Past 10 year's financial track record analysis by Moneyworks4me indicates that Monte Carlo Fashions Ltd is a average quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 0% | 15.9% | 24.4% | 22.9% | 12.1% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | 0.1 | 0.7 | 0.6 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 622 | 904 | 1,118 | 1,062 | 1,101 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | NA | 45.4% | 23.6% | -5% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 31.7 | 55.1 | 63.8 | 28.8 | 35.6 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | 73.8% | 15.7% | -54.8% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 291.4 | 331.5 | 374.5 | 383.4 | 407.5 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 65.7 | 114 | 132 | 59.8 | 74 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 112 | 70.6 | -5.3 | 81.5 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 1 | -38.2 | 2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 19.5% | -5% | ||||
| Adj EPS ⓘ | NA | NA | -3.1% | -54.8% | ||||
| BVPSⓘ | NA | NA | 9.6% | 2.4% | ||||
| Share Price | 0.9% | 30.5% | 0.5% | -13.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 10.9 | 17.7 | 18.1 | 7.6 | 9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 18.6 | 20.3 | 19.6 | 13.6 | 15.5 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 10.6 | 12.6 | 11.8 | 5.6 | 6.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.3 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 174 | 198 | 237 | 230 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95 | 124 | 144 | 90 |
Sales growth is growing at healthy rate in last 3 years 19.52%
Return on Equity has declined versus last 3 years average to 9.00%
Net Profit has been subdued in last 3 years -3.11%
Sales growth is not so good in last 4 quarters at -2.43%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 34.3 | 35.6 |
| TTM Sales (₹ Cr.) | 1,101 | 1,101 |
| BVPS (₹.) ⓘ | 407.5 | 407.5 |
| Reserves (₹ Cr.) ⓘ | 824 | 824 |
| P/BV ⓘ | 1.37 | 1.37 |
| PE ⓘ | 16.30 | 15.72 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 507.40 / 984.00 |
| All Time Low / High (₹) | 128.00 / 984.00 |
| Market Cap (₹ Cr.) | 1,159 |
| Equity (₹ Cr.) | 20.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.1 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 207 | -12.8 | 126 | -9.2 | 220 | 3.4 | 549 | 8.8 |
| Adj EPS (₹) ⓘ | -8.6 | -189.6 | -6.4 | N/A | 3.9 | -39.4 | 46.7 | 25.2 |
| Op. Profit Mgn % ⓘ | -4.79 | -1845 bps | -1.90 | 111 bps | 12.90 | -314 bps | 28.22 | 405 bps |
| Net Profit Mgn % ⓘ | -8.60 | -1697 bps | -10.53 | -217 bps | 3.66 | -259 bps | 17.63 | 230 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| PDS | 399.6 | -29.2 (-6.8%) | Small Cap | 10,577 | 11.5 | 3.2 | 37.3 | 3.7 |
| Welspun Living | 124.4 | -9.5 (-7.1%) | Small Cap | 9,679 | 6.8 | 6.9 | 19.7 | 2.7 |
| Vardhman Textiles | 471.4 | -8.3 (-1.7%) | Small Cap | 9,299 | 28.9 | 5.9 | 16.6 | 1.5 |
| Arvind | 330.6 | -15.6 (-4.5%) | Small Cap | 7,738 | 11.5 | 4.5 | 30.1 | 2.5 |
| K.P.R. Mill | 954.8 | -31.5 (-3.2%) | Small Cap | 6,060 | 24.1 | 13 | 40.9 | 6.9 |
| Alok Inds | 15.4 | -0.5 (-3.3%) | Small Cap | 5,356 | -1.8 | -15.2 | - | -0.4 |
| RSWM | 145.5 | -5.9 (-3.9%) | Small Cap | 4,058 | -1.2 | -2 | - | 0.6 |
| Indo Count Inds | 260.2 | -25.3 (-8.9%) | Small Cap | 3,557 | 16.5 | 9.1 | 17.3 | 2.5 |
| Himatsingka Seide | 148.2 | -10.8 (-6.8%) | Small Cap | 2,841 | 7 | 3.9 | 22.8 | 1 |
