Maral Overseas Ltd
NSE: MARALOVER · Other Textile Products · sector
₹55.84NSE close 2026-10-26
Key numbers
Market cap₹232 cr
Price₹55.84
52w high / low₹69 / ₹34
P/E10.6xSector median 13.7x
P/B2.1xSector median 1.1x
Book value₹26.7
Dividend yield–Sector median 0.51%
ROE19.9%Sector median 5.4%
ROCE12.3%Sector median 7.5%
OPM6.2%Sector median 6.6%
Debt / equity3.08xSector median 0.43x
EV/EBITDA9.0xSector median 9.6x
Interest cover1.5x
Current ratio0.93x
Sales growth 3y-1.5%Sector median +0.6%
Profit growth 3y–Sector median +1.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹8 cr vs borrowings ₹341 cr (FY26): borrowings are higher by ₹333 cr.
- Operating profit covered interest 1.5x in the last 12 months.
- 48.03% of the promoters' shares are pledged (36.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 112% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹55.84 on 2026-10-26: -18.9% from the 52-week high, +63.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹90.87 · low ₹37.33
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 250 | 275 | 226 | 250 | 247 | 258 | 263 |
| EBITDA | 7 | 1 | 10 | 2 | 9 | 19 | 18 | 17 |
| OPM % | 2.7% | 0.5% | 3.8% | 0.7% | 3.6% | 7.6% | 7.1% | 6.4% |
| Other income | 3 | 5 | 7 | 5 | 5 | 4 | 10 | 6 |
| Net profit | -7 | -11 | -0 | -13 | -3 | 5 | 13 | 6 |
| EPS (₹) | -1.68 | -2.54 | -0.06 | -3.03 | -0.67 | 1.28 | 3.21 | 1.44 |
| Revenue YoY | -7.9% | -1.2% | -6.0% | +16.7% | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,082 | 1,026 | 960 | 1,047 | 981 | 1,019 |
| EBITDA | 117 | 19 | 37 | 23 | 48 | 63 |
| Net profit | 67 | -16 | -10 | -24 | 3 | 22 |
| EPS (₹) | 16.14 | -3.84 | 2.35 | -5.83 | 0.79 | 5.26 |
| Revenue growth | -5.2% | -6.4% | +9.1% | -6.3% | -0.3% | |
| Profit growth | -123.8% | – | – | – | – | |
| Dividend / share (₹) | – | 2.00 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.5% | +9.2% | -0.3% |
| Net profit | – | -23.6% | – |
| EPS | – | -23.5% | – |
| Share price | – | -10.0% (2y) | +28.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 141 | 132 | 109 | 111 |
| Borrowings | – | 329 | 424 | 416 | 341 |
| Cash & equivalents | – | 8 | 6 | 6 | 8 |
| Total assets | – | 633 | 758 | 732 | 690 |
| Fixed assets | – | 201 | 345 | 336 | 307 |
| Capital work in progress | – | 41 | 9 | 1 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 99 | 121 | 139 | 127 |
| Inventory | – | 180 | 164 | 136 | 133 |
| Payables | – | 52 | 36 | 64 | 72 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 34 | 16 | 63 | 76 | 90 |
| Cash from investing | -31 | -90 | -124 | -28 | -7 |
| Cash from financing | -2 | 76 | 58 | -48 | -82 |
| Capex | 30 | 92 | 125 | 32 | 14 |
| Free cash flow | 4 | -76 | -62 | 44 | 75 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -11.3% | -7.4% | -22.2% | 2.9% |
| ROCE % | – | 1.0% | 4.6% | 2.1% | 8.5% |
| Debtor days | – | 35 | 46 | 48 | 47 |
| Inventory days | – | 95 | 98 | 76 | 83 |
| Payable days | – | 28 | 22 | 36 | 45 |
| Cash conversion cycle (days) | – | 102 | 122 | 88 | 85 |
| Working capital days | – | 9 | -3 | -14 | -9 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.95% |
| FIIs | 0.08% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 24.97% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% |
| Promoter group | % |
|---|---|
| Agarwal Trademart Private Limited | 47.61% |
| Agarwal Finestate Private Limited | 17.82% |
| Diplomat Leasing and Finance Private Limited | 2.74% |
| Smt. Shashi Agarwal | 2.50% |
| Shri Shekhar Agarwal | 1.82% |
| Shri Shantanu Agarwal | 1.34% |
| Shekhar Agarwal HUF (Karta Shri Shekhar Agarwal) | 0.97% |
| Smt. Shuchi Poddar | 0.14% |
| Shekhar Agarwal-Trust (Trustee Shri Shekhar Agarwal) | 0.01% |
| Shantanu Agarwal HUF (Karta: Shri Shantanu Agarwal) | 0.01% |
| Smt. Alka Agarwal | 0.01% |
| SSSA Family Private Limited (Trustee Of Shekhar Agarwal Family Pvt. Trust) | 0.00% |
| SSSA Family Private Limited (Trustee Of Shuchi Agarwal Family Pvt. Trust) | 0.00% |
| SSSA Family Private Limited (Trustee Of Shashi Agarwal Family Pvt. Trust) | 0.00% |
| SSSA Family Private Limited (Trustee Of Shantanu Agarwal Family Pvt. Trust) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Ajay Upadhyaya | 1.69% |
| Inter Globe Capital Market Private Limimted | 1.56% |
| BIZ Secure Labs Private Limited | 1.01% |
16,350 shareholders. Pledged: 48.03% of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| MARALOVER | ₹232 cr | 10.6x | 2.1x | 19.9% | 12.3% | 6.2% | -1.5% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| YARN | ₹681 cr | 57.4% | ₹33 cr | 4.9% |
| FABRIC | ₹315 cr | 26.5% | ₹19 cr | 5.9% |
| GARMENT | ₹190 cr | 16.0% | ₹-10 cr | -5.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-08-20 | Other | Annual General Meeting |
| 2023-09-13 | Other | Annual General Meeting |
| 2022-08-17 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-08-23 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-11 | Other | Annual General Meeting |
| 2018-09-11 | Other | Annual General Meeting |
| 2017-09-14 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-15 | Other | Annual General Meeting |
| 2014-09-15 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-12-12 | Other | Annual General Meeting |
| 2011-09-14 | Other | Annual General Meeting |
| 2010-09-03 | Other | Annual General Meeting |
| 2009-12-14 | Other | Annual General Meeting |
| 2008-09-18 | Other | Annual General Meeting |
| 2007-09-20 | Other | Agm |
| 2006-09-19 | Other | Agm |
| 2005-08-08 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | MARALOVER |
| BSE code | 521018 |
| ISIN | INE882A01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.