Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 3 Sep - CARE reaffirmed Maral Overseas’ ratings: BB+ positive for Rs164.56 crore long-term and A4+ for Rs217.53 crore short-term facilities.
Source: Bse
Maral Overseas Limited (MARALOVER)
Small CapConsumer stocks · Small cap · NSE
Maral Overseas Limited operates in Textiles, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals13 Oct 2026 · screener
Latest result30 Jul, 10:37 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
47NeutralMACD − · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 54
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MARALOVERD candles · FIT view+30.4%Latest close ₹58.06 on 2026-10-19
Bar
+4.6%
RSI
50
MACD hist
-0.19
52W pos
69%
2026-10-19O ₹55.50H ₹61.35L ₹54.00C ₹58.06Vol 43,867 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MARALOVERNifty Consumer DurablesNifty 500
- MARALOVER
- +5.6%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- +11.1 pp
Chart stats
19 Oct 2026- From 52W high
- -15.7%
- 52W range position
- 69%
- ATR (14)
- 6.0%
- Volume vs 20D
- 3.52x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹54 - ₹64.8
₹68.9
₹34.1 - ₹68.9
₹3.5
Latest completed session
20-session average
42.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED25
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +16.7% · PAT NDF YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model-343.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence50
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +17% YoY · margin expansion
Filed 30 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹263.2 Cr | +16.7% | +1.9% |
| EBITDA | ₹16.7 Cr | +925.8% | -8.6% |
| Operating margin | 6.3% | +563 bps | -74 bps |
| PAT | ₹6 Cr | NDF | -55.1% |
| PAT margin | 2.3% | +784 bps | -288 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 10.50
- P/B
- 2.12
- EV/EBITDA
- 6.41
- Market Cap
- 235.00Cr
Profitability
- ROE
- 3.84%
- ROCE
- 7.57%
- ROA
- 3.19%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- -19.00%
- Revenue 3Y
- -1.00%
- EPS 3Y
- 31.00%
Balance Sheet
- Debt/Equity
- 3.37
- Interest Coverage
- 1.70×
- Altman Z
- 2.22
- Book Value
- 26.70
Cash Flow
- FCF Yield
- 35.32%
- FCF Positive Y
- 9/5
- OCF
- 90.00 Cr
- EPS TTM
- 5.26
Shareholding
- Promoter Hold
- 74.95%
- Promoter Pledge
- 48.00%
- Momentum 52W
- 65%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 981-6.3% vs prev
Net Profit
₹ CrLatest: 3.0+112.5% vs prev
Return on Equity
%Latest: 2.7+112.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term uptrend intact. RSI 50.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 50 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 16% off 52W high · 70% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
81
RS percentile
Stage 2 UptrendEstablished S2
1M return
-2.2%
3M return
+5.6%
6M return
+29.6%
1Y return
+23.6%
RS 1D
+2
RS 20D
+2
Sector rank
#9
Industry rank
#36
Stage evidence
- Price is 8.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.0%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
21 May 2026
S2 age
106 trading sessions
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 128.58+3.68%
RS vs Nifty 500129
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation11/30
Growth4/25
Quality0/20
Balance Sheet0/15
Cash Flow10/10
Piotroski
5/9 (+3)
Penalties
-3
Raw sum
25
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
25/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 35.3%.
- Cash flow contributes 10/10 to the score.
- Valuation contributes 11/30 to the score.
Main drags
- Promoter pledge is 48.0%.
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -343.4%.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
10.5
PB
2.1
EV/EBITDA
6.4
ROE
3.8%
ROCE
7.6%
FCF Yield
35.3%
Debt/Equity
3.4
MoS
-343.4%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 3.4, so downturn resilience matters.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
25
Previous: 25
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-343.4%
Previous: -343.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
26
26
26
26
26
26
26
26
26
26
25
25
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹56.21
-3.3% MoS
Growth-justified P/E
2.5
Growth-justified Value
₹13.1
-343.4% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SHIVATEX
Small
Shiva Texyarn Limited
Textiles
match 93
24
22.2
9.0%
-440%
OVERVALUED
TTL
Small
T T Limited
Textiles
match 92
14
383.0
-0.1%
-2576%
OVERVALUED
VARDMNPOLY
Small
Vardhman Polytex Limited
Textiles
match 91
35
30.9
—
+98%
WATCHLIST
RRIL
Small
RRIL Limited
Textiles
match 91
38
20.5
7.9%
+36%
WATCHLIST
ASHIMASYN
Small
Ashima Limited
Textiles
match 91
12
—
-7.4%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Maral Overseas Limited operates in Textiles, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
50Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 7th percentile of the scored universe and 9th percentile within Consumer. Main check: balance sheet trust is weak at 26/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
3 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
7th percentile
overall median 67 · Consumer: 9th pctile, median 66 · Small: 9th pctile, median 66
Evidence depth
Financial-only
3 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
43
weak · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
26
weak · leverage and solvency
Discipline
48
watch · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸FCF yield is 32.3%.
- ▸9 years of positive FCF.
Trust risks
- ▸Promoters have pledged 48% of holding.
- ▸Debt/equity is 3.37.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 1.7x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Maral Overseas Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportAug 2026
Aug 2026 · Intimation For Sending Letters To Those Members Whose E-Mail Addresses Are Not Registered With Company'S RTA Or Dps. The Said Letter Provides The Web Link/QR Code To Download Notice Convening The 37Th AGM And The Annual Report For The FY 2025-26 1 Aug - Maral Overseas announces 37th AGM on 25 August 2026 and shares annual report access details.
Source: Bse
Annual reportAug 2026
Aug 2026 · Notice Of 37Th Annual General Meeting (AGM) And Annual Report Of The Company For The Financial Year 2025-26 31 Jul - 37th AGM on 25 August 2026; FY2025-26 annual report filed.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Aug
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 1 Jul - CARE reaffirmed Maral Overseas’ ₹155.04 crore long-term BB+ rating with positive outlook; ₹217.53 crore short-term A4+ reaffirmed.
Source: Bse
AnnouncementMay 2026
May 2026 · Board Meeting Outcome for Outcome Of Board Meeting Held On 7Th May, 2026 7 May - On 7 May 2026, board approved FY26 audited results and 26% stake in Asawata Energy for 15 MW solar project.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 7 May - FY26 audited results approved; company to acquire 26% in Asawata Energy for 15 MW solar plant.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 7 May - Board approved FY26 audited results and 26% stake in Asawata Energy for 15 MW solar plant.
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 8 May - Extract of Audited Financial Results for the quarter and year ended 31st March 2026, Special Window for Transfer and Dematerialisation of Physical Securities and updation …
Source: Bse
AnnouncementMar 2026
Mar 2026 · Compliances-Reg.24(A)-Annual Secretarial Compliance 7 May - Maral Overseas filed its FY2025-26 Secretarial Compliance Report, reporting full compliance and no SEBI actions.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.