Monarch Networth Capital Ltd

Monarch Networth Capital Ltd

₹ 621 -1.55%
04 Mar 4:01 p.m.
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 2,123 Cr.
  • Current Price 621
  • High / Low 690 / 186
  • Stock P/E 21.8
  • Book Value 82.4
  • Dividend Yield 0.16 %
  • ROCE 31.2 %
  • ROE 22.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
  • Promoter holding has increased by 3.49% over last quarter.
  • Company's median sales growth is 30.6% of last 10 years

Cons

  • Stock is trading at 7.53 times its book value
  • Promoter holding has decreased over last 3 years: -5.48%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
18 34 32 33 41 33 33 36 48 40 41 74 76
15 16 16 24 21 20 19 19 30 29 20 25 26
Operating Profit 3 18 16 10 21 13 14 17 18 10 22 49 50
OPM % 16% 52% 50% 29% 50% 40% 42% 47% 37% 26% 53% 66% 66%
2 1 3 9 -0 4 3 1 4 -2 1 5 7
Interest 0 0 0 0 1 1 1 1 2 2 1 3 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 4 18 19 18 20 16 16 17 19 6 21 50 53
Tax % 19% 35% 27% 23% 26% 24% 22% 29% 26% 27% 19% 27% 27%
3 11 14 14 15 12 12 12 14 4 17 37 39
EPS in Rs 0.95 3.67 4.35 4.43 4.67 3.95 4.00 3.88 4.51 1.33 5.03 10.93 11.38
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
33 25 42 60 53 69 92 76 70 103 154 162 230
36 25 33 43 42 50 65 59 58 60 79 97 99
Operating Profit -3 0 9 16 11 20 26 18 12 42 75 64 131
OPM % -8% 0% 21% 27% 21% 29% 29% 23% 17% 41% 49% 40% 57%
1 0 -2 0 0 2 3 3 0 -4 1 0 11
Interest 1 2 7 7 8 6 7 5 8 2 2 6 10
Depreciation 2 2 4 4 4 1 1 1 1 1 1 1 2
Profit before tax -5 -4 -4 5 -0 15 22 15 4 35 72 58 130
Tax % 58% 15% 38% 33% 285% 14% 12% 13% 36% 30% 25% 26%
-2 -3 -2 4 0 12 19 13 2 24 54 43 97
EPS in Rs -1.85 -3.02 -2.08 1.21 0.16 4.11 6.23 4.31 0.72 7.84 17.41 12.69 28.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 13% 6% 8%
Compounded Sales Growth
10 Years: 20%
5 Years: 12%
3 Years: 32%
TTM: 55%
Compounded Profit Growth
10 Years: 31%
5 Years: 18%
3 Years: 166%
TTM: 91%
Stock Price CAGR
10 Years: 43%
5 Years: 76%
3 Years: 111%
1 Year: 149%
Return on Equity
10 Years: 22%
5 Years: 24%
3 Years: 29%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 30 30 30 31 31 31 31 31 34 34
Reserves 8 4 28 11 12 14 37 49 51 77 132 192 245
14 14 30 26 55 18 16 26 12 4 17 3 98
120 104 80 86 56 158 117 124 372 298 468 383 1,254
Total Liabilities 152 133 150 153 153 220 202 230 465 410 647 612 1,631
10 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 0
Investments 1 1 2 3 3 3 2 2 1 8 11 24 18
141 123 136 143 146 214 197 226 460 397 631 580 1,600
Total Assets 152 133 150 153 153 220 202 230 465 410 647 612 1,631

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-12 -0 -11 11 15 53 36 3 264 -235 45 -21
-1 1 12 0 -2 -29 -2 -19 -121 126 -0 -18
-7 -2 3 -5 -12 -20 -9 8 -23 -10 14 -5
Net Cash Flow -20 -2 4 6 2 4 25 -8 121 -119 58 -43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 862 1,108 498 373 410 519 237 372 357 112 101 99
Inventory Days
Days Payable
Cash Conversion Cycle 862 1,108 498 373 410 519 237 372 357 112 101 99
Working Capital Days -169 -61 155 -3 233 -184 -174 -165 -1,541 -821 -832 -487
ROCE % -12% -5% 11% 18% 9% 27% 39% 20% 11% 41% 51% 31%

Shareholding Pattern

Numbers in percentages

14 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.34% 55.09% 55.09% 55.09% 55.20% 55.26% 55.27% 55.27% 50.66% 51.55% 52.37% 55.87%
3.09% 3.09% 3.09% 3.09% 3.12% 3.40% 3.12% 3.10% 2.83% 2.83% 1.67% 0.93%
0.96% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.61% 41.69% 41.83% 41.83% 41.68% 41.33% 41.60% 41.63% 46.50% 45.62% 45.96% 43.21%
No. of Shareholders 4,6034,4354,6504,5745,1346,1786,0365,9786,2826,4526,5647,605

* 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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