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Metro Brands Ltd

METROBRAND

Metro Brands Ltd

METROBRAND
Consumer DiscretionaryFootwear
MidcapWith a market cap of ₹33,615 cr, stock is ranked 228
Moderate RiskStock is 2.36x as volatile as Nifty
1,234.950.26% (-3.25)
1,234.950.26% (-3.25)

Price Chart

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1W
1M
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Max
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Consumer DiscretionaryFootwear
MidcapWith a market cap of ₹33,615 cr, stock is ranked 228
Moderate RiskStock is 2.36x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryFootwear
MidcapWith a market cap of ₹33,615 cr, stock is ranked 228
Moderate RiskStock is 2.36x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
81.7817.760.40%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
36.686.530.77%

Forecast & Ratings

Detailed Forecast 
71%
Analysts have suggested that investors can buy this stock

from 21 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Metro Brands Limited is footwear retailer. It sells a range of branded products for men, women and kids, and for every occasion including casual and formal events. It provides Metro, Mochi, Walkway, daVinchi, Crocs, Cheemo, and Fitflop brands.

Investor Presentation

View older 

Oct 23, 2024

PDF
View Older Presentations
PE Ratio
65.66
1Y Return
4.90%
Buy Reco %
33.33
PE Ratio
65.32
1Y Return
37.51%
Buy Reco %
33.33
PE Ratio
65.42
1Y Return
33.39%
Buy Reco %
—
PE Ratio
99.78
1Y Return
3.70%
Buy Reco %
—
PE Ratio
20.94
1Y Return
28.43%
Buy Reco %
—
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.44%, vs industry avg of 3.27%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 12.14% to 20.32%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 22.78%, vs industry avg of 4.6%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue917.281,038.931,083.771,236.901,311.07878.541,401.572,181.512,427.522,541.88
Raw Materialssubtract400.58470.50512.03633.94582.18274.10680.561,028.491,010.891,728.74
Power & Fuel Costsubtract16.2516.7516.9318.5520.1714.6819.6126.8834.23
Employee Costsubtract69.4982.9897.47112.14126.76102.60121.24184.35227.95
Selling & Administrative Expensessubtract270.49309.80222.00161.47167.15111.41180.24271.02306.39
Operating & Other expensessubtract13.59-2.050.51-45.2336.05124.59-67.89-62.3977.67
Depreciation/Amortizationsubtract13.0116.0619.5293.65120.61121.84134.24181.01229.12247.00
Interest & Other Itemssubtract0.680.450.4134.2539.7344.8150.4363.0678.8986.38
Taxes & Other Itemssubtract48.2653.4275.8980.3161.6916.3171.55127.6449.8768.73
EPS3.203.435.245.575.902.577.8813.3115.1815.12
DPS0.690.751.111.201.501.502.254.005.005.00
Payout ratio0.220.220.210.220.250.580.290.300.330.33

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 20PDF
FY 2023

Annual report

PDF

Investor Presentation

May 23PDF
Jan 17PDF
Oct 21PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 1PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 23PDF
Oct 23PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryFootwear

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Metro Brands Ltd81.4917.760.40%
Bata India Ltd65.6611.290.89%
Relaxo Footwears Ltd65.326.540.57%
Liberty Shoes Ltd65.423.49—

Price Comparison

Compare METROBRAND with any stock or ETF
Compare METROBRAND with any stock or ETF
METROBRAND
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 2.23%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding71.93%6.59%0.59%3.42%17.46%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '242.33%2.68%2.68%3.05%3.39%3.42%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Metro Brands Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
2.2993%1.46%-0.04%46/80 (+3)
0.3918%0.53%0.12%61/67 (+2)
0.2888%0.88%0.03%57/95 (+3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

METROBRAND has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.40%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.03 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 6, 2024

Final
Final | Div/Share: ₹2.25

Dividend/Share

₹2.25

Ex DateEx Date

Sep 6, 2024

Cash Dividend

Ex DateEx DateJan 31, 2024

Interim
Interim | Div/Share: ₹2.75

Dividend/Share

₹2.75

Ex DateEx Date

Jan 31, 2024

Cash Dividend

Ex DateEx DateSep 1, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 1, 2023

Cash Dividend

Ex DateEx DateJan 27, 2023

Interim
Interim | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Jan 27, 2023

Cash Dividend

Ex DateEx DateAug 29, 2022

Final
Final | Div/Share: ₹0.75

Dividend/Share

₹0.75

Ex DateEx Date

Aug 29, 2022

News & Opinions
Spotlight
Metro Brands slides as Q3 PAT slips 2% YoY to Rs 94 crore

