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VIP Industries

VIP Industries

Consumer Durables
View Report
Vardhman Textiles

Vardhman Textiles

Consumer
View Report
Somany Home Innovations Ltd

Somany Home Innovations Ltd

Consumer
View Report
Safari Industries

Safari Industries

Consumer Durables
View Report
Mrs Bectors Food Specialities Ltd

Mrs Bectors Food Specialities Ltd

Consumer
View Report
Mayur Uniquoters

Mayur Uniquoters

Chemicals
View Report
LINC Ltd

LINC Ltd

FMCG
View Report
La Opala RG

La Opala RG

Consumer
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Ethos Ltd

Ethos Ltd

Retail
View Report
Easy Trip Planners Ltd

Easy Trip Planners Ltd

Consumer Services
View Report
CCL Products India Ltd.

CCL Products India Ltd.

Consumer
View Report
Carysil Ltd

Carysil Ltd

Consumer Durables
View Report
Borosil Ltd

Borosil Ltd

Consumer Durables
View Report

Our Initiating coverage universe

Quarterly Power Ideas Report

  • 2026-27
  • 2025-26
  • 2024-25
  • 2023-24
  • 2022-23

Q1FY27

Name of the company CMP TP Upside
Aditya Vision
481
610
27.0%
Mrs. Bectors Food
179
275
53.0%
Sambhv Steel
91
155
70.0%
Sri Lotus Developers
103
220
114.0%
SJS Enterprises
1,550
2,190
41.0%
Download Report

Q2FY27

Name of the company CMP TP Upside
Pricol Ltd
617
724
17.30%
Redington Ltd
274
340
24.10%
Sundram Fasteners
940
1060
12.80%
Travel Food Services
1324
1680
26.90%
Viyash Scientific
289
330
14.20%
Download Report

Q1FY26

Name of the company CMP TP Upside
Vesuvius India
4,564
5,740
26%
Sequent Scientific
130
275
115%
Saksoft
147
335
128%
Ritco Logistics
256
760
197%
Polyplex Corp
1,190
2,300
93%

Q2FY26

Name of the company CMP TP Upside
Aurionpro Solutions
1,440
2,020
40.3%
Netweb technologies
1,842
2,450
33.0%
Anup engineering
2,778
3,725
34.1%
Praj industries
509
630
23.8%
Clean science
1,462
1,560
6.7%

Q3FY25

Name of the company CMP TP Upside
KSB India
820
935
14%
Aurionpro Solutions
1,140
2,070
82%
Borosil Ltd
347
420
21%
Kirloskar Pneumatic
1,204
1,600
33%
Vesuvius India
512
585
15%

Q4FY26

Name of the company CMP TP Upside
Carysil
908
1140
26%
CRISIL
4,328
5,100
18%
Rashi Peripherals
361
505
40%
Scoda Tubes
163
240
47%
TD Power Systems
674
840
25%

Q1FY25

Name of the company CMP TP Upside
KSB Limited
3,830
4,165
8.7%
SW Solar Ltd
522
800
53.3%
Goldiam International
172
225
30.8%
Pricol Ltd
388
465
19.8%
Fiem Industries
1,138
1,450
27.4%

Q2FY25

Name of the company CMP TP Upside
Entero Healthcare
1,041
1,515
45.5%
Landmark Cars
729
985
35.1%
R Systems International
529
555
4.9%
Fiem Industries
1,290
1,580
22.5%
SJVN Ltd
131
135
3.1%

Q3FY25

Name of the company CMP TP Upside
ESAB India
6,179
7,470
20.9%
Godawari power & Ispat Ltd
1,111
1,240
11.6%
Krystal Integrated services
727
1,230
69.2%
R Systems
479
555
15.9%
SJS enterprises
1,005
1,190
18.4%
SW solar Ltd
617
750
21.6%

Q4FY25

Name of the company CMP TP Upside
Clean Science & Technology Ltd.
1,425
1,750
23%
ESAB India
5,908
7,470
26%
R Systems
466
555
19%
Rashi Peripherals
396
560
41%
Ritco Logistics
399
760
91%
polyplex Corp
1,293
2,464
91%

Q1FY24

Name of the company CMP TP Upside
Wonderla Holidays
428
550
28.5%
Equitas SFB
67
84
25.4%
Ratnamani metals & tubes
1,975
2,480
25.6%
LaOpala
339
570
68.1%
Safari Industries
2,049
2,620
27.9%
Fiem Industries
1,564
2,100
34.3%

Q2FY24

Name of the company CMP TP Upside
Timken India
3,411
3,950
15.8%
IFGL refractories
348
480
37.9%
Hindware home innovation
529
555
4.9%
Landmark cars
710
910
28.2%
CreditAcess Grameen
1,252
1,600
27.8%

Q3FY24

Name of the company CMP TP Upside
CanFin homes
764
1,000
30.9%
Kirloskar Ferrous Ind
480
560
16.7%
Kirloskar Pneumatic
660
800
21.2%
Landmark Cars
783
910
16.2%
Linc Ltd
769
990
28.7%
Triveni engineering
379
460
21.4%

