Metro Brands Ltd

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

Metro Brands Ltd

₹ 1,166 -1.74%
08 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 ₹ 31,709 Cr.
  • Current Price ₹ 1,166
  • High / Low ₹ 1,441 / 990
  • Stock P/E 76.5
  • Book Value ₹ 72.4
  • Dividend Yield 0.43 %
  • ROCE 19.7 %
  • ROE 24.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 22.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.6%

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 Total Market BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 Nifty Midcap 150 BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
325 484 403 508 476 599 544 583 556 636 583 576 585
228 316 273 325 329 394 401 396 400 437 424 396 431
Operating Profit 97 168 130 183 147 205 144 187 155 199 159 180 155
OPM % 30% 35% 32% 36% 31% 34% 26% 32% 28% 31% 27% 31% 26%
17 12 13 9 12 15 19 14 16 16 24 23 23
Interest 12 12 15 13 15 17 18 18 20 20 20 21 22
Depreciation 34 34 35 39 41 50 50 54 57 59 59 60 62
Profit before tax 68 133 94 140 103 152 95 128 95 136 104 123 94
Tax % 19% 24% 27% 25% 25% 26% 28% 28% 29% 28% -49% 25% 24%
55 102 70 106 78 113 69 94 68 99 156 92 72
EPS in Rs 1.99 3.73 2.53 3.86 2.81 4.12 2.52 3.42 2.45 3.60 5.71 3.37 2.56
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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 TTM
668 732 803 910 1,075 1,217 1,285 800 1,343 2,127 2,357 2,380
546 600 663 758 848 880 930 625 930 1,447 1,653 1,687
Operating Profit 122 132 140 152 227 337 355 175 412 680 704 693
OPM % 18% 18% 17% 17% 21% 28% 28% 22% 31% 32% 30% 29%
3 6 7 9 8 19 23 76 55 53 66 87
Interest 1 1 1 0 0 34 40 45 50 63 79 83
Depreciation 11 12 13 16 20 94 121 122 134 181 229 240
Profit before tax 113 125 133 144 215 228 218 85 283 489 462 456
Tax % 34% 34% 34% 35% 34% 34% 27% 23% 25% 26% 11%
75 82 87 95 142 153 161 65 214 365 415 418
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 15.24
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: 4%
Compounded Profit Growth
10 Years: 18%
5 Years: 23%
3 Years: 87%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -10%
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 Sep 2024
Equity Capital 15 15 15 15 15 133 133 133 136 136 136 136
Reserves 260 318 381 449 562 517 675 695 1,129 1,412 1,728 1,834
7 8 3 3 6 424 549 567 692 943 1,098 1,117
118 114 118 170 189 247 261 265 348 416 391 500
Total Liabilities 399 455 517 636 772 1,322 1,617 1,659 2,305 2,906 3,353 3,587
68 122 135 172 185 593 708 724 848 1,302 1,482 1,501
CWIP 2 0 1 4 6 4 13 5 6 18 9 13
Investments 78 37 76 83 185 210 348 400 401 478 750 821
251 296 305 377 397 515 548 532 1,050 1,109 1,111 1,252
Total Assets 399 455 517 636 772 1,322 1,617 1,659 2,305 2,906 3,353 3,587

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 18 12
Inventory Days 209 230 218 221 214 243 241 293 284 276 274
Days Payable 85 92 82 89 108 129 129 207 141 126 99
Cash Conversion Cycle 134 148 146 145 119 129 132 109 155 168 186
Working Capital Days 59 79 75 66 57 68 69 61 67 78 75
ROCE % 39% 36% 32% 40% 31% 21% 9% 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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