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Monte Carlo Fashions

NSEI:MONTECARLO
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MONTECARLO
NSEI
₹7B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Monte Carlo Fashions Limited engages in designing, manufacturing, and trading woolen/cotton readymade apparels under the Monte Carlo brand primarily in India. The last earnings update was 71 days ago. More info.


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MONTECARLO Share Price and Events
7 Day Returns
-0.8%
NSEI:MONTECARLO
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-37.6%
NSEI:MONTECARLO
-3.2%
IN Luxury
-0.7%
IN Market
MONTECARLO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Monte Carlo Fashions (MONTECARLO) -0.8% -8.5% -8.8% -37.6% -11.4% -
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • MONTECARLO underperformed the Luxury industry which returned -3.2% over the past year.
  • MONTECARLO underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
MONTECARLO
Industry
5yr Volatility vs Market

MONTECARLO Value

 Is Monte Carlo Fashions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Monte Carlo Fashions to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Monte Carlo Fashions.

NSEI:MONTECARLO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:MONTECARLO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (19.52%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.88 * 8.6%)
15.12%

Discounted Cash Flow Calculation for NSEI:MONTECARLO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Monte Carlo Fashions is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:MONTECARLO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.12%)
2019 144.29 Est @ -36.24% 125.34
2020 110.96 Est @ -23.1% 83.72
2021 95.52 Est @ -13.91% 62.61
2022 88.39 Est @ -7.47% 50.32
2023 85.77 Est @ -2.96% 42.42
2024 85.93 Est @ 0.19% 36.91
2025 87.99 Est @ 2.4% 32.83
2026 91.46 Est @ 3.94% 29.65
2027 96.06 Est @ 5.03% 27.05
2028 101.61 Est @ 5.78% 24.85
Present value of next 10 years cash flows ₹515.69
NSEI:MONTECARLO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹101.61 × (1 + 7.55%) ÷ (15.12% – 7.55%)
₹1,443.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,443.21 ÷ (1 + 15.12%)10
₹352.97
NSEI:MONTECARLO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹515.69 + ₹352.97
₹868.67
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹868.67 / 21.73
₹39.97
NSEI:MONTECARLO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:MONTECARLO represents 0.99971x of BSE:538836
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99971x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 39.97 x 0.99971
₹39.96
Value per share (INR) From above. ₹39.96
Current discount Discount to share price of ₹343.05
= -1 x (₹343.05 - ₹39.96) / ₹39.96
-758.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Monte Carlo Fashions is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Monte Carlo Fashions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Monte Carlo Fashions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MONTECARLO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹28.33
BSE:538836 Share Price ** BSE (2019-04-18) in INR ₹343.15
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Monte Carlo Fashions.

NSEI:MONTECARLO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:538836 Share Price ÷ EPS (both in INR)

= 343.15 ÷ 28.33

12.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Monte Carlo Fashions is good value based on earnings compared to the IN Luxury industry average.
  • Monte Carlo Fashions is good value based on earnings compared to the India market.
Price based on expected Growth
Does Monte Carlo Fashions's expected growth come at a high price?
Raw Data
NSEI:MONTECARLO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Monte Carlo Fashions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Monte Carlo Fashions's assets?
Raw Data
NSEI:MONTECARLO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹234.71
BSE:538836 Share Price * BSE (2019-04-18) in INR ₹343.15
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:MONTECARLO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:538836 Share Price ÷ Book Value per Share (both in INR)

= 343.15 ÷ 234.71

1.46x

* Primary Listing of Monte Carlo Fashions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Monte Carlo Fashions is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Monte Carlo Fashions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Monte Carlo Fashions has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MONTECARLO Future Performance

 How is Monte Carlo Fashions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Monte Carlo Fashions, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Monte Carlo Fashions expected to grow at an attractive rate?
  • Monte Carlo Fashions's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Monte Carlo Fashions's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Monte Carlo Fashions's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MONTECARLO Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MONTECARLO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.6%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:MONTECARLO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MONTECARLO Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:MONTECARLO Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,143 616
2018-09-30 6,628 521
2018-06-30 6,636 608
2018-03-31 6,460 253 597
2017-12-31 6,575 593
2017-09-30 5,894 464
2017-06-30 5,751 443
2017-03-31 5,785 851 442
2016-12-31 5,531 487
2016-09-30 6,158 593
2016-06-30 6,283 595
2016-03-31 6,215 448 589

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Monte Carlo Fashions's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Monte Carlo Fashions is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MONTECARLO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Monte Carlo Fashions Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MONTECARLO Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:MONTECARLO Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 28.33
2018-09-30 23.98
2018-06-30 27.94
2018-03-31 27.48
2017-12-31 27.27
2017-09-30 21.34
2017-06-30 20.38
2017-03-31 20.32
2016-12-31 22.41
2016-09-30 27.29
2016-06-30 27.40
2016-03-31 27.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Monte Carlo Fashions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Monte Carlo Fashions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Monte Carlo Fashions has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MONTECARLO Past Performance

