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Monarch Surveyors and Engineering Consultants Ltd (544453)

📊 BSE: 544453 🏢 Consulting Services 📢 Latest filing: 16 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Monarch Surveyors' revenue was ₹100 Cr (-13.8% year on year, +37.0% on the previous half-year), and net profit ₹24.0 Cr (-11.1% year on year); the operating margin was 30.0%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹100	-13.8%	+37.0%
Operating profit	₹30.0	-14.3%	+36.4%
Net profit	₹24.0	-11.1%	+71.4%
EPS (₹)	17.13	-33.9%	+69.6%
Operating margin	30.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Monarch Surveyors Wins Rs 51.20 Cr Southern Railway Order (15% of TTM Revenue)

🟢 POSITIVE ⭐ 7/10

OTHER 📅 16 Oct 2026, 12:20 PM

Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance from Southern Railway for a domestic project valued at Rs 51.20 crore. The scope includes conducting Traffic Surveys, Final Location Surveys, and preparing Detailed Project Reports (DPR) for new BG lines, doubling, and multi-tracking. Relative to the company's TTM revenue of Rs 340 crore, the order represents approximately 15% of annual turnover. The contract is slated for execution over an indicative timeframe of 36 months.

Received Letter of Acceptance valued at Rs 51,19,56,000.29 from Southern Railway
Scope covers Traffic Survey, Final Location Survey, and DPR submission for rail projects
Execution timeline is set at 36 months from the issuance of the Letter of Acceptance
Order size represents ~15.1% of TTM revenue (Rs 340 crore) and ~29.8% of FY26 revenue (Rs 172 crore)

💡 Track quarterly revenue recognition from this project and execution milestones over the 36-month delivery timeframe.

Monarch Surveyors Secures Rs 10.41 Cr Land Surveying Order from Buldhana Collector Office

🟢 POSITIVE ⭐ 5/10

OTHER 📅 25 Aug 2026, 06:56 PM

Monarch Surveyors and Engineering Consultants Ltd has received a work order valued at Rs 10.41 crore (Rs 10,40,76,000) from the Collector Office, Buldhana (Government of Maharashtra). The contract entails deploying licensed surveyors for the District Superintendent of Land Records, Buldhana. Relative to the company's TTM revenue of Rs 340 crore (and FY26 annual revenue of Rs 172 crore), this domestic contract represents approximately 3.1% to 6.1% of revenue. The project is set to commence immediately on a cash consideration basis.

Secured domestic work order with a total contract value of Rs 10,40,76,000
Contract awarded by Collector Office, Buldhana, Government of Maharashtra
Project scope covers licensed surveying services for District Superintendent of Land Records
Work to commence immediately under contract terms with cash consideration

💡 Track execution timelines and the pacing of revenue recognition from this government contract in subsequent quarterly results.

Monarch Surveyors Dispatches FY26 Annual Report Link; 27th AGM Scheduled for Sep 16, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Aug 2026, 04:35 PM

Monarch Surveyors and Engineering Consultants Ltd has issued an intimation providing the web link and path to access its FY2025-26 Annual Report and Notice of the 27th AGM for shareholders without registered email addresses. The 27th Annual General Meeting is scheduled for Wednesday, September 16, 2026, via Video Conferencing. The Board's previously recommended final dividend of Rs. 1.60 per equity share (16% on FV Rs. 10) will be taken up for declaration at the AGM.

27th Annual General Meeting scheduled for Wednesday, September 16, 2026, at 03:00 PM IST via VC/OAVM
Final dividend of Rs. 1.60 per equity share (16% on FV Rs. 10) recommended by the Board to be approved at the AGM
Cut-off date for e-voting set for Wednesday, September 09, 2026
Remote e-voting period opens on September 13, 2026 (9:00 AM IST) and closes on September 15, 2026 (5:00 PM IST)

💡 Shareholders eligible to vote should note the cut-off date of September 09, 2026, and participate in e-voting between September 13 and September 15, 2026.

Monarch Surveyors Wins ₹1.68 Cr GIS Mapping Order from Fursungi-Uruli Devachi Nagar Parishad

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Aug 2026, 03:22 PM

Monarch Surveyors and Engineering Consultants Ltd has secured a domestic work order valued at ₹1.68 crore from Fursungi-Uruli Devachi Nagar Parishad. The project covers the preparation of GIS base maps, Existing Land Use (ELU) surveys, and assistance in GIS-based Development Plans. Relative to the company's TTM revenue of ₹340 crore, the order represents approximately 0.5% of revenue. Work is slated to commence immediately with payment on a cash consideration basis.

Received work order valued at ₹1,68,00,000 (₹1.68 crore) from Fursungi-Uruli Devachi Nagar Parishad
Scope includes preparation of GIS base maps, Existing Land Use (ELU), and GIS-based Development Plans
Represents ~0.5% of the company's TTM revenue of ₹340 crore
Work to commence immediately as per letter of acceptance terms

💡 Track execution milestones and the pace of further municipal/urban development consultancy order inflows in subsequent quarterly results.

Monarch Surveyors Dispatches FY26 Annual Report Link; 27th AGM Set for Sept 16 with ₹1.60 Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 04:11 PM

Monarch Surveyors and Engineering Consultants Ltd has issued a communication containing the web-link and access path for its FY 2025-26 Annual Report and Notice of the 27th AGM for non-email registered shareholders. The AGM is scheduled for September 16, 2026, via video conferencing. The Board has recommended a final dividend of ₹1.60 per share (16% on ₹10 face value) for FY26, payable within 30 days of AGM approval. Remote e-voting is set from September 13 to September 15, 2026, with a cut-off date of September 9, 2026.

27th Annual General Meeting scheduled for Wednesday, September 16, 2026, at 03:00 PM IST.
Recommended final dividend of ₹1.60 per equity share (16% of ₹10 face value) for FY25-26.
Cut-off date for e-voting set as September 09, 2026, with voting active from September 13 to September 15, 2026.
Final dividend to be paid electronically within 30 days of AGM declaration.

💡 Eligible shareholders should track the e-voting schedule between September 13 and September 15, 2026, and ensure demat KYC/bank details are updated for dividend credit.

Monarch Surveyors Dispatches FY26 Annual Report; 27th AGM Scheduled for Sept 16, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 03:20 PM

Monarch Surveyors and Engineering Consultants has submitted its Annual Report for FY 2025-26 along with the notice for its 27th Annual General Meeting (AGM). The AGM is scheduled to take place virtually on September 16, 2026, at 3:00 PM IST. The cut-off date for e-voting eligibility is set for September 09, 2026, with remote e-voting running from September 13 to September 15, 2026. The report details company developments following its BSE SME listing in July 2025 and its team scale of over 710 specialists across infrastructure consultancy verticals.

27th Annual General Meeting scheduled for September 16, 2026, via video conferencing
Cut-off date for remote e-voting fixed as September 09, 2026
Remote e-voting window open from September 13 (9:00 AM) to September 15, 2026 (5:00 PM)
Delivery team headcount reported at over 710 engineers, surveyors, planners, and geospatial specialists

💡 Track AGM proceedings and shareholder voting outcomes on September 16, 2026, alongside upcoming Q2 FY27 operational disclosures.

Monarch Surveyors Schedules 27th AGM for Sep 16, 2026; Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 03:11 PM

Monarch Surveyors and Engineering Consultants has issued the notice for its 27th Annual General Meeting (AGM), scheduled for September 16, 2026, via video conferencing. The cut-off date for e-voting entitlement is fixed as September 9, 2026, with remote e-voting running from September 13 to September 15, 2026. The company also released its Annual Report for FY 2025-26, detailing its operations across infrastructure engineering, geospatial services, and project management.

27th Annual General Meeting scheduled for Wednesday, September 16, 2026, at 3:00 PM IST via VC/OAVM
Cut-off date for remote e-voting eligibility set for September 9, 2026
Remote e-voting window open from 9:00 AM on September 13, 2026, to 5:00 PM on September 15, 2026
Company operates with a delivery team of over 710 engineers, surveyors, planners, and geospatial specialists

💡 Eligible shareholders can participate in remote e-voting by September 15, 2026, or attend the virtual AGM on September 16, 2026. Review the full FY26 Annual Report for detailed management discussion and statutory auditor notes.

Monarch Surveyors Schedules 27th AGM for Sep 16, 2026; Re-designates Whole-time Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 21 Aug 2026, 02:54 PM

Monarch Surveyors and Engineering Consultants Ltd has scheduled its 27th Annual General Meeting (AGM) for Wednesday, September 16, 2026, via Video Conferencing, with the voting cut-off date fixed as September 09, 2026. The Board approved the re-designation of Mrs. Usha Sunil Kokare from Executive Director to Whole-time Director for a term of 5 years, subject to shareholder approval. In addition, M/s. KJL & Associates was appointed as Secretarial Auditor for 5 years (FY 2026-27 to FY 2030-31), and Mr. Anuj Shashikumar Bajoria was reappointed as Internal Auditor for FY 2026-27.