| Sangam India | 415.8 | -21.9 (-5%) | Small Cap | 2,648 | 6.1 | 1.5 | 71.8 | 2.2 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 622 | 904 | 1,118 | 1,062 |
| Operating Expenses ⓘ | 506 | 722 | 898 | 918 |
| Manufacturing Costs | 58 | 69 | 80 | 76 |
| Material Costs | 331 | 487 | 593 | 610 |
| Employee Cost | 60 | 81 | 97 | 106 |
| Other Costs ⓘ | 57 | 86 | 128 | 125 |
| Operating Profit ⓘ | 116 | 182 | 219 | 144 |
| Operating Profit Margin (%) | 18.6% | 20.1% | 19.6% | 13.6% |
| Other Income ⓘ | 20 | 25 | 21 | 28 |
| Interest ⓘ | 14 | 17 | 26 | 40 |
| Depreciation ⓘ | 34 | 37 | 42 | 51 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 88 | 152 | 172 | 81 |
| Tax ⓘ | 22 | 39 | 40 | 21 |
| Profit After Tax | 66 | 114 | 133 | 60 |
| PAT Margin (%) | 10.7% | 12.6% | 11.9% | 5.6% |
| Adjusted EPS (₹) | 32.0 | 55.0 | 63.9 | 28.9 |
| Dividend Payout Ratio (%) | 47% | 36% | 31% | 69% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 604 | 687 | 776 | 795 | ||||||
| Share Capital ⓘ | 21 | 21 | 21 | 21 | ||||||
| Reserves ⓘ | 583 | 667 | 756 | 774 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 30 | 65 | 199 | 214 | ||||||
| Long Term Debt | 12 | 8 | 3 | 0 | ||||||
| Short Term Debt | 18 | 57 | 196 | 214 | ||||||
| Trade Payables | 139 | 139 | 194 | 141 | ||||||
| Others Liabilities ⓘ | 154 | 213 | 305 | 340 | ||||||
| Total Liabilities ⓘ | 927 | 1,104 | 1,474 | 1,491 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 477 | 357 | 426 | 522 | ||||||
| Accumulated Depreciation | 252 | 125 | 145 | 190 | ||||||
| Net Fixed Assetsⓘ | 225 | 232 | 281 | 332 | ||||||
| CWIP ⓘ | 1 | 3 | 19 | 0 | ||||||
| Investmentsⓘ | 178 | 217 | 234 | 225 | ||||||
| Inventories | 202 | 289 | 460 | 435 | ||||||
| Trade Receivables | 229 | 260 | 380 | 370 | ||||||
| Cash Equivalents | 41 | 48 | 15 | 8 | ||||||
| Others Assetsⓘ | 52 | 54 | 85 | 121 | ||||||
| Total Assets ⓘ | 927 | 1,104 | 1,474 | 1,491 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 112 | 71 | -5 | 81 |
| PBT ⓘ | 88 | 152 | 172 | 81 |
| Adjustment ⓘ | 35 | 35 | 52 | 66 |
| Changes in Working Capital ⓘ | 4 | -85 | -180 | -18 |
| Tax Paid ⓘ | -14 | -31 | -50 | -47 |
| Cash Flow From Investing Activity ⓘ | -82 | -48 | -46 | 4 |
| Capex | -17 | -25 | -53 | -34 |
| Net Investments | -39 | -29 | -3 | 23 |
| Others ⓘ | -26 | 5 | 10 | 14 |
| Cash Flow From Financing Activityⓘ | -31 | -22 | 53 | -85 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -5 | -5 | -6 | -6 |
| Interest Paid ⓘ | -7 | -8 | -14 | -24 |
| Dividend Paid ⓘ | -10 | -31 | -41 | -41 |
| Others ⓘ | -9 | 22 | 114 | -14 |
| Net Cash Flow ⓘ | -1 | 0 | 1 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.97 | 17.65 | 18.11 | 7.63 | ||||||
| ROCE (%) | 15.89 | 24.37 | 22.9 | 12.12 | ||||||
| Asset Turnover Ratio | 0.74 | 1.12 | 1.09 | 0.96 | ||||||
| PAT to CFO Conversion(x) | 1.7 | 0.62 | -0.04 | 1.35 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 122 | 79 | 83 | 96 | ||||||
| Inventory Days | 107 | 79 | 97 | 115 | ||||||
| Payable Days | 153 | 104 | 102 | 100 | ||||||
The company was incorporated on July 1, 2008 in Ludhiana, Punjab, under the Companies Act, 1956, as amended (the “Companies Act 1956â€) 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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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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