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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Monte Carlo Fashions Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:46 pm

Market Cap 1,588 Cr.
Current Price 766
High / Low929/561
Stock P/E29.4
Book Value 362
Dividend Yield2.61 %
ROCE10.6 %
ROE7.74 %
Face Value 10.0
PEG Ratio3.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Monte Carlo Fashions Ltd

Competitors of Monte Carlo Fashions Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Haria Exports Ltd 6.43 Cr. 5.569.36/3.8758.4 12.20.00 %0.64 %0.64 % 10.0
Haria Apparels Ltd 9.10 Cr. 5.956.80/4.3716.5 3.620.00 %18.6 %18.2 % 10.0
Garment Mantra Lifestyle Ltd 47.4 Cr. 2.364.61/2.2015.6 1.920.00 %7.86 %6.85 % 1.00
Cityman Ltd 30.7 Cr. 26.226.5/14.3 5.490.00 %4.69 %% 10.0
Bindal Exports Ltd 11.9 Cr. 25.825.8/16.128.3 22.10.00 %6.61 %2.96 % 10.0
Industry Average5,290.11 Cr1,799.2453.66141.680.19%12.96%15.23%7.28

All Competitor Stocks of Monte Carlo Fashions Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales40410942238462162113249520237139212504
Expenses28811050186348140108198389204143178381
Operating Profit116-1-9531142345113033-434123
OPM %29%-1%-21%22%25%14%4%20%25%14%-3%16%24%
Other Income4676583468866
Interest4334444510571011
Depreciation99891010991013111314
Profit before tax108-7-134510416-54011622-1518104
Tax %26%47%21%24%26%22%27%24%26%8%25%25%25%
Net Profit79-4-10347713-4308620-121378
EPS in Rs38.28-1.91-4.9116.3637.366.20-1.8914.6241.639.66-5.596.4537.71

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3643934905776185775766567266229041,1181,092
Expenses283322396454497500462558601506720898907
Operating Profit8271941241217711399124116184220185
OPM %22%18%19%21%20%13%20%15%17%19%20%20%17%
Other Income3121418152418181220232127
Interest749171612891714172633
Depreciation671633292521193334374251
Profit before tax737282919065102898688153172128
Tax %33%32%34%35%35%32%34%33%27%25%25%23%
Net Profit49495460594468606366114133100
EPS in Rs25.9122.7725.0327.5027.1220.3231.2527.4230.2431.9855.0164.0348.23
Dividend Payout %0%0%0%36%37%49%38%0%17%47%36%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%10.20%11.11%-1.67%-25.42%54.55%-11.76%5.00%4.76%72.73%16.67%
Change in YoY Net Profit Growth (%)0.00%10.20%0.91%-12.78%-23.76%79.97%-66.31%16.76%-0.24%67.97%-56.06%

Monte Carlo Fashions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:10%
3 Years:20%
TTM:-5%
Compounded Profit Growth
10 Years:1%
5 Years:0%
3 Years:-3%
TTM:-50%
Stock Price CAGR
10 Years:%
5 Years:22%
3 Years:11%
1 Year:10%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:14%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital222222222222212121212121
Reserves303358392424474490463524583667756775
Borrowings8911812998655648117118156331382
Other Liabilities73127140167142156257249214274389339
Total Liabilities4876256827117047237889109371,1171,4971,517
Fixed Assets105167181163163156150228225232281328
CWIP232011300213190
Investments40504850117128138134178217243241
Other Assets318387452497421438501546533664954949
Total Assets4876256827117047237889109371,1171,4971,517

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +5065234585241263711271-583
Cash from Investing Activity +-196-85-1827-132110-30-82-48-483
Cash from Financing Activity +14620-6-71-72-44-104-38-31-2253-85
Net Cash Flow1-10-0-0131-31-1-00-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow82.00-18.00-24.00-5.0023.0012.0057.0051.007.00-2.0028.00-111.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6966769093120122127135105124127
Inventory Days192196230260225217203206222217283260
Days Payable-1211810212511513814315915310411985
Cash Conversion Cycle273144204225202200182173204218288303
Working Capital Days12479109118141160113136159138180201
ROCE %24%20%21%19%13%19%18%17%15%22%20%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%
FIIs0.97%2.70%3.06%3.29%2.93%1.85%1.40%1.23%1.08%1.10%0.98%0.99%
DIIs0.78%0.63%0.59%0.44%0.65%0.58%0.68%1.18%1.61%1.97%1.95%1.59%
Public25.08%23.50%23.19%23.10%23.25%24.40%24.76%24.41%24.15%23.75%23.90%24.24%
No. of Shareholders34,82233,34233,29231,68730,88930,90430,48228,11129,08229,91629,30930,230

