Metro Brands Ltd

Metro Brands Ltd

₹ 1,250 1.22%
11 Jun - close price
About

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]

Key Points

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

  • Market Cap 34,048 Cr.
  • Current Price 1,250
  • High / Low 1,430 / 890
  • Stock P/E 97.1
  • Book Value 62.8
  • Dividend Yield 0.40 %
  • ROCE 20.0 %
  • ROE 19.6 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 72.8%

Cons

  • Stock is trading at 19.9 times its book value
  • Working capital days have increased from 104 days to 160 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
403 508 476 599 544 583 556 636 583 576 585 703 643
273 325 329 394 401 396 400 437 424 396 431 478 446
Operating Profit 130 183 147 205 144 187 155 199 159 180 155 225 197
OPM % 32% 36% 31% 34% 26% 32% 28% 31% 27% 31% 26% 32% 31%
13 9 12 15 19 14 16 16 26 23 23 24 23
Interest 15 13 15 17 18 18 20 20 20 21 22 23 24
Depreciation 35 39 41 50 50 54 57 59 59 60 62 66 70
Profit before tax 94 140 103 152 95 128 95 136 105 123 94 160 126
Tax % 27% 25% 25% 26% 28% 28% 29% 28% -48% 25% 24% 41% 24%
70 106 78 113 69 94 68 99 156 92 72 95 95
EPS in Rs 2.53 3.86 2.81 4.12 2.52 3.42 2.45 3.60 5.71 3.37 2.56 3.48 3.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
668 732 803 910 1,075 1,217 1,285 800 1,343 2,127 2,357 2,507
546 600 663 758 848 880 930 625 930 1,447 1,653 1,750
Operating Profit 122 132 140 152 227 337 355 175 412 680 704 757
OPM % 18% 18% 17% 17% 21% 28% 28% 22% 31% 32% 30% 30%
3 6 7 9 8 19 23 76 55 53 66 95
Interest 1 1 1 0 0 34 40 45 50 63 79 90
Depreciation 11 12 13 16 20 94 121 122 134 181 229 258
Profit before tax 113 125 133 144 215 228 218 85 283 489 462 504
Tax % 34% 34% 34% 35% 34% 34% 27% 23% 25% 26% 11% 30%
75 82 87 95 142 153 161 65 214 365 415 354
EPS in Rs 50.63 55.83 57.67 61.80 94.39 11.13 11.80 2.57 7.79 13.30 15.17 12.88
Dividend Payout % 22% 21% 22% 22% 21% 22% 25% 58% 29% 30% 33% 155%
Compounded Sales Growth
10 Years: 13%
5 Years: 14%
3 Years: 23%
TTM: 6%
Compounded Profit Growth
10 Years: 16%
5 Years: 17%
3 Years: 18%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: 10%
Return on Equity
10 Years: 21%
5 Years: 21%
3 Years: 23%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 15 15 15 15 133 133 133 136 136 136 136
Reserves 260 318 381 449 562 517 675 695 1,129 1,412 1,728 1,573
7 8 3 3 6 424 549 567 692 943 1,098 1,227
118 114 118 170 189 247 261 265 348 416 391 398
Total Liabilities 399 455 517 636 772 1,322 1,617 1,659 2,305 2,906 3,353 3,334
68 122 135 172 185 593 708 724 848 1,302 1,482 1,603
CWIP 2 0 1 4 6 4 13 5 6 18 9 8
Investments 78 37 76 83 185 210 348 400 401 478 750 550
251 296 305 377 397 515 548 532 1,050 1,109 1,111 1,173
Total Assets 399 455 517 636 772 1,322 1,617 1,659 2,305 2,906 3,353 3,334

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
82 155 196 273 265 220 381 590 698
-83 -94 -67 -163 -122 -301 -52 -251 122
-1 -50 -132 -112 -127 116 -359 -323 -773
Net Cash Flow -1 10 -4 -1 16 35 -30 16 47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 10 11 10 13 13 16 20 23 13 18 12 13
Inventory Days 209 230 218 221 214 243 241 293 284 276 274 219
Days Payable 85 92 82 89 108 129 129 207 141 126 99 78
Cash Conversion Cycle 134 148 146 145 119 129 132 109 155 168 186 155
Working Capital Days 59 79 75 66 57 68 69 61 67 78 75 160
ROCE % 39% 36% 32% 40% 31% 21% 9% 20% 24% 20% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.27% 74.26% 74.20% 74.20% 74.20% 74.20% 74.17% 74.16% 74.16% 71.95% 71.93% 71.88%
3.24% 3.28% 3.22% 2.80% 2.61% 2.33% 2.69% 2.68% 3.05% 3.39% 3.43% 3.46%
4.88% 4.73% 4.93% 5.29% 5.72% 6.10% 5.98% 6.02% 5.59% 7.00% 7.18% 7.36%
17.61% 17.73% 17.65% 17.72% 17.45% 17.36% 17.16% 17.13% 17.19% 17.64% 17.47% 17.30%
No. of Shareholders 67,28267,73266,86067,78563,45162,69058,87262,65364,47071,25868,34267,176

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls