Metro Brands share price today

Metro Brands Ltd's share price was ₹854.90 at the close on 4 November 2026. It has been falling for 48 weeks. That is 13.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹819 and ₹1,180, and at that close it sat 10% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Metro Brands Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running.

Over the last 4.9 years the share price moved +82% while the NIFTY 500 moved +47%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 9 quarters in a row, indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and foreign funds (FIIs) cut their stake for 4 quarters in a row.

1. Revenue up on a year earlier for 9 quarters in a row

   In the September 2026 quarter revenue was ₹730 crore, +12.1% on a year earlier.

   Why: Revenue rose because the company added stores and online sales grew.

   Next results: check whether Q3 sales get the festive demand that moved from September into October.

   From the earnings call on 16 Oct 2026.

2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 7.4% to 8.7% of the company by the September 2026 quarter.

3. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 3.9% to 2.8% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Metro Brands reported revenue of ₹730 crore, up 12.1% from ₹651 crore a year earlier, and a profit of ₹77.0 crore, up 11.6% from ₹69.0 crore.

Metro Brands results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Metro Brands' management discussed these results on a call held on 16 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Metro Brands closed at ₹854.90 on 4 November 2026, down 23.9% from ₹1,123.20 a year earlier (7 November 2025) and up 81.7% over five years. Its highest weekly close since December 2021 was ₹1,375.75 on 1 December 2023.

Metro Brands share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

258 weekly closes from 24 December 2021 to 4 November 2026.

4 Nov 2026: Metro Brands closed at ₹854.90, up 3.8% on the week and up 2.6% on the month. 16 Oct 2026: Metro Brands held its results call for July to September 2026. Management guided: FY27 revenue growth around 15%, with festive-calendar timing estimated to have reduced Q2 growth by 250-350 basis points.

Earlier

• Results for July to September 2026: Revenue up 12.1% and profit up 11.6% on a year earlier.

Yes. Metro Brands Ltd paid out 40% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. This page shows the payout as a share of profit, not an amount per share (as of 4 November 2026).

On the call for July to September 2026, held on 16 October 2026, Metro Brands' management guided: FY27 revenue growth around 15%, with festive-calendar timing estimated to have reduced Q2 growth by 250-350 basis points.

“We do not really mind whether we open 70 stores or 125 stores if we believe they all have a chance of being profitable.”Nissan Joseph, Chief Executive Officer, on the call for July to September 2026

What management guided

• H2 profit expected above H1; the 13-15% profit-margin goal is framed as medium-to-long-term.
• Q3 gross-margin uplift from lower end-of-season discounts will not persist; part of the markup improvement is expected to continue.
• H2 store additions expected to exceed H1; annual closures expected around 2-3%.
• Inventory improvement expected by March, with working capital near 80 days by mid-to-end next FY; 7 months is considered ideal.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 16 October 2026.

When Metro Brands reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Check whether Q3 captures the demand shifted from September into October against management's positive early festive read.

Metro Brands is on 2 of our India lists: 52 week high & low and Small & mid cap stocks.

Metro Brands Ltd earned ₹77.0 Cr of net profit in the Sep 2026 quarter, +11.6% on the same quarter a year earlier. Full-year FY26 profit was ₹416 Cr. Over 10 years profit has grown 16.9% a year on average. That is 10.5% of the quarter's revenue. The same quarter a year earlier earned ₹69.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹416 Cr (+17.5% on the year before).

Why profit moved: revenue changed +12.1% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +17.1% and revenue +15.6%. Profit and revenue are moving at about the same pace.

Metro Brands Ltd reported ₹730 Cr of revenue in the Sep 2026 quarter, +12.1% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 10 years it has grown 13.6% a year on average. The last full year, FY26, came in at ₹2,864 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,034 Cr.

FY26 revenue was ₹2,864 Cr, +14.2% on the year before.

Recent pace: the last four quarters grew +15.6% on average, against 13.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.6%, against +12.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +17.3%, against +0.1% a year (accelerating).

