- Valuation
- ₹34,770 Cr

About Metro Brands Limited
Data last updated:
Metro Brands Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the footwear retail and distribution segment of the consumer goods sector. It was incorporated on 19 January 1977 and has been in existence for over 49 years.
Its director Rafique Abdul Malik and family are #155 among India's richest people (2026). Its director Mithun Sacheti is #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L19200MH1977PLC019449. Its GSTIN is 27AAACM4754E1ZL (Maharashtra). The company holds 34 GST registrations, of which 32 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543426 and NSE: METROBRAND.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹136.31 Cr. It was formerly known as Mpower Brands Limited and Rm Brands Limited. It is led by directors including Farah Malik Bhanji (Managing Director) and Mohammed Iqbal Hasanally Dossani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,863.63 Cr, a growth of 14.2% compared to the previous year. For the same year it recorded a net profit of ₹408.77 Cr (net margin 14.3%) and EBITDA of ₹867.44 Cr (EBITDA margin 30.3%). The net worth stands at ₹1,993.15 Cr (up 16.6% YoY). Total assets are valued at ₹3,597.84 Cr (up 21.3% YoY).
The company has about 3,668 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 1 joint venture.
The company is associated with 3 brands: Mochi Shoes, Metro Brands and Rulka Electricals. As per MCA filings, the company has open charges of ₹56 Cr and satisfied charges of ₹24.83 Cr on record. Court records list 319 cases involving the company, including 233 filed by the company and 87 filed against it; 87 cases are pending. The company has 6 deals on record (2 funding rounds, 2 market trades, 1 ipo), with disclosed funding of ₹19.07 Cr; the latest was in September 2024. Its 3 peer companies in the Consumer Products industry (Footwear Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 1 larger and 2 smaller; the largest is RJ Corp Limited with revenue of ₹28,841 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,452 overdue payments to 246 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website metrobrands.com.
Company details
Name history
Metro Brands has undergone 9 name changes throughout its history. The current legal name is Metro Brands Limited.
| Company Name | Status |
|---|---|
| Metro Brands Limited | Current |
| Mpower Brands Limited | Previous |
| Rm Brands Limited | Previous |
| Metro Shoes Limited | Previous |
| Metro Shoes Pvt Ltd | Previous |
| Ms Brands Limited | Previous |
| Msl Brands Limited | Previous |
| Metmorphe Brands Limited | Previous |
| Metro Shoes Ltd | Previous |
| Metamorphe Brands Limited | Previous |
CIN history
Metro Brands has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L19200MH1977PLC019449, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L19200MH1977PLC019449 | Current |
| U19200MH1977PLC019449 | Previous |
| U19200MH1977PTC019449 | Previous |
Recognitions & Rankings of Metro Brands
- #155 Rafique Abdul Malik & family ₹23,700 Cr
- #1,055 Mithun Sacheti ₹2,500 Cr
Contact details
Metro Brands Limited's registered office is in Mumbai, Maharashtra. Its website is metrobrands.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address401 Zillion 4th Floor Lbs Marg & Cst Road Junction Kurla (Wes, T), Mumbai, Maharashtra, India – 400070
- IndustryConsumer Goods, Footwear Retail & Distribution
To see the full contact details of Metro Brands Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Metro Brands operates multiple associated brands including Mochi Shoes, Metro Brands, and RULKA ELECTRICALS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online retail of footwear and fashion accessories focusing on comfort and style. | mochishoes.com | |
| Footwear, footcare, and accessories are retailed through multiple outlets. | metrobrands.com | |
| Commercial electrical services are provided for industrial clients. | replservices.com |
Business activity
The main business activity of Metro Brands is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Metro Brands Limited, buy the company report.
