Scrip Watch

Monte Carlo Fashions Ltd

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Monte Carlo Fashions Ltd

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.

 

 

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