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Metro Brands Ltd

METROBRAND

Metro Brands Ltd

METROBRAND
Consumer DiscretionaryFootwear
MidcapWith a market cap of ₹33,504 cr, stock is ranked 248
Moderate RiskStock is 2.83x as volatile as Nifty
1,242.100.82% (+10.05)
1,242.100.82% (+10.05)

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Consumer DiscretionaryFootwear
MidcapWith a market cap of ₹33,504 cr, stock is ranked 248
Moderate RiskStock is 2.83x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryFootwear
MidcapWith a market cap of ₹33,504 cr, stock is ranked 248
Moderate RiskStock is 2.83x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
81.4417.700.41%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.217.280.46%

Forecast & Ratings

Detailed Forecast 
53%
Analysts have suggested that investors can buy this stock

from 15 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.44%, vs industry avg of 3.32%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 12.14% to 20.32%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 22.78%, vs industry avg of 4.13%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue917.281,038.931,083.771,236.901,311.07878.541,401.572,181.512,427.522,430.08
Raw Materialssubtract400.58470.50512.03633.94582.18274.10680.561,028.491,010.891,656.91
Power & Fuel Costsubtract16.2516.7516.9318.5520.1714.6819.6126.8834.23
Employee Costsubtract69.4982.9897.47112.14126.76102.60121.24184.35227.95
Selling & Administrative Expensessubtract270.49309.80222.00161.47167.15111.41180.24271.02306.39
Operating & Other expensessubtract13.59-2.050.51-45.2336.05124.59-67.89-62.3977.67
Depreciation/Amortizationsubtract13.0116.0619.5293.65120.61121.84134.24181.01229.12234.88
Interest & Other Itemssubtract0.680.450.4134.2539.7344.8150.4363.0678.8981.17
Taxes & Other Itemssubtract48.2653.4275.8980.3161.6916.3171.55127.6449.8745.72
EPS3.203.435.245.575.902.577.8813.3115.1815.13
DPS0.690.751.111.201.501.502.254.005.004.25
Payout ratio0.220.220.210.220.250.580.290.300.330.28

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 20PDF
FY 2023

Annual report

PDF

Investor Presentation

May 23PDF
Jan 17PDF
Oct 21PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 1PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryFootwear

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Metro Brands Ltd81.2217.700.41%
Relaxo Footwears Ltd101.4210.160.37%
Bata India Ltd70.1112.050.84%
Liberty Shoes Ltd76.034.28

Price Comparison

Compare METROBRAND with any stock or ETF
Compare METROBRAND with any stock or ETF
METROBRAND
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding74.15%4.81%0.79%3.05%17.20%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun2.80%2.61%2.33%2.68%2.68%3.05%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Metro Brands Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
0.8622%0.56%0.01%62/71 (-5)
UTI Flexi Cap Fund - Growth - Direct Plan

Growth
0.3228%0.40%0.00%65/68 (-1)
UTI AMC LTD # UTI MF-UTI MID CAP FUND DIRECT PLAN GROWTH PLAN GROWTH

Growth
0.3088%0.82%-0.01%73/91 (-15)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

METROBRAND has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.06 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 6, 2024

Final
Final | Div/Share: ₹2.25

Dividend/Share

2.25

Ex DateEx Date

Sep 6, 2024

Cash Dividend

Ex DateEx DateJan 31, 2024

Interim
Interim | Div/Share: ₹2.75

Dividend/Share

2.75

Ex DateEx Date

Jan 31, 2024

Cash Dividend

Ex DateEx DateSep 1, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 1, 2023

Cash Dividend

Ex DateEx DateJan 27, 2023

Interim
Interim | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Jan 27, 2023

Cash Dividend

Ex DateEx DateAug 29, 2022

Final
Final | Div/Share: ₹0.75

Dividend/Share

0.75

Ex DateEx Date

Aug 29, 2022

News & Opinions
Corporate
Metro Brands to convene AGM

Metro Brands announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Metro Brands slides as Q1 PAT decline 3% YoY to Rs 92 cr

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

1 month agoCapital Market - Live
Earnings
Metro Brands consolidated net profit declines 1.18% in the June 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Metro Brands fixes record date for final dividend

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

1 month agoCapital Market - Live
Corporate
Metro Brands to announce Quarterly Result

Metro Brands will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

Metro Brands appoints Mohit Dhanjal as COO

1 month agoThe Hindu Businessline

Volumes soar at Metro Brands Ltd counter

2 months agoBusiness Standard

Kiri Industries Ltd leads gainers in ‘A’ group

2 months agoBusiness Standard
Moneycontrol Pro Ideas For Profit: Metro Brands | CNBC TV18
7 months agoCNBC-TV18

Metro Brands In Focus | Ask Profit | NDTV Profit

7 months agoBloomberg Quint