Monarch Surveyors and Engineering Consultants Limited

Monarch Surveyors and Engineering Consultants Limited

BBSE:MSECL
233.30
INR
-9.40
(-3.87%)
2.38BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
30.68
50.63
98.54
148.12
121.28
- -
Basic EPS, GAAP
3.1
6.07
21.2
33.47
26.3
- -
Free Cash Flow per Basic Share
4.91
3.65
24.39
-12.01
-34.29
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
33.99
42.25
71.08
104.74
163.24
163.24
Tangible Book Value per Share
33.92
42.07
70.83
104.34
162.48
162.48
Basic Weighted Avg Shares
14
14
14
10
14
14
Sales/Revenue/Turnover
434
717
1,395
1,541
1,717
- -
Operating Margin (%)
14.06
16.89
31.25
30.62
27.49
- -
Depreciation Expense
10
11
24
39
38
- -
Net Income, GAAP
44
86
300
348
372
- -
Effective Tax Rate (%)
26.48
20.58
26.57
25.47
26.34
- -
Profit Margin (%)
10.1
11.98
21.51
22.6
21.69
- -
Working Capital
52
36
115
484
1,421
1,421
LT Debt
9
39
99
109
77
77
Total Equity
354
440
740
1,090
2,311
2,311
Return on Invested Capital (%)
- -
19.1
42.67
33.47
18.96
- -
Return on Capital (%)
- -
20.46
44.49
34.22
20.81
- -
Return on Common Equity (%)
- -
21.65
50.89
38.08
21.9
- -

Capital Structure

INR

•

in mil. unless spec.
Sep'26
Mar'26
ST Debt
18
47
LT Borrowings
115
77
LT Finance Leases
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
Shares Outstanding
14
14
Market Capitalization
3,073
2,377

Working Capital

INR

•

in mil. unless spec.
Sep'26
Mar'26
Total Current Assets
725
1,688
Cash, Cash Equivalents & STI
73
1,080
Accounts Receivable, Net
530
402
Inventories
- -
- -
Total Current Liabilities
241
267
Payables & Accruals
- -
- -
ST Debt
18
47
Deferred Revenue
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
112.03%
Free Cash Flow
- -
- -
288.46%
Net Income, GAAP
- -
- -
6.89%
Sales/Revenue/Turnover
- -
- -
11.39%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,395
2025
- -
- -
1,541
2026
- -
- -
1,717

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
21.2
2025
- -
- -
33.47
2026
- -
- -
26.3

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Dattatraya Mohaniraj Karpe
Full Time Employees
627
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Pune India
IPO Date
Jul 29, 2025
Business
Monarch Surveyors and Engineering Consultants Limited is an India-based infrastructure and civil engineering consultancy company that provides end-to-end technical survey, design, and project management services across the transportation, urban development, water resources, and energy sectors. The company's core service portfolio includes surveying and spatial data acquisition services, encompassing aerial LiDAR surveys, drone-based mapping, terrestrial topographic surveys, hydrographic and bathymetric surveys, and cadastral land surveys; geospatial and geographic information system (GIS) solutions, comprising GIS-based land administration, utility network mapping, spatial database development, and 3D digital twin modeling; engineering design and pre-construction consultancy, comprising Detailed Project Report (DPR) preparation, techno-economic feasibility studies, route alignment design, geotechnical investigations, hydrological modeling, structural design, and traffic engineering for highways, expressways, railways, metro rail systems, bridges, ports, and water pipelines; and project management consultancy (PMC), encompassing construction supervision, quality assurance, statutory land acquisition facilitation, forest and environmental clearances, and environmental and social impact assessments. The company serves public sector agencies, government ministries, and private infrastructure developers, maintaining key client engagements with the National Highways Authority of India (NHAI), Indian Railways, the Maharashtra State Road Development Corporation (MSRDC), and various municipal corporations across India, with operations active in more than 22 states and union territories. Founded in 1999 and headquartered in Pune, Maharashtra, India, the company originally operated as Monarch Surveyors and Contractors Private Limited before rebranding in 2008 and subsequently converting to a public limited entity in January 2024 under its current name. In recent corporate developments, the company completed its Initial Public Offering (IPO) and listed on the BSE SME platform in July 2025 under the ticker MSECL (Scrip Code: 544453), raising growth capital to fund capital expenditures for specialized aerial LiDAR systems and advanced surveying equipment, expand working capital capabilities, and support newly secured DPR and Final Location Survey contracts for multi-lane expressway and railway corridor expansions nationwide.