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Metro Brands Ltd share Price Today

Company details

1,130.25
1,159.00
929.00
1,441.20
6M Return -13.76%
1Y Return 19.04%
Mkt Cap.(Cr) 31,275.55
Volume 624,550
Div Yield 0.43%
OI
-
OI Chg %
-
Volume 624,550

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Footwear company Metro Brands announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Quarterly Revenue Growth: In Q4FY24, Metro Brands Limited achieved a YoY revenue growth of 10%, contributing to the overall growth trajectory of the fiscal year.

  • Ecommerce Sales: For Q4FY24, ecommerce sales (including omni-channel) amounted to Rs 41 crore, marking a YoY growth of 25%.

  • Retail Agreement Extension: During Q4FY24, Metro Brands Ltd. extended its retail agreement with Crocs India, securing exclusive rights to operate and own Crocs stores across the western and southern states of India. Additionally, the company retained rights to continue, renew, and operate all existing stores operational in the northern and eastern states of India.

FY24 Financial Highlights:

  • Standalone Revenue: Metro Brands Limited recorded a Standalone revenue of Rs 2,305 crore in FY24, reflecting a YoY revenue growth of 11%. This growth was primarily driven by sustained consumer demand and strategic efforts.

  • Ecommerce Sales: Ecommerce sales (including omni-channel) for the full year FY24 amounted to Rs 215 crore, representing a YoY growth of 33%.

  • Gross and PAT Margin: In FY24, the company achieved a gross margin of 58% and a Profit After Tax (PAT) margin of 18%.

  • Total Net Stores Opening: Throughout the fiscal year, Metro Brands Limited opened a total of 97 net new stores, indicating expansion efforts and market presence enhancement.

Commenting on the performance of the company Nissan Joseph, CEO, Metro Brands Limited, said, “Despite the high base effect in FY23 due to post Covid19 easing, I am pleased to see our sales grow by 11% YoY. Additionally, our sales per square foot have increased from Rs 17,500 per sq. ft. in FY19 to Rs 18,700 per sq. ft. in FY24, reflecting our successful adaptation to the new market conditions and the ongoing normalization post-Covid. Our strategic initiatives and robust operational frameworks have enabled us to maintain our performance, ensuring that we continue to meet the needs of our customers and stakeholders effectively. We are confident that our agility and customer focused approach will continue to drive growth."

Result PDF

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Metro Brands Ltd shares SWOT Analysis

Strengths (11)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,162.7
R2 1,175.2
R3 1,191.5
Pivot

1,146.48

S1 1,134.0
S2 1,117.7
S3 1,105.2
EMA SMA
1,134.0
1,120.9
1,125.7
1,110.9
1,143.2
1,101.9
1,107.6
1,162.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
ALISHA RAFIQUE MALIK PROMOTER 3.34%
FARAH MALIK BHANJI PROMOTER 1.88%
RAFIQUE ABDUL MALIK PROMOTER 0.99%
Aziza Malik Family Trust (Trustee - Farah Malik Bhanji) PROMOTER 28.11%
Rafique Malik Family Trust (Trustee - Farah Malik Bhanji) PROMOTER 27.72%
Farah Malik Family Trust(Trustee - Rafique Abdul Malik) PROMOTER 1.46%
Zia Malik Family Trust (Trustee - Rafique Abdul Malik) PROMOTER 1.46%
Zarah Malik Family Trust (Trustee - Rafique Abdul Malik) PROMOTER 1.46%
Sabina Malik Family Trust (Trustee - Rafique Abdul Malik) PROMOTER 1.46%
SABINA MALIK HADI PROMOTER 1.89%
ZARAH RAFIQUE MALIK PROMOTER 1.89%
ZIA MALIK LALJI PROMOTER 1.89%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Metro Brands Ltd Stocks COMPARISON

