Metro Brands Ltd

Metro Brands Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Metro Brands Ltd

₹ 1,146 2.18%
22 Nov - close price
metrobrands.com BSE: 543426 NSE: METROBRAND
About

The company is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category.Its a one-stop shop for of branded products for the entire family, including men, women, unisex, and children, and for every occasion, including casual and formal events.[1]

Key Points

Network as of 9MFY24[1]
Store Formats : 5
Stores : 826 (87 added in FY24)
States : 31
Cities : 192
Loyalty membership : 13+ mn
Vendors : 250

Website BSE NSE
  • Market Cap ₹ 31,159 Cr.
  • Current Price ₹ 1,146
  • High / Low ₹ 1,441 / 990
  • Stock P/E 74.5
  • Book Value ₹ 71.3
  • Dividend Yield 0.44 %
  • ROCE 20.2 %
  • ROE 25.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 23.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.9%

Cons

  • Stock is trading at 16.1 times its book value
  • Promoter holding has decreased over last quarter: -2.19%
  • Tax rate seems low

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Leather Industry: Leather / Leather Products

Part of Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index BSE Allcap BSE Consumer Discretionary BSE 150 MidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
314 476 396 497 463 577 527 556 532 624 578 563 567
223 309 268 316 320 373 385 361 371 426 412 383 418
Operating Profit 92 167 128 181 143 204 142 194 161 198 166 180 149
OPM % 29% 35% 32% 36% 31% 35% 27% 35% 30% 32% 29% 32% 26%
17 12 13 9 12 15 17 16 18 15 25 23 22
Interest 12 12 15 13 15 17 18 18 19 20 20 21 22
Depreciation 34 34 35 39 41 49 48 50 54 59 58 60 62
Profit before tax 63 133 92 138 99 153 93 142 106 133 113 123 88
Tax % 20% 24% 27% 25% 25% 25% 29% 25% 25% 28% -46% 25% 25%
50 100 68 103 74 115 66 106 79 96 165 92 66
EPS in Rs 1.89 3.69 2.49 3.80 2.72 4.22 2.44 3.91 2.92 3.52 6.05 3.40 2.41
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
636 702 767 868 1,034 1,155 1,210 789 1,312 2,071 2,305 2,332
520 577 632 722 818 925 867 608 906 1,403 1,598 1,638
Operating Profit 116 125 135 146 216 230 343 181 407 668 707 694
OPM % 18% 18% 18% 17% 21% 20% 28% 23% 31% 32% 31% 30%
3 7 3 9 8 17 23 76 55 51 65 85
Interest 0 0 0 0 0 0 39 44 50 63 78 83
Depreciation 11 12 13 16 19 22 120 121 134 178 228 239
Profit before tax 108 120 125 139 205 224 207 91 278 479 466 457
Tax % 34% 34% 34% 34% 34% 34% 27% 20% 25% 26% 10%
72 79 82 92 135 148 152 73 208 354 418 418
EPS in Rs 48.64 53.84 55.71 62.13 91.78 11.14 11.44 2.73 7.65 13.03 15.37 15.38
Dividend Payout % 23% 22% 22% 22% 22% 22% 26% 55% 29% 31% 33%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 43%
TTM: 6%
Compounded Profit Growth
10 Years: 19%
5 Years: 23%
3 Years: 81%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -15%
Return on Equity
10 Years: 22%
5 Years: 21%
3 Years: 24%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15 15 15 15 15 133 133 133 136 136 136 136
Reserves 256 314 374 441 547 532 647 672 1,102 1,378 1,699 1,802
0 0 0 0 0 0 536 566 692 938 1,098 1,117
108 103 99 150 164 219 190 242 324 376 356 465
Total Liabilities 379 431 488 606 726 884 1,506 1,612 2,255 2,828 3,289 3,520
67 122 134 170 183 222 705 722 847 1,286 1,476 1,495
CWIP 2 0 1 4 6 4 13 5 6 18 9 13
Investments 79 37 77 96 184 208 346 397 398 496 765 834
232 272 277 336 352 450 443 488 1,004 1,028 1,039 1,178
Total Assets 379 431 488 606 726 884 1,506 1,612 2,255 2,828 3,289 3,520

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
83 157 107 272 244 218 372 585
-84 -93 -67 -161 -116 -299 -47 -250
0 -53 -44 -112 -116 118 -355 -319
Net Cash Flow -1 10 -4 -1 12 38 -30 16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 1 1 1 2 2 3 2 10 6 8 6
Inventory Days 196 215 219 219 207 234 221 295 278 265 266
Days Payable 77 85 77 86 104 127 107 210 140 120 96
Cash Conversion Cycle 120 131 144 134 105 110 117 95 144 153 176
Working Capital Days 54 73 70 57 47 56 57 48 59 69 70
ROCE % 40% 35% 32% 40% 37% 25% 10% 20% 24% 20%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.27% 74.27% 74.27% 74.26% 74.20% 74.20% 74.20% 74.20% 74.17% 74.16% 74.16% 71.95%
3.57% 3.38% 3.24% 3.28% 3.22% 2.80% 2.61% 2.33% 2.69% 2.68% 3.05% 3.39%
3.53% 4.58% 4.88% 4.73% 4.93% 5.29% 5.72% 6.10% 5.98% 6.02% 5.59% 7.00%
18.64% 17.77% 17.61% 17.73% 17.65% 17.72% 17.45% 17.36% 17.16% 17.13% 17.19% 17.64%
No. of Shareholders 1,19,15574,79467,28267,73266,86067,78563,45162,69058,87262,65364,47071,258

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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