Monarch Networth Cap

₹522 -5.1 | 1%

WEBSITE BSE:511551 NSE : MONARCH 10 May, 16:01

Market Cap ₹1768 Cr.

Stock P/E 18.2

P/B 5.6

Current Price ₹522

Book Value ₹ 93.8

Face Value 10

52W High ₹690.3

Dividend Yield 0.19%

52W Low ₹ 198.9

Edit Ratio

Monarch Networth Cap Research see more...

Overview Inc. Year: 1993Industry: Finance - Stock Broking

Monarch Networth Capital Ltd, together with its subsidiaries, presents financial offerings to company, institutional, and retail customers in India. The employer operates thru 3 segments: Broking & other Finance Market Services, Non Banking Finance Business, and Insurance Business. Its products and services consist of trading of equity and derivatives, commodities, currency derivatives, IPO, and mutual funds; bonds and FDs; life and general coverage; and depository offerings. The business enterprise also offers merchant banking services comprising capital/fund raising and monetary advisory offerings, consisting of services for IPO/follow-on public provide/offer for sale/rights problem/takeover/ buyback, and so on. on most important board and SME platform of BSE/NSE; and private equity/venture capital funding/angel investing/QIBs, as well as equity raising via non-public placement. It operates thru a network of 65 branches, as well as 521 business associates in India with presence in 159 towns and 19 states. The company was previously referred to as Networth Stock Broking Ltd and modified its name to Monarch Networth Capital Ltd in December 2015. Monarch Networth Capital Ltd was incorporated in 1993 and is based totally in Ahmedabad, India.

Monarch Networth Cap Share Price

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Peer Comparison

Monarch Networth Cap Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	39	41	33	33	36	48	40	41	74	76
Other Income	3	0	4	3	1	4	-2	1	5	7
Total Income	42	41	37	36	38	51	37	42	78	83
Total Expenditure	23	21	20	19	19	30	29	20	25	26
Operating Profit	18	20	17	17	18	21	8	23	53	57
Interest	0	1	1	1	1	2	2	1	3	4
Depreciation	0	0	0	0	0	0	0	0	0	1
Exceptional Income / Expenses	0	0	0	0	0	-0	0	-0	-0	0
Profit Before Tax	18	20	16	16	17	19	6	21	50	53
Provision for Tax	4	5	4	3	5	5	2	4	13	14
Profit After Tax	14	15	12	12	12	14	4	17	37	39
Adjustments	0	0	0	0	-0	0	-0	0	0	-0
Profit After Adjustments	14	15	12	12	12	14	4	17	37	39
Adjusted Earnings Per Share	4.4	4.7	4	4	3.9	4.5	1.3	5	10.9	11.4

Monarch Networth Cap Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	23	38	57	51	65	88	70	65	102	144	156	231
Other Income	3	4	3	3	8	7	8	6	1	10	6	11
Total Income	26	42	60	53	73	95	78	70	103	155	162	240
Total Expenditure	25	33	43	42	50	66	59	58	60	79	97	100
Operating Profit	1	9	16	11	23	29	20	12	43	75	65	141
Interest	2	7	7	8	6	7	5	8	2	2	6	10
Depreciation	2	4	4	4	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	-0	-2	-0	-0	-1	-0	1	-0	-5	-0	-0	0
Profit Before Tax	-4	-4	5	-0	15	22	15	4	35	72	58	130
Provision for Tax	-1	-1	2	-1	2	3	2	1	10	18	15	33
Profit After Tax	-3	-2	4	0	12	19	13	2	24	54	43	97
Adjustments	0	0	0	0	-0	-0	-0	-0	-0	-0	-0	0
Profit After Adjustments	-3	-2	4	0	12	19	13	2	24	54	43	97
Adjusted Earnings Per Share	-3	-2.1	1.2	0.2	4.1	6.1	4.2	0.7	7.8	17.4	12.7	28.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	34%	12%	21%
Operating Profit CAGR	-13%	76%	18%	52%
PAT CAGR	-20%	178%	18%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	149%	104%	75%	41%
ROE Average	22%	29%	22%	14%
ROCE Average	31%	39%	30%	22%

Monarch Networth Cap Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	16	40	41	42	44	68	80	82	108	168	226
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	3	3	0	2	3	3	2
Other Non-Current Liabilities	-3	-3	-1	-0	-1	-3	-4	-4	0	1	1
Total Current Liabilities	116	108	108	107	171	129	149	379	297	475	382
Total Liabilities	128	145	148	148	218	197	225	460	408	646	611
Fixed Assets	9	12	7	4	3	3	3	4	5	5	8
Other Non-Current Assets	14	22	38	35	55	53	39	153	26	28	41
Total Current Assets	105	111	103	109	160	141	182	302	377	613	561
Total Assets	128	145	148	148	218	197	225	460	408	646	611

