklal Shah & family ₹1,200 Cr

About Marathon Nextgen Realty Limited
Data last updated:
Marathon Nextgen Realty Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Marathon Realty Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 January 1978 and has been in existence for over 48 years.
Its director Chetan Ramniklal Shah and family are #1,608 among India's richest people (2026). Its director Mayur Ramniklal Shah and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1978PLC020080. Its GSTIN is 27AAACP8032E1ZN (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 503101 and NSE: MARATHON.
The company has an authorised share capital of ₹74 Cr and a paid-up capital of ₹33.71 Cr. It was formerly known as Piramal Spinning & Weaving Mills Limited and Marathon Nextgen Realty & Textiles Limited. It is led by directors including Chetan Ramniklal Shah (Managing Director) and Kaivalya Chetan Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Marathon Futurex N. M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹496.12 Cr, a decline of 14.5% compared to the previous year. For the same year it recorded a net profit of ₹79.18 Cr (net margin 16%) and EBITDA of ₹118.83 Cr (EBITDA margin 24%). The net worth stands at ₹2,274.84 Cr (up 91.7% YoY). Total assets are valued at ₹2,436.85 Cr (up 37.6% YoY).
The company has about 58 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Marathon Group. As per MCA filings, the company has open charges of ₹575.38 Cr and satisfied charges of ₹5,367.68 Cr on record. Court records list 37 cases involving the company, including 12 filed by the company and 25 filed against it; 11 cases are pending. The company has 22 deals on record (20 market trades, 1 qip, 1 debt financing), with disclosed funding of ₹450 Cr; the latest was in August 2025. The company has 13 MSME Form 1 returns on record between 2018 and 2024, listing 271 overdue payments to 59 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marathonnextgen.com.
Company details
Name history
Marathon Nextgen Realty has undergone 4 name changes throughout its history. The current legal name is Marathon Nextgen Realty Limited.
| Company Name | Status |
|---|---|
| Marathon Nextgen Realty Limited | Current |
| Piramal Spinning & Weaving Mills Limited | Previous |
| Marathon Nextgen Realty & Textiles Limited | Previous |
| Marathon Nexthen Realty And Textiles Limited | Previous |
| Mahadevi Investment Company Limited | Previous |
Recognitions & Rankings of Marathon Nextgen Realty
Contact details
Marathon Nextgen Realty Limited's registered office is in Mumbai, Maharashtra. Its website is marathonnextgen.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMarathon Futurex N. M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Marathon Nextgen Realty Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Marathon Nextgen Realty operates one associated brand: Marathon Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development is undertaken by Marathon Group in Mumbai. | marathonnextgen.com |
Business activity
The main business activity of Marathon Nextgen Realty is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Marathon Nextgen Realty Limited, buy the company report.
