MarketFriction

Maral Overseas Ltd

NSE MARALOVER · BSE 521018 · Other Textile Products
₹57.70 -4.33%
NSE close2026-10-01
52 week range34.11 - 68.89
Market cap₹255 Cr.
P/E11.4
Price band 20% Delivery 72.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales245.00227.63259.77250.92271.04250.37274.70225.50249.70247.45258.22263.21
Expenses232.63213.81246.81247.35263.68249.06264.29223.87240.62228.06239.92246.49
Operating Profit12.3713.8212.963.577.361.3110.411.639.0819.3918.3016.72
OPM %5.05%6.07%4.99%1.42%2.72%0.52%3.79%0.72%3.64%7.84%7.09%6.35%
Other Income3.794.5111.287.733.474.596.784.644.653.679.825.73
Interest9.418.887.929.229.768.848.8510.009.149.418.949.16
Depreciation8.608.808.638.548.418.458.779.027.737.977.957.97
Profit before tax-1.850.657.69-6.46-7.34-11.39-0.43-12.75-3.145.6811.235.32
Tax %23.78%-63.08%23.54%-0.31%-5.18%-7.29%-46.51%-1.41%-11.15%6.51%-18.61%-12.41%
Net Profit-2.291.065.88-6.45-6.95-10.56-0.23-12.57-2.785.3013.315.98
EPS in Rs-0.550.261.42-1.55-1.67-2.54-0.06-3.03-0.671.283.211.44
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6196666417576766321,0821,0269601,0479811,019
Expenses5726216157216685789651,0069231,024932955
Operating Profit474625368541172037234963
OPM %8%7%4.0%4.8%1.1%8%11%1.9%3.9%2.2%5.0%6%
Other Income12151215178221523222224
Interest191819171617212334373837
Depreciation252318202424263034343332
Profit before tax1421113-152192-18-8-26119
Tax %25%33%-65%39%0%40%28%-13%15%-6%-224%
Net Profit101418-151367-16-10-24322
EPS in Rs2.463.330.241.96-3.683.0216.14-3.84-2.35-5.830.795.26
Dividend Payout %0%0%0%0%0%0%12%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%9%-1%0%
Compounded Profit Growth-9%-19%31%174%
Stock Price CAGR9%-5%-8%31%
Return on Equity3%3%-8%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital424242424242424242424242
Reserves2738535159425612499906769
Borrowings232239231211248223197243372476449374
Other Liabilities595396100107126147180120150174206
Total Liabilities359371421404455433442590633758732690
Fixed Assets171153158157188182161175203346337307
CWIP311313302341910
Investments001000111111
Other Assets184207260232264250279411388402393382
Total Assets359371421404455433442590633758732690
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity852544683156383416617690
Cash from Investing Activity-45-14-22-26-39-11-2-31-90-122-28-7
Cash from Financing Activity-36-15-24-4111-42-43-27659-48-82
Net Cash Flow4-3-2134-812-2-01
Free Cash Flow39112141-942344-77-644477
CFO/OP152%62%107%268%93%739%73%53%93%166%326%183%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days242845474641563735464847
Inventory Days9112413810183839916412712496101
Days Payable201638404448609137274555
Cash Conversion Cycle951351441088575951101251429993
Working Capital Days13131-31-25-35-3256-5-16-12
ROCE %13%11%12%6%9%0%12%31%1%5%2%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%
FIIs0.16%0.09%0.10%0.08%0.08%0.11%0.08%0.07%0.07%0.07%0.07%0.07%
Public24.89%24.97%24.94%24.97%24.96%24.93%24.97%24.97%24.96%24.97%24.97%24.97%
No. of Shareholders17,32017,36918,50718,02017,65017,08316,90416,80017,04816,91716,64016,502

