Monarch Networth Capital Limited (MNCL) is an India-based financial services provider primarily engaged in share and stock broking, merchant banking, and mutual fund distribution. The company is a strategic amalgamation of two financial service providers: Monarch Group of Companies and Networth Stock Broking Ltd.
Originally formed as "Networth Finance Limited" on December 2, 1993, the company later changed its name to Networth Stock Broking Limited on September 30, 1997, and subsequently to Monarch Networth Capital Limited on October 13, 2015. Vaibhav J. Shah is the founder promoter of the Monarch Group.
With over two decades of experience in devising and executing financial products and strategies, MNCL has emerged as one of the leading and reliable financial services providers in India. As of recent data, the company operates through 57 branches and 958 sub-brokers. MNCL holds memberships with NSE, BSE, MSEI, CDSL, NSDL, and SEBI, allowing it to provide a broad spectrum of capital market services.
Monarch Networth Capital Limited operates through a comprehensive business model spanning multiple financial services segments:
- Broking and Others: Includes broking, financial products distribution, merchant banking, and related services.
- Non-Banking Financial Business: Engages in NBFC activities.
- Insurance Business: Offers various insurance products.
The company's stock broking services encompass brokerage, demat services, margin funding, primary market operations (IPO), and comprehensive financial planning. Its diversified service portfolio includes:
- Equity and Derivatives
- Commodities and Currency Derivatives
- Initial Public Offerings (IPOs)
- Alternative Investment Funds (AIFs)
- Mutual Funds, Bonds, and Fixed Deposits
- Life and General Insurance
MNCL also provides corporate advisory services and was approved by SEBI as a Category-I Merchant Banker in 1995-1996. The company operates on the main board and SME platform of BSE/NSE, facilitates private equity/venture capital funding/angel investing/QIBs, and assists in equity raising through private placements. It also develops specialized software on Indian capital markets for its clientele.
Monarch Networth Capital Ltd has demonstrated a mixed financial performance in Q3 FY2024-2025.
- Revenue: The company's revenue for Q3 FY2024-2025 was ₹76.71 crores, marking a 7.5% decrease compared to the same period last year. Quarter-on-quarter, revenue fell by 26.59% from the previous quarter.
- Net Profit: Despite the revenue decline, the company maintained profitability, with net profit jumping 5.06% year-on-year to ₹40.51 crores in Q3 FY2024-2025. However, on a quarterly basis, net profit decreased by 7.89%.
- Net Profit Margin: Profitability metrics showed improvement, with the net profit margin increasing by 13.58% year-on-year to 52.81% in Q3 FY2024-2025. Quarter-on-quarter, net profit margins saw a significant jump of 25.48%.
- Revenue: ₹76.71 crores (down 7.5% YoY)
- Net Profit: ₹40.51 crores (up 5.06% YoY)
- Net Profit Margin: 52.81% (up 13.58% YoY)
- Earnings Per Share (EPS): ₹5.16
As of July 2025, Monarch Networth Capital Ltd has a market capitalization of ₹2,379.72 crores.
- 52-week High: ₹499
- 52-week Low: ₹226.65
- PE Ratio: 16.31 (as of Jun 18, 2025)
- PB Ratio: 0.33 (as of Jun 18, 2025)
The stock is actively traded on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the symbol MONARCH.
Monarch Networth Capital has been actively pursuing strategic developments and expansion initiatives:
- Subsidiary Incorporation: The company incorporated a new subsidiary, "Monarch Networth Capital IFSC Private Limited," on March 14, 2017.
- AIF Business Growth: The Alternative Investment Fund (AIF) business launched its second long-only equity scheme, "MNCL Capital Compounder Fund - I," achieving an Asset Under Management (AUM) of ₹252 crores in August 2022.
- Regulatory Milestone: Monarch Networth Capital IFSC, a subsidiary, recently received a Registered Fund Management Entity (Retail) license from IFSCA. This license significantly expands its fund management activities, including the ability to launch retail investment schemes and manage public offerings of REITs and InvITs, positioning Monarch among a select group of financial institutions in India.
- Chairman: Manju Bafna
- Managing Director: Vaibhav Shah
- Promoter Holding: Promoters of Monarch Networth Capital Ltd have pledged 1.55% of the total equity as of March 2025.
- Key Subsidiaries: Monarch Networth Finserve Pvt Ltd and Monarch Networth Capital IFSC Private Limited.
In 2023-24, the company underwent a structural change by selling its entire stake in Monarch Networth Money Changer Private Limited to Premjayanti Enterprises Private Limited, resulting in the latter ceasing to be a subsidiary.
Monarch Networth Capital Ltd operates within the dynamic Indian financial services sector, which benefits from increasing capital markets participation and investor awareness. The company has delivered a return of 24.28% over the last three years. In the past year, the share price has increased by 17.56%, although it experienced a 27.04% decrease over the last six months.
With its diversified service portfolio, established market presence, and recent regulatory approvals for fund management activities, Monarch Networth Capital is strategically positioned to capitalize on the expanding Indian financial services market. The company continues to focus on providing comprehensive financial solutions to its diverse clientele, making it a noteworthy player in the Indian capital markets landscape.
