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 ₹ 350 Cr.
- Current Price ₹ 248
- High / Low ₹ 331 / 165
- Stock P/E 7.90
- Book Value ₹ 176
- Dividend Yield 0.65 %
- ROCE 28.5 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%
Cons
- Debtor days have increased from 77.5 to 113 days.
- Working capital days have increased from 111 days to 242 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 43 | 72 | 139 | 154 | 172 | 199 | |
| Sales growth | +65% | +95% | +10% | +11% | +5% | |
| 38 | 60 | 97 | 103 | 121 | 143 | |
| Operating Profit | 6 | 12 | 43 | 51 | 51 | 57 |
| OPM % | 13% | 16% | 31% | 33% | 30% | 28% |
| 2 | 1 | 2 | 2 | 5 | 5 | |
| Interest | 1 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 4 | 4 | 5 |
| Profit before tax | 6 | 11 | 41 | 47 | 51 | 54 |
| Tax % | 26% | 21% | 27% | 25% | 26% | |
| 4 | 9 | 30 | 35 | 37 | 44 | |
| EPS in Rs | 3.63 | 7.10 | 24.80 | 33.47 | 26.30 | 31.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 32% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.09 | 0.09 | 0.09 | 10 | 14 | 14 |
| Reserves | 35 | 44 | 74 | 99 | 217 | 235 |
| 2 | 8 | 13 | 14 | 12 | 11 | |
| 8 | 12 | 15 | 25 | 25 | 22 | |
| Total Liabilities | 46 | 65 | 102 | 148 | 269 | 283 |
| 7 | 16 | 31 | 42 | 49 | 59 | |
| CWIP | 3 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 13 | 12 |
| 35 | 49 | 71 | 104 | 207 | 212 | |
| Total Assets | 46 | 65 | 102 | 148 | 269 | 283 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 7 | 5 | 35 | 3 | -38 | |
| -4 | -12 | -29 | -2 | -26 | |
| -1 | 5 | 4 | -1 | 81 | |
| Net Cash Flow | 2 | -1 | 9 | 0 | 18 |
| Free Cash Flow | 3 | -1 | 17 | -12 | -48 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 148% | 65% | 105% | 28% | -50% |
Ratios
Standalone / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 40 | 31 | 26 | 94 | 113 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 40 | 31 | 26 | 94 | 113 |
| Working Capital Days | 15 | 7 | 2 | 89 | 242 |
| ROCE % | 26% | 61% | 46% | 29% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Employee Count (Team Strength) Number |
|
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| Maharashtra - % of Revenue (Geographic Concentration) % |
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| Detailed Project Report (Roads) - % of Revenue % |
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| Final Location Survey (Railways) - % of Revenue % |
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| Land Acquisition - % of Revenue % |
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| Subcontracting as % of Total Work Executed % |
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| Order Inflow (New Orders Secured) INR Crore |
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| Outstanding Order Book INR Crore |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of the Post Earning Conference Call of the Company for H1 of FY 2026-27 held on November 05, 2026 at 01.00 P.M.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Corrigendum to Newspaper Publication of Unaudited Financial Results (Standalone and Consolidated) for the half year ended September 30, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings conference call for H1 FY2027 available on November 5, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation for the Half Year ended September 30, 2026
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation for the Half Year ended September 30, 2026.
Concalls
-
Nov 2026Transcript PPT
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Nov 2026PPT REC
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May 2026Transcript PPT
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Nov 2025Transcript PPT
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Nov 2025PPT
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.