As an Authorized Partner, I proudly reflect on a remarkable 15+ years of association with Monarch – a journey that has not only been long and prosperous but also deeply rewarding. Each passing day strengthens our bond, making it a flourishing partnership. What sets Monarch apart is the bedrock of trust they've meticulously built and sustained. Over the years, this trust has become the cornerstone of our relationship. I vividly recall a crucial instance when Monarch's unwavering support proved indispensable. The accessibility of individuals across all hierarchies, regardless of their designation, has transformed my professional connection with Monarch into something more profound – a genuine sense of family.
Beyond being a business alliance, Monarch has become an integral part of my success story. I wholeheartedly endorse Monarch to anyone seeking not just a business partner but a trustworthy ally committed to shared success. Joining hands with Monarch is not just a transaction; it's an investment in a thriving partnership and a sense of belonging that goes beyond business.
Amish Sanghvi (AP) Sub-broker
In my role as a business partner, I've been an integral part of the Monarch family for over 25 years. This company isn't just a business collaboration for me; it's an inseparable part of my journey, one that has been pivotal in my growth when no other means were available. Beyond the business metrics and profits, what truly sets Monarch apart is the invaluable relationship we've built over the years. It's this connection that I hold most dear, and everything else – success, growth, and prosperity – simply fell into place. I wholeheartedly recommend Monarch to anyone in search of a dependable business partner. Monarch not only contributes to your growth but also serves as a shield, steadfastly protecting you when you need it the most.
To aspiring business partners, my advice is to shift the focus from immediate profits to the foundation of trust with your customers. Monarch has shown me that customer-centricity is the key to flourishing in this industry. Embrace the journey with Monarch, and you'll find not just a business partner but a supportive ally in your pursuit of success.
Dimple Sheth Sub-broker
I want to express my gratitude to Monarch Ltd. for their exceptional role as our lead left banker in Exicom's recent IPO. Their unparalleled expertise and support helped us in creating Draft Red Herring Prospectus (DRHP), the Red Herring Prospectus (RHP), and determining the fair valuation of the entity and finally ensuring the success of our pre IPO round and public offering with a remarkable [50x] oversubscription on the base equity offering size. Monarch's adept handling of every aspect of the offering instilled confidence in investors and underscored their reputation as a trusted advisor in the financial industry. We look forward to continuing our partnership for future endeavours.
Anant Nahata Managing Director, Exicom Tele-systems Limited
I've had the privilege of being associated with Monarch Networth for the past 18 years, and the journey has been nothing short of fulfilling and rewarding. Monarch's leadership has been instrumental in my significant growth during this time. What sets Monarch apart is its exceptional problem-solving capabilities and robust relationship management traits, which have been pivotal in my professional development. The strength of Monarch lies not just in its services but in the enduring relationships it fosters. The ability to sustain these relationships over the long term is a key differentiator that sets Monarch apart from the rest. I confidently recommend this company to those who value commitment, dedication, and loyalty. For anyone seeking a partner in the BFSI space, particularly young professionals and aspiring entrepreneurs, Monarch stands out as the ideal choice.
In essence, Monarch has proven to be more than just a business collaboration; it's a journey of growth, support, and lasting relationships.
Viraj Sanghvi Sub-broker
I've been a part of MNCL for the past four years, and my connection with the company grows stronger with each passing day. One remarkable aspect of Monarch, among many others that I appreciate, is the accessibility of the leadership team. What's most noteworthy is their proactive approach in addressing any business-related challenges, regardless of their scale or nature. I started with minimal knowledge in financial investments without having basic know-how of as basic as how to operate a demat account. However, Monarch not only educated me but also handled everything with utmost professionalism. Additionally, I commend them for their unwavering commitment to transparency in our business dealings. The team has been exceptionally skilled in managing my account and has consistently supported my professional growth by imparting valuable knowledge and insights at every juncture of my journey.
