Is Metro Brands a good quality company?

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

Is Metro Brands 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 .

What is Metro Brands share price return in the past 10 years?

Data is not available for this company

Is Metro Brands 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.

Metro Brands Ltd - Stock Valuation and Financial Performance

Name: Metro Brands
Brand: Metro Brands

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

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Metro Brands Share Price

₹1,122.90 7.45 0.67%
as on 21-Nov'24 14:23

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	40.1%	34.9%	32.9%	40.2%	36.6%	34.1%	17.1%	32.1%	39.4%	32.5%	-
Value Creation Index ⓘ	2.6	2.1	1.9	2.6	2.3	2.0	0.5	1.4	2.5	1.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	702	767	868	1,034	1,155	1,210	789	1,312	2,071	2,305	2,324
Sales YoY Gr.	-	9.3%	13.1%	19.1%	11.7%	4.7%	-34.8%	66.4%	57.8%	11.3%	-
Adj EPS ⓘ	3	3.1	3.3	5	5.6	5.8	2.7	7.6	12.8	15.4	16
YoY Gr.	-	4.8%	7.1%	52%	11.1%	3.4%	-53.8%	185.4%	68.4%	19.6%	-
BVPS (₹) ⓘ	12.4	14.6	17.2	21.2	25	29.4	30.3	45.5	55.3	66.7	71.3
Adj Net Profit ⓘ	78.1	81.9	87.7	133	148	153	70.9	207	349	417	434
Cash Flow from Ops. ⓘ	60.4	83.3	82.6	157	107	272	244	218	372	585	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

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%
BVPSⓘ	20.6%	21.7%	30.1%	20.7%
Share Price	-	-	-	-17.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.1	22.9	20.8	26.2	24.2	21.2	9	20.3	25.4	24.9	23.1
Op. Profit Mgn % ⓘ	17.8	17.6	16.8	20.9	19.9	28.4	22.9	31	32.3	30.7	30.3
Net Profit Mgn % ⓘ	11.1	10.7	10.1	12.9	12.8	12.7	9	15.8	16.8	18.1	18.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	106	106	116	113	123	111	161	116	107	118	136
Cash Conv. Cycle ⓘ	36	36	48	35	30	20	26	20	29	40	92

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 23.10%

Sales growth is not so good in last 4 quarters at 5.34%

Latest Financials - Metro Brands Ltd.

	Standalone	Consolidated
TTM EPS (₹)	16	15.2
TTM Sales (₹ Cr.)	2,324	2,380
BVPS (₹.) ⓘ	71.3	72.4
Reserves (₹ Cr.) ⓘ	1,802	1,834
P/BV ⓘ	15.66	15.40
PE ⓘ	69.96	73.25

From the Market
52 Week Low / High (₹)	992.65 / 1440.45
All Time Low / High (₹)	426.10 / 1440.45
Market Cap (₹ Cr.)	30,345
Equity (₹ Cr.)	136
Face Value (₹)	5
Industry PE ⓘ	94.9

Management X-Ray of Metro Brands:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Metro Brands

