Monarch Networth Capital Limited (MONARCH.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+458.1%

₹1,918.91

vs ₹343.80 price

Levered DCF

₹1,123.92

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.9×	16.72×	15.57×	15.16×	11.06×	20.1×	218.83×	37.51×
P/B	2.03×	3.32×	5.54×	2.89×	3.56×	4.46×	5.96×	6.1×
P/S	5.29×	10.11×	8.01×	4.32×	4.21×	4.72×	7.57×	6.96×
EV / EBITDA	6.9×	11.58×	11.2×	9.64×	7.03×	12.07×	28.97×	23.26×
Gross margin	87.2%	74.9%	74.7%	65.5%	63.8%	59.9%	39.9%	41.5%
Operating margin	65.5%	64.2%	60.0%	38.3%	45.3%	40.5%	16.9%	18.8%
Net margin	48.5%	57.0%	51.5%	28.5%	38.1%	23.9%	3.5%	18.6%
Current ratio	1.83×	3.15×	1.65×	1.47×	1.29×	1.27×	0.8×	1.25×
Debt / equity	0.04×	0.01×	0.33×	0.01×	0.1×	0.03×	0.14×	0.33×
Interest coverage	0×	11.22×	13.07×	14.77×	50.21×	24.8×	1.59×	3.24×
Dividend yield	0.4%	0.1%	0.2%	1.6%	0.5%	0.0%	0.0%	0.0%
Payout ratio	4.4%	2.3%	2.8%	23.6%	5.7%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.7%	18.7%	35.6%	19.0%	32.2%	22.6%	2.7%	16.3%
Return on invested capital	16.5%	14.4%	14.2%	18.6%	25.8%	25.5%	7.3%	10.4%
Return on assets	11.5%	12.1%	15.2%	7.1%	8.3%	5.9%	0.5%	5.7%
Free cash flow yield	5.1%	7.8%	-6.0%	-3.8%	7.3%	-49.6%	53.7%	0.2%
Earnings yield	9.2%	5.6%	6.4%	6.6%	9.0%	5.1%	0.5%	2.7%
Enterprise value	₹17.4B	₹24.9B	₹19.8B	₹6.1B	₹5.2B	₹4.5B	₹3.3B	₹4.6B
Net debt / EBITDA	-0.94×	-0.71×	0.36×	-0.71×	-0.99×	-0.78×	-14.4×	-1.26×
Cash conversion cycle (days)	-3,262	-1,253	-1,335	-1,810	-2,595	-2,241	-2,899	-515