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Monte Carlo Fashions: Results Update Dec-17 Quarter


Monte has given
great set of numbers for Dec-17 quarter. Top line 355 cr vs 290 cr. PBT at 73 cr from 53 cr but if
we exclude other income of last year then the same are 72 cr vs 44 cr. Great
show. So far in this year for 3 quarters it has given a Topline of 560 cr vs
490 cr and PBT (Excluding other income) at 91 cr Vs 60 cr which ,for me, shows
that its losses from summer-wear business are falling and it is growing fast.
Not to forget that for past one year it has weathered the shock of Demonetization
and GST otherwise the growth could have been even higher.
This is one
stock where market is failed to recognize the underlying strong business
strength and relatively very cheap valuations. Market is apprehensive of its
success in summer clothing business and wants to play the waiting game but in
my view due to its inherent distribution and marketing strength of very strong
(Best in India) winter wear business it will find success in summer business.
It doesn’t need to build its distribution and marketing from scratch for summer
business. Second, it has very strong balance sheet with nil debt, good
inventory and debtor management, good and consistent dividend policy (yield 2%)
which will grow in the future. So I think market has managed to somehow ignore
these factors and it is trading at cheaper valuation of 20 PE. Good buy at
present levels of 560.
(Views
are personal and should not be taken as a recommendation for buying or
selling a stock. Stock markets are inherently risky so kindly do your
Due Diligence before investing. I am not a certified Sebi Analyst and holding the stock discussed in this Post).

38 Comments

  1. Anonymous
    Reply
    February 12, 2018,

    Dear Sir,
    Kindly provide ur view on results of Lokesh Machines.

  2. Anonymous
    Reply
    February 12, 2018,

    Yes Dear working on it along with some other stocks. will update

  3. Anonymous
    Reply
    February 24, 2018,

    Sir any comment on Kiran Vyapar result??

  5. Anonymous
    Reply
    March 5, 2018,

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    March 5, 2018,

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  8. Anonymous
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    March 17, 2018,

    Hi, just wanted to tell you, I enjoyed this post. It was funny.

    Keep on posting!

  13. Anonymous
    Reply
    April 19, 2018,

    Merck divests global healthcare business to P&G; triggers open offer in India
    Procter &amp; Gamble (P&amp;G) has acquired the consumer health business of German pharmaceuticals company Merck KGaA (Merck) across 44 countries for about EUR3.4bn ($4.2bn). <a href="http://capitalstars.com/tracksheet-stock-tips/&quot; rel="nofollow">Stock Tips </a>

  15. Anonymous
    Reply
    May 1, 2018,

    Dear Sir,
    Nelco came up with excellent set of results. Also govt has given permission to wifi on Indian flights. How does this effect Nelco. Kindly provide ur input.

  16. Anonymous
    Reply
    May 1, 2018,

    Hi Dear, Results are great and as per expectations but i think future growth will be even faster as it has become lighter and focused after restructuring. Inflight connectivity is still a work in progress and needs to be watched keenly. But i feel for the time being Rural ATM&#39;s and connectivity will be the main growth driver. Further action over VSAT services for general population will happen after the launch of GSAT-11 which has been postponed by ISRO from May-18.

    Even BSNL is looking for lease agreement with Softbank backed Oneweb for Satellite internet in India to give tough competition to mobile players. I think Nelco will also create a place for itself.

  21. Anonymous
    Reply
    May 12, 2018,

    Dear Sir,
    Kindly provide your views on results of
    Abfrl and quick heal.
    Thanks
    Manoj

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    October 28, 2019,

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