Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Monarch Networth Capital Ltd

MONARCH
Finance - Capital Markets - Brokers

Monarch Networth Capital Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: the net margin is the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on the net margin holding.

The price is in a confirmed uptrend (14 weeks in) while the P/BV sits at the 46th percentile of its own 11-year range. Underneath, the last four quarters read mixed — profit +0.0% year on year, with the the net margin at 49.5%. What settles it: the next one or two quarters of delivery.

Stage
Improving
fundamental trajectory, 12 quarters
Price
₹373
+15.3% 1Y
P/BV
3.0×
46th pctile
of its own 11-year range
Revenue (Jun 26)
₹91.0 Cr
−7.1% YoY
Profit (Jun 26)
₹45.0 Cr
+0.0% YoY
Net margin
49.5%
+3.6 pp YoY
ROE
21%
FY26
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Monarch Networth Capital Ltd trades at ₹373, in a confirmed uptrend and 14 weeks into that stage. That is +10.5% against its own 200-day average. It sits at 89% of a 52-week range of ₹242 to ₹390. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 29 straight weeks.

Today the stock is in a confirmed uptrend — week 14 of stage 2, confirmed. At ₹373 it trades +10.5% versus its 200-day average and sits at 89% of its 52-week range (₹242–₹390).

Sep 26: ₹373 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+10.5% versus the 200-day line, week 14 of stage 2
Price50-day avg200-day avg
S2S4S4S2₹493₹398₹303₹208₹113₹373₹338Sep 23Jun 24Mar 25Jan 26Sep 26
S2S4S4S2₹493₹398₹303₹208₹113₹373₹338Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (555 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +2,474% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 29 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Story check

Story check

Monarch Networth Capital Ltd's story is not scored yet against the markers our research file set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Market volume contraction causes revenue drops of 30–40% within a single quarter. Our fortnightly research layers last read it on 22 August 2026.

NOT YET CHECKED

What is proven. See the research file

What is not proven yet. Market volume contraction causes revenue drops of 30–40% within a single quarter.

🚨 Layer 1 read, 22 August 2026 — DROP. Profit flat for five quarters and revenue now falling — the headline growth is just an old bad quarter dropping out. Monarch has earned Rs 45-46 Cr in each of the last five quarters with per-share earnings stuck between Rs 5.67 and Rs 5.75, and in the June quarter revenue actually fell 7.1% against a year earlier. The 16.8% trailing profit growth everyone would quote comes from the March 2025 quarter — when a market slump cut profit to Rs 25 Cr — finally dropping out of the twelve-month window, not from the business improving. Reading the raw quarterly rows myself, even the flat Rs 45 Cr needed a hand: pre-tax profit fell from Rs 63 Cr to Rs 56 Cr and only a tax rate falling from 28% to 19% kept the reported number level. There is little room left to squeeze, since the operating margin is already 66-70%…

What would change Layer 1’s mind. This Timeline predates schema 1.4 and carries no would_change_my_mind of its own, so I set the falsification myself. Its own milestone M1 requires profit at or above Rs 45 Cr for the next two quarters. Sharpened: if the September 2026 quarter breaks the Rs 45-46 Cr ceiling with revenue back above Rs 100 Cr — that is, the plateau ends and the top line resumes growing rather than shrinking — the flat-earnings finding is wrong and this moves up materially. The reverse, a quarter below Rs 40 Cr…

the numbers
STRONG_OPPORTUNITY
the price
stage 2, above the 200-day line
the why
STRONG_OPPORTUNITY
FY26-Q2FY27-Q1

🚨 What the surface reading misses. The surface reading is: 69% OPM annual (77% quarterly peak) — exceptional capital-light margin profile The research reads it further: For a capital-markets broker, OPM oscillates sharply with market volumes (fixed costs + variable staff costs). The 77% quarterly peak (Sep 2025) coincided with lower revenue (₹83 Cr) — not higher revenue — meaning margin expanded because revenue mix or cost base compressed, not because the business became structurally better. The cycle_normalized module shows opm_percentile=85 and opm_max=76.7% for the 10-year history, indicating the Sep 2025 77% OPM already hit the decade high.

