METRO BRANDS LIMITED (METROBRAND): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹827.75 latest close · −20.2% over the last 90 sessions

₹827.75 month-end · −29.3% over 12 months

₹827.75 month-end · −39.6% over 3 years

₹827.75 month-end · +80.7% since Dec '21

52-week range ₹793.65 to ₹1224.50 · 1-year volatility 30.0%

Was the rally earned?

1 year3 years

-29%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 11 points, but investors now pay less per rupee of profit (P/E 89.1x to 55.5x), which took 40 points back.
The share count barely moved.

Net profit growth+10 ptsNet profit rose about 13%, which lifts the price.

P/E change-40 ptsThe P/E fell from 89.1x to 55.5x, which lowers the price.

Share count change+1 ptsShare count was little changed. More shares would count against the price.

-40%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 9 points, but investors now pay less per rupee of profit (P/E 103.0x to 55.5x), which took 49 points back.
The share count barely moved.

Net profit growth+9 ptsNet profit rose about 11%, which lifts the price.

P/E change-49 ptsThe P/E fell from 103.0x to 55.5x, which lowers the price.

Share count change+1 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with TRENT

How rough has the ride been?

Maximum drawdown-41.8%not yet recovered

1-year volatility30.0%annualised

Beta vs sector index0.463-year daily, correlation 0.28

Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-41.8% (2024-08 peak to 2026-10 low, not yet recovered)

-25.5% (2023-12 peak to 2024-05 low, recovered 2024-08)

-22.1% (2022-10 peak to 2023-02 low, recovered 2023-05)

Most recent volume spikes

2026-10-16: 6.9x the 50-day median, price +0.2% that day

2026-09-18: 33x the 50-day median, price -1.0% that day

2026-09-11: 16.3x the 50-day median, price -1.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

55.5xP/E todayNear its historic low

Against its own history3rd percentile

CheapestMedian 85.5xDearest

Usual range 67.0x to 128.5x since 2021-12.

Against Retail Trade55.5x vs 22.4x

This company

55.5x

Sector median

22.4x

147% above the Retail Trade median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianRetail Trade median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianRetail Trade median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianRetail Trade median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Retail Trade is valued

Where does it rank among Retail Trade peers?

Each cell is the company's percentile rank among its Retail Trade peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE73rd▼ 8 pts vs a year ago
Op. margin94thflat vs a year ago
Revenue growth37th▼ 9 pts vs a year ago
EPS growth42nd▲ 16 pts vs a year ago
Debt/equity ↓31st▼ 7 pts vs a year ago
Cash cycle ↓23rd▼ 8 pts vs a year ago
P/E ↓28thflat vs a year ago
12M momentum28th▼ 51 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Retail Trade sector page Watch it move against Retail Trade in the Observatory

What is the price implying?

~28%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 64.8x, a holder earning 12%/yr needs earnings to grow about 28.1%/yr for 10 years, then trade at 15x.

Delivered17.1%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap+10.9 ptsimplied minus delivered

Rank306thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	29.6%	30.7%	31.9%
15x	26.9%	28.1%	29.2%
20x	23.6%	24.7%	25.8%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 28.1%/yr

Looking back

Jan 2022Price implied 38%/yr; EPS has since grown 44%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Retail Trade The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹827.75
P/E: 55.5x
ROCE: 20.0%
Market Cap: ₹22573 cr
Revenue (TTM): ₹2955 cr
P/S: 7.6x
P/B: 11.3x
ROE: 20.4%
Operating Margin: 30.0%
Debt / Equity: 0.8x
Promoter Holding: 71.8%
12M Momentum: -29.3%

52-week range

₹793.65₹1224.50

8% of the way from its 52-week low to its high

Price risk

1Y volatility

30.0%

Beta vs sector

1-year daily

0.50

Balance sheet & cash

Interest cover

operating profit ÷ interest

5.7x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.49x

Share count, 1Y

unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold

Other income reliance19%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 19.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.49xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.49x (cash from operations ₹1,762 cr, net profit ₹1,185 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (13 vs 13). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-10 days / 2 yrsWithin range

Days payable changed by -10 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, promoters trimmed 2.4 pts; DIIs added 1.6 pts; FIIs added 1.4 pts.
The number of shareholders fell from 62,690 to 57,942 (-8%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters74.2%71.8%-2.4 pts

FIIs2.3%3.7%+1.4 pts

DIIs6.1%7.7%+1.6 pts

Public and others17.4%16.8%-0.6 pts

Number of shareholders

57,942shareholders-8% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−10.4%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like METRO BRANDS LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −29% to +7% vs the market, against 0% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −10.4%, 80% range −22.4% to −5.8%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months