Fundamentals

Market Cap₹ 255 Cr.
Current Price₹ 61.1
Stock P/E11.4
Book Value₹ 26.7
ROCE7.57 %
ROE3.84 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)174%
Standalone figures.
Valuation
Market capRs 240 Cr
Enterprise valueRs 607 Cr
P/E (TTM)10.98x
Price to book2.16x
Price to sales0.24x
EV / EBITDA6.95x
EV / EBIT10.89x
EV / sales0.60x
Price to cash flow2.67x
Earnings yield9.11%
P/E, 3-year average45.09x
P/B, 3-year average1.87x
P/E, 5-year average25.09x
P/B, 5-year average1.81x
Profitability
Operating margin (excl. other income)4.98%
Operating margin (incl. other income)7.26%
EBITDA margin8.58%
Pre-tax margin1.87%
Net profit margin2.14%
Net margin, latest quarter2.27%
ROE2.97%
ROCE7.39%
ROA0.46%
ROE, 3-year average-8.11%
ROCE, 3-year average4.61%
ROA, 3-year average-1.40%
ROE, 5-year average3.23%
ROCE, 5-year average9.43%
ROA, 5-year average1.24%
ROIC (approx.)37.74%
Tax rate-223.76%
Other income / net worth20.14%
Growth
Sales growth (latest year)-6.32%
Sales CAGR, 3 years-1.48%
Sales CAGR, 5 years9.19%
Profit CAGR, 5 years-23.61%
Sales growth QoQ1.93%
Profit growth QoQ-55.07%
Sales growth YoY (latest quarter)16.72%
Per share
EPS (TTM)Rs 5.25
EPS (latest year)Rs 0.79
EPS (latest quarter)Rs 1.44
EPS, 3-year averageRs -2.47
EPS, 5-year averageRs 0.98
Book value per shareRs 26.68
Sales per shareRs 245.39
Cash flow per shareRs 21.58
Free cash flow per shareRs 18.55
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout, 5-year average12.39%
Efficiency
Asset turnover1.42x
Fixed asset turnover3.19x
Inventory turnover5.30x
Inventory days69 days
Debtor days47 days
Debtors turnover7.73x
Creditor days55 days
Cash conversion cycle93 days
Working capital days-12 days
Leverage
Total debtRs 374 Cr
Cash and bankRs 6 Cr
Net debtRs 367 Cr
Debt to equity3.38x
Net debt / EBITDA4.21x
Interest coverage1.52x
Owners' fund to total sources16.04%
Debt to assets54.15%
Cash flow
Cash from Operating Activity (latest year)Rs 90 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs -82 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 77 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years13.85x
Sales to cash flow10.95x
Statement figures
Net sales (TTM)Rs 1,019 Cr
Net sales (latest year)Rs 981 Cr
Sales (latest quarter)Rs 263 Cr
Operating profit excl. other income (latest year)Rs 49 Cr
Operating profit (latest quarter)Rs 17 Cr
Other income (TTM)Rs 24 Cr
EBITDA (TTM)Rs 87 Cr
PBDT (TTM)Rs 51 Cr
Profit before tax (TTM)Rs 19 Cr
Tax (latest year)Rs -2 Cr
Net profit (TTM)Rs 22 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 32 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 37 Cr
Cost of goods sold (latest year)Rs 706 Cr
Total expenditure (latest year)Rs 932 Cr
Total income (latest year)Rs 1,003 Cr
Share capitalRs 42 Cr
ReservesRs 69 Cr
Shareholders' fundsRs 111 Cr
Total assetsRs 690 Cr
Net blockRs 307 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 1 Cr
ReceivablesRs 127 Cr
InventoryRs 133 Cr
Other liabilitiesRs 206 Cr
Shares outstanding (crore)4.15
Ownership
Promoter holding74.95% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.0 is at the 41th percentile of its own 5.5-year range (median 11.8, low 2.9, high 124.5).
P/B 2.16 is at the 72th percentile (median 1.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMARALOVERNifty 50Difference
1 week-2.1%-2.8% +0.7 pts
1 month+6.0%-6.8% +12.8 pts
3 months+8.3%-7.6% +15.9 pts
6 months+62.9%+0.4% +62.5 pts
1 year+21.6%-9.9% +31.5 pts
2 years-26.1%-13.6% -12.6 pts
3 years-26.9%+14.2% -41.1 pts
5 years-28.1%+27.9% -55.9 pts

