Monte Carlo Fashions Ltd, renowned for its designer woolen and cotton readymade apparel, stands as a prominent entity in the fashion industry. Recognized as a “Superbrand,” it exemplifies quality and style. A constituent of the esteemed Nahar Group of Companies, it emerged through a de-merger from Oswal Woollen Mills Ltd in 2011-12. Alongside its flagship brand “Monte Carlo,” the company also engages in trading various readymade apparel.
In this article, we delve into a comprehensive exploration of Monte Carlo Fashions Ltd, encompassing its evolution, offerings, and position within the Nahar Group’s dynamic portfolio.
About Monte Carlo Fashions
Monte Carlo Fashions Limited, established in 2008, under the adept leadership of Mr. J. L. Oswal, boasts over five decades of rich experience in the textiles and apparel industry. A key player within the Nahar Group, it was propelled into prominence through the vision of its seasoned promoter. The company’s diverse product portfolio encompasses both cotton and woolen segments, offering an array of stylish and comfortable apparel options ranging from shirts, T-shirts, and trousers to sweaters, pullovers, and coats.
Additionally, Monte Carlo extends its expertise into home textiles, presenting premium mink blankets, bedsheets, and quilts, catering to the needs of modern households. Recently, the company ventured into the footwear arena, introducing a range of premium leather shoes, formal footwear, loafers, and slippers, diversifying its offerings to meet evolving consumer preferences and expanding its footprint in the fashion domain. Monte Carlo Fashions Ltd continues to uphold its reputation for quality and innovation, setting benchmarks in the apparel and lifestyle industry.
Q3 2023-2024 Performance Highlights for Monte Carlo Fashions
- Revenue for Monte Carlo Fashions Ltd in Q3 2023-2024 stood at ₹509.85Cr, reflecting a decrease of -2.97% compared to the same period last year.
- However, every quarter, the company witnessed a significant surge, with a remarkable 133.45% growth in revenue over the last 3 months.
- Net profit for Q3 2023-2024 amounted to ₹77.27Cr, marking a decrease of -10.47% compared to the corresponding period in the previous year.
- Despite the decline in yearly net profits, the company experienced an impressive 482.29% surge in net profits every quarter.
- Net profit margins for Q3 2023-2024 were reported at 15.16%, representing a decrease of -7.73% compared to the same period last year.
- However, every quarter, there was a notable improvement, with net profit margins showing a robust 149.43% increase over the last 3 months.
- Overall, Monte Carlo Fashions Ltd’s Q3 results indicate a mixed performance, with declines in yearly figures offset by significant quarterly growth in both revenue and net profits.
Below are the trading platforms that you can use to purchase Monte Carlo Fashions’ shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 699.84 | 608.56 |
| May 2024 | 689.50 | 599.56 |
| June 2024 | 714.32 | 621.15 |
| July 2024 | 707.18 | 614.94 |
| August 2024 | 735.46 | 639.53 |
| September 2024 | 764.88 | 665.11 |
| October 2024 | 749.88 | 652.07 |
| November 2024 | 772.38 | 671.64 |
| December 2024 | 791.69 | 688.43 |
In 2024, Monte Carlo Fashions Ltd’s share price targets fluctuated throughout the year, displaying varying maximum and minimum prices. Starting from April with a maximum of ₹699.84 and a minimum of ₹608.56, the prices generally showed an upward trend, peaking in December at a maximum of ₹791.69 and a minimum of ₹688.43. This progression indicates potential growth and investor confidence in the company’s performance.
