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Monarch Networth Capital Limited (MONARCH) Fair Value & Analysis

Financial Services · IN · Market cap ₹27.6B

MN Monarch Networth Capital Limited MONARCH · NSE
Price₹389.05
Fair Value₹297.01
Upside-23.7%
Quality68/100
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Healthy Growth
Highly profitable · 49.4% net margin
Low debt · generates free cash flow
0.29% dividend yield
Ranks above peers (9/14)
Wide moat 90/100
Evidence: High Range ₹222.76 – ₹715.44 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price +7.9% over the past month.

A solid business, but screening 24% overvalued on our models.

What matters now

  • The model range is unusually wide (₹222.76 to ₹715.44). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹477.51 ₹70.14 Fair Value ₹297.01 Jan 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

55‑month range ₹70.14 – ₹477.51 · fair‑value band ₹222.76 – ₹715.44 · the ₹389.05 price screens above the ₹297.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Monarch Networth Capital Limited (MONARCH) currently trades at ₹389.05, while our model-based Fair Value estimate is ₹297.01, implying the stock looks roughly 23.7% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Monarch Networth Capital Limited generated revenue of ₹3.7B at a net margin of 49.4%. Revenue grew 58.2% year over year. It earns a return on equity of 20.5%. The balance sheet holds a net cash position of ₹6.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹222.76 (bear case) to ₹715.44 (bull case); at ₹389.05, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -22% fair-value upside, at -24%, MONARCH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹266.57 ₹459.73 ₹781.13 80
Residual Income ₹154.69 ₹217.97 ₹1,100 76
Rev-Margin DCF ₹188.74 ₹261.99 ₹366.17 74
All 13 models by family
DCF Models
Owner Earnings ₹421.16 ₹794.01 ₹1,531 31
5Y P/E Exit ₹291.88 ₹497.43 ₹752.48 38
10Y P/E Exit ₹285.05 ₹478.03 ₹790.57 35
Earnings-Based
Graham-Dodd ₹155.36 ₹964.60 ₹1,347 54
Lynch FV ₹277.31 ₹396.16 ₹515.01 50
Dividend Discount
Gordon GGM ₹9.18 ₹19.08 ₹30.27 70
DDM Multi-Stage ₹9.18 ₹16.09 ₹20.03 61
Multiples
P/E Multiple ₹222.76 ₹297.01 ₹371.26 63
P/B Multiple ₹128.61 ₹171.48 ₹214.35 55
Asset-Based
NCAV (Graham) ₹61.24 ₹82.06 ₹122.48 50
Growth DCF
Growth DCF ₹266.57 ₹459.73 ₹781.13 80
Rev-Margin DCF ₹188.74 ₹261.99 ₹366.17 74
Economic Profit
Residual Income ₹154.69 ₹217.97 ₹1,100 76

Widest divergence: DCF Models (₹497.43) versus Dividend Discount (₹16.09). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹3.7B
Revenue growth (YoY) +58.2%
Net margin 49.4%
Return on equity 20.5%
Free cash flow ₹1.0B FY2026
P/E ratio 17.0
More key figures
Operating margin 65.0%
EPS (TTM) ₹22.82
Dividend yield 0.3%
EPS growth (YoY) +84.1%
Net cash ₹6.7B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 73

Profitability 57
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Monarch Networth Capital Limited, together with its subsidiaries, provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

Full company description

Monarch Networth Capital Limited, together with its subsidiaries, provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India. The company operates three segments: Broking & other Finance Market Services; Non-Banking Finance Business; and Insurance Business. The company offers equity and derivatives, commodities, and currency derivatives; alternative investment funds; mutual funds; and bond and FD. It also provides initial public offering; life and general insurance; depository services; merchant banking services comprising capital/fund-raising and financial advisory services, including services for initial public offer/follow-on public offer/offer for sale/rights issue/takeover/ buyback on main board and SME platform of BSE/NSE; and private equity/venture capital funding/angel investing/QIps, as well as equity raising through private placements; and national pension systems. In addition, the company offers a robust trading platform equipped with advanced features such as heatmap watchlists, technical and fundamental indicators, and is accessible via the Google Play Store as well as the App Store. The company was formerly known as Networth Stock Broking Limited and changed its name to Monarch Networth Capital Limited in December 2015. Monarch Networth Capital Limited was founded in 1992 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Monarch Networth Capital Limited reported revenue of ₹3.7B in FY2026 versus ₹1.4B in FY2022, a compound +27.3%/yr. Reported net income was ₹1.8B in FY2026, compounding +35.3%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹3.7B
Latest YoY
+42.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+35.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.7%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Revenue +27.3%/yr
FY22 ₹1.4B
FY23 ₹1.5B
FY24 ₹2.4B
FY25 ₹2.6B
FY26 ₹3.7B
Net income +35.3%/yr
FY22 ₹541M
FY23 ₹430M
FY24 ₹1.2B
FY25 ₹1.5B
FY26 ₹1.8B
Character of growth · EPS growth decomposed (2015-2026) +35.2 % p.a.
Revenue per share +16.3 pp

of which total revenue +19.2 pp · buybacks/dilution −2.9 pp

EBIT margin +18.4 pp
Tax rate −0.8 pp
Residual (interest, one-offs) +1.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MONARCH screens 24% overvalued. Compare with Mirae Asset Securities Co →

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Cite: Fair Value Calculator (2026). "Monarch Networth Capital Limited Fair Value". https://www.fairvalue-calculator.com/stock/MONARCH

Peer Group

Capital Markets · 425 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside −24% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 49% · Top 25%
Operating margin (TTM) 65% · Top 25%
Revenue growth 58% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 17.0× · Pricier than median
P/B 2.84× · Pricier than 75% of peers
P/S (TTM) 7.53× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 8.2× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 2 · sector 15
FUTURE 100 · sector 96
PAST 82 · sector 31
HEALTH 99 · sector 93
DIVIDEND 6 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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SSI Securities Corporation SSI 25,300 VND 17,375 VND -31%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 294.30 ARS -6%
Daishin Securities Co 003540 26,950 KRW 48,790 KRW +81%
SK Securities Co 001515 4,285 KRW 1,395 KRW -67%

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Frequently asked questions

Is Monarch Networth Capital Limited (MONARCH) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹297.01 versus a price of ₹389.05, about −24% (overvalued).
What is the fair value of MONARCH?
Our model-based fair value for Monarch Networth Capital Limited is ₹297.01 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹389.05.
What is the quality score of MONARCH?
Monarch Networth Capital Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Monarch Networth Capital Limited (MONARCH)?
Monarch Networth Capital Limited reported trailing-twelve-month revenue of about ₹3.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MONARCH?
The net profit margin of Monarch Networth Capital Limited is about 49.4%, meaning it keeps roughly 49.4% of revenue as net income. Based on the latest reported figures.
Does Monarch Networth Capital Limited pay a dividend?
Monarch Networth Capital Limited currently shows a dividend yield of about 0.29% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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