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 ₹ 28,186 Cr.
- Current Price ₹ 1,032
- High / Low ₹ 1,340 / 883
- Stock P/E 70.4
- Book Value ₹ 71.6
- Dividend Yield 0.53 %
- ROCE 20.0 %
- ROE 22.0 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 76.4%
Cons
- Stock is trading at 14.4 times its book value
- Working capital days have increased from 80.1 days to 142 days
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Footwear
Part of BSE Consumer Discretionary BSE 1000 Nifty Smallcap 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 702 | 767 | 868 | 1,034 | 1,155 | 1,210 | 789 | 1,312 | 2,071 | 2,305 | 2,450 | 2,797 | |
| 577 | 632 | 722 | 818 | 925 | 867 | 608 | 906 | 1,403 | 1,598 | 1,700 | 1,943 | |
| Operating Profit | 125 | 135 | 146 | 216 | 230 | 343 | 181 | 407 | 668 | 707 | 750 | 854 |
| OPM % | 18% | 18% | 17% | 21% | 20% | 28% | 23% | 31% | 32% | 31% | 31% | 31% |
| 7 | 3 | 9 | 8 | 17 | 23 | 76 | 55 | 51 | 65 | 94 | 100 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 39 | 44 | 50 | 63 | 78 | 90 | 111 |
| Depreciation | 12 | 13 | 16 | 19 | 22 | 120 | 121 | 134 | 178 | 228 | 257 | 310 |
| Profit before tax | 120 | 125 | 139 | 205 | 224 | 207 | 91 | 278 | 479 | 466 | 496 | 533 |
| Tax % | 34% | 34% | 34% | 34% | 34% | 27% | 20% | 25% | 26% | 10% | 30% | 25% |
| 79 | 82 | 92 | 135 | 148 | 152 | 73 | 208 | 354 | 418 | 350 | 400 | |
| EPS in Rs | 53.84 | 55.71 | 62.13 | 91.78 | 11.14 | 11.44 | 2.73 | 7.65 | 13.03 | 15.37 | 12.84 | 14.69 |
| Dividend Payout % | 22% | 22% | 22% | 22% | 22% | 26% | 55% | 29% | 31% | 33% | 156% | 41% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 29% |
| 3 Years: | 11% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 41% |
| 3 Years: | 5% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 133 | 133 | 133 | 136 | 136 | 136 | 136 | 136 |
| Reserves | 314 | 374 | 441 | 547 | 532 | 647 | 672 | 1,102 | 1,378 | 1,699 | 1,543 | 1,817 |
| 0 | 0 | 0 | 0 | 0 | 536 | 566 | 692 | 938 | 1,098 | 1,227 | 1,570 | |
| 103 | 99 | 150 | 164 | 219 | 190 | 242 | 324 | 376 | 356 | 364 | 413 | |
| Total Liabilities | 431 | 488 | 606 | 726 | 884 | 1,506 | 1,612 | 2,255 | 2,828 | 3,289 | 3,271 | 3,936 |
| 122 | 134 | 170 | 183 | 222 | 705 | 722 | 847 | 1,286 | 1,476 | 1,597 | 1,984 | |
| CWIP | 0 | 1 | 4 | 6 | 4 | 13 | 5 | 6 | 18 | 9 | 9 | 14 |
| Investments | 37 | 77 | 96 | 184 | 208 | 346 | 397 | 398 | 496 | 765 | 552 | 675 |
| 272 | 277 | 336 | 352 | 450 | 443 | 488 | 1,004 | 1,028 | 1,039 | 1,112 | 1,263 | |
| Total Assets | 431 | 488 | 606 | 726 | 884 | 1,506 | 1,612 | 2,255 | 2,828 | 3,289 | 3,271 | 3,936 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 157 | 107 | 272 | 244 | 218 | 372 | 585 | 687 | 476 | |||
| -84 | -93 | -67 | -161 | -116 | -299 | -47 | -250 | 129 | -100 | |||
| 0 | -53 | -44 | -112 | -116 | 118 | -355 | -319 | -768 | -436 | |||
| Net Cash Flow | -1 | 10 | -4 | -1 | 12 | 38 | -30 | 16 | 48 | -60 | ||
| Free Cash Flow | 25 | 124 | 49 | 229 | 219 | 171 | 280 | 470 | 600 | 337 | ||
| CFO/OP | 88% | 102% | 79% | 96% | 146% | 71% | 77% | 94% | 109% | 71% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 2 | 2 | 3 | 2 | 10 | 6 | 8 | 6 | 7 | 6 |
| Inventory Days | 215 | 219 | 219 | 207 | 234 | 221 | 295 | 278 | 265 | 266 | 223 | 263 |
| Days Payable | 85 | 77 | 86 | 104 | 127 | 107 | 210 | 140 | 120 | 96 | 79 | 86 |
| Cash Conversion Cycle | 131 | 144 | 134 | 105 | 110 | 117 | 95 | 144 | 153 | 176 | 151 | 184 |
| Working Capital Days | 73 | 70 | 57 | 47 | 56 | 33 | 13 | 33 | 47 | 47 | 52 | 142 |
| ROCE % | 40% | 35% | 32% | 40% | 37% | 25% | 10% | 20% | 24% | 20% | 20% | 20% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Average Realization per Pair INR |
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| Revenue Contribution of In-house Brands (MBO) Percentage |
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| Revenue per Square Foot INR |
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| Total Store Count Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1h - Metro Brands held an investor meeting with Bank of America India Consumer Group and institutional investors on June 4, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Jun - Metro Brands held an investor meet on June 1, 2026 with Axis Capital and institutional investors.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Metro Brands held an investor meet with J.P. Morgan India Consumer CEO Group on May 29, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 May - Metro Brands held investor meetings on May 27, 2026 at Trinity India 2026 with 360 ONE Capital, UTI MF, Invesco MF and Bow Head.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 May - Metro Brands schedules investor meets on June 1, 4 and 8, 2026 with Axis Capital, Bank of America and ICICI Securities.
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
Network as of Q2 FY26[1][2]
Store Formats: 8
Stores: 966
States: 31
Cities: 211 (expanded 6 new cities H1 FY26)
Loyalty membership: 18+ mn
Vendors: 250