Financials of Marathon Nextgen Realty Limited
FY 2025-26 filings availableMarathon Nextgen Realty Limited reported revenue of ₹496.12 Cr (down 14.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 496 | 580 | 705 | 717 | 306 | 206 | 241 |
| Revenue growth | -14.5% | -17.7% | -1.7% | +134.1% | +48.9% | -14.8% | - |
| EBITDA | 119 | 173 | 233 | 239 | 74.39 | 63.73 | 64.34 |
| EBITDA margin | +24.0% | +29.8% | +33.1% | +33.4% | +24.3% | +31.0% | +26.7% |
| Profit before tax | 247 | 208 | 180 | 156 | 34.99 | 32.11 | 25.94 |
| Net profit | 79.18 | 119 | 166 | 126 | 38.50 | 15.24 | 24.07 |
| Net profit margin | +16.0% | +20.6% | +23.6% | +17.5% | +12.6% | +7.4% | +10.0% |
| EPS (₹) | 30.10 | 36.43 | 32.53 | 26.12 | 8.37 | 3.30 | 5.23 |
| Balance sheet | |||||||
| Total assets | 2,437 | 1,771 | 1,869 | 1,740 | 1,776 | 1,388 | 1,197 |
| Net worth | 2,275 | 1,187 | 1,005 | 785 | 649 | 861 | 593 |
| Total debt | 99.39 | 560 | 761 | 869 | 1,087 | 487 | 567 |
| Cash & bank | 135 | 91.59 | 93.11 | 104 | 62.57 | 82.73 | 50.33 |
| Net working capital | 1,043 | 766 | 746 | 612 | 629 | 639 | 297 |
| Cash flow | |||||||
| Cash from operations | (54.16) | (25.31) | 22.10 | 315 | 76.33 | (109) | 18.03 |
| Cash from investing | (292) | 298 | 112 | 26.74 | (375) | (2.64) | (71.09) |
| Cash from financing | 411 | (265) | (155) | (326) | 274 | 144 | 59.70 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 198 | 114 | 125 | 117 | 141 | 149 | 123 |
| Revenue growth (YoY) | +10.4% | +40.3% | -23.6% | +1.3% | -20.0% | -13.2% | - | - |
| Other income | 15.74 | 19.49 | 38.26 | 15.89 | 38.21 | 50.10 | 39.44 | 26.24 |
| EBITDA | 45.09 | 46.52 | 24.89 | 22.78 | 42.01 | 30.91 | 41.28 | 36.41 |
| EBITDA margin | +35.0% | +23.6% | +21.9% | +18.2% | +36.0% | +22.0% | +27.8% | +29.5% |
| Depreciation | 0.38 | 0.38 | 0.36 | 0.39 | 0.39 | 0.47 | 0.53 | 0.66 |
| Interest | 0.72 | 0.69 | 0.26 | 0.09 | 2.07 | 12.11 | 18.19 | 8.68 |
| Profit before tax | 59.73 | 64.94 | 62.53 | 38.19 | 77.76 | 68.43 | 62.00 | 53.31 |
| Tax | 18.07 | 15.85 | 18.18 | 10.46 | 14.03 | 15.85 | 13.83 | 10.95 |
| Net profit | 41.66 | 49.09 | 44.35 | 27.73 | 63.73 | 52.58 | 48.17 | 42.36 |
| EPS (₹) | 6.70 | 7.77 | 6.75 | 4.85 | 9.79 | 11.69 | 10.58 | 9.57 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 177 | 242 | 345 | 445 | 158 | 54.39 | 81.27 |
| Revenue growth | -26.9% | -29.8% | -22.6% | +181.4% | +190.9% | -33.1% | - |
| EBITDA | 68.10 | 93.16 | 175 | 194 | 65.05 | 46.51 | 53.27 |
| EBITDA margin | +38.5% | +38.5% | +50.7% | +43.6% | +41.1% | +85.5% | +65.6% |
| Profit before tax | 234 | 161 | 167 | 137 | 30.91 | 34.03 | 38.80 |