🚨 What the surface reading misses. The surface reading is: P/BV at 2.76x is below median — looks like a value opportunity in a good-quality broker The research reads it further: P/BV has compressed 67% from the Jun 2024 peak of 8.6x (drawdown_from_peak_pct = -67.44 per curve). For a capital-markets broker, P/BV typically peaks at the height of a bull market (maximum client activity, peak margins) and troughs either at market bottoms or after SEBI regulatory tightening. The current 37.5th percentile is mid-cycle — neither a trough setup (0.7x was the COVID trough) nor a peak. Book is growing (₹123/share, up from ~₹65/share in FY24) as retained earnings accumulate.

Sources: our stock research file (14 June 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.

03 · Revenue

Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.

Monarch Networth Capital Ltd reported ₹91.0 Cr of income in the Jun 26 quarter, −7.1% year on year. Over 10 years it has compounded at 21.5% a year. The last full year, FY26, came in at ₹372 Cr. The last four reported quarters add to ₹365 Cr.

Why this happened. India's demat account count has grown from ~40 million (2020) to ~170 million+ (2025–26), with MNCL's own client base more than tripling from ~6,282 (Mar 2023) to ~19,564 (Dec 2025). Each new-to-market investor creates recurring broking revenue and potential cross-sell opportunities into mutual funds, insurance, and PMS.

FY26 revenue came in at ₹372 Cr (+13.4% on the year), capping 10 years at 21.5% compound. The latest quarter (Jun 26) printed ₹91.0 Cr, −7.1% year on year.

FY26 revenue ₹372 Cr (+13.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
21.5% a year over 10 years
RevenueYoY growth
40279%30153%20127%1001.3%0−25%₹ Cr%₹37213.4%FY16FY21FY26
40279%30153%20127%1001.3%0−25%₹ Cr%₹37213.4%FY16FY21FY26
Jun 26: ₹91.0 Cr (−7.1% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
112128%8488%5648%288.5%0−31%₹ Cr%₹91−7.1%Sep 23Dec 24Jun 26
112128%8488%5648%288.5%0−31%₹ Cr%₹91−7.1%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +13.7% growth against the decade's 21.5% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +7.4% over the last 4 quarters against +7.8%/yr over the last 8 — stabilising; TTM profit +16.8% vs +11.0%/yr — accelerating.

FY26-Q4. revenue ₹100 Cr and profit ₹46 Cr as reported.

FY27-Q1. revenue ₹91 Cr and profit ₹45 Cr as reported.

Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.

04 · Net margin

Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.

Monarch Networth Capital Ltd's net margin is 49.5% in the Jun 26 quarter, +3.6 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the net margin has ranged −4.8% to 48.7%. The current quarter is running above every full year in that window.

Why this happened. OPM expanded from 40% (FY23) to 69% (FY26 annual) as revenue nearly tripled over the same period. Technology, compliance, and branch-level fixed costs spread over a growing revenue base. This leverage is real but cyclical — in a low-volume market (Q4 FY25 revenue ₹61 Cr vs ₹104 Cr in Q2 FY25) the OPM compressed to 63%.

The latest quarter's net margin is 49.5%, +3.6 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged −4.8%–48.7%, and FY26's 48.7% is the top of that band — a record year.

Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 48.7% Net margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a −4.8–48.7% band over 13 years
net marginYoY change (pp)
53%23%37%13%22%3.1%6.4%−6.9%−9.1%−17%%%48.7%3.3%FY14FY20FY26
53%23%37%13%22%3.1%6.4%−6.9%−9.1%−17%%%48.7%3.3%FY14FY20FY26
Jun 26: 49.5% net margin (+3.6 pp YoY) Quarterly net margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Net profit as a share of total revenue, per quarter.
Net marginYoY change (pp)
55%39%51%27%48%15%44%3.4%40%−8.4%%%49.5%3.6%Sep 23Dec 24Jun 26
55%39%51%27%48%15%44%3.4%40%−8.4%%%49.5%3.6%Sep 23Dec 24Jun 26

FY26-Q4. revenue ₹100 Cr and profit ₹46 Cr as reported.

FY27-Q1. revenue ₹91 Cr and profit ₹45 Cr as reported.

Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.

05 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Monarch Networth Capital Ltd earned ₹45.0 Cr of net profit in the Jun 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹181 Cr. That is 49.5% of the quarter's revenue. The same quarter a year earlier earned ₹45.0 Cr.

Jun 26 profit was ₹45.0 Cr, +0.0% year on year. On the full year, FY26 printed ₹181 Cr (+21.5%).

