MARALOVER

Maral Overseas Limited

Vertically integrated textile manufacturer producing yarn, fabric, and garments

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

maraloverseas.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹56.58
Market cap
235 Cr
Stock P/E
10.8
P/B
2.12
Dividend yield
3.5%
ROE (FY26)
2.9%
ROCE (FY26)
8.5%
Operating margin (FY26)
1.6%
Debt / equity (FY26)
3.08
OCF / EBITDA (FY26)
185.0%
OCF / EBITDA (3Y)
211.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Maral Overseas makes textile yarn, fabric and garments, reporting them as three segments, with its registered office and works at Maral Sarovar in Khargone district, Madhya Pradesh.

Company snapshot

58thBy market cap

Ranked among 100 companies in Other Textile Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 66.8% of revenue

SegmentRevenue shareRevenuePBTAssets
FABRIC
31.2%
241 Cr9 Cr—
GARMENT
23.0%
178 Cr-16 Cr—
YARN
66.8%
516 Cr12 Cr—

Shares add up to 121% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓211% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 0.3% — little room for error if costs rise.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales245 Cr228 Cr260 Cr251 Cr271 Cr250 Cr275 Cr225 Cr250 Cr247 Cr258 Cr263 Cr
Operating expenses (approx.)233 Cr214 Cr247 Cr247 Cr264 Cr249 Cr264 Cr224 Cr241 Cr228 Cr240 Cr246 Cr
EBITDA12 Cr14 Cr13 Cr4 Cr7 Cr1 Cr10 Cr2 Cr9 Cr19 Cr18 Cr17 Cr
OPM %5.0%6.1%5.0%1.4%2.7%0.5%3.8%0.7%3.6%7.8%7.1%6.4%
Other income4 Cr5 Cr11 Cr8 Cr3 Cr5 Cr7 Cr5 Cr5 Cr4 Cr10 Cr6 Cr
Interest9 Cr9 Cr8 Cr9 Cr10 Cr9 Cr9 Cr10 Cr9 Cr9 Cr9 Cr9 Cr
Depreciation9 Cr9 Cr9 Cr9 Cr8 Cr8 Cr9 Cr9 Cr8 Cr8 Cr8 Cr8 Cr
Profit before tax-2 Cr0.65 Cr8 Cr-6 Cr-7 Cr-11 Cr-0.43 Cr-13 Cr-3 Cr6 Cr11 Cr5 Cr
Tax %-23.8%-63.1%23.5%0.3%5.2%7.3%46.5%1.4%11.3%6.5%-18.6%-12.3%
Net profit-2 Cr1 Cr6 Cr-6 Cr-7 Cr-11 Cr-0.23 Cr-13 Cr-3 Cr5 Cr13 Cr6 Cr
EPS (₹)₹-0.55₹0.26₹1.42₹-1.55₹-1.68₹-2.54₹-0.06₹-3.03₹-0.67₹1.28₹3.21₹1.44

