Metro Brands Ltd
METROBRAND NSE
Metro Brands Ltd
Consumer GoodsNSE: METROBRAND BSE: 543426 Footwear
Key Fundamentals
SmallcapFootwearConsumer GoodsMarket Cap
₹25,743 Cr
Volatility
Low Risk
P/E Ratio
62.24
EBITDA
₹867 Cr
Return on Equity
20.4%
Debt to Equity
0.79
Book Value
₹73.13
EPS
₹15.13
52W High
₹1,340.4
52W Low
₹883
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Metro Brands Ltd insights
37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 76.0%
Weaknesses
2- Stock is trading at 12.9 times its book value
- Working capital days have increased from 85.8 days to 147 days
Growth Rate
Revenue Growth
10.12% ↗
Net Income Growth
14.84% ↗
Cash Flow Change
18.21% ↗
ROE
-7.06% ↗
ROCE
11.24% ↗
EBITDA Margin (Avg.)
-10.67% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
Metro Brands Ltd is a specialty footwear retailer with a market cap of ₹25,697 Cr trading at a PE of 62.3x and PB of 12.89x. The company has delivered consistent ROE of ~22% over 3, 5, and 10-year periods with TTM sales growth of 15%, though the stock has declined 14% over the past year and working capital days have nearly doubled.
Bull Case 7
- Consistent ROE of 22% maintained across 3-year, 5-year, and 10-year periods, indicating durable capital efficiency
- TTM revenue growth of 15% demonstrates continued topline momentum despite a maturing base
- Compounded profit growth of 44% over 5 years reflects strong operating leverage and margin expansion during the growth phase
- Healthy dividend payout ratio of 76.0% signals management confidence in cash flow sustainability
- 10-year compounded sales CAGR of 14% shows a long track record of sustained business expansion
- 10-year compounded profit CAGR of 17% outpacing sales CAGR of 14% indicates improving profitability over the long term
- TTM profit growth of 14% remains in double digits, keeping earnings trajectory positive
Bear Case 8
- PE ratio of 62.3x is significantly elevated relative to broader market averages, leaving limited margin of safety
- Stock trading at 12.89x book value implies substantial premium to tangible assets, increasing downside risk in a de-rating scenario
- Working capital days have increased sharply from 85.8 days to 147 days, indicating deteriorating cash conversion efficiency
- Stock price has declined 14% over the past 1 year, underperforming the broader market
- 3-year stock CAGR of -5% suggests the market has been re-pricing growth expectations downward
- 3-year compounded profit CAGR of only 5% shows a significant deceleration from the 5-year CAGR of 44%
- 3-year compounded sales CAGR of 10% is notably lower than the 5-year CAGR of 29%, indicating slowing topline growth
- Dividend yield of only 0.64% provides minimal income cushion despite the high payout ratio, given the elevated valuation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Headwinds 1
- Q1FY26 net profit dips 5.4% Aug 4
Consolidated net profit fell 5.4% YoY to ₹95.26 crore in Q1FY26 despite revenue growth, indicating margin pressure.
Positives 2
- Revenue up 14.8% YoY Aug 4
Consolidated revenue rose 14.8% YoY to ₹720.36 crore in Q1FY26, showing healthy top-line momentum.
- New ESOP schemes approved Aug 4
Board approved new ESOP schemes and director appointments including Sonny Iqbal as Independent Director, signaling governance strengthening.
Neutral 2
- Q1 earnings call scheduled Jul 28
Metro Brands scheduled its Q1 earnings call for August 4-5 at 3:30 PM IST to discuss quarterly results with investors under SEBI regulations.
- Final dividend recommended Aug 4
The Board recommended a final dividend alongside Q1FY26 results approval.
