Monarch Surveyors and Engineering Consultants Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹347 Cr
- P/E
- 7.83
- ROE
- 21.89%
- PEG
- 0.12
- Price to sales
- 1.75
- Debt to equity
- 0.05
- 52W high / low
- ₹325 / ₹168
- EBITDA margin
- 28.42%
- Net profit margin
- 21.68%
- Promoter holding
- 72.35%
- Sales (last year)
- ₹199 Cr
Guidance scorecard · Q4 FY26 call
What Monarch Surveyors and Engineering Consultants's management guided
RevenueQ4 FY26 call
10–20%- The company expects revenue growth in FY27 to be better than FY26, supported by a healthy order book and sector tailwinds.
- Order inflows have grown by more than 25%-30%, but revenue growth depends on execution timelines which vary by project.
- The company is focusing on infrastructure projects like railways, roads, highways, expressways, high-speed rail, and geospatial projects expected to come in 3-4 years.
- Execution improvements and increased manpower are expected to accelerate order book conversion into revenue.
2 more points from Monarch Surveyors and Engineering Consultants's call on revenue
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MarginsQ4 FY26 call
FlatSee what Monarch Surveyors and Engineering Consultants said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company has planned capital expenditure funded partly by IPO proceeds with INR66.43 crores of unutilized funds intended for spending in the coming year.
- Machinery procurement has faced delays due to geopolitical reasons; some advances were paid in April that are reflected post-March financials.
- Investments include fixed deposits totaling INR86.82 crores (as of March 31), indicating prudent cash management.
- Acquisition of an Australian company is strategic and expected to be income accretive; details on EBITDA and profit margins from this acquisition will be shared in upcoming calls.
- The firm owns its LiDAR systems and drones, indicating investment in in-house technology and equipment.
2 more points from Monarch Surveyors and Engineering Consultants's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Monarch Surveyors and Engineering Consultants said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current outstanding order book is around INR 615 crores as of March 31, 2026.
- An additional landmark order of INR 130 crores was received post-FY26, making the total order book approximately INR 740-750 crores.
- Execution timeline for order book projects typically ranges from 1 to 3 years.
- The order book reflects cumulative orders without strict year-wise breakup; projects can span multiple years.
- About 3-4% of the order book comes from private contractors, with the rest primarily government projects.
- New acquisitions like GMR Engineering Services (Australia) are expected to add 8-10% to turnover and bring profitable business.
2 more points from Monarch Surveyors and Engineering Consultants's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Monarch Surveyors and Engineering Consultants announcements
All announcements →Financials of Monarch Surveyors and Engineering Consultants
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Monarch Surveyors and Engineering Consultants
Quarterly Results
Quarter-by-quarter operating performance
Financials of Monarch Surveyors and Engineering Consultants
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 43 | 72 | 139 | 154 | 172 |
| Expenses + | 38 | 60 | 97 | 103 | 121 |
| Operating Profit | 6 | 12 | 43 | 51 | 51 |
| OPM % | 13% | 16% | 31% | 33% | 30% |
| Other Income + | 2 | 1 | 2 | 2 | 5 |
| Interest | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 4 | 4 |
| Profit before tax | 6 | 11 | 41 | 47 | 51 |
| Tax % | 26% | 21% | 27% | 25% | 26% |
| Net Profit + | 4 | 9 | 30 | 35 | 37 |
| EPS in Rs | 5,104.65 | 9,988.37 | 34,895.35 | 33.47 | 26.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Monarch Surveyors and Engineering Consultants
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.09 | 0.09 | 0.09 | 10 | 14 |
| Reserves | 35 | 44 | 74 | 98 | 217 |
| Borrowings + | 2 | 8 | 13 | 14 | 12 |
| Other Liabilities + | 8 | 12 | 15 | 25 | 25 |
| Total Liabilities | 46 | 65 | 102 | 148 | 269 |
| Fixed Assets + | 7 | 16 | 31 | 42 | 49 |
| CWIP | 3 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 13 |
| Other Assets + | 35 | 49 | 71 | 106 | 207 |
| Total Assets | 46 | 65 | 102 | 148 | 269 |
Financials of Monarch Surveyors and Engineering Consultants
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 5 | 35 | 24 | -38 |
| Cash from Investing Activity + | -4 | -12 | -29 | -29 | -26 |
| Cash from Financing Activity + | -1 | 5 | 4 | -0 | 81 |
| Net Cash Flow | 2 | -1 | 9 | -5 | 18 |
| Free Cash Flow | 3 | -1 | 17 | 9 | -48 |
| CFO/OP | 148% | 65% | 105% | 70% | -50% |
Financials of Monarch Surveyors and Engineering Consultants
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 40 | 31 | 26 | 94 | 113 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 40 | 31 | 26 | 94 | 113 |
| Working Capital Days | 15 | 7 | 2 | 36 | 242 |
| ROCE % | 26% | 61% | 46% | 29% |
Guidance history
How Monarch Surveyors and Engineering Consultants's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.