Metro Brands Ltd
METROBRANDMetro Brands Ltd
METROBRAND
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 84.34 | 18.45 | 0.39% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 39.16 | 6.81 | 0.72% |
Forecast & Ratings
Detailed Forecast from 19 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.
Investor Presentation
View olderPeers
Compare with peersBata India Ltd
Relaxo Footwears Ltd
Liberty Shoes Ltd
Khadim India Ltd
Sreeleathers Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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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 | 2,467.04 | ||||||||||
Raw Materials | 400.58 | 470.50 | 512.03 | 633.94 | 582.18 | 274.10 | 680.56 | 1,028.49 | 1,010.89 | 1,687.21 | ||||||||||
| 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 | 779.83 | ||||||||||
| Depreciation/Amortization | 13.01 | 16.06 | 19.52 | 93.65 | 120.61 | 121.84 | 134.24 | 181.01 | 229.12 | 240.14 | ||||||||||
| PBIT | 133.87 | 144.89 | 215.31 | 262.38 | 258.15 | 129.32 | 333.57 | 552.15 | 541.27 | 539.69 | ||||||||||
| Interest & Other Items | 0.68 | 0.45 | 0.41 | 34.25 | 39.73 | 44.81 | 50.43 | 63.06 | 78.89 | 83.28 | ||||||||||
| PBT | 133.19 | 144.44 | 214.90 | 228.13 | 218.42 | 84.51 | 283.14 | 489.09 | 462.38 | 456.41 | ||||||||||
| Taxes & Other Items | 48.26 | 53.42 | 75.89 | 80.31 | 61.69 | 16.31 | 71.55 | 127.64 | 49.87 | 42.15 | ||||||||||
| Net Income | 84.93 | 91.02 | 139.01 | 147.82 | 156.73 | 68.20 | 211.59 | 361.45 | 412.51 | 414.26 | ||||||||||
| EPS | 3.20 | 3.43 | 5.24 | 5.57 | 5.90 | 2.57 | 7.88 | 13.31 | 15.18 | 15.23 | ||||||||||
| 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
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Metro Brands Ltd | 84.69 | 18.45 | 0.39% |
| Bata India Ltd | 67.57 | 11.62 | 0.87% |
| Relaxo Footwears Ltd | 79.24 | 7.94 | 0.47% |
| Liberty Shoes Ltd | 78.22 | 4.17 | — |
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 2.20%
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
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.45%
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) |
|---|---|---|---|---|
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2220% | Percentage of the fund’s portfolio invested in the stock 1.51% | Change in the portfolio weight of the stock over the last 3 months 0.95% | 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 48/78 (+12) |
UTI Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3012% | Percentage of the fund’s portfolio invested in the stock 0.41% | Change in the portfolio weight of the stock over the last 3 months 0.01% | 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 65/69 (-1) |
UTI AMC LTD # UTI MF-UTI MID CAP FUND DIRECT PLAN GROWTH PLAN GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2867% | Percentage of the fund’s portfolio invested in the stock 0.85% | 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 76/92 (+5) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
METROBRAND has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.39%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.89 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
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
Revenue from operations decline marginally to Rs 563.21 crore in the June quarter from Rs 564.41 crore recorded in the corresponding quarter previous year. Profit before tax in Q1 FY25 was at Rs 122.97 crore, down 6.6% as against Rs 131.66 crore reported in the same period a year ago. EBITDA declined 4.8% year on year to Rs 180 crore in the quarter ended 30 June 2024. EBITDA margin reduced to 32% as compared to 33.6% registered in Q1 FY24. Ecommerce sales (including omni-channel) for the quarter stood at Rs 58 crore, with 10.4% contribution to the total revenue. During Q1 FY25, Metro Brands maintained a stable gross profit margin of 60% and PAT margin of 16% demonstrating resilience and efficient operational control. This was despite significantly lower wedding dates this quarter compared to Q1 of last year, loss of business days to support the elections and subdued footfall due to intense heatwave which resulted in muted Y-o-Y growth. With 15 net store additions during this quarter, the company is on track to open 100 stores this year and expects to open the first Foot Locker store in the third quarter of fiscal year 2025, it added. Nissan Joseph, CEO of Metro Brands, stated, Considering the double-digit Y-o-Y growth in Q1 over the past two years, along with the industry seasonal headwinds, the recent quarter was indeed challenging. Our ability to maintain stable profitability and drive operational efficiency during such a period is commendable. Equally, we are excited about adding talent in our team and the upcoming opportunities including the launch of Foot Locker and the signing up of New Era, establishing our increasing foothold in the sports and athleisure category. 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 1.18% to Rs 91.73 crore in the quarter ended June 2024 as against Rs 92.83 crore during the previous quarter ended June 2023. Sales declined 1.11% to Rs 576.08 crore in the quarter ended June 2024 as against Rs 582.52 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales576.08582.52 -1 OPM %31.3132.03 - PBDT182.96182.46 0 PBT122.95128.21 -4 NP91.7392.83 -1 Powered by Capital Market - Live
Metro Brands has fixed 06 September 2024 as record date for the purpose of ascertaining the eligibility of Shareholders for payment of Final Dividend for the Financial Year 2023-24.Powered by Capital Market - Live
Metro Brands will hold a meeting of the Board of Directors of the Company on 9 August 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%