Monarch Surveyors and Engineering Consultants Ltd
Incorporated in 1999, Monarch Surveyors and Contractors Ltd provides a wide range
of Civil Engineering Consultancy services.[1]
- Market Cap ₹ 265 Cr.
- Current Price ₹ 187
- High / Low ₹ 435 / 176
- Stock P/E 6.70
- Book Value ₹ 148
- Dividend Yield 0.00 %
- ROCE 46.4 %
- ROE 38.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -26.1%
- Debtor days have increased from 50.4 to 93.8 days.
* 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.
Peer comparison
Services Services Commercial Services & Supplies Consulting Services
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 43 | 72 | 139 | 154 | 177 | |
| 38 | 60 | 97 | 103 | 119 | |
| Operating Profit | 6 | 12 | 43 | 51 | 58 |
| OPM % | 13% | 16% | 31% | 33% | 33% |
| 2 | 1 | 2 | 2 | 2 | |
| Interest | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 4 | 4 |
| Profit before tax | 6 | 11 | 41 | 47 | 54 |
| Tax % | 26% | 21% | 27% | 25% | |
| 4 | 9 | 30 | 35 | 39 | |
| EPS in Rs | 5,104.65 | 9,988.37 | 34,895.35 | 33.47 | 34.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.09 | 0.09 | 0.09 | 10 | 14 |
| Reserves | 35 | 44 | 74 | 98 | 195 |
| 2 | 8 | 13 | 14 | 13 | |
| 8 | 12 | 15 | 25 | 25 | |
| Total Liabilities | 46 | 65 | 102 | 148 | 247 |
| 7 | 16 | 31 | 42 | 42 | |
| CWIP | 3 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 35 | 49 | 71 | 106 | 205 | |
| Total Assets | 46 | 65 | 102 | 148 | 247 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 7 | 5 | 35 | 24 | |
| -4 | -12 | -29 | -29 | |
| -1 | 5 | 4 | -0 | |
| Net Cash Flow | 2 | -1 | 9 | -5 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 40 | 31 | 26 | 94 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 40 | 31 | 26 | 94 |
| Working Capital Days | 15 | 7 | 2 | 36 |
| ROCE % | 26% | 61% | 46% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
22 Jan - Received LOA for Rs.2,01,90,884 railway yard measurement contract (Sr.DEN/Central/BSP); work to commence immediately.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
21 Jan - LOA for DPR/pre-construction of NH-08 Tripura roads; order Rs.3,29,63,598; Monarch JV stake 51%.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Jan - Submitted Reg 74(5) certificate; Bigshare confirms non-applicability; all shares demat for quarter ended 31-Dec-2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
28 Dec 2025 - Won Rs3,29,89,898.40 contract from Bhavnagar Division, Western Railway for track measurement surveys.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
24 Dec 2025 - Received Rs.7,83,04,800 survey work order for Sinhastha Kumbhamela 2027-28 in Nashik and Trimbak.
Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
Business Overview:[1]
MSCL specializes in delivering consultancy services across the entire lifecycle of the infrastructure projects from Concept to Commissioning. The company’s expertise
spans multiple domains like Survey, design,
and technical supervision for roads, railways, metros, town planning, geospatial, mapping,
land acquisition, water, transmission Line, pipelines, and other civil engineering sectors.