MoneyWorks4Me

Metro Brands Ltd (METROBRAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543426 NSE: METROBRAND Retailing | Small Cap | Metro Brands Share Price

₹950.50 5.15 (0.54%)

As on 17-Sep'26 16:59

Metro Brands Ltd (METROBRAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543426 NSE: METROBRAND Retailing | Small Cap | Metro Brands Share Price

₹950.50 5.15 (0.54%)

As on 17-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹25,771 Cr.
Current Price
₹950.5
52-Week Low / High
₹883 / 1,340
TTM EPS
₹14.9
TTM Sales
₹2,956 Cr.
Book Value per Share
₹75.5
P/E Ratio
63.41
Lower than its 5-year historical median
Industry PE
62.4
Price to Book (P/B)
12.52
Lower than its 5-year historical median
Price to Sales (P/S)
8.72
Lower than its 5-year historical median
EV/EBITDA
25.99
Lower than its 5-year historical median
Dividend Yield
0.63%
Profitability Efficiency
Return on Equity (ROE)
22.80%
Outperforms industry median
Return on Capital Employed (ROCE)
35.77%
Outperforms industry median
Return on Assets (ROA)
11.44%
Operating Profit Margin
30.5%
Net Profit Margin
14.52%
Gross Profit Margin
26.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.19%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
14.52%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
17.33%
Asset Quality
Promoter Holding
71.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,923 Cr.
Equity
₹136.3 Cr.
Face Value
₹5
All Time Low / High
₹426.10 / 1440.45

Metro Brands stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Metro Brands Ltd a good quality company?
Metro Brands Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Metro Brands Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Metro Brands Ltd vs industry peers?
Metro Brands Ltd revenue CAGR is 29.05%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Metro Brands Ltd?
Promoters hold 71.80% of the Metro Brands Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Metro Brands Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -4.42% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 32.9%40.2%36.6%34.1%17.1%32.1%39.4%32.5%33.4%35.5%-
Value Creation
Index
1.92.62.32.00.51.42.51.92.02.2-

Growth Parameters

Sales 8681,0341,1551,2107891,3122,0712,3052,4502,7972,884
Sales YoY Gr.-19.1%11.7%4.7%-34.8%66.4%57.8%11.3%6.3%14.2%-
Adj EPS 3.355.65.82.77.612.815.412.414.614.5
YoY Gr.-52%11.1%3.4%-53.8%185.4%68.4%19.6%-19%17.8%-
BVPS (₹) 17.221.22529.430.345.555.366.760.770.673.9
Adj Net
Profit
87.713314815370.9207349417338399395
Cash Flow from Ops. 82.6157107272244218372585687476-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.9%28.8%10.5%14.2%
Adj EPS 18%40.5%4.5%17.8%
BVPS17%18.4%8.5%16.2%
Share Price - - -4.2% -28%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
20.826.224.221.2920.325.424.919.32220.1
Op. Profit
Mgn %
16.820.919.928.422.93132.330.730.730.730.2
Net Profit
Mgn %
10.112.912.812.7915.816.818.113.814.313.7
Debt to
Equity
0000000000-
Working Cap
Days
116113123111161116107118120123112
Cash Conv.
Cycle
4835302026202940415069

Valuation of Metro Brands - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales9071,0751,2171,2858001,3432,1272,3572,5072,864
Operating Expenses + 7538499739326279341,4481,6571,7501,996
Manufacturing Costs3524275238497491105121
Material Costs4374765495713605668929881,0611,205
Employee Cost 8297112127103121184228245280
Other Costs 199252285183126198298350339390
Operating Profit 155226244353173409679700757867
Operating Profit Margin (%) 17.1%21.0%20.1%27.5%21.6%30.5%31.9%29.7%30.2%30.3%
Other Income + 10917267859547193104
Exceptional Items 0000000000
Interest 001404550637990111
Depreciation 162023121122134181229258311
Profit Before Tax 14821523821885283489465504551
Tax 51738159197012650149135
Profit After Tax 9814215816065213363415354416
PAT Margin (%) 10.8%13.2%13.0%12.4%8.2%15.9%17.1%17.6%14.1%14.5%
Adjusted EPS (₹)3.65.25.85.92.67.813.315.212.915.1
Dividend Payout Ratio (%)21%17.50%20.60%25.40%58.40%28.90%30.10%33%155.30%39.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4685776878078281,2611,5371,8431,6841,964
Share Capital 1515133133133136136136136136
Reserves 4535625546746951,1261,4011,7071,5481,828
Debt +361012102000
Long Term Debt0000000000
Short Term Debt361012102000
Minority Interest11152023202226292934
Trade Payables108141193201205211295257226278
Others Liabilities 5433375615897871,0421,1871,3621,697
Total Liabilities 6447729461,6051,6432,2832,9013,3163,3003,973