| Net profit | 171 | 136 | 136 | 110 | 21.64 | 28.49 | 34.39 |
| Net profit margin | +97.0% | +56.1% | +39.3% | +24.7% | +13.7% | +52.4% | +42.3% |
| EPS (₹) | 28.11 | 26.51 | 26.49 | 22.69 | 4.71 | 6.18 | 7.48 |
| Balance sheet | |||||||
| Total assets | 2,168 | 1,351 | 1,327 | 1,362 | 1,408 | 1,077 | 972 |
| Net worth | 2,163 | 1,088 | 957 | 803 | 684 | 660 | 631 |
| Total debt | 1.18 | 257 | 363 | 552 | 716 | 410 | 331 |
| Cash & bank | 61.85 | 17.66 | 28.30 | 19.20 | 10.60 | 0.71 | 0.69 |
| Net working capital | 262 | 458 | 337 | 388 | 423 | 463 | 208 |
| Cash flow | |||||||
| Cash from operations | 9.25 | 14.23 | 167 | 241 | 109 | (89.92) | 57.63 |
| Cash from investing | (601) | 138 | 44.10 | 13.84 | (355) | 58.77 | (16.32) |
| Cash from financing | 617 | (151) | (228) | (246) | 256 | 31.53 | (42.99) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62.04 | 39.25 | 68.21 | 21.94 | 62.70 | 23.93 | 73.70 | 38.92 |
| Revenue growth (YoY) | -1.1% | +64.0% | -7.5% | -43.6% | +17.8% | -68.5% | - | - |
| Other income | 28.17 | 30.64 | 47.10 | 27.64 | 45.83 | 58.08 | 43.33 | 29.06 |
| Total expenses | 25.05 | 23.46 | 40.38 | 12.25 | 35.39 | 20.91 | 54.95 | 20.34 |
| EBITDA | 36.99 | 15.79 | 27.83 | 9.69 | 27.31 | 3.02 | 18.75 | 18.58 |
| EBITDA margin | +59.6% | +40.2% | +40.8% | +44.2% | +43.6% | +12.6% | +25.4% | +47.7% |
| Depreciation | 0.23 | 0.23 | 0.23 | 0.27 | 0.26 | 0.33 | 0.42 | 0.55 |
| Interest | 0.11 | 0.18 | 0.11 | 0.04 | 0.63 | 10.79 | 12.76 | 6.73 |
| Profit before tax | 64.82 | 46.02 | 74.59 | 37.02 | 72.25 | 49.98 | 48.90 | 40.36 |
| Tax | 17.02 | 9.40 | 15.31 | 9.16 | 11.74 | 8.09 | 7.92 | 5.51 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 198 | 114 | 125 | 117 | 141 | 149 | 123 |
| Revenue growth (YoY) | +10.4% | +40.3% | -23.6% | +1.3% | -20.0% | -13.2% | - | - |
| Other income | 15.74 | 19.49 | 38.26 | 15.89 | 38.21 | 50.10 | 39.44 | 26.24 |
| EBITDA | 45.09 | 46.52 | 24.89 | 22.78 | 42.01 | 30.91 | 41.28 | 36.41 |
| EBITDA margin | +35.0% | +23.6% | +21.9% | +18.2% | +36.0% | +22.0% | +27.8% | +29.5% |
| Depreciation | 0.38 | 0.38 | 0.36 | 0.39 | 0.39 | 0.47 | 0.53 | 0.66 |
| Interest | 0.72 | 0.69 | 0.26 | 0.09 | 2.07 | 12.11 | 18.19 | 8.68 |
| Profit before tax | 59.73 | 64.94 | 62.53 | 38.19 | 77.76 | 68.43 | 62.00 | 53.31 |
| Tax | 18.07 | 15.85 | 18.18 | 10.46 | 14.03 | 15.85 | 13.83 | 10.95 |
| Net profit | 41.66 | 49.09 | 44.35 | 27.73 | 63.73 | 52.58 | 48.17 | 42.36 |
| EPS (₹) | 6.70 | 7.77 | 6.75 | 4.85 | 9.79 | 11.69 | 10.58 | 9.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 496 | 580 | 705 | 717 | 306 | 206 | 241 |
| Revenue growth | -14.5% | -17.7% | -1.7% | +134.1% | +48.9% | -14.8% | - |
