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 ₹ 276 Cr.
- Current Price ₹ 195
- High / Low ₹ 435 / 176
- Stock P/E 6.99
- 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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Team Size / Employee Count Number |
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| Geographical Presence (States) Number |
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| GNSS/GPS Systems Owned Number |
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| Ongoing Projects Count Number |
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| Total Stations Owned Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
13 Mar - Won Rs.4,99,25,000 DPR and land-acquisition consultancy for Chavani dam JV (70% stake), work to commence immediately.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
9 Mar - Received Rs.1,53,75,474 LOA from North Central Railway for pre/post-tamping surveys; completion in 24 months.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
9 Mar - Received Rs.12,28,92,000 contract from Maharashtra Settlement Commissioner; 24-month completion.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Mar - Received ₹1.28 crore LOA from Western Railway for pre/post-tamping track measurement, 18-month project starting immediately.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Mar - Received Rs1.27 crore LOA from Western Railway for 18-month track survey using Trimble Gedo Vorsys trolley.
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.