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Swing Capital

Maral Overseas Ltd

NSE: MARALOVER BSE: 521018Textile

Incorporated in 1991, Maral Overseas Ltd manufactures Grey Yarn, Dyed Yarn, Knitted Fabric and Garments[1]

₹53.9
52W: ₹34.1 — ₹85
PE 58 · Book ₹26.7 · +102% vs book
Market Cap₹224 Cr
Stock P/E58Price to Earnings
ROCE7.5%Return on Capital
ROE3.52%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 9.19% over past five years.
  • −Company has a low return on equity of -8.27% over last 3 years.
  • −Promoters have pledged 48.0% of their holding.
  • −Earnings include an other income of Rs.22.8 Cr.

Shareholding Pattern

Promoters74.95%
FIIs0.07%
DIIs0%
Public24.97%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%
FIIs0.08%0.08%0.11%▲0.00.08%▼0.00.07%▼0.00.07%0.07%0.07%
DIIs0%0%0%0%0%0%0%0%
Public24.97%24.96%▼0.024.93%▼0.024.97%▲0.024.97%24.96%▼0.024.97%▲0.024.97%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales228260251271250275226250247258
Expenses214247247264249264224241228240
Operating Profit141347110291918
OPM %6%5%1%3%1%4%1%4%8%7%
Net Profit16-6-7-110-13-3513
EPS ₹0.261.42-1.55-1.67-2.54-0.06-3.03-0.671.283.21

AI Insights

Revenue Trend

Mar 2026 revenue at ₹981Cr, down 6.3% YoY. OPM at 5%.

Debt Position

Borrowings at ₹374Cr. Debt-to-equity ratio: 5.42x. High leverage — monitor closely.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.07% (-0.02pp change). Promoters hold 74.95%.

Margin & Efficiency

ROCE declining from 13% (Mar 2015) to 8% (Mar 2026). Working capital days: -11.

Valuation

PE 58x with 7.5% ROCE. Price is 102% above book value of ₹26.7. Dividend yield: 0%.

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