MONARCH

Monarch Networth Capital Limited

Stockbroking and allied financial services group with asset management and distribution businesses

Financial Services›Financial Services›Capital Markets›Stockbroking & Allied

mnclgroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹338.05
Market cap
2,680 Cr
Stock P/E
14.8
P/B
2.76
Dividend yield
0.3%
ROE (FY26)
18.7%
ROCE (FY26)
25.2%
Operating margin (FY26)
67.2%
Debt / equity (FY26)
0.03

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Monarch Networth Capital (Monarch) is a Mumbai-based financial services group that earns its revenue mainly from stockbroking and related services, and is adding asset management products such as portfolio management services and alternative investment funds.

Company snapshot

9thBy market cap

Ranked among 31 companies in Stockbroking & Allied.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Broking and Related services
99.3%
76 Cr53 Cr729 Cr
Insurance Business
0.2%
0.16 Cr0.08 Cr4 Cr
Non Banking Financial Business
1.6%
1 Cr0.89 Cr39 Cr

Shares add up to 101% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 48.7% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales74 Cr76 Cr68 Cr84 Cr104 Cr77 Cr61 Cr98 Cr83 Cr91 Cr100 Cr91 Cr
Operating expenses (approx.)25 Cr26 Cr30 Cr28 Cr38 Cr21 Cr23 Cr35 Cr19 Cr28 Cr32 Cr31 Cr
EBITDA49 Cr50 Cr38 Cr56 Cr66 Cr55 Cr38 Cr63 Cr64 Cr64 Cr68 Cr60 Cr
OPM %66.4%66.1%56.1%67.0%63.4%72.2%62.7%63.9%76.7%69.7%67.9%66.0%
Other income5 Cr7 Cr7 Cr1 Cr0.21 Cr0.06 Cr0.85 Cr0.40 Cr0.29 Cr0.76 Cr-0.34 Cr0.16 Cr
Interest3 Cr4 Cr5 Cr5 Cr6 Cr3 Cr2 Cr2 Cr1 Cr2 Cr2 Cr2 Cr
Depreciation0.38 Cr0.50 Cr0.51 Cr0.51 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax50 Cr53 Cr40 Cr51 Cr57 Cr50 Cr35 Cr60 Cr61 Cr61 Cr63 Cr56 Cr
Tax %26.6%26.7%23.7%21.9%22.3%19.1%28.8%24.0%26.0%25.1%28.1%18.7%
Net profit37 Cr39 Cr31 Cr40 Cr44 Cr41 Cr25 Cr45 Cr45 Cr45 Cr46 Cr45 Cr
EPS (₹)₹10.93₹11.38₹9.02₹11.83₹6.13₹5.16₹3.15₹5.76₹5.67₹5.73₹5.75₹5.70

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales——69 Cr65 Cr93 Cr144 Cr156 Cr260 Cr327 Cr372 CrSign in free for the trailing twelve months
Operating expenses (approx.)——57 Cr58 Cr60 Cr79 Cr97 Cr100 Cr110 Cr114 CrSign in free for the trailing twelve months
EBITDA——13 Cr7 Cr32 Cr65 Cr59 Cr160 Cr217 Cr258 CrSign in free for the trailing twelve months
OPM %——18.4%10.4%35.0%45.3%37.7%61.5%66.3%69.3%Sign in free for the trailing twelve months
Other income——7 Cr6 Cr11 Cr10 Cr6 Cr19 Cr1 Cr1 CrSign in free for the trailing twelve months
Interest——5 Cr8 Cr2 Cr2 Cr6 Cr13 Cr18 Cr7 CrSign in free for the trailing twelve months
Depreciation——0.93 Cr0.88 Cr0.91 Cr0.99 Cr1 Cr2 Cr8 Cr8 CrSign in free for the trailing twelve months
Profit before tax——15 Cr4 Cr35 Cr72 Cr58 Cr164 Cr193 Cr244 CrSign in free for the trailing twelve months
Tax %——12.6%36.0%30.1%25.1%25.8%25.0%22.5%25.8%Sign in free for the trailing twelve months
Net profit——13 Cr2 Cr24 Cr54 Cr43 Cr123 Cr149 Cr181 CrSign in free for the trailing twelve months
EPS (₹)——₹4.12₹0.61₹8.29₹18.63₹12.63₹36.36₹20.15₹22.91Sign in free for the trailing twelve months
Dividend payout %————0.0%5.7%0.0%2.8%2.3%4.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital30 Cr30 Cr31 Cr31 Cr31 Cr31 Cr34 Cr34 Cr78 Cr79 Cr
Reserves14 Cr32 Cr49 Cr51 Cr77 Cr137 Cr192 Cr312 Cr718 Cr892 Cr
Borrowings18 Cr16 Cr29 Cr12 Cr4 Cr17 Cr3 Cr113 Cr9 Cr27 Cr
Other liabilities157 Cr117 Cr121 Cr372 Cr303 Cr462 Cr383 Cr349 Cr430 Cr574 Cr
Total liabilities220 Cr196 Cr229 Cr465 Cr415 Cr647 Cr612 Cr808 Cr1,236 Cr1,572 Cr
Fixed assets (net)3 Cr3 Cr3 Cr4 Cr5 Cr5 Cr8 Cr13 Cr21 Cr21 Cr
CWIP—0.11 Cr——0 Cr——0 Cr0 Cr0 Cr
Investments3 Cr3 Cr2 Cr1 Cr8 Cr11 Cr24 Cr18 Cr120 Cr218 Cr
Loans & advances——9 Cr3 Cr4 Cr46 Cr99 Cr201 Cr349 Cr388 Cr
Inventories10 Cr3 Cr3 Cr3 Cr3 Cr14 Cr17 Cr10 Cr0 Cr0 Cr
Trade receivables98 Cr59 Cr75 Cr68 Cr65 Cr42 Cr46 Cr83 Cr91 Cr214 Cr
Cash & bank38 Cr68 Cr0.04 Cr228 Cr313 Cr91 Cr48 Cr9 Cr163 Cr273 Cr
Other assets67 Cr59 Cr138 Cr158 Cr18 Cr437 Cr370 Cr475 Cr492 Cr457 Cr
Total assets220 Cr196 Cr229 Cr465 Cr415 Cr647 Cr612 Cr808 Cr1,236 Cr1,572 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity53 Cr31 Cr—264 Cr-42 Cr45 Cr-21 Cr-145 Cr30 Cr114 Cr
Cash from investing-29 Cr-2 Cr—-121 Cr-67 Cr-0.31 Cr-18 Cr12 Cr-87 Cr-2 Cr
Cash from financing-20 Cr-5 Cr—-23 Cr-10 Cr14 Cr-5 Cr94 Cr171 Cr-2 Cr
Net cash flow4 Cr25 Cr—121 Cr-119 Cr58 Cr-43 Cr-39 Cr114 Cr110 Cr
Free cash flow (OCF − Capex)52 Cr30 Cr——-45 Cr43 Cr-25 Cr-151 Cr14 Cr106 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——18.1%12.1%33.4%40.1%27.8%38.6%26.1%25.2%
ROE %——16.3%2.7%22.6%32.2%19.0%35.6%18.7%18.7%
Debtor days——393385254107107117101210
Inventory days——17161136411300
Days payable——547198411081040759412374493
Cash conversion cycle——-137-1584-844-897-611-282-273-284
Debt / equity0.420.260.360.140.030.100.010.330.010.03
Current ratio0.931.041.250.801.271.291.471.702.762.60
Net debt / EBITDA——2.25-31.99-9.55-1.13-0.770.65-0.71-0.96