Q4FY24

Name of the company CMP TP Upside
Fiem Industries
2,089
2,550
22.1%
Landmark cars
831
950
14.3%
Manappuram Finance
172
220
27.9%
SJVN Limited
91
125
37.4%
Venus pipes
1,401
1,710
22.1%
Wonderla Holidays
846
1,000
18.2%

Q3FY23

Name of the company CMP TP Upside
Sundaram Finance
2,263
2,480
9.6%
LaOpala
338
516
52.7%
Safari Industries
1,659
1,850
11.5%
Kirloskar Ferrous Ind
267
335
25.5%
Fiem Industries
1,449
1,690
16.6%

Q4FY23

Name of the company CMP TP Upside
Home First Finance
730
1,070
46.6%
Timken India
3,105
4,180
34.6%
Ethos Ltd
1,019
1,400
37.4%
VIP Industries
670
790
17.9%
Manappuram Finance
116
160
37.9%

Research Coverage

Explore our extensive research coverage by searching for specific sector’s company names, or
learn more about each company's profile. Dive into a wealth of information designed to guide
your investment decisions.

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Reasons to buy Thejo Engineering Ltd
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Reasons to Buy JNK India
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Reasons to buy S H Kelkar & Company Ltd
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Reasons to buy Ecos Mobility Ltd
Reasons to buy Aurionpro Solutions Ltd
Reasons to buy Aurionpro Solutions Ltd

Connect with Monarch Networth Capital Limited

For inquiries or assistance related to our financial services, feel free to reach out to our dedicated team.
We are committed to providing prompt and reliable support. You can write to us at reachus@mnclgroup.com
Your financial success is our priority, and we look forward to assisting you in your journey.

Ahmedabad Corporate Office:
Monarch House,
Opp. Prahladbhai Patel Garden,
Near Ishwar Bhuvan,
Commerce Six Road,
Navrangpura, Ahmedabad-380009
Mumbai Corporate Office :
Monarch Networth Capital Limited,
G Block, Laxmi Tower,
B Wing, 4th Floor,
Bandra Kurla Complex,
Bandra East, Mumbai – 400051.
Registered office :
Unit No. 803-804A,
8th Floor, X-Change Plaza,
Block No. 53, Zone 5,
Road-5E, Gift City,
Gandhinagar - 382050, Gujarat
Contact No. : +91-22-66476400 / 43211800 / 62021600

Reach Us

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Investor Announcements

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.

    • KYC is one time exercise while dealing in securities markets-once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), You need not undergo the same process again when you approach another intermediary.
    • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
    • Prevent Unauthorized Transactions in your demat account - > Update your Mobile Number with your Depository Participant. Receive alert on your Registered Mobile for All Debit and other important transactions. In your demat account directly from depository on the same day.
    • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
    • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
    • Pay 20% upfront margin of the transaction value to trade in cash market segment.
    • Investors may please refer to the Exchange’s Frequently Asked Questions (FAQ's) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
    • Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors

    If you are not satisfied with the resolution provided, you can lodge your complaint online at: https://scores.sebi.gov.in/link

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    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”.

    Download Pdf

  • 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

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    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.

    Contact Details

    Tel:079-26666500 / 6600500
    Email:helpdesk@mnclgroup.com
    Grievances:grievances@mnclgroup.com
    NPS Email ID:nps@mnclgroup.com
    Email ID:reachus@mnclgroup.com
    IPO:ipo@mnclgroup.com
    Compliance Officer:Nikhil Parikh (Click to view details)
    Compliance Email:compliance@mnclgroup.com
    Compliance Tel:+91-79-26666768

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: grievances@mnclgroup.com

    CLIENT BANK ACCOUNT DETAILS

    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".

    Registered Numbers

    SEBI Registration No:INZ000008037
    NSE Member ID:06386
    BSE: Member ID :197
    MCX: Member ID :10585
    Date of Admission:28/02/2004
    NCDEX: Member ID :00011
    Date of Admission:06/12/2003
    CDSL-DP ID:35000
    NSDL-DP ID:IN303052
    SEBI Reg (DP):IN-DP-278-2016
  • Complete name of entity registered with SEBI as Portfolio Manager:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    PMS Registration No.:INP000006059
    Corporate Identification No.:L64990GJ1993PLC120014
    Principal Place of Business:301-302, 3rd Floor, Arunachal Building, Barakhamba Road, New Delhi - 110001
    Registered Office Address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Corresponding SEBI regional/local office Address:8th floor, Plate B, Tower 1, NBCC Complex, East Kidwai Nagar, New Delhi – 110023

    Contact Details

    Principal Officer:Md Shaukat Ali
    Email:shaukat.ali@mnclgroup.com
    Contact No.:011-40851303
    Compliance Officer:Ms. Bhumika Gowda
    Email ID:pms.compliance@mnclgroup.com
    Contact No.:011-40851312

    Mechanism for addressing grievances and information about SCORES.

