Metro Brands Ltd - Stock Valuation and Financial Performance

BSE: 543426 | NSE: METROBRAND | Retailing | Mid Cap

Metro Brands Share Price

1,032.80 20.55 2.03%
as on 01-Apr'25 09:39

DeciZen - make an informed investing decision on Metro Brands

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Metro Brands stock performance -

P/E Ratio (SA):
68.07
Market Cap:
28,365.7 Cr.
52-wk low:
890.3
52-wk high:
1,430.1

Is Metro Brands Ltd an attractive stock to invest in?

1. Is Metro Brands Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Metro Brands Ltd is a good quality company.

2. Is Metro Brands Ltd undervalued or overvalued?

The key valuation ratios of Metro Brands Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Metro Brands Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Metro Brands Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Metro Brands:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Metro Brands Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 40.1%34.9%32.9%40.2%36.6%34.1%17.1%32.1%39.4%32.5%-
Value Creation
Index
2.62.11.92.62.32.00.51.42.51.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7027678681,0341,1551,2107891,3122,0712,3052,395
Sales YoY Gr.-9.3%13.1%19.1%11.7%4.7%-34.8%66.4%57.8%11.3%-
Adj EPS 33.13.355.65.82.77.612.815.415.3
YoY Gr.-4.8%7.1%52%11.1%3.4%-53.8%185.4%68.4%19.6%-
BVPS (₹) 12.414.617.221.22529.430.345.555.366.774.7
Adj Net
Profit
78.181.987.713314815370.9207349417417
Cash Flow from Ops. 60.483.382.6157107272244218372585-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%14.8%43%11.3%
Adj EPS 20.1%22.4%79.1%19.6%
BVPS20.6%21.7%30.1%20.7%
Share Price - - 19.4% -6.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
26.122.920.826.224.221.2920.325.424.921.7
Op. Profit
Mgn %
17.817.616.820.919.928.422.93132.330.730
Net Profit
Mgn %
11.110.710.112.912.812.7915.816.818.117.4
Debt to
Equity
0000000000-
Working Cap
Days
106106116113123111161116107118136
Cash Conv.
Cycle
3636483530202620294092

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 42.97%

Net Profit is growing at healthy rate in last 3 years 79.14%

Return on Equity has declined versus last 3 years average to 21.70%

Sales growth is not so good in last 4 quarters at 6.21%

Latest Financials - Metro Brands Ltd.

Standalone Consolidated
TTM EPS (₹) 15.3 15.1
TTM Sales (₹ Cr.) 2,395 2,448
BVPS (₹.) 74.7 75.8
Reserves (₹ Cr.) 1,896 1,928
P/BV 13.96 13.74
PE 68.07 69.01
From the Market
52 Week Low / High (₹) 890.30 / 1430.10
All Time Low / High (₹) 426.10 / 1440.45
Market Cap (₹ Cr.) 28,366
Equity (₹ Cr.) 136.1
Face Value (₹) 5
Industry PE 87.8

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 280 8.4294 7.9306 8.5313 9.3
Adj EPS (₹) 0.7 51.10.8 -14.31.2 17.4-0.9 -250
Op. Profit Mgn % 19.56 410 bps16.99 -47 bps18.97 109 bps13.54 -352 bps
Net Profit Mgn % 3.39 96 bps3.99 -104 bps5.23 38 bps-4.15 -718 bps

Management X-Ray of Metro Brands:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:71.93%Institutions:10.61%Non-Institutions:17.46%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%20%40%60%80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Metro Brands

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Metro Brands

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Metro Brands 1,032.8 20.6 (2%) Mid Cap 2,305 15.3 18.1 68.1 14

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales7027678681,0341,1551,2107891,3122,0712,305
Operating Expenses 5786347238199268696119091,4041,602
Manufacturing Costs28323539465138497391
Material Costs341371417458517529352550862958
Employee Cost 5763758910211397116176217
Other Costs 151168196233262176124195294336
Operating Profit 124133144215229340178403667703
Operating Profit Margin (%) 17.7%17.3%16.7%20.8%19.8%28.1%22.6%30.7%32.2%30.5%
Other Income 75109182579585370
Interest 000003944506379
Depreciation 1213161922120121134178228
Exceptional Items 0000000000
Profit Before Tax 12012513920522420791278479466
Tax 414347697655197012548
Profit After Tax 79829113514815273208354418
PAT Margin (%) 11.3%10.7%10.5%13.1%12.8%12.6%9.2%15.8%17.1%18.1%
Adjusted EPS (₹)3.03.13.55.15.65.72.77.713.015.4
Dividend Payout Ratio (%)22%22%22%18%22%26%55%29%31%33%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3283884565616657808051,2351,5031,814
Share Capital 15151515133133133136136136
Reserves 3133734415465326476721,0991,3671,678
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables867899131179155203212283251
Others Liabilities 17215233405615897871,0361,187
Total Liabilities 4314876067268841,4951,5962,2332,8223,252

Fixed Assets

Gross Block1641842302593139031,0351,2731,7702,128
Accumulated Depreciation4350607591199313426483652
Net Fixed Assets1221341701832227057228471,2861,476
CWIP 014641356189
Investments 377796184208346397398496765
Inventories218223250260331320284419625698
Trade Receivables235610822214837
Cash Equivalents 76251512108339418387
Others Assets44455771989382148166179
Total Assets 4314876067268841,4951,5962,2332,8223,252

