MONARCH NETWORTH CAPITAL LTD (MONARCH): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹342.8 latest close · −0.9% over the last 90 sessions

₹342.8 month-end · +12.1% over 12 months

₹342.8 month-end · +40.6% over 3 years

₹342.8 month-end · +341.5% since Jan '22

52-week range ₹235.45 to ₹406.95 · 1-year volatility 34.7%

Was the rally earned?

1 year3 years

+12%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 16 points, but investors now pay less per rupee of profit (P/E 15.6x to 15.0x), which took 4 points back.
The share count barely moved.

Net profit growth+17 ptsNet profit rose about 17%, which lifts the price.

P/E change-4 ptsThe P/E fell from 15.6x to 15.0x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+41%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 153 points, but investors now pay less per rupee of profit (P/E 38.4x to 15.0x), which took 112 points back.
The share count rose 17%.

Net profit growth+171 ptsNet profit rose about 321%, which lifts the price.

P/E change-112 ptsThe P/E fell from 38.4x to 15.0x, which lowers the price.

Share count change-19 ptsShare count rose 17%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BSE

How rough has the ride been?

Maximum drawdown-52.1%recovered 2023-10

1-year volatility34.7%annualised

Beta vs sector index1.143-year daily, correlation 0.52

Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-52.1% (2022-12 peak to 2023-03 low, recovered 2023-10)

-49.4% (2025-01 peak to 2026-03 low, not yet recovered)

-31.7% (2022-05 peak to 2022-07 low, recovered 2022-08)

Most recent volume spikes

2026-08-14: 10.3x the 50-day median, price +3.0% that day

2026-08-11: 5.8x the 50-day median, price -4.3% that day

2026-07-28: 5.9x the 50-day median, price -1.5% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

15.0xP/E todayWithin its usual range

Against its own history25th percentile

CheapestMedian 18.2xDearest

Usual range 14.3x to 39.7x since 2022-01.

Against Finance15.0x vs 18.1x

This company

15.0x

Sector median

18.1x

17% below the Finance median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianFinance median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Finance is valued

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE88thflat vs a year ago
Op. margin81st▲ 5 pts vs a year ago
Revenue growth42nd▼ 13 pts vs a year ago
EPS growth62nd▲ 23 pts vs a year ago
Debt/equity ↓65thflat vs a year ago
Cash cycle ↓16th▼ 18 pts vs a year ago
P/E ↓65th▼ 8 pts vs a year ago
12M momentum81st▲ 49 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~17%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 24.7x, a holder earning 12%/yr needs earnings to grow about 17.4%/yr for 10 years, then trade at 15x.

Delivered35.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap−17.6 ptsimplied minus delivered

Rank764thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	18.9%	20.0%	21.1%
15x	16.4%	17.4%	18.5%
20x	13.1%	14.1%	15.1%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 17.4%/yr

Looking back

Jan 2022Price implied 22%/yr; EPS has since grown 42%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹342.80
P/E: 15.0x
ROCE: 28.0%
Market Cap: ₹2717 cr
Revenue (TTM): ₹365 cr
P/S: 7.4x
P/B: 2.8x
ROE: 18.7%
Operating Margin: 66.0%
Debt / Equity: 0.0x
Promoter Holding: 53.8%
12M Momentum: 12.1%

52-week range

₹235.45₹406.95

63% of the way from its 52-week low to its high

Price risk

1Y volatility

34.7%

Beta vs sector

1-year daily

0.85

Balance sheet & cash

Interest cover

operating profit ÷ interest

35.6x

Cash from profit, 3Y

operating cash flow ÷ net profit

0.08x

low

Share count, 1Y

+1.3%

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold

Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.08xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.08x (cash from operations ₹36 cr, net profit ₹453 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+98 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 98 days (196 vs 98). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, promoters trimmed 2.0 pts; FIIs added 1.8 pts.
The number of shareholders rose from 7,605 to 18,430 (+142%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters55.9%53.8%-2.0 pts

FIIs0.9%2.8%+1.8 pts

DIIs0.0%0.1%+0.1 pts

Public and others43.2%43.2%0.0 pts

Number of shareholders

18,430shareholders+142% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−18.2%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like MONARCH NETWORTH CAPITAL LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −31% to +14% vs the market, against −1% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −16.8%, 80% range −22.0% to −0.7%), but the matches cluster in only 5 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−18.2%

All companies' median

−1.4%

Beat the market

40% vs 48%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
GPPL Transportation	Sep 2024	25x	23%	+77%	−8%	−20%
NEWGEN Technology Services	Mar 2023	19x	27%	−3%	−12%	+138%
CAPLIPOINT Health Technology	Nov 2023	25x	26%	+66%	−4%	+35%
ADVENZYMES Consumer Non-Durables	Apr 2020	15x	24%	−23%	−35%	+72%
ACCELYA Technology Services	Dec 2022	26x	38%	+37%	−15%	−23%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
CARERATING Commercial Services	Oct 2021	23x	21%	+130%	−11%	−31%
CONTROLPR Electronic Technology	Aug 2023	24x	23%	+59%	−1%	−30%
SJS Producer Manufacturing	Sep 2023	31x	21%	+59%	−5%	+1%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and debt/equity. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to MONARCH NETWORTH CAPITAL LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CARE RATINGSCARERATING

Commercial Services

65%similar

ROCEdebt/equity

BOROSIL RENEWABLESBORORENEW

Process Industries

63%similar

P/EROCE

ICRAICRA

Commercial Services

57%similar

promoter holdingROCE

PIX TRANSMISSIONSPIXTRANS

Producer Manufacturing

57%similar

debt/equityvolatility

S.J.S. ENTERPRISESSJS

Producer Manufacturing

54%similar

revenue growthROCE

INDIAN ENERGY EXCHANGEIEX

Finance

54%similar

operating marginvolatility

WEALTH FIRST PORTFOLIO MGRWEALTH

Finance

46%similar

operating marginrevenue growth

PRUDENT CORPORATE ADVISORYPRUDENT

Finance

42%similar

debt/equityrevenue growth

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '23

2026
JulPriceVolume reached 59.8x its 50-day median on 2026-07-27; price +11.1% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
JunPriceVolume reached 8.8x its 50-day median on 2026-06-15; price -0.5% that day.
MarPriceFell 49% from the Jan 2025 peak to the Mar 2026 low.
MarPriceVolume reached 15.6x its 50-day median on 2026-03-13; price +2.9% that day.
FebValuationP/E fell below the 10th percentile of its own history to date (14.2x).
JanDebtDebt / equity halved over 12 months to 0.02x.

