Metro Brands Limited (METROBRAND) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Metro Brands Limited ₹1,121, price ₹834, upside +34.5%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
57‑month range ₹421.05 – ₹1,349 · fair‑value band ₹695.70 – ₹1,575 · the ₹833.50 price screens below the ₹1,121 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 30, 2026.
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Metro Brands Limited operates as a footwear specialty retailer in India. The company offers footwear for men, women, unisex, and kids under its own brands, including the Metro, Mochi, Walkway, and daVinchi, as well as third-party brands, such as Crocs, Foot Locker, Clarks, New Era, FILA, FitFlop, Cheemo, Proline, Vans, and Biofoot.
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Metro Brands Limited operates as a footwear specialty retailer in India. The company offers footwear for men, women, unisex, and kids under its own brands, including the Metro, Mochi, Walkway, and daVinchi, as well as third-party brands, such as Crocs, Foot Locker, Clarks, New Era, FILA, FitFlop, Cheemo, Proline, Vans, and Biofoot. It also offers accessories, such as belts, bags, wallets, and clutches; and footcare and shoe-care products. In addition, the company provides its products through stores and distributors, as well as through online channels. Metro Brands Limited was formerly known as Metro Shoes Limited and changed its name to Metro Brands Limited in September 2018. Metro Brands Limited was founded in 1955 and is headquartered in Mumbai, India.
Stock analysis
Metro Brands Limited (METROBRAND) currently trades at ₹833.50, while our model-based Fair Value estimate is ₹1,121, implying the stock looks roughly 25.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹424.67 per share, and 0 of the 26 models we run sit above the ₹833.50 price.
Bear case: the Economic Profit group reads lowest at ₹124.83, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹695.70 (bear) to ₹1,575 (bull), the price of ₹833.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Metro Brands Limited reported revenue of ₹28.6B in FY2026 versus ₹13.4B in FY2022, a compound +20.8%/yr. Reported net income was ₹4.1B in FY2026, compounding +18.1%/yr from FY2022.
Key figures
Market cap ₹227B (≈ $2.4B) · P/E ratio 56.0 · P/S ratio 8.04 · EPS (TTM) ₹14.88 · Dividend yield 0.7% · Net margin 14.4% · Return on equity 22.1% · Return on assets (EBIT) 26.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 34%, METROBRAND screens cheaper than that median.
Fair Value models
Bear ₹695.70Fair Value ₹1,121Bull ₹1,575
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.75 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.1%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+21.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.7%
Dividend (yield on the price)0.7%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+37.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +31.6% a year for the price and +9.5% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Apparel Retail · 98 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+34.5% · Above median
Profitability
Return on equity (TTM)22.1% · Top 25%
Return on assets9.5% · Top 25%
Net margin (TTM)13.8% · Top 25%
Operating margin (TTM)18.0% · Top 25%
Growth and dividend
Revenue growth14.7% · Top 25%
Dividend yield (TTM)0.7% · Bottom 25%
Valuation Multiplesvs Apparel Retail median · lower = cheaper
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Is Metro Brands Limited (METROBRAND) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of ₹1,121 versus a price of ₹833.50, about +34% upside (undervalued).
What is the fair value of METROBRAND?
Our model-based fair value for Metro Brands Limited is ₹1,121 (as of Sep 30, 2026), built from audited fundamentals. The current price: ₹833.50.
What is the quality score of METROBRAND?
Metro Brands Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Metro Brands Limited (METROBRAND)?
Our model-based price target is the fair value of ₹1,121 (as of Sep 30, 2026) from 26 valuation models. Cautious scenario ₹695.70, optimistic scenario ₹1,575. It is a calculation from audited fundamentals, not an analyst target.
What is the Metro Brands Limited stock forecast for 2026?
Our models put fair value at ₹1,121, about +34% upside versus a price of ₹833.50 (undervalued). Cautious scenario ₹695.70, optimistic scenario ₹1,575. The calculation is refreshed regularly with new filings.
What is the revenue of Metro Brands Limited (METROBRAND)?
Metro Brands Limited reported trailing-twelve-month revenue of about ₹29.6B (latest available figure, as of Sep 30, 2026).
Does Metro Brands Limited pay a dividend?
Metro Brands Limited currently shows a dividend yield of about 0.66% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Metro Brands Limited (METROBRAND)?