    Contacts for Investor Grievance

    pms.grievance@mnclgroup.com

  • Fund Name:Monarch AIF
    Category of AIF :Category III
    AIF Registration number :IN/AIF3/20-21/0787
    Registration Date :April 23, 2020
    Registered Office Address :Laxmi Tower, B Wing, 4th Floor, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400051

    Contact Details

    Fund Manager:Mr. Abhisar Jain
    Email :abhisar.jain@mnclgroup.com
    Phone :+91 22 66746425
    Compliance Officer:Ms. Bhumika Gowda
    Email :AIFcompliance@mnclgroup.com
    Phone :+91 22 66746424

    Gift City AIF Disclaimer

    Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.

  • Complete name of entity registered with SEBI as Merchant Banker:Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    MB Registration No.:INM000011013
    Corporate Identification Number:L64990GJ1993PLC120014
    Principal Place of Business:4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Registered office address:Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050

    Contact Details

    Compliance Officer:Mr.Jayesh Bhagwat
    Contact No.:(022) 66476400
    Email for Regulatory Communication:mbdcompliance@mnclgroup.com

    Mechanism for addressing grievances and information about SCORES.

    Contacts for Investor Grievance

    mbd@mnclgroup.com

  • Complete name of entity registered with SEBI as Research Analysts :Monarch Networth Capital Limited
    Type of Registration (Individual, Non-Individual):Non-Individual
    RA Registration No.:INH000000644
    BSE Enlistment No.:5039
    Corporate Identification Number: L64990GJ1993PLC120014

    Contact Details

    Registered office address: Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar, Gujarat, India, 382050
    Principal Place of Business: 4th FLoor, B Wing, Laxmi Tower, Bandra Kurla Complex, Bandra East, Mumbai-400051
    Principal Officer: Sahil Sanghvi
    Email address:sahil.sanghvi@mnclgroup.com
    Compliance Officer: Nikhil Parikh
    Email address:racompliance@mnclgroup.com
    Telephone no.: +91-79-26666768
    Contacts for Investor Grievance: ragrievance@mnclgroup.com
  • Complete name of entity registered with SEBI as Investment Adviser : Monarch Networth Investment Advisors Private Limited
    Type of Registration (Individual, Non-Individual) :Non-Individual
    IA Registration No.: INA000005721
    BSE Enlistment No.:2005
    Validity of registration : Perpetual
    Corporate Identification Number : U74140GJ2007PTC052348
    Registered office address : Monarch House, Nr. Ishwar Bhuwan Cross Road, Nr. Commerce Six Road, Navrangpura, AHMEDABAD, GUJARAT, 380009
    Corresponding SEBI Office address: SEBI Bhavan, Western Regional Office, Panchvati 1st Lane, Gulbai Tekra Road, Ahmedabad - 380006, Gujarat

    Contact Details

    Principal Officer : Arpan Dhirendra Shah
    Email address : Arpan.shah@mnclgroup.com
    Compliance Officer : Ankita Sudhir Madhwani
    Email address : iacompliance@mnclgroup.com
    Telephone no. : +91 22-66476405
    Registration granted by SEBI, enlistment of IA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

  • Monarch Networth Capital Limited

    AMFI Registered Mutual Fund Distributor

    ARN-8812

    AMC's Empanelled

  • Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014

    Company Secretary & Compliance Officer

    (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 : 022 - 66476400 / 66476405

    Monarch Networth Capital Limited

    Registered Address

    Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat

    Corporate Address

    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.

    For Broking and Demat Related Queries : +91-79-26666768

    Email: cs@mnclgroup.com

    Contact Details

    “Filing of complaints on SCORES – Easy & quick
    (Link is given in our useful link option on our website)

    • A. Register on SCORES portal
    • B. Mandatory details for filing complaints on SCORES:
      • I. Name, PAN, Address, Mobile Number, Email ID
    • C. Benefits
      • I. Effective communication
      • II. Speedy redressal of the grievances

    Email for Grievance: cs@mnclgroup.com

    Listing of Equity Shares on Stock Exchange at

    BSE

    Add :Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
    Scrip Id :Monarch Scrip Code : 511551

    NSE

    Add :Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051.
    Scrip Id :Monarch Scrip Code : MONARCH

    Demat ISIN Numbers in NSDL & CDSL for

    Equity Shares:INE903D01011

    REGISTRAR AND SHARE TRANSFER AGENT

    MUFG Intime India Private Limited

    (Formerly known as Link Intime India Private Limited)

    Add:C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
    Tel:(0) 810 811 6767
    Toll-free number:1800 1020 878
    Fax:022 - 4918 6060
    Email:Investor.helpdesk@in.mpms.mufg.com
    Website:in.mpms.mufg.com

    Escalation Matrix

    For any queries related to broking please contact helpdesk@mnclgroup.com.

Disclaimer

‘Investments in securities market are subject to market risks, read all the related documents carefully before investing.’

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