|
Monte Carlo Fashions was launched in 1984 by Oswal Woolen Mills Ltd, the flagship company of Nahar group. It does in-house manufacturing of woolen knitted apparels and outsources manufacturing of cotton and cotton-blended apparels. It recently started in-house manufacturing of cotton t-shirts and thermals.
Monte Carlo is a well-known name in fashion. The products offered under brand Monte Carlo, apart from Woolen knitted garments, include T-Shirts, Shirts, Linen Shirts, Denim, Trousers, Dresses, Shorts, Tunics, Sportswear & much more for men, women and children (8-14 years age group).
Monte Carlo is recognized as ‘Superbrand' for woolen knitted apparels by Consumer SuperbrandsIndia since 2004. Under the umbrella brand of ‘Monte Carlo', the company has a comprehensive product portfolio across woolen, cotton & cotton blended, home furnishing and kids segments
It has various sub-brands under the Umbrella Brand ‘Monte Carlo'. These are:
‘Platine' -premium range for menswear & ‘Cloak and Decker' -economy range for menswear
‘Denim' -exclusive range for denim apparels
‘Alpha' -exclusive range for womenswear & ‘Tweens' -exclusive range for kidswear
‘ROCK IT' –Premium range for sportswear
The company's products reach the end user through different channels i.e. through Exclusive Brand Outlets, Multi Brand Outlets. Currently Monte Carlo is available through more than 200 Exclusive Brand Outlets & over 1300 Multi Brand Outlets.
March 2018 quarter results
For the quarter ended March 2018, it registered a 6% fall in sales to Rs 86.30 crore. OPM fell 440 basis points to -15.4% which saw loss at OP level grow 30% to Rs 13.31 crore. Other income grew 42% to Rs 8.02 crore and interest cost fell 16% to Rs 1.61 crore.
As depreciation fell 19% to Rs 5.09 crore, loss at PBT level fell 6% to Rs 11.99 crore.
Tax write back fell 41% to Rs 3.15 crore, after which loss at PAT level grew 19% to Rs 8.84 crore.
FY 2018 results
For FY 2018, it registered a 12% rise in sales to Rs 645.960 crore. OPM improved 230 basis points to 15.6% which saw OP rise 31% to Rs 100.86 crore. Other income fell 26% to Rs 17.68 crore and interest cost fell 34% to Rs 7.72 crore.
As depreciation went down 15% to Rs 20.96 crore, PBT grew 39% to Rs 89.86 crore.
Tax grew 47% to Rs 30.14 crore, after which PAT grew 35% to Rs 59.72 crore.
Valuation
The Board of Directors have recommended a fmal dividend of 120% i.e Rs 12 per equity share of Rs 10 each.
The stock trades at Rs 532.
|