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Metro Brands

METROBRAND NSE
₹854.90 +22.50 (+2.70%)
P/E
57.30
View as Markdown
MCP
Close 4 Nov 2026 ₹854.90 −273.40 −24.2% 1Y
Start ₹1,128.30

Key Fundamentals

SmallcapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
20.10%
Debt to Equity
0.79
EPS (TTM)
₹14.92
Book Value
₹76.72
Market Cap
—
P/E (TTM)
57.30
P/B
11.14
ROE
22.10%
Dividend Yield
0.72%
EBITDA
₹972 Cr
52W High
₹1,224.50
52W Low
₹793.65
Day Range
₹832.40 – ₹869.10
Volume
18,871

Peer Comparison

Consumer Discretionary › Consumer Goods › Footwear

Metro Brands peer comparison
Metro Brands (this company)
₹854.9057.30₹23,027 Cr11.140.72%22.10%20.10%₹2,956 Cr₹412 Cr
Bata
₹633.2055.69₹8,059 Cr5.103.85%10.60%12.70%₹3,553 Cr₹146 Cr
Relaxo Footwears
₹289.2538.83₹7,152 Cr3.261.23%8.33%11.20%₹2,753 Cr₹186 Cr
Campus Activewear
₹199.7839.64₹6,007 Cr6.740.77%18.00%21.20%₹1,816 Cr₹154 Cr
Redtape
₹105.9823.82₹5,927 Cr5.731.87%26.60%24.50%₹2,436 Cr₹247 Cr
Sreeleathers
₹262.0018.49₹614 Cr1.220.76%4.70%6.97%₹258 Cr₹33 Cr
Liberty Shoes
₹191.7338.19₹323 Cr1.401.33%4.82%7.91%₹737 Cr₹9 Cr
Median 7 companies₹262.0038.83₹6,007 Cr5.101.23%10.60%12.70%₹2,436 Cr₹154 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

Category scores

Quality
68
Strong
Returns, margins, earnings quality 22% weight
Valuation
44
Weak
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
31
Poor
Solvency, leverage, coverage 9% weight
Momentum
13
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 76.0%

Weaknesses

1
  • Stock is trading at 11.1 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish775
OscillatorsNeutral171
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.03
Neutral
MACD (12,26,9)
−15.83
Bullish
SMA (50)
887.24
Bearish
SMA (200)
985.26
Bearish

As of

Analyst Rating

Based on 19 analysts
BUY74%

14 of 19 analysts rate Buy, 5 Hold, 0 Sell.

As of

BUY
14
74%
HOLD
5
26%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.56%
5Y+29.06%
3Y+10.43%
1Y+14.24%
TTM+15.47%

Net profit

Net profit growth by window
10Y+16.94%
5Y+44.96%
3Y+4.46%
1Y+17.51%
TTM+14.13%

Operating cash flow

Operating cash flow growth by window
10Y—
5Y+12.33%
3Y+7.55%
1Y−32.09%
TTM—

10Y: The statements do not go back far enough for this window.

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+13.05 pp
5Y+8.60 pp
3Y−1.49 pp
1Y+0.20 pp
TTM−0.05 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹910 Cr
Mar 2018₹1,075 Cr
Mar 2019₹1,217 Cr
Mar 2020₹1,285 Cr
Mar 2021₹800 Cr
Mar 2022₹1,343 Cr
Mar 2023₹2,127 Cr
Mar 2024₹2,357 Cr
Mar 2025₹2,507 Cr
Mar 2026₹2,864 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹95.00 Cr
Mar 2018₹142 Cr
Mar 2019₹153 Cr
Mar 2020₹161 Cr
Mar 2021₹65.00 Cr
Mar 2022₹214 Cr
Mar 2023₹365 Cr
Mar 2024₹415 Cr
Mar 2025₹354 Cr
Mar 2026₹416 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹301 Cr +36.5% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

Metro Brands Ltd trades at ₹829.15 as of 2026-11-02 with a market cap of ₹22,857 crore. The company commands a PE of 55.57x and a price-to-book of 10.81x, reflecting premium valuations, while maintaining a solid ROE of 20.52% and a healthy dividend payout of 76.0%. The stock is down roughly 32% from its 52-week high of ₹1,224.50, sitting close to its 52-week low of ₹793.65.

Bull Case 6
  • Consistent long-term sales growth with a 10-year compounded sales CAGR of 14% and a 5-year CAGR of 29%, indicating sustained business expansion in India's branded footwear market.
  • ROE has remained stable and attractive at 21-22% over 3-year, 5-year, and 10-year periods, with the last year at 22% and TTM at 20.52%, reflecting efficient capital allocation.
  • Compounded profit growth of 17% over 10 years and 44% over 5 years demonstrates the company's ability to scale earnings over long horizons.
  • Healthy dividend payout ratio of 76.0% signals shareholder-friendly capital return policies and management confidence in cash flow generation.
  • TTM sales growth of 15% and TTM profit growth of 14% indicate that the business continues to grow at a reasonable pace in the most recent period.
  • Debt-to-equity ratio of 0.79 remains manageable, suggesting the balance sheet is not excessively leveraged for a retail business with lease obligations.
Bear Case 7
  • Price-to-book of 10.81x (trading at 11.1 times book value) is elevated and implies the market is pricing in significant future growth that must be delivered.
  • The stock has delivered a 1-year return of -35% and a 3-year CAGR of -11%, indicating sustained destruction of shareholder value over recent periods.
  • 3-year compounded profit growth has decelerated to just 5%, a sharp slowdown from the 5-year figure of 44%, pointing to a possible growth plateau.
  • 3-year compounded sales growth of 10% is notably lower than the 5-year figure of 29%, suggesting a moderation in topline momentum.
  • Dividend yield of just 0.73% offers limited income support for investors despite the high payout ratio, as the elevated stock valuation compresses yield.
  • ROCE of 19.58% trails the ROE of 20.52%, and when viewed alongside a debt-to-equity of 0.79, suggests that leverage is contributing to equity returns without proportionally boosting capital efficiency.
  • A 32% decline from the 52-week high of ₹1,224.50 to the current price of ₹829.15 reflects a significant de-rating, and the premium valuation multiples suggest further contraction is possible if earnings miss expectations.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Metro Brands delivered solid Q2FY27 results with 14% PAT growth and ~215bp gross margin expansion, though revenue growth moderated to ~12% YoY and pre-IND AS profitability was muted by higher rentals. Near-term headwinds include store opening delays, supply constraints, and elevated valuations keeping the stock range-bound. The long-term story remains intact with a 13% EPS CAGR expected through FY29, driven by new brand launches and omni-channel growth. Execution on Walkway expansion and new format stores will be key to watch in coming quarters.

Headwinds 4
  • Revenue growth moderation in Q2 Oct 19

    Revenue growth moderated to ~12% YoY in Q2FY27 due to festive date shifts, with pre-IND AS EBITDA and PAT growing only ~8% and 2% YoY respectively.

  • New format store delays Oct 19

    Delays in new format store openings and scalability issues persist amid supply constraints, potentially weighing on near-term expansion plans.

  • Higher rentals squeeze margins Oct 19

    Operating deleverage from higher rentals and lower treasury income led to muted pre-IND AS profitability growth despite reported EBITDA surging ~16% YoY.

Positives 6
  • Q2FY27 PAT up 14% YoY Oct 15

    Standalone net profit rose 14% YoY to ₹73 crore in Q2FY27, with revenue from operations growing 11.9% YoY to ₹711.79 crore on strong footwear and accessories demand.

  • Gross margin expansion ~215bp Oct 19

    Reported EBITDA surged ~16% YoY in Q2 as ~215bp YoY gross margin expansion offset higher minimum wage costs.

  • Omni-channel at ~14% of sales Oct 19

    Online and omni-channel contribution reached approximately 14% of total sales with 12% YoY growth in Q2, supporting digital expansion.

Quarterly Results

₹ Cr
METROBRAND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
583
556
636
583
576
585
703
643
628
651
811
773
720
730
Expenses
396
400
437
424
396
431
478
446
434
480
546
535
506
533
Operating Profit
187
155
199
159
180
155
225
197
194
171
265
238
215
197
OPM %
32%
28%
31%
27%
31%
26%
32%
31%
31%
26%
33%
31%
30%
27%
Other Income
14
16
16
24.35
23
23.36
23.2
23
29
28
16.11
31.35
26.31
23
Interest
18
20
20
20
21
22
23
24
24
29
29
29
30
30
Depreciation
54
57
59
59
60
62
66
70
69
78
80
84
85
88
PBT
128
95
136
105
123
94
159
126
131
91
172
156
126
103
Tax %
28%
29%
28%
−48%
25%
24%
41%
24%
24%
24%
25%
25%
25%
25%
Net Profit
94
68
99
156
92
72
95
95
99
69
130
118
95
77
EPS (₹)
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
—

Sep 2026: from the results filed on 15 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
METROBRAND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1,991
2,068
Operating Profit
132
140
152
227
337
355
175
412
680
704
759
873
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
100
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 (₹)
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

₹ Cr
METROBRAND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
1,984
CWIP
0
1
4
6
4
13
5
6
18
9
9
18
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

₹ Cr
METROBRAND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
69

Ratios

METROBRAND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
273
Days Payable
92
82
89
108
129
129
207
141
126
99
81
89
Cash Conversion Cycle
148
146
145
119
129
132
109
155
168
186
160
197
Working Capital Days
79
75
66
55
65
43
25
41
56
52
58
64
ROCE %
39%
36%
32%
40%
31%
21%
9%
20%
24%
20%
19%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Metro Brands insights

63 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.78%
  • Public 16.50%
  • DIIs 8.66%
  • FIIs 2.76%
  • Others 0.29%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Metro Brands

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, including…
Where is Metro Brands Ltd (METROBRAND) listed?
Metro Brands Ltd trades as METROBRAND on the NSE and under code 543426 on the BSE.
Which sector does Metro Brands Ltd belong to?
Metro Brands Ltd is classified under the Consumer Goods sector, in the Footwear industry.
What is the PE ratio of Metro Brands Ltd?
Metro Brands Ltd trades at a PE ratio of 57.30 as of 4 Nov 2026, on earnings per share of ₹14.92, against a book value of ₹76.72 per share.
What is the 52-week high and low of Metro Brands Ltd?
Over the last 52 weeks Metro Brands Ltd has traded between ₹793.65 and ₹1,224.5 as of 4 Nov 2026.
Does Metro Brands Ltd pay dividends?
Metro Brands Ltd has a dividend yield of 0.72%.
What is the Return on Equity (ROE) of Metro Brands Ltd?
Metro Brands Ltd reported a return on equity of 22.10%. Its debt-to-equity ratio is 0.79.

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.

Website metrobrands.com
Listed 22 Dec 2021
Face Value ₹5

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