| Other income | 142 | 96.27 | 41.22 | 42.41 | 38.13 | 17.60 | 8.30 |
| Total expenses | 377 | 407 | 472 | 477 | 232 | 142 | 177 |
| Employee cost | 17.81 | 13.22 | 13.54 | 12.64 | 10.42 | 5.76 | 10.11 |
| EBITDA | 119 | 173 | 233 | 239 | 74.39 | 63.73 | 64.34 |
| EBITDA margin | +24.0% | +29.8% | +33.1% | +33.4% | +24.3% | +31.0% | +26.7% |
| Depreciation | 1.61 | 2.66 | 2.97 | 3.12 | 2.98 | 5.43 | 5.68 |
| Interest | 12.76 | 58.77 | 90.95 | 123 | 74.55 | 43.79 | 41.02 |
| Profit before tax | 247 | 208 | 180 | 156 | 34.99 | 32.11 | 25.94 |
| Tax | 58.53 | 45.42 | 46.43 | 43.29 | 11.43 | 8.93 | 5.36 |
| Net profit | 79.18 | 119 | 166 | 126 | 38.50 | 15.24 | 24.07 |
| Net profit margin | +16.0% | +20.6% | +23.6% | +17.5% | +12.6% | +7.4% | +10.0% |
| EPS (₹) | 30.10 | 36.43 | 32.53 | 26.12 | 8.37 | 3.30 | 5.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 33.71 | 25.60 | 25.59 | 23.16 | 23.00 | 275 | 23.00 |
| Reserves & surplus | 2,241 | 1,161 | 980 | 746 | 626 | 586 | 570 |
| Shareholders' funds (net worth) | 2,275 | 1,187 | 1,005 | 785 | 649 | 861 | 593 |
| Minority interest | 54.91 | 15.65 | 11.67 | 8.11 | 5.41 | 5.04 | 4.29 |
| Secured loans | 41.27 | 464 | 187 | 842 | 634 | 487 | 515 |
| Unsecured loans | 58.12 | 95.93 | 574 | 27.00 | 453 | 0.05 | 52.32 |
| Total debt | 99.39 | 560 | 761 | 869 | 1,087 | 487 | 567 |
| Total liabilities | 2,437 | 1,771 | 1,869 | 1,740 | 1,776 | 1,388 | 1,197 |
| Assets | |||||||
| Gross block | 191 | 262 | 313 | 306 | 299 | 297 | 302 |
| Net block | 173 | 237 | 286 | 283 | 286 | 287 | 294 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 399 | 110 | 80.61 | 48.86 | 271 | 13.36 | 26.35 |
| Inventories | 837 | 655 | 620 | 518 | 547 | 501 | 514 |
| Sundry debtors | 57.25 | 105 | 94.37 | 43.33 | 37.90 | 50.25 | 21.82 |
| Cash & bank balances | 135 | 91.59 | 93.11 | 104 | 62.57 | 82.73 | 50.33 |
| Loans & advances | 336 | 251 | 316 | 360 | 344 | 315 | 131 |
| Total current assets | 1,365 | 1,102 | 1,124 | 1,025 | 991 | 949 | 717 |
| Total current liabilities | 322 | 336 | 378 | 412 | 362 | 311 | 420 |
| Net working capital | 1,043 | 766 | 746 | 612 | 629 | 639 | 297 |
| Total assets | 2,437 | 1,771 | 1,869 | 1,740 | 1,776 | 1,388 | 1,197 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 18.14 | 10.35 | 30.98 | 15.80 | 41.32 | 9.20 | 2.57 |
| Net cash from operating activities | (54.16) | (25.31) | 22.10 | 315 | 76.33 | (109) | 18.03 |
| Net cash from investing activities | (292) | 298 | 112 | 26.74 | (375) | (2.64) | (71.09) |
| Net cash from financing activities | 411 | (265) | (155) | (326) | 274 | 144 | 59.70 |
