Monte Carlo Fashions Ltd
Other Apparels & Accessories
FV – Rs 10; 52wks H/L – 317/128; TTQ – 14 K; CMP – Rs 170 (As On June 24, 2020);
Market Cap – Rs 351 Crs
Consolidated Financials and Valuations (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
|
| FY19 | 20.73 | 484 | 45 | 656 | 60 | 233 | 28.7 | 5.9 | 31.1 | 0.7 | 67.91 |
| Q3 FY20 | 20.73 | 556 | 178 | 627 | 73 | 265 | 34.8 | 4.9 | 31.1 | 0.6 | 68.2 |
Debt to Equity – 1
ROE – 12%
Market Cap/Sales – 0.5
Monte Carlo Fashions Limited announces a new range of products in the Medical Textile Range i.e. Face Masks (3 PLY Masks , KN9S Mask and N95 Mask) and Personal Protective Equipment (PPE Kit), keeping in view the requirements of medical workers and demand of consumers due to Novel Corona virus (COVID19). https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b9f09bc-512d-4467-b26c-a4032ae7ff94.pdf
Company had done buy back of Rs. 55 Crs (Rs.550 per share)in FY19 to reward shareholders through tender offer. Promoters have not participated in the buy back.
Overview:
- Monte Carlo Fashions Ltd, established in 1984, is recognized as ‘Superbrand’ for woollen knitted apparels by Consumer Superbrands India since 2004. Under the umbrella brand of ‘Monte Carlo’, Company has a comprehensive product portfolio across woolen, cotton & cotton blended, home furnishing and kids segments.
- The Company has various sub-brands under the Umbrella Brand ‘Monte Carlo.
- The company has 3 manufacturing facilities in Ludhiana, Punjab – 1 for woolen apparels & 2 for cotton apparels.
- The manufacturing facilities include facilities for product development, design studio and sampling infrastructure.
- The company has recently started in-house manufacturing of cotton t-shirts and thermals.
- The home furnishing products are outsourced from a network of job work entities.
- The company has wide-spread retail presence across India through a judicious mix of EBOs, MBOs and national chain stores located in 22 states & 1 union territory
Source – Company Presentation
Management:
- Jawaharlal Oswal – Chairman &MD
- Raj Kapoor Sharma – CFO
Shareholding Pattern:
Major Holdings:
| Non – Promoters | % held |
| Kanchi Investments (Samara Capital) | 9.40% |
| Goldman Sachs India | 3.13% |
Share Price Trend:
Price Snapshot:
| Year | Open (Rs.) | High (Rs.) | Low (Rs.) | Close (Rs.) |
| 2014 | 585 | 632.45 | 501.75 | 539.55 |
| 2015 | 537.45 | 602 | 381 | 545.6 |
| 2016 | 537.25 | 550.75 | 337 | 417.6 |
| 2017 | 420 | 640.1 | 370 | 615.6 |
| 2018 | 604 | 664 | 328.1 | 383.3 |
| 2019 | 382 | 395 | 216.05 | 299.05 |
| 2020 | 298.25 | 308.75 | 128 | 168.45 |
Consolidated Financials: (Rs. Crs unless specified)
| Particulars | 2019 |
2018 | 2017 | 2016 | 2015 |
| FV (Rs) | 10 | 10 | 10 | 10 | 10 |
| Equity | 21 | 22 | 22 | 22 | 22 |
| Net Worth | 484 | 511 | 470 | 446 | 413 |
| Total Debt | 45 | 53 | 50 | 50 | 0 |
| Sales | 656 | 576 | 600 | 635 | 602 |
| Net Profit | 60 | 68 | 42 | 59 | 60 |
| EPS (Rs) | 28.7 | 31.3 | 19.5 | 27.1 | 27.5 |
| BV (Rs) | 233 | 235 | 216 | 205 | 190 |
The major reasons for decrease in Net profit of the company is due to increase in advertisement costs and unspent amount of CSR for the previous years 2016-17, 2017-18 and current year 2018-19 has been paid during the year.