FY26 profit ₹181 Cr (+21.5% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
1951,196%147848%98500%49152%0−196%₹ Cr%₹18121.5%FY16FY21FY26
1951,196%147848%98500%49152%0−196%₹ Cr%₹18121.5%FY16FY21FY26
Jun 26: ₹45.0 Cr (+0.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
50731%37529%25328%12126%0−75%₹ Cr%₹450%Sep 23Dec 24Jun 26
50731%37529%25328%12126%0−75%₹ Cr%₹450%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed −7.1% and the margin +3.6 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +24.0% vs revenue +13.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

FY26-Q4. revenue ₹100 Cr and profit ₹46 Cr as reported.

FY27-Q1. revenue ₹91 Cr and profit ₹45 Cr as reported.

Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.

06 · Asset quality — the ladder

Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.

Loan-book quality history is not available for Monarch Networth Capital Ltd, so this section names the gap rather than estimating a ratio. No gross or net non-performing-asset series is filed in a form this page can read, and none is inferred from the profit line. The income, margin and return sections above carry the evidence this business does report.

We do not hold quarterly loan-book quality numbers for this bank, so this section states that plainly rather than working around it.

Why: loan-book quality is the engine room of a bank, and its drivers — slippages, recoveries, provisioning — sit below what we hold for this name; the sections around it carry the reads we can stand behind.

07 · The loan book

The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.

Monarch Networth Capital Ltd's revenue grew +13.4% in FY26 to ₹372 Cr, so the book is growing. The latest quarter ran −7.1% year on year. The net margin on that income is 49.5%, +3.6 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.

FY26 revenue was ₹372 Cr, +13.4% on the year, and the latest quarter ran −7.1% year on year. The net margin on that revenue is 49.5% this quarter (+3.6 pp YoY) — growth with a widening margin on it.

FY26: revenue ₹372 Cr (+13.4% YoY) with the net margin at 48.7% Revenue by fiscal year, ₹ Cr (bars, left); net margin, % (line, right). 11-year window. A bar is red when it is lower than the year before.
RevenueNet margin
40253%30138%20124%10010%0−3.9%₹ Cr%₹37248.7%FY16FY18FY21FY23FY26
40253%30138%20124%10010%0−3.9%₹ Cr%₹37248.7%FY16FY21FY26

The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.

08 · Returns on equity and assets

Returns on equity and assets Two numbers usually rate a lender: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys.

A clean annual return-on-equity ladder is not held for Monarch Networth Capital Ltd. For an insurer especially the standard bank ratios are not the right lens, so this page does not force them onto the filings rather than estimating a series it cannot support. The revenue, margin and ownership sections above and below are the reads this page stands behind.

We do not hold a clean annual return-on-equity series for Monarch Networth Capital Ltd — for an insurer especially, the standard bank ratios are not the right lens, so this page does not force them. The revenue, margin and ownership sections above and below are the reads we stand behind.

09 · Debt

Debt

For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.

A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.

10 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions added 2.6 points of Monarch Networth Capital Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 2.8% of the company. Promoters moved −2.1 points over the same window, to 53.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +2.6 points over 8 quarters to 2.8%; Promoters: −2.1 points over 8 quarters to 53.8%; Domestic institutions: +0.1 points over 8 quarters to 0.1%.

Why the register moved: foreign institutions drove it (+2.6 points), absorbed on the other side by promoters (−2.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters −2.1 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
60%44%28%12%−4.3%%53.9%1.5%0.1%44.5%Mar 24Mar 25Mar 26
60%44%28%12%−4.3%%53.9%1.5%0.1%44.5%Mar 24Mar 25Mar 26
Foreign institutions added 2.6 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
60%44%28%12%−4.5%%53.8%2.8%0.1%43.2%Jun 23Dec 24Jun 26
60%44%28%12%−4.5%%53.8%2.8%0.1%43.2%Jun 23Dec 24Jun 26
11 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Monarch Networth Capital Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.

The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.

12 · Valuation

Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.

