Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹22.91 (vs ₹20.15 in FY 2025) Full year 2026 results: EPS: ₹22.91 (up from ₹20.15 in FY 2025). Revenue: ₹3.66b (up 17% from FY 2025). Net income: ₹1.81b (up 21% from FY 2025). Profit margin: 49% (up from 48% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
Monarch Networth Capital Limited to Report Q4, 2026 Results on May 15, 2026 Monarch Networth Capital Limited announced that they will report Q4, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹291, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 155% over the past three years. Buy Or Sell Opportunity • Apr 06
Now 23% overvalued Over the last 90 days, the stock has fallen 9.2% to ₹279. The fair value is estimated to be ₹228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 33%. Buy Or Sell Opportunity • Mar 05
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to ₹263. The fair value is estimated to be ₹219, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 33%. Announcement • Jan 23
Monarch Networth Capital Limited Appoints Shailen Ramesh Shah as Group Director and Key Management Personnel, Effective January 22, 2026 Monarch Networth Capital Limited, on the basis of recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have on January 22, 2026, noted the appointment of Mr. Shailen Ramesh Shah as the Group Director, Key Management Personnel of the Company with effect from January 22, 2026. Mr. Shailen Ramesh Shah is a Promoter of Monarch Networth Capital Limited, with 28 years of experience in the capital market. He started his career in 1996 and have been crucial in establishing MNCL’s retail network and institutional business, serving FIIs, DIIIs, mutual funds, banks, and pension funds. He has played a key role in the restructuring during Monarch's merger with Networth Group and have been instrumental in developing policies and strategies for growth. His leadership has helped MNCL achieve a leading position in the Indian capital market and become a top-rated broking house in India. Reported Earnings • Jan 23
Third quarter 2026 earnings released: EPS: ₹5.73 (vs ₹5.16 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.73 (up from ₹5.16 in 3Q 2025). Revenue: ₹901.4m (up 23% from 3Q 2025). Net income: ₹454.1m (up 12% from 3Q 2025). Profit margin: 50% (down from 55% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Monarch Networth Capital Limited to Report Q3, 2026 Results on Jan 22, 2026 Monarch Networth Capital Limited announced that they will report Q3, 2026 results on Jan 22, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹5.67 (vs ₹6.13 in 2Q 2025) Second quarter 2026 results: EPS: ₹5.67. Revenue: ₹820.5m (down 16% from 2Q 2025). Net income: ₹449.7m (up 2.2% from 2Q 2025). Profit margin: 55% (up from 45% in 2Q 2025). The increase in margin was driven by lower expenses. Announcement • Nov 03
Monarch Networth Capital Limited to Report Q2, 2026 Results on Nov 14, 2025 Monarch Networth Capital Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 27
Monarch Networth Capital Limited Approves Final Dividend for the Financial Year Ended 31St March, 2025 Monarch Networth Capital Limited at its Annual General Meeting held on September 26, 2025, approved the declaration of Final Dividend of INR 1 per Equity Share for the financial year ended 31st March, 2025. Upcoming Dividend • Sep 12
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 26 October 2025. Payout ratio is a comfortable 5.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.1%). Reported Earnings • Jul 24
First quarter 2026 earnings released: EPS: ₹5.76 (vs ₹5.92 in 1Q 2025) First quarter 2026 results: EPS: ₹5.76. Revenue: ₹967.6m (up 22% from 1Q 2025). Net income: ₹452.5m (up 13% from 1Q 2025). Profit margin: 47% (down from 50% in 1Q 2025). The decrease in margin was driven by higher expenses. Announcement • Jul 16
Monarch Networth Capital Limited to Report Q1, 2026 Results on Jul 23, 2025 Monarch Networth Capital Limited announced that they will report Q1, 2026 results on Jul 23, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹20.15 (vs ₹18.18 in FY 2024) Full year 2025 results: EPS: ₹20.15 (up from ₹18.18 in FY 2024). Revenue: ₹3.10b (up 16% from FY 2024). Net income: ₹1.49b (up 21% from FY 2024). Profit margin: 48% (up from 46% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 27
Monarch Networth Capital Limited Recommends Final Dividend, for the Financial Year 2024-2025 Monarch Networth Capital Limited at its Board of Directors meeting held on May 27, 2025, has inter-alia Considered and approved Final Dividend of 10% (i.e., INR 1 per equity share of the face value of INR 10/- each) for the financial year 2024-2025, subject to approval by the Members of the Company at the ensuing Annual General Meeting ("AGM"). The dividend, if approved by the members of the Company, will be paid within 30 days from the date of the AGM. Announcement • May 14
Monarch Networth Capital Limited to Report Q4, 2025 Results on May 27, 2025 Monarch Networth Capital Limited announced that they will report Q4, 2025 results on May 27, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹5.16 (vs ₹5.69 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.16. Revenue: ₹733.7m (down 6.9% from 3Q 2024). Net income: ₹405.1m (up 5.1% from 3Q 2024). Profit margin: 55% (up from 49% in 3Q 2024). The increase in margin was driven by lower expenses. Announcement • Jan 23
Monarch Networth Capital Limited to Report Q3, 2025 Results on Feb 07, 2025 Monarch Networth Capital Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹479, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 530% over the past three years. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹6.13 (vs ₹5.47 in 2Q 2024) Second quarter 2025 results: EPS: ₹6.13 (up from ₹5.47 in 2Q 2024). Revenue: ₹978.1m (up 29% from 2Q 2024). Net income: ₹439.8m (up 19% from 2Q 2024). Profit margin: 45% (down from 49% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Nov 06
Monarch Networth Capital Limited to Report Q2, 2025 Results on Nov 11, 2024 Monarch Networth Capital Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹442, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 115% over the past year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹412, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 115% over the past year. Announcement • Sep 16
Monarch Networth Capital Limited Appoints Govinda Meghani as Chief Financial Officer The Board of Directors of the Monarch Networth Capital Limited at its meeting held on September 16, 2024, approved the appointment of Mr. Govinda Meghani as the Chief Financial Officer of the Company with effect from September 16, 2024. Mr. Govinda Meghani has 12 years of experience in Financial Reporting, Treasury, Financial Planning and analysis, Budgeting, Taxation and Strategy in Financial Services domain. Prior to joining Monarch Networth Capital Limited, he has worked with Motilal Oswal Group and Kotak Mahindra Bank. Mr. Meghani is a Chartered Accountant, a graduate from Gujarat University and has done Management Program from IIMA. New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Aug 30
Monarch Networth Capital Limited, Annual General Meeting, Sep 20, 2024 Monarch Networth Capital Limited, Annual General Meeting, Sep 20, 2024, at 12:30 Indian Standard Time. Location: prominent corporate residency, plush restaurant & banquets, luxury redefined, b/h ugati heights, kudasan, gandhinagar - 382421, gandhinagar India Announcement • Aug 28
Monarch Networth Capital Limited announced that it has received INR 3.00213256 billion in funding from Monarch Infraparks Private Limited, Sanskrut Tradecom Private Limited, India Opportunities Growth Fund Ltd - Pinewood Strategy, GPR Finance Corp On August 28, 2024, Monarch Networth Capital Limited closed the transaction. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹785, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 138% over the past year. Announcement • Jul 29
Monarch Networth Capital Limited announced that it expects to receive INR 3.00213256 billion in funding from Monarch Infraparks Private Limited, Sanskrut Tradecom Private Limited, India Opportunities Growth Fund Ltd - Pinewood Strategy, Gpr Finance Corp and other investors Monarch Networth Capital Limited announced a private placement of 5,360,951 common shares at the price of INR 560 per share for gross proceeds of INR 3,002,132,560 on July 28, 2024. The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company. The transaction included participation from new investors Monarch Infraparks Private Limited for 1,767,857 shares, Gaurav Bhandari for 446,428 shares, Sanskrut Tradecom Private Limited for 446,428 shares, India Opportunities Growth Fund Ltd - Pinewood Strategy for 446,428 shares, Gpr Finance Corp for 300,000 shares, and other investors. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹614, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 89% over the past year. Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: ₹11.83 (vs ₹5.03 in 1Q 2024) First quarter 2025 results: EPS: ₹11.83 (up from ₹5.03 in 1Q 2024). Revenue: ₹795.2m (up 94% from 1Q 2024). Net income: ₹400.6m (up 135% from 1Q 2024). Profit margin: 50% (up from 42% in 1Q 2024). The increase in margin was driven by higher revenue. Announcement • Jul 09
Monarch Networth Capital Limited to Report Q1, 2025 Results on Jul 15, 2024 Monarch Networth Capital Limited announced that they will report Q1, 2025 results on Jul 15, 2024 Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹36.36 (vs ₹12.69 in FY 2023) Full year 2024 results: EPS: ₹36.36 (up from ₹12.69 in FY 2023). Revenue: ₹2.66b (up 69% from FY 2023). Net income: ₹1.23b (up 187% from FY 2023). Profit margin: 46% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Announcement • May 25
Monarch Networth Capital Limited Approves Final Dividend for the Financial Year 2023-24 Monarch Networth Capital Limited at its board meeting held on May 24, 2024 approved Final Dividend of 10% (INR 1 per equity share of the face value of INR 10/- each) for the financial year 2023-24, subject to approval by the Members of the Company at the ensuing Annual General Meeting ("AGM"). The dividend, if approved by the members of the Company, will be paid within 30 days from the date of the AGM. Announcement • May 20
Monarch Networth Capital Limited to Report Q4, 2024 Results on May 24, 2024 Monarch Networth Capital Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹618, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 204% over the past year. Announcement • Mar 12
Monarch Networth Capital Limited Approves the Appointment of Nitesh Tanwar as the Company Secretary Monarch Networth Capital Limited approved the appointment of Mr. Nitesh Tanwar as the Company Secretary of the Company and also designated as the Key Managerial Personnel pursuant to the provisions of section 203 of the Companies Act, 2013 and Compliance Officer under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"). Announcement • Feb 17
Monarch Networth Capital Limited Announces Resignation of Rupali Verma as Company Secretary & Compliance Officer Monarch Networth Capital Limited announced that Ms. Rupali Verma has tendered her resignation from the post of Company Secretary & Compliance Officer of the Company with immediate effect. Date of resignation February 16, 2024. Reported Earnings • Jan 23