Similar setups' median

−10.4%

All companies' median

Beat the market

34% vs 50%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
JUBLFOOD Consumer Services	May 2023	76x	21%	−12%	−24%	−29%
TORNTPHARM Health Technology	Feb 2021	40x	15%	+13%	−19%	−6%
UNITDSPR Consumer Non-Durables	Nov 2020	61x	21%	−10%	−25%	+14%
BATAINDIA Consumer Non-Durables	Sep 2020	50x	25%	−23%	−30%	−18%
RAINBOW Health Services	Aug 2024	59x	19%	+20%	−19%	+29%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
AARTIIND Process Industries	Apr 2022	59x	13%	+11%	−23%	−36%
HAPPSTMNDS Technology Services	Jul 2023	59x	30%	−5%	−17%	−40%
BLUEDART Transportation	Jun 2023	46x	26%	−7%	−23%	−25%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to METRO BRANDS LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

BHARTI HEXACOMBHARTIHEXA

Communications

69%similar

debt/equityvolatility

JSW INFRASTRUCTUREJSWINFRA

Industrial Services

60%similar

P/Epromoter holding

BLUE DART EXPRESSBLUEDART

Transportation

59%similar

debt/equityvolatility

MANKIND PHARMAMANKIND

Health Technology

59%similar

P/Epromoter holding

TORRENT PHARMACEUTICALSTORNTPHARM

Health Technology

57%similar

operating marginP/E

REDTAPEREDTAPE

Retail Trade

49%similar

promoter holdingdebt/equity

VEDANT FASHIONSMANYAVAR

Retail Trade

43%similar

operating marginEPS growth

AVENUE SUPERMARTS LTD DMARTDMART

Retail Trade

27%similar

P/Evolatility

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '24

2026
OctPriceFell 42% from the Aug 2024 peak to the Oct 2026 low.
OctPriceVolume reached 6.9x its 50-day median on 2026-10-16; price +0.2% that day.
SepPeer rankSlipped to the 3rd quartile of Retail Trade on EPS growth (from the 2nd quartile).
SepPriceVolume reached 33.0x its 50-day median on 2026-09-18; price -1.0% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankSlipped to the 2nd quartile of Retail Trade on ROCE (from the top quartile).
JunDividendDividend payout cut from 155% to 40% of profit.
MayPriceVolume reached 9.8x its 50-day median on 2026-05-21; price +6.3% that day.

Show 22 earlier events

2026
MarValuationP/E fell below the 10th percentile of its own history to date (62.7x).
MarPeer rankMoved into the 3rd quartile of Retail Trade on EPS growth (from the bottom quartile).
JanPriceVolume reached 70.6x its 50-day median on 2026-01-28; price -3.4% that day.
2025
DecPeer rankSlipped to the bottom quartile of Retail Trade on EPS growth (from the 3rd quartile).
DecPriceVolume reached 23.6x its 50-day median on 2025-12-10; price +9.3% that day.
SepPeer rankMoved into the 3rd quartile of Retail Trade on EPS growth (from the bottom quartile).
JulPriceVolume reached 22.6x its 50-day median on 2025-07-25; price +1.0% that day.
JunResultsYear-on-year EPS growth turned negative.
JunPeer rankSlipped to the bottom quartile of Retail Trade on EPS growth (from the 3rd quartile).
MayPriceVolume reached 15.9x its 50-day median on 2025-05-23; price +1.8% that day.
MarPeer rankSlipped to the 3rd quartile of Retail Trade on EPS growth (from the 2nd quartile).
FebPriceVolume reached 16.9x its 50-day median on 2025-02-03; price +4.8% that day.
2024
DecPromoterPromoter holding fell 2.2 pts to 72.0%.
DecResultsRevenue (TTM) reached a new high of ₹2,380 cr.
DecPriceVolume reached 22.6x its 50-day median on 2024-12-27; price +3.3% that day.
OctValuationP/E fell below the 10th percentile of its own history to date (79.3x).
SepPeer rankMoved into the 2nd quartile of Retail Trade on EPS growth (from the 3rd quartile).
AugPriceRegained the 2023-12 peak, 3 months after the low.
JulPriceVolume reached 30.0x its 50-day median on 2024-07-08; price +5.6% that day.
JunResultsRevenue (TTM) reached a new high of ₹2,357 cr.
JunPeer rankSlipped to the 3rd quartile of Retail Trade on EPS growth (from the top quartile).
JunPriceVolume reached 6.8x its 50-day median on 2024-06-18; price +8.9% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	55.5x	₹2955 cr	20.4%	20.0%	0.8x
2026-10	55.2x	₹2955 cr	20.7%	20.0%	0.8x
2026-09	56.4x	₹2955 cr	20.7%	20.0%	0.8x
2026-08	60.9x	₹2863 cr	20.9%	20.0%	0.8x
2026-07	68.6x	₹2863 cr	20.9%	20.0%	0.8x
2026-06	66.5x	₹2863 cr	20.9%	20.0%	0.8x
2026-05	71.6x	₹2733 cr	23.0%	19.0%	0.7x
2026-04	71.5x	₹2733 cr	23.0%	19.0%	0.7x
2026-03	62.7x	₹2733 cr	23.0%	19.0%	0.7x
2026-02	80.8x	₹2625 cr	20.9%	19.0%	0.7x
2026-01	80.4x	₹2625 cr	20.9%	19.0%	0.7x
2025-12	92.4x	₹2625 cr	20.9%	19.0%	0.7x
2025-11	89.1x	₹2559 cr	21.1%	19.0%	0.7x
2025-10	85.9x	₹2559 cr	21.1%	19.0%	0.7x
2025-09	98.2x	₹2559 cr	21.1%	19.0%	0.7x
2025-08	88.5x	₹2507 cr	20.7%	19.0%	0.7x
2025-07	96.5x	₹2507 cr	20.7%	19.0%	0.7x
2025-06	89.2x	₹2507 cr	20.7%	19.0%	0.7x
2025-05	79.8x	₹2447 cr	22.3%	20.0%	0.6x
2025-04	70.8x	₹2447 cr	22.3%	20.0%	0.6x
2025-03	67.0x	₹2447 cr	22.3%	20.0%	0.6x
2025-02	73.3x	₹2380 cr	22.5%	20.0%	0.6x
2025-01	77.7x	₹2380 cr	22.5%	20.0%	0.6x
2024-12	79.8x	₹2380 cr	22.5%	20.0%	0.6x
2024-11	81.7x	₹2351 cr	22.3%	20.0%	0.6x
2024-10	79.3x	₹2351 cr	22.3%	20.0%	0.6x
2024-09	84.3x	₹2351 cr	22.3%	20.0%	0.6x
2024-08	86.1x	₹2357 cr	22.3%	20.0%	0.6x
2024-07	89.1x	₹2357 cr	22.3%	20.0%	0.6x
2024-06	81.0x	₹2357 cr	22.3%	20.0%	0.6x
2024-05	85.4x	₹2127 cr	23.6%	24.0%	0.6x
2024-04	80.7x	₹2127 cr	23.6%	24.0%	0.6x
2024-03	86.8x	₹2127 cr	23.6%	24.0%	0.6x
2024-02	85.6x	₹2127 cr	23.6%	24.0%	0.6x
2024-01	82.4x	₹2127 cr	23.6%	24.0%	0.6x
2023-12	95.7x	₹2127 cr	23.6%	24.0%	0.6x
2023-11	103.0x	₹2127 cr	23.6%	24.0%	0.6x
2023-10	89.3x	₹2127 cr	23.6%	24.0%	0.6x
2023-09	84.7x	₹2127 cr	23.6%	24.0%	0.6x
2023-08	78.8x	₹2127 cr	23.6%	24.0%	0.6x
2023-07	77.7x	₹2127 cr	23.6%	24.0%	0.6x
2023-06	70.4x	₹2127 cr	23.6%	24.0%	0.6x
2023-05	123.0x	₹1343 cr	16.9%	20.0%	0.5x
2023-04	111.1x	₹1343 cr	16.9%	20.0%	0.5x
2023-03	102.0x	₹1343 cr	16.9%	20.0%	0.5x
2023-02	105.4x	₹1343 cr	16.9%	20.0%	0.5x
2023-01	97.1x	₹1343 cr	16.9%	20.0%	0.5x
2022-12	113.4x	₹1343 cr	16.9%	20.0%	0.5x
2022-11	106.8x	₹1343 cr	16.9%	20.0%	0.5x
2022-10	111.2x	₹1343 cr	16.9%	20.0%	0.5x
2022-09	117.6x	₹1343 cr	16.9%	20.0%	0.5x
2022-08	101.8x	₹1343 cr	16.9%	20.0%	0.5x
2022-07	82.1x	₹1343 cr	16.9%	20.0%	0.5x
2022-06	76.9x	₹1343 cr	16.9%	20.0%	0.5x
2022-05	232.1x	₹800 cr	7.9%	9.0%	0.7x
2022-04	221.8x	₹800 cr	7.9%	9.0%	0.7x
2022-03	238.2x	₹800 cr	7.9%	9.0%	0.7x
2022-02	211.7x	₹800 cr	7.9%	9.0%	0.7x
2022-01	236.9x	₹800 cr	7.9%	9.0%	0.7x
2021-12	178.3x	₹800 cr	7.9%	9.0%	0.7x

Methodology and data notes