Monarch Networth Capital Ltd trades at 3.0× P/BV, mid-range by its own standards (46th percentile). Its long-run median P/BV is 3.3×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/BV of 3.0× is mid-range by its own standards (46th percentile), against a long-run median of 3.3× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: the net margin is the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/BV 3.0× vs a 3.3× long-run median P/BV, weekly (left axis); book value per share, weekly (right axis). 10.5-year window; brief peaks above 9.1× shown pinned at the top. The book value / share bars are red where the reading is lower than the quarter before.
mid-range by its own standards (46th percentile)
P/BVMedianBook value / share (quarterly)
9.8×₹1357.3×₹1014.9×₹67.32.4×₹33.60.0×₹0.0×3.00×₹124Mar 16Nov 18Jun 21Feb 24Sep 26
9.8×₹1357.3×₹1014.9×₹67.32.4×₹33.60.0×₹0.0×3.00×₹124Mar 16Jun 21Sep 26
PEG 0.72 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Computed here as quarter-end P/E ÷ trailing-twelve-month EPS growth (only quarters with positive growth), because a reported quarterly PEG is not held for this stock. Last 8 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
2.1×1.6×1.0×0.5×0.0××0.72×Q2 FY24Q3 FY24Q1 FY25Q3 FY25Q4 FY26
2.1×1.6×1.0×0.5×0.0××0.72×Q2 FY24Q1 FY25Q4 FY26
P/BV
3.0×
46th percentile of 11y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Why the multiple sits where it does: over the past year book value grew while the price moved +15.3% — price and book moved together, holding the multiple in its range.

The price move, decomposed: over 5y, of the +41.2%/yr price move, ~+56.4%/yr came from book-value growth and ~−15.2 pp from the multiple (compressing); over 10y, of the +35.0%/yr price move, ~+33.6%/yr came from book-value growth and ~+1.4 pp from the multiple (expanding). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the book-value line underneath it, not the multiple.

13 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 27 August 2026 price, Monarch Networth Capital Ltd was paying for profit growth of about 8.0% a year. Today the market pays 3.0× P/BV, the 46th percentile of its own 11-year range.

What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is the whole of what a buyer is backing.

How to hold this number: it is a reading of one day's price, taken on 27 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

14 · Stage: Improving

Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Monarch Networth Capital Ltd reads as improving on its fundamental arc. Improving — EPS growth bottomed 3 quarters ago at −9.1% and has held its recovery at +16.4%, ROE holding at 18.6%. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +13.4% in FY26, profit +21.5% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
79%332%53%216%27%100%1.3%−16%−25%−132%%%13.4%21.5%FY16FY21FY26
79%332%53%216%27%100%1.3%−16%−25%−132%%%13.4%21.5%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit accelerating
RevenueProfitEPS
97%231%69%166%42%102%14%37%−14%−27%%%7.4%16.8%16.4%Sep 23Dec 24Jun 26
97%231%69%166%42%102%14%37%−14%−27%%%7.4%16.8%16.4%Sep 23Dec 24Jun 26
ROE Trailing-twelve-month net profit as a share of quarter-end equity, %.
the return curve, computed quarterly
ROE
44%37%30%23%16%%18.6%Sep 23Mar 24Dec 24Sep 25Jun 26
44%37%30%23%16%%18.6%Sep 23Dec 24Jun 26
Revenue growth
Rising
latest +7.4% · span −6.2% to +89.2%
Profit growth
Rising
latest +16.8% · span +1.3% to +212.8%
EPS growth
Rising
latest +16.4% · span −9.4% to +194.1%
ROE
Steady high
latest 18.6% · span 17.7%–42.5%

Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+13.4%+31.9%+29.3%+21.5%
Profit+21.5%+61.5%+49.8%
EPS+20.2%+53.3%+42.3%+76.0%
Share price+15.3%+27.8%+41.2%+35.0%
Revenue YoY (Jun 26)
−7.1%
latest quarter vs a year ago
Profit YoY (Jun 26)
+0.0%
latest quarter vs a year ago
Revenue 10y
21.5%
long-run compound pace
15 · 4-Factor Sector Score

4-Factor Sector Score

65.1/100 — rank 4 of 16 in Finance - Capital Markets - Brokers · 88% evidence confidence

Monarch Networth Capital Ltd scores 65.1 out of 100 against the 16 companies it is compared with in Finance - Capital Markets - Brokers, ranking 4. Price leads the evidence: RS versus the benchmark is 18.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 16.2 + 19.5 + 13.3 + 16.1 = 65.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.

