The shares of this financial services company surged by 5 percent to an intraday high of Rs 553.70 per share after the board has decided to meet to consider the issue of bonus shares to the equity shareholders of the company.
Share price movement: With a market capitalization of Rs 1,867 crores, the shares of Monarch Networth Capital Limited closed at Rs 547.25 per piece. The shares of this company generated an overall return of 84 percent over the past year.
What happened: According to Monarch Networth Capital Limited’s exchange filings, the board of directions of the firm is planning to meet on Sunday, July 28th, 2024 to consider the issue of bonus shares to the equity shareholders of the company.
Additionally, the board is also planning to propose a fundraising by means of the preferential issue of equity shares or any other permissible mode that may be considered appropriate.
Financials: Examining the financials of Monarch Networth Capital Limited on a QoQ the revenues rose by 23 percent from Rs 68 crores in Q4FY24 to Rs 84 crores in Q1FY25. In the same time frame, the net profits increased from Rs 31 crores to Rs 40 crores, demonstrating a 30 percent increase.
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Services provided: Monarch Networth Capital Limited provides services in Equity and derivatives, commodities, currency derivatives, IPO, alternative investment funds, mutual funds, life insurance, general insurance, merchant banking, etc.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 35.60 percent and a return on capital employed (ROCE) of 50.50 percent.
Shareholding Pattern: As of June 2024 Monarch Networth Capital Limited’s shareholding pattern stood at 55.92 percent for promoters, 43.95 percent for the public and 0.13 percent for foreign institutional investors.
About the Company: Incorporated in the year 1993 and headquartered in Ahmedabad, Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance, and financial planning.
Written By Zahal
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