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Metro Brands

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	702	767	868	1,034	1,155	1,210	789	1,312	2,071	2,305
Operating Expenses ⓘ	578	634	723	819	926	869	611	909	1,404	1,602
Manufacturing Costs	28	32	35	39	46	51	38	49	73	91
Material Costs	341	371	417	458	517	529	352	550	862	958
Employee Cost	57	63	75	89	102	113	97	116	176	217
Other Costs ⓘ	151	168	196	233	262	176	124	195	294	336
Operating Profit ⓘ	124	133	144	215	229	340	178	403	667	703
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 ⓘ	7	5	10	9	18	25	79	58	53	70
Interest ⓘ	0	0	0	0	0	39	44	50	63	79
Depreciation ⓘ	12	13	16	19	22	120	121	134	178	228
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	120	125	139	205	224	207	91	278	479	466
Tax ⓘ	41	43	47	69	76	55	19	70	125	48
Profit After Tax	79	82	91	135	148	152	73	208	354	418
PAT Margin (%)	11.3%	10.7%	10.5%	13.1%	12.8%	12.6%	9.2%	15.8%	17.1%	18.1%
Adjusted EPS (₹)	3.0	3.1	3.5	5.1	5.6	5.7	2.7	7.7	13.0	15.4
Dividend Payout Ratio (%)	22%	22%	22%	18%	22%	26%	55%	29%	31%	33%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	328	388	456	561	665	780	805	1,235	1,503	1,814
Share Capital ⓘ	15	15	15	15	133	133	133	136	136	136
Reserves ⓘ	313	373	441	546	532	647	672	1,099	1,367	1,678
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	86	78	99	131	179	155	203	212	283	251
Others Liabilities ⓘ	17	21	52	33	40	561	589	787	1,036	1,187
Total Liabilities ⓘ	431	487	606	726	884	1,495	1,596	2,233	2,822	3,252
Fixed Assets
Gross Block	164	184	230	259	313	903	1,035	1,273	1,770	2,128
Accumulated Depreciation	43	50	60	75	91	199	313	426	483	652
Net Fixed Assetsⓘ	122	134	170	183	222	705	722	847	1,286	1,476
CWIP ⓘ	0	1	4	6	4	13	5	6	18	9
Investmentsⓘ	37	77	96	184	208	346	397	398	496	765
Inventories	218	223	250	260	331	320	284	419	625	698
Trade Receivables	2	3	5	6	10	8	22	21	48	37
Cash Equivalents	7	6	25	15	12	10	83	394	183	87
Others Assetsⓘ	44	45	57	71	98	93	82	148	166	179
Total Assets ⓘ	431	487	606	726	884	1,495	1,596	2,233	2,822	3,252

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	60	83	83	157	107	272	244	218	372	585
PBT ⓘ	120	125	139	205	224	207	91	278	479	466
Adjustment ⓘ	7	12	8	13	7	138	91	133	203	259
Changes in Working Capital ⓘ	-27	-12	-19	3	-49	-16	82	-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	-33	54	119	-180
Others ⓘ	4	1	-22	25	5	6	-59	-305	-75	44
Cash Flow From Financing Activityⓘ	-40	-22	0	-53	-44	-112	-116	118	-355	-319
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	292	3	4
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-34	-22	0	-53	-45	0	-50	-71	-88	-116
Others ⓘ	-6	0	0	0	1	-112	-67	-104	-269	-207
Net Cash Flow ⓘ	-1	-1	-1	10	-4	-1	12	38	-30	16

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.51	22.92	21.68	26.58	24.12	21.03	9.15	20.36	25.86	25.19
ROCE (%)	40.08	34.94	32.92	40.21	36.59	34.05	17.08	32.1	39.37	32.53
Asset Turnover Ratio	2.08	2	1.67	1.57	1.44	1.19	0.6	0.8	0.96	0.89
PAT to CFO Conversion(x)	0.76	1.01	0.91	1.16	0.72	1.79	3.34	1.05	1.05	1.4
Working Capital Days
Receivable Days	1	1	1	2	3	2	6	5	5	6
Inventory Days	87	87	95	89	93	84	120	83	78	89
Payable Days	84	81	77	91	110	115	185	137	105	102

Metro Brands Ltd Stock News

Metro Brands Ltd FAQs

What is the share price of Metro Brands?

Company share prices are keep on changing according to the market conditions. The closing price of Metro Brands on 21-Nov-2024 14:23 is ₹1,122.9.

What is the market cap of Metro Brands?

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 21-Nov-2024 14:23 the market cap of Metro Brands stood at ₹30,345.4.

What is the P/E ratio of Metro Brands?

The latest P/E ratio of Metro Brands as of 21-Nov-2024 14:23 is 69.96.

What is the P/B ratio of Metro Brands?

The latest P/B ratio of Metro Brands as of 21-Nov-2024 14:23 is 15.66.

What is the 52-week high and low of Metro Brands?

The 52-week high of Metro Brands is ₹1,440.5 and the 52-week low is ₹992.6.

What is the TTM revenue of Metro Brands?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Metro Brands is ₹2,324 ( 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’.