---
title: "Monarch Surveyors and Engineering Consultants Ltd (544453) — Share Price, Financials & Analysis"
symbol: "544453"
company: "Monarch Surveyors and Engineering Consultants Ltd"
canonical: "https://tapetide.com/stocks/544453"
isin: "INE0V0L01028"
nse_symbol: "MONARCHSURVEYORSENGGCONSULTANTSLTD"
bse_code: "544453"
sector: "Commercial Services"
industry: "Consulting Services"
market_cap_cr: 421.87
generated_at: "2026-09-13T18:58:55.474Z"
---

# Monarch Surveyors and Engineering Consultants Ltd (544453)

Canonical page: https://tapetide.com/stocks/544453

## Company

- **NSE Symbol:** MONARCHSURVEYORSENGGCONSULTANTSLTD
- **BSE Code:** 544453
- **ISIN:** INE0V0L01028
- **Sector:** Commercial Services
- **Industry:** Consulting Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-07-29
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** monarchconsultants.in

## About

Incorporated in 1999, Monarch Surveyors and Contractors Ltd provides a wide range 
of Civil Engineering Consultancy services.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:45:20.226794Z.

- **Market Cap:** ₹421.87 Cr
- **Classification:** SME
- **P/E (reported):** 11.4
- **Book Value:** ₹163.24
- **Price to Book:** 1.84
- **Dividend Yield:** 0.53%
- **ROE:** 16.11%
- **ROCE:** 21.6%
- **Debt to Equity:** 0.05
- **Revenue (yearly):** ₹176.8 Cr
- **Net Income:** ₹37.2 Cr
- **EBITDA:** ₹56 Cr
- **52-Week High:** ₹331.05
- **52-Week Low:** ₹165
- **RSI (14):** 72.04

## Tapetide Score

- **Score:** 63 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 94.2 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 82.69 | 9% |
| growth | 53.37 | 9% |
| momentum | 98.9 | 12% |
| ownership | 44.11 | 24% |
| quality | 69.83 | 22% |
| valuation | 50.08 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%

