Metro Brands Ltd
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]
- Market Cap ₹ 33,638 Cr.
- Current Price ₹ 1,238
- High / Low ₹ 1,441 / 954
- Stock P/E 81.6
- Book Value ₹ 68.5
- Dividend Yield 0.32 %
- ROCE 19.6 %
- ROE 24.2 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 22.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 30.6%
Cons
- Stock is trading at 18.0 times its book value
- Tax rate seems low
- Working capital days have increased from 111 days to 189 days
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
668 | 732 | 803 | 910 | 1,075 | 1,217 | 1,285 | 800 | 1,343 | 2,127 | 2,357 | |
546 | 600 | 663 | 758 | 848 | 880 | 930 | 625 | 930 | 1,447 | 1,657 | |
Operating Profit | 122 | 132 | 140 | 152 | 227 | 337 | 355 | 175 | 412 | 680 | 700 |
OPM % | 18% | 18% | 17% | 17% | 21% | 28% | 28% | 22% | 31% | 32% | 30% |
3 | 6 | 7 | 9 | 8 | 19 | 23 | 76 | 55 | 53 | 71 | |
Interest | 1 | 1 | 1 | 0 | 0 | 34 | 40 | 45 | 50 | 63 | 79 |
Depreciation | 11 | 12 | 13 | 16 | 20 | 94 | 121 | 122 | 134 | 181 | 229 |
Profit before tax | 113 | 125 | 133 | 144 | 215 | 228 | 218 | 85 | 283 | 489 | 462 |
Tax % | 34% | 34% | 34% | 35% | 34% | 34% | 27% | 23% | 25% | 26% | 11% |
75 | 82 | 87 | 95 | 142 | 153 | 161 | 65 | 214 | 365 | 415 | |
EPS in Rs | 50.63 | 55.83 | 57.67 | 61.80 | 94.39 | 11.13 | 11.80 | 2.57 | 7.79 | 13.30 | 15.17 |
Dividend Payout % | 22% | 21% | 22% | 22% | 21% | 22% | 25% | 58% | 29% | 30% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 43% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 23% |
3 Years: | 87% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 21% |
3 Years: | 24% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 15 | 15 | 133 | 133 | 133 | 136 | 136 | 136 |
Reserves | 260 | 318 | 381 | 449 | 562 | 517 | 675 | 695 | 1,129 | 1,412 | 1,728 |
7 | 8 | 3 | 3 | 6 | 424 | 549 | 567 | 692 | 943 | 1,098 | |
118 | 114 | 118 | 170 | 189 | 247 | 261 | 265 | 348 | 437 | 391 | |
Total Liabilities | 399 | 455 | 517 | 636 | 772 | 1,322 | 1,617 | 1,659 | 2,305 | 2,927 | 3,353 |
68 | 122 | 135 | 172 | 185 | 593 | 708 | 724 | 848 | 1,302 | 1,484 | |
CWIP | 2 | 0 | 1 | 4 | 6 | 4 | 13 | 5 | 6 | 18 | 7 |
Investments | 78 | 37 | 76 | 83 | 185 | 210 | 348 | 400 | 401 | 478 | 750 |
251 | 296 | 305 | 377 | 397 | 515 | 548 | 532 | 1,050 | 1,130 | 1,111 | |
Total Assets | 399 | 455 | 517 | 636 | 772 | 1,322 | 1,617 | 1,659 | 2,305 | 2,927 | 3,353 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
82 | 155 | 196 | 273 | 265 | 220 | 381 | 590 | ||||
-83 | -94 | -67 | -163 | -122 | -301 | -52 | -251 | ||||
-1 | -50 | -132 | -112 | -127 | 116 | -359 | -323 | ||||
Net Cash Flow | -1 | 10 | -4 | -1 | 16 | 35 | -30 | 16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 11 | 10 | 13 | 13 | 16 | 20 | 23 | 13 | 22 | 12 |
Inventory Days | 209 | 230 | 218 | 221 | 214 | 243 | 241 | 293 | 284 | 276 | 262 |
Days Payable | 85 | 92 | 82 | 89 | 108 | 129 | 129 | 207 | 141 | 120 | 95 |
Cash Conversion Cycle | 134 | 148 | 146 | 145 | 119 | 129 | 132 | 109 | 155 | 177 | 179 |
Working Capital Days | 59 | 79 | 75 | 66 | 57 | 68 | 69 | 61 | 67 | 78 | 189 |
ROCE % | 39% | 36% | 32% | 40% | 31% | 21% | 9% | 20% | 24% |
Documents
Announcements
- Closure of Trading Window 26 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Jun - Company's representatives had Investor Meeting today as enclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Jun - Company's representatives had Investor Meeting today as enclosed
Annual reports
Concalls
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Jun 2024Transcript PPT
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Feb 2024TranscriptPPT
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
Network as of 9MFY24[1]
Store Formats : 5
Stores : 826 (87 added in FY24)
States : 31
Cities : 192
Loyalty membership : 13+ mn
Vendors : 250