Financials of Metro Brands Limited
FY 2025-26 filings availableMetro Brands Limited reported revenue of ₹2,863.63 Cr (up 14.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,864 | 2,507 | 2,357 | 2,127 | 1,343 | 800 | 1,285 |
| Revenue growth | +14.2% | +6.4% | +10.8% | +58.4% | +67.9% | -37.8% | - |
| EBITDA | 867 | 757 | 700 | 679 | 409 | 173 | 353 |
| EBITDA margin | +30.3% | +30.2% | +29.7% | +31.9% | +30.5% | +21.6% | +27.5% |
| Profit before tax | 551 | 504 | 465 | 489 | 283 | 84.51 | 218 |
| Net profit | 409 | 330 | 413 | 358 | 211 | 66.65 | 159 |
| Net profit margin | +14.3% | +13.2% | +17.5% | +16.8% | +15.7% | +8.3% | +12.3% |
| EPS (₹) | 15.09 | 12.88 | 15.17 | 13.30 | 7.79 | 2.57 | 11.80 |
| Balance sheet | |||||||
| Total assets | 3,598 | 2,966 | 2,993 | 2,522 | 1,980 | 1,415 | 1,380 |
| Net worth | 1,993 | 1,709 | 1,864 | 1,548 | 1,265 | 828 | 807 |
| Total debt | 1,570 | 1,227 | 1,098 | 943 | 692 | 567 | 549 |
| Cash & bank | 41.81 | 101 | 112 | 198 | 396 | 87.92 | 10.88 |
| Net working capital | 756 | 670 | 597 | 652 | 641 | 221 | 254 |
| Cash flow | |||||||
| Cash from operations | 474 | 698 | 590 | 381 | 220 | 265 | 273 |
| Cash from investing | (99.99) | 122 | (251) | (51.56) | (301) | (122) | (163) |
| Cash from financing | (436) | (773) | (323) | (359) | 116 | (127) | (112) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 730 | 720 | 773 | 811 | 651 | 628 | 643 | 703 |
| Revenue growth (YoY) | +12.2% | +14.7% | +20.3% | +15.4% | +11.2% | +9.1% | - | - |
| Other income | 23.26 | 26.69 | 31.55 | 16.53 | 28.24 | 29.44 | 23.49 | 23.89 |
| EBITDA | 197 | 215 | 238 | 265 | 171 | 194 | 197 | 225 |
| EBITDA margin | +27.0% | +29.8% | +30.8% | +32.7% | +26.2% | +30.9% | +30.7% | +32.0% |
| Depreciation | 87.91 | 84.97 | 83.83 | 79.94 | 78.40 | 68.84 | 70.10 | 65.50 |
| Interest | 30.00 | 29.62 | 29.01 | 28.81 | 29.44 | 23.68 | 24.39 | 23.47 |
| Profit before tax | 103 | 127 | 157 | 173 | 91.12 | 131 | 126 | 160 |
| Tax | 25.48 | 31.49 | 38.87 | 42.34 | 22.14 | 32.02 | 30.87 | 64.88 |
| Net profit | 77.28 | 95.26 | 118 | 130 | 68.98 | 98.80 | 95.34 | 95.08 |
| EPS (₹) | 2.77 | 3.43 | 4.27 | 4.70 | 2.48 | 3.61 | 3.47 | 3.46 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,797 | 2,450 | 2,305 | 2,071 | 1,312 | 789 | 1,210 |
| Revenue growth | +14.2% | +6.3% | +11.3% | +57.8% | +66.4% | -34.8% | - |
| EBITDA | 854 | 748 | 703 | 667 | 403 | 178 | 340 |
| EBITDA margin | +30.5% | +30.6% | +30.5% | +32.2% | +30.7% | +22.6% | +28.2% |
| Profit before tax | 533 | 496 | 466 | 479 | 278 | 91.13 | 207 |
| Net profit | 398 | 329 | 418 | 350 | 207 | 70.92 | 154 |
| Net profit margin | +14.2% | +13.4% | +18.1% | +16.9% | +15.8% | +9.0% | +12.7% |
| EPS (₹) | 14.69 | 12.84 | 15.37 | 13.03 | 7.65 | 2.73 | 11.44 |
| Balance sheet | |||||||
| Total assets | 3,523 | 2,907 | 2,934 | 2,457 | 1,930 | 1,370 | 1,316 |
| Net worth | 1,953 | 1,679 | 1,835 | 1,514 | 1,238 | 805 | 780 |
