Metro Brands Limited (METROBRAND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+218.2%

₹2,629.55

vs ₹826.30 price

Levered DCF

₹2,447.89

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

8.28

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	59.34×	81.16×	74.76×	59.7×	77.69×	191.96×	85.5×	84.77×
P/B	12.24×	16.64×	16.54×	14×	13×	15.83×	16.23×	19.06×
P/S	8.52×	11.34×	13.08×	10.18×	12.24×	16.38×	10.2×	10.76×
EV / EBITDA	26.64×	38.8×	45.21×	33.15×	41.35×	77.79×	38.28×	42.66×
Gross margin	37.3%	57.7%	58.1%	58.1%	57.9%	54.9%	53.2%	54.9%
Operating margin	19.4%	43.0%	43.1%	44.0%	43.3%	37.1%	37.0%	31.4%
Net margin	14.4%	14.0%	17.5%	17.0%	15.8%	8.5%	12.2%	12.7%
Current ratio	2.89×	2.9×	3.34×	2.92×	3.27×	2.66×	2.53×	2.81×
Debt / equity	0.79×	0.72×	0.59×	0.61×	0.55×	0.69×	0.68×	0.62×
Interest coverage	5.02×	11.91×	12.88×	14.84×	11.52×	6.62×	11.98×	11.15×
Dividend yield	0.6%	1.9%	0.4%	0.4%	0.4%	0.4%	0.0%	0.3%
Payout ratio	36.4%	154.6%	28.0%	24.4%	33.4%	73.0%	0.0%	28.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.6%	20.5%	22.1%	23.4%	16.7%	8.2%	19.4%	22.5%
Return on invested capital	11.7%	25.6%	30.3%	27.6%	22.0%	16.2%	25.2%	21.8%
Return on assets	10.2%	10.5%	12.3%	12.4%	9.1%	4.1%	9.7%	11.7%
Free cash flow yield	1.6%	2.1%	1.5%	1.3%	1.0%	1.8%	1.7%	1.0%
Earnings yield	1.7%	1.2%	1.3%	1.7%	1.3%	0.5%	1.2%	1.2%
Enterprise value	₹259.3B	₹295.7B	₹318.8B	₹225.7B	₹170.7B	₹136.4B	₹136.4B	₹135.1B
Net debt / EBITDA	1.57×	1.48×	1.49×	1.34×	1.54×	3.08×	1.51×	1.3×
Cash conversion cycle (days)	130	155	180	164	152	109	126	135