Monarch Networth Capital Ltd

Monarch Networth Capital Ltd

₹ 586 7.11%
24 Jul - 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 1,985 Cr.
  • Current Price 586
  • High / Low 690 / 303
  • Stock P/E 13.6
  • Book Value 102
  • Dividend Yield 0.17 %
  • ROCE 51.5 %
  • ROE 43.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 58.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
  • Company's median sales growth is 30.6% of last 10 years

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
32 33 41 33 33 36 48 40 42 74 76 68 84
16 24 21 20 19 19 30 32 20 25 26 30 28
Operating Profit 16 10 21 13 14 17 18 7 22 49 50 38 56
OPM % 50% 29% 50% 40% 42% 47% 37% 19% 53% 66% 66% 56% 67%
3 9 -0 4 3 1 4 1 1 5 7 7 1
Interest 0 0 1 1 1 1 2 2 1 3 4 5 5
Depreciation 0 0 0 0 0 0 0 0 0 0 0 1 1
Profit before tax 19 18 20 16 16 17 19 6 21 50 53 40 51
Tax % 27% 23% 26% 24% 22% 29% 26% 27% 19% 27% 27% 24% 22%
14 14 15 12 12 12 14 4 17 37 39 31 40
EPS in Rs 4.35 4.43 4.67 3.95 4.00 3.88 4.51 1.33 5.03 10.93 11.38 9.02 11.83
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
25 42 60 53 69 92 76 70 103 154 162 271 302
25 33 43 42 50 65 59 58 60 79 97 100 108
Operating Profit 0 9 16 11 20 26 18 12 42 75 64 171 193
OPM % 0% 21% 27% 21% 29% 29% 23% 17% 41% 49% 40% 63% 64%
0 -2 0 0 2 3 3 0 -4 1 0 8 20
Interest 2 7 7 8 6 7 5 8 2 2 6 13 17
Depreciation 2 4 4 4 1 1 1 1 1 1 1 2 2
Profit before tax -4 -4 5 -0 15 22 15 4 35 72 58 164 194
Tax % -15% -38% 33% -285% 14% 12% 13% 36% 30% 25% 26% 25%
-3 -2 4 0 12 19 13 2 24 54 43 123 146
EPS in Rs -3.02 -2.08 1.21 0.16 4.11 6.23 4.31 0.72 7.84 17.41 12.69 36.36 43.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 13% 6% 8% 3%
Compounded Sales Growth
10 Years: 21%
5 Years: 29%
3 Years: 38%
TTM: 83%
Compounded Profit Growth
10 Years: 77%
5 Years: 58%
3 Years: 64%
TTM: 207%
Stock Price CAGR
10 Years: 35%
5 Years: 88%
3 Years: 64%
1 Year: 88%
Return on Equity
10 Years: 29%
5 Years: 32%
3 Years: 36%
Last Year: 43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 30 30 30 31 31 31 31 31 34 34
Reserves 4 28 11 12 14 37 49 51 77 132 192 312
14 30 26 55 18 16 26 12 4 17 3 113
104 80 86 56 158 117 124 372 298 468 383 349
Total Liabilities 133 150 153 153 220 202 230 465 410 647 612 808
9 12 7 4 3 3 3 4 5 5 8 13
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 2 3 3 3 2 2 1 8 11 24 18
123 136 143 146 214 197 226 460 397 631 580 778
Total Assets 133 150 153 153 220 202 230 465 410 647 612 808

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -11 11 15 53 36 3 264 -235 45 -21 -144
1 12 0 -2 -29 -2 -19 -121 126 -0 -18 11
-2 3 -5 -12 -20 -9 8 -23 -10 14 -5 94
Net Cash Flow -2 4 6 2 4 25 -8 121 -119 58 -43 -39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 1,108 498 373 410 519 237 372 357 112 101 99 112
Inventory Days
Days Payable
Cash Conversion Cycle 1,108 498 373 410 519 237 372 357 112 101 99 112
Working Capital Days -61 155 -3 233 -184 -174 -165 -1,541 -821 -832 -487 -65
ROCE % -5% 11% 18% 9% 27% 39% 20% 11% 41% 51% 31% 52%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.09% 55.09% 55.20% 55.26% 55.27% 55.27% 50.66% 51.55% 52.37% 55.87% 55.93% 55.93%
3.09% 3.09% 3.12% 3.40% 3.12% 3.10% 2.83% 2.83% 1.67% 0.93% 0.52% 0.13%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.00%
41.83% 41.83% 41.68% 41.33% 41.60% 41.63% 46.50% 45.62% 45.96% 43.21% 43.41% 43.96%
No. of Shareholders 4,6504,5745,1346,1786,0365,9786,2826,4526,5647,6057,8278,533

* 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.

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