TL;DR: Metro Brands delivered strong 14.8% revenue growth in Q1FY26 but profitability slipped 5.4% YoY, suggesting rising costs or investments are compressing margins. The top-line expansion is encouraging for a consumer discretionary name, but investors should watch whether margin headwinds persist in coming quarters or normalize as operating leverage improves.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 583 | 556 | 636 | 583 | 576 | 585 | 703 | 643 | 628 | 651 | 811 | 773 | 720 |
| Expenses | 396 | 400 | 437 | 424 | 396 | 431 | 478 | 446 | 434 | 480 | 546 | 535 | 506 |
| Operating Profit | 187 | 155 | 199 | 159 | 180 | 155 | 225 | 197 | 194 | 171 | 265 | 238 | 215 |
| OPM % | 32% | 28% | 31% | 27% | 31% | 26% | 32% | 31% | 31% | 26% | 33% | 31% | 30% |
| Other Income | 14 | 16 | 16 | 26 | 23 | 24 | 24 | 23 | 29 | 28 | 17 | 32 | 27 |
| Interest | 18 | 20 | 20 | 20 | 21 | 22 | 23 | 24 | 24 | 29 | 29 | 29 | 30 |
| Depreciation | 54 | 57 | 59 | 59 | 60 | 62 | 66 | 70 | 69 | 78 | 80 | 84 | 85 |
| PBT | 128 | 95 | 136 | 105 | 123 | 94 | 160 | 126 | 131 | 91 | 173 | 157 | 127 |
| Tax % | 28% | 29% | 28% | -48% | 25% | 24% | 41% | 24% | 24% | 24% | 25% | 25% | 25% |
| Net Profit | 94 | 68 | 99 | 156 | 92 | 72 | 95 | 95 | 99 | 69 | 130 | 118 | 95 |
| EPS in Rs | 3.42 | 2.45 | 3.6 | 5.71 | 3.37 | 2.56 | 3.48 | 3.48 | 3.62 | 2.49 | 4.71 | 4.28 | 3.44 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 732 | 803 | 910 | 1,075 | 1,217 | 1,285 | 800 | 1,343 | 2,127 | 2,357 | 2,507 | 2,864 | 2,956 |
| Expenses | 600 | 663 | 758 | 848 | 880 | 930 | 625 | 930 | 1,447 | 1,653 | 1,748 | 1,996 | 2,068 |
| Operating Profit | 132 | 140 | 152 | 227 | 337 | 355 | 175 | 412 | 680 | 704 | 759 | 867 | 888 |
| OPM % | 18% | 17% | 17% | 21% | 28% | 28% | 22% | 31% | 32% | 30% | 30% | 30% | 30% |
| Other Income | 6 | 7 | 9 | 8 | 19 | 23 | 76 | 55 | 53 | 69 | 93 | 106 | 103 |
| Interest | 1 | 1 | 0 | 0 | 34 | 40 | 45 | 50 | 63 | 79 | 90 | 111 | 117 |
| Depreciation | 12 | 13 | 16 | 20 | 94 | 121 | 122 | 134 | 181 | 229 | 258 | 311 | 327 |
| PBT | 125 | 133 | 144 | 215 | 228 | 218 | 85 | 283 | 489 | 465 | 504 | 551 | 547 |
| Tax % | 34% | 34% | 35% | 34% | 34% | 27% | 23% | 25% | 26% | 11% | 30% | 25% | — |
| Net Profit | 82 | 87 | 95 | 142 | 153 | 161 | 65 | 214 | 365 | 415 | 354 | 416 | 412 |
| EPS in Rs | 55.83 | 57.67 | 61.8 | 94.39 | 11.13 | 11.8 | 2.57 | 7.79 | 13.3 | 15.17 | 12.88 | 15.09 | 14.92 |
| Div. Payout % | 21% | 22% | 22% | 21% | 22% | 25% | 58% | 29% | 30% | 33% | 155% | 40% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 133 | 133 | 133 | 136 | 136 | 136 | 136 | 136 |
| Reserves | 318 | 381 | 449 | 562 | 517 | 675 | 695 | 1,129 | 1,412 | 1,728 | 1,573 | 1,857 |
| Borrowings | 8 | 3 | 3 | 6 | 424 | 549 | 567 | 692 | 943 | 1,098 | 1,227 | 1,570 |
| Other Liabilities | 114 | 118 | 170 | 189 | 247 | 261 | 265 | 348 | 416 | 391 | 398 | 452 |
| Total Liabilities | 455 | 517 | 636 | 772 | 1,322 | 1,617 | 1,659 | 2,305 | 2,906 | 3,353 | 3,334 | 4,015 |
| Fixed Assets | 122 | 135 | 172 | 185 | 593 | 708 | 724 | 848 | 1,302 | 1,482 | 1,602 | 1,989 |
| CWIP | 0 | 1 | 4 | 6 | 4 | 13 | 5 | 6 | 18 | 9 | 9 | 14 |
| Investments | 37 | 76 | 83 | 185 | 210 | 348 | 400 | 401 | 478 | 750 | 550 | 673 |
| Other Assets | 296 | 305 | 377 | 397 | 515 | 548 | 532 | 1,050 | 1,109 | 1,111 | 1,173 | 1,340 |
| Total Assets | 455 | 517 | 636 | 772 | 1,322 | 1,617 | 1,659 | 2,305 | 2,906 | 3,353 | 3,334 | 4,015 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | 82 | 155 | 196 | 273 | 265 | 220 | 381 | 590 | 698 | 474 |
