Monte Carlo Fashions Ltd - Stock Valuation and Financial Performance

BSE: 538836 | NSE: MONTECARLO | Textile | Small Cap

Monte Carlo Fashions Share Price

621 5.05 0.82%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Monte Carlo Fashions

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Monte Carlo Fashions stock performance -

mw4me loader
P/E Ratio (CD):
13.04
Market Cap:
1,287.5 Cr.
52-wk low:
605
52-wk high:
918

Is Monte Carlo Fashions Ltd an attractive stock to invest in?

1. Is Monte Carlo Fashions Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Monte Carlo Fashions Ltd is a below average quality company.

2. Is Monte Carlo Fashions Ltd undervalued or overvalued?

The key valuation ratios of Monte Carlo Fashions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Monte Carlo Fashions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Monte Carlo Fashions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Monte Carlo Fashions:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Monte Carlo Fashions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%0%0%11.8%18.1%17.4%-
Value Creation
Index
NANANANANANANA-0.20.30.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000006229041,1181,092
Sales YoY Gr.-NANANANANANANA45.4%23.6%-
Adj EPS 000000031.755.163.847.6
YoY Gr.-NANANANANANANA73.8%15.7%-
BVPS (₹) 0000000291.4331.5374.5392.6
Adj Net
Profit
000000065.711413299
Cash Flow from Ops. 000000011270.6-5.3-
Debt/CF from Ops. 00000000.31-38.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA23.6%
Adj EPS NANANA15.7%
BVPSNANANA13%
Share Price - 11.2% 40.7% -3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
000000010.917.718.112.4
Op. Profit
Mgn %
000000018.620.319.616.9
Net Profit
Mgn %
000000010.612.611.89
Debt to
Equity
00000000.10.10.3-
Working Cap
Days
00000000174198218
Cash Conv.
Cycle
000000009512497

Recent Performance Summary

Sales growth is good in last 4 quarters at 12.79%

Return on Equity has declined versus last 3 years average to 12.40%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Monte Carlo Fashions Ltd.

Standalone Consolidated
TTM EPS (₹) 48.2 47.6
TTM Sales (₹ Cr.) 1,092 1,092
BVPS (₹.) 393.2 392.6
Reserves (₹ Cr.) 795 793
P/BV 1.58 1.58
PE 12.87 13.04
From the Market
52 Week Low / High (₹) 605.00 / 918.00
All Time Low / High (₹) 128.00 / 918.00
Market Cap (₹ Cr.) 1,287
Equity (₹ Cr.) 20.7
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Monte Carlo Fashions:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Monte Carlo Fashions

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales6229041,118
Operating Expenses 506722898
Manufacturing Costs586980
Material Costs331487593
Employee Cost 608197
Other Costs 5786128
Operating Profit 116182219
Operating Profit Margin (%) 18.6%20.1%19.6%
Other Income 202521
Interest 141726
Depreciation 343742
Exceptional Items 000
Profit Before Tax 88152172
Tax 223940
Profit After Tax 66114133
PAT Margin (%) 10.7%12.6%11.9%
Adjusted EPS (₹)32.055.063.9
Dividend Payout Ratio (%)47%36%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 604687776
Share Capital 212121
Reserves 583667756
Minority Interest000
Debt3065199
Long Term Debt1283
Short Term Debt1857196
Trade Payables139139194
Others Liabilities 154213305
Total Liabilities 9271,1041,474

Fixed Assets

Gross Block477357447
Accumulated Depreciation252125166
Net Fixed Assets225232281
CWIP 1319
Investments 178217234
Inventories202289460
Trade Receivables229260380
Cash Equivalents 414815
Others Assets525485
Total Assets 9271,1041,474

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 11271-5
PBT 88152172
Adjustment 353552
Changes in Working Capital 4-85-180
Tax Paid -14-31-50
Cash Flow From Investing Activity -82-48-46
Capex -17-25-53
Net Investments -39-29-3
Others -26510
Cash Flow From Financing Activity -31-2253
Net Proceeds from Shares 000
Net Proceeds from Borrowing -5-5-6
Interest Paid -7-8-14
Dividend Paid -10-31-41
Others -922114
Net Cash Flow -101
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)10.9717.6518.11
ROCE (%)15.8924.3722.9
Asset Turnover Ratio0.741.121.09
PAT to CFO Conversion(x)1.70.62-0.04
Working Capital Days
Receivable Days1227983
Inventory Days1077997
Payable Days153104102

Monte Carlo Fashions Ltd Stock News

Monte Carlo Fashions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Monte Carlo Fashions on 28-Mar-2024 16:01 is ₹621.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Monte Carlo Fashions stood at ₹1,287.5.
The latest P/E ratio of Monte Carlo Fashions as of 28-Mar-2024 16:01 is 12.87.
The latest P/B ratio of Monte Carlo Fashions as of 28-Mar-2024 16:01 is 1.58.
The 52-week high of Monte Carlo Fashions is ₹918.0 and the 52-week low is ₹605.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Monte Carlo Fashions is ₹1,092 ( Cr.) .

About Monte Carlo Fashions Ltd

The company was incorporated on July 1, 2008 in Ludhiana, Punjab, under the Companies Act, 1956, as amended (the “Companies Act 1956”) as a public limited company under the name ‘Monte Carlo Fashions Limited’ with the Registrar of Companies of Punjab, Chandigarh and Himachal Pradesh. Initially the ‘Monte Carlo’ brand was launched by OWML, which was engaged in spinning of woollen, cotton and other blended yarns, weaving denim fabric and manufacture of apparel. With effect from April 1, 2011, the woollen and cotton apparel business of OWML under the brand ‘Monte Carlo’ was demerged into the Company.

The company operates two manufacturing facilities in Ludhiana, Punjab, one for its woollen apparel products and one for its cotton apparel products. The manufacturing facilities include facilities for product development, a design studio and sampling infrastructure. Almost all its woollen knitted products are manufactured in- house at its manufacturing facility. It also recently commenced in-house manufacturing of some of its cotton t-shirts and thermals in April 2014. For the remaining cotton and cotton-blended products, it follows an asset-light model by outsourcing the production to a network of third-party manufacturers, also known as job work entities.

Products:

It offers a comprehensive line of woollen, cotton and cotton-blended knitted and woven apparel under the ‘Monte Carlo’ brand in addition to its kids apparel. Its apparel products can be divided into three primary categories based -(i) woollen apparel, (ii) cotton and cotton blended apparel and (iii) kids apparel. Additionally, it also distributes home furnishings products which include mink blankets, bed sheets and quilts. The home furnishing products are also outsourced from a network of job work entities. The woollen knitted products include sweaters, cardigans, woollen caps and mufflers and thermals, while the woven woollen apparel products include woollen and cashmere shawls, stoles, woollen jackets and blazers. The cotton knitted apparel products include t-shirts, sweat shirts, track suits and cotton thermals. The kids apparel include sweaters, cardigans, shirts, t-shirts and bottoms.

The company introduced home furnishing products under the ‘Monte Carlo’ brand in fiscal 2013 and it follows an asset light model for its home furnishing products as well. It outsources the manufacturing of these products to a network of job work entities primarily in China. Once the finished products are ready, it buy them from the job work entities.Widening its horizons, the Company also gained ground in the production and supply of accessories like ties, belts, socks.

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