Monte Carlo Fashions Ltd.

547.851.17%

2026-08-21

montecarlocorporate.comBSE: 538836NSE: MONTECARLO
Market Cap₹ 1,129 Cr.
Current Price₹ 542
High / Low₹ 861 / 464
Stock P/E10.8
Book Value₹ 426
Price to Book1.31
Dividend Yield3.67 %
ROCE15.3 %
ROE10.0 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Outside India: 100.0%

PROS

  • Company has consistently been profitable over the last 5 years
  • Company has been maintaining a healthy dividend payout of 51.1%
  • Company has a consistent dividend-paying track record
  • Company generates healthy free cash flow
  • Offers a healthy dividend yield of 3.7%
  • Company maintains a comfortable, low leverage position

CONS

  • A large part of profit comes from other income (30.9% of PBT)
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.54x)
  • Operating margins have contracted to 12.6% from 18.2%
  • Total debt has risen sharply - up 32.2% year on year

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.PAGEIND35400.000.0039484.711.55192.81-3.981420.457.8973.6020.35
2.KPRMILL1122.4542.0538366.910.45258.5421.551935.5214.7720.1619.37
3.VTL594.7520.3017216.570.84314.5651.462703.0813.3111.3118.11
4.WELSPUNLIV181.2561.6817123.640.06162.6182.092795.4523.6615.0411.53
5.ARVIND518.1534.0414095.790.8757.775.612500.9624.6513.989.64
6.MANYAVAR542.7532.7313187.641.4366.9037.31267.9522.7433.9245.53
7.PGIL2410.9535.8811136.310.6099.2351.371528.2624.4622.4210.72
8.SWANCORP302.2542.389474.230.05-35.99-233.331013.75-16.444.50-0.38
9.ICIL444.1558.308796.580.3463.2267.281206.9625.898.7311.88
10.GARFIBRES759.8535.327419.811.1864.6021.56482.3731.3520.9818.70
11.KUSUMGAR565.7060.485939.360.00426.472472.4726.1530.50
12.MONTECARLO544.6010.771129.073.67-234.20-44.391490.407.5915.29-8.68
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
139
143
Operating Profit
OPM %
Other Income
8
Interest
7
Depreciation
11
-16
Tax %
25.16%
Net Profit
0
-6
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
212
178
Operating Profit
OPM %
Other Income
6
Interest
10
Depreciation
13
18
Tax %
25.37%
Net Profit
0
5
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
504
382
Operating Profit
OPM %
Other Income
6
Interest
11
Depreciation
14
103
Tax %
24.77%
Net Profit
0
37
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
207
216
Operating Profit
OPM %
Other Income
8
Interest
10
Depreciation
13
-24
Tax %
26.97%
Net Profit
0
-9
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
126
128
Operating Profit
OPM %
Other Income
7
Interest
9
Depreciation
14
-18
Tax %
25.20%
Net Profit
-13
-6
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
220
191
Operating Profit
OPM %
Other Income
9
Interest
12
Depreciation
15
11
Tax %
26.31%
Net Profit
8
4
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
549
394
Operating Profit
OPM %
Other Income
6
Interest
15
Depreciation
16
130
Tax %
25.62%
Net Profit
97
47
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
206
200
Operating Profit
OPM %
Other Income
13
Interest
12
Depreciation
16
-9
Tax %
-10.83%
Net Profit
-10
-5
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
139
171
Operating Profit
OPM %
Other Income
10
Interest
11
Depreciation
15
-22
Tax %
24.80%
Net Profit
-16
-1
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
249
207
Operating Profit
OPM %
Other Income
9
Interest
13
Depreciation
16
22
Tax %
25.34%
Net Profit
16
8
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
608
443
Operating Profit
OPM %
Other Income
8
Interest
15
Depreciation
17
142
Tax %
24.67%
Net Profit
107
52
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
280
254
Operating Profit
OPM %
Other Income
8
Interest
12
Depreciation
17
5
Tax %
-1.41%
Net Profit
5
2
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
149
191
Operating Profit
OPM %
Other Income
10
Interest
12
Depreciation
17
-32
Tax %
26.14%
Net Profit
-23
-1
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
622
506
Operating Profit
136
OPM %
22
Other Income
20
Interest
14
Depreciation
34
88
Tax %
25
Net Profit
66
EPS
32
Dividend Payout %
47
Minority Interest
0
Share of Associates
0
Adjusted EPS
32
Minority Interest
0
Share of Associates
0
Adjusted EPS
32
Mar 2022
904
722
Operating Profit
207
OPM %
23
Other Income
25
Interest
17
Depreciation
37
152
Tax %
25
Net Profit
114
EPS
55
Dividend Payout %
36
Minority Interest
0
Share of Associates
0
Adjusted EPS
55
Minority Interest
0
Share of Associates
0
Adjusted EPS
55
Mar 2023
1,118
898
Operating Profit
240
OPM %
22
Other Income
21
Interest
26
Depreciation
42
172
Tax %
23
Net Profit
133
EPS
64
Dividend Payout %
31
Minority Interest
0
Share of Associates
0
Adjusted EPS
64
Minority Interest
0
Share of Associates
0
Adjusted EPS
64
Mar 2024
1,062
918
Operating Profit
172
OPM %
16
Other Income
28
Interest
40
Depreciation
51
81
Tax %
26
Net Profit
60
EPS
29
Dividend Payout %
69
Minority Interest
0
Share of Associates
0
Adjusted EPS
29
Minority Interest
0
Share of Associates
0
Adjusted EPS
29
Mar 2025
1,100
912
Operating Profit
223
OPM %
20
Other Income
35
Interest
49
Depreciation
60
114
Tax %
29
Net Profit
81
EPS
39
Dividend Payout %
51
Minority Interest
0
Share of Associates
0
Adjusted EPS
39
Minority Interest
0
Share of Associates
0
Adjusted EPS
39
TTM
1,286
1,096
Operating Profit
OPM %
Other Income
36
Interest
52
Depreciation
67
137
Tax %
23
Net Profit
105
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
7%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
-11%