Metro Brands Ltd's operating margin was 27.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 17.0% and 32.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.8 percentage points on the year while gross margin changed +2.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 149% of Metro Brands Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹474 Cr of operating cash against ₹416 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹702 Cr of spending on assets, free cash was −₹228 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 149% of profit came in as cash: the cash cycle got 88 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building.

Metro Brands Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 197 days in FY26, up from 109 days in FY21. It spent ₹1,480 Cr on assets over the last 3 years. Customers take 13 days to pay, and stock sits for 273 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,864 Cr, each day of that cycle ties up about ₹7.8 Cr, so roughly ₹1,546 Cr is tied up in the business at any time.

FY26: customers took 13 days to pay and stock sat for 273 days, about 9.0 months of sales sitting as stock, for a full cycle of 197 days, longer than FY21's 109.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 273 days. Customers pay about 13 days after that. Suppliers are paid at 89 days. Together that makes the 197-day cycle.

Spending on assets: ₹1,480 Cr over the last 3 years, against ₹798 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹18.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Metro Brands Ltd's P/E is 56.2×, about the lowest it has ever been. Its usual P/E (the middle reading) is 81.6×, over 4.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +17.2% while the price moved −23.9%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +12.7% a year; about +44.0% a year came from earnings growth and about −31.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Metro Brands Ltd's business is getting better. Profit growth hit its low 5 quarters ago at −14.6% and has recovered to +17.3%, with ROCE steady at 20.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a lasting rise from a low is what this page is built to show.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Metro Brands Ltd earned a ROCE of 20% in FY26. That is up from a low of 9% in FY21. Its return on capital used (ROIC) is 2.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.5% net margin and 0.71× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 14.5% net margin × 0.71× asset turnover × 2.01× leverage (assets divided by equity) ≈ 20.7% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 14.8% − 12.0% = +2.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 14.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 17.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Metro Brands Ltd has total debt of ₹1,599 Cr against shareholder equity of ₹2,128 Cr as of Sep 2026, so its debt is 0.75× its equity. Year by year, that ratio went from 0.54 in FY22 to 0.77 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Metro Brands Ltd by 1.7 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 8.7% of the company. Foreign institutions moved −0.6 points over the same period, to 2.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +1.7 points over 8 quarters, to 8.7%; Foreign institutions: −0.6 points over 8 quarters, to 2.8%; Promoters: −0.2 points over 8 quarters, to 71.8%.

Why the owners changed: domestic institutions drove it (+1.7 points), with the other side taken by foreign institutions (−0.6 points). They raised their stake step by step.

For Metro Brands Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

56.2 out of 100, rank 3 of 7 in Footwear, with 85% of the evidence available.

Metro Brands Ltd scores 56.2 out of 100 against the 7 companies it is compared with in Footwear, ranking 3. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.

The four parts add up to the total exactly: 20.7 + 20.6 + 6.1 + 8.8 = 56.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Metro Brands ranks 3 of 7 Footwear companies on the 4-Factor Sector Score, with 56.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Footwear, all 7 compared on one page.

Metro Brands is the largest of 7 Footwear companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Bata India, Relaxo Footwears, Campus Activewear, Redtape, Sreeleathers and Mirza International.

Footwear companies close in size

1. Metro Brands Ltd ₹22,443 crore
2. Bata India Ltd ₹8,076 crore
3. Relaxo Footwears Ltd ₹6,784 crore
4. Campus Activewear Ltd ₹5,834 crore
5. Redtape Ltd ₹5,724 crore
6. Sreeleathers Ltd ₹586 crore
7. Mirza International Ltd ₹459 crore

All 7 Footwear companies, largest first

Companies close in size in other industries

340. IIFL Finance Ltd ₹22,521 crore · Finance & Investments - Gold Loan
341. Chennai Petroleum Corporation Ltd ₹22,508 crore · Refineries
342. Metro Brands Ltd ₹22,443 crore
343. Prime Focus Ltd ₹22,436 crore · Entertainment & Media
344. Garden Reach Shipbuilders & Engineers Ltd ₹22,265 crore · Ship - Docks/Breaking/Repairs

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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