The profit after tax included a one-time tax charge of Rs 25 crore arising from the reconciliation & reassessment of tax balances in the books, primarily of the Fila business, with balance as per return of income pertaining to earlier years. However, revenue from operations increased 10.23% year on year (YoY) to Rs 687.86 crore in the quarter ended 31 December 2024, witnessing recovery in sales due to festive and wedding season as compared to the muted growth observed in H1 FY25. Profit before tax in Q3 of FY25 was at Rs 157.73 crore, up 18.39% on YoY basis. EBITDA grew 13% YoY to Rs 224 crore in the December 2024 quarter. EBITDA margin improved to 32.6% in Q3 FY25 as compared to 31.8% registered in Q3 FY24, due to better cost controls and restructuring of Fila's royalty with FILA global to align royalty expenses with expected revenue growth over next 2-3 years. Ecommerce sales (including omni-channel) for the quarter stood at Rs 76 crore, up 37% YoY. During this quarter, the company expanded its retail footprint with the launch of its first Foot Locker store and the first kiosk for New Era, catering to a diverse and growing customer base. Furthermore, the onboarding of celebrities Triptii Dimri and Vijay Varma for Metro Shoes, along with Shanaya Kapoor and Vedang Raina for Mochi, has contributed to the quarter's overall growth and enhanced brand visibility. Additionally, Metro Brands completed the liquidation of old FILA inventory, and the second drop of India-manufactured merchandise is expected by mid-February 2025. During the nine months ending December 31, 2024, the company opened 61 new stores, offset by 4 closures during the same period. Consequently, the net new store openings for the current year will fall below the guidance of 100 stores. However, it is committed to achieving overall target of 225 store openings by FY26. Nissan Joseph, CEO of Metro Brands, said: The third quarter of FY25 reflects steady progress for Metro Brands as we build on the momentum of the festive season. I am pleased with the growth of 13% EBITDA and an 18% in PBT growth reflecting our continued focus on operational rigour. The launch of the Foot Locker store and New Era kiosk, combined with our strategic partnerships with celebrities, has enhanced our brand visibility and customer engagement. We remain optimistic about our initiatives and are committed to delivering continued value for our customers and stakeholders as we move into the final quarter of the year.' Metro Brands stated that it remained focused on expanding its footprint, leveraging digital opportunities, and enhancing customer experiences as it gears up for a modest finish to FY25. Metro Brands operate metro, mochi and walkway branded MBOs and Crocs branded EBOs. Company and our its Metmill also operate shop in shops (SIS) in major departmental stores across India. Firm also distribute products of third party brands through MetMill and retail products through franchisees. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Metro Brands consolidated net profit declines 3.30% in the December 2024 quarter

Net profit of Metro Brands declined 3.30% to Rs 94.58 crore in the quarter ended December 2024 as against Rs 97.81 crore during the previous quarter ended December 2023. Sales rose 10.64% to Rs 703.09 crore in the quarter ended December 2024 as against Rs 635.50 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales703.09635.50 11 OPM %32.0131.31 - PBDT224.77194.56 16 PBT159.27135.92 17 NP94.5897.81 -3 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Metro Brands allots 1.35 lakh equity shares under ESOP

Metro Brands has allotted 1,35,847 equity shares under ESOP on 13 January 2024. Consequent to this allotment, the paid-up capital of the Company stands increased from Rs. 1,360,314,755 (consisting of 272,062,951 equity shares of Rs. 5 each) to Rs. 1,360,993,990 (consisting of 272,198,798 equity shares of Rs. 5 each)Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Metro Brands to table results

Metro Brands will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Metro Brands allots 16,941 equity shares under ESOP

Metro Brands has allotted 16,941 equity shares under ESOP on 12 December 2024. Consequent to this allotment, the paid-up capital of the Company stands increased from Rs. 1,360,230,050 (consisting of 27,20,46,010 Equity Shares of Rs. 5 each) to Rs. 1,360,314,755 (consisting of 272,062,951 equity shares of Rs. 5 each).Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Metro Brands allots 96,926 equity shares under ESOP

Metro Brands has allotted 96,926 equity shares under ESOP on 11 November 2024. Consequent to this allotment, the paid-up capital of the Company stands increased from Rs. 1,359,745,420 (consisting of Rs. 27,19,49,084 equity shares of Rs. 5 each) to Rs. 1,360,230,050 (consisting of Rs. 27,20,46,010 equity shares of Rs. 5 each).Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Metro Brands consolidated net profit rises 4.29% in the September 2024 quarter

Net profit of Metro Brands rose 4.29% to Rs 69.55 crore in the quarter ended September 2024 as against Rs 66.69 crore during the previous quarter ended September 2023. Sales rose 5.35% to Rs 585.45 crore in the quarter ended September 2024 as against Rs 555.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales585.45555.70 5 OPM %26.4427.96 - PBDT156.36151.81 3 PBT93.9494.65 -1 NP69.5566.69 4 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Metro Brands to conduct board meeting

Metro Brands will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Metro Brands allots 4,154 equity shares under ESOP

Metro Brands has allotted 4,154 equity shares under ESOP on 1 October 2024. With this allotment, the paid up equity share capital has increased to Rs. 1,359,745,420 (consisting of Rs. 271,949,084 equity shares of Rs. 5 each).Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Metro Brands to convene AGM

Metro Brands announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live

5 months agoCapital Market - Live