Monarch Networth Capital Limited MONARCH NSEFINANCIAL

Financial Services · Capital Markets · India

https://www.mnclgroup.com

Monarch Networth Capital Limited, together with its subsidiaries, provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India. The company operates three segments: Broking & other Finance Market Services; Non-Banking Finance Business; and Insurance Business. The company offers equity and derivatives, commodities, and currency derivatives; alternative investment funds; mutual funds; and bond and FD. It also provides initial public offering; life and general insurance; depository services; merchant banking services comprising capital/fund-raising and financial advisory services, including services for initial public offer/follow-on public offer/offer for sale/rights issue/takeover/ buyback on main board and SME platform of BSE/NSE; and private equity/venture capital funding/angel investing/QIps, as well as equity raising through private placements; and national pension systems. In addition, the company offers a robust trading platform equipped with advanced features such as heatmap watchlists, technical and fundamental indicators, and is accessible via the Google Play Store as well as the App Store. The company was formerly known as Networth Stock Broking Limited and changed its name to Monarch Networth Capital Limited in December 2015. Monarch Networth Capital Limited was founded in 1992 and is based in Ahmedabad, India.

Market & Price

Market Cap

₹2,663.42 Cr

Current Price

₹336.00

High / Low (52W)

₹383.19 / ₹242.50

Beta

0.05

Valuation

Stock P/E

14.73

Industry PE

19.12

Forward P/E

PEG Ratio

Book Value

₹122.60

Price to Book

2.74

P/S

7.27

EV/EBITDA

Dividend Yield

0.30%

Profitability & Returns

ROCE

23.52%

ROE

20.50%

ROA

12.91%

Profit Margin

49.44%

Op Margin

65.00%

EPS (Latest Qtr)

₹5.73

EPS (TTM)

₹22.81

Balance Sheet & Liquidity

Debt/Equity

3.83

Quick Ratio

2.19

Current Ratio

2.21

Debt

₹37.21 Cr

Total Assets

₹1,572.32 Cr

Current Assets

₹1,311.39 Cr

Working Capital

₹807.04 Cr

Ownership

Promoter Holding

70.43%

Chg in Prom Hold

FII / Inst Holding

0.05%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,990.73 Cr

Total Revenue (TTM)

₹366.46 Cr

EBITDA

Free Cash Flow

Operating Cash Flow

₹114.20 Cr

Shares Outstanding

₹7.93 Cr

Gross Margin

93.06%

Payout Ratio

4.38%

Growth (CAGR)

Revenue 5Y

21.22%

Profit 5Y

61.55%

Revenue (YoY)

58.20%

Earnings (YoY)

84.10%

PROS

Strong return on equity of 20.5%.
Healthy ROCE of 23.5%.
Excellent profit margin of 49.4%.
Compounding revenue at 21.2% over 5 years.
Profit CAGR of 61.6% over 5 years.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MONARCH Monarch Networth Capital Limited NSEFINANCIAL	336.00	14.73	₹2,663.42 Cr	0.30%	23.52%	20.50%	21.22%	61.55%
2	HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL	744.55	16.61	₹11.46 L Cr	1.75%	-	13.82%	32.50%	20.39%
3	ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL	1,256.40	16.81	₹9.01 L Cr	0.88%	-	16.36%	19.65%	16.78%
4	SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU	964.40	10.58	₹8.90 L Cr	1.80%	-	15.48%	12.19%	14.39%
5	KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL	384.20	19.80	₹3.82 L Cr	0.13%	-	11.39%	14.58%	8.92%
6	LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU	411.35	9.06	₹2.60 L Cr	2.43%	-	42.36%	7.61%	16.86%
7	SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL	947.15	17.79	₹2.23 L Cr	1.46%	-	16.38%	15.48%	18.59%
8	SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL	1,830.10	74.06	₹1.84 L Cr	0.15%	-	13.70%	11.67%	12.81%
9	ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL	3,538.50	53.19	₹1.75 L Cr	0.70%	98.30%	85.80%	28.94%	29.58%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	80.32 Cr	58.96 Cr	62.16 Cr	80.69 Cr	66.99 Cr
Cost of Revenue	-	-	15.53 Cr	17.28 Cr	17.94 Cr	20.12 Cr	16.50 Cr
Gross Profit	-	-	64.79 Cr	41.68 Cr	44.22 Cr	60.57 Cr	50.50 Cr
Operating Expenses	-	-	8.67 Cr	19.90 Cr	3.16 Cr	9.65 Cr	17.48 Cr
Operating Income	-	-	56.12 Cr	21.78 Cr	41.06 Cr	50.91 Cr	33.02 Cr
EBITDA	-	-	39.02 Cr	62.98 Cr	64.06 Cr	64.35 Cr	67.51 Cr
Interest Expense	-	-	2.43 Cr	1.63 Cr	1.36 Cr	1.81 Cr	2.02 Cr
Pretax Income	-	-	34.70 Cr	59.51 Cr	60.80 Cr	60.63 Cr	63.38 Cr
Tax Provision	-	-	9.99 Cr	14.26 Cr	15.83 Cr	15.21 Cr	17.82 Cr
Net Income	-	-	24.71 Cr	45.25 Cr	44.97 Cr	45.41 Cr	45.56 Cr
Diluted EPS	-	-	3.11	5.70	5.66	5.72	5.73

