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Metro Brands Ltd (METROBRAND)

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

₹1,032.40 -0.20 (-0.02%)

As on 04-Jun'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

₹1,032.40 -0.20 (-0.02%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹28,139 Cr.
Current Price
₹1,032.4
52-Week Low / High
₹883 / 1,340
TTM EPS
₹14.7
TTM Sales
₹2,797 Cr.
Book Value per Share
₹71.7
P/E Ratio
70.26
Lower than its 5-year historical median
Industry PE
70.6
Price to Book (P/B)
14.41
Lower than its 5-year historical median
Price to Sales (P/S)
10.06
Lower than its 5-year historical median
EV/EBITDA
29.45
Lower than its 5-year historical median
Dividend Yield
1.98%
Profitability Efficiency
Return on Equity (ROE)
20.16%
Outperforms industry median
Return on Capital Employed (ROCE)
33.39%
Outperforms industry median
Return on Assets (ROA)
10.78%
Operating Profit Margin
30.6%
Net Profit Margin
14.27%
Gross Profit Margin
26.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.52%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-16.33%
Asset Quality
Promoter Holding
71.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,817 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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Quality

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Valuation

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Price Trend

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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 15.16%, compared to the industry median CAGR of 0.00%, 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 6.17% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 34.9%32.9%40.2%36.6%34.1%17.1%32.1%39.4%32.5%33.4%-
Value Creation
Index
2.11.92.62.32.00.51.42.51.92.0-

Growth Parameters

Sales 7678681,0341,1551,2107891,3122,0712,3052,4502,797
Sales YoY Gr.-13.1%19.1%11.7%4.7%-34.8%66.4%57.8%11.3%6.3%-
Adj EPS 3.13.355.65.82.77.612.815.412.414.7
YoY Gr.-7.1%52%11.1%3.4%-53.8%185.4%68.4%19.6%-19.2%-
BVPS (₹) 14.617.221.22529.430.345.555.366.760.771.7
Adj Net
Profit
81.987.713314815370.9207349417338400
Cash Flow from Ops. 83.382.6157107272244218372585687-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.8%15.2%23.1%6.3%
Adj EPS 16.7%16.5%17.6%-19.2%
BVPS17.1%15.6%10.1%-9%
Share Price - - 2.7% -16.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.920.826.224.221.2920.325.424.919.222.2
Op. Profit
Mgn %
17.616.820.919.928.422.93132.330.730.630.5
Net Profit
Mgn %
10.710.112.912.812.7915.816.818.113.814.3
Debt to
Equity
00000000000
Working Cap
Days
106116113123111161116107118120112
Cash Conv.
Cycle
3648353020262029404169

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7678681,0341,1551,2107891,3122,0712,3052,450
Operating Expenses + 6347238199268696119091,4041,6021,701
Manufacturing Costs323539465138497391105
Material Costs3714174585175293525508629581,031
Employee Cost 63758910211397116176217233
Other Costs 168196233262176124195294336332
Operating Profit 133144215229340178403667703748
Operating Profit Margin (%) 17.3%16.7%20.8%19.8%28.1%22.6%30.7%32.2%30.5%30.6%
Other Income + 510918257958537095
Exceptional Items 0000000000
Interest 0000394450637990
Depreciation 13161922120121134178228257
Profit Before Tax 12513920522420791278479466496
Tax 4347697655197012548147
Profit After Tax 829113514815273208354418350
PAT Margin (%) 10.7%10.6%13.1%12.8%12.6%9.2%15.8%17.1%18.1%14.3%
Adjusted EPS (₹)3.13.55.15.65.72.77.713.015.412.8
Dividend Payout Ratio (%)22.40%21.70%18%21.60%26.20%54.90%29.40%30.70%32.50%155.80%

Valuation of Metro Brands - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3884565616657808051,2351,5031,8141,654
Share Capital 151515133133133136136136136
Reserves 3734415465326476721,0991,3671,6781,518
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables7899131179155203212283251223
Others Liabilities 215233405615897871,0361,1871,360
Total Liabilities 4876067268841,4951,5962,2332,8223,2523,236

Fixed Assets

Net Fixed Assets +1341701832227057228471,2861,4761,597
Gross Block1842302593139031,0351,2731,7702,1282,463
Accumulated Depreciation50607591199313426483652866
CWIP 146413561899
Investments 7796184208346397398496765552
Inventories223250260331320284419625698629
Trade Receivables3561082221483748
Cash Equivalents 625151210833941838793
Others Assets 455771989382148166179307
Total Assets 4876067268841,4951,5962,2332,8223,2523,236

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 8383157107272244218372585687
PBT 12513920522420791278479466496
Adjustment 12813713891133203259270
Changes in Working Capital -12-193-49-1682-121-169-5854
Tax Paid -42-46-64-75-57-20-71-141-82-134
Cash Flow From Investing Activity + -62-84-93-67-161-116-299-47-250129
Capex -26-58-33-58-42-25-47-91-115-87
Net Investments -38-4-85-14-124-3354119-180154
Others 1-222556-59-305-754462
Cash Flow From Financing Activity + -220-53-44-112-116118-355-319-768
Net Proceeds from Shares 000000292348
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-0
Dividend Paid -220-53-450-50-71-88-116-538
Others 0001-112-67-104-269-207-239
Net Cash Flow -1-110-4-11238-301648

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.9221.6826.5824.1221.039.1520.3625.8625.1920.16
ROCE (%)34.9432.9240.2136.5934.0517.0832.139.3732.5333.39
Asset Turnover Ratio21.671.571.441.190.60.80.960.890.89
PAT to CFO Conversion(x)1.010.911.160.721.793.341.051.051.41.96
Working Capital Days
Receivable Days11.401.902.602.406.105.205.205.705.40
Inventory Days87.5094.6089.1093.3084.10119.9083.5078.308984.20
Payable Days80.9077.4091.50109.60115.30185.30137.50104.70101.8083.90

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Metro Brands Ltd FAQs

The current trading price of Metro Brands on 04-Jun-2026 16:59 is ₹1,032.4.

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 03-Jun-2026 the market cap of Metro Brands stood at ₹28,139.3 Cr

The latest P/E ratio of Metro Brands as of 03-Jun-2026 is 70.26.

The latest P/B ratio of Metro Brands as of 03-Jun-2026 is 14.41.

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 ₹2,797 ( 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 Fair 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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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