| Net change in cash | 65.15 | 7.79 | (20.63) | 15.18 | (25.52) | 32.12 | 6.63 |
| Closing cash | 135 | 91.59 | 93.11 | 104 | 62.57 | 82.73 | 50.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -14.5% | -17.7% | -1.7% | +134.1% | +48.9% | -14.8% | - |
| EBITDA growth | -31.3% | -25.7% | -2.7% | +221.7% | +16.7% | -1.0% | - |
| PBT growth | +18.8% | +15.4% | +15.4% | +346.1% | +9.0% | +23.8% | -12.9% |
| Net income growth | -33.7% | -28.2% | +32.6% | +226.1% | +152.6% | -36.7% | - |
| Revenue CAGR (3Y) | -11.5% | +23.8% | +50.8% | +43.8% | +55.0% | +43.7% | +7.7% |
| EBITDA CAGR (3Y) | -20.8% | +32.5% | +54.0% | +55.0% | +12.6% | +13.8% | +4.2% |
| Profitability & leverage | |||||||
| Net income margin | +38.0% | +28.0% | +19.0% | +15.7% | +7.7% | +11.3% | +8.5% |
| Return on capital employed | +7.7% | +11.7% | +15.1% | +15.9% | +7.0% | +5.9% | +6.0% |
| Return on net worth | +3.7% | +8.7% | +15.0% | +15.7% | +3.8% | +3.9% | +3.4% |
| Debt / equity | 0.19 | 0.60 | 0.92 | 1.36 | 1.04 | 0.72 | 0.83 |
| Long-term debt / equity | 0.18 | 0.56 | 0.83 | 1.17 | 0.86 | 0.58 | 0.66 |
| Interest cover | 10.89 | 34.49 | 39.56 | 51.87 | 104.40 | 75.11 | 69.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.19 | 2.02 | 2.28 | 2.37 | 1.03 | 0.69 | 0.91 |
| Inventory turnover | 0.66 | 0.91 | 1.24 | 1.35 | 0.58 | 0.41 | 0.47 |
| Debtors turnover | 6.12 | 5.83 | 10.23 | 17.64 | 6.94 | 5.70 | 17.65 |
| EPS (₹) | 30.10 | 36.43 | 32.53 | 26.12 | 8.37 | 3.30 | 5.23 |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 0.50 | 0.00 | 0.00 |
| Book value per share (₹) | 337.41 | 231.79 | 196.42 | 166.00 | 141.17 | 132.41 | 128.97 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62.04 | 39.25 | 68.21 | 21.94 | 62.70 | 23.93 | 73.70 | 38.92 |
| Revenue growth (YoY) | -1.1% | +64.0% | -7.5% | -43.6% | +17.8% | -68.5% | - | - |
| Other income | 28.17 | 30.64 | 47.10 | 27.64 | 45.83 | 58.08 | 43.33 | 29.06 |
| Total expenses | 25.05 | 23.46 | 40.38 | 12.25 | 35.39 | 20.91 | 54.95 | 20.34 |
| EBITDA | 36.99 | 15.79 | 27.83 | 9.69 | 27.31 | 3.02 | 18.75 | 18.58 |
| EBITDA margin | +59.6% | +40.2% | +40.8% | +44.2% | +43.6% | +12.6% | +25.4% | +47.7% |
| Depreciation | 0.23 | 0.23 | 0.23 | 0.27 | 0.26 | 0.33 | 0.42 | 0.55 |
| Interest | 0.11 | 0.18 | 0.11 | 0.04 | 0.63 | 10.79 | 12.76 | 6.73 |
| Profit before tax | 64.82 | 46.02 | 74.59 | 37.02 | 72.25 | 49.98 | 48.90 | 40.36 |
| Tax | 17.02 | 9.40 | 15.31 | 9.16 | 11.74 | 8.09 | 7.92 | 5.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 177 | 242 | 345 | 445 | 158 | 54.39 | 81.27 |
| Revenue growth | -26.9% | -29.8% | -22.6% | +181.4% | +190.9% | -33.1% | - |
| Other income | 179 | 110 | 65.19 | 42.62 | 18.93 | 23.07 | 18.76 |