Red flags

F-score 7 of 8
explainLow interest cover Interest cover 1.0x in 2026
lookProfit leans on other income Other income was 2208% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹263 Cr +16.7% vs Jun 2025. Net profit ₹6 Cr +147.6%.
Against our estimate for Jun 2026: sales +21.1%, profit +434.8% beat. Our estimate for Sep 2026: sales Rs 263 Cr, profit Rs 6 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-20Annual General Meeting
2023-09-13Annual General Meeting
2022-08-17Annual General Meeting/Dividend - Rs 2 Per Share
2021-08-23 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-11 Annual General Meeting
2018-09-11 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-15 Annual General Meeting
2014-09-15Annual General Meeting
2013-09-19Annual General Meeting
2012-12-12Annual General Meeting
2011-09-14Annual General Meeting
2010-09-03Annual General Meeting
2009-12-14Annual General Meeting
2008-09-18Annual General Meeting
2007-09-20Agm
2006-09-19Agm
DateTypeWhat it says
2026-09-08UpdatesReport on re-lodgment of Transfer Requests of Physical shares under Special Window.
2026-09-03Credit RatingCredit Rating
2026-08-26UpdatesVoting Results of 37th AGM Under Regulation 44(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
2026-08-26Shareholder meetingVoting Results and Scrutinizer Report for 37th Annual General Meeting
2026-08-25Shareholder meetingSummary of Proceedings of 37th Annual General Meeting held on 25 August 2026
2026-08-07UpdatesUpdate on Re-Lodgment of Transfer Requests of Physical Shares under Special Window.
2026-08-01UpdatesIntimation for sending letters to those members whose e-mail addresses are not registered with Company s RTA or DPs. The said letter provides the web ...
2026-07-31Shareholder meetingNotice of Annual General Meeting to be held on August 25, 2026
2026-07-30Board meeting outcomeMaral Overseas Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30General UpdatesGeneral Updates
2026-07-27General UpdatesIntimation for 37th Annual General Meeting of the Company scheduled to be held on Tuesday,25th August 2026.
2026-07-08UpdatesSpecial Window for Re-Lodgment of Transfer Requests of Physical Shares.
2026-07-01Credit Rating- RevisionCredit Rating- Update
2026-06-09UpdatesDisclosure under Regulation 30 of SEBI LODR, 2015.
2026-06-08UpdatesUpdate on Special Window for Re-lodgment of Transfer Requests of Physical Shares.
2026-05-07AppointmentAppointment of Agarwal & Saxena, LLP as Internal Auditor for Garment Division of the company w.e.f. May 07, 2026 for FY2026-2027. (refer para 3 of th...
2026-05-07AppointmentAppointment of K.G. Goyal & Co as Cost Accountant of the company w.e.f. May 07, 2026. for FY2026-27 (refer para 4 of outcome of Board meeting)
2026-05-07General UpdatesAcquisition of 26% stake in Asawata Energy Private Limited, for setting up 15 MW Solar Power Plant at Sarovar Plant of the Company, under Group Captiv...
2026-05-07AppointmentAppointment of BGJC & Associates LLP as Internal Auditor for Sarovar Plant of the company w.e.f. May 07, 2026 for FY2026-2027. (refer para 3 of the o...
2026-05-07Board meeting outcomeMaral Overseas Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-06UpdatesUpdate on Special Window for Re-lodgment of Transfer Requests of Physical Shares.
2026-04-09Disclosure under SEBI TakeovShekhar Agarwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-04-06UpdatesUpdate On Special Window For Re-Lodgment Of Transfer Requests Of Physical Shares.
2026-03-13UpdatesUpdate on Special Window for Re-lodgment of Transfer Requests of Physical Shares.
2026-02-05UpdatesAdoption of New Logo.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Maral Overseas Ltd?

Maral Overseas Ltd (MARALOVER) has a market capitalisation of Rs 255 Cr. at the 2026-10-01 close.

What is the P/E ratio of Maral Overseas Ltd?

Maral Overseas Ltd trades at a P/E of 11.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Maral Overseas Ltd's latest quarterly results?

In the Jun 2026 quarter, Maral Overseas Ltd sales was Rs 263 Cr (+16.7% vs Jun 2025) and net profit was Rs 6 Cr.

What is the 52-week high and low of Maral Overseas Ltd?

The 52-week high is Rs 68.89 and the 52-week low is Rs 34.11.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03