Financials( in Cr) Metro Brands Ltd Relaxo Footwears Ltd Bata India Ltd Campus Activewear Ltd Mayur Uniquoters Ltd
Price 1,150.20 834.10 1,451.80 280.55 659.75
% Change 1.91 -0.04 -1.13 -1.30 8.51
Mcap Cr 31,275.55 20,764.00 18,659.70 8,563.96 2,899.80
Revenue TTM Cr 2,127.10 2,782.77 3,451.57 1,484.25 775.63
Net Profit TTM Cr 363.35 154.47 323.00 117.12 104.21
PE TTM 75.83 103.60 64.00 95.72 23.68
1 Year Return 19.04 -7.54 -9.23 -13.34 30.99
ROCE 24.80 11.61 19.59 22.88 17.66
ROE 25.84 8.55 19.86 23.91 14.27
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,547.71 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05
Metro Brands Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 13, 2024 l NSE Announcement

Metro Brands Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 12, 2024 l NSE Announcement

Metro Brands Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 10, 2024 l NSE Announcement

Date Action Type Ratio
Jan 31, 2024 Dividend 55
Sep 01, 2023 Dividend 30
Jan 27, 2023 Dividend 50

Metro Brands Ltd Information

Stock PE (TTM)
75.83
Promoter Holding
74.16%
Book Value
68.5391
ROCE
24.8%
ROE
25.84%
Description
  • Metro Brands Limited was originally incorporated as Metro Shoes Private Limited on 19 January 1977, at Mumbai, Maharashtra. Thereafter, the company converted into a Private Limited Company and name was changed to Metro Shoes Private Limited with effect from 16 October 2002. Subsequently, the Company was again changed to Metro Shoes Limited on 21 March 2007. A fresh Certificate of Incorporation consequent to change of name was issued by the RoC on 14 May 2007. Thereafter, name of the Company was further changed to Metro Brands Limited on 06 September 2018. The Company is a retailer in fashion footwear, bags and accessories operating into premium and economy category. Metro Brands is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category. The Company retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks and Fitflop, which complement the in-house brands. The company opened its first store under the Metro brand in Mumbai in 1955, and have since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. As of 31 March 2022, the company operated 624 Stores across 142 cities spread across 30 States and Union Territories in India. The company retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certainthird-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands.The company also offer accessories such as belts,bags, socks, masks and wallets, at its stores. The company also retail footcare and shoe-care products at its stores through the joint venture, M. V. Shoe Care Private Limited. The Company commenced business in the year 1986 with few Showrooms, and currently has showrooms in the major cities of India. During the year 2003-04, the company opened 5 new showrooms at Hyderabad, Vashi, Bangalore and Kolkata. In November 2003, the company launched `Signatures by Metro` a premium range of footwear collections exclusively designed by the renowned Fashion Designers Rohit Bal, Manish Malhotra and Azeem Khan for the luxury fashion-conscious customers. They re-started the business after full renovations in their showroom at Abids, Hyderabad, with effect from May 28, 2004. During the year 2005-06, the company expanded their network by opening 13 new showrooms. They successfully re-started business after full renovations in their Showrooms at Pune (Deccan Gymkhana) on August 12, 2005 and Mumbai (Crawford Market) on September 13, 2005. In February 23, 2006, they celebrated their `50 Stores Opening Ceremony` in Mumbai. During the year 2006-07, the company expanded their network by opening 11 new Showrooms. They discontinued their operations in 1 showroom. They opened their first showrooms in Jalandhar, Gurgaon, and Coimbatore. In December 2006, they started their operations in Dehradun in Uttarakhand in addition to Byculla unit. During the year, the company completely renovated their Showrooms at Pune (M.G.Road), Ahmedabad (Relief Road), Surat (Bhaga Talao) and Mumbai (Linking Road). Also, they opened the renovated and expanded Showroom at Brigade Road, Bangalore which is the Largest Shoe Showroom in Bangalore. During the year, the company received a prestigious award from Franchise