Metro Brands (NSE: METROBRAND) share: Veteran investor portfolio stock Metro Brands witnessed tremendous buying on the Last trading day and hit an 20% upper circuit.
On the forth trading day of the week, that is on Thursday, this stock has seen a little bit correction and the price is at Rs 1171.60.
On the Last closing day, some profit-booking was seen at the time of closing and the share closed at Rs 1175.15 with a gain of 13.42%.
Details Of Shareholding Pattern
Talking about the shareholding pattern of Metro Brands Limited, a 74.17 percent stake is with the promoter. At the same time, public shareholding is 25.83 percent.
The promoters or promoter groups of the company include Mumtaz Jaffer, Suleman Sadruddin Bhanji, Rafiq Malik, Farah Malik Bhanji, and Alisha Rafiq Malik.
Let us inform you that Rekha Jhunjhunwala, wife of late veteran investor Rakesh Jhunjhunwala, held a 4.8 percent stake in the company at the end of December.
This is equivalent to 1,30,51,206 shares.
December Quarter Situation
Metro Brands reported a net income of Rs 113 crores during the period October-December.
However, revenue from operations rose 6.14% to Rs 635.5 crore during the quarter, compared to Rs 598.7 crore in the year-ago period.
Let us tell you that Metro Brands Limited was started in 1955 and since then it has grown as a one-stop-shop for all footwear needs.
Let us tell you that the IPO of Jhunjhunwala family-backed Metro Brands came in December 2021.
This IPO price band was fixed at Rs 485-500. The company disappointed investors on the day of listing.
Stock Market Condition:
The stock market was volatile on, the forth trading day of the week.
BSE’s 30-share index Sensex closed at 72,800.91 points with a gain of 699.22 points or 0.97 percent.
During trading, the Sensex also touched a high of 72,402.67 points and a low of 71,674.42 points.
The National Stock Exchange Nifty Index closed at 21,839.10, an increase of 21.65 points or 0.1 percent.
About Metro Brands Ltd
Metro Brands Limited is an Indian-based specialty retailer. The company sells a variety of products that are branded for women, men, and children and any occasion, such as formal and casual events.
The Company has products under its brands like Mochi, Metro, Da Vinchi Walkway, and J. Fontini along with other third-party brands like Crocs, Skechers, Clarks and Fitflop, Proline, and Fila.
The Company has 739 stores in 174 cities across thirty-one states & union territories within India.
It markets its products via its websites, numerous marketplaces for e-commerce, & various social platforms.
Fundamental Analysis of Metro Brands Ltd
| Market Cap | ₹ 31,971 Cr. |
| Current Price | ₹ 1,173.55 |
| 52-wk High | ₹1,441 |
| 52-wk Low | ₹764 |
| Stock P/E | 98.1 |
| Book Value | ₹ 61.6 |
| Dividend | 0.34 % |
| ROCE | 24.3 % |
| ROE | 25.4 % |
| Face Value | ₹ 5.00 |
| P/B Value | 19.1 |
| OPM | 29.5 % |
| EPS | ₹ 12.0 |
| Debt | ₹ 1,060 Cr. |
| Debt to Equity | 0.63 |
Metro Brands Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1295 | ₹1500 |
| 2025 | ₹1523 | ₹1580 |
| 2026 | ₹1600 | ₹1742 |
| 2027 | ₹1800 | ₹1850 |
| 2028 | ₹1900 | ₹2089 |
| 2029 | ₹2100 | ₹2200 |
| 2030 | ₹2280 | ₹2370 |
Metro Brands Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.20% |
| Mar 2023 | 74.20% |
| June 2023 | 74.20% |
| Sept 2023 | 74.20% |
| Dec 2023 | 74.17% |
| FII Holding | |
| Dec 2022 | 3.22% |
| Mar 2023 | 2.80% |
| June 2023 | 2.61% |
| Sept 2023 | 2.33% |
| Dec 2023 | 2.69% |
| DII Holding | |
| Dec 2022 | 4.93% |
| Mar 2023 | 5.29% |
| June 2023 | 5.72% |
| Sept 2023 | 6.10% |
| Dec 2023 | 5.98% |
| Public Holding | |
| Dec 2022 | 17.65% |
| Mar 2023 | 17.72% |
| June 2023 | 17.45% |
| Sept 2023 | 17.36% |
| Dec 2023 | 17.16% |
Metro Brands Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹1,217 Cr |
| 2020 | ₹1,285 Cr |
| 2021 | ₹800 Cr |
| 2022 | ₹1,343 Cr |
| 2023 | ₹2,318 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹153 Cr |
| 2020 | ₹161 Cr |
| 2021 | ₹65 Cr |
| 2022 | ₹214 Cr |
| 2023 | ₹329 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | –- |
| 2020 | –- |
| 2021 | –- |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | –- |
| 5 Years: | 21% |
| 3 Years: | 31% |
| Current Year: | -10% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 25% |
Last 10 Years’ Sales Growth:
| 10 Years: | –- |
| 5 Years: | 15% |
| 3 Years: | 18% |
| Current Year: | 17% |
Conclusion
This article is a complete guide about Metro Brands Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