For today's price to be fair in a discounted-cash-flow model, Metro Brands Limited would have to grow free cash flow by +37.1 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +29.1 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of METROBRAND use?
Our models discount Metro Brands Limited at 12.4 %: a base by market capitalisation (mid), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Metro Brands Limited that is +37.1 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Metro Brands Limited (METROBRAND) delivered so far?
Over the past 5 years revenue at Metro Brands Limited grew +29.1 % a year. The price currently implies +37.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Metro Brands Limited (METROBRAND) growing?
The median revenue growth in the sector is +3.1 % a year. That is the yardstick for the growth priced into Metro Brands Limited (+37.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Metro Brands Limited (METROBRAND)?
The free-cash-flow yield on the price is 1.71 %: that much free cash flow Metro Brands Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Metro Brands Limited (METROBRAND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Metro Brands Limited it is ₹1,121 per share (as of Sep 30, 2026), against a price of ₹833.50. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Metro Brands Limited stock overvalued or undervalued in 2026?
As of Sep 30, 2026, METROBRAND trades below its calculated fair value: price ₹833.50, fair value ₹1,121, a gap of about +34% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of METROBRAND?
No. The price is what the market pays today (₹833.50); the fair value is what the company's own numbers justify (₹1,121). For Metro Brands Limited the two are ₹287.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Metro Brands Limited worth?
The market values Metro Brands Limited at about ₹227B (market capitalisation, as of Sep 30, 2026). Per share that is ₹833.50; our models calculate a fair value of ₹1,121 per share.
What do the bullish and bearish scenarios say about METROBRAND?
Our models span a range for Metro Brands Limited: cautious scenario ₹695.70, base ₹1,121, optimistic ₹1,575 per share (as of Sep 30, 2026, price ₹833.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of METROBRAND?
Metro Brands Limited trades at a price-to-earnings ratio of 56.0 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,121 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2022 to 2026), reported earnings, FY2026 ex one-offs: 76.4. Other multiples: P/B 11.4, P/S 7.7, EV/EBITDA 24.2.
How solid is the balance sheet of Metro Brands Limited (METROBRAND)?
Balance-sheet figures for Metro Brands Limited (as of Sep 30, 2026): return on equity 22.1%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is METROBRAND from its 52-week high?
Metro Brands Limited trades at ₹833.50, about 34% below its 52-week high of ₹1,259 and at the low of ₹833.50 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,121 is for.
Which stocks are comparable to Metro Brands Limited?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, Fast Retailing Co, The TJX Companies, Inc, Ross Stores, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Metro Brands Limited stock attractive at the current price?
The data as of Sep 30, 2026: price ₹833.50, calculated fair value ₹1,121 (+34%), Quality Score 65/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of METROBRAND calculated?
We run Metro Brands Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,121, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Metro Brands Limited currently trades 26 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Metro Brands Limited (METROBRAND)?
The closing price on Oct 1, 2026 was ₹833.50. Our model-based fair value is ₹1,121, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Metro Brands Limited right now?
Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹695.70 to ₹1,575) leaves room in how you read the outcome.
Key figures of Metro Brands Limited
How large is the market capitalisation of Metro Brands Limited (METROBRAND)?
The market capitalisation of Metro Brands Limited is ₹227B (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Metro Brands Limited (METROBRAND)?
The price-to-sales ratio of Metro Brands Limited is 8.04 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Metro Brands Limited (METROBRAND)?
Earnings per share at Metro Brands Limited are ₹14.88 (price ÷ EPS = P/E 56.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Metro Brands Limited (METROBRAND)?
The dividend yield of Metro Brands Limited is 0.7% (payout 37.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Metro Brands Limited (METROBRAND)?
The net margin of Metro Brands Limited is 14.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Metro Brands Limited (METROBRAND)?
The return on equity (ROE) of Metro Brands Limited is 22.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Metro Brands Limited (METROBRAND)?
On an EBIT basis the return on assets of Metro Brands Limited is 26.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Metro Brands Limited (METROBRAND)?
The operating margin of Metro Brands Limited is 18.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Metro Brands Limited (METROBRAND)?
Revenue at Metro Brands Limited is growing +14.7% versus a year earlier (3y avg +10.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Metro Brands Limited (METROBRAND)?
Earnings per share at Metro Brands Limited are growing −5.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Metro Brands Limited (METROBRAND) carry?
The net debt of Metro Brands Limited is ₹15.3B (fiscal year 2026, ≈ 3.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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