  How has Monte Carlo Fashions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Monte Carlo Fashions's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Monte Carlo Fashions's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Monte Carlo Fashions's 1-year earnings growth exceeds its 5-year average (3.9% vs -1%)
  • Monte Carlo Fashions's earnings growth has not exceeded the IN Luxury industry average in the past year (3.9% vs 14.8%).
Earnings and Revenue History
Monte Carlo Fashions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Monte Carlo Fashions Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MONTECARLO Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,142.55 615.68 1,034.79
2018-09-30 6,628.33 521.12 1,000.41
2018-06-30 6,635.55 607.55 947.21
2018-03-31 6,459.63 597.21 915.66
2017-12-31 6,575.15 592.70 863.07
2017-09-30 5,894.11 463.95 890.80
2017-06-30 5,750.62 442.95 755.26
2017-03-31 5,784.53 441.56 932.67
2016-12-31 5,531.22 487.02 953.79
2016-09-30 6,158.46 592.70 986.11
2016-06-30 6,282.92 595.00 961.05
2016-03-31 6,215.31 589.38 937.40
2015-12-31 6,275.55 623.96 1,112.08
2015-09-30 5,891.79 586.63 1,123.80
2015-06-30 5,767.48 528.15 475.22
2015-03-31 5,825.77 597.69 775.08
2014-12-31 5,904.42 602.70 1,051.24
2014-03-31 5,031.03 544.04 918.22
2013-03-31 4,033.49 489.04 817.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Monte Carlo Fashions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Monte Carlo Fashions used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Monte Carlo Fashions's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Monte Carlo Fashions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Monte Carlo Fashions has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MONTECARLO Health

 How is Monte Carlo Fashions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Monte Carlo Fashions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Monte Carlo Fashions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Monte Carlo Fashions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Monte Carlo Fashions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Monte Carlo Fashions Company Filings, last reported 3 months ago.

NSEI:MONTECARLO Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,107.54 1,455.62 1,029.69
2018-09-30 5,107.54 1,455.62 1,029.69
2018-06-30 5,289.37 557.19 922.43
2018-03-31 5,289.37 557.19 922.43
2017-12-31 5,177.74 1,144.60 1,225.13
2017-09-30 5,177.74 1,144.60 1,225.13
2017-06-30 4,885.05 497.66 1,114.74
2017-03-31 4,958.93 654.29 941.94
2016-12-31 4,615.04 1,395.74 1,159.23
2016-09-30 4,615.04 1,395.74 1,159.23
2016-06-30 4,460.59 984.92 1,007.81
2016-03-31 4,460.59 984.92 1,007.81
2015-12-31 4,284.88 1,487.45 1,132.00
2015-09-30 4,284.88 1,487.45 1,132.00
2015-06-30 4,133.75 1,013.70 1,408.58
2015-03-31 4,133.75 1,287.38 1,383.48
2014-12-31
2014-03-31 3,800.52 1,180.24 1,181.47
2013-03-31 3,246.71 888.98 1,455.49
  • Monte Carlo Fashions's level of debt (28.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (30.3% vs 28.5% today).
  • Debt is not well covered by operating cash flow (17.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 284.7x coverage).
X
Financial health checks
We assess Monte Carlo Fashions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Monte Carlo Fashions has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MONTECARLO Dividends

 What is Monte Carlo Fashions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.5%
Current annual income from Monte Carlo Fashions dividends.
If you bought ₹2,000 of Monte Carlo Fashions shares you are expected to receive ₹70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Monte Carlo Fashions's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Monte Carlo Fashions's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:MONTECARLO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MONTECARLO Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:MONTECARLO Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-30 12.000 3.168
2018-05-25 12.000 2.807
2017-09-01 10.000 1.905
2017-05-30 10.000 1.960
2016-08-09 10.000 2.363
2016-05-30 10.000 2.387
2015-09-09 10.000 2.332
2015-06-01 10.000 1.963

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Monte Carlo Fashions has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Monte Carlo Fashions only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Monte Carlo Fashions's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Monte Carlo Fashions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Monte Carlo Fashions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Monte Carlo Fashions has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MONTECARLO Management

 What is the CEO of Monte Carlo Fashions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jawahar Oswal
COMPENSATION ₹0
AGE 75
TENURE AS CEO 7.7 years
CEO Bio

Mr. Jawahar Lal Oswal has been the Managing Director and Director of Monte Carlo Fashions Limited since August 10, 2011. Mr. Oswal serves as the Chairman and at Nahar Poly Films Limitedand served as its Managing Director. He is a renowned industrialist having more than 50 years of experience in the Textile and Woollen industry. At the time of joining Company in 2008, he served as the Chairman and Managing Director of OWML. He has been the Chairman of Monte Carlo Fashions Limited since July 7, 2008. Mr. Oswal serves as the Non Executive Chairman of Nahar Spinning Mills Ltd. and Nahar Industrial Enterprises Ltd. He serves as the Chairman at Nahar Capital and Financial Services Limited and Oswal Woollen Mills Limited. He served as the Chairman of Nahar International Ltd. He serves as a Director for Nahar Capital & Financial Services Limited, J L Growth Fund Limited, Girnar Investment Limited, Vanaik Investors Limited, Atam Vallabh Financiers Limited, Vardhman Investment Limited, Palam Motels Limited, Nagdevi Trading & Investment Company Limited, Sankheshwar Holding Company Ltd., Ludhiana Holdings Limited, Ogden Trading & Investment Company (Pvt.) Limited, Abhilash Growth Fund (Pvt.) Limited, Nahar Growth Fund (Pvt.) Limited, Neha Credit & Investment (Pvt.) Ltd., Ruchika Growth Fund (Pvt.) Limited and Monika Growth Fund (Pvt.) Limited. He has been Director of Nahar Capital and Financial Services Limited since March 31, 2006. Mr. Oswal serves as a Director of Monica Growth Fund (P) Ltd., Vanaik Spinning Mills Ltd., Nahar Industrial Infrastructure Corpn. Ltd. and Kulu Investment & Trading (P) Ltd. He has been awarded the `Punjab Ratan' at the Punjab State Intellectual's Conference in 2003 by the All India Conference of Intellectuals, the `Udyog Ratna Award' by the PHD Chamber of Commerce and Industry in 2005, the `LMA-Sat Paul Mittal Life Time Achievement Award' by the Ludhiana Management Association in 2012 and the `Achievers of the North' by the Economic Times in 2013. He is a graduate from Government College for Boys, Ludhiana. He holds a bachelor's degree in commerce from the Commercial University Limited, New Delhi.

CEO Compensation
  • Insufficient data for Jawahar to compare compensation growth.
  • Jawahar's remuneration is lower than average for companies of similar size in India.
Management Team

Jawahar Oswal

TITLE
Chairman & MD
AGE
75
TENURE
7.7 yrs

Devinderjeet Singh

TITLE
Vice-President of Operations
AGE
44

Sandeep Jain

TITLE
Executive Director
COMPENSATION
₹17M
AGE
47

Monica Oswal

TITLE
Executive Director
COMPENSATION
₹10M
AGE
46

Ruchika Oswal

TITLE
Executive Director
COMPENSATION
₹9M
AGE
46

Rishabh Oswal

TITLE
President of Commercial & Executive Director
AGE
26

Sumit Agrawal

TITLE
Vice President
AGE
40

Manish Chopra

TITLE
Vice President of Merchandising
AGE
40

Ashish Madan

TITLE
Vice President of LFS
AGE
39

Alok Jain

TITLE
Vice President
AGE
46
Board of Directors Tenure

Average tenure and age of the Monte Carlo Fashions board of directors in years:

5
Average Tenure
46.5
Average Age
  • The tenure for the Monte Carlo Fashions board of directors is about average.
Board of Directors

Jawahar Oswal

TITLE
Chairman & MD
AGE
75
TENURE
10.8 yrs

Sandeep Jain

TITLE
Executive Director
COMPENSATION
₹17M
AGE
47
TENURE
10.8 yrs

Monica Oswal

TITLE
Executive Director
COMPENSATION
₹10M
AGE
46
TENURE
2.7 yrs

Ruchika Oswal

TITLE
Executive Director
COMPENSATION
₹9M
AGE
46
TENURE
2.7 yrs

Rishabh Oswal

TITLE
President of Commercial & Executive Director
AGE
26
TENURE
0.9 yrs

Dinesh Gogna

TITLE
Non-Executive Non-Independent Director
COMPENSATION
₹40K
AGE
65
TENURE
10.8 yrs

Suresh Singla

TITLE
Independent Director
COMPENSATION
₹40K
AGE
68
TENURE
4.8 yrs

Paurush Roy

TITLE
Independent Director
AGE
44
TENURE
6.8 yrs

Ajit Chatha

TITLE
Independent Director
COMPENSATION
₹20K
AGE
82
TENURE
5.1 yrs

Manisha Gupta

TITLE
Independent Director
COMPENSATION
₹40K
AGE
39
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
21. Jul 18 Buy Oswal Woollen Mills Limited Company 20. Jul 18 20. Jul 18 2,938 ₹397.34 ₹1,167,384
20. Jul 18 Buy Oswal Woollen Mills Limited Company 18. Jul 18 19. Jul 18 14,531 ₹399.81 ₹5,809,705
X
Management checks
We assess Monte Carlo Fashions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Monte Carlo Fashions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MONTECARLO News

Simply Wall St News

Do Institutions Own Shares In Monte Carlo Fashions Limited (NSE:MONTECARLO)?