As of April 2nd, 2024, the current share price stands at ₹648, with a high/low range of ₹918/605. The company’s market capitalization is ₹1,343 Cr, with a stock P/E ratio of 13.4, a book value of ₹356, and a dividend yield of 3.09%. Monte Carlo Fashions Ltd boasts a robust Return on Capital Employed (ROCE) of 20.4% and a Return on Equity (ROE) of 18.1%. The face value of its shares is ₹10.0.
| When | Maximum Price | Minimum Price |
| January 2025 | 807.52 | 621.17 |
| February 2025 | 828.23 | 637.10 |
| March 2025 | 860.53 | 661.95 |
| April 2025 | 843.66 | 648.97 |
| May 2025 | 819.09 | 630.07 |
| June 2025 | 855.94 | 658.42 |
| July 2025 | 839.16 | 645.51 |
| August 2025 | 865.11 | 665.47 |
| September 2025 | 895.39 | 688.76 |
| October 2025 | 918.67 | 706.67 |
| November 2025 | 941.64 | 724.34 |
| December 2025 | 965.18 | 742.45 |
In 2025, Monte Carlo Fashions Ltd’s share price targets demonstrated a consistent upward trajectory, indicating positive market sentiment and potential growth opportunities. Starting the year with a maximum price of ₹807.52 and a minimum of ₹621.17 in January, the prices steadily rose throughout the year, reaching a maximum of ₹965.18 and a minimum of ₹742.45 by December. This trend reflects investor confidence and optimism in the company’s performance and prospects.
Additionally, Monte Carlo Fashions Ltd aims to strengthen its market presence by expanding into Large Format Stores (LFSs) and Exclusive Brand Outlets (EBOs), alongside increasing its footprint in e-commerce platforms. Furthermore, the company plans to enhance its customer base in western and southern India by augmenting the number of EBOs and Multi-brand Outlets (MBOs), while also diversifying its product range to include summer wear, blankets, quilts, athleisure, and ultra-premium clothing. These strategic focuses align with the company’s goal of sustainable growth and market leadership.
| When | Maximum Price | Minimum Price |
| January 2026 | 994.14 | 764.72 |
| February 2026 | 1,019.63 | 784.33 |
| March 2026 | 1,059.39 | 814.92 |
| April 2026 | 1,038.62 | 798.94 |
| May 2026 | 1,008.37 | 775.67 |
| June 2026 | 1,053.75 | 810.57 |
| July 2026 | 1,033.08 | 794.68 |
| August 2026 | 1,065.04 | 819.26 |
| September 2026 | 1,102.31 | 847.93 |
| October 2026 | 1,130.97 | 869.98 |
| November 2026 | 1,159.25 | 891.73 |
| December 2026 | 1,188.23 | 914.02 |
In 2026, Monte Carlo Fashions Ltd’s share price targets continued to soar, indicating sustained growth and investor confidence in the company’s performance. The year started with a maximum price of ₹994.14 and a minimum of ₹764.72 in January, with prices consistently climbing throughout the months. By December, the maximum price reached ₹1,188.23, and the minimum stood at ₹914.02. This upward trajectory reflects the market’s positive outlook on Monte Carlo Fashions Ltd’s prospects and its ability to deliver value to shareholders.
Additionally, the company’s manufacturing capabilities are expanding with the operation of two manufacturing units in Punjab and the establishment of a new facility in Jammu & Kashmir, aimed at bolstering its production capacity, particularly in the home textile segment under its wholly-owned subsidiary.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,211.99 | 932.30 |
| February 2027 | 1,243.07 | 956.21 |
| March 2027 | 1,291.55 | 993.50 |
| April 2027 | 1,266.22 | 974.02 |
| May 2027 | 1,229.34 | 945.65 |
| June 2027 | 1,284.66 | 988.20 |
| July 2027 | 1,259.47 | 968.83 |
| August 2027 | 1,298.43 | 998.79 |
| September 2027 | 1,343.87 | 1,033.75 |
| October 2027 | 1,378.81 | 1,060.62 |
| November 2027 | 1,413.28 | 1,087.14 |
| December 2027 | 1,448.61 | 1,114.32 |
In 2027, Monte Carlo Fashions Ltd’s share prices continued their upward trajectory, indicative of sustained growth and market confidence. Starting with a maximum price of ₹1,211.99 and a minimum of ₹932.30 in January, the prices consistently rose throughout the year. By December, the maximum price reached ₹1,448.61, with a minimum of ₹1,114.32. This trend underscores investors’ positive outlook on the company’s performance and prospects.
