Debut Plus

53.39

-2.81 -5.00%

17 Jul 2026

NSE Listed

ESM 1

Maral Overseas Ltd. (MARALOVER)

Volume: 5,240Avg Vol 1W: 7,368Avg Vol 1M: 7,926.5552W Range:34.1176.58
Market Cap₹233 Cr
Current Price₹53.39
Previous Close₹56.2
High / Low (52w)₹76.58 / ₹34.11
Volume5,240
Avg Vol (1W)7,368
Avg Vol (1M)7,926.55
Stock P/E17.51
Book Value₹26.68
Dividend Yield0%
ROE348.6%
ROA47.2%
Revenue (TTM)₹1,070 Cr
Revenue Growth
Profit Margin33.2%
Total Debt₹374 Cr
Shares Outstanding4 Cr
Face Value₹10
EPS (TTM)₹0.93
P/B2.1
Debt / Equity3.85
50 DMA₹55.46
200 DMA₹47.35
Day change-5.00%
SurveillanceESM 1 (as of 2026-07-13)
Price Chart
53.39 29.07% · 1Y
75359.4L
2025-07-17
2026-07-16

20-day avg volume: 8K shares

Pros
  • Healthy return on equity of 348.6%.
  • Company is almost debt-free.
Cons
  • Revenue fell 15% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹251 Cr₹271 Cr₹250 Cr₹275 Cr₹226 Cr₹250 Cr₹247 Cr₹258 Cr
EBITDA₹3 Cr₹2 Cr₹-3 Cr₹8 Cr₹-3 Cr₹6 Cr₹16 Cr₹20 Cr
Net Profit₹-6 Cr₹-7 Cr₹-11 Cr₹0 Cr₹-13 Cr₹-3 Cr₹5 Cr₹13 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹653 Cr₹772 Cr₹693 Cr₹640 Cr₹1,105 Cr₹1,041 Cr₹983 Cr₹1,070 Cr
EBITDA₹19 Cr₹30 Cr₹0 Cr₹37 Cr₹114 Cr₹5 Cr₹25 Cr₹11 Cr
Net Profit₹1 Cr₹8 Cr₹-15 Cr₹13 Cr₹67 Cr₹-16 Cr₹-10 Cr₹-24 Cr
EPS0.241.96-3.683.0216.14-3.84-2.35-5.83
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹454 Cr₹433 Cr₹442 Cr₹590 Cr₹633 Cr₹758 Cr₹732 Cr₹690 Cr
Total Liabilities₹353 Cr₹349 Cr₹344 Cr₹424 Cr₹492 Cr₹626 Cr₹623 Cr₹580 Cr
Equity₹101 Cr₹84 Cr₹98 Cr₹166 Cr₹141 Cr₹132 Cr₹109 Cr₹111 Cr
Total Debt₹374 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹39 Cr₹62 Cr₹18 Cr₹62 Cr₹74 Cr₹90 Cr
Investing₹-3 Cr₹-31 Cr₹-90 Cr₹-122 Cr₹-28 Cr₹-7 Cr
Financing₹-43 Cr₹-2 Cr₹76 Cr₹59 Cr₹-48 Cr₹-82 Cr
Free Cash Flow₹35 Cr₹32 Cr₹-73 Cr₹-63 Cr₹42 Cr₹75 Cr
Shareholding
Promoter 74.95% Institutions 0.08% Public 24.97%
About Maral Overseas Ltd.