| Total expenses | 109 | 149 | 170 | 251 | 93.17 | 7.88 | 28.00 |
| Employee cost | 9.55 | 7.64 | 8.60 | 7.33 | 5.50 | 2.64 | 5.20 |
| EBITDA | 68.10 | 93.16 | 175 | 194 | 65.05 | 46.51 | 53.27 |
| EBITDA margin | +38.5% | +38.5% | +50.7% | +43.6% | +41.1% | +85.5% | +65.6% |
| Depreciation | 1.10 | 2.23 | 2.62 | 2.71 | 2.63 | 5.00 | 4.56 |
| Interest | 11.82 | 39.50 | 70.23 | 96.74 | 50.44 | 30.55 | 28.67 |
| Profit before tax | 234 | 161 | 167 | 137 | 30.91 | 34.03 | 38.80 |
| Tax | 44.30 | 25.57 | 31.73 | 32.29 | 9.27 | 5.60 | 4.41 |
| Net profit | 171 | 136 | 136 | 110 | 21.64 | 28.49 | 34.39 |
| Net profit margin | +97.0% | +56.1% | +39.3% | +24.7% | +13.7% | +52.4% | +42.3% |
| EPS (₹) | 28.11 | 26.51 | 26.49 | 22.69 | 4.71 | 6.18 | 7.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 33.71 | 25.60 | 25.59 | 23.16 | 23.00 | 23.00 | 23.00 |
| Reserves & surplus | 2,129 | 1,062 | 931 | 764 | 660 | 637 | 608 |
| Shareholders' funds (net worth) | 2,163 | 1,088 | 957 | 803 | 684 | 660 | 631 |
| Secured loans | 1.18 | 257 | 363 | 472 | 716 | 410 | 328 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 79.93 | 0.00 | 0.00 | 2.58 |
| Total debt | 1.18 | 257 | 363 | 552 | 716 | 410 | 331 |
| Total liabilities | 2,168 | 1,351 | 1,327 | 1,362 | 1,408 | 1,077 | 972 |
| Assets | |||||||
| Gross block | 34.49 | 111 | 165 | 154 | 156 | 159 | 164 |
| Net block | 29.15 | 98.31 | 149 | 150 | 153 | 155 | 161 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 759 | 338 | 309 | 234 | 452 | 222 | 223 |
| Inventories | 200 | 194 | 212 | 190 | 256 | 281 | 248 |
| Sundry debtors | 25.28 | 35.10 | 19.48 | 23.41 | 9.20 | 7.59 | 2.78 |
| Cash & bank balances | 61.85 | 17.66 | 28.30 | 19.20 | 10.60 | 0.71 | 0.69 |
| Loans & advances | 15.02 | 257 | 171 | 222 | 218 | 217 | 78.64 |
| Total current assets | 302 | 503 | 431 | 455 | 493 | 507 | 330 |
| Total current liabilities | 39.85 | 45.25 | 94.05 | 67.08 | 69.68 | 43.70 | 121 |
| Net working capital | 262 | 458 | 337 | 388 | 423 | 463 | 208 |
| Total assets | 2,168 | 1,351 | 1,327 | 1,362 | 1,408 | 1,077 | 972 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.05 | 2.15 | 18.77 | 10.14 | (0.07) | (0.44) | 1.25 |
| Net cash from operating activities | 9.25 | 14.23 | 167 | 241 | 109 | (89.92) | 57.63 |
| Net cash from investing activities | (601) | 138 | 44.10 | 13.84 | (355) | 58.77 | (16.32) |
| Net cash from financing activities | 617 | (151) | (228) | (246) | 256 | 31.53 | (42.99) |
| Net change in cash | 25.80 | 0.90 | (16.62) | 8.63 | 10.20 | 0.37 | (1.68) |
