Stock Idea: Marathon Next Gen Realty

Marathon Next Gen Realty

About Marathon

The Marathon Group was formally launched in 1969 by Shri Ramniklal Shah, an educationist with the ideal of serving society in every way. But the seeds were sown by his father. Zaverbhai Ramji Shah, the Patriarch, in 1922, when he envisioned and planned Mulund, a 550-acre suburb in Mumbai. Marathon continued to contribute to Mulund through 70s and the 80's with over 30 landmark projects in this suburb alone, carrying forward the Patriarch’s vision, conviction and dedication, making Mulund the ‘Prince of the Suburbs’.

Marathon Next Gen Realty: Analysis
Pros;
1. Its a Debt Free company while most of the reality cos hvng huge debt.
2. 75% promoters holding
3. Divided yield is superb above 3%
4. As per Technicals bullish on chart, Approaching 52w high, far from all time high
5. Marathon Next Gen Realty is trading above all moving averages 200 MA is 172
6. Nice result QoQ
7. PEx 11.25 while industry PEx is 26.29
8. Face value 10

Cons;
1.No institutional holding as of now
2.Declining yoy numbers
3. Its a reality sector

The Buzz:
W.e.f. sep 14, 2015, parmeka private limited has become 100% susidary of Marathon.