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Metro Brands Ltd Performance

Today's Low
1,058.00
arrowIcon
Today's High
1,092.00
52 Wk Low
794.00
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52 Wk High
1,441.20


Open

1068.05

Traded Value (Cr)

12.38 Cr

Prev. Close

1074.55

VWAP

1074.59

Volume

1,80,272

Face Value

5

Metro Brands Ltd Fundamentals

Market Cap
₹ 28,206 Cr
P/E Ratio (TTM)
86.59
P/B Ratio
16.85
Debt to Equity
0.63
ROE
20.31 %
EPS (TTM)
11.98
Dividend Yield
0.39%
Book Value
61.55

Click here to know more about Fundamentals

Metro Brands Ltd Financials

Metro Brands Ltd Financials

Metro Brands Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 74.16 % 74.17 % 74.21 % 74.20 %
Retail 16.65 % 16.64 % 16.88 % 16.94 %
Mutual Funds 5.23 % 5.27 % 5.41 % 5.22 %
FII 2.68 % 2.68 % 2.33 % 2.61 %
Others 1.29 % 1.24 % 1.17 % 1.02 %

Promoters

74.16%

Retail

16.65%

Mutual Funds

5.23%

FII

2.68%

Others

1.29%

Promoters

74.17%

Retail

16.64%

Mutual Funds

5.27%

FII

2.68%

Others

1.24%

Promoters

74.21%

Retail

16.88%

Mutual Funds

5.41%

FII

2.33%

Others

1.17%

Promoters

74.20%

Retail

16.94%

Mutual Funds

5.22%

FII

2.61%

Others

1.02%

Resistance and Support

₹1,154.65

PIVOT

resistance-arrow
Resistance
First Resistance₹1,189.300
Second Resistance₹1,248.450
Third Resistance₹1,283.100
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Support
First Resistance₹1,095.500
Second Resistance₹1,060.850
Third Resistance₹1,001.700
RSI31.317
MACD-23.267
ADX9.684
CCI-46.565

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day180,27255,99548.36
Week161,87797,43858.37
1 Month561,782147,25551.45
6 Months180,27280,58444.70

About Metro Brands Ltd

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.

Managing Director

FARAH MALIK BHANJI

Founded

1977

NSE Symbol

METROBRAND

Metro Brands Ltd Management

NameDesignation
Rafique A MalikExecutive Chairman
FARAH MALIK BHANJIManaging Director
Mohammed Iqbal Hasanally DossaniWhole-time Director
Utpal SethNominee
M K MaheshwariIndependent Director
A B AdvaniIndependent Director
Arvind Kumar SinghalIndependent Director
VIKAS VIJAYKUMAR KHEMANIIndependent Director
Srikanth Ramakrishna VelamakanniIndependent Director
DEEPA SOODVice President & CS
Mithun Padamchand SachetiIndependent Director

Metro Brands Ltd News

CARE reaffirms credit ratings of Metro Brands with 'stable' outlook
Metro Brands said that CARE Ratings has reaffirmed its rating on the long-term facilities of the company at 'CARE AA’ with 'stable’ outlook.
Metro Brands receives affirmation in credit ratings for bank facilities
From CARE
Volumes spurt at Metro Brands Ltd counter
Metro Brands Ltd notched up volume of 30.4 lakh shares by 14:14 IST on NSE, a 9.12 fold spurt over two-week average daily volume of 3.33 lakh shares
Metro Brands Ltd leads gainers in 'A' group
L T Foods Ltd, Time Technoplast Ltd, Chalet Hotels Ltd and Eicher Motors Ltd are among the other gainers in the BSE's 'A' group today, 20 March 2024.
Metro Brands receives NCLT approval for scheme of arrangement
Metro Brands allots 14,892 equity shares under ESOP
Metro Brands allots 22,593 equity shares under ESOP
Board of Metro Brands recommends Interim Dividend
Of Rs.2.75 per share
Metro Brands slides after Q3 PAT falls 3% YoY to Rs 111 cr
Metro Brands declined 4.91% to Rs 1143 after the company reported 3% decline in standalone net profit to Rs 111.19 crore in Q3 FY24 as compared with Rs 114.63 crore in Q3 FY23.
Metro Brands consolidated net profit declines 12.63% in the December 2023 quarter
Sales rise 6.14% to Rs 635.50 crore

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Metro Brands Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Metro Brands Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Metro Brands Ltd's share price is ₹1,068.85 as of April 19, 2024

Metro Brands Ltd's P/E ratio is 86.59 times as of April 19, 2024.

Metro Brands Ltd's most recent financial reports indicate a price-to-book ratio of 16.85, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Metro Brands Ltd's market is 28,206 Cr as on April 19, 2024.

The current financial records of Metro Brands Ltd show a 20.31% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Metro Brands Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Metro Brands Ltd's 52-week high and low as of April 19, 2024 are ₹1092 and ₹1058 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Metro Brands Ltd stands at 74.16%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 2.68% to 2.68%.