Monte Carlo Fashions Ltd.
NSE: MONTECARLO · Garments & Apparels · sector
₹490.55NSE close 2026-10-26
Key numbers
Market cap₹1,017 cr
Price₹490.55
52w high / low₹861 / ₹464
P/E9.7xSector median 15.0x
P/B1.1xSector median 1.5x
Book value₹437.0
Dividend yield4.08%Sector median 0.84%
ROE12.1%Sector median 10.6%
ROCE15.3%Sector median 9.9%
OPM17.1%Sector median 8.6%
Debt / equity0.36xSector median 0.33x
EV/EBITDA5.6xSector median 9.3x
Interest cover3.6x
Current ratio1.68x
Sales growth 3y+4.5%Sector median +6.2%
Profit growth 3y-5.4%Sector median +11.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹116 cr vs borrowings ₹329 cr (FY26): borrowings are higher by ₹213 cr.
- Borrowings rose in each of the last 3 years (₹202 cr → ₹329 cr).
- Operating profit covered interest 3.6x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 35% of net profit in the last 12 months.
- Debtor days went from 127 (FY24) to 143 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹490.55 on 2026-10-26: -43.0% from the 52-week high, +5.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹929.25 · low ₹490.50
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 220 | 549 | 206 | 139 | 249 | 608 | 280 | 149 |
| EBITDA | 28 | 155 | 6 | -6 | 42 | 166 | 26 | -13 |
| OPM % | 12.9% | 28.2% | 2.8% | -4.2% | 16.7% | 27.2% | 9.2% | -8.7% |
| Other income | 9 | 6 | 13 | 10 | 9 | 8 | 8 | 10 |
| Net profit | 8 | 97 | -10 | -16 | 16 | 107 | 5 | -23 |
| EPS (₹) | 3.88 | 46.66 | -4.99 | -7.82 | 7.84 | 51.61 | 2.42 | -11.30 |
| Revenue YoY | +13.2% | +10.9% | +36.1% | +7.6% | ||||
| Profit YoY | +102.2% | +10.6% | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 904 | 1,118 | 1,062 | 1,100 | 1,276 | 1,286 |
| EBITDA | 180 | 218 | 142 | 186 | 227 | 220 |
| Net profit | 114 | 133 | 60 | 81 | 112 | 105 |
| EPS (₹) | 54.96 | 63.92 | 28.91 | 39.15 | 54.05 | 50.57 |
| Revenue growth | +23.6% | -5.0% | +3.6% | +15.9% | +15.6% | |
| Profit growth | +16.3% | -54.8% | +35.4% | +38.1% | +34.1% | |
| Dividend / share (₹) | 15.00 | 20.00 | 20.00 | 20.00 | 20.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.5% | +15.5% | +15.6% |
| Net profit | -5.4% | +11.1% | +34.1% |
| EPS | -5.4% | +11.1% | – |
| Share price | – | -19.9% (2y) | -26.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 776 | 795 | 834 | 906 |
| Borrowings | – | 202 | 217 | 287 | 329 |
| Cash & equivalents | – | 185 | 129 | 173 | 116 |
| Total assets | – | 1,496 | 1,516 | 1,716 | 1,920 |
| Fixed assets | – | 155 | 179 | 183 | 169 |
| Capital work in progress | – | 19 | 0 | 0 | 24 |
| Investments | – | 72 | 105 | 108 | 139 |
| Receivables | – | 380 | 370 | 416 | 499 |
| Inventory | – | 460 | 435 | 503 | 571 |
| Payables | – | 194 | 141 | 122 | 146 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 71 | -5 | 81 | 73 | 100 |
| Cash from investing | -48 | -46 | 4 | -29 | -14 |
| Cash from financing | -22 | 53 | -85 | -45 | -85 |
| Capex | 25 | 53 | 35 | 38 | 38 |
| Free cash flow | 45 | -59 | 47 | 35 | 62 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.1% | 7.5% | 9.7% | 12.4% |
| ROCE % | – | 20.1% | 11.7% | 14.4% | 16.0% |
| Debtor days | – | 124 | 127 | 138 | 143 |
| Inventory days | – | 283 | 260 | 321 | 324 |
| Payable days | – | 119 | 85 | 78 | 83 |
| Cash conversion cycle (days) | – | 288 | 302 | 381 | 384 |
| Working capital days | – | 169 | 158 | 176 | 146 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.17% |
| FIIs | 0.98% |
| DIIs | 1.57% |
| Public (non-institutions) | 24.28% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% |
| Promoter group | % |
|---|---|
| Nagdevi Trading & Investment Co. Ltd. | 24.15% |
| Girnar Investment Ltd | 16.03% |
| Parshav Investment And Trading Company Limited | 16.03% |
| Nahar Capital And Financial Services Ltd | 7.96% |
| Ruchika Oswal | 2.49% |
| Monica Oswal | 2.49% |
| Vanaik Investors Ltd. | 1.97% |
| Jawahar Lal Oswal | 0.51% |
| Abhilash Oswal | 0.49% |
| Oswal Woolen Mills Ltd. | 0.36% |
| Atam Vallabh Financiers Ltd. | 0.32% |
| Vardhman Investments Ltd. | 0.24% |
| Abhinav Oswal | 0.05% |
| Rishabh Oswal | 0.05% |
| Dinesh Oswal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Carnelian Structural Shift Fund | 1.33% |
| Vijaykumar Mangturam Khemani | 1.30% |
29,877 shareholders. Pledged: 0.00% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| MONTECARLO | ₹1,017 cr | 9.7x | 1.1x | 12.1% | 15.3% | 17.1% | +4.5% | 4.08% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-21 | Dividend | Dividend - Rs 20 Per Share |
| 2025-09-22 | Dividend | Dividend - Rs 20 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2023-08-24 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2022-09-20 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 15 Per Share |
| 2020-09-18 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2019-09-19 | Other | Annual General Meeting |
| 2019-02-21 | Buyback | Buy Back |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend Rs 12 Per Share |
| 2017-09-21 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2016-09-21 | Dividend | Annual General Meeting/Dividend -Rs 10/- Per Share |
| 2015-09-21 | Dividend | Annual General Meeting/Dividend - Rs 10/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Garments and Textiles
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | MONTECARLO |
| BSE code | 538836 |
| ISIN | INE950M01013 |
| Face value | ₹10.0 |
| Incorporated | 2008-07-01 |
| Website | www.montecarlocorporate.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.