Monte Carlo Fashions Ltd. (IN:MONTECARLO)
:MONTECARLO
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Monte Carlo Fashions Ltd.
(MONTECARLO)
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Rating:72Outperform
Price Target:
₹626.00
▲(11.20% Upside)
Action:Upgraded
Date:05/21/26
The score is driven primarily by very strong valuation (low P/E and a healthy dividend yield). Financial performance is solid but held back by higher leverage and uneven cash flow conversion, while technical indicators show only moderate momentum with a mixed longer-term trend.
Positive Factors
Brand & Distribution
A clear brand identity in seasonal and casual wear plus a mixed retail and distributor network provides durable revenue diversification. Owning both wholesale and brand-controlled retail routes reduces channel concentration risk and supports steady product reach across geographies and seasons.
Negative Factors
Rising Leverage
Steady increases in total debt and a near tripling of leverage since FY2022 reduce balance-sheet flexibility and elevate refinancing and interest-rate risk. Higher leverage constrains strategic options during downturns and makes margins more vulnerable to rising funding costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand & Distribution
A clear brand identity in seasonal and casual wear plus a mixed retail and distributor network provides durable revenue diversification. Owning both wholesale and brand-controlled retail routes reduces channel concentration risk and supports steady product reach across geographies and seasons.
Read all positive factors
Monte Carlo Fashions Ltd. (MONTECARLO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.68B
Dividend Yield2.83%
Average Volume (3M)6.47K
Price to Earnings (P/E)3.1
Beta (1Y)1.21
Revenue Growth15.95%
EPS Growth38.04%
CountryIN
Employees2,020
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)41.64
Shares Outstanding20,732,063
10 Day Avg. Volume2,853
30 Day Avg. Volume6,472
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.07
Price to Sales (P/S)0.76
P/FCF Ratio15.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Monte Carlo Fashions Ltd. Business Overview & Revenue Model
Company Description
Monte Carlo Fashions Limited engages in manufacturing and trading woolen/cotton readymade apparels under the Monte Carlo brand in India and internationally. The company provides shirts, trousers, denims, Bermudas, lowers, hi-street fashion shirts,...
How the Company Makes Money
MONTECARLO primarily makes money by selling branded apparel and lifestyle products. Revenue is generated through: (1) sales of finished goods sold under its brand via wholesale/distributor networks and direct retail routes (e.g., sales to multi-br...
Monte Carlo Fashions Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.42B | 12.76B | 11.00B | 10.61B | 11.18B | 9.03B |
| Gross Profit | 5.12B | 4.20B | 3.45B | 4.04B | 5.25B | 3.76B |
| EBITDA | 2.35B | 2.27B | 2.22B | 1.71B | 2.38B | 2.06B |
| Net Income | 863.40M | 1.12B | 811.70M | 599.40M | 1.33B | 1.14B |
Balance Sheet | ||||||
| Total Assets | 19.53B | 19.20B | 17.16B | 15.16B | 14.96B | 11.22B |
| Cash, Cash Equivalents and Short-Term Investments | 2.04B | 1.16B | 1.73B | 1.29B | 1.84B | 2.09B |
| Total Debt | 7.43B | 5.80B | 5.14B | 3.82B | 3.31B | 1.56B |
| Total Liabilities | 11.19B | 10.15B | 8.81B | 7.21B | 7.20B | 4.34B |
| Stockholders Equity | 8.34B | 9.06B | 8.34B | 7.95B | 7.76B | 6.87B |
Cash Flow | ||||||
| Free Cash Flow | -1.93B | 627.20M | 212.90M | 466.90M | -585.90M | 454.72M |
| Operating Cash Flow | -1.85B | 1.01B | 593.50M | 814.60M | -52.90M | 705.53M |
| Investing Cash Flow | 60.00M | -452.70M | -456.00M | 35.30M | -463.40M | -481.88M |
| Financing Cash Flow | 1.81B | -548.30M | -142.50M | -852.20M | 529.20M | -223.85M |
Monte Carlo Fashions Ltd. Technical Analysis
Negative
562.95
Price Trends
539.59
Positive
572.42
Negative
617.04
Negative
Market Momentum
7.67
Positive
50.45
Neutral
26.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MONTECARLO, the sentiment is Negative. The current price of 562.95 is below the 20-day moving average (MA) of 566.43, above the 50-day MA of 539.59, and below the 200-day MA of 617.04, indicating a neutral trend. The MACD of 7.67 indicates Positive momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 26.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MONTECARLO.
Monte Carlo Fashions Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.68B | 3.10 | ― | 2.83% | 15.95% | 38.04% | |
67 Neutral | ₹11.75B | 19.56 | ― | 1.82% | 0.72% | -13.20% | |
64 Neutral | ₹15.68B | 27.11 | ― | 0.82% | 8.86% | 9.72% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹426.97B | 53.03 | ― | 1.71% | 5.38% | 11.25% | |
59 Neutral | ₹40.92B | 64.82 | ― | 0.18% | 16.20% | -37.47% | |
57 Neutral | ₹13.41B | 22.72 | ― | ― | -1.20% | -36.66% |
* Consumer Cyclical Sector Average
IN:MONTECARLO
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Monte Carlo Fashions Ltd. Corporate Events
Monte Carlo Fashions Closes Trading Window Ahead of FY 2026 Results
Mar 21, 2026
Monte Carlo Fashions Ltd. has notified the stock exchanges that its trading window for dealing in the company’s securities will be closed for promoters, directors, key managerial personnel, designated persons and their immediate relatives fr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.