Abhishek Mehta Founder – Mettle Advertising
I have experienced a financial journey like never before with MNCL. Investing with them is not just about numbers; it's about creating wealth with emotions, a unique approach that sets them apart from any other funds in the market. What truly distinguishes MNCL is their unparalleled commitment – they treat their customers' money with a level of care and consideration that goes beyond the norm, making it feel as if it's more than just an investment. The astonishing returns I've witnessed can only be attributed to MNCL's profound understanding of companies, market sentiments, and the exceptional expertise of their highly knowledgeable teams. At the helm of this remarkable journey is Mr. Gaurav Bhandari- CEO, a true leader whose vision and guidance have been instrumental in shaping MNCL's success. His leadership style is not just about numbers and profits; it's about fostering a culture that prioritizes both financial prosperity and emotional satisfaction.
In my financial endeavors, MNCL has been more than a wealth management partner; they've been custodians of trust, transparency, and prosperity. I am genuinely grateful for the invaluable insights, unwavering support, and the wealth of emotions MNCL has brought to my investment journey.
Manoj Kakkar Executive Director – Sales & Marketing, KEI Industries Limited.
What captured our attention
While the gems and jewellery space was going through its own set of challenges (in the backdrop of fall out of major jewellery players) we looked into Goldiam Int. given its technology expertise and product offering (lab-grown diamonds), the client market (100% export), superior balance sheet with net cash position, history of dividend payouts and buy-backs. Aspects like superior board, management too held meaningful importance.
Valuation Discrepancy Insights
At a market cap of ~Rs 12bn at time of initiation, Goldiam International was under-researched and under-valued given its growth potential and the promising US market opportunity.
Monarch Networth's Value-Added Contribution
Being the first one to cover the stock, we were able to market the story in a more effective and timely manner. Our comprehensive report including periodic channel checks / study of competitors provided comfort to our investors. Since our coverage initiation, the company's stock price has turned 2.7x, a testament to our insights and ability to pick up stocks at right time.
What captured our attention
Revenge travel was gaining prominence post the COVID pandemic. With tourism having hit the bottom, we were confident that Wonderla Holidays will gain momentum as economy opens and themes like amusement / water park play through. We choose Wonderla Holidays given its industry leading margins, debt-free balance sheet, ability to generate cash flows, EBIDTA/OCF conversion and management pedigree.
Valuation Discrepancy Insights
Wonderla Holidays was grossly undervalued given its existence capacity, new initiatives towards enhancing its visibility and upcoming parks.
Monarch Networth's Value-Added Contribution
We were amongst the early one’s to initiate coverage on the stock in Feb-2023. We marketed the stock very aggressively to funds that saw the DII holding increase by more than 5% in a very short time. Market participants started accepting our thesis. Since our coverage initiation, the company's stock price has generated 1.5x, a testament to our insights and support.
What captured our attention
We liked FIEM due to its strong technology expertise and complete backward integration leading to best in industry margins along with an expanding client base in EV. Additionally, FIEM’s continuous drive for business expansion especially on the 4W lighting business bolstered our conviction.
Valuation Discrepancy Insights
FIEM was undervalued in comparison to its business expansion plans, thereby driving our re-rating thesis.
Monarch Networth's Value-Added Contribution
We take extreme pride in being the first and sole broker to initiate coverage on FIEM Industries. Our detailed and insightful report offered a compelling investment thesis, while providing clients a detailed perspective of the management and the company. Since initiating the coverage for FIEM, It’s stock price has sky-rocketed 2.5x, a clear testament to the value of our insights and the support we provide. With in-depth analysis and regular updates, we have become the go-to resource for our clients, ensuring they are always informed and empowered to make the right decisions.
What captured our attention
Alembic Pharma emerged as a standout with the nation's highest R&D investment in the pharmaceutical sector. Their robust product pipeline drove an impressive 40% year-on-year expansion in the US market from FY15-20. Additionally, substantial investments in complex generics (INR30bn) reinforced its dominant market position.
Valuation Discrepancy Insights
At the outset, the company traded at a modest 13x PE (FY22E) compared to peers at over 18x. The consensus failed to grasp the potential of US supply shortages and the impact of increased capital expenditure.