STOCK PRICE CAGR

10 Years:
2%
5 Years:
11%
3 Years:
-11%
1 Year:
-8%

RETURN ON EQUITY

10 Years:
5 Years:
13%
3 Years:
12%
Last Year:
10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 22

₹ 2

Rs.20.0000 per share(200%)Final Dividend

2024

Sep 13

₹ 2

Rs.20.0000 per share(200%)Final Dividend

2023

Aug 24

₹ 2

Rs.20.0000 per share(200%)Dividend

2022

Sep 20

₹ 2

Rs.20.0000 per share(200%)Final Dividend

2021

Sep 16

₹ 1.50

Rs.15.0000 per share(150%)Dividend

2020

Sep 18

₹ 0.50

Rs.5.0000 per share(50%)Dividend

2018

Sep 18

₹ 1.20

Rs.12.0000 per share(120%)Final Dividend

2017

Sep 21

₹ 1

Rs.10.0000 per share(100%)Dividend

2016

Sep 21

₹ 1

Rs.10.0000 per share(100%)Dividend

2015

Sep 21

₹ 1

Rs.10.0000 per share(100%)Dividend

2026

May 18

₹ 2

Rs.20.0000 per share(200%)Final Dividend

Mar 2021
Equity Capital
21
583
23
Trade Payables
139
162
Total Liabilities
927
225
Capital Work in Progress
0
178
202
0
Cash & Bank
41
283
Total Assets
927
Total Debt
35
Net Working Capital
450
Contingent Liabilities
0
Book Value per Share
291.38
Face Value
10.00
Total Debt
35
Net Working Capital
450
Contingent Liabilities
0
Book Value per Share
291.38
Face Value
10.00
Mar 2022
Equity Capital
21
667
60
Trade Payables
139
218
Total Liabilities
1,104
232
Capital Work in Progress
1
217
289
0
Cash & Bank
48
316
Total Assets
1,104
Total Debt
68
Net Working Capital
480
Contingent Liabilities
0
Book Value per Share
331.53
Face Value
10.00
Total Debt
68
Net Working Capital
480
Contingent Liabilities
0
Book Value per Share
331.53
Face Value
10.00
Mar 2023
Equity Capital
21
756
199
Trade Payables
194
304
Total Liabilities
1,474
281
Capital Work in Progress
19
234
460
0
Cash & Bank
15
465
Total Assets
1,474
Total Debt
202
Net Working Capital
519
Contingent Liabilities
0
Book Value per Share
374.53
Face Value
10.00
Total Debt
202
Net Working Capital
519
Contingent Liabilities
0
Book Value per Share
374.53
Face Value
10.00
Mar 2024
Equity Capital
21
774
214
Trade Payables
141
340
Total Liabilities
1,491
332
Capital Work in Progress
0
225
435
370
Cash & Bank
8
121
Total Assets
1,491
Total Debt
217
Net Working Capital
460
Contingent Liabilities
0
Book Value per Share
383.41
Face Value
10.00
Total Debt
217
Net Working Capital
460
Contingent Liabilities
0
Book Value per Share
383.41
Face Value
10.00
Mar 2025
Equity Capital
21
813
287
Trade Payables
122
447
Total Liabilities
1,689
390
Capital Work in Progress
0
246
503
416
Cash & Bank
35
99
Total Assets
1,689
Total Debt
287
Net Working Capital
530
Contingent Liabilities
0
Book Value per Share
402.33
Face Value
10.00
Total Debt
287
Net Working Capital
530
Contingent Liabilities
0
Book Value per Share
402.33
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
112
Cash from Investing
-82
Cash from Financing
-31
-1
Free Cash Flow
112
OCF / Net Profit
1.69
Cumulative 5-Year FCF
0
OCF / Net Profit
1.69
Cumulative 5-Year FCF
0
Mar 2022
71
Cash from Investing
-48
Cash from Financing
-22
-0
Free Cash Flow
71
OCF / Net Profit
0.62
Cumulative 5-Year FCF
0
OCF / Net Profit
0.62
Cumulative 5-Year FCF
0
Mar 2023
-5
Cash from Investing
-46
