Latest news with #MetroBrandsLtd
Time of India
02-06-2025
- Business
- Time of India
Sell Metro Brands, target price Rs 925: HDFC Securities
HDFC Securities has a Sell call on Metro Brands Ltd. with a target price of Rs 925. The current market price of Metro Brands Ltd. is Rs 1211.5. Metro Brands, incorporated in 1977, is a Large Cap company with a market cap of Rs 32931.32 crore, operating in the Leather sector. Metro Brands' key products/revenue segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 665.83 crore, down -8.32 % from last quarter Total Income of Rs 726.29 crore and up 9.63 % from last year same quarter Total Income of Rs 607.33 crore. The company has reported net profit after tax of Rs 94.91 crore in latest quarter. The company's top management includes A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti, A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, A Malik, Padam Sacheti, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti, A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 27 crore shares outstanding. Investment Rationale After a challenging H1FY25, signs of demand recovery are visible. MBL's topline grew 10.3% YoY to Rs 6.43 billion (in-line). However, sales density continued to normalize downward in Q4 (at ~Rs 19.4k vs ~ Rs 20.8k/sq. ft. in Q4FY24). The e-commerce business saw robust growth (up 45% YoY; contributing 11% to revenue). GM expanded 107bps YoY to 57.5% (HSIE: 56.2%). EBITDAM expanded 347bps YoY to 30.7% (HDFC Securities Estimate: 27.8%), driven by better cost optimization, reduction in FILA losses, and restructuring of FILA's royalty agreement with FILA Global. FILA's expansion is planned from H2FY26. HDFC Securities has cut the FY26/27 estimates by 6/4%, respectively, to account for lower other income. Their SELL rating stands with a DCF-based target price of Rs 925/share, implying 46x FY27E P/E. Promoter/FII Holdings Promoters held 71.88 per cent stake in the company as of 31-Mar-2025, while FIIs owned 3.46 per cent, DIIs 7.36 per cent.
Business Standard
13-05-2025
- Business
- Business Standard
Volumes soar at One 97 Communications Ltd counter
One 97 Communications Ltd clocked volume of 302.96 lakh shares by 10:47 IST on BSE, a 79.6 times surge over two-week average daily volume of 3.81 lakh shares Metro Brands Ltd, DLF Ltd, Kajaria Ceramics Ltd, JM Financial Ltd are among the other stocks to see a surge in volumes on BSE today, 13 May 2025. One 97 Communications Ltd clocked volume of 302.96 lakh shares by 10:47 IST on BSE, a 79.6 times surge over two-week average daily volume of 3.81 lakh shares. The stock lost 2.13% to Rs.847.90. Volumes stood at 2.1 lakh shares in the last session. Metro Brands Ltd clocked volume of 72443 shares by 10:47 IST on BSE, a 41.72 times surge over two-week average daily volume of 1736 shares. The stock gained 1.80% to Rs.1,105.95. Volumes stood at 2429 shares in the last session. DLF Ltd registered volume of 15.48 lakh shares by 10:47 IST on BSE, a 13.53 fold spurt over two-week average daily volume of 1.14 lakh shares. The stock rose 0.06% to Rs.681.15. Volumes stood at 1.3 lakh shares in the last session. Kajaria Ceramics Ltd saw volume of 2.25 lakh shares by 10:47 IST on BSE, a 10.99 fold spurt over two-week average daily volume of 20456 shares. The stock increased 0.28% to Rs.846.55. Volumes stood at 18624 shares in the last session. JM Financial Ltd notched up volume of 9.08 lakh shares by 10:47 IST on BSE, a 9.68 fold spurt over two-week average daily volume of 93805 shares. The stock rose 5.06% to Rs.111.00. Volumes stood at 1.84 lakh shares in the last session.