| Total debt | 1,570 | 1,227 | 1,098 | 938 | 692 | 566 | 536 |
| Cash & bank | 32.33 | 92.68 | 87.34 | 183 | 394 | 83.38 | 10.44 |
| Net working capital | 686 | 613 | 529 | 576 | 605 | 187 | 198 |
| Cash flow | |||||||
| Cash from operations | 476 | 687 | 585 | 372 | 218 | 244 | 272 |
| Cash from investing | (99.78) | 129 | (250) | (46.82) | (299) | (116) | (161) |
| Cash from financing | (436) | (768) | (319) | (355) | 118 | (116) | (112) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 712 | 702 | 757 | 789 | 636 | 615 | 632 | 688 |
| Revenue growth (YoY) | +11.9% | +14.1% | +19.8% | +14.7% | +12.2% | +9.2% | - | - |
| Other income | 22.19 | 25.78 | 30.85 | 15.37 | 26.04 | 27.94 | 27.30 | 22.56 |
| Total expenses | 519 | 491 | 523 | 530 | 469 | 422 | 437 | 464 |
| EBITDA | 193 | 211 | 234 | 259 | 167 | 193 | 195 | 224 |
| EBITDA margin | +27.1% | +30.0% | +31.0% | +32.9% | +26.3% | +31.4% | +30.9% | +32.6% |
| Depreciation | 87.73 | 84.80 | 83.67 | 79.77 | 78.23 | 68.67 | 69.95 | 65.30 |
| Interest | 30.00 | 29.61 | 29.01 | 28.79 | 29.43 | 23.67 | 24.34 | 23.47 |
| Profit before tax | 97.50 | 122 | 153 | 166 | 85.70 | 129 | 128 | 158 |
| Tax | 24.50 | 30.63 | 37.98 | 41.02 | 21.60 | 31.97 | 30.52 | 63.61 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 730 | 720 | 773 | 811 | 651 | 628 | 643 | 703 |
| Revenue growth (YoY) | +12.2% | +14.7% | +20.3% | +15.4% | +11.2% | +9.1% | - | - |
| Other income | 23.26 | 26.69 | 31.55 | 16.53 | 28.24 | 29.44 | 23.49 | 23.89 |
| EBITDA | 197 | 215 | 238 | 265 | 171 | 194 | 197 | 225 |
| EBITDA margin | +27.0% | +29.8% | +30.8% | +32.7% | +26.2% | +30.9% | +30.7% | +32.0% |
| Depreciation | 87.91 | 84.97 | 83.83 | 79.94 | 78.40 | 68.84 | 70.10 | 65.50 |
| Interest | 30.00 | 29.62 | 29.01 | 28.81 | 29.44 | 23.68 | 24.39 | 23.47 |
| Profit before tax | 103 | 127 | 157 | 173 | 91.12 | 131 | 126 | 160 |
| Tax | 25.48 | 31.49 | 38.87 | 42.34 | 22.14 | 32.02 | 30.87 | 64.88 |
| Net profit | 77.28 | 95.26 | 118 | 130 | 68.98 | 98.80 | 95.34 | 95.08 |
| EPS (₹) | 2.77 | 3.43 | 4.27 | 4.70 | 2.48 | 3.61 | 3.47 | 3.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,864 | 2,507 | 2,357 | 2,127 | 1,343 | 800 | 1,285 |
| Revenue growth | +14.2% | +6.4% | +10.8% | +58.4% | +67.9% | -37.8% | - |
| Other income | 106 | 94.62 | 73.84 | 54.41 | 58.64 | 78.48 | 25.91 |
| Total expenses | 1,996 | 1,750 | 1,657 | 1,448 | 934 | 627 | 932 |
| Employee cost | 280 | 245 | 228 | 184 | 121 | 103 | 127 |
| EBITDA | 867 | 757 | 700 | 679 | 409 | 173 | 353 |
| EBITDA margin | +30.3% | +30.2% | +29.7% | +31.9% | +30.5% | +21.6% | +27.5% |
| Depreciation | 311 | 258 | 229 | 181 | 134 | 122 | 121 |
| Interest | 111 | 90.46 | 78.89 | 63.06 | 50.43 | 44.81 | 39.73 |
| Profit before tax | 551 | 504 | 465 | 489 | 283 | 84.51 | 218 |
| Tax | 135 | 149 | 49.93 | 126 | 70.18 | 19.29 | 58.69 |
| Net profit | 409 | 330 | 413 | 358 | 211 | 66.65 | 159 |