Consumer Cyclical · Textile Manufacturing

Maral Overseas Limited manufactures and sell yarns, fabrics, and garments in India, North America, Europe, Gulf and the Middle East, the Far East and South East Asia, Africa, and internationally. The company offers melange, single, double, dyed, combed and carded cotton, polyester/cotton blended, multifold, viscose/birla viscose blends, modal/birla modal and blends, lyocell and blends, bamboo and blends, acrylic and blends, cotton/nylon blends, triblends, miyabi blended, giza, pima/supima, contamination free, BCI, organic cotton, recycle cotton and polyester, compact, slub, injected slub, core spun, eli and zero twist, reverse twist, P/C siro/mock twist, and synthetic and cellulosic blend yarns. Its yarn products are used in various applications, such as circular and socks knitting, flat knits, home furnishing, towel weaving, carpets and rugs, denims, industrial and bottom weight fabrics, suiting and shirts, yarn dyeing, and weaving. The company also provides cotton fabrics in various knits, such as single jersey, rib, interlock, piquet, French rib, pointelle, and autostriper/engineered stripe; honey combs, fleece, plaited and variegated structured, and feeder and engineered stripe fabrics; spandex fabrics in various knits, including single jersey, rib, interlock, piquet, and fleece; special fibers and yarns comprising bamboo and blends, soya and blends, organic cotton, fairtrade certified cotton, polyester, slub fabric, modal/birla modal and blends, and lyocell and blends; and special finishes. In addition, it offers a range of garments consisting of active and casual wear, and sleepwear for men and ladies; fair trade garments and soft toys for infants and kids; and various home accessories. Maral Overseas Limited was incorporated in 1989 and is headquartered in Noida, India.

www.maraloverseas.com
Efficiency & Working Capital
ROCE7%
Interest Coverage0.3
Dividend Payout
Debtor Days48 d
Inventory Days47 d
Payable Days22 d
Cash Conversion Cycle73 d
Working Capital Days96 d
Shareholding Details

As of 2026-06-30

Promoter74.9%
FII0.1%
DII0%
Institutions0.1%
Public25%
Promoter Pledge48%
No. of Shareholders16,502
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters74.9%74.9%74.9%74.9%74.9%74.9%74.9%74.9%74.9%74.9%74.9%74.9%
FIIs0.2%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public24.9%25%24.9%25%25%24.9%25%25%25%25%25%25%
Promoter Pledge48%48%48%48%48%48%48%48%48%48%48%48%
No. of Shareholders17,32017,36918,50718,02017,65017,08316,90416,80017,04816,91716,64016,502
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Agarwal Trademart Private LimitedShareholding of Promoter and Promoter Group47.6%1.98 Cr
Agarwal Finestate Private LimitedShareholding of Promoter and Promoter Group17.8%73,96,056
Diplomat Leasing And Finance Private LimitedShareholding of Promoter and Promoter Group2.7%11,35,500
Smt. Shashi AgarwalShareholding of Promoter and Promoter Group2.5%10,37,600
Shri Shekhar AgarwalShareholding of Promoter and Promoter Group1.8%7,55,573
Ajay UpadhyayaPublic Shareholding1.7%7,21,500
Inter Globe Capital Market Private LimitedPublic Shareholding1.6%6,48,681
Shri Shantanu AgarwalShareholding of Promoter and Promoter Group1.3%5,54,500
Biz Secure Labs Private LimitedPublic Shareholding1%4,21,035
Shekhar Agarwal Huf (karta Shri Shekhar Agarwal)Shareholding of Promoter and Promoter Group1%4,03,800
Smt. Shuchi PoddarShareholding of Promoter and Promoter Group0.1%56,100
Shekhar Agarwal-trust (trustee Shri Shekhar Agarwal)Shareholding of Promoter and Promoter Group0%2,750
Shantanu Agarwal Huf (karta: Shri Shantanu Agarwal)Shareholding of Promoter and Promoter Group0%2,750
Smt. Alka AgarwalShareholding of Promoter and Promoter Group0%4,200
John Govett& Co.limitedPublic Shareholding0%3,300
Morgan Stanleyasset Management Inc.Public Shareholding0%700
Robert Flemming Nominees Ltd.Public Shareholding0%500
Taib Banksub A/c The Everest FundPublic Shareholding0%500
Sssa Family Private Limited (trustee Of Shekhar Agarwal Family Pvt. Trust)Shareholding of Promoter and Promoter Group0%100
Sssa Family Private Limited (trustee Of Shuchi Agarwal Family Pvt. Trust)Shareholding of Promoter and Promoter Group0%100
Sssa Family Private Limited (trustee Of Shashi Agarwal Family Pvt. Trust)Shareholding of Promoter and Promoter Group0%100
Sssa Family Private Limited (trustee Of Shantanu Agarwal Family Pvt. Trust)Shareholding of Promoter and Promoter Group0%100
Agf Funds Inc.Public Shareholding0%300
Atm Investment CorporationPublic Shareholding0%200
Fidelity InvestmenttrustPublic Shareholding0%500
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shri Shekhar Agarwal7,55,573100%2026-06-30
Smt. Shashi Agarwal00%2026-06-30
Shri Shantanu Agarwal00%2026-06-30
Smt. Shuchi Poddar00%2026-06-30
Shekhar Agarwal Huf (karta Shri Shekhar Agarwal)4,03,800100%2026-06-30
Shekhar Agarwal-trust (trustee Shri Shekhar Agarwal)00%2026-06-30
Shantanu Agarwal Huf (karta: Shri Shantanu Agarwal)00%2026-06-30
Smt. Alka Agarwal00%2026-06-30
Agarwal Trademart Private Limited1.38 Cr69.8%2026-06-30
Diplomat Leasing And Finance Private Limited00%2026-06-30
Agarwal Finestate Private Limited00%2026-06-30
Sssa Family Private Limited (trustee Of Shekhar Agarwal Family Pvt. Trust)00%2026-06-30
Board of Directors
NameDesignationYear
Shekar AgarwalCMD & Executive Director2025
Ravi JhunjhunwalaNon Executive Director2025
SHANTANU AGARWALED / Joint MD / Promoter2025
Archana CapoorIndependent Non Exe. Director2025
AMITABH GUPTAIndependent Non Exe. Director2025
Romi JattaIndependent Non Exe. Director2025
Raman SidhuIndependent Non Exe. Director2025
Mr. Sandeep SinghCompany Sec. & Compli. Officer2025
Suman Jyoti KhaitanAdditional Director2025
Segments — Product
SegmentRevenueShare
Yarn₹542 Cr51.8%
Fabric₹271 Cr25.8%
Textile Made-Ups₹234 Cr22.4%
Segments — Geography
RegionRevenueShare
India₹583 Cr55.7%
North America₹41 Cr4%
Europe₹135 Cr12.9%
Gulf & Middle east₹4 Cr0.4%
Far East & South east Asia₹192 Cr18.4%
Africa₹90 Cr8.6%
Rest of the world₹1 Cr0.1%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10444242
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500054651
202500001111
2025000011
Insider / Designated-Person Trades

4 recent disclosure(s)

SSSA Family Private Limited Being Trustee of Shantanu Agarwal Family Private TrustAcquisition · 100
SSSA Family Private Limited Being Trustee of Shuchi Agarwal Family Private TrustAcquisition · 100
SSSA Family Private Limited Being Trustee of Shekhar Agarwal Family Private TrustAcquisition · 100
SSSA Family Private Limited Being Trustee of Shashi Agarwal Family Private TrustAcquisition · 100
Substantial Acquisitions (SAST)

14 disclosure(s)

Market27/09/2023 · 100
Market27/09/2023 · 100
Market27/09/2023 · 100
Market27/09/2023 · 100
Market27/09/2023 · 100
Market27/09/2023 · 100
Company Information
Incorporated1989
ChairmanShekar Agarwal
AuditorS S Kothari Mehta & Co LLP
Investor Email[email protected]
🌐 www.Injbhilwara.com

📍 Maral Sarovar V&PO Khalbujurg, Kasrawad Tehsil, Khargone, Madhya Pradesh, 451660

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