Marathon Nextgen Realty (NSE:MARATHON) Altman Z-Score: 4.76 (As of Jul. 17, 2026) — 103% Above Median

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NSE:MARATHON Marathon Nextgen Realty Ltd NSE:MARATHON
77 GF Score
Price ₹396.10
GF Value ₹310.07
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Marathon Nextgen Realty Altman Z-Score?

Marathon Nextgen Realty NSE:MARATHON -0.05% 77 Altman Z-Score is 4.76 as of Jul. 17, 2026, which is 103% above its 10-year median of 2.34. GuruFocus rates NSE:MARATHON with a GF Score™ of 77/100 and a GF Value™ of ₹310.07 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,730 Real Estate companies, Marathon Nextgen Realty ranks better than 89.94% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 4.76 is strong.

Marathon Nextgen Realty has a Altman Z-Score of 4.76, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Marathon Nextgen Realty's Altman Z-Score or its related term are showing as below:

NSE:MARATHON' s Altman Z-Score Range Over the Past 10 Years
Min: 0.85   Med: 2.34   Max: 24.78
Current: 4.76

During the past 13 years, Marathon Nextgen Realty's highest Altman Z-Score was 24.78. The lowest was 0.85. And the median was 2.34.


Marathon Nextgen Realty  (NSE:MARATHON) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Marathon Nextgen Realty Altman Z-Score Related Terms


Marathon Nextgen Realty Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Marathon Nextgen Realty's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marathon Nextgen Realty Altman Z-Score Chart

Marathon Nextgen Realty Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.96 2.72 3.40 4.62

Marathon Nextgen Realty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.40 4.58 7.45 7.04 4.62

Marathon Nextgen Realty Altman Z-Score Competitor Comparison

For the Real Estate - Development subindustry, Marathon Nextgen Realty's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marathon Nextgen Realty Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Marathon Nextgen Realty's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Marathon Nextgen Realty's Altman Z-Score falls into.


NSE:MARATHON
77GF Score
Marathon Nextgen Realty Ltd NSE:MARATHON
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Marathon Nextgen Realty Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Marathon Nextgen Realty's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.4708+1.4*0+3.3*0.0947+0.6*6.1657+1.0*0.1798
=4.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹27,596 Mil.
Total Current Assets was ₹16,354 Mil.
Total Current Liabilities was ₹3,361 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 625.231 + 381.811 + 777.696 + 684.398 = ₹2,469 Mil.
Interest Expense was -2.607 + -0.915 + -20.713 + -121.062 = ₹-145 Mil.
Revenue was 1135.463 + 1249.025 + 1168.521 + 1408.147 = ₹4,961 Mil.
Market Cap (Today) was ₹26,506 Mil.
Total Liabilities was ₹4,299 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(16354.001 - 3360.957)/27596.278
=0.4708

X2=Retained Earnings/Total Assets
=0/27596.278
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2469.136 - -145.297)/27596.278
=0.0947

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=26505.709/4298.872
=6.1657

X5=Revenue/Total Assets
=4961.156/27596.278
=0.1798

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Marathon Nextgen Realty has a Altman Z-Score of 4.76 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 4.76 mean?
Marathon Nextgen Realty (NSE:MARATHON) has a Altman Z-Score of 4.76 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Marathon Nextgen Realty and its competitors. This is 103% above median its historical median of 2.34. Over the past decade, Marathon Nextgen Realty's Altman Z-Score has ranged from 0.85 to 24.78. According to the industry distribution chart, Marathon Nextgen Realty ranks #174 out of 1730 companies in the Real Estate industry, placing it in the top 10.1%.
Is Marathon Nextgen Realty's Altman Z-Score too high?
Marathon Nextgen Realty's current Altman Z-Score of 4.76 is 103% above median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 24.78. The Real Estate industry median Altman Z-Score is 1.32. Marathon Nextgen Realty's value of 4.76 is 262% above this industry median. Based on the distribution chart, Marathon Nextgen Realty ranks #174 out of 1730 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Marathon Nextgen Realty has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Nextgen Realty's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Marathon Nextgen Realty ranks #174 out of 1730 companies for Altman Z-Score. This places Marathon Nextgen Realty in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.32. Marathon Nextgen Realty's value of 4.76 is 262% above this benchmark. Historically, Marathon Nextgen Realty's own Altman Z-Score has ranged from 0.85 to 24.78 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 1.32, Marathon Nextgen Realty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.32, based on 1,730 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Nextgen Realty's current Altman Z-Score of 4.76 is 262% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Marathon Nextgen Realty and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Nextgen Realty's current Altman Z-Score is 4.76, which is 103% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marathon Nextgen Realty stock overvalued right now?
Based on GuruFocus' analysis, Marathon Nextgen Realty (NSE:MARATHON) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹310.07, compared to a current price of ₹396.10 — trading 27.7% above its estimated fair value. The current Altman Z-Score is 4.76, which is 103% above median its 10-year median of 2.34 and 262% above the Real Estate industry median of 1.32. Marathon Nextgen Realty's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Marathon Nextgen Realty (NSE:MARATHON), the current Altman Z-Score is 4.76 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marathon Nextgen Realty (NSE:MARATHON) Overvalued in 2026?

Based on GuruFocus' analysis, Marathon Nextgen Realty stock appears to be overvalued. The current stock price of ₹396.10 is trading 27.7% above its estimated GF Value™ of ₹310.07. GuruFocus considers Marathon Nextgen Realty to be Modestly Overvalued.

Key valuation signals for NSE:MARATHON:

  • Altman Z-Score: 4.76 (103% above median its 10-year median of 2.34)
  • GF Value™: ₹310.07 vs. price of ₹396.10 (27.7% above fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 262% above the Real Estate median (#174 of 1730)

No single metric tells the full story. See the NSE:MARATHON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marathon Nextgen Realty Business Description

Other Exchanges 503101:India
Address Mulund-Goregaon Link Road, 702, Marathon MAX, Mulund (West), Mumbai, MH, IND, 400 013
Marathon Nextgen Realty Ltd operates in the real estate sector, focusing on residential and commercial property development in the Mumbai Metropolitan Region. It engages in the development and sale of residential housing projects and commercial office spaces. The company generates revenue through property sales and lease rentals, with some commercial properties leased to reputed brands under long-term agreements. Marathon Nextgen Realty is part of the larger Marathon Group, which has a prominent land bank and project pipeline across Mumbai. The company also pursues strategic amalgamations and project consolidations to enhance operational efficiency and growth opportunities.
77GF Score

Get the complete analysis for NSE:MARATHON

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹396.10
Price
₹310.07
GF Value