| Investing | — | — | -83 | -94 | -67 | -163 | -122 | -301 | -52 | -251 | 122 | -100 |
| Financing | — | — | -1 | -50 | -132 | -112 | -127 | 116 | -359 | -323 | -773 | -436 |
| Net Cash Flow | — | — | -1 | 10 | -4 | -1 | 16 | 35 | -30 | 16 | 47 | -62 |
| Free Cash Flow | — | — | 24 | 121 | 137 | 229 | 241 | 172 | 289 | 479 | 611 | 335 |
| CFO/OP | — | — | 87 | 98 | 82 | 94 | 163 | 71 | 77 | 96 | 110 | 70 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 10 | 13 | 13 | 16 | 20 | 23 | 13 | 18 | 12 | 13 | 13 |
| Inventory Days | 230 | 218 | 221 | 214 | 243 | 241 | 293 | 284 | 276 | 274 | 228 | 259 |
| Days Payable | 92 | 82 | 89 | 108 | 129 | 129 | 207 | 141 | 126 | 99 | 81 | 84 |
| Cash Conversion Cycle | 148 | 146 | 145 | 119 | 129 | 132 | 109 | 155 | 168 | 186 | 160 | 188 |
| Working Capital Days | 79 | 75 | 66 | 55 | 65 | 43 | 25 | 41 | 56 | 52 | 58 | 147 |
| ROCE % | 39% | 36% | 32% | 40% | 31% | 21% | 9% | 20% | 24% | 20% | 19% | 20% |
Documents
1
Announcement under Regulation 30 (LODR)-Change in Management
4 May - Mr. Uttam Kumar appointed Chief Product Officer and Senior Management Personnel effective May 4, 2026. 4 May - Mr. Uttam Kumar appointed Chief Product Officer and Senior Management Personnel effective May 4, 2026.
2
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
29 Apr - Allotment of 14,730 Equity Shares under the Metro Stock Option Plan. 29 Apr - Allotment of 14,730 Equity Shares under the Metro Stock Option Plan.
3
Announcement under Regulation 30 (LODR)-Change in Management
4 May - Mr. Uttam Kumar appointed Chief Product Officer and Senior Management Personnel effective May 4, 2026. 4 May - Mr. Uttam Kumar appointed Chief Product Officer and Senior Management Personnel effective May 4, 2026.
4
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
29 Apr - Allotment of 14,730 Equity Shares under the Metro Stock Option Plan. 29 Apr - Allotment of 14,730 Equity Shares under the Metro Stock Option Plan.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Submitted Regulation 74(5) demat/remat compliance certificate for quarter ended March 31, 2026. 9 Apr - Submitted Regulation 74(5) demat/remat compliance certificate for quarter ended March 31, 2026.
Frequently Asked Questions about Metro Brands Ltd
What does Metro Brands Ltd do?
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, includin...
Where is Metro Brands Ltd (METROBRAND) listed?
Metro Brands Ltd is listed on the Indian stock exchanges. It is listed on NSE: METROBRAND and BSE: 543426. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Metro Brands Ltd belong to?
Metro Brands Ltd operates in the Consumer Goods sector within the Footwear industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Metro Brands Ltd?
Metro Brands Ltd has a market capitalisation of approximately ₹25743.43 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Metro Brands Ltd?
The Price-to-Earnings (PE) ratio of Metro Brands Ltd is 62.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Metro Brands Ltd?
Over the past 52 weeks, Metro Brands Ltd has traded between a low of ₹883 and a high of ₹1,340.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Metro Brands Ltd pay dividends?
Yes, Metro Brands Ltd has a dividend yield of 0.64%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Metro Brands Ltd?
Metro Brands Ltd has a Return on Equity (ROE) of 20.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Metro Brands Ltd on Tapetide?
On Tapetide, you can view Metro Brands Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]