Metro Brands Ltd
The company is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category.Its a one-stop shop for of branded products for the entire family, including men, women, unisex, and children, and for every occasion, including casual and formal events.[1]
- Market Cap ₹ 31,448 Cr.
- Current Price ₹ 1,155
- High / Low ₹ 1,348 / 890
- Stock P/E 89.3
- Book Value ₹ 65.4
- Dividend Yield 0.48 %
- ROCE 19.5 %
- ROE 19.2 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 73.0%
Cons
- Stock is trading at 17.6 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 636 | 702 | 767 | 868 | 1,034 | 1,155 | 1,210 | 789 | 1,312 | 2,071 | 2,305 | 2,450 | 2,571 | |
| 520 | 577 | 632 | 722 | 818 | 925 | 867 | 608 | 906 | 1,403 | 1,598 | 1,700 | 1,792 | |
| Operating Profit | 116 | 125 | 135 | 146 | 216 | 230 | 343 | 181 | 407 | 668 | 707 | 750 | 779 |
| OPM % | 18% | 18% | 18% | 17% | 21% | 20% | 28% | 23% | 31% | 32% | 31% | 31% | 30% |
| 3 | 7 | 3 | 9 | 8 | 17 | 23 | 76 | 55 | 51 | 65 | 94 | 104 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 39 | 44 | 50 | 63 | 78 | 90 | 101 |
| Depreciation | 11 | 12 | 13 | 16 | 19 | 22 | 120 | 121 | 134 | 178 | 228 | 257 | 282 |
| Profit before tax | 108 | 120 | 125 | 139 | 205 | 224 | 207 | 91 | 278 | 479 | 466 | 496 | 500 |
| Tax % | 34% | 34% | 34% | 34% | 34% | 34% | 27% | 20% | 25% | 26% | 10% | 30% | |
| 72 | 79 | 82 | 92 | 135 | 148 | 152 | 73 | 208 | 354 | 418 | 350 | 352 | |
| EPS in Rs | 48.64 | 53.84 | 55.71 | 62.13 | 91.78 | 11.14 | 11.44 | 2.73 | 7.65 | 13.03 | 15.37 | 12.84 | 12.94 |
| Dividend Payout % | 23% | 22% | 22% | 22% | 22% | 22% | 26% | 55% | 29% | 31% | 33% | 156% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 23% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 21% |
| 3 Years: | 23% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 133 | 133 | 133 | 136 | 136 | 136 | 136 | 136 |
| Reserves | 256 | 314 | 374 | 441 | 547 | 532 | 647 | 672 | 1,102 | 1,378 | 1,699 | 1,543 | 1,646 |
| 0 | 0 | 0 | 0 | 0 | 0 | 536 | 566 | 692 | 938 | 1,098 | 1,227 | 1,439 | |
| 108 | 103 | 99 | 150 | 164 | 219 | 190 | 242 | 324 | 376 | 356 | 364 | 486 | |
| Total Liabilities | 379 | 431 | 488 | 606 | 726 | 884 | 1,506 | 1,612 | 2,255 | 2,828 | 3,289 | 3,271 | 3,706 |
| 67 | 122 | 134 | 170 | 183 | 222 | 705 | 722 | 847 | 1,286 | 1,476 | 1,597 | 1,806 | |
| CWIP | 2 | 0 | 1 | 4 | 6 | 4 | 13 | 5 | 6 | 18 | 9 | 9 | 18 |
| Investments | 79 | 37 | 77 | 96 | 184 | 208 | 346 | 397 | 398 | 496 | 765 | 552 | 650 |
| 232 | 272 | 277 | 336 | 352 | 450 | 443 | 488 | 1,004 | 1,028 | 1,039 | 1,112 | 1,232 | |
| Total Assets | 379 | 431 | 488 | 606 | 726 | 884 | 1,506 | 1,612 | 2,255 | 2,828 | 3,289 | 3,271 | 3,706 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 157 | 107 | 272 | 244 | 218 | 372 | 585 | 687 | ||||
| -84 | -93 | -67 | -161 | -116 | -299 | -47 | -250 | 129 | ||||
| 0 | -53 | -44 | -112 | -116 | 118 | -355 | -319 | -768 | ||||
| Net Cash Flow | -1 | 10 | -4 | -1 | 12 | 38 | -30 | 16 | 48 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 1 | 2 | 2 | 3 | 2 | 10 | 6 | 8 | 6 | 7 |
| Inventory Days | 196 | 215 | 219 | 219 | 207 | 234 | 221 | 295 | 278 | 265 | 266 | 223 |
| Days Payable | 77 | 85 | 77 | 86 | 104 | 127 | 107 | 210 | 140 | 120 | 96 | 79 |
| Cash Conversion Cycle | 120 | 131 | 144 | 134 | 105 | 110 | 117 | 95 | 144 | 153 | 176 | 151 |
| Working Capital Days | 54 | 73 | 70 | 57 | 47 | 56 | 33 | 13 | 33 | 47 | 47 | 52 |
| ROCE % | 40% | 35% | 32% | 40% | 37% | 25% | 10% | 20% | 24% | 20% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Oct - Group analyst/institutional investor meetings scheduled Nov 5, Nov 13, Nov 18, 2025 (physical).
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Oct - Analyst/institutional investor meetings scheduled Nov 5, Nov 13, Nov 18, 2025 (B&K, Anand Rathi, Avendus).
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Oct
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Oct - Metro Brands launches MetroActiv Oct 30, 2025; stores in Indore, Jodhpur, Dehradun; metroactiv.com; 3k–6k sq.ft.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 Oct - Transcript of the Investor Call on Unaudited Financial Results (Consolidated and Standalone) for the Quarter and half year ended September 30, 2025.
Annual reports
Concalls
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Oct 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Feb 2024TranscriptPPT
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
Network as of 9MFY25[1]
Store Formats: 8
Stores: 895 (57 stores added in 9MFY25)
States: 31
Cities: 203
Loyalty membership: 16+ mn
Vendors: 250