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Metro Brands
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Metro Brands Share price and Fundamental Analysis
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Company History
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.
Metro Brands Share Price
Metro Brands share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Metro Brands Market Cap
Market capitalization of Metro Brands indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Metro Brands is valued compared to its competitors.
Metro Brands PE Ratio
Metro Brands PE ratio helps investors understand what is the market value of each stock compared to Metro Brands 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Metro Brands PEG Ratio
The PEG ratio of Metro Brands evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Metro Brands ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Metro Brands generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Metro Brands ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Metro Brands in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Metro Brands Total Debt
Total debt of Metro Brands shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Metro Brands Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Metro Brands compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Metro Brands CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Metro Brands over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Metro Brands Technical Analysis
Technical analysis of Metro Brands helps investors get an insight into when they can enter or exit the stock. Key components of Metro Brands Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Metro Brands shares often struggle to rise above due to selling pressure.
Metro Brands Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Metro Brands ’s financial health and profitability.
Metro Brands Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Metro Brands Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Metro Brands Financials
The financials of Metro Brands provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Metro Brands Profit and Loss Statements
The profit and loss statement of Metro Brands highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Metro Brands .
Metro Brands Balance Sheet
The balance sheet presents a snapshot of Metro Brands ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Metro Brands Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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