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Indian footwear retailer operating Metro, Mochi, Walkway store brands and the India Crocs franchise.
Indian footwear retailer operating Metro, Mochi, Walkway store brands and the India Crocs franchise.
Sells mostly through its own stores, so it keeps the retail margin and carries the rent and staff costs; its own brands are joined by third-party names such as Crocs, sold under franchise terms. Founded by the Malik family, which remains the promoter; it listed in 2021.
Moat: narrow (brand, distribution). Long-standing store network and multi-brand portfolio, but Bata and online players compete hard on price and reach.
Headquarters: Mumbai, India · Founded: 1947 · Employees: 6,854
Size Metro Brands (METROBRAND.NS) is an India Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $2.39B, the 337th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹824.55 on 6 Nov 2026.
Performance Over six months the shares fell 20.0%, against +2.1% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 15.6% over the last twelve months (peer median +6.5%); the operating margin is 19.1% (peer median 8.5%).
Valuation It trades at 49.2× forward earnings against a peer median of 14.6× (3rd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.6 points above its cost of capital (12.3% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹30.3B | ₹28.6B | ₹25.1B | ₹23.6B | ₹21.3B |
| Revenue growth | — | +14% | +6% | +11% | — |
| Gross profit | ₹11.3B | ₹9.73B | ₹8.60B | ₹8.42B | ₹8.12B |
| EBITDA | ₹9.15B | ₹8.82B | ₹7.69B | ₹7.09B | ₹6.84B |
| Net income | ₹4.15B | ₹4.11B | ₹3.51B | ₹4.13B | ₹3.61B |
| Free cash flow | n/a | ₹3.87B | ₹6.59B | ₹5.22B | ₹3.02B |
| Capital expenditure | n/a | ₹1.39B | ₹874M | ₹1.16B | ₹996M |
| Total debt | ₹16.0B | ₹15.7B | ₹12.3B | ₹11.0B | ₹9.43B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Metro Brands METROBRAND.NS | $2.39B | -20% | +16% | 19% | 49.2× | 34.1% |
| Bata India BATAINDIA.NS | $868M | -12% | +5% | 9% | 39.2× | 28.9% |
| Relaxo Footwears RELAXO.NS | $768M | -4% | +2% | 8% | 32.5× | 33.5% |
| Campus Activewear CAMPUS.NS | $640M | -21% | +14% | 11% | 30.3× | 32.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | METROBRAND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.1% | +5.1% | 6th lowest of 21 |
| 6-month return | -20.0% | +2.1% | 5th lowest of 20 |
| Distance from 52-week high | -32.7% | -27.6% | 8th lowest of 21 |
| Revenue growth (TTM) | +15.6% | +6.5% | 4th highest of 21 |
| Operating margin | 19.1% | 8.5% | 3rd highest of 21 |
| Forward P/E | 49.2× | 14.6× | 3rd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 34.1% | 7.7% | most demanding of 20 |
| Growth delivered (Del g) | +29.1% | +10.8% | 2nd highest of 19 |
| Hurdle (Req g minus delivered) | +5.1 pp | -9.4 pp | 5th most demanding of 19 |
| ROIC minus cost of capital | +1.6 pp | +0.8 pp | 10th highest of 20 |
| EV / EBITDA | 25.8× | 7.8× | 2nd most expensive of 19 |
| Net debt / EBITDA | 1.0× | 0.7× | 10th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Metro Brands METROBRAND.NS | India | $2.39B | -20% | +16% | 19% | 49.2× | 34.1% | +29.1% |
| Sailvan Times 301381.SZ | China | $2.39B | +25% | +14% | 4% | 25.4× | 14.9% | +17.6% |
| Buckle BKE | United States | $2.16B | -20% | +6% | 22% | 10.3× | -5.2% | +7.6% |
| Capri CPRI | United States | $2.12B | +11% | -14% | 3% | 9.4× | 21.3% | -3.1% |
| Modivo MDV.WA | Poland | $2.01B | +29% | +4% | 2% | 34.1× | 23.3% | +15.9% |
| OVS OVS.MI | Italy | $1.74B | +15% | +10% | 7% | 14.8× | 12.8% | +11.4% |
| American Eagle Outfitters AEO | United States | $3.34B | +19% | +8% | 9% | 11.1× | 0.9% | +8.1% |
| PAL 2726.T | Japan | $1.58B | -4% | +7% | 11% | 13.6× | -15.4% | +16.7% |
| Premier Investments PMV.AX | Australia | $1.57B | +22% | -3% | 14% | 14.9× | 9.4% | -11.0% |
| Boot Barn BOOT | United States | $3.92B | -20% | +17% | 14% | 14.6× | 14.3% | +20.3% |
| Vishal Mega Mart VMM.NS | India | $4.67B | -25% | +18% | 9% | 43.8× | 32.3% | +19.4% |
| SHIMAMURA 8227.T | Japan | $4.69B | +2% | +5% | 9% | 14.3× | -9.9% | +5.2% |
| Carter's CRI | United States | $1.17B | -9% | +5% | 10% | 9.9× | -13.2% | -0.8% |
| Reformation REF | United States | $1.07B | n/a | +16% | 6% | 57.7× | n/a | n/a |
| Aditya Birla Lifestyle Brands ABLBL.NS | India | $995M | -35% | +7% | 7% | 32.4× | 22.2% | n/a |
| JD Sports Fashion JD..L | United Kingdom | $6.03B | +37% | +2% | 7% | 9.0× | 1.4% | +15.5% |
| Winmark WINA | United States | $944M | -29% | +9% | 60% | 23.9× | 7.7% | +5.4% |
| AOKI 8214.T | Japan | $912M | +10% | 0% | 8% | n/a | -5.3% | +6.3% |
| Abercrombie & Fitch ANF | United States | $6.35B | +57% | +5% | 14% | 12.1× | -2.7% | +11.0% |
| AND ST HD 2685.T | Japan | $900M | +2% | +3% | 6% | 12.0× | -15.3% | +10.6% |
| Brainbees Solutions FIRSTCRY.NS | India | $883M | -33% | +12% | -2% | 194.4× | 20.1% | +39.8% |