Monarch Networth Capital FY26 PAT ₹181 Cr, 21.4% YoY Growth; FY27 AUM Target ₹3,000 Cr
Monarch Networth Capital reported FY26 consolidated PAT of ₹181.2 Crore, a 21.4% YoY growth, with revenue of ₹373 Crore, networth of ₹972 Crore, and ROE of 20.5%, continuing a 46% PAT CAGR since 2019. The Board also approved an ambitious FY27 strategic roadmap targeting ₹3,000 Crore in total AUM by March 2027, PMS AUM of ₹500 Crore by June 2026, a Pre-IPO fund with minimum ₹250 Crore AUM, and the launch of its first mutual fund scheme by September 2026.
*this image is generated using AI for illustrative purposes only.
Monarch Networth Capital has announced its audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, with the Board of Directors approving the results on May 15, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported consolidated revenue of ₹373 Crore and profit after tax (PAT) of ₹181.2 Crore for FY26, reflecting a 21.4% year-on-year growth over ₹149.3 Crore in FY25, with a networth of ₹972 Crore and return on equity (ROE) of 20.5%.
FY2026 Annual Highlights
The company's annual performance reflects sustained growth across key metrics since 2019. PAT has grown at a compound annual growth rate (CAGR) of 46% between 2019 and 2026, while networth has expanded at a CAGR of 43% over the same period. This marks the continuation of Monarch's growth trajectory, from a PAT of just ₹2 Crore in FY20 to ₹181.2 Crore in FY26. The diversified financial services platform — spanning retail broking, investment banking, institutional equities, AIF, PMS, and mutual funds — serves over 3 lakh clients across 40+ cities.
| Metric: | FY2026 |
|---|---|
| Revenue: | ₹373 Crore |
| PAT: | ₹181.2 Crore |
| PAT Growth YoY: | 21.4% |
| Networth: | ₹972 Crore |
| ROE: | 20.5% |
| Earnings Per Share (₹): | 22.91 |
| PAT CAGR (2019–2026): | 46% |
| Networth CAGR (2019–2026): | 43% |
Consolidated Financial Results
The following table presents the extract of consolidated audited financial results for the quarter and year ended March 31, 2026, compared with the quarter ended March 31, 2025 (₹ in Lakhs except EPS):
| Particulars: | Q4 FY26 (Consolidated) | FY26 Full Year (Consolidated) | Q4 FY25 (Consolidated) |
|---|---|---|---|
| Total Income from Operations (Net): | 9,952.70 | 37,327.63 | 6,181.88 |
| Net Profit before tax (before exceptional items): | 6,337.84 | 24,432.05 | 3,473.46 |
| Net Profit before tax (after exceptional items): | 6,337.84 | 24,431.87 | 3,470.45 |
| Net Profit after tax (after exceptional items): | 4,555.81 | 18,119.34 | 2,471.50 |
| Total Comprehensive Income: | 4,634.04 | 18,173.50 | 2,464.89 |
| Paid-up Equity Share Capital (₹10/- each): | 7,926.83 | 7,926.83 | 7,846.09 |
| Reserves (excl. revaluation reserves): | 89,213.78 | 89,213.78 | 71,832.97 |
| Basic EPS (₹): | 5.75 | 22.91 | 3.15 |
| Diluted EPS (₹): | 5.73 | 22.81 | 3.11 |
Standalone Financial Results
On a standalone basis, the company also demonstrated strong performance for the quarter and year ended March 31, 2026. The table below summarises the key standalone metrics (₹ in Lakhs except EPS):
| Particulars: | Q4 FY26 (Standalone) | FY26 Full Year (Standalone) | Q4 FY25 (Standalone) |
|---|---|---|---|
| Total Income from Operations (Net): | 9,952.12 | 36,925.01 | 6,220.68 |
| Net Profit before tax (before exceptional items): | 6,484.61 | 24,044.94 | 3,502.85 |
| Net Profit before tax (after exceptional items): | 6,484.61 | 24,044.76 | 3,499.82 |
| Net Profit after tax (after exceptional items): | 4,686.19 | 17,864.41 | 2,478.76 |
| Total Comprehensive Income: | 4,694.95 | 17,849.10 | 2,472.20 |
| Paid-up Equity Share Capital (₹10/- each): | 7,926.83 | 7,926.83 | 7,846.09 |
| Reserves (excl. revaluation reserves): | 86,123.24 | 86,123.24 | 69,066.83 |
| Basic EPS (₹): | 5.91 | 22.58 | 3.16 |
| Diluted EPS (₹): | 5.90 | 22.49 | 3.12 |
Strategic Roadmap for FY27
The Board of Directors, at its May 15, 2026 meeting, reviewed and approved an ambitious strategic roadmap for FY 2026-27. The company is targeting significant scale-up across its asset management and distribution verticals, with a total AUM target of ₹3,000 Crore by March 31, 2027. The ₹3,000 Crore AUM target across PMS, AIFs, and the Pre-IPO Fund represents a transformative scaling of Monarch's asset management business. Combined with the Mutual Fund launch, this positions Monarch Networth to transition from a transaction-led business model to a recurring, AUM-driven revenue model, aimed at enhancing the quality and predictability of earnings.
| Strategic Initiative: | Target / Timeline |
|---|---|
| PMS AUM Scale-Up: | ₹500 Crore by 30th June 2026 (from current ₹210 Crore — 138% growth) |
| Launch of Open-Ended AIF: | FY27 — New product vertical |
| Launch of Pre-IPO / PE Fund: | Minimum AUM of ₹250 Crore |
| Total AUM Target (All Verticals): | ₹3,000 Crore by 31st March 2027 |
| Mutual Fund Scheme Launch: | First scheme by 30th September 2026 |
The company's ability to cross-sell its asset management products to its existing retail client base provides a competitive advantage. This captive distribution moat, combined with a research-driven investment track record, gives Monarch Networth a differentiated edge in scaling its AUM business.
Management Commentary
Commenting on the results, Mr. Vaibhav Shah, Managing Director, Monarch Networth Capital Limited, said: "Despite what has been a challenging year for the overall capital markets, Monarch continues to deliver strong, broad-based growth across every business vertical. This is not a one-quarter phenomenon or a market-driven outcome, it is the result of years of disciplined execution, strategic investments in building new verticals, and an unwavering commitment to creating value for our clients."
Regulatory Compliance and Publication
Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the extract of the audited standalone and consolidated financial results was published on May 18, 2026 in the Financial Express (All India Editions, in English) and the Financial Express (Ahmedabad Edition, in Gujarati). The newspaper clippings of the Mumbai, Delhi, and Ahmedabad editions were submitted to the stock exchanges for their records. The full format of the financial results is available on the BSE, NSE, and the company's website.
Historical Stock Returns for Monarch Networth Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.09% | +7.47% | +5.09% | -0.47% | -1.00% | +300.93% |
How will Monarch Networth's planned mutual fund scheme launch by September 2026 compete against established AMCs in attracting retail investors, and what fund categories is it likely to target first?
Can Monarch Networth sustain its 46% PAT CAGR trajectory as it transitions to an AUM-driven revenue model, given that asset management fees typically generate lower margins than transaction-based broking income?
With a ₹3,000 Crore total AUM target requiring nearly 14x growth from current PMS levels, what fundraising strategy and distribution partnerships is the company likely to pursue to bridge this gap within a single fiscal year?
18
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