Additionally, Monte Carlo Fashions Ltd demonstrated its commitment to strategic investments, as evidenced by its allocation of Rs. 2 crores in its wholly-owned subsidiary MCHTL in August 2023, bringing the total investment in MCHTL to Rs. 15.7 crores. These investments reflect the company’s dedication to expansion and innovation in its product offerings and market presence.
| When | Maximum Price | Minimum Price |
| January 2028 | 1,477.59 | 1,136.61 |
| February 2028 | 1,515.47 | 1,165.75 |
| March 2028 | 1,574.58 | 1,211.21 |
| April 2028 | 1,543.70 | 1,187.46 |
| May 2028 | 1,498.74 | 1,152.88 |
| June 2028 | 1,566.18 | 1,204.76 |
| July 2028 | 1,535.47 | 1,181.13 |
| August 2028 | 1,582.96 | 1,217.66 |
| September 2028 | 1,638.37 | 1,260.28 |
| October 2028 | 1,680.97 | 1,293.05 |
| November 2028 | 1,722.99 | 1,325.38 |
| December 2028 | 1,766.06 | 1,358.51 |
- January 2028: ₹1,136.61 (Minimum)
- December 2028: ₹1,766.06 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 1,801.39 | 1,385.68 |
| February 2029 | 1,847.57 | 1,421.21 |
| March 2029 | 1,919.63 | 1,476.64 |
| April 2029 | 1,881.99 | 1,447.68 |
| May 2029 | 1,827.18 | 1,405.52 |
| June 2029 | 1,909.40 | 1,468.77 |
| July 2029 | 1,871.96 | 1,439.97 |
| August 2029 | 1,929.85 | 1,484.50 |
| September 2029 | 1,997.40 | 1,536.46 |
| October 2029 | 2,049.33 | 1,576.41 |
| November 2029 | 2,100.56 | 1,615.82 |
| December 2029 | 2,153.08 | 1,656.21 |
- January 2029: ₹1,385.68(Minimum)
- December 2029: ₹2,153.08 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 2,196.14 | 1,689.34 |
| February 2030 | 2,252.45 | 1,732.66 |
| March 2030 | 2,340.30 | 1,800.23 |
| April 2030 | 2,294.41 | 1,764.93 |
| May 2030 | 2,227.58 | 1,713.52 |
| June 2030 | 2,327.82 | 1,790.63 |
| July 2030 | 2,282.18 | 1,755.52 |
| August 2030 | 2,352.76 | 1,809.82 |
| September 2030 | 2,435.11 | 1,873.16 |
| October 2030 | 2,498.42 | 1,921.86 |
| November 2030 | 2,560.88 | 1,969.91 |
| December 2030 | 2,624.90 | 2,019.16 |
- January 2030: ₹1,689.34 (Minimum)
- December 2030: ₹2,624.90 (Maximum)
Financial Condition of Monte Carlo Fashions: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Cr) | 656 | 726 | 622 | 904 | 1,118 |
| Expenses (Rs. Cr) | 558 | 601 | 506 | 720 | 898 |
| Operating Profit (Rs. Cr) | 99 | 124 | 116 | 184 | 220 |
| Other Income (Rs. Cr) | 18 | 12 | 20 | 23 | 21 |
| Interest (Rs. Cr) | 9 | 17 | 14 | 17 | 26 |
| Depreciation (Rs. Cr) | 19 | 33 | 34 | 37 | 42 |
| Profit before tax (Rs. Cr) | 89 | 86 | 88 | 153 | 172 |
| Net Profit (Rs. Cr) | 60 | 63 | 66 | 114 | 133 |
| EPS (Rs.) | 27.42 | 30.24 | 31.98 | 55.01 | 64.03 |
| Dividend Payout (%) | 0% | 17% | 47% | 36% | 31% |
- Monte Carlo Fashions has shown consistent sales growth over the past five years, with revenue increasing from ₹656 crores in 2019 to ₹1,118 crores in 2023, representing a compounded growth rate of 14%.
