Monte Carlo Fashions Ltd

Monte Carlo Fashions Ltd

₹ 658 1.94%
24 Apr 3:10 p.m.
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

History[1]
Monte Carlo Fashions Limited was incorporated in 2008 and is led by Mr. J. L. Oswal who has 50+ years of experience in textiles and apparels business and is promoter of well known Oswal Woollen Mills Ltd and Nahar Group.

  • Market Cap 1,364 Cr.
  • Current Price 658
  • High / Low 918 / 605
  • Stock P/E 13.6
  • Book Value 356
  • Dividend Yield 3.05 %
  • ROCE 20.4 %
  • ROE 18.1 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.04%.
  • Company has been maintaining a healthy dividend payout of 38.2%

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.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
404 109 42 238 462 162 113 249 520 237 139 212 504
288 110 50 186 348 140 108 198 389 204 143 178 381
Operating Profit 116 -1 -9 53 114 23 4 51 130 33 -4 34 123
OPM % 29% -1% -21% 22% 25% 14% 4% 20% 25% 14% -3% 16% 24%
4 6 7 6 5 8 3 4 6 8 8 6 6
Interest 4 3 3 4 4 4 4 5 10 5 7 10 11
Depreciation 9 9 8 9 10 10 9 9 10 13 11 13 14
Profit before tax 108 -7 -13 45 104 16 -5 40 116 22 -15 18 104
Tax % 26% 47% 21% 24% 26% 22% 27% 24% 26% 8% 25% 25% 25%
79 -4 -10 34 77 13 -4 30 86 20 -12 13 78
EPS in Rs 38.28 -1.91 -4.91 16.36 37.36 6.20 -1.89 14.62 41.63 9.66 -5.59 6.45 37.71
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
364 393 490 577 618 577 576 656 726 622 904 1,118 1,092
283 322 396 454 497 500 462 558 601 506 720 898 907
Operating Profit 82 71 94 124 121 77 113 99 124 116 184 220 185
OPM % 22% 18% 19% 21% 20% 13% 20% 15% 17% 19% 20% 20% 17%
3 12 14 18 15 24 18 18 12 20 23 21 27
Interest 7 4 9 17 16 12 8 9 17 14 17 26 33
Depreciation 6 7 16 33 29 25 21 19 33 34 37 42 51
Profit before tax 73 72 82 91 90 65 102 89 86 88 153 172 128
Tax % 33% 32% 34% 35% 35% 32% 34% 33% 27% 25% 25% 23%
49 49 54 60 59 44 68 60 63 66 114 133 100
EPS in Rs 25.91 22.77 25.03 27.50 27.12 20.32 31.25 27.42 30.24 31.98 55.01 64.03 48.23
Dividend Payout % 0% 0% 0% 36% 37% 49% 38% 0% 17% 47% 36% 31%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 15%
TTM: 5%
Compounded Profit Growth
10 Years: 10%
5 Years: 15%
3 Years: 28%
TTM: -20%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 42%
1 Year: -6%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 16%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 19 22 22 22 22 22 22 21 21 21 21 21 21
Reserves 131 303 358 392 424 474 490 463 524 583 667 756 716
64 89 118 129 98 65 56 48 117 118 156 331 509
61 73 127 140 167 142 156 257 249 214 274 389 345
Total Liabilities 276 487 625 682 711 704 723 788 910 937 1,117 1,497 1,591
49 105 167 181 163 163 156 150 228 225 232 281 324
CWIP 19 23 20 1 1 3 0 0 2 1 3 19 2
Investments 0 40 50 48 50 117 128 138 134 178 217 243 207
207 318 387 452 497 421 438 501 546 533 664 954 1,058
Total Assets 276 487 625 682 711 704 723 788 910 937 1,117 1,497 1,591

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 50 65 23 45 85 24 126 37 112 71 -5
-46 -196 -85 -18 27 -13 21 10 -30 -82 -48 -48
48 146 20 -6 -71 -72 -44 -104 -38 -31 -22 53
Net Cash Flow 1 1 -1 0 -0 -0 1 31 -31 -1 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 73 69 66 76 90 93 120 122 127 135 105 124
Inventory Days 220 192 196 230 260 225 217 203 206 222 217 283
Days Payable 74 -12 118 102 125 115 138 143 159 153 104 119
Cash Conversion Cycle 218 273 144 204 225 202 200 182 173 204 218 288
Working Capital Days 134 124 79 109 118 141 160 113 136 159 138 180
ROCE % 74% 24% 20% 21% 19% 13% 19% 18% 17% 15% 22% 20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17%
0.19% 0.97% 2.70% 3.06% 3.29% 2.93% 1.85% 1.40% 1.23% 1.08% 1.10% 0.98%
0.78% 0.78% 0.63% 0.59% 0.44% 0.65% 0.58% 0.68% 1.18% 1.61% 1.97% 1.95%
25.86% 25.08% 23.50% 23.19% 23.10% 23.25% 24.40% 24.76% 24.41% 24.15% 23.75% 23.90%
No. of Shareholders 35,38534,82233,34233,29231,68730,88930,90430,48228,11129,08229,91629,309

* 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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Documents

Concalls