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Top Market Expert Said- Buy This Footwear Company Share; ₹1500 Share Target Price

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Metro Brands Ltd (NSE: METROBRAND): Global brokerage firm has said in a note that the stock of footwear company Metro Brands may see a rise of up to 28% in the next 12 months. 

The brokerage firm believes that this company will take full advantage of the opportunities in the sports and athleisure segment. Metro Brands has recently entered the sports and athleisure segment with a strategic agreement with Fila.

Brokerage has included two Indian footwear companies in its coverage list. The first one is Metro Brands, on which a target price of ₹1500 per share has been fixed with a ‘buy’ opinion. 

At the same time, along with a ‘neutral’ rating, a target price of ₹ 1,470 per share has been fixed on Bata India. This stock is expected to rise by 7% from the last closing price.

Why Is There A Forecast Of A Rise In Metro Brands?

The brokerage firm says that the reach of branded footwear is increasing rapidly in India. This can also be gauged from the fact that unbranded footwear’s market share has decreased from 85% to 75%. 

Global trends also predict a growth of 40%-60% in the footwear market. It is interesting to note that the growth in sales comes largely from the top fifteen brands.

In such a situation, any multi-retailer in India has a lot of opportunities to take advantage of this.

Why Metro Brands?

Brokerage says that Metro Brands will expand Fila’s business rapidly from the business year 2025. This work will be done by increasing the Metro and Mochi store network. 

Fila also plans to expand its reach through online and exclusive brand outlets. The brokerage firm believes that by 2035, the share of the sports and athleisure business’s income in the company will reach 17%.

Metro Brands is in a better position due to premiumization opportunities like sports and athleisure.

About Metro Brands Ltd Company 

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₹ 30,549 Cr.
Current Price₹ 1,128
52-wk High₹1,441 
52-wk Low₹764
Stock P/E93.8
Book Value₹ 61.6
Dividend0.36 %
ROCE24.3 %
ROE25.4 %
Face Value₹ 5.00
P/B Value18.2
OPM29.5 %
EPS₹ 12.0
Debt₹ 1,060 Cr.
Debt to Equity0.63

Metro Brands Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1295₹1500
2025₹1523₹1580
2026₹1600₹1742
2027₹1800₹1850
2028₹1900₹2089
2029₹2100₹2200
2030₹2280₹2370
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Metro Brands Ltd Shareholding Pattern

Promoters Holding
Dec 202274.20%
Mar  202374.20%
June 202374.20%
Sept  202374.20%
Dec 202374.17%
FII Holding
Dec 20223.22%
Mar  20232.80%
June 20232.61%
Sept  20232.33%
Dec 20232.69%
DII Holding
Dec 20224.93%
Mar  20235.29%
June 20235.72%
Sept  20236.10%
Dec 20235.98%
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Public Holding
Dec 202217.65%
Mar  202317.72%
June 202317.45%
Sept  202317.36%
Dec 202317.16%

Metro Brands Ltd Share: Last 5 Years’ Financial Condition

To better understand 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
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Last 5 Years’ Debt-To-Equity Ratio:

2019–-
2020–-
2021–-
20220
20230

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%

Sales Growth Over 10 Years:

10 Years:–-
5 Years:15%
3 Years:18%
Current Year:17%

Conclusion

This article is a complete guide about Metro Brands Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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