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]
Strengths
- +Company has been maintaining a healthy dividend payout of 73.0%
Weaknesses
- −Stock is trading at 15.8 times its book value
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.16% | 71.95%▼2.2 | 71.93%▼0.0 | 71.88%▼0.1 | 71.87%▼0.0 | 71.86%▼0.0 | 71.83%▼0.0 | 71.8%▼0.0 |
| FIIs | 3.05% | 3.39%▲0.3 | 3.43%▲0.0 | 3.46%▲0.0 | 3.65%▲0.2 | 3.88%▲0.2 | 3.81%▼0.1 | 3.77%▼0.0 |
| DIIs | 5.59% | 7%▲1.4 | 7.18%▲0.2 | 7.36%▲0.2 | 7.39%▲0.0 | 7.36%▼0.0 | 7.51%▲0.1 | 7.58%▲0.1 |
| Public | 17.19% | 17.64%▲0.4 | 17.47%▼0.2 | 17.3%▼0.2 | 17.09%▼0.2 | 16.9%▼0.2 | 16.84%▼0.1 | 16.86%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 532 | 624 | 578 | 563 | 567 | 688 | 632 | 615 | 636 | 789 |
| Expenses | 371 | 426 | 412 | 383 | 418 | 464 | 437 | 422 | 469 | 530 |
| Operating Profit | 161 | 198 | 166 | 180 | 149 | 224 | 195 | 193 | 167 | 259 |
| OPM % | 30% | 32% | 29% | 32% | 26% | 33% | 31% | 31% | 26% | 33% |
| Net Profit | 79 | 96 | 165 | 92 | 66 | 94 | 97 | 97 | 64 | 125 |
| EPS ₹ | 2.92 | 3.52 | 6.05 | 3.4 | 2.41 | 3.46 | 3.58 | 3.55 | 2.35 | 4.6 |
AI Insights
TTM revenue at ₹2,672Cr, up 9.1% YoY. OPM at 30%.
Borrowings at ₹1,439Cr. Debt-to-equity ratio: 0.87x. Moderate leverage.
CWIP at ₹18Cr (1% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 7.58% (+1.86pp change). FIIs: 3.77% (+1.16pp change). Promoters hold 71.8%.
ROCE improving from 0% (Mar 2014) to 20% (Mar 2025). Working capital days: 52.
PE 73.4x with 19.5% ROCE. Price is 1480% above book value of ₹65.4. Dividend yield: 0.53%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 May - Metro Brands will hold an investor call on May 21, 2026 to discuss Q4FY26 and FY26 results.
- Board Meeting Intimation for Intimation Under Regulation 29 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') 13 May - Board meets May 20, 2026 to approve FY26 results and consider dividend; trading window reopens May 25.
- 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.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 29 Apr - Allotment of 14,730 Equity Shares under the Metro Stock Option Plan.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9 Apr - Metro Brands disclosed it is not a Large Corporate; outstanding borrowings were nil on March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse