Monarch Networth Capital Ltd.

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mnclgroup.comBSE: 511551NSE: MONARCH

Market Cap₹ 2,942 Cr.

Current Price

High / Low₹ 407 / 235

Stock P/E16.2

Book Value₹ 128

Price to Book3.30

Dividend Yield0.27 %

ROCE33.3 %

ROE26.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Broking: 97.5% • Non Banking financial business: 2.0% • Insurance business: 0.5%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 131.4% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 38.7%
Solid return on assets for a lender - ROA of 13.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 31.1%
Asset quality is healthy - gross NPA of just 0.0%

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Promoter holding has decreased over last 2 years: -2.1pp
Free cash flow has been persistently negative
Recurring exceptional / one-off items are inflating headline profit
Thin net interest margin of 0.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Stock Broking

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MCX	3340.05	55.24	85168.55	0.24	413.44	103.47	702.00	88.10	48.10	70.40
2.	MOTILALOFS	1023.00	31.12	61617.67	0.59	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1096.25	35.40	44679.26	1.09	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1784.20	30.39	32909.41	1.56	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	299.40	26.52	27366.25	1.35	2313.98	1921.51	14296.91	1153.53	14.87	33.92
6.	CHOICEIN	749.85	70.28	16704.90	0.00	60.61	26.37	309.79	32.46	19.43	33.83
7.	IIFLCAPS	337.65	18.67	10642.01	0.89	184.16	4.92	631.48	3.13	23.27	35.76
8.	SHAREINDIA	189.75	11.42	4152.21	0.84	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	505.70	24.57	3189.27	0.99	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	370.95	16.24	2941.94	0.27	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	80.02	30.80	2233.54	1.87	19.83	-30.83	160.40	7.46	9.35	20.55
12.	ALGOQUANT	63.80	39.47	1793.39	0.00	164.80	3610.04	778.70	1328.81	33.57	33.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	42	78	83	75	85	104	77	61	98	83	91	100	91
	20	25	26	30	28	38	21	23	35	19	28	32	35
Operating Profit	22	53	57	45	57	66	55	38	63	64	64	68	55
OPM %	53.10%	68.18%	68.95%	59.91%	67.40%	63.45%	72.17%	62.65%	63.87%	76.72%	69.73%	67.95%	60.99%
	1	0	0	1	0	0	0	1	0	0	1	-0	0
Interest	1	3	4	5	5	6	3	2	2	1	2	2	2
Depreciation	0	0	0	1	1	3	2	2	2	2	2	2	2
Profit before Tax	21	50	53	40	51	57	50	35	60	61	61	63	56
Tax %	19.01%	26.61%	26.68%	23.76%	21.91%	22.26%	19.14%	28.78%	23.96%	26.04%	25.10%	28.12%	18.73%
Net Profit	0	0	0	0	40	44	41	25	45	45	45	46	45
	5.03	5.47	5.69	4.51	5.91	6.13	5.16	3.15	5.76	5.67	5.73	5.75	5.70

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	51	65	88	70	65	102	144	156	278	327	365
	42	50	66	59	58	60	79	97	100	110	114
Operating Profit	9	15	23	12	7	42	65	59	178	217	251
OPM %	17.16%	23.41%	25.68%	16.75%	10.42%	41.09%	45.13%	37.75%	63.96%	66.32%	68.66%
	2	7	7	9	6	-4	10	6	1	1	1
Interest	8	6	7	5	8	2	2	6	13	18	7
Depreciation	4	1	1	1	1	1	1	1	2	8	8
Profit before Tax	-0	15	22	15	4	35	72	58	164	193	240
Tax %	277.91%	14.31%	12.29%	12.64%	36.04%	30.10%	25.10%	25.81%	24.96%	22.53%	24.66%
Net Profit	0	12	19	13	2	24	54	43	123	149	181
EPS	0.00	0.00	0.00	0.00	0.72	8.29	16.99	12.69	36.36	19.02	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	12.75%	5.74%	7.88%	2.75%	5.26%	—

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 38%
3 Years:: 31%

COMPOUNDED PROFIT GROWTH

10 Years:: 45%
5 Years:: 131%
3 Years:: 40%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 29%
1 Year:: 14%

RETURN ON EQUITY

10 Years:: 24%
5 Years:: 32%
3 Years:: 31%
Last Year:: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	30	30	31	31	31	31	31	34	34	78
	12	14	37	49	51	77	132	185	304	706
	59	18	16	26	11	3	17	3	163	88
Trade Payables	47	148	93	105	353	277	413	325	289	335
	1	7	20	13	14	20	54	60	17	27
Total Liabilities	148	218	197	225	460	408	646	607	807	1,235
	4	3	3	3	4	5	5	8	13	21
	3	3	2	2	1	8	11	21	27	120
	12	10	3	3	3	3	14	17	0	0
	0	0	0	0	0	0	0	0	72	60
Cash & Bank	23	38	69	94	228	312	503	396	67	610
	105	164	121	122	224	81	112	165	628	424
Total Assets	148	218	197	225	460	408	646	607	807	1,235

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	14	54	38	9	266	-232	63	-4	-108	30
Cash from Investing	-2	-29	-2	-19	-121	126	-0	-18	16	-87
Cash from Financing	-12	-20	-9	8	-23	-10	14	-5	94	171
	2	4	25	-8	121	-119	58	-43	1	114

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.92	52.79	52.79	52.79	52.88	52.86	53.41	53.86	53.83
	0.13	1.66	1.55	1.36	1.74	1.78	1.44	1.47	2.77
	0.00	0.85	0.80	0.83	0.82	0.26	0.15	0.15	0.15
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	43.94	44.71	44.86	45.02	44.55	45.11	45.01	44.52	43.25

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Monarch Networth Capital Limited has informed the Exchange about Copy of Newspaper Publication for Notice of 33rd Annual General Meeting of the Company.

2026-09-03

General Updates

2026-09-03 - Monarch Networth Capital Limited has informed the Exchange about General Updates - Web-Link To Notice of 33Rd Annual General Meeting ("AGM") of Monarch Networth Capital Limited and Annual Report for The Financial Year 2025-26.

2026-09-02

Shareholders meeting

2026-09-02 - Monarch Networth Capital Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Monarch Networth Capital Limited has informed the Exchange about Copy of Newspaper Publication for Unaudited financial results for quarter ended 30th June, 2026.

2026-08-11

Record Date

2026-08-11 - Monarch Networth Capital Limited has informed the Exchange that Record date for the purpose of Dividend is 21-Aug-2026.

2026-08-10

General Updates

2026-08-10 - Monarch Networth Capital Limited has informed the Exchange about Clarification regarding typographical error in Consolidated Financial Results submittedto the Stock Exchanges.

2026-08-10

Outcome of Board Meeting

2026-08-10 - Monarch Networth Capital Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-28

Spurt in Volume

2026-07-28 - Significant increase in volume has been observed in Monarch Networth Capital Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Monarch Networth Capital Limited has submitted their response.

2026-07-27

Spurt in Volume

2026-07-27 - Significant increase in volume has been observed in Monarch Networth Capital Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

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