Metro Brands Limited (METROBRAND)

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Metro Brands Limited (METROBRAND) · mywealthgrid

About

Metro Brands Limited operates in branded footwear within India's Consumer Discretionary sector. With a market cap of ₹25,736 Cr and recent quarterly revenues of ₹700–800 Cr (standalone basis), the company is an established player with consistent operating margins of 26–33%. Promoter-led at 71.8% ownership with zero debt, the company combines financial conservatism with regular dividend distributions.

Face value: ₹5

Market cap

₹22,721 Cr

P/E

66.9×

P/B

11.4×

Dividend yield

0.7%

ROE

22.2%

ROCE

21.4%

Debt / equity

OPM

30.3%

EPS (TTM)

₹12.5

Book value

₹73.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio of 75.82 and 52-week price range ₹896.1–₹1,321.2 (current ₹944.1) with 1-year return of -16.63% suggest market has repriced growth expectations despite stable operating margins; verify whether valuation reflects legitimate earnings concerns or temporary sentiment.
Revenue seasonality pronounced: Dec quarters ₹800+ Cr vs Sep quarters ₹635 Cr (~26% variance) indicates demand concentration; verify working-capital implications and off-season demand visibility.
Footwear market exposure to discretionary-spending cycles; verify consumer-income growth, employment trends, and festive-demand drivers in target segments—any slowdown would pressure volumes.
Concentrated promoter ownership (71.8%) with low institutional participation (FII 3.73%, DII 7.68%); verify governance practices and minority-shareholder protections.

Generated analysis · source review pending

Growth drivers

Operating margins of 26–33% across recent quarters (Jun 2026: 30.02%, Dec 2025: 32.66%) suggest operational efficiency; verify whether revenue volume growth or product-category expansion is planned without margin compression.
Zero debt and consistent quarterly profits (₹64–130 Cr) enabling regular dividend payments indicate cash generation; verify capital allocation between growth capex (stores, products, geography) and shareholder distributions.
Seasonal revenue concentration (Dec ₹800+ Cr vs Sep ₹635 Cr) reveals demand cycles; verify whether product-range or geographic expansion could smooth off-season revenues and unlock growth.
Footwear market growth in India linked to discretionary-spending expansion and organized-retail penetration; verify category growth rates and whether Metro's positioning captures market opportunity.

Generated analysis · source review pending

1,177 historical price candles were omitted because the exchange source has not been verified.

₹833.5-4.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 22% (3-yr avg)
+High return on capital employed of 20.9%
+Healthy operating margin of 30.3%
+Profit CAGR of 44.8% over the last 5 years
+Revenue CAGR of 29.1% over the last 5 years
+Almost debt-free (debt/equity 0)
+Dividend payout of 48.2% of profit
+High promoter holding of 71.8% with no pledge

Cons

−Expensive at 66.9× trailing earnings
−Trading at 11.4× book value

Research score

Structured signal from quality, growth, valuation and momentum.

35/100

Business quality

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	800	1,343	2,127	2,357	2,507	2,864
COGS	360	566	892	988	1,061	1,205
Gross profit	440	777	1,235	1,369	1,447	1,659
	267	367	554	667	687	790
	173	410	681	703	759	869
OPM %	21.6%	30.6%	32%	29.8%	30.3%	30.4%
Depreciation	122	134	181	229	258	311
Interest	45	50	63	79	90	111
	78	59	54	71	93	104
Profit before tax	84	284	491	465	504	551
Tax	19	70	126	50	149	135
Tax %	23%	24.7%	25.6%	10.7%	29.6%	24.6%
	65	214	365	415	354	416
PAT margin %	8.1%	16%	17.2%	17.6%	14.1%	14.5%
EPS (₹)	—	8	13.3	15.2	12.9	15.1
EPS adjusted (₹)	2.4	7.8	13.3	15.2	12.9	15.1
	—	0%	0%	110.3%	42.7%	39.7%
Annual report	—	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	133	133	136	136	136	136	136
Reserves	—	695	1,129	1,412	1,728	1,573	1,857
Minority interest	—	20	22	26	29	29	34
	—	1	0	2	0	173	0
	—	811	1,018	1,352	1,460	1,424	1,989
Total equity & liabilities	—	1,659	2,305	2,927	3,353	3,334	4,015
	708	724	848	464	512	534	605
CWIP	—	4	6	17	7	9	14
Investments	—	400	401	478	750	550	673
	—	532	1,050	1,968	2,083	2,242	2,724
Total assets	—	1,659	2,305	2,927	3,353	3,334	4,015

