Monte Carlo Fashions Ltd

About [ edit ]

Monte Carlo Fashions Limited is engaged in manufacturing and selling of all types of textile garments and clothing accessories under its own brand Monte Carlo and sub-brands namely rock it, luxuria, cloak & decker, tweens and alpha. #

It is a part of Nahar Group of Companies #. Monte Carlo Fashions was de-merged from Oswal Woolen Mills Ltd (the flagship company of Nahar group) in the year 2011-12.

Key Points [ edit ]
  • Market Cap 781 Cr.
  • Current Price 377
  • High / Low 390 / 154
  • Stock P/E 11.8
  • Book Value 291
  • Dividend Yield 1.33 %
  • ROCE 14.7 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.14%

Cons

  • The company has delivered a poor sales growth of 0.13% over past five years.
  • Company has a low return on equity of 11.87% for last 3 years.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
59.24 125.80 375.56 95.78 59.92 152.82 403.40 109.47 11.18 98.25 403.82 108.76
62.46 111.37 258.18 126.01 62.29 132.60 296.90 109.40 25.51 83.27 287.62 110.04
Operating Profit -3.22 14.43 117.38 -30.23 -2.37 20.22 106.50 0.07 -14.33 14.98 116.20 -1.28
OPM % -5.44% 11.47% 31.25% -31.56% -3.96% 13.23% 26.40% 0.06% -128.18% 15.25% 28.78% -1.18%
Other Income 3.15 3.76 5.65 5.67 2.63 4.40 3.47 1.02 5.61 4.48 3.92 6.15
Interest 1.56 2.49 3.40 1.51 3.50 4.67 5.53 3.31 3.01 3.53 3.54 3.44
Depreciation 4.59 4.74 4.88 4.89 7.24 8.27 8.94 8.95 7.91 8.73 8.71 8.86
Profit before tax -6.22 10.96 114.75 -30.96 -10.48 11.68 95.50 -11.17 -19.64 7.20 107.87 -7.43
Tax % 38.42% 37.68% 34.24% 39.11% 41.41% 41.87% 24.34% 8.50% 31.06% 38.61% 26.44% 46.70%
Net Profit -3.84 6.83 75.45 -18.85 -6.14 6.79 72.26 -10.22 -13.53 4.43 79.36 -3.96
EPS in Rs -1.77 3.14 34.72 -8.67 -2.96 3.28 34.85 -4.93 -6.53 2.14 38.28 -1.91

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 0 364 393 490 577 618 577 576 656 726 622
0 0 283 322 397 454 496 500 462 558 601 506
Operating Profit 0 0 82 71 93 123 122 77 113 99 124 116
OPM % 22% 18% 19% 21% 20% 13% 20% 15% 17% 19%
Other Income 0 0 3 12 15 19 14 24 18 18 12 20
Interest 0 0 7 4 9 17 16 12 8 9 17 14
Depreciation 0 0 6 7 16 33 29 25 21 19 33 34
Profit before tax 0 0 73 72 82 91 90 65 102 89 86 88
Tax % 33% 32% 34% 35% 35% 32% 34% 33% 27% 25%
Net Profit 0 0 49 49 54 60 59 44 68 60 63 66
EPS in Rs 0.00 0.00 25.91 22.77 25.03 27.50 27.12 20.32 31.25 27.42 30.24 31.98
Dividend Payout % 0% 0% 0% 36% 37% 49% 38% 0% 17% 47%
Compounded Sales Growth
10 Years:%
5 Years:0%
3 Years:3%
TTM:-14%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:-0%
TTM:6%
Stock Price CAGR
10 Years:%
5 Years:-3%
3 Years:-3%
1 Year:142%
Return on Equity
10 Years:14%
5 Years:12%
3 Years:12%
Last Year:12%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 0 19 22 22 22 22 22 22 21 21 21
Reserves -0 -0 131 303 358 392 424 474 490 463 524 583
Borrowings 0 0 64 89 118 129 98 65 56 48 117 114
0 0 61 73 127 140 167 142 156 257 249 219
Total Liabilities 0 0 276 487 625 682 711 704 723 788 910 937
0 0 49 105 167 181 163 163 156 150 228 225
CWIP 0 0 19 23 20 1 1 3 0 0 2 1
Investments 0 0 0 40 50 48 50 117 128 138 134 178
0 0 207 318 387 452 497 421 438 501 546 533
Total Assets 0 0 276 487 625 682 711 704 723 788 910 937

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1 50 65 23 45 85 24 126 37 112
-46 -196 -85 -18 27 -13 21 10 -30 -82
48 146 20 -6 -71 -72 -44 -104 -38 -31
Net Cash Flow 1 1 -1 0 -0 -0 1 31 -31 -1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 74% 24% 20% 21% 19% 13% 19% 18% 17% 15%
Debtor Days 73 69 66 76 90 93 120 122 127 135
Inventory Turnover 3.41 1.94 2.16 1.85 1.57 1.58 1.58 1.92 1.91 1.58

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
64.77 64.78 64.78 67.91 67.91 67.91 68.20 68.20 68.20 68.20 73.17 73.17
4.11 3.90 3.86 3.35 3.35 3.13 2.97 0.00 0.00 0.00 0.24 0.19
3.16 1.75 0.69 1.08 1.18 1.36 1.36 1.36 0.94 0.94 0.93 0.78
27.95 29.57 30.67 27.66 27.56 27.60 27.47 30.44 30.86 30.86 25.66 25.86

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