The big shareholder groups in Monte Carlo Fashions Limited (NSE:MONTECARLO) have power over the company. … With a market capitalization of ₹7.9b, Monte Carlo Fashions is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Has Monte Carlo Fashions Limited (NSE:MONTECARLO) Improved Earnings Growth In Recent Times?

Investors with a long-term horizong may find it valuable to assess Monte Carlo Fashions Limited's (NSE:MONTECARLO) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … Below is my commentary, albiet very simple and high-level, on how Monte Carlo Fashions is currently performing. … Did MONTECARLO beat its long-term earnings growth trend and its industry.

Simply Wall St -

Monte Carlo Fashions Limited (NSE:MONTECARLO) Delivered A Better ROE Than Its Industry

Monte Carlo Fashions has a ROE of 12%, based on the last twelve months. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Be Tempted To Sell Monte Carlo Fashions Limited (NSE:MONTECARLO) Because Of Its P/E Ratio?

To keep it practical, we'll show how Monte Carlo Fashions Limited's (NSE:MONTECARLO) P/E ratio could help you assess the value on offer. … Monte Carlo Fashions has a price to earnings ratio of 13.29, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What To Know Before Buying Monte Carlo Fashions Limited (NSE:MONTECARLO) For Its Dividend

In the last few years Monte Carlo Fashions Limited (NSE:MONTECARLO) has paid a dividend to shareholders. … Let's dig deeper into whether Monte Carlo Fashions should have a place in your portfolio. … Check out our latest analysis for Monte Carlo Fashions?

Simply Wall St -

Understanding Your Return On Investment In Monte Carlo Fashions Limited (NSE:MONTECARLO)

and looking to gauge the potential return on investment in Monte Carlo Fashions Limited (NSE:MONTECARLO). … Monte Carlo Fashions stock represents an ownership share in the company. … Thus, to understand how your money can grow by investing in Monte Carlo Fashions, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Can Monte Carlo Fashions Limited (NSE:MONTECARLO) Maintain Its Strong Returns?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Monte Carlo Fashions Limited (NSE:MONTECARLO). … Monte Carlo Fashions has a ROE of 10%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Monte Carlo Fashions Limited's (NSE:MONTECARLO) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Monte Carlo Fashions Limited's (NSE:MONTECARLO) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What You Must Know About Monte Carlo Fashions Limited's (NSE:MONTECARLO) ROE

and want to begin learning the link between company’s fundamentals and stock market performance. … With an ROE of 11.49%, Monte Carlo Fashions Limited (NSE:MONTECARLO) outpaced its own industry which delivered a less exciting 7.65% over the past year. … See our latest analysis for Monte Carlo Fashions

Simply Wall St -

How Do Analysts See Monte Carlo Fashions Limited's (NSE:MONTECARLO) Margin Performing In The Years Ahead?

Monte Carlo Fashions Limited (NSE:MONTECARLO) to … earnings growth of 29.32% annualised … over the couple of years ahead,

Simply Wall St -

MONTECARLO Company Info

Description

Monte Carlo Fashions Limited engages in designing, manufacturing, and trading woolen/cotton readymade apparels under the Monte Carlo brand primarily in India. The company provides shirts, trousers, denims, Bermudas, lowers, hi-street fashion shirts, tops, dresses, jumpsuits, urban tunics, shrugs, shorts, capris, narrow pants, leggings, track suits, and T-shirts for men, women, and tweens. It also offers home furnishings and kids’ apparel. The company sells its products through approximately 200 Monte Carlo outlets, 1,300 multi brand outlets, and 60 large format outlets, as well as through e-commerce Websites. Monte Carlo Fashions Limited was incorporated in 2008 and is based in Ludhiana, India.

Details
Name: Monte Carlo Fashions Limited
MONTECARLO
Exchange: NSEI
Founded: 2008
₹7,457,357,761
21,732,064
Website: http://www.montecarlocorporate.com
Address: Monte Carlo Fashions Limited
B-XXIX-106, G.T. Road,
Sherpur,
Ludhiana,
Punjab, 141003,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 538836 Equity Shares Mumbai Stock Exchange IN INR 19. Dec 2014
NSEI MONTECARLO Equity Shares National Stock Exchange of India IN INR 19. Dec 2014
Number of employees
Current staff
Staff numbers
1,580
Monte Carlo Fashions employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:54
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/05/25
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.