16 · Related companies · Finance - Capital Markets - Brokers
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Indo Thai Securities LtdINDOTHAI 68.2/100Favorable setup82% evidence ASLEEP 32.5/35 Income 100% · PAT 100% 86% evidence 19.4/25 ROA 17.6% · ROE 28.7% · GNPA — 72% evidence 16.3/20 P/BV 1.86× · P/BV÷ROE 0.07 70% evidence 0.0/20 RS sector -84.7% · RS bench -84.3% · 1Y -74%0 of 12 weeks ahead 100% evidence
Exact sum: 32.5 + 19.4 + 16.3 + 0 = 68.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -84.7% and the one-year return is -74%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Share India Securities LtdSHAREINDIA 68.2/100Favorable setup82% evidence BREAKING OUT 18.1/35 Income 14.7% · PAT 17.8% 86% evidence 16.1/25 ROA 7.1% · ROE 13% · GNPA — 72% evidence 14.7/20 P/BV 1.66× · P/BV÷ROE 0.13 70% evidence 19.3/20 RS sector 27.1% · RS bench 30.2% · 1Y 34.7%10 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 16.1 + 14.7 + 19.3 = 68.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Paisalo Digital LtdPAISALO 65.8/100Favorable setup100% evidence LEADER 23.6/35 Income 22.5% · PAT 22.4% 100% evidence 19.4/25 ROA 3.8% · ROE 14.4% · GNPA 0.7% 100% evidence 3.2/20 P/BV 4.27× · P/BV÷ROE 0.3 100% evidence 19.6/20 RS sector 78.2% · RS bench 81.4% · 1Y 143.5%12 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 19.4 + 3.2 + 19.6 = 65.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
4Monarch Networth Capital Ltdthis pageMONARCH 65.1/100Favorable setup88% evidence LEADER 16.2/35 Income 7.3% · PAT 16.8% 86% evidence 19.5/25 ROA 11.5% · ROE 20.5% · GNPA — 72% evidence 13.3/20 P/BV 3.04× · P/BV÷ROE 0.15 100% evidence 16.1/20 RS sector 16.1% · RS bench 18.9% · 1Y 13.9%12 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 19.5 + 13.3 + 16.1 = 65.1 · Decision use: Price leads the evidence: RS versus the benchmark is 18.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5Anand Rathi Share & Stock Brokers LtdARSSBL 55.5/100Mixed-positive evidence62% evidence ASLEEP 20.3/35 Income 16.9% · PAT 35.4% 86% evidence 13.4/25 ROA 1.8% · ROE 14% · GNPA — 72% evidence 11.8/20 P/BV 2.28× · P/BV÷ROE 0.16 70% evidence 10.0/20 RS sector — · RS bench — · 1Y 6.6%1 of 10 weeks ahead 0% evidence
Exact sum: 20.3 + 13.4 + 11.8 + 10 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Choice International LtdCHOICEIN 53.2/100Mixed-positive evidence61% evidence BREAKING OUT 24.6/35 Income 26.5% · PAT 40.2% 52% evidence 14.5/25 ROA — · ROE 16.1% · GNPA — 34% evidence 3.6/20 P/BV 10.13× · P/BV÷ROE 0.63 70% evidence 10.5/20 RS sector -1% · RS bench 1.6% · 1Y -3.5%11 of 12 weeks ahead 100% evidence
Exact sum: 24.6 + 14.5 + 3.6 + 10.5 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7SMC Global Securities LtdSMCGLOBAL 53.1/100Mixed-positive evidence86% evidence LEADER 13.1/35 Income 12.3% · PAT -11.3% 81% evidence 11.6/25 ROA 1.8% · ROE 8.1% · GNPA — 68% evidence 10.5/20 P/BV 1.38× · P/BV÷ROE 0.17 100% evidence 17.9/20 RS sector 16.7% · RS bench 19.8% · 1Y 26.3%12 of 12 weeks ahead 100% evidence
