Monte Carlo Fashions Ltd. News and Updates

Name: Latest research reports of Monte Carlo Fashions Ltd. authored by Choice India and published by - Trendlyne research reports.
Item: Monte Carlo Fashions Ltd.
Rating: 1
Author: Choice India

Keep track of all breaking news on Monte Carlo Fashions Ltd. from all sources in a single place.

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Monte Carlo Fashions Ltd.

11 Aug 2017

666.05

-2.64%

Skoda opens bookings for Octavia RS, Rapid Monte Carlo in India; Kodiaq launch soon

Business Today

Octavia RS and Rapid Monte Carlo will be delivered to buyers in September, whereas the Kodiaq will be delivered in Q4 of 2017.

Monte Carlo Fashions Ltd. is trading above all available SMAs

Monte Carlo Fashions Ltd.

13 Jun 2017

666.05

-2.64%

Monte Carlo Fashions Ltd. Q4FY17 Update

Sell: Monte Carlo Fashions Ltd.

Choice India

Over the FY13-17 period Monte Carlo's revenue, EBITDA and PAT have grown at a CAGR of 9.6%, 2.3% and (3.6)% respectively. The EBITDA and PAT margins for the year are low mainly on account of a week Q3FY17 sales on account of demonitisation which accounts for over 60% of the annual revenue which led to the company offering tactical discounts during Q4FY17 to clear their inventory levels. The company is not looking to undertake any CAPEX activity over the next two years and would further look to reduce the number of inventory days. The management has provided a revenue growth guidance of 15-18% for FY18E on the back of a strong...

Monte Carlo Fashions Ltd. has gained 20.33% in the last 6 Months

Monte Carlo Fashions Ltd.

01 Dec 2016

666.05

-2.64%

Demonetisation to pour cold water on Monte Carlo Fashions during peak season

IBTimes India

The October-December quarter accounts for almost 55 percent of total revenues for Monte Carlo Fashions; demonetisation is bad news.

Monte Carlo Fashions Ltd. average weekly volume is high.

Monte Carlo Fashions Ltd.

01 Dec 2016

666.05

-2.64%

Company Outlook on Monte Carlo Fashions Ltd

Not Rated: Monte Carlo Fashions Ltd.

IDBI Capital

We interacted with the management of Monte Carlo Fashions Limited (MCFL) to understand its underlying fundamentals. MCFL (founded in 1984) is the largest winter wear brand in the ~$2.2bn woolen apparel domestic market, which is largely unorganized (~92%) with MCFL having a ~2-3% market share. The company's core namesake brand is synonymous with premium woolen wear, and it also has several other sub-brands to target other segments. The company has diversified into cotton (47% of sales), kids clothing (5%) and home furnishings (10%) (segments include winter themed apparel/items) to reduce dependence on the seasonal woolen wear segment. Structural Risks/Challenges: 1) Seasonal business model with ~55% of sales in December quarter; 2)...

Monte Carlo Fashions Ltd. average weekly volume is high.

Monte Carlo Fashions Ltd.

23 Aug 2016

666.05

-2.64%

Monte Carlo to venture into footwear segment

livemint

Monte Carlo Fashions will be sourcing and marketing the products through a third party and sell in multi-brand retail outlets

Monte Carlo Fashions Ltd. average weekly volume is high.

Monte Carlo Fashions Ltd.

18 Apr 2016

666.05

-2.64%

Monte Carlo Fashions to open 20 exclusive brand stores

Business Line

Branded apparel retailer for men, women and children, Monte Carlo Fashions is investing 15 to 20 crore to open 20 exclusive brand stores this fiscal. The BSE-listed Ludhiana headquartered company is ...

Monte Carlo Fashions Ltd. average weekly volume is high.

Monte Carlo Fashions Ltd.

24 Sep 2015

666.05

-2.64%

Monte Carlo Fashions Ltd: Winter is Coming & Cotton Diversification Round the Co... (Sep 24, 2015)

Buy: Monte Carlo Fashions Ltd.

Karvy

Increased focus on cotton and cotton-blended products in order to decrease dependence on seasonal products: Monte Carlo, an established and leading brand in the largely unorganised woollen apparel market of $2.3 Bn, grew at a CAGR of ~ 16% over FY12-15. With better product mix and diversified product range, the company's efforts to diversify from seasonal products to cotton and cotton blended products, on the back of strong distribution network, we expect the revenues to grow by 13% CAGR for FY15-FY17E.

Monte Carlo Fashions Ltd. has gained 20.33% in the last 6 Months

Is Monte Carlo Fashions Ltd. worth buying?

91 Votes:

Buy 79.12%

Sell 9.89%

Hold 10.99%

32.45% Fall from 52W High

High vol. this week

Monte Carlo Fashions Ltd. News and Updates

Keep track of all breaking news on Monte Carlo Fashions Ltd. from all sources in a single place.