Monarch Surveyors and Engineer

Provides engineering consultancy and surveying services to Indian government and public-sector clients, earning fees from project-based contracts across railways, roads, urban development, geospatial mapping and maritime infrastructure. Work scopes include Detailed Project Reports (DPRs) for bridges, flyovers and bypasses; Authority Engineer services for railway lines; track geometry measurement using portable trolley systems; Town Planning Schemes for Greenfield satellite townships; GIS-based urban spatial data and base map preparation; licensed land surveying; and maritime/port engineering. FY26 revenue was ₹171.7 crore (+11.4% YoY) with EBITDA of ₹51 crore (29.7% margin) and PAT of ₹37.2 crore. The order book stood at ₹615+ crore as of March 2026, with ₹750+ crore of new orders booked during FY26 and an additional ₹130 crore Northern Railway order lifting the total to ₹740-750 crore. Materials and subcontracted field execution form the biggest cost at 42.8% of revenue, followed by employees at 20.3%. The firm operates with ~740 staff across 20+ states and holds a zero-debt balance sheet after its July 2025 BSE-SME listing; it has agreed to acquire GMR Engineering Services in Australia for AUD 1.8 million, expected to add 8-10% revenue from FY27.