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 608383157107272244218372585
PBT 12012513920522420791278479466
Adjustment 712813713891133203259
Changes in Working Capital -27-12-193-49-1682-121-169-58
Tax Paid -40-42-46-64-75-57-20-71-141-82
Cash Flow From Investing Activity -21-62-84-93-67-161-116-299-47-250
Capex -68-26-58-33-58-42-25-47-91-115
Net Investments 43-38-4-85-14-124-3354119-180
Others 41-222556-59-305-7544
Cash Flow From Financing Activity -40-220-53-44-112-116118-355-319
Net Proceeds from Shares 000000029234
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -34-220-53-450-50-71-88-116
Others -60001-112-67-104-269-207
Net Cash Flow -1-1-110-4-11238-3016
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)26.5122.9221.6826.5824.1221.039.1520.3625.8625.19
ROCE (%)40.0834.9432.9240.2136.5934.0517.0832.139.3732.53
Asset Turnover Ratio2.0821.671.571.441.190.60.80.960.89
PAT to CFO Conversion(x)0.761.010.911.160.721.793.341.051.051.4
Working Capital Days
Receivable Days1112326556
Inventory Days878795899384120837889
Payable Days84817791110115185137105102

Metro Brands Ltd Stock News

Metro Brands Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Metro Brands on 01-Apr-2025 09:39 is ₹1,032.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Apr-2025 09:39 the market cap of Metro Brands stood at ₹28,365.7.
The latest P/E ratio of Metro Brands as of 01-Apr-2025 09:39 is 68.07.
The latest P/B ratio of Metro Brands as of 01-Apr-2025 09:39 is 13.96.
The 52-week high of Metro Brands is ₹1,430.1 and the 52-week low is ₹890.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Metro Brands is ₹2,395 ( Cr.) .

About Metro Brands Ltd

Metro Brands is one of the largest Indian footwear speciality retailers, and is among the aspirational Indian brands in the footwear category. It opened its first store under the Metro brand in Mumbai in 1955, and has since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. The company retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands. These brands have a pan-India appeal across regions. It also offers accessories such as belts, bags, socks, masks and wallets, at its stores. It also retail footcare and shoe-care products at its stores through its joint venture, M.V. Shoe Care, making it a ‘one-stop-shop’ for all footwear and related accessories to its customers.

The company endeavour to drive its sales through a strong focus on product assortment – a Theory-of-Constraints (TOC) method for its supply chain, offering greater availability and reducing stock-outs. This is coupled with an incentive-based remuneration system for its front-end and backend sales staff. The company operates on an asset light model with third-party manufacturing through long-standing vendor relationships, optimum store size and layout, and long-term lease arrangements. It introduces new designs frequently through its vendor engagements based on its combined understanding of prevailing trends and regional sensitivity. To efficiently manage inventory for its wide range of products, it follow a pull model for product availability at its stores where product placement is led by a demand driven inventory replenishment method. This helps it ensure optimum inventory management and accessibility to the latest products.

Business area of the company

The company is one of the largest Indian footwear speciality retailers, and is among the aspirational Indian brands in the footwear category.

Key awards, accreditations or recognitions

  • 2011: ‘Emerging Retailer of the Year’ award at the ET Retail Awards by The Economic Times.
  • 2012: ‘Retailer of the Year (Footwear Non Apparel)’ award at the Asian Retail Leadership Awards.
  • 2013: ‘Most Popular Youth Brand (footwear)’ award at the Global Youth Marketing Awards.
  • 2014: ‘Footwear Brand with Outstanding e-Retail Performance’ at the Indian e-Retail Awards by Franchise India.
  • 2015: ‘Most Admired Multi-Brand Footwear Retail Chain of the Year - Metro” at the India Shoes and Accessories Awards.
  • 2016: ‘Most Admired Multi-Brand Retail Chain of the Year - Mochi’ at the India Shoes and Accessories Awards.
  • 2017: ‘Footwear Retailer of the Year’ award at the 12th Annual Star Retailer Awards.
  • 2017: ‘Shining Star Commercial Partner of the Year 2017’ award received by our store at Indira Gandhi International Airport, New Delhi at the GMR Airport Awards 2017 by the GMR Group.
  • 2017: ‘Most Preferred Woman’s Brand’- 4th World Women Leadership Congress Awards by Femina.
  • 2018: ‘Retailer of the Year (Non-Apparel / Footwear)’ at the ET Global Awards for Retail Excellence by ET Now.
  • 2019: ‘Family Business of the Year - Emerging Companies’ award by The Economic Times.
  • 2021: ‘Best Footwear Brand 2021’ award at the India’s Retail Champions Awards, supported by the Retailers Association of India.

Major events and milestones

  • 1977: Incorporation of the Company.
  • 2000: The Company opened the first ‘Mochi’ branded MBO.
  • 2009: The Company launched the ‘Walkway’ format (previously ‘MSL - More Shoes for Less’).
  • 2010: The Company launched the e-commerce platform and it reached a target of 100 stores.
  • 2012: The Company reached a target of 200 stores.
  • 2015: The Company tied-up with the brand ‘CrocsTM’.
  • 2020: The Company reached a target of 550 stores.
  • 2021: The Company tied with the brand ‘Fitflop’.
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