### Weaknesses

- Debtor days have increased from 77.5 to 113 days.
- Working capital days have increased from 111 days to 242 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -209.33% | -643.17% |
| ebitda margin growth | -6.24% | 0.51% | 90.62% |
| net income growth | 6.9% | 63% | 745.45% |
| revenue growth | 13.55% | 34% | 31.36% |
| roce | -46.11% | -56.27% | 30.4% |
| roe | -49.67% | 29.56% | 29.92% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 51 | 116 | 73 | 100 |
| Expenses | 36 | 81 | 51 | 69 |
| Operating Profit | 15 | 35 | 22 | 30 |
| OPM % | 30 | 30 | 30 | 30 |
| Other Income | 1 | 1 | 2 | 3 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 1 |
| Profit before tax | 13 | 33 | 20 | 32 |
| Tax % | 26 | 18 | 29 | 24 |
| Net Profit | 10 | 27 | 14 | 24 |
| EPS in Rs | 9.26 | 25.9 | 10.1 | 17.13 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 5104.65 | 9988.37 | 34895.35 | 33.47 | 26.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.09 | 0.09 | 0.09 | 10 | 14 |
| Reserves | 35 | 44 | 74 | 99 | 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 | 2 | 13 |
| Other Assets | 35 | 49 | 71 | 104 | 207 |
| Total Assets | 46 | 65 | 102 | 148 | 269 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 5 | 35 | 3 | -38 |
| Cash from Investing Activity | -4 | -12 | -29 | -2 | -26 |
| Cash from Financing Activity | -1 | 5 | 4 | -1 | 81 |
| Net Cash Flow | 2 | -1 | 9 | 0 | 18 |
| Free Cash Flow | 3 | -1 | 17 | -12 | -48 |
| CFO/OP | 148 | 65 | 105 | 28 | -50 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 40 | 31 | 26 | 94 | 113 |
| Cash Conversion Cycle | 40 | 31 | 26 | 94 | 113 |
| Working Capital Days | 15 | 7 | 2 | 89 | 242 |
| ROCE % | — | 26 | 61 | 46 | 29 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 98.42% | 98.42% | 72.35% | 72.35% |
| FIIs | 0% | 0% | 2.52% | 0.37% |
| DIIs | 0% | 0% | 5.85% | 5.95% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 1.58% | 12.89% | 14.14% |
| Others | 1.58% | 0% | 6.38% | 7.18% |
| No. of Shareholders | 16 | 16 | 1589 | 1494 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 6 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 286.43 | Buy |
| EMA (10) | 285.23 | Buy |
| SMA (20) | 254.98 | Buy |
| EMA (20) | 266.62 | Buy |
| SMA (50) | 236.96 | Buy |
| EMA (50) | 240.43 | Buy |
| SMA (100) | 204.38 | Buy |
| EMA (100) | 210.65 | Buy |
| SMA (200) | 149.93 | Buy |
| EMA (200) | 172.1 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 65.86 | Neutral |
| MACD (12,26,9) | 21.24 | Buy |
| Stochastic (14,3,3) | 68.94 | Neutral |
| ADX (14) | 34.53 | Buy |
| Williams %R (14) | -37.82 | Neutral |
| ATR (14) | 13.42 | High Volatility |
| ROC (12) | 28.9 | Buy |
| Stoch RSI (14) | 35.38 | Neutral |
| UO (7,14,28) | 61.54 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edb06d2a-7b9f-4199-addc-7d7904bfbcca.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ce104cf-42ac-483c-9c9f-25ad2e48a870.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b335ce94-3c67-44ea-b0e6-1bbb2e5d0ad0.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb659c3f-cdab-46eb-8a4e-18f810f04b11.pdf) |
| 2026-08-22 | [Letter Containing The Web-Link And Path To Access The Annual Report Of The Company Pursuant To Regulation 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8391d91f-66a0-4633-ae5b-e95ff3d2969d.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=056859a5-6272-4215-adeb-00e1db443fd8.pdf) |
| 2026-08-21 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 21.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d8671bb-cc99-49fa-b7ce-4a49a94e76df.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f39e6f70-7dad-4a62-a0ea-b46c5edaee38.pdf) |
| 2026-08-21 | [Notice Annual General Meeting And Annual Report FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f681bc1-d111-478e-aaf6-a15e24d77657.pdf) |
| 2026-08-21 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=529a8ba5-0255-41d3-adc5-186fc1f36b5b.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-15 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c12e9d90-4dad-46a6-9910-9d94cd92dd1d.pdf) |
| 2025-11-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e0071af-50fc-4e94-862d-d3b237547165.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Mar - Received Rs.12,28,92,000 contract from Maharashtra Settlement Commissioner; 24-month completion. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Mar - Received Rs.12,28,92,000 contract from Maharashtra Settlement Commissioner; 24-month completion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5fa20e25-a95e-43c0-8448-e4e747c1c9fa.pdf) |
| 9 Mar - Received Rs.1,53,75,474 LOA from North Central Railway for pre/post-tamping surveys; completion in 24 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Mar - Received Rs.1,53,75,474 LOA from North Central Railway for pre/post-tamping surveys; completion in 24 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13060a02-3412-419b-8db5-7f4a22d3c9de.pdf) |
| 8h - Audio recording of May 11, 2026 earnings call on FY26 and H1 FY26 audited results available. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 8h - Audio recording of May 11, 2026 earnings call on FY26 and H1 FY26 audited results available.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2af3ca3-f770-45a0-9ec0-80ba21155aef.pdf) |
| 6 May - Board recommended 16% final dividend of Rs.1.60 per share for FY26; record date June 03, 2026. | [Corporate Action-Board approves Dividend 6 May - Board recommended 16% final dividend of Rs.1.60 per share for FY26; record date June 03, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/39dd7e2c-33c3-4842-90d1-d4d427bf45ea.pdf) |
| 6 May - Board recommended 16% final dividend of Rs.1.60 per share for FY2026; record date June 3, 2026. | [Announcement under Regulation 30 (LODR)-Dividend Updates 6 May - Board recommended 16% final dividend of Rs.1.60 per share for FY2026; record date June 3, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/94155568-c975-412a-ac39-a726d592adc6.pdf) |
| 6 May - Board recommended 16% final dividend of Rs. 1.60 per share; record date June 3, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 06, 2026 6 May - Board recommended 16% final dividend of Rs. 1.60 per share; record date June 3, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/95c47fb8-7712-4d7c-9d10-572d0b9829c4.pdf) |
| 4 Mar - Received ₹1.28 crore LOA from Western Railway for pre/post-tamping track measurement, 18-month project starting immediately. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 Mar - Received ₹1.28 crore LOA from Western Railway for pre/post-tamping track measurement, 18-month project starting immediately.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2bf0933c-3420-4808-8e22-a4fad458d12a.pdf) |
| 30 Apr - Board meeting on May 6, 2026 to consider FY25-26 dividend recommendation. | [Board Meeting Intimation for To Consider And Recommend Dividend For FY 2025-26 30 Apr - Board meeting on May 6, 2026 to consider FY25-26 dividend recommendation.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5bcd09eb-2653-42c8-bd54-ef61f4697677.pdf) |
| 3 Feb - Aseem Dhru re-designated Executive Vice-Chairman from 1 Apr 2026 to 31 Mar 2031; postal ballot for shareholder approval. | [Announcement under Regulation 30 (LODR)-Change in Directorate 3 Feb - Aseem Dhru re-designated Executive Vice-Chairman from 1 Apr 2026 to 31 Mar 2031; postal ballot for shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba7f3e8b-db3c-4f1b-8a66-d77d52369321.pdf) |
| 3 Feb - Aseem Dhru re-designated Executive Vice-Chairman from 1 Apr 2026 to 31 Mar 2031, five-year term, subject to shareholders' approval. | [Board Meeting Outcome for Outcome Of Board Meeting 3 Feb - Aseem Dhru re-designated Executive Vice-Chairman from 1 Apr 2026 to 31 Mar 2031, five-year term, subject to shareholders' approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/462b495d-f32d-49ff-b600-d87c9ba7a931.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2af3ca3-f770-45a0-9ec0-80ba21155aef.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a753e19-a9a8-40d1-bd60-291540f26b32.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23fbfaf2-b007-4a4e-99d5-7975fbc71121.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f84730b-4b16-460c-acd7-bf4591ac26bf.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=479af8c7-bdb8-40b1-b1f4-62aa0479cd4c.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/340d47a9-7ba4-4add-b734-cf3d95a736c7.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eaed14d4-7d94-4126-a2b6-541c64ae1d2b.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/479af8c7-bdb8-40b1-b1f4-62aa0479cd4c.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e0071af-50fc-4e94-862d-d3b237547165.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e370ba69-3c52-4c4e-bcca-18fcde035e37.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed2d5191-4ddd-4b4c-bdd2-7c24c200db71.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c12e9d90-4dad-46a6-9910-9d94cd92dd1d.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c12e9d90-4dad-46a6-9910-9d94cd92dd1d.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/23fbfaf2-b007-4a4e-99d5-7975fbc71121.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76ad82d7-d382-49ea-9413-b59538f9b527.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-04-29 | [Results - Financial Results For March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a5765535-2351-4e8d-85fd-765adde38bd4.pdf) |
| 2025-11-10 | [Results- Results Financials For 30/09/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a199610b-1fb8-4396-acad-fe98999c2fab.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d9c20c0-1f71-4407-b95e-75ff3841d002.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee598388-b84e-474a-95a3-958b964562d6.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:55.474Z.