Monarch Networth Cap Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	9	11	16	22	10	15	39	31	152	33	91
Cash Flow from Operating Activities	-0	-11	11	15	53	36	3	264	-235	45	-21
Cash Flow from Investing Activities	1	12	0	-2	-29	-2	-19	-121	126	-0	-18
Cash Flow from Financing Activities	-2	3	-5	-12	-20	-9	8	-23	-10	14	-5
Net Cash Inflow / Outflow	-2	4	6	2	4	25	-8	121	-119	58	-43
Closing Cash & Cash Equivalent	7	16	22	24	14	39	31	152	33	91	48

Monarch Networth Cap Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-3.02	-2.08	1.21	0.16	4.1	6.08	4.2	0.72	7.84	17.41	12.69
CEPS(Rs)	-1.14	1.07	2.47	1.34	4.54	6.37	4.5	1.01	8.13	17.73	13.02
DPS(Rs)	0	0	0	0	0	0	0	0	1	1	1
Book NAV/Share(Rs)	13.73	18.24	13.66	13.82	14.57	22.03	25.83	26.44	34.73	52.35	65.8
Core EBITDA Margin(%)	-8.92	12.11	23.72	17.16	23.41	25.68	16.75	10.42	41.09	45.13	37.63
EBIT Margin(%)	-6.94	9.33	22.12	14.89	31.68	32.18	28.02	17.54	36.33	51.37	40.85
Pre Tax Margin(%)	-17.21	-10.07	9.5	-0.52	22.28	24.41	21.24	5.42	34.04	49.95	37.15
PAT Margin (%)	-14.68	-6.23	6.41	0.93	19.09	21.41	18.55	3.47	23.79	37.41	27.56
Cash Profit Margin (%)	-5.54	3.19	13.14	7.96	21.11	22.43	19.88	4.83	24.68	38.1	28.28
ROA(%)	-2.46	-1.72	2.49	0.32	6.8	9.09	6.19	0.66	5.61	10.26	6.84
ROE(%)	-19.82	-13.07	11.79	1.14	28.95	33.55	17.57	2.77	25.64	39.98	22.3
ROCE(%)	-5.22	7.1	18.32	9.21	25.86	38.62	20.64	11.36	36.26	50.09	30.79
Receivable days	1224.36	645.91	377.9	431.92	441.84	326.71	356.15	411.94	178.27	93.13	100.71
Inventory Days	1.34	23.8	38.25	69.93	62	26.72	16.59	17.03	9.75	21.71	37.34
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	23.97	174.71	10.97	9.86	8.4	23.47	8.04	11.06	15.28
Price/Book(x)	1.01	0.9	2.12	2.08	3.09	2.72	1.37	0.64	1.81	3.68	2.95
Dividend Yield(%)	0	0	0	0	0	0	0	0	1.59	0.52	0.52
EV/Net Sales(x)	0.96	0.88	1.62	2.34	1.78	1.51	0.59	-2.52	-1.1	0.77	1.69
EV/Core EBITDA(x)	43.14	3.74	5.61	10.58	5.04	4.55	2.12	-13.28	-2.62	1.48	4.07
Net Sales Growth(%)	-29	62.74	50.87	-10.41	28.09	35.12	-20.21	-7.78	57.69	41.2	7.92
EBIT Growth(%)	-178.43	318.76	257.68	-39.7	172.55	37.25	-30.51	-42.29	226.71	99.62	-14.19
PAT Growth(%)	-63.55	30.99	255.45	-87	2525.75	51.58	-30.86	-82.76	981.84	122.02	-20.5
EPS Growth(%)	-62.81	30.87	158.04	-86.42	2396.54	48.2	-30.84	-82.77	982.33	122.03	-27.12
Debt/Equity(x)	0.89	0.77	0.63	1.32	0.42	0.23	0.33	0.14	0.03	0.1	0.01
Current Ratio(x)	0.91	1.03	0.96	1.02	0.93	1.09	1.23	0.8	1.27	1.29	1.47
Quick Ratio(x)	0.9	0.98	0.89	0.9	0.88	1.07	1.2	0.79	1.26	1.26	1.43
Interest Cover(x)	-0.68	0.48	1.75	0.97	3.37	4.14	4.13	1.45	15.82	36.22	11.05
Total Debt/Mcap(x)	0.87	1.64	0.3	0.64	0.13	0.09	0.25	0.22	0.02	0.03	0

Monarch Networth Cap Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.09	55.2	55.26	55.26	55.26	50.66	51.55	52.37	55.86	55.92
FII	3.09	3.12	3.4	3.12	3.1	2.83	2.83	1.67	0.93	0.52
DII	0	0	0	0	0	0	0	0	0	0.15
Public	41.83	41.68	41.33	41.61	41.64	46.51	45.62	45.95	43.21	43.41
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.71	1.71	1.72	1.72	1.72	1.72	1.75	1.77	1.89	1.89
FII	0.1	0.1	0.11	0.1	0.1	0.1	0.1	0.06	0.03	0.02
DII	0	0	0	0	0	0	0	0	0	0.01
Public	1.3	1.29	1.28	1.29	1.29	1.58	1.55	1.56	1.46	1.47
Others	0	0	0	0	0	0	0	0	0	0
Total	3.1	3.1	3.1	3.1	3.1	3.39	3.39	3.39	3.39	3.39

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 29%
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 5.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.