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.9%	57.9%	58.1%	58.1%	57.7%	57.9%
EBITDA margin %	21.6%	30.5%	31.9%	29.7%	30.2%	30.3%
EBIT margin %	6.4%	20.5%	23.4%	20%	19.9%	19.4%
PAT margin %	8.1%	16%	17.2%	17.6%	14.1%	14.5%
Working capital
Receivable days	23	13	22	12	13	13
Inventory days	293	274	264	262	219	259
Payable days	207	136	115	95	78	84
NWC days	109	150	171	179	155	188
Leverage
Current ratio	2.66	3.24	3.74	3.34	2.9	2.89
Debt to EBITDA	0.01	0	0	0	0.23	0
Debt to equity	0	0	0	0	0.1	0
Interest coverage	2.9	6.6	8.8	6.9	6.5	6
Asset turnover	0.48	0.58	0.73	0.7	0.75	0.71
Return ratios
Return on assets %	3.9%	9.3%	12.5%	12.4%	10.6%	10.4%
Return on capital employed %	9.7%	20.7%	25.1%	20.2%	21%	21.4%
Return on equity %	7.8%	16.9%	23.6%	22.3%	20.7%	20.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.2%	74.17%	74.16%	74.15%	71.96%	71.93%	71.88%	71.87%	71.86%	71.83%	71.8%	71.8%
	2.33%	2.68%	2.68%	3.05%	3.39%	3.42%	3.46%	3.66%	3.89%	3.82%	3.77%	3.73%
	6.09%	5.97%	6.02%	5.6%	7%	7.19%	7.36%	7.38%	7.36%	7.51%	7.58%	7.68%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	17.38%	17.18%	17.14%	17.2%	17.65%	17.46%	17.3%	17.09%	16.89%	16.84%	16.85%	16.79%
No. of shareholders	—	—	—	—	—	—	—	—	61,324	60,189	59,425	57,942

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 6 fund houses

Held by these funds

4.25%

of the company's equity

All mutual funds

7.2%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

17 schemes · 6 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	82.96 L	762.86	1.07%	3.043%	—
Large & Mid Cap Fund	DSP Mutual Fund	12.4 L	114.07	0.62%	0.455%	+5.37 L
Flexi Cap Fund	Bajaj Finserv Mutual Fund	4.9 L	45.09	0.52%	0.18%	-0
INDIA CONSUMER FUND	Tata Mutual Fund	4.07 L	37.41	1.29%	0.149%	-50,000
Small Cap Fund	Bajaj Finserv Mutual Fund	1.83 L	16.8	0.63%	0.067%	-0
MF MULTI CAP FUND	LIC Mutual Fund	1.58 L	14.56	0.65%	0.058%	-0
RETIREMENT SAVINGS FUND-PROGRESSIVE PLAN	Tata Mutual Fund	1.45 L	13.35	0.59%	0.053%	-40,000
RETIREMENT SAVINGS FUND-MODERATE PLAN	Tata Mutual Fund	1.43 L	13.17	0.59%	0.053%	-39,000

1–8 of 17

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI Summary PPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

6

Final dividend4 Sept 2026 · ex-date₹3
Interim dividend2 Feb 2026 · ex-date₹3
Final dividend4 Sept 2025 · ex-date₹2.5
Special dividend7 Mar 2025 · ex-date₹14.5
Interim dividend7 Mar 2025 · ex-date₹3
Final dividend6 Sept 2024 · ex-date₹2.25

1

Board meeting to consider results4 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

9 announcementsExport CSV

17 Sept 2026, 8:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

17 Sept 2026, 7:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Institutional Placement Programme

Institutional Placement Programme PDF

16 Sept 2026, 6:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

16 Sept 2026, 6:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

16 Sept 2026, 6:07 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Sept 2026, 12:36 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

11 Sept 2026, 12:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

10 Sept 2026, 6:42 pmCompany Update

Disclosure Under Regulation 3(3) Of The SEBI (Share Based Employee Benefits And Sweat Equity) Regulations, 2021.

General PDF

Date	Category	Subject	Filing
17 Sept 2026, 8:20 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
17 Sept 2026, 7:37 pm	Company Update Institutional Placement Programme	Announcement under Regulation 30 (LODR)-Institutional Placement Programme