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	150.91 Cr	239.19 Cr	305.18 Cr	268.80 Cr
Cost of Revenue	-	52.07 Cr	60.63 Cr	77.61 Cr	71.84 Cr
Gross Profit	-	98.84 Cr	178.57 Cr	227.57 Cr	196.96 Cr
Operating Expenses	-	40.97 Cr	35.07 Cr	39.52 Cr	50.20 Cr
Operating Income	-	57.87 Cr	143.50 Cr	188.05 Cr	146.76 Cr
EBITDA	-	62.97 Cr	176.83 Cr	217.88 Cr	258.91 Cr
Interest Expense	-	3.92 Cr	10.98 Cr	17.65 Cr	6.82 Cr
Pretax Income	-	57.93 Cr	164.12 Cr	192.68 Cr	244.32 Cr
Tax Provision	-	14.95 Cr	40.97 Cr	43.41 Cr	63.13 Cr
Net Income	-	42.97 Cr	123.15 Cr	149.27 Cr	181.19 Cr
Diluted EPS	-	6.34	9.09	19.89	22.81

Compounded Sales Growth

5 Years:	21.22%
1 Year:	58.20%

Compounded Profit Growth

5 Years:	61.55%
1 Year:	84.10%

Stock Price Performance

1 Year:	+10.30%
6 Months:	+9.93%
3 Months:	+17.65%
1 Month:	+13.36%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	608.03 Cr	808.18 Cr	1,235.50 Cr	1,572.32 Cr
Current Assets	-	560.95 Cr	357.16 Cr	1,053.98 Cr	1,311.39 Cr
Cash & Equivalents	-	47.78 Cr	8.63 Cr	42.07 Cr	273.05 Cr
Inventory	14.48 Cr	16.89 Cr	9.59 Cr	-	-
Receivables	-	43.81 Cr	72.42 Cr	59.71 Cr	199.95 Cr
Total Liabilities	-	386.23 Cr	462.26 Cr	438.71 Cr	600.92 Cr
Current Liabilities	-	381.69 Cr	407.75 Cr	358.57 Cr	504.35 Cr
Long Term Debt	-	2.29 Cr	1.95 Cr	94.45 L	26.76 Cr
Total Debt	-	2.85 Cr	112.96 Cr	9.20 Cr	37.21 Cr
Total Equity	-	221.80 Cr	345.91 Cr	796.79 Cr	971.41 Cr
Shares Outstanding	-	6.77 Cr	6.77 Cr	7.85 Cr	7.93 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-20.77 Cr	-107.94 Cr	29.75 Cr	114.20 Cr
Investing Cash Flow	-	-17.74 Cr	15.52 Cr	-86.78 Cr	-2.37 Cr
Financing Cash Flow	-	-4.72 Cr	93.70 Cr	170.90 Cr	-1.70 Cr
Capital Expenditure	-	-4.05 Cr	-6.17 Cr	-16.23 Cr	-8.31 Cr
Free Cash Flow	-	-24.82 Cr	-114.11 Cr	13.52 Cr	105.89 Cr
Net Change in Cash	-	-43.23 Cr	1.28 Cr	113.87 Cr	110.12 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	65.5%	74.7%	74.6%	73.3%
Operating Margin %	-	38.3%	60.0%	61.6%	54.6%
Net Margin %	-	28.5%	51.5%	48.9%	67.4%
ROE %	-	19.4%	35.6%	18.7%	18.7%
ROCE %	-	25.6%	35.8%	21.4%	13.7%

Shareholding Pattern

Insiders

70.43%

Institutions

0.05%

Public Float

0.18%

Analyst View

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MONARCH · Financial Services