| Closing cash | 61.85 | 17.66 | 28.30 | 19.20 | 10.60 | 0.71 | 0.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -26.9% | -29.8% | -22.6% | +181.4% | +190.9% | -33.1% | - |
| EBITDA growth | -26.9% | -46.8% | -9.9% | +198.6% | +39.9% | -12.7% | - |
| PBT growth | +45.0% | -3.6% | +21.8% | +344.5% | -9.2% | -12.3% | -3.2% |
| Net income growth | +26.3% | +0.1% | +23.4% | +407.9% | -24.0% | -17.2% | - |
| Revenue CAGR (3Y) | -26.5% | +15.2% | +85.1% | +76.3% | +25.1% | -7.8% | -25.1% |
| EBITDA CAGR (3Y) | -29.5% | +12.7% | +55.5% | +53.9% | +7.7% | +2.5% | -2.1% |
| Profitability & leverage | |||||||
| Net income margin | +107.2% | +56.1% | +39.3% | +23.6% | +13.7% | +52.3% | +42.3% |
| Return on capital employed | +14.0% | +14.9% | +17.5% | +16.9% | +6.6% | +6.3% | +7.2% |
| Return on net worth | +11.7% | +13.1% | +15.2% | +14.1% | +3.2% | +4.4% | +5.6% |
| Debt / equity | 0.08 | 0.30 | 0.51 | 0.85 | 0.84 | 0.57 | 0.52 |
| Long-term debt / equity | 0.05 | 0.25 | 0.50 | 0.83 | 0.80 | 0.53 | 0.48 |
| Interest cover | 17.64 | 43.44 | 40.75 | 50.52 | 80.81 | 73.60 | 58.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.43 | 1.76 | 2.16 | 2.87 | 1.00 | 0.34 | 0.58 |
| Inventory turnover | 0.90 | 1.19 | 1.72 | 2.00 | 0.59 | 0.21 | 0.31 |
| Debtors turnover | 5.86 | 8.87 | 16.08 | 27.31 | 18.85 | 10.49 | 43.58 |
| EPS (₹) | 28.11 | 26.51 | 26.49 | 22.69 | 4.71 | 6.18 | 7.48 |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 0.50 | 0.00 | 0.00 |
| Book value per share (₹) | 320.80 | 212.46 | 186.99 | 169.95 | 148.59 | 143.47 | 137.19 |
To see the full year-wise statements and ratios of Marathon Nextgen Realty Limited, buy the company report.
Board of directors of Marathon Nextgen Realty Limited
Marathon Nextgen Realty has 10 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
Marathon Nextgen Realty Limited is audited by Rajendra & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajendra & Co. | FY 2025 | 108355W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 56.40%, foreign institutional investors hold 4.70%, domestic institutional investors hold 14.70% and retail and other public shareholders hold 24.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 56.40% | 56.40% | 55.90% | 55.90% |
| Public | 43.60% | 43.60% | 44.10% | 44.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2025 | 101239344 | Others | ₹355 Cr | Open | |
| 12 Dec 2025 | 101211204 | Others | ₹1.18 Cr | Open | |
| 22 Jul 2025 | 101151215 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 27 Nov 2024 | 101006893 | Others | ₹75 Cr | Open | |
| 05 Sep 2024 | 100986266 | Others | ₹15 Cr | Open |
To see the full charge records of Marathon Nextgen Realty Limited, buy the company report.
