Maral Overseas Limited manufactures and sells cotton yarns, knitted fabrics, and garments in India and internationally.
Fair value with imperfect balance sheet.
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.
7 Day Return
1 Year Return
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.
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
1 week ago | Simply Wall StIs Maral Overseas Limited's (NSE:MARALOVER) CEO Being Overpaid?
1 month ago | Simply Wall StIf You Had Bought Maral Overseas (NSE:MARALOVER) Stock Three Years Ago, You'd Be Sitting On A 62% Loss, Today
2 months ago | Simply Wall StIs Maral Overseas (NSE:MARALOVER) A Risky Investment?
Is Maral Overseas undervalued compared to its fair value and its price relative to the market?
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).
How is Maral Overseas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Maral Overseas is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Maral Overseas competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Maral Overseas performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shekhar Agarwal (67yo)
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.
|MD, CEO & Executive Director||no data||₹23.02m||5.43% ₹19.3m|
|Chief Financial Officer||2.58yrs||₹5.30m||no data|
|Compliance Officer & Company Secretary||2.33yrs||₹1.11m||no data|
|Vice President of Marketing||20.92yrs||no data||no data|
|Senior Vice President of Noida Unit||17.92yrs||no data||no data|
|President of Sarovar Unit||1.67yrs||no data||0.0027% ₹9.4k|
|Vice President of Business Development||5.92yrs||no data||0.000040% ₹142.3|
|Vice President of Spinning||11.17yrs||no data||no data|
|AVP of Finance & Accounts||7.42yrs||no data||0.0027% ₹9.4k|
|Production Head||1.17yrs||no data||no data|
Experienced Management: MARALOVER's management team is seasoned and experienced (5.9 years average tenure).
|MD, CEO & Executive Director||no data||₹23.02m||5.43% ₹19.3m|
|Independent Non-Executive Director||16.42yrs||₹350.00k||no data|
|Independent Non-Executive Director||28.67yrs||₹650.00k||0.0024% ₹8.6k|
|Chairman-Emeritus||no data||no data||no data|
|Non-Executive Chairman||no data||₹200.00k||no data|
|Non-Executive Director||5.92yrs||₹580.00k||1.34% ₹4.8m|
|Independent Non-Executive Director||4.33yrs||₹250.00k||no data|
Experienced Board: MARALOVER's board of directors are seasoned and experienced ( 16.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Maral Overseas Limited's company bio, employee growth, exchange listings and data sources
- 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
- Maral Overseas Limited
- Bhilwara Towers
- A-12 Sector-1
- Uttar Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|521018||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Aug 1994|
|MARALOVER||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Aug 1994|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 13:01|
|End of Day Share Price||2020/03/27 00:00|
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.