Fixed Assets

Net Fixed Assets +1711852237087248481,3021,4821,6021,984
Gross Block2322613159801,0391,2771,7902,1412,4753,108
Accumulated Depreciation6176932723164294886598731,124
CWIP 4641356189918
Investments 96185210348400401478750550673
Inventories265279365376290424646710637856
Trade Receivables3039527051481057691100
Cash Equivalents 251512118839619911210142
Others Assets 5263817887158154177310300
Total Assets 6447729461,6051,6432,2832,9013,3163,3003,973
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 84155104273265220381590698474
PBT 14821523821885283489462502550
Adjustment 914914093134205261275341
Changes in Working Capital -24-6-63-24109-126-173-4957-287
Tax Paid -50-68-80-61-20-71-141-84-136-130
Cash Flow From Investing Activity + -85-94-67-163-122-301-52-251122-100
Capex -58-33-58-44-25-47-92-111-86-138
Net Investments -4-85-14-124-3354115-189159-15
Others -232556-65-307-75485054
Cash Flow From Financing Activity + -1-51-41-112-127116-359-323-773-436
Net Proceeds from Shares 000002923487
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-1-1-1-0-0-0-0-1
Dividend Paid 0-53-450-50-71-88-116-542-150
Others -035-111-77-105-273-211-239-293
Net Cash Flow -210-4-11635-301647-62
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.6427.1624.9821.387.9820.3925.9724.5820.122.8
ROCE (%)34.2240.8637.3534.0615.731.8639.2431.933.2535.77
Asset Turnover Ratio1.651.531.421.010.490.680.960.890.890.9
PAT to CFO Conversion(x)0.861.090.661.714.081.031.051.421.971.14
Working Capital Days
Receivable Days10.2011.7013.7017.3027.5013.5011.2011.9010.3010.60
Inventory Days95.1091.5096.60105.20151.909778.2089.2083.4082.80
Payable Days81.6095.40111.10126.10205.60134.20103.5010283.1076.30

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Metro Brands Ltd FAQs

The current trading price of Metro Brands on 17-Sep-2026 16:59 is ₹950.5.

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 16-Sep-2026 the market cap of Metro Brands stood at ₹25,771.3 Cr

The latest P/E ratio of Metro Brands as of 16-Sep-2026 is 65.21.

The latest P/B ratio of Metro Brands as of 16-Sep-2026 is 12.79.

The 52-week high of Metro Brands is ₹1,340 and the 52-week low is ₹883.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Metro Brands is ₹2,884 ( Cr.) .

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

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

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

About Metro Brands Ltd

Metro Brands (MBL) is one of India’s leading retailers of footwear and accessories, with a legacy that began in 1955 with the opening of its first store in Mumbai. Incorporated in 1977, the Company has since evolved into a trusted household name, synonymous with contemporary style, quality, and diversity. Its diverse portfolio spans a wide spectrum of price points and style preferences, catering to both value-conscious and premium customers. Through a balanced mix of in-house and international brands, the company offers products across casual, formal, festive, comfort, and athleisure categories. This comprehensive assortment positions MBL as a one-stop destination for footwear and accessories serving all genders, age groups, usage occasions, and fashion sensibilities. 

Whether it’s daily wear, work essentials, wedding collections, or performance-driven athleisure, MBL continues to curate India’s footwear wardrobe with unmatched variety, depth, and accessibility. Metro Brands predominantly operates under a Company-Owned, Company-Operated (COCO) retail model. This approach grants it complete control over its operations, ensuring consistency in brand experience and service quality across its extensive network. Its journey is defined by a commitment to quality, design, and an unparalleled retail experience.

Business area of the company

The company is a retailer in fashion footwear, bags and accessories operating in the premium and economy category. Its strong portfolio spans well-entrenched own labels and premium third-party offerings, enabling it to serve a wide range of consumer needs and preferences.

Products of the company

  • Men footwear
  • Women footwear
  • Kids footwear
  • Bags
  • Clutches
  • Wallets
  • Foot care 
  • Belts
  • Shoe care

Brand Portfolio of the company 

In-house brands

  • Metro
  • Mochi
  • Walkway
Third-party brands

  • Crocs
  • FitFlop
  • FILA
  • Foot Locker
  • New Era
  • Clarks

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.
  • 2022: Most Admired Retailer of the Year, Footwear Category, 2022 at Mapic India Retail Awards.
  • 2022: Most Admired Retailer – Footwear, 2022 at Images Retail Awards.
  • 2023: India’s Most Admired Footwear Retailer, 2023 at Images Retail Awards
  • 2023: Iconic Brands of India Award, 2023 at Economic Times Awards.
  • 2024: Dun & Bradstreet ESG Award 2024.
  • 2024: Most Admired Footwear Retailer, 2024 at Images Retail Awards.

Major events and milestones

  • 1955: Started first Metro store.
  • 1977: Incorporation of the Company.
  • 2000: Launched Mochi MBO.
  • 2009: Launched Walkway MBO.
  • 2010: Launched E-commerce operations.
  • 2010: Crossed the 100-store milestone.
  • 2012: Crossed the 200-store milestone.
  • 2015: Entered into a tie-up with Crocs.
  • 2021: Entered into an exclusive tie-up with FitFlop.
  • 2021: Crossed the 600-store milestone.
  • 2021: Listed on the BSE and NSE.
  • 2022: Acquired Cravatex Brands Ltd.
  • 2022: Secured exclusive license for FILA.
  • 2022: Secured ownership of Proline brand.
  • 2023: Entered into a strategic tie-up with Foot Locker.
  • 2023: Reached market capitalisation of US$ 4 billion.
  • 2023: Crossed gross sales of Rs 2500 crore.
  • 2024: Entered into an exclusive tie-up with New Era.
  • 2024: Launched Foot Locker store.
  • 2024: Launched New Era kiosk.
  • 2025: Crossed the 900-store milestone.
  • 2025: Entered into an exclusive partnership with Clarks.
  • 2025: Recycled one pair of footwear for every pair sold.

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