MONARCHFinancial Services

Monarch Networth Capital Limited

Stockbroking & Allied · ISIN INE903D01011 · BSE 511551 · NSE EQ · FV ₹10
Last price
₹368
-0.31%today
What this company does

Monarch Networth Capital Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹91 cr of revenue in its latest quarter (Q1 FY27) and kept 49.7% of sales as profit. It is the 9th largest of 9 Stockbroking & Allied companies we track, by market value.

Monarch Networth Capital Limited (hereafter FY25 FY30 referred as ‘MNCL’ or ‘the Company’) is a prominent player within the Indian financial services industry. The Indian equity market is also in the spotlight for The firm has garnered three decades of experience its IPO action.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 26–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns76

How much profit it earns on the money it employs

Cash quality61

Whether reported profit actually arrives as cash

Growth & consistency93

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 50% net margin
Promoters hold 54%
Strong 19% return on equity
Virtually debt-free
Watch-outs
! Sales down 7% vs last year
! 5.5% of promoter stake pledged
! Operating cash flow is negative

What if I invest in MONARCH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹368 -0.31%
latest close · 2026-09-17
52-wk low ₹68161 sessions so far52-wk high ₹407
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.1Average
LowAverageHigh
P/B ratio3.00High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.6%Strong
WeakFairStrong ▸15%
Return on capital23.6%Strong
WeakFairStrong
Net margin49.7%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Current ratio2.60Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,917 cr
Book value
₹122
EPS
₹5.70
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
11.5%
Earnings yield
6.20%
P/S
8.02
Sales / share
₹45.8
Tax rate
18.7%
Face value
₹10
Shares
7.9 cr
Working capital
₹949 cr
Current assets
₹1,542 cr
Current liabilities
₹593 cr
Delivery %
53.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹235 vs market price ₹368 — price is 57% above it
Safety cushion-56.5%(target ≥ +20%)
Models span ₹221₹249, midpoint ₹235
Model ₹235
Price ₹368
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹91 cr
Other Income₹16.5 L
Total Income₹91 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹14 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹17 cr
Total Expenses₹35 cr
Profit before Tax₹56 cr
Tax Expense₹10 cr
Net Profit₹45 cr
Net margin on total income49.6%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹14 cr15.8%
Finance costs₹2 cr2.5%
Depreciation & amortisation₹2 cr2.5%
Other expenses₹17 cr18.2%
Tax expense₹10 cr11.4%
Profit for the period₹45 cr49.6%
Total income ₹91 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue91 cr100 cr91 cr
Total income92 cr100 cr91 cr
Expenses31 cr36 cr35 cr
Profit before tax61 cr63 cr56 cr
Tax15 cr18 cr10 cr
Net profit (owners' share)45 cr46 cr45 cr
Net margin (owners' share, on revenue)49.8%45.6%49.7%
EPS (₹)5.735.755.70
YoY (latest quarter): total income -7.5% · net profit -0.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,572 cr
Shareholder equity
₹971 cr
parent shareholders
Total debt
₹27 cr
Cash
₹273 cr
Cash flow · H1 FY26
Operating
₹-66 cr
Investing
₹71 cr
Financing
₹-19 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹187₹1.17 L cr39.4
Motilal Oswal Financial Services Limited₹989₹59,534 cr11.7
360 ONE WAM LIMITED₹1,061₹43,163 cr32.6
Nuvama Wealth Management Limited₹1,687₹30,803 cr25.1
Angel One Limited₹295₹26,949 cr29.0
IIFL Capital Services Limited₹337₹10,562 cr14.2
Share India Securities Limited₹218₹4,780 cr9.6
Anand Rathi Share and Stock Brokers Limited₹501₹3,155 cr33.7
Monarch Networth Capital Limitedthis company₹368₹2,917 cr16.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.54%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹1
ex 21 Aug 2026
ActionDetailEx-date
Dividend₹1 / share21 Aug 2026
Dividend₹1 / share19 Sep 2025
Bonus issue1:113 Sep 2024
Dividend₹1 / share2 Aug 2024
Dividend₹1 / share15 Sep 2023
Dividend₹1 / share14 Sep 2022
Who owns it · 2026-06-30
5.5% pledged
Promoter
53.8%
FII / Foreign
2.8%
DII / Domestic
0.1%
Retail / others
43.2%
Promoter stake down 2.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldShailen Shah · Promoters1.00 L28 Jul 25
BoughtYANTRA ESOLARINDIA PRIVATE LIMITED · -20,000 · ₹87.5 L29 Dec 23
BoughtYANTRA ESOLARINDIA PRIVATE LIMITED · -1.04 L · ₹4.7 cr22 Dec 23
Bulk / block deals
short · NSE49412 Feb 26
short · NSE1215 Sep 25
short · NSE13 Sep 25
Stake changes
BoughtMonarch Infraparks Private Limited · promoter→ 6.17% · 50,00027 Mar 26
BoughtMonarch Infrapark Private Limited · promoter→ 6.10% · 36,59325 Mar 26
BoughtMonarch Infrapark Private Limited · promoter→ 6.05% · 1.74 L24 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
To receive, consider and adopt the Audited (Standalone) Statement of Profit and Loss, Cash Flow Statement of the Company for the financial year ended 31st March, 2025 and the Balance Sheet as at 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
3.63 L votes for, 206 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited (Consolidated) Statement of Profit and Loss, Cash Flow Statement of the Company for the financial year ended 31st March, 2025 and the Balance Sheet as at 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.63 L votes for, 206 against · 0% of mutual funds and other big investors said no
3
To declare Final Dividend of Rs. 1/- per Equity Share for the financial year ended 31st March, 2025
Backed by 100% of shareholders other than promotersneeded 50%
3.63 L votes for, 206 against · 0% of mutual funds and other big investors said no
4
To re-appoint Mr. Ashok Daulatraj Bafna (DIN: 01431472), Whole-Time Director, who retires by rotation and being eligible, offers himself for reappointment as a Director.
Backed by 100% of shareholders other than promotersneeded 50%
3.63 L votes for, 206 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 53.8% between them · as of 2026-06-30
Manju Suresh Bafna10.28%
Vaibhav Jayantilal Shah8.76%
Bela Himanshu Shah6.27%
Monarch Infraparks Private Limited6.19%
Bankim Jayantilal Shah5.56%
Simandhar Securities Private Limited3.65%
Kinnari Vaibhav Shah3.31%
Himanshu Jayantilal Shah3.30%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.