27th AGM scheduled for September 16, 2026 at 3:00 PM IST via Video Conferencing
Voting eligibility cut-off date set as September 09, 2026
Mrs. Usha Sunil Kokare re-designated as Whole-time Director for 5 consecutive years
M/s. KJL & Associates appointed as Secretarial Auditor for a 5-year term from FY27 to FY31

💡 Track shareholder voting results following the AGM on September 16, 2026, and look for upcoming quarterly financial filings.

Monarch Surveyors Schedules 27th AGM for Sep 16, 2026; Approves Auditor and Director Roles

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 02:50 PM

Monarch Surveyors and Engineering Consultants announced the outcome of its Board Meeting held on August 21, 2026. The 27th Annual General Meeting (AGM) has been scheduled for September 16, 2026, with the voting cut-off date fixed as September 09, 2026. The Board also approved the appointment of M/s KJL & Associates as Secretarial Auditor for 5 financial years (FY 2026-27 to FY 2030-31) and re-designated Mrs. Usha Sunil Kokare as Whole-time Director for 5 years, both subject to shareholder approval. Additionally, Mr. Anuj Shashikumar Bajoria was re-appointed as Internal Auditor for FY 2026-27.

27th Annual General Meeting scheduled for Wednesday, September 16, 2026 at 3:00 PM IST via VC/OAVM.
Shareholder voting eligibility cut-off date fixed for Wednesday, September 09, 2026.
Appointment of M/s KJL & Associates as Secretarial Auditor for a 5-year term from FY 2026-27 to FY 2030-31.
Re-designation of Mrs. Usha Sunil Kokare as Whole-time Director for a tenure of 5 years.
Re-appointment of Mr. Anuj Shashikumar Bajoria as Internal Auditor for FY 2026-27.

💡 Shareholders looking to participate and vote in the AGM should note the cut-off date of September 09, 2026. Review the upcoming AGM notice for details on resolutions.

Monarch Surveyors Secures ₹4.39 Cr Work Order from Land Records Dept, Amravati

🟢 POSITIVE ⭐ 5/10

EXPANSION 📅 18 Aug 2026, 03:48 PM

Monarch Surveyors and Engineering Consultants Limited has received a domestic work order valued at ₹4,38,90,000 (₹4.39 Cr) from the Office of the District Superintendent of Land Records, Government of Maharashtra, Amravati. The contract requires deploying 50 licensed surveyors for survey operations across the Amravati district. Relative to the company's TTM revenue of ₹340 Cr, this order represents approximately 1.3% of revenue. Work is slated to commence immediately with cash consideration as per the contract terms.

Work order secured for ₹4,38,90,000 (₹4.39 Cr)
Contract requires deployment of 50 Licensed Surveyors in Amravati district
Awarded by the Office of the District Superintendent of Land Records, Government of Maharashtra
Order value constitutes ~1.3% of TTM revenue (₹340 Cr)

💡 Monitor execution milestones and revenue recognition from state government consultancy contracts in upcoming quarterly results.

Monarch Surveyors Updates Official Website Domain to monarchltd.com Effective August 17, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 17 Aug 2026, 06:07 PM

Monarch Surveyors and Engineering Consultants Limited has announced a change in its official website domain from www.monarchconsultants.in to www.monarchltd.com with effect from August 17, 2026. The update is made pursuant to Regulation 46 of SEBI LODR Regulations, 2015. The company confirmed that the new website is functional and hosts all statutory disclosures and investor records. This is a purely administrative update with no impact on business operations or financials.

Official website changed from www.monarchconsultants.in to www.monarchltd.com
Change is effective immediately as of August 17, 2026
New website is functional and compliant with Regulation 46 of SEBI LODR Regulations

💡 Investors should update their bookmarks and refer to www.monarchltd.com for future statutory disclosures, financial results, and investor communications.

Monarch Surveyors Secures ₹2.90 Cr Order from Central Railway for 218 km Rail Line Project

🟢 POSITIVE ⭐ 5/10

OTHER 📅 14 Aug 2026, 07:34 PM

Monarch Surveyors and Engineering Consultants Ltd has received a Letter of Acceptance (LOA) from Central Railway valued at ₹2,90,43,688.21. The mandate involves land acquisition facilitation (CALA) and forest diversion clearances for the 218 km Bhusawal - Badnera 3rd and 4th line project. With a contract size of approximately ₹2.90 crore, the order represents roughly 0.85% of the company's TTM revenue of ₹340 crore.