- Despite rising expenses, the company managed to significantly enhance its operating profit from ₹99 crores in 2019 to ₹220 crores in 2023.
- Net profit also saw substantial growth, climbing from ₹60 crores to ₹133 crores during the same period.
- Earnings per share (EPS) rose from ₹27.42 to ₹64.03, reflecting improved profitability.
- The dividend payout ratio fluctuated, peaking at 47% in 2021 and settling at 31% in 2023.
- Despite recent challenges in the trailing twelve months (TTM) data, the company has showcased robust long-term growth trends.
- The compounded profit growth over the past five years stands at an impressive 15%, demonstrating the company’s ability to generate value for its shareholders.
- Monte Carlo Fashions has also demonstrated favorable stock price appreciation, with a compound annual growth rate (CAGR) of 12% over the last five years.
- Additionally, consistent returns on equity, with a recent figure of 18%, showcase the company’s efficient utilization of shareholder funds.
FAQs
What is Monte Carlo Fashions’ current market capitalization?
Monte Carlo Fashions’ current market capitalization stands at ₹1,343 crores.
The current share price target for 2024 ranges from ₹608.56 to ₹791.69.
The projected share price target for 2025 ranges from ₹807.52 to ₹965.18.
The anticipated share price target for 2030 ranges from ₹1,689.34 to ₹2,624.90.
What is the current price-to-earnings (P/E) ratio of Monte Carlo Fashions?
The current stock P/E ratio of Monte Carlo Fashions is 13.4.
What is the company’s dividend payout percentage?
The dividend payout percentage for Monte Carlo Fashions ranges from 0% to 47%, varying over the past five years.
How has the company’s EPS evolved over the years?
Monte Carlo Fashions’ EPS has shown significant growth, rising from ₹27.42 in 2019 to ₹64.03 in 2023.
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Conclusion: Monte Carlo Fashions Ltd – A Dynamic Vision for Sustainable Growth
Monte Carlo Fashions Ltd stands as a formidable player in the fashion industry, renowned for its quality and innovation. With a rich legacy spanning over five decades within the Nahar Group, it has diversified its product portfolio to encompass a wide range of apparel and home textiles.
Despite facing challenges in net profits, the company showcases impressive quarterly growth and sustains a robust long-term growth trajectory. Its strategic expansion into footwear and home textiles, coupled with plans for market diversification and product innovation, reflects a commitment to sustained growth. With a strong market capitalization, favorable stock price targets, and consistent dividends, Monte Carlo Fashions presents an attractive investment opportunity, underlined by its efficient utilization of shareholder funds and commitment to value creation.
What did we learn?
- 1 About Monte Carlo Fashions
- 2 Q3 2023-2024 Performance Highlights for Monte Carlo Fashions
- 3 How to Purchase Monte Carlo Fashions’ Shares?
- 4 Monte Carlo Fashions Share Price Target 2024 – 2030
- 4.1 Monte Carlo Fashions Share Price Target 2024
- 4.2 Monte Carlo Fashions Share Price Target 2025
- 4.3 Monte Carlo Fashions Share Price Target 2026
- 4.4 Monte Carlo Fashions Share Price Target 2027
- 4.5 Monte Carlo Fashions Share Price Target 2028
- 4.6 Monte Carlo Fashions Share Price Target 2029
- 4.7 Monte Carlo Fashions Share Price Target 2030
- 5 Financial Condition of Monte Carlo Fashions: Last 5 Years
- 6 FAQs
- 6.1 What is Monte Carlo Fashions’ current market capitalization?
- 6.2 What is the company’s current share price target for 2024?
- 6.3 What is the projected share price target for Monte Carlo Fashions in 2025?
- 6.4 What is the anticipated share price target for 2030?
- 6.5 What is the current price-to-earnings (P/E) ratio of Monte Carlo Fashions?
- 6.6 What is the company’s dividend payout percentage?
- 6.7 How has the company’s EPS evolved over the years?
- 7 Conclusion: Monte Carlo Fashions Ltd – A Dynamic Vision for Sustainable Growth