Exact sum: 13.1 + 11.6 + 10.5 + 17.9 = 53.1 · Decision use: Price leads the evidence: RS versus the benchmark is 19.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Angel One LtdANGELONE 50.6/100Mixed-positive evidence88% evidence ASLEEP 14.2/35 Income 9.1% · PAT 3.9% 86% evidence 16.6/25 ROA 3.8% · ROE 15.6% · GNPA — 72% evidence 8.2/20 P/BV 4.54× · P/BV÷ROE 0.29 100% evidence 11.6/20 RS sector 8.7% · RS bench 11.2% · 1Y 32.7%3 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 16.6 + 8.2 + 11.6 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Summit Securities LtdSUMMITSEC 47.9/100Mixed-negative evidence80% evidence BASING 29.1/35 Income 32.9% · PAT 41.2% 81% evidence 6.3/25 ROA 1.1% · ROE 1.1% · GNPA — 68% evidence 8.6/20 P/BV 0.18× · P/BV÷ROE 0.16 70% evidence 3.9/20 RS sector -20.5% · RS bench -18.3% · 1Y -36.9%0 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 6.3 + 8.6 + 3.9 = 47.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.5% and the one-year return is -36.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10Meghna Infracon Infrastructure LtdMIIL 46.1/100Thin evidence · provisional55% evidence 15.6/35 Income 23.1% · PAT -51.4% 52% evidence 15.8/25 ROA — · ROE 21.9% · GNPA — 34% evidence 3.0/20 P/BV 53.65× · P/BV÷ROE 2.45 70% evidence 11.7/20 RS sector 2.9% · RS bench 8.7% · 1Y 20.4%9 of 12 weeks ahead 70% evidence
Exact sum: 15.6 + 15.8 + 3 + 11.7 = 46.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11IIFL Capital Services LtdIIFLCAPS 44.9/100Mixed-negative evidence67% evidence TURNING 11.7/35 Income 2.1% · PAT -19% 52% evidence 14.8/25 ROA — · ROE 16.2% · GNPA — 34% evidence 7.0/20 P/BV 3.45× · P/BV÷ROE 0.21 100% evidence 11.4/20 RS sector 3.3% · RS bench 5.9% · 1Y 13.4%5 of 12 weeks ahead 100% evidence
Exact sum: 11.7 + 14.8 + 7 + 11.4 = 44.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Geojit Financial Services LtdGEOJITFSL 40.9/100Mixed-negative evidence67% evidence LEADER 8.9/35 Income -5.5% · PAT -52.3% 52% evidence 10.8/25 ROA — · ROE 7.3% · GNPA — 34% evidence 7.2/20 P/BV 1.83× · P/BV÷ROE 0.25 100% evidence 14.0/20 RS sector 6.7% · RS bench 9.3% · 1Y 3.3%10 of 12 weeks ahead 100% evidence
Exact sum: 8.9 + 10.8 + 7.2 + 14 = 40.9 · Decision use: Price leads the evidence: RS versus the benchmark is 9.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
135paisa Capital Ltd5PAISA 32.5/100Adverse evidence86% evidence BREAKING OUT 8.5/35 Income -1.8% · PAT -26.7% 81% evidence 11.4/25 ROA 2.3% · ROE 7% · GNPA — 68% evidence 4.7/20 P/BV 2.37× · P/BV÷ROE 0.34 100% evidence 7.9/20 RS sector -3.3% · RS bench -0.9% · 1Y -10.7%10 of 12 weeks ahead 100% evidence
Exact sum: 8.5 + 11.4 + 4.7 + 7.9 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Arihant Capital Markets LtdARIHANTCAP 32.5/100Adverse evidence86% evidence BREAKING OUT 6.6/35 Income 3.6% · PAT -26.4% 81% evidence 11.9/25 ROA 2.8% · ROE 7.7% · GNPA — 68% evidence 6.8/20 P/BV 1.97× · P/BV÷ROE 0.26 100% evidence 7.2/20 RS sector -5.5% · RS bench -2.9% · 1Y -24.5%7 of 12 weeks ahead 100% evidence
Exact sum: 6.6 + 11.9 + 6.8 + 7.2 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Emkay Global Financial Services LtdEMKAY 24.7/100Adverse evidence80% evidence FADING 9.6/35 Income 21.3% · PAT -59.1% 81% evidence 5.9/25 ROA 0.9% · ROE 4.5% · GNPA — 68% evidence 4.1/20 P/BV 1.73× · P/BV÷ROE 0.38 100% evidence 5.1/20 RS sector -10.8% · RS bench -2.4% · 1Y 14%4 of 10 weeks ahead 70% evidence
Exact sum: 9.6 + 5.9 + 4.1 + 5.1 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Billionbrains Garage Ventures LtdGROWW 54.5/100Thin evidence · provisional41% evidence TURNING 24.4/35 Income 37.7% · PAT 30.9% 52% evidence 16.3/25 ROA — · ROE 28.8% · GNPA — 34% evidence 3.8/20 P/BV 12.99× · P/BV÷ROE 0.45 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 12 weeks ahead 0% evidence
Exact sum: 24.4 + 16.3 + 3.8 + 10 = 54.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

