Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · MONTE CARLO FASHIONS LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MONTE CARLO FASHIONS LTD. NSE: MONTECARLO · BSE: 538836
Sells branded apparel, footwear and home textiles in India through a network of exclusive brand outlets (EBOs), multi-brand outlets (MBOs) and online channels. The core brand is positioned around winter wear but the portfolio also includes Rock.it (a summer/youth label whose gross sales grew 86% in FY26), footwear (gross sales up 149% YoY, currently sold online and now being expanded to stores), home textiles (~12% of FY26 revenue) and the Cloak & Decker brand (24 EBOs). Distribution covers 497 EBO stores and 1,615 MBO stores as of FY26, with 26 net store additions during the year; 40-45 new EBO openings are planned for FY27. Online is an increasing share of the business — net online sales grew 38% YoY in FY26, with the company selling through its own channels and partnering with Blinkit, Swiggy and Zepto for 30-minute delivery, plus overseas platforms Joom.com and Stylishop.com. A separate business is being built in solar power generation through wholly-owned subsidiary MCFL Energy Projects Private Limited, which has signed a 40 MW PPA at INR 2.79/unit under the PM KUSUM-C Scheme in Madhya Pradesh; the project is expected to generate INR 15-16 cr in annual revenue once commissioned within ~12 months, at a capex of INR 130-140 cr. FY26 revenue mix is roughly summer 42% and winter 45% of sales, reflecting India's tropical-climate tilt. Cost-wise, the largest line is other operating expenses at 20.3% of revenue, followed by employee costs at 11.5%, materials at 8.8% and depreciation at 5.1%; capex was 3.0% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Branded apparel (Monte Carlo core, Rock.it, Cloak & Decker), Footwear, Home textiles (12%), Online sales (own site, quick commerce, overseas platforms), Solar power generation. Asset-light branded apparel retailer with a fast-growing online and quick-commerce channel and a new solar IPP diversification.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
FY26
Revenue
904
1,118
1,062
1,100
1,276
EBITDA (ex other income)
180
218
142
187
227
margin %
19.9
19.5
13.4
16.9
17.8
Owners' profit
0
0
60
0
0
EPS, as reported (₹)
54.96
63.92
28.91
39.15
54.05
ROE % · ROCE %
16.6 · 21.1
17.1 · 20.6
7.5 · 11.9
9.7 · 14.9
12.4 · 16.9
Debt / equity (x)
0.10
0.26
0.27
0.34
0.36
Cash from operations
71
(5)
81
73
100
Capex
(25)
(53)
(35)
(38)
(38)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MONTE CARLO FASHIONS LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
220
549
206
139
249
608
280
149
Profit before tax
11
130
(9)
(22)
22
142
5
(32)
Net profit
8
97
(10)
(16)
16
107
5
(23)
EPS (₹)
3.88
46.66
(4.99)
(7.82)
7.84
51.61
2.42
(11.30)
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
PAGE INDUSTRIES LTD
37,812
50.0
25.16
—
50.8
58.6
—
21.1
ARVIND LIMITED
13,369
32.3
3.23
14.1
10.3
11.9
12.9
9.4
PEARL GLOBAL IND LIMITED
5,588
18.0
3.89
11.2
18.8
16.8
27.5
11.2
GOKALDAS EXPORTS LTD.
4,744
46.0
2.20
12.9
4.6
6.0
26.9
12.1
LUX INDUSTRIES LIMITED
3,496
32.8
1.92
19.4
5.8
7.3
8.4
8.2
SBC EXPORTS LIMITED
3,114
76.9
38.83
70.5
31.5
28.3
—
13.9
KEWAL KIRAN CLOTHING LTD
2,631
17.8
2.35
9.6
13.6
16.6
32.0
24.0
KITEX GARMENTS LTD
2,250
—
1.82
34.0
(1.1)
0.3
7.9
11.3
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
10.2
16.2
12 of 37
69%
P/B
1.2
1.5
16 of 35
56%
ROCE
12.6
8.4
16 of 44
65%
ROE
12.4
5.8
7 of 35
82%
Debt / Equity
0.4
0.3
23 of 35
35%
EBITDA margin
(1.7)
10.4
32 of 35
9%
Revenue growth
7.6
7.9
20 of 37
47%
Profit growth
(44.4)
6.8
30 of 37
19%
Market cap
1065
146
13 of 44
72%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MONTE CARLO FASHIONS LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
23 Oct 2026 · Monte Carlo schedules Q2 FY27 results conference call for November 4
board shareholder meetings
low
—
—
23 Oct 2026 · Board meeting set for September 2026 quarterly and half-year results
results
low
—
—
10 Oct 2026 · Compliance certificate filed under SEBI Depository Regulations for Q2 FY26
compliance
minimal
—
—
30 Sept 2026 · Monte Carlo Fashions appoints EY as Investor Relations Agency
business updates
low
—
—
29 Sept 2026 · AGM 2026: all 10 resolutions passed including dividend and director re-appointments
compliance
low
—
—
28 Sept 2026 · Monte Carlo re-appoints CMD and four directors for five-year terms
management changes
medium
—
—
28 Sept 2026 · Monte Carlo re-appoints 5 directors at AGM including Chairman and Managing Director
management changes
medium
—
—
28 Sept 2026 · Monte Carlo 18th AGM held; all 10 resolutions passed including dividend approval
board shareholder meetings
low
—
—
24 Sept 2026 · Trading window closure from Oct 1 ahead of Q2 FY27 results
compliance
minimal
—
—
3 Sept 2026 · Newspaper publication of 18th AGM notice with dividend and book closure details
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
