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Monte Carlo Fashions
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Monte Carlo Fashions Ltd is one of the leading branded apparel companies. The company has a well diversified presence across various categories such as Cottons, Woollens, Home Furnishings and Kids etc. The company has created a comprehensive range of woollens, cottons, cotton blended, knitted and woven apparels for Men, Women and Kids under the umbrella brand Monte Carlo.
The company has a strong distribution network with a wide presence across India through 2,500 plus Multi Brand Outlets (MBOs), 235 Exclusive Brand Outlets (EBOs) and 283 National Chain Stores (NCS) as at March 31, 2018. Majority of the company's revenues comes from MBOs and franchise EBOs where the company primarily sells on pre-orders and outright basis.
Monte Carlo Fashions Ltd was launched in 1984 by Oswal Woolen Mills Ltd, the flagship company of Nahar group. The launch was a significant step in the evolution of branded garment industry in India. Since then, it has been catering to the ever-growing demands of the Clothing and Fashion industry.
The brand has gained the ISO 9001: 2000 certifications and has been felicitated by the International Wool Secretariat with the prestigious Best Exhibited Product award. It has also emerged as the No. 1 brand in the men's wear category in a survey conducted in the summer of 2009 by Images-ORG-MARG.
In 2011, the branded apparel business of the parent company, Oswal Woollen Mills Ltd., was demerged into Monte Carlo Fashions Limited (MCFL), which retains the ownership of the brand Monte Carlo'.
In April 2014, the company commenced in-house manufacturing of some of its cotton T-shirts, thermals and socks. In 2014, Monte Carlo was honored as one of ASIA'S BEST MARKETING BRANDS by World Consulting & Research Corporation (WCRC).
During the year 2015 under review, the company launched first outlet in Hyderabad.
During the financial year ended 31 March 2015, the company achieved an excellent growth in the sale of 'Cloak & Decker' the economy range launched by the company in 2014. The Company also commenced production of socks during the year. The company also expanded its sale net work by increasing its number of exclusive retail outlets/large format stores and distributors during the year.
Monte Carlo Fashions' shares were listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 19 December 2014 pursuant to the successful completion of Initial Public Offering (IPO). This was an offer for sale by the existing shareholders of the company wherein the Private Equity Investor (Kanchi Investments Limited) and the Promoters divested 1646420 shares (7.58%) and 3786596 shares (17.42%) respectively, at a premium of Rs.635/- per equity share of Rs. 10/- each. The IPO of the Company received an overwhelming response from the Investors as it was oversubscribed by 7.83 times, thereby making this IPO a remarkable success. During the financial year ended 31 March 2016, the company achieved an excellent growth in the sale of 'Cloak & Decker' & 'Tweens' the economy range and the kids range respectively launched by the company in 2014. During the year under review, the company also introduced socks under the brand Monte Carlo and the response received is very encouraging. The company also expanded its sales network by increasing its number of exclusive retail outlets/large format stores and distributors during the year.
Monte Carlo Fashions' financial performance for the year ended 31 March 2017 was adversely impacted by demonetisation in the third quarter of financial year, which accounts. approximately 60% of its sales. To recover from lower sales in the third quarter, the Company started early discounts in the fourth quarter.
During the financial year ended 31 March 2018, the company launched its Fitness and Fashion wear range in the name of 'ROCK IT'. The basic idea behind it was to introduce garments having an ideal combination of fitness and fashion. Initially, the products were sold through the e-commerce platforms and after considering the acceptability of the products and also to push its sales the company has decided to market its new products through other distributing channels.
Monte Carlo Fashions share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Monte Carlo Fashions indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Monte Carlo Fashions is valued compared to its competitors.
Monte Carlo Fashions PE ratio helps investors understand what is the market value of each stock compared to Monte Carlo Fashions 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Monte Carlo Fashions evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Monte Carlo Fashions generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Monte Carlo Fashions in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Monte Carlo Fashions shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Monte Carlo Fashions compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Monte Carlo Fashions over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Monte Carlo Fashions helps investors get an insight into when they can enter or exit the stock. Key components of Monte Carlo Fashions Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Monte Carlo Fashions shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Monte Carlo Fashions ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Monte Carlo Fashions provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Monte Carlo Fashions highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Monte Carlo Fashions .
The balance sheet presents a snapshot of Monte Carlo Fashions ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.