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 ₹ 28,636 Cr.
- Current Price ₹ 1,051
- High / Low ₹ 1,340 / 883
- Stock P/E 69.6
- Book Value ₹ 73.1
- Dividend Yield 0.52 %
- ROCE 20.2 %
- ROE 22.2 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 76.0%
Cons
- Stock is trading at 14.4 times its book value
- Working capital days have increased from 85.8 days to 147 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 732 | 803 | 910 | 1,075 | 1,217 | 1,285 | 800 | 1,343 | 2,127 | 2,357 | 2,507 | 2,864 | |
| 600 | 663 | 758 | 848 | 880 | 930 | 625 | 930 | 1,447 | 1,653 | 1,748 | 1,996 | |
| Operating Profit | 132 | 140 | 152 | 227 | 337 | 355 | 175 | 412 | 680 | 704 | 759 | 867 |
| OPM % | 18% | 17% | 17% | 21% | 28% | 28% | 22% | 31% | 32% | 30% | 30% | 30% |
| 6 | 7 | 9 | 8 | 19 | 23 | 76 | 55 | 53 | 69 | 93 | 106 | |
| Interest | 1 | 1 | 0 | 0 | 34 | 40 | 45 | 50 | 63 | 79 | 90 | 111 |
| Depreciation | 12 | 13 | 16 | 20 | 94 | 121 | 122 | 134 | 181 | 229 | 258 | 311 |
| Profit before tax | 125 | 133 | 144 | 215 | 228 | 218 | 85 | 283 | 489 | 465 | 504 | 551 |
| Tax % | 34% | 34% | 35% | 34% | 34% | 27% | 23% | 25% | 26% | 11% | 30% | 25% |
| 82 | 87 | 95 | 142 | 153 | 161 | 65 | 214 | 365 | 415 | 354 | 416 | |
| EPS in Rs | 55.83 | 57.67 | 61.80 | 94.39 | 11.13 | 11.80 | 2.57 | 7.79 | 13.30 | 15.17 | 12.88 | 15.09 |
| Dividend Payout % | 21% | 22% | 22% | 21% | 22% | 25% | 58% | 29% | 30% | 33% | 155% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 29% |
| 3 Years: | 10% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 44% |
| 3 Years: | 5% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 318 | 381 | 449 | 562 | 517 | 675 | 695 | 1,129 | 1,412 | 1,728 | 1,573 | 1,857 |
| 8 | 3 | 3 | 6 | 424 | 549 | 567 | 692 | 943 | 1,098 | 1,227 | 1,570 | |
| 114 | 118 | 170 | 189 | 247 | 261 | 265 | 348 | 416 | 391 | 398 | 452 | |
| Total Liabilities | 455 | 517 | 636 | 772 | 1,322 | 1,617 | 1,659 | 2,305 | 2,906 | 3,353 | 3,334 | 4,015 |
| 122 | 135 | 172 | 185 | 593 | 708 | 724 | 848 | 1,302 | 1,482 | 1,602 | 1,989 | |
| CWIP | 0 | 1 | 4 | 6 | 4 | 13 | 5 | 6 | 18 | 9 | 9 | 14 |
| Investments | 37 | 76 | 83 | 185 | 210 | 348 | 400 | 401 | 478 | 750 | 550 | 673 |
| 296 | 305 | 377 | 397 | 515 | 548 | 532 | 1,050 | 1,109 | 1,111 | 1,173 | 1,340 | |
| Total Assets | 455 | 517 | 636 | 772 | 1,322 | 1,617 | 1,659 | 2,305 | 2,906 | 3,353 | 3,334 | 4,015 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 155 | 196 | 273 | 265 | 220 | 381 | 590 | 698 | 474 | |||
| -83 | -94 | -67 | -163 | -122 | -301 | -52 | -251 | 122 | -100 | |||
| -1 | -50 | -132 | -112 | -127 | 116 | -359 | -323 | -773 | -436 | |||
| Net Cash Flow | -1 | 10 | -4 | -1 | 16 | 35 | -30 | 16 | 47 | -62 | ||
| Free Cash Flow | 24 | 121 | 137 | 229 | 241 | 172 | 289 | 479 | 611 | 335 | ||
| CFO/OP | 87% | 98% | 82% | 94% | 163% | 71% | 77% | 96% | 110% | 70% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 11 | 10 | 13 | 13 | 16 | 20 | 23 | 13 | 18 | 12 | 13 | 13 |
| Inventory Days | 230 | 218 | 221 | 214 | 243 | 241 | 293 | 284 | 276 | 274 | 228 | 259 |
| Days Payable | 92 | 82 | 89 | 108 | 129 | 129 | 207 | 141 | 126 | 99 | 81 | 84 |
| Cash Conversion Cycle | 148 | 146 | 145 | 119 | 129 | 132 | 109 | 155 | 168 | 186 | 160 | 188 |
| Working Capital Days | 79 | 75 | 66 | 55 | 65 | 43 | 25 | 41 | 56 | 52 | 58 | 147 |
| ROCE % | 39% | 36% | 32% | 40% | 31% | 21% | 9% | 20% | 24% | 20% | 19% | 20% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Crocs EBO Store Count stores |
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| E-commerce Revenue % of Total Revenue % of total revenue ・Standalone data |
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| Net Store Additions stores |
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| Own Brand Mix % at MBOs % of total store product sales ・Standalone data |
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| Revenue per Square Foot INR per sq ft |
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| Total Store Count stores |
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| Loyalty Membership million members |
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| Number of Cities cities |
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| Average Realization Per Unit INR per unit ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jul - Metro Brands filed Regulation 74(5) demat/remat compliance certificate for quarter ended June 30, 2026.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
3 Jul - Allotment of 3,873 Equity Shares under the Metro Stock Option Plan.
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Change in Management
23 Jun - Manoj Juneja appointed Chief Business Officer, Sports Division, effective June 23, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
22 Jun - Metro Brands appoints Atul Sinha as President and Senior Management Personnel effective June 22, 2026.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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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 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2022TranscriptAI SummaryPPT
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Aug 2022Transcript PPT
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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