Monte Carlo - about monte carlo, Financials, valuation, technical chart

About Montecarlo

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.

Monte Carlo has pushed the envelope on high street 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 tweens (8-14 years age group). The main objective of the Company is to stand up to the buyers’ expectations with consistent quality backed with R&D divisions equipped with latest technology, a team of highly qualified technocrats and adhering to timely schedules.

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.

Financials

Sales of Monte Carlo increased 402cr to 504cr a growth of 25%.

Company has already done sales of 516cr in first 3 quarter and we are expecting that additional 90cr in 4th quarter.

Total sales of Monte Carlo is expected to reach 606cr a growth of 20% which is little less than expected.

EPS of company have increased from 20 in march 2013 to 25 in march 2014 a growth of 25%

EPS is expected to fall as the interest burden on the company has gone up.

Debt to equity is 0.31 which is good.

Valuation

Price to sales is 2.41

price to earning is 20 & industry PE is also 50
its trading way below industry value.

company has never given dividend which means that the company is using the funds to expand its business.

NEWS

company have started new shop in southern India and are expected to do well in coming years.

You may not see a big increase in price in near future but from long term perspective, you should not miss this share.

The share  price have increased by 20% in last 5 trading day. Technically also it is showing strong up movement.

Don't miss this opportunity to buy shares of this company.