Monarch Networth's Value-Added Contribution
We distinguish ourselves as one of the select brokers covering Alembic Pharma. Our clients benefitted from privileged access to senior management, facilitating informed investment decisions.
What captured our attention
Their dedication to self-reliance and their impressive international clientele, including BMW, Volkswagen, and Mercedes, showcased a shared commitment to excellence and innovation, making them a compelling partner for Monarch Networth Capital Limited.
Valuation Discrepancy Insights
We initiated coverage on the stock when it was trading at throw away valuations of 9.9x forward PE (FY22E) compared to its peers at 15x+. Market participants grossly missed out on the export opportunity in the PVC space given its niche product offerings and the long-standing relationships with various OEMs.
Monarch Networth's Value-Added Contribution
We distinguish ourselves as one of the only brokers covering Mayur Uniquoters. We analyzed its global peers, improved corporate visibility for our HNI / institutional investors, and created wealth for the stakeholders.
What captured our attention
Kirloskar Ferrous Industries stood out in the market, consistently surpassing its peers due to a solid mix of volume expansion and cost savings which can structurally improve its margins and provide multi-year growth prospects. All of this was largely pursued by internal accruals implying a strong balance sheet and solid cash flow generation.
Valuation Discrepancy Insights
Despite trading at single-digit multiples, Kirloskar Ferrous was poised for a significant increase in return ratios and reduction in commodity part of the business which in turn resulted in valuation re-rating.
Monarch Networth's Value-Added Contribution
We proudly led the way as the first and sole broker covering Kirloskar Ferrous Industries. Our comprehensive report offered fresh perspectives on business restructuring, future profitability and granted clients privileged access to senior management. Since our coverage initiation, the company's stock price has turned 4x, a testament to our insights and support.
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Name of the Company has changed from Networth Stock Broking Limited to Monarch Networth Capital Limited upon Certification of Incorporation received from Registrar of Companies, Mumbai vide certificate dated 13th October, 2015.
If you are not satisfied with the resolution provided, you can lodge your complaint online at: https://scores.sebi.gov.in/link
In case of grievance client can log on to the SMART ODR Portal, if they are unsatisfied with the response provided by us. Your attention is drawn to the SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023, on “Online Resolution of Disputes in the Indian Securities Market”.
Purchase of REs only gives buyer the right to participate in the ongoing Rights Issue of the concerned company by making an application with requisite application money or renounce the REs before the issue closes. REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue closing date shall lapse and shall be extinguished after the Issue closing date. Please check your dp account for further details.
Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Email for Grievance: grievances@mnclgroup.com
Investors are requested to note that Stock broker (Monarch Networth Capital Ltd) is permitted to receive money from investors through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker (Monarch Networth Capital Ltd) is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only (Click to View) for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker".
Mechanism for addressing grievances and information about SCORES.
Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
Listing of Equity Shares on Stock Exchange at
BSE
NSE
(Formerly known as Link Intime India Private Limited)
‘Investments in securities market are subject to market risks, read all the related documents carefully before investing.’
Sr.no | Particulars | Remarks |
---|---|---|
1 | Name Of Compliance Officer | Nikhil Bhupendrakumar Parikh |
2 | Educational qualification | BSc hons (Phy) , CNE , CNA , MBA |
3 | Past Experience | 16 Years before joining Monarch on 06/04/2017 |
4 | Certification (NISM-Series-III A) | Provided |
5 | Date of Expiry of Certificate | 10-04-2026 |
6 | Date of Renewal of Certificate | 28-03-2023 |
7 | Half-yearly trainings Provided or Not | Yes |
8 | Date of Appointment | 15-05-2017 |
9 | Approval from BOD/Partners for Appointment | 28-04-2017 |
10 | Last date of previous compliance officer | 14-05-2017 |
11 | Duration for which office was vacant | None |
12 | Intimation of change to Exchange Sent or not | Yes |
13 | List of Allotted Trading Terminals - For Compliance Officer & its Team | None |