Show 22 earlier events

2025
SepResultsYear-on-year EPS growth turned negative.
SepPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
JulPriceVolume reached 8.2x its 50-day median on 2025-07-03; price +4.6% that day.
JunPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
JunDebtDebt / equity halved over 12 months to 0.02x.
JunSharesShare count is up 129.4% over 12 months.
MarPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
JanPriceVolume reached 7.1x its 50-day median on 2025-01-02; price +6.8% that day.
2024
DecPromoterPromoter holding fell 3.1 pts to 52.8%.
DecPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
AugPriceRegained the 2024-02 peak, 2 months after the low.
JulPriceVolume reached 18.1x its 50-day median on 2024-07-24; price +7.1% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPriceFell 30% from the Feb 2024 peak to the Jun 2024 low.
JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 3rd quartile).
JunDividendDividend payout cut from 8% to 3% of profit.
JanValuationP/E crossed above the 90th percentile of its own history to date (46.7x).
2023
NovPriceVolume reached 7.8x its 50-day median on 2023-11-07; price +3.6% that day.
OctPriceRegained the 2022-12 peak, 7 months after the low.
JulPriceVolume reached 10.6x its 50-day median on 2023-07-26; price +0.5% that day.
JunResultsYear-on-year EPS growth turned negative.
JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history59 months · 2022-01 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	15.0x	₹365 cr	18.7%	28.0%	0.0x
2026-10	15.4x	₹365 cr	18.6%	28.0%	0.0x
2026-09	14.8x	₹365 cr	18.6%	28.0%	0.0x
2026-08	16.6x	₹372 cr	18.6%	28.0%	0.0x
2026-07	17.1x	₹372 cr	18.6%	28.0%	0.0x
2026-06	14.7x	₹372 cr	18.6%	28.0%	0.0x
2026-05	16.6x	₹333 cr	20.1%	33.0%	0.0x
2026-04	14.6x	₹333 cr	20.1%	33.0%	0.0x
2026-03	12.3x	₹333 cr	20.1%	33.0%	0.0x
2026-02	14.2x	₹319 cr	19.6%	33.0%	0.0x
2026-01	15.1x	₹319 cr	19.6%	33.0%	0.0x
2025-12	15.6x	₹319 cr	19.6%	33.0%	0.0x
2025-11	15.6x	₹340 cr	19.5%	33.0%	0.0x
2025-10	15.7x	₹340 cr	19.5%	33.0%	0.0x
2025-09	16.0x	₹340 cr	19.5%	33.0%	0.0x
2025-08	16.0x	₹327 cr	18.8%	33.0%	0.0x
2025-07	18.2x	₹327 cr	18.8%	33.0%	0.0x
2025-06	17.1x	₹327 cr	18.8%	33.0%	0.0x
2025-05	14.6x	₹334 cr	45.1%	52.0%	0.3x
2025-04	14.7x	₹334 cr	45.1%	52.0%	0.3x
2025-03	15.6x	₹334 cr	45.1%	52.0%	0.3x
2025-02	15.2x	₹340 cr	44.5%	52.0%	0.3x
2025-01	19.6x	₹340 cr	44.5%	52.0%	0.3x
2024-12	20.1x	₹340 cr	44.5%	52.0%	0.3x
2024-11	19.5x	₹314 cr	42.5%	52.0%	0.3x
2024-10	20.5x	₹314 cr	42.5%	52.0%	0.3x
2024-09	18.6x	₹314 cr	42.5%	52.0%	0.3x
2024-08	21.7x	₹278 cr	35.5%	52.0%	0.3x
2024-07	18.5x	₹278 cr	35.5%	52.0%	0.3x
2024-06	14.3x	₹278 cr	35.5%	52.0%	0.3x
2024-05	40.6x	₹162 cr	19.4%	31.0%	0.0x
2024-04	45.5x	₹162 cr	19.4%	31.0%	0.0x
2024-03	41.7x	₹162 cr	19.4%	31.0%	0.0x
2024-02	48.1x	₹162 cr	19.4%	31.0%	0.0x
2024-01	46.7x	₹162 cr	19.4%	31.0%	0.0x
2023-12	34.3x	₹162 cr	19.4%	31.0%	0.0x
2023-11	38.4x	₹162 cr	19.4%	31.0%	0.0x
2023-10	32.0x	₹162 cr	19.4%	31.0%	0.0x
2023-09	26.3x	₹162 cr	19.4%	31.0%	0.0x
2023-08	27.4x	₹162 cr	19.4%	31.0%	0.0x
2023-07	26.9x	₹162 cr	19.4%	31.0%	0.0x
2023-06	19.1x	₹162 cr	19.4%	31.0%	0.0x
2023-05	11.6x	₹154 cr	32.1%	50.0%	0.1x
2023-04	12.1x	₹154 cr	32.1%	50.0%	0.1x
2023-03	11.1x	₹154 cr	32.1%	50.0%	0.1x
2023-02	12.0x	₹154 cr	32.1%	50.0%	0.1x
2023-01	16.8x	₹154 cr	32.1%	50.0%	0.1x
2022-12	19.9x	₹154 cr	32.1%	50.0%	0.1x
2022-11	22.3x	₹154 cr	32.1%	50.0%	0.1x
2022-10	20.1x	₹154 cr	32.1%	50.0%	0.1x
2022-09	20.3x	₹154 cr	32.1%	50.0%	0.1x
2022-08	22.2x	₹154 cr	32.1%	50.0%	0.1x
2022-07	14.8x	₹154 cr	32.1%	50.0%	0.1x
2022-06	14.8x	₹154 cr	32.1%	50.0%	0.1x
2022-05	39.4x	₹103 cr	22.2%	41.0%	0.0x
2022-04	41.6x	₹103 cr	22.2%	41.0%	0.0x
2022-03	24.6x	₹103 cr	22.2%	41.0%	0.0x
2022-02	22.3x	₹103 cr	22.2%	41.0%	0.0x
2022-01	19.8x	₹103 cr	22.2%	41.0%	0.0x

Methodology and data notes