Metro Brands Ltd Stock Analysis

BSE: 543426 | NSE: METROBRAND | Retailing | Mid Cap

BSE Share Price 29-Sep-2023 18:02
1127.85 40.95 (3.77%)

DeciZen - Make an Informed Decision on Metro Brands

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Metro Brands Price Chart

P/E Ratio (SA):
81.47
Market Cap:
30,647.6 Cr.
52-wk low:
737
52-wk high:
1,147.8
Bole Toh?

1. Is Metro Brands Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Metro Brands Ltd is a good quality company.

2. Is Metro Brands Ltd undervalued or overvalued?

The key valuation ratios of Metro Brands Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Metro Brands Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Metro Brands Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Metro Brands:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Metro Brands Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 29.6%26.1%22.9%20.8%26.2%24.2%25%12.9%23.7%29.7%-
Value Creation Index 1.61.31.00.91.31.21.20.10.81.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6367027678681,0341,1551,2107891,3122,0522,110
YoY Gr. Rt. %-10.4%9.3%13.1%19.1%11.7%4.7%-34.8%66.4%56.3%-
Adj EPS 2.733.13.355.65.82.77.613.513.8
YoY Gr. Rt. %-8.1%4.8%7.1%52%11.1%3.4%-53.8%185.4%77.7%-
BVPS (₹) 10.212.414.617.221.22529.430.345.55659.9
Adj Net Profit 72.278.181.987.713314815370.9207368376
Cash Flow from Ops. 57.260.483.382.6157107272244218410-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.9%14.7%19.3%56.3%
Adj EPS 19.5%21.9%32.8%77.7%
BVPS20.8%21.5%24%23.2%
Share Price - - - 23.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 29.626.122.920.826.224.221.2920.326.623.9
Op. Profit Mgn % 18.217.817.616.820.919.928.422.93133.232.9
Net Profit Mgn % 11.411.110.710.112.912.812.7915.817.917.8
Debt to Equity 0000000000-
Working Cap Days 961061061161131231111611161120
Cash Conv. Cycle 323536473428172219240

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.90%

Sales growth is growing at healthy rate in last 3 years 19.26%

Net Profit is growing at healthy rate in last 3 years 32.81%

Sales growth is good in last 4 quarters at 27.56%

No data to display

Latest Financials - Metro Brands Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 12.9
TTM Sales (₹ Cr.) 2,110 2,202
BVPS (₹.) 59.9 60
Reserves (₹ Cr.) 1,492 1,494
P/BV 18.82 18.80
PE 81.47 87.68
From the Market
52 Week Low / High (₹) 737.00 / 1147.80
All Time Low / High (₹) 426.10 / 1132.80
Market Cap (₹ Cr.) 30,648
Equity (₹ Cr.) 135.9
Face Value (₹) 5
Industry PE 87

Management X-Ray of Metro Brands :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Metro Brands

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Metro Brands Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Metro Brands on 29-Sep-2023 18:02 is : 1,127.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2023 18:02 the market cap of Metro Brands stood at ₹ 30,647.6.
The latest PE ratio of Metro Brands as of 29-Sep-2023 18:02 is 81.47.
The latest PB ratio of Metro Brands as of 29-Sep-2023 18:02 is 18.82
The 52-week high of Metro Brands is ₹ 1,147.8 and the 52-week low is ₹ 737.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Metro Brands is ₹ 2,110 ( Cr.) .

About Metro Brands Ltd

Metro Brands is one of the largest Indian footwear speciality retailers, and is among the aspirational Indian brands in the footwear category. It opened its first store under the Metro brand in Mumbai in 1955, and has since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. The company retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands. These brands have a pan-India appeal across regions. It also offers accessories such as belts, bags, socks, masks and wallets, at its stores. It also retail footcare and shoe-care products at its stores through its joint venture, M.V. Shoe Care, making it a ‘one-stop-shop’ for all footwear and related accessories to its customers.

The company endeavour to drive its sales through a strong focus on product assortment – a Theory-of-Constraints (TOC) method for its supply chain, offering greater availability and reducing stock-outs. This is coupled with an incentive-based remuneration system for its front-end and backend sales staff. The company operates on an asset light model with third-party manufacturing through long-standing vendor relationships, optimum store size and layout, and long-term lease arrangements. It introduces new designs frequently through its vendor engagements based on its combined understanding of prevailing trends and regional sensitivity. To efficiently manage inventory for its wide range of products, it follow a pull model for product availability at its stores where product placement is led by a demand driven inventory replenishment method. This helps it ensure optimum inventory management and accessibility to the latest products.

Business area of the company

The company is one of the largest Indian footwear speciality retailers, and is among the aspirational Indian brands in the footwear category.

Key awards, accreditations or recognitions

  • 2011: ‘Emerging Retailer of the Year’ award at the ET Retail Awards by The Economic Times.
  • 2012: ‘Retailer of the Year (Footwear Non Apparel)’ award at the Asian Retail Leadership Awards.
  • 2013: ‘Most Popular Youth Brand (footwear)’ award at the Global Youth Marketing Awards.
  • 2014: ‘Footwear Brand with Outstanding e-Retail Performance’ at the Indian e-Retail Awards by Franchise India.
  • 2015: ‘Most Admired Multi-Brand Footwear Retail Chain of the Year - Metro” at the India Shoes and Accessories Awards.
  • 2016: ‘Most Admired Multi-Brand Retail Chain of the Year - Mochi’ at the India Shoes and Accessories Awards.
  • 2017: ‘Footwear Retailer of the Year’ award at the 12th Annual Star Retailer Awards.
  • 2017: ‘Shining Star Commercial Partner of the Year 2017’ award received by our store at Indira Gandhi International Airport, New Delhi at the GMR Airport Awards 2017 by the GMR Group.
  • 2017: ‘Most Preferred Woman’s Brand’- 4th World Women Leadership Congress Awards by Femina.
  • 2018: ‘Retailer of the Year (Non-Apparel / Footwear)’ at the ET Global Awards for Retail Excellence by ET Now.
  • 2019: ‘Family Business of the Year - Emerging Companies’ award by The Economic Times.
  • 2021: ‘Best Footwear Brand 2021’ award at the India’s Retail Champions Awards, supported by the Retailers Association of India.

Major events and milestones

  • 1977: Incorporation of the Company.
  • 2000: The Company opened the first ‘Mochi’ branded MBO.
  • 2009: The Company launched the ‘Walkway’ format (previously ‘MSL - More Shoes for Less’).
  • 2010: The Company launched the e-commerce platform and it reached a target of 100 stores.
  • 2012: The Company reached a target of 200 stores.
  • 2015: The Company tied-up with the brand ‘CrocsTM’.
  • 2020: The Company reached a target of 550 stores.
  • 2021: The Company tied with the brand ‘Fitflop’.
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