As of 6 Nov 2026, Monte Carlo Fashions trades at 9.8× trailing earnings, below the industry P/E of 17.2×, and the shares are 42% below their 52-week high. It earns ROCE of 17% and ROE of 10%, and sales grew 4.5% a year over 3 years while net profit fell 5.4%. Its dividend yield is 4.0%, and debt is 0.97× equity. It is a small-cap company with a market cap of ₹1,032 Cr, ranked 15th of 61 Apparel Manufacturing companies by market cap; the shares fell 32% over the past year.
- ₹490.85
- ₹500.00
- ₹484.05
- ₹492.85
- 15.1K
Health check
- ReturnsBehind
−32.0% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 9.8 vs industry 17.2.
- GrowthSteady
Sales +4.5%, profit −5.4% a year over 3 years.
- ProfitabilityAverage
ROCE 16.9% vs peer median 20.1%.
- Balance sheetFair
Debt 0.97× equity, interest covered 3.9×, Piotroski 5 of 9.
- Red flags2 to check
Quarterly profit down 92.9% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,032 Cr
- Small cap
- P/E
- 9.8
- Industry 17.2
- Price to book
- 1.18
- Peers 5.48
- Dividend yield
- 4.02%
- ROE
- 10.5%
- Peers 20.0%
- ROCE
- 16.9%
- Peers 20.1%
- Debt to equity
- 0.97
- Debt ₹857 Cr
- EPS (TTM)
- ₹50.57
- Face value ₹10
- OPM (TTM)
- 17.1%
- Net margin 6.9%
- Sales growth
- +7.6%
- Latest quarter vs a year ago
- Profit growth
- −92.9%
- Latest quarter vs a year ago
- Price to sales
- 0.79
- EV/EBITDA 10.8
Strengths and risks
Strengths
- Dividend yield of 4.02%.
- P/E of 9.8 against an industry P/E of 17.2.
Risks to check
- Quarterly profit down 92.9% on a year ago.
- 42% below its 52-week high.
About Monte Carlo Fashions
Monte Carlo Fashions Limited manufactures and trades in woolen, cotton, cotton-blended, knitted, and woven garments for men, women, and kids in India and internationally. The company offers sweaters, sweatshirts, jackets, coats, T-shirts, shirts, jeans, trousers, suits, thermals, mufflers, mink blankets, bedsheets, towels, footwear, denims, jackets, sports and fitness wear; bermudas, lowers, high-street fashion shirts, tops, dresses, jumpsuits, urban…
- Headquarters
- Ludhiana
- Employees
- 2,360
- Sector
- Consumer Cyclical
- ISIN
- INE950M01013
- Website
- montecarlocorporate.com
Price range
- Avg volume (3M)
- 50.9K
- 1-year return
- minus 32.0%
- From 52-week high
- minus 42.2%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| MONTECARLOMonte Carlo Fashions | 497.85 | plus 1.01% | 1,032 | 9.8 | 1.18 | 16.9% | 10.5% | 6.0% | 4.5% | −5.4% | 4.02% | minus 32.0% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 139 | 249 | 608 | 280 | 149 | |
| 144 | 207 | 443 | 254 | 162 | |
| −5.9 | 41.5 | 166 | 25.8 | −12.9 | |
| −4.2% | 16.7% | 27.2% | 9.2% | −8.7% | |
| 10.4 | 9.2 | 8.5 | 8 | 10.5 | |
| 10.9 | 12.9 | 15.1 | 11.6 | 12.3 | |
| 15.2 | 16.1 | 17.1 | 17.2 | 16.9 | |
| −21.6 | 21.8 | 142 | 5 | −31.7 | |
| 24.8% | 25.3% | 24.7% | −1.4% | 26.1% | |
| −16.2 | 16.3 | 107 | 5 | −23.4 | |
| -7.82 | 7.84 | 51.61 | 2.42 | -11.30 |
Profit & loss
- Sales CAGR 3Y
- +4.5%
- Profit CAGR 3Y
- −5.4%
- EPS CAGR 3Y
- −5.4%
- ROE
- 10.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,116 | 1,061 | 1,099 | 1,275 | |
| – | minus 5.0% | +3.6% | +16.0% | |
| 898 | 917 | 911 | 1,045 | |
| 218 | 144 | 188 | 230 | |
| 19.6% | 13.5% | 17.1% | 18.1% | |
| 11.3 | 15.4 | 22.2 | 27.1 | |
| 24.5 | 38.1 | 47.6 | 50.6 | |
| 41.8 | 51.2 | 60.2 | 65.6 | |
| 8.7 | 11.1 | 11.7 | 6.2 | |
| 172 | 80.7 | 114 | 147 | |
| 23.0% | 25.7% | 28.7% | 23.9% | |
| 133 | 59.9 | 81.2 | 112 | |
| – | minus 54.8% | +35.4% | +38.1% | |
| 63.92 | 28.91 | 39.15 | 54.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.7 | 20.7 | 20.7 | 20.7 | |
| 756 | 774 | 813 | 885 | |
| 331 | 382 | 514 | 580 | |
| 389 | 339 | 367 | 435 | |
| 1,496 | 1,516 | 1,716 | 1,920 | |
| 301 | 340 | 394 | 426 | |
| 27.7 | 14.4 | 8.9 | 39.9 | |
| 90.3 | 131 | 108 | 180 | |
| 184 | 129 | 173 | 115 | |
| 894 | 901 | 1,032 | 1,159 | |
| 1,496 | 1,516 | 1,716 | 1,920 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −5.3 | 81.5 | 72.8 | 99.8 | |
| −46.3 | 3.5 | −28.5 | −14.2 | |
| 52.9 | −85.2 | −44.8 | −85.1 | |
| 1.3 | −0.2 | −0.5 | 0.6 | |
| −53.3 | −34.8 | −38.1 | −38 | |
| −58.6 | 46.7 | 34.8 | 61.9 | |
| −41.5 | −41.5 | −41.5 | −41.5 |
Shareholding pattern
- Promoters73.17%
- Public26.83%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.17% | 26.83% | 0.00 | |
| 30 Jun 2026 | 73.17% | 26.83% | 0.00 | |
| 31 Mar 2026 | 73.17% | 26.83% | 0.00 | |
| 31 Dec 2025 | 73.17% | 26.83% | 0.00 | |
| 30 Sep 2025 | 73.17% | 26.83% | – |
Major shareholders
Filings & events
News
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