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.9%	57.9%	58.1%	58.1%	57.7%	57.9%
EBITDA margin %	21.6%	30.5%	31.9%	29.7%	30.2%	30.3%
EBIT margin %	6.4%	20.5%	23.4%	20%	19.9%	19.4%
PAT margin %	8.1%	16%	17.2%	17.6%	14.1%	14.5%
Working capital
Receivable days	23	13	22	12	13	13
Inventory days	293	274	264	262	219	259
Payable days	207	136	115	95	78	84
NWC days	109	150	171	179	155	188
Leverage
Current ratio	2.66	3.24	3.74	3.34	2.9	2.89
Debt to EBITDA	0.01	0	0	0	0.23	0
Debt to equity	0	0	0	0	0.1	0
Interest coverage	2.9	6.6	8.8	6.9	6.5	6
Asset turnover	0.48	0.58	0.73	0.7	0.75	0.71
Return ratios
Return on assets %	3.9%	9.3%	12.5%	12.4%	10.6%	10.4%
Return on capital employed %	9.7%	20.7%	25.1%	20.2%	21%	21.4%
Return on equity %	7.8%	16.9%	23.6%	22.3%	20.7%	20.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Metro Brands LimitedMETROBRANDMETROBRAND	₹22,721 Cr	₹22,721 Cr	₹2,311 Cr	₹719 Cr	30.3%	₹339 Cr	14.5%	21.4%	22.2%	188
Bata India LimitedBATAINDIABATAINDIA	₹7,877 Cr	₹7,877 Cr	₹3,553 Cr	₹712 Cr	20.1%	₹146 Cr	3.8%	12.8%	8.5%	107
Relaxo Footwears LimitedRELAXORELAXO	₹7,102 Cr	₹7,102 Cr	₹2,753 Cr	₹383 Cr	13.8%	₹185 Cr	6.6%	11.1%	8.3%	138
Campus Activewear LimitedCAMPUSCAMPUS	₹6,292 Cr	₹6,467 Cr	₹1,194 Cr	₹242 Cr	20.2%	₹125 Cr	10.4%	38.1%	33.8%	137
Redtape LimitedREDTAPEREDTAPE	₹1,593 Cr	₹1,979 Cr	₹2,436 Cr	₹438 Cr	14.4%	₹246 Cr	10%	31.8%	26.6%	240
Sreeleathers LimitedSREELSREEL	₹679 Cr	₹679 Cr	₹258 Cr	₹38 Cr	13.6%	₹33 Cr	11.6%	7.8%	6%	-6
Liberty Shoes LimitedLIBERTSHOELIBERTSHOE	₹369 Cr	₹448 Cr	₹737 Cr	₹62 Cr	8.7%	₹9 Cr	1.5%	9%	4.9%	171
Lehar Footwears LtdLEHARLEHAR	₹351 Cr	₹403 Cr	₹147 Cr	₹8 Cr	9%	₹1 Cr	4.8%	24.5%	17%	86
Khadim India LimitedKHADIMKHADIM	₹209 Cr	₹330 Cr	₹349 Cr	₹45 Cr	13.4%	₹3 Cr	0.8%	9.3%	1.5%	216
Ksr Footwear LimitedKSRKSR	₹69 Cr	₹85 Cr	₹200 Cr	₹-3 Cr	-4.2%	₹-8 Cr	-6.4%	-13.8%	-16.9%	70
Sarup Industries LtdSARUPINDUSSARUPINDUS	₹36 Cr	₹72 Cr	₹10 Cr	₹-0 Cr	9.3%	₹-4 Cr	3.5%	4%	—	1,752
Marc Loire Fashions LtdMARCLOIREMARCLOIRE	₹28 Cr	—	₹35 Cr	₹2 Cr	6.8%	₹2 Cr	5%	—	—	—

11 deals · 6 Sept 2024 – 6 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Sept 2024	KOTAK MAHINDRA MUTUAL FUND	Bulk	NSE	Buy	39,74,000	₹1,260.00	₹500.72 Cr
6 Sept 2024	KOTAK MAHINDRA MUTUAL FUND	Block	NSE	Buy	39,74,000	₹1,260.00	₹500.72 Cr
6 Sept 2024	KOTAK INFINITY FUND	Block	NSE	Buy	13,49,000	₹1,260.00	₹169.97 Cr
6 Sept 2024	FARAH MALIK BHANJI	Block	NSE	Sell	11,90,000	₹1,260.00	₹149.94 Cr
6 Sept 2024	ZIA MALIK LALJI	Block	NSE	Sell	11,90,000	₹1,260.00	₹149.94 Cr
6 Sept 2024	ZARAH RAFIQUE MALIK	Block	NSE	Sell	11,90,000	₹1,260.00	₹149.94 Cr
6 Sept 2024	SABINA MALIK HADI	Block	NSE	Sell	11,90,000	₹1,260.00	₹149.94 Cr
6 Sept 2024	ALISHA RAFIQUE MALIK	Block	NSE	Sell	11,90,000	₹1,260.00	₹149.94 Cr
6 Sept 2024	INVESCO MUTUAL FUND	Block	NSE	Buy	4,67,000	₹1,260.00	₹58.84 Cr
6 Sept 2024	BARODA BNP PARIBAS MUTUAL FUND	Block	NSE	Buy	80,000	₹1,260.00	₹10.08 Cr

1–10 of 11

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	265	220	699	590	698	474
	-122	-301	-369	-251	122	-100
	-127	116	-359	-323	-773	-436
Net cash flow	16	35	-30	16	47	-62
Free cash flow	240	172	599	474	610	335
CFO / Operating profit %	153.6%	53.7%	102.9%	84.4%	92.1%	54.6%

Metro Brands Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

6

1

Announcements

Not in the F&O segment

6

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Metro Brands Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends6

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Dividends6

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

6

1

6

1