Received LOA worth ₹2,90,43,688.21 from Central Railway
Scope includes land acquisition facilitation and Stage-I & Stage-II Forest Clearances
Covers the 218 km Bhusawal - Badnera 3rd and 4th railway line project
Order value constitutes ~0.85% of TTM revenue of ₹340 Cr

💡 Monitor execution milestones and revenue recognition from this project in upcoming quarterly filings.

Monarch Surveyors Completes 100% Acquisition of Australian Firm GM & FE Ryan Pty Ltd

🟢 POSITIVE ⭐ 9/10

M&A 📅 05 Aug 2026, 03:36 PM

Monarch Surveyors and Engineering Consultants has successfully completed the 100% acquisition of GM & FE Ryan Pty Ltd, an Australian engineering services entity. The transaction follows a binding agreement signed on May 21, 2026, and has now received all regulatory clearances from the Australian Securities and Investments Commission (ASIC). This acquisition marks the company's formal entry into the Australian market, aiming to diversify its geographical footprint beyond India. While the acquisition cost was not disclosed, the move leverages Monarch's strong financial position, including a TTM revenue of Rs 340 Cr and a low Debt-to-Equity ratio of 0.05.

Acquisition of 100% issued share capital of GM & FE Ryan Pty Ltd, Australia.
Transaction executed under a Binding Acquisition Agreement dated May 21, 2026.
Monarch maintains a strong TTM Operating Profit Margin (OPM) of 30.0%.
The company reported a TTM PAT of Rs 75 Cr prior to this international expansion.
Acquired entity acts as a trustee of the GMR Engineering Services Unit Trust.

💡 Investors should monitor the next two quarterly results to assess the revenue contribution and margin profile of the new Australian subsidiary, and look for disclosures regarding the total acquisition cost.

Monarch Surveyors Completes 100% Acquisition of Australia-based GM & FE Ryan Pty Ltd

🟢 POSITIVE ⭐ 9/10

M&A 📅 05 Aug 2026, 03:27 PM

Monarch Surveyors has finalized the 100% acquisition of GM & FE Ryan Pty Ltd, an Australian engineering services entity, following a binding agreement signed on May 21, 2026. The acquisition has been recorded with the Australian Securities and Investments Commission (ASIC), marking the company's formal entry into the Australian market. While the acquisition cost was not disclosed, the move is a strategic step to diversify Monarch's TTM revenue of Rs 340 Cr and leverage synergies in civil engineering and project execution. The company maintains a strong financial profile with a 30% operating margin and low debt of Rs 12 Cr.

Acquisition of 100% issued share capital of GM & FE Ryan Pty Ltd, Australia.
Transaction executed under a Binding Acquisition Agreement dated 21 May 2026.
Monarch reports TTM revenue of Rs 340 Cr and TTM PAT of Rs 75 Cr as of the latest period.
The company operates with a high ROCE of 29.0% and a low Debt-to-Equity ratio of 0.05.
Acquired entity acts as the trustee of the GMR Engineering Services Unit Trust.

💡 Investors should monitor the next quarterly results for the consolidation of the Australian subsidiary's financials and any specific disclosures regarding the acquisition valuation and its impact on the Rs 231 Cr net worth.

Rs 1.94 Cr Order from Central Railway for Kasara-Manmad Rail Project

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 11:32 AM

Monarch Surveyors and Engineering Consultants Ltd has secured a contract worth Rs 1.94 crore from Central Railway. The project involves facilitating land acquisition and obtaining forest clearances for the 131 km Kasara-Manmad 3rd & 4th line expansion. While the order demonstrates the company's specialized consulting capabilities, its value is relatively small, representing approximately 0.57% of the company's TTM revenue of Rs 340 crore. The project is slated for completion within a 12-month period.

Total order value of Rs 1,94,22,345.08 awarded by Central Railway.
Project involves a 131 km stretch for the Kasara-Manmad 3rd & 4th line expansion.
Scope includes obtaining Stage-I & Stage-II Forest Clearances and tree cutting permissions.
Execution timeline is fixed at 12 months from the date of Letter of Acceptance.

💡 Investors should treat this as a routine business update. The key focus should remain on the company's ability to secure larger-scale contracts that can materially impact its Rs 340 crore revenue base.

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