NSEI:MARALOVER

Stock Analysis Report

Executive Summary

Maral Overseas Limited manufactures and sells cotton yarns, knitted fabrics, and garments in India and internationally.


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Maral Overseas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MARALOVER's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.8%

MARALOVER

-2.3%

IN Luxury

-2.9%

IN Market


1 Year Return

-65.9%

MARALOVER

-26.7%

IN Luxury

-29.3%

IN Market

Return vs Industry: MARALOVER underperformed the Indian Luxury industry which returned -26.9% over the past year.

Return vs Market: MARALOVER underperformed the Indian Market which returned -29.2% over the past year.


Shareholder returns

MARALOVERIndustryMarket
7 Day-12.8%-2.3%-2.9%
30 Day-39.4%-28.6%-26.5%
90 Day-40.6%-25.5%-28.5%
1 Year-65.9%-65.9%-26.1%-26.7%-27.9%-29.3%
3 Year-78.9%-78.9%1.6%-0.9%-15.4%-20.0%
5 Year-68.3%-68.3%44.6%39.4%-3.3%-8.3%

Price Volatility Vs. Market

How volatile is Maral Overseas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Maral Overseas undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MARALOVER (₹8.85) is trading below our estimate of fair value (₹19.99)

Significantly Below Fair Value: MARALOVER is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MARALOVER is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: MARALOVER is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MARALOVER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MARALOVER is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

How is Maral Overseas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.0%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maral Overseas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Maral Overseas performed over the past 5 years?

-30.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MARALOVER is currently unprofitable.

Growing Profit Margin: MARALOVER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MARALOVER is unprofitable, and losses have increased over the past 5 years at a rate of -30.6% per year.

Accelerating Growth: Unable to compare MARALOVER's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MARALOVER is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).


Return on Equity

High ROE: MARALOVER has a negative Return on Equity (-1.56%), as it is currently unprofitable.


Next Steps

Financial Health

How is Maral Overseas's financial position?


Financial Position Analysis

Short Term Liabilities: MARALOVER's short term assets (₹2.3B) do not cover its short term liabilities (₹2.8B).

Long Term Liabilities: MARALOVER's short term assets (₹2.3B) exceed its long term liabilities (₹646.9M).


Debt to Equity History and Analysis

Debt Level: MARALOVER's debt to equity ratio (199.8%) is considered high.

Reducing Debt: MARALOVER's debt to equity ratio has increased from 149.7% to 199.8% over the past 5 years.


Balance Sheet

Inventory Level: MARALOVER has a high level of physical assets or inventory.

Debt Coverage by Assets: MARALOVER's debt is covered by short term assets (assets are 1.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MARALOVER has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: MARALOVER has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Maral Overseas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MARALOVER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MARALOVER's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MARALOVER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MARALOVER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MARALOVER's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Shekhar Agarwal (67yo)

no data

Tenure

₹23,017,000

Compensation

Mr. Shekhar Agarwal, B.Tech. (ME), M.Sc. serves as the Chairman, Chief Executive Officer and Managing Director at Bhilwara Technical Textiles Ltd. Mr. Agarwal has been Managing Director of Maral Overseas L ...


CEO Compensation Analysis

Compensation vs Market: Shekhar's total compensation ($USD305.37K) is above average for companies of similar size in the Indian market ($USD48.50K).

Compensation vs Earnings: Shekhar's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Shekhar Agarwal
MD, CEO & Executive Directorno data₹23.02m5.43% 19.3m
Atul Jain
Chief Financial Officer2.58yrs₹5.30mno data
Virendra Garg
Compliance Officer & Company Secretary2.33yrs₹1.11mno data
Mohit Maheshwari
Vice President of Marketing20.92yrsno datano data
Naveen Maheshwari
Senior Vice President of Noida Unit17.92yrsno datano data
Dinesh Mittal
President of Sarovar Unit1.67yrsno data0.0027% 9.4k
Y. Thakur
Vice President of Business Development5.92yrsno data0.000040% 142.3
Ashok Akade
Vice President of Spinning11.17yrsno datano data
Ramesh Jhunjhunwala
AVP of Finance & Accounts7.42yrsno data0.0027% 9.4k
Sunil Kara
Production Head1.17yrsno datano data

5.9yrs

Average Tenure

50.5yo

Average Age

Experienced Management: MARALOVER's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shekhar Agarwal
MD, CEO & Executive Directorno data₹23.02m5.43% 19.3m
Priya Dasgupta
Independent Non-Executive Director16.42yrs₹350.00kno data
Kamal Gupta
Independent Non-Executive Director28.67yrs₹650.00k0.0024% 8.6k
Lakshmi Jhunjhunwala
Chairman-Emeritusno datano datano data
Ravi Jhunjhunwala
Non-Executive Chairmanno data₹200.00kno data
Shantanu Agarwal
Non-Executive Director5.92yrs₹580.00k1.34% 4.8m
Archana Capoor
Independent Non-Executive Director4.33yrs₹250.00kno data

16.4yrs

Average Tenure

64yo

Average Age

Experienced Board: MARALOVER's board of directors are seasoned and experienced ( 16.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Maral Overseas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maral Overseas Limited
  • Ticker: MARALOVER
  • Exchange: NSEI
  • Founded: 1989
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹355.724m
  • Shares outstanding: 41.51m
  • Website: https://www.maraloverseas.com

Number of Employees


Location

  • Maral Overseas Limited
  • Bhilwara Towers
  • A-12 Sector-1
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
521018BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1994
MARALOVERNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1994

Biography

Maral Overseas Limited manufactures and sells cotton yarns, knitted fabrics, and garments in India and internationally. It operates in three segments: Yarn, Fabric, and Textile Made-Ups. The company’s products comprise cotton combed Ecru and dyed yarns; and special yarns, including bamboo/cotton, modal/cotton, soya/cotton, organic cotton, fairtrade certified cotton, long staple cotton/pima cotton, slub, core spun lycra, compact, contamination free, reverse and zero twist, and recycled cotton yarns used in various applications, such as circular and socks knitting, flat knits, towel weaving, denim and bottom weight fabrics, yarn dyeing, and sweaters. It also offers fabrics in various knits, such as single jersey, rib, interlock, piquet, fleece, French rib, pointelle, and autostriper/engineered stripe products; special fibers and yarns comprising bamboo and blends, soya and blends, organic cotton, fairtrade certified cotton, polyester, slub fabric, modal and blends, and tencel and blends; and special finishes. In addition, the company provides a range of garments consisting of active wear, casual wear, and sleep wear for men and ladies; and fairtrade garments for infants and kids. Its knitted products include T-shirts, polo shirts, rugby shirts, henley shirts, hooded shirts, jackets, sweatshirts, tank tops, camisoles, shorts, pyjamas, joggers, etc. for men and ladies. The company markets its products in the United States, Canada, Europe, Japan, Hong Kong, the Middle East, South Africa, and other countries. Maral Overseas Limited was incorporated in 1989 and is based in Noida, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 13:01
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.