Cash from Financing
53
1
Free Cash Flow
-93
OCF / Net Profit
-0.04
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.04
Cumulative 5-Year FCF
0
Mar 2024
81
Cash from Investing
4
Cash from Financing
-85
-0
Free Cash Flow
5
OCF / Net Profit
1.36
Cumulative 5-Year FCF
0
OCF / Net Profit
1.36
Cumulative 5-Year FCF
0
Mar 2025
73
Cash from Investing
-29
Cash from Financing
-45
-0
Free Cash Flow
-43
OCF / Net Profit
0.90
Cumulative 5-Year FCF
0
OCF / Net Profit
0.90
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
31.98
Book Value (₹)
291.38
Dividend per Share (₹)
15.00
Cash EPS (₹)
48.47
Operating Margin %
19.78%
Net Margin %
9.66%
ROE %
10.97%
ROCE %
15.89%
7.15%
Debtor Days
122
Inventory Days
107
Payable Days
153
76
Debt to Equity (x)
0.06x
Interest Coverage (x)
7.52x
2.96x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
54.96
Book Value (₹)
331.53
Dividend per Share (₹)
20.00
Cash EPS (₹)
72.93
Operating Margin %
18.22%
Net Margin %
10.02%
ROE %
17.65%
ROCE %
24.37%
11.22%
Debtor Days
79
Inventory Days
79
Payable Days
104
53
Debt to Equity (x)
0.10x
Interest Coverage (x)
9.73x
2.50x
Revenue Growth %
45.39%
Operating Profit Growth %
52.65%
Net Profit Growth %
71.87%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
63.93
Book Value (₹)
374.53
Dividend per Share (₹)
20.00
Cash EPS (₹)
84.08
Operating Margin %
17.07%
Net Margin %
9.41%
ROE %
18.11%
ROCE %
22.90%
10.28%
Debtor Days
83
Inventory Days
97
Payable Days
102
78
Debt to Equity (x)
0.26x
Interest Coverage (x)
7.54x
1.95x
Revenue Growth %
23.60%
Operating Profit Growth %
15.98%
Net Profit Growth %
16.31%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
28.91
Book Value (₹)
383.41
Dividend per Share (₹)
20.00
Cash EPS (₹)
53.62
Operating Margin %
10.14%
Net Margin %
4.21%
ROE %
7.63%
ROCE %
12.12%
4.04%
Debtor Days
96
Inventory Days
115
Payable Days
100
111
Debt to Equity (x)
0.27x
Interest Coverage (x)
3.02x
1.88x
Revenue Growth %
-4.99%
Operating Profit Growth %
-28.49%
Net Profit Growth %
-54.77%
-54.77%
P/E (x)
21.48x
P/B (x)
1.62x
Dividend Yield %
3.22%
8.71x
Mar 2025
EPS (₹)
39.16
Book Value (₹)
402.33
Dividend per Share (₹)
20.00
Cash EPS (₹)
68.18
Operating Margin %
12.64%
Net Margin %
5.46%
ROE %
9.97%
ROCE %
15.29%
5.10%
Debtor Days
96
Inventory Days
115
Payable Days
84
128
Debt to Equity (x)
0.34x
Interest Coverage (x)
3.32x
1.84x
Revenue Growth %
3.63%
Operating Profit Growth %
29.91%
Net Profit Growth %
35.42%
35.42%
P/E (x)
13.45x
P/B (x)
1.31x
Dividend Yield %
3.80%
6.02x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
73.17
0.99
1.59
Government
0.00
24.26
Sep 2024
73.17
1.03
2.24
Government
0.00
23.56
Dec 2024
73.17
1.11
2.08
Government
0.00
23.64
Mar 2025
73.17
1.06
1.87
Government
0.00
23.89
Jun 2025
73.17
1.28
1.33
Government
0.00
24.22
Sep 2025
73.17
1.12
1.44
Government
0.00
24.27
Dec 2025
73.17
1.18
1.47
Government
0.00
24.18
Mar 2026
73.17
1.29
1.57
Government
0.00
23.97
Jun 2026
73.17
1.21
1.57
Government
0.00
24.05

Documents

Announcements

Credit Ratings

  • Credit Rating

    2026-07-25 - Monte Carlo Fashions Limited has informed the Exchange about Credit Rating

Concalls