India, `the Best Retailer in Footwear Category` for excellence in franchising and business development. In May 14, 2007, the company was converted back into a public limited company. During the year 2007-08, the company expanded their network by opening 14 new Showrooms. They discontinued their operations in 2 Showrooms. They opened their first showrooms in Bhopal, Calicut, Jaipur, Mangalore, Nasik, Noida and Varanasi. They renovated and expanded Showroom at Chennai (T. Nagar) and started the business during the year. During the year, the company was awarded the prestigious `Franchise Awards` for the second consecutive year for being the best retailer in Footwear category. They were rated as one of the most powerful brands in India by `RETAILERS` magazine in their March 2008 issue. During the year 2008-09, the company opened 7 new Showrooms in the cities of Ambala, Bangalore, Mumbai, Pune, Vashi and Vijayawada. They opened their first showroom in the cities of Vijayawada and Ambala. They received ISO 9001-2008 certification for all their activities at their Corporate Office, Warehouse and Colaba Showroom. During the year 2009-10, the company opened 26 showrooms in the cities of Amritsar, Aurangabad, Bangalore, Chennai, Delhi, Hyderabad, Jaipur, Jodhpur, Kalyan, Kolkata, Mumbai, Nagpur, Nasik, Pondicherry, Pune, & Thane. They renovated the showrooms at Oberoi Grand Arcade, Kolkata and one at Sector 17, Chandigarh. During the year, the company promoted Metmill Footwear Pvt Ltd, a 51% subsidiary of the company jointly with Sunil Shah of Millenium Marketing for taking over their footwear business in Shoppers Stop, a leading retail chain of India. The company opened new stores under the brand `MSL`. They opened the first store in Secunderabad. During the year, 5 MSL stores opened in Aurangabad, Hyderabad, Secunderabad and Pune. The company launched E-commerce website `www.metroshoes.net` from October 1, 2009. During the year, the company won `Brand Leadership` Award from Chief Marketing Officer (CMO) Council. The company also received the `Brand Leadership` Award in Footwear Category at World Brand Congress 2009 held at Mumbai. During the year 2010-11, the company opened 15 Showrooms in the cities of Allahabad, Amritsar, Baroda, Chennai, Bangalore, Guwahati, Lucknow, Hyderabad, Mumbai and Varanasi. They closed 1 store at Kakade Center Port, Pune due to closure of mall. Thus, the company expanded their number to 121 in 38 major cities. During the month of December 2021, the Company came out with an Rs 1367-crore Public Issue which comprised a fresh issue of Rs 295 crore and an offer for sale (OFS) of Rs 1072 crore by the selling shareholders.The IPO shares were allotted at the price of Rs 500 per share including a premium of Rs 495 per share ans the allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 22 December 2021. In April 2022, the 1st FitFlop EBO store was launched in Chennai. It reached 600- store landmark. During FY 2022-23, the Company acquired 100% stake in Metro Athleisure Limited (MAL), which consequently was made a wholly owned subsidiary of the Company effective from December 1, 2023. The Company opened 144 new stores including relocation of 13 existing stores, which reached 739 at the end of the FY.

Registered Address

401 Zillion 4th Floor, LBS Marg & CST Road Junction, Mumbai, Maharashtra, 400070

Tel : 91-22-26547700
Email : investor.relations:metrobrands.com
Website : http://www.metrobrands.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543426
NSE Code : METROBRAND
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE317I01021

FAQ’s on Metro Brands Ltd Shares

You can buy Metro Brands Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Metro Brands Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:56 PM the closing price of Metro Brands Ltd was Rs.1,150.20.

The latest PE ratio of Metro Brands Ltd as of Jun 14, 2024 03:56 PM is 75.83

The latest PB ratio of Metro Brands Ltd as of Jun 14, 2024 03:56 PM is 0.06

The 52-week high of Metro Brands Ltd share price is Rs. 1,441.20 while the 52-week low is Rs. 929.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:56 PM, the market cap of Metro Brands Ltd stood at Rs. 31,275.55.

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