Monarch Networth Capital Ltd

Monarch Networth Capital Ltd

₹ 530 0.76%
28 Mar - close price
About

Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance and financial planning. It is a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd. [1]

Key Points

Products & Services
The Co offers a wide range of products within BFSI such as Broking services in Equity, Commodity & Currency markets, Distribution of Initial Public Offer (IPO), FPO & QIP products, Distribution of Mutual Fund products, Bonds, FDs, and NPS, Distribution of Life Insurance & General Insurance Policies of various Insurance companies, Depositary (Demat) services, Investment Banking Services and Loan against securities (LAS) & margin funding. [1]

  • Market Cap 1,788 Cr.
  • Current Price 530
  • High / Low 690 / 190
  • Stock P/E 20.4
  • Book Value 76.5
  • Dividend Yield 0.19 %
  • ROCE 28.6 %
  • ROE 19.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
  • Promoter holding has increased by 3.49% over last quarter.
  • Company's median sales growth is 28.0% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -5.48%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
17 30 29 32 40 31 32 35 45 34 39 71 75
14 16 16 23 20 19 19 19 30 28 19 25 25
Operating Profit 2 15 13 8 20 12 13 16 15 5 20 47 50
OPM % 13% 48% 45% 27% 49% 40% 41% 46% 34% 16% 50% 65% 66%
2 1 3 9 -0 4 3 2 4 -2 1 5 7
Interest 0 0 0 0 1 1 1 2 3 2 2 3 5
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3 15 16 17 19 15 15 15 16 1 18 47 51
Tax % 21% 34% 27% 23% 30% 23% 22% 29% 27% 41% 18% 27% 27%
3 10 12 13 13 11 12 11 12 0 15 35 38
EPS in Rs 0.86 3.12 3.75 4.13 4.16 3.67 3.80 3.54 3.77 0.11 4.42 10.25 11.11
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
21 20 37 53 45 58 83 71 62 92 147 151 219
24 17 28 40 38 43 63 55 55 56 78 96 98
Operating Profit -4 3 9 13 7 15 20 16 7 36 69 55 121
OPM % -17% 15% 23% 25% 16% 25% 24% 22% 11% 39% 47% 37% 55%
0 0 -2 0 0 2 2 3 0 -4 0 0 10
Interest 1 2 6 6 6 3 2 2 4 1 2 7 13
Depreciation 2 2 3 3 2 1 1 1 1 1 1 1 2
Profit before tax -6 0 -2 4 -0 13 19 15 2 29 66 47 118
Tax % 51% -169% 67% 36% 198% 11% 11% 10% 43% 30% 26% 26%
-3 1 -1 3 0 11 17 14 1 20 49 35 88
EPS in Rs -2.54 0.69 -0.59 0.94 0.16 3.70 5.67 4.53 0.40 6.57 15.70 10.29 25.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 15% 6% 10%
Compounded Sales Growth
10 Years: 22%
5 Years: 13%
3 Years: 35%
TTM: 53%
Compounded Profit Growth
10 Years: 45%
5 Years: 15%
3 Years: 202%
TTM: 91%
Stock Price CAGR
10 Years: 41%
5 Years: 72%
3 Years: 102%
1 Year: 174%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 26%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 30 30 30 31 31 31 31 31 34 34
Reserves 17 17 43 25 26 27 39 52 53 75 124 176 225
0 0 17 16 23 8 6 26 10 2 15 1 122
52 41 63 70 46 82 107 105 346 297 467 383 1,253
Total Liabilities 80 69 135 141 125 147 183 214 440 404 637 594 1,634
7 6 9 5 4 3 3 3 4 5 5 8 13
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 9 9 11 12 15 15 12 12 17 23 27 40 33
64 54 115 124 106 129 169 200 419 376 605 546 1,588
Total Assets 80 69 135 141 125 147 183 214 440 404 637 594 1,634

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-17 2 -3 12 16 32 41 -3 256 -242 48 -40
-1 0 12 -0 -2 -9 -2 -25 -115 126 -0 -16
-1 -2 -5 -6 -15 -20 -15 21 -21 -10 14 -6
Net Cash Flow -19 -0 4 6 -1 3 24 -7 120 -125 61 -62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 230 280 430 350 269 288 152 242 192 111 103 102
Inventory Days
Days Payable
Cash Conversion Cycle 230 280 430 350 269 288 152 242 192 111 103 102
Working Capital Days -400 -162 185 9 91 -89 -259 -200 -1,810 -953 -918 -539
ROCE % -15% 7% 11% 14% 7% 23% 30% 18% 6% 35% 49% 29%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.34% 55.09% 55.09% 55.09% 55.20% 55.26% 55.27% 55.27% 50.66% 51.55% 52.37% 55.87%
3.09% 3.09% 3.09% 3.09% 3.12% 3.40% 3.12% 3.10% 2.83% 2.83% 1.67% 0.93%
0.96% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.61% 41.69% 41.83% 41.83% 41.68% 41.33% 41.60% 41.63% 46.50% 45.62% 45.96% 43.21%
No. of Shareholders 4,6034,4354,6504,5745,1346,1786,0365,9786,2826,4526,5647,605

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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