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.
| ₹ 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) |
| ₹ 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) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 39,474 | 52.2 | 26.27 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 15,120 | 36.5 | 3.65 | 15.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| GOKALDAS EXPORTS LTD. | 5,773 | 56.0 | 2.67 | 15.3 | 4.6 | 6.0 | 26.9 | 12.1 |
| PEARL GLOBAL IND LIMITED | 5,506 | 17.7 | 3.83 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Newspaper publication of 18th AGM notice with dividend and book closure details | compliance | minimal | — | — |
| 31 Aug 2026 · Monte Carlo sets Sep 28, 2026 AGM date, shares FY26 annual report link | compliance | minimal | — | — |
| 31 Aug 2026 · Monte Carlo Fashions sets Sept 21 record date for FY26 dividend, AGM on Sept 28 | corporate actions | high | — | — |
| 31 Aug 2026 · Monte Carlo Fashions sets Sep 21, 2026 as record date for FY26 dividend | corporate actions | high | — | — |
| 31 Aug 2026 · Monte Carlo fixes Sept 21 record date for dividend, 18th AGM on Sept 28 | corporate actions | high | — | — |
| 31 Aug 2026 · Monte Carlo Fashions 18th AGM set for Sept 28, dividend record date Sept 21 | corporate actions | medium | — | — |
| 31 Aug 2026 · Monte Carlo files BRSR for FY2025-26 with BSE and NSE | compliance | low | — | — |
| 31 Aug 2026 · Annual Report FY 2025-26 filed, 18th AGM on Sept 28 with Rs 20 dividend | results | high | — | — |
| 24 Aug 2026 · Monte Carlo Fashions files August 2026 Investor Presentation | investor communications | medium | — | — |
| 24 Aug 2026 · Monte Carlo Fashions files Investor Presentation for August 2026 | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| LUX INDUSTRIES LIMITED | 3,443 | 32.3 | 1.89 | 19.2 | 5.8 | 7.3 | 8.4 | 8.2 |
| KEWAL KIRAN CLOTHING LTD | 3,051 | 20.6 | 2.73 | 11.2 | 13.6 | 16.6 | 32.0 | 24.0 |
| S. P. APPARELS LIMITED | 2,582 | 24.5 | 2.75 | 12.4 | 10.7 | 14.2 | 19.3 | 15.9 |
| KITEX GARMENTS LTD | 2,473 | — | 2.00 | 36.2 | (1.1) | 0.3 | 7.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.0 | 17.7 | 14 of 39 | 66% |
| P/B | 1.3 | 1.6 | 15 of 35 | 56% |
| ROCE | 12.6 | 8.4 | 16 of 44 | 65% |
| ROE | 12.4 | 5.8 | 8 of 37 | 81% |
| Debt / Equity | 0.4 | 0.3 | 25 of 37 | 33% |
| 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 | 1151 | 158 | 13 of 44 | 72% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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.
