Metro Brands Ltd
METROBRANDMetro Brands Ltd
METROBRAND


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
75.97 | 16.50 | 0.44% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
35.53 | 6.32 | 0.79% |
Forecast & Ratings
Detailed Forecast from 21 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 917.28 | 1,038.93 | 1,083.77 | 1,236.90 | 1,311.07 | 878.54 | 1,401.57 | 2,181.51 | 2,427.52 | 2,541.88 | ||||||||||
Raw Materials | 400.58 | 470.50 | 512.03 | 633.94 | 582.18 | 274.10 | 680.56 | 1,028.49 | 1,010.89 | 1,728.74 | ||||||||||
Power & Fuel Cost | 16.25 | 16.75 | 16.93 | 18.55 | 20.17 | 14.68 | 19.61 | 26.88 | 34.23 | |||||||||||
Employee Cost | 69.49 | 82.98 | 97.47 | 112.14 | 126.76 | 102.60 | 121.24 | 184.35 | 227.95 | |||||||||||
Selling & Administrative Expenses | 270.49 | 309.80 | 222.00 | 161.47 | 167.15 | 111.41 | 180.24 | 271.02 | 306.39 | |||||||||||
Operating & Other expenses | 13.59 | -2.05 | 0.51 | -45.23 | 36.05 | 124.59 | -67.89 | -62.39 | 77.67 | |||||||||||
EBITDA | 146.88 | 160.95 | 234.83 | 356.03 | 378.76 | 251.16 | 467.81 | 733.16 | 770.39 | 813.14 | ||||||||||
Depreciation/Amortization | 13.01 | 16.06 | 19.52 | 93.65 | 120.61 | 121.84 | 134.24 | 181.01 | 229.12 | 247.00 | ||||||||||
PBIT | 133.87 | 144.89 | 215.31 | 262.38 | 258.15 | 129.32 | 333.57 | 552.15 | 541.27 | 566.14 | ||||||||||
Interest & Other Items | 0.68 | 0.45 | 0.41 | 34.25 | 39.73 | 44.81 | 50.43 | 63.06 | 78.89 | 86.38 | ||||||||||
PBT | 133.19 | 144.44 | 214.90 | 228.13 | 218.42 | 84.51 | 283.14 | 489.09 | 462.38 | 479.76 | ||||||||||
Taxes & Other Items | 48.26 | 53.42 | 75.89 | 80.31 | 61.69 | 16.31 | 71.55 | 127.64 | 49.87 | 68.73 | ||||||||||
Net Income | 84.93 | 91.02 | 139.01 | 147.82 | 156.73 | 68.20 | 211.59 | 361.45 | 412.51 | 411.03 | ||||||||||
EPS | 3.20 | 3.43 | 5.24 | 5.57 | 5.90 | 2.57 | 7.88 | 13.31 | 15.18 | 15.12 | ||||||||||
DPS | 0.69 | 0.75 | 1.11 | 1.20 | 1.50 | 1.50 | 2.25 | 4.00 | 5.00 | 5.00 | ||||||||||
Payout ratio | 0.22 | 0.22 | 0.21 | 0.22 | 0.25 | 0.58 | 0.29 | 0.30 | 0.33 | 0.33 |
Company Updates
Investor Presentation
Peers & Comparison
Consumer DiscretionaryFootwear
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Metro Brands Ltd | 75.70 | 16.50 | 0.44% |
Bata India Ltd | 65.30 | 11.23 | 0.90% |
Relaxo Footwears Ltd | 61.08 | 6.12 | 0.61% |
Liberty Shoes Ltd | 59.03 | 3.15 | — |
Price Comparison
Compare METROBRAND with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.23%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 2.4277% | Percentage of the fund’s portfolio invested in the stock 1.54% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 51/72 (-2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.4248% | Percentage of the fund’s portfolio invested in the stock 0.53% | Change in the portfolio weight of the stock over the last 3 months 0.12% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 61/67 (+2) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.3132% | Percentage of the fund’s portfolio invested in the stock 0.88% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 57/95 (+3) |
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Events
Dividend Trend
No Dividend Cuts
METROBRAND has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.44%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.37 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 6, 2024
Dividend/Share
₹2.25
Ex DateEx Date
Sep 6, 2024
Cash Dividend
Ex DateEx DateJan 31, 2024
Dividend/Share
₹2.75
Ex DateEx Date
Jan 31, 2024
Cash Dividend
Ex DateEx DateSep 1, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Sep 1, 2023
Cash Dividend
Ex DateEx DateJan 27, 2023
Dividend/Share
₹2.50
Ex DateEx Date
Jan 27, 2023
Cash Dividend
Ex DateEx DateAug 29, 2022
Dividend/Share
₹0.75
Ex DateEx Date
Aug 29, 2022
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
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
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
Metro Brands will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live
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
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
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
Metro Brands will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live
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
Metro Brands announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 14.44%, vs industry avg of 3.27%
Increasing Market Share
Over the last 5 years, market share increased from 12.14% to 20.32%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 22.78%, vs industry avg of 4.6%