Monte Carlo Fashions Ltd

₹ 810 2.92%
18 Aug - close price
About

Monte Carlo Fashions Ltd is engaged in manufacturing of designer woollen/ cotton readymade apparels and trading of readymade apparels and other products under its brand "Monte Carlo" which has also been recognized as a "Superbrand".[1]

It is a part of Nahar Group of Companies [2]. Monte Carlo Fashions was de-merged from Oswal Woollen Mills Ltd (the flagship company of Nahar group) in the year 2011-12. Other major group companies include Nahar Industrial Enterprises, Nahar Spinning Mills that are listed on the stock exchanges.[3]

Key Points

Product Portfolio
The company has a well diversified product offerings across product categories such as Cottons, woollens, Kids and Home furnishing. Its products T-shirts, shirts, denims, trousers, suits, jackets, coats and other garments.[1]
In FY21, cotton segment accounted ~51% of revenues, followed by woollen segment (28%), home textiles (14%) and kids clothes (7%).[2]

  • Market Cap 1,680 Cr.
  • Current Price 810
  • High / Low 843 / 309
  • Stock P/E 14.0
  • Book Value 332
  • Dividend Yield 1.85 %
  • ROCE 21.5 %
  • ROE 17.7 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.3%

Cons

  • The company has delivered a poor sales growth of 9.41% over past five years.

* 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

Sector: Textiles Industry: Textiles - Products

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
59.92 152.82 403.40 109.47 11.18 98.25 403.82 108.76 41.70 238.29 461.87 162.47 112.87
62.29 132.60 296.90 109.40 25.51 83.27 287.62 110.04 50.35 185.60 348.20 140.15 108.49
Operating Profit -2.37 20.22 106.50 0.07 -14.33 14.98 116.20 -1.28 -8.65 52.69 113.67 22.32 4.38
OPM % -3.96% 13.23% 26.40% 0.06% -128.18% 15.25% 28.78% -1.18% -20.74% 22.11% 24.61% 13.74% 3.88%
2.63 4.40 3.47 1.02 5.61 4.48 3.92 6.15 6.60 5.64 4.95 8.30 3.23
Interest 3.50 4.67 5.53 3.31 3.01 3.53 3.54 3.44 2.85 4.34 4.28 4.22 3.79
Depreciation 7.24 8.27 8.94 8.95 7.91 8.73 8.71 8.86 7.95 9.12 10.22 9.97 9.16
Profit before tax -10.48 11.68 95.50 -11.17 -19.64 7.20 107.87 -7.43 -12.85 44.87 104.12 16.43 -5.34
Tax % 41.41% 41.87% 24.34% 8.50% 31.06% 38.61% 26.44% 46.70% 20.78% 24.43% 25.61% 21.79% 26.59%
Net Profit -6.14 6.79 72.26 -10.22 -13.53 4.43 79.36 -3.96 -10.18 33.91 77.45 12.85 -3.92
EPS in Rs -2.96 3.28 34.85 -4.93 -6.53 2.14 38.28 -1.91 -4.91 16.36 37.36 6.20 -1.89

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 364 393 490 577 618 577 576 656 726 622 904 976
0 283 322 396 454 497 500 462 558 601 506 724 782
Operating Profit 0 82 71 94 124 121 77 113 99 124 116 180 193
OPM % 22% 18% 19% 21% 20% 13% 20% 15% 17% 19% 20% 20%
0 3 12 14 18 15 24 18 18 12 20 25 22
Interest 0 7 4 9 17 16 12 8 9 17 14 16 17
Depreciation 0 6 7 16 33 29 25 21 19 33 34 37 38
Profit before tax 0 73 72 82 91 90 65 102 89 86 88 153 160
Tax % 33% 32% 34% 35% 35% 32% 34% 33% 27% 25% 25%
Net Profit 0 49 49 54 60 59 44 68 60 63 66 114 120
EPS in Rs 0.00 25.91 22.77 25.03 27.50 27.12 20.32 31.25 27.42 30.24 31.98 55.01 58.03
Dividend Payout % 0% 0% 0% 36% 37% 49% 38% 0% 17% 47% 36%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 11%
TTM: 50%
Compounded Profit Growth
10 Years: 9%
5 Years: 22%
3 Years: 24%
TTM: 73%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 48%
1 Year: 139%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 19 22 22 22 22 22 22 21 21 21 21
Reserves -0 131 303 358 392 424 474 490 463 524 583 667
0 64 89 118 129 98 65 56 48 117 118 156
0 61 73 127 140 167 142 156 257 249 214 279
Total Liabilities 0 276 487 625 682 711 704 723 788 910 937 1,122
0 49 105 167 181 163 163 156 150 228 225 233
CWIP 0 19 23 20 1 1 3 0 0 2 1 1
Investments 0 0 40 50 48 50 117 128 138 134 178 168
0 207 318 387 452 497 421 438 501 546 533 720
Total Assets 0 276 487 625 682 711 704 723 788 910 937 1,122

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1 50 65 23 45 85 24 126 37 112 71
-46 -196 -85 -18 27 -13 21 10 -30 -82 -48
48 146 20 -6 -71 -72 -44 -104 -38 -31 -22
Net Cash Flow 1 1 -1 0 -0 -0 1 31 -31 -1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 73 69 66 76 90 93 120 122 127 135 107
Inventory Days 220 192 196 230 260 225 217 203 206 222 226
Days Payable 74 -12 118 102 125 115 138 143 159 153 115
Cash Conversion Cycle 218 273 144 204 225 202 200 182 173 204 217
Working Capital Days 134 124 79 109 118 141 160 113 136 156 196
ROCE % 74% 24% 20% 21% 19% 13% 19% 18% 17% 15% 22%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
67.91 67.91 68.20 68.20 68.20 68.20 73.17 73.17 73.17 73.17 73.17 73.17
3.35 3.13 2.97 0.00 0.00 0.00 0.24 0.19 0.97 2.70 3.06 3.29
1.18 1.36 1.36 1.36 0.94 0.94 0.93 0.78 0.78 0.63 0.58 0.44
27.56 27.60 27.47 30.44 30.86 30.86 25.66 25.86 25.08 23.50 23.19 23.10

Documents

Concalls