Monarch Surveyors and Engineering Consultants Ltd (MSECL) Share Price & Fundamentals

What we do

Monarch Surveyors and Engineering Consultants Ltd offers end-to-end consultancy for infrastructure projects including surveying, design, land acquisition, and project management across roads, railways, metros, and utilities.

Founded in

1,999

Market share

One of the top 10 engineering consultants in India with a strong presence in 22+ states and international projects.

Problem solved

Facilitates efficient and dispute-free land acquisition, precise surveying, and comprehensive project management to accelerate infrastructure development.

Top clients or who we serve

Government of India, multiple state governments, municipalities, corporate clients, and international entities – mainly B2G and B2B segments.

Key management

Experienced leadership with 26+ years in civil engineering: Managing Director Dattatraya Karpe and senior executive directors hold engineering degrees and deep industry knowledge.

Our journey and innovations

Established in 1999, grew from hand-drawn cadastral maps to digital GIS mapping, large-scale infrastructure projects, and recent IPO raising ₹93.75 Cr in 2025.

Where we operate

Pan-India presence with projects in 22+ states; evolving international engagements including Sri Lankan rail corridor and Middle East expansion.

Top products or what we offer

Surveying, GIS mapping, land acquisition services, detailed project reports, project management consultancy, and engineering designs for multi-sector infrastructure.

Top brands

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Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

Revenue is project-based and cyclical, driven by government infrastructure expenditure and project cycle phases.

Our industry position

Competitive leader in engineering consultancy focusing on infrastructure with growing order book exceeding ₹500 crore.

Financial highlights

FY25 revenue ₹154.14 Cr, net profit ₹34.83 Cr; H1FY26 revenue ₹73.20 Cr, EBITDA margin 29.9%, PAT margin 19.5%.

Geographical revenue split

Revenue predominantly from India (~99%), minor contributions from international projects.

Order book

Order book over ₹500 crore as of September 2025 indicating strong project pipeline.

Whats driving growth

Rising infrastructure capital expenditure, government focus on roads, railways, and urban development, plus technology adoption in surveying and GIS.

Our future plans

Investing IPO proceeds in technology upgrades, geographic expansion across tier 1 and 2 cities, talent acquisition, and exploring international collaborations.

Our green promise

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Our people and values

Diverse workforce of 630+ employees including qualified engineers and surveying experts; emphasis on employee safety and governance.

Key challenges ahead

Managing project execution risks, competitive tendering environment, and scaling operations efficiently with new technologies.

Interesting facts

Pioneered GIS-based land acquisition for major expressways and mapped conflict zones in Sri Lanka early in its history.

Risks and strategy

Focus on technological advancement, diversified project portfolio, and robust governance to mitigate market and operational risks.