| Net profit margin | +14.3% | +13.2% | +17.5% | +16.8% | +15.7% | +8.3% | +12.3% |
| EPS (₹) | 15.09 | 12.88 | 15.17 | 13.30 | 7.79 | 2.57 | 11.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 136 | 136 | 136 | 136 | 136 | 133 | 133 |
| Reserves & surplus | 1,857 | 1,573 | 1,728 | 1,412 | 1,129 | 695 | 675 |
| Shareholders' funds (net worth) | 1,993 | 1,709 | 1,864 | 1,548 | 1,265 | 828 | 807 |
| Minority interest | 33.55 | 28.86 | 29.38 | 26.40 | 22.44 | 19.86 | 23.47 |
| Secured loans | 0.00 | 0.00 | 0.00 | 1.52 | 0.00 | 0.00 | 11.52 |
| Unsecured loans | 1,570 | 1,227 | 1,098 | 941 | 692 | 567 | 538 |
| Total debt | 1,570 | 1,227 | 1,098 | 943 | 692 | 567 | 549 |
| Total liabilities | 3,598 | 2,966 | 2,993 | 2,522 | 1,980 | 1,415 | 1,380 |
| Assets | |||||||
| Gross block | 3,108 | 2,475 | 2,141 | 1,790 | 1,276 | 1,039 | 980 |
| Net block | 1,984 | 1,602 | 1,482 | 1,302 | 848 | 724 | 708 |
| Capital work in progress | 18.22 | 9.38 | 9.30 | 17.84 | 6.19 | 4.54 | 13.03 |
| Investments | 673 | 550 | 750 | 478 | 401 | 400 | 348 |
| Inventories | 856 | 637 | 710 | 646 | 424 | 290 | 376 |
| Sundry debtors | 99.82 | 91.20 | 75.67 | 105 | 48.39 | 50.55 | 70.13 |
| Cash & bank balances | 41.81 | 101 | 112 | 198 | 396 | 87.92 | 10.88 |
| Loans & advances | 176 | 210 | 58.54 | 87.46 | 97.10 | 37.30 | 34.07 |
| Total current assets | 1,173 | 1,039 | 957 | 1,037 | 966 | 466 | 491 |
| Total current liabilities | 417 | 369 | 360 | 385 | 325 | 244 | 237 |
| Net working capital | 756 | 670 | 597 | 652 | 641 | 221 | 254 |
| Total assets | 3,598 | 2,966 | 2,993 | 2,522 | 1,980 | 1,415 | 1,380 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 94.84 | 47.92 | 31.83 | 61.54 | 26.32 | 10.50 | 11.53 |
| Net cash from operating activities | 474 | 698 | 590 | 381 | 220 | 265 | 273 |
| Net cash from investing activities | (99.99) | 122 | (251) | (51.56) | (301) | (122) | (163) |
| Net cash from financing activities | (436) | (773) | (323) | (359) | 116 | (127) | (112) |
| Net change in cash | (62.27) | 46.92 | 16.09 | (29.71) | 35.22 | 15.82 | (1.03) |
| Closing cash | 41.81 | 101 | 112 | 198 | 396 | 87.92 | 10.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.2% | +6.4% | +10.8% | +58.4% | +67.9% | -37.8% | - |
| EBITDA growth | +14.5% | +8.3% | +3.1% | +65.9% | +137.0% | -51.1% | - |
| PBT growth | +9.5% | +8.2% | -4.8% | +72.7% | +235.0% | -61.3% | -4.3% |
| Net income growth | +23.8% | -20.0% | +15.5% | +69.2% | +217.1% | -58.0% | - |
| Revenue CAGR (3Y) | +10.4% | +23.1% | +43.4% | +18.3% | +3.3% | -9.4% | +7.6% |
| EBITDA CAGR (3Y) | +8.5% | +22.8% | +59.4% | +24.4% | +6.8% | -8.6% | +31.7% |
| Profitability & leverage | |||||||
| Net income margin | +14.5% | +14.1% | +17.6% | +17.1% | +15.9% | +8.2% | +12.4% |
| Return on capital employed | +20.4% | +20.1% | +19.9% | +24.8% | +19.9% | +9.4% | +21.2% |
| Return on net worth | +22.5% | +19.8% | +24.4% | +25.8% | +20.4% | +8.0% | +21.9% |
| Debt / equity | 0.76 | 0.65 | 0.60 | 0.58 | 0.60 | 0.68 | 0.67 |
| Long-term debt / equity | 0.65 | 0.56 | 0.52 | 0.50 | 0.52 | 0.58 | 0.55 |
| Interest cover | 19.94 | 18.11 | 16.77 | 12.67 | 18.34 | 88.14 | 17.11 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.03 | 1.09 | 1.20 | 1.63 | 1.16 | 0.79 | 1.48 |
| Inventory turnover | 3.84 | 3.72 | 3.48 | 4.67 | 3.76 | 2.40 | 3.47 |
| Debtors turnover | 29.98 | 30.05 | 26.05 | 32.49 | 27.15 | 13.26 | 21.06 |
| EPS (₹) | 15.09 | 12.88 | 15.17 | 13.30 | 7.79 | 2.57 | 11.80 |
| Dividend per share (₹) | 6.00 | 20.00 | 5.00 | 4.00 | 2.25 | 1.50 | 3.00 |
| Book value per share (₹) | 73.12 | 62.77 | 68.53 | 56.96 | 46.58 | 31.17 | 60.80 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 712 | 702 | 757 | 789 | 636 | 615 | 632 | 688 |
| Revenue growth (YoY) | +11.9% | +14.1% | +19.8% | +14.7% | +12.2% | +9.2% | - | - |
| Other income | 22.19 | 25.78 | 30.85 | 15.37 | 26.04 | 27.94 | 27.30 | 22.56 |
| Total expenses | 519 | 491 | 523 | 530 | 469 | 422 | 437 | 464 |
| EBITDA | 193 | 211 | 234 | 259 | 167 | 193 | 195 | 224 |
| EBITDA margin | +27.1% | +30.0% | +31.0% | +32.9% | +26.3% | +31.4% | +30.9% | +32.6% |
| Depreciation | 87.73 | 84.80 | 83.67 | 79.77 | 78.23 | 68.67 | 69.95 | 65.30 |
| Interest | 30.00 | 29.61 | 29.01 | 28.79 | 29.43 | 23.67 | 24.34 | 23.47 |
| Profit before tax | 97.50 | 122 | 153 | 166 | 85.70 | 129 | 128 | 158 |
| Tax | 24.50 | 30.63 | 37.98 | 41.02 | 21.60 | 31.97 | 30.52 | 63.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,797 | 2,450 | 2,305 | 2,071 | 1,312 | 789 | 1,210 |
| Revenue growth | +14.2% | +6.3% | +11.3% | +57.8% | +66.4% | -34.8% | - |
| Other income | 100 | 95.33 | 69.30 | 52.55 | 58.38 | 78.54 | 25.39 |
| Total expenses | 1,943 | 1,701 | 1,602 | 1,404 | 909 | 611 | 869 |
| Employee cost | 266 | 233 | 217 | 176 | 116 | 97.17 | 113 |
| EBITDA | 854 | 748 | 703 | 667 | 403 | 178 | 340 |
| EBITDA margin | +30.5% | +30.6% | +30.5% | +32.2% | +30.7% | +22.6% | +28.2% |
| Depreciation | 310 | 257 | 228 | 178 | 134 | 121 | 120 |
| Interest | 111 | 90.37 | 78.50 | 62.72 | 50.31 | 44.17 | 38.85 |
| Profit before tax | 533 | 496 | 466 | 479 | 278 | 91.13 | 207 |
| Tax | 133 | 147 | 48.04 | 125 | 69.90 | 18.62 | 55.21 |
| Net profit | 398 | 329 | 418 | 350 | 207 | 70.92 | 154 |
| Net profit margin | +14.2% | +13.4% | +18.1% | +16.9% | +15.8% | +9.0% | +12.7% |
| EPS (₹) | 14.69 | 12.84 | 15.37 | 13.03 | 7.65 | 2.73 | 11.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 136 | 136 | 136 | 136 | 136 | 133 | 133 |
| Reserves & surplus | 1,816 | 1,543 | 1,699 | 1,378 | 1,102 | 672 | 647 |
| Shareholders' funds (net worth) | 1,953 | 1,679 | 1,835 | 1,514 | 1,238 | 805 | 780 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1,570 | 1,227 | 1,098 | 938 | 692 | 566 | 536 |
| Total debt | 1,570 | 1,227 | 1,098 | 938 | 692 | 566 | 536 |
| Total liabilities | 3,523 | 2,907 | 2,934 | 2,457 | 1,930 | 1,370 | 1,316 |
| Assets | |||||||
| Gross block | 3,097 | 2,463 | 2,128 | 1,770 | 1,273 | 1,035 | 903 |
| Net block | 1,980 | 1,597 | 1,476 | 1,286 | 847 | 722 | 705 |
| Capital work in progress | 18.22 | 9.38 | 9.30 | 17.84 | 6.19 | 4.54 | 13.03 |
| Investments | 675 | 552 | 765 | 496 | 398 | 397 | 346 |
| Inventories | 844 | 629 | 698 | 625 | 419 | 284 | 320 |
| Sundry debtors | 49.83 | 47.97 | 37.49 | 47.71 | 20.94 | 22.49 | 8.09 |
| Cash & bank balances | 32.33 | 92.68 | 87.34 | 183 | 394 | 83.38 | 10.44 |
| Loans & advances | 172 | 207 | 61.52 | 91.56 | 95.66 | 38.73 | 49.34 |
| Total current assets | 1,098 | 977 | 885 | 947 | 930 | 429 | 388 |
| Total current liabilities | 413 | 364 | 355 | 371 | 324 | 242 | 190 |
| Net working capital | 686 | 613 | 529 | 576 | 605 | 187 | 198 |
| Total assets | 3,523 | 2,907 | 2,934 | 2,457 | 1,930 | 1,370 | 1,316 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 92.54 | 44.95 | 29.28 | 59.37 | 21.77 | 10.05 | 11.14 |
| Net cash from operating activities | 476 | 687 | 585 | 372 | 218 | 244 | 272 |
| Net cash from investing activities | (99.78) | 129 | (250) | (46.82) | (299) | (116) | (161) |
| Net cash from financing activities | (436) | (768) | (319) | (355) | 118 | (116) | (112) |
| Net change in cash | (60.27) | 47.59 | 15.67 | (30.09) | 37.60 | 11.72 | (1.09) |
| Closing cash | 32.33 | 92.68 | 87.34 | 183 | 394 | 83.38 | 10.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.2% | +6.3% | +11.3% | +57.8% | +66.4% | -34.8% | - |
| EBITDA growth | +14.1% | +6.5% | +5.4% | +65.3% | +126.6% | -47.7% | - |
| PBT growth | +7.4% | +6.5% | -2.7% | +72.5% | +204.6% | -56.0% | -7.5% |
| Net income growth | +21.2% | -21.4% | +19.4% | +68.8% | +192.4% | -53.9% | - |
| Revenue CAGR (3Y) | +10.5% | +23.1% | +43.0% | +19.6% | +4.4% | -8.6% | +11.7% |
| EBITDA CAGR (3Y) | +8.6% | +22.9% | +58.1% | +25.1% | +20.9% | -6.1% | +33.1% |
| Profitability & leverage | |||||||
| Net income margin | +14.3% | +14.3% | +18.1% | +17.1% | +15.8% | +9.2% | +12.6% |
| Return on capital employed | +20.0% | +20.1% | +20.2% | +24.7% | +19.9% | +10.1% | +24.8% |
| Return on net worth | +22.1% | +19.9% | +25.0% | +25.7% | +20.3% | +9.2% | +21.0% |
| Debt / equity | 0.77 | 0.66 | 0.61 | 0.59 | 0.62 | 0.70 | 0.37 |
| Long-term debt / equity | 0.66 | 0.57 | 0.53 | 0.51 | 0.53 | 0.60 | 0.32 |
| Interest cover | 20.40 | 18.39 | 16.52 | 12.83 | 18.67 | 77.82 | 17.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.01 | 1.07 | 1.18 | 1.60 | 1.14 | 0.81 | 1.99 |
| Inventory turnover | 3.80 | 3.69 | 3.48 | 4.66 | 3.73 | 2.61 | 3.72 |
| Debtors turnover | 57.20 | 57.33 | 54.11 | 70.85 | 60.44 | 51.59 | 132.20 |
| EPS (₹) | 14.69 | 12.84 | 15.37 | 13.03 | 7.65 | 2.73 | 11.44 |
| Dividend per share (₹) | 6.00 | 20.00 | 5.00 | 4.00 | 2.25 | 1.50 | 3.00 |
| Book value per share (₹) | 71.65 | 61.68 | 67.48 | 55.70 | 45.59 | 30.30 | 58.75 |
To see the full year-wise statements and ratios of Metro Brands Limited, buy the company report.
Board of directors of Metro Brands Limited
Metro Brands has 10 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Iqbal Hasanally Dossani Also directs: Metro Plaza Arcade Private Limited, Metro House Private Limited, MHS Developers LLP and 1 more | Whole-Time Director | 26 Nov 2020 | 5 Years 11 Months | Current |
| Utpal Hemendra Sheth Also directs: Chanakya Value Creation LLP, Zen Superstructure LLP, Relativity Investment Advisors LLP and 5 more | Director | 23 Oct 2015 | 11 Years 0 Months | Current |
| Vikas Vijaykumar Khemani Also directs: Carnelian Capital Advisors LLP, Carnelian Asset Management LLP, Thinkai Solutions LLP and 5 more | Director | 12 Mar 2019 | 7 Years 7 Months | Current |
| Rafique Abdul Malik | Director | 05 Feb 1987 | 39 Years 8 Months | Current |
| Farah Malik Bhanji Also directs: Metro Plaza Arcade Private Limited, Metro House Private Limited, MHS Developers LLP and 3 more | Managing Director | 18 Dec 2001 | 24 Years 10 Months | Current |
| Alisha Rafique Malik | Whole-Time Director | 01 Sep 2024 | 2 Years 2 Months | Current |
Peer comparison
Metro Brands Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Footwear Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RJ Corp Limited | ₹28,841 Cr (FY 2025) | 28.0% | New Delhi, Delhi, India | |||
| Metro Brands Limitedthis company | ₹2,863.63 Cr (FY 2026) | ₹408.77 Cr | 14.3% | 14.2% | 3,668 | Mumbai, Maharashtra, India |
| Aditya Birla Digital Fashion Ventures Limited | ₹682.36 Cr (FY 2025) | 60.0% | Mumbai, Maharashtra, India | |||
| CS Trade Link Private Limited | ₹496.48 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Metro Brands Limited, buy the company report.
Auditor
Metro Brands Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 71.80%, foreign institutional investors hold 3.70%, domestic institutional investors hold 7.70% and retail and other public shareholders hold 16.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.80% | 71.80% | 71.80% | 71.90% |
| Public | 28.20% | 28.20% | 28.20% | 28.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2021 | 100500351 | Hdfc Bank Limited | ₹6 Cr | Open | |
| 06 Feb 2019 | 100239537 | Others | ₹50 Cr | Open | |
| 22 Aug 2022 | 100604845 | Others | ₹7.85 Cr | Satisfied | |
| 20 Jul 2021 | 100467939 | Others | ₹3 Cr | Satisfied | |
| 29 Sep 2003 | 90236257 | Icici Bank Limited | ₹95 Lakh | Satisfied |
To see the full charge records of Metro Brands Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Metro Brands Limited has 6 deals on record (2 funding rounds, 2 market trades, 1 ipo), with disclosed funding of ₹19.07 Cr; the latest was in September 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹749.7 Cr | Buyer: Kotak Mahindra Mutual Fund, Kotak Infinity Fund, Invesco Mutual Fund Seller: 4 individuals |
| Sep 2024 | Market trade | ₹500.72 Cr | Buyer: Kotak Mahindra Mutual Fund |
| Dec 2021 | IPO | ₹1,367.51 Cr | Investors: IPO - Metro Brands Limited, Kotak Emerging Equity Scheme, Goldman Sachs Public Market Fund Seller: Aziza Malik Family Trust, Rafique Malik Family Trust, 2 individuals |
| Nov 2021 | Funding round | ₹3.29 Cr | Investors: Others - Metro Brands Limited, 3 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Metro Brands Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Metro Brands Limited has 319 court cases on record: 233 filed by Metro Brands, 87 filed against it. 87 cases are pending and 232 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 222 | 37 | 67 |
| District courts | 94 | 50 | 19 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 319)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CRR) | Filed by the company against Lawazmaat Urbane OPC Private Limited and Ors | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Lawazmaat Urbane OPC Private Limited and Ors | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against M/S. Four Aces Fashion House Private Limited and 2 others | Pending |
| High Court | Court case (COMIP) | Filed by the company against Mkce Master Franchise India Private Limited | Pending |
| District court, New Delhi, Delhi | Interim or miscellaneous application | Filed against the company by Urban Shore Wholesale India Pvt Ltd | Disposed |
To see the full case history of Metro Brands Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Metro Brands Limited was last rated by Care on 29 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Mar 2022 |
To see the full credit ratings and regulatory alerts of Metro Brands Limited, buy the company report.
MSME payment delays
Metro Brands Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,452 overdue payments to 246 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 246)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| JCK Borsetta Industries Private Limited |
To see the full MSME payment records of Metro Brands Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Metro Brands has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Metmill Footwear Private Limited | U19201MH2009PTC195829 | |
| Metro Athleisure Limited | U51909MH2016PLC288788 |
To see the full group structure of Metro Brands Limited, buy the company report.
Employees & EPFO
Metro Brands Limited has a workforce of 3,668 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Metro Brands has 34 GST registrations: 32 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4754E1ZL | Maharashtra | Active | 01 Jul 2017 |
| 27AAACM4754E2ZK | Maharashtra | Active | 03 Oct 2017 |
| 03AAACM4754E1ZV | Punjab | Active | 01 Jul 2017 |
| 04AAACM4754E1ZT | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Metro Brands Limited, buy the company report.
Recent activity
Metro Brands Limited has 28 board changes on record since 1987: 21 appointments and 7 cessations. The latest: Sonny Iqbal was appointed as Director on 05 Aug 2026.
75 earlier events are in the company report.
News
Frequently asked questions
Metro Brands is an active public limited company based in Mumbai, Maharashtra, India. The company works in footwear retail and distribution, within the consumer goods industry. It was incorporated on 19 January 1977 (49+ years old) and is registered under CIN L19200MH1977PLC019449. Listed on BSE: 543426 and NSE: METROBRAND.
Metro Brands reported revenue of ₹2,863.63 Cr for FY 2025-26 (up 14.2% YoY) based on consolidated financials.
Metro Brands has 10 current directors:
- Farah Malik Bhanji - Managing Director
- Mohammed Iqbal Hasanally Dossani - Whole-Time Director
- Alisha Rafique Malik - Whole-Time Director
- Utpal Hemendra Sheth - Director
- Vikas Vijaykumar Khemani - Director
- Rafique Abdul Malik - Director
- Bhaskar Bhat - Director
- Radhika Dilip Piramal - Director
- Mithun Padam Sacheti - Director
- Sonny Iqbal - Director
The latest financial statements of Metro Brands on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Metro Brands is 27AAACM4754E1ZL, registered in Maharashtra. The company has 34 GST registrations in all, of which 32 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACM4754E2ZK (Maharashtra), 03AAACM4754E1ZV (Punjab), 04AAACM4754E1ZT (Chandigarh).
The CIN (Corporate Identification Number) of Metro Brands is L19200MH1977PLC019449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Metro Brands is a listed company as per MCA records. Its shares are listed on both BSE (code: 543426) and NSE (symbol: METROBRAND).
Metro Brands has 319 court cases on record: 233 filed by the company and 87 filed against it. 87 are pending. Most are in the high courts.
Metro Brands was incorporated on 19 January 1977, making it 49+ years old. It is registered with the Registrar of Companies, Mumbai.
Metro Brands has 6 deals on record (2 funding rounds, 2 market trades, 1 ipo), with disclosed funding of ₹19.07 Cr; the latest was in September 2024.
The peers of Metro Brands by revenue are RJ Corp Limited, Aditya Birla Digital Fashion Ventures Limited, CS Trade Link Private Limited, all in the Consumer Products industry (Footwear Retail and Distribution), with the same principal business activity (retail trading).
Sonny Iqbal was appointed as Director on 05 Aug 2026. Bhaskar Bhat was appointed as Director on 06 Feb 2025. Radhika Dilip Piramal was appointed as Director on 06 Feb 2025. Metro Brands has 28 board changes on record in total.

