Metro Brands (MBL; CMP: Rs 875; Market cap: Rs 23,782 crore) posted a strong set of results in Q3FY23. Contrary to the commentary by various retail companies, which indicated some softening in demand in the post-festive period, MBL witnessed continued strong momentum towards the end of the quarter as well.
MBL has a huge runway for growth and it is fast expanding its store network. The acquisition of Fila and Proline brands via the Cravatex Brand acquisition fills a key gap in the MBL product portfolio, and has a huge growth potential in the long run.
Sales of accessories, and continued focus on premium products will provide additional growth triggers.
Market Cap ₹ 23,208 Cr. Current Price ₹ 854 High / Low ₹ 981 / 446 Stock P/E 64.2 Book Value ₹ 52.5 Dividend Yield 0.29 % ROCE 19.9 % ROE 20.2 % Face Value ₹ 5.00 Debt ₹ 805 Cr. EPS ₹ 13.3 PEG Ratio 3.47 Promoter holding 74.2 % Intrinsic Value ₹ 193 Pledged percentage 0.00 % EVEBITDA 33.3
PROS:-
Company has been maintaining a healthy dividend payout of 37.6%
CONS:-
Stock is trading at 16.3 times its book value The company has delivered a poor sales growth of 8.09% over past five years
Yar bhai log company to achi hai bahut,,results bhi ache he aye hain dekho ye sayad new high banane ki taraf ja skta hai very soon mera target isme 1100+ hai..kisi ko stop loss lagana hai to laga do 785 ke aspas.
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