17 · Frequently asked questions

Frequently asked questions

What is Monarch Networth Capital Ltd's share price today?

Monarch Networth Capital Ltd trades at ₹373, +15.3% over the past year. The company is valued at ₹2,966 Cr. The stock sits at 89% of its 52-week range of ₹242–₹390, +10.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 14 weeks in. — as of 11 September 2026.

What were Monarch Networth Capital Ltd's latest quarterly results?

Monarch Networth Capital Ltd reported total income of ₹91.0 Cr and net profit of ₹45.0 Cr for the Jun 26 quarter. Income fell 7.1% and profit rose 0.0% year on year. Earnings per share were ₹5.70. The net margin was 49.5%, 3.6 pp higher than a year earlier. — as of 11 September 2026.

What is Monarch Networth Capital Ltd's revenue?

Monarch Networth Capital Ltd reported revenue of ₹91.0 Cr in the Jun 26 quarter, −7.1% year on year. For the full FY26 fiscal year, revenue was ₹372 Cr (+13.4%). Over the last 10 years revenue compounded at 21.5% a year. — as of 11 September 2026.

What is Monarch Networth Capital Ltd's profit?

Monarch Networth Capital Ltd earned ₹45.0 Cr of net profit in the Jun 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹181 Cr. The net margin ran 49.5% in the latest quarter. — as of 11 September 2026.

What is Monarch Networth Capital Ltd's market cap?

Monarch Networth Capital Ltd's market capitalisation is ₹2,966 Cr at a share price of ₹373. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Monarch Networth Capital Ltd's P/BV ratio?

Monarch Networth Capital Ltd trades at a P/BV of 3.0×, at the 46th percentile of its own 11-year range, against a long-run median of 3.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Monarch Networth Capital Ltd pay a dividend?

Yes — Monarch Networth Capital Ltd's dividend payout was 4% of profit in FY26, and it recorded a payout in 6 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is Monarch Networth Capital Ltd overvalued?

On its own history, Monarch Networth Capital Ltd looks mid-range: its P/BV of 3.0× sits at the 46th percentile of its 11-year range (long-run median 3.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: the net margin is the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.

Is Monarch Networth Capital Ltd growing?

The picture is mixed for Monarch Networth Capital Ltd: latest-quarter revenue −7.1% year on year, profit +0.0%, and the net margin +3.6 pp at 49.5%. The earnings engine currently reads: mixed — as of 11 September 2026.

How is Monarch Networth Capital Ltd performing?

Monarch Networth Capital Ltd is in a confirmed uptrend, 14 weeks in. Its latest quarter's income fell 7.1% and profit rose 0.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 29 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Monarch Networth Capital Ltd in?

Improving — EPS growth bottomed 3 quarters ago at −9.1% and has held its recovery at +16.4%, ROE holding at 18.6%. The read comes from the last 12 quarters of growth (revenue growth +7.4% latest, profit growth +16.8% latest, eps growth +16.4% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Monarch Networth Capital Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 14 of stage 2), trading +10.5% versus its 200-day average and at 89% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Monarch Networth Capital Ltd beating the market?

On recent form, yes — Monarch Networth Capital Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 29 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +2,474% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.

Will Monarch Networth Capital Ltd's share price go up?

This page publishes no price forecast for Monarch Networth Capital Ltd. What it measures instead: the share price is ₹373, the price is in a confirmed uptrend 14 weeks in. Its P/BV of 3.0× sits at the 46th percentile of its own 11-year range. — as of 11 September 2026.

Who owns Monarch Networth Capital Ltd?

Promoters hold 53.8% of Monarch Networth Capital Ltd, foreign institutions 2.8%, domestic institutions 0.1% and the public 43.2% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 2.6 points over 8 quarters. — as of 11 September 2026.

Where is Monarch Networth Capital Ltd in its business cycle?

Monarch Networth Capital Ltd's FY26 net margin was 48.7%, against a 13-year band of −4.8%–48.7%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 49.5%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Monarch Networth Capital Ltd's price assume?

At its price on 27 August 2026, Monarch Networth Capital Ltd was priced for profit growth of about 8.0% a year. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Monarch Networth Capital Ltd story?

Biggest watch item: the net margin is the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on the net margin holding. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Monarch Networth Capital Ltd a stock worth studying right now?

This is not investment advice. The machine read: Monarch Networth Capital Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI