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Monte Carlo Fashions Limited (MONTECARLO) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹11.7B

MC Monte Carlo Fashions Limited MONTECARLO · NSE
Price₹544.05
Fair Value₹918.67
Upside+68.9%
Quality55/100
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Healthy Growth
Thin margins · 8.8% net margin
Low debt · generates free cash flow
3.56% dividend yield
Ranks above peers (11/14)
Narrow moat 39/100
Evidence: High Range ₹508.64 – ₹1,366 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 5 days ago

Share price +1.2% over the past month.

A solid business, screening 69% undervalued on our models.

What matters now

  • The model range is unusually wide (₹508.64 to ₹1,366). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹923.81 ₹193.37 Fair Value ₹918.67 Apr 2021 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

60‑month range ₹193.37 – ₹923.81 · fair‑value band ₹508.64 – ₹1,366 · the ₹544.05 price screens below the ₹918.67 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

Monte Carlo Fashions Limited (MONTECARLO) currently trades at ₹544.05, while our model-based Fair Value estimate is ₹918.67, implying the stock looks roughly 68.9% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Monte Carlo Fashions Limited generated revenue of ₹12.8B at a net margin of 8.8%. Revenue grew 36.1% year over year. It earns a return on equity of 12.9%. Net debt stands at ₹5.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹508.64 (bear case) to ₹1,366 (bull case); at ₹544.05, 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 37% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 27% fair-value upside, at 69%, MONTECARLO screens cheaper 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 ₹373.55 ₹624.12 ₹1,033 80
Residual Income ₹408.95 ₹489.18 ₹1,003 76
Rev-Margin DCF ₹461.27 ₹804.81 ₹1,229 74
All 26 models by family
DCF Models
FCF DCF ₹372.74 ₹635.90 ₹1,072 38
Owner Earnings ₹828.42 ₹1,414 ₹2,385 31
5Y Revenue Exit ₹461.27 ₹813.70 ₹1,286 39
5Y EBITDA Exit ₹724.40 ₹1,337 ₹2,092 41
5Y P/E Exit ₹666.90 ₹1,222 ₹1,843 38
10Y Revenue Exit ₹410.29 ₹731.54 ₹1,208 36
10Y EBITDA Exit ₹599.08 ₹1,107 ₹1,860 37
10Y P/E Exit ₹561.53 ₹1,025 ₹1,658 35
Earnings-Based
Graham-Dodd ₹367.55 ₹1,489 ₹2,027 54
Lynch FV ₹372.31 ₹531.87 ₹691.43 50
PEG = 1.0 ₹372.31 ₹531.87 ₹691.43 46
EPV ₹582.34 ₹679.18 ₹763.91 59
Dividend Discount
Gordon GGM ₹183.62 ₹381.78 ₹605.65 70
DDM Multi-Stage ₹183.62 ₹321.93 ₹400.69 61
Multiples
P/E Multiple ₹891.85 ₹1,189 ₹1,486 63
P/S Multiple ₹553.89 ₹738.51 ₹923.14 58
P/B Multiple ₹689.16 ₹918.88 ₹1,149 55
EV/EBIT ₹1,054 ₹1,404 ₹1,755 53
EV/EBITDA ₹987.66 ₹1,316 ₹1,645 54
EV/Revenue ₹518.28 ₹739.84 ₹961.39 43
Asset-Based
NCAV (Graham) ₹218.47 ₹292.75 ₹436.94 50
Growth DCF
Growth DCF ₹373.55 ₹624.12 ₹1,033 80
Rev-Margin DCF ₹461.27 ₹804.81 ₹1,229 74
Economic Profit
Residual Income ₹408.95 ₹489.18 ₹1,003 76
ROIC Compounder ₹632.40 ₹845.12 ₹1,131 72
Growth Earnings
Growth-Adj P/E ₹666.54 ₹952.21 ₹1,238 68

Widest divergence: DCF Models (₹1,025) versus Asset-Based (₹292.75). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹12.8B
Revenue growth (YoY) +36.1%
Net margin 8.8%
Return on equity 12.9%
Free cash flow ₹627M FY2026
P/E ratio 10.1
More key figures
Operating margin 3.1%
EPS (TTM) ₹54.05
Dividend yield 3.6%
EPS growth (YoY) +10.6%
Net debt ₹5.8B FY2026

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 45

Profitability 45
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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

Monte Carlo Fashions Limited manufactures and trades in woolen, cotton, cotton-blended, knitted, and woven garments for men, women, and kids in India and internationally.

Full company description

Monte Carlo Fashions Limited manufactures and trades in woolen, cotton, cotton-blended, knitted, and woven garments for men, women, and kids in India and internationally. The company offers shirts, T-shirts, linen shirts, denims, trousers, jeans, suits, jackets, coats, mufflers, mink blankets, bedsheets, towels, and footwear; sports and fitness wear; bermudas, lowers, high-street fashion shirts, tops, dresses, jumpsuits, urban tunics, shrugs, shorts, capris, narrow pants, leggings, and track suits; and accessories, including ties, belts, and socks. It also offers home furnishings. The company provides its products under the Monte Carlo, Luxuria, Denim, Alpha, Tweens, Cloak & Decker, Monte Carlo Home, and Rock.it brands. It sells its products through exclusive brand outlets, multi brand outlets, national chain stores, shop-in-shop stores, distributors, and retail chains, as well as through e-commerce portals. Monte Carlo Fashions Limited was founded in 1984 and is based in Ludhiana, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Monte Carlo Fashions Limited reported revenue of ₹12.8B in FY2026 versus ₹9.0B in FY2022, a compound +9.0%/yr. Reported net income was ₹1.1B in FY2026, compounding −0.4%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹12.8B
Latest YoY
+15.9%
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.
+4.5%
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.
+15.5%
Avg. growth/yr (14Y) 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.
+9.4%
Revenue +9.0%/yr
FY22 ₹9.0B
FY23 ₹11.2B
FY24 ₹10.6B
FY25 ₹11.0B
FY26 ₹12.8B
Net income −0.4%/yr
FY22 ₹1.1B
FY23 ₹1.3B
FY24 ₹599M
FY25 ₹812M
FY26 ₹1.1B
Character of growth · EPS growth decomposed (2015-2026) +5.7 % p.a.
Revenue per share +8.1 pp

of which total revenue +7.5 pp · buybacks/dilution +0.6 pp

EBIT margin −2.2 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −1.4 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).

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Cite: Fair Value Calculator (2026). "Monte Carlo Fashions Limited Fair Value". https://www.fairvalue-calculator.com/stock/MONTECARLO

Peer Group

Apparel Manufacturing · 210 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 55 · Above median
Fair Value upside +69% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 36% · Top 25%
Dividend yield (TTM) 3.6% · Above median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 1.29× · Pricier than median
P/S (TTM) 0.92× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 5.1× · 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 100 · sector 25
FUTURE 100 · sector 4
PAST 52 · sector 21
HEALTH 100 · sector 98
DIVIDEND 71 · sector 55

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.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Page Industries Limited PAGEIND ₹38,295 ₹12,395 -68%
Hla Group 600398 ¥6.07 ¥9.92 +63%
Youngone Corporation 111770 85,200 KRW 188,736 KRW +122%
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Wiselink Co 8932 105.00 TWD 37.95 TWD -64%

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Frequently asked questions

Is Monte Carlo Fashions Limited (MONTECARLO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹918.67 versus a price of ₹544.05, about +69% (undervalued).
What is the fair value of MONTECARLO?
Our model-based fair value for Monte Carlo Fashions Limited is ₹918.67 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹544.05.
What is the quality score of MONTECARLO?
Monte Carlo Fashions Limited has a Quality Score of 55/100. 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 Monte Carlo Fashions Limited (MONTECARLO)?
Monte Carlo Fashions Limited reported trailing-twelve-month revenue of about ₹12.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MONTECARLO?
The net profit margin of Monte Carlo Fashions Limited is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.
Does Monte Carlo Fashions Limited pay a dividend?
Monte Carlo Fashions Limited currently shows a dividend yield of about 3.56% 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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