NSE: MONTECARLO · BSE: 538836 · ISIN INE950M01013
Monte Carlo Fashions Limited stock analysis
Monte Carlo Fashions Limited ranks #4105 in the TickerSutra evidence-ranked universe with a score of 36/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.0%, quarterly sales growth of 7.6% and quarterly profit growth of -43.9%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹904cr | ₹184cr | ₹114cr | 20.0% |
| 2023 | ₹1,118cr | ₹220cr | ₹133cr | 20.0% |
| 2024 | ₹1,062cr | ₹145cr | ₹61cr | 14.0% |
| 2025 | ₹1,100cr | ₹187cr | ₹80cr | 17.0% |
| 2026 | ₹1,276cr | ₹229cr | ₹112cr | 18.0% |
| TTM | ₹1,286cr | ₹220cr | ₹105cr | 17.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Voting Results and Scrutinizer Report for the Annual Genweral Meeting Held on Sepember 28, 2026
RoutineShareholders meetingNSE · 29 Sept 2026Monte Carlo Fashions Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineChange in Directors/KMP/SMP/Auditor/RTANSE · 28 Sept 2026MONTE CARLO FASHIONS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
RoutineMonte Carlo Fashions Ltd - 538836 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 28 Sept 2026Outcome/ summary of the proceedings of the 18th Annual General Meeting of the company.
RoutineShareholders meetingNSE · 28 Sept 2026Monte Carlo Fashions Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026
MANAGEMENT COMMENTARY
Signals from filed documents
18th Annual Report 2025-26 | 31 Monte Carlo Fashions Limited III. Reasons for loss or inadequacy of proÞts: The proÞtability of the Company may be impacted in certain Þnancial years due to various factors, including: • Seasonality inherent in the textile and apparel industry and fluctuations in consumer demand; • Economic slowdown, inflationary pressures and changes in consumer spending; • Increase in the prices of r
Rapid digitalisation, improved logistics infrastructure, AI-enabled personalisation, wider digital payment adoption and the increasing preference for convenience are supporting the transition towards omnichannel retail. Premium and Luxury Apparel Segment: The Indian fashion market is witnessing increasing premiumisation, driven by rising disposable incomes, greater brand awareness and evolving consumer preferences to
Patil: Sandeep Jain: Rishabh Oswal: August 06, 2026 We also successfully organized our pre-winter and winter trade show in February and March 2026, which received an encouraging participation and supported order booking for the upcoming season. ‘We remain confident in our long-term growth strategy with strong traction across all our product portfolios, expanding retail and digital reach and encouraging customer respo
Manufacturing activity also improved gradually, supported by government initiatives such as the Production Linked Incentive (PLI) schemes and capacity expansion across key industrial sectors. On the external front, India’s merchandise exports faced headwinds from moderation in global trade, uneven demand across key export markets and evolving international trade policies. Nevertheless, the Government continued to str
Economic growth was supported by resilient private Source: https://www.imf.org/-/media/Þles/publications/weo/2026/april/english/text.pdf https://www.reuters.com/business/imf-sees-steady-global-growth-2026-ai-boom-offsets-trade-headwinds-2026-01-19/?.com 18th Annual Report 2025-26 | 81 Monte Carlo Fashions Limited consumption and continued investment in infrastructure, while the services sector maintained strong momen
As online penetration continues to deepen across smaller cities and quick-commerce adoption broadens beyond metro markets, there remains a long runway still to be captured, both in scaling existing digital channels and in extending brand reach into geographies where physical distribution remains thin. • Temporary Input Cost Relief The government’s recent suspension of customs duty on cotton imports offers near-term r
• Regulatory Risk, Legal and Tax Compliance Changes in the regulatory and tax environment can increase costs, erode margins and affect cash flows, with potential Þnes or reputational damage for non-compliance. The Company maintains a zero- tolerance approach to regulatory compliance and closely monitors upcoming changes, including the evolving GST structure (garments above INR 2,500 now attract an 18% rate, up from 1
And now when we come to the summers, again, we are having a trade show next year. So we are taking another hike of approximately around 8% to 10%, depending upon the cotton price increase. But sccond area is that the input cost, the other cost pressure because of inflation, the freight, those things have also gone up.
The Directors express their satisfaction over the entire evaluation process. REMUNERATION TO DIRECTORS: The remuneration paid to Executive Directors is determined by the Nomination and Remuneration Committee subject to approval of Board that is subject to the limits laid down under Section 197 and Schedule V of the Companies Act, 2013 and in accordance with the terms of Appointment approved by the members of the Comp
Nature of Industry: Ready-made garments, apparel, and accessories manufacturing. Date or expected date of commencement of commercial production: The Company is an existing operational entity. In case of new Companies, expected date of commencement of activities as per project approved by Þnancial institutions appearing in the prospectus: Not Applicable.
Foreign investments or collaborations, if any: No foreign collaborations. Investments by foreign institutional investors may exist as permitted under applicable law. Information about the Appointee: 1.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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