Total charge records: 107 View all charges
Deals & funding
Marathon Nextgen Realty Limited has 22 deals on record (20 market trades, 1 qip, 1 debt financing), with disclosed funding of ₹450 Cr; the latest was in August 2025.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Market trade | ₹27.38 Cr | Buyer: Sageone Investment Managers LLP |
| Jun 2025 | Market trade | ₹17.22 Cr | Buyer: Ramdoot Realtors Private Limited Seller: Ramdoot Realtors Private Limited |
| Jul 2024 | Market trade | ₹15.63 Cr | Buyer: Jainam Broking Limited Seller: Jainam Broking Limited |
| Jun 2024 | Market trade | ₹23.7 Cr | Buyer: Samco Mutual Fund Dynamic Asset Allocation Fund Seller: Jainam Broking Limited |
| Dec 2020 | Market trade | ₹5.5 Cr | Buyer: Ambe Securities Private Limited Seller: an individual |
To see the full deal history of Marathon Nextgen Realty Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Marathon Nextgen Realty Limited has 37 court cases on record: 12 filed by Marathon Nextgen Realty, 25 filed against it. 11 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 16 | 8 |
| District courts | 8 | 8 | 3 |
| NCLAT | 3 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Marathon Realty Pvt Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Nemani Steels Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Nemani Steels Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Nemani Steels Pvt. Ltd. | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LD) | Filed against the company by Zilingo Global Pvt Ltd | Disposed |
To see the full case history of Marathon Nextgen Realty Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Marathon Nextgen Realty Limited was last rated by Care on 14 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Dec 2021 |
To see the full credit ratings and regulatory alerts of Marathon Nextgen Realty Limited, buy the company report.
MSME payment delays
Marathon Nextgen Realty Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 271 overdue payments to 59 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 59)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Mahesh Timber & Associates LLP | |||
| Arya Omnitalk Radio Trunking Services Private Limited |
To see the full MSME payment records of Marathon Nextgen Realty Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Marathon Nextgen Realty has 3 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Terrapolis Assets Private Limited | U20210MH1993PTC073697 | |
| Marathon Nextgen Townships Private Limited | U45203MH2008PTC183871 | |
| Sanvo Resorts Private Limited | U55103MH2001PTC132675 |
To see the full group structure of Marathon Nextgen Realty Limited, buy the company report.
Employees & EPFO
Marathon Nextgen Realty Limited has a workforce of 58 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Marathon Nextgen Realty has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP8032E1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marathon Nextgen Realty Limited, buy the company report.
Recent activity
Marathon Nextgen Realty Limited has 27 board changes on record since 2003: 19 appointments and 8 cessations. The latest: Suyash Neelkanth Bhise was appointed as CFO on 02 Aug 2024.
255 earlier events are in the company report.
News
Frequently asked questions
Marathon Nextgen Realty is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 January 1978 (48+ years old) and is registered under CIN L65990MH1978PLC020080. Listed on BSE: 503101 and NSE: MARATHON.
Marathon Nextgen Realty reported revenue of ₹496.12 Cr for FY 2025-26 (down 14.5% YoY) based on consolidated financials.
Marathon Nextgen Realty has 10 current directors:
- Chetan Ramniklal Shah - Managing Director
- Kaivalya Chetan Shah - Whole-Time Director
- Samyag Mayur Shah - Whole-Time Director
- Mayur Ramniklal Shah - Director
- Shailaja Chetan Shah - Director
- Deepak Rameshchandra Shah - Director
- Atul Jayantilal Mehta - Director
- Parul Abhoy Shah - Director
- Ashwin Mohanlal Thakker - Director
- Devendra Jashwantrai Shrimanker - Director
The latest financial statements of Marathon Nextgen Realty on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marathon Nextgen Realty is 27AAACP8032E1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Marathon Nextgen Realty is L65990MH1978PLC020080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Marathon Nextgen Realty is a listed company as per MCA records. Its shares are listed on both BSE (code: 503101) and NSE (symbol: MARATHON).
Marathon Nextgen Realty has 37 court cases on record: 12 filed by the company and 25 filed against it. 11 are pending. Most are in the high courts.
Marathon Nextgen Realty was incorporated on 13 January 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
Marathon Nextgen Realty has 22 deals on record (20 market trades, 1 qip, 1 debt financing), with disclosed funding of ₹450 Cr; the latest was in August 2025.
Suyash Neelkanth Bhise was appointed as CFO on 02 Aug 2024. Devendra Jashwantrai Shrimanker was appointed as Director on 28 May 2024. Kaivalya Chetan Shah was appointed as Whole-Time Director on 28 May 2024. Marathon Nextgen Realty has 27 board changes on record in total.