Third quarter 2024 earnings released: EPS: ₹11.38 (vs ₹4.51 in 3Q 2023) Third quarter 2024 results: EPS: ₹11.38 (up from ₹4.51 in 3Q 2023). Revenue: ₹788.1m (up 60% from 3Q 2023). Net income: ₹385.6m (up 175% from 3Q 2023). Profit margin: 49% (up from 28% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹10.93 (vs ₹3.81 in 2Q 2023) Second quarter 2024 results: EPS: ₹10.93 (up from ₹3.81 in 2Q 2023). Revenue: ₹756.1m (up 108% from 2Q 2023). Net income: ₹370.2m (up 208% from 2Q 2023). Profit margin: 49% (up from 33% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹389, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 6.7% over the past year. Announcement • Sep 23
Monarch Networth Capital Limited Declares Dividend for Financial Year Ended 31 March 2023 Monarch Networth Capital Limited at its AGM held on September 22, 2023, declared of final dividend of INR 1/- per equity shares for the financial year ended March31, 2023. Recent Insider Transactions • Sep 13
MD & Non-Independent Executive Director recently bought ₹23m worth of stock On the 8th of September, Vaibhav Shah bought around 65k shares on-market at roughly ₹355 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vaibhav has been a buyer over the last 12 months, purchasing a net total of ₹91m worth in shares. Upcoming Dividend • Sep 08
Upcoming dividend of ₹1.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 22 October 2023. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.9%). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Whole Time Director Ashok Bafna was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: ₹5.03 (vs ₹4.00 in 1Q 2023) First quarter 2024 results: EPS: ₹5.03 (up from ₹4.00 in 1Q 2023). Revenue: ₹410.3m (up 18% from 1Q 2023). Net income: ₹170.3m (up 37% from 1Q 2023). Profit margin: 42% (up from 36% in 1Q 2023). The increase in margin was driven by higher revenue. Announcement • Jul 24
Monarch Networth Capital Limited to Report Q1, 2024 Results on Jul 28, 2023 Monarch Networth Capital Limited announced that they will report Q1, 2024 results on Jul 28, 2023 Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹284, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 18% over the past year. Recent Insider Transactions • Jun 15
MD & Non-Independent Executive Director recently bought ₹68m worth of stock On the 12th of June, Vaibhav Shah bought around 300k shares on-market at roughly ₹228 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vaibhav's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹247, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 24x in the Capital Markets industry in India. Total loss to shareholders of 12% over the past year. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹12.63 (vs ₹17.41 in FY 2022) Full year 2023 results: EPS: ₹12.63 (down from ₹17.41 in FY 2022). Revenue: ₹1.56b (up 1.8% from FY 2022). Net income: ₹429.7m (down 21% from FY 2022). Profit margin: 28% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 19
Monarch Networth Capital Limited to Report Q4, 2023 Results on May 25, 2023 Monarch Networth Capital Limited announced that they will report Q4, 2023 results on May 25, 2023 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹230, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 19x in the Capital Markets industry in India. Total loss to shareholders of 23% over the past year. Recent Insider Transactions • Apr 04
Insider recently bought ₹20m worth of stock On the 28th of March, Anushree Shah bought around 100k shares on-market at roughly ₹199 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹25m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹197, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 20x in the Capital Markets industry in India. Total returns to shareholders of 15% over the past year. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹4.51 (vs ₹4.84 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.51 (down from ₹4.84 in 3Q 2022). Revenue: ₹492.4m (up 22% from 3Q 2022). Net income: ₹140.1m (down 3.5% from 3Q 2022). Profit margin: 28% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 03
Monarch Networth Capital Limited to Report Q3, 2023 Results on Feb 09, 2023 Monarch Networth Capital Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₹236, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 52% over the past year. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₹381, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 129% over the past year. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 23% share price gain to ₹341, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 20x in the Capital Markets industry in India. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹328, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 18x in the Capital Markets industry in India. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹221, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 16x in the Capital Markets industry in India. Recent Insider Transactions • Mar 29
Chairman cum Whole Time Director recently bought ₹6.7m worth of stock On the 24th of March, Manju Bafna bought around 35k shares on-market at roughly ₹192 per share. This was the largest purchase by an insider in the last 3 months. This was Manju's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 21% share price gain to ₹200, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 17x in the Capital Markets industry in India. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.84 (up from ₹0.99 in 3Q 2021). Revenue: ₹402.4m (up 114% from 3Q 2021). Net income: ₹145.1m (up 390% from 3Q 2021). Profit margin: 36% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹176, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 17x in the Capital Markets industry in India. 