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales667 Cr641 Cr757 Cr676 Cr632 Cr1,082 Cr1,026 Cr960 Cr1,047 Cr981 CrSign in free for the trailing twelve months
Operating expenses (approx.)621 Cr615 Cr721 Cr668 Cr578 Cr965 Cr1,006 Cr923 Cr1,024 Cr932 CrSign in free for the trailing twelve months
EBITDA46 Cr25 Cr36 Cr8 Cr54 Cr117 Cr19 Cr37 Cr23 Cr48 CrSign in free for the trailing twelve months
OPM %6.8%4.0%4.8%1.1%8.5%10.8%1.9%3.8%2.2%4.9%Sign in free for the trailing twelve months
Other income15 Cr12 Cr15 Cr17 Cr8 Cr22 Cr15 Cr23 Cr23 Cr23 CrSign in free for the trailing twelve months
Interest18 Cr19 Cr17 Cr16 Cr17 Cr21 Cr23 Cr34 Cr37 Cr37 CrSign in free for the trailing twelve months
Depreciation23 Cr18 Cr20 Cr24 Cr24 Cr26 Cr30 Cr34 Cr34 Cr33 CrSign in free for the trailing twelve months
Profit before tax21 Cr0.60 Cr13 Cr-15 Cr21 Cr92 Cr-18 Cr-8 Cr-26 Cr1 CrSign in free for the trailing twelve months
Tax %32.6%-65.2%39.1%0.0%40.0%27.6%13.2%-15.3%5.6%-224.2%Sign in free for the trailing twelve months
Net profit14 Cr0.99 Cr8 Cr-15 Cr13 Cr67 Cr-16 Cr-10 Cr-24 Cr3 CrSign in free for the trailing twelve months
EPS (₹)₹3.33₹0.24₹1.96₹-3.68₹3.02₹16.14₹-3.84₹-2.35₹-5.83₹0.79Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%———0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital42 Cr42 Cr42 Cr42 Cr42 Cr42 Cr42 Cr42 Cr42 Cr42 Cr
Reserves53 Cr52 Cr59 Cr42 Cr56 Cr124 Cr99 Cr90 Cr67 Cr69 Cr
Borrowings192 Cr178 Cr225 Cr200 Cr175 Cr217 Cr329 Cr424 Cr416 Cr341 Cr
Other liabilities136 Cr131 Cr129 Cr149 Cr169 Cr207 Cr163 Cr202 Cr208 Cr238 Cr
Total liabilities422 Cr403 Cr454 Cr433 Cr442 Cr590 Cr633 Cr758 Cr732 Cr690 Cr
Fixed assets (net)158 Cr154 Cr185 Cr179 Cr158 Cr173 Cr201 Cr345 Cr336 Cr307 Cr
CWIP3 Cr13 Cr3 Cr0.01 Cr2 Cr3 Cr41 Cr9 Cr1 Cr0.04 Cr
Investments0.62 Cr0.50 Cr0.49 Cr0.30 Cr0.55 Cr0.75 Cr0.79 Cr1 Cr1 Cr1 Cr
Loans & advances——0.53 Cr0.50 Cr0.68 Cr0.64 Cr0.90 Cr1 Cr0.72 Cr0.85 Cr
Inventories151 Cr108 Cr109 Cr98 Cr100 Cr201 Cr180 Cr164 Cr136 Cr133 Cr
Trade receivables81 Cr82 Cr96 Cr75 Cr98 Cr109 Cr99 Cr121 Cr139 Cr127 Cr
Cash & bank0.95 Cr2 Cr4 Cr8 Cr0.34 Cr1 Cr3 Cr0.58 Cr0.22 Cr1 Cr
Other assets27 Cr43 Cr55 Cr71 Cr83 Cr101 Cr107 Cr116 Cr118 Cr120 Cr
Total assets422 Cr403 Cr454 Cr433 Cr442 Cr590 Cr633 Cr758 Cr732 Cr690 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity44 Cr68 Cr31 Cr56 Cr38 Cr34 Cr16 Cr63 Cr76 Cr90 Cr
Cash from investing-22 Cr-26 Cr-39 Cr-11 Cr-2 Cr-31 Cr-90 Cr-123 Cr-28 Cr-7 Cr
Cash from financing-24 Cr-41 Cr11 Cr-42 Cr-43 Cr-2 Cr76 Cr59 Cr-48 Cr-82 Cr
Net cash flow-2 Cr0.77 Cr3 Cr4 Cr-8 Cr0.69 Cr2 Cr-2 Cr-0.36 Cr0.82 Cr
Free cash flow (OCF − Capex)21 Cr41 Cr-9 Cr42 Cr34 Cr4 Cr-76 Cr-62 Cr44 Cr75 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.4%7.1%9.3%0.1%13.7%29.7%1.0%4.6%2.1%8.5%
ROE %14.7%1.1%8.1%-18.2%12.8%40.4%-11.3%-7.4%-22.2%2.9%
Debtor days44474641563735464847
Inventory days137928083941031021007682
Days payable38374349575730223645
Cash conversion cycle143101847593831081248885
OCF / EBITDA %95.4%266.8%85.3%n.m.71.1%29.0%n.m.170.2%n.m.185.0%
OCF / EBITDA % (3 years)——132.6%224.9%129.0%72.1%46.1%64.7%n.m.211.5%
Debt / equity2.041.902.242.381.791.312.333.233.823.08
Current ratio1.020.820.850.811.001.261.070.980.900.93
Net debt / EBITDA4.186.986.1325.533.261.8416.7811.5018.347.03