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21
FaceValue10.0010.0010.0010.00
Basic EPS (Rs.)28.9163.9254.9631.98
Diluted EPS (Rs.)28.9163.9254.9631.98
Cash EPS (Rs.)53.6284.0872.9348.47
Book Value[Excl.RevalReserv]/Share (Rs.)383.40374.53331.50291.38
Book Value[Incl.RevalReserv]/Share (Rs.)383.40374.53331.50291.38
Revenue From Operations / Share (Rs.)512.26539.17436.19300.03
PBDIT / Share (Rs.)81.70115.0299.0865.47
PBIT / Share (Rs.)56.9994.8781.1148.97
PBT / Share (Rs.)38.9183.0773.5542.46
Net Profit / Share (Rs.)28.9163.9354.9631.98
NP After MI And SOA / Share (Rs.)28.9163.9354.9631.98
PBDIT Margin (%)15.9421.3322.7121.82
PBIT Margin (%)11.1217.5918.5916.32
PBT Margin (%)7.5915.4016.8614.15
Net Profit Margin (%)5.6411.8512.5910.65
NP After MI And SOA Margin (%)5.6411.8512.5910.65
Return on Networth / Equity (%)7.5417.0616.5710.97
Return on Capital Employeed (%)11.9120.6421.1414.35
Return On Assets (%)3.958.8510.157.07
Long Term Debt / Equity (X)0.160.000.010.01
Total Debt / Equity (X)0.430.260.090.05
Asset Turnover Ratio (%)0.700.850.870.00
Current Ratio (X)1.881.952.482.96
Quick Ratio (X)1.051.111.592.08
Inventory Turnover Ratio (X)0.260.370.930.00
Dividend Payout Ratio (NP) (%)69.1831.2727.2915.63
Dividend Payout Ratio (CP) (%)37.3023.7820.5610.31
Earning Retention Ratio (%)30.8268.7372.7184.37
Cash Earning Retention Ratio (%)62.7076.2279.4489.69
Interest Coverage Ratio (X)4.529.7513.1010.05
Interest Coverage Ratio (Post Tax) (X)2.606.428.265.91
Enterprise Value (Cr.)1624.641478.991001.97460.94
EV / Net Operating Revenue (X)1.531.321.110.74
EV / EBITDA (X)9.596.204.883.40
MarketCap / Net Operating Revenue (X)1.211.161.110.75
Retention Ratios (%)30.8168.7272.7084.36
Price / BV (X)1.621.661.460.77
Price / Net Operating Revenue (X)1.211.161.110.75
EarningsYield0.040.100.110.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Monte Carlo Fashions Ltd as of November 21, 2024 is: 845.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Monte Carlo Fashions Ltd is Undervalued by 10.35% compared to the current share price 766.00

Intrinsic Value of Monte Carlo Fashions Ltd as of November 21, 2024 is: 927.97

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Monte Carlo Fashions Ltd is Undervalued by 21.14% compared to the current share price 766.00

Last 5 Year EPS CAGR: 9.79%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.25%, which is a positive sign.
  2. The company has higher reserves (517.42 cr) compared to borrowings (142.25 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (500.38 cr) and profit (99.31 cr) over the years.
  1. The stock has a high average Working Capital Days of 138.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 218.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Monte Carlo Fashions Ltd:
    1. Net Profit Margin: 5.64%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.91% (Industry Average ROCE: 12.96%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.54% (Industry Average ROE: 15.23%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.6
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.05
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 29.4 (Industry average Stock P/E: 53.66)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.43
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Monte Carlo Fashions Ltd. is a Public Limited Listed company incorporated on 01/07/2008 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L51494PB2008PLC032059 and registration number is 032059. Currently Company is involved in the business activities of Manufacture of knitted and crocheted apparel. Company’s Total Operating Revenue is Rs. 904.32 Cr. and Equity Capital is Rs. 20.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsB-XXIX-106, G.T. Road, Ludhiana Punjab 141003investor@montecarlocorporate.com
http://www.montecarlocorporate.com
Management
NamePosition Held
Mr. Jawahar Lal OswalChairman & Managing Director
Mr. Sandeep JainExecutive Director
Mrs. Ruchika OswalExecutive Director
Mrs. Monica OswalExecutive Director
Mr. Rishabh OswalExecutive Director
Mr. Dinesh GognaNon Executive Director
Mr. Alok Kumar MisraIndependent Director
Dr. Manisha GuptaIndependent Director
Dr. Suresh Kumar SinglaIndependent Director
Dr. Roshan Lal BehlIndependent Director
Mr. Manikant Prasad SinghIndependent Director
Mr. Parvinder Singh PruthiIndependent Director
Dr. Anchal Kumar JainAdditional Director
Mr. Bhuwanchandra Balkrishna JoshiAdditional Director
Dr. Yash Paul SachdevaAdditional Director

FAQ

What is the latest intrinsic value of Monte Carlo Fashions Ltd?

The latest intrinsic value of Monte Carlo Fashions Ltd as on 21 November 2024 is ₹845.25, which is 10.35% higher than the current market price of ₹766.00.

What is the Market Cap of Monte Carlo Fashions Ltd?

The Market Cap of Monte Carlo Fashions Ltd is 1,588 Cr..

What is the current Stock Price of Monte Carlo Fashions Ltd as on 21 November 2024?

The current stock price of Monte Carlo Fashions Ltd as on 21 November 2024 is ₹766.

What is the High / Low of Monte Carlo Fashions Ltd stocks in FY 2024?

In FY 2024, the High / Low of Monte Carlo Fashions Ltd stocks is 929/561.

What is the Stock P/E of Monte Carlo Fashions Ltd?

The Stock P/E of Monte Carlo Fashions Ltd is 29.4.

What is the Book Value of Monte Carlo Fashions Ltd?

The Book Value of Monte Carlo Fashions Ltd is 362.

What is the Dividend Yield of Monte Carlo Fashions Ltd?

The Dividend Yield of Monte Carlo Fashions Ltd is 2.61 %.

What is the ROCE of Monte Carlo Fashions Ltd?

The ROCE of Monte Carlo Fashions Ltd is 10.6 %.

What is the ROE of Monte Carlo Fashions Ltd?

The ROE of Monte Carlo Fashions Ltd is 7.74 %.

What is the Face Value of Monte Carlo Fashions Ltd?

The Face Value of Monte Carlo Fashions Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Monte Carlo Fashions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE