The shares of the largest footwear company gained up to 3 percent after Kotak Mahindra Mutual Fund bought a fresh stake of 39.74 lakh equity shares in the company.
Metro Brands Ltd has a market capitalization of Rs 33,881.38 crore, the shares were trading at Rs 1,245.90 per share, increasing around 0.91 percent as compared to the previous closing price of Rs 1,234.65 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after Kotak Mahindra Mutual Fund bought a fresh stake of 39.74 lakh equity shares which is equivalent to 1 percent of Metro Brands Ltd, at an average price of Rs 1,260.00 per share.
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Financial performance:-
Looking into the company’s financial condition, Metro Brands Ltd’s revenue soared by 1 percent from Rs 583 crore in Q1FY24 to 576 crore in Q1FY25. During the same time frame, net profits plummeted drastically by 2 percent from Rs 94 crore to Rs 92 crore.
Ace investor Rekha Jhunjhunwala holds 1.3 crore equity shares which is equivalent to 4.80 percent as of June 2024
Ratio analysis:-
The company’s critical ratios show that the return on equity declined from 24.34 percent in FY22-23 to 22.76 percent in FY23-24, while the return on capital employed magnified from 24.00 percent to 19.52 percent. The net profit margin (NPM) for fiscal year 23-24 is 18.12 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 74.16 percent while Retail shareholders own a 17.19 percent stake in the company and Foreign Institutional Investors own a 3.05 percent stake.
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Company Profile:-
Metro Brands Ltd is one of India’s leading footwear and accessories specialty merchants, as well as one of the most desirable Indian footwear brands. It is a one-stop store for branded items for the entire family, including men, women, unisex, and children, as well as for all occasions, both casual and formal.
Written by:- Abhishek Singh
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