Buy Metro Brands, target price Rs 1,400: JM Financial
JM Financial recommends a buy for Metro Brands, setting a target price of Rs 1,400, anticipating an increase from the current market price of Rs 1216 within a year. The company's recent financial results show a consolidated total income of Rs 665....
By ETMarkets.com |
TIL Creatives
JM Financial has a buy call on Metro Brands with a target price of Rs 1,400 The current market price of Metro Brands is Rs 1216. The time period given by the analyst is a year when Metro Brands price can reach the defined target. Metro Brands, incorporated in 1977, is a Large Cap company with a market cap of Rs 33497.67 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 the latest quarter.
The company's top management includes Mr.Rafique A Malik, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Mithun Padam Sacheti, Mr.Rafique A Malik, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Rafique A Malik, Mr.Mithun Padam Sacheti, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Mithun Padam Sacheti, Mr.Rafique A Malik, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Mithun 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.
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.
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 the latest quarter.
The company's top management includes Mr.Rafique A Malik, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Mithun Padam Sacheti, Mr.Rafique A Malik, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Rafique A Malik, Mr.Mithun Padam Sacheti, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Mithun Padam Sacheti, Mr.Rafique A Malik, Mr.Srikanth Velamakanni, Mr.Vikas Vijaykumar Khemani, Mr.Arvind Kumar Singhal, Ms.Aruna Bhagwan Advani, Mr.Manoj Kumar Maheshwari, Mr.Utpal Hemendra Sheth, Mr.Mohammed Iqbal Hasanally Dossani, Ms.Farah Malik Bhanji, Mr.Mithun 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.
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.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Sell Metro Brands, target price Rs 925: HDFC SecuritiesADVERTISEMENT
