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 ₹ 327 Cr.
- Current Price ₹ 231
- High / Low ₹ 331 / 165
- Stock P/E 8.78
- Book Value ₹ 163
- Dividend Yield 0.69 %
- ROCE 28.5 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 43 | 72 | 139 | 154 | 172 | |
| 38 | 60 | 97 | 103 | 121 | |
| Operating Profit | 6 | 12 | 43 | 51 | 51 |
| OPM % | 13% | 16% | 31% | 33% | 30% |
| 2 | 1 | 2 | 2 | 5 | |
| Interest | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 4 | 4 |
| Profit before tax | 6 | 11 | 41 | 47 | 51 |
| Tax % | 26% | 21% | 27% | 25% | 26% |
| 4 | 9 | 30 | 35 | 37 | |
| EPS in Rs | 3.63 | 7.10 | 24.80 | 33.47 | 26.30 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 32% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.09 | 0.09 | 0.09 | 10 | 14 |
| Reserves | 35 | 44 | 74 | 99 | 217 |
| 2 | 8 | 13 | 14 | 12 | |
| 8 | 12 | 15 | 25 | 25 | |
| Total Liabilities | 46 | 65 | 102 | 148 | 269 |
| 7 | 16 | 31 | 42 | 49 | |
| CWIP | 3 | -0 | -0 | -0 | 0 |
| Investments | -0 | -0 | -0 | 2 | 13 |
| 35 | 49 | 71 | 104 | 207 | |
| Total Assets | 46 | 65 | 102 | 148 | 269 |
Cash Flows
Figures in Rs. Crores
| 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
| 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)-Press Release / Media Release
- Monarch wins ₹48.10 crore West Central Railway LoA for surveys and engineering services over 36 months.
-
Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s)
- Received ₹48.1 crore Letter of Acceptance for railway survey project, to complete within 36 months.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Monarch Surveyors wins ₹51.20 crore Southern Railway order for surveys and DPRs, to be completed in 36 months.
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Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s)
- Received ₹51.2 crore Southern Railway contract; completion within 36 months.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submission of certificate received from RTA i.e. Bigshare Services Private Limited, pursuant to Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended September …
Concalls
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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.